Gear Total Current Assets vs Total Revenue Analysis

GXE Stock  CAD 0.50  0.01  1.96%   
Gear Energy financial indicator trend analysis is much more than just examining Gear Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gear Energy is a good investment. Please check the relationship between Gear Energy Total Current Assets and its Total Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gear Energy. 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.

Total Current Assets vs Total Revenue

Total Current Assets vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gear Energy Total Current Assets account and Total Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Gear Energy's Total Current Assets and Total Revenue is 0.77. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Gear Energy, assuming nothing else is changed. The correlation between historical values of Gear Energy's Total Current Assets and Total Revenue 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 Current Assets of Gear Energy are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Current Assets i.e., Gear Energy's Total Current Assets and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Total Revenue

Total revenue comprises all receipts Gear Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Gear Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gear Energy 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 Gear Energy. 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.
At this time, Gear Energy's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 12.1 M, while Enterprise Value is likely to drop about 124.6 M.
 2021 2022 2023 2024 (projected)
Interest Expense4.4M3.3M4.5M4.2M
Depreciation And Amortization36.9M39.6M45.2M41.2M

Gear Energy fundamental ratios Correlations

0.130.48-0.170.80.990.11-0.370.721.00.610.740.690.660.890.410.660.690.540.75-0.340.75-0.40.790.72-0.7
0.130.330.46-0.390.211.0-0.040.110.12-0.19-0.18-0.350.28-0.160.55-0.180.68-0.680.220.51-0.21-0.680.14-0.42-0.17
0.480.330.480.230.460.310.060.620.430.70.09-0.060.120.390.660.080.510.030.840.520.09-0.70.360.18-0.49
-0.170.460.48-0.27-0.170.450.680.4-0.210.11-0.68-0.74-0.59-0.380.53-0.640.06-0.330.320.82-0.68-0.58-0.48-0.280.17
0.8-0.390.23-0.270.74-0.42-0.080.650.80.630.650.730.260.850.070.520.110.810.53-0.50.65-0.020.450.97-0.38
0.990.210.46-0.170.740.18-0.390.690.990.560.730.670.70.870.370.660.740.470.7-0.340.73-0.430.810.67-0.65
0.111.00.310.45-0.420.18-0.070.080.09-0.22-0.17-0.350.29-0.190.57-0.170.68-0.690.210.5-0.2-0.640.14-0.45-0.2
-0.37-0.040.060.68-0.08-0.39-0.070.17-0.38-0.04-0.8-0.68-0.85-0.37-0.04-0.86-0.51-0.15-0.120.53-0.81-0.19-0.81-0.050.68
0.720.110.620.40.650.690.080.170.70.720.240.230.080.620.440.250.420.420.780.150.25-0.650.290.58-0.36
1.00.120.43-0.210.80.990.09-0.380.70.580.760.710.680.90.360.680.680.540.71-0.380.77-0.370.80.73-0.67
0.61-0.190.70.110.630.56-0.22-0.040.720.580.390.410.130.680.210.410.250.510.760.050.4-0.380.410.59-0.42
0.74-0.180.09-0.680.650.73-0.17-0.80.240.760.390.940.790.760.070.950.440.570.39-0.680.990.130.880.64-0.73
0.69-0.35-0.06-0.740.730.67-0.35-0.680.230.710.410.940.680.8-0.130.90.260.680.28-0.80.940.270.750.7-0.55
0.660.280.12-0.590.260.70.29-0.850.080.680.130.790.680.60.150.780.770.110.28-0.460.8-0.150.920.2-0.66
0.89-0.160.39-0.380.850.87-0.19-0.370.620.90.680.760.80.60.140.70.450.620.63-0.440.78-0.180.740.77-0.56
0.410.550.660.530.070.370.57-0.040.440.360.210.07-0.130.150.140.020.59-0.060.770.40.08-0.480.30.02-0.66
0.66-0.180.08-0.640.520.66-0.17-0.860.250.680.410.950.90.780.70.020.470.530.37-0.610.960.10.860.49-0.73
0.690.680.510.060.110.740.68-0.510.420.680.250.440.260.770.450.590.47-0.090.610.050.46-0.630.760.02-0.69
0.54-0.680.03-0.330.810.47-0.69-0.150.420.540.510.570.680.110.62-0.060.53-0.090.36-0.640.60.330.360.81-0.33
0.750.220.840.320.530.70.21-0.120.780.710.760.390.280.280.630.770.370.610.360.180.41-0.540.550.46-0.75
-0.340.510.520.82-0.5-0.340.50.530.15-0.380.05-0.68-0.8-0.46-0.440.4-0.610.05-0.640.18-0.7-0.63-0.44-0.50.18
0.75-0.210.09-0.680.650.73-0.2-0.810.250.770.40.990.940.80.780.080.960.460.60.41-0.70.140.890.61-0.75
-0.4-0.68-0.7-0.58-0.02-0.43-0.64-0.19-0.65-0.37-0.380.130.27-0.15-0.18-0.480.1-0.630.33-0.54-0.630.14-0.170.040.17
0.790.140.36-0.480.450.810.14-0.810.290.80.410.880.750.920.740.30.860.760.360.55-0.440.89-0.170.4-0.83
0.72-0.420.18-0.280.970.67-0.45-0.050.580.730.590.640.70.20.770.020.490.020.810.46-0.50.610.040.4-0.32
-0.7-0.17-0.490.17-0.38-0.65-0.20.68-0.36-0.67-0.42-0.73-0.55-0.66-0.56-0.66-0.73-0.69-0.33-0.750.18-0.750.17-0.83-0.32
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Gear Energy Account Relationship Matchups

Gear Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets361.4M262.3M318.8M349.4M338.8M326.2M
Short Long Term Debt Total77.0M63.6M26.4M7.1M21.2M20.1M
Other Current Liab5.9M2.7M9.9M6.9M6.3M7.4M
Total Current Liabilities32.0M14.0M21.6M26.2M21.1M33.5M
Total Stockholder Equity182.3M104.9M199.0M251.6M236.7M178.1M
Property Plant And Equipment Net317.0M244.9M263.6M283.0M287.3M279.4M
Net Debt77.0M68.6M26.4M7.1M21.2M20.1M
Retained Earnings(173.8M)(251.1M)(170.6M)(114.2M)(130.5M)(137.0M)
Accounts Payable13.3M6.3M11.7M19.3M14.8M13.6M
Non Current Assets Total340.3M244.9M296.5M324.2M317.0M303.4M
Net Receivables11.3M8.5M12.4M12.7M12.4M11.0M
Common Stock Total Equity311.2M337.7M335.5M333.7M383.8M285.5M
Common Stock Shares Outstanding218.9M216.5M263.0M264.2M263.3M176.9M
Liabilities And Stockholders Equity361.4M262.3M318.8M349.4M338.8M326.2M
Non Current Liabilities Total147.1M143.3M98.1M71.6M81.0M102.0M
Inventory6.5M5.6M6.6M8.2M6.8M6.5M
Other Current Assets3.2M3.2M3.2M4.4M2.7M3.7M
Other Stockholder Equity18.1M19.8M19.3M17.8M18.3M15.9M
Total Liab179.1M157.3M119.7M97.8M102.1M148.1M
Property Plant And Equipment Gross317.0M244.9M887.4M935.5M963.3M1.0B
Total Current Assets21.1M17.3M22.2M25.3M21.9M22.7M
Common Stock335.5M333.7M350.3M348.0M348.9M308.2M
Other Liab82.9M84.8M71.7M64.5M74.1M78.6M
Net Tangible Assets182.3M104.9M199.0M251.6M289.4M178.5M
Other Assets23.3M0.032.9M41.1M47.3M25.1M
Property Plant Equipment317.0M244.9M263.6M283.0M325.5M292.3M
Long Term Debt64.3M58.6M26.4M7.1M21.2M33.5M
Long Term Debt Total64.3M58.6M26.4M7.1M6.4M6.1M
Capital Surpluse18.1M19.8M19.3M17.8M20.5M18.2M
Non Currrent Assets Other283.5M1.6M340.3M(244.9M)(220.4M)(209.4M)
Net Invested Capital259.2M163.5M225.4M258.7M257.9M259.7M
Net Working Capital(10.9M)3.3M587K(971K)756K569.4K
Capital Stock335.5M333.7M350.3M348.0M348.9M376.6M

Pair Trading with Gear Energy

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 Gear Energy 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 Gear Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Gear Stock

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The ability to find closely correlated positions to Gear Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gear Energy 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 Gear Energy - 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 Gear Energy to buy it.
The correlation of Gear Energy 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 Gear Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gear Energy 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 Gear Energy 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 Gear Stock

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