Corby Payout Ratio vs Roic Analysis

CSW-A Stock

CAD 12.30 0.03 0.24%

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

Payout Ratio vs Roic

Payout Ratio vs Roic Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corby Spirit Payout Ratio account and Roic. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Corby Spirit's Payout Ratio and Roic is -0.27. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Roic in the same time period over historical financial statements of Corby Spirit and, assuming nothing else is changed. The correlation between historical values of Corby Spirit's Payout Ratio and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Corby Spirit and are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Payout Ratio i.e., Corby Spirit's Payout Ratio and Roic go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Payout Ratio

Payout Ratio is the proportion of Corby Spirit and earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Corby Spirit dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Corby Spirit is paying out more in dividends than it makes in net income.

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Most indicators from Corby Spirit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corby Spirit 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 Corby Spirit and. 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.

At this time, Corby Spirit's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 14.88 in 2024, whereas Selling General Administrative is likely to drop slightly above 65.8 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	254K	276K	8.8M	9.2M
Depreciation And Amortization	14.3M	14.8M	15.4M	16.2M

Interest Expense Depreciation And Amortization

Corby Spirit 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	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Cash	Cash And Short Term Investments	Short Term Investments	Common Stock
Total Assets		0.89	0.65	0.77	0.24	0.51	0.47	0.04	0.77	0.64	-0.26	0.82	0.7	0.76	0.89	-0.42	0.14	0.78	0.66	0.57	0.78	0.57	0.03	0.19	-0.61	-0.38
Short Long Term Debt Total	0.89		0.73	0.84	-0.07	0.43	0.76	-0.24	0.6	0.81	-0.1	0.73	0.82	0.94	0.77	-0.14	0.14	0.93	0.46	0.77	0.61	0.78	-0.26	-0.09	-0.62	-0.64
Other Current Liab	0.65	0.73		0.84	-0.22	0.7	0.51	-0.38	0.61	0.55	-0.06	0.68	0.46	0.72	0.7	-0.3	0.09	0.76	0.51	0.46	0.32	0.5	-0.08	0.03	-0.52	-0.44
Total Current Liabilities	0.77	0.84	0.84		-0.08	0.65	0.73	-0.27	0.73	0.83	-0.16	0.76	0.74	0.89	0.77	-0.35	0.09	0.94	0.42	0.74	0.5	0.77	-0.29	-0.14	-0.76	-0.71
Total Stockholder Equity	0.24	-0.07	-0.22	-0.08		-0.28	-0.37	0.96	0.06	-0.05	-0.46	-0.04	-0.02	-0.08	0.07	-0.6	0.34	-0.08	0.45	-0.07	0.49	-0.09	0.52	0.58	-0.31	0.08
Property Plant And Equipment Net	0.51	0.43	0.7	0.65	-0.28		0.27	-0.48	0.78	0.27	-0.1	0.72	0.27	0.35	0.77	-0.31	-0.2	0.44	0.31	0.18	0.16	0.23	-0.09	-0.05	-0.28	-0.08
Net Debt	0.47	0.76	0.51	0.73	-0.37	0.27		-0.48	0.22	0.93	0.1	0.51	0.89	0.85	0.43	0.17	0.11	0.84	-0.17	0.93	0.33	0.94	-0.8	-0.68	-0.58	-0.89
Retained Earnings	0.04	-0.24	-0.38	-0.27	0.96	-0.48	-0.48		-0.16	-0.18	-0.4	-0.25	-0.15	-0.22	-0.12	-0.56	0.21	-0.24	0.34	-0.18	0.38	-0.21	0.55	0.58	-0.21	0.15
Accounts Payable	0.77	0.6	0.61	0.73	0.06	0.78	0.22	-0.16		0.35	-0.2	0.8	0.34	0.47	0.81	-0.41	-0.07	0.55	0.6	0.22	0.53	0.25	0.14	0.22	-0.37	-0.09
Non Current Assets Total	0.64	0.81	0.55	0.83	-0.05	0.27	0.93	-0.18	0.35		-0.1	0.58	0.95	0.92	0.57	-0.15	0.16	0.92	0.05	0.98	0.57	0.98	-0.63	-0.47	-0.81	-0.94
Non Currrent Assets Other	-0.26	-0.1	-0.06	-0.16	-0.46	-0.1	0.1	-0.4	-0.2	-0.1		0.0	-0.1	-0.11	-0.26	0.48	-0.17	-0.13	-0.33	-0.07	-0.34	-0.05	-0.26	-0.32	0.33	0.06
Net Receivables	0.82	0.73	0.68	0.76	-0.04	0.72	0.51	-0.25	0.8	0.58	0.0		0.64	0.62	0.89	-0.36	0.03	0.67	0.36	0.51	0.62	0.54	-0.22	-0.12	-0.53	-0.32
Common Stock Shares Outstanding	0.7	0.82	0.46	0.74	-0.02	0.27	0.89	-0.15	0.34	0.95	-0.1	0.64		0.87	0.65	-0.17	0.1	0.85	0.03	0.97	0.63	0.96	-0.62	-0.47	-0.78	-0.84
Non Current Liabilities Total	0.76	0.94	0.72	0.89	-0.08	0.35	0.85	-0.22	0.47	0.92	-0.11	0.62	0.87		0.66	-0.19	0.11	0.99	0.35	0.89	0.54	0.9	-0.38	-0.2	-0.77	-0.85
Inventory	0.89	0.77	0.7	0.77	0.07	0.77	0.43	-0.12	0.81	0.57	-0.26	0.89	0.65	0.66		-0.55	-0.14	0.7	0.52	0.51	0.67	0.53	-0.07	0.06	-0.64	-0.32
Other Current Assets	-0.42	-0.14	-0.3	-0.35	-0.6	-0.31	0.17	-0.56	-0.41	-0.15	0.48	-0.36	-0.17	-0.19	-0.55		0.21	-0.24	-0.55	-0.1	-0.54	-0.11	-0.38	-0.47	0.67	0.09
Other Stockholder Equity	0.14	0.14	0.09	0.09	0.34	-0.2	0.11	0.21	-0.07	0.16	-0.17	0.03	0.1	0.11	-0.14	0.21		0.11	0.11	0.14	0.1	0.12	0.02	0.05	0.01	-0.15
Total Liab	0.78	0.93	0.76	0.94	-0.08	0.44	0.84	-0.24	0.55	0.92	-0.13	0.67	0.85	0.99	0.7	-0.24	0.11		0.38	0.87	0.54	0.88	-0.36	-0.19	-0.78	-0.83
Total Current Assets	0.66	0.46	0.51	0.42	0.45	0.31	-0.17	0.34	0.6	0.05	-0.33	0.36	0.03	0.35	0.52	-0.55	0.11	0.38		-0.03	0.38	-0.02	0.72	0.82	-0.3	0.06
Short Term Debt	0.57	0.77	0.46	0.74	-0.07	0.18	0.93	-0.18	0.22	0.98	-0.07	0.51	0.97	0.89	0.51	-0.1	0.14	0.87	-0.03		0.5	1.0	-0.68	-0.52	-0.79	-0.95
Intangible Assets	0.78	0.61	0.32	0.5	0.49	0.16	0.33	0.38	0.53	0.57	-0.34	0.62	0.63	0.54	0.67	-0.54	0.1	0.54	0.38	0.5		0.49	-0.04	0.09	-0.63	-0.34
Good Will	0.57	0.78	0.5	0.77	-0.09	0.23	0.94	-0.21	0.25	0.98	-0.05	0.54	0.96	0.9	0.53	-0.11	0.12	0.88	-0.02	1.0	0.49		-0.68	-0.53	-0.8	-0.95
Cash	0.03	-0.26	-0.08	-0.29	0.52	-0.09	-0.8	0.55	0.14	-0.63	-0.26	-0.22	-0.62	-0.38	-0.07	-0.38	0.02	-0.36	0.72	-0.68	-0.04	-0.68		0.98	0.27	0.64
Cash And Short Term Investments	0.19	-0.09	0.03	-0.14	0.58	-0.05	-0.68	0.58	0.22	-0.47	-0.32	-0.12	-0.47	-0.2	0.06	-0.47	0.05	-0.19	0.82	-0.52	0.09	-0.53	0.98		0.1	0.5
Short Term Investments	-0.61	-0.62	-0.52	-0.76	-0.31	-0.28	-0.58	-0.21	-0.37	-0.81	0.33	-0.53	-0.78	-0.77	-0.64	0.67	0.01	-0.78	-0.3	-0.79	-0.63	-0.8	0.27	0.1		0.79
Common Stock	-0.38	-0.64	-0.44	-0.71	0.08	-0.08	-0.89	0.15	-0.09	-0.94	0.06	-0.32	-0.84	-0.85	-0.32	0.09	-0.15	-0.83	0.06	-0.95	-0.34	-0.95	0.64	0.5	0.79

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Corby Spirit Account Relationship Matchups

Corby Spirit fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	234.4M	254.4M	253.5M	362.6M	420.5M	266.0M
Other Current Liab	10.1M	6.8M	10.2M	19.0M	13.5M	14.2M
Total Current Liabilities	40.4M	47.9M	54.6M	69.7M	76.7M	80.5M
Total Stockholder Equity	172.6M	187.9M	183.2M	180.0M	181.6M	179.2M
Property Plant And Equipment Net	23.7M	22.7M	24.2M	25.2M	24.9M	14.1M
Net Debt	(76.8M)	(90.0M)	(48.8M)	(53.4M)	136.2M	143.0M
Retained Earnings	160.2M	166.9M	163.7M	160.6M	158.8M	165.1M
Accounts Payable	24.9M	37.1M	43.2M	48.1M	43.9M	22.7M
Non Current Assets Total	64.6M	63.2M	101.0M	92.1M	241.2M	253.2M
Non Currrent Assets Other	4.7M	11.7M	6.8M	7.0M	8.0M	7.6M
Net Receivables	26.3M	35.7M	38.3M	39.6M	51.5M	31.7M
Liabilities And Stockholders Equity	234.4M	254.4M	253.5M	362.6M	420.5M	266.0M
Non Current Liabilities Total	21.4M	18.5M	15.7M	112.9M	162.2M	170.3M
Inventory	61.3M	60.8M	61.1M	75.2M	94.7M	57.4M
Other Current Assets	439K	1.3M	647K	694K	1.1M	1.0M
Other Stockholder Equity	(1.9M)	6.8M	5.2M	5.1M	4.6M	6.7M
Total Liab	61.8M	66.5M	70.3M	182.6M	238.9M	250.8M
Total Current Assets	169.8M	191.2M	152.5M	270.5M	179.3M	164.4M
Accumulated Other Comprehensive Income	(1.9M)	6.8M	5.2M	5.1M	8.4M	8.9M
Intangible Assets	27.4M	20.0M	61.3M	51.2M	91.0M	46.1M
Cash	81.7M	94.4M	52.5M	155.0M	4.6M	4.4M
Cash And Short Term Investments	81.7M	94.4M	52.5M	155.0M	32M	30.4M
Other Liab	17.8M	15.5M	13.2M	12.6M	11.3M	13.4M
Net Tangible Assets	136.4M	160.2M	113.2M	120.1M	108.1M	105.6M
Other Assets	4.7M	11.7M	6.8M	7.0M	8.0M	4.2M
Property Plant Equipment	23.7M	22.7M	24.2M	25.2M	29.0M	20.8M
Net Invested Capital	172.6M	187.9M	183.2M	278.0M	301.6M	227.5M
Net Working Capital	129.4M	143.2M	97.9M	200.8M	102.6M	145.7M

Pair Trading with Corby Spirit

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

Moving against Corby Stock

0.76	RY-PS	Royal Bank	Pair Corr
0.62	RY	Royal Bank	Pair Corr
0.61	FFH-PC	Fairfax Fin Hld	Pair Corr
0.61	NA	National Bank	Pair Corr
0.56	FFH-PH	Fairfax Financial	Pair Corr

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

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

Additional Tools for Corby Stock Analysis

When running Corby Spirit's price analysis, check to measure Corby Spirit's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corby Spirit is operating at the current time. Most of Corby Spirit's value examination focuses on studying past and present price action to predict the probability of Corby Spirit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corby Spirit's price. Additionally, you may evaluate how the addition of Corby Spirit to your portfolios can decrease your overall portfolio volatility.

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