Autocanada Inventory vs Other Current Assets Analysis

ACQ Stock

CAD 17.43 0.51 2.84%

Autocanada financial indicator trend analysis is way more than just evaluating Autocanada prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Autocanada is a good investment. Please check the relationship between Autocanada Inventory and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Autocanada. 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.

Inventory vs Other Current Assets

Inventory vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Autocanada Inventory account and Other Current Assets. At this time, the significance of the direction appears to have very week relationship.

The correlation between Autocanada's Inventory and Other Current Assets is 0.21. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Autocanada, assuming nothing else is changed. The correlation between historical values of Autocanada's Inventory and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Autocanada are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Inventory i.e., Autocanada's Inventory and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.21

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Inventory

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Autocanada's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Autocanada 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 Autocanada. 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.

At this time, Autocanada's Selling General Administrative is very stable compared to the past year. As of the 2nd of March 2025, Issuance Of Capital Stock is likely to grow to about 30.6 M, while Tax Provision is likely to drop about 21.3 M.

	2022	2023	2024	2025 (projected)
Interest Expense	92.8M	147.2M	169.3M	177.7M
Depreciation And Amortization	52.0M	59.0M	67.9M	71.2M

Interest Expense Depreciation And Amortization

Autocanada fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.99	0.54	1.0	0.76	0.98	0.99	0.7	0.66	0.99	0.03	0.66	0.97	0.79	0.76	0.73	0.98	0.99	0.18	-0.77	1.0	0.98	0.99	0.99	0.99	0.68
Short Long Term Debt Total	0.99		0.51	0.99	0.7	0.99	1.0	0.69	0.64	0.99	-0.04	0.64	0.98	0.78	0.73	0.7	0.99	0.99	0.12	-0.78	1.0	0.98	0.98	0.99	0.98	0.64
Other Current Liab	0.54	0.51		0.51	0.58	0.56	0.5	0.55	0.56	0.56	0.15	0.56	0.45	0.61	0.37	0.55	0.55	0.47	0.38	-0.6	0.53	0.57	0.5	0.44	0.53	0.26
Total Current Liabilities	1.0	0.99	0.51		0.73	0.97	0.99	0.67	0.63	0.98	-0.01	0.63	0.97	0.77	0.76	0.72	0.98	1.0	0.2	-0.74	0.99	0.97	1.0	1.0	0.98	0.68
Total Stockholder Equity	0.76	0.7	0.58	0.73		0.7	0.7	0.43	0.73	0.74	0.42	0.73	0.64	0.53	0.9	0.81	0.68	0.75	0.42	-0.45	0.71	0.68	0.76	0.72	0.79	0.83
Property Plant And Equipment Net	0.98	0.99	0.56	0.97	0.7		0.98	0.69	0.71	0.99	0.01	0.71	0.95	0.75	0.71	0.72	0.99	0.96	0.09	-0.78	0.99	1.0	0.96	0.96	0.96	0.63
Net Debt	0.99	1.0	0.5	0.99	0.7	0.98		0.69	0.63	0.99	-0.05	0.63	0.98	0.78	0.72	0.69	0.99	0.99	0.12	-0.78	1.0	0.98	0.98	0.99	0.98	0.63
Retained Earnings	0.7	0.69	0.55	0.67	0.43	0.69	0.69		0.37	0.72	-0.22	0.37	0.76	0.85	0.19	0.18	0.74	0.66	0.09	-0.88	0.71	0.73	0.67	0.63	0.69	0.05
Cash	0.66	0.64	0.56	0.63	0.73	0.71	0.63	0.37		0.68	0.49	1.0	0.53	0.3	0.72	0.68	0.65	0.61	0.13	-0.48	0.65	0.69	0.62	0.62	0.67	0.63
Non Current Assets Total	0.99	0.99	0.56	0.98	0.74	0.99	0.99	0.72	0.68		0.03	0.68	0.96	0.8	0.74	0.73	0.99	0.97	0.11	-0.79	0.99	0.99	0.97	0.97	0.99	0.65
Non Currrent Assets Other	0.03	-0.04	0.15	-0.01	0.42	0.01	-0.05	-0.22	0.49	0.03		0.49	-0.15	-0.26	0.48	0.47	-0.05	0.01	0.24	0.15	-0.03	-0.02	0.02	-0.01	0.11	0.53
Cash And Short Term Investments	0.66	0.64	0.56	0.63	0.73	0.71	0.63	0.37	1.0	0.68	0.49		0.53	0.3	0.72	0.68	0.65	0.61	0.13	-0.48	0.65	0.69	0.62	0.62	0.67	0.63
Net Receivables	0.97	0.98	0.45	0.97	0.64	0.95	0.98	0.76	0.53	0.96	-0.15	0.53		0.84	0.63	0.58	0.98	0.97	0.06	-0.83	0.98	0.95	0.96	0.97	0.95	0.53
Good Will	0.79	0.78	0.61	0.77	0.53	0.75	0.78	0.85	0.3	0.8	-0.26	0.3	0.84		0.35	0.38	0.8	0.77	0.04	-0.79	0.79	0.78	0.77	0.73	0.79	0.24
Common Stock Total Equity	0.76	0.73	0.37	0.76	0.9	0.71	0.72	0.19	0.72	0.74	0.48	0.72	0.63	0.35		0.9	0.68	0.78	0.34	-0.32	0.72	0.68	0.78	0.78	0.79	0.98
Common Stock Shares Outstanding	0.73	0.7	0.55	0.72	0.81	0.72	0.69	0.18	0.68	0.73	0.47	0.68	0.58	0.38	0.9		0.67	0.72	0.29	-0.35	0.7	0.68	0.72	0.71	0.75	0.89
Non Current Liabilities Total	0.98	0.99	0.55	0.98	0.68	0.99	0.99	0.74	0.65	0.99	-0.05	0.65	0.98	0.8	0.68	0.67		0.96	0.06	-0.83	0.99	1.0	0.96	0.97	0.97	0.58
Inventory	0.99	0.99	0.47	1.0	0.75	0.96	0.99	0.66	0.61	0.97	0.01	0.61	0.97	0.77	0.78	0.72	0.96		0.21	-0.72	0.99	0.95	1.0	1.0	0.98	0.71
Other Current Assets	0.18	0.12	0.38	0.2	0.42	0.09	0.12	0.09	0.13	0.11	0.24	0.13	0.06	0.04	0.34	0.29	0.06	0.21		0.07	0.14	0.07	0.25	0.18	0.15	0.36
Other Stockholder Equity	-0.77	-0.78	-0.6	-0.74	-0.45	-0.78	-0.78	-0.88	-0.48	-0.79	0.15	-0.48	-0.83	-0.79	-0.32	-0.35	-0.83	-0.72	0.07		-0.79	-0.81	-0.73	-0.72	-0.75	-0.16
Total Liab	1.0	1.0	0.53	0.99	0.71	0.99	1.0	0.71	0.65	0.99	-0.03	0.65	0.98	0.79	0.72	0.7	0.99	0.99	0.14	-0.79		0.99	0.99	0.99	0.98	0.64
Property Plant And Equipment Gross	0.98	0.98	0.57	0.97	0.68	1.0	0.98	0.73	0.69	0.99	-0.02	0.69	0.95	0.78	0.68	0.68	1.0	0.95	0.07	-0.81	0.99		0.95	0.95	0.96	0.58
Total Current Assets	0.99	0.98	0.5	1.0	0.76	0.96	0.98	0.67	0.62	0.97	0.02	0.62	0.96	0.77	0.78	0.72	0.96	1.0	0.25	-0.73	0.99	0.95		0.99	0.98	0.7
Short Term Debt	0.99	0.99	0.44	1.0	0.72	0.96	0.99	0.63	0.62	0.97	-0.01	0.62	0.97	0.73	0.78	0.71	0.97	1.0	0.18	-0.72	0.99	0.95	0.99		0.97	0.7
Intangible Assets	0.99	0.98	0.53	0.98	0.79	0.96	0.98	0.69	0.67	0.99	0.11	0.67	0.95	0.79	0.79	0.75	0.97	0.98	0.15	-0.75	0.98	0.96	0.98	0.97		0.71
Common Stock	0.68	0.64	0.26	0.68	0.83	0.63	0.63	0.05	0.63	0.65	0.53	0.63	0.53	0.24	0.98	0.89	0.58	0.71	0.36	-0.16	0.64	0.58	0.7	0.7	0.71

Click cells to compare fundamentals

Autocanada Account Relationship Matchups

Autocanada fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.9B	2.3B	2.9B	3.2B	3.6B	3.8B
Short Long Term Debt Total	1.3B	1.4B	2.0B	2.2B	2.6B	2.7B
Other Current Liab	91.0M	125.3M	186.7M	124.3M	143.0M	76.3M
Total Current Liabilities	942.9M	953.4M	1.3B	1.5B	1.7B	1.8B
Total Stockholder Equity	341.9M	493.4M	457.9M	534.8M	615.1M	330.5M
Property Plant And Equipment Net	512.4M	619.1M	742.0M	783.4M	900.9M	945.9M
Net Debt	1.2B	1.3B	1.9B	2.1B	2.5B	2.6B
Retained Earnings	(160.6M)	3.1M	89.4M	139.9M	160.9M	168.9M
Cash	107.7M	102.5M	108.3M	103.1M	118.6M	65.8M
Non Current Assets Total	964.9M	1.3B	1.5B	1.6B	1.9B	2.0B
Non Currrent Assets Other	14.3M	17.2M	22.3M	2.2M	2.5M	2.4M
Cash And Short Term Investments	107.7M	102.5M	108.3M	103.1M	118.6M	65.8M
Net Receivables	118.7M	133.0M	217.9M	244.4M	281.0M	295.1M
Good Will	25.7M	51.0M	78.1M	98.3M	113.0M	118.7M
Common Stock Shares Outstanding	27.4M	27.3M	29.3M	24.5M	28.1M	26.2M
Liabilities And Stockholders Equity	1.9B	2.3B	2.9B	3.2B	3.6B	3.8B
Non Current Liabilities Total	594.7M	785.8M	1.1B	1.1B	1.3B	1.3B
Inventory	699.2M	737.3M	979.5M	1.2B	1.3B	1.4B
Other Current Assets	29K	9.5M	44K	37.9M	43.6M	22.4M
Other Stockholder Equity	10.0M	(9.3M)	(65.4M)	(47.7M)	(43.0M)	(40.8M)
Total Liab	1.5B	1.7B	2.4B	2.6B	3.0B	3.1B
Property Plant And Equipment Gross	512.4M	706.3M	846.7M	897.3M	1.0B	1.1B
Total Current Assets	935.5M	982.3M	1.3B	1.5B	1.8B	1.9B
Short Term Debt	786.1M	734.2M	1.0B	1.2B	1.4B	1.5B
Intangible Assets	399.6M	548.2M	659.3M	682.1M	784.5M	823.7M
Common Stock	508.1M	510.8M	433.7M	434.6M	499.8M	456.6M
Accounts Payable	65.8M	94.0M	89.8M	75.1M	86.3M	51.1M
Accumulated Other Comprehensive Income	(15.7M)	(11.3M)	213K	8.0M	7.2M	7.6M
Current Deferred Revenue	28.7M	50.2M	76.7M	98.8M	113.7M	119.4M
Other Liab	30.1M	11.5M	64.4M	60.9M	70.0M	50.4M
Net Tangible Assets	(80.8M)	(83.5M)	(105.8M)	(279.4M)	(251.5M)	(238.9M)
Other Assets	18.1M	27.1M	58.1M	62.3M	71.7M	75.3M
Long Term Debt	197.2M	286.6M	554.4M	562.2M	646.5M	338.7M
Short Long Term Debt	762.0M	708.6M	993.0M	1.2B	1.4B	681.8M
Property Plant Equipment	500.9M	512.4M	619.1M	742.0M	853.3M	431.3M
Long Term Debt Total	572.6M	561.5M	713.8M	1.0B	1.2B	1.2B
Capital Surpluse	6.5M	10.0M	(6.8M)	(64.7M)	(58.3M)	(55.4M)

Pair Trading with Autocanada

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

The ability to find closely correlated positions to Autocanada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autocanada 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 Autocanada - 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 Autocanada to buy it.

The correlation of Autocanada 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 Autocanada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Autocanada 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 Autocanada 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

Other Information on Investing in Autocanada Stock

Balance Sheet is a snapshot of the financial position of Autocanada at a specified time, usually calculated after every quarter, six months, or one year. Autocanada Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Autocanada and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Autocanada currently owns. An asset can also be divided into two categories, current and non-current.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Autocanada Inventory vs Other Current Assets Analysis

Inventory vs Other Current Assets

Inventory vs Other Current Assets Correlation Analysis

Correlation Coefficient

Inventory

Other Current Assets

Autocanada fundamental ratios Correlations

Autocanada Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Autocanada fundamental ratios Accounts

Pair Trading with Autocanada

Other Information on Investing in Autocanada Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Inventory	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities

Other Stockholder Equity	- 0.88	Retained Earnings
Other Stockholder Equity	- 0.83	Non Current Liabilities Total
Other Stockholder Equity	- 0.83	Net Receivables
Property Plant And Equipment Gross	- 0.81	Other Stockholder Equity
Total Liab	- 0.79	Other Stockholder Equity
Other Stockholder Equity	- 0.79	Good Will