Tootsie Cash And Short Term Investments vs Cash Analysis
TR Stock | USD 29.22 0.31 1.07% |
Tootsie Roll financial indicator trend analysis is much more than just breaking down Tootsie Roll Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tootsie Roll Industries is a good investment. Please check the relationship between Tootsie Roll Cash And Short Term Investments and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tootsie Roll Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Cash And Short Term Investments vs Cash
Cash And Short Term Investments vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tootsie Roll Industries Cash And Short Term Investments account and Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Tootsie Roll's Cash And Short Term Investments and Cash is 0.83. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Cash in the same time period over historical financial statements of Tootsie Roll Industries, assuming nothing else is changed. The correlation between historical values of Tootsie Roll's Cash And Short Term Investments and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Tootsie Roll Industries are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Cash And Short Term Investments i.e., Tootsie Roll's Cash And Short Term Investments and Cash go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Tootsie Roll Industries balance sheet. This account contains Tootsie Roll investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Tootsie Roll Industries fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Cash
Cash refers to the most liquid asset of Tootsie Roll Industries, which is listed under current asset account on Tootsie Roll Industries balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Tootsie Roll customers. The amounts must be unrestricted with restricted cash listed in a different Tootsie Roll account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Tootsie Roll's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tootsie Roll Industries 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 Tootsie Roll Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Tootsie Roll's Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 06/15/2024, Enterprise Value is likely to grow to about 2.4 B, while Selling General Administrative is likely to drop slightly above 68.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 194.5M | 227.2M | 257.4M | 181.3M | Total Revenue | 566.0M | 681.4M | 769.4M | 451.1M |
Tootsie Roll fundamental ratios Correlations
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Tootsie Roll Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tootsie Roll fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 977.9M | 984.6M | 1.0B | 1.0B | 1.1B | 688.6M | |
Short Long Term Debt Total | 9.8M | 9.2M | 15.9M | 13.3M | 15.9M | 13.1M | |
Other Current Liab | 65.0M | 55.4M | 63.0M | 63.0M | 68.6M | 43.2M | |
Total Current Liabilities | 79.5M | 70.0M | 80.0M | 90.1M | 94.9M | 60.6M | |
Total Stockholder Equity | 759.9M | 763.3M | 769.0M | 783.2M | 823.4M | 535.9M | |
Property Plant And Equipment Net | 188.5M | 187.3M | 208.9M | 212.0M | 223.0M | 149.8M | |
Net Debt | (129.1M) | (157.7M) | (90.0M) | (40.0M) | (60.4M) | (63.4M) | |
Retained Earnings | 40.8M | 32.3M | 39.5M | 48.3M | 62.9M | 79.8M | |
Cash | 139.0M | 166.8M | 105.8M | 53.3M | 76.3M | 75.6M | |
Non Current Assets Total | 624.5M | 663.7M | 750.3M | 709.8M | 743.7M | 465.7M | |
Non Currrent Assets Other | 34.1M | 7.0M | 603K | 465K | 15.2M | 14.4M | |
Cash And Short Term Investments | 239.4M | 208.9M | 145.8M | 149.4M | 171.8M | 110.3M | |
Net Receivables | 48.5M | 45.1M | 58.8M | 62.9M | 64.7M | 36.7M | |
Common Stock Shares Outstanding | 75.9M | 74.9M | 73.7M | 73.0M | 71.9M | 71.0M | |
Liabilities And Stockholders Equity | 977.9M | 984.6M | 1.0B | 1.0B | 1.1B | 688.6M | |
Non Current Liabilities Total | 138.7M | 151.4M | 169.9M | 145.8M | 166.4M | 92.0M | |
Inventory | 59.1M | 59.6M | 55.5M | 84.3M | 94.9M | 50.8M | |
Other Current Assets | 6.4M | 7.3M | 8.1M | 12.5M | 9.2M | 18.2M | |
Other Stockholder Equity | 694.1M | 704.9M | 707.9M | 717.6M | 735.5M | 427.1M | |
Total Liab | 218.2M | 221.5M | 249.8M | 235.9M | 261.3M | 152.7M | |
Property Plant And Equipment Gross | 188.5M | 187.3M | 621.4M | 641.2M | 670.5M | 704.0M | |
Total Current Assets | 353.3M | 320.9M | 268.3M | 309.0M | 340.7M | 222.9M | |
Accumulated Other Comprehensive Income | (20.2M) | (19.8M) | (25.0M) | (30.2M) | (23.2M) | (24.4M) | |
Short Term Debt | 1.8M | 1.6M | 2.0M | 1.8M | 2.4M | 4.1M | |
Accounts Payable | 12.7M | 13.0M | 15.0M | 25.2M | 15.8M | 12.3M | |
Common Stock Total Equity | 45.2M | 45.9M | 46.6M | 47.5M | 54.6M | 44.0M | |
Short Term Investments | 100.4M | 42.1M | 40.0M | 96.1M | 95.5M | 54.1M | |
Common Stock | 45.2M | 45.9M | 46.6M | 47.5M | 48.2M | 44.4M | |
Other Liab | 130.7M | 143.9M | 156.0M | 134.3M | 154.5M | 95.2M | |
Other Assets | 34.8M | 403.1M | 2.0M | 1.9M | 2.2M | 2.1M | |
Property Plant Equipment | 188.5M | 187.3M | 208.9M | 212.0M | 243.8M | 204.0M | |
Net Tangible Assets | 511.6M | 515.1M | 520.8M | 534.9M | 615.1M | 516.0M | |
Noncontrolling Interest In Consolidated Entity | (205K) | (227K) | (245K) | (289K) | (260.1K) | (247.1K) | |
Retained Earnings Total Equity | 40.8M | 32.3M | 39.5M | 48.3M | 43.4M | 50.3M | |
Capital Surpluse | 696.1M | 706.9M | 709.9M | 719.6M | 827.5M | 695.0M |
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