Cogeco Roic vs Capex To Revenue Analysis

CGO Stock

CAD 60.17 0.13 0.22%

Cogeco financial indicator trend analysis is way more than just evaluating Cogeco Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cogeco Inc is a good investment. Please check the relationship between Cogeco Roic and its Capex To Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cogeco Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Roic vs Capex To Revenue

Roic vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cogeco Inc Roic account and Capex To Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Cogeco's Roic and Capex To Revenue is -0.43. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Cogeco Inc, assuming nothing else is changed. The correlation between historical values of Cogeco's Roic and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Cogeco Inc are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Roic i.e., Cogeco's Roic and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

-0.43

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Most indicators from Cogeco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cogeco Inc 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cogeco Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Cogeco's Tax Provision is very stable compared to the past year. As of the 25th of November 2024, Discontinued Operations is likely to grow to about 91 M, while Selling General Administrative is likely to drop about 530.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	897.1M	928.9M	1.1B	654.5M
Total Revenue	3.0B	3.1B	3.1B	1.7B

Gross Profit Total Revenue

Cogeco fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Other Current Liab	Current Deferred Revenue	Short Term Debt	Good Will	Inventory
Total Assets		0.97	0.65	0.85	0.98	0.96	0.82	0.66	0.25	1.0	0.04	0.59	0.43	-0.61	0.98	0.48	-0.59	0.99	0.87	0.47	0.99	0.17	0.54	0.39	0.85	0.32
Short Long Term Debt Total	0.97		0.58	0.71	0.97	0.99	0.68	0.6	0.05	0.98	-0.02	0.5	0.38	-0.71	0.97	0.41	-0.5	0.98	0.87	0.27	0.96	0.14	0.41	0.3	0.81	0.22
Total Current Liabilities	0.65	0.58		0.71	0.66	0.61	0.7	0.81	0.11	0.64	0.34	0.27	0.41	-0.4	0.59	0.7	-0.56	0.66	0.6	0.42	0.59	0.37	0.82	0.79	0.71	0.45
Total Stockholder Equity	0.85	0.71	0.71		0.78	0.74	0.99	0.68	0.57	0.82	0.14	0.61	0.47	-0.34	0.81	0.57	-0.6	0.81	0.66	0.76	0.84	0.16	0.68	0.48	0.88	0.41
Property Plant And Equipment Net	0.98	0.97	0.66	0.78		0.96	0.74	0.69	0.13	0.99	0.02	0.52	0.45	-0.65	0.97	0.45	-0.62	0.98	0.9	0.37	0.96	0.22	0.53	0.35	0.79	0.3
Net Debt	0.96	0.99	0.61	0.74	0.96		0.69	0.66	0.02	0.98	0.02	0.39	0.48	-0.62	0.98	0.46	-0.52	0.99	0.84	0.25	0.95	0.13	0.44	0.35	0.85	0.2
Retained Earnings	0.82	0.68	0.7	0.99	0.74	0.69		0.65	0.6	0.78	0.13	0.63	0.42	-0.35	0.77	0.54	-0.57	0.77	0.63	0.77	0.81	0.13	0.69	0.46	0.87	0.44
Accounts Payable	0.66	0.6	0.81	0.68	0.69	0.66	0.65		0.05	0.66	0.05	0.15	0.77	-0.27	0.68	0.49	-0.82	0.71	0.45	0.31	0.6	0.47	0.56	0.43	0.7	0.1
Cash	0.25	0.05	0.11	0.57	0.13	0.02	0.6	0.05		0.19	0.01	0.76	0.05	0.15	0.18	0.17	-0.27	0.16	0.08	0.93	0.26	0.12	0.28	0.16	0.23	0.27
Non Current Assets Total	1.0	0.98	0.64	0.82	0.99	0.98	0.78	0.66	0.19		0.03	0.56	0.42	-0.63	0.99	0.47	-0.58	0.99	0.87	0.42	0.99	0.17	0.52	0.37	0.84	0.3
Non Currrent Assets Other	0.04	-0.02	0.34	0.14	0.02	0.02	0.13	0.05	0.01	0.03		-0.12	-0.22	0.11	-0.03	0.81	0.28	0.02	0.22	0.12	0.04	-0.11	0.46	0.57	0.12	0.19
Cash And Short Term Investments	0.59	0.5	0.27	0.61	0.52	0.39	0.63	0.15	0.76	0.56	-0.12		-0.1	-0.46	0.5	0.13	-0.33	0.5	0.51	0.75	0.62	0.24	0.28	0.11	0.36	0.32
Net Receivables	0.43	0.38	0.41	0.47	0.45	0.48	0.42	0.77	0.05	0.42	-0.22	-0.1		0.15	0.51	0.24	-0.77	0.5	0.13	0.23	0.36	0.29	0.21	0.22	0.49	-0.14
Common Stock Shares Outstanding	-0.61	-0.71	-0.4	-0.34	-0.65	-0.62	-0.35	-0.27	0.15	-0.63	0.11	-0.46	0.15		-0.57	-0.09	0.14	-0.59	-0.72	0.06	-0.63	-0.05	-0.19	0.0	-0.46	-0.22
Non Current Liabilities Total	0.98	0.97	0.59	0.81	0.97	0.98	0.77	0.68	0.18	0.99	-0.03	0.5	0.51	-0.57		0.44	-0.59	0.99	0.81	0.39	0.97	0.15	0.45	0.31	0.87	0.22
Other Current Assets	0.48	0.41	0.7	0.57	0.45	0.46	0.54	0.49	0.17	0.47	0.81	0.13	0.24	-0.09	0.44		-0.2	0.48	0.47	0.38	0.46	0.16	0.62	0.79	0.56	0.17
Other Stockholder Equity	-0.59	-0.5	-0.56	-0.6	-0.62	-0.52	-0.57	-0.82	-0.27	-0.58	0.28	-0.33	-0.77	0.14	-0.59	-0.2		-0.61	-0.3	-0.44	-0.54	-0.52	-0.39	-0.22	-0.45	-0.07
Total Liab	0.99	0.98	0.66	0.81	0.98	0.99	0.77	0.71	0.16	0.99	0.02	0.5	0.5	-0.59	0.99	0.48	-0.61		0.84	0.4	0.97	0.2	0.51	0.39	0.86	0.26
Property Plant And Equipment Gross	0.87	0.87	0.6	0.66	0.9	0.84	0.63	0.45	0.08	0.87	0.22	0.51	0.13	-0.72	0.81	0.47	-0.3	0.84		0.32	0.84	-0.04	0.61	0.39	0.67	0.53
Total Current Assets	0.47	0.27	0.42	0.76	0.37	0.25	0.77	0.31	0.93	0.42	0.12	0.75	0.23	0.06	0.39	0.38	-0.44	0.4	0.32		0.46	0.16	0.57	0.43	0.45	0.46
Intangible Assets	0.99	0.96	0.59	0.84	0.96	0.95	0.81	0.6	0.26	0.99	0.04	0.62	0.36	-0.63	0.97	0.46	-0.54	0.97	0.84	0.46		0.15	0.5	0.33	0.83	0.29
Other Current Liab	0.17	0.14	0.37	0.16	0.22	0.13	0.13	0.47	0.12	0.17	-0.11	0.24	0.29	-0.05	0.15	0.16	-0.52	0.2	-0.04	0.16	0.15		0.0	0.19	0.04	-0.36
Current Deferred Revenue	0.54	0.41	0.82	0.68	0.53	0.44	0.69	0.56	0.28	0.52	0.46	0.28	0.21	-0.19	0.45	0.62	-0.39	0.51	0.61	0.57	0.5	0.0		0.76	0.56	0.81
Short Term Debt	0.39	0.3	0.79	0.48	0.35	0.35	0.46	0.43	0.16	0.37	0.57	0.11	0.22	0.0	0.31	0.79	-0.22	0.39	0.39	0.43	0.33	0.19	0.76		0.46	0.48
Good Will	0.85	0.81	0.71	0.88	0.79	0.85	0.87	0.7	0.23	0.84	0.12	0.36	0.49	-0.46	0.87	0.56	-0.45	0.86	0.67	0.45	0.83	0.04	0.56	0.46		0.29
Inventory	0.32	0.22	0.45	0.41	0.3	0.2	0.44	0.1	0.27	0.3	0.19	0.32	-0.14	-0.22	0.22	0.17	-0.07	0.26	0.53	0.46	0.29	-0.36	0.81	0.48	0.29

Click cells to compare fundamentals

Cogeco Account Relationship Matchups

Cogeco fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.0B	7.5B	9.5B	9.9B	9.8B	10.3B
Short Long Term Debt Total	3.2B	3.3B	4.7B	5.1B	5.9B	6.2B
Total Current Liabilities	392.7M	808.1M	1.0B	529.6M	900.2M	467.8M
Total Stockholder Equity	761.5M	816.7M	919.8M	925.9M	810.4M	559.7M
Property Plant And Equipment Net	2.1B	2.4B	3.1B	3.3B	3.3B	3.5B
Net Debt	2.8B	3.0B	4.5B	4.8B	4.9B	5.1B
Retained Earnings	647.8M	705.4M	757.6M	750.4M	697.0M	385.9M
Accounts Payable	226.2M	287.9M	396.5M	334.8M	376.4M	259.6M
Cash	406.1M	368.4M	251.2M	334.6M	77.7M	73.9M
Non Current Assets Total	6.5B	6.9B	8.9B	9.3B	9.5B	10.0B
Non Currrent Assets Other	537K	13.6M	72.9M	1.2M	1.7M	1.6M
Cash And Short Term Investments	406.1M	368.4M	251.2M	334.6M	384.8M	404.0M
Net Receivables	102.2M	104.1M	131.2M	168.2M	104.1M	105.9M
Common Stock Shares Outstanding	16.0M	16.0M	15.9M	15.7M	9.5M	13.1M
Liabilities And Stockholders Equity	7.0B	7.5B	9.5B	9.9B	11.4B	11.9B
Non Current Liabilities Total	3.9B	3.8B	5.2B	5.9B	5.5B	5.8B
Other Current Assets	30.2M	37.0M	173.1M	43.3M	40.9M	29.0M
Other Stockholder Equity	11.1M	9.9M	11.0M	10.4M	9.3M	8.9M
Total Liab	4.3B	4.6B	6.2B	6.4B	6.4B	6.7B
Property Plant And Equipment Gross	2.1B	6.2B	7.4B	7.8B	8.3B	8.7B
Total Current Assets	538.6M	680.0M	555.5M	580.7M	270.5M	273.7M
Accumulated Other Comprehensive Income	(2.4M)	(5.9M)	44.4M	60.2M	69.2M	72.7M
Intangible Assets	2.9B	2.8B	3.7B	3.7B	3.8B	4.0B
Other Current Liab	78.5M	25.9M	70.5M	36.9M	62.0M	70.1M
Current Deferred Revenue	47.4M	227.9M	192.1M	91.3M	105.0M	59.7M
Short Term Debt	40.5M	266.4M	349.1M	66.6M	76.5M	89.0M
Good Will	1.4B	1.5B	2.0B	2.1B	2.1B	1.2B
Common Stock	105.0M	107.2M	106.8M	104.9M	94.4M	89.6M
Other Liab	612.5M	666.2M	726.9M	792.3M	911.1M	713.8M
Net Tangible Assets	(3.6B)	(3.5B)	(3.5B)	(4.7B)	(4.3B)	(4.5B)
Other Assets	66.3M	121.5M	184.1M	127.4M	146.5M	89.9M
Long Term Debt	3.1B	3.0B	4.4B	5.0B	4.6B	3.9B
Deferred Long Term Liab	39.9M	44.9M	46.2M	66.8M	76.8M	80.6M
Short Long Term Debt	40.5M	266.4M	349.1M	66.6M	385.5M	404.8M
Property Plant Equipment	2.1B	2.4B	3.1B	3.3B	3.8B	2.5B
Long Term Debt Total	3.2B	3.1B	4.4B	5.0B	5.8B	3.8B
Cash And Equivalents	406.1M	368.4M	65.7M	70.9M	63.8M	60.6M
Net Invested Capital	4.0B	4.2B	5.7B	6.0B	5.8B	5.2B

Pair Trading with Cogeco

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

Moving together with Cogeco Stock

0.72	GOOG	Alphabet CDR	Pair Corr
0.85	NVDA	NVIDIA CDR	Pair Corr
0.82	INTC	INTEL CDR	Pair Corr

Moving against Cogeco Stock

0.72	BA	BOEING CDR	Pair Corr
0.36	NKE	NIKE Inc CDR	Pair Corr

The ability to find closely correlated positions to Cogeco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cogeco 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 Cogeco - 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 Cogeco Inc to buy it.

The correlation of Cogeco 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 Cogeco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cogeco Inc 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 Cogeco 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 Correlation Correlation Matching

Other Information on Investing in Cogeco Stock

Balance Sheet is a snapshot of the financial position of Cogeco Inc at a specified time, usually calculated after every quarter, six months, or one year. Cogeco Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cogeco and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Cogeco currently owns. An asset can also be divided into two categories, current and non-current.

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Cogeco Roic vs Capex To Revenue Analysis

Roic vs Capex To Revenue

Roic vs Capex To Revenue Correlation Analysis

Correlation Coefficient

Roic

Capex To Revenue

Cogeco fundamental ratios Correlations

Cogeco Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cogeco fundamental ratios Accounts

Pair Trading with Cogeco

Moving together with Cogeco Stock

Moving against Cogeco Stock

Other Information on Investing in Cogeco Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 0.99	Total Assets
Intangible Assets	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Other Stockholder Equity	- 0.82	Accounts Payable
Other Stockholder Equity	- 0.77	Net Receivables
Property Plant And Equipment Gross	- 0.72	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.71	Short Long Term Debt Total
Common Stock Shares Outstanding	- 0.65	Property Plant And Equipment Net
Intangible Assets	- 0.63	Common Stock Shares Outstanding