Tootsie Good Will vs Net Tangible Assets Analysis

TR Stock  USD 31.88  0.40  1.24%   
Tootsie Roll financial indicator trend analysis is much more than just breaking down Tootsie Roll Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tootsie Roll Industries is a good investment. Please check the relationship between Tootsie Roll Good Will and its Net Tangible Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tootsie Roll Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Good Will vs Net Tangible Assets

Good Will vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tootsie Roll Industries Good Will account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Tootsie Roll's Good Will and Net Tangible Assets is -0.41. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Tootsie Roll Industries, assuming nothing else is changed. The correlation between historical values of Tootsie Roll's Good Will and Net Tangible 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 Good Will of Tootsie Roll Industries are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Good Will i.e., Tootsie Roll's Good Will and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.41
Relationship DirectionNegative 
Relationship StrengthVery Weak

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Tootsie Roll's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tootsie Roll Industries 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 Tootsie Roll Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Tootsie Roll's Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 12/11/2024, Enterprise Value is likely to grow to about 2.4 B, while Selling General Administrative is likely to drop slightly above 68.3 M.
 2021 2022 2023 2024 (projected)
Gross Profit194.5M227.2M256.8M181.2M
Total Revenue566.0M681.4M769.4M451.1M

Tootsie Roll fundamental ratios Correlations

0.680.930.921.00.96-0.490.020.560.980.150.730.91-0.860.970.830.430.990.990.360.910.040.970.580.770.05
0.680.750.850.660.66-0.050.010.160.67-0.350.430.68-0.830.640.670.570.660.730.90.630.670.650.730.880.27
0.930.750.950.920.91-0.360.090.440.90.130.690.85-0.80.90.850.370.90.940.460.870.180.920.570.80.18
0.920.850.950.910.87-0.31-0.030.40.88-0.10.690.88-0.870.860.870.470.910.940.610.890.320.870.760.890.28
1.00.660.920.910.95-0.510.010.580.980.160.740.91-0.860.960.810.440.990.980.340.910.030.970.570.760.05
0.960.660.910.870.95-0.330.270.40.980.330.540.87-0.770.960.880.380.90.960.380.77-0.020.970.530.67-0.12
-0.49-0.05-0.36-0.31-0.51-0.330.37-0.99-0.41-0.04-0.8-0.250.4-0.48-0.08-0.06-0.55-0.440.31-0.630.12-0.440.07-0.220.07
0.020.010.09-0.030.010.270.37-0.370.130.7-0.480.020.040.070.320.12-0.140.040.11-0.25-0.10.21-0.16-0.17-0.57
0.560.160.440.40.580.4-0.99-0.370.480.00.830.33-0.490.550.150.110.610.51-0.210.69-0.040.510.010.31-0.04
0.980.670.90.880.980.98-0.410.130.480.240.60.91-0.810.980.830.40.950.980.360.82-0.020.970.550.71-0.09
0.15-0.350.13-0.10.160.33-0.040.70.00.24-0.170.090.110.20.19-0.140.060.11-0.45-0.07-0.620.31-0.42-0.32-0.58
0.730.430.690.690.740.54-0.8-0.480.830.6-0.170.56-0.690.650.430.280.80.680.090.930.150.640.40.650.44
0.910.680.850.880.910.87-0.250.020.330.910.090.56-0.80.860.790.480.910.890.430.80.030.880.650.770.09
-0.86-0.83-0.8-0.87-0.86-0.770.40.04-0.49-0.810.11-0.69-0.8-0.77-0.67-0.77-0.85-0.83-0.63-0.85-0.45-0.85-0.64-0.83-0.19
0.970.640.90.860.960.96-0.480.070.550.980.20.650.86-0.770.810.330.940.990.310.83-0.060.950.480.69-0.09
0.830.670.850.870.810.88-0.080.320.150.830.190.430.79-0.670.810.360.760.850.50.710.090.850.660.750.11
0.430.570.370.470.440.38-0.060.120.110.4-0.140.280.48-0.770.330.360.410.390.60.450.490.480.460.480.12
0.990.660.90.910.990.9-0.55-0.140.610.950.060.80.91-0.850.940.760.410.960.330.940.040.920.60.780.15
0.990.730.940.940.980.96-0.440.040.510.980.110.680.89-0.830.990.850.390.960.420.870.070.960.590.780.03
0.360.90.460.610.340.380.310.11-0.210.36-0.450.090.43-0.630.310.50.60.330.420.310.790.350.70.70.3
0.910.630.870.890.910.77-0.63-0.250.690.82-0.070.930.8-0.850.830.710.450.940.870.310.180.840.590.810.36
0.040.670.180.320.03-0.020.12-0.1-0.04-0.02-0.620.150.03-0.45-0.060.090.490.040.070.790.180.020.440.510.43
0.970.650.920.870.970.97-0.440.210.510.970.310.640.88-0.850.950.850.480.920.960.350.840.020.470.72-0.07
0.580.730.570.760.570.530.07-0.160.010.55-0.420.40.65-0.640.480.660.460.60.590.70.590.440.470.710.47
0.770.880.80.890.760.67-0.22-0.170.310.71-0.320.650.77-0.830.690.750.480.780.780.70.810.510.720.710.47
0.050.270.180.280.05-0.120.07-0.57-0.04-0.09-0.580.440.09-0.19-0.090.110.120.150.030.30.360.43-0.070.470.47
Click cells to compare fundamentals

Tootsie Roll Account Relationship Matchups

Tootsie Roll fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets977.9M984.6M1.0B1.0B1.1B688.6M
Short Long Term Debt Total9.8M9.2M15.9M13.3M15.9M13.1M
Other Current Liab65.0M48.4M57.0M57.2M68.6M42.7M
Total Current Liabilities79.5M70.0M80.0M90.1M94.9M60.6M
Total Stockholder Equity759.9M763.3M769.0M783.2M823.4M535.9M
Property Plant And Equipment Net188.5M187.3M208.9M212.0M223.0M149.8M
Net Debt(129.1M)(157.7M)(90.0M)(40.0M)(60.0M)(63.0M)
Retained Earnings40.8M32.3M39.5M48.3M62.9M79.8M
Cash139.0M166.8M105.8M53.3M75.9M75.6M
Non Current Assets Total624.5M663.7M750.3M709.8M743.7M465.7M
Non Currrent Assets Other34.1M7.0M603K465K15.2M14.4M
Cash And Short Term Investments239.4M208.9M145.8M149.4M171.4M110.3M
Net Receivables48.5M45.1M58.8M62.9M64.7M36.7M
Common Stock Shares Outstanding75.9M74.9M73.7M73.0M71.9M71.0M
Liabilities And Stockholders Equity977.9M984.6M1.0B1.0B1.1B688.6M
Non Current Liabilities Total138.7M151.4M169.9M145.8M166.4M92.0M
Inventory59.1M59.6M55.5M84.3M94.9M50.8M
Other Current Assets6.4M7.3M8.1M12.5M9.6M18.2M
Other Stockholder Equity694.1M704.9M707.9M717.6M735.5M427.1M
Total Liab218.2M221.5M249.8M235.9M261.3M152.7M
Property Plant And Equipment Gross188.5M187.3M621.4M641.2M670.5M704.0M
Total Current Assets353.3M320.9M268.3M309.0M340.7M222.9M
Accumulated Other Comprehensive Income(20.2M)(19.8M)(25.0M)(30.2M)(23.2M)(24.4M)
Short Term Debt1.8M1.6M2.0M1.8M2.4M4.1M
Accounts Payable12.7M13.0M15.0M25.2M15.8M12.3M
Common Stock Total Equity45.2M45.9M46.6M47.5M54.6M44.0M
Short Term Investments100.4M42.1M40.0M96.1M95.5M54.1M
Common Stock45.2M45.9M46.6M47.5M48.2M44.4M
Other Liab130.7M143.9M156.0M134.3M154.5M95.2M
Other Assets34.8M403.1M2.0M1.9M2.2M2.1M
Property Plant Equipment188.5M187.3M208.9M212.0M243.8M204.0M
Net Tangible Assets511.6M515.1M520.8M534.9M615.1M516.0M
Noncontrolling Interest In Consolidated Entity(205K)(227K)(245K)(289K)(260.1K)(247.1K)
Retained Earnings Total Equity40.8M32.3M39.5M48.3M43.4M50.3M
Capital Surpluse696.1M706.9M709.9M719.6M827.5M695.0M

Pair Trading with Tootsie Roll

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 Tootsie Roll 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 Tootsie Roll will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tootsie Stock

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Moving against Tootsie Stock

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The ability to find closely correlated positions to Tootsie Roll could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tootsie Roll 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 Tootsie Roll - 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 Tootsie Roll Industries to buy it.
The correlation of Tootsie Roll 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 Tootsie Roll moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tootsie Roll Industries 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 Tootsie Roll 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 CorrelationCorrelation Matching

Additional Tools for Tootsie Stock Analysis

When running Tootsie Roll's price analysis, check to measure Tootsie Roll's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tootsie Roll is operating at the current time. Most of Tootsie Roll's value examination focuses on studying past and present price action to predict the probability of Tootsie Roll's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tootsie Roll's price. Additionally, you may evaluate how the addition of Tootsie Roll to your portfolios can decrease your overall portfolio volatility.