Gildan Total Other Income Expense Net vs Operating Income 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 Total Other Income Expense Net and its Operating Income 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.

Total Other Income Expense Net vs Operating Income

Total Other Income Expense Net vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gildan Activewear Total Other Income Expense Net account and Operating Income. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Gildan Activewear's Total Other Income Expense Net and Operating Income is 0.13. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Operating Income 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 Total Other Income Expense Net and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Gildan Activewear are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Other Income Expense Net i.e., Gildan Activewear's Total Other Income Expense Net and Operating Income go up and down completely randomly.

Correlation Coefficient

0.13
Relationship DirectionPositive 
Relationship StrengthInsignificant

Total Other Income Expense Net

Operating Income

Operating Income is the amount of profit realized from Gildan Activewear operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Gildan Activewear is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
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 Profit940.2M992.4M880.1M468.2M
Total Revenue2.9B3.2B3.2B1.7B

Gildan Activewear fundamental ratios Correlations

0.5-0.010.20.70.40.520.550.530.160.6-0.30.190.49-0.570.570.90.380.30.540.160.97-0.310.43-0.160.39
0.50.650.74-0.160.820.95-0.320.370.420.60.350.5-0.03-0.140.960.440.420.480.970.770.58-0.44-0.06-0.610.86
-0.010.650.7-0.430.440.56-0.52-0.140.430.070.740.49-0.05-0.080.5-0.120.070.220.640.780.1-0.17-0.42-0.230.66
0.20.740.7-0.280.650.75-0.430.350.120.270.60.20.1-0.150.570.250.140.590.790.860.31-0.33-0.52-0.410.7
0.7-0.16-0.43-0.28-0.02-0.040.970.11-0.310.23-0.49-0.330.66-0.4-0.080.660.04-0.03-0.1-0.220.570.190.610.32-0.23
0.40.820.440.65-0.020.83-0.150.40.120.820.350.240.180.290.80.390.40.620.730.810.45-0.18-0.02-0.790.61
0.520.950.560.75-0.040.83-0.20.30.130.580.420.210.1-0.160.90.540.270.50.940.810.56-0.320.05-0.50.75
0.55-0.32-0.52-0.430.97-0.15-0.2-0.02-0.370.1-0.54-0.410.62-0.3-0.230.53-0.09-0.15-0.27-0.340.410.290.640.42-0.4
0.530.37-0.140.350.110.40.3-0.020.30.59-0.360.350.18-0.130.450.470.510.520.410.050.63-0.7-0.07-0.60.34
0.160.420.430.12-0.310.120.13-0.370.30.13-0.150.99-0.38-0.160.47-0.120.550.020.390.020.3-0.5-0.25-0.340.58
0.60.60.070.270.230.820.580.10.590.130.00.260.30.260.670.550.50.540.470.430.62-0.220.24-0.820.37
-0.30.350.740.6-0.490.350.42-0.54-0.36-0.150.0-0.07-0.060.210.17-0.21-0.210.180.310.76-0.270.2-0.41-0.150.33
0.190.50.490.2-0.330.240.21-0.410.350.990.26-0.07-0.33-0.090.53-0.080.580.110.440.130.34-0.5-0.28-0.470.62
0.49-0.03-0.050.10.660.180.10.620.18-0.380.3-0.06-0.33-0.17-0.040.41-0.010.310.020.180.420.00.280.07-0.12
-0.57-0.14-0.08-0.15-0.40.29-0.16-0.3-0.13-0.160.260.21-0.09-0.17-0.13-0.49-0.040.11-0.330.11-0.540.32-0.14-0.51-0.27
0.570.960.50.57-0.080.80.9-0.230.450.470.670.170.53-0.04-0.130.480.520.420.920.620.64-0.50.13-0.640.81
0.90.44-0.120.250.660.390.540.530.47-0.120.55-0.21-0.080.41-0.490.480.090.310.490.180.87-0.160.38-0.120.23
0.380.420.070.140.040.40.27-0.090.510.550.5-0.210.58-0.01-0.040.520.090.230.390.130.41-0.370.04-0.540.62
0.30.480.220.59-0.030.620.5-0.150.520.020.540.180.110.310.110.420.310.230.460.490.37-0.19-0.34-0.550.33
0.540.970.640.79-0.10.730.94-0.270.410.390.470.310.440.02-0.330.920.490.390.460.730.62-0.5-0.07-0.460.87
0.160.770.780.86-0.220.810.81-0.340.050.020.430.760.130.180.110.620.180.130.490.730.22-0.06-0.29-0.470.65
0.970.580.10.310.570.450.560.410.630.30.62-0.270.340.42-0.540.640.870.410.370.620.22-0.420.27-0.280.49
-0.31-0.44-0.17-0.330.19-0.18-0.320.29-0.7-0.5-0.220.2-0.50.00.32-0.5-0.16-0.37-0.19-0.5-0.06-0.420.020.36-0.49
0.43-0.06-0.42-0.520.61-0.020.050.64-0.07-0.250.24-0.41-0.280.28-0.140.130.380.04-0.34-0.07-0.290.270.020.18-0.26
-0.16-0.61-0.23-0.410.32-0.79-0.50.42-0.6-0.34-0.82-0.15-0.470.07-0.51-0.64-0.12-0.54-0.55-0.46-0.47-0.280.360.18-0.48
0.390.860.660.7-0.230.610.75-0.40.340.580.370.330.62-0.12-0.270.810.230.620.330.870.650.49-0.49-0.26-0.48
Click cells to compare fundamentals

Gildan Activewear Account Relationship Matchups

Gildan Activewear fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.2B3.0B3.1B3.4B3.5B1.9B
Short Long Term Debt Total926.5M1.1B709.1M1.0B1.1B1.1B
Other Current Liab1.3M69.7M7.9M6.6M84.9M89.1M
Total Current Liabilities422.4M359.6M463.6M641.7M724.1M760.3M
Total Stockholder Equity1.8B1.6B1.9B1.9B2.0B1.2B
Property Plant And Equipment Net1.1B956.2M1.1B1.2B1.3B1.3B
Net Debt862.4M577.2M529.9M873.6M993.4M1.0B
Retained Earnings1.6B1.4B1.6B1.6B1.6B1.1B
Accounts Payable406.6M343.7M440.4M471.2M323.4M223.8M
Cash64.1M505.3M179.2M150.4M89.6M92.6M
Non Current Assets Total1.7B1.5B1.7B1.7B1.8B926.3M
Non Currrent Assets Other6.7M6.0M3.8M2.5M38.3M40.2M
Cash And Short Term Investments64.1M505.3M179.2M150.4M134.8M88.9M
Net Receivables320.9M201.1M330.0M248.8M412.5M221.6M
Common Stock Shares Outstanding204.6M198.4M197.6M184.1M176.2M241.3M
Liabilities And Stockholders Equity3.2B3.0B3.1B3.4B3.5B1.8B
Non Current Liabilities Total954.2M1.1B753.7M916.4M833.3M875.0M
Inventory1.1B728.0M774.4M1.2B1.1B550.9M
Other Current Assets77.1M110.1M163.7M53.5M50.8M35.8M
Other Stockholder Equity32.8M24.9M58.1M79.5M61.4M45.0M
Total Liab1.4B1.5B1.2B1.6B1.6B1.6B
Property Plant And Equipment Gross1.1B956.2M1.1B1.2B2.5B2.6B
Total Current Assets1.5B1.5B1.4B1.7B1.7B902.2M
Accumulated Other Comprehensive Income(535K)(9.0M)64.8M9.8M13.7M12.6M
Short Term Debt14.5M15.9M15.3M163.8M314.2M329.9M
Intangible Assets383.9M289.9M306.6M230.0M261.4M226.7M
Other Assets16.6M23.7M21.5M18.4M21.1M22.2M
Good Will227.9M206.6M283.8M271.7M312.4M190.4M
Common Stock Total Equity159.2M159.9M174.2M183.9M211.5M153.4M
Common Stock174.2M183.9M191.7M202.3M271.2M169.5M
Other Liab42.2M35.9M59.9M56.2M64.6M46.3M
Net Tangible Assets1.2B1.1B1.3B1.4B1.2B1.1B
Property Plant Equipment1.1B956.2M1.1B1.2B1.4B1.1B
Long Term Debt669M845M1B780M685M680.3M
Short Term Investments46.0M88.8M70.0M48.3M45.1M48.4M
Short Long Term Debt630M521K2.1M150M300M252.0M
Long Term Debt Total912.0M1.1B693.8M860.2M989.2M853.5M
Capital Surpluse32.8M24.9M58.1M79.5M91.4M96.0M
Non Current Liabilities Other42.2M35.9M59.9M56.2M64.6M48.0M

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

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Moving against Gildan Stock

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  0.37XIM Ximen Mining CorpPairCorr
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 CorrelationCorrelation 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:
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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.