RBC Intangible Assets vs Net Working Capital Analysis

RBCP Stock

USD 133.09 2.61 2.00%

RBC Bearings financial indicator trend analysis is much more than just breaking down RBC Bearings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RBC Bearings is a good investment. Please check the relationship between RBC Bearings Intangible Assets and its Net Working Capital accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RBC Bearings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in RBC Stock, please use our How to Invest in RBC Bearings guide.

Intangible Assets vs Net Working Capital

Intangible Assets vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RBC Bearings Intangible Assets account and Net Working Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between RBC Bearings' Intangible Assets and Net Working Capital is 0.84. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of RBC Bearings, assuming nothing else is changed. The correlation between historical values of RBC Bearings' Intangible Assets and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of RBC Bearings are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Intangible Assets i.e., RBC Bearings' Intangible Assets and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Net Working Capital

Most indicators from RBC Bearings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RBC Bearings 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 RBC Bearings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in RBC Stock, please use our How to Invest in RBC Bearings guide.At this time, RBC Bearings' Selling General Administrative is relatively stable compared to the past year. As of 09/20/2024, Enterprise Value Over EBITDA is likely to grow to 52.45, while Sales General And Administrative To Revenue is likely to drop 0.13.

	2021	2022	2023	2024 (projected)
Total Revenue	942.9M	1.5B	1.6B	1.6B
Interest Expense	41.5M	76.7M	78.7M	82.6M

Total Revenue Interest Expense

RBC Bearings fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Net Receivables	Good Will	Inventory	Other Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.98	0.97	0.18	1.0	-0.76	-0.11	0.12	0.5	0.97	0.99	0.98	0.92	0.96	0.99	1.0	0.97	0.88	0.98	0.99	1.0	0.95	0.45	0.49	0.99	0.62
Total Stockholder Equity	0.98		0.91	0.19	0.97	-0.81	-0.22	0.16	0.58	0.91	0.98	0.92	0.96	0.9	0.97	0.97	0.98	0.95	0.94	0.99	0.97	0.99	0.47	0.46	0.96	0.69
Net Debt	0.97	0.91		0.09	0.98	-0.68	-0.02	0.0	0.41	0.99	0.96	1.0	0.82	1.0	0.97	0.98	0.91	0.76	0.97	0.94	0.98	0.87	0.38	0.53	0.99	0.52
Cash	0.18	0.19	0.09		0.14	0.02	-0.38	0.94	0.43	0.15	0.19	0.15	0.37	0.13	0.05	0.13	0.24	0.2	0.22	0.12	0.13	0.12	0.57	-0.18	0.14	0.4
Non Current Assets Total	1.0	0.97	0.98	0.14		-0.74	-0.06	0.07	0.45	0.98	0.99	0.99	0.89	0.98	0.99	1.0	0.96	0.85	0.98	0.98	1.0	0.93	0.43	0.5	1.0	0.57
Non Currrent Assets Other	-0.76	-0.81	-0.68	0.02	-0.74		0.43	0.06	-0.65	-0.65	-0.8	-0.67	-0.78	-0.63	-0.77	-0.74	-0.74	-0.78	-0.68	-0.78	-0.75	-0.81	-0.59	-0.26	-0.74	-0.71
Other Assets	-0.11	-0.22	-0.02	-0.38	-0.06	0.43		-0.32	-0.85	0.02	-0.15	0.0	-0.41	0.03	-0.05	-0.1	-0.24	-0.33	-0.12	-0.19	-0.06	-0.26	-0.37	0.15	-0.06	-0.77
Cash And Short Term Investments	0.12	0.16	0.0	0.94	0.07	0.06	-0.32		0.37	0.06	0.12	0.06	0.36	0.04	0.0	0.06	0.21	0.23	0.13	0.07	0.06	0.12	0.44	-0.16	0.06	0.34
Common Stock Shares Outstanding	0.5	0.58	0.41	0.43	0.45	-0.65	-0.85	0.37		0.38	0.52	0.4	0.73	0.37	0.43	0.49	0.62	0.65	0.52	0.55	0.45	0.61	0.54	0.17	0.45	0.98
Non Current Liabilities Total	0.97	0.91	0.99	0.15	0.98	-0.65	0.02	0.06	0.38		0.96	1.0	0.82	1.0	0.96	0.97	0.91	0.75	0.97	0.93	0.98	0.86	0.41	0.5	0.99	0.49
Other Stockholder Equity	0.99	0.98	0.96	0.19	0.99	-0.8	-0.15	0.12	0.52	0.96		0.97	0.92	0.95	0.98	0.99	0.96	0.88	0.97	0.98	0.99	0.94	0.52	0.43	0.99	0.63
Total Liab	0.98	0.92	1.0	0.15	0.99	-0.67	0.0	0.06	0.4	1.0	0.97		0.83	1.0	0.97	0.98	0.92	0.77	0.98	0.94	0.99	0.87	0.42	0.51	0.99	0.52
Total Current Assets	0.92	0.96	0.82	0.37	0.89	-0.78	-0.41	0.36	0.73	0.82	0.92	0.83		0.8	0.87	0.9	0.97	0.97	0.88	0.94	0.89	0.96	0.51	0.4	0.88	0.81
Short Long Term Debt Total	0.96	0.9	1.0	0.13	0.98	-0.63	0.03	0.04	0.37	1.0	0.95	1.0	0.8		0.96	0.97	0.9	0.74	0.96	0.92	0.98	0.85	0.39	0.52	0.98	0.48
Other Current Liab	0.99	0.97	0.97	0.05	0.99	-0.77	-0.05	0.0	0.43	0.96	0.98	0.97	0.87	0.96		0.99	0.94	0.86	0.95	0.98	0.99	0.94	0.39	0.5	0.99	0.56
Total Current Liabilities	1.0	0.97	0.98	0.13	1.0	-0.74	-0.1	0.06	0.49	0.97	0.99	0.98	0.9	0.97	0.99		0.97	0.87	0.98	0.99	1.0	0.95	0.4	0.54	0.99	0.6
Property Plant And Equipment Net	0.97	0.98	0.91	0.24	0.96	-0.74	-0.24	0.21	0.62	0.91	0.96	0.92	0.97	0.9	0.94	0.97		0.95	0.96	0.98	0.95	0.98	0.42	0.51	0.95	0.71
Retained Earnings	0.88	0.95	0.76	0.2	0.85	-0.78	-0.33	0.23	0.65	0.75	0.88	0.77	0.97	0.74	0.86	0.87	0.95		0.83	0.93	0.85	0.98	0.37	0.46	0.83	0.74
Accounts Payable	0.98	0.94	0.97	0.22	0.98	-0.68	-0.12	0.13	0.52	0.97	0.97	0.98	0.88	0.96	0.95	0.98	0.96	0.83		0.96	0.97	0.91	0.45	0.48	0.98	0.61
Net Receivables	0.99	0.99	0.94	0.12	0.98	-0.78	-0.19	0.07	0.55	0.93	0.98	0.94	0.94	0.92	0.98	0.99	0.98	0.93	0.96		0.98	0.98	0.39	0.5	0.97	0.67
Good Will	1.0	0.97	0.98	0.13	1.0	-0.75	-0.06	0.06	0.45	0.98	0.99	0.99	0.89	0.98	0.99	1.0	0.95	0.85	0.97	0.98		0.93	0.44	0.49	1.0	0.57
Inventory	0.95	0.99	0.87	0.12	0.93	-0.81	-0.26	0.12	0.61	0.86	0.94	0.87	0.96	0.85	0.94	0.95	0.98	0.98	0.91	0.98	0.93		0.38	0.51	0.92	0.71
Other Current Assets	0.45	0.47	0.38	0.57	0.43	-0.59	-0.37	0.44	0.54	0.41	0.52	0.42	0.51	0.39	0.39	0.4	0.42	0.37	0.45	0.39	0.44	0.38		-0.19	0.44	0.53
Short Term Debt	0.49	0.46	0.53	-0.18	0.5	-0.26	0.15	-0.16	0.17	0.5	0.43	0.51	0.4	0.52	0.5	0.54	0.51	0.46	0.48	0.5	0.49	0.51	-0.19		0.49	0.26
Intangible Assets	0.99	0.96	0.99	0.14	1.0	-0.74	-0.06	0.06	0.45	0.99	0.99	0.99	0.88	0.98	0.99	0.99	0.95	0.83	0.98	0.97	1.0	0.92	0.44	0.49		0.57
Common Stock	0.62	0.69	0.52	0.4	0.57	-0.71	-0.77	0.34	0.98	0.49	0.63	0.52	0.81	0.48	0.56	0.6	0.71	0.74	0.61	0.67	0.57	0.71	0.53	0.26	0.57

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RBC Bearings Account Relationship Matchups

RBC Bearings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3B	1.4B	4.8B	4.7B	4.7B	4.9B
Total Stockholder Equity	1.1B	1.2B	2.4B	2.5B	2.8B	2.9B
Net Debt	(51.1M)	(99.3M)	1.6B	1.4B	1.2B	1.3B
Cash	103.3M	151.1M	182.9M	65.4M	63.5M	60.8M
Non Current Assets Total	709.9M	706.1M	3.9B	3.8B	3.7B	3.9B
Non Currrent Assets Other	20.6M	30.2M	38.3M	(258M)	(240.9M)	(228.9M)
Cash And Short Term Investments	103.3M	241.3M	182.9M	65.4M	63.5M	65.6M
Common Stock Shares Outstanding	24.9M	25.0M	27.3M	29.1M	29.2M	22.2M
Liabilities And Stockholders Equity	1.3B	1.4B	4.8B	4.7B	4.7B	4.9B
Non Current Liabilities Total	100.2M	116.1M	2.2B	1.8B	1.6B	1.7B
Other Stockholder Equity	355.4M	381.2M	1.5B	1.5B	1.5B	1.6B
Total Liab	203.9M	204.3M	2.5B	2.2B	1.9B	2.0B
Total Current Assets	612.0M	728.2M	962.2M	913.3M	965.5M	1.0B
Short Long Term Debt Total	52.1M	51.8M	1.7B	1.4B	1.3B	1.4B
Other Current Liab	29.5M	26.6M	121.8M	127.6M	139.1M	146.1M
Total Current Liabilities	103.8M	88.2M	313.5M	309.3M	294.3M	309.0M
Property Plant And Equipment Net	248.8M	243.9M	431.3M	416.7M	402.4M	422.5M
Retained Earnings	769.2M	858.9M	911.9M	1.0B	1.2B	1.3B
Accounts Payable	51.0M	36.3M	158.6M	146.8M	116.2M	122.0M
Net Receivables	129.0M	110.5M	247.5M	239.6M	262.1M	275.2M
Good Will	277.8M	277.5M	1.9B	1.9B	1.9B	2.0B
Inventory	367.5M	364.1M	516.1M	587.2M	622.8M	653.9M
Other Current Assets	12.3M	12.2M	15.7M	21.1M	17.1M	13.8M
Accumulated Other Comprehensive Income	(6.9M)	(10.4M)	(5.8M)	(4.1M)	700.0K	735.0K
Short Term Debt	12.1M	8.3M	13.5M	14.3M	16.5M	9.0M
Intangible Assets	162.7M	154.4M	1.5B	1.5B	1.4B	1.5B
Common Stock	259K	261K	298K	300K	345K	247.6K
Current Deferred Revenue	11.1M	17.0M	19.6M	20.6M	22.5M	13.0M
Long Term Debt	16.6M	13.5M	1.7B	1.4B	1.2B	796.0M
Net Invested Capital	1.1B	1.2B	4.1B	3.9B	3.9B	2.8B
Short Long Term Debt	6.4M	2.6M	1.5M	1.5M	3.8M	3.0M
Capital Stock	259K	261K	344K	300K	345K	315.3K
Non Current Liabilities Other	496K	8K	49.3M	52.6M	3.5M	3.3M
Net Working Capital	508.3M	640.0M	648.8M	604M	671.2M	639.0M

Pair Trading with RBC Bearings

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 RBC Bearings 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 RBC Bearings will appreciate offsetting losses from the drop in the long position's value.

Moving together with RBC Stock

0.76	EML	Eastern	Pair Corr
0.8	KMT	Kennametal	Pair Corr
0.96	RBC	RBC Bearings	Pair Corr

Moving against RBC Stock

0.51

QEPC

QEP Co Inc

Pair Corr

The ability to find closely correlated positions to RBC Bearings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RBC Bearings 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 RBC Bearings - 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 RBC Bearings to buy it.

The correlation of RBC Bearings 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 RBC Bearings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RBC Bearings 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 RBC Bearings 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

Additional Tools for RBC Stock Analysis

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

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