David Elliott - Pason Systems VP of Fin.

PSYTF Stock  USD 11.75  0.04  0.34%   

VP

Mr. David Elliott is an Vice President Finance of Pason Systems Inc. since 2016.
Tenure 8 years
Phone403 301 3400
Webhttps://www.pason.com
Elliott graduated from the University of Calgary with a Bachelor of Commerce, and articled and obtained his Chartered Accountant designation with Deloitte Haskins & Sells, in Calgary.

Pason Systems Management Efficiency

The company has return on total asset (ROA) of 0.1486 % which means that it generated a profit of $0.1486 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2382 %, meaning that it generated $0.2382 on every $100 dollars invested by stockholders. Pason Systems' management efficiency ratios could be used to measure how well Pason Systems manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 6.43 M in total debt with debt to equity ratio (D/E) of 0.02, which may suggest the company is not taking enough advantage from borrowing. Pason Systems has a current ratio of 4.23, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Pason Systems until it has trouble settling it off, either with new capital or with free cash flow. So, Pason Systems' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Pason Systems sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Pason to invest in growth at high rates of return. When we think about Pason Systems' use of debt, we should always consider it together with cash and equity.

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Pason Systems Inc., an energy services and technology company, provides data management systems for drilling rigs in Canada, the United States, and internationally. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada. Pason Systems operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. Pason Systems [PSYTF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Pason Systems Leadership Team

Elected by the shareholders, the Pason Systems' board of directors comprises two types of representatives: Pason Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pason. The board's role is to monitor Pason Systems' management team and ensure that shareholders' interests are well served. Pason Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pason Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.
Ben Thomas, Director Unit
CFA CPA, CEO Pres
Timur Kuru, President and General Manager - USA
Lars Olesen, Vice President - Product Management
Chad Yetka, COO
Marcel Kessler, CEO and President and Director
David Elliott, VP of Fin.
Allen Brooks, Independent Director
James Hill, Executive Chairman of the Board
Judi Hess, Director
Kevin Boston, Vice President - Corporate Development
Kevin Lo, Vice President - New Ventures
Celine Boston, Chief Officer
Jon Faber, CFO
Russell Smith, VP of International
Natalie Fenez, VP Sec
Melinda Ando, General Counsel and Corporate Secretary
James Howe, Lead Independent Director
David Holodinsky, VP of US Operations
Heather Hantos, VP HR
Reid Wuntke, I Software
Jay Collins, Independent Director
Ryan Beurden, Vice President - Rigsite R&D
Murray Cobbe, Independent Director
Bryce McLean, Vice President - Operations, Canada

Pason Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Pason Systems a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Please note, there is a significant difference between Pason Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Pason Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pason Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.