Arlene Dickinson - Cargojet Independent Director

CJT Stock  CAD 121.54  1.61  1.31%   

Insider

Arlene Dickinson is Independent Director of Cargojet since 2018.
Age 63
Tenure 6 years
Address 2281 North Sheridan Way, Mississauga, ON, Canada, L5K 2S3
Phone866 551 5529
Webhttps://2281cargojet.com

Cargojet Management Efficiency

The company has return on total asset (ROA) of 0.0254 % which means that it generated a profit of $0.0254 on every $100 spent on assets. This is way below average. Cargojet's management efficiency ratios could be used to measure how well Cargojet manages its routine affairs as well as how well it operates its assets and liabilities. As of the 26th of November 2024, Return On Capital Employed is likely to grow to 0.06, while Return On Tangible Assets are likely to drop 0.02. At this time, Cargojet's Total Assets are very stable compared to the past year. As of the 26th of November 2024, Non Current Assets Total is likely to grow to about 1.8 B, while Intangible Assets are likely to drop about 1.7 M.
Cargojet has accumulated 799.2 M in total debt with debt to equity ratio (D/E) of 2.72, implying the company greatly relies on financing operations through barrowing. Cargojet has a current ratio of 0.65, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Cargojet until it has trouble settling it off, either with new capital or with free cash flow. So, Cargojet's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cargojet sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cargojet to invest in growth at high rates of return. When we think about Cargojet's use of debt, we should always consider it together with cash and equity.

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Cargojet Inc. provides time sensitive overnight air cargo services in Canada. Cargojet Inc. is headquartered in Mississauga, Canada.Cargojet Inc. operates as a subsidiary of Flagship International Marketing Limited. CARGOJET INC operates under Integrated Freight Logistics classification in Canada and is traded on Toronto Stock Exchange. It employs 1182 people. Cargojet (CJT) is traded on Toronto Exchange in Canada and employs 1,892 people. Cargojet is listed under Air Freight & Logistics category by Fama And French industry classification.

Management Performance

Cargojet Leadership Team

Elected by the shareholders, the Cargojet's board of directors comprises two types of representatives: Cargojet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cargojet. The board's role is to monitor Cargojet's management team and ensure that shareholders' interests are well served. Cargojet's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cargojet's outside directors are responsible for providing unbiased perspectives on the board's policies.
Arlene Dickinson, Independent Director
Scott Calver, Chief Officer
Sanjeev Maini, Vice Finance
Gord Johnston, Executive Sales
Fernando Garcia, Vice Governance
Leo Cordeiro, Senior Engineering
Jamie Porteous, Chief Commercial Officer, Executive VP, Director and Member of Corporate Governance Committee
Paul Godfrey, Independent Director
Ajay Virmani, Chairman of the Board and Presidentident, CEO
Ajay MBA, Founder Chairman
John Webster, Lead Independent Director
Pauline Dhillon, Executive Vice President - Marketing, Public and Government Relations
Anju Virmani, Chief Officer
George Sugar, Senior Vice President - Flight Operations
John Kim, Chief Financial Officer, Vice President - Governance, Corporate Secretary
James Crane, Independent Chairman of the Board
Paul Rinaldo, Senior Vice President - Engineering and Maintenance

Cargojet Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Cargojet a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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 together with Cargojet Stock

  0.73CCL-A CCL IndustriesPairCorr

Moving against Cargojet Stock

  0.5BUI Buhler IndustriesPairCorr
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 CorrelationCorrelation Matching

Other Information on Investing in Cargojet Stock

Cargojet financial ratios help investors to determine whether Cargojet Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cargojet with respect to the benefits of owning Cargojet security.