Savaria Operating Cash Flow Per Share vs Days Payables Outstanding Analysis

SIS Stock  CAD 20.60  0.04  0.19%   
Savaria financial indicator trend analysis is much more than just breaking down Savaria prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Savaria is a good investment. Please check the relationship between Savaria Operating Cash Flow Per Share and its Days Payables Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Savaria. 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.

Operating Cash Flow Per Share vs Days Payables Outstanding

Operating Cash Flow Per Share vs Days Payables Outstanding Correlation Analysis

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

Correlation Coefficient

0.22
Relationship DirectionPositive 
Relationship StrengthVery Weak

Operating Cash Flow Per Share

A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.

Days Payables Outstanding

Most indicators from Savaria's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Savaria 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 Savaria. 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, Savaria's Selling General Administrative is very stable compared to the past year. As of the 10th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.26, while Tax Provision is likely to drop about 7.8 M.
 2021 2022 2023 2024 (projected)
Interest Expense11.9M16.4M24.4M25.6M
Depreciation And Amortization49.3M49.1M49.1M51.6M

Savaria fundamental ratios Correlations

0.970.931.00.980.950.980.95-0.50.990.771.00.680.770.990.830.980.990.920.890.990.990.990.94-0.190.99
0.970.980.980.910.890.920.99-0.620.990.710.980.560.710.950.791.00.940.920.831.00.940.950.92-0.010.99
0.930.980.930.850.820.850.97-0.670.960.720.930.50.720.90.750.970.880.850.750.970.880.90.90.140.96
1.00.980.930.970.950.980.96-0.520.990.761.00.670.760.990.820.980.990.940.890.990.980.990.94-0.210.99
0.980.910.850.970.960.990.88-0.380.960.80.970.760.80.990.830.920.990.880.90.940.990.990.91-0.330.95
0.950.890.820.950.960.970.86-0.240.930.770.940.60.770.960.880.90.970.820.920.920.980.960.87-0.260.93
0.980.920.850.980.990.970.89-0.390.950.770.970.710.780.980.840.930.990.890.920.950.990.990.92-0.310.95
0.950.990.970.960.880.860.89-0.660.970.620.960.530.620.930.750.990.920.920.790.990.910.910.90.030.98
-0.5-0.62-0.67-0.52-0.38-0.24-0.39-0.66-0.57-0.19-0.53-0.42-0.19-0.49-0.13-0.6-0.4-0.57-0.22-0.58-0.39-0.43-0.55-0.27-0.55
0.990.990.960.990.960.930.950.97-0.570.750.990.660.750.990.80.990.970.910.850.990.970.980.94-0.110.99
0.770.710.720.760.80.770.770.62-0.190.750.750.521.00.750.750.720.770.620.750.730.770.830.77-0.220.73
1.00.980.931.00.970.940.970.96-0.530.990.750.670.750.990.820.980.990.930.880.990.980.990.93-0.161.0
0.680.560.50.670.760.60.710.53-0.420.660.520.670.530.730.370.570.690.570.560.60.680.690.68-0.50.62
0.770.710.720.760.80.770.780.62-0.190.751.00.750.530.750.750.720.770.620.750.730.770.830.77-0.220.73
0.990.950.90.990.990.960.980.93-0.490.990.750.990.730.750.810.960.990.90.880.970.990.990.94-0.240.98
0.830.790.750.820.830.880.840.75-0.130.80.750.820.370.750.810.80.850.740.960.810.850.850.74-0.160.82
0.981.00.970.980.920.90.930.99-0.60.990.720.980.570.720.960.80.950.920.841.00.950.960.92-0.020.99
0.990.940.880.990.990.970.990.92-0.40.970.770.990.690.770.990.850.950.910.910.971.00.990.92-0.280.97
0.920.920.850.940.880.820.890.92-0.570.910.620.930.570.620.90.740.920.910.810.930.890.90.84-0.250.92
0.890.830.750.890.90.920.920.79-0.220.850.750.880.560.750.880.960.840.910.810.850.910.910.83-0.320.86
0.991.00.970.990.940.920.950.99-0.580.990.730.990.60.730.970.811.00.970.930.850.960.970.93-0.071.0
0.990.940.880.980.990.980.990.91-0.390.970.770.980.680.770.990.850.951.00.890.910.960.990.91-0.260.97
0.990.950.90.990.990.960.990.91-0.430.980.830.990.690.830.990.850.960.990.90.910.970.990.94-0.260.97
0.940.920.90.940.910.870.920.9-0.550.940.770.930.680.770.940.740.920.920.840.830.930.910.94-0.170.93
-0.19-0.010.14-0.21-0.33-0.26-0.310.03-0.27-0.11-0.22-0.16-0.5-0.22-0.24-0.16-0.02-0.28-0.25-0.32-0.07-0.26-0.26-0.17-0.08
0.990.990.960.990.950.930.950.98-0.550.990.731.00.620.730.980.820.990.970.920.861.00.970.970.93-0.08
Click cells to compare fundamentals

Savaria Account Relationship Matchups

Savaria fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets439.0M453.3M1.1B1.1B1.1B1.2B
Short Long Term Debt Total79.2M78.0M432.3M410.1M319.4M335.4M
Other Current Liab6.4M5.8M63.2M44.1M36.6M38.4M
Total Current Liabilities67.9M68.1M166.4M182.4M170.5M179.1M
Total Stockholder Equity270.1M279.7M434.6M453.0M549M576.5M
Property Plant And Equipment Net73.2M71.1M106.1M101.0M100.8M105.9M
Current Deferred Revenue23.0M24.1M35.4M40.8M41.9M44.0M
Net Debt39.5M23.9M368.8M365.3M265.3M278.6M
Retained Earnings17.1M19.8M(5.6M)(2.9M)(3.2M)(3.0M)
Accounts Payable23.8M23.5M85.4M74.6M76M79.8M
Cash39.7M54.2M63.5M44.7M54.1M56.8M
Non Current Assets Total272.4M271.6M786.2M782.6M763.9M802.1M
Non Currrent Assets Other1.9M1.5M1.4M721K7.0M7.3M
Cash And Short Term Investments39.7M54.2M63.5M44.7M54.3M57.0M
Net Receivables48.8M47.8M108.2M102.2M117.5M123.3M
Common Stock Shares Outstanding48.7M50.9M62.2M64.5M66.5M37.1M
Liabilities And Stockholders Equity439.0M453.3M1.1B1.1B1.1B1.2B
Non Current Liabilities Total101.0M105.5M505.9M474.6M382.0M401.1M
Inventory72.4M75.3M128.5M144.3M143.9M151.1M
Other Current Assets5.7M4.4M15.9M36.1M22.3M23.4M
Other Stockholder Equity5.9M6.4M7.0M8.2M9.6M5.2M
Total Liab169.0M173.6M672.3M657.0M552.6M580.2M
Property Plant And Equipment Gross73.2M71.1M129.7M132.0M138.5M145.4M
Total Current Assets166.6M181.7M320.7M327.3M337.7M354.6M
Short Term Debt6.2M4.8M11.0M9.3M9.9M10.4M
Accumulated Other Comprehensive Income(5.1M)(1.8M)(19.8M)(8.8M)(8.7M)(8.3M)
Intangible Assets71.4M67.5M258.3M236.9M214.0M224.7M
Good Will119.8M120.8M400.8M412.2M414.3M435.0M
Common Stock Total Equity120.4M179.3M252.2M255.3M293.6M308.3M
Common Stock252.2M255.3M453.0M456.4M551.4M578.9M
Other Liab27.3M29.3M83.5M73.8M84.9M89.1M
Net Tangible Assets78.8M91.4M(224.5M)(196.2M)(176.6M)(167.8M)
Other Assets8.0M12.3M21.0M32.5M37.4M39.3M
Long Term Debt49.1M49.8M378.9M365.7M276.8M290.6M
Short Long Term Debt2.8M1.1M1.1M1.2M1.2M1.1M
Property Plant Equipment73.2M71.1M106.1M101.0M116.1M121.9M
Long Term Debt Total97.3M72.9M73.2M421.4M484.6M508.8M
Capital Surpluse4.4M5.9M6.4M7.0M8.1M5.0M

Pair Trading with Savaria

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

Moving against Savaria Stock

  0.39NG NovaGold ResourcesPairCorr
  0.31IVS Inventus Mining CorpPairCorr
The ability to find closely correlated positions to Savaria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Savaria 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 Savaria - 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 Savaria to buy it.
The correlation of Savaria 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 Savaria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Savaria 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 Savaria 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 Savaria Stock

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