Cargojet Financial Statements From 2010 to 2023
| CJT Stock | CAD 93.53 0.81 0.87% |
Operating Income 170.5 M | Gross Profit 247.5 M | Profit Margin 0.1569 | Net Interest Income -33.6 M | Revenue 941.3 M |
Cargojet Revenues |
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Check Cargojet financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cargojet main balance sheet or income statement drivers, such as Direct Expenses of 511.6 M, Net Income of 162.6 M or Operating Income of 229.4 M, as well as many exotic indicators such as Interest Coverage of 7.42, Long Term Debt to Equity of 0.52 or Calculated Tax Rate of 19.26. Cargojet financial statements analysis is a perfect complement when working with Cargojet Valuation or Volatility modules.
Cargojet | Select Account or Indicator |
Cargojet Balance Sheet | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Cargojet Cash Flow Statement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Cargojet Fundamental Market Drivers
| Forward Price Earnings | 17.9533 | |
| Cash And Short Term Investments | 6.1 M |
About Cargojet Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Cargojet income statement, its balance sheet, and the statement of cash flows. Cargojet investors use historical funamental indicators, such as Cargojet's revenue or net income, to determine how well the company is positioned to perform in the future. Although Cargojet investors may use each financial statement separately, they are all related. The changes in Cargojet's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cargojet's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Cargojet Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Cargojet. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for 2023 | ||
| Revenues | 682 M | 735.9 M | |
| Revenue to Assets | 0.58 | 0.81 | |
| Revenue Per Employee | 455.9 K | 429.7 K |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cargojet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Pair Trading with Cargojet
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 Cargojet 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 Cargojet will appreciate offsetting losses from the drop in the long position's value.Moving against Cargojet Stock
| - | 0.61 | CGY | Calian Technologies | PairCorr | ||
| - | 0.52 | MOX | Morien Resources Corp | PairCorr | ||
| - | 0.45 | ATS | ATS CORP | PairCorr | ||
| - | 0.44 | VCM | Vecima Networks | PairCorr | ||
| - | 0.41 | EIF | Exchange Income | PairCorr |
The ability to find closely correlated positions to Cargojet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cargojet 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 Cargojet - 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 Cargojet to buy it.
The correlation of Cargojet is a statistical measure of how it moves in relation to other equities. 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 Cargojet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cargojet 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 Cargojet 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.Check out the analysis of Cargojet Correlation against competitors. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Cargojet Stock analysis
When running Cargojet's price analysis, check to measure Cargojet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cargojet is operating at the current time. Most of Cargojet's value examination focuses on studying past and present price action to predict the probability of Cargojet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cargojet's price. Additionally, you may evaluate how the addition of Cargojet to your portfolios can decrease your overall portfolio volatility.
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