Beacon Common Stock vs Total Assets Analysis

BECN Stock  USD 95.47  2.34  2.51%   
Beacon Roofing financial indicator trend analysis is way more than just evaluating Beacon Roofing Supply prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beacon Roofing Supply is a good investment. Please check the relationship between Beacon Roofing Common Stock and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beacon Roofing Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Common Stock vs Total Assets

Common Stock vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Beacon Roofing Supply Common Stock account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Beacon Roofing's Common Stock and Total Assets is 0.79. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Assets in the same time period over historical financial statements of Beacon Roofing Supply, assuming nothing else is changed. The correlation between historical values of Beacon Roofing's Common Stock 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 Common Stock of Beacon Roofing Supply 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 Common Stock i.e., Beacon Roofing's Common Stock and Total Assets go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock

Total Assets

Total assets refers to the total amount of Beacon Roofing 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 Beacon Roofing Supply 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 Beacon Roofing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beacon Roofing Supply 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 Beacon Roofing Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, Beacon Roofing's Selling General Administrative is very stable compared to the past year. As of the 31st of October 2024, Enterprise Value is likely to grow to about 4.5 B, while Tax Provision is likely to drop about 99.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.8B2.2B2.3B2.5B
Total Revenue6.8B8.4B9.1B9.6B

Beacon Roofing fundamental ratios Correlations

0.870.980.480.410.480.790.960.990.980.980.980.990.81-0.580.730.990.99-0.340.930.980.950.760.460.770.79
0.870.770.450.510.450.910.870.810.840.770.860.830.56-0.480.920.830.88-0.330.690.790.810.880.180.790.9
0.980.770.380.370.380.680.910.990.960.990.950.980.86-0.570.60.980.97-0.320.960.990.950.640.540.710.68
0.480.450.380.161.00.430.390.480.470.480.460.470.36-0.210.320.470.47-0.110.280.490.310.550.310.360.46
0.410.510.370.160.160.750.470.370.460.340.340.380.34-0.120.640.410.370.10.460.360.420.20.020.20.76
0.480.450.381.00.160.430.390.480.470.480.460.470.36-0.210.320.470.47-0.110.280.490.310.550.310.360.46
0.790.910.680.430.750.430.810.720.790.680.750.730.51-0.370.940.750.78-0.180.660.70.740.760.10.650.97
0.960.870.910.390.470.390.810.930.970.910.920.950.82-0.60.760.960.93-0.320.930.910.950.740.440.660.83
0.990.810.990.480.370.480.720.930.981.00.980.990.84-0.580.650.990.98-0.330.941.00.940.690.510.750.73
0.980.840.960.470.460.470.790.970.980.970.950.990.88-0.590.70.990.96-0.30.940.960.980.740.550.650.79
0.980.770.990.480.340.480.680.911.00.970.960.980.85-0.570.60.980.97-0.320.941.00.930.670.560.720.69
0.980.860.950.460.340.460.750.920.980.950.960.980.75-0.630.720.980.99-0.390.90.970.920.740.390.820.76
0.990.830.980.470.380.470.730.950.990.990.980.980.85-0.580.661.00.98-0.330.940.980.960.710.540.720.74
0.810.560.860.360.340.360.510.820.840.880.850.750.85-0.520.350.860.75-0.210.870.820.910.50.840.280.51
-0.58-0.48-0.57-0.21-0.12-0.21-0.37-0.6-0.58-0.59-0.57-0.63-0.58-0.52-0.42-0.6-0.560.61-0.6-0.57-0.58-0.4-0.16-0.4-0.4
0.730.920.60.320.640.320.940.760.650.70.60.720.660.35-0.420.680.74-0.280.590.630.640.74-0.080.730.93
0.990.830.980.470.410.470.750.960.990.990.980.981.00.86-0.60.680.97-0.330.950.980.960.710.520.710.77
0.990.880.970.470.370.470.780.930.980.960.970.990.980.75-0.560.740.97-0.350.90.980.910.750.390.840.78
-0.34-0.33-0.32-0.110.1-0.11-0.18-0.32-0.33-0.3-0.32-0.39-0.33-0.210.61-0.28-0.33-0.35-0.28-0.33-0.3-0.32-0.03-0.35-0.2
0.930.690.960.280.460.280.660.930.940.940.940.90.940.87-0.60.590.950.9-0.280.940.930.50.520.60.7
0.980.790.990.490.360.490.70.911.00.961.00.970.980.82-0.570.630.980.98-0.330.940.920.680.50.760.71
0.950.810.950.310.420.310.740.950.940.980.930.920.960.91-0.580.640.960.91-0.30.930.920.710.60.580.71
0.760.880.640.550.20.550.760.740.690.740.670.740.710.5-0.40.740.710.75-0.320.50.680.710.260.650.69
0.460.180.540.310.020.310.10.440.510.550.560.390.540.84-0.16-0.080.520.39-0.030.520.50.60.26-0.090.08
0.770.790.710.360.20.360.650.660.750.650.720.820.720.28-0.40.730.710.84-0.350.60.760.580.65-0.090.66
0.790.90.680.460.760.460.970.830.730.790.690.760.740.51-0.40.930.770.78-0.20.70.710.710.690.080.66
Click cells to compare fundamentals

Beacon Roofing Account Relationship Matchups

Beacon Roofing fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.4B7.0B5.5B6.0B6.2B6.5B
Total Stockholder Equity2.3B2.2B2.2B2.3B1.8B1.0B
Net Debt2.5B2.6B1.8B2.4B2.8B3.0B
Cash72.3M624.6M225.8M67.7M84M92.7M
Cash And Short Term Investments72.3M624.6M225.8M67.7M84M92.7M
Common Stock Shares Outstanding69.2M68.4M68.8M71.2M63.7M53.2M
Liabilities And Stockholders Equity6.4B7.0B5.5B6.0B6.2B6.5B
Other Stockholder Equity1.1B1.1B1.1B1.2B1.2B1.3B
Total Liab4.1B4.8B3.3B3.7B4.4B4.6B
Total Current Assets2.5B3.0B2.6B2.8B2.9B3.0B
Short Long Term Debt Total2.6B3.2B2.1B2.4B2.9B3.1B
Other Current Liab599.2M563.8M472.1M438.1M498.6M523.5M
Total Current Liabilities1.4B1.6B1.4B1.4B1.6B1.6B
Property Plant And Equipment Net260.4M687M670.2M804.6M940M987M
Retained Earnings799.2M694.3M682.5M728.8M618.8M436.5M
Accounts Payable822.9M954.6M794.2M821M942.8M989.9M
Non Current Assets Total3.9B4.0B2.9B3.2B3.3B3.5B
Non Currrent Assets Other2.1M2.1M8.9M7.5M12.8M11.7M
Net Receivables1.1B1.0B855.2M1.0B1.5B1.6B
Non Current Liabilities Total2.7B3.2B2.0B2.3B2.8B3.0B
Inventory1.0B944.6M1.2B1.3B1.2B1.3B
Other Current Assets315.6M378.3M367.2M417.8M72.8M138.3M
Accumulated Other Comprehensive Income(20.6M)(34.7M)(19.4M)(12.5M)(14.3M)(15.0M)
Short Term Debt18.7M112.8M105.4M120.6M125.9M132.2M
Intangible Assets1.1B801.2M421M447.7M403.5M369.7M
Common Stock681K685K700K600K690K539.6K
Good Will2.5B2.5B1.8B1.9B2.0B1.1B

Pair Trading with Beacon Roofing

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 Beacon Roofing 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 Beacon Roofing will appreciate offsetting losses from the drop in the long position's value.

Moving together with Beacon Stock

  0.61FAST Fastenal Fiscal Year End 16th of January 2025 PairCorr
The ability to find closely correlated positions to Beacon Roofing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beacon Roofing 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 Beacon Roofing - 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 Beacon Roofing Supply to buy it.
The correlation of Beacon Roofing 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 Beacon Roofing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beacon Roofing Supply 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 Beacon Roofing 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 CorrelationCorrelation Matching
When determining whether Beacon Roofing Supply offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Beacon Roofing's 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 Beacon Roofing Supply Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Beacon Roofing Supply Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beacon Roofing Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Trading Companies & Distributors space 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 Beacon Roofing. If investors know Beacon 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 Beacon Roofing 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
0.01
Earnings Share
(0.59)
Revenue Per Share
149.736
Quarterly Revenue Growth
0.068
Return On Assets
0.0622
The market value of Beacon Roofing Supply is measured differently than its book value, which is the value of Beacon that is recorded on the company's balance sheet. Investors also form their own opinion of Beacon Roofing's value that differs from its market value or its book value, called intrinsic value, which is Beacon Roofing'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 Beacon Roofing's market value can be influenced by many factors that don't directly affect Beacon Roofing'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 Beacon Roofing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beacon Roofing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beacon Roofing'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.