Canada Operating Income vs Gross Profit Analysis
GOOS Stock | USD 13.99 0.87 6.63% |
Canada Goose financial indicator trend analysis is way more than just evaluating Canada Goose Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canada Goose Holdings is a good investment. Please check the relationship between Canada Goose Operating Income and its Gross Profit accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Operating Income vs Gross Profit
Operating Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canada Goose Holdings Operating Income account and Gross Profit. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Canada Goose's Operating Income and Gross Profit is 0.59. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Canada Goose Holdings, assuming nothing else is changed. The correlation between historical values of Canada Goose's Operating Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Canada Goose Holdings are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., Canada Goose's Operating Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Operating Income
Operating Income is the amount of profit realized from Canada Goose Holdings operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Canada Goose Holdings is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Canada Goose Holdings minus its cost of goods sold. It is profit before Canada Goose 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.Most indicators from Canada Goose's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canada Goose Holdings 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, Canada Goose's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 19.9 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 8.56 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 733.6M | 815.2M | 804.6M | 486.5M | Total Revenue | 1.1B | 1.2B | 1.3B | 798.5M |
Canada Goose fundamental ratios Correlations
Click cells to compare fundamentals
Canada Goose Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canada Goose fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1B | 1.5B | 1.3B | 1.6B | 1.5B | 1.0B | |
Short Long Term Debt Total | 386M | 622.6M | 620.7M | 754M | 728.4M | 417.0M | |
Other Current Liab | 28.6M | 8.8M | 43M | 53.1M | 146.2M | 153.5M | |
Total Current Liabilities | 201.3M | 262.1M | 281.5M | 352.4M | 309.9M | 200.3M | |
Total Stockholder Equity | 520.2M | 600.1M | 427.9M | 469.5M | 417M | 382.9M | |
Other Liab | 44.5M | 41.1M | 67.6M | 72.8M | 83.7M | 43.9M | |
Net Tangible Assets | 190.4M | 305.4M | 392M | 252.6M | 290.5M | 305.0M | |
Property Plant And Equipment Net | 326.9M | 350.2M | 329.4M | 447.8M | 451.6M | 233.6M | |
Net Debt | 354.3M | 144.7M | 333M | 467.5M | 583.5M | 612.7M | |
Retained Earnings | 389.4M | 454.4M | 290.4M | 316.5M | 252.5M | 240.2M | |
Accounts Payable | 136.8M | 177.8M | 176.2M | 195.6M | 57.6M | 109.4M | |
Cash | 31.7M | 477.9M | 287.7M | 286.5M | 144.9M | 157.9M | |
Non Current Assets Total | 588.5M | 610.3M | 578.3M | 726.8M | 740.8M | 484.1M | |
Non Currrent Assets Other | 100K | 5.1M | 20.4M | 12.5M | 270.2M | 283.7M | |
Other Assets | 19.2M | 46.8M | 52M | 73.6M | 84.6M | 88.9M | |
Long Term Debt | 158.1M | 367.8M | 366.2M | 391.6M | 388.5M | 253.8M | |
Cash And Short Term Investments | 31.7M | 477.9M | 287.7M | 286.5M | 144.9M | 157.9M | |
Net Receivables | 44.3M | 45.7M | 43.8M | 51.8M | 98.4M | 103.3M | |
Common Stock Total Equity | 106.1M | 112.6M | 114.7M | 120.5M | 138.6M | 88.6M | |
Common Stock Shares Outstanding | 111.2M | 111.1M | 109.2M | 105.6M | 101.8M | 86.4M | |
Liabilities And Stockholders Equity | 1.1B | 1.5B | 1.3B | 1.6B | 1.5B | 1.0B | |
Non Current Liabilities Total | 391.2M | 645M | 631.2M | 760.1M | 748.2M | 439.9M | |
Capital Lease Obligations | 227.9M | 254.8M | 250.7M | 334.8M | 330.5M | 347.0M | |
Inventory | 412.3M | 342.3M | 393.3M | 472.6M | 445.2M | 309.4M | |
Other Current Assets | 35.9M | 31M | 37.5M | 52.3M | 60.1M | 32.4M | |
Other Stockholder Equity | 15.7M | 25.2M | 36.2M | 28.5M | 54.4M | 57.1M | |
Total Liab | 592.5M | 907.1M | 912.7M | 1.1B | 1.1B | 640.1M | |
Property Plant And Equipment Gross | 326.9M | 350.2M | 329.4M | 447.8M | 903.3M | 948.5M | |
Total Current Assets | 524.2M | 896.9M | 762.3M | 863.2M | 740.8M | 540.5M | |
Accumulated Other Comprehensive Income | 400K | (5.2M) | (17.2M) | 5.8M | 5.2M | 5.5M | |
Non Current Liabilities Other | 4.6M | 20.4M | 25.7M | 56.9M | 54.6M | 57.3M | |
Short Term Debt | 35.9M | 45.2M | 62.3M | 103.7M | 89.3M | 93.8M | |
Intangible Assets | 161.7M | 155M | 122.2M | 135.1M | 155.4M | 151.9M | |
Common Stock | 114.7M | 120.5M | 118.5M | 118.7M | 104.9M | 99.7M | |
Property Plant Equipment | 84.3M | 326.9M | 350.2M | 329.4M | 378.8M | 397.8M |
Pair Trading with Canada Goose
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 Canada Goose 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 Canada Goose will appreciate offsetting losses from the drop in the long position's value.Moving together with Canada Stock
0.66 | JAKK | JAKKS Pacific | PairCorr |
Moving against Canada Stock
0.76 | MODG | Callaway Golf | PairCorr |
0.7 | CPS | Cooper Stnd | PairCorr |
0.67 | DPZ | Dominos Pizza | PairCorr |
0.65 | GM | General Motors | PairCorr |
0.61 | CMG | Chipotle Mexican Grill | PairCorr |
The ability to find closely correlated positions to Canada Goose could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canada Goose 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 Canada Goose - 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 Canada Goose Holdings to buy it.
The correlation of Canada Goose 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 Canada Goose moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canada Goose Holdings 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 Canada Goose 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Canada Stock analysis
When running Canada Goose's price analysis, check to measure Canada Goose'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 Canada Goose is operating at the current time. Most of Canada Goose's value examination focuses on studying past and present price action to predict the probability of Canada Goose's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canada Goose's price. Additionally, you may evaluate how the addition of Canada Goose to your portfolios can decrease your overall portfolio volatility.
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |
Is Canada Goose'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 Canada Goose. If investors know Canada 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 Canada Goose 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 0.008 | Earnings Share 0.42 | Revenue Per Share 13.23 | Quarterly Revenue Growth 0.221 | Return On Assets 0.0515 |
The market value of Canada Goose Holdings is measured differently than its book value, which is the value of Canada that is recorded on the company's balance sheet. Investors also form their own opinion of Canada Goose's value that differs from its market value or its book value, called intrinsic value, which is Canada Goose'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 Canada Goose's market value can be influenced by many factors that don't directly affect Canada Goose'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 Canada Goose's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canada Goose is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canada Goose'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.