Slate Asset Turnover vs Gross Profit Margin Analysis

SGR-UN Stock

CAD 14.59 0.04 0.27%

Slate Grocery financial indicator trend analysis is much more than just breaking down Slate Grocery REIT prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Slate Grocery REIT is a good investment. Please check the relationship between Slate Grocery Asset Turnover and its Gross Profit Margin accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Slate Grocery REIT. 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.

Asset Turnover vs Gross Profit Margin

Asset Turnover vs Gross Profit Margin Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Slate Grocery REIT Asset Turnover account and Gross Profit Margin. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Slate Grocery's Asset Turnover and Gross Profit Margin is -0.51. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Slate Grocery REIT, assuming nothing else is changed. The correlation between historical values of Slate Grocery's Asset Turnover and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Slate Grocery REIT are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Asset Turnover i.e., Slate Grocery's Asset Turnover and Gross Profit Margin go up and down completely randomly.

Correlation Coefficient

-0.51

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Gross Profit Margin

Most indicators from Slate Grocery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Slate Grocery REIT 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 Slate Grocery REIT. 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, Slate Grocery's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 20.30, whereas Tax Provision is forecasted to decline to about 1.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	100.9M	127.4M	130.5M	84.3M
Total Revenue	138.3M	177.5M	203.3M	117.8M

Gross Profit Total Revenue

Slate Grocery 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	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	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Other Liab	Long Term Debt	Long Term Investments	Short Long Term Debt	Short Term Debt
Total Assets		0.99	0.94	0.58	0.78	1.0	0.99	0.95	0.5	1.0	-0.55	0.5	0.95	0.97	0.88	0.63	0.29	-0.03	0.93	0.95	0.94	0.86	0.92	0.71	-0.11	-0.11
Short Long Term Debt Total	0.99		0.91	0.56	0.75	1.0	1.0	0.96	0.43	0.99	-0.58	0.43	0.92	0.97	0.9	0.6	0.37	-0.05	0.95	0.91	0.95	0.83	0.94	0.64	-0.17	-0.16
Other Current Liab	0.94	0.91		0.6	0.88	0.92	0.9	0.91	0.51	0.94	-0.42	0.51	0.98	0.96	0.69	0.59	0.11	0.02	0.76	0.91	0.87	0.82	0.77	0.81	0.05	0.06
Total Current Liabilities	0.58	0.56	0.6		0.75	0.57	0.55	0.55	0.76	0.58	-0.24	0.76	0.62	0.56	0.35	0.35	0.11	0.18	0.46	0.61	0.51	0.86	0.43	0.82	0.67	0.67
Total Stockholder Equity	0.78	0.75	0.88	0.75		0.76	0.75	0.83	0.51	0.78	-0.33	0.51	0.88	0.85	0.46	0.64	0.01	0.0	0.55	0.79	0.73	0.83	0.63	0.85	0.3	0.31
Property Plant And Equipment Net	1.0	1.0	0.92	0.57	0.76		1.0	0.95	0.47	1.0	-0.61	0.47	0.94	0.97	0.9	0.63	0.32	-0.01	0.94	0.93	0.94	0.85	0.93	0.67	-0.15	-0.15
Net Debt	0.99	1.0	0.9	0.55	0.75	1.0		0.96	0.42	0.99	-0.59	0.42	0.91	0.97	0.9	0.6	0.37	-0.06	0.95	0.91	0.95	0.83	0.94	0.64	-0.17	-0.17
Accounts Payable	0.95	0.96	0.91	0.55	0.83	0.95	0.96		0.31	0.95	-0.52	0.31	0.92	0.98	0.79	0.72	0.34	-0.07	0.84	0.9	0.92	0.79	0.84	0.62	-0.1	-0.1
Cash	0.5	0.43	0.51	0.76	0.51	0.47	0.42	0.31		0.5	-0.18	1.0	0.54	0.39	0.38	0.19	-0.09	0.2	0.45	0.61	0.41	0.8	0.42	0.86	0.46	0.47
Non Current Assets Total	1.0	0.99	0.94	0.58	0.78	1.0	0.99	0.95	0.5		-0.56	0.5	0.95	0.97	0.88	0.63	0.29	-0.03	0.93	0.95	0.94	0.86	0.92	0.7	-0.12	-0.11
Non Currrent Assets Other	-0.55	-0.58	-0.42	-0.24	-0.33	-0.61	-0.59	-0.52	-0.18	-0.56		-0.18	-0.48	-0.52	-0.62	-0.34	-0.3	-0.38	-0.62	-0.47	-0.5	-0.45	-0.62	-0.24	0.32	0.31
Cash And Short Term Investments	0.5	0.43	0.51	0.76	0.51	0.47	0.42	0.31	1.0	0.5	-0.18		0.54	0.39	0.38	0.19	-0.09	0.2	0.45	0.61	0.41	0.8	0.42	0.86	0.46	0.47
Net Receivables	0.95	0.92	0.98	0.62	0.88	0.94	0.91	0.92	0.54	0.95	-0.48	0.54		0.95	0.71	0.7	0.05	-0.02	0.79	0.95	0.88	0.85	0.81	0.8	0.02	0.03
Common Stock Shares Outstanding	0.97	0.97	0.96	0.56	0.85	0.97	0.97	0.98	0.39	0.97	-0.52	0.39	0.95		0.81	0.69	0.26	-0.07	0.86	0.92	0.94	0.82	0.86	0.7	-0.1	-0.09
Non Current Liabilities Total	0.88	0.9	0.69	0.35	0.46	0.9	0.9	0.79	0.38	0.88	-0.62	0.38	0.71	0.81		0.47	0.45	-0.07	0.99	0.76	0.87	0.71	0.94	0.44	-0.4	-0.4
Inventory	0.63	0.6	0.59	0.35	0.64	0.63	0.6	0.72	0.19	0.63	-0.34	0.19	0.7	0.69	0.47		-0.09	-0.22	0.5	0.71	0.67	0.56	0.53	0.43	-0.09	-0.09
Other Current Assets	0.29	0.37	0.11	0.11	0.01	0.32	0.37	0.34	-0.09	0.29	-0.3	-0.09	0.05	0.26	0.45	-0.09		0.16	0.43	0.21	0.23	0.14	0.35	-0.09	-0.16	-0.17
Other Stockholder Equity	-0.03	-0.05	0.02	0.18	0.0	-0.01	-0.06	-0.07	0.2	-0.03	-0.38	0.2	-0.02	-0.07	-0.07	-0.22	0.16		-0.04	0.0	-0.07	0.08	-0.11	0.16	0.37	0.37
Total Liab	0.93	0.95	0.76	0.46	0.55	0.94	0.95	0.84	0.45	0.93	-0.62	0.45	0.79	0.86	0.99	0.5	0.43	-0.04		0.83	0.9	0.78	0.94	0.53	-0.29	-0.29
Total Current Assets	0.95	0.91	0.91	0.61	0.79	0.93	0.91	0.9	0.61	0.95	-0.47	0.61	0.95	0.92	0.76	0.71	0.21	0.0	0.83		0.85	0.87	0.82	0.78	0.0	0.01
Common Stock	0.94	0.95	0.87	0.51	0.73	0.94	0.95	0.92	0.41	0.94	-0.5	0.41	0.88	0.94	0.87	0.67	0.23	-0.07	0.9	0.85		0.82	0.9	0.64	-0.17	-0.16
Other Liab	0.86	0.83	0.82	0.86	0.83	0.85	0.83	0.79	0.8	0.86	-0.45	0.8	0.85	0.82	0.71	0.56	0.14	0.08	0.78	0.87	0.82		0.78	0.9	0.27	0.27
Long Term Debt	0.92	0.94	0.77	0.43	0.63	0.93	0.94	0.84	0.42	0.92	-0.62	0.42	0.81	0.86	0.94	0.53	0.35	-0.11	0.94	0.82	0.9	0.78		0.56	-0.33	-0.33
Long Term Investments	0.71	0.64	0.81	0.82	0.85	0.67	0.64	0.62	0.86	0.7	-0.24	0.86	0.8	0.7	0.44	0.43	-0.09	0.16	0.53	0.78	0.64	0.9	0.56		0.46	0.47
Short Long Term Debt	-0.11	-0.17	0.05	0.67	0.3	-0.15	-0.17	-0.1	0.46	-0.12	0.32	0.46	0.02	-0.1	-0.4	-0.09	-0.16	0.37	-0.29	0.0	-0.17	0.27	-0.33	0.46		1.0
Short Term Debt	-0.11	-0.16	0.06	0.67	0.31	-0.15	-0.17	-0.1	0.47	-0.11	0.31	0.47	0.03	-0.09	-0.4	-0.09	-0.17	0.37	-0.29	0.01	-0.16	0.27	-0.33	0.47	1.0

Click cells to compare fundamentals

Slate Grocery Account Relationship Matchups

Slate Grocery fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3B	1.3B	1.7B	2.3B	2.2B	1.4B
Short Long Term Debt Total	789.4M	726.4M	937.7M	1.1B	1.2B	756.0M
Other Current Liab	13.1M	10.0M	21.3M	25.9M	22.9M	11.8M
Total Current Liabilities	105.2M	30.9M	52.4M	134.7M	348.9M	366.4M
Total Stockholder Equity	403.4M	452.7M	619.0M	740.5M	687.4M	721.8M
Property Plant And Equipment Net	1.3B	1.3B	1.6B	2.1B	2.1B	1.3B
Net Debt	787.0M	724.0M	923.7M	1.1B	1.1B	744.8M
Accounts Payable	11.4M	13.7M	12.8M	16.3M	16.7M	10.6M
Cash	2.4M	2.4M	14.0M	20.4M	23.6M	24.8M
Non Current Assets Total	1.3B	1.3B	1.7B	2.2B	2.2B	1.3B
Non Currrent Assets Other	4.1M	6.3M	1.4M	17.6M	8.4M	10.3M
Cash And Short Term Investments	2.4M	2.4M	14.0M	20.4M	23.6M	24.8M
Net Receivables	12.1M	13.2M	18M	24.0M	22.5M	11.5M
Common Stock Shares Outstanding	43.9M	47.4M	58.8M	61.1M	60.8M	42.5M
Liabilities And Stockholders Equity	1.3B	1.3B	1.7B	2.3B	2.2B	1.4B
Non Current Liabilities Total	806.5M	839.9M	1.1B	1.2B	1.0B	933.7M
Inventory	2.7M	20.7M	7.6M	9.7M	9.8M	6.2M
Other Current Assets	274K	370K	119K	(549K)	6.7M	4.1M
Other Stockholder Equity	(12.8M)	(25.3M)	(14.7M)	10.5M	9.4M	9.9M
Total Liab	911.7M	870.8M	1.1B	1.3B	1.4B	1.0B
Total Current Assets	17.4M	36.6M	39.8M	55.9M	57.7M	31.8M
Common Stock	407.6M	463.6M	576.5M	596.7M	584.8M	431.7M
Other Liab	65.0M	72.3M	109.9M	154.9M	178.2M	187.1M
Long Term Debt	708.9M	721.3M	929.2M	1.0B	859.6M	830.3M
Long Term Investments	5.0M	3.5M	87.3M	109.5M	107.1M	112.5M
Short Long Term Debt	80.5M	5.1M	8.5M	91.9M	302.1M	317.2M
Short Term Debt	80.5M	5.4M	18.1M	91.9M	302.1M	317.2M
Property Plant Equipment	1.3B	1.3B	1.6B	2.1B	2.4B	1.3B
Net Tangible Assets	403.4M	452.7M	619.0M	740.5M	851.6M	894.2M
Retained Earnings	8.7M	14.4M	57.1M	133.3M	96.8M	101.7M
Other Assets	2.3M	6.3M	1.4M	1.2M	1.1M	1.0M
Accumulated Other Comprehensive Income	(12.8M)	(25.3M)	(14.7M)	10.5M	5.8M	6.1M
Current Deferred Revenue	5.1M	2.5M	5.2M	6.4M	7.0M	4.7M
Non Current Liabilities Other	13.7M	12.3M	15.4M	14.9M	13.4M	12.7M
Net Invested Capital	1.2B	1.2B	1.6B	1.9B	1.8B	1.6B
Net Working Capital	(87.7M)	5.7M	(12.7M)	(78.7M)	(291.2M)	(276.6M)
Capital Stock	407.6M	463.6M	576.5M	596.7M	584.8M	558.8M

Pair Trading with Slate Grocery

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 Slate Grocery 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 Slate Grocery will appreciate offsetting losses from the drop in the long position's value.

Moving together with Slate Stock

0.67

Royal Bank

Pair Corr

Moving against Slate Stock

0.32

Toronto Dominion Bank

Pair Corr

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

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

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

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

Slate Asset Turnover vs Gross Profit Margin Analysis

Asset Turnover vs Gross Profit Margin

Asset Turnover vs Gross Profit Margin Correlation Analysis

Correlation Coefficient

Asset Turnover

Gross Profit Margin

Slate Grocery fundamental ratios Correlations

Slate Grocery Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Slate Grocery fundamental ratios Accounts

Pair Trading with Slate Grocery

Moving together with Slate Stock

Moving against Slate Stock

Other Information on Investing in Slate Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Long Term Debt	- 0.62	Non Currrent Assets Other
Total Liab	- 0.62	Non Currrent Assets Other
Non Current Liabilities Total	- 0.62	Non Currrent Assets Other
Non Currrent Assets Other	- 0.61	Property Plant And Equipment Net
Non Currrent Assets Other	- 0.59	Net Debt
Non Currrent Assets Other	- 0.58	Short Long Term Debt Total