Rockhaven Change To Account Receivables vs Net Income Analysis

RK Stock

CAD 0.09 0.01 12.50%

Rockhaven Resources financial indicator trend analysis is much more than just breaking down Rockhaven Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rockhaven Resources is a good investment. Please check the relationship between Rockhaven Resources Change To Account Receivables and its Net Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rockhaven Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Change To Account Receivables vs Net Income

Change To Account Receivables vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rockhaven Resources Change To Account Receivables account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Rockhaven Resources' Change To Account Receivables and Net Income is -0.24. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Net Income in the same time period over historical financial statements of Rockhaven Resources, assuming nothing else is changed. The correlation between historical values of Rockhaven Resources' Change To Account Receivables and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Rockhaven Resources are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Change To Account Receivables i.e., Rockhaven Resources' Change To Account Receivables and Net Income go up and down completely randomly.

Correlation Coefficient

-0.24

Relationship Direction	Negative
Relationship Strength	Insignificant

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Change To Account Receivables

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Rockhaven Resources financial statement analysis. It represents the amount of money remaining after all of Rockhaven Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Rockhaven Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rockhaven Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rockhaven Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to climb to about 612.3 K in 2024, despite the fact that Tax Provision is likely to grow to (91.7 K).

Rockhaven Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Non Current Liabilities Total	Non Currrent Assets Other	Short Term Investments	Other Liab	Net Tangible Assets	Other Assets	Common Stock	Property Plant Equipment	Inventory	Other Current Assets
Total Assets		0.29	1.0	0.88	0.03	-0.71	0.44	-0.05	0.88	-0.15	-0.58	0.79	-0.73	0.89	-0.18	0.24	0.84	0.15	-0.37	0.89	0.92	-0.05	0.91	0.91	0.81	-0.3
Total Current Liabilities	0.29		0.27	0.18	-0.57	-0.04	0.42	0.58	0.18	0.43	-0.04	0.1	-0.17	0.37	0.42	0.99	0.06	-0.38	-0.13	0.07	0.18	-0.26	0.16	0.1	0.18	0.35
Total Stockholder Equity	1.0	0.27		0.87	0.03	-0.71	0.44	-0.06	0.87	-0.16	-0.59	0.79	-0.73	0.86	-0.18	0.23	0.82	0.18	-0.37	0.89	0.92	-0.02	0.91	0.91	0.8	-0.32
Property Plant And Equipment Net	0.88	0.18	0.87		0.09	-0.68	0.3	-0.11	1.0	-0.18	-0.67	0.85	-0.53	0.81	-0.22	0.17	0.85	-0.09	-0.35	0.82	0.83	0.04	0.82	0.83	0.82	-0.29
Net Debt	0.03	-0.57	0.03	0.09		-0.56	-0.44	-0.97	0.09	-0.94	-0.43	0.12	-0.27	0.05	-0.94	-0.55	0.22	0.31	-0.52	0.01	-0.04	0.17	-0.02	0.02	0.13	-0.14
Retained Earnings	-0.71	-0.04	-0.71	-0.68	-0.56		-0.07	0.6	-0.68	0.67	0.79	-0.78	0.71	-0.62	0.69	-0.05	-0.65	-0.23	0.62	-0.61	-0.65	-0.04	-0.66	-0.65	-0.72	0.29
Accounts Payable	0.44	0.42	0.44	0.3	-0.44	-0.07		0.41	0.3	0.35	-0.06	0.33	-0.44	0.38	0.34	0.29	0.27	-0.22	0.06	0.4	0.38	-0.34	0.36	0.37	0.18	-0.15
Cash	-0.05	0.58	-0.06	-0.11	-0.97	0.6	0.41		-0.11	0.97	0.42	-0.17	0.24	0.02	0.96	0.55	-0.15	-0.38	0.51	-0.06	-0.02	-0.23	-0.04	-0.06	-0.08	0.26
Non Current Assets Total	0.88	0.18	0.87	1.0	0.09	-0.68	0.3	-0.11		-0.18	-0.67	0.85	-0.53	0.81	-0.22	0.16	0.85	-0.09	-0.35	0.82	0.83	0.04	0.82	0.83	0.82	-0.29
Cash And Short Term Investments	-0.15	0.43	-0.16	-0.18	-0.94	0.67	0.35	0.97	-0.18		0.5	-0.16	0.32	-0.08	1.0	0.41	-0.2	-0.37	0.72	-0.07	-0.03	-0.23	-0.05	-0.07	-0.15	0.19
Net Receivables	-0.58	-0.04	-0.59	-0.67	-0.43	0.79	-0.06	0.42	-0.67	0.5		-0.65	0.61	-0.46	0.54	-0.04	-0.5	-0.08	0.56	-0.47	-0.51	-0.17	-0.52	-0.52	-0.71	0.15
Common Stock Shares Outstanding	0.79	0.1	0.79	0.85	0.12	-0.78	0.33	-0.17	0.85	-0.16	-0.65		-0.6	0.71	-0.2	0.09	0.77	0.0	-0.11	0.84	0.88	-0.08	0.89	0.88	0.82	-0.43
Other Stockholder Equity	-0.73	-0.17	-0.73	-0.53	-0.27	0.71	-0.44	0.24	-0.53	0.32	0.61	-0.6		-0.59	0.33	-0.1	-0.55	-0.3	0.38	-0.5	-0.61	-0.09	-0.61	-0.62	-0.74	0.14
Total Liab	0.89	0.37	0.86	0.81	0.05	-0.62	0.38	0.02	0.81	-0.08	-0.46	0.71	-0.59		-0.1	0.33	0.94	-0.13	-0.34	0.8	0.78	-0.28	0.77	0.79	0.76	-0.12
Total Current Assets	-0.18	0.42	-0.18	-0.22	-0.94	0.69	0.34	0.96	-0.22	1.0	0.54	-0.2	0.33	-0.1		0.4	-0.23	-0.35	0.72	-0.09	-0.06	-0.24	-0.08	-0.09	-0.18	0.2
Other Current Liab	0.24	0.99	0.23	0.17	-0.55	-0.05	0.29	0.55	0.16	0.41	-0.04	0.09	-0.1	0.33	0.4		0.03	-0.37	-0.13	0.03	0.15	-0.21	0.14	0.08	0.17	0.37
Non Current Liabilities Total	0.84	0.06	0.82	0.85	0.22	-0.65	0.27	-0.15	0.85	-0.2	-0.5	0.77	-0.55	0.94	-0.23	0.03		-0.08	-0.29	0.83	0.79	-0.21	0.79	0.82	0.79	-0.26
Non Currrent Assets Other	0.15	-0.38	0.18	-0.09	0.31	-0.23	-0.22	-0.38	-0.09	-0.37	-0.08	0.0	-0.3	-0.13	-0.35	-0.37	-0.08		-0.14	0.09	0.14	0.62	0.14	0.15	0.1	-0.4
Short Term Investments	-0.37	-0.13	-0.37	-0.35	-0.52	0.62	0.06	0.51	-0.35	0.72	0.56	-0.11	0.38	-0.34	0.72	-0.13	-0.29	-0.14		-0.09	-0.08	-0.18	-0.07	-0.08	-0.29	-0.06
Other Liab	0.89	0.07	0.89	0.82	0.01	-0.61	0.4	-0.06	0.82	-0.07	-0.47	0.84	-0.5	0.8	-0.09	0.03	0.83	0.09	-0.09		0.96	-0.21	0.96	0.97	0.67	-0.48
Net Tangible Assets	0.92	0.18	0.92	0.83	-0.04	-0.65	0.38	-0.02	0.83	-0.03	-0.51	0.88	-0.61	0.78	-0.06	0.15	0.79	0.14	-0.08	0.96		-0.12	1.0	1.0	0.76	-0.42
Other Assets	-0.05	-0.26	-0.02	0.04	0.17	-0.04	-0.34	-0.23	0.04	-0.23	-0.17	-0.08	-0.09	-0.28	-0.24	-0.21	-0.21	0.62	-0.18	-0.21	-0.12		-0.12	-0.12	0.17	-0.24
Common Stock	0.91	0.16	0.91	0.82	-0.02	-0.66	0.36	-0.04	0.82	-0.05	-0.52	0.89	-0.61	0.77	-0.08	0.14	0.79	0.14	-0.07	0.96	1.0	-0.12		0.99	0.77	-0.43
Property Plant Equipment	0.91	0.1	0.91	0.83	0.02	-0.65	0.37	-0.06	0.83	-0.07	-0.52	0.88	-0.62	0.79	-0.09	0.08	0.82	0.15	-0.08	0.97	1.0	-0.12	0.99		0.76	-0.45
Inventory	0.81	0.18	0.8	0.82	0.13	-0.72	0.18	-0.08	0.82	-0.15	-0.71	0.82	-0.74	0.76	-0.18	0.17	0.79	0.1	-0.29	0.67	0.76	0.17	0.77	0.76		-0.18
Other Current Assets	-0.3	0.35	-0.32	-0.29	-0.14	0.29	-0.15	0.26	-0.29	0.19	0.15	-0.43	0.14	-0.12	0.2	0.37	-0.26	-0.4	-0.06	-0.48	-0.42	-0.24	-0.43	-0.45	-0.18

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Rockhaven Resources Account Relationship Matchups

Rockhaven Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.9M	44.0M	45.2M	49.5M	49.1M	29.4M
Total Current Liabilities	582.8K	1.6M	313.2K	202.5K	126.5K	120.2K
Total Stockholder Equity	36.3M	40.0M	41.4M	45.5M	45.3M	27.3M
Property Plant And Equipment Net	36.0M	38.7M	43.1M	46.9M	48.0M	27.0M
Net Debt	(2.8M)	(5.1M)	(2.0M)	(2.5M)	(65.7K)	(68.9K)
Retained Earnings	(11.9M)	(12.1M)	(12.0M)	(12.8M)	(13.2M)	(13.9M)
Accounts Payable	101.2K	195.1K	218.3K	202.5K	98.0K	120.0K
Cash	2.8M	5.1M	2.0M	2.5M	65.7K	62.4K
Non Current Assets Total	36.0M	38.7M	43.1M	46.9M	48.1M	27.0M
Cash And Short Term Investments	2.9M	5.2M	2.0M	2.6M	1.0M	986.0K
Net Receivables	27.9K	40.7K	30.9K	24.2K	12.4K	11.8K
Common Stock Shares Outstanding	167.1M	195.0M	212.1M	250.2M	276.1M	289.9M
Liabilities And Stockholders Equity	38.9M	44.0M	45.2M	49.5M	49.1M	29.4M
Other Stockholder Equity	897.4K	882.9K	569.0K	743.8K	669.4K	635.9K
Total Liab	2.6M	4.0M	3.8M	4.0M	3.8M	2.1M
Total Current Assets	2.9M	5.3M	2.0M	2.6M	1.1M	1.0M
Other Current Liab	481.6K	1.4M	95.0K	28.6K	32.9K	31.2K
Non Current Liabilities Total	2.0M	2.4M	3.5M	3.8M	3.7M	2.2M
Non Currrent Assets Other	3.1K	153.0	160.0	58.7K	52.8K	27.7K
Short Term Investments	41.5K	47.0K	99.6K	36.0K	972.2K	1.0M
Other Liab	2.0M	2.4M	3.5M	3.8M	4.4M	2.2M
Net Tangible Assets	36.3M	40.0M	41.4M	45.5M	52.4M	36.2M
Other Assets	104.4K	3.1K	153.0	160.0	184.0	174.8
Common Stock	47.4M	51.2M	52.8M	57.6M	66.2M	49.1M
Property Plant Equipment	36.0M	38.7M	43.1M	46.9M	54.0M	37.0M
Other Current Assets	40.9K	39.7K	21.9K	25.4K	25.8K	26.2K
Net Invested Capital	36.3M	40.0M	41.4M	45.5M	45.3M	43.1M
Net Working Capital	2.4M	3.7M	1.7M	2.4M	949.5K	902.0K
Capital Stock	47.4M	51.2M	52.8M	57.6M	66.2M	56.9M

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