SmartCentres Inventory Turnover vs Free Cash Flow Yield Analysis

SRU-UN Stock

CAD 25.21 0.03 0.12%

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

Inventory Turnover vs Free Cash Flow Yield

Inventory Turnover vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SmartCentres Real Estate Inventory Turnover account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between SmartCentres Real's Inventory Turnover and Free Cash Flow Yield is -0.08. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of SmartCentres Real Estate, assuming nothing else is changed. The correlation between historical values of SmartCentres Real's Inventory Turnover and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of SmartCentres Real Estate are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Inventory Turnover i.e., SmartCentres Real's Inventory Turnover and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.08

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

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.

Most indicators from SmartCentres Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SmartCentres Real Estate 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 SmartCentres Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

At present, SmartCentres Real's Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 19.84, whereas Selling General Administrative is forecasted to decline to about 20.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	141.2M	147.5M	160.3M	96.9M
Depreciation And Amortization	361.1M	244.0M	347.0M	364.4M

Interest Expense Depreciation And Amortization

SmartCentres Real fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Inventory	Intangible Assets	Short Term Investments	Current Deferred Revenue
Total Assets		0.99	0.24	0.71	0.84	0.41	1.0	0.72	0.94	0.28	1.0	-0.34	0.28	0.58	0.97	0.98	0.44	-0.33	0.99	0.41	0.51	0.7	0.52	-0.31	0.04	0.73
Short Long Term Debt Total	0.99		0.29	0.76	0.84	0.46	0.99	0.7	0.93	0.39	0.98	-0.37	0.39	0.62	0.96	0.99	0.4	-0.3	0.99	0.46	0.6	0.75	0.52	-0.29	0.03	0.73
Other Current Liab	0.24	0.29		0.24	0.19	0.11	0.28	0.21	0.24	0.17	0.24	0.2	0.17	0.19	0.36	0.37	0.02	0.17	0.35	0.11	0.18	0.17	0.04	-0.53	-0.05	0.0
Total Current Liabilities	0.71	0.76	0.24		0.8	0.62	0.71	0.74	0.63	0.49	0.69	-0.38	0.49	0.8	0.66	0.68	0.28	-0.34	0.75	0.62	0.66	0.93	0.65	-0.23	-0.36	0.69
Total Stockholder Equity	0.84	0.84	0.19	0.8		0.43	0.85	0.95	0.82	0.15	0.84	-0.43	0.15	0.78	0.81	0.83	0.44	-0.65	0.82	0.43	0.39	0.61	0.76	-0.32	-0.45	0.74
Property Plant And Equipment Net	0.41	0.46	0.11	0.62	0.43		0.39	0.45	0.17	0.65	0.36	-0.43	0.65	0.7	0.27	0.44	0.41	-0.27	0.48	1.0	0.78	0.57	0.58	0.11	-0.26	0.74
Net Debt	1.0	0.99	0.28	0.71	0.85	0.39		0.74	0.95	0.25	1.0	-0.36	0.25	0.59	0.97	0.99	0.43	-0.33	0.99	0.39	0.48	0.69	0.52	-0.31	0.02	0.72
Retained Earnings	0.72	0.7	0.21	0.74	0.95	0.45	0.74		0.68	-0.01	0.73	-0.47	-0.01	0.82	0.66	0.72	0.54	-0.71	0.71	0.45	0.26	0.52	0.87	-0.26	-0.62	0.78
Accounts Payable	0.94	0.93	0.24	0.63	0.82	0.17	0.95	0.68		0.19	0.95	-0.31	0.19	0.48	0.94	0.92	0.29	-0.36	0.92	0.17	0.38	0.59	0.48	-0.33	0.01	0.58
Cash	0.28	0.39	0.17	0.49	0.15	0.65	0.25	-0.01	0.19		0.22	-0.14	1.0	0.34	0.25	0.3	-0.06	0.09	0.36	0.65	0.95	0.57	0.13	0.01	0.12	0.23
Non Current Assets Total	1.0	0.98	0.24	0.69	0.84	0.36	1.0	0.73	0.95	0.22		-0.33	0.22	0.56	0.97	0.98	0.44	-0.34	0.98	0.36	0.45	0.67	0.51	-0.33	0.04	0.72
Non Currrent Assets Other	-0.34	-0.37	0.2	-0.38	-0.43	-0.43	-0.36	-0.47	-0.31	-0.14	-0.33		-0.14	-0.68	-0.16	-0.36	-0.24	0.47	-0.35	-0.43	-0.35	-0.27	-0.65	-0.69	0.32	-0.64
Cash And Short Term Investments	0.28	0.39	0.17	0.49	0.15	0.65	0.25	-0.01	0.19	1.0	0.22	-0.14		0.34	0.25	0.3	-0.06	0.09	0.36	0.65	0.95	0.57	0.13	0.01	0.12	0.23
Net Receivables	0.58	0.62	0.19	0.8	0.78	0.7	0.59	0.82	0.48	0.34	0.56	-0.68	0.34		0.48	0.6	0.39	-0.65	0.62	0.7	0.59	0.63	0.83	0.06	-0.63	0.75
Common Stock Shares Outstanding	0.97	0.96	0.36	0.66	0.81	0.27	0.97	0.66	0.94	0.25	0.97	-0.16	0.25	0.48		0.96	0.35	-0.26	0.96	0.27	0.44	0.65	0.38	-0.5	0.08	0.57
Non Current Liabilities Total	0.98	0.99	0.37	0.68	0.83	0.44	0.99	0.72	0.92	0.3	0.98	-0.36	0.3	0.6	0.96		0.45	-0.32	0.99	0.44	0.53	0.65	0.53	-0.32	0.02	0.73
Other Current Assets	0.44	0.4	0.02	0.28	0.44	0.41	0.43	0.54	0.29	-0.06	0.44	-0.24	-0.06	0.39	0.35	0.45		-0.14	0.43	0.41	0.15	0.21	0.46	-0.11	-0.08	0.62
Other Stockholder Equity	-0.33	-0.3	0.17	-0.34	-0.65	-0.27	-0.33	-0.71	-0.36	0.09	-0.34	0.47	0.09	-0.65	-0.26	-0.32	-0.14		-0.28	-0.27	-0.1	-0.1	-0.77	-0.03	0.75	-0.48
Total Liab	0.99	0.99	0.35	0.75	0.82	0.48	0.99	0.71	0.92	0.36	0.98	-0.35	0.36	0.62	0.96	0.99	0.43	-0.28		0.48	0.58	0.74	0.53	-0.31	0.02	0.74
Property Plant And Equipment Gross	0.41	0.46	0.11	0.62	0.43	1.0	0.39	0.45	0.17	0.65	0.36	-0.43	0.65	0.7	0.27	0.44	0.41	-0.27	0.48		0.78	0.57	0.58	0.11	-0.26	0.74
Total Current Assets	0.51	0.6	0.18	0.66	0.39	0.78	0.48	0.26	0.38	0.95	0.45	-0.35	0.95	0.59	0.44	0.53	0.15	-0.1	0.58	0.78		0.71	0.38	0.04	0.0	0.5
Short Term Debt	0.7	0.75	0.17	0.93	0.61	0.57	0.69	0.52	0.59	0.57	0.67	-0.27	0.57	0.63	0.65	0.65	0.21	-0.1	0.74	0.57	0.71		0.43	-0.2	-0.07	0.61
Inventory	0.52	0.52	0.04	0.65	0.76	0.58	0.52	0.87	0.48	0.13	0.51	-0.65	0.13	0.83	0.38	0.53	0.46	-0.77	0.53	0.58	0.38	0.43		0.08	-0.69	0.83
Intangible Assets	-0.31	-0.29	-0.53	-0.23	-0.32	0.11	-0.31	-0.26	-0.33	0.01	-0.33	-0.69	0.01	0.06	-0.5	-0.32	-0.11	-0.03	-0.31	0.11	0.04	-0.2	0.08		0.02	0.1
Short Term Investments	0.04	0.03	-0.05	-0.36	-0.45	-0.26	0.02	-0.62	0.01	0.12	0.04	0.32	0.12	-0.63	0.08	0.02	-0.08	0.75	0.02	-0.26	0.0	-0.07	-0.69	0.02		-0.25
Current Deferred Revenue	0.73	0.73	0.0	0.69	0.74	0.74	0.72	0.78	0.58	0.23	0.72	-0.64	0.23	0.75	0.57	0.73	0.62	-0.48	0.74	0.74	0.5	0.61	0.83	0.1	-0.25

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SmartCentres Real Account Relationship Matchups

SmartCentres Real fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.9B	10.7B	11.3B	11.7B	11.9B	6.0B
Short Long Term Debt Total	4.2B	5.2B	4.9B	5.0B	5.0B	2.8B
Other Current Liab	61.6M	77.6M	55.7M	54.5M	53.3M	69.3M
Total Current Liabilities	333.0M	1.1B	931.5M	720.4M	859.0M	901.9M
Total Stockholder Equity	4.5B	4.3B	4.9B	5.1B	5.3B	5.5B
Property Plant And Equipment Net	2.6M	6.6M	4.9M	4.4M	4.2M	4.0M
Net Debt	4.2B	4.4B	4.8B	4.9B	5.0B	2.7B
Retained Earnings	1.4B	1.2B	1.8B	2.0B	2.2B	2.3B
Accounts Payable	86.2M	77.3M	78.5M	86.6M	95.4M	54.9M
Cash	55.4M	794.6M	62.2M	35.3M	34.7M	33.0M
Non Current Assets Total	9.7B	9.7B	11.1B	11.4B	11.6B	5.9B
Non Currrent Assets Other	38.0M	36.7M	82.8M	(1.0B)	(1.1B)	(1.1B)
Cash And Short Term Investments	55.4M	794.6M	62.2M	35.3M	34.7M	33.0M
Net Receivables	87.6M	183.9M	121.5M	143.7M	203.4M	213.6M
Common Stock Shares Outstanding	170.6M	173.0M	173.7M	179.7M	180.0M	109.4M
Liabilities And Stockholders Equity	9.9B	10.7B	11.3B	11.7B	11.9B	6.0B
Non Current Liabilities Total	4.2B	4.5B	4.5B	4.8B	4.7B	2.7B
Other Current Assets	5.0M	8.4M	12.3M	56.8M	15.0M	12.2M
Other Stockholder Equity	(6.8B)	(1.2B)	(1.8B)	(2.0B)	(8.5B)	(8.1B)
Total Liab	4.6B	5.6B	5.5B	5.5B	5.5B	3.0B
Property Plant And Equipment Gross	2.6M	6.6M	4.9M	4.4M	4.2M	4.0M
Total Current Assets	179.3M	1.0B	223.4M	276.1M	304.9M	159.1M
Short Term Debt	115.4M	854.3M	678.4M	459.3M	605.5M	370.2M
Inventory	24.6M	25.8M	27.4M	40.4M	51.7M	54.3M
Intangible Assets	33.8M	32.5M	31.2M	29.8M	28.5M	27.1M
Current Deferred Revenue	69.8M	87.5M	118.8M	120.1M	104.8M	72.9M
Common Stock Total Equity	2.7B	2.8B	3.1B	3.1B	3.6B	2.9B
Common Stock	3.1B	3.1B	3.1B	3.1B	3.6B	3.0B
Other Liab	108.7M	82.9M	324.7M	284.2M	326.8M	343.1M
Net Tangible Assets	4.4B	4.3B	4.8B	5.1B	5.8B	4.7B
Other Assets	359.3M	470.3M	590.2M	575.3M	661.6M	414.5M
Long Term Debt	4.1B	4.4B	4.2B	4.5B	4.4B	4.4B
Long Term Investments	345.4M	463.2M	654.4M	681.0M	756.9M	415.9M
Short Long Term Debt	115.4M	854.3M	678.4M	459.3M	605.5M	548.6M
Property Plant Equipment	9.1B	8.9B	9.9B	10.2B	11.7B	9.9B
Net Invested Capital	8.7B	9.5B	9.7B	10.1B	10.3B	10.2B
Net Working Capital	(153.7M)	(84.0M)	(708.1M)	(444.3M)	(554.1M)	(581.8M)
Capital Stock	3.1B	3.1B	3.1B	3.1B	3.6B	3.3B
Non Current Liabilities Other	65.4M	48.5M	11.1M	228.3M	218.9M	116.7M

Pair Trading with SmartCentres Real

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 SmartCentres Real 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 SmartCentres Real will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to SmartCentres Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SmartCentres Real 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 SmartCentres Real - 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 SmartCentres Real Estate to buy it.

The correlation of SmartCentres Real 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 SmartCentres Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SmartCentres Real Estate 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 SmartCentres Real 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.

Pair Correlation Correlation Matching

Other Information on Investing in SmartCentres Stock

Balance Sheet is a snapshot of the financial position of SmartCentres Real Estate at a specified time, usually calculated after every quarter, six months, or one year. SmartCentres Real Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SmartCentres Real 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 SmartCentres currently owns. An asset can also be divided into two categories, current and non-current.

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SmartCentres Inventory Turnover vs Free Cash Flow Yield Analysis

Inventory Turnover vs Free Cash Flow Yield

Inventory Turnover vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Inventory Turnover

Free Cash Flow Yield

SmartCentres Real fundamental ratios Correlations

SmartCentres Real Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SmartCentres Real fundamental ratios Accounts

Pair Trading with SmartCentres Real

Other Information on Investing in SmartCentres Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 0.99	Total Assets

Inventory	- 0.77	Other Stockholder Equity
Other Stockholder Equity	- 0.71	Retained Earnings
Short Term Investments	- 0.69	Inventory
Intangible Assets	- 0.69	Non Currrent Assets Other
Net Receivables	- 0.68	Non Currrent Assets Other
Other Stockholder Equity	- 0.65	Net Receivables