Evertz Roic vs Payout Ratio Analysis
ET Stock | CAD 12.47 0.13 1.03% |
Evertz Technologies financial indicator trend analysis is much more than just examining Evertz Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evertz Technologies is a good investment. Please check the relationship between Evertz Technologies Roic and its Payout Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evertz Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Roic vs Payout Ratio
Roic vs Payout Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evertz Technologies Roic account and Payout Ratio. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Evertz Technologies' Roic and Payout Ratio is 0.11. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Evertz Technologies Limited, assuming nothing else is changed. The correlation between historical values of Evertz Technologies' Roic and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Evertz Technologies Limited are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Roic i.e., Evertz Technologies' Roic and Payout Ratio go up and down completely randomly.
Correlation Coefficient | 0.11 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
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.Payout Ratio
Payout Ratio is the proportion of Evertz Technologies Limited 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 Evertz Technologies dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Evertz Technologies is paying out more in dividends than it makes in net income.Most indicators from Evertz Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evertz Technologies 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 Evertz Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. As of the 12th of December 2024, Selling General Administrative is likely to drop to about 55.9 M. In addition to that, Tax Provision is likely to drop to about 18.4 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 255.3M | 268.3M | 294.0M | 213.6M | Total Revenue | 441.0M | 454.6M | 514.6M | 369.8M |
Evertz Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Evertz Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Evertz Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 443.7M | 451.8M | 421.0M | 436.7M | 484.7M | 399.7M | |
Short Long Term Debt Total | 30.1M | 27.9M | 26.8M | 28.8M | 23.2M | 11.6M | |
Other Current Liab | 23.4M | 8.4M | 23.5M | 25.6M | 8.9M | 12.5M | |
Total Current Liabilities | 120.8M | 133.1M | 164.6M | 171.7M | 199.1M | 209.1M | |
Total Stockholder Equity | 295.0M | 292.7M | 230.9M | 243.1M | 263.3M | 298.6M | |
Property Plant And Equipment Net | 76.6M | 68.4M | 62.5M | 55.1M | 54.8M | 48.3M | |
Current Deferred Revenue | 45.1M | 58.0M | 74.3M | 69.8M | 119.6M | 125.6M | |
Net Debt | (44.9M) | (83.4M) | (7.1M) | 16.3M | (63.1M) | (66.3M) | |
Retained Earnings | 141.8M | 140.7M | 80.6M | 87.5M | 97.1M | 188.7M | |
Accounts Payable | 53.0M | 66.7M | 55.8M | 67.2M | 63.1M | 43.2M | |
Cash | 75.0M | 108.8M | 33.9M | 12.5M | 86.3M | 71.4M | |
Non Current Assets Total | 99.2M | 104.2M | 97.5M | 93.5M | 84.2M | 69.6M | |
Cash And Short Term Investments | 75.0M | 108.8M | 33.9M | 12.5M | 86.3M | 80.2M | |
Net Receivables | 98.5M | 79.6M | 106.4M | 117.9M | 96.9M | 82.0M | |
Common Stock Shares Outstanding | 76.6M | 76.4M | 76.6M | 76.2M | 77.0M | 81.8M | |
Liabilities And Stockholders Equity | 443.7M | 451.8M | 421.0M | 436.7M | 484.7M | 399.7M | |
Non Current Liabilities Total | 25.5M | 23.8M | 22.8M | 18.8M | 18.9M | 11.0M | |
Inventory | 162.0M | 152.7M | 177.3M | 202.5M | 206.2M | 137.7M | |
Other Stockholder Equity | 8.2M | (294.0M) | 9.5M | (235.0M) | (245.5M) | 1.05 | |
Total Liab | 146.3M | 156.9M | 187.3M | 190.6M | 218.0M | 228.9M | |
Property Plant And Equipment Gross | 76.6M | 172.0M | 171.5M | 163.8M | 170.6M | 179.1M | |
Total Current Assets | 344.5M | 347.6M | 323.5M | 343.2M | 400.6M | 330.1M | |
Accumulated Other Comprehensive Income | 1.0M | (1.1M) | (4.1M) | (2.4M) | 20.4M | 21.5M | |
Short Term Debt | 4.6M | 4.1M | 4.1M | 10.0M | 4.1M | 6.9M | |
Good Will | 20.8M | 21.1M | 21.0M | 21.3M | 21.4M | 17.5M | |
Intangible Assets | 1.6M | 4.5M | 3.3M | 2.1M | 1.1M | 2.0M | |
Other Current Assets | 9.0M | 6.6M | 5.9M | 10.3M | 11.2M | 7.0M | |
Common Stock | 143.9M | 143.6M | 143.5M | 143.3M | 145.7M | 132.1M | |
Net Tangible Assets | 272.7M | 267.1M | 206.6M | 219.6M | 197.7M | 232.4M | |
Property Plant Equipment | 76.6M | 68.4M | 62.5M | 55.1M | 63.4M | 60.2M | |
Non Currrent Assets Other | 1.2M | 1.0 | (99.0M) | 1.1M | 988.2K | 938.8K | |
Long Term Debt Total | 25.5M | 23.8M | 22.8M | 18.8M | 21.7M | 12.8M | |
Net Invested Capital | 295.3M | 295.3M | 230.9M | 249.0M | 263.3M | 233.6M | |
Cash And Equivalents | 75.0M | 108.8M | 33.9M | 12.5M | 11.2M | 10.7M | |
Net Working Capital | 223.7M | 214.5M | 158.9M | 171.4M | 201.4M | 178.2M |
Pair Trading with Evertz Technologies
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 Evertz Technologies 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 Evertz Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Evertz Stock
Moving against Evertz Stock
0.65 | RCI-A | Rogers Communications | PairCorr |
0.64 | ARA | Aclara Resources | PairCorr |
0.52 | CCL-A | CCL Industries | PairCorr |
The ability to find closely correlated positions to Evertz Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evertz Technologies 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 Evertz Technologies - 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 Evertz Technologies Limited to buy it.
The correlation of Evertz Technologies 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 Evertz Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evertz Technologies 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 Evertz Technologies 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 Evertz Stock
Balance Sheet is a snapshot of the financial position of Evertz Technologies at a specified time, usually calculated after every quarter, six months, or one year. Evertz Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Evertz Technologies 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 Evertz currently owns. An asset can also be divided into two categories, current and non-current.