Acadian Capex To Depreciation vs Inventory Turnover Analysis

ADN Stock  CAD 18.10  0.03  0.17%   
Acadian Timber financial indicator trend analysis is way more than just evaluating Acadian Timber Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Acadian Timber Corp is a good investment. Please check the relationship between Acadian Timber Capex To Depreciation and its Inventory Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acadian Timber Corp. 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 Inventory Turnover

Capex To Depreciation vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Acadian Timber Corp Capex To Depreciation account and Inventory Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
Capex To DepreciationInventory TurnoverDiversified AwayCapex To DepreciationInventory TurnoverDiversified Away100%
The correlation between Acadian Timber's Capex To Depreciation and Inventory Turnover is -0.27. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Acadian Timber Corp, assuming nothing else is changed. The correlation between historical values of Acadian Timber's Capex To Depreciation and Inventory Turnover 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 Acadian Timber Corp are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Capex To Depreciation i.e., Acadian Timber's Capex To Depreciation and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Most indicators from Acadian Timber's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Acadian Timber Corp 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 Acadian Timber Corp. 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.
As of the 12th of December 2024, Selling General Administrative is likely to drop to about 7.9 M. In addition to that, Tax Provision is likely to drop to about 9.1 M
 2021 2022 2023 2024 (projected)
Gross Profit30.8M27.6M29.6M30.0M
Total Revenue95.7M90.5M93.5M88.2M

Acadian Timber fundamental ratios Correlations

0.550.860.260.980.110.790.860.50.161.00.16-0.040.080.820.21-0.290.97-0.340.50.32-0.180.79-0.390.170.5
0.550.450.060.510.020.520.450.260.010.570.010.090.020.540.02-0.060.57-0.110.070.08-0.080.430.050.030.34
0.860.450.270.93-0.020.580.840.350.160.860.160.030.110.580.1-0.310.73-0.470.460.23-0.120.66-0.280.10.55
0.260.060.270.24-0.040.320.230.27-0.130.26-0.13-0.29-0.01-0.28-0.03-0.010.26-0.090.07-0.02-0.020.490.18-0.030.22
0.980.510.930.240.040.690.870.410.230.970.23-0.010.060.750.15-0.30.89-0.410.540.28-0.130.72-0.320.120.55
0.110.02-0.02-0.040.040.370.40.08-0.550.1-0.550.470.780.210.950.060.180.320.080.9-0.890.15-0.490.87-0.78
0.790.520.580.320.690.370.720.41-0.40.81-0.40.00.220.680.41-0.210.86-0.090.00.49-0.360.61-0.490.370.16
0.860.450.840.230.870.40.720.45-0.090.86-0.090.20.530.670.52-0.370.8-0.360.410.56-0.570.67-0.560.560.23
0.50.260.350.270.410.080.410.450.00.50.00.060.080.410.12-0.210.57-0.150.230.17-0.120.68-0.360.150.23
0.160.010.16-0.130.23-0.55-0.4-0.090.00.121.0-0.18-0.430.15-0.49-0.010.08-0.240.72-0.470.470.130.34-0.490.55
1.00.570.860.260.970.10.810.860.50.120.12-0.050.080.820.2-0.280.97-0.330.450.32-0.180.78-0.40.170.51
0.160.010.16-0.130.23-0.55-0.4-0.090.01.00.12-0.18-0.430.15-0.49-0.010.08-0.240.72-0.470.470.130.34-0.490.55
-0.040.090.03-0.29-0.010.470.00.20.06-0.18-0.05-0.180.490.090.45-0.18-0.07-0.020.130.48-0.46-0.10.110.54-0.41
0.080.020.11-0.010.060.780.220.530.08-0.430.08-0.430.490.10.85-0.290.09-0.090.080.72-0.960.11-0.480.96-0.5
0.820.540.58-0.280.750.210.680.670.410.150.820.150.090.10.28-0.250.85-0.190.380.36-0.210.55-0.540.240.3
0.210.020.1-0.030.150.950.410.520.12-0.490.2-0.490.450.850.28-0.230.260.020.180.96-0.950.21-0.570.93-0.66
-0.29-0.06-0.31-0.01-0.30.06-0.21-0.37-0.21-0.01-0.28-0.01-0.18-0.29-0.25-0.23-0.250.92-0.17-0.290.27-0.090.2-0.3-0.29
0.970.570.730.260.890.180.860.80.570.080.970.08-0.070.090.850.26-0.25-0.240.420.36-0.230.81-0.450.220.42
-0.34-0.11-0.47-0.09-0.410.32-0.09-0.36-0.15-0.24-0.33-0.24-0.02-0.09-0.190.020.92-0.24-0.29-0.070.04-0.160.04-0.04-0.54
0.50.070.460.070.540.080.00.410.230.720.450.720.130.080.380.18-0.170.42-0.290.23-0.130.490.00.090.21
0.320.080.23-0.020.280.90.490.560.17-0.470.32-0.470.480.720.360.96-0.290.36-0.070.23-0.850.26-0.530.84-0.58
-0.18-0.08-0.12-0.02-0.13-0.89-0.36-0.57-0.120.47-0.180.47-0.46-0.96-0.21-0.950.27-0.230.04-0.13-0.85-0.20.53-0.980.56
0.790.430.660.490.720.150.610.670.680.130.780.13-0.10.110.550.21-0.090.81-0.160.490.26-0.2-0.30.160.34
-0.390.05-0.280.18-0.32-0.49-0.49-0.56-0.360.34-0.40.340.11-0.48-0.54-0.570.2-0.450.040.0-0.530.53-0.3-0.560.16
0.170.030.1-0.030.120.870.370.560.15-0.490.17-0.490.540.960.240.93-0.30.22-0.040.090.84-0.980.16-0.56-0.56
0.50.340.550.220.55-0.780.160.230.230.550.510.55-0.41-0.50.3-0.66-0.290.42-0.540.21-0.580.560.340.16-0.56
Click cells to compare fundamentals

Acadian Timber Account Relationship Matchups

Acadian Timber fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets498.7M513.4M516.6M547.8M568.0M421.5M
Short Long Term Debt Total100.9M202.1M100.9M107.9M105.5M103.6M
Other Current Liab4.6M4.7M4.8M4.9M5.0M4.0M
Total Current Liabilities114.9M13.5M13.6M16.1M14.4M22.2M
Total Stockholder Equity286.7M293.2M291.5M303.7M319.0M238.9M
Property Plant And Equipment Net91.6M99.9M99.2M88.0M533.7M560.4M
Net Debt93.3M90.9M93.6M101.7M103.7M86.4M
Retained Earnings83.9M86.6M86.0M102.0M111.6M117.2M
Accounts Payable9.2M8.6M8.8M11.2M9.4M7.8M
Cash7.6M10.3M7.3M6.2M1.8M1.7M
Non Current Assets Total475.7M494.0M499.4M531.5M539.8M398.6M
Cash And Short Term Investments7.6M10.3M7.3M6.2M1.8M1.7M
Net Receivables2.2M8.1M104K8.3M11.0M11.5M
Common Stock Shares Outstanding16.7M16.7M16.7M16.8M17.1M18.1M
Liabilities And Stockholders Equity498.7M513.4M516.6M547.8M568.0M421.5M
Non Current Liabilities Total97.1M206.7M211.5M228.0M234.6M160.4M
Inventory1.5M957K1.5M1.9M15.3M16.1M
Other Stockholder Equity63.4M67.2M66.1M27.6M24.9M23.6M
Total Liab212.0M220.2M225.2M244.1M249.0M182.6M
Property Plant And Equipment Gross91.6M99.9M103.3M92.5M95.6M99.5M
Total Current Assets23.0M19.4M17.3M16.3M28.1M22.9M
Accumulated Other Comprehensive Income63.4M67.2M66.1M59.0M59.7M35.2M
Other Current Assets11.6M7.7M8.4M8.3M9.3M6.1M
Non Currrent Assets Other378.0M388.0M394.1M437.4M1.00.95
Other Liab97.1M105.5M110.6M120.1M138.1M93.7M
Net Tangible Assets280.6M287.1M285.3M297.6M342.2M290.8M
Long Term Debt0.0101.2M100.9M107.9M105.5M96.0M
Property Plant Equipment469.6M487.9M493.2M525.4M604.2M477.1M
Long Term Debt Total0.0101.2M100.9M107.9M124.1M95.5M
Cash And Equivalents22.3M7.6M10.3M7.3M6.6M12.1M
Net Invested Capital387.6M394.4M392.4M411.7M424.5M434.1M
Net Working Capital(91.9M)5.9M3.6M222K13.8M14.5M

Pair Trading with Acadian Timber

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

Moving together with Acadian Stock

  0.76AG First Majestic SilverPairCorr
  0.68IE Ivanhoe EnergyPairCorr

Moving against Acadian Stock

  0.34INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to Acadian Timber could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acadian Timber 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 Acadian Timber - 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 Acadian Timber Corp to buy it.
The correlation of Acadian Timber 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 Acadian Timber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acadian Timber Corp 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 Acadian Timber 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 Acadian Stock

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