RWL Stock | | | 0.34 0.01 3.03% |
Rubicon Water financial indicator trend analysis is much more than just breaking down Rubicon Water prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rubicon Water is a good investment. Please check the relationship between Rubicon Water Net Receivables and its Depreciation And Amortization accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rubicon Water. 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.
Net Receivables vs Depreciation And Amortization
Net Receivables vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Rubicon Water Net Receivables account and
Depreciation And Amortization. At this time, the significance of the direction appears to have strong relationship.
The correlation between Rubicon Water's Net Receivables and Depreciation And Amortization is 0.76. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Rubicon Water, assuming nothing else is changed. The correlation between historical values of Rubicon Water's Net Receivables 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 Net Receivables of Rubicon Water 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 Net Receivables i.e., Rubicon Water's Net Receivables and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Receivables
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 Rubicon Water's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rubicon Water 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 Rubicon Water. 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.
Tax Provision is likely to gain to about (1.8
M) in 2024.
Selling General Administrative is likely to drop to about 14.1
M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) |
Depreciation And Amortization | 2.6M | 2.6M | 2.4M | 2.6M | Interest Income | 905K | 2.0M | 2.3M | 2.4M |
Rubicon Water fundamental ratios Correlations
Click cells to compare fundamentals
Rubicon Water Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Rubicon Water fundamental ratios Accounts
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