Rxsight Net Invested Capital vs Total Current Assets Analysis

RXST Stock

USD 37.30 1.41 3.93%

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

For more information on how to buy Rxsight Stock please use our How to Invest in Rxsight guide.

Net Invested Capital vs Total Current Assets

Net Invested Capital vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rxsight Net Invested Capital account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Rxsight's Net Invested Capital and Total Current Assets is 0.96. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Rxsight, assuming nothing else is changed. The correlation between historical values of Rxsight's Net Invested Capital and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Rxsight are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Invested Capital i.e., Rxsight's Net Invested Capital and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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

For more information on how to buy Rxsight Stock please use our How to Invest in Rxsight guide.Enterprise Value is likely to gain to about 1.5 B in 2024, whereas Tax Provision is likely to drop slightly above 18.9 K in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	4.0M	4.0M	4.2M	4.4M
Interest Income	54K	1.5M	6.6M	6.9M

Depreciation And Amortization Interest Income

Rxsight fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		0.43	0.62	0.75	0.96	-0.79	0.96	-0.89	0.76	0.31	-0.81	0.46	0.72	-0.89	0.33	0.6	0.98	0.77	-0.95	0.62	0.98	-0.95	-0.78	0.71	0.89	0.95
Short Long Term Debt Total	0.43		0.25	0.31	0.45	-0.57	0.5	-0.37	0.19	0.98	-0.19	-0.36	0.73	-0.35	0.56	0.0	0.47	0.09	-0.39	-0.26	0.39	-0.46	0.11	0.23	0.59	0.42
Other Current Liab	0.62	0.25		0.96	0.74	-0.88	0.7	-0.83	0.91	0.25	-0.84	0.53	0.3	-0.84	0.43	0.62	0.47	0.87	-0.61	0.81	0.48	-0.76	-0.73	0.92	0.3	0.75
Total Current Liabilities	0.75	0.31	0.96		0.85	-0.88	0.84	-0.92	0.98	0.31	-0.91	0.64	0.34	-0.92	0.57	0.78	0.61	0.91	-0.79	0.8	0.64	-0.87	-0.83	0.99	0.43	0.87
Total Stockholder Equity	0.96	0.45	0.74	0.85		-0.88	1.0	-0.98	0.83	0.37	-0.92	0.47	0.68	-0.97	0.52	0.63	0.9	0.88	-0.97	0.66	0.91	-1.0	-0.8	0.81	0.79	1.0
Other Liab	-0.79	-0.57	-0.88	-0.88	-0.88		-0.86	0.9	-0.78	-0.5	0.84	-0.24	-0.7	0.91	-0.46	-0.42	-0.71	-0.83	0.74	-0.62	-0.68	0.89	0.61	-0.79	-0.65	-0.86
Net Tangible Assets	0.96	0.5	0.7	0.84	1.0	-0.86		-0.97	0.81	0.42	-0.9	0.45	0.69	-0.96	0.55	0.63	0.91	0.85	-0.98	0.61	0.91	-1.0	-0.77	0.8	0.81	0.99
Property Plant And Equipment Net	-0.89	-0.37	-0.83	-0.92	-0.98	0.9	-0.97		-0.88	-0.33	0.98	-0.53	-0.57	1.0	-0.58	-0.68	-0.8	-0.95	0.93	-0.73	-0.81	0.99	0.84	-0.89	-0.66	-0.99
Current Deferred Revenue	0.76	0.19	0.91	0.98	0.83	-0.78	0.81	-0.88		0.18	-0.88	0.78	0.23	-0.87	0.51	0.88	0.61	0.89	-0.8	0.84	0.66	-0.84	-0.9	0.99	0.4	0.84
Net Debt	0.31	0.98	0.25	0.31	0.37	-0.5	0.42	-0.33	0.18		-0.16	-0.33	0.59	-0.3	0.67	0.04	0.33	0.06	-0.32	-0.31	0.25	-0.39	0.16	0.25	0.43	0.35
Retained Earnings	-0.81	-0.19	-0.84	-0.91	-0.92	0.84	-0.9	0.98	-0.88	-0.16		-0.6	-0.42	0.98	-0.53	-0.69	-0.69	-0.99	0.88	-0.82	-0.72	0.93	0.88	-0.9	-0.52	-0.94
Accounts Payable	0.46	-0.36	0.53	0.64	0.47	-0.24	0.45	-0.53	0.78	-0.33	-0.6		-0.28	-0.51	0.24	0.93	0.32	0.64	-0.56	0.78	0.44	-0.48	-0.88	0.73	0.06	0.51
Cash	0.72	0.73	0.3	0.34	0.68	-0.7	0.69	-0.57	0.23	0.59	-0.42	-0.28		-0.58	0.16	-0.08	0.8	0.36	-0.58	0.09	0.71	-0.66	-0.17	0.21	0.91	0.63
Non Current Assets Total	-0.89	-0.35	-0.84	-0.92	-0.97	0.91	-0.96	1.0	-0.87	-0.3	0.98	-0.51	-0.58		-0.52	-0.64	-0.8	-0.96	0.92	-0.76	-0.8	0.98	0.84	-0.88	-0.66	-0.98
Non Currrent Assets Other	0.33	0.56	0.43	0.57	0.52	-0.46	0.55	-0.58	0.51	0.67	-0.53	0.24	0.16	-0.52		0.54	0.25	0.44	-0.56	0.07	0.25	-0.55	-0.29	0.61	0.17	0.55
Other Assets	0.6	0.0	0.62	0.78	0.63	-0.42	0.63	-0.68	0.88	0.04	-0.69	0.93	-0.08	-0.64	0.54		0.46	0.68	-0.72	0.67	0.56	-0.65	-0.85	0.86	0.22	0.67
Cash And Short Term Investments	0.98	0.47	0.47	0.61	0.9	-0.71	0.91	-0.8	0.61	0.33	-0.69	0.32	0.8	-0.8	0.25	0.46		0.64	-0.9	0.48	0.99	-0.88	-0.66	0.55	0.96	0.88
Net Receivables	0.77	0.09	0.87	0.91	0.88	-0.83	0.85	-0.95	0.89	0.06	-0.99	0.64	0.36	-0.96	0.44	0.68	0.64		-0.82	0.89	0.67	-0.89	-0.9	0.9	0.46	0.9
Common Stock Total Equity	-0.95	-0.39	-0.61	-0.79	-0.97	0.74	-0.98	0.93	-0.8	-0.32	0.88	-0.56	-0.58	0.92	-0.56	-0.72	-0.9	-0.82		-0.6	-0.92	0.97	0.82	-0.78	-0.78	-0.97
Common Stock Shares Outstanding	0.62	-0.26	0.81	0.8	0.66	-0.62	0.61	-0.73	0.84	-0.31	-0.82	0.78	0.09	-0.76	0.07	0.67	0.48	0.89	-0.6		0.54	-0.66	-0.92	0.8	0.26	0.68
Short Term Investments	0.98	0.39	0.48	0.64	0.91	-0.68	0.91	-0.81	0.66	0.25	-0.72	0.44	0.71	-0.8	0.25	0.56	0.99	0.67	-0.92	0.54		-0.89	-0.73	0.59	0.92	0.89
Non Current Liabilities Total	-0.95	-0.46	-0.76	-0.87	-1.0	0.89	-1.0	0.99	-0.84	-0.39	0.93	-0.48	-0.66	0.98	-0.55	-0.65	-0.88	-0.89	0.97	-0.66	-0.89		0.8	-0.84	-0.77	-1.0
Capital Lease Obligations	-0.78	0.11	-0.73	-0.83	-0.8	0.61	-0.77	0.84	-0.9	0.16	0.88	-0.88	-0.17	0.84	-0.29	-0.85	-0.66	-0.9	0.82	-0.92	-0.73	0.8		-0.86	-0.43	-0.82
Inventory	0.71	0.23	0.92	0.99	0.81	-0.79	0.8	-0.89	0.99	0.25	-0.9	0.73	0.21	-0.88	0.61	0.86	0.55	0.9	-0.78	0.8	0.59	-0.84	-0.86		0.34	0.84
Other Current Assets	0.89	0.59	0.3	0.43	0.79	-0.65	0.81	-0.66	0.4	0.43	-0.52	0.06	0.91	-0.66	0.17	0.22	0.96	0.46	-0.78	0.26	0.92	-0.77	-0.43	0.34		0.76
Other Stockholder Equity	0.95	0.42	0.75	0.87	1.0	-0.86	0.99	-0.99	0.84	0.35	-0.94	0.51	0.63	-0.98	0.55	0.67	0.88	0.9	-0.97	0.68	0.89	-1.0	-0.82	0.84	0.76

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Rxsight Net Invested Capital vs Total Current Assets Analysis

Net Invested Capital vs Total Current Assets

Net Invested Capital vs Total Current Assets Correlation Analysis

Correlation Coefficient

Net Invested Capital

Total Current Assets

Rxsight fundamental ratios Correlations

Rxsight Account Relationship Matchups

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Net Tangible Assets	+ 1.0	Total Stockholder Equity
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Inventory	+ 0.99	Total Current Liabilities
Other Stockholder Equity	+ 0.99	Net Tangible Assets
Non Current Liabilities Total	+ 0.99	Property Plant And Equipment Net

Other Stockholder Equity	- 1.0	Non Current Liabilities Total
Non Current Liabilities Total	- 1.0	Net Tangible Assets
Non Current Liabilities Total	- 1.0	Total Stockholder Equity
Net Receivables	- 0.99	Retained Earnings
Other Stockholder Equity	- 0.99	Property Plant And Equipment Net
Other Stockholder Equity	- 0.98	Non Current Assets Total