Boyd Retained Earnings vs Current Deferred Revenue Analysis

BYD Stock

CAD 203.31 4.19 2.02%

Boyd Group financial indicator trend analysis is way more than just evaluating Boyd Group Services prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boyd Group Services is a good investment. Please check the relationship between Boyd Group Retained Earnings and its Current Deferred Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boyd Group Services. 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.

Retained Earnings vs Current Deferred Revenue

Retained Earnings vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boyd Group Services Retained Earnings account and Current Deferred Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Boyd Group's Retained Earnings and Current Deferred Revenue is -0.32. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Boyd Group Services, assuming nothing else is changed. The correlation between historical values of Boyd Group's Retained Earnings and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Boyd Group Services are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Retained Earnings i.e., Boyd Group's Retained Earnings and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Boyd Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boyd Group Services 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Boyd Group Services. 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, Boyd Group's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 5.9 B, while Tax Provision is likely to drop about 18.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	839.3M	1.1B	1.5B	1.6B
Total Revenue	1.9B	2.4B	4.0B	4.2B

Gross Profit Total Revenue

Boyd Group fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Total Assets		0.99	0.31	1.0	0.99	0.99	-0.31	0.99	0.94	0.99	-0.07	1.0	0.28	0.95	-0.08	0.96	0.95	0.54	0.99	0.98	0.98	-0.21	1.0	0.99	0.98	0.98
Short Long Term Debt Total	0.99		0.24	0.98	0.96	0.99	-0.33	0.99	0.93	0.97	-0.13	0.99	0.22	0.94	-0.14	0.92	0.92	0.5	0.99	0.97	0.97	-0.21	0.99	0.99	0.95	0.99
Other Current Liab	0.31	0.24		0.35	0.37	0.24	-0.02	0.22	0.33	0.39	0.24	0.3	0.95	0.16	0.24	0.42	0.39	0.36	0.24	0.32	0.37	-0.2	0.27	0.24	0.37	0.19
Total Current Liabilities	1.0	0.98	0.35		0.99	0.99	-0.29	0.98	0.94	1.0	-0.05	1.0	0.32	0.94	-0.07	0.97	0.95	0.55	0.99	0.98	0.99	-0.21	0.99	0.98	0.98	0.97
Total Stockholder Equity	0.99	0.96	0.37	0.99		0.97	-0.29	0.96	0.93	0.98	0.0	0.99	0.32	0.93	-0.01	0.96	0.98	0.58	0.97	0.96	0.97	-0.23	0.97	0.97	0.97	0.96
Property Plant And Equipment Net	0.99	0.99	0.24	0.99	0.97		-0.31	1.0	0.96	0.97	-0.15	0.99	0.22	0.96	-0.16	0.93	0.91	0.45	0.99	0.98	0.96	-0.17	0.99	0.98	0.95	0.99
Current Deferred Revenue	-0.31	-0.33	-0.02	-0.29	-0.29	-0.31		-0.33	-0.32	-0.26	0.02	-0.31	0.07	-0.31	0.03	-0.24	-0.28	-0.06	-0.32	-0.28	-0.25	0.53	-0.31	-0.33	-0.26	-0.34
Net Debt	0.99	0.99	0.22	0.98	0.96	1.0	-0.33		0.94	0.96	-0.17	0.99	0.2	0.96	-0.19	0.92	0.91	0.46	1.0	0.98	0.96	-0.18	1.0	0.99	0.94	0.99
Retained Earnings	0.94	0.93	0.33	0.94	0.93	0.96	-0.32	0.94		0.92	-0.24	0.94	0.33	0.89	-0.25	0.87	0.84	0.3	0.93	0.92	0.91	-0.12	0.93	0.93	0.88	0.94
Accounts Payable	0.99	0.97	0.39	1.0	0.98	0.97	-0.26	0.96	0.92		-0.02	0.98	0.37	0.92	-0.03	0.99	0.94	0.57	0.97	0.98	1.0	-0.23	0.98	0.95	0.99	0.94
Cash	-0.07	-0.13	0.24	-0.05	0.0	-0.15	0.02	-0.17	-0.24	-0.02		-0.08	0.17	-0.12	1.0	0.01	0.1	0.51	-0.12	-0.16	-0.07	-0.23	-0.1	-0.13	0.07	-0.13
Non Current Assets Total	1.0	0.99	0.3	1.0	0.99	0.99	-0.31	0.99	0.94	0.98	-0.08		0.27	0.95	-0.1	0.95	0.95	0.53	0.99	0.98	0.98	-0.21	1.0	0.99	0.97	0.98
Non Currrent Assets Other	0.28	0.22	0.95	0.32	0.32	0.22	0.07	0.2	0.33	0.37	0.17	0.27		0.1	0.16	0.41	0.29	0.2	0.22	0.3	0.37	-0.1	0.25	0.18	0.35	0.15
Other Assets	0.95	0.94	0.16	0.94	0.93	0.96	-0.31	0.96	0.89	0.92	-0.12	0.95	0.1		-0.13	0.86	0.9	0.47	0.95	0.95	0.9	-0.18	0.95	0.97	0.91	0.96
Cash And Short Term Investments	-0.08	-0.14	0.24	-0.07	-0.01	-0.16	0.03	-0.19	-0.25	-0.03	1.0	-0.1	0.16	-0.13		0.0	0.09	0.51	-0.14	-0.17	-0.09	-0.23	-0.12	-0.14	0.05	-0.15
Net Receivables	0.96	0.92	0.42	0.97	0.96	0.93	-0.24	0.92	0.87	0.99	0.01	0.95	0.41	0.86	0.0		0.93	0.58	0.94	0.95	0.99	-0.24	0.95	0.91	0.99	0.89
Common Stock Total Equity	0.95	0.92	0.39	0.95	0.98	0.91	-0.28	0.91	0.84	0.94	0.1	0.95	0.29	0.9	0.09	0.93		0.71	0.91	0.91	0.92	-0.27	0.93	0.94	0.94	0.91
Common Stock Shares Outstanding	0.54	0.5	0.36	0.55	0.58	0.45	-0.06	0.46	0.3	0.57	0.51	0.53	0.2	0.47	0.51	0.58	0.71		0.49	0.48	0.53	-0.27	0.51	0.54	0.6	0.48
Non Current Liabilities Total	0.99	0.99	0.24	0.99	0.97	0.99	-0.32	1.0	0.93	0.97	-0.12	0.99	0.22	0.95	-0.14	0.94	0.91	0.49		0.99	0.97	-0.2	1.0	0.98	0.96	0.98
Inventory	0.98	0.97	0.32	0.98	0.96	0.98	-0.28	0.98	0.92	0.98	-0.16	0.98	0.3	0.95	-0.17	0.95	0.91	0.48	0.99		0.98	-0.18	0.99	0.97	0.97	0.95
Other Current Assets	0.98	0.97	0.37	0.99	0.97	0.96	-0.25	0.96	0.91	1.0	-0.07	0.98	0.37	0.9	-0.09	0.99	0.92	0.53	0.97	0.98		-0.23	0.98	0.94	0.98	0.93
Other Stockholder Equity	-0.21	-0.21	-0.2	-0.21	-0.23	-0.17	0.53	-0.18	-0.12	-0.23	-0.23	-0.21	-0.1	-0.18	-0.23	-0.24	-0.27	-0.27	-0.2	-0.18	-0.23		-0.2	-0.2	-0.25	-0.18
Total Liab	1.0	0.99	0.27	0.99	0.97	0.99	-0.31	1.0	0.93	0.98	-0.1	1.0	0.25	0.95	-0.12	0.95	0.93	0.51	1.0	0.99	0.98	-0.2		0.98	0.97	0.98
Property Plant And Equipment Gross	0.99	0.99	0.24	0.98	0.97	0.98	-0.33	0.99	0.93	0.95	-0.13	0.99	0.18	0.97	-0.14	0.91	0.94	0.54	0.98	0.97	0.94	-0.2	0.98		0.93	0.99
Total Current Assets	0.98	0.95	0.37	0.98	0.97	0.95	-0.26	0.94	0.88	0.99	0.07	0.97	0.35	0.91	0.05	0.99	0.94	0.6	0.96	0.97	0.98	-0.25	0.97	0.93		0.92
Short Term Debt	0.98	0.99	0.19	0.97	0.96	0.99	-0.34	0.99	0.94	0.94	-0.13	0.98	0.15	0.96	-0.15	0.89	0.91	0.48	0.98	0.95	0.93	-0.18	0.98	0.99	0.92

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Boyd Group Account Relationship Matchups

Boyd Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	1.6B	2.0B	2.1B	3.1B	3.3B
Short Long Term Debt Total	897.8M	599.4M	985.4M	978.1M	1.5B	1.6B
Other Current Liab	712.7K	2.4M	2.4M	2.3M	3.2M	3.4M
Total Current Liabilities	308.0M	305.6M	367.7M	424.3M	622.4M	653.5M
Total Stockholder Equity	468.4M	710.6M	726.4M	746.6M	1.1B	1.1B
Property Plant And Equipment Net	588.2M	619.0M	834.2M	883.0M	1.4B	1.5B
Net Debt	683.8M	537.7M	957.7M	963.0M	1.5B	1.5B
Retained Earnings	34.1M	71.0M	56.7M	88.2M	218.1M	229.0M
Accounts Payable	206.5M	209.8M	258.4M	307.7M	448.1M	470.5M
Cash	27.2M	60.9M	27.7M	15.1M	29.7M	21.6M
Non Current Assets Total	1.3B	1.4B	1.8B	1.8B	2.8B	2.9B
Non Currrent Assets Other	2.6M	4.4M	5.8M	6.1M	318.7M	334.6M
Other Assets	3.3M	6.5M	7.5M	9.9M	11.4M	11.9M
Cash And Short Term Investments	27.2M	60.9M	27.7M	15.1M	29.7M	20.0M
Net Receivables	87.3M	92.9M	110.6M	144.9M	202.4M	212.5M
Common Stock Total Equity	443.5M	475.4M	511.2M	771.9M	887.7M	932.1M
Common Stock Shares Outstanding	18.7M	19.9M	19.9M	21.5M	21.5M	13.6M
Liabilities And Stockholders Equity	1.5B	1.6B	2.0B	2.1B	3.1B	3.3B
Non Current Liabilities Total	679.0M	552.9M	933.0M	931.9M	1.4B	1.5B
Inventory	36.7M	32.0M	66.8M	78.8M	103.6M	108.7M
Other Current Assets	25.6M	20.2M	29.6M	36.5M	55.0M	57.8M
Other Stockholder Equity	3.1M	3.1M	3.7M	4.0M	6.0M	5.7M
Total Liab	987.0M	858.5M	1.3B	1.4B	2.0B	2.2B
Property Plant And Equipment Gross	768.4M	789.3M	1.1B	1.1B	1.4B	1.5B
Total Current Assets	176.7M	206.1M	234.7M	275.3M	390.7M	410.2M
Short Term Debt	100.8M	93.4M	106.8M	114.2M	171.1M	179.7M
Common Stock	349.1M	391.4M	605.4M	600.0M	791.2M	830.8M
Accumulated Other Comprehensive Income	39.9M	31.1M	66.0M	54.3M	76.9M	80.7M
Intangible Assets	265.9M	276.0M	348.7M	332.9M	342.8M	359.9M
Good Will	424.6M	463.0M	602.0M	601.7M	836.0M	877.8M
Long Term Debt	393.1M	209.6M	428.2M	344.8M	399.7M	323.9M
Long Term Debt Total	797.0M	506.0M	878.6M	863.9M	993.4M	542.6M
Property Plant Equipment	768.4M	789.3M	834.2M	883.0M	1.0B	552.6M
Other Liab	90.0M	60.8M	54.4M	68.1M	61.3M	68.0M
Net Tangible Assets	(290.1M)	(36.2M)	(224.3M)	(188.0M)	(169.2M)	(177.7M)
Capital Lease Obligations	513.4M	533.9M	543.3M	617.9M	715.3M	406.0M
Short Long Term Debt	22.1M	19.9M	13.9M	15.4M	22.0M	18.9M

Pair Trading with Boyd Group

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 Boyd Group 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 Boyd Group will appreciate offsetting losses from the drop in the long position's value.

Moving against Boyd Stock

0.47

MSFT

Microsoft Corp CDR

Pair Corr

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

The correlation of Boyd Group 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 Boyd Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boyd Group Services 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 Boyd Group 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 Boyd Stock

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

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Boyd Retained Earnings vs Current Deferred Revenue Analysis

Retained Earnings vs Current Deferred Revenue

Retained Earnings vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Retained Earnings

Current Deferred Revenue

Boyd Group fundamental ratios Correlations

Boyd Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Boyd Group fundamental ratios Accounts

Pair Trading with Boyd Group

Moving against Boyd Stock

Other Information on Investing in Boyd Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Total Current Liabilities
Net Debt	+ 1.0	Property Plant And Equipment Net

Short Term Debt	- 0.34	Current Deferred Revenue
Property Plant And Equipment Gross	- 0.33	Current Deferred Revenue
Net Debt	- 0.33	Current Deferred Revenue
Current Deferred Revenue	- 0.33	Short Long Term Debt Total
Non Current Liabilities Total	- 0.32	Current Deferred Revenue
Retained Earnings	- 0.32	Current Deferred Revenue