Imperial Average Payables vs Price To Sales Ratio Analysis
IMO Stock | CAD 101.01 1.14 1.12% |
Imperial Oil financial indicator trend analysis is infinitely more than just investigating Imperial Oil recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Imperial Oil is a good investment. Please check the relationship between Imperial Oil Average Payables and its Price To Sales Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imperial Oil. 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 Imperial Stock, please use our How to Invest in Imperial Oil guide.
Average Payables vs Price To Sales Ratio
Average Payables vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Imperial Oil Average Payables account and Price To Sales Ratio. At this time, the significance of the direction appears to have weak relationship.
The correlation between Imperial Oil's Average Payables and Price To Sales Ratio is 0.3. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Imperial Oil, assuming nothing else is changed. The correlation between historical values of Imperial Oil's Average Payables and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Imperial Oil are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Average Payables i.e., Imperial Oil's Average Payables and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Imperial Oil stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Imperial Oil sales, a figure that is much harder to manipulate than other Imperial Oil multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Most indicators from Imperial Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Imperial Oil 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 Imperial Oil. 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 Imperial Stock, please use our How to Invest in Imperial Oil guide.As of the 7th of December 2024, Selling General Administrative is likely to grow to about 1 B. Also, Tax Provision is likely to grow to about 1.6 B
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 54M | 60M | 69M | 76.2M | Depreciation And Amortization | 2.0B | 1.9B | 1.9B | 1.1B |
Imperial Oil fundamental ratios Correlations
Click cells to compare fundamentals
Imperial Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Imperial Oil fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 42.2B | 38.0B | 40.8B | 43.5B | 41.2B | 23.9B | |
Short Long Term Debt Total | 5.3B | 5.3B | 5.3B | 4.3B | 4.3B | 3.1B | |
Other Current Liab | 667M | 271M | 740M | 656M | 568M | 633.0M | |
Total Current Liabilities | 4.6B | 3.4B | 5.6B | 8.9B | 6.6B | 4.0B | |
Total Stockholder Equity | 24.3B | 21.4B | 21.7B | 22.4B | 22.2B | 12.6B | |
Property Plant And Equipment Net | 34.2B | 32.0B | 31.2B | 30.5B | 31.0B | 18.5B | |
Net Debt | 3.6B | 4.5B | 3.2B | 557M | 3.5B | 2.2B | |
Retained Earnings | 24.8B | 22.1B | 21.7B | 21.8B | 21.9B | 11.2B | |
Cash | 1.7B | 771M | 2.2B | 3.7B | 864M | 915.2M | |
Non Current Assets Total | 35.9B | 33.5B | 33.0B | 32.8B | 32.9B | 19.5B | |
Non Currrent Assets Other | 578M | 526M | 806M | 1.2B | 925M | 590.8M | |
Cash And Short Term Investments | 1.7B | 771M | 2.2B | 3.7B | 864M | 916.9M | |
Net Receivables | 2.7B | 1.9B | 3.9B | 4.7B | 4.5B | 4.7B | |
Common Stock Shares Outstanding | 765M | 735.3M | 713.2M | 641.5M | 575.9M | 926.1M | |
Liabilities And Stockholders Equity | 42.2B | 38.0B | 40.8B | 43.5B | 41.2B | 23.9B | |
Non Current Liabilities Total | 13.3B | 13.2B | 13.5B | 12.2B | 12.4B | 7.2B | |
Inventory | 1.9B | 1.8B | 1.8B | 2.3B | 3.0B | 3.1B | |
Other Stockholder Equity | (1.9B) | (2.0B) | (1.2B) | (512M) | (460.8M) | (437.8M) | |
Total Liab | 17.9B | 16.6B | 19.0B | 21.1B | 19.0B | 11.2B | |
Property Plant And Equipment Gross | 34.2B | 32.0B | 56.8B | 54.6B | 56.2B | 59.0B | |
Total Current Assets | 6.3B | 4.5B | 7.8B | 10.7B | 8.3B | 4.3B | |
Accumulated Other Comprehensive Income | (1.9B) | (2.0B) | (1.2B) | (512M) | (677M) | (710.9M) | |
Short Term Debt | 377M | 211M | 100M | 244M | 208M | 197.6M | |
Other Current Assets | 616M | 673M | 689M | 754M | (1.1B) | (1.1B) | |
Accounts Payable | 3.4B | 2.6B | 4.5B | 5.4B | 4.7B | 2.9B | |
Other Assets | 318M | 338M | 561M | 978M | 1.1B | 1.2B | |
Common Stock Total Equity | 1.5B | 1.4B | 1.4B | 1.4B | 1.2B | 1.2B | |
Common Stock | 1.4B | 1.4B | 1.3B | 1.1B | 992M | 1.1B | |
Other Liab | 8.2B | 8.2B | 8.3B | 8.0B | 9.2B | 8.6B | |
Net Tangible Assets | 24.1B | 21.3B | 21.6B | 22.2B | 25.6B | 25.0B | |
Property Plant Equipment | 34.5B | 32.2B | 31.5B | 30.8B | 27.7B | 27.1B | |
Long Term Investments | 891M | 781M | 757M | 893M | 1.1B | 768.3M | |
Long Term Debt Total | 5.0B | 5.0B | 5.1B | 4.0B | 3.6B | 4.1B | |
Capital Lease Obligations | 657M | 605M | 754M | 737M | 783M | 716.4M |
Pair Trading with Imperial Oil
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 Imperial Oil 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 Imperial Oil will appreciate offsetting losses from the drop in the long position's value.Moving together with Imperial Stock
0.83 | ENB-PFV | Enbridge Pref 5 | PairCorr |
0.77 | ENB-PFU | Enbridge Pref L | PairCorr |
0.66 | ENS | E Split Corp | PairCorr |
Moving against Imperial Stock
The ability to find closely correlated positions to Imperial Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Imperial Oil 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 Imperial Oil - 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 Imperial Oil to buy it.
The correlation of Imperial Oil 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 Imperial Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imperial Oil 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 Imperial Oil 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 Imperial Oil. 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 Imperial Stock, please use our How to Invest in Imperial Oil guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.