Beacon Total Current Assets vs Total Assets Analysis

BECN Stock  USD 97.06  0.77  0.80%   
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 Total Current Assets 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 tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

Total Current Assets vs Total Assets

Total Current Assets 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 Total Current Assets account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Beacon Roofing's Total Current Assets and Total Assets is 0.98. Overlapping area represents the amount of variation of Total Current Assets 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 Total Current 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 Total Current Assets 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 Total Current Assets i.e., Beacon Roofing's Total Current Assets and Total Assets go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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 tightly coupled 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 May 2024, Tax Provision is likely to grow to about 182.5 M, while Discontinued Operations is likely to drop (252 M).
 2021 2022 2023 2024 (projected)
Gross Profit2.2B2.3B2.7B2.8B
Total Revenue8.4B9.1B10.5B11.0B

Beacon Roofing fundamental ratios Correlations

0.950.980.460.99-0.52-0.330.460.770.980.960.990.980.980.980.99-0.220.83-0.410.670.990.980.920.980.780.95
0.950.870.440.94-0.64-0.430.440.880.880.950.90.930.870.940.92-0.050.7-0.260.820.920.890.810.950.870.9
0.980.870.350.96-0.43-0.260.350.670.990.920.990.970.990.950.98-0.330.88-0.520.540.980.980.960.950.70.96
0.460.440.350.46-0.26-0.161.00.410.450.360.450.440.450.450.440.080.30.130.340.430.460.230.480.40.28
0.990.940.960.46-0.49-0.310.460.760.980.930.980.950.970.990.97-0.140.76-0.330.680.970.990.891.00.770.91
-0.52-0.64-0.43-0.26-0.490.83-0.26-0.81-0.42-0.56-0.45-0.53-0.41-0.49-0.46-0.27-0.31-0.18-0.78-0.49-0.43-0.46-0.52-0.75-0.47
-0.33-0.43-0.26-0.16-0.310.83-0.16-0.67-0.26-0.35-0.28-0.33-0.24-0.27-0.26-0.45-0.12-0.4-0.68-0.3-0.28-0.32-0.35-0.62-0.25
0.460.440.351.00.46-0.26-0.160.410.450.360.450.440.450.450.440.080.30.130.340.430.460.230.480.40.28
0.770.880.670.410.76-0.81-0.670.410.680.790.710.770.670.730.720.130.52-0.030.950.730.690.640.780.980.72
0.980.880.990.450.98-0.42-0.260.450.680.921.00.961.00.970.98-0.270.85-0.450.560.980.990.930.970.70.93
0.960.950.920.360.93-0.56-0.350.360.790.920.940.970.920.930.95-0.210.84-0.460.690.960.90.930.920.830.95
0.990.90.990.450.98-0.45-0.280.450.711.00.940.981.00.970.99-0.280.86-0.450.590.990.990.940.970.730.95
0.980.930.970.440.95-0.53-0.330.440.770.960.970.980.970.950.99-0.320.9-0.50.630.990.940.940.940.790.98
0.980.870.990.450.97-0.41-0.240.450.671.00.921.00.970.960.99-0.320.87-0.490.540.980.980.940.960.70.94
0.980.940.950.450.99-0.49-0.270.450.730.970.930.970.950.960.98-0.180.76-0.360.670.970.970.890.980.750.92
0.990.920.980.440.97-0.46-0.260.440.720.980.950.990.990.990.98-0.320.87-0.490.61.00.970.940.960.740.96
-0.22-0.05-0.330.08-0.14-0.27-0.450.080.13-0.27-0.21-0.28-0.32-0.32-0.18-0.32-0.650.910.35-0.3-0.18-0.34-0.070.08-0.44
0.830.70.880.30.76-0.31-0.120.30.520.850.840.860.90.870.760.87-0.65-0.770.310.880.780.90.720.570.92
-0.41-0.26-0.520.13-0.33-0.18-0.40.13-0.03-0.45-0.46-0.45-0.5-0.49-0.36-0.490.91-0.770.18-0.48-0.36-0.56-0.27-0.11-0.62
0.670.820.540.340.68-0.78-0.680.340.950.560.690.590.630.540.670.60.350.310.180.610.60.510.710.930.57
0.990.920.980.430.97-0.49-0.30.430.730.980.960.990.990.980.971.0-0.30.88-0.480.610.960.950.960.760.97
0.980.890.980.460.99-0.43-0.280.460.690.990.90.990.940.980.970.97-0.180.78-0.360.60.960.90.980.710.9
0.920.810.960.230.89-0.46-0.320.230.640.930.930.940.940.940.890.94-0.340.9-0.560.510.950.90.870.690.94
0.980.950.950.481.0-0.52-0.350.480.780.970.920.970.940.960.980.96-0.070.72-0.270.710.960.980.870.780.89
0.780.870.70.40.77-0.75-0.620.40.980.70.830.730.790.70.750.740.080.57-0.110.930.760.710.690.780.74
0.950.90.960.280.91-0.47-0.250.280.720.930.950.950.980.940.920.96-0.440.92-0.620.570.970.90.940.890.74
Click cells to compare fundamentals

Beacon Roofing Account Relationship Matchups

Beacon Roofing fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.0B5.5B6.0B6.2B7.1B7.5B
Total Stockholder Equity2.2B2.2B2.3B1.8B2.1B2.2B
Net Debt2.6B1.8B2.4B2.8B3.3B3.4B
Cash624.6M225.8M67.7M84M96.6M92.7M
Non Current Assets Total4.0B2.9B3.2B3.3B3.8B4.0B
Non Currrent Assets Other2.1M8.9M7.5M12.8M11.5M10.9M
Cash And Short Term Investments624.6M225.8M67.7M84M96.6M92.7M
Common Stock Shares Outstanding68.4M68.8M71.2M63.7M73.3M53.2M
Liabilities And Stockholders Equity7.0B5.5B6.0B6.2B7.1B7.5B
Non Current Liabilities Total3.2B2.0B2.3B2.8B3.2B3.4B
Other Stockholder Equity1.1B1.1B1.2B1.2B1.4B1.5B
Total Liab4.8B3.3B3.7B4.4B5.0B5.3B
Total Current Assets3.0B2.6B2.8B2.9B3.3B3.5B
Short Long Term Debt Total3.2B2.1B2.4B2.9B3.4B3.5B
Other Current Liab563.8M472.1M438.1M498.6M573.4M602.1M
Total Current Liabilities1.6B1.4B1.4B1.6B1.8B1.9B
Other Liab110.3M80.5M700K200K230K218.5K
Property Plant And Equipment Net687M670.2M804.6M940M1.1B1.1B
Retained Earnings694.3M682.5M728.8M618.8M711.6M436.5M
Accounts Payable954.6M794.2M821M942.8M1.1B1.1B
Long Term Debt2.7B1.6B1.9B2.3B2.6B2.7B
Net Receivables1.0B855.2M1.0B1.5B1.7B1.8B
Good Will2.5B1.8B1.9B2.0B2.2B2.4B
Inventory944.6M1.2B1.3B1.2B1.4B1.5B
Other Current Assets378.3M367.2M417.8M72.8M83.7M138.3M
Property Plant And Equipment Gross687M635.8M804.6M1.4B1.6B1.7B
Accumulated Other Comprehensive Income(34.7M)(19.4M)(12.5M)(14.3M)(12.9M)(13.5M)
Short Term Debt112.8M105.4M120.6M125.9M144.8M152.0M
Intangible Assets801.2M421M447.7M403.5M464.0M376.6M
Common Stock681K685K700K600K690K539.6K
Property Plant Equipment260.4M243.7M236.6M804.6M925.3M971.6M
Net Tangible Assets(1.8B)(1.1B)(33.7M)(459.9M)(413.9M)(434.6M)
Long Term Debt Total2.6B2.6B2.7B1.6B1.9B1.2B
Capital Surpluse1.1B1.1B1.1B1.1B1.3B807.4M

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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 tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the Beacon Roofing Supply information on this page should be used as a complementary analysis to other Beacon Roofing's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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When running Beacon Roofing's price analysis, check to measure Beacon Roofing's 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 Beacon Roofing is operating at the current time. Most of Beacon Roofing's value examination focuses on studying past and present price action to predict the probability of Beacon Roofing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beacon Roofing's price. Additionally, you may evaluate how the addition of Beacon Roofing to your portfolios can decrease your overall portfolio volatility.
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Is Beacon Roofing'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 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
(0.65)
Earnings Share
(0.59)
Revenue Per Share
146.397
Quarterly Revenue Growth
0.104
Return On Assets
0.0692
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.