Finning Good Will vs Current Deferred Revenue Analysis

FTT Stock

CAD 38.22 0.30 0.79%

Finning International financial indicator trend analysis is much more than just examining Finning International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Finning International is a good investment. Please check the relationship between Finning International Good Will and its Current Deferred Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Finning International. 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.

Good Will vs Current Deferred Revenue

Good Will vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Finning International Good Will account and Current Deferred Revenue. At this time, the significance of the direction appears to have no relationship.

The correlation between Finning International's Good Will and Current Deferred Revenue is 0.0. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Finning International, assuming nothing else is changed. The correlation between historical values of Finning International's Good Will and Current Deferred 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 Good Will of Finning International are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Good Will i.e., Finning International's Good Will and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.0

Relationship Direction	Flat
Relationship Strength	Insignificant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Finning International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Finning International 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 Finning International. 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, Finning International's Tax Provision is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value Over EBITDA is likely to grow to 6.81, while Selling General Administrative is likely to drop about 1.1 B.

	2021	2022	2023	2024 (projected)
Gross Profit	1.8B	2.2B	2.6B	1.6B
Total Revenue	7.3B	9.3B	10.5B	5.6B

Gross Profit Total Revenue

Finning International 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	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Cash	Cash And Short Term Investments	Current Deferred Revenue	Good Will	Intangible Assets
Total Assets		0.94	0.62	0.65	0.95	0.94	0.79	0.96	0.86	0.95	0.19	0.98	-0.33	0.69	0.94	-0.45	-0.07	0.98	0.64	0.98	0.41	0.26	0.32	0.85	0.06	0.77
Short Long Term Debt Total	0.94		0.63	0.72	0.83	0.93	0.93	0.87	0.75	0.92	0.16	0.89	-0.47	0.53	0.92	-0.28	-0.04	0.96	0.71	0.9	0.58	0.06	0.12	0.79	0.26	0.7
Other Current Liab	0.62	0.63		0.83	0.48	0.59	0.66	0.58	0.55	0.66	0.44	0.61	-0.17	0.02	0.56	0.03	0.25	0.67	0.79	0.57	0.74	-0.15	-0.09	0.8	0.27	0.54
Total Current Liabilities	0.65	0.72	0.83		0.46	0.66	0.78	0.57	0.65	0.67	0.26	0.62	-0.16	0.08	0.66	-0.02	0.16	0.71	0.91	0.6	0.92	-0.2	-0.15	0.78	0.34	0.49
Total Stockholder Equity	0.95	0.83	0.48	0.46		0.91	0.58	0.97	0.75	0.91	0.15	0.91	-0.24	0.82	0.81	-0.57	-0.15	0.88	0.55	0.92	0.21	0.52	0.57	0.73	-0.04	0.73
Property Plant And Equipment Net	0.94	0.93	0.59	0.66	0.91		0.78	0.94	0.7	0.98	0.1	0.88	-0.31	0.68	0.82	-0.52	-0.25	0.91	0.73	0.86	0.49	0.27	0.32	0.78	0.17	0.84
Net Debt	0.79	0.93	0.66	0.78	0.58	0.78		0.67	0.66	0.78	0.14	0.75	-0.5	0.25	0.86	-0.04	0.06	0.86	0.7	0.75	0.72	-0.32	-0.26	0.72	0.39	0.61
Retained Earnings	0.96	0.87	0.58	0.57	0.97	0.94	0.67		0.75	0.95	0.15	0.93	-0.31	0.72	0.83	-0.5	-0.17	0.9	0.66	0.91	0.35	0.39	0.43	0.76	0.09	0.82
Accounts Payable	0.86	0.75	0.55	0.65	0.75	0.7	0.66	0.75		0.73	0.2	0.91	-0.1	0.58	0.89	-0.35	0.07	0.88	0.49	0.9	0.33	0.09	0.14	0.81	-0.15	0.57
Non Current Assets Total	0.95	0.92	0.66	0.67	0.91	0.98	0.78	0.95	0.73		0.23	0.9	-0.31	0.65	0.82	-0.44	-0.19	0.93	0.7	0.87	0.47	0.24	0.29	0.83	0.13	0.86
Non Currrent Assets Other	0.19	0.16	0.44	0.26	0.15	0.1	0.14	0.15	0.2	0.23		0.11	0.0	-0.09	0.08	0.51	0.61	0.19	0.2	0.14	0.19	0.02	0.01	0.35	-0.13	-0.07
Net Receivables	0.98	0.89	0.61	0.62	0.91	0.88	0.75	0.93	0.91	0.9	0.11		-0.29	0.68	0.93	-0.48	-0.1	0.97	0.58	0.98	0.35	0.23	0.28	0.82	0.01	0.77
Common Stock Shares Outstanding	-0.33	-0.47	-0.17	-0.16	-0.24	-0.31	-0.5	-0.31	-0.1	-0.31	0.0	-0.29		0.13	-0.36	-0.18	-0.03	-0.37	-0.26	-0.33	-0.29	0.15	0.11	-0.15	-0.78	-0.22
Non Current Liabilities Total	0.69	0.53	0.02	0.08	0.82	0.68	0.25	0.72	0.58	0.65	-0.09	0.68	0.13		0.57	-0.76	-0.38	0.59	0.14	0.68	-0.21	0.64	0.65	0.4	-0.45	0.56
Inventory	0.94	0.92	0.56	0.66	0.81	0.82	0.86	0.83	0.89	0.82	0.08	0.93	-0.36	0.57		-0.34	0.04	0.97	0.57	0.96	0.44	0.02	0.08	0.83	0.07	0.64
Other Current Assets	-0.45	-0.28	0.03	-0.02	-0.57	-0.52	-0.04	-0.5	-0.35	-0.44	0.51	-0.48	-0.18	-0.76	-0.34		0.69	-0.36	-0.1	-0.43	0.2	-0.59	-0.6	-0.3	0.29	-0.59
Other Stockholder Equity	-0.07	-0.04	0.25	0.16	-0.15	-0.25	0.06	-0.17	0.07	-0.19	0.61	-0.1	-0.03	-0.38	0.04	0.69		-0.02	0.07	0.01	0.17	-0.25	-0.23	0.1	0.02	-0.52
Total Liab	0.98	0.96	0.67	0.71	0.88	0.91	0.86	0.9	0.88	0.93	0.19	0.97	-0.37	0.59	0.97	-0.36	-0.02		0.65	0.97	0.48	0.11	0.16	0.88	0.11	0.75
Property Plant And Equipment Gross	0.64	0.71	0.79	0.91	0.55	0.73	0.7	0.66	0.49	0.7	0.2	0.58	-0.26	0.14	0.57	-0.1	0.07	0.65		0.57	0.88	0.01	0.07	0.65	0.48	0.51
Total Current Assets	0.98	0.9	0.57	0.6	0.92	0.86	0.75	0.91	0.9	0.87	0.14	0.98	-0.33	0.68	0.96	-0.43	0.01	0.97	0.57		0.34	0.26	0.32	0.82	0.01	0.67
Short Term Debt	0.41	0.58	0.74	0.92	0.21	0.49	0.72	0.35	0.33	0.47	0.19	0.35	-0.29	-0.21	0.44	0.2	0.17	0.48	0.88	0.34		-0.37	-0.31	0.54	0.59	0.32
Cash	0.26	0.06	-0.15	-0.2	0.52	0.27	-0.32	0.39	0.09	0.24	0.02	0.23	0.15	0.64	0.02	-0.59	-0.25	0.11	0.01	0.26	-0.37		0.99	0.05	-0.32	0.13
Cash And Short Term Investments	0.32	0.12	-0.09	-0.15	0.57	0.32	-0.26	0.43	0.14	0.29	0.01	0.28	0.11	0.65	0.08	-0.6	-0.23	0.16	0.07	0.32	-0.31	0.99		0.1	-0.26	0.15
Current Deferred Revenue	0.85	0.79	0.8	0.78	0.73	0.78	0.72	0.76	0.81	0.83	0.35	0.82	-0.15	0.4	0.83	-0.3	0.1	0.88	0.65	0.82	0.54	0.05	0.1		0.0	0.69
Good Will	0.06	0.26	0.27	0.34	-0.04	0.17	0.39	0.09	-0.15	0.13	-0.13	0.01	-0.78	-0.45	0.07	0.29	0.02	0.11	0.48	0.01	0.59	-0.32	-0.26	0.0		0.11
Intangible Assets	0.77	0.7	0.54	0.49	0.73	0.84	0.61	0.82	0.57	0.86	-0.07	0.77	-0.22	0.56	0.64	-0.59	-0.52	0.75	0.51	0.67	0.32	0.13	0.15	0.69	0.11

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Finning International Account Relationship Matchups

Finning International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.0B	5.5B	6.0B	7.3B	7.6B	4.5B
Short Long Term Debt Total	2.0B	1.7B	1.8B	2.3B	2.7B	1.5B
Total Current Liabilities	2.0B	1.6B	2.2B	3.4B	3.5B	3.7B
Total Stockholder Equity	2.1B	2.2B	2.3B	2.4B	2.5B	1.6B
Property Plant And Equipment Net	1.4B	1.3B	1.3B	1.4B	1.6B	1.1B
Net Debt	1.7B	1.2B	1.3B	2.0B	2.5B	1.3B
Retained Earnings	1.3B	1.4B	1.6B	1.6B	1.8B	1.1B
Accounts Payable	1.2B	761M	908M	1.4B	1.3B	960.6M
Non Current Assets Total	2.3B	2.2B	2.4B	2.5B	2.6B	1.8B
Non Currrent Assets Other	127M	179M	239M	139M	150M	146.3M
Net Receivables	1.3B	1.1B	1.3B	1.8B	1.7B	960.3M
Common Stock Shares Outstanding	163.5M	162.3M	161.6M	155.1M	147.7M	181.7M
Liabilities And Stockholders Equity	6.0B	5.5B	6.0B	7.3B	7.6B	4.5B
Non Current Liabilities Total	1.8B	1.6B	1.5B	1.4B	1.5B	1.2B
Inventory	2.0B	1.5B	1.7B	2.5B	2.8B	1.5B
Other Current Assets	10M	27M	55M	46M	127M	76.3M
Total Liab	3.9B	3.3B	3.6B	4.8B	5.0B	2.9B
Property Plant And Equipment Gross	1.4B	1.3B	2.6B	2.8B	3.0B	3.2B
Total Current Assets	3.7B	3.2B	3.6B	4.8B	4.9B	2.8B
Accumulated Other Comprehensive Income	228M	218M	212M	273M	220M	231M
Short Term Debt	426M	375M	651M	1.3B	1.5B	1.6B
Cash	268M	539M	502M	288M	152M	288.2M
Cash And Short Term Investments	268M	539M	502M	354M	177M	294.1M
Current Deferred Revenue	360M	374M	428M	544M	507M	383.6M
Good Will	204M	205M	237M	325M	329M	203.6M
Intangible Assets	421M	422M	406M	433M	409M	251.3M
Other Liab	258M	306M	311M	337M	387.6M	301.9M
Net Tangible Assets	1.5B	1.6B	1.7B	1.7B	1.9B	1.8B
Other Assets	172M	230M	265M	296M	340.4M	212.2M
Long Term Debt	1.3B	1.1B	921M	815M	949M	987.6M
Long Term Investments	87M	94M	85M	84M	99M	99.1M
Short Long Term Debt	426M	293M	564M	1.2B	1.4B	1.5B
Property Plant Equipment	1.4B	1.3B	1.3B	1.4B	1.7B	1.3B
Short Term Investments	26M	24M	36M	66M	25M	25.5M
Long Term Debt Total	1.6B	1.3B	1.2B	1.1B	963M	1.1B
Capital Lease Obligations	273M	298M	328M	331M	309M	223.7M

Pair Trading with Finning International

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

Moving against Finning Stock

0.36	RY-PO	Royal Bank	Pair Corr
0.33	RY-PN	Royal Bank	Pair Corr
0.31	JPM	JPMorgan Chase	Pair Corr

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

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

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

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Finning Good Will vs Current Deferred Revenue Analysis

Good Will vs Current Deferred Revenue

Good Will vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Good Will

Current Deferred Revenue

Finning International fundamental ratios Correlations

Finning International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Finning International fundamental ratios Accounts

Pair Trading with Finning International

Moving against Finning Stock

Other Information on Investing in Finning Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 0.99	Cash
Net Receivables	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net
Total Current Assets	+ 0.98	Net Receivables

Good Will	- 0.78	Common Stock Shares Outstanding
Other Current Assets	- 0.76	Non Current Liabilities Total
Cash And Short Term Investments	- 0.6	Other Current Assets
Intangible Assets	- 0.59	Other Current Assets
Cash	- 0.59	Other Current Assets
Other Current Assets	- 0.57	Total Stockholder Equity