Raytheon Depreciation And Amortization vs Cost Of Revenue Analysis

RTX Stock

USD 121.83 1.49 1.24%

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 Depreciation And Amortization and its Cost Of Revenue 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.

Depreciation And Amortization vs Cost Of Revenue

Depreciation And Amortization vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Raytheon Technologies Depreciation And Amortization account and Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.

The correlation between Raytheon Technologies' Depreciation And Amortization and Cost Of Revenue is 0.62. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Cost Of Revenue 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' Depreciation And Amortization and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Raytheon Technologies Corp are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Depreciation And Amortization i.e., Raytheon Technologies' Depreciation And Amortization and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.62

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

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.

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).

	2021	2022	2023	2024 (projected)
Interest Expense	1.3B	1.3B	1.5B	1.6B
Depreciation And Amortization	4.3B	3.8B	4.2B	4.4B

Interest Expense Depreciation And Amortization

Raytheon Technologies 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	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	Accounts Payable	Common Stock	Good Will	Common Stock Total Equity
Total Assets		0.9	0.82	0.96	0.94	0.99	0.87	0.78	0.49	1.0	0.16	0.49	0.98	0.63	0.91	0.6	0.73	-0.23	0.96	0.97	0.19	0.98	0.7	0.95	0.89	0.93
Short Long Term Debt Total	0.9		0.72	0.9	0.71	0.88	0.99	0.82	0.39	0.9	0.39	0.39	0.91	0.32	0.96	0.59	0.54	-0.47	0.97	0.88	0.52	0.83	0.75	0.77	0.78	0.78
Other Current Liab	0.82	0.72		0.91	0.78	0.83	0.7	0.55	0.24	0.79	-0.01	0.24	0.88	0.6	0.65	0.38	0.85	-0.16	0.79	0.89	-0.04	0.77	0.39	0.85	0.61	0.89
Total Current Liabilities	0.96	0.9	0.91		0.88	0.96	0.89	0.73	0.35	0.94	0.13	0.35	0.98	0.59	0.85	0.55	0.81	-0.28	0.95	0.98	0.16	0.92	0.61	0.93	0.78	0.95
Total Stockholder Equity	0.94	0.71	0.78	0.88		0.95	0.68	0.59	0.43	0.94	-0.11	0.43	0.92	0.82	0.72	0.46	0.79	0.06	0.82	0.9	-0.09	0.97	0.55	0.98	0.86	0.94
Property Plant And Equipment Net	0.99	0.88	0.83	0.96	0.95		0.85	0.72	0.44	0.99	0.07	0.44	0.98	0.68	0.86	0.53	0.76	-0.16	0.94	0.96	0.16	0.98	0.65	0.97	0.87	0.95
Net Debt	0.87	0.99	0.7	0.89	0.68	0.85		0.75	0.28	0.87	0.35	0.28	0.89	0.32	0.93	0.55	0.54	-0.43	0.95	0.84	0.53	0.8	0.71	0.74	0.75	0.76
Retained Earnings	0.78	0.82	0.55	0.73	0.59	0.72	0.75		0.72	0.77	0.68	0.72	0.74	0.1	0.89	0.74	0.29	-0.75	0.86	0.78	0.52	0.66	0.83	0.6	0.69	0.56
Cash	0.49	0.39	0.24	0.35	0.43	0.44	0.28	0.72		0.49	0.49	1.0	0.4	0.16	0.55	0.65	0.05	-0.48	0.48	0.47	0.26	0.43	0.75	0.39	0.6	0.3
Non Current Assets Total	1.0	0.9	0.79	0.94	0.94	0.99	0.87	0.77	0.49		0.16	0.49	0.98	0.64	0.91	0.59	0.7	-0.2	0.96	0.95	0.2	0.98	0.71	0.94	0.91	0.92
Non Currrent Assets Other	0.16	0.39	-0.01	0.13	-0.11	0.07	0.35	0.68	0.49	0.16		0.49	0.13	-0.52	0.49	0.64	-0.34	-0.86	0.35	0.17	0.75	-0.02	0.63	-0.12	0.21	-0.16
Cash And Short Term Investments	0.49	0.39	0.24	0.35	0.43	0.44	0.28	0.72	1.0	0.49	0.49		0.4	0.16	0.55	0.65	0.05	-0.48	0.48	0.47	0.26	0.43	0.75	0.39	0.6	0.3
Net Receivables	0.98	0.91	0.88	0.98	0.92	0.98	0.89	0.74	0.4	0.98	0.13	0.4		0.64	0.87	0.55	0.77	-0.23	0.96	0.98	0.16	0.95	0.66	0.96	0.84	0.95
Common Stock Shares Outstanding	0.63	0.32	0.6	0.59	0.82	0.68	0.32	0.1	0.16	0.64	-0.52	0.16	0.64		0.28	0.19	0.73	0.48	0.43	0.58	-0.45	0.74	0.24	0.8	0.66	0.78
Non Current Liabilities Total	0.91	0.96	0.65	0.85	0.72	0.86	0.93	0.89	0.55	0.91	0.49	0.55	0.87	0.28		0.69	0.47	-0.51	0.97	0.87	0.52	0.83	0.82	0.74	0.83	0.71
Inventory	0.6	0.59	0.38	0.55	0.46	0.53	0.55	0.74	0.65	0.59	0.64	0.65	0.55	0.19	0.69		0.29	-0.52	0.65	0.61	0.4	0.49	0.88	0.41	0.71	0.36
Other Current Assets	0.73	0.54	0.85	0.81	0.79	0.76	0.54	0.29	0.05	0.7	-0.34	0.05	0.77	0.73	0.47	0.29		0.17	0.64	0.81	-0.31	0.75	0.2	0.82	0.52	0.87
Other Stockholder Equity	-0.23	-0.47	-0.16	-0.28	0.06	-0.16	-0.43	-0.75	-0.48	-0.2	-0.86	-0.48	-0.23	0.48	-0.51	-0.52	0.17		-0.43	-0.3	-0.64	-0.06	-0.56	-0.01	-0.13	-0.03
Total Liab	0.96	0.97	0.79	0.95	0.82	0.94	0.95	0.86	0.48	0.96	0.35	0.48	0.96	0.43	0.97	0.65	0.64	-0.43		0.95	0.38	0.9	0.76	0.85	0.84	0.84
Total Current Assets	0.97	0.88	0.89	0.98	0.9	0.96	0.84	0.78	0.47	0.95	0.17	0.47	0.98	0.58	0.87	0.61	0.81	-0.3	0.95		0.13	0.92	0.65	0.93	0.8	0.93
Short Term Debt	0.19	0.52	-0.04	0.16	-0.09	0.16	0.53	0.52	0.26	0.2	0.75	0.26	0.16	-0.45	0.52	0.4	-0.31	-0.64	0.38	0.13		0.06	0.57	-0.06	0.26	-0.07
Intangible Assets	0.98	0.83	0.77	0.92	0.97	0.98	0.8	0.66	0.43	0.98	-0.02	0.43	0.95	0.74	0.83	0.49	0.75	-0.06	0.9	0.92	0.06		0.62	0.97	0.89	0.94
Accounts Payable	0.7	0.75	0.39	0.61	0.55	0.65	0.71	0.83	0.75	0.71	0.63	0.75	0.66	0.24	0.82	0.88	0.2	-0.56	0.76	0.65	0.57	0.62		0.54	0.84	0.48
Common Stock	0.95	0.77	0.85	0.93	0.98	0.97	0.74	0.6	0.39	0.94	-0.12	0.39	0.96	0.8	0.74	0.41	0.82	-0.01	0.85	0.93	-0.06	0.97	0.54		0.82	0.99
Good Will	0.89	0.78	0.61	0.78	0.86	0.87	0.75	0.69	0.6	0.91	0.21	0.6	0.84	0.66	0.83	0.71	0.52	-0.13	0.84	0.8	0.26	0.89	0.84	0.82		0.76
Common Stock Total Equity	0.93	0.78	0.89	0.95	0.94	0.95	0.76	0.56	0.3	0.92	-0.16	0.3	0.95	0.78	0.71	0.36	0.87	-0.03	0.84	0.93	-0.07	0.94	0.48	0.99	0.76

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Raytheon Technologies Account Relationship Matchups

Raytheon Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	139.7B	162.2B	161.4B	158.9B	161.9B	170.0B
Short Long Term Debt Total	45.8B	33.3B	33.1B	33.5B	45.2B	47.5B
Other Current Liab	11.7B	13.5B	12.8B	13.4B	17.4B	18.3B
Total Current Liabilities	34.6B	35.8B	35.4B	39.1B	46.8B	49.1B
Total Stockholder Equity	41.8B	72.2B	73.1B	72.6B	59.8B	62.8B
Property Plant And Equipment Net	15.4B	16.8B	16.9B	17.0B	17.4B	18.3B
Net Debt	38.4B	24.5B	25.3B	27.3B	38.7B	40.6B
Retained Earnings	61.6B	49.4B	50.3B	52.3B	52.2B	54.8B
Cash	7.4B	8.8B	7.8B	6.2B	6.6B	3.5B
Non Current Assets Total	102.2B	118.8B	119.4B	116.4B	113.5B	119.1B
Non Currrent Assets Other	12.8B	4.0B	6.6B	6.2B	7.0B	5.6B
Cash And Short Term Investments	7.4B	8.8B	7.8B	6.2B	6.6B	3.5B
Net Receivables	17.7B	19.2B	21.0B	20.6B	23.0B	24.1B
Common Stock Shares Outstanding	863.9M	1.4B	1.5B	1.5B	1.4B	1.1B
Liabilities And Stockholders Equity	139.7B	162.2B	161.4B	158.9B	161.9B	170.0B
Non Current Liabilities Total	60.8B	52.4B	51.3B	45.5B	53.7B	56.3B
Inventory	11.0B	9.4B	9.2B	10.6B	11.8B	6.9B
Other Current Assets	1.5B	6.0B	4.0B	5.0B	7.1B	7.4B
Other Stockholder Equity	(32.6B)	(10.5B)	(12.8B)	(15.6B)	(27.0B)	(25.6B)
Total Liab	95.4B	88.3B	86.7B	84.7B	100.4B	105.4B
Total Current Assets	37.5B	43.4B	42.1B	42.4B	48.4B	50.8B
Short Term Debt	5.9B	797M	158M	1.2B	1.5B	1.3B
Intangible Assets	26.0B	40.5B	38.5B	36.8B	35.4B	37.2B
Accounts Payable	10.8B	8.6B	8.8B	9.9B	10.7B	5.4B
Accumulated Other Comprehensive Income	(10.1B)	(3.7B)	(1.9B)	(2.0B)	(2.4B)	(2.5B)
Common Stock	23.0B	36.9B	37.4B	37.9B	37.1B	38.9B
Good Will	48.1B	54.3B	54.4B	53.8B	53.7B	29.8B
Common Stock Total Equity	23.0B	36.9B	37.5B	37.9B	43.6B	45.8B
Property Plant And Equipment Gross	15.4B	16.8B	16.9B	17.0B	33.0B	34.7B
Net Tangible Assets	(32.2B)	(22.6B)	(19.9B)	(18.0B)	(16.2B)	(17.0B)
Current Deferred Revenue	6.2B	12.9B	13.7B	14.6B	17.2B	9.2B
Noncontrolling Interest In Consolidated Entity	2.5B	1.7B	1.6B	1.5B	1.8B	1.8B
Retained Earnings Total Equity	61.6B	49.4B	50.3B	52.3B	60.1B	54.2B
Long Term Debt Total	37.8B	31.0B	31.3B	30.7B	35.3B	29.7B
Long Term Investments	3.5B	3.1B	2.8B	2.6B	2.4B	2.3B
Treasury Stock	(32.6B)	(10.4B)	(12.7B)	(15.5B)	(17.9B)	(18.8B)
Non Current Liabilities Other	23.0B	21.4B	10.4B	8.4B	7.5B	12.1B
Property Plant Equipment	12.8B	15.0B	16.9B	17.0B	19.5B	12.9B

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Raytheon Depreciation And Amortization vs Cost Of Revenue Analysis

Depreciation And Amortization vs Cost Of Revenue

Depreciation And Amortization vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Depreciation And Amortization

Cost Of Revenue

Raytheon Technologies fundamental ratios Correlations

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

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Common Stock Total Equity	+ 0.99	Common Stock

Other Stockholder Equity	- 0.86	Non Currrent Assets Other
Other Stockholder Equity	- 0.75	Retained Earnings
Short Term Debt	- 0.64	Other Stockholder Equity
Accounts Payable	- 0.56	Other Stockholder Equity
Other Stockholder Equity	- 0.52	Inventory
Common Stock Shares Outstanding	- 0.52	Non Currrent Assets Other