Gildan Operating Income from 2010 to 2026
| GIL Stock | CAD 91.68 4.06 4.63% |
Operating Income | First Reported 1996-12-31 | Previous Quarter 199.5 M | Current Value 206.2 M | Quarterly Volatility 66.5 M |
Check Gildan Activewear financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Gildan Activewear's main balance sheet or income statement drivers, such as Depreciation And Amortization of 83.6 M, Interest Expense of 103.2 M or Selling General Administrative of 263.9 M, as well as many indicators such as Price To Sales Ratio of 1.76, Dividend Yield of 0.0214 or PTB Ratio of 2.78. Gildan financial statements analysis is a perfect complement when working with Gildan Activewear Valuation or Volatility modules.
Gildan | Operating Income |
Latest Gildan Activewear's Operating Income Growth Pattern
Below is the plot of the Operating Income of Gildan Activewear over the last few years. Operating Income is the amount of profit realized from Gildan Activewear 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 Gildan Activewear is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Gildan Activewear's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Gildan Activewear's overall financial position and show how it may be relating to other accounts over time.
| Operating Income | 10 Years Trend |
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Operating Income |
| Timeline |
Gildan Operating Income Regression Statistics
| Arithmetic Mean | 413,202,967 | |
| Coefficient Of Variation | 56.82 | |
| Mean Deviation | 175,958,428 | |
| Median | 378,945,000 | |
| Standard Deviation | 234,781,332 | |
| Sample Variance | 55122.3T | |
| Range | 927.4M | |
| R-Value | 0.62 | |
| Mean Square Error | 35870.8T | |
| R-Squared | 0.39 | |
| Significance | 0.01 | |
| Slope | 29,032,357 | |
| Total Sum of Squares | 881956.4T |
Gildan Operating Income History
About Gildan Activewear Financial Statements
Gildan Activewear investors utilize fundamental indicators, such as Operating Income, to predict how Gildan Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Operating Income | 711 M | 746.5 M |
Pair Trading with Gildan Activewear
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 Gildan Activewear 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 Gildan Activewear will appreciate offsetting losses from the drop in the long position's value.Moving together with Gildan Stock
Moving against Gildan Stock
The ability to find closely correlated positions to Gildan Activewear could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gildan Activewear 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 Gildan Activewear - 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 Gildan Activewear to buy it.
The correlation of Gildan Activewear 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 Gildan Activewear moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gildan Activewear 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 Gildan Activewear 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 Gildan Activewear Correlation against competitors. To learn how to invest in Gildan Stock, please use our How to Invest in Gildan Activewear guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.