Aurora Retained Earnings vs Current Deferred Revenue Analysis

ACB Stock

USD 6.70 0.01 0.15%

Aurora Cannabis financial indicator trend analysis is way more than just evaluating Aurora Cannabis prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurora Cannabis is a good investment. Please check the relationship between Aurora Cannabis Retained Earnings and its Current Deferred Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.

Retained Earnings vs Current Deferred Revenue

Retained Earnings vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurora Cannabis Retained Earnings account and Current Deferred Revenue. At this time, the significance of the direction appears to have pay attention.

The correlation between Aurora Cannabis' Retained Earnings and Current Deferred Revenue is -0.73. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Aurora Cannabis, assuming nothing else is changed. The correlation between historical values of Aurora Cannabis' Retained Earnings and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Aurora Cannabis are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Retained Earnings i.e., Aurora Cannabis' Retained Earnings and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.73

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Aurora Cannabis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurora Cannabis 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 Aurora Cannabis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.As of April 28, 2024, Selling General Administrative is expected to decline to about 72 M. In addition to that, Discontinued Operations is expected to decline to about (1.5 M)

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	93.7M	65.2M	75.0M	74.4M
Interest Income	4.5M	9.9M	8.9M	8.4M

Reconciled Depreciation Interest Income

Aurora Cannabis fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Other Current Assets	Property Plant And Equipment Gross	Short Term Investments	Common Stock Total Equity	Common Stock	Short Long Term Debt Total	Short Term Debt	Net Tangible Assets	Other Assets
Total Assets		0.75	0.78	1.0	0.76	-0.17	0.65	0.38	0.99	-0.25	0.56	0.9	0.0	0.03	0.96	0.67	0.88	0.97	0.65	0.81	0.51	0.49	0.94	0.7	0.67	0.79
Other Current Liab	0.75		0.84	0.71	0.26	-0.55	0.3	0.7	0.67	-0.04	0.82	0.91	0.41	-0.37	0.86	0.87	0.62	0.76	0.76	0.6	0.74	0.73	0.78	0.76	0.67	0.57
Total Current Liabilities	0.78	0.84		0.74	0.48	-0.58	0.61	0.61	0.73	-0.24	0.72	0.93	0.11	0.03	0.87	0.81	0.79	0.82	0.91	0.53	0.82	0.81	0.88	0.98	0.74	0.61
Total Stockholder Equity	1.0	0.71	0.74		0.79	-0.11	0.63	0.32	1.0	-0.25	0.5	0.87	-0.04	0.05	0.93	0.63	0.85	0.96	0.6	0.83	0.46	0.43	0.92	0.66	0.62	0.79
Net Debt	0.76	0.26	0.48	0.79		0.3	0.68	-0.25	0.83	-0.37	-0.08	0.52	-0.39	0.47	0.63	0.1	0.67	0.81	0.26	0.73	0.02	-0.01	0.63	0.47	0.23	0.49
Retained Earnings	-0.17	-0.55	-0.58	-0.11	0.3		-0.27	-0.9	-0.05	0.12	-0.82	-0.52	-0.52	0.35	-0.41	-0.79	-0.43	-0.1	-0.82	0.27	-0.92	-0.93	-0.47	-0.54	-0.74	-0.26
Accounts Payable	0.65	0.3	0.61	0.63	0.68	-0.27		0.23	0.64	-0.24	0.3	0.54	0.02	0.59	0.67	0.43	0.83	0.62	0.65	0.35	0.46	0.44	0.74	0.54	0.71	0.64
Cash	0.38	0.7	0.61	0.32	-0.25	-0.9	0.23		0.25	-0.05	0.97	0.66	0.57	-0.47	0.56	0.93	0.5	0.27	0.81	-0.02	0.91	0.92	0.6	0.52	0.81	0.44
Non Current Assets Total	0.99	0.67	0.73	1.0	0.83	-0.05	0.64	0.25		-0.25	0.44	0.85	-0.11	0.11	0.91	0.57	0.84	0.97	0.57	0.85	0.41	0.38	0.89	0.67	0.58	0.78
Non Currrent Assets Other	-0.25	-0.04	-0.24	-0.25	-0.37	0.12	-0.24	-0.05	-0.25		-0.03	-0.3	0.31	0.07	-0.26	-0.13	-0.48	-0.23	-0.26	0.11	-0.19	-0.17	-0.35	-0.31	-0.09	0.24
Cash And Short Term Investments	0.56	0.82	0.72	0.5	-0.08	-0.82	0.3	0.97	0.44	-0.03		0.78	0.54	-0.43	0.7	0.98	0.59	0.46	0.85	0.21	0.91	0.91	0.72	0.61	0.84	0.58
Net Receivables	0.9	0.91	0.93	0.87	0.52	-0.52	0.54	0.66	0.85	-0.3	0.78		0.19	-0.19	0.96	0.88	0.85	0.88	0.86	0.63	0.78	0.77	0.95	0.87	0.76	0.67
Common Stock Shares Outstanding	0.0	0.41	0.11	-0.04	-0.39	-0.52	0.02	0.57	-0.11	0.31	0.54	0.19		-0.4	0.16	0.51	0.02	-0.05	0.33	-0.11	0.4	0.4	0.14	-0.04	0.35	0.11
Other Stockholder Equity	0.03	-0.37	0.03	0.05	0.47	0.35	0.59	-0.47	0.11	0.07	-0.43	-0.19	-0.4		-0.04	-0.37	0.12	0.12	-0.08	0.15	-0.26	-0.27	0.0	0.07	-0.03	0.14
Total Liab	0.96	0.86	0.87	0.93	0.63	-0.41	0.67	0.56	0.91	-0.26	0.7	0.96	0.16	-0.04		0.81	0.91	0.93	0.8	0.7	0.69	0.67	0.97	0.79	0.8	0.75
Total Current Assets	0.67	0.87	0.81	0.63	0.1	-0.79	0.43	0.93	0.57	-0.13	0.98	0.88	0.51	-0.37	0.81		0.71	0.59	0.91	0.31	0.93	0.92	0.83	0.71	0.87	0.62
Property Plant And Equipment Net	0.88	0.62	0.79	0.85	0.67	-0.43	0.83	0.5	0.84	-0.48	0.59	0.85	0.02	0.12	0.91	0.71		0.81	0.81	0.46	0.68	0.66	0.96	0.73	0.83	0.69
Other Current Assets	0.97	0.76	0.82	0.96	0.81	-0.1	0.62	0.27	0.97	-0.23	0.46	0.88	-0.05	0.12	0.93	0.59	0.81		0.61	0.88	0.45	0.43	0.89	0.77	0.56	0.71
Property Plant And Equipment Gross	0.65	0.76	0.91	0.6	0.26	-0.82	0.65	0.81	0.57	-0.26	0.85	0.86	0.33	-0.08	0.8	0.91	0.81	0.61		0.23	0.96	0.96	0.86	0.85	0.9	0.6
Short Term Investments	0.81	0.6	0.53	0.83	0.73	0.27	0.35	-0.02	0.85	0.11	0.21	0.63	-0.11	0.15	0.7	0.31	0.46	0.88	0.23		0.07	0.06	0.59	0.48	0.23	0.63
Common Stock Total Equity	0.51	0.74	0.82	0.46	0.02	-0.92	0.46	0.91	0.41	-0.19	0.91	0.78	0.4	-0.26	0.69	0.93	0.68	0.45	0.96	0.07		1.0	0.74	0.76	0.88	0.53
Common Stock	0.49	0.73	0.81	0.43	-0.01	-0.93	0.44	0.92	0.38	-0.17	0.91	0.77	0.4	-0.27	0.67	0.92	0.66	0.43	0.96	0.06	1.0		0.72	0.76	0.87	0.51
Short Long Term Debt Total	0.94	0.78	0.88	0.92	0.63	-0.47	0.74	0.6	0.89	-0.35	0.72	0.95	0.14	0.0	0.97	0.83	0.96	0.89	0.86	0.59	0.74	0.72		0.8	0.84	0.76
Short Term Debt	0.7	0.76	0.98	0.66	0.47	-0.54	0.54	0.52	0.67	-0.31	0.61	0.87	-0.04	0.07	0.79	0.71	0.73	0.77	0.85	0.48	0.76	0.76	0.8		0.63	0.49
Net Tangible Assets	0.67	0.67	0.74	0.62	0.23	-0.74	0.71	0.81	0.58	-0.09	0.84	0.76	0.35	-0.03	0.8	0.87	0.83	0.56	0.9	0.23	0.88	0.87	0.84	0.63		0.77
Other Assets	0.79	0.57	0.61	0.79	0.49	-0.26	0.64	0.44	0.78	0.24	0.58	0.67	0.11	0.14	0.75	0.62	0.69	0.71	0.6	0.63	0.53	0.51	0.76	0.49	0.77

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Aurora Cannabis Account Relationship Matchups

Aurora Cannabis fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.8B	2.6B	1.1B	926.3M	1.1B	982.1M
Other Current Liab	21.1M	58.0M	94.5M	71.1M	81.7M	47.0M
Total Current Liabilities	272.8M	116.4M	145.2M	242.3M	278.7M	292.6M
Total Stockholder Equity	2.2B	2.0B	661.8M	486.1M	559.0M	745.4M
Net Debt	369.1M	(21.9M)	(168.3M)	(73.3M)	(84.3M)	(80.1M)
Retained Earnings	(3.6B)	(4.3B)	(6.0B)	(6.3B)	(5.7B)	(5.4B)
Accounts Payable	95.6M	13.3M	13.9M	21.9M	25.2M	15.7M
Cash	162.2M	421.5M	437.8M	300.8M	346.0M	363.3M
Non Current Assets Total	2.4B	1.9B	339.2M	446.4M	513.4M	761.7M
Non Currrent Assets Other	(91.5M)	(42.5M)	33.9M	14.1M	12.7M	13.3M
Cash And Short Term Investments	169.2M	425.2M	439.1M	300.8M	346.0M	363.3M
Net Receivables	54.1M	56.5M	47.1M	41.3M	47.5M	49.9M
Common Stock Shares Outstanding	9.7M	16.9M	214.9M	32.3M	37.1M	23.5M
Liabilities And Stockholders Equity	2.8B	2.6B	1.1B	926.3M	1.1B	982.1M
Other Stockholder Equity	73.8M	(65.5M)	(54.5M)	(1.0)	(0.9)	(0.85)
Total Liab	657.2M	567.0M	422.0M	409.2M	470.6M	235.7M
Total Current Assets	420.7M	665.9M	745.1M	479.9M	551.9M	579.5M
Accumulated Other Comprehensive Income	(41.8M)	(65.5M)	(54.5M)	(58.3M)	(52.5M)	(49.9M)
Property Plant And Equipment Net	946.4M	606.1M	233.5M	323.0M	371.4M	219.2M
Other Current Assets	22.1M	11.2M	6.5M	8.9M	10.3M	8.1M
Property Plant And Equipment Gross	765.6M	946.4M	606.1M	709.4M	815.8M	856.6M
Short Term Investments	143.2M	7.1M	3.8M	1.3M	1.5M	1.5M
Common Stock Total Equity	1.5B	4.7B	5.8B	6.4B	7.4B	7.8B
Common Stock	5.8B	6.4B	6.8B	6.8B	7.9B	8.3B
Short Long Term Debt Total	531.2M	399.6M	269.5M	227.5M	261.7M	259.5M
Short Term Debt	152.6M	40.9M	33.0M	147.6M	169.7M	178.2M
Other Liab	280.3M	5.8M	92.0M	40.3M	46.3M	67.7M
Net Tangible Assets	506.6M	792.0M	774.7M	588.0M	676.2M	467.5M
Other Assets	93.3M	57.8M	77.3M	33.9M	38.9M	53.7M
Long Term Debt	394.2M	294.9M	293.2M	199.7M	229.6M	199.8M
Good Will	3.2B	928.4M	887.7M	18.7M	21.5M	20.4M
Non Current Liabilities Total	384.4M	450.7M	276.8M	166.9M	191.9M	282.9M
Inventory	157.3M	137.7M	139.9M	128.8M	148.1M	96.4M
Long Term Investments	118.8M	18.1M	289K	1.2M	1.1M	1.0M
Short Long Term Debt	249.7M	152.6M	34.7M	26.9M	24.2M	23.0M
Non Current Liabilities Other	12.0M	37K	104K	128K	147.2K	139.8K
Intangible Assets	412.3M	367.4M	70.7M	61.4M	70.6M	67.1M
Property Plant Equipment	750.1M	928.2M	598.3M	230.3M	264.8M	387.3M

Pair Trading with Aurora Cannabis

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 Aurora Cannabis 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 Aurora Cannabis will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aurora Stock

0.62

ELYM

Eliem Therapeutics Upward Rally

Pair Corr

Moving against Aurora Stock

0.81	CRBU	Caribou Biosciences Financial Report 14th of May 2024	Pair Corr
0.69	IPSC	Century Therapeutics Financial Report 9th of May 2024	Pair Corr
0.68	BEAM	Beam TherapeuticsInc Financial Report 8th of May 2024	Pair Corr
0.67	DNA	Ginkgo Bioworks Holdings Financial Report 8th of May 2024	Pair Corr
0.66	BNTX	BioNTech SE Financial Report 13th of May 2024	Pair Corr

The ability to find closely correlated positions to Aurora Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurora Cannabis 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 Aurora Cannabis - 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 Aurora Cannabis to buy it.

The correlation of Aurora Cannabis 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 Aurora Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Cannabis 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 Aurora Cannabis 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 Correlation Correlation Matching

When determining whether Aurora Cannabis offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aurora Cannabis' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aurora Cannabis Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aurora Cannabis Stock:

How To Invest In Aurora

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Is Aurora Stock a good investment?

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What is Aurora Cannabis' Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade Aurora Stock refer to our How to Trade Aurora Stock guide.

Note that the Aurora Cannabis information on this page should be used as a complementary analysis to other Aurora Cannabis' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Aurora Stock analysis

When running Aurora Cannabis' price analysis, check to measure Aurora Cannabis' 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 Aurora Cannabis is operating at the current time. Most of Aurora Cannabis' value examination focuses on studying past and present price action to predict the probability of Aurora Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurora Cannabis' price. Additionally, you may evaluate how the addition of Aurora Cannabis to your portfolios can decrease your overall portfolio volatility.

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Is Aurora Cannabis' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aurora Cannabis. If investors know Aurora will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aurora Cannabis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.92)

Earnings Share

(57.77)

Revenue Per Share

6.784

Quarterly Revenue Growth

0.055

Return On Assets

(0.08)

The market value of Aurora Cannabis is measured differently than its book value, which is the value of Aurora that is recorded on the company's balance sheet. Investors also form their own opinion of Aurora Cannabis' value that differs from its market value or its book value, called intrinsic value, which is Aurora Cannabis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aurora Cannabis' market value can be influenced by many factors that don't directly affect Aurora Cannabis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Aurora Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aurora Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aurora Cannabis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Aurora Retained Earnings vs Current Deferred Revenue Analysis

Retained Earnings vs Current Deferred Revenue

Retained Earnings vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Retained Earnings

Current Deferred Revenue

Aurora Cannabis fundamental ratios Correlations

Aurora Cannabis Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aurora Cannabis fundamental ratios Accounts

Pair Trading with Aurora Cannabis

Moving together with Aurora Stock

Moving against Aurora Stock

Complementary Tools for Aurora Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Total Assets
Short Term Debt	+ 0.98	Total Current Liabilities
Total Current Assets	+ 0.98	Cash And Short Term Investments

Common Stock	- 0.93	Retained Earnings
Common Stock Total Equity	- 0.92	Retained Earnings
Cash	- 0.9	Retained Earnings
Property Plant And Equipment Gross	- 0.82	Retained Earnings
Cash And Short Term Investments	- 0.82	Retained Earnings
Total Current Assets	- 0.79	Retained Earnings