Reitmans Price To Sales Ratio vs Book Value Per Share Analysis

RET Stock  CAD 2.74  0.16  5.52%   
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 Price To Sales Ratio and its Book Value Per Share 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.

Price To Sales Ratio vs Book Value Per Share

Price To Sales Ratio vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reitmans Canada Price To Sales Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Reitmans Canada's Price To Sales Ratio and Book Value Per Share is 0.57. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Book Value Per Share 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 Price To Sales Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Reitmans Canada are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Price To Sales Ratio i.e., Reitmans Canada's Price To Sales Ratio and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

0.57
Relationship DirectionPositive 
Relationship StrengthWeak

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Reitmans Canada stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Reitmans Canada sales, a figure that is much harder to manipulate than other Reitmans Canada multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
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.
 2021 2022 2023 2024 (projected)
Gross Profit353.2M448.6M431.0M347.9M
Total Revenue662.0M800.6M794.7M649.9M

Reitmans Canada fundamental ratios Correlations

-0.380.010.730.830.680.720.880.880.740.690.08-0.050.46-0.86-0.11-0.09-0.590.850.80.680.090.590.660.620.73
-0.380.85-0.73-0.43-0.72-0.74-0.52-0.26-0.13-0.370.480.24-0.660.630.140.670.21-0.45-0.26-0.340.210.08-0.8-0.79-0.36
0.010.85-0.58-0.1-0.54-0.6-0.15-0.070.29-0.20.580.41-0.340.320.20.820.07-0.230.12-0.150.520.24-0.67-0.7-0.17
0.73-0.73-0.580.80.961.00.790.740.170.85-0.08-0.590.59-0.83-0.3-0.73-0.670.910.650.82-0.490.540.990.980.84
0.83-0.43-0.10.80.880.790.950.680.320.940.41-0.440.6-0.8-0.35-0.37-0.670.920.970.94-0.160.80.760.730.93
0.68-0.72-0.540.960.880.960.850.630.090.90.09-0.640.65-0.81-0.37-0.73-0.680.90.750.89-0.450.590.960.950.88
0.72-0.74-0.61.00.790.960.790.740.170.84-0.1-0.590.59-0.83-0.31-0.74-0.660.90.630.8-0.490.520.990.980.83
0.88-0.52-0.150.790.950.850.790.720.490.820.21-0.240.52-0.93-0.24-0.26-0.640.880.890.820.020.610.740.720.8
0.88-0.26-0.070.740.680.630.740.720.490.68-0.05-0.220.21-0.8-0.16-0.22-0.550.860.60.65-0.220.60.670.670.71
0.74-0.130.290.170.320.090.170.490.490.06-0.120.590.16-0.490.250.47-0.220.260.390.050.660.060.110.040.11
0.69-0.37-0.20.850.940.90.840.820.680.060.42-0.70.51-0.71-0.46-0.57-0.710.940.870.99-0.470.870.810.80.98
0.080.480.58-0.080.410.09-0.10.21-0.05-0.120.42-0.310.080.14-0.080.14-0.340.20.580.48-0.010.7-0.14-0.160.43
-0.050.240.41-0.59-0.44-0.64-0.59-0.24-0.220.59-0.7-0.31-0.370.160.370.840.53-0.54-0.35-0.70.89-0.59-0.6-0.63-0.67
0.46-0.66-0.340.590.60.650.590.520.210.160.510.08-0.37-0.410.01-0.52-0.350.530.60.55-0.190.340.630.590.57
-0.860.630.32-0.83-0.8-0.81-0.83-0.93-0.8-0.49-0.710.140.16-0.410.280.30.54-0.84-0.68-0.680.02-0.4-0.79-0.78-0.67
-0.110.140.2-0.3-0.35-0.37-0.31-0.24-0.160.25-0.46-0.080.370.010.280.35-0.07-0.36-0.21-0.410.35-0.36-0.35-0.35-0.41
-0.090.670.82-0.73-0.37-0.73-0.74-0.26-0.220.47-0.570.140.84-0.520.30.350.35-0.51-0.19-0.540.85-0.27-0.79-0.82-0.56
-0.590.210.07-0.67-0.67-0.68-0.66-0.64-0.55-0.22-0.71-0.340.53-0.350.54-0.070.35-0.67-0.66-0.720.22-0.58-0.56-0.55-0.67
0.85-0.45-0.230.910.920.90.90.880.860.260.940.2-0.540.53-0.84-0.36-0.51-0.670.830.93-0.390.790.870.850.95
0.8-0.260.120.650.970.750.630.890.60.390.870.58-0.350.6-0.68-0.21-0.19-0.660.830.89-0.030.830.590.550.88
0.68-0.34-0.150.820.940.890.80.820.650.050.990.48-0.70.55-0.68-0.41-0.54-0.720.930.89-0.440.880.770.760.98
0.090.210.52-0.49-0.16-0.45-0.490.02-0.220.66-0.47-0.010.89-0.190.020.350.850.22-0.39-0.03-0.44-0.39-0.53-0.57-0.47
0.590.080.240.540.80.590.520.610.60.060.870.7-0.590.34-0.4-0.36-0.27-0.580.790.830.88-0.390.480.460.9
0.66-0.8-0.670.990.760.960.990.740.670.110.81-0.14-0.60.63-0.79-0.35-0.79-0.560.870.590.77-0.530.481.00.81
0.62-0.79-0.70.980.730.950.980.720.670.040.8-0.16-0.630.59-0.78-0.35-0.82-0.550.850.550.76-0.570.461.00.79
0.73-0.36-0.170.840.930.880.830.80.710.110.980.43-0.670.57-0.67-0.41-0.56-0.670.950.880.98-0.470.90.810.79
Click cells to compare fundamentals

Reitmans Canada Account Relationship Matchups

Reitmans Canada fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets560.2M397.2M314.3M444.5M490.8M374.7M
Other Current Liab32.7M236.2M34.2M40.9M47.0M70.4M
Total Current Liabilities189.9M284.5M99.0M122.9M105.5M118.5M
Total Stockholder Equity193.8M21.7M183.8M260.8M279.0M199.3M
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
Cash89.4M77.9M25.5M103.0M116.7M75.0M
Non Current Assets Total306.5M180.4M119.6M178.7M230.8M155.1M
Other Assets28.0M24.8M2.9M3.0M2.7M2.6M
Net Receivables6.3M10.7M7.6M3.2M3.5M5.4M
Non Current Liabilities Total176.7M91.0M31.4M60.8M106.3M78.2M
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 Liab366.4M375.5M130.4M183.7M211.7M241.2M
Total Current Assets253.7M214.1M194.7M265.9M259.9M219.4M
Intangible Assets20.3M10.3M5.6M2.6M1.6M1.5M
Property Plant Equipment95.9M286.2M169.9M110.9M127.6M164.5M
Net Invested Capital193.8M21.7M213.5M260.8M279.0M188.5M
Net Working Capital64.0M(67.7M)95.6M142.9M154.5M93.0M

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 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.