Goodfellow Income Quality vs Payout Ratio Analysis

GDL Stock

CAD 13.87 0.09 0.65%

Goodfellow financial indicator trend analysis is much more than just examining Goodfellow latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goodfellow is a good investment. Please check the relationship between Goodfellow Income Quality and its Payout Ratio accounts. 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.

Income Quality vs Payout Ratio

Income Quality vs Payout Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goodfellow Income Quality account and Payout Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Goodfellow's Income Quality and Payout Ratio is -0.01. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Goodfellow, assuming nothing else is changed. The correlation between historical values of Goodfellow's Income Quality 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 Income Quality of Goodfellow 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 Income Quality i.e., Goodfellow's Income Quality and Payout Ratio go up and down completely randomly.

Correlation Coefficient

-0.01

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Payout Ratio

Payout Ratio is the proportion of Goodfellow 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 Goodfellow dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Goodfellow is paying out more in dividends than it makes in net income.

Most indicators from Goodfellow's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goodfellow 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 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 Selling General Administrative is very stable compared to the past year. As of the 27th of November 2024, Enterprise Value is likely to grow to about 126.9 M, while Tax Provision is likely to drop about 4.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	136.1M	112.4M	91.8M	63.2M
Total Revenue	631.2M	512.8M	486.0M	536.0M

Gross Profit Total Revenue

Goodfellow 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	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Cash And Short Term Investments	Short Term Investments	Current Deferred Revenue	Cash	Common Stock	Intangible Assets
Total Assets		-0.04	0.56	0.19	0.87	0.86	-0.15	0.87	0.5	0.84	0.34	0.49	0.07	0.45	0.9	0.74	0.31	0.53	0.99	-0.1	0.18	0.0	0.77	0.4	0.15	0.32
Short Long Term Debt Total	-0.04		0.04	0.77	-0.39	-0.26	0.96	-0.39	-0.18	-0.31	-0.4	0.1	-0.49	-0.59	0.12	0.13	0.67	-0.7	-0.01	0.6	-0.63	0.45	0.08	-0.32	-0.48	0.46
Other Current Liab	0.56	0.04		-0.09	0.6	0.41	0.1	0.6	0.32	0.38	0.28	0.04	-0.48	0.27	0.58	0.19	-0.04	0.05	0.47	-0.51	-0.33	0.48	0.47	0.33	0.02	0.22
Total Current Liabilities	0.19	0.77	-0.09		-0.29	0.16	0.64	-0.29	-0.15	0.13	-0.12	0.37	0.11	-0.31	0.34	0.51	0.94	-0.3	0.28	0.82	-0.19	0.05	0.23	-0.39	-0.38	0.52
Total Stockholder Equity	0.87	-0.39	0.6	-0.29		0.75	-0.42	1.0	0.48	0.75	0.33	0.31	-0.05	0.49	0.72	0.51	-0.2	0.59	0.82	-0.53	0.2	0.09	0.67	0.6	0.2	0.02
Property Plant And Equipment Net	0.86	-0.26	0.41	0.16	0.75		-0.34	0.75	0.41	0.95	0.35	0.63	0.35	0.63	0.74	0.63	0.25	0.61	0.86	-0.16	0.31	-0.08	0.62	0.28	0.05	0.1
Net Debt	-0.15	0.96	0.1	0.64	-0.42	-0.34		-0.42	-0.21	-0.42	-0.51	0.06	-0.62	-0.64	0.04	-0.01	0.51	-0.81	-0.14	0.45	-0.81	0.57	0.06	-0.43	-0.53	0.36
Retained Earnings	0.87	-0.39	0.6	-0.29	1.0	0.75	-0.42		0.48	0.75	0.33	0.31	-0.05	0.49	0.72	0.5	-0.2	0.59	0.82	-0.53	0.2	0.09	0.66	0.6	0.2	0.02
Accounts Payable	0.5	-0.18	0.32	-0.15	0.48	0.41	-0.21	0.48		0.32	-0.1	0.4	-0.03	0.55	0.19	0.11	0.06	0.38	0.45	-0.26	0.16	-0.14	0.37	0.3	0.5	0.17
Non Current Assets Total	0.84	-0.31	0.38	0.13	0.75	0.95	-0.42	0.75	0.32		0.53	0.43	0.42	0.65	0.77	0.62	0.23	0.71	0.83	-0.15	0.44	-0.13	0.49	0.39	0.08	0.2
Non Currrent Assets Other	0.34	-0.4	0.28	-0.12	0.33	0.35	-0.51	0.33	-0.1	0.53		-0.3	0.46	0.61	0.39	0.13	0.05	0.67	0.31	-0.06	0.6	-0.45	-0.06	0.28	0.44	0.19
Net Receivables	0.49	0.1	0.04	0.37	0.31	0.63	0.06	0.31	0.4	0.43	-0.3		0.16	0.2	0.27	0.55	0.39	0.13	0.56	0.12	-0.04	0.03	0.49	-0.11	-0.21	-0.18
Common Stock Shares Outstanding	0.07	-0.49	-0.48	0.11	-0.05	0.35	-0.62	-0.05	-0.03	0.42	0.46	0.16		0.48	0.02	0.23	0.23	0.67	0.15	0.35	0.81	-0.84	-0.12	-0.16	0.38	-0.03
Non Current Liabilities Total	0.45	-0.59	0.27	-0.31	0.49	0.63	-0.64	0.49	0.55	0.65	0.61	0.2	0.48		0.25	0.01	-0.04	0.83	0.4	-0.33	0.59	-0.45	0.0	0.27	0.58	-0.06
Inventory	0.9	0.12	0.58	0.34	0.72	0.74	0.04	0.72	0.19	0.77	0.39	0.27	0.02	0.25		0.73	0.39	0.37	0.89	0.03	0.0	0.1	0.74	0.19	-0.01	0.49
Other Current Assets	0.74	0.13	0.19	0.51	0.51	0.63	-0.01	0.5	0.11	0.62	0.13	0.55	0.23	0.01	0.73		0.5	0.3	0.82	0.29	0.18	-0.05	0.69	0.17	-0.18	0.17
Total Liab	0.31	0.67	-0.04	0.94	-0.2	0.25	0.51	-0.2	0.06	0.23	0.05	0.39	0.23	-0.04	0.39	0.5		-0.08	0.39	0.83	-0.02	-0.16	0.24	-0.36	-0.09	0.59
Property Plant And Equipment Gross	0.53	-0.7	0.05	-0.3	0.59	0.61	-0.81	0.59	0.38	0.71	0.67	0.13	0.67	0.83	0.37	0.3	-0.08		0.52	-0.19	0.8	-0.64	0.11	0.34	0.61	-0.05
Total Current Assets	0.99	-0.01	0.47	0.28	0.82	0.86	-0.14	0.82	0.45	0.83	0.31	0.56	0.15	0.4	0.89	0.82	0.39	0.52		0.01	0.21	-0.05	0.79	0.33	0.12	0.3
Short Term Debt	-0.1	0.6	-0.51	0.82	-0.53	-0.16	0.45	-0.53	-0.26	-0.15	-0.06	0.12	0.35	-0.33	0.03	0.29	0.83	-0.19	0.01		0.08	-0.39	-0.03	-0.52	-0.04	0.43
Cash And Short Term Investments	0.18	-0.63	-0.33	-0.19	0.2	0.31	-0.81	0.2	0.16	0.44	0.6	-0.04	0.81	0.59	0.0	0.18	-0.02	0.8	0.21	0.08		-0.79	-0.15	0.39	0.56	-0.09
Short Term Investments	0.0	0.45	0.48	0.05	0.09	-0.08	0.57	0.09	-0.14	-0.13	-0.45	0.03	-0.84	-0.45	0.1	-0.05	-0.16	-0.64	-0.05	-0.39	-0.79		0.14	0.16	-0.74	-0.05
Current Deferred Revenue	0.77	0.08	0.47	0.23	0.67	0.62	0.06	0.66	0.37	0.49	-0.06	0.49	-0.12	0.0	0.74	0.69	0.24	0.11	0.79	-0.03	-0.15	0.14		0.13	0.0	0.34
Cash	0.4	-0.32	0.33	-0.39	0.6	0.28	-0.43	0.6	0.3	0.39	0.28	-0.11	-0.16	0.27	0.19	0.17	-0.36	0.34	0.33	-0.52	0.39	0.16	0.13		0.09	-0.1
Common Stock	0.15	-0.48	0.02	-0.38	0.2	0.05	-0.53	0.2	0.5	0.08	0.44	-0.21	0.38	0.58	-0.01	-0.18	-0.09	0.61	0.12	-0.04	0.56	-0.74	0.0	0.09		0.16
Intangible Assets	0.32	0.46	0.22	0.52	0.02	0.1	0.36	0.02	0.17	0.2	0.19	-0.18	-0.03	-0.06	0.49	0.17	0.59	-0.05	0.3	0.43	-0.09	-0.05	0.34	-0.1	0.16

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Goodfellow Account Relationship Matchups

Goodfellow fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	218.3M	237.6M	246.9M	252.8M	217.7M	196.8M
Short Long Term Debt Total	46.2M	24.4M	17.5M	13.2M	11.9M	11.3M
Other Current Liab	17.0M	20.4M	13.4M	13.4M	1.4M	1.3M
Total Current Liabilities	81.0M	62.6M	43.5M	45.1M	91.8M	55.7M
Total Stockholder Equity	121.2M	160.9M	186.8M	195.0M	120.4M	113.8M
Property Plant And Equipment Net	45.5M	42.3M	47.3M	44.1M	50.7M	33.8M
Net Debt	42.8M	20.2M	14.1M	(15.2M)	(13.6M)	(13.0M)
Retained Earnings	111.8M	151.5M	177.4M	185.6M	111.2M	104.1M
Accounts Payable	31.1M	28.6M	25.2M	27.0M	19.7M	27.9M
Non Current Assets Total	51.4M	56.1M	61.8M	61.7M	71.0M	40.3M
Non Currrent Assets Other	2.7M	11.2M	12.4M	16.1M	18.5M	19.5M
Net Receivables	76.1M	63.2M	66.9M	60.0M	76.6M	55.4M
Liabilities And Stockholders Equity	218.3M	237.6M	246.9M	252.8M	290.7M	195.2M
Non Current Liabilities Total	16.1M	14.1M	16.6M	12.6M	14.5M	15.2M
Inventory	84.7M	109.8M	112.3M	98.5M	98.1M	75.0M
Other Current Assets	2.6M	4.2M	2.6M	4.2M	4.8M	2.8M
Total Liab	97.1M	76.6M	60.1M	57.8M	97.3M	83.0M
Property Plant And Equipment Gross	45.5M	110.8M	118.3M	118.4M	136.2M	143.0M
Total Current Assets	166.9M	181.5M	185.1M	191.0M	178.8M	156.4M
Short Term Debt	32.9M	13.5M	5.0M	4.7M	61.4M	64.4M
Cash And Short Term Investments	3.5M	4.3M	3.4M	28.4M	32.6M	34.3M
Cash	3.5M	4.3M	3.4M	28.4M	433K	411.4K
Intangible Assets	3.2M	2.7M	2.1M	1.5M	1.7M	3.1M
Other Liab	2.8M	3.2M	4.1M	4.7M	4.3M	3.4M
Net Tangible Assets	118.0M	158.3M	184.7M	120.4M	138.4M	137.9M
Other Assets	2.7M	11.2M	12.4M	1.5M	1.7M	1.7M
Short Long Term Debt	31.2M	28.6M	9.2M	61.4M	55.2M	28.5M
Property Plant Equipment	45.5M	42.3M	47.3M	37.3M	42.9M	42.6M
Long Term Debt Total	28K	13.3M	10.9M	12.5M	14.4M	15.1M
Capital Lease Obligations	17.7M	15.2M	17.5M	13.2M	15.2M	10.0M
Net Invested Capital	149.8M	170.2M	186.8M	195.0M	224.3M	182.9M
Net Working Capital	85.9M	118.9M	141.6M	145.9M	167.8M	112.5M

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

0.4	TD-PFI	Toronto Dominion Bank	Pair Corr
0.33	NVDA	NVIDIA CDR	Pair Corr

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.

Pair Correlation Correlation Matching

Other Information on Investing in Goodfellow Stock

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

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Goodfellow Income Quality vs Payout Ratio Analysis

Income Quality vs Payout Ratio

Income Quality vs Payout Ratio Correlation Analysis

Correlation Coefficient

Income Quality

Payout Ratio

Goodfellow fundamental ratios Correlations

Goodfellow Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Goodfellow fundamental ratios Accounts

Pair Trading with Goodfellow

Moving against Goodfellow Stock

Other Information on Investing in Goodfellow Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Assets
Net Debt	+ 0.96	Short Long Term Debt Total
Non Current Assets Total	+ 0.95	Property Plant And Equipment Net
Total Liab	+ 0.94	Total Current Liabilities
Inventory	+ 0.9	Total Assets

Short Term Investments	- 0.84	Common Stock Shares Outstanding
Cash And Short Term Investments	- 0.81	Net Debt
Property Plant And Equipment Gross	- 0.81	Net Debt
Short Term Investments	- 0.79	Cash And Short Term Investments
Common Stock	- 0.74	Short Term Investments
Property Plant And Equipment Gross	- 0.7	Short Long Term Debt Total