Andre Dube - Wajax Senior Operations

WJX Stock  CAD 21.68  0.37  1.74%   

Executive

Andre Dube is Senior Operations of Wajax
Address 2250 Argentia Road, Mississauga, ON, Canada, L5N 6A5
Phone877 469 2529
Webhttps://www.wajax.com

Wajax Management Efficiency

The company has return on total asset (ROA) of 0.0456 % which means that it generated a profit of $0.0456 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1047 %, meaning that it generated $0.1047 on every $100 dollars invested by stockholders. Wajax's management efficiency ratios could be used to measure how well Wajax manages its routine affairs as well as how well it operates its assets and liabilities. As of the 23rd of November 2024, Return On Capital Employed is likely to grow to 0.25, while Return On Tangible Assets are likely to drop 0.05. At this time, Wajax's Asset Turnover is very stable compared to the past year.
Wajax has accumulated 500.87 M in total debt with debt to equity ratio (D/E) of 1.27, which is about average as compared to similar companies. Wajax has a current ratio of 2.32, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Wajax until it has trouble settling it off, either with new capital or with free cash flow. So, Wajax'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 Wajax sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Wajax to invest in growth at high rates of return. When we think about Wajax's use of debt, we should always consider it together with cash and equity.

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Wajax Corporation, an integrated distribution company, provides sales, parts, and services to construction, forestry, mining, industrialcommercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. Wajax Corporation was founded in 1858 and is headquartered in Mississauga, Canada. WAJAX CORPORATION operates under Industrial Distribution classification in Canada and is traded on Toronto Stock Exchange. It employs 2900 people. Wajax (WJX) is traded on Toronto Exchange in Canada and employs 3,100 people. Wajax is listed under Trading Companies & Distributors category by Fama And French industry classification.

Management Performance

Wajax Leadership Team

Elected by the shareholders, the Wajax's board of directors comprises two types of representatives: Wajax inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Wajax. The board's role is to monitor Wajax's management team and ensure that shareholders' interests are well served. Wajax'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, Wajax's outside directors are responsible for providing unbiased perspectives on the board's policies.
Alexander Taylor, Independent Director
Thomas Alford, Independent Director
Edward Barrett, Independent Director
Trevor Carson, Vice President - Supply Chain and Corporate Development
Donna Baratto, Vice President - Customer Support Centres
A Foote, President, Chief Executive Officer, Director
Douglas Carty, Independent Director
John Eby, Independent Director
Cristian Rodriguez, Vice President - Environment, Health and Safety
Steven Deck, Senior Vice President - Business Development
Andre Dube, Senior Operations
Andrew Tam, General Counsel, Secretary, IR Contact Officer
Justin Warren, VP Services
Tania Casadinho, Vice President - Finance, Corporate Controller
Ignacy Domagalski, CEO President
Robert Dexter, Independent Chairman of the Board
Gregory Abtosway, Vice Development
Mark Edgar, Chief Officer
Irene Stretton, Vice President of Human Resources
Brian Deacon, Senior Management
Stuart Auld, Senior Vice President - Human Resources and Information Systems
Sylvia Chrominska, Independent Director

Wajax 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 Wajax 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 Wajax

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 Wajax 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 Wajax will appreciate offsetting losses from the drop in the long position's value.

Moving against Wajax Stock

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

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