Gildan Historical Financial Ratios
| GIL Stock | CAD 69.60 0.20 0.29% |
Gildan Activewear is recently reporting on over 97 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 3.76 or Days Sales Outstanding of 64.49 will help investors to properly organize and evaluate Gildan Activewear financial condition quickly.
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About Gildan Financial Ratios Analysis
Gildan ActivewearFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Gildan Activewear investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Gildan financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Gildan Activewear history.
Gildan Activewear Financial Ratios Chart
Add Fundamental
Dividend Yield
Dividend Yield is Gildan Activewear dividend as a percentage of Gildan Activewear stock price. Gildan Activewear dividend yield is a measure of Gildan Activewear stock productivity, which can be interpreted as interest rate earned on an Gildan Activewear investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Operating Cash Flow Per Share
A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Most ratios from Gildan Activewear's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Gildan Activewear current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gildan Activewear. 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. To learn how to invest in Gildan Stock, please use our How to Invest in Gildan Activewear guide.At this time, Gildan Activewear's Capex To Depreciation is very stable compared to the past year. As of the 1st of December 2024, PB Ratio is likely to grow to 3.76, while Price To Sales Ratio is likely to drop 1.75.
| 2017 | 2018 | 2023 | 2024 (projected) | Dividend Yield | 0.0117 | 0.0236 | 0.0227 | 0.0238 | Price To Sales Ratio | 2.63 | 1.56 | 1.82 | 1.75 |
Gildan Activewear fundamentals Correlations
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Gildan Activewear Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Gildan Activewear
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 Gildan Activewear 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 Gildan Activewear will appreciate offsetting losses from the drop in the long position's value.Moving against Gildan Stock
The ability to find closely correlated positions to Gildan Activewear could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gildan Activewear 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 Gildan Activewear - 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 Gildan Activewear to buy it.
The correlation of Gildan Activewear 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 Gildan Activewear moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gildan Activewear 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 Gildan Activewear 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gildan Activewear. 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. To learn how to invest in Gildan Stock, please use our How to Invest in Gildan Activewear guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.