Rockhaven Net Income vs Change In Cash 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 Net Income and its Change In Cash 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.
Net Income vs Change In Cash
Net Income vs Change In Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rockhaven Resources Net Income account and Change In Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Rockhaven Resources' Net Income and Change In Cash is 0.41. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Cash 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' Net Income and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Rockhaven Resources are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Net Income i.e., Rockhaven Resources' Net Income and Change In Cash go up and down completely randomly.
Correlation Coefficient | 0.41 |
Relationship Direction | Positive |
Relationship Strength | Weak |
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.Change In Cash
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
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Rockhaven Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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Additional Tools for Rockhaven Stock Analysis
When running Rockhaven Resources' price analysis, check to measure Rockhaven Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rockhaven Resources is operating at the current time. Most of Rockhaven Resources' value examination focuses on studying past and present price action to predict the probability of Rockhaven Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rockhaven Resources' price. Additionally, you may evaluate how the addition of Rockhaven Resources to your portfolios can decrease your overall portfolio volatility.