Aurora Free Cash Flow Per Share vs Average Payables Analysis

ACB Stock  CAD 6.16  0.01  0.16%   
Aurora Cannabis financial indicator trend analysis is way more than just evaluating Aurora Cannabis prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurora Cannabis is a good investment. Please check the relationship between Aurora Cannabis Free Cash Flow Per Share and its Average Payables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.

Free Cash Flow Per Share vs Average Payables

Free Cash Flow Per Share vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurora Cannabis Free Cash Flow Per Share account and Average Payables. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Aurora Cannabis' Free Cash Flow Per Share and Average Payables is -0.09. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Average Payables in the same time period over historical financial statements of Aurora Cannabis, assuming nothing else is changed. The correlation between historical values of Aurora Cannabis' Free Cash Flow Per Share and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Per Share of Aurora Cannabis are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Free Cash Flow Per Share i.e., Aurora Cannabis' Free Cash Flow Per Share and Average Payables go up and down completely randomly.

Correlation Coefficient

-0.09
Relationship DirectionNegative 
Relationship StrengthInsignificant

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Most indicators from Aurora Cannabis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurora Cannabis 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 Aurora Cannabis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.At this time, Aurora Cannabis' Enterprise Value Over EBITDA is very stable compared to the past year. As of the 23rd of December 2024, Enterprise Value Multiple is likely to grow to 13.78, while Selling General Administrative is likely to drop about 66.4 M.

Aurora Cannabis fundamental ratios Correlations

0.340.891.00.78-0.150.650.450.99-0.30.630.920.0-0.410.970.720.880.970.720.820.830.540.550.950.660.55
0.340.390.32-0.13-0.27-0.360.520.270.530.60.530.42-0.140.40.570.060.360.280.410.340.320.390.270.160.15
0.890.390.860.69-0.380.670.510.85-0.390.650.940.12-0.330.950.780.870.920.740.670.970.680.710.920.70.52
1.00.320.860.8-0.10.640.41.0-0.290.590.9-0.04-0.390.960.680.860.960.690.830.80.50.50.930.630.52
0.78-0.130.690.80.230.7-0.140.85-0.50.040.6-0.4-0.080.690.210.710.840.340.730.720.160.130.70.280.1
-0.15-0.27-0.38-0.10.23-0.24-0.68-0.030.19-0.6-0.43-0.510.48-0.32-0.67-0.39-0.09-0.740.26-0.33-0.91-0.87-0.3-0.72-0.67
0.65-0.360.670.640.7-0.240.250.65-0.80.320.550.02-0.370.670.450.830.620.60.360.610.490.490.740.70.59
0.450.520.510.4-0.14-0.680.250.32-0.140.970.620.63-0.720.60.90.530.30.770.060.370.710.810.610.750.87
0.990.270.851.00.85-0.030.650.32-0.30.520.87-0.11-0.330.940.610.850.970.640.850.810.440.440.910.580.45
-0.30.53-0.39-0.29-0.50.19-0.8-0.14-0.3-0.12-0.27-0.020.45-0.35-0.22-0.64-0.27-0.430.09-0.38-0.31-0.32-0.5-0.41-0.44
0.630.60.650.590.04-0.60.320.970.52-0.120.750.58-0.670.750.950.630.50.80.30.510.710.80.730.780.86
0.920.530.940.90.6-0.430.550.620.87-0.270.750.2-0.470.960.880.860.90.830.660.880.740.780.920.750.62
0.00.420.12-0.04-0.4-0.510.020.63-0.11-0.020.580.2-0.480.150.550.02-0.050.31-0.12-0.060.390.470.140.360.54
-0.41-0.14-0.33-0.39-0.080.48-0.37-0.72-0.330.45-0.67-0.47-0.48-0.49-0.67-0.59-0.22-0.730.08-0.19-0.55-0.63-0.58-0.65-0.8
0.970.40.950.960.69-0.320.670.60.94-0.350.750.960.15-0.490.840.910.940.810.720.880.660.70.980.750.66
0.720.570.780.680.21-0.670.450.90.61-0.220.950.880.55-0.670.840.750.630.890.370.640.830.910.820.860.85
0.880.060.870.860.71-0.390.830.530.85-0.640.630.860.02-0.590.910.750.810.870.470.810.70.720.950.820.72
0.970.360.920.960.84-0.090.620.30.97-0.270.50.9-0.05-0.220.940.630.810.610.880.890.480.480.890.550.38
0.720.280.740.690.34-0.740.60.770.64-0.430.80.830.31-0.730.810.890.870.610.240.660.930.920.820.920.88
0.820.410.670.830.730.260.360.060.850.090.30.66-0.120.080.720.370.470.880.240.630.120.120.630.240.1
0.830.340.970.80.72-0.330.610.370.81-0.380.510.88-0.06-0.190.880.640.810.890.660.630.620.620.840.570.36
0.540.320.680.50.16-0.910.490.710.44-0.310.710.740.39-0.550.660.830.70.480.930.120.620.950.640.880.78
0.550.390.710.50.13-0.870.490.810.44-0.320.80.780.47-0.630.70.910.720.480.920.120.620.950.690.910.81
0.950.270.920.930.7-0.30.740.610.91-0.50.730.920.14-0.580.980.820.950.890.820.630.840.640.690.770.7
0.660.160.70.630.28-0.720.70.750.58-0.410.780.750.36-0.650.750.860.820.550.920.240.570.880.910.770.9
0.550.150.520.520.1-0.670.590.870.45-0.440.860.620.54-0.80.660.850.720.380.880.10.360.780.810.70.9
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Aurora Cannabis Account Relationship Matchups

Aurora Cannabis fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.8B2.6B1.1B926.3M838.7M978.8M
Other Current Liab(81.3M)40.0M79.5M44.4M21.0M10.8M
Total Current Liabilities272.8M116.4M145.2M237.7M124.6M88.5M
Total Stockholder Equity2.2B2.0B661.8M490.6M559.8M738.4M
Net Debt369.1M(21.9M)(168.3M)(73.3M)(8.6M)(8.2M)
Retained Earnings(3.6B)(4.3B)(6.0B)(6.3B)(6.4B)(6.0B)
Accounts Payable95.6M13.3M13.9M21.9M20.3M16.1M
Cash162.2M421.5M437.8M300.8M113.4M113.9M
Non Current Assets Total2.4B1.9B339.2M446.4M412.1M744.6M
Non Currrent Assets Other(2.3B)(42.5M)(305.4M)14.1M12.0M12.6M
Cash And Short Term Investments169.2M425.2M439.1M300.8M117.5M128.4M
Net Receivables54.1M56.5M47.1M41.3M45.4M23.2M
Common Stock Shares Outstanding9.7M16.9M214.9M32.3M43.2M24.8M
Liabilities And Stockholders Equity2.8B2.6B1.1B926.3M838.7M978.8M
Other Stockholder Equity(41.8M)(65.5M)(54.5M)(1.0)(0.9)(0.94)
Total Liab657.2M567.0M422.0M404.6M236.8M236.8M
Total Current Assets420.7M665.9M745.1M479.9M426.6M234.2M
Accumulated Other Comprehensive Income(41.8M)(65.5M)(54.5M)(58.3M)(43.7M)(41.5M)
Property Plant And Equipment Net946.4M606.1M233.5M323.0M294.3M225.4M
Other Current Assets22.1M11.2M6.5M8.9M9.4M8.2M
Property Plant And Equipment Gross946.4M1.1B709.4M562.0M646.3M678.6M
Short Term Investments7.1M3.8M1.3M0.04.0M3.8M
Short Term Debt152.6M40.9M33.0M147.6M57.2M59.1M
Common Stock5.8B6.4B6.8B6.8B7.0B3.6B
Short Long Term Debt Total531.2M399.6M269.5M227.5M104.8M99.6M
Net Tangible Assets506.6M792.0M774.7M588.0M676.2M415.8M
Current Deferred Revenue3.5M4.2M3.9M1.7M1.7M2.0M
Other Assets57.8M77.3M33.9M38.5M44.3M47.2M
Short Long Term Debt152.6M34.7M26.9M52.4M60.2M65.1M
Intangible Assets412.3M367.4M70.7M61.4M40.9M38.8M
Property Plant Equipment928.2M598.3M230.3M323.0M371.4M345.8M
Long Term Debt294.9M293.2M199.7M36.2M4.9M4.7M
Long Term Debt Total378.6M358.6M236.5M80.0M92.0M87.4M
Non Current Liabilities Total384.4M450.7M276.8M166.9M112.2M106.6M
Inventory157.3M137.7M139.9M128.8M186.4M107.2M
Long Term Investments118.8M18.1M289K1.2M1.1M1.0M
Other Liab280.3M5.8M92.0M40.3M36.3M65.7M
Good Will928.4M887.7M0.018.7M43.2M41.0M

Pair Trading with Aurora Cannabis

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 Aurora Cannabis 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 Aurora Cannabis will appreciate offsetting losses from the drop in the long position's value.

Moving against Aurora Stock

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The ability to find closely correlated positions to Aurora Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurora Cannabis 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 Aurora Cannabis - 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 Aurora Cannabis to buy it.
The correlation of Aurora Cannabis 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 Aurora Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Cannabis 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 Aurora Cannabis 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 CorrelationCorrelation Matching
When determining whether Aurora Cannabis offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aurora Cannabis' 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 Aurora Cannabis Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aurora Cannabis Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Cannabis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Cannabis guide.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Please note, there is a significant difference between Aurora Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aurora Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aurora Cannabis' 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.