Reitmans Retained Earnings vs Inventory 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 Retained Earnings and its Inventory 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.

Retained Earnings vs Inventory

Retained Earnings vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reitmans Limited Retained Earnings account and Inventory. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Reitmans' Retained Earnings and Inventory is 0.59. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Inventory in the same time period over historical financial statements of Reitmans Limited, assuming nothing else is changed. The correlation between historical values of Reitmans' Retained Earnings and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Reitmans Limited are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Retained Earnings i.e., Reitmans' Retained Earnings and Inventory go up and down completely randomly.

Correlation Coefficient

0.59
Relationship DirectionPositive 
Relationship StrengthWeak

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.

Inventory

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
Click cells to compare fundamentals

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Reitmans Stock Analysis

When running Reitmans' price analysis, check to measure Reitmans' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reitmans is operating at the current time. Most of Reitmans' value examination focuses on studying past and present price action to predict the probability of Reitmans' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reitmans' price. Additionally, you may evaluate how the addition of Reitmans to your portfolios can decrease your overall portfolio volatility.