Brookfield Return On Assets vs Total Assets Analysis

BBU Stock

USD 18.63 0.30 1.64%

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

Return On Assets vs Total Assets

Return On Assets vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brookfield Business Return On Assets account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Brookfield Business' Return On Assets and Total Assets is -0.32. Overlapping area represents the amount of variation of Return On Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Brookfield Business Partners, assuming nothing else is changed. The correlation between historical values of Brookfield Business' Return On Assets and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Return On Assets of Brookfield Business Partners are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Return On Assets i.e., Brookfield Business' Return On Assets and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Return On Assets

A profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets.

Total Assets

Total assets refers to the total amount of Brookfield Business assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Brookfield Business books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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

At this time, Brookfield Business' Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.03 in 2024, whereas Tax Provision is likely to drop slightly above 38.6 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	1.5B	2.5B	3.7B	3.8B
Depreciation And Amortization	2.3B	3.3B	3.7B	3.8B

Interest Expense Depreciation And Amortization

Brookfield Business fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Common Stock Shares Outstanding		0.87	0.81	0.0	0.57	0.68	0.78	-0.79	0.95	0.85	0.8	0.13	0.55	0.94	0.84	0.44	0.73	0.83	0.9	0.93	0.73	0.86	0.91	0.93	0.87	0.73
Total Assets	0.87		0.99	0.42	0.67	0.59	0.94	-0.99	0.92	0.65	0.99	0.52	0.4	0.9	1.0	0.16	0.64	0.99	0.88	0.87	0.96	0.78	0.92	0.88	0.83	0.92
Short Long Term Debt Total	0.81	0.99		0.53	0.68	0.54	0.95	-1.0	0.87	0.57	1.0	0.59	0.33	0.86	1.0	0.08	0.57	1.0	0.84	0.83	0.99	0.72	0.9	0.83	0.8	0.93
Other Current Liab	0.0	0.42	0.53		0.46	-0.11	0.53	-0.55	0.12	-0.3	0.54	0.78	-0.19	0.15	0.46	-0.47	-0.25	0.5	0.2	0.13	0.63	-0.02	0.23	0.07	0.14	0.47
Total Current Liabilities	0.57	0.67	0.68	0.46		0.18	0.71	-0.7	0.65	0.45	0.68	0.24	0.71	0.64	0.66	-0.1	0.16	0.67	0.65	0.75	0.66	0.36	0.68	0.63	0.72	0.38
Total Stockholder Equity	0.68	0.59	0.54	-0.11	0.18		0.37	-0.54	0.71	0.66	0.54	-0.14	0.07	0.63	0.57	0.4	0.72	0.58	0.53	0.64	0.48	0.87	0.78	0.82	0.53	0.57
Other Liab	0.78	0.94	0.95	0.53	0.71	0.37		-0.94	0.82	0.55	0.95	0.56	0.42	0.83	0.95	0.22	0.39	0.94	0.83	0.79	0.92	0.63	0.81	0.74	0.76	0.86
Net Tangible Assets	-0.79	-0.99	-1.0	-0.55	-0.7	-0.54	-0.94		-0.87	-0.54	-1.0	-0.61	-0.32	-0.86	-0.99	-0.04	-0.57	-0.99	-0.85	-0.83	-0.99	-0.72	-0.9	-0.83	-0.8	-0.93
Property Plant And Equipment Net	0.95	0.92	0.87	0.12	0.65	0.71	0.82	-0.87		0.78	0.87	0.22	0.51	0.95	0.9	0.34	0.75	0.89	0.91	0.91	0.81	0.84	0.98	0.96	0.88	0.79
Current Deferred Revenue	0.85	0.65	0.57	-0.3	0.45	0.66	0.55	-0.54	0.78		0.56	-0.24	0.66	0.75	0.61	0.53	0.65	0.59	0.65	0.81	0.45	0.71	0.75	0.85	0.81	0.45
Net Debt	0.8	0.99	1.0	0.54	0.68	0.54	0.95	-1.0	0.87	0.56		0.6	0.32	0.85	0.99	0.06	0.56	1.0	0.83	0.82	0.99	0.71	0.9	0.83	0.79	0.93
Retained Earnings	0.13	0.52	0.59	0.78	0.24	-0.14	0.56	-0.61	0.22	-0.24	0.6		-0.22	0.27	0.56	-0.47	0.13	0.56	0.34	0.14	0.69	0.06	0.23	0.08	0.2	0.67
Accounts Payable	0.55	0.4	0.33	-0.19	0.71	0.07	0.42	-0.32	0.51	0.66	0.32	-0.22		0.47	0.36	0.2	0.26	0.34	0.45	0.63	0.24	0.3	0.43	0.52	0.56	0.04
Cash	0.94	0.9	0.86	0.15	0.64	0.63	0.83	-0.86	0.95	0.75	0.85	0.27	0.47		0.88	0.35	0.69	0.87	0.98	0.93	0.8	0.81	0.93	0.9	0.92	0.8
Non Current Assets Total	0.84	1.0	1.0	0.46	0.66	0.57	0.95	-0.99	0.9	0.61	0.99	0.56	0.36	0.88		0.13	0.62	1.0	0.86	0.84	0.98	0.76	0.91	0.86	0.81	0.93
Non Currrent Assets Other	0.44	0.16	0.08	-0.47	-0.1	0.4	0.22	-0.04	0.34	0.53	0.06	-0.47	0.2	0.35	0.13		0.16	0.11	0.31	0.29	-0.04	0.46	0.26	0.34	0.21	0.13
Other Assets	0.73	0.64	0.57	-0.25	0.16	0.72	0.39	-0.57	0.75	0.65	0.56	0.13	0.26	0.69	0.62	0.16		0.59	0.64	0.66	0.53	0.76	0.71	0.75	0.63	0.63
Long Term Debt	0.83	0.99	1.0	0.5	0.67	0.58	0.94	-0.99	0.89	0.59	1.0	0.56	0.34	0.87	1.0	0.11	0.59		0.85	0.84	0.98	0.75	0.92	0.86	0.8	0.93
Cash And Short Term Investments	0.9	0.88	0.84	0.2	0.65	0.53	0.83	-0.85	0.91	0.65	0.83	0.34	0.45	0.98	0.86	0.31	0.64	0.85		0.92	0.79	0.78	0.87	0.84	0.89	0.79
Net Receivables	0.93	0.87	0.83	0.13	0.75	0.64	0.79	-0.83	0.91	0.81	0.82	0.14	0.63	0.93	0.84	0.29	0.66	0.84	0.92		0.76	0.83	0.91	0.94	0.92	0.68
Good Will	0.73	0.96	0.99	0.63	0.66	0.48	0.92	-0.99	0.81	0.45	0.99	0.69	0.24	0.8	0.98	-0.04	0.53	0.98	0.79	0.76		0.66	0.84	0.76	0.74	0.93
Short Term Investments	0.86	0.78	0.72	-0.02	0.36	0.87	0.63	-0.72	0.84	0.71	0.71	0.06	0.3	0.81	0.76	0.46	0.76	0.75	0.78	0.83	0.66		0.85	0.91	0.64	0.72
Non Current Liabilities Total	0.91	0.92	0.9	0.23	0.68	0.78	0.81	-0.9	0.98	0.75	0.9	0.23	0.43	0.93	0.91	0.26	0.71	0.92	0.87	0.91	0.84	0.85		0.97	0.87	0.8
Inventory	0.93	0.88	0.83	0.07	0.63	0.82	0.74	-0.83	0.96	0.85	0.83	0.08	0.52	0.9	0.86	0.34	0.75	0.86	0.84	0.94	0.76	0.91	0.97		0.85	0.72
Other Current Assets	0.87	0.83	0.8	0.14	0.72	0.53	0.76	-0.8	0.88	0.81	0.79	0.2	0.56	0.92	0.81	0.21	0.63	0.8	0.89	0.92	0.74	0.64	0.87	0.85		0.67
Other Stockholder Equity	0.73	0.92	0.93	0.47	0.38	0.57	0.86	-0.93	0.79	0.45	0.93	0.67	0.04	0.8	0.93	0.13	0.63	0.93	0.79	0.68	0.93	0.72	0.8	0.72	0.67

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Brookfield Business Account Relationship Matchups

Brookfield Business fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	73.6M	80.2M	78.3M	75.3M	74.5M	68.3M
Total Assets	51.8B	54.7B	64.2B	89.5B	82.0B	86.1B
Short Long Term Debt Total	22.4B	23.8B	29.1B	50.8B	45.3B	47.6B
Other Current Liab	(2.8B)	(4.5B)	(5.1B)	7.6B	6.0B	6.3B
Total Current Liabilities	16.5B	610M	1.6B	17.0B	14.3B	7.3B
Total Stockholder Equity	11.1B	52.3B	60.8B	64.9B	1.9B	1.8B
Other Liab	5.6B	6.3B	2.5B	8.3B	9.6B	10.1B
Net Tangible Assets	(14.7B)	(14.6B)	(21.1B)	(38.0B)	(34.2B)	(32.5B)
Property Plant And Equipment Net	13.9B	14.0B	15.3B	15.9B	15.6B	9.1B
Current Deferred Revenue	1.4B	1.5B	1.4B	1.2B	481M	881.6M
Net Debt	20.4B	21.0B	26.5B	47.9B	41.9B	44.0B
Retained Earnings	(217M)	(235M)	62.9M	113.9M	546.2M	573.5M
Accounts Payable	16.5B	3.0B	3.7B	4.1B	4.2B	5.1B
Cash	2.0B	2.7B	2.6B	2.9B	3.4B	1.8B
Non Current Assets Total	38.9B	41.7B	49.6B	71.6B	67.2B	70.5B
Non Currrent Assets Other	1.8B	7.3B	297M	245M	204.1M	193.9M
Other Assets	2.5B	3.2B	9.4B	2.6B	3.0B	2.4B
Long Term Debt	21.3B	23.2B	27.5B	46.7B	39.5B	41.5B
Cash And Short Term Investments	2.0B	2.7B	2.6B	2.9B	4.0B	2.0B
Net Receivables	5.6B	5.0B	5.6B	7.3B	5.8B	4.4B
Good Will	5.2B	5.2B	8.6B	15.5B	14.1B	14.8B
Short Term Investments	734M	1.4B	1.4B	1.4B	614.8M	743.2M
Liabilities And Stockholders Equity	51.8B	52.8B	64.2B	89.5B	82.0B	86.1B
Non Current Liabilities Total	40.7B	42.8B	51.2B	71.0B	49.2B	28.5B
Inventory	5.3B	5.3B	6.4B	7.7B	3.8B	3.4B
Other Current Assets	719M	650M	872M	1.1B	1.2B	606.6M
Other Stockholder Equity	2.3B	50.4B	58.6B	63.5B	73.0B	76.7B
Total Liab	40.7B	43.4B	51.2B	71.0B	63.5B	66.7B
Long Term Investments	5.8B	10.5B	10.0B	15.0B	7.1B	5.1B
Property Plant And Equipment Gross	13.9B	14.0B	20.3B	22.0B	22.4B	23.5B
Short Long Term Debt	1.1B	610M	1.6B	3.8B	3.3B	3.5B
Total Current Assets	12.9B	13.0B	14.6B	17.9B	14.8B	10.1B
Short Term Debt	1.4B	610M	1.6B	4.1B	3.6B	3.8B
Intangible Assets	11.6B	11.3B	14.8B	24.0B	20.8B	21.9B
Common Stock	2.3B	2.3B	2.2B	2.1B	2.1B	2.1B
Property Plant Equipment	13.9B	14.0B	15.3B	15.9B	18.3B	19.2B
Long Term Debt Total	22.4B	23.2B	28.3B	44.2B	50.8B	53.4B

Pair Trading with Brookfield Business

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 Brookfield Business 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 Brookfield Business will appreciate offsetting losses from the drop in the long position's value.

Moving together with Brookfield Stock

0.63	WPRT	Westport Fuel Systems	Pair Corr
0.75	CYD	China Yuchai Interna	Pair Corr

Moving against Brookfield Stock

0.77	FIP	FTAI Infrastructure	Pair Corr
0.76	WAB	Westinghouse Air Brake	Pair Corr
0.66	MMM	3M Company Earnings Call This Week	Pair Corr
0.65	TRN	Trinity Industries	Pair Corr
0.6	MLR	Miller Industries	Pair Corr

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

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

Additional Tools for Brookfield Stock Analysis

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

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