RTX Stock | | | USD 120.77 0.24 0.20% |
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 Property Plant And Equipment Net and its Retained Earnings 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.
Property Plant And Equipment Net vs Retained Earnings
Property Plant And Equipment Net vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Raytheon Technologies Property Plant And Equipment Net account and
Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between Raytheon Technologies' Property Plant And Equipment Net and Retained Earnings is 0.72. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Retained Earnings 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' Property Plant And Equipment Net and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Raytheon Technologies Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Property Plant And Equipment Net i.e., Raytheon Technologies' Property Plant And Equipment Net and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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.
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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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
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