Dorel Total Revenue vs Research Development Analysis

DII-B Stock

CAD 4.43 0.08 1.84%

Dorel Industries financial indicator trend analysis is much more than just examining Dorel Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dorel Industries is a good investment. Please check the relationship between Dorel Industries Total Revenue and its Research Development accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Total Revenue vs Research Development

Total Revenue vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dorel Industries Total Revenue account and Research Development. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Dorel Industries' Total Revenue and Research Development is 0.94. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Research Development in the same time period over historical financial statements of Dorel Industries, assuming nothing else is changed. The correlation between historical values of Dorel Industries' Total Revenue and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Dorel Industries are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Total Revenue i.e., Dorel Industries' Total Revenue and Research Development go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Revenue

Total revenue comprises all receipts Dorel Industries 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.

Research Development

Most indicators from Dorel Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dorel Industries 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

At this time, Dorel Industries' Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 307.8 M in 2024, despite the fact that Tax Provision is likely to grow to (13.8 M).

	2021	2022	2023	2024 (projected)
Discontinued Operations	80.2M	254.9M	293.1M	307.8M
Reconciled Depreciation	84.2M	71.2M	69.5M	81.6M

Discontinued Operations Reconciled Depreciation

Dorel Industries 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Assets	Current Deferred Revenue
Total Assets		0.63	0.22	0.61	0.88	0.56	0.68	0.85	0.79	-0.47	0.9	-0.25	-0.42	0.95	0.67	0.68	0.86	0.1	0.65	0.83	-0.04	0.86	0.22	0.86	0.62	0.4
Short Long Term Debt Total	0.63		0.44	0.75	0.25	0.9	0.99	0.24	0.85	-0.4	0.33	-0.11	-0.36	0.64	0.67	0.66	0.81	0.26	0.77	0.92	0.35	0.81	0.3	0.34	0.76	0.7
Other Current Liab	0.22	0.44		0.45	-0.06	0.21	0.41	-0.04	0.2	0.07	-0.18	-0.15	0.07	0.04	0.31	0.36	0.1	0.97	0.31	0.54	0.33	0.63	-0.1	-0.14	0.04	0.42
Total Current Liabilities	0.61	0.75	0.45		0.29	0.63	0.76	0.27	0.82	-0.3	0.29	-0.16	-0.29	0.64	0.58	0.17	0.74	0.33	0.62	0.83	0.16	0.82	0.75	0.34	0.75	0.29
Total Stockholder Equity	0.88	0.25	-0.06	0.29		0.23	0.31	0.99	0.51	-0.28	0.94	-0.43	-0.22	0.83	0.34	0.5	0.64	-0.12	0.3	0.5	-0.4	0.56	0.1	0.96	0.37	0.16
Property Plant And Equipment Net	0.56	0.9	0.21	0.63	0.23		0.94	0.17	0.83	-0.65	0.34	0.07	-0.64	0.63	0.78	0.61	0.81	0.02	0.89	0.81	0.5	0.67	0.27	0.28	0.8	0.63
Net Debt	0.68	0.99	0.41	0.76	0.31	0.94		0.28	0.89	-0.52	0.39	-0.05	-0.49	0.69	0.77	0.68	0.86	0.23	0.85	0.94	0.41	0.83	0.29	0.37	0.79	0.68
Retained Earnings	0.85	0.24	-0.04	0.27	0.99	0.17	0.28		0.48	-0.18	0.92	-0.51	-0.11	0.81	0.24	0.48	0.61	-0.11	0.21	0.47	-0.5	0.54	0.09	0.98	0.34	0.14
Accounts Payable	0.79	0.85	0.2	0.82	0.51	0.83	0.89	0.48		-0.57	0.58	-0.08	-0.53	0.86	0.74	0.53	0.97	0.02	0.8	0.9	0.17	0.83	0.47	0.57	0.93	0.42
Cash	-0.47	-0.4	0.07	-0.3	-0.28	-0.65	-0.52	-0.18	-0.57		-0.44	-0.49	0.99	-0.51	-0.86	-0.43	-0.59	0.21	-0.84	-0.46	-0.58	-0.38	-0.08	-0.22	-0.57	-0.15
Non Current Assets Total	0.9	0.33	-0.18	0.29	0.94	0.34	0.39	0.92	0.58	-0.44		-0.21	-0.37	0.88	0.46	0.56	0.71	-0.26	0.42	0.52	-0.24	0.54	0.12	0.94	0.45	0.18
Non Currrent Assets Other	-0.25	-0.11	-0.15	-0.16	-0.43	0.07	-0.05	-0.51	-0.08	-0.49	-0.21		-0.51	-0.25	0.29	-0.07	-0.17	-0.13	0.25	-0.16	0.68	-0.24	-0.12	-0.47	-0.06	-0.06
Cash And Short Term Investments	-0.42	-0.36	0.07	-0.29	-0.22	-0.64	-0.49	-0.11	-0.53	0.99	-0.37	-0.51		-0.46	-0.86	-0.37	-0.55	0.2	-0.83	-0.42	-0.61	-0.35	-0.1	-0.15	-0.56	-0.15
Net Receivables	0.95	0.64	0.04	0.64	0.83	0.63	0.69	0.81	0.86	-0.51	0.88	-0.25	-0.46		0.63	0.56	0.91	-0.1	0.63	0.79	-0.11	0.78	0.37	0.86	0.75	0.35
Common Stock Shares Outstanding	0.67	0.67	0.31	0.58	0.34	0.78	0.77	0.24	0.74	-0.86	0.46	0.29	-0.86	0.63		0.6	0.74	0.17	0.96	0.76	0.66	0.73	0.16	0.27	0.65	0.42
Non Current Liabilities Total	0.68	0.66	0.36	0.17	0.5	0.61	0.68	0.48	0.53	-0.43	0.56	-0.07	-0.37	0.56	0.6		0.59	0.24	0.63	0.68	0.29	0.64	-0.42	0.47	0.35	0.7
Inventory	0.86	0.81	0.1	0.74	0.64	0.81	0.86	0.61	0.97	-0.59	0.71	-0.17	-0.55	0.91	0.74	0.59		-0.08	0.79	0.88	0.11	0.8	0.42	0.7	0.89	0.41
Other Current Assets	0.1	0.26	0.97	0.33	-0.12	0.02	0.23	-0.11	0.02	0.21	-0.26	-0.13	0.2	-0.1	0.17	0.24	-0.08		0.15	0.38	0.3	0.5	-0.15	-0.23	-0.14	0.35
Other Stockholder Equity	0.65	0.77	0.31	0.62	0.3	0.89	0.85	0.21	0.8	-0.84	0.42	0.25	-0.83	0.63	0.96	0.63	0.79	0.15		0.81	0.65	0.74	0.19	0.26	0.75	0.46
Total Liab	0.83	0.92	0.54	0.83	0.5	0.81	0.94	0.47	0.9	-0.46	0.52	-0.16	-0.42	0.79	0.76	0.68	0.88	0.38	0.81		0.28	0.96	0.32	0.51	0.75	0.61
Property Plant And Equipment Gross	-0.04	0.35	0.33	0.16	-0.4	0.5	0.41	-0.5	0.17	-0.58	-0.24	0.68	-0.61	-0.11	0.66	0.29	0.11	0.3	0.65	0.28		0.2	-0.13	-0.48	0.13	0.36
Total Current Assets	0.86	0.81	0.63	0.82	0.56	0.67	0.83	0.54	0.83	-0.38	0.54	-0.24	-0.35	0.78	0.73	0.64	0.8	0.5	0.74	0.96	0.2		0.28	0.53	0.66	0.55
Short Term Debt	0.22	0.3	-0.1	0.75	0.1	0.27	0.29	0.09	0.47	-0.08	0.12	-0.12	-0.1	0.37	0.16	-0.42	0.42	-0.15	0.19	0.32	-0.13	0.28		0.2	0.55	-0.15
Intangible Assets	0.86	0.34	-0.14	0.34	0.96	0.28	0.37	0.98	0.57	-0.22	0.94	-0.47	-0.15	0.86	0.27	0.47	0.7	-0.23	0.26	0.51	-0.48	0.53	0.2		0.45	0.17
Other Assets	0.62	0.76	0.04	0.75	0.37	0.8	0.79	0.34	0.93	-0.57	0.45	-0.06	-0.56	0.75	0.65	0.35	0.89	-0.14	0.75	0.75	0.13	0.66	0.55	0.45		0.27
Current Deferred Revenue	0.4	0.7	0.42	0.29	0.16	0.63	0.68	0.14	0.42	-0.15	0.18	-0.06	-0.15	0.35	0.42	0.7	0.41	0.35	0.46	0.61	0.36	0.55	-0.15	0.17	0.27

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Dorel Industries Account Relationship Matchups

Dorel Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	1.7B	1.9B	1.1B	1.0B	1.5B
Short Long Term Debt Total	690.2M	613.4M	544.4M	431.6M	393.0M	377.2M
Other Current Liab	110.4M	129.6M	457.1M	70.3M	74.7M	57.5M
Total Current Liabilities	701.8M	893.7M	835.0M	375.1M	429.6M	436.4M
Total Stockholder Equity	534.2M	496.2M	469M	281.1M	224.7M	213.5M
Property Plant And Equipment Net	323.4M	298.7M	171.6M	229.8M	213.0M	158.6M
Net Debt	651.0M	575.1M	492.2M	399.2M	368.9M	336.8M
Retained Earnings	394.3M	350.9M	319.3M	58.6M	(3.7M)	(3.5M)
Accounts Payable	447.7M	401.0M	296.8M	251.1M	287.6M	275.5M
Cash	39.1M	38.2M	52.2M	32.4M	24.1M	25.7M
Non Current Assets Total	729.5M	629.5M	323.3M	378.6M	381.4M	724.9M
Non Currrent Assets Other	8.2M	5.4M	4.1M	8.0M	75.2M	78.9M
Cash And Short Term Investments	39.1M	38.2M	52.2M	32.4M	24.1M	26.1M
Net Receivables	399.0M	445.9M	258.5M	193.0M	199.7M	286.8M
Common Stock Shares Outstanding	32.4M	32.5M	33.0M	33.4M	32.5M	34.0M
Liabilities And Stockholders Equity	1.9B	1.7B	1.9B	1.1B	1.0B	1.5B
Non Current Liabilities Total	624.1M	329.3M	547.1M	404.2M	346.6M	362.0M
Inventory	633.6M	534.5M	364.7M	421.5M	363.1M	366.8M
Other Current Assets	58.9M	71.0M	852.4M	34.9M	32.6M	31.0M
Other Stockholder Equity	50.1M	30.1M	32.3M	36.4M	36.0M	34.2M
Total Liab	1.3B	1.2B	1.4B	779.3M	776.2M	798.3M
Property Plant And Equipment Gross	323.4M	298.7M	454.6M	516.8M	529.6M	556.1M
Total Current Assets	1.1B	1.1B	1.5B	681.8M	619.6M	746.2M
Accumulated Other Comprehensive Income	(114.2M)	(117.2M)	(115.1M)	(47.3M)	(13.6M)	(12.9M)
Short Term Debt	131.3M	347.1M	37.8M	51.8M	64.7M	92.6M
Intangible Assets	253.0M	239.7M	81.6M	67.1M	47.8M	45.4M
Other Assets	112.1M	86.4M	47.7M	53.2M	61.2M	57.3M
Current Deferred Revenue	111.9M	128.7M	123.3M	70.0M	80.5M	44.5M
Good Will	84.5M	41.0M	45.5M	45.2M	45.4M	43.1M
Common Stock	203.9M	204.7M	204.7M	205.6M	206.0M	220.5M
Common Stock Total Equity	203.3M	203.3M	203.9M	204.7M	235.4M	221.1M
Other Liab	58.5M	63.0M	40.5M	24.5M	22.0M	20.9M
Net Tangible Assets	255.3M	266.0M	365.1M	185.5M	213.4M	278.0M
Long Term Debt	417.9M	125.8M	433.8M	250.1M	215.3M	240.2M
Deferred Long Term Liab	43.4M	36.3M	23.2M	16.7M	15.0M	26.1M
Short Long Term Debt	83.9M	307.5M	8.3M	18.5M	27.6M	26.3M
Property Plant Equipment	337.9M	312.9M	171.6M	229.8M	264.2M	252.3M
Non Current Liabilities Other	17.1M	12.7M	8.2M	3.6M	2.2M	2.1M
Net Invested Capital	1.0B	929.5M	911.1M	549.8M	467.7M	749.7M

Pair Trading with Dorel Industries

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

Moving against Dorel Stock

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0.72	NVDA	NVIDIA CDR	Pair Corr
0.72	AMZN	Amazon CDR	Pair Corr
0.63	GOOG	Alphabet CDR	Pair Corr

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

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

When running Dorel Industries' price analysis, check to measure Dorel Industries' 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 Dorel Industries is operating at the current time. Most of Dorel Industries' value examination focuses on studying past and present price action to predict the probability of Dorel Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dorel Industries' price. Additionally, you may evaluate how the addition of Dorel Industries to your portfolios can decrease your overall portfolio volatility.

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