Reitmans Total Assets vs Asset Turnover 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 Total Assets and its Asset Turnover 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.

Total Assets vs Asset Turnover

Total Assets vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reitmans Limited Total Assets account and Asset Turnover. At this time, the significance of the direction appears to have weak relationship.

The correlation between Reitmans' Total Assets and Asset Turnover is 0.3. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Reitmans Limited, assuming nothing else is changed. The correlation between historical values of Reitmans' Total Assets and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Reitmans Limited are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Total Assets i.e., Reitmans' Total Assets and Asset Turnover go up and down completely randomly.

Correlation Coefficient

0.3

Relationship Direction	Positive
Relationship Strength	Very Weak

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Total Assets

Total assets refers to the total amount of Reitmans assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Reitmans Limited books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

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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