Canada Net Income Per Share vs Payout Ratio Analysis

GOOS Stock

CAD 13.34 0.03 0.22%

Canada Goose financial indicator trend analysis is way more than just evaluating Canada Goose Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canada Goose Holdings is a good investment. Please check the relationship between Canada Goose Net Income Per Share and its Payout Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose 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.

Net Income Per Share vs Payout Ratio

Net Income Per Share vs Payout Ratio Correlation Analysis

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

The correlation between Canada Goose's Net Income Per Share and Payout Ratio is -0.03. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Canada Goose Holdings, assuming nothing else is changed. The correlation between historical values of Canada Goose's Net Income Per Share 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 Net Income Per Share of Canada Goose Holdings 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 Net Income Per Share i.e., Canada Goose's Net Income Per Share and Payout Ratio go up and down completely randomly.

Correlation Coefficient

-0.03

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income Per Share

Payout Ratio

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

Most indicators from Canada Goose's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canada Goose Holdings 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 Canada Goose 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.

At this time, Canada Goose's Selling General Administrative is very stable compared to the past year. As of the 30th of November 2024, Tax Provision is likely to grow to about 21.6 M, while Issuance Of Capital Stock is likely to drop about 85.5 K.

	2021	2022	2023	2024 (projected)
Interest Expense	28.7M	32.1M	42.6M	21.4M
Depreciation And Amortization	95.8M	109.1M	126M	132.3M

Interest Expense Depreciation And Amortization

Canada Goose 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	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Common Stock Shares Outstanding		0.58	0.47	0.52	0.6	0.63	0.52	0.66	0.52	0.37	0.64	0.55	0.46	0.54	0.15	0.5	0.48	0.46	0.43	0.45	0.72	0.48	0.62	0.64	-0.28	0.52
Total Assets	0.58		0.97	0.91	0.99	0.93	0.95	0.94	0.98	0.72	0.91	0.64	0.84	0.98	-0.14	0.9	0.94	0.84	0.75	0.87	0.81	0.97	0.97	0.92	-0.03	0.99
Short Long Term Debt Total	0.47	0.97		0.85	0.96	0.82	0.95	0.84	0.98	0.77	0.78	0.6	0.81	0.97	-0.11	0.91	0.98	0.81	0.75	0.87	0.7	1.0	0.92	0.87	0.15	0.99
Other Current Liab	0.52	0.91	0.85		0.89	0.87	0.82	0.86	0.91	0.69	0.85	0.3	0.67	0.92	-0.07	0.8	0.79	0.67	0.71	0.88	0.76	0.86	0.91	0.9	-0.13	0.88
Total Current Liabilities	0.6	0.99	0.96	0.89		0.89	0.97	0.91	0.97	0.73	0.87	0.68	0.8	0.97	-0.12	0.9	0.94	0.8	0.74	0.88	0.83	0.97	0.97	0.94	-0.05	0.98
Total Stockholder Equity	0.63	0.93	0.82	0.87	0.89		0.83	0.98	0.88	0.56	1.0	0.61	0.8	0.9	-0.18	0.79	0.78	0.8	0.64	0.73	0.83	0.83	0.93	0.86	-0.24	0.86
Other Liab	0.52	0.95	0.95	0.82	0.97	0.83		0.85	0.94	0.7	0.8	0.67	0.78	0.94	-0.13	0.88	0.95	0.78	0.73	0.9	0.79	0.96	0.92	0.92	-0.09	0.97
Net Tangible Assets	0.66	0.94	0.84	0.86	0.91	0.98	0.85		0.89	0.66	0.97	0.64	0.78	0.91	-0.13	0.86	0.8	0.78	0.76	0.79	0.86	0.85	0.93	0.89	-0.2	0.87
Property Plant And Equipment Net	0.52	0.98	0.98	0.91	0.97	0.88	0.94	0.89		0.79	0.85	0.56	0.74	1.0	-0.14	0.91	0.92	0.74	0.77	0.89	0.76	0.98	0.97	0.93	0.07	0.98
Net Debt	0.37	0.72	0.77	0.69	0.73	0.56	0.7	0.66	0.79		0.51	0.34	0.37	0.79	-0.08	0.92	0.71	0.37	0.93	0.85	0.49	0.76	0.76	0.76	0.25	0.76
Retained Earnings	0.64	0.91	0.78	0.85	0.87	1.0	0.8	0.97	0.85	0.51		0.62	0.79	0.87	-0.16	0.75	0.74	0.79	0.6	0.69	0.84	0.79	0.91	0.84	-0.28	0.82
Accounts Payable	0.55	0.64	0.6	0.3	0.68	0.61	0.67	0.64	0.56	0.34	0.62		0.66	0.56	-0.08	0.58	0.63	0.66	0.39	0.37	0.67	0.59	0.62	0.57	-0.05	0.62
Cash	0.46	0.84	0.81	0.67	0.8	0.8	0.78	0.78	0.74	0.37	0.79	0.66		0.74	-0.13	0.67	0.86	1.0	0.48	0.55	0.62	0.81	0.69	0.59	-0.01	0.82
Non Current Assets Total	0.54	0.98	0.97	0.92	0.97	0.9	0.94	0.91	1.0	0.79	0.87	0.56	0.74		-0.14	0.92	0.91	0.74	0.79	0.9	0.78	0.97	0.98	0.94	0.03	0.98
Non Currrent Assets Other	0.15	-0.14	-0.11	-0.07	-0.12	-0.18	-0.13	-0.13	-0.14	-0.08	-0.16	-0.08	-0.13	-0.14		-0.15	-0.07	-0.13	-0.17	-0.14	0.23	-0.11	-0.12	-0.08	-0.03	-0.12
Other Assets	0.5	0.9	0.91	0.8	0.9	0.79	0.88	0.86	0.91	0.92	0.75	0.58	0.67	0.92	-0.15		0.88	0.67	0.93	0.9	0.68	0.91	0.9	0.87	0.09	0.92
Long Term Debt	0.48	0.94	0.98	0.79	0.94	0.78	0.95	0.8	0.92	0.71	0.74	0.63	0.86	0.91	-0.07	0.88		0.86	0.73	0.84	0.69	0.98	0.86	0.81	0.11	0.97
Cash And Short Term Investments	0.46	0.84	0.81	0.67	0.8	0.8	0.78	0.78	0.74	0.37	0.79	0.66	1.0	0.74	-0.13	0.67	0.86		0.48	0.55	0.62	0.81	0.69	0.59	-0.01	0.82
Net Receivables	0.43	0.75	0.75	0.71	0.74	0.64	0.73	0.76	0.77	0.93	0.6	0.39	0.48	0.79	-0.17	0.93	0.73	0.48		0.87	0.56	0.76	0.75	0.77	0.12	0.76
Good Will	0.45	0.87	0.87	0.88	0.88	0.73	0.9	0.79	0.89	0.85	0.69	0.37	0.55	0.9	-0.14	0.9	0.84	0.55	0.87		0.7	0.88	0.88	0.93	-0.08	0.89
Common Stock Total Equity	0.72	0.81	0.7	0.76	0.83	0.83	0.79	0.86	0.76	0.49	0.84	0.67	0.62	0.78	0.23	0.68	0.69	0.62	0.56	0.7		0.71	0.84	0.88	-0.34	0.76
Non Current Liabilities Total	0.48	0.97	1.0	0.86	0.97	0.83	0.96	0.85	0.98	0.76	0.79	0.59	0.81	0.97	-0.11	0.91	0.98	0.81	0.76	0.88	0.71		0.92	0.87	0.12	1.0
Inventory	0.62	0.97	0.92	0.91	0.97	0.93	0.92	0.93	0.97	0.76	0.91	0.62	0.69	0.98	-0.12	0.9	0.86	0.69	0.75	0.88	0.84	0.92		0.97	-0.13	0.94
Other Current Assets	0.64	0.92	0.87	0.9	0.94	0.86	0.92	0.89	0.93	0.76	0.84	0.57	0.59	0.94	-0.08	0.87	0.81	0.59	0.77	0.93	0.88	0.87	0.97		-0.19	0.9
Other Stockholder Equity	-0.28	-0.03	0.15	-0.13	-0.05	-0.24	-0.09	-0.2	0.07	0.25	-0.28	-0.05	-0.01	0.03	-0.03	0.09	0.11	-0.01	0.12	-0.08	-0.34	0.12	-0.13	-0.19		0.07
Total Liab	0.52	0.99	0.99	0.88	0.98	0.86	0.97	0.87	0.98	0.76	0.82	0.62	0.82	0.98	-0.12	0.92	0.97	0.82	0.76	0.89	0.76	1.0	0.94	0.9	0.07

Click cells to compare fundamentals

Canada Goose Account Relationship Matchups

Canada Goose fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	111.2M	111.1M	109.2M	105.6M	101.8M	111.1M
Total Assets	1.1B	1.5B	1.3B	1.6B	1.5B	1.0B
Short Long Term Debt Total	386M	622.6M	640.2M	754M	728.4M	419.1M
Other Current Liab	106.7M	118.9M	43M	157.1M	129.4M	79.6M
Total Current Liabilities	201.3M	262.1M	281.5M	352.4M	309.9M	200.3M
Total Stockholder Equity	520.2M	600.1M	427.9M	469.5M	417M	382.9M
Other Liab	44.5M	41.1M	61.4M	72.8M	83.7M	44.2M
Net Tangible Assets	190.4M	305.4M	399.7M	252.6M	290.5M	305.0M
Property Plant And Equipment Net	326.9M	350.2M	329.4M	447.8M	451.6M	233.6M
Net Debt	354.3M	144.7M	333M	467.5M	583.5M	612.7M
Retained Earnings	389.4M	454.4M	290.4M	316.5M	252.5M	240.2M
Accounts Payable	53.3M	78.9M	176.2M	60.1M	57.6M	70.8M
Cash	31.7M	477.9M	287.7M	286.5M	144.9M	157.9M
Non Current Assets Total	588.5M	610.3M	578.3M	726.8M	740.8M	484.1M
Non Currrent Assets Other	7M	100K	5.1M	20.4M	12.5M	6.7M
Other Assets	46.8M	53.5M	73.6M	80M	92M	96.6M
Long Term Debt	158.1M	367.8M	366.2M	391.6M	388.5M	258.4M
Cash And Short Term Investments	31.7M	477.9M	287.7M	286.5M	144.9M	157.9M
Net Receivables	44.3M	45.7M	43.8M	51.8M	98.4M	103.3M
Liabilities And Stockholders Equity	1.1B	1.5B	1.3B	1.6B	1.5B	1.0B
Non Current Liabilities Total	391.2M	645M	631.2M	760.1M	748.2M	439.9M
Inventory	412.3M	342.3M	393.3M	472.6M	445.2M	309.4M
Other Current Assets	43.5M	31M	37.5M	52.3M	60.1M	33.3M
Other Stockholder Equity	15.7M	25.2M	36.2M	28.5M	54.4M	57.1M
Total Liab	592.5M	907.1M	912.7M	1.1B	1.1B	640.1M
Property Plant And Equipment Gross	326.9M	350.2M	329.4M	447.8M	903.3M	948.5M
Total Current Assets	524.2M	896.9M	762.3M	863.2M	740.8M	540.5M
Accumulated Other Comprehensive Income	400K	(5.2M)	(17.2M)	5.8M	5.2M	5.5M
Short Term Debt	35.9M	45.2M	62.3M	103.7M	89.3M	68.4M
Intangible Assets	161.7M	155M	122.2M	135.1M	155.4M	151.9M
Common Stock	114.7M	120.5M	118.5M	118.7M	104.9M	99.7M
Property Plant Equipment	326.9M	350.2M	329.4M	447.8M	515.0M	540.7M
Long Term Debt Total	350.1M	577.4M	577.9M	650.3M	747.8M	374.3M
Capital Surpluse	15.7M	25.2M	26.2M	28.5M	25.7M	17.1M
Non Current Liabilities Other	4.6M	20.4M	25.7M	56.9M	54.6M	57.3M
Net Invested Capital	678.3M	967.9M	797.9M	888.7M	814.9M	797.1M

Pair Trading with Canada Goose

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 Canada Goose 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 Canada Goose will appreciate offsetting losses from the drop in the long position's value.

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

The correlation of Canada Goose 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 Canada Goose moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canada Goose Holdings 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 Canada Goose 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 Canada Goose Holdings is a strong investment it is important to analyze Canada Goose'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 Canada Goose's future performance. For an informed investment choice regarding Canada Stock, refer to the following important reports:

How To Invest In Canada

Details

Is Canada Stock a good investment?

Details

What is Canada Goose's Net Worth?

Details

Largest Apparel, Accessories & Luxury Goods Companies

View

Largest Consumer Durables & Apparel Companies

View

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Please note, there is a significant difference between Canada Goose's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canada Goose is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canada Goose'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.

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

Canada Net Income Per Share vs Payout Ratio Analysis

Net Income Per Share vs Payout Ratio

Net Income Per Share vs Payout Ratio Correlation Analysis

Correlation Coefficient

Net Income Per Share

Payout Ratio

Canada Goose fundamental ratios Correlations

Canada Goose Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canada Goose fundamental ratios Accounts

Pair Trading with Canada Goose

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Total Current Liabilities	+ 0.99	Total Assets

Other Stockholder Equity	- 0.34	Common Stock Total Equity
Other Stockholder Equity	- 0.28	Retained Earnings
Other Stockholder Equity	- 0.28	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.24	Total Stockholder Equity
Other Stockholder Equity	- 0.2	Net Tangible Assets
Other Stockholder Equity	- 0.19	Other Current Assets