RET Stock | | | CAD 2.75 0.01 0.36% |
Reitmans Canada financial indicator trend analysis is much more than just breaking down Reitmans Canada prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reitmans Canada is a good investment. Please check the relationship between Reitmans Canada Asset Turnover and its Total Current Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reitmans Canada. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Asset Turnover vs Total Current Assets
Asset Turnover vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Reitmans Canada Asset Turnover account and
Total Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Reitmans Canada's Asset Turnover and Total Current Assets is 0.2. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Reitmans Canada, assuming nothing else is changed. The correlation between historical values of Reitmans Canada's Asset Turnover and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Reitmans Canada are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Asset Turnover i.e., Reitmans Canada's Asset Turnover and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.2 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Reitmans Canada's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reitmans Canada 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 Canada. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Reitmans Canada's
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 345.4
M in 2024.
Reitmans Canada fundamental ratios Correlations
Click cells to compare fundamentals
Reitmans Canada Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Reitmans Canada fundamental ratios Accounts
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.
Additional Tools for Reitmans Stock Analysis
When running Reitmans Canada's price analysis, check to
measure Reitmans Canada's 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 Canada is operating at the current time. Most of Reitmans Canada's value examination focuses on studying past and present price action to
predict the probability of Reitmans Canada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reitmans Canada's price. Additionally, you may evaluate how the addition of Reitmans Canada to your portfolios can decrease your overall portfolio volatility.