Recursion Total Assets vs Net Receivables Analysis

RXRX Stock  USD 5.89  0.11  1.83%   
Recursion Pharmaceuticals financial indicator trend analysis is much more than just breaking down Recursion Pharmaceuticals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Recursion Pharmaceuticals is a good investment. Please check the relationship between Recursion Pharmaceuticals Total Assets and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Recursion Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Recursion Stock please use our How to Invest in Recursion Pharmaceuticals guide.

Total Assets vs Net Receivables

Total Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Recursion Pharmaceuticals Total Assets account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Recursion Pharmaceuticals' Total Assets and Net Receivables is 0.78. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Recursion Pharmaceuticals, assuming nothing else is changed. The correlation between historical values of Recursion Pharmaceuticals' Total Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Recursion Pharmaceuticals are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Assets i.e., Recursion Pharmaceuticals' Total Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.78
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Assets

Total assets refers to the total amount of Recursion Pharmaceuticals 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 Recursion Pharmaceuticals 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.

Net Receivables

Most indicators from Recursion Pharmaceuticals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Recursion Pharmaceuticals 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 Recursion Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Recursion Stock please use our How to Invest in Recursion Pharmaceuticals guide.At this time, Recursion Pharmaceuticals' Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to rise to about 1.9 B in 2024, whereas Selling General Administrative is likely to drop slightly above 64.7 M in 2024.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization8.4M11.8M24.4M25.6M
Interest Income73K6.3M18.3M19.2M

Recursion Pharmaceuticals fundamental ratios Correlations

0.760.970.960.950.840.940.94-0.96-0.880.940.960.830.960.62-0.980.980.780.73-0.530.86-0.860.770.92-0.250.95
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-0.53-0.4-0.45-0.51-0.77-0.36-0.73-0.590.350.49-0.64-0.36-0.5-0.72-0.530.65-0.49-0.69-0.44-0.510.56-0.45-0.70.95-0.77
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-0.86-0.76-0.89-0.87-0.83-0.93-0.93-0.880.810.99-0.85-0.8-0.99-0.83-0.220.91-0.79-0.63-0.950.56-0.83-0.98-0.970.33-0.83
0.770.770.810.810.710.940.850.82-0.74-0.980.780.730.990.70.03-0.810.670.470.97-0.450.8-0.980.91-0.240.71
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Recursion Pharmaceuticals Account Relationship Matchups

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