Royal Inventory Turnover vs Free Cash Flow Per Share Analysis

RY Stock

CAD 175.80 0.03 0.02%

Royal Bank financial indicator trend analysis is much more than just breaking down Royal Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royal Bank is a good investment. Please check the relationship between Royal Bank Inventory Turnover and its Free Cash Flow Per Share accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Bank of. 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.

Inventory Turnover vs Free Cash Flow Per Share

Inventory Turnover vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royal Bank Inventory Turnover account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have weak relationship.

The correlation between Royal Bank's Inventory Turnover and Free Cash Flow Per Share is 0.39. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Royal Bank of, assuming nothing else is changed. The correlation between historical values of Royal Bank's Inventory Turnover and Free Cash Flow 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 Inventory Turnover of Royal Bank of are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Inventory Turnover i.e., Royal Bank's Inventory Turnover and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

0.39

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Most indicators from Royal Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royal Bank 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 Royal Bank of. 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, Royal Bank's Issuance Of Capital Stock is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Over EBITDA is likely to grow to 20.28, while Selling General Administrative is likely to drop about 3.8 B.

	2021	2022	2023	2024 (projected)
Interest Expense	18.1B	61.9B	71.1B	74.7B
Depreciation And Amortization	2.6B	2.9B	3.3B	3.5B

Interest Expense Depreciation And Amortization

Royal Bank 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Assets	Short Term Debt	Common Stock Total Equity	Common Stock	Good Will
Total Assets		0.89	0.7	0.79	1.0	0.87	0.72	1.0	0.9	0.86	0.79	0.72	0.9	0.97	0.51	0.78	0.82	-0.55	1.0	0.87	0.61	-0.21	0.57	0.72	0.75	0.84
Short Long Term Debt Total	0.89		0.78	0.84	0.89	0.84	0.93	0.91	0.92	0.81	0.82	0.83	0.71	0.93	0.32	0.84	0.91	-0.57	0.89	0.92	0.56	-0.38	0.37	0.48	0.55	0.67
Other Current Liab	0.7	0.78		0.99	0.72	0.59	0.83	0.72	0.87	0.45	0.99	0.99	0.42	0.77	0.4	0.99	0.73	-0.37	0.7	0.7	0.22	-0.84	0.66	0.23	0.36	0.42
Total Current Liabilities	0.79	0.84	0.99		0.8	0.67	0.83	0.81	0.91	0.55	1.0	0.99	0.53	0.85	0.41	1.0	0.77	-0.39	0.79	0.75	0.32	-0.76	0.7	0.32	0.44	0.52
Total Stockholder Equity	1.0	0.89	0.72	0.8		0.84	0.74	1.0	0.89	0.84	0.8	0.74	0.88	0.97	0.53	0.79	0.84	-0.54	1.0	0.85	0.58	-0.23	0.59	0.73	0.76	0.85
Property Plant And Equipment Net	0.87	0.84	0.59	0.67	0.84		0.6	0.87	0.81	0.96	0.66	0.62	0.88	0.88	0.23	0.67	0.71	-0.58	0.87	0.94	0.77	-0.17	0.26	0.47	0.51	0.62
Net Debt	0.72	0.93	0.83	0.83	0.74	0.6		0.75	0.85	0.56	0.83	0.87	0.44	0.77	0.33	0.86	0.89	-0.51	0.72	0.77	0.28	-0.55	0.34	0.32	0.41	0.51
Retained Earnings	1.0	0.91	0.72	0.81	1.0	0.87	0.75		0.91	0.87	0.8	0.75	0.88	0.98	0.47	0.8	0.85	-0.54	1.0	0.89	0.62	-0.24	0.55	0.69	0.72	0.82
Accounts Payable	0.9	0.92	0.87	0.91	0.89	0.81	0.85	0.91		0.73	0.91	0.89	0.69	0.95	0.43	0.91	0.82	-0.53	0.9	0.87	0.44	-0.51	0.53	0.46	0.54	0.63
Cash	0.86	0.81	0.45	0.55	0.84	0.96	0.56	0.87	0.73		0.54	0.5	0.91	0.85	0.19	0.56	0.76	-0.6	0.86	0.93	0.82	0.03	0.16	0.55	0.57	0.68
Non Current Assets Total	0.79	0.82	0.99	1.0	0.8	0.66	0.83	0.8	0.91	0.54		0.99	0.53	0.84	0.44	0.99	0.75	-0.4	0.78	0.75	0.3	-0.77	0.7	0.33	0.45	0.52
Non Currrent Assets Other	0.72	0.83	0.99	0.99	0.74	0.62	0.87	0.75	0.89	0.5	0.99		0.44	0.8	0.36	0.99	0.78	-0.41	0.72	0.74	0.27	-0.81	0.62	0.24	0.37	0.45
Cash And Short Term Investments	0.9	0.71	0.42	0.53	0.88	0.88	0.44	0.88	0.69	0.91	0.53	0.44		0.83	0.41	0.51	0.64	-0.6	0.91	0.77	0.78	0.08	0.42	0.76	0.74	0.82
Net Receivables	0.97	0.93	0.77	0.85	0.97	0.88	0.77	0.98	0.95	0.85	0.84	0.8	0.83		0.42	0.84	0.83	-0.49	0.97	0.91	0.59	-0.33	0.54	0.6	0.65	0.76
Common Stock Shares Outstanding	0.51	0.32	0.4	0.41	0.53	0.23	0.33	0.47	0.43	0.19	0.44	0.36	0.41	0.42		0.41	0.3	-0.31	0.51	0.24	0.02	-0.16	0.58	0.7	0.69	0.61
Non Current Liabilities Total	0.78	0.84	0.99	1.0	0.79	0.67	0.86	0.8	0.91	0.56	0.99	0.99	0.51	0.84	0.41		0.79	-0.41	0.78	0.77	0.31	-0.77	0.65	0.31	0.43	0.51
Other Current Assets	0.82	0.91	0.73	0.77	0.84	0.71	0.89	0.85	0.82	0.76	0.75	0.78	0.64	0.83	0.3	0.79		-0.66	0.82	0.85	0.5	-0.33	0.32	0.47	0.53	0.64
Other Stockholder Equity	-0.55	-0.57	-0.37	-0.39	-0.54	-0.58	-0.51	-0.54	-0.53	-0.6	-0.4	-0.41	-0.6	-0.49	-0.31	-0.41	-0.66		-0.55	-0.56	-0.48	0.08	-0.08	-0.5	-0.51	-0.5
Total Liab	1.0	0.89	0.7	0.79	1.0	0.87	0.72	1.0	0.9	0.86	0.78	0.72	0.91	0.97	0.51	0.78	0.82	-0.55		0.87	0.62	-0.21	0.57	0.72	0.75	0.84
Property Plant And Equipment Gross	0.87	0.92	0.7	0.75	0.85	0.94	0.77	0.89	0.87	0.93	0.75	0.74	0.77	0.91	0.24	0.77	0.85	-0.56	0.87		0.65	-0.29	0.22	0.42	0.48	0.59
Total Current Assets	0.61	0.56	0.22	0.32	0.58	0.77	0.28	0.62	0.44	0.82	0.3	0.27	0.78	0.59	0.02	0.31	0.5	-0.48	0.62	0.65		0.13	0.1	0.53	0.57	0.67
Other Assets	-0.21	-0.38	-0.84	-0.76	-0.23	-0.17	-0.55	-0.24	-0.51	0.03	-0.77	-0.81	0.08	-0.33	-0.16	-0.77	-0.33	0.08	-0.21	-0.29	0.13		-0.52	0.22	0.06	0.04
Short Term Debt	0.57	0.37	0.66	0.7	0.59	0.26	0.34	0.55	0.53	0.16	0.7	0.62	0.42	0.54	0.58	0.65	0.32	-0.08	0.57	0.22	0.1	-0.52		0.47	0.52	0.54
Common Stock Total Equity	0.72	0.48	0.23	0.32	0.73	0.47	0.32	0.69	0.46	0.55	0.33	0.24	0.76	0.6	0.7	0.31	0.47	-0.5	0.72	0.42	0.53	0.22	0.47		0.98	0.95
Common Stock	0.75	0.55	0.36	0.44	0.76	0.51	0.41	0.72	0.54	0.57	0.45	0.37	0.74	0.65	0.69	0.43	0.53	-0.51	0.75	0.48	0.57	0.06	0.52	0.98		0.97
Good Will	0.84	0.67	0.42	0.52	0.85	0.62	0.51	0.82	0.63	0.68	0.52	0.45	0.82	0.76	0.61	0.51	0.64	-0.5	0.84	0.59	0.67	0.04	0.54	0.95	0.97

Click cells to compare fundamentals

Royal Bank Account Relationship Matchups

Royal Bank fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6T	1.7T	1.9T	2.0T	2.3T	2.4T
Short Long Term Debt Total	109.2B	305.0B	425.2B	439.4B	505.3B	530.5B
Other Current Liab	(90.1B)	(14.5B)	(20.1B)	807.6B	928.7B	975.2B
Total Current Liabilities	90.1B	110.0B	159.6B	943.3B	1.1T	1.1T
Total Stockholder Equity	86.7B	98.7B	108.1B	117.7B	135.3B	142.1B
Property Plant And Equipment Net	7.9B	7.4B	7.2B	6.7B	7.8B	8.1B
Net Debt	(148.0B)	111.6B	244.8B	306.3B	352.2B	369.8B
Retained Earnings	59.8B	71.8B	78.0B	84.3B	97.0B	101.8B
Accounts Payable	9.5B	10.5B	17.3B	20.6B	23.7B	24.9B
Cash	157.9B	193.5B	180.4B	133.1B	153.0B	160.7B
Non Current Assets Total	299.8B	308.1B	344.5B	1.9T	2.2T	2.3T
Non Currrent Assets Other	(299.8B)	(2.0B)	(1.5B)	1.5T	1.7T	1.8T
Cash And Short Term Investments	297.6B	231.0B	240.6B	212.0B	243.8B	256.0B
Net Receivables	18.6B	22.5B	26.2B	29.9B	34.3B	36.1B
Common Stock Shares Outstanding	1.4B	1.4B	1.4B	1.4B	1.6B	1.5B
Liabilities And Stockholders Equity	1.6T	1.7T	1.9T	2.0T	2.3T	2.4T
Non Current Liabilities Total	12.9B	209.1B	159.6B	1.0T	1.2T	1.2T
Other Current Assets	102.2B	786.4B	867.4B	875.6B	1.0T	1.1T
Other Stockholder Equity	(132M)	(112M)	(339M)	(240M)	(216M)	(205.2M)
Total Liab	1.5T	1.6T	1.8T	1.9T	2.2T	2.3T
Property Plant And Equipment Gross	7.9B	15.1B	12.4B	12.8B	14.8B	15.5B
Total Current Assets	316.3B	253.6B	266.8B	241.9B	278.2B	151.5B
Other Assets	1.0T	1.1T	1.3T	(182.9B)	(210.3B)	(199.8B)
Short Term Debt	80.6B	631M	654M	112.1B	128.9B	135.4B
Accumulated Other Comprehensive Income	3.4B	2.5B	5.7B	6.9B	7.9B	8.3B
Common Stock	17.5B	17.7B	17.3B	19.4B	22.3B	15.0B
Good Will	11.3B	10.9B	12.3B	12.6B	14.5B	10.3B
Short Term Investments	139.7B	37.5B	60.2B	78.9B	90.8B	82.7B
Intangible Assets	4.8B	4.5B	6.1B	5.9B	6.8B	3.6B
Current Deferred Revenue	2.9B	3.5B	3.7B	3.8B	4.4B	4.6B
Other Liab	25.2B	28.3B	29.3B	26.3B	30.3B	28.1B
Net Tangible Assets	61.9B	64.7B	76.7B	82.4B	94.7B	64.3B
Long Term Debt	23.2B	33.3B	12.3B	323.1B	371.6B	390.2B
Long Term Investments	280.8B	285.4B	318.9B	410.2B	471.8B	257.1B
Short Long Term Debt	80.0B	98.9B	142.3B	111.5B	128.2B	138.9B
Property Plant Equipment	3.2B	7.9B	7.4B	7.2B	8.3B	4.8B
Long Term Debt Total	9.8B	28.5B	38.3B	17.4B	20.0B	17.8B
Earning Assets	664.6B	741.3B	795.7B	825.0B	948.8B	742.9B

Pair Trading with Royal Bank

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Royal Bank position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Royal Bank will appreciate offsetting losses from the drop in the long position's value.

Moving together with Royal Stock

0.8	RY-PS	Royal Bank Earnings Call This Week	Pair Corr
0.82	RY-PM	Royal Bank Earnings Call This Week	Pair Corr
0.76	TD-PFI	Toronto Dominion Bank Earnings Call This Week	Pair Corr

Moving against Royal Stock

0.54

Toronto Dominion Bank Earnings Call This Week

Pair Corr

The ability to find closely correlated positions to Royal Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Royal Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Royal Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Royal Bank of to buy it.

The correlation of Royal Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Royal Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Royal Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Royal Bank can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Royal Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Royal Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Royal Bank Of Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Royal Bank Of Stock:

How To Invest In Royal

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Is Royal Stock a good investment?

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What is Royal Bank's Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Bank of. 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.

You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Please note, there is a significant difference between Royal Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royal Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royal Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Royal Inventory Turnover vs Free Cash Flow Per Share Analysis

Inventory Turnover vs Free Cash Flow Per Share

Inventory Turnover vs Free Cash Flow Per Share Correlation Analysis

Correlation Coefficient

Inventory Turnover

Free Cash Flow Per Share

Royal Bank fundamental ratios Correlations

Royal Bank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Royal Bank fundamental ratios Accounts

Pair Trading with Royal Bank

Moving together with Royal Stock

Moving against Royal Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Current Liabilities
Non Current Liabilities Total	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity

Other Assets	- 0.84	Other Current Liab
Other Assets	- 0.81	Non Currrent Assets Other
Other Assets	- 0.77	Non Current Liabilities Total
Other Assets	- 0.77	Non Current Assets Total
Other Assets	- 0.76	Total Current Liabilities
Other Stockholder Equity	- 0.66	Other Current Assets