Cano Gross Profit vs Asset Turnover Analysis

CANO Stock  USD 0.21  0.04  16.00%   
Cano Health financial indicator trend analysis is way more than just evaluating Cano Health prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cano Health is a good investment. Please check the relationship between Cano Health Gross Profit and its Asset Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cano Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Cano Stock, please use our How to Invest in Cano Health guide.

Gross Profit vs Asset Turnover

Gross Profit vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cano Health Gross Profit account and Asset Turnover. At this time, the significance of the direction appears to have weak relationship.
The correlation between Cano Health's Gross Profit and Asset Turnover is 0.3. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Cano Health, assuming nothing else is changed. The correlation between historical values of Cano Health's Gross Profit and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Cano Health are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Gross Profit i.e., Cano Health's Gross Profit and Asset Turnover go up and down completely randomly.

Correlation Coefficient

0.3
Relationship DirectionPositive 
Relationship StrengthVery Weak

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Cano Health minus its cost of goods sold. It is profit before Cano Health operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Most indicators from Cano Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cano Health 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 Cano Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Cano Stock, please use our How to Invest in Cano Health guide.As of the 28th of March 2024, Enterprise Value Multiple is likely to grow to 1,435, though Tax Provision is likely to grow to (475.9 K).
 2021 2022 2023 2024 (projected)
Depreciation And Amortization49.4M90.6M104.2M109.4M
Interest Income4K14K364K382.2K

Cano Health fundamental ratios Correlations

0.880.59-0.39-0.760.790.350.790.13-0.030.84-0.040.720.810.750.770.810.330.810.750.330.760.580.820.70.82
0.880.66-0.43-0.940.980.310.98-0.140.030.99-0.160.940.90.840.970.920.260.90.880.260.850.630.920.930.92
0.590.66-0.52-0.510.670.710.60.370.00.75-0.150.490.860.860.670.750.860.870.770.860.960.970.810.470.8
-0.39-0.43-0.520.23-0.41-0.86-0.40.21-0.84-0.460.89-0.37-0.52-0.72-0.49-0.36-0.47-0.52-0.12-0.47-0.55-0.62-0.42-0.37-0.44
-0.76-0.94-0.510.23-0.96-0.03-0.970.310.09-0.920.05-0.97-0.84-0.72-0.94-0.92-0.03-0.83-0.87-0.03-0.72-0.41-0.88-0.96-0.89
0.790.980.67-0.41-0.960.271.0-0.230.030.99-0.180.970.910.840.990.930.230.910.890.230.840.610.930.960.93
0.350.310.71-0.86-0.030.270.220.280.570.37-0.620.130.470.660.330.270.820.480.180.820.620.830.360.110.37
0.790.980.6-0.4-0.971.00.22-0.30.060.98-0.20.990.880.80.990.910.140.870.850.140.790.550.90.980.9
0.13-0.140.370.210.31-0.230.28-0.3-0.51-0.120.54-0.440.0-0.04-0.28-0.070.680.020.160.680.190.4-0.02-0.47-0.05
-0.030.030.0-0.840.090.030.570.06-0.510.04-0.980.10.060.30.13-0.080.040.05-0.370.040.040.13-0.030.110.0
0.840.990.75-0.46-0.920.990.370.98-0.120.04-0.190.930.940.880.990.940.350.940.90.350.90.710.950.920.95
-0.04-0.16-0.150.890.05-0.18-0.62-0.20.54-0.98-0.19-0.24-0.22-0.44-0.28-0.08-0.11-0.210.21-0.11-0.19-0.25-0.13-0.25-0.15
0.720.940.49-0.37-0.970.970.130.99-0.440.10.93-0.240.820.740.970.870.00.810.780.00.70.430.851.00.85
0.810.90.86-0.52-0.840.910.470.880.00.060.94-0.220.820.960.910.970.521.00.880.520.970.780.990.80.99
0.750.840.86-0.72-0.720.840.660.8-0.040.30.88-0.440.740.960.860.890.590.960.740.590.950.830.930.730.93
0.770.970.67-0.49-0.940.990.330.99-0.280.130.99-0.280.970.910.860.920.240.910.850.240.840.630.920.970.92
0.810.920.75-0.36-0.920.930.270.91-0.07-0.080.94-0.080.870.970.890.920.350.970.920.350.90.650.990.850.99
0.330.260.86-0.47-0.030.230.820.140.680.040.35-0.110.00.520.590.240.350.530.411.00.70.90.44-0.020.42
0.810.90.87-0.52-0.830.910.480.870.020.050.94-0.210.811.00.960.910.970.530.880.530.970.80.990.80.99
0.750.880.77-0.12-0.870.890.180.850.16-0.370.90.210.780.880.740.850.920.410.880.410.870.670.920.770.9
0.330.260.86-0.47-0.030.230.820.140.680.040.35-0.110.00.520.590.240.351.00.530.410.70.90.44-0.020.42
0.760.850.96-0.55-0.720.840.620.790.190.040.9-0.190.70.970.950.840.90.70.970.870.70.910.940.680.93
0.580.630.97-0.62-0.410.610.830.550.40.130.71-0.250.430.780.830.630.650.90.80.670.90.910.720.410.71
0.820.920.81-0.42-0.880.930.360.9-0.02-0.030.95-0.130.850.990.930.920.990.440.990.920.440.940.720.831.0
0.70.930.47-0.37-0.960.960.110.98-0.470.110.92-0.251.00.80.730.970.85-0.020.80.77-0.020.680.410.830.84
0.820.920.8-0.44-0.890.930.370.9-0.050.00.95-0.150.850.990.930.920.990.420.990.90.420.930.711.00.84
Click cells to compare fundamentals

Cano Health Account Relationship Matchups

Cano Health fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab73.5M28.8M62.9M67.8M78.0M51.7M
Total Current Liabilities86.2M67.2M161.0M208.4M239.7M251.7M
Other Liab7.4M38.2M142.2M58.7M67.5M59.2M
Net Tangible Assets(119.6M)574.7M(450.9M)(227.7M)(205.0M)(194.7M)
Retained Earnings(25.0M)(107.8M)(78.8M)(286.0M)(257.4M)(244.6M)
Accounts Payable12.6M31.4M72.8M105.7M121.6M127.7M
Other Assets6.3M0.013.6M4.8M5.5M6.6M
Net Receivables49.3M67.4M133.4M233.8M268.9M282.3M
Inventory646K922K1.1M1.00.90.86
Other Stockholder Equity(130K)(660.3M)(48K)2.3M2.7M2.8M
Total Current Assets82.9M111.0M317.2M340.7M391.9M411.5M
Common Stock123.2M660.2M48K49K44.1K41.9K
Property Plant Equipment19.2M38.1M85.3M309.2M355.6M373.4M

Pair Trading with Cano Health

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 Cano Health 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 Cano Health will appreciate offsetting losses from the drop in the long position's value.

Moving against Cano Stock

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The ability to find closely correlated positions to Cano Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cano Health 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 Cano Health - 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 Cano Health to buy it.
The correlation of Cano Health 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 Cano Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cano Health 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 Cano Health 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 CorrelationCorrelation Matching
When determining whether Cano Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cano Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cano Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cano Health Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cano Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Cano Stock, please use our How to Invest in Cano Health guide.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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Is Cano Health'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 Cano Health. If investors know Cano 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 Cano Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(228.47)
Revenue Per Share
1.2 K
Quarterly Revenue Growth
0.185
Return On Assets
(0.14)
Return On Equity
(4.29)
The market value of Cano Health is measured differently than its book value, which is the value of Cano that is recorded on the company's balance sheet. Investors also form their own opinion of Cano Health's value that differs from its market value or its book value, called intrinsic value, which is Cano Health'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 Cano Health's market value can be influenced by many factors that don't directly affect Cano Health'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 Cano Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cano Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cano Health'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.