Cal Payout Ratio vs Income Tax Expense Analysis
| CALM Stock | USD 60.36 1.54 2.49% |
Cal Maine financial indicator trend analysis is way more than just evaluating Cal Maine Foods prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cal Maine Foods is a good investment. Please check the relationship between Cal Maine Payout Ratio and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cal Maine Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Payout Ratio vs Income Tax Expense
Payout Ratio vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cal Maine Foods Payout Ratio account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Cal Maine's Payout Ratio and Income Tax Expense is -0.34. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Cal Maine Foods, assuming nothing else is changed. The correlation between historical values of Cal Maine's Payout Ratio and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Cal Maine Foods are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Payout Ratio i.e., Cal Maine's Payout Ratio and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.34 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Payout Ratio
Payout Ratio is the proportion of Cal Maine Foods earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Cal Maine Foods dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Cal Maine Foods is paying out more in dividends than it makes in net income.Income Tax Expense
Most indicators from Cal Maine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cal Maine Foods 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 Cal Maine Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. As of the 18th of April 2024, Tax Provision is likely to grow to about 292 M, while Selling General Administrative is likely to drop about 91.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 337.1M | 1.2B | 1.4B | 1.4B | Total Revenue | 1.8B | 3.1B | 3.6B | 3.8B |
Cal Maine fundamental ratios Correlations
Click cells to compare fundamentals
Cal Maine Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cal Maine fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.2B | 1.2B | 1.4B | 2.0B | 2.2B | 2.4B | |
| Short Long Term Debt Total | 2.3M | 3.4M | 2.4M | 1.4M | 1.3M | 1.2M | |
| Other Current Liab | 36.3M | 36.4M | 101.9M | 100.1M | 115.2M | 120.9M | |
| Total Current Liabilities | 93.2M | 90.1M | 184.7M | 182.7M | 210.1M | 220.6M | |
| Total Stockholder Equity | 1.0B | 1.0B | 1.1B | 1.6B | 1.9B | 1.9B | |
| Property Plant And Equipment Net | 557.4M | 591.7M | 679.2M | 744.5M | 856.2M | 899.0M | |
| Net Debt | (74.7M) | (55.0M) | (57.6M) | (292.8M) | (263.5M) | (250.4M) | |
| Retained Earnings | 975.1M | 976.0M | 1.1B | 1.6B | 1.8B | 1.9B | |
| Accounts Payable | 92.2M | 52.8M | 82.0M | 82.6M | 95.0M | 51.9M | |
| Cash | 78.1M | 57.4M | 59.1M | 292.8M | 336.7M | 353.6M | |
| Non Current Assets Total | 684.4M | 709.2M | 766.0M | 829.6M | 954.0M | 1.0B | |
| Non Currrent Assets Other | 127.1M | (6.1M) | (688K) | 1.5M | 1.7M | 1.6M | |
| Cash And Short Term Investments | 232.3M | 169.5M | 174.5M | 647.9M | 745.1M | 782.4M | |
| Net Receivables | 98.4M | 126.6M | 219.4M | 187.2M | 215.3M | 226.1M | |
| Common Stock Shares Outstanding | 48.6M | 48.7M | 48.7M | 48.8M | 44.0M | 45.2M | |
| Liabilities And Stockholders Equity | 1.2B | 1.2B | 1.4B | 2.0B | 2.2B | 2.4B | |
| Non Current Liabilities Total | 103.8M | 126.3M | 138.5M | 162.2M | 186.5M | 121.7M | |
| Inventory | 187.2M | 218.4M | 263.3M | 284.4M | 327.1M | 343.4M | |
| Other Current Assets | 4.4M | 5.4M | 4.3M | 5.4M | 6.2M | 5.9M | |
| Other Stockholder Equity | 33.7M | 36.6M | 39.5M | 42.1M | 37.9M | 59.6M | |
| Total Liab | 197.0M | 216.4M | 323.1M | 344.9M | 396.7M | 358.8M | |
| Property Plant And Equipment Gross | 560.6M | 591.7M | 1.4B | 1.5B | 1.7B | 1.8B | |
| Total Current Assets | 522.3M | 519.9M | 661.5M | 1.1B | 1.3B | 1.4B | |
| Accumulated Other Comprehensive Income | 79K | (558K) | (1.6M) | (2.9M) | (3.3M) | (3.5M) | |
| Short Term Debt | 1.7M | 1.0M | 906K | 696K | 626.4K | 595.1K | |
| Intangible Assets | 22.8M | 20.3M | 18.1M | 15.9M | 18.3M | 12.4M | |
| Other Liab | 90.7M | 101.4M | 124.8M | 137.7M | 158.4M | 166.3M | |
| Other Assets | 2.0M | 1.8M | 2.7M | 5.4M | 6.2M | 4.2M | |
| Treasury Stock | (26.7M) | (27.4M) | (28.4M) | (30.0M) | (27.0M) | (28.4M) | |
| Property Plant Equipment | 560.6M | 591.7M | 677.8M | 744.5M | 856.2M | 899.0M | |
| Short Term Investments | 154.2M | 112.2M | 115.4M | 355.1M | 408.4M | 428.8M | |
| Net Tangible Assets | 951.3M | 956.9M | 1.0B | 1.6B | 1.8B | 938.4M | |
| Noncontrolling Interest In Consolidated Entity | 2.3M | 3.2M | (206K) | (1.5M) | (1.3M) | (1.3M) | |
| Retained Earnings Total Equity | 975.1M | 976.0M | 1.1B | 1.6B | 1.8B | 1.9B |
Cal Maine Investors Sentiment
The influence of Cal Maine's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cal. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cal Maine's public news can be used to forecast risks associated with an investment in Cal. The trend in average sentiment can be used to explain how an investor holding Cal can time the market purely based on public headlines and social activities around Cal Maine Foods. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cal Maine's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cal Maine's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cal Maine's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cal Maine.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cal Maine in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cal Maine's short interest history, or implied volatility extrapolated from Cal Maine options trading.
Pair Trading with Cal Maine
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 Cal Maine 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 Cal Maine will appreciate offsetting losses from the drop in the long position's value.Moving together with Cal Stock
| 0.82 | TSN | Tyson Foods Financial Report 13th of May 2024 | PairCorr |
Moving against Cal Stock
| 0.84 | PAVS | Paranovus Entertainment | PairCorr |
| 0.81 | ABEV | Ambev SA ADR Financial Report 2nd of May 2024 | PairCorr |
| 0.81 | IH | IhumanInc | PairCorr |
| 0.8 | SAM | Boston Beer Earnings Call This Week | PairCorr |
| 0.69 | BUD | Anheuser Busch Inbev Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Cal Maine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cal Maine 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 Cal Maine - 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 Cal Maine Foods to buy it.
The correlation of Cal Maine 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 Cal Maine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cal Maine Foods 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 Cal Maine 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cal Maine Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Cal Stock analysis
When running Cal Maine's price analysis, check to measure Cal Maine'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 Cal Maine is operating at the current time. Most of Cal Maine's value examination focuses on studying past and present price action to predict the probability of Cal Maine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cal Maine's price. Additionally, you may evaluate how the addition of Cal Maine to your portfolios can decrease your overall portfolio volatility.
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Is Cal Maine's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cal Maine. If investors know Cal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cal Maine listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.55) | Dividend Share 1.879 | Earnings Share 5.64 | Revenue Per Share 48.755 | Quarterly Revenue Growth (0.29) |
The market value of Cal Maine Foods is measured differently than its book value, which is the value of Cal that is recorded on the company's balance sheet. Investors also form their own opinion of Cal Maine's value that differs from its market value or its book value, called intrinsic value, which is Cal Maine's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cal Maine's market value can be influenced by many factors that don't directly affect Cal Maine's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cal Maine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cal Maine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cal Maine's 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.