Autocanada Capex To Depreciation vs Ev To Sales Analysis

ACQ Stock

CAD 18.79 0.04 0.21%

Autocanada financial indicator trend analysis is way more than just evaluating Autocanada prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Autocanada is a good investment. Please check the relationship between Autocanada Capex To Depreciation and its Ev To Sales accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Autocanada. 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.

Capex To Depreciation vs Ev To Sales

Capex To Depreciation vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Autocanada Capex To Depreciation account and Ev To Sales. At this time, the significance of the direction appears to have strong relationship.

The correlation between Autocanada's Capex To Depreciation and Ev To Sales is 0.65. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Autocanada, assuming nothing else is changed. The correlation between historical values of Autocanada's Capex To Depreciation and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Autocanada are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Capex To Depreciation i.e., Autocanada's Capex To Depreciation and Ev To Sales go up and down completely randomly.

Correlation Coefficient

0.65

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Most indicators from Autocanada's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Autocanada 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Autocanada. 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, Autocanada's Selling General Administrative is very stable compared to the past year. As of the 1st of December 2024, Issuance Of Capital Stock is likely to grow to about 26.6 M, while Tax Provision is likely to drop about 21.3 M.

	2021	2022	2023	2024 (projected)
Interest Expense	56.9M	92.8M	147.2M	154.5M
Depreciation And Amortization	43.7M	52.0M	59.0M	62.0M

Interest Expense Depreciation And Amortization

Autocanada fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	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	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.99	0.51	0.99	0.75	0.98	0.99	0.59	0.64	0.99	0.18	0.64	0.96	0.7	0.81	0.75	0.98	0.99	0.16	-0.73	1.0	0.97	0.99	0.98	0.99	0.71
Short Long Term Debt Total	0.99		0.48	0.99	0.68	0.98	1.0	0.57	0.62	0.99	0.1	0.62	0.97	0.68	0.77	0.71	0.99	0.98	0.09	-0.75	1.0	0.98	0.98	0.99	0.97	0.67
Other Current Liab	0.51	0.48		0.48	0.53	0.54	0.47	0.51	0.51	0.54	0.23	0.51	0.41	0.6	0.33	0.52	0.52	0.43	0.37	-0.55	0.51	0.55	0.47	0.4	0.5	0.23
Total Current Liabilities	0.99	0.99	0.48		0.73	0.96	0.99	0.55	0.61	0.98	0.13	0.61	0.96	0.68	0.81	0.74	0.97	0.99	0.19	-0.7	0.99	0.95	1.0	0.99	0.97	0.72
Total Stockholder Equity	0.75	0.68	0.53	0.73		0.68	0.67	0.3	0.68	0.73	0.59	0.68	0.6	0.44	0.92	0.81	0.65	0.75	0.41	-0.34	0.69	0.65	0.76	0.71	0.8	0.85
Property Plant And Equipment Net	0.98	0.98	0.54	0.96	0.68		0.98	0.57	0.69	0.99	0.14	0.69	0.93	0.66	0.74	0.73	0.99	0.94	0.05	-0.74	0.98	1.0	0.94	0.95	0.95	0.65
Net Debt	0.99	1.0	0.47	0.99	0.67	0.98		0.57	0.6	0.98	0.07	0.6	0.98	0.69	0.76	0.71	0.99	0.98	0.09	-0.75	1.0	0.97	0.98	0.99	0.97	0.66
Retained Earnings	0.59	0.57	0.51	0.55	0.3	0.57	0.57		0.25	0.61	-0.14	0.25	0.66	0.8	0.13	0.09	0.64	0.52	0.05	-0.88	0.6	0.63	0.55	0.49	0.58	-0.03
Cash	0.64	0.62	0.51	0.61	0.68	0.69	0.6	0.25		0.67	0.63	1.0	0.47	0.18	0.7	0.66	0.63	0.57	0.1	-0.39	0.62	0.67	0.6	0.59	0.65	0.62
Non Current Assets Total	0.99	0.99	0.54	0.98	0.73	0.99	0.98	0.61	0.67		0.18	0.67	0.95	0.72	0.77	0.74	0.99	0.96	0.08	-0.76	0.99	0.99	0.96	0.96	0.99	0.68
Non Currrent Assets Other	0.18	0.1	0.23	0.13	0.59	0.14	0.07	-0.14	0.63	0.18		0.63	-0.03	-0.18	0.53	0.54	0.07	0.15	0.27	0.09	0.1	0.1	0.17	0.13	0.25	0.59
Cash And Short Term Investments	0.64	0.62	0.51	0.61	0.68	0.69	0.6	0.25	1.0	0.67	0.63		0.47	0.18	0.7	0.66	0.63	0.57	0.1	-0.39	0.62	0.67	0.6	0.59	0.65	0.62
Net Receivables	0.96	0.97	0.41	0.96	0.6	0.93	0.98	0.66	0.47	0.95	-0.03	0.47		0.77	0.67	0.59	0.97	0.95	0.02	-0.83	0.97	0.94	0.95	0.96	0.94	0.55
Good Will	0.7	0.68	0.6	0.68	0.44	0.66	0.69	0.8	0.18	0.72	-0.18	0.18	0.77		0.31	0.32	0.73	0.67	-0.01	-0.77	0.71	0.69	0.67	0.63	0.71	0.18
Common Stock Total Equity	0.81	0.77	0.33	0.81	0.92	0.74	0.76	0.13	0.7	0.77	0.53	0.7	0.67	0.31		0.86	0.71	0.84	0.33	-0.29	0.77	0.7	0.83	0.83	0.83	0.96
Common Stock Shares Outstanding	0.75	0.71	0.52	0.74	0.81	0.73	0.71	0.09	0.66	0.74	0.54	0.66	0.59	0.32	0.86		0.68	0.74	0.27	-0.29	0.72	0.69	0.74	0.73	0.77	0.88
Non Current Liabilities Total	0.98	0.99	0.52	0.97	0.65	0.99	0.99	0.64	0.63	0.99	0.07	0.63	0.97	0.73	0.71	0.68		0.95	0.01	-0.81	0.99	0.99	0.95	0.95	0.96	0.59
Inventory	0.99	0.98	0.43	0.99	0.75	0.94	0.98	0.52	0.57	0.96	0.15	0.57	0.95	0.67	0.84	0.74	0.95		0.19	-0.67	0.98	0.93	1.0	0.99	0.97	0.75
Other Current Assets	0.16	0.09	0.37	0.19	0.41	0.05	0.09	0.05	0.1	0.08	0.27	0.1	0.02	-0.01	0.33	0.27	0.01	0.19		0.11	0.11	0.03	0.25	0.16	0.12	0.35
Other Stockholder Equity	-0.73	-0.75	-0.55	-0.7	-0.34	-0.74	-0.75	-0.88	-0.39	-0.76	0.09	-0.39	-0.83	-0.77	-0.29	-0.29	-0.81	-0.67	0.11		-0.76	-0.79	-0.68	-0.67	-0.71	-0.11
Total Liab	1.0	1.0	0.51	0.99	0.69	0.98	1.0	0.6	0.62	0.99	0.1	0.62	0.97	0.71	0.77	0.72	0.99	0.98	0.11	-0.76		0.98	0.98	0.98	0.97	0.66
Property Plant And Equipment Gross	0.97	0.98	0.55	0.95	0.65	1.0	0.97	0.63	0.67	0.99	0.1	0.67	0.94	0.69	0.7	0.69	0.99	0.93	0.03	-0.79	0.98		0.93	0.94	0.95	0.6
Total Current Assets	0.99	0.98	0.47	1.0	0.76	0.94	0.98	0.55	0.6	0.96	0.17	0.6	0.95	0.67	0.83	0.74	0.95	1.0	0.25	-0.68	0.98	0.93		0.99	0.97	0.74
Short Term Debt	0.98	0.99	0.4	0.99	0.71	0.95	0.99	0.49	0.59	0.96	0.13	0.59	0.96	0.63	0.83	0.73	0.95	0.99	0.16	-0.67	0.98	0.94	0.99		0.96	0.74
Intangible Assets	0.99	0.97	0.5	0.97	0.8	0.95	0.97	0.58	0.65	0.99	0.25	0.65	0.94	0.71	0.83	0.77	0.96	0.97	0.12	-0.71	0.97	0.95	0.97	0.96		0.75
Common Stock	0.71	0.67	0.23	0.72	0.85	0.65	0.66	-0.03	0.62	0.68	0.59	0.62	0.55	0.18	0.96	0.88	0.59	0.75	0.35	-0.11	0.66	0.6	0.74	0.74	0.75

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Autocanada Account Relationship Matchups

Autocanada fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	1.9B	2.3B	2.9B	3.2B	3.3B
Short Long Term Debt Total	1.4B	1.3B	1.4B	2.0B	2.2B	2.3B
Other Current Liab	46.7M	91.0M	125.3M	186.7M	124.3M	76.3M
Total Current Liabilities	1.0B	942.9M	953.4M	1.3B	1.5B	1.6B
Total Stockholder Equity	353.6M	341.9M	493.4M	457.9M	534.8M	330.5M
Property Plant And Equipment Net	500.9M	512.4M	619.1M	742.0M	783.4M	822.5M
Net Debt	1.4B	1.2B	1.3B	1.9B	2.1B	2.2B
Retained Earnings	(157.3M)	(160.6M)	3.1M	89.4M	139.9M	146.9M
Cash	55.6M	107.7M	102.5M	108.3M	103.1M	65.8M
Non Current Assets Total	953.4M	964.9M	1.3B	1.5B	1.6B	1.7B
Non Currrent Assets Other	5.0M	14.3M	17.2M	22.3M	2.2M	2.1M
Cash And Short Term Investments	55.6M	107.7M	102.5M	108.3M	103.1M	65.8M
Net Receivables	136.8M	118.7M	133.0M	217.9M	244.4M	256.6M
Good Will	24.1M	25.7M	51.0M	78.1M	98.3M	103.2M
Common Stock Total Equity	508.8M	509.5M	509.9M	508.1M	584.3M	441.9M
Common Stock Shares Outstanding	27.4M	27.4M	27.3M	29.3M	24.5M	26.2M
Liabilities And Stockholders Equity	2.0B	1.9B	2.3B	2.9B	3.2B	3.3B
Non Current Liabilities Total	608.8M	594.7M	785.8M	1.1B	1.1B	1.2B
Inventory	821.5M	699.2M	737.3M	979.5M	1.2B	1.2B
Other Current Assets	22.7M	29K	9.5M	44K	37.9M	22.4M
Other Stockholder Equity	6.5M	10.0M	(9.3M)	(65.4M)	(47.7M)	(45.3M)
Total Liab	1.6B	1.5B	1.7B	2.4B	2.6B	2.7B
Property Plant And Equipment Gross	500.9M	512.4M	706.3M	846.7M	897.3M	942.2M
Total Current Assets	1.0B	935.5M	982.3M	1.3B	1.5B	1.6B
Short Term Debt	853.5M	786.1M	734.2M	1.0B	1.2B	1.3B
Intangible Assets	410.3M	399.6M	548.2M	659.3M	682.1M	716.2M
Common Stock	509.9M	508.1M	510.8M	433.7M	434.6M	456.6M
Accounts Payable	84.8M	65.8M	94.0M	89.8M	75.1M	51.1M
Accumulated Other Comprehensive Income	(5.5M)	(15.7M)	(11.3M)	213K	8.0M	8.4M
Current Deferred Revenue	28.7M	50.2M	76.7M	98.8M	113.7M	119.4M
Other Liab	30.1M	11.5M	64.4M	60.9M	70.0M	50.4M
Net Tangible Assets	(80.8M)	(83.5M)	(105.8M)	(279.4M)	(251.5M)	(238.9M)
Other Assets	18.1M	27.1M	58.1M	62.3M	71.7M	75.3M
Long Term Debt	213.3M	197.2M	286.6M	554.4M	562.2M	338.7M
Short Long Term Debt	832.3M	762.0M	708.6M	993.0M	1.2B	681.8M
Property Plant Equipment	500.9M	512.4M	619.1M	742.0M	853.3M	431.3M
Long Term Debt Total	572.6M	561.5M	713.8M	1.0B	1.2B	1.2B
Capital Surpluse	6.5M	10.0M	(6.8M)	(64.7M)	(58.3M)	(55.4M)

Pair Trading with Autocanada

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

Moving against Autocanada Stock

0.6	AEMC	Alaska Energy Metals	Pair Corr
0.57	CMC	Cielo Waste Solutions	Pair Corr
0.46	EOG	Eco Atlantic Oil	Pair Corr

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

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

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

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Autocanada Capex To Depreciation vs Ev To Sales Analysis

Capex To Depreciation vs Ev To Sales

Capex To Depreciation vs Ev To Sales Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Ev To Sales

Autocanada fundamental ratios Correlations

Autocanada Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Autocanada fundamental ratios Accounts

Pair Trading with Autocanada

Moving against Autocanada Stock

Other Information on Investing in Autocanada Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Total Current Assets	+ 1.0	Total Current Liabilities
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Net Debt

Other Stockholder Equity	- 0.88	Retained Earnings
Other Stockholder Equity	- 0.83	Net Receivables
Other Stockholder Equity	- 0.81	Non Current Liabilities Total
Property Plant And Equipment Gross	- 0.79	Other Stockholder Equity
Other Stockholder Equity	- 0.77	Good Will
Total Liab	- 0.76	Other Stockholder Equity