Goodfood Change To Netincome vs Free Cash Flow Analysis

FOOD Stock

CAD 0.46 0.01 2.22%

Goodfood Market financial indicator trend analysis is much more than just examining Goodfood Market Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goodfood Market Corp is a good investment. Please check the relationship between Goodfood Market Change To Netincome and its Free Cash Flow accounts. 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.

Change To Netincome vs Free Cash Flow

Change To Netincome vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goodfood Market Corp Change To Netincome account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Goodfood Market's Change To Netincome and Free Cash Flow is -0.47. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Goodfood Market Corp, assuming nothing else is changed. The correlation between historical values of Goodfood Market's Change To Netincome and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Goodfood Market Corp are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Netincome i.e., Goodfood Market's Change To Netincome and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.47

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Change To Netincome

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Goodfood Market's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.

As of the 2nd of December 2024, Selling General Administrative is likely to drop to about 60.3 K. In addition to that, Tax Provision is likely to drop to about (57.6 K)

	2021	2022	2024 (projected)
Total Operating Expenses	133.3M	76.2M	60.3K
Cost Of Revenue	200.5M	103.2M	117.5M

Total Operating Expenses Cost Of Revenue

Goodfood Market fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.76	0.98	0.96	0.8	0.79	0.89	0.7	-0.23	-0.52	0.92	0.97	0.96	0.87	0.32	0.9	0.75	0.55	0.58	0.91	0.92	0.45	0.95	0.46	0.98	0.59
Short Long Term Debt Total	0.76		0.7	0.77	0.38	0.29	0.92	0.84	0.4	-0.69	0.67	0.64	0.83	0.6	0.77	0.72	0.91	0.87	0.85	0.86	0.87	0.7	0.84	0.74	0.68	0.88
Other Current Liab	0.98	0.7		0.91	0.86	0.85	0.87	0.64	-0.31	-0.36	0.86	0.96	0.93	0.89	0.24	0.91	0.69	0.49	0.49	0.83	0.91	0.42	0.89	0.42	0.97	0.55
Total Current Liabilities	0.96	0.77	0.91		0.64	0.65	0.83	0.79	-0.15	-0.64	0.97	0.92	0.92	0.85	0.35	0.84	0.75	0.59	0.64	0.91	0.85	0.55	0.97	0.61	0.94	0.7
Total Stockholder Equity	0.8	0.38	0.86	0.64		0.97	0.63	0.39	-0.62	0.07	0.65	0.88	0.67	0.85	0.07	0.86	0.52	0.28	0.26	0.49	0.75	-0.05	0.57	0.04	0.86	0.14
Net Tangible Assets	0.79	0.29	0.85	0.65	0.97		0.56	0.31	-0.71	0.02	0.67	0.87	0.66	0.81	-0.07	0.8	0.43	0.16	0.19	0.51	0.68	-0.09	0.58	-0.04	0.85	0.06
Property Plant And Equipment Net	0.89	0.92	0.87	0.83	0.63	0.56		0.76	0.16	-0.56	0.75	0.79	0.94	0.72	0.57	0.84	0.83	0.74	0.71	0.9	0.97	0.62	0.89	0.55	0.82	0.73
Current Deferred Revenue	0.7	0.84	0.64	0.79	0.39	0.31	0.76		0.16	-0.57	0.8	0.67	0.68	0.74	0.74	0.76	0.91	0.89	0.93	0.69	0.8	0.5	0.75	0.7	0.69	0.77
Net Debt	-0.23	0.4	-0.31	-0.15	-0.62	-0.71	0.16	0.16		-0.46	-0.25	-0.42	-0.02	-0.43	0.53	-0.29	0.15	0.37	0.3	0.13	-0.02	0.58	0.02	0.41	-0.37	0.47
Retained Earnings	-0.52	-0.69	-0.36	-0.64	0.07	0.02	-0.56	-0.57	-0.46		-0.6	-0.37	-0.62	-0.23	-0.46	-0.29	-0.55	-0.53	-0.61	-0.8	-0.46	-0.67	-0.75	-0.61	-0.42	-0.69
Accounts Payable	0.92	0.67	0.86	0.97	0.65	0.67	0.75	0.8	-0.25	-0.6		0.92	0.85	0.88	0.34	0.83	0.75	0.57	0.64	0.84	0.82	0.36	0.91	0.47	0.93	0.56
Cash	0.97	0.64	0.96	0.92	0.88	0.87	0.79	0.67	-0.42	-0.37	0.92		0.87	0.94	0.28	0.94	0.72	0.51	0.52	0.79	0.88	0.26	0.86	0.4	1.0	0.49
Non Current Assets Total	0.96	0.83	0.93	0.92	0.67	0.66	0.94	0.68	-0.02	-0.62	0.85	0.87		0.74	0.33	0.8	0.72	0.55	0.58	0.97	0.91	0.61	0.97	0.49	0.89	0.66
Other Assets	0.87	0.6	0.89	0.85	0.85	0.81	0.72	0.74	-0.43	-0.23	0.88	0.94	0.74		0.36	0.94	0.74	0.57	0.55	0.65	0.85	0.13	0.75	0.36	0.93	0.43
Long Term Debt	0.32	0.77	0.24	0.35	0.07	-0.07	0.57	0.74	0.53	-0.46	0.34	0.28	0.33	0.36		0.51	0.82	0.94	0.82	0.41	0.58	0.32	0.4	0.6	0.29	0.66
Cash And Short Term Investments	0.9	0.72	0.91	0.84	0.86	0.8	0.84	0.76	-0.29	-0.29	0.83	0.94	0.8	0.94	0.51		0.83	0.71	0.65	0.72	0.93	0.24	0.79	0.45	0.93	0.54
Net Receivables	0.75	0.91	0.69	0.75	0.52	0.43	0.83	0.91	0.15	-0.55	0.75	0.72	0.72	0.74	0.82	0.83		0.93	0.94	0.73	0.88	0.39	0.76	0.61	0.74	0.72
Common Stock Total Equity	0.55	0.87	0.49	0.59	0.28	0.16	0.74	0.89	0.37	-0.53	0.57	0.51	0.55	0.57	0.94	0.71	0.93		0.93	0.59	0.75	0.45	0.61	0.7	0.53	0.78
Common Stock Shares Outstanding	0.58	0.85	0.49	0.64	0.26	0.19	0.71	0.93	0.3	-0.61	0.64	0.52	0.58	0.55	0.82	0.65	0.94	0.93		0.63	0.72	0.46	0.65	0.66	0.55	0.74
Non Current Liabilities Total	0.91	0.86	0.83	0.91	0.49	0.51	0.9	0.69	0.13	-0.8	0.84	0.79	0.97	0.65	0.41	0.72	0.73	0.59	0.63		0.85	0.68	0.98	0.59	0.83	0.74
Inventory	0.92	0.87	0.91	0.85	0.75	0.68	0.97	0.8	-0.02	-0.46	0.82	0.88	0.91	0.85	0.58	0.93	0.88	0.75	0.72	0.85		0.44	0.87	0.47	0.89	0.63
Other Current Assets	0.45	0.7	0.42	0.55	-0.05	-0.09	0.62	0.5	0.58	-0.67	0.36	0.26	0.61	0.13	0.32	0.24	0.39	0.45	0.46	0.68	0.44		0.64	0.79	0.31	0.86
Total Liab	0.95	0.84	0.89	0.97	0.57	0.58	0.89	0.75	0.02	-0.75	0.91	0.86	0.97	0.75	0.4	0.79	0.76	0.61	0.65	0.98	0.87	0.64		0.61	0.89	0.74
Short Long Term Debt	0.46	0.74	0.42	0.61	0.04	-0.04	0.55	0.7	0.41	-0.61	0.47	0.4	0.49	0.36	0.6	0.45	0.61	0.7	0.66	0.59	0.47	0.79	0.61		0.42	0.96
Total Current Assets	0.98	0.68	0.97	0.94	0.86	0.85	0.82	0.69	-0.37	-0.42	0.93	1.0	0.89	0.93	0.29	0.93	0.74	0.53	0.55	0.83	0.89	0.31	0.89	0.42		0.52
Short Term Debt	0.59	0.88	0.55	0.7	0.14	0.06	0.73	0.77	0.47	-0.69	0.56	0.49	0.66	0.43	0.66	0.54	0.72	0.78	0.74	0.74	0.63	0.86	0.74	0.96	0.52

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Goodfood Market Account Relationship Matchups

Goodfood Market fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	80.8M	163.0M	255.3M	129.8M	57.8M	153.3K
Short Long Term Debt Total	59.2M	100.1M	108.4M	59.2M	68.0M	43.8M
Other Current Liab	14.8M	22.1M	10.3M	1.0	1.15	1.09
Total Current Liabilities	39.5M	59.0M	63.4M	52.8M	29.0M	101.8K
Total Stockholder Equity	17.4M	57.6M	97.9M	(11.2M)	(23.4M)	51.5K
Net Tangible Assets	16.9M	55.4M	95.8M	(14.4M)	(16.5M)	(15.7M)
Property Plant And Equipment Net	40.3M	102.5M	73.8M	22.0M	25.3M	33.2M
Current Deferred Revenue	5.4M	5.1M	5.5M	4.1M	4.7M	3.6M
Net Debt	(45.2M)	(25.5M)	71.5M	34.2M	39.4M	41.3M
Retained Earnings	(41.5M)	(45.7M)	(79.0M)	(200.7M)	(217.2M)	(765.4K)
Accounts Payable	24.0M	26.1M	30.1M	16.8M	18.0M	8.1K
Cash	45.1M	104.4M	125.5M	36.9M	24.9M	153.3K
Non Current Assets Total	6.4M	28.0M	46.4M	108.7M	77.7M	25.1M
Other Assets	2.9M	3.9M	4.1M	650K	747.5K	710.1K
Long Term Debt	26.2M	26.3M	27.5M	41.8M	48.0M	50.4M
Cash And Short Term Investments	104.4M	125.5M	36.9M	24.9M	28.7M	46.4M
Net Receivables	4.5M	6.0M	3.6M	4.1M	4.8M	2.9M
Common Stock Shares Outstanding	58.9M	70.7M	75.0M	76.1M	87.5M	51.1M
Liabilities And Stockholders Equity	163.0M	255.3M	129.8M	57.8M	66.5M	90.9M
Non Current Liabilities Total	3.0M	23.9M	46.5M	94.0M	88.2M	52.3M
Inventory	7.0M	14.3M	6.9M	3.3M	3.8M	4.7M
Other Current Assets	780K	709K	4.8M	366K	420.9K	399.9K
Total Liab	63.4M	105.5M	157.4M	141.0M	81.3M	101.8K
Short Long Term Debt	9.7M	651K	11.7M	4.0M	4.6M	3.5M
Total Current Assets	52.7M	116.6M	146.5M	52.2M	32.7M	153.3K
Accumulated Other Comprehensive Income	2.2M	843K	5.2M	5.4M	6.2M	6.5M
Short Term Debt	12.7M	6.1M	20.2M	6.9M	7.9M	6.1M
Common Stock	97.8M	170.1M	173.8M	180.4M	207.4M	217.8M
Property Plant Equipment	24.6M	40.3M	102.5M	73.8M	84.9M	89.1M
Non Currrent Assets Other	349.1K	2.9M	3.9M	4.1M	650K	312K
Long Term Debt Total	23.9M	46.5M	94.0M	88.2M	101.4M	106.5M
Capital Surpluse	2.3M	3.2M	5.9M	10.6M	12.2M	12.8M
Property Plant And Equipment Gross	40.3M	110.5M	127.1M	73.1M	84.1M	52.8M
Cash And Equivalents	45.1M	104.4M	125.5M	36.9M	42.4M	55.7M
Intangible Assets	2.2M	2.1M	3.2M	2.8M	3.2M	3.4M
Other Stockholder Equity	3.2M	5.9M	15.8M	13.4M	15.4M	16.2M
Net Invested Capital	93.4M	124.8M	28.0M	22.3M	25.7M	24.4M
Net Working Capital	57.6M	83.1M	(619K)	3.7M	4.3M	4.1M

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	Pair Corr
0.64	RY	Royal Bank Earnings Call This Week	Pair Corr
0.78	RY-PM	Royal Bank Earnings Call This Week	Pair Corr
0.75	TD-PFI	Toronto Dominion Bank Earnings Call This Week	Pair Corr

Moving against Goodfood Stock

0.45

Toronto Dominion Bank Earnings Call This Week

Pair Corr

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.

Pair Correlation Correlation Matching

Other Information on Investing in Goodfood Stock

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

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Goodfood Change To Netincome vs Free Cash Flow Analysis

Change To Netincome vs Free Cash Flow

Change To Netincome vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Change To Netincome

Free Cash Flow

Goodfood Market fundamental ratios Correlations

Goodfood Market Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Goodfood Market fundamental ratios Accounts

Pair Trading with Goodfood Market

Moving together with Goodfood Stock

Moving against Goodfood Stock

Other Information on Investing in Goodfood Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash
Other Current Liab	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Assets
Total Liab	+ 0.98	Non Current Liabilities Total
Cash	+ 0.97	Total Assets
Total Current Assets	+ 0.97	Other Current Liab

Non Current Liabilities Total	- 0.8	Retained Earnings
Total Liab	- 0.75	Retained Earnings
Net Debt	- 0.71	Net Tangible Assets
Short Term Debt	- 0.69	Retained Earnings
Retained Earnings	- 0.69	Short Long Term Debt Total
Other Current Assets	- 0.67	Retained Earnings