Simply Free Cash Flow Yield vs Capex To Depreciation Analysis

SBBC Stock

CAD 0.95 0.11 13.10%

Simply Better financial indicator trend analysis is much more than just breaking down Simply Better Brands prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Simply Better Brands is a good investment. Please check the relationship between Simply Better Free Cash Flow Yield and its Capex To Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Simply Better Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Simply Better Brands Free Cash Flow Yield account and Capex To Depreciation. At this time, the significance of the direction appears to have strong relationship.

The correlation between Simply Better's Free Cash Flow Yield and Capex To Depreciation is 0.71. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Simply Better Brands, assuming nothing else is changed. The correlation between historical values of Simply Better's Free Cash Flow Yield and Capex To Depreciation 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 Simply Better Brands are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Free Cash Flow Yield i.e., Simply Better's Free Cash Flow Yield and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

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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.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Simply Better's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Simply Better Brands 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Simply Better Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Simply Better reported Tax Provision of (1.03 Million) in 2023. Sales General And Administrative To Revenue is likely to climb to 0.22 in 2024, whereas Selling General Administrative is likely to drop slightly above 30.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	9.7M	44.6M	46.9M	27.9M
Total Revenue	15.6M	65.4M	79.9M	44.0M

Gross Profit Total Revenue

Simply Better fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Accounts Payable	Net Receivables	Inventory	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Cash	Non Current Assets Total	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Net Working Capital	Other Liab	Net Debt
Other Current Liab		-0.34	0.74	-0.2	0.05	-0.23	-0.46	-0.48	-0.33	-0.66	-0.49	0.36	0.47	0.34	-0.68	-0.44	-0.61	-0.03	-0.68	0.43	-0.62	-0.39	0.17	0.22	0.08	-0.38
Total Current Liabilities	-0.34		-0.73	0.88	0.67	0.83	0.92	0.87	0.94	-0.18	0.92	0.11	-0.94	-0.91	0.24	0.84	0.88	0.86	0.07	-0.96	0.87	0.93	-0.85	-0.91	-0.47	0.95
Net Tangible Assets	0.74	-0.73		-0.61	-0.27	-0.62	-0.81	-0.88	-0.68	-0.15	-0.79	0.43	0.85	0.77	-0.82	-0.63	-0.96	-0.52	-0.7	0.82	-0.97	-0.67	0.62	0.54	0.41	-0.69
Accounts Payable	-0.2	0.88	-0.61		0.77	0.95	0.85	0.83	0.92	-0.18	0.85	0.16	-0.9	-0.94	0.15	0.73	0.73	0.87	-0.11	-0.93	0.76	0.84	-0.99	-0.87	-0.74	0.85
Net Receivables	0.05	0.67	-0.27	0.77		0.55	0.76	0.65	0.57	-0.25	0.73	0.62	-0.55	-0.55	-0.09	0.69	0.41	0.62	-0.29	-0.61	0.42	0.75	-0.76	-0.55	-0.24	0.54
Inventory	-0.23	0.83	-0.62	0.95	0.55		0.73	0.77	0.91	-0.11	0.73	-0.07	-0.89	-0.97	0.19	0.59	0.72	0.88	-0.06	-0.9	0.75	0.71	-0.95	-0.86	-0.87	0.84
Other Current Assets	-0.46	0.92	-0.81	0.85	0.76	0.73		0.95	0.83	-0.08	0.98	0.13	-0.91	-0.84	0.44	0.88	0.89	0.72	0.25	-0.92	0.9	0.93	-0.84	-0.74	-0.38	0.83
Total Current Assets	-0.48	0.87	-0.88	0.83	0.65	0.77	0.95		0.77	0.02	0.88	-0.13	-0.9	-0.87	0.6	0.69	0.93	0.78	0.4	-0.89	0.93	0.79	-0.85	-0.65	-0.46	0.74
Common Stock	-0.33	0.94	-0.68	0.92	0.57	0.91	0.83	0.77		-0.23	0.88	0.08	-0.96	-0.95	0.16	0.83	0.82	0.8	-0.03	-0.97	0.83	0.9	-0.88	-0.98	-0.69	0.99
Property Plant Equipment	-0.66	-0.18	-0.15	-0.18	-0.25	-0.11	-0.08	0.02	-0.23		-0.13	-0.3	0.12	0.14	0.34	-0.2	0.01	-0.18	0.38	0.15	0.01	-0.21	0.18	0.3	0.15	-0.23
Total Assets	-0.49	0.92	-0.79	0.85	0.73	0.73	0.98	0.88	0.88	-0.13		0.2	-0.92	-0.83	0.35	0.95	0.87	0.66	0.18	-0.93	0.88	0.98	-0.81	-0.81	-0.39	0.89
Total Stockholder Equity	0.36	0.11	0.43	0.16	0.62	-0.07	0.13	-0.13	0.08	-0.3	0.2		0.1	0.13	-0.72	0.39	-0.28	0.0	-0.74	0.02	-0.29	0.34	-0.09	-0.19	0.26	0.11
Property Plant And Equipment Net	0.47	-0.94	0.85	-0.9	-0.55	-0.89	-0.91	-0.9	-0.96	0.12	-0.92	0.1		0.97	-0.42	-0.81	-0.93	-0.79	-0.23	1.0	-0.95	-0.88	0.88	0.89	0.65	-0.95
Retained Earnings	0.34	-0.91	0.77	-0.94	-0.55	-0.97	-0.84	-0.87	-0.95	0.14	-0.83	0.13	0.97		-0.35	-0.69	-0.87	-0.88	-0.13	0.97	-0.89	-0.8	0.94	0.88	0.78	-0.9
Cash	-0.68	0.24	-0.82	0.15	-0.09	0.19	0.44	0.6	0.16	0.34	0.35	-0.72	-0.42	-0.35		0.14	0.66	0.13	0.96	-0.36	0.66	0.16	-0.2	0.03	-0.13	0.16
Non Current Assets Total	-0.44	0.84	-0.63	0.73	0.69	0.59	0.88	0.69	0.83	-0.2	0.95	0.39	-0.81	-0.69	0.14		0.72	0.49	0.03	-0.83	0.73	0.98	-0.67	-0.81	-0.26	0.88
Other Assets	-0.61	0.88	-0.96	0.73	0.41	0.72	0.89	0.93	0.82	0.01	0.87	-0.28	-0.93	-0.87	0.66	0.72		0.7	0.52	-0.91	1.0	0.79	-0.72	-0.71	-0.43	0.83
Common Stock Shares Outstanding	-0.03	0.86	-0.52	0.87	0.62	0.88	0.72	0.78	0.8	-0.18	0.66	0.0	-0.79	-0.88	0.13	0.49	0.7		-0.09	-0.81	0.69	0.66	-0.89	-0.78	-0.63	0.75
Non Current Liabilities Total	-0.68	0.07	-0.7	-0.11	-0.29	-0.06	0.25	0.4	-0.03	0.38	0.18	-0.74	-0.23	-0.13	0.96	0.03	0.52	-0.09		-0.16	0.51	0.01	0.06	0.19	0.1	0.0
Capital Lease Obligations	0.43	-0.96	0.82	-0.93	-0.61	-0.9	-0.92	-0.89	-0.97	0.15	-0.93	0.02	1.0	0.97	-0.36	-0.83	-0.91	-0.81	-0.16		-0.93	-0.91	0.91	0.91	0.65	-0.95
Total Liab	-0.62	0.87	-0.97	0.76	0.42	0.75	0.9	0.93	0.83	0.01	0.88	-0.29	-0.95	-0.89	0.66	0.73	1.0	0.69	0.51	-0.93		0.8	-0.76	-0.72	-0.5	0.84
Net Invested Capital	-0.39	0.93	-0.67	0.84	0.75	0.71	0.93	0.79	0.9	-0.21	0.98	0.34	-0.88	-0.8	0.16	0.98	0.79	0.66	0.01	-0.91	0.8		-0.79	-0.87	-0.37	0.92
Property Plant And Equipment Gross	0.17	-0.85	0.62	-0.99	-0.76	-0.95	-0.84	-0.85	-0.88	0.18	-0.81	-0.09	0.88	0.94	-0.2	-0.67	-0.72	-0.89	0.06	0.91	-0.76	-0.79		0.81	0.76	-0.8
Net Working Capital	0.22	-0.91	0.54	-0.87	-0.55	-0.86	-0.74	-0.65	-0.98	0.3	-0.81	-0.19	0.89	0.88	0.03	-0.81	-0.71	-0.78	0.19	0.91	-0.72	-0.87	0.81		0.64	-0.98
Other Liab	0.08	-0.47	0.41	-0.74	-0.24	-0.87	-0.38	-0.46	-0.69	0.15	-0.39	0.26	0.65	0.78	-0.13	-0.26	-0.43	-0.63	0.1	0.65	-0.5	-0.37	0.76	0.64		-0.57
Net Debt	-0.38	0.95	-0.69	0.85	0.54	0.84	0.83	0.74	0.99	-0.23	0.89	0.11	-0.95	-0.9	0.16	0.88	0.83	0.75	0.0	-0.95	0.84	0.92	-0.8	-0.98	-0.57

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Simply Better Account Relationship Matchups

Simply Better fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	116.0K	57.7K	113.6K	212.1K	356.3K	224.2K
Total Current Liabilities	1.2M	4.5M	18.5M	24.5M	26.6M	14.0M
Accounts Payable	733.1K	374.9K	1.6M	6.1M	6.0M	6.3M
Net Receivables	864.9K	244.4K	399.7K	4.6M	2.4M	1.7M
Inventory	1.3M	833.9K	2.0M	3.6M	6.2M	6.5M
Other Current Assets	367.2K	1.9M	2.0M	4.5M	2.8M	2.2M
Total Current Assets	3.6M	11.7M	6.7M	15.1M	14.1M	10.0M

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