Gfl Inventory vs Current Deferred Revenue Analysis

GFL Stock

CAD 64.11 0.18 0.28%

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

Inventory vs Current Deferred Revenue

Inventory vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gfl Environmental Inventory account and Current Deferred Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Gfl Environmental's Inventory and Current Deferred Revenue is 0.93. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Gfl Environmental Holdings, assuming nothing else is changed. The correlation between historical values of Gfl Environmental's Inventory 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 Inventory of Gfl Environmental Holdings 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 Inventory i.e., Gfl Environmental's Inventory and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Inventory

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 Gfl Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gfl Environmental 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 Gfl Environmental Holdings. 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.

As of the 24th of November 2024, Tax Provision is likely to grow to about 167.9 M, while Selling General Administrative is likely to drop about 500.3 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.4B	1.5B	1.5B	1.0B
Interest Income	712.3M	371.1M	426.8M	494.8M

Depreciation And Amortization Interest Income

Gfl Environmental fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory
Common Stock Shares Outstanding		0.88	0.82	0.72	0.87	0.91	0.84	-0.71	0.93	0.79	0.84	-0.97	0.82	0.19	0.88	-0.23	0.85	0.83	0.19	0.9	0.87	0.95	0.8	0.84	0.94	0.9
Total Assets	0.88		0.99	0.64	0.93	0.99	0.9	-0.94	0.98	0.98	0.99	-0.92	0.9	0.46	1.0	-0.32	0.84	0.99	0.46	0.99	1.0	0.97	0.98	0.99	0.81	0.98
Short Long Term Debt Total	0.82	0.99		0.62	0.9	0.96	0.87	-0.97	0.95	0.99	1.0	-0.88	0.89	0.56	0.98	-0.34	0.83	0.99	0.56	0.97	0.99	0.94	0.98	0.99	0.75	0.95
Other Current Liab	0.72	0.64	0.62		0.76	0.63	0.32	-0.56	0.67	0.6	0.63	-0.76	0.51	0.18	0.64	-0.39	0.94	0.58	0.18	0.64	0.62	0.68	0.68	0.61	0.88	0.7
Total Current Liabilities	0.87	0.93	0.9	0.76		0.91	0.75	-0.83	0.94	0.9	0.91	-0.93	0.92	0.33	0.93	-0.6	0.85	0.89	0.33	0.93	0.92	0.88	0.9	0.9	0.85	0.93
Total Stockholder Equity	0.91	0.99	0.96	0.63	0.91		0.91	-0.89	0.99	0.95	0.97	-0.93	0.87	0.37	0.99	-0.28	0.83	0.96	0.37	0.98	0.98	0.97	0.95	0.97	0.82	0.97
Other Liab	0.84	0.9	0.87	0.32	0.75	0.91		-0.81	0.89	0.86	0.87	-0.83	0.86	0.37	0.9	-0.1	0.6	0.9	0.37	0.91	0.9	0.91	0.81	0.9	0.67	0.85
Net Tangible Assets	-0.71	-0.94	-0.97	-0.56	-0.83	-0.89	-0.81		-0.86	-0.98	-0.97	0.78	-0.85	-0.63	-0.93	0.32	-0.78	-0.97	-0.63	-0.91	-0.95	-0.87	-0.95	-0.96	-0.65	-0.88
Property Plant And Equipment Net	0.93	0.98	0.95	0.67	0.94	0.99	0.89	-0.86		0.93	0.96	-0.96	0.89	0.37	0.99	-0.33	0.84	0.95	0.37	0.99	0.97	0.97	0.95	0.96	0.87	0.99
Current Deferred Revenue	0.79	0.98	0.99	0.6	0.9	0.95	0.86	-0.98	0.93		0.99	-0.84	0.9	0.52	0.97	-0.4	0.81	0.99	0.52	0.95	0.99	0.92	0.97	0.98	0.71	0.93
Net Debt	0.84	0.99	1.0	0.63	0.91	0.97	0.87	-0.97	0.96	0.99		-0.88	0.9	0.53	0.99	-0.35	0.83	0.99	0.53	0.97	0.99	0.95	0.98	0.99	0.76	0.95
Retained Earnings	-0.97	-0.92	-0.88	-0.76	-0.93	-0.93	-0.83	0.78	-0.96	-0.84	-0.88		-0.86	-0.31	-0.92	0.3	-0.89	-0.88	-0.31	-0.95	-0.91	-0.96	-0.87	-0.9	-0.96	-0.95
Accounts Payable	0.82	0.9	0.89	0.51	0.92	0.87	0.86	-0.85	0.89	0.9	0.9	-0.86		0.39	0.9	-0.54	0.69	0.91	0.39	0.91	0.91	0.86	0.83	0.89	0.71	0.85
Cash	0.19	0.46	0.56	0.18	0.33	0.37	0.37	-0.63	0.37	0.52	0.53	-0.31	0.39		0.45	0.07	0.31	0.56	1.0	0.46	0.47	0.37	0.56	0.54	0.2	0.43
Non Current Assets Total	0.88	1.0	0.98	0.64	0.93	0.99	0.9	-0.93	0.99	0.97	0.99	-0.92	0.9	0.45		-0.33	0.84	0.99	0.45	0.99	1.0	0.97	0.97	0.99	0.81	0.98
Non Currrent Assets Other	-0.23	-0.32	-0.34	-0.39	-0.6	-0.28	-0.1	0.32	-0.33	-0.4	-0.35	0.3	-0.54	0.07	-0.33		-0.31	-0.31	0.07	-0.31	-0.35	-0.21	-0.32	-0.3	-0.23	-0.3
Other Assets	0.85	0.84	0.83	0.94	0.85	0.83	0.6	-0.78	0.84	0.81	0.83	-0.89	0.69	0.31	0.84	-0.31		0.8	0.31	0.83	0.83	0.88	0.85	0.82	0.93	0.87
Long Term Debt	0.83	0.99	0.99	0.58	0.89	0.96	0.9	-0.97	0.95	0.99	0.99	-0.88	0.91	0.56	0.99	-0.31	0.8		0.56	0.98	0.99	0.94	0.97	1.0	0.75	0.95
Cash And Short Term Investments	0.19	0.46	0.56	0.18	0.33	0.37	0.37	-0.63	0.37	0.52	0.53	-0.31	0.39	1.0	0.45	0.07	0.31	0.56		0.46	0.47	0.37	0.56	0.54	0.2	0.43
Net Receivables	0.9	0.99	0.97	0.64	0.93	0.98	0.91	-0.91	0.99	0.95	0.97	-0.95	0.91	0.46	0.99	-0.31	0.83	0.98	0.46		0.99	0.96	0.96	0.98	0.84	0.99
Good Will	0.87	1.0	0.99	0.62	0.92	0.98	0.9	-0.95	0.97	0.99	0.99	-0.91	0.91	0.47	1.0	-0.35	0.83	0.99	0.47	0.99		0.96	0.97	1.0	0.79	0.97
Common Stock Total Equity	0.95	0.97	0.94	0.68	0.88	0.97	0.91	-0.87	0.97	0.92	0.95	-0.96	0.86	0.37	0.97	-0.21	0.88	0.94	0.37	0.96	0.96		0.91	0.95	0.89	0.95
Long Term Debt Total	0.8	0.98	0.98	0.68	0.9	0.95	0.81	-0.95	0.95	0.97	0.98	-0.87	0.83	0.56	0.97	-0.32	0.85	0.97	0.56	0.96	0.97	0.91		0.98	0.77	0.97
Non Current Liabilities Total	0.84	0.99	0.99	0.61	0.9	0.97	0.9	-0.96	0.96	0.98	0.99	-0.9	0.89	0.54	0.99	-0.3	0.82	1.0	0.54	0.98	1.0	0.95	0.98		0.77	0.97
Capital Surpluse	0.94	0.81	0.75	0.88	0.85	0.82	0.67	-0.65	0.87	0.71	0.76	-0.96	0.71	0.2	0.81	-0.23	0.93	0.75	0.2	0.84	0.79	0.89	0.77	0.77		0.87
Inventory	0.9	0.98	0.95	0.7	0.93	0.97	0.85	-0.88	0.99	0.93	0.95	-0.95	0.85	0.43	0.98	-0.3	0.87	0.95	0.43	0.99	0.97	0.95	0.97	0.97	0.87

Click cells to compare fundamentals

Gfl Environmental Account Relationship Matchups

Gfl Environmental fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.3B	15.7B	18.4B	19.8B	20.7B	15.9B
Short Long Term Debt Total	7.8B	7.7B	8.3B	9.6B	9.3B	8.1B
Other Current Liab	35.5M	(93.2M)	(64.1M)	816.9M	822.3M	863.4M
Total Current Liabilities	865.1M	1.2B	1.5B	2.7B	1.8B	1.4B
Total Stockholder Equity	2.8B	5.7B	5.8B	6.0B	7.2B	4.9B
Other Liab	957.2M	2.4B	2.8B	1.4B	1.7B	1.6B
Net Tangible Assets	(5.3B)	(3.9B)	(5.1B)	(5.4B)	(4.9B)	(5.1B)
Property Plant And Equipment Net	2.9B	5.1B	6.0B	6.5B	7.0B	4.9B
Net Debt	7.2B	7.7B	8.1B	9.6B	9.1B	7.9B
Retained Earnings	(770.3M)	(1.8B)	(2.5B)	(2.8B)	(2.8B)	(2.7B)
Accounts Payable	732.0M	1.0B	1.3B	1.6B	711M	982.8M
Cash	574.8M	27.2M	190.4M	82.1M	135.7M	159.9M
Non Current Assets Total	10.9B	14.7B	16.9B	18.4B	19.2B	14.7B
Non Currrent Assets Other	31.7M	33.2M	36.3M	(777.6M)	82.9M	87.0M
Other Assets	31.6M	33.2M	36.3M	90.2M	103.7M	108.9M
Long Term Debt	7.6B	7.5B	9.2B	9.2B	8.8B	8.0B
Cash And Short Term Investments	574.8M	27.2M	190.4M	82.1M	135.7M	159.9M
Net Receivables	713.4M	867.3M	1.1B	1.1B	1.1B	920.0M
Good Will	5.2B	6.5B	7.5B	8.2B	7.9B	6.5B
Long Term Debt Total	7.7B	6.3B	8.2B	9.6B	11.0B	7.4B
Liabilities And Stockholders Equity	12.3B	15.7B	18.4B	19.8B	20.7B	15.9B
Non Current Liabilities Total	8.7B	8.9B	11.1B	11.0B	11.5B	9.6B
Capital Surpluse	16.4M	54.3M	77.4M	109.6M	126.0M	132.3M
Inventory	50.5M	57.4M	82M	84.2M	98.2M	68.9M
Other Current Assets	50.5M	76.3M	88.6M	182.9M	123.4M	92.4M
Other Stockholder Equity	16.4M	54.3M	77.4M	109.6M	149.5M	157.0M
Total Liab	9.6B	10.1B	12.6B	13.7B	13.3B	11.0B
Net Invested Capital	10.4B	13.3B	15.1B	15.3B	16.0B	13.0B
Property Plant And Equipment Gross	2.9B	5.1B	7.9B	9.4B	10.6B	6.2B
Short Long Term Debt	71.4M	76.6M	86.9M	42.7M	15.5M	14.7M
Total Current Assets	1.4B	1.0B	1.5B	1.4B	1.5B	1.2B
Accumulated Other Comprehensive Income	(2.7M)	(241.5M)	(253.7M)	130.3M	15.1M	15.9M
Net Working Capital	555.2M	(165.1M)	(26.7M)	(1.3B)	(325.4M)	(309.1M)
Short Term Debt	97.5M	101.3M	68.1M	69.4M	69.3M	73.6M
Intangible Assets	2.8B	3.1B	3.3B	3.2B	3.1B	3.0B
Common Stock	3.5B	7.6B	8.5B	8.6B	9.8B	6.7B
Property Plant Equipment	2.9B	5.1B	6.0B	6.5B	7.5B	4.4B

Pair Trading with Gfl Environmental

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 Gfl Environmental 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 Gfl Environmental will appreciate offsetting losses from the drop in the long position's value.

Moving together with Gfl Stock

0.79

PSI

Pason Systems

Pair Corr

Moving against Gfl Stock

0.86	GUD	Knight Therapeutics	Pair Corr
0.52	EDV	Endeavour Mining Corp	Pair Corr
0.49	PKI	Parkland Fuel	Pair Corr

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

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

When determining whether Gfl Environmental is a strong investment it is important to analyze Gfl Environmental's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Gfl Environmental's future performance. For an informed investment choice regarding Gfl Stock, refer to the following important reports:

How To Invest In Gfl

Details

Is Gfl Stock a good investment?

Details

What is Gfl Environmental's Net Worth?

Details

Largest Environmental & Facilities Services Companies

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Largest Commercial & Professional Services Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gfl Environmental Holdings. 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.

You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Please note, there is a significant difference between Gfl Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gfl Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gfl Environmental's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Gfl Inventory vs Current Deferred Revenue Analysis

Inventory vs Current Deferred Revenue

Inventory vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Inventory

Current Deferred Revenue

Gfl Environmental fundamental ratios Correlations

Gfl Environmental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gfl Environmental fundamental ratios Accounts

Pair Trading with Gfl Environmental

Moving together with Gfl Stock

Moving against Gfl Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Non Current Liabilities Total	+ 1.0	Long Term Debt

Current Deferred Revenue	- 0.98	Net Tangible Assets
Long Term Debt	- 0.97	Net Tangible Assets
Net Debt	- 0.97	Net Tangible Assets
Net Tangible Assets	- 0.97	Short Long Term Debt Total
Retained Earnings	- 0.97	Common Stock Shares Outstanding
Capital Surpluse	- 0.96	Retained Earnings