ELF Asset Turnover vs Net Debt Analysis

ELF Stock

CAD 1,388 11.99 0.86%

E L financial indicator trend analysis is much more than just examining E L Financial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether E L Financial is a good investment. Please check the relationship between E L Asset Turnover and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E L Financial Corp. 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.

Asset Turnover vs Net Debt

Asset Turnover vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of E L Financial Asset Turnover account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between E L's Asset Turnover and Net Debt is -0.52. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Net Debt in the same time period over historical financial statements of E L Financial Corp, assuming nothing else is changed. The correlation between historical values of E L's Asset Turnover and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of E L Financial Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Asset Turnover i.e., E L's Asset Turnover and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.52

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from E L's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into E L Financial 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E L Financial Corp. 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, E L's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 17th of December 2024, Enterprise Value Multiple is likely to grow to 7.07, while Selling General Administrative is likely to drop about 10.1 M.

E L 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	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Assets	Intangible Assets	Cash	Cash And Short Term Investments	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Common Stock	Accounts Payable
Total Assets		0.77	0.0	0.24	0.81	-0.03	0.32	0.79	0.22	-0.16	0.34	-0.26	-0.21	0.12	0.99	0.17	0.48	-0.65	0.07	0.36	0.39	-0.75	-0.02	-0.12	-0.74	0.55
Short Long Term Debt Total	0.77		0.15	0.09	0.73	-0.11	0.74	0.73	0.29	0.06	0.2	-0.49	-0.26	0.02	0.75	0.07	0.34	-0.46	-0.02	0.28	0.34	-0.65	-0.23	0.07	-0.65	0.38
Other Current Liab	0.0	0.15		0.39	-0.07	0.01	-0.12	-0.07	-0.02	-0.43	-0.03	-0.11	-0.01	0.08	0.0	-0.01	0.33	0.05	-0.33	0.32	0.34	0.12	-0.57	-0.17	0.13	0.15
Total Current Liabilities	0.24	0.09	0.39		0.1	0.21	-0.04	0.09	-0.32	-0.26	0.47	-0.08	0.13	0.29	0.23	0.16	0.04	-0.25	-0.29	-0.17	-0.04	-0.24	-0.3	-0.38	-0.24	0.31
Total Stockholder Equity	0.81	0.73	-0.07	0.1		-0.2	0.54	1.0	0.62	0.21	-0.02	-0.5	-0.26	-0.2	0.77	-0.01	0.43	-0.53	0.22	0.43	0.48	-0.71	-0.15	0.33	-0.73	0.55
Property Plant And Equipment Net	-0.03	-0.11	0.01	0.21	-0.2		-0.34	-0.25	-0.51	-0.1	0.59	0.49	0.89	0.09	0.06	0.93	-0.29	-0.63	0.04	-0.34	-0.46	-0.15	-0.08	-0.39	-0.15	0.0
Net Debt	0.32	0.74	-0.12	-0.04	0.54	-0.34		0.57	0.39	0.45	-0.1	-0.59	-0.39	-0.1	0.27	-0.23	0.02	-0.11	0.03	-0.12	0.13	-0.31	-0.13	0.37	-0.32	0.08
Retained Earnings	0.79	0.73	-0.07	0.09	1.0	-0.25	0.57		0.64	0.22	-0.05	-0.53	-0.3	-0.2	0.75	-0.06	0.43	-0.49	0.21	0.43	0.49	-0.69	-0.15	0.36	-0.7	0.55
Non Current Assets Total	0.22	0.29	-0.02	-0.32	0.62	-0.51	0.39	0.64		0.52	-0.78	-0.32	-0.53	-0.53	0.17	-0.25	0.37	-0.03	0.54	0.46	0.51	-0.16	-0.4	0.81	-0.18	0.04
Non Currrent Assets Other	-0.16	0.06	-0.43	-0.26	0.21	-0.1	0.45	0.22	0.52		-0.43	-0.24	-0.19	-0.71	-0.18	0.03	-0.52	-0.03	0.38	-0.22	-0.41	-0.03	-0.2	0.85	-0.05	-0.33
Other Assets	0.34	0.2	-0.03	0.47	-0.02	0.59	-0.1	-0.05	-0.78	-0.43		0.07	0.55	0.42	0.38	0.43	-0.22	-0.45	-0.47	-0.28	-0.37	-0.34	0.35	-0.72	-0.33	0.37
Net Receivables	-0.26	-0.49	-0.11	-0.08	-0.5	0.49	-0.59	-0.53	-0.32	-0.24	0.07		0.34	0.21	-0.18	0.47	0.02	-0.07	0.54	-0.21	-0.17	0.47	0.02	-0.33	0.48	-0.05
Common Stock Shares Outstanding	-0.21	-0.26	-0.01	0.13	-0.26	0.89	-0.39	-0.3	-0.53	-0.19	0.55	0.34		0.02	-0.14	0.7	-0.34	-0.42	-0.17	-0.22	-0.43	-0.08	0.12	-0.36	-0.09	0.04
Other Stockholder Equity	0.12	0.02	0.08	0.29	-0.2	0.09	-0.1	-0.2	-0.53	-0.71	0.42	0.21	0.02		0.13	0.0	0.47	-0.02	-0.2	-0.27	0.33	-0.04	0.18	-0.86	-0.03	0.07
Total Liab	0.99	0.75	0.0	0.23	0.77	0.06	0.27	0.75	0.17	-0.18	0.38	-0.18	-0.14	0.13		0.26	0.46	-0.7	0.11	0.34	0.35	-0.73	-0.02	-0.16	-0.72	0.55
Property Plant And Equipment Gross	0.17	0.07	-0.01	0.16	-0.01	0.93	-0.23	-0.06	-0.25	0.03	0.43	0.47	0.7	0.0	0.26		-0.14	-0.78	0.26	-0.23	-0.33	-0.3	-0.26	-0.23	-0.29	-0.05
Total Current Assets	0.48	0.34	0.33	0.04	0.43	-0.29	0.02	0.43	0.37	-0.52	-0.22	0.02	-0.34	0.47	0.46	-0.14		-0.12	0.26	0.54	0.96	-0.26	-0.27	-0.22	-0.26	0.36
Other Current Assets	-0.65	-0.46	0.05	-0.25	-0.53	-0.63	-0.11	-0.49	-0.03	-0.03	-0.45	-0.07	-0.42	-0.02	-0.7	-0.78	-0.12		-0.19	0.07	0.02	0.63	0.11	0.15	0.63	-0.24
Intangible Assets	0.07	-0.02	-0.33	-0.29	0.22	0.04	0.03	0.21	0.54	0.38	-0.47	0.54	-0.17	-0.2	0.11	0.26	0.26	-0.19		0.07	0.19	0.09	-0.31	0.4	0.08	0.03
Cash	0.36	0.28	0.32	-0.17	0.43	-0.34	-0.12	0.43	0.46	-0.22	-0.28	-0.21	-0.22	-0.27	0.34	-0.23	0.54	0.07	0.07		0.6	-0.31	-0.22	0.23	-0.31	0.44
Cash And Short Term Investments	0.39	0.34	0.34	-0.04	0.48	-0.46	0.13	0.49	0.51	-0.41	-0.37	-0.17	-0.43	0.33	0.35	-0.33	0.96	0.02	0.19	0.6		-0.23	-0.27	-0.05	-0.23	0.34
Common Stock Total Equity	-0.75	-0.65	0.12	-0.24	-0.71	-0.15	-0.31	-0.69	-0.16	-0.03	-0.34	0.47	-0.08	-0.04	-0.73	-0.3	-0.26	0.63	0.09	-0.31	-0.23		0.15	0.03	1.0	-0.25
Short Term Investments	-0.02	-0.23	-0.57	-0.3	-0.15	-0.08	-0.13	-0.15	-0.4	-0.2	0.35	0.02	0.12	0.18	-0.02	-0.26	-0.27	0.11	-0.31	-0.22	-0.27	0.15		-0.3	0.16	0.09
Non Current Liabilities Total	-0.12	0.07	-0.17	-0.38	0.33	-0.39	0.37	0.36	0.81	0.85	-0.72	-0.33	-0.36	-0.86	-0.16	-0.23	-0.22	0.15	0.4	0.23	-0.05	0.03	-0.3		0.01	-0.17
Common Stock	-0.74	-0.65	0.13	-0.24	-0.73	-0.15	-0.32	-0.7	-0.18	-0.05	-0.33	0.48	-0.09	-0.03	-0.72	-0.29	-0.26	0.63	0.08	-0.31	-0.23	1.0	0.16	0.01		-0.26
Accounts Payable	0.55	0.38	0.15	0.31	0.55	0.0	0.08	0.55	0.04	-0.33	0.37	-0.05	0.04	0.07	0.55	-0.05	0.36	-0.24	0.03	0.44	0.34	-0.25	0.09	-0.17	-0.26

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E L Account Relationship Matchups

E L fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	23.7B	24.9B	26.8B	23.5B	25.8B	13.4B
Short Long Term Debt Total	464.1M	602.3M	602.2M	702.9M	733.4M	419.8M
Other Current Liab	(214.6M)	(189.4M)	136.4M	(107.9M)	(103.8M)	(98.6M)
Total Current Liabilities	170.0M	179.5M	189.1M	254.8M	(16.9M)	(16.0M)
Total Stockholder Equity	6.3B	6.5B	7.3B	6.7B	7.1B	7.5B
Property Plant And Equipment Net	25.2M	21.0M	16.8M	14.7M	13.9M	24.5M
Net Debt	161.0M	174.5M	(33.9M)	400.0M	292.5M	307.1M
Retained Earnings	5.9B	6.1B	6.9B	6.4B	6.7B	7.1B
Non Current Assets Total	397.5M	315.6M	16.5B	14.1B	25.0B	26.2B
Non Currrent Assets Other	(397.5M)	(315.6M)	(16.5B)	(89.6M)	17.8B	18.7B
Other Assets	23.0B	24.1B	7.6B	7.2B	335.2M	318.5M
Net Receivables	55.5M	88.1M	67.3M	69.6M	748K	710.6K
Common Stock Shares Outstanding	4.3M	4.2M	4.1M	3.6M	3.5M	4.4M
Liabilities And Stockholders Equity	23.7B	24.9B	26.8B	23.5B	25.8B	13.3B
Other Stockholder Equity	40.1M	44.1M	58.2M	351.2M	(300.0M)	(285.0M)
Total Liab	16.4B	17.3B	18.2B	15.8B	17.5B	9.6B
Property Plant And Equipment Gross	29.9M	27.4M	25.2M	21.0M	24.2M	25.8M
Total Current Assets	358.6M	515.8M	2.7B	2.2B	440.9M	418.8M
Accumulated Other Comprehensive Income	24.2M	56.4M	37.9M	(117.4M)	22.8M	20.5M
Other Current Assets	396.8M	595.0M	747.8M	733.9M	494.7M	470.0M
Intangible Assets	22.4M	28.0M	28.5M	60.6M	61.5M	64.6M
Cash	303.1M	427.8M	636.1M	302.9M	440.9M	399.6M
Cash And Short Term Investments	303.1M	427.8M	2.6B	2.0B	445.8M	784.9M
Short Term Investments	14.4B	15.5B	2.0B	1.7B	5.0M	4.7M
Non Current Liabilities Total	732.6M	923.9M	975.9M	254.8M	17.5B	18.4B
Accounts Payable	170.0M	179.5M	189.1M	107.9M	83.9M	134.0M
Other Liab	15.0B	16.2B	17.2B	14.7B	16.9B	15.4B
Net Tangible Assets	6.0B	6.2B	7.0B	6.3B	7.3B	5.8B
Long Term Debt	464.1M	602.3M	602.2M	702.9M	733.4M	598.7M
Long Term Investments	349.9M	266.6M	16.4B	14.0B	15.8B	16.6B
Property Plant Equipment	25.2M	21.0M	16.8M	14.7M	13.2M	20.3M
Long Term Debt Total	488.8M	464.1M	602.3M	602.2M	692.5M	589.8M
Inventory	(396.8M)	(595.0M)	(747.8M)	(506.9M)	(446.6M)	(468.9M)
Cash And Equivalents	279.2M	211.6M	154.2M	130.7M	117.6M	193.9M
Net Invested Capital	6.5B	6.8B	7.6B	7.1B	7.6B	7.5B

Pair Trading with E L

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

Moving against ELF Stock

0.83	HPQ	HPQ Silicon Resources	Pair Corr
0.4	NG	NovaGold Resources	Pair Corr

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

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

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

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ELF Asset Turnover vs Net Debt Analysis

Asset Turnover vs Net Debt

Asset Turnover vs Net Debt Correlation Analysis

Correlation Coefficient

Asset Turnover

Net Debt

E L fundamental ratios Correlations

E L Account Relationship Matchups

High Positive Relationship

High Negative Relationship

E L fundamental ratios Accounts

Pair Trading with E L

Moving against ELF Stock

Other Information on Investing in ELF Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Common Stock	+ 1.0	Common Stock Total Equity
Total Liab	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.96	Total Current Assets
Property Plant And Equipment Gross	+ 0.93	Property Plant And Equipment Net
Common Stock Shares Outstanding	+ 0.89	Property Plant And Equipment Net

Non Current Liabilities Total	- 0.86	Other Stockholder Equity
Other Current Assets	- 0.78	Property Plant And Equipment Gross
Other Assets	- 0.78	Non Current Assets Total
Common Stock Total Equity	- 0.75	Total Assets
Common Stock	- 0.74	Total Assets
Common Stock Total Equity	- 0.73	Total Liab