BOOT Stock | | | USD 136.29 3.64 2.74% |
Boot Barn financial indicator trend analysis is way more than just evaluating Boot Barn Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boot Barn Holdings is a good investment. Please check the relationship between Boot Barn Property Plant And Equipment Net and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Boot Barn Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Property Plant And Equipment Net vs Retained Earnings
Property Plant And Equipment Net vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Boot Barn Holdings Property Plant And Equipment Net account and
Retained Earnings. At this time, the significance of the direction appears to have totally related.
The correlation between Boot Barn's Property Plant And Equipment Net and Retained Earnings is 0.99. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Boot Barn Holdings, assuming nothing else is changed. The correlation between historical values of Boot Barn's Property Plant And Equipment Net and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Boot Barn Holdings are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Property Plant And Equipment Net i.e., Boot Barn's Property Plant And Equipment Net and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Boot Barn's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boot Barn Holdings 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Boot Barn Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Selling General Administrative is likely to drop to about 205.9
M in 2024.
Tax Provision is likely to drop to about 25.5
M in 2024
Boot Barn fundamental ratios Correlations
Click cells to compare fundamentals
Boot Barn Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Boot Barn fundamental ratios Accounts
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Additional Tools for Boot Stock Analysis
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