| SBBC Stock | | | CAD 1.03 0.01 0.96% |
Simply Better financial indicator trend analysis is much more than just breaking down Simply Better Brands prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Simply Better Brands is a good investment. Please check the relationship between Simply Better Book Value Per Share and its Average Payables accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Simply Better Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Book Value Per Share vs Average Payables
Book Value Per Share vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Simply Better Brands Book Value Per Share account and
Average Payables. At this time, the significance of the direction appears to have very week relationship.
The correlation between Simply Better's Book Value Per Share and Average Payables is 0.26. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Average Payables in the same time period over historical financial statements of Simply Better Brands, assuming nothing else is changed. The correlation between historical values of Simply Better's Book Value Per Share and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Simply Better Brands are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Book Value Per Share i.e., Simply Better's Book Value Per Share and Average Payables go up and down completely randomly.
Correlation Coefficient | 0.26 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
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.
Most indicators from Simply Better's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Simply Better Brands 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 Simply Better Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Simply Better reported
Tax Provision of
(1.03 Million) in 2023.
Sales General And Administrative To Revenue is likely to climb to 0.22 in 2024, whereas
Selling General Administrative is likely to drop slightly above 30.5
M in 2024.
Simply Better fundamental ratios Correlations
Click cells to compare fundamentals
Simply Better Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Simply Better fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Simply Stock Analysis
When running Simply Better's price analysis, check to
measure Simply Better'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 Simply Better is operating at the current time. Most of Simply Better's value examination focuses on studying past and present price action to
predict the probability of Simply Better's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Simply Better's price. Additionally, you may evaluate how the addition of Simply Better to your portfolios can decrease your overall portfolio volatility.