Builders Inventory vs Other Current Liab Analysis
BLDR Stock | USD 150.50 4.21 2.88% |
Builders FirstSource financial indicator trend analysis is way more than just evaluating Builders FirstSource prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Builders FirstSource is a good investment. Please check the relationship between Builders FirstSource Inventory and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Builders FirstSource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. To learn how to invest in Builders Stock, please use our How to Invest in Builders FirstSource guide.
Inventory vs Other Current Liab
Inventory vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Builders FirstSource Inventory account and Other Current Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Builders FirstSource's Inventory and Other Current Liab is 0.97. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Builders FirstSource, assuming nothing else is changed. The correlation between historical values of Builders FirstSource's Inventory and Other Current Liab 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 of Builders FirstSource are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Inventory i.e., Builders FirstSource's Inventory and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Inventory
Other Current Liab
Most indicators from Builders FirstSource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Builders FirstSource 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 Builders FirstSource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. To learn how to invest in Builders Stock, please use our How to Invest in Builders FirstSource guide.At this time, Builders FirstSource's Selling General Administrative is relatively stable compared to the past year. As of 12/24/2024, Sales General And Administrative To Revenue is likely to grow to 0.23, while Tax Provision is likely to drop slightly above 237.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.9B | 7.7B | 6.0B | 6.3B | Total Revenue | 19.9B | 22.7B | 17.1B | 18.0B |
Builders FirstSource fundamental ratios Correlations
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Builders FirstSource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Builders FirstSource fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.2B | 4.2B | 10.7B | 10.6B | 10.5B | 11.0B | |
Total Stockholder Equity | 825.0M | 1.2B | 4.8B | 5.0B | 4.7B | 5.0B | |
Net Debt | 1.6B | 1.5B | 3.4B | 3.4B | 3.6B | 3.8B | |
Cash | 14.1M | 423.8M | 42.6M | 80.4M | 66.2M | 85.0M | |
Other Assets | 30.6M | 295.7M | 29.2M | 36.4M | 32.7M | 57.2M | |
Cash And Short Term Investments | 14.1M | 423.8M | 42.6M | 80.4M | 66.2M | 85.0M | |
Common Stock Shares Outstanding | 117.0M | 117.9M | 203.5M | 163.5M | 129.0M | 93.8M | |
Liabilities And Stockholders Equity | 3.2B | 4.2B | 10.7B | 10.6B | 10.5B | 11.0B | |
Other Stockholder Equity | 575.0M | 589.2M | 4.3B | 4.3B | 4.3B | 4.5B | |
Total Liab | 2.4B | 3.0B | 5.9B | 5.6B | 5.8B | 6.1B | |
Total Current Assets | 1.3B | 2.2B | 4.0B | 3.5B | 3.3B | 3.5B | |
Short Long Term Debt Total | 1.6B | 1.9B | 3.4B | 3.5B | 3.7B | 3.9B | |
Other Current Liab | 258.8M | 265.0M | 538.9M | 560.8M | 560.2M | 588.2M | |
Total Current Liabilities | 821.3M | 1.1B | 2.1B | 1.8B | 1.9B | 2.0B | |
Property Plant And Equipment Net | 1.0B | 1.0B | 1.8B | 2.1B | 2.3B | 2.4B | |
Retained Earnings | 248.8M | 562.4M | 540.0M | 703.5M | 460.2M | 483.2M | |
Accounts Payable | 436.8M | 600.4M | 1.1B | 803.5M | 881.4M | 925.5M | |
Non Current Assets Total | 1.9B | 1.9B | 6.7B | 7.1B | 7.2B | 7.6B | |
Non Currrent Assets Other | 22.2M | 16.5M | 29.2M | (233.3M) | 38.0M | 39.9M | |
Net Receivables | 692.4M | 956.5M | 2.2B | 1.9B | 1.9B | 2.0B | |
Good Will | 769.0M | 785.3M | 3.3B | 3.5B | 3.6B | 3.7B | |
Common Stock Total Equity | 1.2M | 1.2M | 1.2M | 1.8M | 2.1M | 2.2M | |
Non Current Liabilities Total | 1.6B | 1.9B | 3.8B | 3.8B | 3.9B | 4.1B | |
Inventory | 561.3M | 784.5M | 1.6B | 1.4B | 1.2B | 1.3B | |
Other Current Assets | 39.1M | 58.9M | 128.0M | 124.2M | 113.4M | 119.1M | |
Property Plant And Equipment Gross | 1.0B | 1.0B | 1.8B | 2.1B | 3.3B | 3.5B | |
Short Term Debt | 75.5M | 150.6M | 197.0M | 207.9M | 200.1M | 210.1M | |
Intangible Assets | 128.4M | 119.9M | 1.6B | 1.6B | 1.3B | 1.4B | |
Common Stock | 1.2M | 1.2M | 1.8M | 1.4M | 1.2M | 958.3K | |
Other Liab | 88.9M | 129.9M | 481.7M | 407.5M | 468.6M | 492.1M | |
Long Term Debt | 1.3B | 1.6B | 2.9B | 3.0B | 3.2B | 3.3B | |
Property Plant Equipment | 721.9M | 749.1M | 1.8B | 2.1B | 2.4B | 2.5B | |
Current Deferred Revenue | 50.2M | 77.0M | 216.1M | 193.2M | 162.7M | 170.8M | |
Net Tangible Assets | (72.5M) | 247.6M | (71.1M) | (45.2M) | (52.0M) | (54.6M) | |
Retained Earnings Total Equity | 35.0M | 248.8M | 562.4M | 540.0M | 621.0M | 652.1M | |
Long Term Debt Total | 1.5B | 1.3B | 1.6B | 2.9B | 3.4B | 3.5B | |
Capital Surpluse | 560.2M | 575.0M | 589.2M | 4.3B | 4.9B | 5.1B | |
Non Current Liabilities Other | 289.2M | 299.6M | 119.6M | 137.9M | 125.0M | 118.7M |
Pair Trading with Builders FirstSource
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 Builders FirstSource 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 Builders FirstSource will appreciate offsetting losses from the drop in the long position's value.Moving together with Builders Stock
Moving against Builders Stock
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The ability to find closely correlated positions to Builders FirstSource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Builders FirstSource 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 Builders FirstSource - 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 Builders FirstSource to buy it.
The correlation of Builders FirstSource 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 Builders FirstSource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Builders FirstSource 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 Builders FirstSource 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.Additional Tools for Builders Stock Analysis
When running Builders FirstSource's price analysis, check to measure Builders FirstSource'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 Builders FirstSource is operating at the current time. Most of Builders FirstSource's value examination focuses on studying past and present price action to predict the probability of Builders FirstSource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Builders FirstSource's price. Additionally, you may evaluate how the addition of Builders FirstSource to your portfolios can decrease your overall portfolio volatility.