Reitmans Income Before Tax vs Net Interest Income Analysis

RET-A Stock

CAD 2.55 0.04 1.54%

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

Income Before Tax vs Net Interest Income

Income Before Tax vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reitmans Limited Income Before Tax account and Net Interest Income. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Reitmans' Income Before Tax and Net Interest Income is -0.03. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Reitmans Limited, assuming nothing else is changed. The correlation between historical values of Reitmans' Income Before Tax and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Reitmans Limited are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Income Before Tax i.e., Reitmans' Income Before Tax and Net Interest Income go up and down completely randomly.

Correlation Coefficient

-0.03

Relationship Direction	Negative
Relationship Strength	Insignificant

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Reitmans income statement and is an important metric when analyzing Reitmans Limited profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

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

At this time, Reitmans' Tax Provision is fairly stable compared to the past year. Discontinued Operations is likely to climb to about 18.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 335.1 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	353.2M	448.6M	431.0M	337.9M
Total Revenue	662.0M	800.6M	794.7M	634.0M

Gross Profit Total Revenue

Reitmans fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Cash	Non Current Assets Total	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Net Invested Capital	Net Working Capital	Intangible Assets	Capital Stock	Property Plant And Equipment Net
Other Current Liab		0.85	-0.43	-0.72	-0.74	-0.52	-0.37	0.48	-0.66	0.63	0.14	-0.45	-0.34	0.21	-0.38	-0.77	-0.23	0.01	0.08	0.24	0.65	-0.8	-0.79	-0.24	-0.36	-0.36
Total Current Liabilities	0.85		-0.1	-0.54	-0.6	-0.15	-0.2	0.58	-0.34	0.32	0.2	-0.23	-0.15	0.52	0.04	-0.63	-0.06	0.27	0.24	0.4	0.83	-0.67	-0.7	0.16	-0.17	0.02
Other Liab	-0.43	-0.1		0.88	0.79	0.95	0.94	0.41	0.6	-0.8	-0.35	0.92	0.94	-0.16	0.73	0.77	0.55	-0.17	0.8	-0.45	-0.36	0.76	0.73	0.95	0.93	0.95
Net Tangible Assets	-0.72	-0.54	0.88		0.96	0.85	0.9	0.09	0.65	-0.81	-0.37	0.9	0.89	-0.45	0.55	0.95	0.49	-0.34	0.59	-0.65	-0.74	0.96	0.95	0.7	0.88	0.76
Retained Earnings	-0.74	-0.6	0.79	0.96		0.79	0.84	-0.1	0.59	-0.83	-0.31	0.9	0.8	-0.49	0.6	0.99	0.62	-0.27	0.52	-0.59	-0.74	0.99	0.98	0.56	0.83	0.71
Accounts Payable	-0.52	-0.15	0.95	0.85	0.79		0.82	0.21	0.52	-0.93	-0.24	0.88	0.82	0.02	0.81	0.77	0.62	0.09	0.61	-0.24	-0.28	0.74	0.72	0.88	0.8	0.95
Other Assets	-0.37	-0.2	0.94	0.9	0.84	0.82		0.42	0.51	-0.71	-0.46	0.94	0.99	-0.47	0.55	0.82	0.55	-0.44	0.87	-0.7	-0.56	0.81	0.8	0.82	0.98	0.83
Net Receivables	0.48	0.58	0.41	0.09	-0.1	0.21	0.42		0.08	0.14	-0.08	0.2	0.48	-0.01	-0.04	-0.14	-0.18	-0.39	0.7	-0.32	0.15	-0.14	-0.16	0.59	0.43	0.33
Inventory	-0.66	-0.34	0.6	0.65	0.59	0.52	0.51	0.08		-0.41	0.01	0.53	0.55	-0.19	0.39	0.6	0.11	-0.28	0.34	-0.39	-0.42	0.63	0.59	0.58	0.57	0.46
Other Current Assets	0.63	0.32	-0.8	-0.81	-0.83	-0.93	-0.71	0.14	-0.41		0.28	-0.84	-0.68	0.02	-0.82	-0.82	-0.75	-0.21	-0.4	0.17	0.34	-0.79	-0.78	-0.66	-0.67	-0.84
Other Stockholder Equity	0.14	0.2	-0.35	-0.37	-0.31	-0.24	-0.46	-0.08	0.01	0.28		-0.36	-0.41	0.35	-0.16	-0.35	-0.22	0.26	-0.36	0.37	0.31	-0.35	-0.35	-0.26	-0.41	-0.29
Total Current Assets	-0.45	-0.23	0.92	0.9	0.9	0.88	0.94	0.2	0.53	-0.84	-0.36		0.93	-0.39	0.75	0.89	0.76	-0.24	0.79	-0.55	-0.49	0.87	0.85	0.79	0.95	0.89
Common Stock	-0.34	-0.15	0.94	0.89	0.8	0.82	0.99	0.48	0.55	-0.68	-0.41	0.93		-0.44	0.53	0.78	0.5	-0.46	0.88	-0.71	-0.54	0.77	0.76	0.85	0.98	0.82
Property Plant Equipment	0.21	0.52	-0.16	-0.45	-0.49	0.02	-0.47	-0.01	-0.19	0.02	0.35	-0.39	-0.44		0.21	-0.5	-0.17	0.87	-0.39	0.89	0.81	-0.53	-0.57	0.03	-0.47	0.02
Total Assets	-0.38	0.04	0.73	0.55	0.6	0.81	0.55	-0.04	0.39	-0.82	-0.16	0.75	0.53	0.21		0.61	0.83	0.42	0.47	0.12	0.08	0.57	0.52	0.7	0.6	0.88
Total Stockholder Equity	-0.77	-0.63	0.77	0.95	0.99	0.77	0.82	-0.14	0.6	-0.82	-0.35	0.89	0.78	-0.5	0.61		0.64	-0.26	0.5	-0.58	-0.74	1.0	0.99	0.55	0.82	0.71
Cash	-0.23	-0.06	0.55	0.49	0.62	0.62	0.55	-0.18	0.11	-0.75	-0.22	0.76	0.5	-0.17	0.83	0.64		0.2	0.49	-0.09	-0.1	0.58	0.58	0.44	0.58	0.7
Non Current Assets Total	0.01	0.27	-0.17	-0.34	-0.27	0.09	-0.44	-0.39	-0.28	-0.21	0.26	-0.24	-0.46	0.87	0.42	-0.26	0.2		-0.46	0.93	0.69	-0.3	-0.33	-0.08	-0.43	0.1
Common Stock Shares Outstanding	0.08	0.24	0.8	0.59	0.52	0.61	0.87	0.7	0.34	-0.4	-0.36	0.79	0.88	-0.39	0.47	0.5	0.49	-0.46		-0.61	-0.23	0.48	0.46	0.8	0.9	0.74
Non Current Liabilities Total	0.24	0.4	-0.45	-0.65	-0.59	-0.24	-0.7	-0.32	-0.39	0.17	0.37	-0.55	-0.71	0.89	0.12	-0.58	-0.09	0.93	-0.61		0.83	-0.6	-0.63	-0.29	-0.68	-0.2
Total Liab	0.65	0.83	-0.36	-0.74	-0.74	-0.28	-0.56	0.15	-0.42	0.34	0.31	-0.49	-0.54	0.81	0.08	-0.74	-0.1	0.69	-0.23	0.83		-0.78	-0.81	-0.1	-0.52	-0.14
Net Invested Capital	-0.8	-0.67	0.76	0.96	0.99	0.74	0.81	-0.14	0.63	-0.79	-0.35	0.87	0.77	-0.53	0.57	1.0	0.58	-0.3	0.48	-0.6	-0.78		1.0	0.54	0.81	0.67
Net Working Capital	-0.79	-0.7	0.73	0.95	0.98	0.72	0.8	-0.16	0.59	-0.78	-0.35	0.85	0.76	-0.57	0.52	0.99	0.58	-0.33	0.46	-0.63	-0.81	1.0		0.49	0.79	0.64
Intangible Assets	-0.24	0.16	0.95	0.7	0.56	0.88	0.82	0.59	0.58	-0.66	-0.26	0.79	0.85	0.03	0.7	0.55	0.44	-0.08	0.8	-0.29	-0.1	0.54	0.49		0.84	0.92
Capital Stock	-0.36	-0.17	0.93	0.88	0.83	0.8	0.98	0.43	0.57	-0.67	-0.41	0.95	0.98	-0.47	0.6	0.82	0.58	-0.43	0.9	-0.68	-0.52	0.81	0.79	0.84		0.85
Property Plant And Equipment Net	-0.36	0.02	0.95	0.76	0.71	0.95	0.83	0.33	0.46	-0.84	-0.29	0.89	0.82	0.02	0.88	0.71	0.7	0.1	0.74	-0.2	-0.14	0.67	0.64	0.92	0.85

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Reitmans Account Relationship Matchups

Reitmans fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	32.7M	236.2M	34.2M	40.9M	47.0M	70.4M
Total Current Liabilities	189.9M	284.5M	99.0M	122.9M	105.5M	118.5M
Other Liab	34.3M	34.0M	24.2M	3.1M	2.8M	2.6M
Net Tangible Assets	306.1M	173.6M	11.4M	178.2M	160.4M	172.3M
Retained Earnings	156.4M	(15.2M)	147.0M	223.6M	238.7M	166.8M
Accounts Payable	75.1M	2.1M	1.3M	18.3M	22.8M	33.6M
Other Assets	28.0M	24.8M	2.9M	3.0M	2.7M	2.6M
Net Receivables	6.3M	10.7M	7.6M	3.2M	3.5M	5.4M
Inventory	147.4M	114.5M	151.2M	146.7M	122.0M	111.2M
Other Current Assets	1.9M	1.1M	42.6M	14.5M	16.3M	12.2M
Other Stockholder Equity	(1.3M)	(227K)	(854K)	(853K)	(981.0K)	(1.0M)
Total Current Assets	253.7M	214.1M	194.7M	265.9M	259.9M	219.4M
Property Plant Equipment	95.9M	286.2M	169.9M	110.9M	127.6M	164.5M
Total Assets	560.2M	397.2M	314.3M	444.5M	490.8M	365.6M
Total Stockholder Equity	193.8M	21.7M	183.8M	260.8M	279.0M	185.1M
Cash	89.4M	77.9M	25.5M	103.0M	116.7M	72.0M
Non Current Assets Total	306.5M	180.4M	119.6M	178.7M	230.8M	210.6M
Non Current Liabilities Total	176.7M	91.0M	31.4M	60.8M	106.3M	84.0M
Total Liab	366.4M	375.5M	130.4M	183.7M	211.7M	180.5M
Net Invested Capital	193.8M	21.7M	213.5M	260.8M	279.0M	188.5M
Net Working Capital	64.0M	(67.7M)	95.6M	142.9M	154.5M	93.0M
Intangible Assets	20.3M	10.3M	5.6M	2.6M	1.6M	1.5M

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