Pason Total Operating Expenses vs Income Tax Expense 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 Total Operating Expenses and its Income Tax Expense 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.
Total Operating Expenses vs Income Tax Expense
Total Operating Expenses vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pason Systems Total Operating Expenses account and Income Tax Expense. At this time, the significance of the direction appears to have weak relationship.
The correlation between Pason Systems' Total Operating Expenses and Income Tax Expense is 0.36. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Income Tax Expense 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' Total Operating Expenses and Income Tax Expense 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 Operating Expenses of Pason Systems are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Total Operating Expenses i.e., Pason Systems' Total Operating Expenses and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.36 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Income Tax Expense
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 Profit | 93.3M | 191.7M | 203.7M | 113.8M | Total Revenue | 206.7M | 335.0M | 369.3M | 226.9M |
Pason Systems fundamental ratios Correlations
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Pason Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pason Systems fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 437.8M | 361.4M | 379.9M | 469.9M | 487.9M | 335.1M | |
| Short Long Term Debt Total | 14.8M | 6.2M | 7.3M | 5.5M | 13.0M | 7.7M | |
| Other Current Liab | 43.3M | 21.8M | 25.5M | 45.5M | 39.1M | 23.3M | |
| Total Current Liabilities | 58.3M | 29.4M | 42.5M | 70.9M | 55.3M | 42.5M | |
| Total Stockholder Equity | 346.8M | 307.1M | 311.5M | 386.5M | 408.1M | 275.8M | |
| Property Plant And Equipment Net | 118.5M | 95.0M | 82.3M | 97.7M | 121.1M | 131.4M | |
| Net Debt | (146.2M) | (143.1M) | (151.0M) | (126.5M) | (158.8M) | (150.8M) | |
| Retained Earnings | 99.8M | 63.6M | 72.6M | 137.9M | 172.9M | 158.2M | |
| Accounts Payable | 8.5M | 3.6M | 8.6M | 20.7M | 14.2M | 14.9M | |
| Cash | 161.0M | 149.3M | 158.3M | 132.1M | 171.8M | 91.9M | |
| Non Current Assets Total | 195.8M | 164.6M | 153.4M | 185.2M | 220.0M | 170.9M | |
| Non Currrent Assets Other | (187.0M) | (158.8M) | (148.8M) | (181.1M) | 4.3M | 4.6M | |
| Cash And Short Term Investments | 161.0M | 149.3M | 158.3M | 172.4M | 171.8M | 93.9M | |
| Net Receivables | 77.4M | 44.5M | 63.1M | 85.8M | 66.7M | 64.0M | |
| Common Stock Shares Outstanding | 85.7M | 84.0M | 82.9M | 82.6M | 80.6M | 86.0M | |
| Liabilities And Stockholders Equity | 437.8M | 361.4M | 379.9M | 469.9M | 487.9M | 335.1M | |
| Non Current Liabilities Total | 33.1M | 26.7M | 29.7M | 18.1M | 31.6M | 17.5M | |
| Other Stockholder Equity | 30.9M | 33.2M | 34.4M | 35.3M | 37.1M | 20.2M | |
| Total Liab | 91.4M | 56.1M | 72.2M | 89.0M | 86.9M | 60.0M | |
| Property Plant And Equipment Gross | 118.5M | 95.0M | 462.3M | 472.6M | 478.1M | 502.0M | |
| Total Current Assets | 242.0M | 196.8M | 226.6M | 284.8M | 267.9M | 164.2M | |
| Accumulated Other Comprehensive Income | 49.5M | 45.7M | 41.9M | 49.1M | 71.9M | 75.5M | |
| Short Term Debt | 3.3M | 1.9M | 1.8M | 1.8M | 1.1M | 1.1M | |
| Other Current Assets | 3.6M | 3.0M | 5.2M | 10.9M | 11.6M | 12.2M | |
| Intangible Assets | 17.5M | 12.2M | 8.4M | 6.3M | 5.9M | 5.6M | |
| Good Will | 33.5M | 32.7M | 32.6M | 33.3M | 32.7M | 22.8M | |
| Common Stock Total Equity | 150.9M | 164.7M | 166.7M | 164.6M | 189.3M | 145.3M | |
| Common Stock | 166.7M | 164.6M | 162.6M | 164.1M | 163.3M | 153.9M | |
| Other Liab | 21.6M | 22.5M | 24.1M | 14.4M | 16.5M | 20.4M | |
| Net Tangible Assets | 304.6M | 268.0M | 275.0M | 350.9M | 315.8M | 279.9M | |
| Other Assets | 8.8M | 5.8M | 4.5M | 4.0M | 3.6M | 3.4M | |
| Deferred Long Term Liab | 8.8M | 5.8M | 4.5M | 4.0M | 3.6M | 3.4M | |
| Property Plant Equipment | 118.5M | 95.0M | 82.3M | 97.7M | 87.9M | 112.9M | |
| Long Term Debt Total | 11.5M | 4.2M | 5.5M | 3.7M | 4.3M | 3.9M | |
| Cash And Equivalents | 104.5M | 108.2M | 37.6M | 54.5M | 49.0M | 71.0M | |
| Net Invested Capital | 346.8M | 307.1M | 311.5M | 386.5M | 408.1M | 391.8M | |
| Net Working Capital | 183.8M | 167.4M | 184.1M | 213.9M | 212.6M | 161.3M |
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
Moving against Pason Stock
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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.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.