FirstService Total Current Assets vs Asset Turnover Analysis

FSV Stock

USD 191.99 3.55 1.88%

FirstService Corp financial indicator trend analysis is much more than just examining FirstService Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FirstService Corp is a good investment. Please check the relationship between FirstService Corp Total Current Assets and its Asset Turnover accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FirstService Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy FirstService Stock please use our How to Invest in FirstService Corp guide.

Total Current Assets vs Asset Turnover

Total Current Assets vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FirstService Corp Total Current Assets account and Asset Turnover. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between FirstService Corp's Total Current Assets and Asset Turnover is -0.64. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of FirstService Corp, assuming nothing else is changed. The correlation between historical values of FirstService Corp's Total Current Assets and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of FirstService Corp are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Total Current Assets i.e., FirstService Corp's Total Current Assets and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.64

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Most indicators from FirstService Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FirstService Corp 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 FirstService Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy FirstService Stock please use our How to Invest in FirstService Corp guide.Selling General Administrative is likely to drop to about 560.6 M in 2024. Tax Provision is likely to drop to about 39.1 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	16.0M	25.2M	47.4M	49.7M
Depreciation And Amortization	3.0B	3.4B	127.9M	121.5M

Interest Expense Depreciation And Amortization

FirstService Corp fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Common Stock Shares Outstanding		0.71	0.68	0.47	0.45	0.81	0.79	0.8	0.68	0.1	0.31	0.6	0.7	0.09	0.6	0.65	0.72	0.86	0.72	0.83	0.56	0.3	0.67	0.63	0.72	0.12
Total Assets	0.71		0.98	0.88	0.75	0.98	0.98	0.97	0.97	-0.02	0.18	0.77	1.0	0.23	0.77	0.99	1.0	0.94	0.96	0.95	0.47	0.3	0.99	0.95	1.0	0.4
Short Long Term Debt Total	0.68	0.98		0.8	0.65	0.95	0.98	0.97	1.0	-0.02	0.16	0.7	0.99	0.22	0.7	0.96	0.99	0.93	0.98	0.94	0.54	0.42	0.99	0.96	0.97	0.34
Other Current Liab	0.47	0.88	0.8		0.89	0.82	0.8	0.76	0.76	-0.22	-0.07	0.85	0.87	0.37	0.85	0.9	0.86	0.77	0.72	0.74	0.12	0.12	0.86	0.76	0.89	0.56
Total Current Liabilities	0.45	0.75	0.65	0.89		0.7	0.68	0.62	0.62	-0.28	0.05	0.89	0.74	0.28	0.89	0.76	0.72	0.66	0.56	0.62	0.22	0.09	0.73	0.57	0.76	0.74
Total Stockholder Equity	0.81	0.98	0.95	0.82	0.7		0.98	0.99	0.94	0.06	0.21	0.73	0.97	0.21	0.73	0.95	0.98	0.96	0.93	0.99	0.48	0.25	0.95	0.91	0.98	0.38
Property Plant And Equipment Net	0.79	0.98	0.98	0.8	0.68	0.98		0.98	0.97	-0.02	0.19	0.73	0.98	0.22	0.73	0.95	0.98	0.97	0.96	0.98	0.58	0.39	0.97	0.92	0.97	0.35
Current Deferred Revenue	0.8	0.97	0.97	0.76	0.62	0.99	0.98		0.97	0.13	0.27	0.67	0.97	0.18	0.67	0.95	0.98	0.95	0.97	0.98	0.52	0.28	0.96	0.95	0.97	0.29
Net Debt	0.68	0.97	1.0	0.76	0.62	0.94	0.97	0.97		0.03	0.18	0.65	0.98	0.2	0.65	0.95	0.98	0.92	0.99	0.94	0.56	0.43	0.98	0.97	0.95	0.31
Retained Earnings	0.1	-0.02	-0.02	-0.22	-0.28	0.06	-0.02	0.13	0.03		0.64	-0.46	-0.03	-0.14	-0.46	0.02	0.0	-0.11	0.07	0.13	-0.11	-0.47	-0.01	0.17	0.0	-0.28
Accounts Payable	0.31	0.18	0.16	-0.07	0.05	0.21	0.19	0.27	0.18	0.64		-0.07	0.17	-0.49	-0.07	0.19	0.18	0.13	0.28	0.28	0.41	-0.37	0.22	0.23	0.19	-0.17
Cash	0.6	0.77	0.7	0.85	0.89	0.73	0.73	0.67	0.65	-0.46	-0.07		0.76	0.28	1.0	0.74	0.75	0.78	0.63	0.65	0.32	0.28	0.74	0.59	0.77	0.53
Non Current Assets Total	0.7	1.0	0.99	0.87	0.74	0.97	0.98	0.97	0.98	-0.03	0.17	0.76		0.23	0.76	0.99	1.0	0.94	0.96	0.95	0.48	0.32	1.0	0.95	0.99	0.41
Non Currrent Assets Other	0.09	0.23	0.22	0.37	0.28	0.21	0.22	0.18	0.2	-0.14	-0.49	0.28	0.23		0.28	0.21	0.22	0.25	0.12	0.16	-0.24	0.27	0.19	0.19	0.21	0.26
Cash And Short Term Investments	0.6	0.77	0.7	0.85	0.89	0.73	0.73	0.67	0.65	-0.46	-0.07	1.0	0.76	0.28		0.74	0.75	0.78	0.63	0.65	0.32	0.28	0.74	0.59	0.77	0.53
Net Receivables	0.65	0.99	0.96	0.9	0.76	0.95	0.95	0.95	0.95	0.02	0.19	0.74	0.99	0.21	0.74		0.99	0.9	0.93	0.92	0.4	0.23	0.99	0.94	0.99	0.4
Good Will	0.72	1.0	0.99	0.86	0.72	0.98	0.98	0.98	0.98	0.0	0.18	0.75	1.0	0.22	0.75	0.99		0.95	0.96	0.96	0.48	0.3	0.99	0.95	0.99	0.39
Common Stock Total Equity	0.86	0.94	0.93	0.77	0.66	0.96	0.97	0.95	0.92	-0.11	0.13	0.78	0.94	0.25	0.78	0.9	0.95		0.92	0.95	0.57	0.42	0.92	0.86	0.93	0.33
Non Current Liabilities Total	0.72	0.96	0.98	0.72	0.56	0.93	0.96	0.97	0.99	0.07	0.28	0.63	0.96	0.12	0.63	0.93	0.96	0.92		0.94	0.6	0.4	0.97	0.96	0.94	0.19
Inventory	0.83	0.95	0.94	0.74	0.62	0.99	0.98	0.98	0.94	0.13	0.28	0.65	0.95	0.16	0.65	0.92	0.96	0.95	0.94		0.54	0.27	0.93	0.9	0.95	0.29
Other Current Assets	0.56	0.47	0.54	0.12	0.22	0.48	0.58	0.52	0.56	-0.11	0.41	0.32	0.48	-0.24	0.32	0.4	0.48	0.57	0.6	0.54		0.6	0.5	0.39	0.44	0.03
Other Stockholder Equity	0.3	0.3	0.42	0.12	0.09	0.25	0.39	0.28	0.43	-0.47	-0.37	0.28	0.32	0.27	0.28	0.23	0.3	0.42	0.4	0.27	0.6		0.31	0.25	0.25	0.02
Total Liab	0.67	0.99	0.99	0.86	0.73	0.95	0.97	0.96	0.98	-0.01	0.22	0.74	1.0	0.19	0.74	0.99	0.99	0.92	0.97	0.93	0.5	0.31		0.95	0.99	0.38
Property Plant And Equipment Gross	0.63	0.95	0.96	0.76	0.57	0.91	0.92	0.95	0.97	0.17	0.23	0.59	0.95	0.19	0.59	0.94	0.95	0.86	0.96	0.9	0.39	0.25	0.95		0.94	0.26
Total Current Assets	0.72	1.0	0.97	0.89	0.76	0.98	0.97	0.97	0.95	0.0	0.19	0.77	0.99	0.21	0.77	0.99	0.99	0.93	0.94	0.95	0.44	0.25	0.99	0.94		0.39
Short Term Debt	0.12	0.4	0.34	0.56	0.74	0.38	0.35	0.29	0.31	-0.28	-0.17	0.53	0.41	0.26	0.53	0.4	0.39	0.33	0.19	0.29	0.03	0.02	0.38	0.26	0.39

Click cells to compare fundamentals

FirstService Corp Account Relationship Matchups

FirstService Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	38.2M	43.2M	44.4M	44.5M	44.8M	40.2M
Total Assets	2.0B	2.2B	2.5B	2.8B	3.6B	3.8B
Short Long Term Debt Total	908.5M	753.7M	823.2M	952.2M	1.4B	1.5B
Other Current Liab	170.3M	345.6M	410.3M	433.4M	537.9M	564.8M
Total Current Liabilities	358.2M	543.8M	618.5M	637.0M	770.8M	452.0M
Total Stockholder Equity	425.9M	660.4M	799.7M	907.5M	1.0B	1.1B
Property Plant And Equipment Net	264.4M	279.8M	297.8M	372.6M	422.5M	443.6M
Current Deferred Revenue	75.6M	92.9M	121.9M	131.9M	177.7M	186.6M
Net Debt	787.3M	569.4M	657.5M	815.9M	1.2B	1.3B
Retained Earnings	(229.9M)	(171.1M)	(67.9M)	17.3M	77.5M	81.4M
Accounts Payable	76.2M	98.5M	100.1M	116.0M	143.3M	112.2M
Cash	121.2M	184.3M	165.7M	136.2M	187.6M	119.1M
Non Current Assets Total	1.3B	1.4B	1.5B	1.7B	2.3B	2.4B
Non Currrent Assets Other	10.4M	15.0M	21.1M	36.9M	34.4M	36.1M
Cash And Short Term Investments	121.2M	184.3M	165.7M	136.2M	187.6M	119.1M
Net Receivables	393.7M	418.9M	551.6M	635.9M	842.2M	884.3M
Good Will	644.8M	703.7M	843.4M	886.1M	1.2B	1.2B
Liabilities And Stockholders Equity	2.0B	2.2B	2.5B	2.8B	3.6B	3.8B
Non Current Liabilities Total	995.3M	799.4M	871.7M	996.6M	1.5B	1.6B
Inventory	94.5M	142.0M	161.4M	242.3M	246.2M	258.5M
Other Current Assets	140.1M	74.2M	86.0M	94.4M	85.0M	71.5M
Other Stockholder Equity	280.7M	59.3M	68.2M	83.0M	90.0M	67.6M
Total Liab	1.4B	1.3B	1.5B	1.6B	2.3B	2.4B
Property Plant And Equipment Gross	264.4M	279.8M	297.8M	372.6M	831.8M	873.3M
Total Current Assets	668.1M	819.3M	964.7M	1.1B	1.4B	1.4B
Accumulated Other Comprehensive Income	(456K)	2.1M	2.0M	(5.9M)	(4.4M)	(4.6M)
Short Term Debt	36.2M	91.8M	105.5M	84.8M	88.0M	58.5M
Intangible Assets	366.2M	378.8M	382.1M	368.5M	628.0M	320.5M
Common Stock	605.4M	770.0M	797.4M	813.0M	855.8M	898.6M
Other Liab	124.4M	137.4M	154.0M	129.3M	148.7M	86.3M
Net Tangible Assets	(585.2M)	(422.1M)	(425.7M)	(347.1M)	(312.4M)	(328.0M)
Other Assets	11.8M	15.0M	21.1M	38.5M	(18.6M)	(17.6M)
Long Term Debt	761.1M	533.1M	595.4M	698.8M	1.1B	1.2B
Short Long Term Debt	5.5M	56.5M	57.4M	35.7M	37.1M	32.5M
Property Plant Equipment	264.4M	279.8M	297.8M	372.6M	428.4M	449.9M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for FirstService Stock Analysis

When running FirstService Corp's price analysis, check to measure FirstService Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FirstService Corp is operating at the current time. Most of FirstService Corp's value examination focuses on studying past and present price action to predict the probability of FirstService Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FirstService Corp's price. Additionally, you may evaluate how the addition of FirstService Corp to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC