Goodfellow Historical Cash Flow
| GDL Stock | CAD 13.76 0.01 0.07% |
Analysis of Goodfellow cash flow over time is an excellent tool to project Goodfellow future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Change In Working Capital of 29.2 M or Begin Period Cash Flow of 4.1 M as it is a great indicator of Goodfellow ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Goodfellow latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Goodfellow is a good buy for the upcoming year.
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About Goodfellow Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Goodfellow balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Goodfellow's non-liquid assets can be easily converted into cash.
Goodfellow Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Depreciation
Depreciation indicates how much of Goodfellow value has been used up. For tax purposes Goodfellow can deduct the cost of the tangible assets it purchases as business expenses. However, Goodfellow must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Capital Expenditures
Capital Expenditures are funds used by Goodfellow to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Goodfellow operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from Goodfellow's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Goodfellow current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodfellow. 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, Goodfellow's Capital Expenditures is very stable compared to the past year. As of the 23rd of November 2024, Net Income is likely to grow to about 9.7 M, while Change In Cash is likely to drop about 538.2 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Capital Expenditures | 4.9M | 3.8M | 4.7M | 4.9M | Dividends Paid | 7.7M | 8.5M | 3.4M | 3.7M |
Goodfellow cash flow statement Correlations
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Goodfellow Account Relationship Matchups
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Goodfellow cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 417K | (2.3M) | (1.9M) | 6.4M | 25.0M | 538.2K | |
| Free Cash Flow | 10.0M | 31.9M | 21.1M | 39.1M | 45.0M | 47.3M | |
| Change In Working Capital | (14.1M) | (15.5M) | (3.7M) | 24.2M | 27.8M | 29.2M | |
| Begin Period Cash Flow | 1.2M | (1.1M) | (3.0M) | 3.4M | 3.9M | 4.1M | |
| Other Cashflows From Financing Activities | 137M | (22M) | (7.0M) | (3.7M) | (13.6K) | (12.9K) | |
| Depreciation | 7.8M | 7.3M | 7.7M | 8.6M | 2.9M | 3.6M | |
| Other Non Cash Items | 1.7M | 1.4M | (22.7M) | 1.5M | 1.3M | 1.4M | |
| Dividends Paid | 1.7M | 7.3M | 7.7M | 8.5M | 3.4M | 3.7M | |
| Capital Expenditures | 1.5M | 1.4M | 4.9M | 3.8M | 4.7M | 4.9M | |
| Total Cash From Operating Activities | 11.4M | 33.3M | 26.0M | 43.0M | (18.7M) | (17.8M) | |
| Net Income | 13.8M | 37.8M | 32.7M | 14.7M | 6.6M | 9.7M | |
| Total Cash From Financing Activities | (12.3M) | (33.8M) | (14.7M) | (14.3M) | 24.4M | 25.6M | |
| End Period Cash Flow | (1.1M) | (3.0M) | 3.4M | 28.4M | 32.6M | 34.3M | |
| Change To Inventory | 2.6M | (25.0M) | (2.5M) | 13.8M | (23.8M) | (22.6M) | |
| Change To Account Receivables | (27.6M) | 12.8M | (1.2M) | 10.7M | (3.7M) | (3.5M) | |
| Net Borrowings | (10.6M) | (26.6M) | (7.0M) | 27.8M | 25.0M | 26.3M | |
| Total Cashflows From Investing Activities | (1.4M) | (1.3M) | (4.9M) | (4.7M) | (5.4M) | (5.7M) | |
| Change To Operating Activities | (126K) | (1.5M) | 1.6M | (287K) | (330.1K) | (313.5K) | |
| Change To Netincome | 3.9M | 3.6M | (10.7M) | (711K) | (639.9K) | (671.9K) | |
| Change To Liabilities | 11.0M | (1.8M) | (1.6M) | 333K | 383.0K | 746.2K | |
| Investments | (1.4M) | (1.3M) | (4.9M) | (3.7M) | (3.3M) | (3.1M) | |
| Other Cashflows From Investing Activities | 18K | 49K | 29K | 28K | 25.2K | 23.9K |
Pair Trading with Goodfellow
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 Goodfellow 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 Goodfellow will appreciate offsetting losses from the drop in the long position's value.Moving against Goodfellow Stock
The ability to find closely correlated positions to Goodfellow could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goodfellow 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 Goodfellow - 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 Goodfellow to buy it.
The correlation of Goodfellow 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 Goodfellow moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goodfellow 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 Goodfellow 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 Goodfellow Stock
The Cash Flow Statement is a financial statement that shows how changes in Goodfellow balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Goodfellow's non-liquid assets can be easily converted into cash.