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.
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 Direction | Positive |
Relationship Strength | Significant |
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 Profit | 46.8M | 71.3M | 93.9M | 98.6M |
Total Revenue | 269.7M | 330.6M | 370.1M | 201.4M |
Foraco International fundamental ratios Correlations
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Foraco International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Foraco International fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 92.2M | 92.0M | 96.7M | 100.9M | 100.5M | 85.5M | |
Total Assets | 230.3M | 227.8M | 228.8M | 249.5M | 279.7M | 247.8M | |
Short Long Term Debt Total | 149.1M | 162.6M | 109.7M | 105.6M | 99.5M | 96.1M | |
Other Current Liab | 1.0M | (4.2M) | 1.2M | 795K | 25.4M | 26.7M | |
Total Current Liabilities | 52.9M | 48.0M | 64.4M | 83.1M | 95.3M | 71.7M | |
Total Stockholder Equity | 31.0M | 12.9M | 56.0M | 65.2M | 85.9M | 68.1M | |
Property Plant And Equipment Net | 35.2M | 36.1M | 39.7M | 39.5M | 51.5M | 57.5M | |
Current Deferred Revenue | 2.5M | 4.3M | 3.0M | 1.5M | 2.6M | 2.3M | |
Net Debt | 133.0M | 141.7M | 85.7M | 76.2M | 65.2M | 73.1M | |
Retained Earnings | 64.4M | 64.7M | 107.7M | 62.7M | 108.1M | 113.5M | |
Accounts Payable | 20.3M | 17.7M | 26.4M | 28.7M | 34.5M | 24.4M | |
Cash | 16.1M | 21.0M | 23.9M | 29.4M | 34.3M | 23.0M | |
Non Current Assets Total | 140.0M | 136.3M | 124.4M | 123.4M | 137.5M | 144.7M | |
Non Currrent Assets Other | 1.0M | 757K | 418K | 471K | 294K | 279.3K | |
Other Assets | 28.7M | 30.6M | 20.8M | 18.8M | 1K | 950.0 | |
Cash And Short Term Investments | 16.1M | 21.0M | 23.9M | 29.4M | 34.3M | 23.0M | |
Net Receivables | 31.2M | 37.3M | 32.2M | 42.4M | 51.6M | 37.8M | |
Good Will | 75.9M | 69.5M | 63.5M | 64.1M | 65.6M | 67.1M | |
Liabilities And Stockholders Equity | 230.3M | 227.8M | 228.8M | 249.5M | 279.7M | 247.8M | |
Non Current Liabilities Total | 140.7M | 162.0M | 101.8M | 90.9M | 86.4M | 76.9M | |
Inventory | 32.9M | 31.4M | 37.1M | 44.0M | 45.6M | 35.2M | |
Other Current Assets | 10.3M | 1.8M | 13.8M | 12.0M | 10.8M | 6.6M | |
Other Stockholder Equity | 151.6M | 101.8M | 122.0M | 105.2M | 83.4M | 109.0M | |
Total Liab | 193.7M | 210.0M | 166.3M | 174.1M | 181.7M | 148.6M | |
Property Plant And Equipment Gross | 35.2M | 36.1M | 39.7M | 39.5M | 51.5M | 57.5M | |
Total Current Assets | 90.4M | 91.4M | 104.4M | 126.1M | 142.3M | 103.0M | |
Accumulated Other Comprehensive Income | (122.3M) | (144.6M) | (68.5M) | (42.6M) | (35.8M) | (37.6M) | |
Short Term Debt | 12.2M | 4.7M | 10.9M | 17.5M | 16.3M | 27.1M | |
Intangible Assets | 28K | 30K | 333K | 471K | 507K | 532.4K | |
Other Liab | 3.9M | 4.1M | 3.1M | 2.9M | 2.6M | 4.1M | |
Net Tangible Assets | (45.0M) | (56.6M) | (7.9M) | 661K | 594.9K | 624.6K | |
Long Term Debt | 134.0M | 154.0M | 94.1M | 84.3M | 77.2M | 105.6M | |
Short Long Term Debt | 9.1M | 2.8M | 9.4M | 14.9M | 12.6M | 12.0M | |
Property Plant Equipment | 35.2M | 36.1M | 39.7M | 39.5M | 35.6M | 40.1M | |
Long Term Debt Total | 136.9M | 157.9M | 98.8M | 88.0M | 101.3M | 121.5M | |
Capital Lease Obligations | 4.2M | 5.8M | 6.3M | 6.5M | 9.7M | 10.2M | |
Cash And Equivalents | 3.2M | 21.0M | 4.8M | 5.4M | 6.2M | 9.6M |
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
Moving against Foraco Stock
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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.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.