Orbit Roic vs Book Value Per Share Analysis

OGD Stock

CAD 0.80 0.06 6.98%

Orbit Garant financial indicator trend analysis is much more than just breaking down Orbit Garant Drilling prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orbit Garant Drilling is a good investment. Please check the relationship between Orbit Garant Roic and its Book Value Per Share accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orbit Garant Drilling. 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.

Roic vs Book Value Per Share

Roic vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orbit Garant Drilling Roic account and Book Value Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Orbit Garant's Roic and Book Value Per Share is -0.05. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Orbit Garant Drilling, assuming nothing else is changed. The correlation between historical values of Orbit Garant's Roic and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Orbit Garant Drilling are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Roic i.e., Orbit Garant's Roic and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.05

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

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.

Most indicators from Orbit Garant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orbit Garant Drilling 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orbit Garant Drilling. 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, Orbit Garant's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Over EBITDA is likely to grow to 6.74, while Selling General Administrative is likely to drop about 13.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	2.2M	3.3M	3.5M	3.6M
Depreciation And Amortization	11.1M	11.1M	10.7M	10.9M

Interest Expense Depreciation And Amortization

Orbit Garant fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.47	-0.09	0.45	0.59	0.72	-0.5	0.43	0.42	0.63	0.39	0.59	0.39	0.83	0.47	0.58	0.61	0.52	0.77	0.15	0.57	0.42	0.87	-0.44	-0.39	0.6
Short Long Term Debt Total	0.47		-0.05	0.7	-0.36	-0.08	-0.7	0.99	-0.43	0.72	0.33	0.1	0.33	0.55	0.04	0.07	0.28	0.93	0.44	0.02	0.97	0.63	0.55	-0.18	-0.02	0.17
Other Current Liab	-0.09	-0.05		-0.12	-0.06	-0.1	-0.16	-0.02	-0.12	0.06	-0.26	-0.23	-0.26	0.02	0.14	0.16	0.12	0.02	0.06	0.16	-0.05	0.15	0.03	0.1	-0.22	0.14
Total Current Liabilities	0.45	0.7	-0.12		-0.23	-0.06	-0.54	0.69	-0.42	0.87	0.25	-0.14	0.25	0.71	0.18	0.26	0.45	0.47	0.52	0.14	0.79	0.61	0.66	0.22	-0.3	0.37
Total Stockholder Equity	0.59	-0.36	-0.06	-0.23		0.87	0.12	-0.39	0.9	-0.05	0.24	0.63	0.24	0.28	0.57	0.56	0.36	-0.25	0.44	-0.07	-0.28	-0.14	0.39	-0.23	-0.35	0.44
Property Plant And Equipment Net	0.72	-0.08	-0.1	-0.06	0.87		-0.27	-0.12	0.66	0.12	0.26	0.51	0.26	0.38	0.59	0.68	0.53	-0.02	0.7	0.04	-0.04	0.15	0.59	-0.32	-0.55	0.61
Current Deferred Revenue	-0.5	-0.7	-0.16	-0.54	0.12	-0.27		-0.66	0.43	-0.63	-0.29	0.19	-0.29	-0.45	-0.43	-0.59	-0.73	-0.58	-0.77	-0.39	-0.65	-0.68	-0.69	0.19	0.63	-0.68
Net Debt	0.43	0.99	-0.02	0.69	-0.39	-0.12	-0.66		-0.44	0.7	0.22	0.09	0.22	0.52	0.03	0.04	0.24	0.92	0.4	0.04	0.96	0.66	0.5	-0.15	0.02	0.14
Retained Earnings	0.42	-0.43	-0.12	-0.42	0.9	0.66	0.43	-0.44		-0.28	0.11	0.81	0.11	0.08	0.25	0.18	-0.03	-0.24	0.07	-0.24	-0.36	-0.34	0.07	-0.22	0.08	0.04
Accounts Payable	0.63	0.72	0.06	0.87	-0.05	0.12	-0.63	0.7	-0.28		0.33	-0.07	0.33	0.89	0.4	0.47	0.64	0.63	0.68	0.14	0.84	0.77	0.85	-0.19	-0.45	0.56
Cash	0.39	0.33	-0.26	0.25	0.24	0.26	-0.29	0.22	0.11	0.33		0.14	1.0	0.34	0.25	0.25	0.28	0.29	0.45	-0.43	0.32	-0.04	0.47	-0.19	-0.26	0.25
Non Current Assets Total	0.59	0.1	-0.23	-0.14	0.63	0.51	0.19	0.09	0.81	-0.07	0.14		0.14	0.22	0.04	-0.02	-0.12	0.27	0.09	-0.23	0.12	-0.14	0.16	-0.29	0.35	-0.1
Cash And Short Term Investments	0.39	0.33	-0.26	0.25	0.24	0.26	-0.29	0.22	0.11	0.33	1.0	0.14		0.34	0.25	0.25	0.28	0.29	0.45	-0.43	0.32	-0.04	0.47	-0.19	-0.26	0.25
Net Receivables	0.83	0.55	0.02	0.71	0.28	0.38	-0.45	0.52	0.08	0.89	0.34	0.22	0.34		0.39	0.5	0.6	0.54	0.68	0.1	0.71	0.59	0.9	-0.34	-0.42	0.55
Good Will	0.47	0.04	0.14	0.18	0.57	0.59	-0.43	0.03	0.25	0.4	0.25	0.04	0.25	0.39		0.94	0.86	-0.01	0.77	0.24	0.08	0.43	0.64	-0.13	-0.78	0.88
Common Stock Total Equity	0.58	0.07	0.16	0.26	0.56	0.68	-0.59	0.04	0.18	0.47	0.25	-0.02	0.25	0.5	0.94		0.95	0.01	0.87	0.4	0.13	0.46	0.76	-0.2	-0.91	0.98
Common Stock Shares Outstanding	0.61	0.28	0.12	0.45	0.36	0.53	-0.73	0.24	-0.03	0.64	0.28	-0.12	0.28	0.6	0.86	0.95		0.19	0.89	0.51	0.34	0.57	0.83	-0.24	-0.89	0.99
Non Current Liabilities Total	0.52	0.93	0.02	0.47	-0.25	-0.02	-0.58	0.92	-0.24	0.63	0.29	0.27	0.29	0.54	-0.01	0.01	0.19		0.35	-0.03	0.91	0.56	0.49	-0.48	0.11	0.09
Inventory	0.77	0.44	0.06	0.52	0.44	0.7	-0.77	0.4	0.07	0.68	0.45	0.09	0.45	0.68	0.77	0.87	0.89	0.35		0.21	0.48	0.58	0.92	-0.22	-0.82	0.89
Other Current Assets	0.15	0.02	0.16	0.14	-0.07	0.04	-0.39	0.04	-0.24	0.14	-0.43	-0.23	-0.43	0.1	0.24	0.4	0.51	-0.03	0.21		0.05	0.25	0.18	-0.08	-0.36	0.5
Total Liab	0.57	0.97	-0.05	0.79	-0.28	-0.04	-0.65	0.96	-0.36	0.84	0.32	0.12	0.32	0.71	0.08	0.13	0.34	0.91	0.48	0.05		0.67	0.65	-0.23	-0.07	0.23
Property Plant And Equipment Gross	0.42	0.63	0.15	0.61	-0.14	0.15	-0.68	0.66	-0.34	0.77	-0.04	-0.14	-0.04	0.59	0.43	0.46	0.57	0.56	0.58	0.25	0.67		0.62	-0.15	-0.43	0.52
Total Current Assets	0.87	0.55	0.03	0.66	0.39	0.59	-0.69	0.5	0.07	0.85	0.47	0.16	0.47	0.9	0.64	0.76	0.83	0.49	0.92	0.18	0.65	0.62		-0.33	-0.69	0.8
Short Term Debt	-0.44	-0.18	0.1	0.22	-0.23	-0.32	0.19	-0.15	-0.22	-0.19	-0.19	-0.29	-0.19	-0.34	-0.13	-0.2	-0.24	-0.48	-0.22	-0.08	-0.23	-0.15	-0.33		0.05	-0.21
Intangible Assets	-0.39	-0.02	-0.22	-0.3	-0.35	-0.55	0.63	0.02	0.08	-0.45	-0.26	0.35	-0.26	-0.42	-0.78	-0.91	-0.89	0.11	-0.82	-0.36	-0.07	-0.43	-0.69	0.05		-0.93
Common Stock	0.6	0.17	0.14	0.37	0.44	0.61	-0.68	0.14	0.04	0.56	0.25	-0.1	0.25	0.55	0.88	0.98	0.99	0.09	0.89	0.5	0.23	0.52	0.8	-0.21	-0.93

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Orbit Garant Account Relationship Matchups

Orbit Garant fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	129.8M	138.1M	137.1M	127.6M	119.9M	130.4M
Short Long Term Debt Total	41.3M	37.3M	40.3M	37.0M	34.1M	23.7M
Other Current Liab	3.4M	2.0M	2.9M	4.0M	3.6M	2.7M
Total Current Liabilities	25.4M	36.5M	37.8M	31.6M	27.0M	25.9M
Total Stockholder Equity	68.0M	70.3M	62.5M	61.6M	60.2M	60.3M
Property Plant And Equipment Net	45.6M	43.3M	43.8M	43.1M	36.6M	43.4M
Current Deferred Revenue	(4.9M)	(2.9M)	(2.9M)	(4.0M)	(3.6M)	(3.4M)
Net Debt	36.3M	34.0M	39.3M	34.8M	33.8M	20.5M
Retained Earnings	10.0M	12.3M	5.7M	5.8M	4.7M	4.4M
Accounts Payable	18.5M	30.5M	33.6M	27.6M	25.4M	19.5M
Cash	5.0M	3.3M	1.0M	2.2M	332K	315.4K
Non Current Assets Total	52.4M	47.6M	45.9M	45.6M	44.2M	41.1M
Cash And Short Term Investments	5.0M	3.3M	1.0M	2.2M	332K	315.4K
Net Receivables	22.6M	41.8M	40.1M	31.1M	28.6M	30.1M
Common Stock Shares Outstanding	36.8M	37.0M	37.2M	37.4M	43.0M	37.1M
Liabilities And Stockholders Equity	129.8M	138.1M	137.1M	127.6M	119.9M	130.4M
Non Current Liabilities Total	36.4M	31.3M	36.8M	34.3M	32.6M	21.5M
Inventory	49.1M	44.7M	49.0M	47.7M	43.0M	39.5M
Other Current Assets	827K	796K	1.1M	1.0M	3.8M	3.9M
Total Liab	61.8M	67.8M	74.6M	65.9M	59.6M	47.4M
Property Plant And Equipment Gross	45.6M	131.1M	132.2M	140.6M	129.3M	65.8M
Total Current Assets	77.5M	90.6M	91.2M	82.0M	75.6M	73.9M
Accumulated Other Comprehensive Income	(899K)	(1.2M)	(2.4M)	(3.3M)	(3.6M)	(3.8M)
Short Term Debt	4.9M	6.0M	4.2M	4.0M	1.5M	1.4M
Intangible Assets	588K	141K	320K	296K	211K	200.5K
Other Stockholder Equity	(899K)	(1.2M)	(2.4M)	(3.3M)	(3.0M)	(2.9M)
Net Tangible Assets	67.4M	69.8M	62.2M	61.3M	55.2M	58.3M
Long Term Investments	317K	259K	146K	320K	1.4M	1.5M
Short Long Term Debt	2.2M	2.5M	3.5M	3.4M	450K	427.5K
Property Plant Equipment	45.6M	40.9M	43.8M	43.1M	49.5M	46.7M
Other Assets	5.9M	5.8M	1.6M	1.9M	2.2M	4.0M
Long Term Debt	35.2M	29.9M	34.7M	32.3M	30.9M	25.1M
Long Term Debt Total	36.4M	31.3M	36.1M	33.0M	38.0M	24.7M
Net Invested Capital	105.4M	102.8M	100.7M	97.4M	91.6M	79.4M

Pair Trading with Orbit Garant

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 Orbit Garant 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 Orbit Garant will appreciate offsetting losses from the drop in the long position's value.

Moving together with Orbit Stock

0.7	IE	Ivanhoe Energy	Pair Corr
0.61	FDY	Faraday Copper Corp	Pair Corr

Moving against Orbit Stock

0.6	ORE	Orezone Gold Corp	Pair Corr
0.53	INFM	Infinico Metals Corp	Pair Corr
0.39	VZ	Verizon Communications	Pair Corr

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

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

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

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Orbit Roic vs Book Value Per Share Analysis

Roic vs Book Value Per Share

Roic vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Roic

Book Value Per Share

Orbit Garant fundamental ratios Correlations

Orbit Garant Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Orbit Garant fundamental ratios Accounts

Pair Trading with Orbit Garant

Moving together with Orbit Stock

Moving against Orbit Stock

Other Information on Investing in Orbit Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 0.99	Short Long Term Debt Total
Common Stock	+ 0.99	Common Stock Shares Outstanding
Common Stock	+ 0.98	Common Stock Total Equity
Total Liab	+ 0.97	Short Long Term Debt Total
Total Liab	+ 0.96	Net Debt

Common Stock	- 0.93	Intangible Assets
Intangible Assets	- 0.91	Common Stock Total Equity
Intangible Assets	- 0.89	Common Stock Shares Outstanding
Intangible Assets	- 0.82	Inventory
Intangible Assets	- 0.78	Good Will
Inventory	- 0.77	Current Deferred Revenue