British Good Will vs Net Invested Capital Analysis
BTI Stock | USD 29.25 0.15 0.51% |
British Amer financial indicator trend analysis is way more than just evaluating British American Tobacco prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether British American Tobacco is a good investment. Please check the relationship between British Amer Good Will and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in British American Tobacco. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Good Will vs Net Invested Capital
Good Will vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of British American Tobacco Good Will account and Net Invested Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between British Amer's Good Will and Net Invested Capital is 0.47. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of British American Tobacco, assuming nothing else is changed. The correlation between historical values of British Amer's Good Will and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of British American Tobacco are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Good Will i.e., British Amer's Good Will and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from British Amer's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into British American Tobacco 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 British American Tobacco. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. The current Selling General Administrative is estimated to decrease to about 25.7 M. The British Amer's current Tax Provision is estimated to increase to about (2.7 B)
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.5B | 1.7B | 1.9B | 2.0B | Depreciation And Amortization | 1.5B | 2.2B | 24B | 25.2B |
British Amer fundamental ratios Correlations
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British Amer Account Relationship Matchups
High Positive Relationship
High Negative Relationship
British Amer fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 141.0B | 137.7B | 137.4B | 153.5B | 118.7B | 124.7B | |
Short Long Term Debt Total | 45.4B | 44.0B | 39.7B | 43.1B | 39.7B | 41.7B | |
Other Current Liab | 1.5B | 1.7B | 1.6B | 16.7B | 1.6B | 1.6B | |
Total Current Liabilities | 18.8B | 15.5B | 15.1B | 17.9B | 15.7B | 9.7B | |
Total Stockholder Equity | 63.9B | 62.7B | 67.1B | 75.4B | 52.6B | 55.2B | |
Property Plant And Equipment Net | 5.5B | 5.1B | 5.0B | 4.9B | 4.6B | 3.4B | |
Net Debt | 42.8B | 40.8B | 36.8B | 39.7B | 37.4B | 39.2B | |
Retained Earnings | 40.2B | 42.0B | 44.2B | 44.1B | 31.6B | 33.2B | |
Accounts Payable | 9.7B | 9.7B | 9.6B | 10.4B | 9.7B | 5.0B | |
Cash | 2.5B | 3.1B | 2.8B | 3.4B | 2.4B | 2.1B | |
Non Current Assets Total | 127.7B | 124.1B | 124.6B | 138.1B | 104.5B | 109.8B | |
Non Currrent Assets Other | 1.3B | 1.6B | 1.8B | 924.8M | 2.0B | 2.1B | |
Cash And Short Term Investments | 2.6B | 3.4B | 3.3B | 4.0B | 3.0B | 2.3B | |
Common Stock Shares Outstanding | 2.3B | 2.3B | 2.3B | 2.3B | 2.2B | 2.2B | |
Short Term Investments | 123M | 242M | 456M | 579M | 601M | 631.1M | |
Liabilities And Stockholders Equity | 141.0B | 137.7B | 137.4B | 153.5B | 118.7B | 124.7B | |
Non Current Liabilities Total | 58.0B | 59.3B | 54.8B | 60.0B | 50.1B | 52.6B | |
Inventory | 6.1B | 6.0B | 5.3B | 5.7B | 4.9B | 3.9B | |
Other Current Assets | 14.0B | 316M | 433M | 195M | 6.3M | 185.3M | |
Other Stockholder Equity | 26.4B | 26.4B | 22.3B | 26.5B | 19.9B | 20.9B | |
Total Liab | 76.8B | 74.7B | 70.0B | 77.8B | 65.8B | 69.1B | |
Property Plant And Equipment Gross | 5.5B | 5.1B | 9.0B | 9.5B | 9.0B | 9.5B | |
Total Current Assets | 13.3B | 13.6B | 12.8B | 15.4B | 14.2B | 9.3B | |
Accumulated Other Comprehensive Income | (3.5B) | (6.5B) | (4.2B) | 4.1B | 409M | 429.5M | |
Short Term Debt | 7.6B | 4.0B | 4.0B | 4.4B | 4.3B | 2.9B | |
Intangible Assets | 74.5B | 72.0B | 72.4B | 81.1B | 54.5B | 57.2B | |
Other Liab | 20.2B | 19.3B | 19.2B | 21.3B | 24.4B | 25.7B | |
Long Term Debt | 37.4B | 39.9B | 35.7B | 38.4B | 35.0B | 22.1B | |
Net Receivables | 4.2B | 3.8B | 4.1B | 5.7B | 3.8B | 2.5B | |
Good Will | 44.3B | 43.3B | 43.2B | 48.0B | 41.1B | 25.4B | |
Property Plant Equipment | 5.5B | 5.1B | 5.0B | 4.9B | 4.4B | 3.9B | |
Other Assets | 2.1B | 2.5B | 2.7B | 2.5B | 2.9B | 2.0B | |
Treasury Stock | (5.2B) | (5.3B) | (5.2B) | (5.1B) | (4.6B) | (4.8B) | |
Net Tangible Assets | (55.0B) | (52.8B) | (48.5B) | (53.7B) | (48.3B) | (50.8B) | |
Short Long Term Debt | 96.5B | 3.9B | 3.9B | 4.3B | 4.2B | 4.0B | |
Long Term Debt Total | 37.8B | 39.9B | 35.7B | 38.7B | 44.5B | 37.2B |
Pair Trading with British Amer
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 British Amer 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 British Amer will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to British Amer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace British Amer 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 British Amer - 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 British American Tobacco to buy it.
The correlation of British Amer 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 British Amer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if British American Tobacco 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 British Amer 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in British American Tobacco. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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Is British Amer's 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 British Amer. If investors know British 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 British Amer 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 1.178 | Dividend Share 2.309 | Earnings Share (8.06) | Revenue Per Share 2.448 | Quarterly Revenue Growth (0.06) |
The market value of British American Tobacco is measured differently than its book value, which is the value of British that is recorded on the company's balance sheet. Investors also form their own opinion of British Amer's value that differs from its market value or its book value, called intrinsic value, which is British Amer's 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 British Amer's market value can be influenced by many factors that don't directly affect British Amer's 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 British Amer's value and its price as these two are different measures arrived at by different means. Investors typically determine if British Amer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, British Amer's 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.