Gildan Ebitda vs Non Recurring Analysis

GIL Stock

CAD 68.41 0.59 0.87%

Gildan Activewear financial indicator trend analysis is much more than just examining Gildan Activewear latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gildan Activewear is a good investment. Please check the relationship between Gildan Activewear Ebitda and its Non Recurring accounts. 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.

Ebitda vs Non Recurring

Ebitda vs Non Recurring Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gildan Activewear Ebitda account and Non Recurring. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Gildan Activewear's Ebitda and Non Recurring is 0.48. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Non Recurring in the same time period over historical financial statements of Gildan Activewear, assuming nothing else is changed. The correlation between historical values of Gildan Activewear's Ebitda and Non Recurring is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Gildan Activewear are associated (or correlated) with its Non Recurring. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Recurring has no effect on the direction of Ebitda i.e., Gildan Activewear's Ebitda and Non Recurring go up and down completely randomly.

Correlation Coefficient

0.48

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Ebitda

Non Recurring

Most indicators from Gildan Activewear's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Issuance Of Capital Stock is likely to grow to about 57.8 M, while Selling General Administrative is likely to drop about 118.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	940.2M	992.4M	880.1M	468.2M
Total Revenue	2.9B	3.2B	3.2B	1.7B

Gross Profit Total Revenue

Gildan Activewear 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	Current Deferred Revenue	Other Assets
Total Assets		0.5	-0.01	0.2	0.7	0.4	0.52	0.55	0.53	0.16	0.6	-0.3	0.19	0.49	-0.57	0.57	0.9	0.38	0.3	0.54	0.16	0.97	-0.31	0.43	-0.16	0.39
Short Long Term Debt Total	0.5		0.65	0.74	-0.16	0.82	0.95	-0.32	0.37	0.42	0.6	0.35	0.5	-0.03	-0.14	0.96	0.44	0.42	0.48	0.97	0.77	0.58	-0.44	-0.06	-0.61	0.86
Other Current Liab	-0.01	0.65		0.7	-0.43	0.44	0.56	-0.52	-0.14	0.43	0.07	0.74	0.49	-0.05	-0.08	0.5	-0.12	0.07	0.22	0.64	0.78	0.1	-0.17	-0.42	-0.23	0.66
Total Current Liabilities	0.2	0.74	0.7		-0.28	0.65	0.75	-0.43	0.35	0.12	0.27	0.6	0.2	0.1	-0.15	0.57	0.25	0.14	0.59	0.79	0.86	0.31	-0.33	-0.52	-0.41	0.7
Total Stockholder Equity	0.7	-0.16	-0.43	-0.28		-0.02	-0.04	0.97	0.11	-0.31	0.23	-0.49	-0.33	0.66	-0.4	-0.08	0.66	0.04	-0.03	-0.1	-0.22	0.57	0.19	0.61	0.32	-0.23
Property Plant And Equipment Net	0.4	0.82	0.44	0.65	-0.02		0.83	-0.15	0.4	0.12	0.82	0.35	0.24	0.18	0.29	0.8	0.39	0.4	0.62	0.73	0.81	0.45	-0.18	-0.02	-0.79	0.61
Net Debt	0.52	0.95	0.56	0.75	-0.04	0.83		-0.2	0.3	0.13	0.58	0.42	0.21	0.1	-0.16	0.9	0.54	0.27	0.5	0.94	0.81	0.56	-0.32	0.05	-0.5	0.75
Retained Earnings	0.55	-0.32	-0.52	-0.43	0.97	-0.15	-0.2		-0.02	-0.37	0.1	-0.54	-0.41	0.62	-0.3	-0.23	0.53	-0.09	-0.15	-0.27	-0.34	0.41	0.29	0.64	0.42	-0.4
Accounts Payable	0.53	0.37	-0.14	0.35	0.11	0.4	0.3	-0.02		0.3	0.59	-0.36	0.35	0.18	-0.13	0.45	0.47	0.51	0.52	0.41	0.05	0.63	-0.7	-0.07	-0.6	0.34
Cash	0.16	0.42	0.43	0.12	-0.31	0.12	0.13	-0.37	0.3		0.13	-0.15	0.99	-0.38	-0.16	0.47	-0.12	0.55	0.02	0.39	0.02	0.3	-0.5	-0.25	-0.34	0.58
Non Current Assets Total	0.6	0.6	0.07	0.27	0.23	0.82	0.58	0.1	0.59	0.13		0.0	0.26	0.3	0.26	0.67	0.55	0.5	0.54	0.47	0.43	0.62	-0.22	0.24	-0.82	0.37
Non Currrent Assets Other	-0.3	0.35	0.74	0.6	-0.49	0.35	0.42	-0.54	-0.36	-0.15	0.0		-0.07	-0.06	0.21	0.17	-0.21	-0.21	0.18	0.31	0.76	-0.27	0.2	-0.41	-0.15	0.33
Cash And Short Term Investments	0.19	0.5	0.49	0.2	-0.33	0.24	0.21	-0.41	0.35	0.99	0.26	-0.07		-0.33	-0.09	0.53	-0.08	0.58	0.11	0.44	0.13	0.34	-0.5	-0.28	-0.47	0.62
Net Receivables	0.49	-0.03	-0.05	0.1	0.66	0.18	0.1	0.62	0.18	-0.38	0.3	-0.06	-0.33		-0.17	-0.04	0.41	-0.01	0.31	0.02	0.18	0.42	0.0	0.28	0.07	-0.12
Common Stock Shares Outstanding	-0.57	-0.14	-0.08	-0.15	-0.4	0.29	-0.16	-0.3	-0.13	-0.16	0.26	0.21	-0.09	-0.17		-0.13	-0.49	-0.04	0.11	-0.33	0.11	-0.54	0.32	-0.14	-0.51	-0.27
Non Current Liabilities Total	0.57	0.96	0.5	0.57	-0.08	0.8	0.9	-0.23	0.45	0.47	0.67	0.17	0.53	-0.04	-0.13		0.48	0.52	0.42	0.92	0.62	0.64	-0.5	0.13	-0.64	0.81
Inventory	0.9	0.44	-0.12	0.25	0.66	0.39	0.54	0.53	0.47	-0.12	0.55	-0.21	-0.08	0.41	-0.49	0.48		0.09	0.31	0.49	0.18	0.87	-0.16	0.38	-0.12	0.23
Other Current Assets	0.38	0.42	0.07	0.14	0.04	0.4	0.27	-0.09	0.51	0.55	0.5	-0.21	0.58	-0.01	-0.04	0.52	0.09		0.23	0.39	0.13	0.41	-0.37	0.04	-0.54	0.62
Other Stockholder Equity	0.3	0.48	0.22	0.59	-0.03	0.62	0.5	-0.15	0.52	0.02	0.54	0.18	0.11	0.31	0.11	0.42	0.31	0.23		0.46	0.49	0.37	-0.19	-0.34	-0.55	0.33
Total Liab	0.54	0.97	0.64	0.79	-0.1	0.73	0.94	-0.27	0.41	0.39	0.47	0.31	0.44	0.02	-0.33	0.92	0.49	0.39	0.46		0.73	0.62	-0.5	-0.07	-0.46	0.87
Property Plant And Equipment Gross	0.16	0.77	0.78	0.86	-0.22	0.81	0.81	-0.34	0.05	0.02	0.43	0.76	0.13	0.18	0.11	0.62	0.18	0.13	0.49	0.73		0.22	-0.06	-0.29	-0.47	0.65
Total Current Assets	0.97	0.58	0.1	0.31	0.57	0.45	0.56	0.41	0.63	0.3	0.62	-0.27	0.34	0.42	-0.54	0.64	0.87	0.41	0.37	0.62	0.22		-0.42	0.27	-0.28	0.49
Short Term Debt	-0.31	-0.44	-0.17	-0.33	0.19	-0.18	-0.32	0.29	-0.7	-0.5	-0.22	0.2	-0.5	0.0	0.32	-0.5	-0.16	-0.37	-0.19	-0.5	-0.06	-0.42		0.02	0.36	-0.49
Intangible Assets	0.43	-0.06	-0.42	-0.52	0.61	-0.02	0.05	0.64	-0.07	-0.25	0.24	-0.41	-0.28	0.28	-0.14	0.13	0.38	0.04	-0.34	-0.07	-0.29	0.27	0.02		0.18	-0.26
Current Deferred Revenue	-0.16	-0.61	-0.23	-0.41	0.32	-0.79	-0.5	0.42	-0.6	-0.34	-0.82	-0.15	-0.47	0.07	-0.51	-0.64	-0.12	-0.54	-0.55	-0.46	-0.47	-0.28	0.36	0.18		-0.48
Other Assets	0.39	0.86	0.66	0.7	-0.23	0.61	0.75	-0.4	0.34	0.58	0.37	0.33	0.62	-0.12	-0.27	0.81	0.23	0.62	0.33	0.87	0.65	0.49	-0.49	-0.26	-0.48

Click cells to compare fundamentals

Gildan Activewear Account Relationship Matchups

Gildan Activewear fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.2B	3.0B	3.1B	3.4B	3.5B	1.9B
Short Long Term Debt Total	926.5M	1.1B	709.1M	1.0B	1.1B	1.1B
Other Current Liab	1.3M	69.7M	7.9M	6.6M	84.9M	89.1M
Total Current Liabilities	422.4M	359.6M	463.6M	641.7M	724.1M	760.3M
Total Stockholder Equity	1.8B	1.6B	1.9B	1.9B	2.0B	1.2B
Property Plant And Equipment Net	1.1B	956.2M	1.1B	1.2B	1.3B	1.3B
Net Debt	862.4M	577.2M	529.9M	873.6M	993.4M	1.0B
Retained Earnings	1.6B	1.4B	1.6B	1.6B	1.6B	1.1B
Accounts Payable	406.6M	343.7M	440.4M	471.2M	323.4M	223.8M
Cash	64.1M	505.3M	179.2M	150.4M	89.6M	92.6M
Non Current Assets Total	1.7B	1.5B	1.7B	1.7B	1.8B	926.3M
Non Currrent Assets Other	6.7M	6.0M	3.8M	2.5M	38.3M	40.2M
Cash And Short Term Investments	64.1M	505.3M	179.2M	150.4M	134.8M	88.9M
Net Receivables	320.9M	201.1M	330.0M	248.8M	412.5M	221.6M
Common Stock Shares Outstanding	204.6M	198.4M	197.6M	184.1M	176.2M	241.3M
Liabilities And Stockholders Equity	3.2B	3.0B	3.1B	3.4B	3.5B	1.8B
Non Current Liabilities Total	954.2M	1.1B	753.7M	916.4M	833.3M	875.0M
Inventory	1.1B	728.0M	774.4M	1.2B	1.1B	550.9M
Other Current Assets	77.1M	110.1M	163.7M	53.5M	50.8M	35.8M
Other Stockholder Equity	32.8M	24.9M	58.1M	79.5M	61.4M	45.0M
Total Liab	1.4B	1.5B	1.2B	1.6B	1.6B	1.6B
Property Plant And Equipment Gross	1.1B	956.2M	1.1B	1.2B	2.5B	2.6B
Total Current Assets	1.5B	1.5B	1.4B	1.7B	1.7B	902.2M
Accumulated Other Comprehensive Income	(535K)	(9.0M)	64.8M	9.8M	13.7M	12.6M
Short Term Debt	14.5M	15.9M	15.3M	163.8M	314.2M	329.9M
Intangible Assets	383.9M	289.9M	306.6M	230.0M	261.4M	226.7M
Other Assets	16.6M	23.7M	21.5M	18.4M	21.1M	22.2M
Good Will	227.9M	206.6M	283.8M	271.7M	312.4M	190.4M
Common Stock Total Equity	159.2M	159.9M	174.2M	183.9M	211.5M	153.4M
Common Stock	174.2M	183.9M	191.7M	202.3M	271.2M	169.5M
Other Liab	42.2M	35.9M	59.9M	56.2M	64.6M	46.3M
Net Tangible Assets	1.2B	1.1B	1.3B	1.4B	1.2B	1.1B
Property Plant Equipment	1.1B	956.2M	1.1B	1.2B	1.4B	1.1B
Long Term Debt	669M	845M	1B	780M	685M	680.3M
Short Term Investments	46.0M	88.8M	70.0M	48.3M	45.1M	48.4M
Short Long Term Debt	630M	521K	2.1M	150M	300M	252.0M
Long Term Debt Total	912.0M	1.1B	693.8M	860.2M	989.2M	853.5M
Capital Surpluse	32.8M	24.9M	58.1M	79.5M	91.4M	96.0M
Non Current Liabilities Other	42.2M	35.9M	59.9M	56.2M	64.6M	48.0M

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 together with Gildan Stock

0.72

BHC

Bausch Health Companies

Pair Corr

Moving against Gildan Stock

0.93	THRM	Therma Bright	Pair Corr
0.62	FUND	Katipult Technology Corp	Pair Corr
0.42	QBR-A	Quebecor	Pair Corr
0.37	XIM	Ximen Mining Corp	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Gildan Activewear is a strong investment it is important to analyze Gildan Activewear's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Gildan Activewear's future performance. For an informed investment choice regarding Gildan Stock, refer to the following important reports:

How To Invest In Gildan

Details

Is Gildan Stock a good investment?

Details

What is Gildan Activewear's Net Worth?

Details

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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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Please note, there is a significant difference between Gildan Activewear's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gildan Activewear is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gildan Activewear's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Gildan Ebitda vs Non Recurring Analysis

Ebitda vs Non Recurring

Ebitda vs Non Recurring Correlation Analysis

Correlation Coefficient

Ebitda

Non Recurring

Gildan Activewear fundamental ratios Correlations

Gildan Activewear Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gildan Activewear fundamental ratios Accounts

Pair Trading with Gildan Activewear

Moving together with Gildan Stock

Moving against Gildan Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 0.99	Cash
Total Current Assets	+ 0.97	Total Assets
Total Liab	+ 0.97	Short Long Term Debt Total
Retained Earnings	+ 0.97	Total Stockholder Equity
Non Current Liabilities Total	+ 0.96	Short Long Term Debt Total
Net Debt	+ 0.95	Short Long Term Debt Total

Current Deferred Revenue	- 0.82	Non Current Assets Total
Current Deferred Revenue	- 0.79	Property Plant And Equipment Net
Short Term Debt	- 0.7	Accounts Payable
Current Deferred Revenue	- 0.64	Non Current Liabilities Total
Current Deferred Revenue	- 0.61	Short Long Term Debt Total
Current Deferred Revenue	- 0.6	Accounts Payable