Pason Minority Interest vs Income Before Tax Analysis

PSI Stock  CAD 14.17  0.06  0.42%   
Pason Systems financial indicator trend analysis is much more than just breaking down Pason Systems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pason Systems is a good investment. Please check the relationship between Pason Systems Minority Interest and its Income Before Tax accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pason Systems. 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.

Minority Interest vs Income Before Tax

Minority Interest vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pason Systems Minority Interest account and Income Before Tax. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Pason Systems' Minority Interest and Income Before Tax is 0.48. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Pason Systems, assuming nothing else is changed. The correlation between historical values of Pason Systems' Minority Interest and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of Pason Systems are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Minority Interest i.e., Pason Systems' Minority Interest and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.48
Relationship DirectionPositive 
Relationship StrengthWeak

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Pason Systems whose combined shares represent less than 50% of the total outstanding shares issued by Pason Systems have a minority interest in Pason Systems.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Pason Systems income statement and is an important metric when analyzing Pason Systems profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Pason Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pason Systems 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pason Systems. 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, Pason Systems' 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 36.1 M, while Issuance Of Capital Stock is likely to drop about 124.8 K.
 2021 2022 2023 2024 (projected)
Gross Profit93.3M191.7M203.7M113.8M
Total Revenue206.7M335.0M369.3M226.9M

Pason Systems fundamental ratios Correlations

0.060.580.630.980.82-0.740.730.460.760.91-0.070.790.830.830.48-0.070.220.710.280.920.140.270.570.780.54
0.060.180.080.01-0.27-0.18-0.33-0.110.21-0.03-0.280.21-0.140.190.550.510.280.270.430.14-0.180.34-0.530.280.64
0.580.180.890.440.45-0.140.570.450.190.6-0.450.260.640.430.470.360.070.920.230.470.690.080.450.490.44
0.630.080.890.50.52-0.190.640.750.210.62-0.470.280.810.50.250.350.30.930.280.540.650.040.460.570.37
0.980.010.440.50.82-0.760.70.390.780.90.050.80.770.820.41-0.160.20.570.260.910.030.30.550.750.5
0.82-0.270.450.520.82-0.450.940.530.40.940.150.370.790.620.13-0.240.090.490.030.570.320.060.840.580.21
-0.74-0.18-0.14-0.19-0.76-0.45-0.26-0.01-0.94-0.5-0.02-0.92-0.44-0.81-0.630.14-0.09-0.4-0.28-0.840.28-0.33-0.14-0.69-0.41
0.73-0.330.570.640.70.94-0.260.660.220.890.070.210.760.430.04-0.070.10.550.090.450.50.020.820.520.15
0.46-0.110.450.750.390.53-0.010.66-0.030.54-0.310.020.670.27-0.20.320.580.550.290.30.470.040.380.410.23
0.760.210.190.210.780.4-0.940.22-0.030.5-0.070.980.430.740.68-0.230.130.430.160.89-0.250.190.180.570.45
0.91-0.030.60.620.90.94-0.50.890.540.5-0.030.50.780.710.32-0.090.240.640.210.690.340.190.730.680.48
-0.07-0.28-0.45-0.470.050.15-0.020.07-0.31-0.07-0.03-0.12-0.04-0.13-0.35-0.25-0.58-0.53-0.07-0.09-0.480.230.070.01-0.47
0.790.210.260.280.80.37-0.920.210.020.980.5-0.120.470.750.65-0.150.140.480.240.93-0.240.260.140.610.51
0.83-0.140.640.810.770.79-0.440.760.670.430.78-0.040.470.690.140.010.10.730.160.740.340.080.670.680.25
0.830.190.430.50.820.62-0.810.430.270.740.71-0.130.750.690.49-0.070.260.60.330.820.060.350.370.820.54
0.480.550.470.250.410.13-0.630.04-0.20.680.32-0.350.650.140.490.190.00.590.280.55-0.020.26-0.030.410.59
-0.070.510.360.35-0.16-0.240.14-0.070.32-0.23-0.09-0.25-0.150.01-0.070.190.110.360.65-0.040.10.42-0.50.180.4
0.220.280.070.30.20.09-0.090.10.580.130.24-0.580.140.10.260.00.110.250.270.170.210.11-0.050.250.44
0.710.270.920.930.570.49-0.40.550.550.430.64-0.530.480.730.60.590.360.250.340.660.540.130.380.640.54
0.280.430.230.280.260.03-0.280.090.290.160.21-0.070.240.160.330.280.650.270.340.31-0.130.72-0.380.650.57
0.920.140.470.540.910.57-0.840.450.30.890.69-0.090.930.740.820.55-0.040.170.660.31-0.060.310.320.750.51
0.14-0.180.690.650.030.320.280.50.47-0.250.34-0.48-0.240.340.06-0.020.10.210.54-0.13-0.06-0.390.560.080.07
0.270.340.080.040.30.06-0.330.020.040.190.190.230.260.080.350.260.420.110.130.720.31-0.39-0.280.580.26
0.57-0.530.450.460.550.84-0.140.820.380.180.730.070.140.670.37-0.03-0.5-0.050.38-0.380.320.56-0.280.25-0.12
0.780.280.490.570.750.58-0.690.520.410.570.680.010.610.680.820.410.180.250.640.650.750.080.580.250.47
0.540.640.440.370.50.21-0.410.150.230.450.48-0.470.510.250.540.590.40.440.540.570.510.070.26-0.120.47
Click cells to compare fundamentals

Pason Systems Account Relationship Matchups

Pason Systems fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets437.8M361.4M379.9M469.9M487.9M335.1M
Short Long Term Debt Total14.8M6.2M7.3M5.5M13.0M7.7M
Other Current Liab43.3M21.8M25.5M45.5M39.1M23.3M
Total Current Liabilities58.3M29.4M42.5M70.9M55.3M42.5M
Total Stockholder Equity346.8M307.1M311.5M386.5M408.1M275.8M
Property Plant And Equipment Net118.5M95.0M82.3M97.7M121.1M131.4M
Net Debt(146.2M)(143.1M)(151.0M)(126.5M)(158.8M)(150.8M)
Retained Earnings99.8M63.6M72.6M137.9M172.9M158.2M
Accounts Payable8.5M3.6M8.6M20.7M14.2M14.9M
Cash161.0M149.3M158.3M132.1M171.8M91.9M
Non Current Assets Total195.8M164.6M153.4M185.2M220.0M170.9M
Non Currrent Assets Other(187.0M)(158.8M)(148.8M)(181.1M)4.3M4.6M
Cash And Short Term Investments161.0M149.3M158.3M172.4M171.8M93.9M
Net Receivables77.4M44.5M63.1M85.8M66.7M64.0M
Common Stock Shares Outstanding85.7M84.0M82.9M82.6M80.6M86.0M
Liabilities And Stockholders Equity437.8M361.4M379.9M469.9M487.9M335.1M
Non Current Liabilities Total33.1M26.7M29.7M18.1M31.6M17.5M
Other Stockholder Equity30.9M33.2M34.4M35.3M37.1M20.2M
Total Liab91.4M56.1M72.2M89.0M86.9M60.0M
Property Plant And Equipment Gross118.5M95.0M462.3M472.6M478.1M502.0M
Total Current Assets242.0M196.8M226.6M284.8M267.9M164.2M
Accumulated Other Comprehensive Income49.5M45.7M41.9M49.1M71.9M75.5M
Short Term Debt3.3M1.9M1.8M1.8M1.1M1.1M
Other Current Assets3.6M3.0M5.2M10.9M11.6M12.2M
Intangible Assets17.5M12.2M8.4M6.3M5.9M5.6M
Good Will33.5M32.7M32.6M33.3M32.7M22.8M
Common Stock Total Equity150.9M164.7M166.7M164.6M189.3M145.3M
Common Stock166.7M164.6M162.6M164.1M163.3M153.9M
Other Liab21.6M22.5M24.1M14.4M16.5M20.4M
Net Tangible Assets304.6M268.0M275.0M350.9M315.8M279.9M
Other Assets8.8M5.8M4.5M4.0M3.6M3.4M
Deferred Long Term Liab8.8M5.8M4.5M4.0M3.6M3.4M
Property Plant Equipment118.5M95.0M82.3M97.7M87.9M112.9M
Long Term Debt Total11.5M4.2M5.5M3.7M4.3M3.9M
Cash And Equivalents104.5M108.2M37.6M54.5M49.0M71.0M
Net Invested Capital346.8M307.1M311.5M386.5M408.1M391.8M
Net Working Capital183.8M167.4M184.1M213.9M212.6M161.3M

Pair Trading with Pason Systems

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 Pason Systems 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 Pason Systems will appreciate offsetting losses from the drop in the long position's value.

Moving together with Pason Stock

  0.76ENB-PFV Enbridge Pref 5PairCorr
  0.65ENS E Split CorpPairCorr
  0.62ENS-PA E Split CorpPairCorr

Moving against Pason Stock

  0.39VZ Verizon CommunicationsPairCorr
  0.34SAGE Sage Potash CorpPairCorr
  0.31MSFT Microsoft Corp CDRPairCorr
The ability to find closely correlated positions to Pason Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pason Systems 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 Pason Systems - 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 Pason Systems to buy it.
The correlation of Pason Systems 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 Pason Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pason Systems 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 Pason Systems 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 Pason Stock

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