Quebecor Price To Sales Ratio vs Average Payables Analysis

QBR-A Stock  CAD 33.06  0.19  0.57%   
Quebecor financial indicator trend analysis is much more than just breaking down Quebecor prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quebecor is a good investment. Please check the relationship between Quebecor Price To Sales Ratio and its Average Payables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quebecor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Price To Sales Ratio vs Average Payables

Price To Sales Ratio vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quebecor Price To Sales Ratio account and Average Payables. At this time, the significance of the direction appears to have very week relationship.
The correlation between Quebecor's Price To Sales Ratio and Average Payables is 0.22. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Average Payables in the same time period over historical financial statements of Quebecor, assuming nothing else is changed. The correlation between historical values of Quebecor's Price To Sales Ratio and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Quebecor are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Price To Sales Ratio i.e., Quebecor's Price To Sales Ratio and Average Payables go up and down completely randomly.

Correlation Coefficient

0.22
Relationship DirectionPositive 
Relationship StrengthVery Weak

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Quebecor stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Quebecor sales, a figure that is much harder to manipulate than other Quebecor 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.

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.
Most indicators from Quebecor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quebecor 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 Quebecor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
At this time, Quebecor's Discontinued Operations is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.20 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 5.6 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense337.6M317.3M407.7M319.2M
Depreciation And Amortization783.8M767.7M909M556.7M

Quebecor fundamental ratios Correlations

0.920.350.660.640.920.90.260.060.990.480.060.86-0.510.910.780.46-0.020.960.820.390.760.83-0.930.9-0.93
0.920.330.530.390.820.99-0.040.00.920.480.00.79-0.380.960.650.47-0.290.990.720.290.740.7-0.810.9-0.89
0.350.330.130.00.50.210.160.890.33-0.340.890.11-0.130.34-0.02-0.09-0.010.360.38-0.08-0.11-0.03-0.450.36-0.42
0.660.530.130.580.540.510.39-0.020.590.57-0.020.8-0.820.370.80.66-0.170.560.830.940.780.87-0.490.39-0.56
0.640.390.00.580.450.390.69-0.040.590.58-0.040.77-0.430.330.850.340.390.460.710.470.690.79-0.50.48-0.37
0.920.820.50.540.450.780.180.210.940.160.210.65-0.470.880.560.270.040.880.660.230.50.64-0.980.82-0.96
0.90.990.210.510.390.78-0.07-0.130.910.52-0.130.79-0.350.950.670.47-0.290.980.670.290.770.71-0.780.88-0.86
0.26-0.040.160.390.690.18-0.070.20.210.140.20.33-0.18-0.10.540.060.530.030.410.380.310.35-0.20.09-0.03
0.060.00.89-0.02-0.040.21-0.130.20.01-0.381.0-0.12-0.070.02-0.19-0.090.020.040.27-0.16-0.32-0.22-0.180.08-0.13
0.990.920.330.590.590.940.910.210.010.430.010.82-0.440.930.730.380.010.960.740.310.720.79-0.950.92-0.94
0.480.48-0.340.570.580.160.520.14-0.380.43-0.380.72-0.470.350.670.66-0.210.460.590.530.830.74-0.230.52-0.31
0.060.00.89-0.02-0.040.21-0.130.21.00.01-0.38-0.12-0.070.02-0.19-0.090.020.040.27-0.16-0.32-0.22-0.180.08-0.13
0.860.790.110.80.770.650.790.33-0.120.820.72-0.12-0.580.660.910.52-0.090.80.860.650.940.95-0.630.71-0.66
-0.51-0.38-0.13-0.82-0.43-0.47-0.35-0.18-0.07-0.44-0.47-0.07-0.58-0.29-0.5-0.660.23-0.41-0.69-0.72-0.52-0.680.44-0.320.5
0.910.960.340.370.330.880.95-0.10.020.930.350.020.66-0.290.510.32-0.180.970.580.080.590.6-0.890.92-0.94
0.780.65-0.020.80.850.560.670.54-0.190.730.67-0.190.91-0.50.510.590.080.680.830.710.910.92-0.570.57-0.55
0.460.47-0.090.660.340.270.470.06-0.090.380.66-0.090.52-0.660.320.59-0.360.450.710.630.620.6-0.320.34-0.42
-0.02-0.29-0.01-0.170.390.04-0.290.530.020.01-0.210.02-0.090.23-0.180.08-0.36-0.19-0.13-0.21-0.18-0.01-0.09-0.050.16
0.960.990.360.560.460.880.980.030.040.960.460.040.8-0.410.970.680.45-0.190.740.290.730.74-0.880.92-0.93
0.820.720.380.830.710.660.670.410.270.740.590.270.86-0.690.580.830.71-0.130.740.660.770.83-0.660.65-0.68
0.390.29-0.080.940.470.230.290.38-0.160.310.53-0.160.65-0.720.080.710.63-0.210.290.660.70.74-0.180.09-0.26
0.760.74-0.110.780.690.50.770.31-0.320.720.83-0.320.94-0.520.590.910.62-0.180.730.770.70.91-0.490.65-0.56
0.830.7-0.030.870.790.640.710.35-0.220.790.74-0.220.95-0.680.60.920.6-0.010.740.830.740.91-0.640.63-0.67
-0.93-0.81-0.45-0.49-0.5-0.98-0.78-0.2-0.18-0.95-0.23-0.18-0.630.44-0.89-0.57-0.32-0.09-0.88-0.66-0.18-0.49-0.64-0.850.96
0.90.90.360.390.480.820.880.090.080.920.520.080.71-0.320.920.570.34-0.050.920.650.090.650.63-0.85-0.86
-0.93-0.89-0.42-0.56-0.37-0.96-0.86-0.03-0.13-0.94-0.31-0.13-0.660.5-0.94-0.55-0.420.16-0.93-0.68-0.26-0.56-0.670.96-0.86
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Quebecor Account Relationship Matchups

Quebecor fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.7B9.9B10.8B10.6B12.7B9.6B
Short Long Term Debt Total6.3B6.1B6.9B6.8B8.2B4.6B
Other Current Liab230.9M205.4M179.3M179.5M259.7M155.9M
Total Current Liabilities1.3B1.3B1.5B2.5B3.3B3.5B
Total Stockholder Equity977.5M1.1B1.3B1.4B1.7B1.1B
Property Plant And Equipment Net3.5B3.3B3.2B3.1B3.8B3.6B
Net Debt6.3B6.0B6.8B6.8B8.2B4.5B
Retained Earnings(31.7M)211.3M292.3M421.9M789.1M493.9M
Cash14M136.7M64.7M6.6M11.1M10.5M
Non Current Assets Total8.6B8.6B9.2B8.8B10.5B8.1B
Non Currrent Assets Other129.8M236.2M767.4M588.2M511.2M368.2M
Cash And Short Term Investments14M136.7M64.7M6.6M11.1M10.5M
Net Receivables735.4M780.4M881.8M901.7M1.3B813.0M
Common Stock Shares Outstanding255.8M256.3M248.3M235.2M236.2M207.3M
Liabilities And Stockholders Equity9.7B9.9B10.8B10.6B12.7B9.6B
Non Current Liabilities Total7.4B7.3B7.9B6.6B7.6B5.3B
Inventory240.4M250.7M282.6M406.2M512.1M306.0M
Other Current Assets121.2M113M294.4M495.6M321.6M337.7M
Total Liab8.7B8.6B9.4B9.1B10.9B7.0B
Total Current Assets1.1B1.3B1.5B1.8B2.2B1.6B
Short Term Debt117.9M64.5M92.6M1.2B1.7B1.8B
Intangible Assets1.4B1.5B2.3B2.3B3.4B1.9B
Accumulated Other Comprehensive Income(64.1M)(133.9M)(19.3M)1.8M5.8M6.1M
Current Deferred Revenue332.7M307.5M472.1M345.1M370.6M243.3M
Good Will2.7B2.7B2.7B2.7B2.7B2.6B
Common Stock1.1B1.0B965.2M916.2M914.6M723.2M
Other Liab1.2B1.3B1.1B990.1M1.1B1.2B
Net Tangible Assets(3.2B)(3.1B)(3.9B)(3.7B)(3.4B)(3.5B)
Other Assets225.2M966.5M734.1M521.9M600.2M677.1M
Long Term Debt6.1B5.9B6.6B5.5B6.2B6.6B
Deferred Long Term Liab57.7M88.3M106.3M99.5M114.4M59.0M
Short Long Term Debt86.6M30.2M56.5M1.2B1.6B1.7B
Property Plant Equipment3.5B3.3B3.2B3.1B2.7B2.7B
Long Term Investments679.8M81M159.3M151M147.4M209.9M
Non Current Liabilities Other149.7M99M127.1M85.1M91.5M90.7M
Net Invested Capital7.1B7.0B7.9B8.0B9.5B8.4B
Net Working Capital(153.4M)(33.4M)50.4M(724.7M)(1.1B)(1.1B)

Pair Trading with Quebecor

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

Moving together with Quebecor Stock

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Moving against Quebecor Stock

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

Additional Tools for Quebecor Stock Analysis

When running Quebecor's price analysis, check to measure Quebecor's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quebecor is operating at the current time. Most of Quebecor's value examination focuses on studying past and present price action to predict the probability of Quebecor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quebecor's price. Additionally, you may evaluate how the addition of Quebecor to your portfolios can decrease your overall portfolio volatility.