Royal Free Cash Flow Yield vs Days Sales Outstanding Analysis

MNT Stock

CAD 36.56 0.31 0.84%

Royal Canadian financial indicator trend analysis is much more than just breaking down Royal Canadian Mint prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royal Canadian Mint is a good investment. Please check the relationship between Royal Canadian Free Cash Flow Yield and its Days Sales Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Royal Canadian Mint. 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.

Free Cash Flow Yield vs Days Sales Outstanding

Free Cash Flow Yield vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royal Canadian Mint Free Cash Flow Yield account and Days Sales Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Royal Canadian's Free Cash Flow Yield and Days Sales Outstanding is -0.28. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Royal Canadian Mint, assuming nothing else is changed. The correlation between historical values of Royal Canadian's Free Cash Flow Yield and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Royal Canadian Mint are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Free Cash Flow Yield i.e., Royal Canadian's Free Cash Flow Yield and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Days Sales Outstanding

Most indicators from Royal Canadian's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royal Canadian Mint 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Royal Canadian Mint. 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.

As of the 27th of September 2024, Sales General And Administrative To Revenue is likely to grow to 0.02, while Selling General Administrative is likely to drop about 96 M.

	2020	2021	2023	2024 (projected)
Gross Profit	143.7M	179.4M	161.5M	131.0M
Total Revenue	2.5B	3.6B	3.2B	2.0B

Gross Profit Total Revenue

Royal Canadian fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock Shares Outstanding	Other Assets	Long Term Debt	Long Term Debt Total
Total Assets		0.12	-0.52	0.57	0.24	0.63	-0.35	0.62	0.25	0.53	0.4	0.62	0.4	0.41	0.03	0.6	0.32	-0.33	-0.42	0.37	0.8	0.41	0.43	0.13	0.08	0.1
Short Long Term Debt Total	0.12		0.0	-0.34	0.63	-0.06	0.26	-0.01	0.63	-0.39	-0.13	-0.06	-0.25	-0.15	-0.21	-0.01	0.31	0.06	0.68	-0.49	-0.3	0.61	-0.58	-0.59	0.48	0.43
Other Current Liab	-0.52	0.0		-0.17	-0.03	-0.52	0.06	-0.42	-0.03	-0.58	0.05	-0.49	-0.01	0.02	-0.06	-0.45	-0.54	-0.02	0.28	-0.3	-0.41	0.1	-0.25	-0.24	0.19	0.18
Total Current Liabilities	0.57	-0.34	-0.17		-0.38	0.45	-0.46	0.37	-0.37	0.53	0.2	0.45	0.49	0.35	0.26	0.41	0.22	-0.45	-0.56	0.72	0.81	-0.12	0.51	0.47	-0.17	-0.07
Total Stockholder Equity	0.24	0.63	-0.03	-0.38		-0.31	0.38	-0.29	1.0	-0.34	0.37	-0.32	-0.43	0.22	-0.51	-0.29	0.37	0.22	0.6	-0.78	-0.1	0.75	-0.49	-0.89	0.72	0.66
Property Plant And Equipment Net	0.63	-0.06	-0.52	0.45	-0.31		-0.77	0.89	-0.31	0.69	0.01	1.0	0.79	0.03	0.46	0.99	0.13	-0.23	-0.67	0.75	0.5	-0.07	0.67	0.58	-0.4	-0.35
Current Deferred Revenue	-0.35	0.26	0.06	-0.46	0.38	-0.77		-0.65	0.39	-0.66	-0.16	-0.79	-0.98	-0.17	-0.4	-0.77	0.02	0.35	0.67	-0.7	-0.37	0.05	-0.71	-0.55	0.4	0.35
Net Debt	0.62	-0.01	-0.42	0.37	-0.29	0.89	-0.65		-0.3	0.44	0.0	0.89	0.73	0.04	0.37	0.92	-0.05	-0.29	-0.72	0.7	0.39	0.04	0.68	0.6	-0.49	-0.47
Retained Earnings	0.25	0.63	-0.03	-0.37	1.0	-0.31	0.39	-0.3		-0.34	0.38	-0.32	-0.43	0.23	-0.52	-0.3	0.36	0.22	0.6	-0.78	-0.08	0.76	-0.49	-0.88	0.72	0.66
Accounts Payable	0.53	-0.39	-0.58	0.53	-0.34	0.69	-0.66	0.44	-0.34		0.01	0.69	0.62	0.04	0.36	0.59	0.27	-0.21	-0.59	0.65	0.63	-0.27	0.56	0.53	-0.35	-0.31
Cash	0.4	-0.13	0.05	0.2	0.37	0.01	-0.16	0.0	0.38	0.01		0.01	0.12	0.95	-0.51	0.02	0.07	-0.23	-0.2	-0.02	0.42	0.58	0.34	-0.13	0.33	0.28
Non Current Assets Total	0.62	-0.06	-0.49	0.45	-0.32	1.0	-0.79	0.89	-0.32	0.69	0.01		0.81	0.04	0.47	0.99	0.11	-0.24	-0.68	0.76	0.5	-0.07	0.68	0.58	-0.41	-0.36
Non Currrent Assets Other	0.4	-0.25	-0.01	0.49	-0.43	0.79	-0.98	0.73	-0.43	0.62	0.12	0.81		0.13	0.44	0.8	-0.13	-0.37	-0.71	0.73	0.38	-0.05	0.73	0.6	-0.44	-0.39
Cash And Short Term Investments	0.41	-0.15	0.02	0.35	0.22	0.03	-0.17	0.04	0.23	0.04	0.95	0.04	0.13		-0.47	0.05	0.01	-0.27	-0.26	0.12	0.49	0.52	0.36	0.0	0.27	0.22
Net Receivables	0.03	-0.21	-0.06	0.26	-0.51	0.46	-0.4	0.37	-0.52	0.36	-0.51	0.47	0.44	-0.47		0.44	-0.22	0.16	-0.3	0.48	0.25	-0.67	0.11	0.43	-0.38	-0.25
Non Current Liabilities Total	0.6	-0.01	-0.45	0.41	-0.29	0.99	-0.77	0.92	-0.3	0.59	0.02	0.99	0.8	0.05	0.44		0.09	-0.24	-0.66	0.73	0.44	-0.02	0.67	0.56	-0.4	-0.35
Inventory	0.32	0.31	-0.54	0.22	0.37	0.13	0.02	-0.05	0.36	0.27	0.07	0.11	-0.13	0.01	-0.22	0.09		-0.13	0.23	-0.07	0.26	0.19	-0.13	-0.3	0.4	0.45
Other Current Assets	-0.33	0.06	-0.02	-0.45	0.22	-0.23	0.35	-0.29	0.22	-0.21	-0.23	-0.24	-0.37	-0.27	0.16	-0.24	-0.13		0.36	-0.44	-0.23	-0.28	-0.51	-0.39	0.11	0.17
Other Stockholder Equity	-0.42	0.68	0.28	-0.56	0.6	-0.67	0.67	-0.72	0.6	-0.59	-0.2	-0.68	-0.71	-0.26	-0.3	-0.66	0.23	0.36		-0.84	-0.52	0.26	-0.95	-0.83	0.65	0.62
Total Liab	0.37	-0.49	-0.3	0.72	-0.78	0.75	-0.7	0.7	-0.78	0.65	-0.02	0.76	0.73	0.12	0.48	0.73	-0.07	-0.44	-0.84		0.56	-0.41	0.79	0.92	-0.62	-0.55
Total Current Assets	0.8	-0.3	-0.41	0.81	-0.1	0.5	-0.37	0.39	-0.08	0.63	0.42	0.5	0.38	0.49	0.25	0.44	0.26	-0.23	-0.52	0.56		-0.02	0.45	0.31	0.04	0.12
Intangible Assets	0.41	0.61	0.1	-0.12	0.75	-0.07	0.05	0.04	0.76	-0.27	0.58	-0.07	-0.05	0.52	-0.67	-0.02	0.19	-0.28	0.26	-0.41	-0.02		-0.08	-0.52	0.54	0.42
Common Stock Shares Outstanding	0.43	-0.58	-0.25	0.51	-0.49	0.67	-0.71	0.68	-0.49	0.56	0.34	0.68	0.73	0.36	0.11	0.67	-0.13	-0.51	-0.95	0.79	0.45	-0.08		0.76	-0.58	-0.59
Other Assets	0.13	-0.59	-0.24	0.47	-0.89	0.58	-0.55	0.6	-0.88	0.53	-0.13	0.58	0.6	0.0	0.43	0.56	-0.3	-0.39	-0.83	0.92	0.31	-0.52	0.76		-0.81	-0.79
Long Term Debt	0.08	0.48	0.19	-0.17	0.72	-0.4	0.4	-0.49	0.72	-0.35	0.33	-0.41	-0.44	0.27	-0.38	-0.4	0.4	0.11	0.65	-0.62	0.04	0.54	-0.58	-0.81		0.98
Long Term Debt Total	0.1	0.43	0.18	-0.07	0.66	-0.35	0.35	-0.47	0.66	-0.31	0.28	-0.36	-0.39	0.22	-0.25	-0.35	0.45	0.17	0.62	-0.55	0.12	0.42	-0.59	-0.79	0.98

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Royal Canadian Account Relationship Matchups

Royal Canadian fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	397.8M	429.9M	379.4M	405.5M	466.3M	448.8M
Total Current Liabilities	80.7M	120.5M	76.6M	99.4M	114.3M	98.5M
Total Stockholder Equity	156.5M	150.2M	167.2M	142.5M	128.2M	168.4M
Retained Earnings	116.4M	110.2M	127.3M	102.5M	92.3M	137.3M
Cash	56.3M	66.4M	65.5M	67.3M	60.6M	59.1M
Cash And Short Term Investments	66.7M	66.4M	68.2M	69.7M	62.7M	65.1M
Net Receivables	55.4M	48.8M	50.7M	59.1M	68.0M	36.5M
Liabilities And Stockholders Equity	397.8M	429.9M	379.4M	405.5M	466.3M	434.4M
Inventory	62.2M	94.9M	57.6M	86.5M	77.9M	65.4M
Other Current Assets	50K	684K	6.9M	2.6M	2.3M	1.8M
Other Stockholder Equity	92K	27K	(88K)	(17K)	(15.3K)	(14.5K)
Total Liab	241.4M	279.7M	212.2M	263.0M	302.4M	217.3M
Total Current Assets	188.1M	223.0M	189.5M	221.9M	255.2M	224.2M
Intangible Assets	8.4M	6.3M	5.1M	4.7M	4.3M	8.2M
Common Stock Shares Outstanding	25.3M	24.9M	18.9M	18.8M	21.7M	15.9M
Other Assets	36.9M	32.5M	28.5M	29.4M	33.8M	31.2M
Long Term Debt	9.0M	6.0M	3.0M	24M	21.6M	13.5M
Long Term Debt Total	9.0M	13.1M	7.3M	28.4M	25.6M	15.1M
Property Plant Equipment	164.2M	167.4M	155.8M	149.2M	134.3M	138.7M
Short Term Investments	384K	880K	917K	388K	446.2K	664.6K

Pair Trading with Royal Canadian

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

Moving against Royal Stock

0.79	GOOG	Alphabet CDR	Pair Corr
0.62	MSFT	Microsoft Corp CDR	Pair Corr
0.42	AMZN	Amazon CDR	Pair Corr
0.33	NVDA	NVIDIA CDR Split	Pair Corr

The ability to find closely correlated positions to Royal Canadian 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 Canadian 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 Canadian - 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 Canadian Mint to buy it.

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

Other Information on Investing in Royal Stock

Balance Sheet is a snapshot of the financial position of Royal Canadian Mint at a specified time, usually calculated after every quarter, six months, or one year. Royal Canadian Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Royal Canadian and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Royal currently owns. An asset can also be divided into two categories, current and non-current.

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Royal Free Cash Flow Yield vs Days Sales Outstanding Analysis

Free Cash Flow Yield vs Days Sales Outstanding

Free Cash Flow Yield vs Days Sales Outstanding Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Days Sales Outstanding

Royal Canadian fundamental ratios Correlations

Royal Canadian Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Royal Canadian fundamental ratios Accounts

Pair Trading with Royal Canadian

Moving against Royal Stock

Other Information on Investing in Royal Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.99	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.99	Non Current Assets Total
Long Term Debt Total	+ 0.98	Long Term Debt
Cash And Short Term Investments	+ 0.95	Cash

Non Currrent Assets Other	- 0.98	Current Deferred Revenue
Common Stock Shares Outstanding	- 0.95	Other Stockholder Equity
Other Assets	- 0.89	Total Stockholder Equity
Other Assets	- 0.88	Retained Earnings
Total Liab	- 0.84	Other Stockholder Equity
Other Assets	- 0.83	Other Stockholder Equity