Gildan Historical Cash Flow
| GIL Stock | CAD 64.37 0.25 0.39% |
Analysis of Gildan Activewear cash flow over time is an excellent tool to project Gildan Activewear future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Begin Period Cash Flow of 84.3 M or Depreciation of 85.2 M as it is a great indicator of Gildan Activewear ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Gildan Activewear latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Gildan Activewear is a good buy for the upcoming year.
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About Gildan Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Gildan balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Gildan's non-liquid assets can be easily converted into cash.
Gildan Activewear Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Capital Expenditures
Capital Expenditures are funds used by Gildan Activewear to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Gildan Activewear operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from Gildan Activewear's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Gildan Activewear current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gildan Activewear. 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. To learn how to invest in Gildan Stock, please use our How to Invest in Gildan Activewear guide.At this time, Gildan Activewear's Change To Liabilities is very stable compared to the past year.
Gildan Activewear cash flow statement Correlations
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Gildan Activewear Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gildan Activewear cash flow statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change To Inventory | 320.4M | (33.7M) | (448.8M) | 143.2M | (20.8M) | (21.9M) | |
| Change In Cash | 441.1M | (326.0M) | (28.8M) | (60.8M) | 9.2M | 9.6M | |
| Free Cash Flow | 356.7M | 487.3M | 168.9M | 338.6M | 351.0M | 368.6M | |
| Change In Working Capital | 342.5M | (96.7M) | (307.1M) | (84.5M) | (65.9M) | (62.6M) | |
| Begin Period Cash Flow | 64.1M | 505.3M | 179.2M | 150.4M | 89.6M | 84.3M | |
| Other Cashflows From Financing Activities | (2.6M) | (2.8M) | (5.5M) | (19.5M) | (17.5M) | (18.4M) | |
| Depreciation | 147.2M | 135.4M | 124.9M | 121.6M | 138.2M | 85.2M | |
| Other Non Cash Items | 156.2M | (65.0M) | 21.9M | (61.3M) | (31.7M) | (30.1M) | |
| Capital Expenditures | 58.3M | 130.2M | 244.6M | 208.0M | 150.4M | 124.4M | |
| Total Cash From Operating Activities | 415.0M | 617.5M | 413.5M | 546.6M | 501.4M | 276.0M | |
| Net Income | (225.3M) | 607.2M | 541.5M | 533.6M | 400.9M | 217.9M | |
| Total Cash From Financing Activities | 83.5M | (754.8M) | (258.3M) | (452.8M) | (379.4M) | (360.4M) | |
| End Period Cash Flow | 505.3M | 179.2M | 150.4M | 89.6M | 98.8M | 87.3M | |
| Sale Purchase Of Stock | (25.8M) | (249.4M) | (457.4M) | (386.7M) | (783.3M) | (744.1M) | |
| Dividends Paid | 30.6M | 90.5M | 123.8M | 131.8M | (133.5M) | (126.8M) | |
| Stock Based Compensation | 2.1M | 37.7M | 32.4M | 27.0M | 64.5M | 67.8M | |
| Change To Account Receivables | 125.2M | (135.1M) | 77.9M | (161.9M) | (134.4M) | (127.7M) | |
| Net Borrowings | 162.5M | 139.6M | (421.5M) | 313.4M | 282.1M | 296.2M | |
| Total Cashflows From Investing Activities | (135.8M) | (57.5M) | (187.8M) | (182.4M) | (209.8M) | (220.3M) | |
| Change To Operating Activities | (8.3M) | (34.8M) | (19.0M) | 29.9M | 26.9M | 28.3M | |
| Other Cashflows From Investing Activities | 4.5M | 830K | 106.4M | 62.2M | 71.5M | 75.0M | |
| Change To Netincome | 18.8M | 150.6M | (28.3M) | 54.1M | 48.7M | 34.9M | |
| Change To Liabilities | 49.6M | (62.5M) | 78.5M | 35.5M | 40.8M | 42.8M | |
| Investments | (57.5M) | (187.8M) | (182.4M) | (154.9M) | (112.1M) | (117.7M) | |
| Issuance Of Capital Stock | 2.9M | 9.4M | 15.0M | 55.1M | 6.9M | 6.5M |
Pair Trading with Gildan Activewear
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 Gildan Activewear 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 Gildan Activewear will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Gildan Activewear could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gildan Activewear 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 Gildan Activewear - 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 Gildan Activewear to buy it.
The correlation of Gildan Activewear 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 Gildan Activewear moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gildan Activewear 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 Gildan Activewear 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gildan Activewear. 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. To learn how to invest in Gildan Stock, please use our How to Invest in Gildan Activewear guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.