Beacon Total Assets vs Other Stockholder Equity Analysis

BECN Stock

USD 95.42 6.67 7.52%

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 Assets and its Other Stockholder Equity 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.

Total Assets vs Other Stockholder Equity

Total Assets vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Beacon Roofing Supply Total Assets account and Other Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Beacon Roofing's Total Assets and Other Stockholder Equity is 0.96. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Stockholder Equity 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 Assets and Other Stockholder Equity 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 Assets of Beacon Roofing Supply are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Assets i.e., Beacon Roofing's Total Assets and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

Other Stockholder Equity

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 Tax Provision is very stable compared to the past year. As of the 8th of October 2024, Enterprise Value is likely to grow to about 4.5 B, while Selling General Administrative is likely to drop about 750.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.8B	2.2B	2.3B	2.5B
Total Revenue	6.8B	8.4B	9.1B	9.6B

Gross Profit Total Revenue

Beacon Roofing fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Common Stock Total Equity	Inventory
Total Assets		0.87	0.98	0.48	0.99	-0.53	0.36	0.48	0.73	0.98	0.96	0.99	0.98	0.98	0.98	0.99	-0.37	0.81	-0.39	0.73	0.99	0.86	0.93	0.92	0.75	0.95
Total Stockholder Equity	0.87		0.77	0.45	0.87	-0.63	0.04	0.45	0.87	0.79	0.87	0.81	0.84	0.77	0.86	0.83	-0.11	0.56	-0.11	0.92	0.83	0.8	0.69	0.95	0.87	0.81
Net Debt	0.98	0.77		0.38	0.97	-0.44	0.49	0.38	0.61	0.99	0.91	0.99	0.96	0.99	0.95	0.98	-0.44	0.86	-0.47	0.6	0.98	0.81	0.96	0.86	0.66	0.95
Cash	0.48	0.45	0.38		0.47	-0.26	-0.06	1.0	0.39	0.48	0.39	0.48	0.47	0.48	0.46	0.47	-0.33	0.36	-0.36	0.32	0.47	0.23	0.28	0.51	0.34	0.31
Non Current Assets Total	0.99	0.87	0.97	0.47		-0.5	0.3	0.47	0.71	0.98	0.93	0.98	0.95	0.97	0.99	0.98	-0.31	0.75	-0.32	0.74	0.97	0.86	0.9	0.94	0.72	0.91
Non Currrent Assets Other	-0.53	-0.63	-0.44	-0.26	-0.5		0.23	-0.26	-0.87	-0.44	-0.58	-0.47	-0.55	-0.43	-0.5	-0.48	-0.26	-0.33	-0.18	-0.78	-0.51	-0.51	-0.49	-0.53	-0.81	-0.49
Other Assets	0.36	0.04	0.49	-0.06	0.3	0.23		-0.06	-0.17	0.43	0.36	0.42	0.42	0.47	0.3	0.42	-0.73	0.72	-0.76	-0.19	0.41	0.25	0.5	0.11	-0.03	0.51
Cash And Short Term Investments	0.48	0.45	0.38	1.0	0.47	-0.26	-0.06		0.39	0.48	0.39	0.48	0.47	0.48	0.46	0.47	-0.33	0.36	-0.36	0.32	0.47	0.23	0.28	0.51	0.34	0.31
Common Stock Shares Outstanding	0.73	0.87	0.61	0.39	0.71	-0.87	-0.17	0.39		0.62	0.79	0.65	0.74	0.61	0.7	0.68	0.14	0.46	0.06	0.95	0.7	0.71	0.63	0.76	0.95	0.68
Non Current Liabilities Total	0.98	0.79	0.99	0.48	0.98	-0.44	0.43	0.48	0.62		0.91	1.0	0.96	1.0	0.97	0.98	-0.43	0.82	-0.46	0.62	0.98	0.81	0.93	0.89	0.66	0.92
Other Stockholder Equity	0.96	0.87	0.91	0.39	0.93	-0.58	0.36	0.39	0.79	0.91		0.93	0.97	0.91	0.92	0.95	-0.31	0.82	-0.36	0.76	0.96	0.9	0.93	0.85	0.8	0.95
Total Liab	0.99	0.81	0.99	0.48	0.98	-0.47	0.42	0.48	0.65	1.0	0.93		0.98	1.0	0.98	0.99	-0.43	0.84	-0.46	0.65	0.99	0.83	0.94	0.89	0.69	0.94
Total Current Assets	0.98	0.84	0.96	0.47	0.95	-0.55	0.42	0.47	0.74	0.96	0.97	0.98		0.97	0.95	0.99	-0.44	0.88	-0.48	0.7	0.99	0.84	0.94	0.86	0.76	0.98
Short Long Term Debt Total	0.98	0.77	0.99	0.48	0.97	-0.43	0.47	0.48	0.61	1.0	0.91	1.0	0.97		0.96	0.98	-0.47	0.85	-0.5	0.6	0.98	0.79	0.94	0.87	0.65	0.93
Other Current Liab	0.98	0.86	0.95	0.46	0.99	-0.5	0.3	0.46	0.7	0.97	0.92	0.98	0.95	0.96		0.98	-0.33	0.75	-0.34	0.72	0.98	0.89	0.9	0.93	0.7	0.92
Total Current Liabilities	0.99	0.83	0.98	0.47	0.98	-0.48	0.42	0.47	0.68	0.98	0.95	0.99	0.99	0.98	0.98		-0.45	0.85	-0.46	0.66	1.0	0.86	0.94	0.89	0.7	0.96
Other Liab	-0.37	-0.11	-0.44	-0.33	-0.31	-0.26	-0.73	-0.33	0.14	-0.43	-0.31	-0.43	-0.44	-0.47	-0.33	-0.45		-0.7	0.9	0.23	-0.42	-0.09	-0.37	-0.18	0.08	-0.49
Property Plant And Equipment Net	0.81	0.56	0.86	0.36	0.75	-0.33	0.72	0.36	0.46	0.82	0.82	0.84	0.88	0.85	0.75	0.85	-0.7		-0.76	0.35	0.86	0.61	0.87	0.58	0.53	0.91
Current Deferred Revenue	-0.39	-0.11	-0.47	-0.36	-0.32	-0.18	-0.76	-0.36	0.06	-0.46	-0.36	-0.46	-0.48	-0.5	-0.34	-0.46	0.9	-0.76		0.22	-0.46	-0.14	-0.44	-0.17	-0.02	-0.52
Retained Earnings	0.73	0.92	0.6	0.32	0.74	-0.78	-0.19	0.32	0.95	0.62	0.76	0.65	0.7	0.6	0.72	0.66	0.23	0.35	0.22		0.68	0.74	0.59	0.83	0.92	0.64
Accounts Payable	0.99	0.83	0.98	0.47	0.97	-0.51	0.41	0.47	0.7	0.98	0.96	0.99	0.99	0.98	0.98	1.0	-0.42	0.86	-0.46	0.68		0.86	0.95	0.88	0.73	0.96
Long Term Debt	0.86	0.8	0.81	0.23	0.86	-0.51	0.25	0.23	0.71	0.81	0.9	0.83	0.84	0.79	0.89	0.86	-0.09	0.61	-0.14	0.74	0.86		0.85	0.8	0.71	0.81
Net Receivables	0.93	0.69	0.96	0.28	0.9	-0.49	0.5	0.28	0.63	0.93	0.93	0.94	0.94	0.94	0.9	0.94	-0.37	0.87	-0.44	0.59	0.95	0.85		0.76	0.69	0.93
Good Will	0.92	0.95	0.86	0.51	0.94	-0.53	0.11	0.51	0.76	0.89	0.85	0.89	0.86	0.87	0.93	0.89	-0.18	0.58	-0.17	0.83	0.88	0.8	0.76		0.79	0.8
Common Stock Total Equity	0.75	0.87	0.66	0.34	0.72	-0.81	-0.03	0.34	0.95	0.66	0.8	0.69	0.76	0.65	0.7	0.7	0.08	0.53	-0.02	0.92	0.73	0.71	0.69	0.79		0.71
Inventory	0.95	0.81	0.95	0.31	0.91	-0.49	0.51	0.31	0.68	0.92	0.95	0.94	0.98	0.93	0.92	0.96	-0.49	0.91	-0.52	0.64	0.96	0.81	0.93	0.8	0.71

Click cells to compare fundamentals

Beacon Roofing Account Relationship Matchups

Beacon Roofing fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.4B	7.0B	5.5B	6.0B	6.2B	6.5B
Total Stockholder Equity	2.3B	2.2B	2.2B	2.3B	1.8B	1.0B
Net Debt	2.5B	2.6B	1.8B	2.4B	2.8B	3.0B
Cash	72.3M	624.6M	225.8M	67.7M	84M	92.7M
Non Current Assets Total	3.9B	4.0B	2.9B	3.2B	3.3B	3.5B
Non Currrent Assets Other	2.1M	2.1M	8.9M	7.5M	12.8M	19.0M
Cash And Short Term Investments	72.3M	624.6M	225.8M	67.7M	84M	92.7M
Common Stock Shares Outstanding	69.2M	68.4M	68.8M	71.2M	63.7M	56.2M
Liabilities And Stockholders Equity	6.4B	7.0B	5.5B	6.0B	6.2B	6.5B
Non Current Liabilities Total	2.7B	3.2B	2.0B	2.3B	2.8B	3.0B
Other Stockholder Equity	1.1B	1.1B	1.1B	1.2B	1.2B	1.3B
Total Liab	4.1B	4.8B	3.3B	3.7B	4.4B	4.6B
Total Current Assets	2.5B	3.0B	2.6B	2.8B	2.9B	3.0B
Short Long Term Debt Total	2.6B	3.2B	2.1B	2.4B	2.9B	3.1B
Other Current Liab	599.2M	563.8M	472.1M	438.1M	498.6M	523.5M
Total Current Liabilities	1.4B	1.6B	1.4B	1.4B	1.6B	1.6B
Other Liab	110.3M	80.5M	700K	200K	230K	218.5K
Property Plant And Equipment Net	260.4M	687M	670.2M	804.6M	940M	987M
Retained Earnings	799.2M	694.3M	682.5M	728.8M	618.8M	436.5M
Accounts Payable	822.9M	954.6M	794.2M	821M	942.8M	989.9M
Long Term Debt	2.7B	1.6B	1.6B	1.9B	2.3B	2.4B
Net Receivables	1.1B	1.0B	855.2M	1.0B	1.5B	1.6B
Good Will	2.5B	2.5B	1.8B	1.9B	2.0B	1.0B
Inventory	1.0B	944.6M	1.2B	1.3B	1.2B	1.3B
Other Current Assets	315.6M	378.3M	367.2M	417.8M	72.8M	138.3M
Property Plant And Equipment Gross	687M	635.8M	670.2M	1.2B	1.4B	1.5B
Accumulated Other Comprehensive Income	(20.6M)	(34.7M)	(19.4M)	(12.5M)	(14.3M)	(15.0M)
Short Term Debt	18.7M	112.8M	105.4M	120.6M	125.9M	132.2M
Intangible Assets	1.1B	801.2M	421M	447.7M	403.5M	373.4M
Common Stock	681K	685K	700K	600K	690K	539.6K
Property Plant Equipment	260.4M	243.7M	236.6M	804.6M	925.3M	971.6M
Net Tangible Assets	(1.8B)	(1.1B)	(33.7M)	(459.9M)	(413.9M)	(434.6M)
Long Term Debt Total	2.6B	2.6B	2.7B	1.6B	1.9B	1.2B
Capital Surpluse	1.1B	1.1B	1.1B	1.1B	1.3B	807.4M

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

0.73	DNOW	Now Inc	Pair Corr
0.71	FERG	Ferguson Plc Sell-off Trend	Pair Corr

Moving against Beacon Stock

0.55	SMSMY	Sims Metal Management	Pair Corr
0.49	DIST	Distoken Acquisition	Pair Corr
0.46	BV	BrightView Holdings Fiscal Year End 21st of November 2024	Pair Corr
0.35	WCC-PA	WESCO International	Pair Corr

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 Correlation Correlation Matching

Additional Information and Resources on Investing in Beacon Stock

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:

How To Invest In Beacon

Details

Is Beacon Stock a good investment?

Details

What is Beacon Roofing's Net Worth?

Details

Largest Trading Companies & Distributors Companies

View

Largest Industrial Distribution Companies

View

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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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.

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Beacon Total Assets vs Other Stockholder Equity Analysis

Total Assets vs Other Stockholder Equity

Total Assets vs Other Stockholder Equity Correlation Analysis

Correlation Coefficient

Total Assets

Other Stockholder Equity

Beacon Roofing fundamental ratios Correlations

Beacon Roofing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Beacon Roofing fundamental ratios Accounts

Pair Trading with Beacon Roofing

Moving together with Beacon Stock

Moving against Beacon Stock

Additional Information and Resources on Investing in Beacon Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Short Long Term Debt Total	+ 1.0	Non Current Liabilities Total
Short Long Term Debt Total	+ 1.0	Total Liab
Accounts Payable	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 0.99	Total Assets

Common Stock Shares Outstanding	- 0.87	Non Currrent Assets Other
Common Stock Total Equity	- 0.81	Non Currrent Assets Other
Retained Earnings	- 0.78	Non Currrent Assets Other
Current Deferred Revenue	- 0.76	Property Plant And Equipment Net
Current Deferred Revenue	- 0.76	Other Assets
Other Liab	- 0.73	Other Assets