Roots Depreciation And Amortization vs Total Current Liabilities Analysis

ROOT Stock  CAD 2.04  0.04  2.00%   
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 Depreciation And Amortization and its Total Current Liabilities 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.

Depreciation And Amortization vs Total Current Liabilities

Depreciation And Amortization vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Roots Corp Depreciation And Amortization account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Roots Corp's Depreciation And Amortization and Total Current Liabilities is 0.95. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total Current Liabilities 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 Depreciation And Amortization and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Roots Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Depreciation And Amortization i.e., Roots Corp's Depreciation And Amortization and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Total Current Liabilities

Total Current Liabilities is an item on Roots Corp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Roots Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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 11th 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 Amortization30.0M29.3M29.7M24.5M
Interest Income8.8M8.8M569K540.6K

Roots Corp fundamental ratios Correlations

0.860.040.87-0.74-0.350.710.930.860.78-0.60.550.190.9-0.72-0.36-0.610.190.64-0.80.28-0.360.770.810.740.5
0.86-0.30.68-0.84-0.630.410.90.620.96-0.910.310.020.89-0.810.02-0.350.020.62-0.750.1-0.130.970.980.490.21
0.04-0.30.130.490.520.3-0.110.21-0.420.50.190.47-0.20.06-0.45-0.150.47-0.280.13-0.10.1-0.42-0.350.210.23
0.870.680.13-0.51-0.340.90.910.970.54-0.490.840.450.62-0.8-0.41-0.860.450.53-0.890.32-0.150.560.540.930.63
-0.74-0.840.49-0.510.71-0.36-0.7-0.46-0.810.76-0.260.01-0.780.55-0.080.320.01-0.640.73-0.280.55-0.84-0.84-0.3-0.14
-0.35-0.630.52-0.340.71-0.27-0.48-0.19-0.520.67-0.31-0.32-0.290.49-0.530.26-0.32-0.220.69-0.290.2-0.7-0.56-0.150.03
0.710.410.30.9-0.36-0.270.720.90.22-0.150.860.670.37-0.51-0.47-0.960.670.35-0.850.58-0.340.310.250.920.57
0.930.9-0.110.91-0.7-0.480.720.880.82-0.750.570.210.83-0.83-0.28-0.690.210.66-0.880.31-0.130.840.810.810.38
0.860.620.210.97-0.46-0.190.90.880.5-0.410.760.380.64-0.73-0.55-0.870.380.6-0.820.33-0.180.490.50.940.58
0.780.96-0.420.54-0.81-0.520.220.820.5-0.920.14-0.250.92-0.720.07-0.17-0.250.7-0.590.0-0.10.950.980.360.16
-0.6-0.910.5-0.490.760.67-0.15-0.75-0.41-0.92-0.150.14-0.720.81-0.220.150.14-0.590.590.11-0.12-0.91-0.9-0.27-0.02
0.550.310.190.84-0.26-0.310.860.570.760.14-0.150.640.17-0.59-0.22-0.810.640.19-0.750.26-0.150.180.140.760.79
0.190.020.470.450.01-0.320.670.210.38-0.250.140.64-0.22-0.24-0.19-0.611.0-0.36-0.510.39-0.12-0.02-0.140.430.18
0.90.89-0.20.62-0.78-0.290.370.830.640.92-0.720.17-0.22-0.61-0.25-0.3-0.220.75-0.580.14-0.320.840.920.490.25
-0.72-0.810.06-0.80.550.49-0.51-0.83-0.73-0.720.81-0.59-0.24-0.610.050.46-0.24-0.480.720.18-0.23-0.7-0.72-0.59-0.41
-0.360.02-0.45-0.41-0.08-0.53-0.47-0.28-0.550.07-0.22-0.22-0.19-0.250.050.51-0.19-0.10.13-0.250.180.120.04-0.54-0.15
-0.61-0.35-0.15-0.860.320.26-0.96-0.69-0.87-0.170.15-0.81-0.61-0.30.460.51-0.61-0.360.82-0.640.28-0.27-0.17-0.93-0.46
0.190.020.470.450.01-0.320.670.210.38-0.250.140.641.0-0.22-0.24-0.19-0.61-0.36-0.510.39-0.12-0.02-0.140.430.18
0.640.62-0.280.53-0.64-0.220.350.660.60.7-0.590.19-0.360.75-0.48-0.1-0.36-0.36-0.520.14-0.250.570.610.480.28
-0.8-0.750.13-0.890.730.69-0.85-0.88-0.82-0.590.59-0.75-0.51-0.580.720.130.82-0.51-0.52-0.520.33-0.7-0.61-0.79-0.41
0.280.1-0.10.32-0.28-0.290.580.310.330.00.110.260.390.140.18-0.25-0.640.390.14-0.52-0.610.190.020.5-0.02
-0.36-0.130.1-0.150.550.2-0.34-0.13-0.18-0.1-0.12-0.15-0.12-0.32-0.230.180.28-0.12-0.250.33-0.61-0.15-0.16-0.11-0.16
0.770.97-0.420.56-0.84-0.70.310.840.490.95-0.910.18-0.020.84-0.70.12-0.27-0.020.57-0.70.19-0.150.970.390.04
0.810.98-0.350.54-0.84-0.560.250.810.50.98-0.90.14-0.140.92-0.720.04-0.17-0.140.61-0.610.02-0.160.970.330.11
0.740.490.210.93-0.3-0.150.920.810.940.36-0.270.760.430.49-0.59-0.54-0.930.430.48-0.790.5-0.110.390.330.55
0.50.210.230.63-0.140.030.570.380.580.16-0.020.790.180.25-0.41-0.15-0.460.180.28-0.41-0.02-0.160.040.110.55
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Roots Corp Account Relationship Matchups

Roots Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets440.8M390.3M393.7M391.9M369.9M417.0M
Short Long Term Debt Total247.9M172.3M148.9M137.2M124.9M150.0M
Other Current Liab158K418K6.7M3.1M1.8M2.4M
Total Current Liabilities67.2M65.2M68.2M75.0M57.1M58.6M
Total Stockholder Equity150.5M164.2M186.1M188.0M190.8M149.9M
Other Liab34.2M13.9M15.9M17.4M15.6M17.6M
Net Tangible Assets(46.8M)(50.5M)(45.4M)(20.6M)(23.7M)(24.9M)
Property Plant And Equipment Net184.0M128.0M110.8M101.7M102M95.8M
Current Deferred Revenue6.0M5.8M6.3M6.0M5.3M5.7M
Net Debt246.9M163.1M114.8M105.2M96.8M132.7M
Retained Earnings(49.7M)(36.6M)(13.5M)(5.8M)(1.6M)(1.7M)
Accounts Payable20.3M25.9M28.3M38.4M24.9M26.0M
Cash949K9.2M34.2M31.9M28.0M17.3M
Non Current Assets Total387.1M328.5M307.2M295.7M294.1M342.8M
Non Currrent Assets Other(385.0M)(326.7M)(307.2M)(295.7M)300K315K
Other Assets541K562K2.1M1.8M1.6M1.1M
Long Term Debt84.5M66.1M56.2M52.1M41.0M58.9M
Cash And Short Term Investments949K9.2M34.2M31.9M28.0M17.3M
Net Receivables7.2M7.2M6.6M5.7M6.1M6.9M
Common Stock Shares Outstanding42.1M42.4M42.8M42.3M41.0M33.8M
Long Term Debt Total209.1M145.1M122.1M109.7M126.1M130.6M
Liabilities And Stockholders Equity440.8M390.3M393.7M391.9M369.9M417.0M
Non Current Liabilities Total223.1M161.0M139.5M128.8M121.9M152.2M
Capital Surpluse3.4M3.7M4.1M4.4M5.0M3.0M
Inventory40.2M42.4M41.3M55.0M36.2M45.3M
Other Current Assets5.4M3.1M4.4M3.6M5.5M4.6M
Other Stockholder Equity3.4M3.7M4.1M4.4M4.7M3.2M
Total Liab290.3M226.1M207.6M203.9M179.0M210.8M
Property Plant And Equipment Gross184.0M232.3M199.8M217.5M244.5M151.0M
Short Long Term Debt5.0M17.4M12.2M4.6M4.0M5.6M
Total Current Assets53.7M61.9M86.5M96.2M75.8M74.2M
Accumulated Other Comprehensive Income(116K)(227K)346K102K149K156.5K
Short Term Debt38.8M27.2M26.8M27.5M25.2M21.7M
Intangible Assets193.1M190.8M188.5M186.2M183.9M157.1M
Common Stock196.9M197.3M195.1M189.3M187.5M155.6M
Property Plant Equipment184.0M117.0M100.6M101.7M116.9M87.9M
Capital Lease Obligations151.2M101.2M88.1M80.4M79.9M69.1M

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.
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.
Pair CorrelationCorrelation Matching

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.