Jeffrey Chisholm - Toromont Industries Lead Independent Director
| TIH Stock | CAD 115.00 0.25 0.22% |
Director
Mr. Jeffrey S. Chisholm is an Independent Director of Toromont Industries Ltd. Mr. Chisholm is a business and finance consultant in the financial services industry. He is also the Chairman of the Board of Directors of Amex Bank of Canada . Mr. Chisholm retired from The Bank of Montreal in 2001 after a 30 year career of progressively senior positions including as Vice Chair of Electronic Financial Services as well as the Personal Commercial Client Group since 2018.
| Age | 70 |
| Tenure | 6 years |
| Address | 3131 Highway 7 West, Concord, ON, Canada, L4K 1B7 |
| Phone | 416 667 5511 |
| Web | https://www.toromont.com |
Toromont Industries Management Efficiency
The company has return on total asset (ROA) of 0.0912 % which means that it generated a profit of $0.0912 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.183 %, meaning that it generated $0.183 on every $100 dollars invested by stockholders. Toromont Industries' management efficiency ratios could be used to measure how well Toromont Industries manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Toromont Industries' Return On Capital Employed is very stable compared to the past year. As of the 29th of November 2024, Return On Equity is likely to grow to 0.22, while Return On Tangible Assets are likely to drop 0.08. At this time, Toromont Industries' Fixed Asset Turnover is very stable compared to the past year. As of the 29th of November 2024, Asset Turnover is likely to grow to 1.53, while Non Currrent Assets Other are likely to drop about 26.8 M.Similar Executives
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Management Performance
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.0912 |
Toromont Industries Leadership Team
Elected by the shareholders, the Toromont Industries' board of directors comprises two types of representatives: Toromont Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Toromont. The board's role is to monitor Toromont Industries' management team and ensure that shareholders' interests are well served. Toromont Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Toromont Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Robert Ogilvie, Non-Executive Independent Chairman of the Board | ||
| Wayne Hill, Independent Director | ||
| Sharon Hodgson, Independent Director | ||
| William Harvey, President Division | ||
| Lynn Korbak, General Counsel, Corporate Secretary | ||
| Jennifer Cochrane, Vice President - Finance | ||
| Michael McMillan, Chief Financial Officer, Executive Vice President | ||
| Scott Medhurst, President, Chief Executive Officer, Director | ||
| Michael CMA, President CEO | ||
| John Doolittle, Executive CFO | ||
| Randall Casson, President of Toromont Construction Division/Battlefield - The Cat Rental Store | ||
| Richard Roy, Independent Director | ||
| Paul Jewer, Executive Vice President, Chief Financial Officer | ||
| Isabelle Leclerc, Vice Resources | ||
| Katherine Rethy, Independent Director | ||
| Michael Cuddy, Vice President, Chief Information Officer | ||
| Colin Goheen, President Rentals | ||
| David Malinauskas, President - CIMCO Refrigeration | ||
| Miles Gregg, Senior Vice President Toromont Cat | ||
| Jeffrey Chisholm, Lead Independent Director | ||
| Cathryn Cranston, Independent Director | ||
| Peter Blake, Independent Director | ||
| Joel Couture, Chief Cat | ||
| James Gill, Independent Director |
Toromont Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Toromont Industries a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.0912 | ||||
| Profit Margin | 0.10 % | ||||
| Operating Margin | 0.13 % | ||||
| Current Valuation | 9.45 B | ||||
| Shares Outstanding | 81.94 M | ||||
| Shares Owned By Insiders | 0.27 % | ||||
| Shares Owned By Institutions | 50.98 % | ||||
| Number Of Shares Shorted | 576.95 K | ||||
| Price To Earning | 28.08 X |
Pair Trading with Toromont Industries
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 Toromont Industries 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 Toromont Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Toromont Stock
| 0.57 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.5 | WMT | Walmart Inc CDR | PairCorr |
| 0.43 | AMZN | Amazon CDR | PairCorr |
| 0.38 | GOOG | Alphabet CDR | PairCorr |
The ability to find closely correlated positions to Toromont Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Toromont Industries 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 Toromont Industries - 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 Toromont Industries to buy it.
The correlation of Toromont Industries 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 Toromont Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toromont Industries 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 Toromont Industries 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.Other Information on Investing in Toromont Stock
Toromont Industries financial ratios help investors to determine whether Toromont Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Toromont with respect to the benefits of owning Toromont Industries security.