Roots Total Stockholder Equity vs Total Assets Analysis
| ROOT Stock | CAD 2.00 0.03 1.48% |
Roots Corp financial indicator trend analysis is much more than just breaking down Roots Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Roots Corp is a good investment. Please check the relationship between Roots Corp Total Stockholder Equity and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roots Corp. 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.
Total Stockholder Equity vs Total Assets
Total Stockholder Equity vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Roots Corp Total Stockholder Equity account and Total Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Roots Corp's Total Stockholder Equity and Total Assets is -0.74. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of Roots Corp, assuming nothing else is changed. The correlation between historical values of Roots Corp's Total Stockholder Equity 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 Total Stockholder Equity of Roots Corp 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 Total Stockholder Equity i.e., Roots Corp's Total Stockholder Equity and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.74 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Total Assets
Total assets refers to the total amount of Roots Corp 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 Roots Corp 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 Roots Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Roots Corp 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roots Corp. 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, Roots Corp's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value Over EBITDA is likely to grow to 4.71, while Tax Provision is likely to drop about 774.2 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 30.0M | 29.3M | 29.7M | 24.5M | Interest Income | 8.8M | 8.8M | 569K | 540.6K |
Roots Corp fundamental ratios Correlations
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Roots Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Roots Corp fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 440.8M | 390.3M | 393.7M | 391.9M | 369.9M | 417.0M | |
| Short Long Term Debt Total | 247.9M | 172.3M | 148.9M | 137.2M | 124.9M | 150.0M | |
| Other Current Liab | 158K | 418K | 6.7M | 3.1M | 1.8M | 2.4M | |
| Total Current Liabilities | 67.2M | 65.2M | 68.2M | 75.0M | 57.1M | 58.6M | |
| Total Stockholder Equity | 150.5M | 164.2M | 186.1M | 188.0M | 190.8M | 149.9M | |
| Other Liab | 34.2M | 13.9M | 15.9M | 17.4M | 15.6M | 17.6M | |
| Net Tangible Assets | (46.8M) | (50.5M) | (45.4M) | (20.6M) | (23.7M) | (24.9M) | |
| Property Plant And Equipment Net | 184.0M | 128.0M | 110.8M | 101.7M | 102M | 95.8M | |
| Current Deferred Revenue | 6.0M | 5.8M | 6.3M | 6.0M | 5.3M | 5.7M | |
| Net Debt | 246.9M | 163.1M | 114.8M | 105.2M | 96.8M | 132.7M | |
| Retained Earnings | (49.7M) | (36.6M) | (13.5M) | (5.8M) | (1.6M) | (1.7M) | |
| Accounts Payable | 20.3M | 25.9M | 28.3M | 38.4M | 24.9M | 26.0M | |
| Cash | 949K | 9.2M | 34.2M | 31.9M | 28.0M | 17.3M | |
| Non Current Assets Total | 387.1M | 328.5M | 307.2M | 295.7M | 294.1M | 342.8M | |
| Non Currrent Assets Other | (385.0M) | (326.7M) | (307.2M) | (295.7M) | 300K | 315K | |
| Other Assets | 541K | 562K | 2.1M | 1.8M | 1.6M | 1.1M | |
| Long Term Debt | 84.5M | 66.1M | 56.2M | 52.1M | 41.0M | 58.9M | |
| Cash And Short Term Investments | 949K | 9.2M | 34.2M | 31.9M | 28.0M | 17.3M | |
| Net Receivables | 7.2M | 7.2M | 6.6M | 5.7M | 6.1M | 6.9M | |
| Common Stock Shares Outstanding | 42.1M | 42.4M | 42.8M | 42.3M | 41.0M | 33.8M | |
| Long Term Debt Total | 209.1M | 145.1M | 122.1M | 109.7M | 126.1M | 130.6M | |
| Liabilities And Stockholders Equity | 440.8M | 390.3M | 393.7M | 391.9M | 369.9M | 417.0M | |
| Non Current Liabilities Total | 223.1M | 161.0M | 139.5M | 128.8M | 121.9M | 152.2M | |
| Capital Surpluse | 3.4M | 3.7M | 4.1M | 4.4M | 5.0M | 3.0M | |
| Inventory | 40.2M | 42.4M | 41.3M | 55.0M | 36.2M | 45.3M | |
| Other Current Assets | 5.4M | 3.1M | 4.4M | 3.6M | 5.5M | 4.6M | |
| Other Stockholder Equity | 3.4M | 3.7M | 4.1M | 4.4M | 4.7M | 3.2M | |
| Total Liab | 290.3M | 226.1M | 207.6M | 203.9M | 179.0M | 210.8M | |
| Property Plant And Equipment Gross | 184.0M | 232.3M | 199.8M | 217.5M | 244.5M | 151.0M | |
| Short Long Term Debt | 5.0M | 17.4M | 12.2M | 4.6M | 4.0M | 5.6M | |
| Total Current Assets | 53.7M | 61.9M | 86.5M | 96.2M | 75.8M | 74.2M | |
| Accumulated Other Comprehensive Income | (116K) | (227K) | 346K | 102K | 149K | 156.5K | |
| Short Term Debt | 38.8M | 27.2M | 26.8M | 27.5M | 25.2M | 21.7M | |
| Intangible Assets | 193.1M | 190.8M | 188.5M | 186.2M | 183.9M | 157.1M | |
| Common Stock | 196.9M | 197.3M | 195.1M | 189.3M | 187.5M | 155.6M | |
| Property Plant Equipment | 184.0M | 117.0M | 100.6M | 101.7M | 116.9M | 87.9M | |
| Capital Lease Obligations | 151.2M | 101.2M | 88.1M | 80.4M | 79.9M | 69.1M |
Pair Trading with Roots Corp
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 Roots Corp 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 Roots Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Roots Stock
The ability to find closely correlated positions to Roots Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Roots Corp 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 Roots Corp - 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 Roots Corp to buy it.
The correlation of Roots Corp 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 Roots Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Roots Corp 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 Roots Corp 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.Other Information on Investing in Roots Stock
Balance Sheet is a snapshot of the financial position of Roots Corp at a specified time, usually calculated after every quarter, six months, or one year. Roots Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Roots Corp 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 Roots currently owns. An asset can also be divided into two categories, current and non-current.