Sir Royalty Income Stock Working Capital
| SRV-UN Stock | CAD 12.65 0.15 1.20% |
SIR Royalty Income fundamentals help investors to digest information that contributes to SIR Royalty's financial success or failures. It also enables traders to predict the movement of SIR Stock. The fundamental analysis module provides a way to measure SIR Royalty's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to SIR Royalty stock.
| Last Reported | Projected for Next Year | ||
| Net Working Capital | 771.3 K | 926.2 K | |
| Change In Working Capital | 545.5 K | 572.8 K |
SIR | Working Capital |
SIR Royalty Income Company Working Capital Analysis
SIR Royalty's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
SIR Working Capital Driver Correlations
Understanding the fundamental principles of building solid financial models for SIR Royalty is extremely important. It helps to project a fair market value of SIR Stock properly, considering its historical fundamentals such as Working Capital. Since SIR Royalty's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of SIR Royalty's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of SIR Royalty's interrelated accounts and indicators.
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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
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SIR Net Invested Capital
Net Invested Capital |
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Based on the company's disclosures, SIR Royalty Income has a Working Capital of 0.0. This is 100.0% lower than that of the Hotels, Restaurants & Leisure sector and 100.0% lower than that of the Consumer Discretionary industry. The working capital for all Canada stocks is 100.0% higher than that of the company.
SIR Working Capital Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SIR Royalty's direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of SIR Royalty could also be used in its relative valuation, which is a method of valuing SIR Royalty by comparing valuation metrics of similar companies.SIR Royalty is currently under evaluation in working capital category among its peers.
SIR Royalty Current Valuation Drivers
We derive many important indicators used in calculating different scores of SIR Royalty from analyzing SIR Royalty's financial statements. These drivers represent accounts that assess SIR Royalty's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of SIR Royalty's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 68.3M | 25.5M | 97.0M | 149.4M | 135.7M | 142.5M | |
| Enterprise Value | 68.2M | 25.5M | 95.6M | 147.2M | 135.3M | 142.1M |
SIR Fundamentals
| Return On Equity | 0.25 | ||||
| Return On Asset | 0.17 | ||||
| Profit Margin | 1.87 % | ||||
| Operating Margin | 1.65 % | ||||
| Current Valuation | 22.06 M | ||||
| Shares Outstanding | 8.38 M | ||||
| Shares Owned By Insiders | 28.32 % | ||||
| Number Of Shares Shorted | 769 | ||||
| Price To Earning | 2.40 X | ||||
| Price To Book | 1.19 X | ||||
| Price To Sales | 9.68 X | ||||
| Revenue | 23.32 M | ||||
| Gross Profit | 7.12 M | ||||
| EBITDA | 11.66 M | ||||
| Net Income | 19.11 M | ||||
| Cash And Equivalents | 304.11 K | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 42.47 K | ||||
| Current Ratio | 1.20 X | ||||
| Book Value Per Share | 10.21 X | ||||
| Cash Flow From Operations | 8.04 M | ||||
| Short Ratio | 0.96 X | ||||
| Earnings Per Share | 2.28 X | ||||
| Target Price | 10.5 | ||||
| Beta | 2.48 | ||||
| Market Capitalization | 108.46 M | ||||
| Total Asset | 90.96 M | ||||
| Retained Earnings | (10.69 M) | ||||
| Annual Yield | 0.09 % | ||||
| Five Year Return | 12.06 % | ||||
| Net Asset | 90.96 M |
About SIR Royalty Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SIR Royalty Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SIR Royalty using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SIR Royalty Income based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with SIR Royalty
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 SIR Royalty 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 SIR Royalty will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to SIR Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SIR Royalty 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 SIR Royalty - 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 SIR Royalty Income to buy it.
The correlation of SIR Royalty 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 SIR Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SIR Royalty Income 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 SIR Royalty 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.Other Information on Investing in SIR Stock
SIR Royalty financial ratios help investors to determine whether SIR Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SIR with respect to the benefits of owning SIR Royalty security.