Royal Total Current Liabilities vs Current Deferred Revenue Analysis
MNT Stock | CAD 32.50 0.19 0.59% |
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 Total Current Liabilities and its Current Deferred Revenue 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.
Total Current Liabilities vs Current Deferred Revenue
Total Current Liabilities vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royal Canadian Mint Total Current Liabilities account and Current Deferred Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Royal Canadian's Total Current Liabilities and Current Deferred Revenue is -0.46. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Current Deferred Revenue 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 Total Current Liabilities and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Royal Canadian Mint are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Current Liabilities i.e., Royal Canadian's Total Current Liabilities and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.46 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Royal Canadian balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Royal Canadian Mint are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.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 29th of June 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 |
Royal Canadian fundamental ratios Correlations
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Royal Canadian Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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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.