Tootsie Deferred Long Term Liab vs Accounts Payable 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 Deferred Long Term Liab and its Accounts Payable 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.

Deferred Long Term Liab vs Accounts Payable

Deferred Long Term Liab vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tootsie Roll Industries Deferred Long Term Liab account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Tootsie Roll's Deferred Long Term Liab and Accounts Payable is 0.48. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Accounts Payable 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 Deferred Long Term Liab and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Tootsie Roll Industries are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Deferred Long Term Liab i.e., Tootsie Roll's Deferred Long Term Liab and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.48

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Accounts Payable

An accounting item on the balance sheet that represents Tootsie Roll obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Tootsie Roll Industries are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

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

Gross Profit Total Revenue

Tootsie Roll fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Short Term Investments
Total Assets		0.68	0.94	0.92	1.0	0.96	-0.5	0.02	0.57	0.98	0.15	0.73	0.91	-0.86	0.97	0.83	0.43	0.99	0.99	0.36	0.91	0.04	0.97	0.58	0.77	0.05
Short Long Term Debt Total	0.68		0.79	0.85	0.66	0.66	-0.05	0.01	0.16	0.67	-0.35	0.43	0.68	-0.83	0.64	0.67	0.56	0.66	0.73	0.9	0.63	0.67	0.65	0.73	0.88	0.27
Other Current Liab	0.94	0.79		0.97	0.93	0.91	-0.38	0.01	0.47	0.91	0.01	0.7	0.86	-0.82	0.91	0.83	0.36	0.92	0.96	0.51	0.88	0.24	0.9	0.66	0.83	0.18
Total Current Liabilities	0.92	0.85	0.97		0.91	0.87	-0.31	-0.03	0.4	0.88	-0.1	0.69	0.88	-0.87	0.86	0.87	0.46	0.91	0.94	0.61	0.89	0.32	0.87	0.76	0.89	0.28
Total Stockholder Equity	1.0	0.66	0.93	0.91		0.95	-0.51	0.01	0.58	0.98	0.16	0.74	0.91	-0.86	0.96	0.81	0.44	0.99	0.98	0.34	0.91	0.03	0.97	0.57	0.76	0.05
Property Plant And Equipment Net	0.96	0.66	0.91	0.87	0.95		-0.33	0.27	0.4	0.98	0.33	0.54	0.87	-0.77	0.96	0.88	0.38	0.9	0.96	0.38	0.77	-0.02	0.97	0.53	0.67	-0.12
Net Debt	-0.5	-0.05	-0.38	-0.31	-0.51	-0.33		0.37	-0.99	-0.41	-0.04	-0.8	-0.25	0.4	-0.48	-0.08	-0.06	-0.55	-0.44	0.31	-0.63	0.11	-0.44	0.07	-0.22	0.07
Retained Earnings	0.02	0.01	0.01	-0.03	0.01	0.27	0.37		-0.37	0.13	0.7	-0.48	0.02	0.04	0.07	0.32	0.12	-0.14	0.04	0.11	-0.25	-0.1	0.21	-0.16	-0.17	-0.57
Cash	0.57	0.16	0.47	0.4	0.58	0.4	-0.99	-0.37		0.48	0.0	0.83	0.33	-0.49	0.55	0.15	0.12	0.61	0.51	-0.21	0.69	-0.04	0.51	0.01	0.31	-0.04
Non Current Assets Total	0.98	0.67	0.91	0.88	0.98	0.98	-0.41	0.13	0.48		0.24	0.6	0.91	-0.81	0.98	0.83	0.4	0.95	0.98	0.36	0.82	-0.02	0.97	0.55	0.71	-0.09
Non Currrent Assets Other	0.15	-0.35	0.01	-0.1	0.16	0.33	-0.04	0.7	0.0	0.24		-0.17	0.09	0.11	0.2	0.19	-0.13	0.06	0.11	-0.45	-0.07	-0.62	0.31	-0.42	-0.32	-0.58
Cash And Short Term Investments	0.73	0.43	0.7	0.69	0.74	0.54	-0.8	-0.48	0.83	0.6	-0.17		0.56	-0.69	0.65	0.43	0.28	0.8	0.68	0.09	0.93	0.15	0.64	0.4	0.65	0.44
Net Receivables	0.91	0.68	0.86	0.88	0.91	0.87	-0.25	0.02	0.33	0.91	0.09	0.56		-0.8	0.86	0.79	0.48	0.91	0.89	0.43	0.8	0.03	0.88	0.65	0.77	0.09
Common Stock Shares Outstanding	-0.86	-0.83	-0.82	-0.87	-0.86	-0.77	0.4	0.04	-0.49	-0.81	0.11	-0.69	-0.8		-0.77	-0.67	-0.76	-0.85	-0.83	-0.63	-0.85	-0.45	-0.85	-0.64	-0.83	-0.19
Non Current Liabilities Total	0.97	0.64	0.91	0.86	0.96	0.96	-0.48	0.07	0.55	0.98	0.2	0.65	0.86	-0.77		0.81	0.33	0.94	0.99	0.31	0.83	-0.06	0.95	0.48	0.69	-0.09
Inventory	0.83	0.67	0.83	0.87	0.81	0.88	-0.08	0.32	0.15	0.83	0.19	0.43	0.79	-0.67	0.81		0.35	0.76	0.85	0.5	0.71	0.09	0.85	0.66	0.75	0.11
Other Current Assets	0.43	0.56	0.36	0.46	0.44	0.38	-0.06	0.12	0.12	0.4	-0.13	0.28	0.48	-0.76	0.33	0.35		0.4	0.38	0.59	0.44	0.48	0.47	0.46	0.46	0.11
Other Stockholder Equity	0.99	0.66	0.92	0.91	0.99	0.9	-0.55	-0.14	0.61	0.95	0.06	0.8	0.91	-0.85	0.94	0.76	0.4		0.96	0.33	0.94	0.04	0.92	0.6	0.78	0.15
Total Liab	0.99	0.73	0.96	0.94	0.98	0.96	-0.44	0.04	0.51	0.98	0.11	0.68	0.89	-0.83	0.99	0.85	0.38	0.96		0.42	0.87	0.07	0.96	0.59	0.78	0.03
Property Plant And Equipment Gross	0.36	0.9	0.51	0.61	0.34	0.38	0.31	0.11	-0.21	0.36	-0.45	0.09	0.43	-0.63	0.31	0.5	0.59	0.33	0.42		0.31	0.79	0.35	0.7	0.7	0.3
Total Current Assets	0.91	0.63	0.88	0.89	0.91	0.77	-0.63	-0.25	0.69	0.82	-0.07	0.93	0.8	-0.85	0.83	0.71	0.44	0.94	0.87	0.31		0.18	0.84	0.59	0.81	0.36
Short Term Debt	0.04	0.67	0.24	0.32	0.03	-0.02	0.11	-0.1	-0.04	-0.02	-0.62	0.15	0.03	-0.45	-0.06	0.09	0.48	0.04	0.07	0.79	0.18		0.02	0.44	0.51	0.43
Intangible Assets	0.97	0.65	0.9	0.87	0.97	0.97	-0.44	0.21	0.51	0.97	0.31	0.64	0.88	-0.85	0.95	0.85	0.47	0.92	0.96	0.35	0.84	0.02		0.47	0.72	-0.07
Accounts Payable	0.58	0.73	0.66	0.76	0.57	0.53	0.07	-0.16	0.01	0.55	-0.42	0.4	0.65	-0.64	0.48	0.66	0.46	0.6	0.59	0.7	0.59	0.44	0.47		0.71	0.47
Common Stock Total Equity	0.77	0.88	0.83	0.89	0.76	0.67	-0.22	-0.17	0.31	0.71	-0.32	0.65	0.77	-0.83	0.69	0.75	0.46	0.78	0.78	0.7	0.81	0.51	0.72	0.71		0.47
Short Term Investments	0.05	0.27	0.18	0.28	0.05	-0.12	0.07	-0.57	-0.04	-0.09	-0.58	0.44	0.09	-0.19	-0.09	0.11	0.11	0.15	0.03	0.3	0.36	0.43	-0.07	0.47	0.47

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Tootsie Roll Account Relationship Matchups

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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Tootsie Deferred Long Term Liab vs Accounts Payable Analysis

Deferred Long Term Liab vs Accounts Payable

Deferred Long Term Liab vs Accounts Payable Correlation Analysis

Correlation Coefficient

Deferred Long Term Liab

Accounts Payable

Tootsie Roll fundamental ratios Correlations

Tootsie Roll Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tootsie Roll fundamental ratios Accounts

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Additional Tools for Tootsie Stock Analysis

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Total Stockholder Equity	+ 1.0	Total Assets
Other Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Assets Total	+ 0.98	Total Assets

Cash	- 0.99	Net Debt
Common Stock Shares Outstanding	- 0.87	Total Current Liabilities
Common Stock Shares Outstanding	- 0.86	Total Stockholder Equity
Common Stock Shares Outstanding	- 0.86	Total Assets
Intangible Assets	- 0.85	Common Stock Shares Outstanding
Total Current Assets	- 0.85	Common Stock Shares Outstanding