Birks Total Current Liabilities from 2010 to 2024
| BGI Stock | USD 2.55 0.06 2.30% |
Total Current Liabilities | First Reported 2004-03-31 | Previous Quarter 112.1 M | Current Value 114.9 M | Quarterly Volatility 35 M |
Check Birks financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Birks main balance sheet or income statement drivers, such as Depreciation And Amortization of 4.9 M, Interest Expense of 6.6 M or Selling General Administrative of 78.7 M, as well as many exotic indicators such as Price To Sales Ratio of 1.18, Dividend Yield of 0.0 or Days Sales Outstanding of 24.08. Birks financial statements analysis is a perfect complement when working with Birks Valuation or Volatility modules.
Birks | Total Current Liabilities |
Latest Birks' Total Current Liabilities Growth Pattern
Below is the plot of the Total Current Liabilities of Birks Group over the last few years. Total Current Liabilities is an item on Birks balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Birks Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. It is the total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations. Birks' Total Current Liabilities historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Birks' overall financial position and show how it may be relating to other accounts over time.
| Total Current Liabilities | 10 Years Trend |
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Total Current Liabilities |
| Timeline |
Birks Total Current Liabilities Regression Statistics
| Arithmetic Mean | 121,600,090 | |
| Geometric Mean | 118,485,049 | |
| Coefficient Of Variation | 23.29 | |
| Mean Deviation | 22,715,402 | |
| Median | 116,766,000 | |
| Standard Deviation | 28,320,829 | |
| Sample Variance | 802.1T | |
| Range | 96.8M | |
| R-Value | (0.56) | |
| Mean Square Error | 596.8T | |
| R-Squared | 0.31 | |
| Significance | 0.03 | |
| Slope | (3,520,338) | |
| Total Sum of Squares | 11229T |
Birks Total Current Liabilities History
About Birks Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Birks income statement, its balance sheet, and the statement of cash flows. Birks investors use historical funamental indicators, such as Birks's Total Current Liabilities, to determine how well the company is positioned to perform in the future. Although Birks investors may use each financial statement separately, they are all related. The changes in Birks's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Birks's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Birks Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Birks. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Total Current Liabilities | 100.9 M | 106.8 M |
Pair Trading with Birks
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 Birks 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 Birks will appreciate offsetting losses from the drop in the long position's value.Moving against Birks Stock
| 0.85 | JD | JD Inc Adr Buyout Trend | PairCorr |
| 0.82 | DKS | Dicks Sporting Goods Financial Report 28th of May 2024 | PairCorr |
| 0.8 | AN | AutoNation | PairCorr |
| 0.69 | DIBS | 1StdibsCom Earnings Call This Week | PairCorr |
| 0.6 | LE | Lands End Financial Report 6th of June 2024 | PairCorr |
The ability to find closely correlated positions to Birks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Birks 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 Birks - 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 Birks Group to buy it.
The correlation of Birks 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 Birks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Birks Group 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 Birks 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 the analysis of Birks Correlation against competitors. Note that the Birks Group information on this page should be used as a complementary analysis to other Birks' 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Birks Stock analysis
When running Birks' price analysis, check to measure Birks' 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 Birks is operating at the current time. Most of Birks' value examination focuses on studying past and present price action to predict the probability of Birks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Birks' price. Additionally, you may evaluate how the addition of Birks to your portfolios can decrease your overall portfolio volatility.
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Is Birks' 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 Birks. If investors know Birks 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 Birks listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.27) | Revenue Per Share 9.055 | Quarterly Revenue Growth 0.097 | Return On Assets (0.01) | Return On Equity (5.89) |
The market value of Birks Group is measured differently than its book value, which is the value of Birks that is recorded on the company's balance sheet. Investors also form their own opinion of Birks' value that differs from its market value or its book value, called intrinsic value, which is Birks' 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 Birks' market value can be influenced by many factors that don't directly affect Birks' 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 Birks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Birks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Birks' 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.