Canoe Historical Financial Ratios
| EIT-UN Stock | CAD 15.07 0.21 1.37% |
Canoe EIT is presently reporting on over 67 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 1.03 or Days Sales Outstanding of 12.17 will help investors to properly organize and evaluate Canoe EIT Income financial condition quickly.
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About Canoe Financial Ratios Analysis
Canoe EIT IncomeFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Canoe EIT 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 Canoe financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Canoe EIT history.
Canoe EIT Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Canoe EIT Income stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Canoe EIT sales, a figure that is much harder to manipulate than other Canoe EIT Income 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 Canoe EIT Income dividend as a percentage of Canoe EIT stock price. Canoe EIT Income dividend yield is a measure of Canoe EIT stock productivity, which can be interpreted as interest rate earned on an Canoe EIT 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.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 ratios from Canoe EIT's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Canoe EIT Income 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 Canoe EIT Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, Canoe EIT's Dividend Yield is projected to increase slightly based on the last few years of reporting. The current year's PTB Ratio is expected to grow to 1.03, whereas Price To Sales Ratio is forecasted to decline to 7.02.
| 2021 | 2022 | 2024 (projected) | PTB Ratio | 0.92 | 0.94 | 1.03 | Dividend Yield | 0.0894 | 0.0892 | 0.0935 |
Canoe EIT fundamentals Correlations
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Canoe EIT Account Relationship Matchups
High Positive Relationship
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Canoe EIT fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Dividend Yield | 0.0933 | 0.12 | 0.0894 | 0.0892 | 0.0923 | 0.0935 | |
| Days Sales Outstanding | 4.98 | 14.44 | 3.49 | 8.73 | 12.81 | 12.17 | |
| Book Value Per Share | 11.23 | 10.24 | 14.45 | 14.22 | 13.71 | 15.2 | |
| Free Cash Flow Yield | (0.2) | (0.007945) | (0.006889) | (0.0246) | (0.0516) | (0.049) | |
| Operating Cash Flow Per Share | (2.07) | (0.0782) | (0.0913) | (0.33) | (0.67) | (0.63) | |
| Ev To Sales | 5.93 | 15.23 | 2.85 | 7.34 | 13.15 | 7.9 | |
| Free Cash Flow Per Share | (2.07) | (0.0782) | (0.0913) | (0.33) | (0.67) | (0.63) | |
| Net Income Per Share | 1.47 | 0.5 | 4.35 | 1.67 | 0.74 | 0.86 | |
| Payables Turnover | 1.36 | 1.32 | 1.38 | 1.16 | 1.31 | 1.89 | |
| Sales General And Administrative To Revenue | 0.033 | 0.088 | 0.011 | 0.0267 | 0.0436 | 0.0351 | |
| Cash Per Share | 1.47 | 0.37 | 1.1 | 0.64 | 0.0873 | 0.0829 | |
| Pocfratio | (5.02) | (125.86) | (145.15) | (40.72) | (19.39) | (20.36) | |
| Interest Coverage | 54.22 | 39.66 | 649.95 | 118.28 | 24.23 | 23.02 | |
| Payout Ratio | 0.66 | 2.41 | 0.27 | 0.71 | 1.62 | 1.7 | |
| Pfcf Ratio | (5.02) | (125.86) | (145.15) | (40.72) | (19.39) | (20.36) | |
| Days Payables Outstanding | 277.16 | 264.91 | 313.55 | 264.0 | 277.96 | 193.02 | |
| Income Quality | (1.41) | (0.16) | (0.021) | (0.2) | (0.9) | (0.86) | |
| Ev To Operating Cash Flow | (4.71) | (131.04) | (140.7) | (40.72) | (20.11) | (21.12) | |
| Pe Ratio | 7.08 | 19.78 | 3.05 | 7.99 | 17.53 | 18.41 | |
| Ev To Free Cash Flow | (4.71) | (131.04) | (140.7) | (40.72) | (20.11) | (21.12) | |
| Earnings Yield | 0.057 | (0.0721) | 0.14 | 0.0506 | 0.33 | 0.0532 | |
| Current Ratio | 28.39 | 11.45 | 3.15 | 8.58 | 5.31 | 0.15 | |
| Tangible Book Value Per Share | 11.23 | 10.24 | 14.45 | 14.22 | 13.71 | 15.2 | |
| Receivables Turnover | 73.26 | 25.27 | 104.62 | 41.82 | 28.48 | 24.98 | |
| Graham Number | 19.28 | 10.7 | 37.6 | 23.14 | 15.07 | 23.51 | |
| Shareholders Equity Per Share | 11.23 | 10.24 | 14.45 | 14.22 | 13.71 | 15.2 | |
| Debt To Equity | 0.0734 | 0.0752 | 0.0479 | 0.0452 | 0.0414 | 0.0393 | |
| Graham Net Net | (1.37) | (2.32) | (1.34) | (1.53) | (1.88) | (1.79) | |
| Revenue Per Share | 1.65 | 0.67 | 4.51 | 1.82 | 1.02 | 1.06 | |
| Interest Debt Per Share | 0.85 | 0.78 | 0.7 | 0.66 | 0.6 | 0.57 | |
| Debt To Assets | 0.0586 | 0.0595 | 0.0409 | 0.0391 | 0.0361 | 0.0343 | |
| Short Term Coverage Ratios | (2.51) | (0.1) | (0.13) | (0.51) | (1.17) | (1.12) |
Pair Trading with Canoe EIT
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 Canoe EIT 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 Canoe EIT will appreciate offsetting losses from the drop in the long position's value.Moving together with Canoe Stock
Moving against Canoe Stock
The ability to find closely correlated positions to Canoe EIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canoe EIT 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 Canoe EIT - 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 Canoe EIT Income to buy it.
The correlation of Canoe EIT 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 Canoe EIT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canoe EIT Income 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 Canoe EIT 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 Canoe Stock
Canoe EIT IncomeFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Canoe EIT 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 Canoe financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Canoe EIT history.