| 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 Inventory and its Total Current Liabilities 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.
Inventory vs Total Current Liabilities
Inventory vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Simply Better Brands Inventory account and
Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Simply Better's Inventory and Total Current Liabilities is 0.83. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Total Current Liabilities 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 Inventory 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 Inventory of Simply Better Brands 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 Inventory i.e., Simply Better's Inventory and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.83 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Inventory
Total Current Liabilities
Total Current Liabilities is an item on Simply Better balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Simply Better Brands 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 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
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Additional Tools for Simply Stock Analysis
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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
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