Conifex Gross Profit vs Total Revenue Analysis
CFF Stock | CAD 0.40 0.02 4.76% |
Conifex Timber financial indicator trend analysis is way more than just evaluating Conifex Timber prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Conifex Timber is a good investment. Please check the relationship between Conifex Timber Gross Profit and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Conifex Timber. 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 Conifex Timber Gross Profit account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Conifex Timber's Gross Profit and Total Revenue is 0.87. 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 Conifex Timber, assuming nothing else is changed. The correlation between historical values of Conifex Timber'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 Conifex Timber 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., Conifex Timber's Gross Profit and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Conifex Timber minus its cost of goods sold. It is profit before Conifex Timber 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 Conifex Timber 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 Conifex Timber's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Conifex Timber 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 Conifex Timber. 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, Conifex Timber's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Discontinued Operations is likely to grow to about 291.4 K, though Tax Provision is likely to grow to (11.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 250.5M | 231.3M | 141.2M | 134.1M | Depreciation And Amortization | 10.8M | 8.4M | 11.7M | 12.4M |
Conifex Timber fundamental ratios Correlations
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Conifex Timber Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Conifex Timber fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 461.5M | 216.8M | 231.5M | 257.3M | 219.0M | 273.1M | |
Total Current Liabilities | 254.8M | 23.9M | 30.4M | 34.2M | 39.3M | 56.3M | |
Total Stockholder Equity | 124.6M | 116.4M | 129.8M | 146.3M | 115.5M | 128.5M | |
Net Debt | 256.3M | 52.2M | 53.0M | 54.4M | 59.7M | 91.0M | |
Retained Earnings | (183.4M) | (189.8M) | (162.6M) | (146.2M) | (176.8M) | (168.0M) | |
Accounts Payable | 35.8M | 14.8M | 18.8M | 17.2M | 19.1M | 25.1M | |
Cash | 919.5K | 11.2M | 6.4M | 8.4M | 4.2M | 4.0M | |
Cash And Short Term Investments | 919.5K | 11.2M | 6.4M | 8.4M | 4.2M | 4.0M | |
Net Receivables | 13.8M | 10.4M | 8.8M | 10.4M | 7.2M | 6.8M | |
Common Stock Shares Outstanding | 46.8M | 47.0M | 45.2M | 40.1M | 40.0M | 26.8M | |
Liabilities And Stockholders Equity | 461.5M | 216.8M | 231.5M | 257.3M | 219.0M | 273.1M | |
Other Current Assets | 256.2M | 14.3M | 22.3M | 25.2M | 22.7M | 32.3M | |
Other Stockholder Equity | 16.7M | 18.2M | 43.6M | 46.3M | 45.5M | 23.9M | |
Total Liab | 336.9M | 100.3M | 101.6M | 111.0M | 103.5M | 144.6M | |
Total Current Assets | 286.3M | 48.8M | 77.7M | 93.3M | 57.1M | 90.6M | |
Other Current Liab | 25.1M | 4.6M | 7.0M | 5.8M | 4.0M | 7.9M | |
Short Long Term Debt Total | 257.2M | 63.4M | 59.4M | 62.8M | 63.8M | 123.4M | |
Property Plant And Equipment Net | 137.3M | 130.0M | 125.4M | 129.9M | 123.1M | 181.9M | |
Non Current Assets Total | 175.2M | 167.9M | 153.7M | 164.0M | 161.9M | 221.6M | |
Non Current Liabilities Total | 82.1M | 76.4M | 71.2M | 76.8M | 64.2M | 107.3M | |
Inventory | 15.3M | 13.0M | 40.3M | 49.2M | 23.0M | 39.3M | |
Property Plant And Equipment Gross | 137.3M | 130.0M | 209.5M | 222.0M | 226.2M | 203.8M | |
Accumulated Other Comprehensive Income | 554.1K | 564K | 563.7K | 567.4K | 566.1K | 594.4K | |
Short Term Debt | 194.0M | 4.5M | 4.6M | 11.2M | 16.3M | 15.5M | |
Intangible Assets | 3.8M | 3.5M | 3.1M | 3.1M | 3.0M | 4.7M | |
Non Currrent Assets Other | 5.9M | 2.7M | 2.7M | 9.2M | 2.7M | 2.9M | |
Common Stock Total Equity | 174.3M | 289.7M | 290.7M | 287.4M | 330.6M | 223.1M | |
Common Stock | 290.7M | 287.4M | 248.3M | 245.6M | 246.3M | 235.2M | |
Other Liab | 18.8M | 17.5M | 16.5M | 25.3M | 29.0M | 20.7M | |
Net Tangible Assets | 118.9M | 111.1M | 124.8M | 141.3M | 162.5M | 148.5M | |
Current Deferred Revenue | (35.8M) | (14.8M) | (18.8M) | (17.2M) | (15.5M) | (16.2M) | |
Other Assets | 12.2M | 12.5M | 3.3M | 9.2M | 10.5M | 6.0M | |
Long Term Debt | 60.2M | 57.0M | 53.7M | 50.1M | 46.4M | 76.4M | |
Short Long Term Debt | 192.4M | 3.3M | 3.5M | 10.2M | 15.4M | 30.2M | |
Property Plant Equipment | 137.3M | 130.0M | 125.4M | 129.9M | 116.9M | 155.9M | |
Long Term Debt Total | 63.3M | 58.9M | 54.8M | 51.6M | 46.4M | 86.5M | |
Capital Surpluse | 16.7M | 18.2M | 43.6M | 46.3M | 53.2M | 55.9M | |
Capital Lease Obligations | 4.6M | 3.1M | 2.2M | 2.5M | 2.1M | 3.0M |
Pair Trading with Conifex 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 Conifex 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 Conifex Timber will appreciate offsetting losses from the drop in the long position's value.Moving together with Conifex Stock
Moving against Conifex Stock
The ability to find closely correlated positions to Conifex 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 Conifex 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 Conifex 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 Conifex Timber to buy it.
The correlation of Conifex 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 Conifex Timber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Conifex Timber 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 Conifex 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.Other Information on Investing in Conifex Stock
Balance Sheet is a snapshot of the financial position of Conifex Timber at a specified time, usually calculated after every quarter, six months, or one year. Conifex Timber Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Conifex 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 Conifex currently owns. An asset can also be divided into two categories, current and non-current.