Foraco Inventory vs Property Plant And Equipment Gross Analysis

FAR Stock  CAD 2.34  0.04  1.74%   
Foraco International financial indicator trend analysis is much more than just examining Foraco International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foraco International is a good investment. Please check the relationship between Foraco International Inventory and its Property Plant And Equipment Gross accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foraco International SA. 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.

Inventory vs Property Plant And Equipment Gross

Inventory vs Property Plant And Equipment Gross Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foraco International Inventory account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have strong relationship.
InventoryProperty Plant And Equipment GrossDiversified AwayInventoryProperty Plant And Equipment GrossDiversified Away100%
The correlation between Foraco International's Inventory and Property Plant And Equipment Gross is 0.72. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Foraco International SA, assuming nothing else is changed. The correlation between historical values of Foraco International's Inventory and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Foraco International SA are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Inventory i.e., Foraco International's Inventory and Property Plant And Equipment Gross go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

Inventory

Property Plant And Equipment Gross

Most indicators from Foraco International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foraco International 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 Foraco International SA. 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.
As of the 12th of December 2024, Tax Provision is likely to grow to about 13.3 M, while Selling General Administrative is likely to drop about 21 M.
 2021 2022 2023 2024 (projected)
Gross Profit46.8M71.3M93.9M98.6M
Total Revenue269.7M330.6M370.1M201.4M

Foraco International fundamental ratios Correlations

0.460.720.00.340.050.080.090.630.030.310.420.38-0.070.330.420.30.520.560.650.40.380.720.080.520.04
0.460.50.390.740.840.90.710.310.580.160.790.970.380.410.790.560.890.340.890.550.710.760.90.840.53
0.720.5-0.080.130.020.160.190.97-0.11-0.110.260.550.320.60.260.030.730.870.420.30.430.880.160.30.07
0.00.39-0.080.260.380.40.39-0.190.430.470.40.29-0.14-0.250.40.620.190.020.480.260.050.180.40.510.0
0.340.740.130.260.730.730.45-0.030.50.230.610.670.240.130.610.580.56-0.20.720.280.550.420.730.710.82
0.050.840.020.380.730.960.68-0.160.580.010.640.830.430.290.640.450.66-0.160.670.340.710.290.960.660.66
0.080.90.160.40.730.960.8-0.030.690.070.710.890.430.310.710.520.710.020.720.40.680.451.00.730.62
0.090.710.190.390.450.680.80.020.770.250.640.650.330.390.640.660.450.210.630.260.50.460.80.680.23
0.630.310.97-0.19-0.03-0.16-0.030.02-0.31-0.240.00.40.370.630.0-0.130.620.830.210.190.370.75-0.030.060.01
0.030.58-0.110.430.50.580.690.77-0.310.580.710.43-0.09-0.140.710.740.210.00.630.490.140.310.690.750.15
0.310.16-0.110.470.230.010.070.25-0.240.580.46-0.08-0.47-0.370.460.79-0.170.120.540.45-0.250.240.070.64-0.33
0.420.790.260.40.610.640.710.640.00.710.460.64-0.16-0.011.00.620.510.250.860.450.270.60.710.910.23
0.380.970.550.290.670.830.890.650.40.43-0.080.640.540.520.640.370.950.340.750.460.790.720.890.680.61
-0.070.380.32-0.140.240.430.430.330.37-0.09-0.47-0.160.540.81-0.16-0.020.540.110.080.020.710.250.43-0.020.49
0.330.410.6-0.250.130.290.310.390.63-0.14-0.37-0.010.520.81-0.01-0.020.590.420.230.070.750.470.310.090.26
0.420.790.260.40.610.640.710.640.00.710.461.00.64-0.16-0.010.620.510.250.860.450.270.60.710.910.23
0.30.560.030.620.580.450.520.66-0.130.740.790.620.37-0.02-0.020.620.220.10.770.40.170.440.520.830.09
0.520.890.730.190.560.660.710.450.620.21-0.170.510.950.540.590.510.220.490.680.480.770.790.710.560.54
0.560.340.870.02-0.2-0.160.020.210.830.00.120.250.340.110.420.250.10.490.350.420.120.810.020.28-0.36
0.650.890.420.480.720.670.720.630.210.630.540.860.750.080.230.860.770.680.350.620.510.750.720.970.3
0.40.550.30.260.280.340.40.260.190.490.450.450.460.020.070.450.40.480.420.620.230.550.40.6-0.03
0.380.710.430.050.550.710.680.50.370.14-0.250.270.790.710.750.270.170.770.120.510.230.440.680.380.61
0.720.760.880.180.420.290.450.460.750.310.240.60.720.250.470.60.440.790.810.750.550.440.450.680.16
0.080.90.160.40.730.961.00.8-0.030.690.070.710.890.430.310.710.520.710.020.720.40.680.450.730.62
0.520.840.30.510.710.660.730.680.060.750.640.910.68-0.020.090.910.830.560.280.970.60.380.680.730.25
0.040.530.070.00.820.660.620.230.010.15-0.330.230.610.490.260.230.090.54-0.360.3-0.030.610.160.620.25
Click cells to compare fundamentals

Foraco International Account Relationship Matchups

Foraco International fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding92.2M92.0M96.7M100.9M100.5M85.5M
Total Assets230.3M227.8M228.8M249.5M279.7M247.8M
Short Long Term Debt Total149.1M162.6M109.7M105.6M99.5M96.1M
Other Current Liab1.0M(4.2M)1.2M795K25.4M26.7M
Total Current Liabilities52.9M48.0M64.4M83.1M95.3M71.7M
Total Stockholder Equity31.0M12.9M56.0M65.2M85.9M68.1M
Property Plant And Equipment Net35.2M36.1M39.7M39.5M51.5M57.5M
Current Deferred Revenue2.5M4.3M3.0M1.5M2.6M2.3M
Net Debt133.0M141.7M85.7M76.2M65.2M73.1M
Retained Earnings64.4M64.7M107.7M62.7M108.1M113.5M
Accounts Payable20.3M17.7M26.4M28.7M34.5M24.4M
Cash16.1M21.0M23.9M29.4M34.3M23.0M
Non Current Assets Total140.0M136.3M124.4M123.4M137.5M144.7M
Non Currrent Assets Other1.0M757K418K471K294K279.3K
Other Assets28.7M30.6M20.8M18.8M1K950.0
Cash And Short Term Investments16.1M21.0M23.9M29.4M34.3M23.0M
Net Receivables31.2M37.3M32.2M42.4M51.6M37.8M
Good Will75.9M69.5M63.5M64.1M65.6M67.1M
Liabilities And Stockholders Equity230.3M227.8M228.8M249.5M279.7M247.8M
Non Current Liabilities Total140.7M162.0M101.8M90.9M86.4M76.9M
Inventory32.9M31.4M37.1M44.0M45.6M35.2M
Other Current Assets10.3M1.8M13.8M12.0M10.8M6.6M
Other Stockholder Equity151.6M101.8M122.0M105.2M83.4M109.0M
Total Liab193.7M210.0M166.3M174.1M181.7M148.6M
Property Plant And Equipment Gross35.2M36.1M39.7M39.5M51.5M57.5M
Total Current Assets90.4M91.4M104.4M126.1M142.3M103.0M
Accumulated Other Comprehensive Income(122.3M)(144.6M)(68.5M)(42.6M)(35.8M)(37.6M)
Short Term Debt12.2M4.7M10.9M17.5M16.3M27.1M
Intangible Assets28K30K333K471K507K532.4K
Other Liab3.9M4.1M3.1M2.9M2.6M4.1M
Net Tangible Assets(45.0M)(56.6M)(7.9M)661K594.9K624.6K
Long Term Debt134.0M154.0M94.1M84.3M77.2M105.6M
Short Long Term Debt9.1M2.8M9.4M14.9M12.6M12.0M
Property Plant Equipment35.2M36.1M39.7M39.5M35.6M40.1M
Long Term Debt Total136.9M157.9M98.8M88.0M101.3M121.5M
Capital Lease Obligations4.2M5.8M6.3M6.5M9.7M10.2M
Cash And Equivalents3.2M21.0M4.8M5.4M6.2M9.6M

Pair Trading with Foraco International

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

Moving together with Foraco Stock

  0.67AG First Majestic SilverPairCorr
  0.66IE Ivanhoe EnergyPairCorr

Moving against Foraco Stock

  0.43NG NovaGold ResourcesPairCorr
  0.39INFM Infinico Metals CorpPairCorr
  0.33HPQ HPQ Silicon ResourcesPairCorr
The ability to find closely correlated positions to Foraco International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foraco International 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 Foraco International - 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 Foraco International SA to buy it.
The correlation of Foraco International 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 Foraco International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foraco International 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 Foraco International 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

Other Information on Investing in Foraco Stock

Balance Sheet is a snapshot of the financial position of Foraco International at a specified time, usually calculated after every quarter, six months, or one year. Foraco International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Foraco International 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 Foraco currently owns. An asset can also be divided into two categories, current and non-current.