SiteOne Property Plant Equipment vs Total Assets Analysis

SITE Stock  USD 156.31  7.54  5.07%   
SiteOne Landscape financial indicator trend analysis is much more than just breaking down SiteOne Landscape Supply prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SiteOne Landscape Supply is a good investment. Please check the relationship between SiteOne Landscape Property Plant Equipment and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SiteOne Landscape Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Property Plant Equipment vs Total Assets

Property Plant Equipment vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SiteOne Landscape Supply Property Plant Equipment account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between SiteOne Landscape's Property Plant Equipment and Total Assets is 0.9. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Assets in the same time period over historical financial statements of SiteOne Landscape Supply, assuming nothing else is changed. The correlation between historical values of SiteOne Landscape's Property Plant Equipment and Total 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 Property Plant Equipment of SiteOne Landscape Supply are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Property Plant Equipment i.e., SiteOne Landscape's Property Plant Equipment and Total Assets go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Property Plant Equipment

Total Assets

Total assets refers to the total amount of SiteOne Landscape assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in SiteOne Landscape Supply books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from SiteOne Landscape's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SiteOne Landscape Supply 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 SiteOne Landscape Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
The current year's Enterprise Value is expected to grow to about 8.5 B, whereas Selling General Administrative is forecasted to decline to about 745.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense19.2M20M27.1M22.0M
Depreciation And Amortization83M103.8M127.7M134.1M

SiteOne Landscape fundamental ratios Correlations

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0.920.861.00.850.880.730.760.670.880.520.790.280.520.910.810.930.860.660.830.950.710.870.780.840.36
0.610.860.70.810.840.980.960.670.820.870.970.110.870.830.970.650.860.810.820.80.970.860.960.860.03
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0.50.70.570.690.680.870.880.520.870.630.880.281.00.650.860.530.660.620.740.650.930.680.870.690.16
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0.340.110.290.120.10.130.10.280.110.110.280.140.280.170.20.240.090.050.210.170.210.130.10.080.31
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0.760.90.830.890.90.990.980.810.970.890.860.990.20.860.90.760.90.790.910.890.960.910.970.90.21
0.730.790.930.740.780.660.740.930.650.780.530.750.240.530.820.760.780.60.640.930.710.790.750.770.34
0.820.990.870.980.990.90.870.860.860.980.660.90.090.660.990.90.780.880.870.950.811.00.870.990.2
0.660.880.690.810.850.820.760.660.810.850.620.790.050.620.860.790.60.880.740.780.730.890.760.9-0.11
0.910.880.840.910.90.910.880.830.820.90.740.90.210.740.90.910.640.870.740.830.820.880.880.870.28
0.850.960.970.930.960.830.860.950.80.950.650.880.170.650.970.890.930.950.780.830.80.960.870.940.3
0.620.830.730.780.80.960.980.710.970.770.930.980.210.930.790.960.710.810.730.820.80.810.980.820.08
0.840.990.890.980.990.90.870.870.860.990.680.90.130.680.990.910.791.00.890.880.960.810.880.990.21
0.710.890.80.860.880.971.00.780.960.840.870.990.10.870.860.970.750.870.760.880.870.980.880.880.12
0.80.990.860.970.980.90.880.840.860.970.690.90.080.690.980.90.770.990.90.870.940.820.990.880.23
0.360.20.360.330.250.110.110.360.030.230.160.160.310.160.240.210.340.2-0.110.280.30.080.210.120.23
Click cells to compare fundamentals

SiteOne Landscape Account Relationship Matchups

SiteOne Landscape fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding42.8M44.1M45.8M45.8M45.7M36.3M
Total Assets1.4B1.7B2.1B2.5B2.8B1.5B
Short Long Term Debt Total782.7M568M606.9M739.5M861.4M566.0M
Other Current Liab82.3M129.2M181.3M180.7M188.8M110.1M
Total Current Liabilities310.8M368.6M512.9M559.8M578.3M336.1M
Total Stockholder Equity393.2M795M1.1B1.3B1.5B1.6B
Property Plant And Equipment Net335.9M386.5M450M510.4M638.3M670.2M
Net Debt763.7M512.8M553.2M710.4M778.9M531.7M
Retained Earnings137.8M259.1M497.5M742.9M916.3M962.1M
Accounts Payable162.2M172.8M254.5M279.7M270.8M179.2M
Cash19M55.2M53.7M29.1M82.5M86.6M
Non Current Assets Total677.5M844.1M987.3M1.2B1.4B1.5B
Cash And Short Term Investments19M55.2M53.7M29.1M82.5M86.6M
Net Receivables290.4M299.6M397.1M466.4M490.6M300.6M
Good Will181.3M250.6M311.1M411.9M485.5M509.8M
Liabilities And Stockholders Equity1.4B1.7B2.1B2.5B2.8B1.5B
Non Current Liabilities Total739.3M532.1M545.5M671.2M764.5M609.6M
Inventory427.1M458.6M636.6M767.7M771.2M483.7M
Other Current Assets29.3M38.2M41.4M56.1M61M36.7M
Other Stockholder Equity261.5M541.8M562M551.8M565.1M593.4M
Total Liab1.1B900.7M1.1B1.2B1.3B945.6M
Property Plant And Equipment Gross339.4M386.5M450M510.4M882.5M926.6M
Total Current Assets765.8M851.6M1.1B1.3B1.4B855.1M
Accumulated Other Comprehensive Income(6.5M)(6.3M)(2.2M)7.7M4.2M4.4M
Short Term Debt59.8M66.6M77.1M88.9M110.7M116.2M
Intangible Assets150.6M196.3M213.9M276M280.8M177.1M
Other Liab11.1M30.7M15.7M20.6M18.5M17.5M
Net Tangible Assets57.8M348.1M532.7M615M707.3M742.6M
Other Assets5.9M6.2M10.7M12.3M8M8.1M
Long Term Debt520.4M260.7M251.2M346.6M367.6M378.2M
Deferred Long Term Liab3.2M5.4M5.1M7.8M7.0M10.4M
Property Plant Equipment335.9M386.5M450M510.4M587.0M616.3M
Long Term Debt Total536.6M260.7M251.2M346.6M311.9M298.9M
Capital Surpluse261.5M541.8M562M577.1M663.7M377.4M
Retained Earnings Total Equity137.8M259.1M497.5M742.9M854.3M897.1M

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When determining whether SiteOne Landscape Supply is a strong investment it is important to analyze SiteOne Landscape's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SiteOne Landscape's future performance. For an informed investment choice regarding SiteOne Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SiteOne Landscape Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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Quarterly Earnings Growth
(0.22)
Earnings Share
3.11
Revenue Per Share
99.324
Quarterly Revenue Growth
0.056
Return On Assets
0.0452
The market value of SiteOne Landscape Supply is measured differently than its book value, which is the value of SiteOne that is recorded on the company's balance sheet. Investors also form their own opinion of SiteOne Landscape's value that differs from its market value or its book value, called intrinsic value, which is SiteOne Landscape's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SiteOne Landscape's market value can be influenced by many factors that don't directly affect SiteOne Landscape's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SiteOne Landscape's value and its price as these two are different measures arrived at by different means. Investors typically determine if SiteOne Landscape is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SiteOne Landscape's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.