RTX Stock | | | USD 120.34 0.27 0.22% |
Raytheon Technologies financial indicator trend analysis is much more than just breaking down Raytheon Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Raytheon Technologies is a good investment. Please check the relationship between Raytheon Technologies Cost Of Revenue and its Revenue Per Share accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raytheon Technologies Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Cost Of Revenue vs Revenue Per Share
Cost Of Revenue vs Revenue Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Raytheon Technologies Cost Of Revenue account and
Revenue Per Share. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Raytheon Technologies' Cost Of Revenue and Revenue Per Share is 0.56. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Revenue Per Share in the same time period over historical financial statements of Raytheon Technologies Corp, assuming nothing else is changed. The correlation between historical values of Raytheon Technologies' Cost Of Revenue and Revenue Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Raytheon Technologies Corp are associated (or correlated) with its Revenue Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Revenue Per Share has no effect on the direction of Cost Of Revenue i.e., Raytheon Technologies' Cost Of Revenue and Revenue Per Share go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cost Of Revenue
Cost of Revenue is found on Raytheon Technologies income statement and represents the costs associated with goods and services Raytheon Technologies provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Revenue Per Share
The amount of revenue generated by a company per share of stock, calculated by dividing total revenue by the average number of shares outstanding.
Most indicators from Raytheon Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Raytheon Technologies 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 Raytheon Technologies Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Raytheon Technologies'
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.07 in 2024, despite the fact that
Discontinued Operations is likely to grow to (16.2
M).
Raytheon Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Raytheon Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Raytheon Technologies fundamental ratios Accounts
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Additional Tools for Raytheon Stock Analysis
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measure Raytheon Technologies' 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 Raytheon Technologies is operating at the current time. Most of Raytheon Technologies' value examination focuses on studying past and present price action to
predict the probability of Raytheon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Raytheon Technologies' price. Additionally, you may evaluate how the addition of Raytheon Technologies to your portfolios can decrease your overall portfolio volatility.