Canfor Net Receivables vs Net Tangible Assets Analysis

CFX Stock

CAD 0.64 0.02 3.03%

Canfor Pulp financial indicator trend analysis is way more than just evaluating Canfor Pulp Products prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canfor Pulp Products is a good investment. Please check the relationship between Canfor Pulp Net Receivables and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canfor Pulp Products. 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.

Net Receivables vs Net Tangible Assets

Net Receivables vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canfor Pulp Products Net Receivables account and Net Tangible Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Canfor Pulp's Net Receivables and Net Tangible Assets is 0.83. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Canfor Pulp Products, assuming nothing else is changed. The correlation between historical values of Canfor Pulp's Net Receivables and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Canfor Pulp Products are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Receivables i.e., Canfor Pulp's Net Receivables and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Receivables

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Canfor Pulp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canfor Pulp Products 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Canfor Pulp Products. 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.

As of the 3rd of August 2025, Selling General Administrative is likely to grow to about 127.8 M, though Tax Provision is likely to grow to (56.9 M).

	2022	2023	2024	2025 (projected)
Gross Profit	218.8M	101M	165M	231.9M
Total Revenue	1.1B	875.5M	798.6M	797.9M

Gross Profit Total Revenue

Canfor Pulp fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Liabilities Total	Other Liab	Net Tangible Assets	Long Term Investments	Common Stock	Common Stock Total Equity	Net Debt	Cash	Cash And Short Term Investments	Other Current Assets	Short Term Debt	Short Long Term Debt Total	Property Plant And Equipment Net	Non Currrent Assets Other
Total Assets		0.39	0.53	0.82	0.67	0.56	0.94	0.9	0.73	0.63	0.88	0.93	0.85	0.92	0.88	-0.23	0.31	0.26	0.06	0.12	0.12	0.45	-0.08	-0.76	0.28	0.22
Other Current Liab	0.39		0.13	0.28	-0.04	0.09	0.39	0.4	0.59	0.77	0.45	0.39	0.52	0.57	0.41	-0.44	0.77	0.75	0.01	0.15	0.15	-0.15	0.09	-0.45	0.2	-0.08
Total Current Liabilities	0.53	0.13		0.19	0.03	0.65	0.34	0.42	0.77	0.48	0.81	0.61	0.31	0.49	0.67	-0.5	0.49	0.44	0.57	-0.18	-0.18	0.28	0.53	0.05	-0.31	0.41
Total Stockholder Equity	0.82	0.28	0.19		0.93	0.34	0.81	0.91	0.38	0.4	0.56	0.74	0.84	0.7	0.7	0.24	-0.01	-0.08	-0.36	0.2	0.2	0.36	-0.52	-0.73	0.7	0.0
Retained Earnings	0.67	-0.04	0.03	0.93		0.21	0.69	0.78	0.11	0.06	0.35	0.58	0.68	0.51	0.52	0.48	-0.36	-0.43	-0.46	0.19	0.19	0.34	-0.62	-0.63	0.69	-0.06
Accounts Payable	0.56	0.09	0.65	0.34	0.21		0.35	0.46	0.57	0.61	0.6	0.68	0.25	0.33	0.55	-0.53	0.39	0.37	0.17	-0.14	-0.14	0.56	-0.02	-0.27	-0.19	0.45
Non Current Assets Total	0.94	0.39	0.34	0.81	0.69	0.35		0.87	0.56	0.52	0.76	0.77	0.83	0.9	0.78	-0.08	0.19	0.15	0.06	0.01	0.01	0.35	-0.14	-0.76	0.45	0.17
Net Receivables	0.9	0.4	0.42	0.91	0.78	0.46	0.87		0.6	0.53	0.74	0.84	0.83	0.82	0.83	-0.03	0.21	0.14	-0.07	-0.02	-0.02	0.42	-0.27	-0.68	0.5	0.12
Common Stock Shares Outstanding	0.73	0.59	0.77	0.38	0.11	0.57	0.56	0.6		0.75	0.9	0.81	0.61	0.79	0.85	-0.69	0.78	0.73	0.35	0.05	0.05	0.26	0.33	-0.44	-0.19	0.39
Other Stockholder Equity	0.63	0.77	0.48	0.4	0.06	0.61	0.52	0.53	0.75		0.71	0.65	0.56	0.6	0.58	-0.62	0.82	0.81	0.16	0.07	0.07	0.29	0.09	-0.44	0.1	0.23
Total Liab	0.88	0.45	0.81	0.56	0.35	0.6	0.76	0.74	0.9	0.71		0.87	0.77	0.87	0.86	-0.45	0.55	0.49	0.39	-0.01	-0.01	0.35	0.28	-0.5	0.03	0.38
Total Current Assets	0.93	0.39	0.61	0.74	0.58	0.68	0.77	0.84	0.81	0.65	0.87		0.76	0.84	0.9	-0.37	0.4	0.35	0.0	0.24	0.24	0.51	-0.06	-0.71	0.09	0.22
Non Current Liabilities Total	0.85	0.52	0.31	0.84	0.68	0.25	0.83	0.83	0.61	0.56	0.77	0.76		0.86	0.7	0.04	0.26	0.19	-0.04	0.17	0.17	0.24	-0.21	-0.78	0.56	0.16
Other Liab	0.92	0.57	0.49	0.7	0.51	0.33	0.9	0.82	0.79	0.6	0.87	0.84	0.86		0.9	-0.31	0.45	0.4	0.12	0.14	0.14	0.2	0.07	-0.72	0.25	0.15
Net Tangible Assets	0.88	0.41	0.67	0.7	0.52	0.55	0.78	0.83	0.85	0.58	0.86	0.9	0.7	0.9		-0.4	0.48	0.42	0.11	0.08	0.08	0.32	0.04	-0.54	0.1	0.22
Long Term Investments	-0.23	-0.44	-0.5	0.24	0.48	-0.53	-0.08	-0.03	-0.69	-0.62	-0.45	-0.37	0.04	-0.31	-0.4		-0.84	-0.87	-0.45	0.07	0.07	-0.15	-0.51	0.06	0.66	-0.3
Common Stock	0.31	0.77	0.49	-0.01	-0.36	0.39	0.19	0.21	0.78	0.82	0.55	0.4	0.26	0.45	0.48	-0.84		0.99	0.36	-0.02	-0.02	0.02	0.4	-0.14	-0.28	0.22
Common Stock Total Equity	0.26	0.75	0.44	-0.08	-0.43	0.37	0.15	0.14	0.73	0.81	0.49	0.35	0.19	0.4	0.42	-0.87	0.99		0.36	-0.02	-0.02	0.01	0.42	-0.11	-0.32	0.21
Net Debt	0.06	0.01	0.57	-0.36	-0.46	0.17	0.06	-0.07	0.35	0.16	0.39	0.0	-0.04	0.12	0.11	-0.45	0.36	0.36		-0.68	-0.68	0.03	0.71	0.32	-0.45	0.53
Cash	0.12	0.15	-0.18	0.2	0.19	-0.14	0.01	-0.02	0.05	0.07	-0.01	0.24	0.17	0.14	0.08	0.07	-0.02	-0.02	-0.68		1.0	-0.03	-0.15	-0.32	0.05	-0.5
Cash And Short Term Investments	0.12	0.15	-0.18	0.2	0.19	-0.14	0.01	-0.02	0.05	0.07	-0.01	0.24	0.17	0.14	0.08	0.07	-0.02	-0.02	-0.68	1.0		-0.03	-0.15	-0.32	0.05	-0.5
Other Current Assets	0.45	-0.15	0.28	0.36	0.34	0.56	0.35	0.42	0.26	0.29	0.35	0.51	0.24	0.2	0.32	-0.15	0.02	0.01	0.03	-0.03	-0.03		-0.26	-0.33	-0.02	0.38
Short Term Debt	-0.08	0.09	0.53	-0.52	-0.62	-0.02	-0.14	-0.27	0.33	0.09	0.28	-0.06	-0.21	0.07	0.04	-0.51	0.4	0.42	0.71	-0.15	-0.15	-0.26		0.43	-0.61	0.01
Short Long Term Debt Total	-0.76	-0.45	0.05	-0.73	-0.63	-0.27	-0.76	-0.68	-0.44	-0.44	-0.5	-0.71	-0.78	-0.72	-0.54	0.06	-0.14	-0.11	0.32	-0.32	-0.32	-0.33	0.43		-0.36	-0.1
Property Plant And Equipment Net	0.28	0.2	-0.31	0.7	0.69	-0.19	0.45	0.5	-0.19	0.1	0.03	0.09	0.56	0.25	0.1	0.66	-0.28	-0.32	-0.45	0.05	0.05	-0.02	-0.61	-0.36		-0.26
Non Currrent Assets Other	0.22	-0.08	0.41	0.0	-0.06	0.45	0.17	0.12	0.39	0.23	0.38	0.22	0.16	0.15	0.22	-0.3	0.22	0.21	0.53	-0.5	-0.5	0.38	0.01	-0.1	-0.26

Click cells to compare fundamentals

Canfor Pulp Account Relationship Matchups

Canfor Pulp fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Other Current Liab	38.7M	43.6M	39.6M	32M	36.8M	38.0M
Total Current Liabilities	162.6M	150.9M	166M	267.5M	228.2M	130.7M
Total Stockholder Equity	532.5M	495M	427.4M	337.1M	176M	167.2M
Retained Earnings	51.7M	14.2M	(53.4M)	(143.7M)	(304.8M)	(289.6M)
Accounts Payable	122.9M	103.4M	110.5M	127.7M	98.1M	94.0M
Non Current Assets Total	603M	469.6M	441.6M	424.3M	236.8M	470.1M
Net Receivables	103.9M	76.2M	89.9M	54.3M	30.1M	28.6M
Total Liab	388.3M	346.7M	328.6M	402.8M	276.9M	275.2M
Total Current Assets	317.8M	372.1M	314.4M	251.5M	216.1M	230.1M
Non Current Liabilities Total	225.7M	195.8M	162.6M	135.3M	48.7M	46.3M
Net Tangible Assets	532.4M	512M	478.4M	414.2M	476.3M	411.9M
Net Debt	45.7M	(20.4M)	53.1M	88.1M	82.7M	86.8M
Cash	6.8M	73.3M	14.7M	21.1M	15.3M	25.1M
Cash And Short Term Investments	6.8M	73.3M	14.7M	21.1M	15.3M	25.1M
Other Current Assets	18.6M	10.8M	26.6M	10.2M	7.6M	12.9M
Short Term Debt	1M	800K	15.9M	107.8M	98M	102.9M
Short Long Term Debt Total	52.5M	52.9M	67.8M	109.2M	125.6M	73.8M
Property Plant And Equipment Net	576M	450.3M	420M	409.9M	186.4M	177.1M
Non Currrent Assets Other	6.5M	2.7M	8.4M	6.8M	5.7M	4.7M
Inventory	188.5M	211.8M	183.2M	165.9M	155.5M	186.8M
Property Plant And Equipment Gross	576M	1.9B	2.0B	2.0B	1.9B	1.1B
Other Assets	6.5M	2.7M	8.4M	64.1M	45.9M	48.2M
Property Plant Equipment	576M	450.3M	420M	409.9M	186.4M	177.1M
Long Term Debt Total	51.9M	51.5M	52.1M	1.4M	1.2M	1.1M
Cash And Equivalents	6.8M	73.3M	14.7M	21.1M	15.3M	24.2M
Intangible Assets	20.5M	16.6M	13.2M	7.6M	4.5M	4.3M
Net Invested Capital	582.5M	545M	492.4M	444.1M	274M	412.8M
Net Working Capital	155.2M	221.2M	148.4M	(16M)	(12.1M)	(11.5M)

Pair Trading with Canfor Pulp

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

Moving against Canfor Stock

0.51	AOV	Amotiv Limited	Pair Corr
0.49	GUD	Knight Therapeutics Earnings Call This Week	Pair Corr
0.46	FDY	Faraday Copper Corp	Pair Corr
0.45	INC-UN	Income Financial Trust	Pair Corr
0.44	AG	First Majestic Silver	Pair Corr

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

The correlation of Canfor Pulp 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 Canfor Pulp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canfor Pulp Products 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 Canfor Pulp 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 Canfor Stock

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

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Canfor Net Receivables vs Net Tangible Assets Analysis

Net Receivables vs Net Tangible Assets

Net Receivables vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Net Receivables

Net Tangible Assets

Canfor Pulp fundamental ratios Correlations

Canfor Pulp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canfor Pulp fundamental ratios Accounts

Pair Trading with Canfor Pulp

Moving against Canfor Stock

Other Information on Investing in Canfor Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock Total Equity	+ 0.99	Common Stock
Non Current Assets Total	+ 0.94	Total Assets
Total Current Assets	+ 0.93	Total Assets
Retained Earnings	+ 0.93	Total Stockholder Equity
Other Liab	+ 0.92	Total Assets

Common Stock Total Equity	- 0.87	Long Term Investments
Common Stock	- 0.84	Long Term Investments
Short Long Term Debt Total	- 0.78	Non Current Liabilities Total
Short Long Term Debt Total	- 0.76	Non Current Assets Total
Short Long Term Debt Total	- 0.76	Total Assets
Short Long Term Debt Total	- 0.73	Total Stockholder Equity