Dorel Historical Financial Ratios
| DII-B Stock | CAD 4.43 0.08 1.84% |
Dorel Industries is recently reporting on over 94 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 PTB Ratio of 1.24 or Days Sales Outstanding of 64.45 will help investors to properly organize and evaluate Dorel Industries financial condition quickly.
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About Dorel Financial Ratios Analysis
Dorel IndustriesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Dorel Industries 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 Dorel financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Dorel Industries history.
Dorel Industries Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Dorel Industries stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Dorel Industries sales, a figure that is much harder to manipulate than other Dorel Industries 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.Dividend Yield
Dividend Yield is Dorel Industries dividend as a percentage of Dorel Industries stock price. Dorel Industries dividend yield is a measure of Dorel Industries stock productivity, which can be interpreted as interest rate earned on an Dorel Industries investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Most ratios from Dorel Industries' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Dorel Industries 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, Dorel Industries' Inventory Turnover is comparatively stable compared to the past year. Payables Turnover is likely to gain to 6.36 in 2024, whereas Operating Cash Flow Per Share is likely to drop 1.92 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 4.93 | 5.44 | 3.98 | 6.36 | Days Of Inventory On Hand | 90.9 | 112.68 | 115.77 | 76.55 |
Dorel Industries fundamentals Correlations
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Dorel Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dorel Industries fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.0567 | 0.14 | 0.3 | 0.0795 | 0.11 | 0.1 | |
| Dividend Yield | 0.0928 | 0.0978 | 0.0383 | 3.13 | 2.82 | 2.96 | |
| Ptb Ratio | 0.28 | 0.77 | 1.12 | 0.44 | 0.68 | 1.24 | |
| Days Sales Outstanding | 55.27 | 58.92 | 53.65 | 44.87 | 52.49 | 64.45 | |
| Book Value Per Share | 16.46 | 15.27 | 14.43 | 8.64 | 6.91 | 6.56 | |
| Free Cash Flow Yield | 0.32 | 0.26 | (0.0312) | (1.29) | 0.35 | 0.37 | |
| Operating Cash Flow Per Share | 2.64 | 4.14 | 0.61 | (4.09) | 2.36 | 1.92 | |
| Stock Based Compensation To Revenue | 1.26E-4 | 4.9E-5 | 2.8E-5 | 2.84E-4 | 3.27E-4 | 3.1E-4 | |
| Capex To Depreciation | 1.08 | 0.4 | 0.34 | 0.43 | 0.39 | 0.5 | |
| Pb Ratio | 0.28 | 0.77 | 1.12 | 0.44 | 0.68 | 1.24 | |
| Ev To Sales | 0.49 | 0.33 | 0.3 | 0.35 | 0.38 | 0.68 | |
| Free Cash Flow Per Share | 1.47 | 3.1 | (0.51) | (4.94) | 1.64 | 1.19 | |
| Roic | (0.37) | (0.98) | 1.51E-4 | (0.15) | (0.0905) | (0.0859) | |
| Inventory Turnover | 3.24 | 3.31 | 4.1 | 4.02 | 3.15 | 4.28 | |
| Days Of Inventory On Hand | 110.17 | 88.93 | 90.9 | 112.68 | 115.77 | 76.55 | |
| Payables Turnover | 4.69 | 5.47 | 4.93 | 5.44 | 3.98 | 6.36 | |
| Sales General And Administrative To Revenue | 0.0714 | 0.0779 | 0.0795 | 0.0903 | 0.1 | 0.0653 | |
| Research And Ddevelopement To Revenue | 0.0151 | 0.0146 | 0.0164 | 0.017 | 0.0177 | 0.0186 | |
| Capex To Revenue | 0.0208 | 0.0144 | 0.0122 | 0.0176 | 0.017 | 0.0126 | |
| Pocfratio | 1.74 | 2.83 | 26.57 | (0.94) | 1.99 | 1.89 | |
| Interest Coverage | 1.81 | 2.7 | 0.00174 | (3.99) | (2.11) | (2.01) | |
| Payout Ratio | (0.0876) | (1.4) | (0.34) | (3.29) | (3.78) | (3.59) | |
| Capex To Operating Cash Flow | 0.44 | 0.25 | 1.83 | (0.21) | 0.31 | 0.32 | |
| Pfcf Ratio | 3.13 | 3.78 | (32.01) | (0.78) | 2.87 | 3.02 | |
| Days Payables Outstanding | 77.84 | 66.71 | 73.97 | 67.12 | 91.69 | 54.4 | |
| Income Quality | (8.21) | (3.1) | (0.63) | (0.98) | (1.23) | (1.17) | |
| Roe | (0.0196) | (0.0875) | (0.24) | (0.42) | (0.28) | (0.26) | |
| Ev To Operating Cash Flow | 9.33 | 7.1 | 51.4 | (3.94) | 6.79 | 6.45 | |
| Pe Ratio | (14.28) | (8.77) | (4.71) | (1.05) | (2.46) | (2.34) | |
| Return On Tangible Assets | (0.006865) | (0.0302) | (0.0649) | (0.13) | (0.0687) | (0.0653) | |
| Ev To Free Cash Flow | 16.75 | 9.48 | (61.93) | (3.26) | 9.78 | 10.27 | |
| Earnings Yield | (0.07) | (0.11) | (0.21) | (0.95) | (0.41) | (0.39) | |
| Intangibles To Total Assets | 0.18 | 0.16 | 0.0687 | 0.11 | 0.0931 | 0.0885 | |
| Net Debt To E B I T D A | 4.46 | 6.57 | 7.14 | (11.69) | 21.31 | 22.38 | |
| Current Ratio | 1.61 | 1.22 | 1.83 | 1.82 | 1.44 | 2.18 | |
| Tangible Book Value Per Share | 6.06 | 6.63 | 10.52 | 5.19 | 4.04 | 3.2 |
Pair Trading with Dorel 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 Dorel 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 Dorel Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Dorel Stock
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| 0.63 | GOOG | Alphabet CDR | PairCorr |
The ability to find closely correlated positions to Dorel 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 Dorel 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 Dorel 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 Dorel Industries to buy it.
The correlation of Dorel 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 Dorel Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dorel 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 Dorel 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.Additional Tools for Dorel Stock Analysis
When running Dorel Industries' price analysis, check to measure Dorel Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dorel Industries is operating at the current time. Most of Dorel Industries' value examination focuses on studying past and present price action to predict the probability of Dorel Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dorel Industries' price. Additionally, you may evaluate how the addition of Dorel Industries to your portfolios can decrease your overall portfolio volatility.