ROUTE Retained Earnings vs Total Assets Analysis

ROUTE Stock

1,408 1.90 0.13%

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

Retained Earnings vs Total Assets

Retained Earnings vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ROUTE MOBILE LIMITED Retained Earnings account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between ROUTE MOBILE's Retained Earnings and Total Assets is 0.98. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Assets in the same time period over historical financial statements of ROUTE MOBILE LIMITED, assuming nothing else is changed. The correlation between historical values of ROUTE MOBILE's Retained Earnings and Total 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 Retained Earnings of ROUTE MOBILE LIMITED are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Retained Earnings i.e., ROUTE MOBILE's Retained Earnings and Total Assets go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Assets

Total assets refers to the total amount of ROUTE MOBILE assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in ROUTE MOBILE LIMITED books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from ROUTE MOBILE's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ROUTE MOBILE LIMITED 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 ROUTE MOBILE LIMITED. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

As of the 26th of November 2024, Tax Provision is likely to grow to about 695.5 M, while Selling General Administrative is likely to drop about 27.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	4.2B	7.9B	6.6B	6.9B
Total Revenue	20.0B	35.7B	40.2B	42.2B

Gross Profit Total Revenue

ROUTE MOBILE fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.82	0.39	0.99	1.0	0.79	-0.62	0.98	0.96	0.92	1.0	0.84	0.92	0.94	0.98	0.99	0.9	0.93	-0.29	0.93	0.97	0.99	1.0	0.74	0.97	0.66
Short Long Term Debt Total	0.82		0.02	0.81	0.8	0.62	-0.17	0.9	0.9	0.7	0.84	0.97	0.89	0.59	0.91	0.75	0.72	0.84	0.1	0.78	0.68	0.84	0.8	0.94	0.7	0.48
Other Current Liab	0.39	0.02		0.48	0.38	0.34	-0.44	0.23	0.16	0.33	0.38	0.03	0.07	0.54	0.26	0.46	0.44	0.08	-0.31	0.6	0.49	0.4	0.39	0.06	0.53	0.45
Total Current Liabilities	0.99	0.81	0.48		0.98	0.82	-0.61	0.96	0.94	0.91	0.98	0.82	0.9	0.93	0.96	0.97	0.9	0.88	-0.3	0.95	0.95	0.99	0.98	0.73	0.96	0.73
Total Stockholder Equity	1.0	0.8	0.38	0.98		0.77	-0.64	0.97	0.95	0.93	0.99	0.84	0.91	0.95	0.97	0.99	0.89	0.93	-0.3	0.93	0.98	0.99	1.0	0.73	0.97	0.64
Property Plant And Equipment Net	0.79	0.62	0.34	0.82	0.77		-0.59	0.76	0.74	0.79	0.79	0.54	0.78	0.78	0.75	0.8	0.91	0.75	-0.33	0.68	0.73	0.82	0.79	0.61	0.8	0.9
Net Debt	-0.62	-0.17	-0.44	-0.61	-0.64	-0.59		-0.54	-0.53	-0.82	-0.56	-0.26	-0.51	-0.82	-0.5	-0.61	-0.6	-0.47	0.6	-0.47	-0.69	-0.59	-0.65	-0.06	-0.64	-0.62
Retained Earnings	0.98	0.9	0.23	0.96	0.97	0.76	-0.54		0.99	0.91	0.97	0.93	0.97	0.86	1.0	0.93	0.85	0.94	-0.23	0.89	0.91	0.97	0.98	0.83	0.9	0.63
Accounts Payable	0.96	0.9	0.16	0.94	0.95	0.74	-0.53	0.99		0.91	0.95	0.93	0.98	0.83	0.99	0.9	0.81	0.93	-0.23	0.85	0.87	0.96	0.96	0.82	0.86	0.61
Cash	0.92	0.7	0.33	0.91	0.93	0.79	-0.82	0.91	0.91		0.9	0.75	0.89	0.93	0.89	0.88	0.85	0.83	-0.38	0.79	0.89	0.91	0.94	0.6	0.87	0.73
Non Current Assets Total	1.0	0.84	0.38	0.98	0.99	0.79	-0.56	0.97	0.95	0.9		0.85	0.92	0.92	0.98	0.99	0.91	0.94	-0.25	0.94	0.96	0.99	0.99	0.77	0.97	0.65
Non Currrent Assets Other	0.84	0.97	0.03	0.82	0.84	0.54	-0.26	0.93	0.93	0.75	0.85		0.89	0.63	0.93	0.76	0.66	0.83	-0.01	0.8	0.73	0.84	0.84	0.89	0.7	0.42
Other Assets	0.92	0.89	0.07	0.9	0.91	0.78	-0.51	0.97	0.98	0.89	0.92	0.89		0.79	0.96	0.87	0.82	0.94	-0.25	0.78	0.82	0.93	0.92	0.78	0.83	0.62
Cash And Short Term Investments	0.94	0.59	0.54	0.93	0.95	0.78	-0.82	0.86	0.83	0.93	0.92	0.63	0.79		0.86	0.95	0.88	0.83	-0.44	0.87	0.97	0.93	0.95	0.5	0.96	0.7
Net Receivables	0.98	0.91	0.26	0.96	0.97	0.75	-0.5	1.0	0.99	0.89	0.98	0.93	0.96	0.86		0.94	0.85	0.94	-0.21	0.91	0.91	0.98	0.98	0.84	0.91	0.61
Good Will	0.99	0.75	0.46	0.97	0.99	0.8	-0.61	0.93	0.9	0.88	0.99	0.76	0.87	0.95	0.94		0.92	0.92	-0.32	0.93	0.98	0.98	0.98	0.69	1.0	0.66
Common Stock Shares Outstanding	0.9	0.72	0.44	0.9	0.89	0.91	-0.6	0.85	0.81	0.85	0.91	0.66	0.82	0.88	0.85	0.92		0.85	-0.24	0.84	0.87	0.91	0.89	0.69	0.92	0.76
Non Current Liabilities Total	0.93	0.84	0.08	0.88	0.93	0.75	-0.47	0.94	0.93	0.83	0.94	0.83	0.94	0.83	0.94	0.92	0.85		-0.2	0.79	0.89	0.92	0.93	0.76	0.89	0.54
Inventory	-0.29	0.1	-0.31	-0.3	-0.3	-0.33	0.6	-0.23	-0.23	-0.38	-0.25	-0.01	-0.25	-0.44	-0.21	-0.32	-0.24	-0.2		-0.22	-0.35	-0.28	-0.32	0.1	-0.34	-0.39
Other Current Assets	0.93	0.78	0.6	0.95	0.93	0.68	-0.47	0.89	0.85	0.79	0.94	0.8	0.78	0.87	0.91	0.93	0.84	0.79	-0.22		0.92	0.94	0.93	0.73	0.93	0.6
Other Stockholder Equity	0.97	0.68	0.49	0.95	0.98	0.73	-0.69	0.91	0.87	0.89	0.96	0.73	0.82	0.97	0.91	0.98	0.87	0.89	-0.35	0.92		0.95	0.97	0.61	0.98	0.59
Total Liab	0.99	0.84	0.4	0.99	0.99	0.82	-0.59	0.97	0.96	0.91	0.99	0.84	0.93	0.93	0.98	0.98	0.91	0.92	-0.28	0.94	0.95		0.99	0.76	0.96	0.7
Total Current Assets	1.0	0.8	0.39	0.98	1.0	0.79	-0.65	0.98	0.96	0.94	0.99	0.84	0.92	0.95	0.98	0.98	0.89	0.93	-0.32	0.93	0.97	0.99		0.72	0.96	0.67
Short Term Debt	0.74	0.94	0.06	0.73	0.73	0.61	-0.06	0.83	0.82	0.6	0.77	0.89	0.78	0.5	0.84	0.69	0.69	0.76	0.1	0.73	0.61	0.76	0.72		0.64	0.48
Intangible Assets	0.97	0.7	0.53	0.96	0.97	0.8	-0.64	0.9	0.86	0.87	0.97	0.7	0.83	0.96	0.91	1.0	0.92	0.89	-0.34	0.93	0.98	0.96	0.96	0.64		0.67
Common Stock	0.66	0.48	0.45	0.73	0.64	0.9	-0.62	0.63	0.61	0.73	0.65	0.42	0.62	0.7	0.61	0.66	0.76	0.54	-0.39	0.6	0.59	0.7	0.67	0.48	0.67

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ROUTE MOBILE Account Relationship Matchups

ROUTE MOBILE fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.3B	10.2B	26.6B	28.9B	34.7B	36.5B
Short Long Term Debt Total	531.7M	199.7M	162.2M	1.4B	3.8B	4.0B
Other Current Liab	918.8M	703.1M	6.2B	(224.3M)	703.3M	1.0B
Total Current Liabilities	3.5B	3.6B	9.0B	7.8B	10.4B	10.9B
Total Stockholder Equity	2.7B	6.5B	16.7B	18.2B	21.5B	22.6B
Property Plant And Equipment Net	320.6M	378.6M	445.7M	679.2M	637.4M	342.2M
Net Debt	(274.6M)	(4.5B)	(3.9B)	(3.4B)	(1.6B)	(1.7B)
Retained Earnings	2.1B	3.4B	4.8B	7.3B	10.4B	11.0B
Accounts Payable	1.8B	2.4B	2.4B	4.7B	6.7B	7.1B
Cash	806.3M	4.7B	4.1B	4.8B	5.2B	5.5B
Non Current Assets Total	2.2B	2.5B	9.9B	11.0B	13.4B	14.1B
Non Currrent Assets Other	420.2M	512.9M	311.6M	1.1B	4.0B	4.2B
Other Assets	457.6M	559.4M	367M	1.2B	1.4B	1.4B
Cash And Short Term Investments	925.3M	4.8B	10.4B	9.2B	7.7B	8.1B
Net Receivables	2.1B	2.5B	5.2B	7.0B	10.7B	11.3B
Good Will	854.5M	902.5M	5.0B	5.2B	5.1B	5.4B
Liabilities And Stockholders Equity	6.3B	10.2B	26.6B	28.9B	34.7B	36.5B
Non Current Liabilities Total	120.8M	176.2M	813.9M	2.7B	2.4B	2.5B
Inventory	(106.7M)	(119.0M)	(128M)	(133.8M)	(138.8M)	1.05
Other Current Assets	1.2B	347.3M	6.3B	2.7B	6.2B	6.5B
Total Liab	3.6B	3.7B	9.8B	10.6B	13.0B	13.7B
Total Current Assets	4.0B	7.7B	16.7B	17.9B	21.3B	22.4B
Accumulated Other Comprehensive Income	84.7M	97.5M	305.7M	637M	686.2M	720.5M
Short Term Debt	438.3M	53.8M	39.2M	695.2M	2.2B	2.4B
Intangible Assets	590.3M	657.9M	4.1B	3.8B	3.5B	3.6B
Current Deferred Revenue	1.2B	891.3M	4.9B	2.2B	74.7M	71.0M
Short Term Investments	119.0M	128.0M	6.3B	4.3B	1.4B	1.5B
Other Liab	22.5M	27.4M	30.4M	690.9M	794.5M	834.3M
Net Tangible Assets	742.0M	1.3B	5.0B	7.6B	8.8B	9.2B
Property Plant Equipment	233.9M	320.8M	378.6M	445.7M	512.6M	327.1M
Long Term Debt	37.1M	34.1M	0.0	436.8M	1.4B	1.4B
Capital Lease Obligations	115.1M	160.0M	162.2M	339.6M	288.5M	229.1M
Net Invested Capital	3.1B	6.6B	16.7B	19.3B	25.0B	26.2B
Short Long Term Debt	379.5M	5.6M	0.0	624.7M	2.1B	2.3B
Net Working Capital	578.2M	4.1B	7.7B	10.0B	11.0B	11.5B

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Balance Sheet is a snapshot of the financial position of ROUTE MOBILE LIMITED at a specified time, usually calculated after every quarter, six months, or one year. ROUTE MOBILE Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ROUTE MOBILE and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which ROUTE currently owns. An asset can also be divided into two categories, current and non-current.

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ROUTE Retained Earnings vs Total Assets Analysis

Retained Earnings vs Total Assets

Retained Earnings vs Total Assets Correlation Analysis

Correlation Coefficient

Retained Earnings

Total Assets

ROUTE MOBILE fundamental ratios Correlations

ROUTE MOBILE Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ROUTE MOBILE fundamental ratios Accounts

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Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Stockholder Equity
Net Receivables	+ 1.0	Retained Earnings
Intangible Assets	+ 1.0	Good Will

Cash And Short Term Investments	- 0.82	Net Debt
Cash	- 0.82	Net Debt
Other Stockholder Equity	- 0.69	Net Debt
Total Current Assets	- 0.65	Net Debt
Intangible Assets	- 0.64	Net Debt
Net Debt	- 0.64	Total Stockholder Equity