Cogeco Return On Asset vs. Cash And Equivalents

CGO Stock  CAD 57.66  0.38  0.66%   
Considering Cogeco's profitability and operating efficiency indicators, Cogeco Inc is yielding more profit at this time then in previous quarter. It has a moderate probability of reporting better profitability numbers in January. Profitability indicators assess Cogeco's ability to earn profits and add value for shareholders. At this time, Cogeco's Days Sales Outstanding is very stable compared to the past year. As of the 23rd of December 2024, EV To Sales is likely to grow to 2.04, while Price To Sales Ratio is likely to drop 0.19. At this time, Cogeco's Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 23rd of December 2024, Net Income is likely to grow to about 148.8 M, while Operating Income is likely to drop about 409.2 M.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.320.2941
Significantly Up
Slightly volatile
Operating Profit Margin0.280.2526
Significantly Up
Slightly volatile
For Cogeco profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cogeco to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cogeco Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cogeco's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cogeco Inc over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Cogeco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cogeco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cogeco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Cogeco Inc Cash And Equivalents vs. Return On Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Cogeco's current stock value. Our valuation model uses many indicators to compare Cogeco value to that of its competitors to determine the firm's financial worth.
Cogeco Inc is number one stock in return on asset category among its peers. It also is number one stock in cash and equivalents category among its peers creating about  1,435,080,972  of Cash And Equivalents per Return On Asset. At this time, Cogeco's Cash And Equivalents is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Cogeco by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Cogeco's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Cogeco Cash And Equivalents vs. Return On Asset

Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Cogeco

Return On Asset

 = 

Net Income

Total Assets

 = 
0.0494
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Cogeco

Cash

 = 

Bank Deposits

+

Liquidities

 = 
70.89 M
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

Cogeco Cash And Equivalents Comparison

Cogeco is currently under evaluation in cash and equivalents category among its peers.

Cogeco Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Cogeco, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cogeco will eventually generate negative long term returns. The profitability progress is the general direction of Cogeco's change in net profit over the period of time. It can combine multiple indicators of Cogeco, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income57 M59.9 M
Operating Income776.4 M409.2 M
Income Before Tax411.2 M214.1 M
Total Other Income Expense Net-365.2 M-346.9 M
Net Income96.7 M148.8 M
Income Tax Expense61.8 M54.3 M
Net Income From Continuing Ops349.4 M336.8 M
Net Income Applicable To Common Shares81.2 M109.6 M
Interest Income10.3 M9.8 M
Net Interest Income-273.5 M-287.2 M
Change To Netincome461.3 M309.5 M
Net Income Per Share 8.63  4.74 
Income Quality 12.25  12.86 
Net Income Per E B T 0.24  0.22 

Cogeco Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Cogeco. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Cogeco position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Cogeco's important profitability drivers and their relationship over time.

Use Cogeco in pair-trading

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

Cogeco Pair Trading

Cogeco Inc Pair Trading Analysis

The ability to find closely correlated positions to Cogeco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cogeco 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 Cogeco - 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 Cogeco Inc to buy it.
The correlation of Cogeco 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 Cogeco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cogeco Inc 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 Cogeco 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

Use Investing Themes to Complement your Cogeco position

In addition to having Cogeco in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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ISP
ISP Theme
Internet Service Providers (ISP) companies and IT providers specializing in internet technologies. The ISP theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize ISP Theme or any other thematic opportunities.
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Other Information on Investing in Cogeco Stock

To fully project Cogeco's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Cogeco Inc at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Cogeco's income statement, its balance sheet, and the statement of cash flows.
Potential Cogeco investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Cogeco investors may work on each financial statement separately, they are all related. The changes in Cogeco's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cogeco's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.