Ben Thomas - Pason Systems Director Unit

PSI Stock  CAD 14.93  0.33  2.26%   

Insider

Ben Thomas is Director Unit of Pason Systems
Address 6130 Third Street SE, Calgary, AB, Canada, T2H 1K4
Phone403 301 3400
Webhttps://www.pason.com

Pason Systems Management Efficiency

The company has return on total asset (ROA) of 0.1166 % which means that it generated a profit of $0.1166 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2525 %, meaning that it generated $0.2525 on every $100 dollars invested by stockholders. Pason Systems' management efficiency ratios could be used to measure how well Pason Systems manages its routine affairs as well as how well it operates its assets and liabilities. As of the 22nd of November 2024, Return On Capital Employed is likely to grow to 0.32, while Return On Tangible Assets are likely to drop 0.14. At this time, Pason Systems' Non Currrent Assets Other are very stable compared to the past year. As of the 22nd of November 2024, Debt To Assets is likely to grow to 0.11, while Total Assets are likely to drop about 335.1 M.
Pason Systems has accumulated 12.99 M in total debt with debt to equity ratio (D/E) of 0.02, which may suggest the company is not taking enough advantage from borrowing. Pason Systems has a current ratio of 5.51, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Pason Systems until it has trouble settling it off, either with new capital or with free cash flow. So, Pason Systems' 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 Pason Systems sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Pason to invest in growth at high rates of return. When we think about Pason Systems' use of debt, we should always consider it together with cash and equity.

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Pason Systems Inc. provides instrumentation and data management systems for drilling rigs. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada. PASON SYSTEMS operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. Pason Systems (PSI) is traded on Toronto Exchange in Canada and employs 21 people. Pason Systems is listed under Oil & Gas Equipment & Services category by Fama And French industry classification.

Management Performance

Pason Systems Leadership Team

Elected by the shareholders, the Pason Systems' board of directors comprises two types of representatives: Pason Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pason. The board's role is to monitor Pason Systems' management team and ensure that shareholders' interests are well served. Pason Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pason Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.
Kevin Boston, Vice President - Corporate Development
Kevin Lo, Vice President - New Ventures
Celine Boston, Chief Officer
Ben Thomas, Director Unit
Jon Faber, Chief Financial Officer
Russell Smith, Vice President - Operations, International and Offshore
Natalie Fenez, VP Secretary
CFA CPA, CEO Pres
Timur Kuru, President and General Manager - USA
Lars Olesen, Vice President - Product Management
Laura Schwinn, Independent Director
James Howe, Lead Independent Director
Heather Hantos, Vice Resources
Reid Wuntke, I Software
Marcel Kessler, President, Chief Executive Officer, Director
Ryan Beurden, Vice President - Rigsite Research and Development
David Elliott, Vice President - Finance
T Collins, Independent Director
James Hill, Executive Chairman of the Board
Bryce McLean, Vice President - Operations, Canada
Judi Hess, Independent Director

Pason 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 Pason Systems 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 Pason Systems

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 Pason Systems 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 Pason Systems will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Pason Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pason Systems 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 Pason Systems - 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 Pason Systems to buy it.
The correlation of Pason Systems 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 Pason Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pason Systems 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 Pason Systems 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 Pason Stock

Pason Systems financial ratios help investors to determine whether Pason 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 Pason with respect to the benefits of owning Pason Systems security.