Cargojet Retained Earnings vs Total Stockholder Equity Analysis

CJT Stock  CAD 118.00  2.90  2.40%   
Cargojet financial indicator trend analysis is way more than just evaluating Cargojet prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cargojet is a good investment. Please check the relationship between Cargojet Retained Earnings and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. 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.

Retained Earnings vs Total Stockholder Equity

Retained Earnings vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cargojet Retained Earnings account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Cargojet's Retained Earnings and Total Stockholder Equity is 0.82. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Cargojet, assuming nothing else is changed. The correlation between historical values of Cargojet's Retained Earnings and Total 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 Retained Earnings of Cargojet are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Retained Earnings i.e., Cargojet's Retained Earnings and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Cargojet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cargojet 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 Cargojet. 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, Cargojet's Tax Provision is very stable compared to the past year. As of the 3rd of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.12, while Selling General Administrative is likely to drop about 41.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit230.9M247.5M136.1M93.9M
Total Revenue757.8M979.9M877.5M921.4M

Cargojet fundamental ratios Correlations

0.910.70.920.941.00.830.660.930.31.00.30.960.820.960.860.980.810.770.970.990.9-0.250.960.010.34
0.910.50.920.750.920.980.470.840.030.920.030.890.720.90.780.960.70.690.960.860.77-0.320.780.220.56
0.70.50.640.750.70.340.570.570.650.720.650.570.470.630.70.610.690.370.620.720.51-0.080.750.030.17
0.920.920.640.770.920.840.440.880.270.920.270.850.780.940.780.950.650.780.960.870.81-0.270.810.130.61
0.940.750.750.770.930.640.820.880.410.930.410.940.790.850.790.850.810.720.840.980.9-0.180.98-0.120.04
1.00.920.70.920.930.850.640.90.271.00.270.960.790.960.880.980.820.730.980.980.88-0.270.950.040.38
0.830.980.340.840.640.850.40.76-0.190.84-0.190.840.630.820.720.910.640.610.90.770.68-0.330.670.250.58
0.660.470.570.440.820.640.40.730.260.650.260.760.670.480.410.520.570.610.510.750.68-0.030.7-0.23-0.39
0.930.840.570.880.880.90.760.730.310.910.310.940.930.860.640.890.620.940.890.940.96-0.20.86-0.050.19
0.30.030.650.270.410.27-0.190.260.310.281.00.190.350.320.220.180.220.320.20.330.380.040.43-0.13-0.12
1.00.920.720.920.931.00.840.650.910.280.280.950.790.960.880.980.830.730.980.980.88-0.250.960.020.37
0.30.030.650.270.410.27-0.190.260.311.00.280.190.350.320.220.180.220.320.20.330.380.040.43-0.13-0.12
0.960.890.570.850.940.960.840.760.940.190.950.190.840.890.760.920.740.810.920.970.94-0.260.920.00.2
0.820.720.470.780.790.790.630.670.930.350.790.350.840.780.580.780.60.920.780.830.9-0.160.76-0.070.11
0.960.90.630.940.850.960.820.480.860.320.960.320.890.780.850.960.780.730.970.920.86-0.260.91-0.020.5
0.860.780.70.780.790.880.720.410.640.220.880.220.760.580.850.860.90.410.850.830.64-0.20.860.110.48
0.980.960.610.950.850.980.910.520.890.180.980.180.920.780.960.860.770.741.00.940.85-0.290.890.090.5
0.810.70.690.650.810.820.640.570.620.220.830.220.740.60.780.90.770.370.760.80.59-0.050.82-0.130.22
0.770.690.370.780.720.730.610.610.940.320.730.320.810.920.730.410.740.370.750.780.91-0.140.69-0.10.14
0.970.960.620.960.840.980.90.510.890.20.980.20.920.780.970.851.00.760.750.930.85-0.290.880.090.52
0.990.860.720.870.980.980.770.750.940.330.980.330.970.830.920.830.940.80.780.930.92-0.230.97-0.020.22
0.90.770.510.810.90.880.680.680.960.380.880.380.940.90.860.640.850.590.910.850.92-0.20.9-0.060.13
-0.25-0.32-0.08-0.27-0.18-0.27-0.33-0.03-0.20.04-0.250.04-0.26-0.16-0.26-0.2-0.29-0.05-0.14-0.29-0.23-0.2-0.21-0.23-0.25
0.960.780.750.810.980.950.670.70.860.430.960.430.920.760.910.860.890.820.690.880.970.9-0.21-0.080.18
0.010.220.030.13-0.120.040.25-0.23-0.05-0.130.02-0.130.0-0.07-0.020.110.09-0.13-0.10.09-0.02-0.06-0.23-0.080.37
0.340.560.170.610.040.380.58-0.390.19-0.120.37-0.120.20.110.50.480.50.220.140.520.220.13-0.250.180.37
Click cells to compare fundamentals

Cargojet Account Relationship Matchups

Cargojet fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B1.2B1.5B2.0B2.0B2.1B
Short Long Term Debt Total633.8M572.8M398.6M707M799.2M839.2M
Other Current Liab9.6M13.5M16.1M38.3M16.4M17.2M
Total Current Liabilities114.5M180.6M98.2M150.5M186.3M195.6M
Total Stockholder Equity276.2M175.2M676.4M831.5M784.5M823.7M
Property Plant And Equipment Net890.2M998.7M1.2B1.6B1.6B1.6B
Net Debt632.2M569.1M303.9M700.9M767.4M805.8M
Retained Earnings(37.5M)(140.2M)7.8M166.8M160.8M168.8M
Accounts Payable45.6M63.3M60.1M80.8M147M154.4M
Cash1.6M3.7M94.7M6.1M31.8M33.4M
Non Current Assets Total1.0B1.1B1.3B1.9B1.8B1.8B
Cash And Short Term Investments1.6M3.7M94.7M6.1M31.8M33.4M
Net Receivables51.4M41.4M75.3M95.7M119.2M125.2M
Common Stock Total Equity174.4M177.9M298.2M300M345M362.3M
Common Stock Shares Outstanding13.6M15.6M17.6M20.3M17.2M12.3M
Liabilities And Stockholders Equity1.1B1.2B1.5B2.0B2.0B2.1B
Non Current Liabilities Total707.6M868.1M715.2M1.0B1.1B1.1B
Inventory2.3M1.5M2.2M3.3M2.6M1.5M
Other Current Assets15.2M49.6M27.9M11M124.5M130.7M
Total Liab822.1M1.0B813.4M1.2B1.3B1.3B
Property Plant And Equipment Gross890.2M998.7M1.7B2.3B2.4B2.5B
Total Current Assets70.5M96.2M200.1M116.1M278.1M292.0M
Common Stock298.2M300M655.2M650.9M609.8M640.3M
Short Term Debt59.3M103.8M22M31.4M22.9M26.8M
Other Stockholder Equity2.4M2.3M300K700K800K760K
Other Liab133.1M399.1M338.6M328.7M378.0M396.9M
Net Tangible Assets225.9M124.9M626.1M781.2M898.4M943.3M
Other Assets10.6M87.3M78.7M70.1M1.00.95
Long Term Debt437.5M377.8M307.2M618M680.1M357.1M
Property Plant Equipment890.2M998.7M1.2B1.6B1.9B2.0B
Long Term Debt Total574.5M469M376.6M675.6M776.9M502.7M
Capital Lease Obligations196.3M195M91.4M89M119.1M118.2M
Net Invested Capital713.7M553M983.6M1.4B1.5B961.9M

Pair Trading with Cargojet

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

Moving against Cargojet Stock

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The ability to find closely correlated positions to Cargojet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cargojet 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 Cargojet - 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 Cargojet to buy it.
The correlation of Cargojet 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 Cargojet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cargojet 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 Cargojet 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

Other Information on Investing in Cargojet Stock

Balance Sheet is a snapshot of the financial position of Cargojet at a specified time, usually calculated after every quarter, six months, or one year. Cargojet Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cargojet 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 Cargojet currently owns. An asset can also be divided into two categories, current and non-current.