Enghouse Average Inventory vs Payout Ratio Analysis
| ENGH Stock | CAD 29.10 0.17 0.58% |
Enghouse Systems financial indicator trend analysis is much more than just examining Enghouse Systems latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enghouse Systems is a good investment. Please check the relationship between Enghouse Systems Average Inventory and its Payout Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enghouse Systems. 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.
Average Inventory vs Payout Ratio
Average Inventory vs Payout Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enghouse Systems Average Inventory account and Payout Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Enghouse Systems' Average Inventory and Payout Ratio is -0.2. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Enghouse Systems, assuming nothing else is changed. The correlation between historical values of Enghouse Systems' Average Inventory and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Inventory of Enghouse Systems are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Average Inventory i.e., Enghouse Systems' Average Inventory and Payout Ratio go up and down completely randomly.
Correlation Coefficient | -0.2 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.Payout Ratio
Payout Ratio is the proportion of Enghouse Systems earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Enghouse Systems dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Enghouse Systems is paying out more in dividends than it makes in net income.Most indicators from Enghouse Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enghouse Systems 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 Enghouse Systems. 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, Enghouse Systems' Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value is likely to grow to about 1.5 B, while Tax Provision is likely to drop about 13.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 735K | 695K | 625.5K | 1.1M | Depreciation And Amortization | 46.7M | 48.8M | 56.1M | 59.0M |
Enghouse Systems fundamental ratios Correlations
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Enghouse Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Enghouse Systems fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 763.6M | 674.6M | 705.0M | 783.7M | 901.2M | 946.3M | |
| Short Long Term Debt Total | 42.2M | 25.6M | 19.9M | 12.4M | 14.3M | 11.8M | |
| Other Current Liab | 26.4M | 14.5M | 13.4M | 14.4M | 16.6M | 17.4M | |
| Total Current Liabilities | 206.6M | 174.5M | 163.9M | 197.5M | 227.1M | 238.5M | |
| Total Stockholder Equity | 496.3M | 454.3M | 508.2M | 555.3M | 638.6M | 670.6M | |
| Property Plant And Equipment Net | 49.1M | 32.2M | 24.2M | 15.5M | 17.8M | 18.7M | |
| Current Deferred Revenue | 89.9M | 80.6M | 83.1M | 109.0M | 125.4M | 131.6M | |
| Net Debt | (202.6M) | (170.3M) | (205.2M) | (227.1M) | (204.4M) | (194.2M) | |
| Retained Earnings | 379.4M | 355.0M | 401.2M | 426.4M | 490.4M | 514.9M | |
| Accounts Payable | 80.3M | 71.5M | 60.5M | 67.8M | 77.9M | 81.8M | |
| Cash | 244.8M | 195.9M | 225.1M | 239.5M | 275.5M | 289.2M | |
| Non Current Assets Total | 406.3M | 371.0M | 370.5M | 434.3M | 499.4M | 524.4M | |
| Other Assets | 12.7M | 16.1M | 13.9M | 30.3M | 34.9M | 36.6M | |
| Cash And Short Term Investments | 251.8M | 198.8M | 228.1M | 240.4M | 276.4M | 290.2M | |
| Net Receivables | 90.8M | 91.5M | 93.6M | 93.5M | 107.5M | 112.9M | |
| Common Stock Shares Outstanding | 55.6M | 55.9M | 55.6M | 55.3M | 63.6M | 53.3M | |
| Liabilities And Stockholders Equity | 763.6M | 674.6M | 705.0M | 783.7M | 901.2M | 946.3M | |
| Non Current Liabilities Total | 60.7M | 45.8M | 33.0M | 30.8M | 35.5M | 20.1M | |
| Other Current Assets | 14.8M | 13.3M | 12.8M | 15.5M | 17.8M | 18.7M | |
| Other Stockholder Equity | 6.6M | 7.4M | 8.9M | 10.4M | 9.4M | 8.9M | |
| Total Liab | 267.3M | 220.3M | 196.8M | 228.3M | 262.6M | 275.7M | |
| Property Plant And Equipment Gross | 49.1M | 71.2M | 70.6M | 69.3M | 79.7M | 83.7M | |
| Total Current Assets | 357.4M | 303.7M | 334.5M | 349.4M | 401.8M | 421.9M | |
| Accumulated Other Comprehensive Income | 11.0M | (14.6M) | (9.0M) | 10.8M | 12.5M | 13.1M | |
| Short Term Debt | 9.9M | 7.9M | 6.8M | 6.3M | 5.7M | 5.4M | |
| Non Currrent Assets Other | (390.2M) | (357.0M) | (340.2M) | 28.9M | 26.0M | 27.3M | |
| Short Term Investments | 7.0M | 2.9M | 3.0M | 827K | 744.3K | 707.1K | |
| Intangible Assets | 123.6M | 101.8M | 85.9M | 109.7M | 126.1M | 132.4M | |
| Good Will | 217.4M | 223.0M | 230.0M | 280.2M | 322.3M | 338.4M | |
| Common Stock | 99.4M | 106.5M | 107.0M | 107.7M | 123.9M | 88.0M | |
| Other Liab | 26.7M | 28.5M | 28.1M | 19.9M | 22.9M | 27.8M | |
| Net Tangible Assets | 76.9M | 155.3M | 129.5M | 192.3M | 221.1M | 232.2M | |
| Property Plant Equipment | 6.3M | 49.1M | 32.2M | 24.2M | 27.9M | 16.8M | |
| Capital Surpluse | 6.7M | 6.6M | 7.4M | 8.9M | 10.2M | 6.5M | |
| Long Term Debt Total | 874K | 32.2M | 17.7M | 13.1M | 15.0M | 11.3M | |
| Cash And Equivalents | 144.8M | 244.8M | 195.9M | 225.1M | 258.9M | 188.1M |
Pair Trading with Enghouse 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 Enghouse 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 Enghouse Systems will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Enghouse 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 Enghouse 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 Enghouse 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 Enghouse Systems to buy it.
The correlation of Enghouse 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 Enghouse Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enghouse 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 Enghouse 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.Other Information on Investing in Enghouse Stock
Balance Sheet is a snapshot of the financial position of Enghouse Systems at a specified time, usually calculated after every quarter, six months, or one year. Enghouse Systems Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Enghouse Systems 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 Enghouse currently owns. An asset can also be divided into two categories, current and non-current.