Imperial Days Sales Outstanding vs Free Cash Flow Yield 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 Days Sales Outstanding and its Free Cash Flow Yield 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.

Days Sales Outstanding vs Free Cash Flow Yield

Days Sales Outstanding vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Imperial Oil Days Sales Outstanding account and Free Cash Flow Yield. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Imperial Oil's Days Sales Outstanding and Free Cash Flow Yield is 0.51. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Free Cash Flow Yield 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 Days Sales Outstanding and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Imperial Oil are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Days Sales Outstanding i.e., Imperial Oil's Days Sales Outstanding and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.51
Relationship DirectionPositive 
Relationship StrengthWeak

Days Sales Outstanding

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
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 9th 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 Expense54M60M69M76.2M
Depreciation And Amortization2.0B1.9B1.9B1.1B

Imperial Oil fundamental ratios Correlations

0.78-0.680.50.980.970.580.980.250.980.230.250.24-0.820.960.12-0.520.970.540.450.260.230.43-0.180.010.85
0.78-0.550.20.760.840.920.74-0.130.840.34-0.13-0.09-0.40.850.06-0.320.760.360.00.630.14-0.05-0.17-0.230.48
-0.68-0.55-0.11-0.7-0.7-0.48-0.680.0-0.70.080.0-0.240.62-0.72-0.370.34-0.62-0.52-0.16-0.020.07-0.050.060.11-0.55
0.50.2-0.110.360.370.00.360.450.390.70.450.46-0.680.290.11-0.290.650.470.620.340.080.87-0.550.610.64
0.980.76-0.70.360.980.591.00.170.980.110.170.16-0.760.960.07-0.550.910.460.350.20.250.32-0.09-0.070.82
0.970.84-0.70.370.980.720.980.041.00.210.040.06-0.720.960.01-0.610.910.420.220.370.250.25-0.2-0.040.82
0.580.92-0.480.00.590.720.59-0.50.710.3-0.5-0.34-0.190.67-0.06-0.360.530.14-0.340.730.03-0.31-0.2-0.210.36
0.980.74-0.680.361.00.980.590.140.980.120.140.1-0.760.940.0-0.620.90.40.310.220.30.31-0.13-0.050.85
0.25-0.130.00.450.170.04-0.50.140.060.01.00.66-0.40.190.30.190.340.460.88-0.450.240.670.140.020.15
0.980.84-0.70.390.981.00.710.980.060.220.060.08-0.730.960.02-0.60.920.440.250.370.250.27-0.2-0.030.83
0.230.340.080.70.110.210.30.120.00.220.0-0.05-0.220.11-0.14-0.190.380.080.110.760.10.36-0.560.480.3
0.25-0.130.00.450.170.04-0.50.141.00.060.00.66-0.40.190.30.190.340.460.88-0.450.240.670.140.020.15
0.24-0.09-0.240.460.160.06-0.340.10.660.08-0.050.66-0.570.190.80.250.340.860.79-0.42-0.470.690.010.320.25
-0.82-0.40.62-0.68-0.76-0.72-0.19-0.76-0.4-0.73-0.22-0.4-0.57-0.73-0.340.51-0.86-0.69-0.66-0.010.0-0.750.38-0.34-0.92
0.960.85-0.720.290.960.960.670.940.190.960.110.190.19-0.730.17-0.430.920.530.360.230.20.25-0.08-0.20.74
0.120.06-0.370.110.070.01-0.060.00.30.02-0.140.30.8-0.340.170.470.180.770.48-0.28-0.760.230.050.080.0
-0.52-0.320.34-0.29-0.55-0.61-0.36-0.620.19-0.6-0.190.190.250.51-0.430.47-0.460.060.16-0.34-0.43-0.20.43-0.28-0.75
0.970.76-0.620.650.910.910.530.90.340.920.380.340.34-0.860.920.18-0.460.620.550.320.190.56-0.290.10.85
0.540.36-0.520.470.460.420.140.40.460.440.080.460.86-0.690.530.770.060.620.64-0.09-0.430.55-0.150.210.43
0.450.0-0.160.620.350.22-0.340.310.880.250.110.880.79-0.660.360.480.160.550.64-0.370.00.840.010.160.4
0.260.63-0.020.340.20.370.730.22-0.450.370.76-0.45-0.42-0.010.23-0.28-0.340.32-0.09-0.370.1-0.11-0.510.210.22
0.230.140.070.080.250.250.030.30.240.250.10.24-0.470.00.2-0.76-0.430.19-0.430.00.10.04-0.03-0.220.17
0.43-0.05-0.050.870.320.25-0.310.310.670.270.360.670.69-0.750.250.23-0.20.560.550.84-0.110.04-0.320.580.62
-0.18-0.170.06-0.55-0.09-0.2-0.2-0.130.14-0.2-0.560.140.010.38-0.080.050.43-0.29-0.150.01-0.51-0.03-0.32-0.45-0.43
0.01-0.230.110.61-0.07-0.04-0.21-0.050.02-0.030.480.020.32-0.34-0.20.08-0.280.10.210.160.21-0.220.58-0.450.35
0.850.48-0.550.640.820.820.360.850.150.830.30.150.25-0.920.740.0-0.750.850.430.40.220.170.62-0.430.35
Click cells to compare fundamentals

Imperial Oil Account Relationship Matchups

Imperial Oil fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets42.2B38.0B40.8B43.5B41.2B23.9B
Short Long Term Debt Total5.3B5.3B5.3B4.3B4.3B3.1B
Other Current Liab667M271M740M656M568M633.0M
Total Current Liabilities4.6B3.4B5.6B8.9B6.6B4.0B
Total Stockholder Equity24.3B21.4B21.7B22.4B22.2B12.6B
Property Plant And Equipment Net34.2B32.0B31.2B30.5B31.0B18.5B
Net Debt3.6B4.5B3.2B557M3.5B2.2B
Retained Earnings24.8B22.1B21.7B21.8B21.9B11.2B
Cash1.7B771M2.2B3.7B864M915.2M
Non Current Assets Total35.9B33.5B33.0B32.8B32.9B19.5B
Non Currrent Assets Other578M526M806M1.2B925M590.8M
Cash And Short Term Investments1.7B771M2.2B3.7B864M916.9M
Net Receivables2.7B1.9B3.9B4.7B4.5B4.7B
Common Stock Shares Outstanding765M735.3M713.2M641.5M575.9M926.1M
Liabilities And Stockholders Equity42.2B38.0B40.8B43.5B41.2B23.9B
Non Current Liabilities Total13.3B13.2B13.5B12.2B12.4B7.2B
Inventory1.9B1.8B1.8B2.3B3.0B3.1B
Other Stockholder Equity(1.9B)(2.0B)(1.2B)(512M)(460.8M)(437.8M)
Total Liab17.9B16.6B19.0B21.1B19.0B11.2B
Property Plant And Equipment Gross34.2B32.0B56.8B54.6B56.2B59.0B
Total Current Assets6.3B4.5B7.8B10.7B8.3B4.3B
Accumulated Other Comprehensive Income(1.9B)(2.0B)(1.2B)(512M)(677M)(710.9M)
Short Term Debt377M211M100M244M208M197.6M
Other Current Assets616M673M689M754M(1.1B)(1.1B)
Accounts Payable3.4B2.6B4.5B5.4B4.7B2.9B
Other Assets318M338M561M978M1.1B1.2B
Common Stock Total Equity1.5B1.4B1.4B1.4B1.2B1.2B
Common Stock1.4B1.4B1.3B1.1B992M1.1B
Other Liab8.2B8.2B8.3B8.0B9.2B8.6B
Net Tangible Assets24.1B21.3B21.6B22.2B25.6B25.0B
Property Plant Equipment34.5B32.2B31.5B30.8B27.7B27.1B
Long Term Investments891M781M757M893M1.1B768.3M
Long Term Debt Total5.0B5.0B5.1B4.0B3.6B4.1B
Capital Lease Obligations657M605M754M737M783M716.4M

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

  0.83ENB-PFV Enbridge Pref 5PairCorr
  0.77ENB-PFU Enbridge Pref LPairCorr
  0.66ENS E Split CorpPairCorr

Moving against Imperial Stock

  0.58SLF-PG Sun Life NonPairCorr
  0.55SAGE Sage Potash CorpPairCorr
  0.52MFC-PC Manulife Finl SrsPairCorr
  0.44SLF-PD Sun Life FinancialPairCorr
  0.38SLF-PC Sun Life FinancialPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether Imperial Oil offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Imperial Oil's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Imperial Oil Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Imperial Oil Stock:
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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
Please note, there is a significant difference between Imperial Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Imperial Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Imperial Oil'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.