Air Historical Financial Ratios
| AC Stock | CAD 24.96 0.14 0.56% |
Air Canada is presently reporting on over 98 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0, PTB Ratio of 7.9 or Days Sales Outstanding of 25.51 will help investors to properly organize and evaluate Air Canada financial condition quickly.
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About Air Financial Ratios Analysis
Air CanadaFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Air Canada investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Air financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Air Canada history.
Air Canada Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Air Canada stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Air Canada sales, a figure that is much harder to manipulate than other Air Canada multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Air Canada. There are two different methods for calculating Air Canada invested capital: operating approach and financing approach. Understanding Air Canada invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Price To Book Ratio
A ratio used to compare a firm's market value to its book value, calculated by dividing the current closing price of the stock by the latest quarter's book value per share.Most ratios from Air Canada's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Air Canada current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Air Canada. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, Air Canada's Days Of Inventory On Hand is very stable compared to the past year. As of the 1st of December 2024, Payables Turnover is likely to grow to 6.09, while Price To Sales Ratio is likely to drop 0.25.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 3.08 | 5.11 | 4.71 | 6.09 | Days Of Inventory On Hand | 10.19 | 8.44 | 7.84 | 8.62 |
Air Canada fundamentals Correlations
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Air Canada Account Relationship Matchups
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Air Canada fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.68 | 1.1 | 1.16 | 0.42 | 0.3 | 0.25 | |
| Ptb Ratio | 2.95 | 3.74 | 824.07 | (4.46) | 8.31 | 7.9 | |
| Days Sales Outstanding | 17.67 | 40.3 | 39.41 | 22.86 | 18.74 | 25.51 | |
| Book Value Per Share | 16.42 | 6.08 | 0.0256 | (4.34) | 2.22 | 2.04 | |
| Free Cash Flow Yield | 0.28 | (0.55) | (0.36) | 0.11 | 0.42 | 0.44 | |
| Operating Cash Flow Per Share | 21.31 | (8.34) | (4.45) | 6.61 | 12.07 | 12.67 | |
| Capex To Depreciation | 1.02 | 0.65 | 0.66 | 0.96 | 0.92 | 0.57 | |
| Pb Ratio | 2.95 | 3.74 | 824.07 | (4.46) | 8.31 | 7.9 | |
| Ev To Sales | 0.72 | 1.05 | 2.7 | 3.08 | 1.24 | 0.81 | |
| Free Cash Flow Per Share | 13.76 | (12.61) | (7.51) | 2.22 | 7.7 | 8.08 | |
| Roic | 0.13 | (0.33) | (0.2) | (0.017) | 0.2 | 0.19 | |
| Inventory Turnover | 68.58 | 49.07 | 35.8 | 43.26 | 46.54 | 40.2 | |
| Net Income Per Share | 5.51 | (16.48) | (10.26) | (4.75) | 6.36 | 6.68 | |
| Days Of Inventory On Hand | 5.32 | 7.44 | 10.19 | 8.44 | 7.84 | 8.62 | |
| Payables Turnover | 5.92 | 3.3 | 3.08 | 5.11 | 4.71 | 6.09 | |
| Sales General And Administrative To Revenue | 0.0208 | 0.0638 | 0.0566 | 0.0283 | 0.0254 | 0.0241 | |
| Research And Ddevelopement To Revenue | 0.003973 | 0.0185 | 0.0131 | 0.006403 | 0.005762 | 0.004241 | |
| Cash Per Share | 17.31 | 21.97 | 26.6 | 25.08 | 22.31 | 23.89 | |
| Pocfratio | 2.28 | (2.73) | (4.75) | 2.93 | 1.53 | 1.61 | |
| Interest Coverage | 3.44 | (5.98) | (4.17) | (0.21) | 2.45 | 2.57 | |
| Capex To Operating Cash Flow | 0.35 | (0.51) | (0.69) | 0.66 | 0.36 | 0.51 | |
| Pfcf Ratio | 3.53 | (1.81) | (2.81) | 8.72 | 2.4 | 2.52 | |
| Days Payables Outstanding | 61.66 | 110.45 | 118.47 | 71.4 | 77.45 | 56.86 | |
| Income Quality | 3.87 | 0.51 | 0.43 | (1.39) | 1.9 | 1.8 | |
| Roe | 0.34 | (2.71) | (400.22) | 1.09 | 2.86 | 3.0 | |
| Ev To Operating Cash Flow | 3.53 | (6.69) | (12.6) | 8.68 | 4.09 | 4.29 | |
| Pe Ratio | 8.81 | (1.38) | (2.06) | (4.08) | 2.91 | 2.76 | |
| Return On Tangible Assets | 0.0629 | (0.19) | (0.14) | (0.0675) | 0.0881 | 0.0925 | |
| Ev To Free Cash Flow | 5.47 | (4.43) | (7.47) | 25.82 | 6.41 | 6.73 | |
| Earnings Yield | 0.11 | (0.72) | (0.49) | (0.24) | 0.34 | 0.36 | |
| Net Debt To E B I T D A | 1.69 | (3.91) | (7.45) | 13.56 | 2.28 | 2.4 | |
| Current Ratio | 1.05 | 1.24 | 0.97 | 1.21 | 1.45 | 0.79 | |
| Tangible Book Value Per Share | 0.47 | (9.55) | (12.38) | (16.43) | (9.95) | (9.45) | |
| Receivables Turnover | 20.66 | 9.06 | 9.26 | 15.97 | 19.48 | 13.38 | |
| Graham Number | 45.11 | 47.49 | 2.43 | 21.54 | 17.83 | 30.24 | |
| Shareholders Equity Per Share | 16.42 | 6.08 | 0.0256 | (4.34) | 2.22 | 1.42 | |
| Debt To Equity | 1.31 | 5.48 | 1.5K | (8.89) | 13.59 | 12.91 |
Pair Trading with Air Canada
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 Air Canada 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 Air Canada will appreciate offsetting losses from the drop in the long position's value.Moving together with Air Stock
The ability to find closely correlated positions to Air Canada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Canada 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 Air Canada - 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 Air Canada to buy it.
The correlation of Air Canada 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 Air Canada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Canada 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 Air Canada 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 Air Stock
Air CanadaFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Air Canada investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Air financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Air Canada history.