BMTC Average Payables vs Ptb Ratio Analysis
GBT Stock | CAD 13.20 0.03 0.23% |
BMTC financial indicator trend analysis is way more than just evaluating BMTC Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BMTC Group is a good investment. Please check the relationship between BMTC Average Payables and its Ptb Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in BMTC Group. 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.
Average Payables vs Ptb Ratio
Average Payables vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BMTC Group Average Payables account and Ptb Ratio. At this time, the significance of the direction appears to have almost no relationship.
The correlation between BMTC's Average Payables and Ptb Ratio is 0.17. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of BMTC Group, assuming nothing else is changed. The correlation between historical values of BMTC's Average Payables and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of BMTC Group are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Average Payables i.e., BMTC's Average Payables and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | 0.17 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Most indicators from BMTC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BMTC Group 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in BMTC Group. 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. As of the 4th of December 2024, Selling General Administrative is likely to grow to about 43.9 M. Also, Tax Provision is likely to grow to about 12.4 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 323.7M | 283.1M | 224.5M | 186.3M | Total Revenue | 819.4M | 718.0M | 578.9M | 793.1M |
BMTC fundamental ratios Correlations
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BMTC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BMTC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 382.0M | 450.2M | 549.9M | 582.0M | 621.0M | 344.5M | |
Short Long Term Debt Total | 26.6M | 24.3M | 12.7M | 19.8M | 30.5M | 32.0M | |
Other Current Liab | 67.0M | 89.1M | 101.8M | 65.5M | 44.2M | 49.0M | |
Total Current Liabilities | 109.2M | 140.2M | 139.5M | 112.3M | 110.4M | 115.9M | |
Total Stockholder Equity | 216.6M | 270.7M | 387.9M | 440.9M | 476.9M | 500.7M | |
Property Plant And Equipment Net | 148.4M | 158.8M | 148.9M | 142.2M | 116.1M | 112.6M | |
Net Debt | 45.6M | 18.5M | (6.3M) | 16.7M | 29.2M | 30.7M | |
Retained Earnings | 213.9M | 268.0M | 385.2M | 438.3M | 474.3M | 498.0M | |
Accounts Payable | 26.8M | 30.8M | 29.0M | 32.5M | 32.7M | 42.7M | |
Non Current Assets Total | 292.3M | 344.6M | 410.8M | 448.1M | 502.2M | 527.3M | |
Non Currrent Assets Other | (279.9M) | (337.0M) | 43.5M | 78.4M | 101.3M | 106.4M | |
Net Receivables | 5.1M | 3.6M | 5.3M | 15.8M | 14.9M | 9.1M | |
Common Stock Shares Outstanding | 34.3M | 34.0M | 33.7M | 33.3M | 32.9M | 50.8M | |
Liabilities And Stockholders Equity | 382.0M | 450.2M | 549.9M | 582.0M | 621.0M | 344.5M | |
Non Current Liabilities Total | 56.2M | 39.3M | 22.5M | 28.8M | 33.8M | 35.5M | |
Inventory | 83.2M | 95.4M | 113.8M | 113.6M | 98.2M | 88.0M | |
Other Current Assets | 1.4M | 770K | 1.0M | 1.4M | 4.5M | 2.7M | |
Total Liab | 165.4M | 179.5M | 162.1M | 141.1M | 144.1M | 126.4M | |
Property Plant And Equipment Gross | 148.4M | 266.9M | 262.8M | 266.0M | 226.6M | 131.2M | |
Total Current Assets | 89.7M | 105.6M | 139.2M | 133.8M | 118.9M | 122.6M | |
Short Term Debt | 15.4M | 12.7M | 4.0M | 14.3M | 25.7M | 14.3M | |
Cash | (19.0M) | 5.8M | 19.0M | 3.1M | 1.3M | 1.2M | |
Cash And Short Term Investments | (19.0M) | 5.8M | 19.0M | 3.1M | 1.3M | 1.2M | |
Current Deferred Revenue | 41.4M | 56.9M | 72.9M | 45.1M | 7.7M | 7.3M | |
Common Stock | 2.7M | 2.7M | 2.6M | 2.6M | 2.6M | 2.4M | |
Other Liab | 5.2M | 41.1M | 27.7M | 13.8M | 15.9M | 14.4M | |
Net Tangible Assets | 244.7M | 216.6M | 270.7M | 387.9M | 446.0M | 262.8M | |
Other Assets | 12.4M | 7.6M | 43.5M | 78.4M | 90.1M | 94.6M | |
Long Term Investments | 131.5M | 178.3M | 218.3M | 227.6M | 284.8M | 157.5M | |
Property Plant Equipment | 148.4M | 158.8M | 148.9M | 142.2M | 163.5M | 138.2M | |
Long Term Debt Total | 15.1M | 11.6M | 8.7M | 5.4M | 6.2M | 6.4M | |
Capital Lease Obligations | 19.0M | 15.3M | 12.7M | 8.7M | 7.8M | 8.9M | |
Net Invested Capital | 224.1M | 279.7M | 387.9M | 451.9M | 499.6M | 362.7M | |
Net Working Capital | (19.5M) | (34.6M) | (369K) | 21.6M | 8.5M | 8.9M |
Pair Trading with BMTC
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 BMTC 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 BMTC will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to BMTC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BMTC 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 BMTC - 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 BMTC Group to buy it.
The correlation of BMTC 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 BMTC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMTC Group 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 BMTC 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 BMTC Stock
Balance Sheet is a snapshot of the financial position of BMTC Group at a specified time, usually calculated after every quarter, six months, or one year. BMTC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of BMTC 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 BMTC currently owns. An asset can also be divided into two categories, current and non-current.