| ROI Stock | | | CAD 0.02 0.00 0.00% |
Route1 financial indicator trend analysis is much more than just breaking down Route1 Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Route1 Inc is a good investment. Please check the relationship between Route1 Operating Income and its Depreciation And Amortization accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Route1 Inc. 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.
Operating Income vs Depreciation And Amortization
Operating Income vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Route1 Inc Operating Income account and
Depreciation And Amortization. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Route1's Operating Income and Depreciation And Amortization is -0.04. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Route1 Inc, assuming nothing else is changed. The correlation between historical values of Route1's Operating Income and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Route1 Inc are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Operating Income i.e., Route1's Operating Income and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | -0.04 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Operating Income
Operating Income is the amount of profit realized from Route1 Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Route1 Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Route1's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Route1 Inc 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 Route1 Inc. 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.
At this time, Route1's
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.55 in 2024, whereas
Selling General Administrative is likely to drop slightly above 4.1
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 277.2K | 275.0K | 504.3K | 338.8K | Depreciation And Amortization | 1.3M | 1.4M | 1.3M | 1.3M |
Route1 fundamental ratios Correlations
Click cells to compare fundamentals
Route1 Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Route1 fundamental ratios Accounts
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Additional Tools for Route1 Stock Analysis
When running Route1's price analysis, check to
measure Route1's 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 Route1 is operating at the current time. Most of Route1's value examination focuses on studying past and present price action to
predict the probability of Route1's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Route1's price. Additionally, you may evaluate how the addition of Route1 to your portfolios can decrease your overall portfolio volatility.