Roots Free Cash Flow Yield vs Ev To Sales Analysis
| ROOT Stock | CAD 2.24 0.09 4.19% |
Roots Corp financial indicator trend analysis is much more than just breaking down Roots Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Roots Corp is a good investment. Please check the relationship between Roots Corp Free Cash Flow Yield and its Ev To Sales accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roots Corp. 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.
Free Cash Flow Yield vs Ev To Sales
Free Cash Flow Yield vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Roots Corp Free Cash Flow Yield account and Ev To Sales. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Roots Corp's Free Cash Flow Yield and Ev To Sales is -0.57. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Roots Corp, assuming nothing else is changed. The correlation between historical values of Roots Corp's Free Cash Flow Yield and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Roots Corp are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Free Cash Flow Yield i.e., Roots Corp's Free Cash Flow Yield and Ev To Sales go up and down completely randomly.
Correlation Coefficient | -0.57 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Most indicators from Roots Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Roots Corp 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 Roots Corp. 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, Roots Corp's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 24th of November 2024, Enterprise Value Over EBITDA is likely to grow to 4.71, while Tax Provision is likely to drop about 774.2 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 30.0M | 29.3M | 29.7M | 24.5M | Interest Income | 8.8M | 8.8M | 569K | 540.6K |
Roots Corp fundamental ratios Correlations
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Roots Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Roots Corp fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 440.8M | 390.3M | 393.7M | 391.9M | 369.9M | 417.0M | |
| Short Long Term Debt Total | 247.9M | 172.3M | 148.9M | 137.2M | 124.9M | 150.0M | |
| Other Current Liab | 2.2M | 6.4M | 6.7M | 3.1M | 1.8M | 1.7M | |
| Total Current Liabilities | 67.2M | 65.2M | 68.2M | 75.0M | 57.1M | 58.6M | |
| Total Stockholder Equity | 150.5M | 164.2M | 186.1M | 188.0M | 190.8M | 149.9M | |
| Other Liab | 34.2M | 13.9M | 15.9M | 17.4M | 15.6M | 17.6M | |
| Net Tangible Assets | (46.8M) | (50.5M) | (45.4M) | (20.6M) | (23.7M) | (24.9M) | |
| Property Plant And Equipment Net | 184.0M | 128.0M | 110.8M | 101.7M | 102M | 95.8M | |
| Current Deferred Revenue | 6.0M | 5.8M | 6.3M | 6.0M | 5.3M | 5.7M | |
| Net Debt | 246.9M | 163.1M | 114.8M | 105.2M | 96.8M | 132.7M | |
| Retained Earnings | (49.7M) | (36.6M) | (13.5M) | (5.8M) | (1.6M) | (1.7M) | |
| Accounts Payable | 20.3M | 25.9M | 28.3M | 38.4M | 24.9M | 26.0M | |
| Cash | 949K | 9.2M | 34.2M | 31.9M | 28.0M | 17.3M | |
| Non Current Assets Total | 387.1M | 328.5M | 307.2M | 295.7M | 294.1M | 342.8M | |
| Non Currrent Assets Other | (385.0M) | (326.7M) | (307.2M) | (295.7M) | 300K | 315K | |
| Other Assets | 541K | 562K | 2.1M | 1.8M | 1.6M | 1.1M | |
| Long Term Debt | 84.5M | 66.1M | 56.2M | 52.1M | 41.0M | 58.9M | |
| Cash And Short Term Investments | 949K | 9.2M | 34.2M | 31.9M | 28.0M | 17.3M | |
| Net Receivables | 7.2M | 7.2M | 6.6M | 5.7M | 6.1M | 6.9M | |
| Common Stock Shares Outstanding | 42.1M | 42.4M | 42.8M | 42.3M | 41.0M | 33.8M | |
| Long Term Debt Total | 209.1M | 145.1M | 122.1M | 109.7M | 126.1M | 130.6M | |
| Liabilities And Stockholders Equity | 440.8M | 390.3M | 393.7M | 391.9M | 369.9M | 417.0M | |
| Non Current Liabilities Total | 223.1M | 161.0M | 139.5M | 128.8M | 121.9M | 152.2M | |
| Capital Surpluse | 3.4M | 3.7M | 4.1M | 4.4M | 5.0M | 3.0M | |
| Inventory | 40.2M | 42.4M | 41.3M | 55.0M | 36.2M | 45.3M | |
| Other Current Assets | 5.4M | 3.1M | 5.1M | 3.6M | 5.5M | 4.7M | |
| Other Stockholder Equity | 3.3M | 3.5M | 4.1M | 4.4M | 4.7M | 3.2M | |
| Total Liab | 290.3M | 226.1M | 207.6M | 203.9M | 179.0M | 210.8M | |
| Property Plant And Equipment Gross | 184.0M | 232.3M | 199.8M | 217.5M | 244.5M | 151.0M | |
| Short Long Term Debt | 5.0M | 17.4M | 12.2M | 4.6M | 4.0M | 5.6M | |
| Total Current Assets | 53.7M | 61.9M | 86.5M | 96.2M | 75.8M | 74.2M | |
| Accumulated Other Comprehensive Income | (116K) | (227K) | 346K | 102K | 149K | 156.5K | |
| Short Term Debt | 38.8M | 27.2M | 26.8M | 27.5M | 25.2M | 21.7M | |
| Intangible Assets | 193.1M | 190.8M | 188.5M | 186.2M | 183.9M | 157.1M | |
| Common Stock | 196.9M | 197.3M | 195.1M | 189.3M | 187.5M | 155.6M | |
| Property Plant Equipment | 184.0M | 117.0M | 100.6M | 101.7M | 116.9M | 87.9M | |
| Capital Lease Obligations | 151.2M | 101.2M | 88.1M | 80.4M | 79.9M | 69.1M |
Pair Trading with Roots Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Roots Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Roots Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Roots Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Roots Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Roots Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Roots Corp to buy it.
The correlation of Roots Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Roots Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Roots Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Roots Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Roots Stock
Balance Sheet is a snapshot of the financial position of Roots Corp at a specified time, usually calculated after every quarter, six months, or one year. Roots Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Roots Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Roots currently owns. An asset can also be divided into two categories, current and non-current.