Rocket Other Assets vs Other Current Assets Analysis

RKT Stock  USD 13.74  0.13  0.96%   
Rocket Companies financial indicator trend analysis is much more than just breaking down Rocket Companies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rocket Companies is a good investment. Please check the relationship between Rocket Companies Other Assets and its Other Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocket Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Rocket Stock please use our How to Invest in Rocket Companies guide.

Other Assets vs Other Current Assets

Other Assets vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rocket Companies Other Assets account and Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Rocket Companies' Other Assets and Other Current Assets is -0.51. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Rocket Companies, assuming nothing else is changed. The correlation between historical values of Rocket Companies' Other Assets and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Rocket Companies are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Other Assets i.e., Rocket Companies' Other Assets and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.51
Relationship DirectionNegative 
Relationship StrengthVery Weak

Other Assets

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Rocket Companies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rocket Companies 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 Rocket Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Rocket Stock please use our How to Invest in Rocket Companies guide.At this time, Rocket Companies' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 144.76 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.43 in 2024.
 2021 2022 2023 2024 (projected)
Cost Of Revenue74.7M94.0M110.3M183.3M
EBITDA495.7M254.9M67.3M64.0M

Rocket Companies fundamental ratios Correlations

0.680.7-0.410.7-0.930.94-0.060.92-0.780.520.690.290.62-0.890.510.760.50.330.94-0.950.180.860.370.66-0.85
0.680.98-0.420.4-0.780.86-0.270.78-0.860.90.970.80.34-0.710.950.630.870.060.51-0.790.780.630.760.08-0.61
0.70.98-0.420.38-0.830.89-0.340.73-0.770.930.960.820.38-0.650.930.660.880.090.52-0.830.780.660.820.07-0.7
-0.41-0.42-0.42-0.820.36-0.440.1-0.390.4-0.11-0.55-0.33-0.80.51-0.14-0.13-0.63-0.62-0.220.43-0.34-0.30.07-0.40.27
0.70.40.38-0.82-0.610.58-0.20.6-0.540.040.44-0.010.72-0.740.110.20.350.410.54-0.680.130.39-0.170.84-0.56
-0.93-0.78-0.830.36-0.61-0.960.38-0.830.75-0.7-0.74-0.41-0.510.77-0.67-0.65-0.56-0.12-0.80.99-0.45-0.73-0.59-0.530.94
0.940.860.89-0.440.58-0.96-0.160.91-0.840.760.870.580.61-0.840.730.780.720.30.84-0.960.460.860.620.41-0.83
-0.06-0.27-0.340.1-0.20.38-0.160.080.04-0.33-0.12-0.050.15-0.07-0.340.35-0.080.570.20.33-0.640.32-0.37-0.130.47
0.920.780.73-0.390.6-0.830.910.08-0.950.590.790.420.55-0.970.640.750.580.310.89-0.860.280.830.380.5-0.63
-0.78-0.86-0.770.4-0.540.75-0.840.04-0.95-0.65-0.83-0.5-0.430.93-0.75-0.59-0.63-0.16-0.70.77-0.48-0.65-0.43-0.360.5
0.520.90.93-0.110.04-0.70.76-0.330.59-0.650.850.860.15-0.440.960.610.78-0.080.39-0.660.790.560.96-0.21-0.57
0.690.970.96-0.550.44-0.740.87-0.120.79-0.830.850.860.51-0.720.870.70.950.30.54-0.760.70.720.70.06-0.55
0.290.80.82-0.33-0.01-0.410.58-0.050.42-0.50.860.860.3-0.30.810.560.930.250.18-0.40.740.520.81-0.44-0.26
0.620.340.38-0.80.72-0.510.610.150.55-0.430.150.510.3-0.60.070.40.530.870.59-0.530.050.630.00.46-0.41
-0.89-0.71-0.650.51-0.740.77-0.84-0.07-0.970.93-0.44-0.72-0.3-0.6-0.52-0.63-0.52-0.35-0.840.82-0.23-0.73-0.2-0.630.57
0.510.950.93-0.140.11-0.670.73-0.340.64-0.750.960.870.810.07-0.520.550.76-0.180.36-0.660.830.490.88-0.14-0.51
0.760.630.66-0.130.2-0.650.780.350.75-0.590.610.70.560.4-0.630.550.60.410.81-0.670.080.960.550.14-0.57
0.50.870.88-0.630.35-0.560.72-0.080.58-0.630.780.950.930.53-0.520.760.60.40.33-0.580.720.620.66-0.12-0.41
0.330.060.09-0.620.41-0.120.30.570.31-0.16-0.080.30.250.87-0.35-0.180.410.40.41-0.16-0.250.56-0.180.18-0.04
0.940.510.52-0.220.54-0.80.840.20.89-0.70.390.540.180.59-0.840.360.810.330.41-0.82-0.080.90.260.62-0.72
-0.95-0.79-0.830.43-0.680.99-0.960.33-0.860.77-0.66-0.76-0.4-0.530.82-0.66-0.67-0.58-0.16-0.82-0.42-0.75-0.53-0.580.93
0.180.780.78-0.340.13-0.450.46-0.640.28-0.480.790.70.740.05-0.230.830.080.72-0.25-0.08-0.420.060.73-0.25-0.33
0.860.630.66-0.30.39-0.730.860.320.83-0.650.560.720.520.63-0.730.490.960.620.560.9-0.750.060.460.3-0.64
0.370.760.820.07-0.17-0.590.62-0.370.38-0.430.960.70.810.0-0.20.880.550.66-0.180.26-0.530.730.46-0.36-0.53
0.660.080.07-0.40.84-0.530.41-0.130.5-0.36-0.210.06-0.440.46-0.63-0.140.14-0.120.180.62-0.58-0.250.3-0.36-0.56
-0.85-0.61-0.70.27-0.560.94-0.830.47-0.630.5-0.57-0.55-0.26-0.410.57-0.51-0.57-0.41-0.04-0.720.93-0.33-0.64-0.53-0.56
Click cells to compare fundamentals

Rocket Companies Account Relationship Matchups

Rocket Companies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets20.1B37.5B32.8B20.1B19.2B25.9B
Short Long Term Debt Total5.6B22.0B19.3B8.7B9.6B12.7B
Other Current Liab(322.3M)(627.0M)(346.5M)1.4B(1.9B)(1.8B)
Total Current Liabilities322.3M627.0M346.5M572.6M1.9B2.0B
Total Stockholder Equity3.5B490.5M665.7M576.7M624.9M1.2B
Other Liab450.2M1.2B1.5B1.1B1.3B1.1B
Net Tangible Assets595.3M(2.4B)665.7M(682.2M)(614.0M)(644.7M)
Property Plant And Equipment Net455.4M449.7M682.3M640.4M598.6M555.3M
Net Debt4.3B20.0B17.1B8.0B4.1B3.9B
Accounts Payable157.3M252.0M271.5M116.3M171.4M194.5M
Cash1.4B2.0B2.1B722.3M1.1B1.1B
Non Current Assets Total3.6B3.5B6.1B2.4B8.9B5.1B
Non Currrent Assets Other(3.6B)(519.9M)(6.1B)(7.0B)(8.9B)(8.4B)
Other Assets14.9B32.0B24.6B16.9B8.2B14.0B
Long Term Debt2.4B3.4B18.7B8.3B4.5B7.3B
Cash And Short Term Investments1.4B2.0B2.1B722.3M1.4B1.6B
Net Receivables282.8M22.2M517.8M10.8M579.2M301.0M
Good Will40.3M47.2M1.3B1.3B1.1B694.9M
Short Term Investments508.1M1.9B538.9M90.6M322.5M480.4M
Long Term Debt Total2.4B3.4B18.7B8.3B9.5B7.7B
Liabilities And Stockholders Equity20.1B37.5B32.8B20.1B19.2B25.9B
Non Current Liabilities Total5.5B21.6B19.2B11.0B5.9B5.6B
Inventory1.6M1.1M492K1.2B1.4B1.5B
Other Current Assets14.6B(653.7M)169.0M(1.3B)158.3M150.3M
Other Stockholder Equity428.4M282.7M287.6M276.2M340.5M263.5M
Total Liab16.6B29.7B23.0B11.6B10.9B13.4B
Net Invested Capital18.9B27.7B19.4B8.9B5.4B5.1B
Property Plant And Equipment Gross455.4M449.7M682.3M640.4M1.1B653.6M
Total Current Assets1.6B2.0B2.1B722.3M2.2B2.2B
Accumulated Other Comprehensive Income(151K)317K81K69K52K54.6K
Cash And Equivalents1.4B2.0B2.1B722.3M830.6M1.6B
Intangible Assets2.9B2.9B5.4B6.9B6.4B5.1B
Property Plant Equipment455.4M449.7M682.3M274.2M315.3M454.1M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Rocket Stock Analysis

When running Rocket Companies' price analysis, check to measure Rocket Companies' 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 Rocket Companies is operating at the current time. Most of Rocket Companies' value examination focuses on studying past and present price action to predict the probability of Rocket Companies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocket Companies' price. Additionally, you may evaluate how the addition of Rocket Companies to your portfolios can decrease your overall portfolio volatility.