Cargojet Retained Earnings vs Inventory Analysis

CJT Stock

CAD 120.32 1.79 1.47%

Cargojet financial indicator trend analysis is way more than just evaluating Cargojet prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cargojet is a good investment. Please check the relationship between Cargojet Retained Earnings and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. 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.

Retained Earnings vs Inventory

Retained Earnings vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cargojet Retained Earnings account and Inventory. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Cargojet's Retained Earnings and Inventory is 0.57. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Inventory in the same time period over historical financial statements of Cargojet, assuming nothing else is changed. The correlation between historical values of Cargojet's Retained Earnings and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Cargojet are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Retained Earnings i.e., Cargojet's Retained Earnings and Inventory go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Inventory

Most indicators from Cargojet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cargojet 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 Cargojet. 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.

At this time, Cargojet's Tax Provision is very stable compared to the past year. As of the 9th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.12, while Selling General Administrative is likely to drop about 41.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	230.9M	247.5M	138.1M	94.1M
Total Revenue	757.8M	979.9M	877.5M	921.4M

Gross Profit Total Revenue

Cargojet fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Short Term Debt	Non Currrent Assets Other
Total Assets		0.91	0.57	0.92	0.94	1.0	0.85	0.66	0.96	0.52	1.0	0.32	0.96	0.82	0.96	0.85	0.98	0.81	0.46	0.97	0.99	0.9	-0.25	0.97	0.4	0.94
Short Long Term Debt Total	0.91		0.66	0.92	0.75	0.93	0.98	0.47	0.85	0.28	0.92	0.08	0.9	0.73	0.9	0.77	0.97	0.7	0.42	0.96	0.87	0.78	-0.32	0.8	0.56	0.82
Other Current Liab	0.57	0.66		0.6	0.46	0.61	0.73	0.31	0.43	-0.11	0.61	-0.15	0.52	0.3	0.54	0.73	0.61	0.68	0.22	0.61	0.53	0.27	0.05	0.42	0.51	0.47
Total Current Liabilities	0.92	0.92	0.6		0.77	0.92	0.88	0.44	0.89	0.34	0.92	0.13	0.85	0.78	0.94	0.77	0.95	0.65	0.61	0.96	0.87	0.81	-0.27	0.83	0.68	0.86
Total Stockholder Equity	0.94	0.75	0.46	0.77		0.93	0.66	0.82	0.92	0.63	0.93	0.42	0.94	0.79	0.85	0.78	0.85	0.81	0.27	0.84	0.98	0.9	-0.18	0.99	0.12	0.93
Property Plant And Equipment Net	1.0	0.93	0.61	0.92	0.93		0.87	0.64	0.94	0.5	1.0	0.3	0.96	0.79	0.96	0.87	0.98	0.82	0.47	0.98	0.98	0.88	-0.27	0.95	0.43	0.93
Net Debt	0.85	0.98	0.73	0.88	0.66	0.87		0.37	0.75	0.16	0.87	0.01	0.81	0.62	0.85	0.77	0.93	0.69	0.43	0.93	0.79	0.65	-0.33	0.7	0.63	0.74
Retained Earnings	0.66	0.47	0.31	0.44	0.82	0.64	0.37		0.75	0.31	0.65	0.07	0.76	0.67	0.48	0.39	0.52	0.57	-0.27	0.51	0.75	0.68	-0.03	0.75	-0.31	0.78
Accounts Payable	0.96	0.85	0.43	0.89	0.92	0.94	0.75	0.75		0.49	0.94	0.21	0.96	0.91	0.89	0.69	0.91	0.68	0.35	0.92	0.97	0.96	-0.23	0.95	0.28	0.97
Cash	0.52	0.28	-0.11	0.34	0.63	0.5	0.16	0.31	0.49		0.49	0.94	0.52	0.43	0.52	0.48	0.43	0.37	0.37	0.42	0.56	0.68	-0.12	0.67	-0.03	0.39
Non Current Assets Total	1.0	0.92	0.61	0.92	0.93	1.0	0.87	0.65	0.94	0.49		0.3	0.95	0.79	0.96	0.87	0.98	0.83	0.47	0.98	0.98	0.88	-0.25	0.96	0.42	0.94
Cash And Short Term Investments	0.32	0.08	-0.15	0.13	0.42	0.3	0.01	0.07	0.21	0.94	0.3		0.27	0.13	0.34	0.43	0.23	0.29	0.39	0.22	0.34	0.41	-0.1	0.45	-0.04	0.13
Net Receivables	0.96	0.9	0.52	0.85	0.94	0.96	0.81	0.76	0.96	0.52	0.95	0.27		0.84	0.89	0.75	0.92	0.74	0.26	0.92	0.97	0.94	-0.26	0.95	0.24	0.92
Good Will	0.82	0.73	0.3	0.78	0.79	0.79	0.62	0.67	0.91	0.43	0.79	0.13	0.84		0.78	0.56	0.78	0.6	0.28	0.78	0.83	0.9	-0.16	0.83	0.24	0.88
Common Stock Total Equity	0.96	0.9	0.54	0.94	0.85	0.96	0.85	0.48	0.89	0.52	0.96	0.34	0.89	0.78		0.84	0.96	0.78	0.61	0.97	0.92	0.86	-0.26	0.91	0.56	0.88
Common Stock Shares Outstanding	0.85	0.77	0.73	0.77	0.78	0.87	0.77	0.39	0.69	0.48	0.87	0.43	0.75	0.56	0.84		0.85	0.9	0.59	0.84	0.81	0.63	-0.2	0.79	0.52	0.69
Non Current Liabilities Total	0.98	0.97	0.61	0.95	0.85	0.98	0.93	0.52	0.91	0.43	0.98	0.23	0.92	0.78	0.96	0.85		0.77	0.55	1.0	0.94	0.85	-0.29	0.89	0.54	0.89
Inventory	0.81	0.7	0.68	0.65	0.81	0.82	0.69	0.57	0.68	0.37	0.83	0.29	0.74	0.6	0.78	0.9	0.77		0.35	0.76	0.8	0.59	-0.05	0.78	0.28	0.76
Other Current Assets	0.46	0.42	0.22	0.61	0.27	0.47	0.43	-0.27	0.35	0.37	0.47	0.39	0.26	0.28	0.61	0.59	0.55	0.35		0.56	0.37	0.35	-0.16	0.39	0.78	0.32
Total Liab	0.97	0.96	0.61	0.96	0.84	0.98	0.93	0.51	0.92	0.42	0.98	0.22	0.92	0.78	0.97	0.84	1.0	0.76	0.56		0.93	0.85	-0.29	0.89	0.56	0.89
Property Plant And Equipment Gross	0.99	0.87	0.53	0.87	0.98	0.98	0.79	0.75	0.97	0.56	0.98	0.34	0.97	0.83	0.92	0.81	0.94	0.8	0.37	0.93		0.92	-0.23	0.99	0.29	0.95
Total Current Assets	0.9	0.78	0.27	0.81	0.9	0.88	0.65	0.68	0.96	0.68	0.88	0.41	0.94	0.9	0.86	0.63	0.85	0.59	0.35	0.85	0.92		-0.2	0.95	0.21	0.88
Intangible Assets	-0.25	-0.32	0.05	-0.27	-0.18	-0.27	-0.33	-0.03	-0.23	-0.12	-0.25	-0.1	-0.26	-0.16	-0.26	-0.2	-0.29	-0.05	-0.16	-0.29	-0.23	-0.2		-0.21	-0.24	-0.18
Common Stock	0.97	0.8	0.42	0.83	0.99	0.95	0.7	0.75	0.95	0.67	0.96	0.45	0.95	0.83	0.91	0.79	0.89	0.78	0.39	0.89	0.99	0.95	-0.21		0.23	0.93
Short Term Debt	0.4	0.56	0.51	0.68	0.12	0.43	0.63	-0.31	0.28	-0.03	0.42	-0.04	0.24	0.24	0.56	0.52	0.54	0.28	0.78	0.56	0.29	0.21	-0.24	0.23		0.26
Non Currrent Assets Other	0.94	0.82	0.47	0.86	0.93	0.93	0.74	0.78	0.97	0.39	0.94	0.13	0.92	0.88	0.88	0.69	0.89	0.76	0.32	0.89	0.95	0.88	-0.18	0.93	0.26

Click cells to compare fundamentals

Cargojet Account Relationship Matchups

Cargojet fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.2B	1.5B	2.0B	2.0B	2.1B
Short Long Term Debt Total	633.8M	572.8M	398.6M	707M	813.1M	853.7M
Other Current Liab	9.6M	9.9M	4.5M	18.7M	11.1M	6.8M
Total Current Liabilities	114.5M	180.6M	98.2M	150.5M	186.3M	195.6M
Total Stockholder Equity	276.2M	175.2M	676.4M	831.5M	784.5M	823.7M
Property Plant And Equipment Net	890.2M	998.7M	1.2B	1.6B	1.6B	1.6B
Net Debt	632.2M	569.1M	303.9M	700.9M	648.3M	680.7M
Retained Earnings	(37.5M)	(140.2M)	7.8M	166.8M	160.8M	168.8M
Accounts Payable	45.6M	66.9M	71.7M	100.4M	147M	154.4M
Cash	1.6M	3.7M	94.7M	6.1M	31.8M	33.4M
Non Current Assets Total	1.0B	1.1B	1.3B	1.9B	1.8B	1.8B
Cash And Short Term Investments	1.6M	3.7M	94.7M	6.1M	7.0M	9.9M
Net Receivables	51.4M	41.4M	75.3M	95.7M	119.1M	125.1M
Common Stock Total Equity	174.4M	177.9M	298.2M	300M	345M	362.3M
Common Stock Shares Outstanding	13.6M	15.6M	17.6M	20.3M	16.9M	12.1M
Liabilities And Stockholders Equity	1.1B	1.2B	1.5B	2.0B	2.3B	2.4B
Non Current Liabilities Total	707.6M	868.1M	715.2M	1.0B	1.1B	1.1B
Inventory	2.3M	1.5M	2.2M	3.3M	2.6M	1.5M
Other Current Assets	15.2M	49.6M	27.9M	11M	12.7M	10.0M
Total Liab	822.1M	1.0B	813.4M	1.2B	1.3B	1.3B
Property Plant And Equipment Gross	890.2M	998.7M	1.7B	2.3B	2.4B	2.5B
Total Current Assets	70.5M	96.2M	200.1M	116.1M	278.1M	292.0M
Common Stock	298.2M	300M	655.2M	650.9M	748.5M	786.0M
Short Term Debt	59.3M	103.8M	22M	31.4M	36.1M	24.8M
Non Currrent Assets Other	84.1M	75.5M	67M	165.8M	190.7M	200.2M
Other Stockholder Equity	2.4M	2.3M	300K	700K	630K	598.5K
Other Liab	133.1M	399.1M	338.6M	328.7M	378.0M	396.9M
Net Tangible Assets	225.9M	124.9M	626.1M	781.2M	898.4M	943.3M
Other Assets	10.6M	87.3M	78.7M	70.1M	11.7M	11.1M
Long Term Debt	437.5M	377.8M	307.2M	618M	680.1M	357.1M
Property Plant Equipment	890.2M	998.7M	1.2B	1.6B	1.9B	2.0B
Long Term Debt Total	574.5M	469M	376.6M	675.6M	776.9M	502.7M
Capital Lease Obligations	196.3M	195M	91.4M	89M	119.1M	118.2M
Net Invested Capital	713.7M	553M	983.6M	1.4B	1.5B	961.9M
Net Working Capital	(44M)	(84.4M)	101.9M	(34.4M)	91.8M	96.4M
Capital Stock	298.2M	300M	655.2M	650.9M	609.8M	493.5M

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	META	Meta Platforms CDR	Pair Corr
0.52	NVDA	NVIDIA CDR	Pair Corr
0.43	VISA	Visa Inc CDR	Pair Corr

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 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 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.

Pair Correlation Correlation Matching

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. 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.

You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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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Please note, there is a significant difference between Cargojet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cargojet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cargojet'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.

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Cargojet Retained Earnings vs Inventory Analysis

Retained Earnings vs Inventory

Retained Earnings vs Inventory Correlation Analysis

Correlation Coefficient

Retained Earnings

Inventory

Cargojet fundamental ratios Correlations

Cargojet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cargojet fundamental ratios Accounts

Pair Trading with Cargojet

Moving against Cargojet Stock

Complementary Tools for Cargojet Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Gross	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Stockholder Equity

Intangible Assets	- 0.33	Net Debt
Intangible Assets	- 0.32	Short Long Term Debt Total
Short Term Debt	- 0.31	Retained Earnings
Intangible Assets	- 0.29	Total Liab
Intangible Assets	- 0.29	Non Current Liabilities Total
Other Current Assets	- 0.27	Retained Earnings