Boyd Gross Profit vs Total Revenue Analysis
| BYD Stock | CAD 203.31 4.19 2.02% |
Boyd Group financial indicator trend analysis is way more than just evaluating Boyd Group Services prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boyd Group Services is a good investment. Please check the relationship between Boyd Group Gross Profit and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boyd Group Services. 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.
Gross Profit vs Total Revenue
Gross Profit vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boyd Group Services Gross Profit account and Total Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Boyd Group's Gross Profit and Total Revenue is 1.0. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Boyd Group Services, assuming nothing else is changed. The correlation between historical values of Boyd Group's Gross Profit and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Boyd Group Services are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Gross Profit i.e., Boyd Group's Gross Profit and Total Revenue go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Boyd Group Services minus its cost of goods sold. It is profit before Boyd Group operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Total Revenue
Total revenue comprises all receipts Boyd Group Services generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from Boyd Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boyd Group Services 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 Boyd Group Services. 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, Boyd Group's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 5.9 B, while Tax Provision is likely to drop about 18.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 839.3M | 1.1B | 1.5B | 1.6B | Total Revenue | 1.9B | 2.4B | 4.0B | 4.2B |
Boyd Group fundamental ratios Correlations
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Boyd Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Boyd Group fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.5B | 1.6B | 2.0B | 2.1B | 3.1B | 3.3B | |
| Short Long Term Debt Total | 897.8M | 599.4M | 985.4M | 978.1M | 1.5B | 1.6B | |
| Other Current Liab | 712.7K | 2.4M | 2.4M | 2.3M | 3.2M | 3.4M | |
| Total Current Liabilities | 308.0M | 305.6M | 367.7M | 424.3M | 622.4M | 653.5M | |
| Total Stockholder Equity | 468.4M | 710.6M | 726.4M | 746.6M | 1.1B | 1.1B | |
| Property Plant And Equipment Net | 588.2M | 619.0M | 834.2M | 883.0M | 1.4B | 1.5B | |
| Net Debt | 683.8M | 537.7M | 957.7M | 963.0M | 1.5B | 1.5B | |
| Retained Earnings | 34.1M | 71.0M | 56.7M | 88.2M | 218.1M | 229.0M | |
| Accounts Payable | 206.5M | 209.8M | 258.4M | 307.7M | 448.1M | 470.5M | |
| Cash | 27.2M | 60.9M | 27.7M | 15.1M | 29.7M | 21.6M | |
| Non Current Assets Total | 1.3B | 1.4B | 1.8B | 1.8B | 2.8B | 2.9B | |
| Non Currrent Assets Other | 2.6M | 4.4M | 5.8M | 6.1M | 318.7M | 334.6M | |
| Other Assets | 3.3M | 6.5M | 7.5M | 9.9M | 11.4M | 11.9M | |
| Cash And Short Term Investments | 27.2M | 60.9M | 27.7M | 15.1M | 29.7M | 20.0M | |
| Net Receivables | 87.3M | 92.9M | 110.6M | 144.9M | 202.4M | 212.5M | |
| Common Stock Total Equity | 443.5M | 475.4M | 511.2M | 771.9M | 887.7M | 932.1M | |
| Common Stock Shares Outstanding | 18.7M | 19.9M | 19.9M | 21.5M | 21.5M | 13.6M | |
| Liabilities And Stockholders Equity | 1.5B | 1.6B | 2.0B | 2.1B | 3.1B | 3.3B | |
| Non Current Liabilities Total | 679.0M | 552.9M | 933.0M | 931.9M | 1.4B | 1.5B | |
| Inventory | 36.7M | 32.0M | 66.8M | 78.8M | 103.6M | 108.7M | |
| Other Current Assets | 25.6M | 20.2M | 29.6M | 36.5M | 55.0M | 57.8M | |
| Other Stockholder Equity | 3.1M | 3.1M | 3.7M | 4.0M | 6.0M | 5.7M | |
| Total Liab | 987.0M | 858.5M | 1.3B | 1.4B | 2.0B | 2.2B | |
| Property Plant And Equipment Gross | 768.4M | 789.3M | 1.1B | 1.1B | 1.4B | 1.5B | |
| Total Current Assets | 176.7M | 206.1M | 234.7M | 275.3M | 390.7M | 410.2M | |
| Short Term Debt | 100.8M | 93.4M | 106.8M | 114.2M | 171.1M | 179.7M | |
| Common Stock | 349.1M | 391.4M | 605.4M | 600.0M | 791.2M | 830.8M | |
| Accumulated Other Comprehensive Income | 39.9M | 31.1M | 66.0M | 54.3M | 76.9M | 80.7M | |
| Intangible Assets | 265.9M | 276.0M | 348.7M | 332.9M | 342.8M | 359.9M | |
| Good Will | 424.6M | 463.0M | 602.0M | 601.7M | 836.0M | 877.8M | |
| Long Term Debt | 393.1M | 209.6M | 428.2M | 344.8M | 399.7M | 323.9M | |
| Long Term Debt Total | 797.0M | 506.0M | 878.6M | 863.9M | 993.4M | 542.6M | |
| Property Plant Equipment | 768.4M | 789.3M | 834.2M | 883.0M | 1.0B | 552.6M | |
| Other Liab | 90.0M | 60.8M | 54.4M | 68.1M | 61.3M | 68.0M | |
| Net Tangible Assets | (290.1M) | (36.2M) | (224.3M) | (188.0M) | (169.2M) | (177.7M) | |
| Capital Lease Obligations | 513.4M | 533.9M | 543.3M | 617.9M | 715.3M | 406.0M | |
| Short Long Term Debt | 22.1M | 19.9M | 13.9M | 15.4M | 22.0M | 18.9M |
Pair Trading with Boyd Group
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 Boyd Group 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 Boyd Group will appreciate offsetting losses from the drop in the long position's value.Moving against Boyd Stock
The ability to find closely correlated positions to Boyd Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boyd Group 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 Boyd Group - 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 Boyd Group Services to buy it.
The correlation of Boyd Group 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 Boyd Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boyd Group Services 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 Boyd Group 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 Boyd Stock
Balance Sheet is a snapshot of the financial position of Boyd Group Services at a specified time, usually calculated after every quarter, six months, or one year. Boyd Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Boyd Group 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 Boyd currently owns. An asset can also be divided into two categories, current and non-current.