RBC Intangible Assets vs Short Term Investments Analysis

RBCP Stock

USD 127.32 2.30 1.77%

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 Short Term Investments 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 Short Term Investments

Intangible Assets vs Short Term Investments 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 Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between RBC Bearings' Intangible Assets and Short Term Investments is -0.16. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Short Term Investments 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 Short Term Investments 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 Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Intangible Assets i.e., RBC Bearings' Intangible Assets and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.16

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Intangible Assets

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

Short Term Investments

Short Term Investments is an item under the current assets section of RBC Bearings balance sheet. It contains any investments RBC Bearings undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that RBC Bearings can easily liquidate in the marketplace.

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 06/07/2024, 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

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RBC Intangible Assets vs Short Term Investments Analysis

Intangible Assets vs Short Term Investments

Intangible Assets vs Short Term Investments Correlation Analysis

Correlation Coefficient

Intangible Assets

Short Term Investments

RBC Bearings fundamental ratios Correlations

RBC Bearings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

RBC Bearings fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for RBC Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Total Liab	+ 1.0	Net Debt
Short Long Term Debt Total	+ 1.0	Net Debt
Total Current Liabilities	+ 1.0	Non Current Assets Total

Common Stock Shares Outstanding	- 0.85	Other Assets
Inventory	- 0.81	Non Currrent Assets Other
Non Currrent Assets Other	- 0.81	Total Stockholder Equity
Other Stockholder Equity	- 0.8	Non Currrent Assets Other
Net Receivables	- 0.78	Non Currrent Assets Other
Retained Earnings	- 0.78	Non Currrent Assets Other