Goodfellow Historical Financial Ratios
GDL Stock | CAD 13.17 0.06 0.46% |
Goodfellow is recently reporting on over 91 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 0.83 or Days Sales Outstanding of 57.18 will help investors to properly organize and evaluate Goodfellow financial condition quickly.
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About Goodfellow Financial Ratios Analysis
GoodfellowFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Goodfellow investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Goodfellow financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Goodfellow history.
Goodfellow Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Goodfellow stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Goodfellow sales, a figure that is much harder to manipulate than other Goodfellow 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.Dividend Yield
Dividend Yield is Goodfellow dividend as a percentage of Goodfellow stock price. Goodfellow dividend yield is a measure of Goodfellow stock productivity, which can be interpreted as interest rate earned on an Goodfellow investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Most ratios from Goodfellow's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Goodfellow current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodfellow. 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, Goodfellow's Inventory Turnover is very stable compared to the past year. As of the 28th of December 2024, Net Income Per Share is likely to grow to 0.85, while Price To Sales Ratio is likely to drop 0.12.
2022 | 2024 (projected) | Dividend Yield | 0.0711 | 0.035 | Price To Sales Ratio | 0.23 | 0.12 |
Goodfellow fundamentals Correlations
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Goodfellow Account Relationship Matchups
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Goodfellow fundamentals Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Dividend Yield | 0.0298 | 0.0889 | 0.074 | 0.0711 | 0.0386 | 0.035 | |
Ptb Ratio | 0.36 | 0.47 | 0.51 | 0.56 | 0.62 | 0.83 | |
Days Sales Outstanding | 61.16 | 37.48 | 37.07 | 42.68 | 54.99 | 57.18 | |
Book Value Per Share | 14.16 | 18.8 | 21.81 | 22.84 | 13.91 | 9.68 | |
Free Cash Flow Yield | 0.3 | 0.17 | 0.39 | 0.33 | 0.0681 | 0.0484 | |
Operating Cash Flow Per Share | 1.34 | 3.89 | 3.04 | 5.03 | 0.92 | 0.82 | |
Pb Ratio | 0.36 | 0.47 | 0.51 | 0.56 | 0.62 | 0.83 | |
Ev To Sales | 0.19 | 0.16 | 0.22 | 0.17 | 0.2 | 0.24 | |
Free Cash Flow Per Share | 1.16 | 3.73 | 2.47 | 4.58 | 0.62 | 0.56 | |
Roic | 0.0999 | 0.23 | 0.18 | 0.0844 | 0.0438 | 0.0856 | |
Inventory Turnover | 4.28 | 4.37 | 4.41 | 4.07 | 5.3 | 8.13 | |
Net Income Per Share | 1.61 | 4.42 | 3.82 | 1.72 | 0.62 | 0.85 | |
Days Of Inventory On Hand | 85.36 | 83.59 | 82.78 | 89.75 | 68.87 | 45.98 | |
Payables Turnover | 11.67 | 16.74 | 19.67 | 14.85 | 19.48 | 14.34 | |
Capex To Revenue | 0.003237 | 0.002218 | 0.007733 | 0.00748 | 0.005318 | 0.006468 | |
Cash Per Share | 0.28 | 0.4 | 0.5 | 3.32 | 0.0232 | 0.022 | |
Pocfratio | 5.02 | 2.46 | 4.01 | 2.8 | 9.85 | 9.36 | |
Interest Coverage | 12.64 | 36.93 | 25.39 | 9.39 | 7.95 | 6.34 | |
Payout Ratio | 0.12 | 0.19 | 0.24 | 0.58 | 0.56 | 0.29 | |
Capex To Operating Cash Flow | 0.13 | 0.041 | 0.19 | 0.0893 | 0.33 | 0.43 | |
Pfcf Ratio | 5.76 | 2.57 | 4.93 | 3.07 | 14.68 | 28.54 | |
Days Payables Outstanding | 31.28 | 21.81 | 18.56 | 24.59 | 18.73 | 16.77 | |
Income Quality | 0.83 | 0.88 | 0.8 | 2.93 | 1.48 | 1.55 | |
Roe | 0.11 | 0.24 | 0.17 | 0.0753 | 0.0447 | 0.0424 | |
Pe Ratio | 4.16 | 2.16 | 3.19 | 8.18 | 14.59 | 8.2 | |
Return On Tangible Assets | 0.0642 | 0.16 | 0.13 | 0.0585 | 0.0281 | 0.0402 | |
Ev To Free Cash Flow | 10.05 | 3.2 | 5.6 | 2.68 | 21.18 | 20.12 | |
Earnings Yield | 0.24 | 0.46 | 0.31 | 0.12 | 0.0686 | 0.096 | |
Intangibles To Total Assets | 0.0148 | 0.0112 | 0.008489 | 0.005883 | 0.001595 | 0.001515 | |
Net Debt To E B I T D A | 1.51 | 0.33 | 0.25 | (0.48) | 2.84 | 2.31 | |
Current Ratio | 2.06 | 2.9 | 4.25 | 4.23 | 2.34 | 1.74 | |
Tangible Book Value Per Share | 13.78 | 18.49 | 21.57 | 22.67 | 13.87 | 9.57 | |
Receivables Turnover | 5.97 | 9.74 | 9.85 | 8.55 | 6.64 | 5.78 | |
Graham Number | 22.67 | 43.23 | 43.28 | 29.74 | 13.94 | 13.69 | |
Shareholders Equity Per Share | 14.16 | 18.8 | 21.81 | 22.84 | 13.91 | 9.68 | |
Debt To Equity | 0.28 | 0.24 | 0.0574 | 0.29 | 0.33 | 0.5 |
Pair Trading with Goodfellow
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 Goodfellow 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 Goodfellow will appreciate offsetting losses from the drop in the long position's value.Moving together with Goodfellow Stock
Moving against Goodfellow Stock
0.79 | RY-PM | Royal Bank | PairCorr |
0.78 | BMO-PE | Bank of Montreal | PairCorr |
0.73 | RY-PS | Royal Bank | PairCorr |
0.72 | BMO | Bank of Montreal | PairCorr |
0.71 | CRM | SalesforceCom CDR | PairCorr |
The ability to find closely correlated positions to Goodfellow could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goodfellow 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 Goodfellow - 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 Goodfellow to buy it.
The correlation of Goodfellow 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 Goodfellow moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goodfellow 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 Goodfellow 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 Goodfellow Stock
GoodfellowFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Goodfellow investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Goodfellow financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Goodfellow history.