Enthusiast Payables Turnover vs Free Cash Flow Yield Analysis

EGLX Stock

CAD 0.16 0.02 11.11%

Enthusiast Gaming financial indicator trend analysis is much more than just examining Enthusiast Gaming latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enthusiast Gaming is a good investment. Please check the relationship between Enthusiast Gaming Payables Turnover and its Free Cash Flow Yield accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enthusiast Gaming Holdings. 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.

Payables Turnover vs Free Cash Flow Yield

Payables Turnover vs Free Cash Flow Yield Correlation Analysis

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

The correlation between Enthusiast Gaming's Payables Turnover and Free Cash Flow Yield is -0.3. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Enthusiast Gaming Holdings, assuming nothing else is changed. The correlation between historical values of Enthusiast Gaming's Payables Turnover 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 Payables Turnover of Enthusiast Gaming Holdings 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 Payables Turnover i.e., Enthusiast Gaming's Payables Turnover and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.3

Relationship Direction	Negative
Relationship Strength	Insignificant

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Payables Turnover

A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.

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 Enthusiast Gaming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enthusiast Gaming 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enthusiast Gaming Holdings. 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.

As of the 25th of November 2024, Selling General Administrative is likely to grow to about 30.3 M, though Tax Provision is likely to grow to (1.8 M).

	2021	2022	2023	2024 (projected)
Gross Profit	37.8M	63.5M	14.0M	22.0M
Total Revenue	167.4M	202.8M	178.2M	101.7M

Gross Profit Total Revenue

Enthusiast Gaming fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Long Term Debt Total	Capital Surpluse	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Net Tangible Assets	Accounts Payable	Common Stock Total Equity	Other Current Assets	Net Invested Capital	Capital Stock
Total Assets		0.75	0.75	0.93	1.0	0.41	-0.79	0.85	0.34	0.85	0.96	1.0	0.94	0.64	0.88	0.9	0.98	0.99	1.0	0.96	-0.97	0.92	0.95	0.96	0.96	0.94
Short Long Term Debt Total	0.75		0.32	0.66	0.73	0.86	-0.67	0.55	0.73	0.56	0.7	0.73	0.73	0.96	0.6	0.69	0.78	0.71	0.77	0.74	-0.81	0.72	0.88	0.61	0.78	0.74
Other Current Liab	0.75	0.32		0.74	0.72	-0.11	-0.5	0.87	0.13	0.86	0.68	0.75	0.64	0.28	0.67	0.61	0.78	0.79	0.73	0.66	-0.78	0.61	0.62	0.75	0.68	0.65
Total Current Liabilities	0.93	0.66	0.74		0.91	0.39	-0.88	0.72	0.12	0.71	0.98	0.92	0.99	0.49	0.92	0.92	0.96	0.96	0.93	0.98	-0.88	0.98	0.92	0.97	0.97	0.98
Total Stockholder Equity	1.0	0.73	0.72	0.91		0.39	-0.77	0.85	0.33	0.84	0.96	1.0	0.93	0.63	0.86	0.89	0.96	0.99	0.99	0.95	-0.95	0.9	0.93	0.95	0.94	0.92
Net Debt	0.41	0.86	-0.11	0.39	0.39		-0.47	0.08	0.62	0.09	0.44	0.39	0.49	0.8	0.31	0.4	0.46	0.36	0.45	0.47	-0.48	0.51	0.63	0.27	0.5	0.48
Retained Earnings	-0.79	-0.67	-0.5	-0.88	-0.77	-0.47		-0.56	-0.02	-0.56	-0.85	-0.77	-0.9	-0.51	-0.96	-0.89	-0.82	-0.81	-0.8	-0.89	0.73	-0.92	-0.82	-0.87	-0.89	-0.91
Cash	0.85	0.55	0.87	0.72	0.85	0.08	-0.56		0.41	1.0	0.71	0.86	0.69	0.57	0.71	0.75	0.84	0.86	0.84	0.74	-0.86	0.64	0.76	0.8	0.77	0.72
Long Term Debt	0.34	0.73	0.13	0.12	0.33	0.62	-0.02	0.41		0.42	0.17	0.34	0.18	0.86	0.0	0.19	0.36	0.27	0.36	0.22	-0.49	0.14	0.47	0.09	0.28	0.19
Cash And Short Term Investments	0.85	0.56	0.86	0.71	0.84	0.09	-0.56	1.0	0.42		0.7	0.86	0.68	0.58	0.71	0.75	0.83	0.85	0.84	0.74	-0.86	0.63	0.76	0.79	0.77	0.71
Net Receivables	0.96	0.7	0.68	0.98	0.96	0.44	-0.85	0.71	0.17	0.7		0.96	0.99	0.53	0.9	0.89	0.96	0.97	0.97	0.98	-0.9	0.98	0.93	0.97	0.97	0.97
Good Will	1.0	0.73	0.75	0.92	1.0	0.39	-0.77	0.86	0.34	0.86	0.96		0.93	0.63	0.86	0.88	0.97	0.99	1.0	0.95	-0.96	0.9	0.93	0.95	0.95	0.92
Common Stock Shares Outstanding	0.94	0.73	0.64	0.99	0.93	0.49	-0.9	0.69	0.18	0.68	0.99	0.93		0.56	0.92	0.94	0.96	0.96	0.95	0.99	-0.88	1.0	0.95	0.96	0.99	1.0
Long Term Debt Total	0.64	0.96	0.28	0.49	0.63	0.8	-0.51	0.57	0.86	0.58	0.53	0.63	0.56		0.46	0.56	0.67	0.59	0.67	0.59	-0.74	0.54	0.77	0.46	0.64	0.57
Capital Surpluse	0.88	0.6	0.67	0.92	0.86	0.31	-0.96	0.71	0.0	0.71	0.9	0.86	0.92	0.46		0.92	0.88	0.9	0.88	0.93	-0.8	0.93	0.84	0.95	0.92	0.93
Other Stockholder Equity	0.9	0.69	0.61	0.92	0.89	0.4	-0.89	0.75	0.19	0.75	0.89	0.88	0.94	0.56	0.92		0.9	0.92	0.9	0.96	-0.81	0.92	0.91	0.95	0.96	0.97
Total Liab	0.98	0.78	0.78	0.96	0.96	0.46	-0.82	0.84	0.36	0.83	0.96	0.97	0.96	0.67	0.88	0.9		0.99	0.98	0.97	-0.98	0.94	0.97	0.95	0.98	0.96
Total Current Assets	0.99	0.71	0.79	0.96	0.99	0.36	-0.81	0.86	0.27	0.85	0.97	0.99	0.96	0.59	0.9	0.92	0.99		0.99	0.97	-0.95	0.93	0.94	0.98	0.97	0.96
Intangible Assets	1.0	0.77	0.73	0.93	0.99	0.45	-0.8	0.84	0.36	0.84	0.97	1.0	0.95	0.67	0.88	0.9	0.98	0.99		0.97	-0.97	0.93	0.96	0.95	0.97	0.95
Common Stock	0.96	0.74	0.66	0.98	0.95	0.47	-0.89	0.74	0.22	0.74	0.98	0.95	0.99	0.59	0.93	0.96	0.97	0.97	0.97		-0.9	0.98	0.96	0.98	1.0	1.0
Net Tangible Assets	-0.97	-0.81	-0.78	-0.88	-0.95	-0.48	0.73	-0.86	-0.49	-0.86	-0.9	-0.96	-0.88	-0.74	-0.8	-0.81	-0.98	-0.95	-0.97	-0.9		-0.86	-0.94	-0.87	-0.92	-0.88
Accounts Payable	0.92	0.72	0.61	0.98	0.9	0.51	-0.92	0.64	0.14	0.63	0.98	0.9	1.0	0.54	0.93	0.92	0.94	0.93	0.93	0.98	-0.86		0.93	0.95	0.97	0.99
Common Stock Total Equity	0.95	0.88	0.62	0.92	0.93	0.63	-0.82	0.76	0.47	0.76	0.93	0.93	0.95	0.77	0.84	0.91	0.97	0.94	0.96	0.96	-0.94	0.93		0.89	0.98	0.95
Other Current Assets	0.96	0.61	0.75	0.97	0.95	0.27	-0.87	0.8	0.09	0.79	0.97	0.95	0.96	0.46	0.95	0.95	0.95	0.98	0.95	0.98	-0.87	0.95	0.89		0.96	0.97
Net Invested Capital	0.96	0.78	0.68	0.97	0.94	0.5	-0.89	0.77	0.28	0.77	0.97	0.95	0.99	0.64	0.92	0.96	0.98	0.97	0.97	1.0	-0.92	0.97	0.98	0.96		0.99
Capital Stock	0.94	0.74	0.65	0.98	0.92	0.48	-0.91	0.72	0.19	0.71	0.97	0.92	1.0	0.57	0.93	0.97	0.96	0.96	0.95	1.0	-0.88	0.99	0.95	0.97	0.99

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Enthusiast Gaming Account Relationship Matchups

Enthusiast Gaming fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	169.3M	222.3M	387.8M	341.4M	242.4M	214.5M
Short Long Term Debt Total	27.4M	38.9M	12.8M	19.9M	23.7M	20.5M
Other Current Liab	2.7M	4.4M	36.5M	2.5M	12.2M	9.1M
Total Current Liabilities	10.5M	35.2M	68.4M	59.0M	76.2M	39.2M
Total Stockholder Equity	118.7M	141.9M	262.8M	254.7M	142.7M	144.9M
Net Debt	14.2M	34.6M	(9.8M)	12.5M	16.9M	10.5M
Retained Earnings	(78.9M)	(98.3M)	(150.3M)	(227.2M)	(344.8M)	(327.6M)
Cash	13.2M	4.3M	22.7M	7.4M	6.9M	8.8M
Long Term Debt	26.7M	27.2M	7.8M	144.8K	166.6K	158.2K
Cash And Short Term Investments	14.0M	4.4M	22.8M	7.5M	6.9M	9.0M
Net Receivables	6.9M	22.9M	34.3M	38.3M	31.5M	21.5M
Good Will	83.3M	106.2M	195.1M	171.6M	105.9M	104.2M
Common Stock Shares Outstanding	37.9M	83.4M	121.0M	143.5M	153.2M	84.8M
Long Term Debt Total	7.4M	27.3M	29.5M	10.0M	11.5M	16.3M
Liabilities And Stockholders Equity	169.3M	222.3M	387.8M	341.4M	242.4M	214.5M
Capital Surpluse	777.0K	9.4M	7.5M	25.5M	29.3M	30.8M
Other Stockholder Equity	21.0M	7.5M	25.5M	30.4M	35.9M	18.9M
Total Liab	50.7M	80.5M	125.0M	86.8M	99.7M	69.6M
Total Current Assets	21.5M	27.9M	59.3M	47.8M	40.2M	31.2M
Short Term Debt	193.4K	9.4M	2.8M	18.3M	22.6M	23.8M
Intangible Assets	60.0M	81.1M	129.1M	117.0M	85.4M	74.6M
Common Stock	176.5M	232.6M	387.1M	442.8M	444.5M	264.8M
Property Plant Equipment	1.0M	3.2M	3.1M	2.3M	2.6M	1.8M
Net Tangible Assets	(24.6M)	(45.4M)	(61.5M)	(33.9M)	(30.5M)	(32.1M)
Accounts Payable	5.9M	19.8M	25.2M	32.8M	35.2M	21.9M
Non Current Assets Total	147.8M	194.4M	328.5M	293.6M	202.2M	213.9M
Non Currrent Assets Other	104.6K	263.2K	(4.8M)	(3.0M)	182.1K	191.2K
Non Current Liabilities Total	40.2M	45.2M	56.6M	27.7M	23.5M	35.4M
Other Current Assets	612.4K	576.8K	2.1M	2.0M	1.8M	1.3M
Net Invested Capital	145.4M	177.9M	272.6M	272.2M	313.1M	191.2M
Accumulated Other Comprehensive Income	90.1K	45.4K	527.2K	8.6M	7.2M	7.6M
Capital Stock	176.5M	232.6M	387.1M	442.8M	509.2M	272.9M
Net Working Capital	11.1M	(7.3M)	(9.2M)	(11.2M)	(10.1M)	(9.6M)

Pair Trading with Enthusiast Gaming

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

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

The correlation of Enthusiast Gaming 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 Enthusiast Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enthusiast Gaming 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 Enthusiast Gaming 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 Enthusiast Stock

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

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Enthusiast Payables Turnover vs Free Cash Flow Yield Analysis

Payables Turnover vs Free Cash Flow Yield

Payables Turnover vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Payables Turnover

Free Cash Flow Yield

Enthusiast Gaming fundamental ratios Correlations

Enthusiast Gaming Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enthusiast Gaming fundamental ratios Accounts

Pair Trading with Enthusiast Gaming

Other Information on Investing in Enthusiast Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Assets
Good Will	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Intangible Assets	+ 1.0	Good Will

Net Tangible Assets	- 0.98	Total Liab
Net Tangible Assets	- 0.97	Intangible Assets
Net Tangible Assets	- 0.97	Total Assets
Net Tangible Assets	- 0.96	Good Will
Capital Surpluse	- 0.96	Retained Earnings
Net Tangible Assets	- 0.95	Total Current Assets