Royal Operating Income vs Other Operating Expenses Analysis

RY Stock  USD 130.73  0.81  0.62%   
Royal Bank financial indicator trend analysis is much more than just breaking down Royal Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royal Bank is a good investment. Please check the relationship between Royal Bank Operating Income and its Other Operating Expenses accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Operating Income vs Other Operating Expenses

Operating Income vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royal Bank Operating Income account and Other Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Royal Bank's Operating Income and Other Operating Expenses is 0.81. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Royal Bank of, assuming nothing else is changed. The correlation between historical values of Royal Bank's Operating Income and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Royal Bank of are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Operating Income i.e., Royal Bank's Operating Income and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Operating Income

Operating Income is the amount of profit realized from Royal Bank operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Royal Bank of is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Royal Bank. It is also known as Royal Bank overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Royal Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royal Bank 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 Royal Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
At this time, Royal Bank's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 20.42 in 2025, whereas Selling General Administrative is likely to drop slightly above 416.7 M in 2025.
 2021 2022 2023 2025 (projected)
Operating Income20.1B18.2B19.9B650.8M
Other Operating Expenses46.7B95.3B114.6B315.9M

Royal Bank fundamental ratios Correlations

0.270.770.791.00.470.190.990.780.90.20.270.310.470.99-0.470.050.170.630.831.00.930.890.390.550.63
0.270.40.430.270.820.980.340.080.150.970.85-0.040.520.340.32-0.110.98-0.040.460.270.170.45-0.42-0.160.41
0.770.40.960.790.310.420.770.840.760.390.440.00.120.8-0.45-0.480.40.410.790.770.590.960.190.270.69
0.790.430.960.810.360.440.80.80.760.450.520.020.180.82-0.33-0.360.430.420.80.790.630.950.180.280.68
1.00.270.790.810.440.20.990.80.90.20.270.310.430.99-0.480.010.170.620.851.00.910.90.390.530.65
0.470.820.310.360.440.710.520.080.440.760.660.090.820.470.220.190.720.20.340.470.50.43-0.090.190.28
0.190.980.420.440.20.710.260.120.080.980.9-0.070.340.270.3-0.260.99-0.120.430.190.050.42-0.45-0.260.43
0.990.340.770.80.990.520.260.730.880.260.310.290.520.99-0.430.070.230.60.860.990.910.90.320.520.64
0.780.080.840.80.80.080.120.730.730.090.210.21-0.090.78-0.58-0.390.070.50.740.780.630.820.390.30.69
0.90.150.760.760.90.440.080.880.730.110.220.050.420.85-0.5-0.080.070.740.580.90.920.820.630.740.38
0.20.970.390.450.20.760.980.260.090.110.93-0.050.390.270.38-0.220.98-0.110.390.20.080.4-0.39-0.20.38
0.270.850.440.520.270.660.90.310.210.220.93-0.070.240.310.26-0.330.89-0.010.380.270.140.44-0.19-0.060.35
0.31-0.040.00.020.310.09-0.070.290.210.05-0.05-0.070.080.32-0.050.21-0.09-0.240.340.310.210.06-0.06-0.070.36
0.470.520.120.180.430.820.340.52-0.090.420.390.240.080.460.220.630.390.350.270.470.610.31-0.030.320.12
0.990.340.80.820.990.470.270.990.780.850.270.310.320.46-0.450.030.240.570.90.990.880.920.290.460.7
-0.470.32-0.45-0.33-0.480.220.3-0.43-0.58-0.50.380.26-0.050.22-0.450.220.37-0.32-0.36-0.47-0.34-0.45-0.39-0.32-0.3
0.05-0.11-0.48-0.360.010.19-0.260.07-0.39-0.08-0.22-0.330.210.630.030.22-0.20.14-0.110.050.25-0.26-0.140.05-0.12
0.170.980.40.430.170.720.990.230.070.070.980.89-0.090.390.240.37-0.2-0.120.40.170.050.4-0.47-0.260.4
0.63-0.040.410.420.620.2-0.120.60.50.74-0.11-0.01-0.240.350.57-0.320.14-0.120.310.630.780.510.670.710.1
0.830.460.790.80.850.340.430.860.740.580.390.380.340.270.9-0.36-0.110.40.310.830.610.88-0.030.140.8
1.00.270.770.791.00.470.190.990.780.90.20.270.310.470.99-0.470.050.170.630.830.930.890.40.550.63
0.930.170.590.630.910.50.050.910.630.920.080.140.210.610.88-0.340.250.050.780.610.930.740.540.690.4
0.890.450.960.950.90.430.420.90.820.820.40.440.060.310.92-0.45-0.260.40.510.880.890.740.190.340.73
0.39-0.420.190.180.39-0.09-0.450.320.390.63-0.39-0.19-0.06-0.030.29-0.39-0.14-0.470.67-0.030.40.540.190.9-0.31
0.55-0.160.270.280.530.19-0.260.520.30.74-0.2-0.06-0.070.320.46-0.320.05-0.260.710.140.550.690.340.9-0.29
0.630.410.690.680.650.280.430.640.690.380.380.350.360.120.7-0.3-0.120.40.10.80.630.40.73-0.31-0.29
Click cells to compare fundamentals

Royal Bank Account Relationship Matchups

Royal Bank fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets1.6T1.7T1.9T2.0T2.2T10.1B
Short Long Term Debt Total567.2B699.1B774.6B779.5B896.5B941.3B
Other Current Liab(2.9B)854.2B850.7B852.8B998.2B208.1M
Total Current Liabilities90.1B1.2T1.3T1.3T1.5T1.0B
Total Stockholder Equity86.7B98.7B108.1B115.0B127.1B3.4B
Property Plant And Equipment Net7.4B7.2B6.7B6.9B7.9B8.3B
Net Debt373.8B518.7B641.5B656.8B755.3B793.1B
Retained Earnings59.8B71.8B78.0B81.7B88.6B1.3B
Accounts Payable9.5B10.5B17.3B20.6B23.0B493.3M
Cash157.9B193.5B180.4B133.1B122.7B5.7M
Non Current Assets Total1.5T1.7T1.8T2.0T2.3T2.4T
Non Currrent Assets Other487.1B497.1B540.8B566.8B651.8B684.4B
Other Assets1.0T(427.1B)(515.4B)(593.0B)2.2T1.5B
Cash And Short Term Investments231.0B240.6B212.0B167.1B192.2B201.8B
Net Receivables18.6B22.5B26.2B29.8B32.9B430.4M
Common Stock Shares Outstanding1.4B1.4B1.4B1.4B1.6B1.5B
Short Term Investments37.5B60.2B78.9B44.4B51.0B73.3B
Liabilities And Stockholders Equity1.7T1.9T2.0T2.2T2.5T2.6T
Non Current Liabilities Total377.7B522.0B561.5B579.5B666.4B699.7B
Other Current Assets768.6B786.4B867.4B875.6B(32.9B)234.8M
Other Stockholder Equity(132M)2.4B5.4B6.6B8.4B255.6K
Total Liab1.5T1.6T1.8T1.9T2.0T6.6B
Total Current Assets316.3B253.6B266.8B241.8B200.0B716.9M
Short Term Debt80.6B361.7B416.9B453.6B441.3B336.7M
Accumulated Other Comprehensive Income3.4B2.5B5.7B6.9B7.9B8.3B
Other Liab25.2B28.3B29.3B26.3B1.4B1.4B
Net Tangible Assets61.9B64.7B76.7B82.4B4.1B3.9B
Long Term Debt23.2B33.3B12.3B323.1B334.2B2.6B
Good Will10.9B12.3B12.6B19.3B22.2B23.3B
Inventory(768.6B)(786.4B)(867.4B)(875.6B)43.6M45.8M
Long Term Investments285.4B318.9B410.2B440.8B506.9B532.2B
Short Long Term Debt80.0B98.9B142.3B111.4B135.3B336.7M
Intangible Assets4.5B6.1B5.9B7.8B9.0B9.4B
Common Stock17.5B17.7B17.3B19.4B21.0B57.3M
Property Plant Equipment7.9B7.4B7.2B6.7B6.9B8.7B
Property Plant And Equipment Gross15.1B12.4B12.8B13.9B16.0B16.8B

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