Secure Gross Profit Margin vs Asset Turnover Analysis

SES Stock

CAD 16.50 0.20 1.20%

Secure Energy financial indicator trend analysis is much more than just breaking down Secure Energy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Secure Energy Services is a good investment. Please check the relationship between Secure Energy Gross Profit Margin and its Asset Turnover accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Secure Energy Services. 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.

Gross Profit Margin vs Asset Turnover

Gross Profit Margin vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Secure Energy Services Gross Profit Margin account and Asset Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Secure Energy's Gross Profit Margin and Asset Turnover is -0.48. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Secure Energy Services, assuming nothing else is changed. The correlation between historical values of Secure Energy's Gross Profit Margin and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit Margin of Secure Energy Services are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Gross Profit Margin i.e., Secure Energy's Gross Profit Margin and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Gross Profit Margin

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Most indicators from Secure Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Secure Energy Services 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Secure Energy Services. 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, Secure Energy's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Tax Provision is likely to grow to about 65.1 M, while Sales General And Administrative To Revenue is likely to drop 0.01.

	2021	2022	2023	2024 (projected)
Interest Expense	50M	84M	96.6M	101.4M
Depreciation And Amortization	180M	188M	203M	108.8M

Interest Expense Depreciation And Amortization

Secure Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Current Deferred Revenue
Total Assets		0.86	0.48	0.81	0.94	0.92	0.87	-0.8	0.92	-0.04	0.97	0.2	-0.04	0.94	0.73	0.96	0.88	0.77	0.33	-0.14	0.88	0.87	0.59	0.84	0.64	0.63
Short Long Term Debt Total	0.86		0.77	0.91	0.73	0.75	1.0	-0.82	0.78	0.06	0.84	0.21	0.06	0.78	0.83	0.82	1.0	0.88	0.59	-0.07	0.99	0.98	0.79	0.97	0.59	0.53
Other Current Liab	0.48	0.77		0.82	0.38	0.27	0.76	-0.49	0.48	0.13	0.34	0.26	0.13	0.42	0.55	0.52	0.73	0.85	0.95	-0.06	0.77	0.8	0.96	0.76	0.16	0.29
Total Current Liabilities	0.81	0.91	0.82		0.75	0.66	0.91	-0.7	0.86	0.05	0.73	0.22	0.05	0.81	0.75	0.83	0.89	0.95	0.72	-0.06	0.94	0.95	0.91	0.91	0.49	0.49
Total Stockholder Equity	0.94	0.73	0.38	0.75		0.91	0.74	-0.7	0.88	-0.24	0.91	0.25	-0.24	0.92	0.58	0.93	0.76	0.76	0.28	-0.21	0.78	0.78	0.56	0.72	0.59	0.71
Property Plant And Equipment Net	0.92	0.75	0.27	0.66	0.91		0.75	-0.83	0.79	-0.25	0.95	0.14	-0.25	0.81	0.5	0.85	0.79	0.65	0.15	-0.22	0.78	0.75	0.42	0.73	0.5	0.82
Net Debt	0.87	1.0	0.76	0.91	0.74	0.75		-0.82	0.78	0.05	0.84	0.21	0.05	0.78	0.83	0.82	1.0	0.88	0.59	-0.07	0.99	0.98	0.79	0.97	0.59	0.53
Retained Earnings	-0.8	-0.82	-0.49	-0.7	-0.7	-0.83	-0.82		-0.7	-0.04	-0.82	-0.13	-0.04	-0.66	-0.54	-0.79	-0.84	-0.64	-0.35	0.07	-0.82	-0.82	-0.53	-0.77	-0.29	-0.79
Accounts Payable	0.92	0.78	0.48	0.86	0.88	0.79	0.78	-0.7		0.1	0.85	0.17	0.1	0.95	0.71	0.95	0.78	0.75	0.36	-0.06	0.82	0.81	0.63	0.78	0.6	0.49
Cash	-0.04	0.06	0.13	0.05	-0.24	-0.25	0.05	-0.04	0.1		-0.1	-0.04	1.0	0.01	0.26	0.02	0.01	-0.16	0.04	0.22	0.02	0.01	0.0	0.07	-0.03	-0.39
Non Current Assets Total	0.97	0.84	0.34	0.73	0.91	0.95	0.84	-0.82	0.85	-0.1		0.19	-0.1	0.89	0.73	0.9	0.87	0.68	0.16	-0.17	0.85	0.82	0.45	0.81	0.7	0.66
Non Currrent Assets Other	0.2	0.21	0.26	0.22	0.25	0.14	0.21	-0.13	0.17	-0.04	0.19		-0.04	0.25	0.24	0.2	0.21	0.24	0.16	-0.33	0.21	0.26	0.22	0.08	0.17	0.16
Cash And Short Term Investments	-0.04	0.06	0.13	0.05	-0.24	-0.25	0.05	-0.04	0.1	1.0	-0.1	-0.04		0.01	0.26	0.02	0.01	-0.16	0.04	0.22	0.02	0.01	0.0	0.07	-0.03	-0.39
Net Receivables	0.94	0.78	0.42	0.81	0.92	0.81	0.78	-0.66	0.95	0.01	0.89	0.25	0.01		0.77	0.94	0.79	0.74	0.27	-0.02	0.81	0.8	0.57	0.75	0.72	0.47
Good Will	0.73	0.83	0.55	0.75	0.58	0.5	0.83	-0.54	0.71	0.26	0.73	0.24	0.26	0.77		0.69	0.81	0.64	0.31	0.0	0.81	0.78	0.55	0.81	0.85	0.09
Common Stock Shares Outstanding	0.96	0.82	0.52	0.83	0.93	0.85	0.82	-0.79	0.95	0.02	0.9	0.2	0.02	0.94	0.69		0.82	0.77	0.39	-0.1	0.84	0.86	0.64	0.82	0.54	0.61
Non Current Liabilities Total	0.88	1.0	0.73	0.89	0.76	0.79	1.0	-0.84	0.78	0.01	0.87	0.21	0.01	0.79	0.81	0.82		0.87	0.56	-0.09	0.99	0.97	0.77	0.96	0.59	0.58
Inventory	0.77	0.88	0.85	0.95	0.76	0.65	0.88	-0.64	0.75	-0.16	0.68	0.24	-0.16	0.74	0.64	0.77	0.87		0.8	-0.09	0.91	0.93	0.95	0.87	0.43	0.57
Other Current Assets	0.33	0.59	0.95	0.72	0.28	0.15	0.59	-0.35	0.36	0.04	0.16	0.16	0.04	0.27	0.31	0.39	0.56	0.8		-0.01	0.61	0.66	0.94	0.61	-0.06	0.28
Other Stockholder Equity	-0.14	-0.07	-0.06	-0.06	-0.21	-0.22	-0.07	0.07	-0.06	0.22	-0.17	-0.33	0.22	-0.02	0.0	-0.1	-0.09	-0.09	-0.01		-0.08	-0.12	-0.02	-0.09	0.01	-0.21
Total Liab	0.88	0.99	0.77	0.94	0.78	0.78	0.99	-0.82	0.82	0.02	0.85	0.21	0.02	0.81	0.81	0.84	0.99	0.91	0.61	-0.08		0.99	0.82	0.97	0.58	0.57
Property Plant And Equipment Gross	0.87	0.98	0.8	0.95	0.78	0.75	0.98	-0.82	0.81	0.01	0.82	0.26	0.01	0.8	0.78	0.86	0.97	0.93	0.66	-0.12	0.99		0.85	0.96	0.53	0.6
Total Current Assets	0.59	0.79	0.96	0.91	0.56	0.42	0.79	-0.53	0.63	0.0	0.45	0.22	0.0	0.57	0.55	0.64	0.77	0.95	0.94	-0.02	0.82	0.85		0.79	0.23	0.42
Short Term Debt	0.84	0.97	0.76	0.91	0.72	0.73	0.97	-0.77	0.78	0.07	0.81	0.08	0.07	0.75	0.81	0.82	0.96	0.87	0.61	-0.09	0.97	0.96	0.79		0.56	0.5
Intangible Assets	0.64	0.59	0.16	0.49	0.59	0.5	0.59	-0.29	0.6	-0.03	0.7	0.17	-0.03	0.72	0.85	0.54	0.59	0.43	-0.06	0.01	0.58	0.53	0.23	0.56		0.03
Current Deferred Revenue	0.63	0.53	0.29	0.49	0.71	0.82	0.53	-0.79	0.49	-0.39	0.66	0.16	-0.39	0.47	0.09	0.61	0.58	0.57	0.28	-0.21	0.57	0.6	0.42	0.5	0.03

Click cells to compare fundamentals

Secure Energy Account Relationship Matchups

Secure Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	1.4B	2.9B	2.8B	2.8B	1.5B
Short Long Term Debt Total	502.7M	434.4M	1.3B	1.0B	1.1B	1.2B
Other Current Liab	6.4M	5M	34M	27M	100M	105M
Total Current Liabilities	210.3M	157.4M	333M	459M	472M	495.6M
Total Stockholder Equity	779.7M	683.7M	1.1B	1.3B	1.2B	760.9M
Property Plant And Equipment Net	1.3B	1.2B	1.7B	1.6B	1.3B	952.9M
Net Debt	493.9M	427.6M	1.3B	1.0B	1.1B	1.1B
Retained Earnings	(326.6M)	(429.2M)	(636M)	(490M)	(412M)	(391.4M)
Accounts Payable	185.9M	142M	272M	404M	345M	187.4M
Cash	8.9M	6.8M	10M	12M	10.8M	7.5M
Non Current Assets Total	1.3B	1.2B	2.5B	2.3B	1.7B	1.2B
Non Currrent Assets Other	1.3M	(1.3B)	8M	16M	27M	28.4M
Cash And Short Term Investments	8.9M	6.8M	10M	12M	10.8M	7.5M
Net Receivables	172.7M	144M	345M	449M	357M	206.4M
Common Stock Shares Outstanding	161.8M	158.6M	234.2M	313.2M	299.1M	160.2M
Liabilities And Stockholders Equity	1.6B	1.4B	2.9B	2.8B	2.8B	1.5B
Non Current Liabilities Total	624.7M	553.7M	1.5B	1.1B	1.2B	1.2B
Inventory	70.1M	65.2M	48.2M	100M	144M	151.2M
Other Current Assets	67.8M	9M	11M	15M	677M	710.9M
Other Stockholder Equity	61.6M	50.5M	48M	50M	54M	54.7M
Total Liab	835.0M	711.1M	1.8B	1.6B	1.7B	1.7B
Property Plant And Equipment Gross	1.3B	1.2B	2.9B	2.9B	3.0B	3.1B
Total Current Assets	314.5M	207.7M	466M	576M	1.2B	1.2B
Accumulated Other Comprehensive Income	26.7M	23.9M	24M	30M	81M	85.1M
Short Term Debt	7.2M	18.0M	10M	27M	28M	28.4M
Intangible Assets	39.7M	18.0M	180M	163M	68M	72.5M
Common Stock Total Equity	1.1B	1.0B	1.0B	1.0B	1.2B	933.2M
Common Stock	1.0B	1.0B	1.7B	1.7B	1.5B	1.1B
Other Liab	140.0M	129.5M	209M	112M	128.8M	140.9M
Net Tangible Assets	728.9M	654.6M	577M	752M	864.8M	759.2M
Long Term Debt	453.4M	399.1M	1.2B	919M	966M	568.2M
Property Plant Equipment	1.3B	1.2B	1.7B	1.6B	1.8B	1.3B
Long Term Debt Total	484.7M	424.1M	1.3B	1.0B	1.2B	605.9M
Capital Lease Obligations	49.3M	35.3M	109M	112M	136M	142.8M
Net Invested Capital	1.2B	1.1B	2.3B	2.2B	2.2B	1.8B

Pair Trading with Secure Energy

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

Moving against Secure Stock

0.79	AEMC	Alaska Energy Metals	Pair Corr
0.79	CMC	Cielo Waste Solutions Earnings Call This Week	Pair Corr
0.33	PNTI-P	Pentagon I Capital	Pair Corr

The ability to find closely correlated positions to Secure Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Secure Energy 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 Secure Energy - 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 Secure Energy Services to buy it.

The correlation of Secure Energy 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 Secure Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Secure Energy Services 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 Secure Energy 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 Correlation Correlation Matching

Other Information on Investing in Secure Stock

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

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Secure Gross Profit Margin vs Asset Turnover Analysis

Gross Profit Margin vs Asset Turnover

Gross Profit Margin vs Asset Turnover Correlation Analysis

Correlation Coefficient

Gross Profit Margin

Asset Turnover

Secure Energy fundamental ratios Correlations

Secure Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Secure Energy fundamental ratios Accounts

Pair Trading with Secure Energy

Moving against Secure Stock

Other Information on Investing in Secure Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Net Debt

Non Current Liabilities Total	- 0.84	Retained Earnings
Retained Earnings	- 0.83	Property Plant And Equipment Net
Property Plant And Equipment Gross	- 0.82	Retained Earnings
Total Liab	- 0.82	Retained Earnings
Non Current Assets Total	- 0.82	Retained Earnings
Retained Earnings	- 0.82	Net Debt