Rockfire Net Income vs Depreciation Analysis

ROCK Stock

0.11 0.00 0.00%

Rockfire Resources financial indicator trend analysis is much more than just breaking down Rockfire Resources plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rockfire Resources plc is a good investment. Please check the relationship between Rockfire Resources Net Income and its Depreciation accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rockfire Resources plc. 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 Depreciation

Net Income vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rockfire Resources plc Net Income account and Depreciation. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Rockfire Resources' Net Income and Depreciation is 0.18. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of Rockfire Resources plc, assuming nothing else is changed. The correlation between historical values of Rockfire Resources' Net Income and Depreciation 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 Rockfire Resources plc are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., Rockfire Resources' Net Income and Depreciation go up and down completely randomly.

Correlation Coefficient

0.18

Relationship Direction	Positive
Relationship Strength	Insignificant

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Net Income

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

Depreciation

Depreciation indicates how much of Rockfire Resources plc value has been used up. For tax purposes Rockfire Resources can deduct the cost of the tangible assets it purchases as business expenses. However, Rockfire Resources plc must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Most indicators from Rockfire Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rockfire Resources plc 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 Rockfire Resources plc. 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.

Issuance Of Capital Stock is likely to gain to about 4.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 M in 2024.

Rockfire Resources fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Current Liab	Current Deferred Revenue	Accounts Payable	Other Assets	Property Plant And Equipment Net	Net Tangible Assets
Total Assets		0.19	0.39	1.0	-0.72	-0.46	0.73	0.93	0.09	0.73	-0.17	0.45	-0.09	0.43	-0.05	0.39	0.88	0.19	0.4	0.66	0.17	-0.41	0.39	-0.04	-0.11	0.31
Short Long Term Debt Total	0.19		-0.58	0.22	-0.22	-0.26	0.11	0.25	-0.07	0.11	0.62	0.27	-0.86	0.15	0.66	-0.58	0.18	1.0	0.04	0.22	0.35	-0.04	0.17	-0.03	-0.16	-0.34
Total Current Liabilities	0.39	-0.58		0.35	-0.19	-0.05	0.29	0.38	0.15	0.29	-0.69	0.03	0.79	0.17	-0.69	1.0	0.36	-0.58	0.26	0.21	0.07	-0.11	0.19	0.18	0.02	0.53
Total Stockholder Equity	1.0	0.22	0.35		-0.72	-0.46	0.73	0.93	0.08	0.73	-0.14	0.45	-0.12	0.43	-0.01	0.35	0.88	0.22	0.4	0.66	0.17	-0.41	0.38	-0.05	-0.11	0.3
Net Debt	-0.72	-0.22	-0.19	-0.72		0.09	-0.99	-0.63	0.09	-0.99	0.17	0.07	0.18	0.12	0.09	-0.19	-0.87	-0.22	0.15	-0.25	-0.27	-0.09	-0.32	-0.07	-0.06	-0.42
Retained Earnings	-0.46	-0.26	-0.05	-0.46	0.09		-0.07	-0.4	-0.72	-0.07	-0.53	-0.86	0.18	-0.56	-0.53	-0.05	-0.34	-0.26	-0.49	-0.97	0.19	0.49	-0.23	0.35	0.69	0.27
Cash	0.73	0.11	0.29	0.73	-0.99	-0.07		0.63	-0.07	1.0	-0.24	-0.08	-0.07	-0.11	-0.17	0.29	0.88	0.11	-0.13	0.25	0.23	0.08	0.3	0.09	0.08	0.47
Non Current Assets Total	0.93	0.25	0.38	0.93	-0.63	-0.4	0.63		0.08	0.63	-0.16	0.32	-0.04	0.24	-0.04	0.38	0.7	0.25	0.21	0.58	0.15	-0.16	0.41	-0.05	-0.04	0.35
Non Currrent Assets Other	0.09	-0.07	0.15	0.08	0.09	-0.72	-0.07	0.08		-0.07	0.44	0.57	0.16	0.22	0.22	0.15	0.04	-0.07	0.18	0.64	-0.33	-0.16	-0.02	-0.11	-0.92	-0.39
Cash And Short Term Investments	0.73	0.11	0.29	0.73	-0.99	-0.07	1.0	0.63	-0.07		-0.24	-0.08	-0.07	-0.11	-0.17	0.29	0.88	0.11	-0.13	0.25	0.23	0.08	0.3	0.09	0.08	0.47
Common Stock Total Equity	-0.17	0.62	-0.69	-0.14	0.17	-0.53	-0.24	-0.16	0.44	-0.24		0.48	-0.59	0.2	0.91	-0.69	-0.13	0.62	0.1	0.34	-0.22	-0.1	-0.13	-0.23	-0.55	-0.71
Common Stock Shares Outstanding	0.45	0.27	0.03	0.45	0.07	-0.86	-0.08	0.32	0.57	-0.08	0.48		-0.2	0.86	0.5	0.03	0.33	0.27	0.8	0.86	-0.1	-0.8	0.19	-0.32	-0.64	-0.39
Non Current Liabilities Total	-0.09	-0.86	0.79	-0.12	0.18	0.18	-0.07	-0.04	0.16	-0.07	-0.59	-0.2		-0.11	-0.62	0.79	-0.11	-0.86	0.01	-0.13	-0.27	0.15	-0.06	0.09	0.12	0.4
Other Current Assets	0.43	0.15	0.17	0.43	0.12	-0.56	-0.11	0.24	0.22	-0.11	0.2	0.86	-0.11		0.25	0.17	0.37	0.15	0.99	0.62	0.02	-0.95	0.01	-0.04	-0.37	-0.29
Other Stockholder Equity	-0.05	0.66	-0.69	-0.01	0.09	-0.53	-0.17	-0.04	0.22	-0.17	0.91	0.5	-0.62	0.25		-0.69	-0.04	0.66	0.15	0.38	-0.21	-0.15	0.02	-0.4	-0.29	-0.59
Total Liab	0.39	-0.58	1.0	0.35	-0.19	-0.05	0.29	0.38	0.15	0.29	-0.69	0.03	0.79	0.17	-0.69		0.36	-0.58	0.26	0.21	0.07	-0.11	0.19	0.18	0.02	0.53
Total Current Assets	0.88	0.18	0.36	0.88	-0.87	-0.34	0.88	0.7	0.04	0.88	-0.13	0.33	-0.11	0.37	-0.04	0.36		0.18	0.35	0.53	0.23	-0.36	0.29	0.07	-0.1	0.3
Short Term Debt	0.19	1.0	-0.58	0.22	-0.22	-0.26	0.11	0.25	-0.07	0.11	0.62	0.27	-0.86	0.15	0.66	-0.58	0.18		0.04	0.22	0.35	-0.04	0.17	-0.03	-0.16	-0.34
Intangible Assets	0.4	0.04	0.26	0.4	0.15	-0.49	-0.13	0.21	0.18	-0.13	0.1	0.8	0.01	0.99	0.15	0.26	0.35	0.04		0.56	0.0	-0.93	-0.03	0.02	-0.32	-0.23
Common Stock	0.66	0.22	0.21	0.66	-0.25	-0.97	0.25	0.58	0.64	0.25	0.34	0.86	-0.13	0.62	0.38	0.21	0.53	0.22	0.56		-0.11	-0.56	0.3	-0.29	-0.62	-0.12
Other Current Liab	0.17	0.35	0.07	0.17	-0.27	0.19	0.23	0.15	-0.33	0.23	-0.22	-0.1	-0.27	0.02	-0.21	0.07	0.23	0.35	0.0	-0.11		0.0	0.26	0.1	0.18	0.37
Current Deferred Revenue	-0.41	-0.04	-0.11	-0.41	-0.09	0.49	0.08	-0.16	-0.16	0.08	-0.1	-0.8	0.15	-0.95	-0.15	-0.11	-0.36	-0.04	-0.93	-0.56	0.0		-0.01	0.07	0.32	0.26
Accounts Payable	0.39	0.17	0.19	0.38	-0.32	-0.23	0.3	0.41	-0.02	0.3	-0.13	0.19	-0.06	0.01	0.02	0.19	0.29	0.17	-0.03	0.3	0.26	-0.01		-0.66	0.14	0.42
Other Assets	-0.04	-0.03	0.18	-0.05	-0.07	0.35	0.09	-0.05	-0.11	0.09	-0.23	-0.32	0.09	-0.04	-0.4	0.18	0.07	-0.03	0.02	-0.29	0.1	0.07	-0.66		-0.06	-0.11
Property Plant And Equipment Net	-0.11	-0.16	0.02	-0.11	-0.06	0.69	0.08	-0.04	-0.92	0.08	-0.55	-0.64	0.12	-0.37	-0.29	0.02	-0.1	-0.16	-0.32	-0.62	0.18	0.32	0.14	-0.06		0.56
Net Tangible Assets	0.31	-0.34	0.53	0.3	-0.42	0.27	0.47	0.35	-0.39	0.47	-0.71	-0.39	0.4	-0.29	-0.59	0.53	0.3	-0.34	-0.23	-0.12	0.37	0.26	0.42	-0.11	0.56

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Rockfire Resources Account Relationship Matchups

Rockfire Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6M	4.1M	5.1M	5.1M	7.3M	7.6M
Total Current Liabilities	146.5K	96.4K	110.4K	160.1K	222.0K	183.8K
Total Stockholder Equity	2.4M	4.0M	5.0M	4.9M	7.0M	7.4M
Net Debt	(763.1K)	(1.4M)	(1.5M)	(420.3K)	(436.6K)	(458.4K)
Retained Earnings	(21.2M)	(21.8M)	(22.4M)	(23.0M)	(24.8M)	(23.6M)
Cash	763.1K	1.4M	1.5M	420.3K	436.6K	578.0K
Non Current Assets Total	1.7M	2.7M	3.5M	4.6M	5.1M	2.6M
Non Currrent Assets Other	1.7M	2.7M	3.4M	4.5M	(1.0)	(1.05)
Cash And Short Term Investments	763.1K	1.4M	1.5M	420.3K	436.6K	578.0K
Common Stock Total Equity	6.3M	6.4M	6.6M	6.8M	7.9M	4.8M
Common Stock Shares Outstanding	463.7M	725.8M	975.0M	1.2B	1.9B	2.0B
Liabilities And Stockholders Equity	2.6M	4.1M	5.1M	5.1M	7.3M	5.4M
Other Current Assets	56.0K	39.4K	124.3K	106.2K	1.7M	1.8M
Other Stockholder Equity	14.7M	16.7M	18.2M	18.0M	21.2M	12.6M
Total Liab	146.5K	96.4K	110.4K	160.1K	222.0K	183.8K
Total Current Assets	819.0K	1.4M	1.6M	526.4K	2.2M	2.3M
Intangible Assets	1.7K	2.7K	3.4K	4.5K	5.0M	5.2M
Common Stock	6.6M	6.8M	7.1M	7.4M	8.5M	9.0M
Other Current Liab	144.6K	65.4K	63.4K	79.5K	192.5K	104.4K
Accounts Payable	1.9K	31.0K	47.0K	80.6K	29.5K	32.3K
Property Plant And Equipment Net	10.4K	25.7K	20.2K	38.3K	28.2K	26.8K
Accumulated Other Comprehensive Income	2.2M	2.3M	2.1M	2.2M	2.1M	2.4M
Net Tangible Assets	682.9K	1.3M	1.5M	490.5K	441.5K	667.2K
Net Receivables	56.0K	39.4K	124.3K	106.2K	1.7M	1.8M
Inventory	(55.97)	(39.38)	(124.26)	(106.17)	(1.7M)	(1.6M)
Property Plant And Equipment Gross	1.7M	2.7M	3.5M	4.5M	5.0M	3.0M
Net Invested Capital	2.4M	4.0M	5.0M	4.9M	7.0M	4.4M
Net Working Capital	672.5K	1.3M	1.5M	366.4K	1.9M	1.1M
Capital Stock	6.6M	6.8M	7.1M	7.4M	8.5M	7.9M

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Rockfire Net Income vs Depreciation Analysis

Net Income vs Depreciation

Net Income vs Depreciation Correlation Analysis

Correlation Coefficient

Net Income

Depreciation

Rockfire Resources fundamental ratios Correlations

Rockfire Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Rockfire Resources fundamental ratios Accounts

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Total Stockholder Equity	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Intangible Assets	+ 0.99	Other Current Assets
Non Current Assets Total	+ 0.93	Total Assets

Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Common Stock	- 0.97	Retained Earnings
Current Deferred Revenue	- 0.95	Other Current Assets
Current Deferred Revenue	- 0.93	Intangible Assets
Property Plant And Equipment Net	- 0.92	Non Currrent Assets Other