Canadian Operating Income vs Gross Profit Analysis

LFE Stock

CAD 7.08 0.01 0.14%

Canadian Life financial indicator trend analysis is way more than just evaluating Canadian Life Companies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Life Companies is a good investment. Please check the relationship between Canadian Life Operating Income and its Gross Profit accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Canadian Life Companies. 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.

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Life Companies Operating Income account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Canadian Life's Operating Income and Gross Profit is 0.86. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Canadian Life Companies, assuming nothing else is changed. The correlation between historical values of Canadian Life's Operating Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Canadian Life Companies are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., Canadian Life's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Canadian Life Companies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Canadian Life Companies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Canadian Life Companies minus its cost of goods sold. It is profit before Canadian Life operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from Canadian Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Life Companies 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Canadian Life Companies. 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, Canadian Life's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Interest Income	171.3K	378.8K	435.6K	457.4K
Net Interest Income	171.3K	378.8K	435.6K	457.4K

Interest Income Net Interest Income

Canadian Life fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Total Current Assets	Common Stock	Other Current Liab	Accounts Payable	Total Current Liabilities	Non Current Liabilities Total	Total Liab	Other Stockholder Equity	Short Long Term Debt Total	Net Tangible Assets	Current Deferred Revenue	Short Long Term Debt	Short Term Debt	Long Term Investments
Total Assets		0.77	0.68	0.28	0.39	0.88	-0.78	-0.43	0.69	-0.13	0.55	0.97	0.7	0.19	-0.38	0.16	0.15	0.66	0.61	-0.16	0.81	0.56	-0.38	0.33	0.5	0.55
Total Stockholder Equity	0.77		0.15	0.76	0.03	0.77	-0.78	-0.52	0.66	-0.27	0.01	0.83	0.66	0.38	-0.2	-0.01	-0.02	0.55	0.47	0.41	0.41	0.58	-0.43	0.28	0.42	0.52
Net Debt	0.68	0.15		-0.21	0.4	0.51	-0.29	-0.04	0.11	0.06	0.71	0.62	0.11	-0.19	-0.35	0.13	0.3	0.3	0.13	-0.54	0.79	0.18	-0.09	0.28	0.34	0.26
Retained Earnings	0.28	0.76	-0.21		-0.45	0.28	-0.33	-0.37	0.18	-0.13	-0.38	0.42	0.18	0.06	0.07	-0.4	-0.07	0.02	-0.03	0.64	-0.1	0.06	-0.11	0.06	0.06	0.07
Cash	0.39	0.03	0.4	-0.45		0.21	-0.15	0.18	0.42	-0.25	0.34	0.18	0.42	0.34	-0.43	0.51	0.14	0.51	0.49	-0.34	0.43	0.48	-0.37	0.16	0.38	0.36
Non Current Assets Total	0.88	0.77	0.51	0.28	0.21		-0.89	-0.42	0.72	-0.32	0.35	0.89	0.72	0.46	-0.28	0.3	0.1	0.76	0.63	0.11	0.84	0.75	-0.58	0.5	0.69	0.76
Non Currrent Assets Other	-0.78	-0.78	-0.29	-0.33	-0.15	-0.89		0.72	-0.77	0.19	-0.39	-0.82	-0.77	-0.42	0.22	-0.2	-0.02	-0.67	-0.67	-0.08	-0.65	-0.64	0.55	-0.15	-0.44	-0.57
Other Assets	-0.43	-0.52	-0.04	-0.37	0.18	-0.42	0.72		-0.32	-0.22	-0.41	-0.53	-0.32	0.08	0.13	0.14	0.27	-0.2	-0.21	0.14	-0.18	-0.04	-0.03	0.41	0.24	0.08
Cash And Short Term Investments	0.69	0.66	0.11	0.18	0.42	0.72	-0.77	-0.32		-0.3	0.26	0.65	1.0	0.52	-0.08	0.27	0.25	0.66	0.97	0.1	0.53	0.7	-0.61	0.27	0.51	0.64
Net Receivables	-0.13	-0.27	0.06	-0.13	-0.25	-0.32	0.19	-0.22	-0.3		0.44	-0.08	-0.3	-0.75	-0.1	-0.15	0.09	-0.52	-0.25	-0.55	-0.25	-0.62	0.73	-0.61	-0.73	-0.66
Common Stock Shares Outstanding	0.55	0.01	0.71	-0.38	0.34	0.35	-0.39	-0.41	0.26	0.44		0.5	0.26	-0.42	-0.24	0.12	0.24	0.16	0.34	-0.85	0.58	-0.05	0.17	-0.25	-0.12	-0.08
Short Term Investments	0.97	0.83	0.62	0.42	0.18	0.89	-0.82	-0.53	0.65	-0.08	0.5		0.65	0.12	-0.3	0.04	0.12	0.58	0.53	-0.09	0.75	0.48	-0.32	0.29	0.43	0.49
Total Current Assets	0.7	0.66	0.11	0.18	0.42	0.72	-0.77	-0.32	1.0	-0.3	0.26	0.65		0.52	-0.08	0.27	0.25	0.66	0.97	0.09	0.53	0.7	-0.61	0.27	0.51	0.64
Common Stock	0.19	0.38	-0.19	0.06	0.34	0.46	-0.42	0.08	0.52	-0.75	-0.42	0.12	0.52		-0.15	0.44	-0.18	0.72	0.49	0.59	0.26	0.87	-0.86	0.6	0.76	0.83
Other Current Liab	-0.38	-0.2	-0.35	0.07	-0.43	-0.28	0.22	0.13	-0.08	-0.1	-0.24	-0.3	-0.08	-0.15		0.0	0.19	-0.34	-0.07	0.22	-0.4	-0.22	0.07	-0.16	-0.15	-0.14
Accounts Payable	0.16	-0.01	0.13	-0.4	0.51	0.3	-0.2	0.14	0.27	-0.15	0.12	0.04	0.27	0.44	0.0		-0.01	0.48	0.32	-0.01	0.28	0.56	-0.32	0.21	0.39	0.5
Total Current Liabilities	0.15	-0.02	0.3	-0.07	0.14	0.1	-0.02	0.27	0.25	0.09	0.24	0.12	0.25	-0.18	0.19	-0.01		-0.31	0.31	-0.17	0.27	-0.04	-0.01	-0.06	0.09	-0.01
Non Current Liabilities Total	0.66	0.55	0.3	0.02	0.51	0.76	-0.67	-0.2	0.66	-0.52	0.16	0.58	0.66	0.72	-0.34	0.48	-0.31		0.62	0.17	0.63	0.88	-0.77	0.62	0.78	0.87
Total Liab	0.61	0.47	0.13	-0.03	0.49	0.63	-0.67	-0.21	0.97	-0.25	0.34	0.53	0.97	0.49	-0.07	0.32	0.31	0.62		-0.04	0.53	0.65	-0.59	0.25	0.49	0.6
Other Stockholder Equity	-0.16	0.41	-0.54	0.64	-0.34	0.11	-0.08	0.14	0.1	-0.55	-0.85	-0.09	0.09	0.59	0.22	-0.01	-0.17	0.17	-0.04		-0.24	0.37	-0.48	0.41	0.41	0.4
Short Long Term Debt Total	0.81	0.41	0.79	-0.1	0.43	0.84	-0.65	-0.18	0.53	-0.25	0.58	0.75	0.53	0.26	-0.4	0.28	0.27	0.63	0.53	-0.24		0.55	-0.48	0.5	0.67	0.62
Net Tangible Assets	0.56	0.58	0.18	0.06	0.48	0.75	-0.64	-0.04	0.7	-0.62	-0.05	0.48	0.7	0.87	-0.22	0.56	-0.04	0.88	0.65	0.37	0.55		-0.84	0.63	0.84	0.94
Current Deferred Revenue	-0.38	-0.43	-0.09	-0.11	-0.37	-0.58	0.55	-0.03	-0.61	0.73	0.17	-0.32	-0.61	-0.86	0.07	-0.32	-0.01	-0.77	-0.59	-0.48	-0.48	-0.84		-0.62	-0.88	-0.87
Short Long Term Debt	0.33	0.28	0.28	0.06	0.16	0.5	-0.15	0.41	0.27	-0.61	-0.25	0.29	0.27	0.6	-0.16	0.21	-0.06	0.62	0.25	0.41	0.5	0.63	-0.62		0.86	0.81
Short Term Debt	0.5	0.42	0.34	0.06	0.38	0.69	-0.44	0.24	0.51	-0.73	-0.12	0.43	0.51	0.76	-0.15	0.39	0.09	0.78	0.49	0.41	0.67	0.84	-0.88	0.86		0.95
Long Term Investments	0.55	0.52	0.26	0.07	0.36	0.76	-0.57	0.08	0.64	-0.66	-0.08	0.49	0.64	0.83	-0.14	0.5	-0.01	0.87	0.6	0.4	0.62	0.94	-0.87	0.81	0.95

Click cells to compare fundamentals

Canadian Life Account Relationship Matchups

Canadian Life fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	170.7M	174.9M	170.8M	167.9M	151.1M	154.8M
Total Stockholder Equity	34.8M	49.6M	42.1M	50.4M	45.3M	54.8M
Net Debt	127.2M	113.7M	104.3M	(8.8M)	(10.1M)	(9.6M)
Cash	6.3M	10.6M	20.4M	8.8M	10.1M	16.9M
Non Current Assets Total	163.0M	162.1M	149.0M	157.4M	141.6M	150.0M
Non Currrent Assets Other	(163.0M)	(162.1M)	(149.0M)	(157.4M)	(181.0M)	(190.0M)
Cash And Short Term Investments	6.3M	10.6M	20.4M	166.2M	149.6M	133.8M
Net Receivables	1.4M	2.1M	1.4M	1.7M	2.0M	1.4M
Common Stock Shares Outstanding	13.5M	12.8M	12.5M	11.8M	13.6M	12.1M
Short Term Investments	163.0M	162.1M	149.0M	157.4M	141.6M	141.4M
Liabilities And Stockholders Equity	170.7M	174.9M	170.8M	167.9M	151.1M	154.8M
Total Current Assets	7.7M	12.7M	21.8M	167.9M	151.1M	134.8M
Common Stock	34.8M	49.6M	42.1M	50.4M	45.3M	75.5M
Other Current Liab	(882.3K)	(125.2M)	(3.3M)	1.3M	1.1M	1.2M
Accounts Payable	882.3K	841.8K	3.3M	775.0K	891.2K	846.7K
Total Current Liabilities	882.3K	841.8K	3.3M	2.1M	2.4M	2.2M
Non Current Liabilities Total	1.9M	899.8K	4.0M	1.3M	1.1M	1.1M
Total Liab	882.3K	841.8K	3.3M	117.5M	105.8M	84.8M
Short Long Term Debt Total	133.5M	124.3M	124.7M	116.2M	104.6M	111.4M
Net Tangible Assets	69.3M	34.8M	49.6M	42.1M	37.9M	51.4M
Current Deferred Revenue	(132.6M)	(123.5M)	(121.4M)	(115.5M)	(132.8M)	(139.4M)
Short Term Debt	133.5M	124.3M	124.7M	116.2M	104.6M	112.5M
Long Term Investments	163.0M	162.1M	149.0M	157.4M	141.6M	143.2M

Pair Trading with Canadian Life

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 Canadian Life 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 Canadian Life will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canadian Stock

0.75

BIP-PB

Brookfield Infrastructure

Pair Corr

Moving against Canadian Stock

0.9

VCM

Vecima Networks

Pair Corr

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

The correlation of Canadian Life 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 Canadian Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Life Companies 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 Canadian Life 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 Canadian Stock

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

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Canadian Operating Income vs Gross Profit Analysis

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

Canadian Life fundamental ratios Correlations

Canadian Life Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Life fundamental ratios Accounts

Pair Trading with Canadian Life

Moving together with Canadian Stock

Moving against Canadian Stock

Other Information on Investing in Canadian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Short Term Investments	+ 0.97	Total Assets
Total Liab	+ 0.97	Cash And Short Term Investments
Total Liab	+ 0.97	Total Current Assets
Long Term Investments	+ 0.95	Short Term Debt
Long Term Investments	+ 0.94	Net Tangible Assets

Non Currrent Assets Other	- 0.89	Non Current Assets Total
Short Term Debt	- 0.88	Current Deferred Revenue
Long Term Investments	- 0.87	Current Deferred Revenue
Current Deferred Revenue	- 0.86	Common Stock
Other Stockholder Equity	- 0.85	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.84	Net Tangible Assets