Cargojet Days Sales Outstanding vs Free Cash Flow Yield Analysis

CJT Stock

CAD 121.54 1.61 1.31%

Cargojet financial indicator trend analysis is way more than just evaluating Cargojet prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cargojet is a good investment. Please check the relationship between Cargojet Days Sales Outstanding and its Free Cash Flow Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. 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.

Days Sales Outstanding vs Free Cash Flow Yield

Days Sales Outstanding vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cargojet Days Sales Outstanding account and Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Cargojet's Days Sales Outstanding and Free Cash Flow Yield is -0.28. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Cargojet, assuming nothing else is changed. The correlation between historical values of Cargojet's Days Sales Outstanding and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Cargojet are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Days Sales Outstanding i.e., Cargojet's Days Sales Outstanding and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Days Sales Outstanding

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Cargojet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cargojet 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 Cargojet. 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, Cargojet's Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.12, while Selling General Administrative is likely to drop about 41.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	230.9M	247.5M	136.1M	93.9M
Total Revenue	757.8M	979.9M	877.5M	921.4M

Gross Profit Total Revenue

Cargojet fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Current Deferred Revenue	Short Term Debt
Total Assets		0.91	0.61	0.92	0.94	1.0	0.83	0.66	0.96	0.3	1.0	0.3	0.96	0.82	0.96	0.86	0.98	0.81	0.77	0.97	0.99	0.9	-0.25	0.96	0.01	0.35
Short Long Term Debt Total	0.91		0.64	0.92	0.75	0.92	0.98	0.47	0.85	0.03	0.92	0.03	0.89	0.72	0.9	0.78	0.96	0.7	0.7	0.96	0.86	0.77	-0.32	0.78	0.22	0.53
Other Current Liab	0.61	0.64		0.54	0.51	0.63	0.67	0.37	0.48	-0.21	0.64	-0.21	0.53	0.37	0.53	0.72	0.64	0.8	0.2	0.63	0.57	0.3	0.09	0.51	0.05	0.29
Total Current Liabilities	0.92	0.92	0.54		0.77	0.92	0.84	0.44	0.89	0.27	0.92	0.27	0.85	0.78	0.94	0.78	0.95	0.65	0.79	0.96	0.87	0.81	-0.27	0.81	0.13	0.64
Total Stockholder Equity	0.94	0.75	0.51	0.77		0.93	0.64	0.82	0.92	0.41	0.93	0.41	0.94	0.79	0.85	0.79	0.85	0.81	0.72	0.84	0.98	0.9	-0.18	0.98	-0.12	0.07
Property Plant And Equipment Net	1.0	0.92	0.63	0.92	0.93		0.85	0.64	0.94	0.27	1.0	0.27	0.96	0.79	0.96	0.88	0.98	0.82	0.74	0.98	0.98	0.88	-0.27	0.95	0.04	0.38
Net Debt	0.83	0.98	0.67	0.84	0.64	0.85		0.4	0.76	-0.19	0.84	-0.19	0.84	0.63	0.82	0.72	0.91	0.64	0.61	0.9	0.77	0.68	-0.33	0.67	0.25	0.5
Retained Earnings	0.66	0.47	0.37	0.44	0.82	0.64	0.4		0.75	0.26	0.65	0.26	0.76	0.67	0.48	0.41	0.52	0.57	0.6	0.51	0.75	0.68	-0.03	0.7	-0.23	-0.37
Accounts Payable	0.96	0.85	0.48	0.89	0.92	0.94	0.76	0.75		0.33	0.94	0.33	0.96	0.91	0.89	0.7	0.91	0.68	0.91	0.92	0.97	0.96	-0.23	0.91	-0.05	0.22
Cash	0.3	0.03	-0.21	0.27	0.41	0.27	-0.19	0.26	0.33		0.28	1.0	0.19	0.35	0.32	0.22	0.18	0.22	0.32	0.2	0.33	0.38	0.04	0.43	-0.13	0.08
Non Current Assets Total	1.0	0.92	0.64	0.92	0.93	1.0	0.84	0.65	0.94	0.28		0.28	0.95	0.79	0.96	0.88	0.98	0.83	0.74	0.98	0.98	0.88	-0.25	0.96	0.02	0.37
Cash And Short Term Investments	0.3	0.03	-0.21	0.27	0.41	0.27	-0.19	0.26	0.33	1.0	0.28		0.19	0.35	0.32	0.22	0.18	0.22	0.32	0.2	0.33	0.38	0.04	0.43	-0.13	0.08
Net Receivables	0.96	0.89	0.53	0.85	0.94	0.96	0.84	0.76	0.96	0.19	0.95	0.19		0.84	0.89	0.76	0.92	0.74	0.81	0.92	0.97	0.94	-0.26	0.92	0.0	0.18
Good Will	0.82	0.72	0.37	0.78	0.79	0.79	0.63	0.67	0.91	0.35	0.79	0.35	0.84		0.78	0.58	0.78	0.6	0.92	0.78	0.83	0.9	-0.16	0.76	-0.07	0.14
Common Stock Total Equity	0.96	0.9	0.53	0.94	0.85	0.96	0.82	0.48	0.89	0.32	0.96	0.32	0.89	0.78		0.85	0.96	0.78	0.74	0.97	0.92	0.86	-0.26	0.91	-0.02	0.52
Common Stock Shares Outstanding	0.86	0.78	0.72	0.78	0.79	0.88	0.72	0.41	0.7	0.22	0.88	0.22	0.76	0.58	0.85		0.86	0.9	0.41	0.85	0.83	0.64	-0.2	0.86	0.11	0.48
Non Current Liabilities Total	0.98	0.96	0.64	0.95	0.85	0.98	0.91	0.52	0.91	0.18	0.98	0.18	0.92	0.78	0.96	0.86		0.77	0.74	1.0	0.94	0.85	-0.29	0.89	0.09	0.49
Inventory	0.81	0.7	0.8	0.65	0.81	0.82	0.64	0.57	0.68	0.22	0.83	0.22	0.74	0.6	0.78	0.9	0.77		0.38	0.76	0.8	0.59	-0.05	0.82	-0.13	0.23
Other Current Assets	0.77	0.7	0.2	0.79	0.72	0.74	0.61	0.6	0.91	0.32	0.74	0.32	0.81	0.92	0.74	0.41	0.74	0.38		0.75	0.78	0.91	-0.15	0.7	-0.09	0.17
Total Liab	0.97	0.96	0.63	0.96	0.84	0.98	0.9	0.51	0.92	0.2	0.98	0.2	0.92	0.78	0.97	0.85	1.0	0.76	0.75		0.93	0.85	-0.29	0.88	0.09	0.52
Property Plant And Equipment Gross	0.99	0.86	0.57	0.87	0.98	0.98	0.77	0.75	0.97	0.33	0.98	0.33	0.97	0.83	0.92	0.83	0.94	0.8	0.78	0.93		0.92	-0.23	0.97	-0.02	0.23
Total Current Assets	0.9	0.77	0.3	0.81	0.9	0.88	0.68	0.68	0.96	0.38	0.88	0.38	0.94	0.9	0.86	0.64	0.85	0.59	0.91	0.85	0.92		-0.2	0.9	-0.06	0.14
Intangible Assets	-0.25	-0.32	0.09	-0.27	-0.18	-0.27	-0.33	-0.03	-0.23	0.04	-0.25	0.04	-0.26	-0.16	-0.26	-0.2	-0.29	-0.05	-0.15	-0.29	-0.23	-0.2		-0.21	-0.23	-0.24
Common Stock	0.96	0.78	0.51	0.81	0.98	0.95	0.67	0.7	0.91	0.43	0.96	0.43	0.92	0.76	0.91	0.86	0.89	0.82	0.7	0.88	0.97	0.9	-0.21		-0.08	0.21
Current Deferred Revenue	0.01	0.22	0.05	0.13	-0.12	0.04	0.25	-0.23	-0.05	-0.13	0.02	-0.13	0.0	-0.07	-0.02	0.11	0.09	-0.13	-0.09	0.09	-0.02	-0.06	-0.23	-0.08		0.36
Short Term Debt	0.35	0.53	0.29	0.64	0.07	0.38	0.5	-0.37	0.22	0.08	0.37	0.08	0.18	0.14	0.52	0.48	0.49	0.23	0.17	0.52	0.23	0.14	-0.24	0.21	0.36

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Cargojet Account Relationship Matchups

Cargojet fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.2B	1.5B	2.0B	2.0B	2.1B
Short Long Term Debt Total	633.8M	572.8M	398.6M	707M	799.2M	839.2M
Other Current Liab	9.6M	9.9M	4.5M	18.7M	11.1M	6.0M
Total Current Liabilities	114.5M	180.6M	98.2M	150.5M	186.3M	195.6M
Total Stockholder Equity	276.2M	175.2M	676.4M	831.5M	784.5M	823.7M
Property Plant And Equipment Net	890.2M	998.7M	1.2B	1.6B	1.6B	1.6B
Net Debt	632.2M	569.1M	303.9M	700.9M	767.4M	805.8M
Retained Earnings	(37.5M)	(140.2M)	7.8M	166.8M	160.8M	168.8M
Accounts Payable	45.6M	66.9M	71.7M	100.4M	147M	154.4M
Cash	1.6M	3.7M	94.7M	6.1M	31.8M	33.4M
Non Current Assets Total	1.0B	1.1B	1.3B	1.9B	1.8B	1.8B
Cash And Short Term Investments	1.6M	3.7M	94.7M	6.1M	31.8M	33.4M
Net Receivables	51.4M	41.4M	75.3M	95.7M	119.2M	125.2M
Common Stock Total Equity	174.4M	177.9M	298.2M	300M	345M	362.3M
Common Stock Shares Outstanding	13.6M	15.6M	17.6M	20.3M	17.2M	12.3M
Liabilities And Stockholders Equity	1.1B	1.2B	1.5B	2.0B	2.0B	2.1B
Non Current Liabilities Total	707.6M	868.1M	715.2M	1.0B	1.1B	1.1B
Inventory	2.3M	1.5M	2.2M	3.3M	2.6M	1.5M
Other Current Assets	15.2M	49.6M	27.9M	11M	124.5M	130.7M
Total Liab	822.1M	1.0B	813.4M	1.2B	1.3B	1.3B
Property Plant And Equipment Gross	890.2M	998.7M	1.7B	2.3B	2.4B	2.5B
Total Current Assets	70.5M	96.2M	200.1M	116.1M	278.1M	292.0M
Common Stock	298.2M	300M	655.2M	650.9M	609.8M	640.3M
Short Term Debt	59.3M	103.8M	22M	31.4M	22.9M	24.8M
Other Stockholder Equity	2.4M	2.3M	300K	700K	800K	760K
Other Liab	133.1M	399.1M	338.6M	328.7M	378.0M	396.9M
Net Tangible Assets	225.9M	124.9M	626.1M	781.2M	898.4M	943.3M
Other Assets	10.6M	87.3M	78.7M	70.1M	1.0	0.95
Long Term Debt	437.5M	377.8M	307.2M	618M	680.1M	357.1M
Property Plant Equipment	890.2M	998.7M	1.2B	1.6B	1.9B	2.0B
Long Term Debt Total	574.5M	469M	376.6M	675.6M	776.9M	502.7M
Capital Lease Obligations	196.3M	195M	91.4M	89M	119.1M	118.2M
Net Invested Capital	713.7M	553M	983.6M	1.4B	1.5B	961.9M

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

0.73

CCL-A

CCL Industries

Pair Corr

Moving against Cargojet Stock

0.5

BUI

Buhler Industries

Pair Corr

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 Correlation Correlation Matching

Other Information on Investing in Cargojet Stock

Balance Sheet is a snapshot of the financial position of Cargojet at a specified time, usually calculated after every quarter, six months, or one year. Cargojet Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cargojet 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 Cargojet currently owns. An asset can also be divided into two categories, current and non-current.

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Cargojet Days Sales Outstanding vs Free Cash Flow Yield Analysis

Days Sales Outstanding vs Free Cash Flow Yield

Days Sales Outstanding vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Days Sales Outstanding

Free Cash Flow Yield

Cargojet fundamental ratios Correlations

Cargojet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cargojet fundamental ratios Accounts

Pair Trading with Cargojet

Moving together with Cargojet Stock

Moving against Cargojet Stock

Other Information on Investing in Cargojet Stock

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Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Gross	+ 0.99	Total Assets

Short Term Debt	- 0.37	Retained Earnings
Intangible Assets	- 0.33	Net Debt
Intangible Assets	- 0.32	Short Long Term Debt Total
Intangible Assets	- 0.29	Total Liab
Intangible Assets	- 0.29	Non Current Liabilities Total
Intangible Assets	- 0.27	Property Plant And Equipment Net