Canaan Payables Turnover vs Capex To Revenue Analysis

CAN Stock  USD 2.66  0.13  5.14%   
Canaan financial indicator trend analysis is way more than just evaluating Canaan Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canaan Inc is a good investment. Please check the relationship between Canaan Payables Turnover and its Capex To Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Payables Turnover vs Capex To Revenue

Payables Turnover vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canaan Inc Payables Turnover account and Capex To Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Canaan's Payables Turnover and Capex To Revenue is -0.2. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Canaan Inc, assuming nothing else is changed. The correlation between historical values of Canaan's Payables Turnover and Capex To 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 Payables Turnover of Canaan Inc are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Payables Turnover i.e., Canaan's Payables Turnover and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

-0.2
Relationship DirectionNegative 
Relationship StrengthInsignificant

Payables Turnover

A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.
Most indicators from Canaan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canaan Inc 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 Canaan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.35, though Tax Provision is likely to grow to (48.8 M).
 2021 2022 2023 2024 (projected)
Depreciation And Amortization2.2M33.9M59.6M62.6M
Interest Income7.3M15.9M956K908.2K

Canaan fundamental ratios Correlations

-0.290.670.78-0.41-0.040.670.130.830.920.53-0.31-0.35-0.120.780.350.36-0.570.7-0.890.82-0.350.130.67-0.01-0.56
-0.29-0.03-0.380.560.28-0.15-0.15-0.44-0.520.60.390.470.40.24-0.1-0.230.74-0.640.58-0.260.810.08-0.010.50.33
0.67-0.030.07-0.36-0.090.060.750.210.520.52-0.22-0.26-0.220.490.760.17-0.110.07-0.610.92-0.28-0.441.0-0.07-0.34
0.78-0.380.07-0.250.030.84-0.450.940.810.27-0.24-0.260.020.64-0.160.34-0.680.89-0.690.33-0.240.540.060.04-0.48
-0.410.56-0.36-0.250.65-0.44-0.22-0.5-0.67-0.010.960.980.45-0.260.02-0.730.81-0.560.75-0.320.710.52-0.350.360.91
-0.040.28-0.090.030.65-0.360.03-0.04-0.270.050.720.750.88-0.130.37-0.150.57-0.370.330.110.720.27-0.090.80.55
0.67-0.150.060.84-0.44-0.36-0.550.840.750.46-0.54-0.53-0.20.79-0.430.45-0.720.85-0.650.14-0.270.370.06-0.1-0.72
0.13-0.150.75-0.45-0.220.03-0.55-0.290.04-0.05-0.01-0.06-0.15-0.20.88-0.010.18-0.35-0.210.66-0.26-0.680.75-0.120.04
0.83-0.440.210.94-0.5-0.040.84-0.290.910.32-0.48-0.490.040.67-0.080.59-0.770.88-0.820.44-0.310.260.210.1-0.7
0.92-0.520.520.81-0.67-0.270.750.040.910.35-0.6-0.64-0.260.690.140.55-0.830.86-0.980.67-0.560.030.52-0.15-0.77
0.530.60.520.27-0.010.050.46-0.050.320.35-0.12-0.070.170.890.070.210.060.04-0.260.370.360.020.530.4-0.33
-0.310.39-0.22-0.240.960.72-0.54-0.01-0.48-0.6-0.120.990.42-0.340.25-0.750.78-0.540.64-0.120.590.46-0.210.30.94
-0.350.47-0.26-0.260.980.75-0.53-0.06-0.49-0.64-0.070.990.49-0.310.2-0.710.82-0.580.69-0.180.680.45-0.250.390.93
-0.120.4-0.220.020.450.88-0.2-0.150.04-0.260.170.420.49-0.020.10.190.48-0.360.34-0.080.820.13-0.210.970.26
0.780.240.490.64-0.26-0.130.79-0.20.670.690.89-0.34-0.31-0.02-0.050.35-0.360.49-0.590.450.040.160.490.19-0.58
0.35-0.10.76-0.160.020.37-0.430.88-0.080.140.070.250.20.1-0.05-0.050.25-0.24-0.260.81-0.09-0.310.760.110.16
0.36-0.230.170.34-0.73-0.150.45-0.010.590.550.21-0.75-0.710.190.35-0.05-0.550.39-0.560.21-0.17-0.260.160.29-0.82
-0.570.74-0.11-0.680.810.57-0.720.18-0.77-0.830.060.780.820.48-0.360.25-0.55-0.910.82-0.240.760.0-0.10.440.8
0.7-0.640.070.89-0.56-0.370.85-0.350.880.860.04-0.54-0.58-0.360.49-0.240.39-0.91-0.80.28-0.620.320.06-0.35-0.66
-0.890.58-0.61-0.690.750.33-0.65-0.21-0.82-0.98-0.260.640.690.34-0.59-0.26-0.560.82-0.8-0.730.660.11-0.60.240.79
0.82-0.260.920.33-0.320.110.140.660.440.670.37-0.12-0.18-0.080.450.810.21-0.240.28-0.73-0.32-0.220.910.01-0.31
-0.350.81-0.28-0.240.710.72-0.27-0.26-0.31-0.560.360.590.680.820.04-0.09-0.170.76-0.620.66-0.320.19-0.270.840.49
0.130.08-0.440.540.520.270.37-0.680.260.030.020.460.450.130.16-0.31-0.260.00.320.11-0.220.19-0.440.060.3
0.67-0.011.00.06-0.35-0.090.060.750.210.520.53-0.21-0.25-0.210.490.760.16-0.10.06-0.60.91-0.27-0.44-0.06-0.33
-0.010.5-0.070.040.360.8-0.1-0.120.1-0.150.40.30.390.970.190.110.290.44-0.350.240.010.840.06-0.060.13
-0.560.33-0.34-0.480.910.55-0.720.04-0.7-0.77-0.330.940.930.26-0.580.16-0.820.8-0.660.79-0.310.490.3-0.330.13
Click cells to compare fundamentals

Canaan Account Relationship Matchups

Canaan fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets141.7M158.8M884.7M690.0M493.3M568.5M
Other Current Liab5.8M75.6M302.3M56.2M96.1M93.7M
Total Current Liabilities40.8M90.8M327.5M75.8M135.2M248.9M
Total Stockholder Equity99.0M66.3M543.3M612.1M348.2M316.2M
Net Tangible Assets692.8M432.6M3.5B4.2B4.9B5.1B
Property Plant And Equipment Net6.5M4.1M34.0M90.3M31.2M33.4M
Current Deferred Revenue1.2M65.9M210.3M4.6M19.6M18.6M
Net Debt(52.3M)(54.1M)(419.1M)(100.8M)(94.7M)(90.0M)
Retained Earnings(140.1M)(168.3M)141.5M211.0M(219.6M)(208.6M)
Accounts Payable14.2M5.7M22.5M16.7M6.2M5.9M
Cash73.8M59.9M421.7M102.3M96.2M135.9M
Non Current Assets Total7.2M4.5M56.4M130.2M137.2M144.0M
Non Currrent Assets Other750.3K387.6K19.2M37.0M36.4M38.2M
Other Assets0.02.5M122.3M256.1M(7.5M)(7.2M)
Cash And Short Term Investments75.4M69.5M421.7M105.7M96.2M147.9M
Net Receivables410.5K15.4M57.8K73.1M58.4M38.6M
Common Stock Shares Outstanding143.5M156.4M171.7M171.9M171.9M173.7M
Short Term Investments0.01.6M9.6M3.4M3.7M3.6M
Liabilities And Stockholders Equity141.7M158.8M884.7M690.0M493.3M568.5M
Non Current Liabilities Total1.9M1.7M13.9M2.1M9.9M10.4M
Inventory28.0M34.5M127.6M213.2M142.3M159.0M
Other Current Assets29.4M35.0M281.5M239.2M66.8M103.2M
Other Stockholder Equity233.2M261.5M432.7M435.2M596.8M398.8M
Total Liab42.7M92.5M341.4M77.9M145.1M252.3M
Net Invested Capital820.2M481.3M3.5B4.4B348.2M330.8M
Property Plant And Equipment Gross45.4M26.6M34.0M91.0M117.3M123.1M
Total Current Assets134.5M154.3M828.4M559.8M363.7M524.4M
Accumulated Other Comprehensive Income6.0M(12.2M)(16.0M)(37.2M)(29.0M)(27.5M)
Net Working Capital655.6M414.7M3.2B3.5B228.5M217.1M
Short Term Debt19.6M9.4M2.3M2.3M1.2M1.2M
Property Plant Equipment45.4M26.6M216.5M627.6M721.7M757.8M
Short Long Term Debt Total21.5M5.8M2.6M1.5M1.4M1.4M

Pair Trading with Canaan

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

Moving against Canaan Stock

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The ability to find closely correlated positions to Canaan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canaan 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 Canaan - 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 Canaan Inc to buy it.
The correlation of Canaan 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 Canaan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canaan 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 Canaan 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
When determining whether Canaan Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canaan's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canaan Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canaan Inc Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canaan. If investors know Canaan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canaan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.92)
Earnings Share
(1.43)
Revenue Per Share
0.867
Quarterly Revenue Growth
(0.03)
Return On Assets
(0.36)
The market value of Canaan Inc is measured differently than its book value, which is the value of Canaan that is recorded on the company's balance sheet. Investors also form their own opinion of Canaan's value that differs from its market value or its book value, called intrinsic value, which is Canaan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canaan's market value can be influenced by many factors that don't directly affect Canaan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canaan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canaan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canaan'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.