Simply Roic vs Ptb Ratio 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 Roic and its Ptb Ratio 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.

Roic vs Ptb Ratio

Roic vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Simply Better Brands Roic account and Ptb Ratio. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Simply Better's Roic and Ptb Ratio is 0.8. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Ptb Ratio 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 Roic and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Simply Better Brands are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Roic i.e., Simply Better's Roic and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

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

Click cells to compare fundamentals

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

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 Simply Stock Analysis

When running Simply Better's price analysis, check to measure Simply Better'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 Simply Better is operating at the current time. Most of Simply Better's value examination focuses on studying past and present price action to predict the probability of Simply Better's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Simply Better's price. Additionally, you may evaluate how the addition of Simply Better to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC