Goodfood Historical Financial Ratios
| FOOD Stock | CAD 0.46 0.01 2.22% |
Goodfood Market 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 8.15 or Days Sales Outstanding of 7.98 will help investors to properly organize and evaluate Goodfood Market Corp financial condition quickly.
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About Goodfood Financial Ratios Analysis
Goodfood Market CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Goodfood Market 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 Goodfood financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Goodfood Market history.
Goodfood Market Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Goodfood Market Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Goodfood Market sales, a figure that is much harder to manipulate than other Goodfood Market Corp 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.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Operating Cash Flow Per Share
A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.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.Tangible Asset Value
The total value of a company's physical, tangible assets, excluding intangible assets like patents and trademarks.Most ratios from Goodfood Market's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Goodfood Market Corp 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 Goodfood Market 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, Goodfood Market's Payables Turnover is very stable compared to the past year. As of the 2nd of December 2024, Cash Per Share is likely to grow to 0.63, while Days Sales Outstanding is likely to drop 7.98.
| 2020 | 2021 | 2022 | 2024 (projected) | Payables Turnover | 8.75 | 11.93 | 5.73 | 686.34 | Days Of Inventory On Hand | 19.86 | 12.53 | 11.61 | 9.83 |
Goodfood Market fundamentals Correlations
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Goodfood Market Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goodfood Market fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Ptb Ratio | 8.51 | 6.97 | 7.11 | (6.91) | (1.36) | 8.15 | |
| Book Value Per Share | 0.32 | 0.98 | 1.38 | (0.15) | (0.31) | 0.2 | |
| Free Cash Flow Yield | (0.0473) | (0.004105) | (0.0504) | (1.26) | (0.35) | (0.007807) | |
| Operating Cash Flow Per Share | 0.016 | 0.15 | (0.23) | (0.79) | (0.12) | (0.004141) | |
| Capex To Depreciation | 3.01 | 1.9 | 2.13 | 2.22 | 0.16 | 8.77 | |
| Pb Ratio | 8.51 | 6.97 | 7.11 | (6.91) | (1.36) | 8.15 | |
| Ev To Sales | 0.8 | 1.25 | 1.77 | 0.55 | 0.39 | 12.03 | |
| Free Cash Flow Per Share | (0.13) | (0.028) | (0.5) | (1.3) | (0.15) | (0.018) | |
| Roic | (0.66) | (0.016) | (0.24) | (2.3) | (0.48) | (0.22) | |
| Inventory Turnover | 25.56 | 28.58 | 18.38 | 29.13 | 31.45 | 34.53 | |
| Net Income Per Share | (0.4) | (0.0702) | (0.45) | (1.62) | (0.22) | (0.0653) | |
| Days Of Inventory On Hand | 14.28 | 12.77 | 19.86 | 12.53 | 11.61 | 9.83 | |
| Payables Turnover | 5.05 | 7.63 | 8.75 | 11.93 | 5.73 | 686.34 | |
| Capex To Revenue | 0.0489 | 0.0357 | 0.0494 | 0.14 | 0.0103 | 0.0692 | |
| Pocfratio | 168.34 | 46.9 | (42.55) | (1.31) | (3.42) | (554.04) | |
| Interest Coverage | (0.6) | (8.86) | (11.09) | (1.59) | (1.43) | (1.5) | |
| Capex To Operating Cash Flow | 8.96 | 1.19 | (1.15) | (0.65) | (0.19) | (3.17) | |
| Pfcf Ratio | (21.14) | (243.62) | (19.83) | (0.79) | (2.88) | (127.77) | |
| Days Payables Outstanding | 72.27 | 47.82 | 41.72 | 30.6 | 63.65 | 0.53 | |
| Income Quality | (0.0295) | (0.042) | (2.07) | 0.51 | 0.57 | 0.0666 | |
| Roe | (1.26) | (0.0719) | (0.32) | 10.89 | 0.7 | (0.2) | |
| Ev To Operating Cash Flow | 147.43 | 41.62 | (41.0) | (2.52) | (7.08) | (481.22) | |
| Pe Ratio | (6.77) | (97.01) | (21.9) | (0.63) | (1.94) | (35.15) | |
| Return On Tangible Assets | (0.27) | (0.0257) | (0.13) | (0.96) | (0.3) | (0.19) | |
| Ev To Free Cash Flow | (18.52) | (216.19) | (19.1) | (1.53) | (5.97) | (110.98) | |
| Earnings Yield | (0.15) | (0.0103) | (0.0457) | (1.58) | (0.52) | (0.0284) | |
| Intangibles To Total Assets | 0.0135 | 0.008156 | 0.0244 | 0.048 | 0.0432 | 0.0454 | |
| Net Debt To E B I T D A | 1.06 | (18.12) | 1.39 | (0.73) | 29.87 | 5.34 | |
| Current Ratio | 1.34 | 1.98 | 2.31 | 0.99 | 1.13 | 7.77 | |
| Tangible Book Value Per Share | 0.31 | 0.94 | 1.35 | (0.19) | (0.34) | 0.18 | |
| Graham Number | 1.68 | 1.24 | 3.74 | 2.33 | 1.22 | 0.61 | |
| Shareholders Equity Per Share | 0.32 | 0.98 | 1.38 | (0.15) | (0.31) | 0.2 | |
| Debt To Equity | 0.62 | 0.28 | (3.51) | (1.95) | (2.25) | (2.13) | |
| Capex Per Share | 0.14 | 0.17 | 0.27 | 0.51 | 0.0228 | 0.0125 |
Pair Trading with Goodfood Market
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 Goodfood Market 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 Goodfood Market will appreciate offsetting losses from the drop in the long position's value.Moving together with Goodfood Stock
| 0.84 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.64 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.78 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.75 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
Moving against Goodfood Stock
| 0.45 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Goodfood Market could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goodfood Market 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 Goodfood Market - 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 Goodfood Market Corp to buy it.
The correlation of Goodfood Market 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 Goodfood Market moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goodfood Market Corp 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 Goodfood Market 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 Goodfood Stock
Goodfood Market CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Goodfood Market 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 Goodfood financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Goodfood Market history.