Terravest Roe vs Days Of Inventory On Hand Analysis

TVK Stock  CAD 126.08  3.06  2.49%   
Terravest Capital financial indicator trend analysis is much more than just breaking down Terravest Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Terravest Capital is a good investment. Please check the relationship between Terravest Capital Roe and its Days Of Inventory On Hand accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Terravest Capital. 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.

Roe vs Days Of Inventory On Hand

Roe vs Days Of Inventory On Hand Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Terravest Capital Roe account and Days Of Inventory On Hand. At this time, the significance of the direction appears to have strong relationship.
RoeDays Of Inventory On HandDiversified AwayRoeDays Of Inventory On HandDiversified Away100%
The correlation between Terravest Capital's Roe and Days Of Inventory On Hand is 0.6. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Days Of Inventory On Hand in the same time period over historical financial statements of Terravest Capital, assuming nothing else is changed. The correlation between historical values of Terravest Capital's Roe and Days Of Inventory On Hand is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of Terravest Capital are associated (or correlated) with its Days Of Inventory On Hand. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Of Inventory On Hand has no effect on the direction of Roe i.e., Terravest Capital's Roe and Days Of Inventory On Hand go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Roe

Days Of Inventory On Hand

Most indicators from Terravest Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Terravest Capital 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Terravest Capital. 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, Terravest Capital's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Tax Provision is likely to grow to about 21.3 M, while Sales General And Administrative To Revenue is likely to drop 0.07.
 2021 2022 2023 2024 (projected)
Interest Expense9M15.9M18.3M19.2M
Depreciation And Amortization35.3M39.9M45.9M48.2M

Terravest Capital fundamental ratios Correlations

0.990.690.970.980.990.980.890.980.781.00.780.990.230.580.460.961.00.96-0.81.00.981.00.760.550.67
0.990.720.940.950.991.00.830.960.760.990.760.970.160.640.540.980.990.96-0.751.00.970.990.720.570.73
0.690.720.570.630.650.740.640.640.380.70.380.620.440.490.320.780.730.67-0.720.710.670.680.270.50.52
0.970.940.570.950.960.930.850.970.760.960.760.980.140.560.460.870.950.97-0.730.960.960.970.90.470.65
0.980.950.630.950.960.930.930.970.810.980.810.970.330.480.360.910.970.92-0.840.960.960.980.760.510.6
0.990.990.650.960.960.980.840.960.810.990.810.980.120.630.480.960.980.95-0.740.990.990.990.770.510.7
0.981.00.740.930.930.980.830.960.720.980.720.970.170.630.520.990.990.96-0.761.00.970.980.710.570.71
0.890.830.640.850.930.840.830.90.630.890.630.860.60.210.060.810.890.82-0.970.850.870.880.610.360.32
0.980.960.640.970.970.960.960.90.680.980.680.990.270.50.390.920.980.96-0.810.970.970.980.790.510.59
0.780.760.380.760.810.810.720.630.680.781.00.76-0.020.630.540.710.740.71-0.490.760.760.780.680.450.73
1.00.990.70.960.980.990.980.890.980.780.780.980.250.570.440.960.990.94-0.810.990.980.990.740.560.67
0.780.760.380.760.810.810.720.630.681.00.780.76-0.020.630.540.710.740.71-0.490.760.760.780.680.450.73
0.990.970.620.980.970.980.970.860.990.760.980.760.180.570.480.930.980.97-0.760.980.980.990.810.540.68
0.230.160.440.140.330.120.170.60.27-0.020.25-0.020.18-0.42-0.460.20.260.16-0.730.180.160.21-0.090.12-0.3
0.580.640.490.560.480.630.630.210.50.630.570.630.57-0.420.770.630.560.59-0.10.620.590.580.490.550.91
0.460.540.320.460.360.480.520.060.390.540.440.540.48-0.460.770.510.440.560.060.510.410.470.470.620.86
0.960.980.780.870.910.960.990.810.920.710.960.710.930.20.630.510.970.91-0.760.980.940.960.590.60.71
1.00.990.730.950.970.980.990.890.980.740.990.740.980.260.560.440.970.96-0.830.990.981.00.730.530.64
0.960.960.670.970.920.950.960.820.960.710.940.710.970.160.590.560.910.96-0.730.960.940.970.840.510.67
-0.8-0.75-0.72-0.73-0.84-0.74-0.76-0.97-0.81-0.49-0.81-0.49-0.76-0.73-0.10.06-0.76-0.83-0.73-0.77-0.78-0.79-0.45-0.27-0.19
1.01.00.710.960.960.991.00.850.970.760.990.760.980.180.620.510.980.990.96-0.770.980.990.740.570.7
0.980.970.670.960.960.990.970.870.970.760.980.760.980.160.590.410.940.980.94-0.780.980.980.780.440.64
1.00.990.680.970.980.990.980.880.980.780.990.780.990.210.580.470.961.00.97-0.790.990.980.770.540.68
0.760.720.270.90.760.770.710.610.790.680.740.680.81-0.090.490.470.590.730.84-0.450.740.780.770.30.57
0.550.570.50.470.510.510.570.360.510.450.560.450.540.120.550.620.60.530.51-0.270.570.440.540.30.75
0.670.730.520.650.60.70.710.320.590.730.670.730.68-0.30.910.860.710.640.67-0.190.70.640.680.570.75
Click cells to compare fundamentals

Terravest Capital Account Relationship Matchups

Terravest Capital fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets319.6M406.3M614.5M652.9M750.9M788.4M
Short Long Term Debt Total140.1M190.6M275.9M269.0M309.4M324.9M
Other Current Liab14.0M57.1M39.9M33.0M38.0M19.4M
Total Current Liabilities56.3M80.3M136.9M191.0M219.6M230.6M
Total Stockholder Equity125.9M132.1M183.6M217.1M249.6M262.1M
Property Plant And Equipment Net108.8M113.7M190.1M202.9M233.3M244.9M
Net Debt112.7M182.3M266.5M244.3M280.9M295.0M
Retained Earnings(59.4M)(29.8M)9.5M44.6M51.2M53.8M
Accounts Payable12.5M25.0M45.1M48.8M56.1M58.9M
Cash27.5M8.4M9.4M24.8M28.5M29.9M
Non Current Assets Total159.0M188.9M292.4M289.7M333.2M349.9M
Cash And Short Term Investments27.5M8.4M9.4M24.8M28.5M29.9M
Net Receivables45.4M63.6M111.7M128.3M147.5M154.9M
Good Will12.7M30.1M24.2M24.0M21.6M14.0M
Common Stock Shares Outstanding19.0M18.4M18.1M18.1M20.8M19.5M
Liabilities And Stockholders Equity319.6M406.3M614.5M652.9M750.9M788.4M
Non Current Liabilities Total137.1M194.0M281.7M224.2M257.8M270.7M
Inventory84.0M136.9M191.2M197.2M226.8M238.2M
Other Current Assets3.8M8.6M9.8M12.9M14.8M15.6M
Other Stockholder Equity35.2M21.0M20.4M18.8M16.9M16.1M
Total Liab193.5M274.3M418.6M415.2M477.4M501.3M
Property Plant And Equipment Gross108.8M181.2M282.5M322.1M370.4M388.9M
Total Current Assets160.6M217.4M322.2M363.2M417.7M438.5M
Short Term Debt11.2M10.3M19.8M65.2M74.9M78.7M
Intangible Assets21.4M16.9M36.5M29.7M26.7M16.2M
Common Stock149.3M141.7M150.5M150.1M172.6M147.8M
Accumulated Other Comprehensive Income393K(1.2M)2.3M3.6M4.2M4.4M
Current Deferred Revenue15.9M15.0M29.8M34.6M39.8M41.8M
Non Currrent Assets Other150K6.1M5.9M6.9M6.2M6.5M
Other Liab8.4M8.2M13.7M25.6M29.5M30.9M
Net Tangible Assets62.9M91.9M85.1M122.8M141.2M77.5M
Other Assets8.8M8.7M(1K)28.1M32.3M34.0M
Long Term Debt98.4M154.2M228.5M176.5M203.0M110.2M
Short Long Term Debt6.9M5.6M14.8M59.1M68.0M71.4M
Property Plant Equipment74.5M108.8M113.7M190.1M218.6M229.5M
Long Term Debt Total107.4M128.9M180.3M256.1M294.5M309.3M
Capital Surpluse36.5M35.2M21.0M20.4M18.4M28.9M
Long Term Investments7.5M10M13.4M15.2M17.5M18.4M
Net Invested Capital231.2M291.9M426.8M452.7M520.6M310.7M

Pair Trading with Terravest Capital

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 Terravest Capital 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 Terravest Capital will appreciate offsetting losses from the drop in the long position's value.

Moving together with Terravest Stock

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  0.85ENS E Split CorpPairCorr
  0.84ENS-PA E Split CorpPairCorr

Moving against Terravest Stock

  0.43VZ Verizon CommunicationsPairCorr
  0.35SAGE Sage Potash CorpPairCorr
The ability to find closely correlated positions to Terravest Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Terravest Capital 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 Terravest Capital - 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 Terravest Capital to buy it.
The correlation of Terravest Capital 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 Terravest Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Terravest Capital 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 Terravest Capital 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 CorrelationCorrelation Matching

Other Information on Investing in Terravest Stock

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