Reitmans Net Income vs Selling General Administrative Analysis

RET-A Stock  CAD 2.57  0.02  0.78%   
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 Net Income and its Selling General Administrative 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.

Net Income vs Selling General Administrative

Net Income vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reitmans Limited Net Income account and Selling General Administrative. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Reitmans' Net Income and Selling General Administrative is -0.18. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Reitmans Limited, assuming nothing else is changed. The correlation between historical values of Reitmans' Net Income and Selling General Administrative 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 Income of Reitmans Limited are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Net Income i.e., Reitmans' Net Income and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

-0.18
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Reitmans Limited financial statement analysis. It represents the amount of money remaining after all of Reitmans Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Selling General Administrative

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 Profit353.2M448.6M431.0M337.9M
Total Revenue662.0M800.6M794.7M634.0M

Reitmans fundamental ratios Correlations

0.85-0.43-0.72-0.74-0.52-0.370.48-0.660.630.14-0.45-0.340.21-0.38-0.77-0.230.010.080.240.65-0.8-0.79-0.24-0.36-0.36
0.85-0.1-0.54-0.6-0.15-0.20.58-0.340.320.2-0.23-0.150.520.04-0.63-0.060.270.240.40.83-0.67-0.70.16-0.170.02
-0.43-0.10.880.790.950.940.410.6-0.8-0.350.920.94-0.160.730.770.55-0.170.8-0.45-0.360.760.730.950.930.95
-0.72-0.540.880.960.850.90.090.65-0.81-0.370.90.89-0.450.550.950.49-0.340.59-0.65-0.740.960.950.70.880.76
-0.74-0.60.790.960.790.84-0.10.59-0.83-0.310.90.8-0.490.60.990.62-0.270.52-0.59-0.740.990.980.560.830.71
-0.52-0.150.950.850.790.820.210.52-0.93-0.240.880.820.020.810.770.620.090.61-0.24-0.280.740.720.880.80.95
-0.37-0.20.940.90.840.820.420.51-0.71-0.460.940.99-0.470.550.820.55-0.440.87-0.7-0.560.810.80.820.980.83
0.480.580.410.09-0.10.210.420.080.14-0.080.20.48-0.01-0.04-0.14-0.18-0.390.7-0.320.15-0.14-0.160.590.430.33
-0.66-0.340.60.650.590.520.510.08-0.410.010.530.55-0.190.390.60.11-0.280.34-0.39-0.420.630.590.580.570.46
0.630.32-0.8-0.81-0.83-0.93-0.710.14-0.410.28-0.84-0.680.02-0.82-0.82-0.75-0.21-0.40.170.34-0.79-0.78-0.66-0.67-0.84
0.140.2-0.35-0.37-0.31-0.24-0.46-0.080.010.28-0.36-0.410.35-0.16-0.35-0.220.26-0.360.370.31-0.35-0.35-0.26-0.41-0.29
-0.45-0.230.920.90.90.880.940.20.53-0.84-0.360.93-0.390.750.890.76-0.240.79-0.55-0.490.870.850.790.950.89
-0.34-0.150.940.890.80.820.990.480.55-0.68-0.410.93-0.440.530.780.5-0.460.88-0.71-0.540.770.760.850.980.82
0.210.52-0.16-0.45-0.490.02-0.47-0.01-0.190.020.35-0.39-0.440.21-0.5-0.170.87-0.390.890.81-0.53-0.570.03-0.470.02
-0.380.040.730.550.60.810.55-0.040.39-0.82-0.160.750.530.210.610.830.420.470.120.080.570.520.70.60.88
-0.77-0.630.770.950.990.770.82-0.140.6-0.82-0.350.890.78-0.50.610.64-0.260.5-0.58-0.741.00.990.550.820.71
-0.23-0.060.550.490.620.620.55-0.180.11-0.75-0.220.760.5-0.170.830.640.20.49-0.09-0.10.580.580.440.580.7
0.010.27-0.17-0.34-0.270.09-0.44-0.39-0.28-0.210.26-0.24-0.460.870.42-0.260.2-0.460.930.69-0.3-0.33-0.08-0.430.1
0.080.240.80.590.520.610.870.70.34-0.4-0.360.790.88-0.390.470.50.49-0.46-0.61-0.230.480.460.80.90.74
0.240.4-0.45-0.65-0.59-0.24-0.7-0.32-0.390.170.37-0.55-0.710.890.12-0.58-0.090.93-0.610.83-0.6-0.63-0.29-0.68-0.2
0.650.83-0.36-0.74-0.74-0.28-0.560.15-0.420.340.31-0.49-0.540.810.08-0.74-0.10.69-0.230.83-0.78-0.81-0.1-0.52-0.14
-0.8-0.670.760.960.990.740.81-0.140.63-0.79-0.350.870.77-0.530.571.00.58-0.30.48-0.6-0.781.00.540.810.67
-0.79-0.70.730.950.980.720.8-0.160.59-0.78-0.350.850.76-0.570.520.990.58-0.330.46-0.63-0.811.00.490.790.64
-0.240.160.950.70.560.880.820.590.58-0.66-0.260.790.850.030.70.550.44-0.080.8-0.29-0.10.540.490.840.92
-0.36-0.170.930.880.830.80.980.430.57-0.67-0.410.950.98-0.470.60.820.58-0.430.9-0.68-0.520.810.790.840.85
-0.360.020.950.760.710.950.830.330.46-0.84-0.290.890.820.020.880.710.70.10.74-0.2-0.140.670.640.920.85
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Reitmans Account Relationship Matchups

Reitmans fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab32.7M236.2M34.2M40.9M47.0M70.4M
Total Current Liabilities189.9M284.5M99.0M122.9M105.5M118.5M
Other Liab34.3M34.0M24.2M3.1M2.8M2.6M
Net Tangible Assets306.1M173.6M11.4M178.2M160.4M172.3M
Retained Earnings156.4M(15.2M)147.0M223.6M238.7M166.8M
Accounts Payable75.1M2.1M1.3M18.3M22.8M33.6M
Other Assets28.0M24.8M2.9M3.0M2.7M2.6M
Net Receivables6.3M10.7M7.6M3.2M3.5M5.4M
Inventory147.4M114.5M151.2M146.7M122.0M111.2M
Other Current Assets1.9M1.1M42.6M14.5M16.3M12.2M
Other Stockholder Equity(1.3M)(227K)(854K)(853K)(981.0K)(1.0M)
Total Current Assets253.7M214.1M194.7M265.9M259.9M219.4M
Property Plant Equipment95.9M286.2M169.9M110.9M127.6M164.5M
Total Assets560.2M397.2M314.3M444.5M490.8M365.6M
Total Stockholder Equity193.8M21.7M183.8M260.8M279.0M185.1M
Cash89.4M77.9M25.5M103.0M116.7M72.0M
Non Current Assets Total306.5M180.4M119.6M178.7M230.8M210.6M
Non Current Liabilities Total176.7M91.0M31.4M60.8M106.3M84.0M
Total Liab366.4M375.5M130.4M183.7M211.7M180.5M
Net Invested Capital193.8M21.7M213.5M260.8M279.0M188.5M
Net Working Capital64.0M(67.7M)95.6M142.9M154.5M93.0M
Intangible Assets20.3M10.3M5.6M2.6M1.6M1.5M

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