Royal Book Value Per Share vs Average Inventory Analysis

RYR Stock

CAD 0.11 0.01 8.33%

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

Book Value Per Share vs Average Inventory

Book Value Per Share vs Average Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royal Road Minerals Book Value Per Share account and Average Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Royal Road's Book Value Per Share and Average Inventory is -0.24. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Average Inventory in the same time period over historical financial statements of Royal Road Minerals, assuming nothing else is changed. The correlation between historical values of Royal Road's Book Value Per Share and Average Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Royal Road Minerals are associated (or correlated) with its Average Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Inventory has no effect on the direction of Book Value Per Share i.e., Royal Road's Book Value Per Share and Average Inventory go up and down completely randomly.

Correlation Coefficient

-0.24

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

Most indicators from Royal Road's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royal Road Minerals 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 Road Minerals. 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.

Sales General And Administrative To Revenue is likely to climb to 8,197 in 2024, whereas Discontinued Operations is likely to drop (45.2 K) in 2024.

Royal Road fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Other Current Liab	Inventory	Other Current Assets	Non Currrent Assets Other	Net Invested Capital	Net Working Capital
Total Assets		0.42	1.0	0.44	0.8	0.76	-0.96	-0.44	0.51	0.96	0.78	0.96	0.67	0.83	0.77	0.87	0.46	0.96	0.85	0.72	0.79	-0.58	-0.39	0.08	0.98	0.96
Total Current Liabilities	0.42		0.39	0.42	0.24	0.25	-0.4	-0.03	0.93	0.4	0.25	0.39	0.19	0.2	0.57	0.24	1.0	0.43	0.23	0.01	0.5	-0.05	0.03	0.02	0.39	0.42
Total Stockholder Equity	1.0	0.39		0.44	0.8	0.77	-0.96	-0.44	0.49	0.96	0.78	0.96	0.68	0.84	0.76	0.88	0.42	0.96	0.85	0.73	0.78	-0.59	-0.4	0.08	0.98	0.95
Other Liab	0.44	0.42	0.44		0.44	0.44	-0.29	-0.6	0.52	0.29	0.46	0.36	0.63	0.66	0.09	0.68	0.4	0.38	0.65	0.48	0.15	-0.79	-0.81	0.02	0.38	0.4
Net Tangible Assets	0.8	0.24	0.8	0.44		0.4	-0.7	-0.83	0.53	0.72	0.44	0.8	0.87	0.88	0.58	0.86	0.28	0.8	0.89	0.74	0.58	-0.61	-0.53	0.08	0.82	0.85
Property Plant And Equipment Net	0.76	0.25	0.77	0.44	0.4		-0.64	-0.26	0.18	0.64	1.0	0.57	0.5	0.66	0.3	0.68	0.26	0.58	0.65	0.78	0.37	-0.57	-0.33	0.05	0.69	0.54
Net Debt	-0.96	-0.4	-0.96	-0.29	-0.7	-0.64		0.26	-0.47	-1.0	-0.66	-0.98	-0.51	-0.7	-0.86	-0.76	-0.45	-0.97	-0.72	-0.54	-0.89	0.45	0.27	-0.09	-0.96	-0.96
Retained Earnings	-0.44	-0.03	-0.44	-0.6	-0.83	-0.26	0.26		-0.33	-0.27	-0.29	-0.39	-0.87	-0.79	-0.04	-0.74	-0.03	-0.39	-0.79	-0.72	-0.1	0.71	0.74	-0.09	-0.44	-0.46
Accounts Payable	0.51	0.93	0.49	0.52	0.53	0.18	-0.47	-0.33		0.48	0.19	0.52	0.43	0.41	0.64	0.43	0.93	0.56	0.44	0.16	0.55	-0.2	-0.15	0.03	0.51	0.57
Cash	0.96	0.4	0.96	0.29	0.72	0.64	-1.0	-0.27	0.48		0.65	0.98	0.52	0.7	0.86	0.76	0.45	0.98	0.73	0.54	0.9	-0.45	-0.28	0.09	0.97	0.97
Non Current Assets Total	0.78	0.25	0.78	0.46	0.44	1.0	-0.66	-0.29	0.19	0.65		0.59	0.53	0.68	0.31	0.7	0.27	0.59	0.67	0.8	0.38	-0.59	-0.35	0.05	0.7	0.56
Cash And Short Term Investments	0.96	0.39	0.96	0.36	0.8	0.57	-0.98	-0.39	0.52	0.98	0.59		0.6	0.78	0.87	0.83	0.44	1.0	0.81	0.59	0.86	-0.49	-0.33	0.09	0.96	0.99
Net Receivables	0.67	0.19	0.68	0.63	0.87	0.5	-0.51	-0.87	0.43	0.52	0.53	0.6		0.9	0.29	0.88	0.2	0.6	0.85	0.8	0.35	-0.79	-0.69	0.03	0.64	0.64
Common Stock Shares Outstanding	0.83	0.2	0.84	0.66	0.88	0.66	-0.7	-0.79	0.41	0.7	0.68	0.78	0.9		0.45	0.98	0.23	0.78	0.99	0.9	0.48	-0.79	-0.65	0.13	0.78	0.79
Non Current Liabilities Total	0.77	0.57	0.76	0.09	0.58	0.3	-0.86	-0.04	0.64	0.86	0.31	0.87	0.29	0.45		0.49	0.62	0.88	0.48	0.23	0.91	-0.08	0.08	0.04	0.79	0.85
Other Stockholder Equity	0.87	0.24	0.88	0.68	0.86	0.68	-0.76	-0.74	0.43	0.76	0.7	0.83	0.88	0.98	0.49		0.27	0.82	0.97	0.85	0.53	-0.82	-0.68	0.02	0.83	0.83
Total Liab	0.46	1.0	0.42	0.4	0.28	0.26	-0.45	-0.03	0.93	0.45	0.27	0.44	0.2	0.23	0.62	0.27		0.48	0.25	0.03	0.55	-0.05	0.04	0.02	0.43	0.46
Total Current Assets	0.96	0.43	0.96	0.38	0.8	0.58	-0.97	-0.39	0.56	0.98	0.59	1.0	0.6	0.78	0.88	0.82	0.48		0.81	0.59	0.86	-0.48	-0.32	0.09	0.96	0.99
Common Stock	0.85	0.23	0.85	0.65	0.89	0.65	-0.72	-0.79	0.44	0.73	0.67	0.81	0.85	0.99	0.48	0.97	0.25	0.81		0.89	0.5	-0.75	-0.63	0.11	0.81	0.82
Property Plant Equipment	0.72	0.01	0.73	0.48	0.74	0.78	-0.54	-0.72	0.16	0.54	0.8	0.59	0.8	0.9	0.23	0.85	0.03	0.59	0.89		0.25	-0.68	-0.5	0.05	0.66	0.59
Other Current Liab	0.79	0.5	0.78	0.15	0.58	0.37	-0.89	-0.1	0.55	0.9	0.38	0.86	0.35	0.48	0.91	0.53	0.55	0.86	0.5	0.25		-0.25	-0.13	0.04	0.81	0.85
Inventory	-0.58	-0.05	-0.59	-0.79	-0.61	-0.57	0.45	0.71	-0.2	-0.45	-0.59	-0.49	-0.79	-0.79	-0.08	-0.82	-0.05	-0.48	-0.75	-0.68	-0.25		0.9	-0.03	-0.55	-0.52
Other Current Assets	-0.39	0.03	-0.4	-0.81	-0.53	-0.33	0.27	0.74	-0.15	-0.28	-0.35	-0.33	-0.69	-0.65	0.08	-0.68	0.04	-0.32	-0.63	-0.5	-0.13	0.9		-0.04	-0.39	-0.38
Non Currrent Assets Other	0.08	0.02	0.08	0.02	0.08	0.05	-0.09	-0.09	0.03	0.09	0.05	0.09	0.03	0.13	0.04	0.02	0.02	0.09	0.11	0.05	0.04	-0.03	-0.04		0.09	0.09
Net Invested Capital	0.98	0.39	0.98	0.38	0.82	0.69	-0.96	-0.44	0.51	0.97	0.7	0.96	0.64	0.78	0.79	0.83	0.43	0.96	0.81	0.66	0.81	-0.55	-0.39	0.09		0.97
Net Working Capital	0.96	0.42	0.95	0.4	0.85	0.54	-0.96	-0.46	0.57	0.97	0.56	0.99	0.64	0.79	0.85	0.83	0.46	0.99	0.82	0.59	0.85	-0.52	-0.38	0.09	0.97

Click cells to compare fundamentals

Royal Road Account Relationship Matchups

Royal Road fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.3M	20.1M	39.7M	28.1M	14.3M	13.7M
Total Current Liabilities	181.6K	178.0K	829.7K	897.6K	324.8K	487.2K
Total Stockholder Equity	13.1M	19.9M	38.7M	27.1M	13.9M	13.2M
Net Tangible Assets	7.1M	13.1M	19.9M	27.1M	31.2M	32.7M
Property Plant And Equipment Net	9.5M	9.4M	9.7M	6.5M	155.6K	147.9K
Net Debt	(3.0M)	(10.4M)	(28.9M)	(21.0M)	(6.4M)	(6.7M)
Retained Earnings	(21.0M)	(26.9M)	(10.3M)	(21.3M)	(36.3M)	(34.5M)
Accounts Payable	212.9K	181.6K	178.0K	864.5K	778.1K	817.0K
Cash	3.0M	10.4M	29.0M	21.1M	6.5M	8.0M
Non Current Assets Total	9.9M	9.7M	10.1M	6.8M	562.4K	534.2K
Cash And Short Term Investments	3.0M	10.4M	29.0M	21.1M	13.3M	8.6M
Common Stock Shares Outstanding	200.4M	242.6M	265.8M	265.7M	305.6M	169.5M
Liabilities And Stockholders Equity	13.3M	20.1M	39.7M	28.1M	14.3M	13.7M
Other Stockholder Equity	2.8M	4.7M	5.6M	4.9M	5.1M	3.1M
Total Liab	181.6K	178.0K	944.5K	974.6K	366.4K	516.5K
Total Current Assets	3.4M	10.4M	29.5M	21.3M	13.7M	9.0M
Accumulated Other Comprehensive Income	450.4K	571.1K	892.7K	1.1M	2.7M	2.8M
Common Stock	20.6M	30.8M	41.5M	42.5M	48.9M	26.8M
Property Plant Equipment	3.6M	9.5M	9.4M	6.5M	7.5M	4.2M
Other Current Liab	181.6K	178.0K	798.4K	864.5K	287.2K	395.6K
Other Current Assets	401.0K	26.8K	514.4K	144.2K	35.6K	33.9K
Non Currrent Assets Other	415.9K	247.6K	414.7K	234.6K	269.8K	255.2K
Net Invested Capital	13.1M	19.9M	38.7M	27.1M	13.9M	19.7M
Net Working Capital	3.2M	10.2M	28.7M	20.4M	13.4M	12.7M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Royal Stock Analysis

When running Royal Road's price analysis, check to measure Royal Road's 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 Royal Road is operating at the current time. Most of Royal Road's value examination focuses on studying past and present price action to predict the probability of Royal Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royal Road's price. Additionally, you may evaluate how the addition of Royal Road to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC