Goeasy Capex To Revenue vs Free Cash Flow Yield Analysis

GSY Stock

CAD 173.67 2.15 1.25%

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

Capex To Revenue vs Free Cash Flow Yield

Capex To Revenue vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of goeasy Capex To Revenue account and Free Cash Flow Yield. At this time, the significance of the direction appears to have no relationship.

The correlation between Goeasy's Capex To Revenue and Free Cash Flow Yield is 0.07. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of goeasy, assuming nothing else is changed. The correlation between historical values of Goeasy's Capex To Revenue and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Revenue of goeasy are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Capex To Revenue i.e., Goeasy's Capex To Revenue and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.07

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Goeasy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into goeasy 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 goeasy. 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, Goeasy's Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Issuance Of Capital Stock is likely to grow to about 62.8 M, while Selling General Administrative is likely to drop about 55 M.

	2021	2022	2023	2024 (projected)
Gross Profit	622.0M	795.9M	851.6M	894.2M
Total Revenue	826.7M	1.0B	1.3B	1.3B

Gross Profit Total Revenue

Goeasy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Other Current Liab	Cash	Cash And Short Term Investments	Intangible Assets	Current Deferred Revenue	Good Will
Total Assets		0.99	0.67	1.0	0.6	1.0	1.0	0.92	0.89	-0.95	1.0	0.4	1.0	0.95	-0.84	-0.99	1.0	0.94	1.0	0.8	-0.8	0.72	0.72	0.91	0.96	0.95
Short Long Term Debt Total	0.99		0.65	0.98	0.57	0.99	0.99	0.92	0.9	-0.94	0.98	0.4	0.99	0.95	-0.82	-0.96	0.99	0.92	0.99	0.81	-0.79	0.76	0.76	0.89	0.95	0.93
Total Current Liabilities	0.67	0.65		0.67	0.76	0.67	0.65	0.59	0.55	-0.53	0.68	0.5	0.63	0.59	-0.47	-0.69	0.67	0.75	0.68	0.29	-0.27	0.38	0.38	0.56	0.7	0.52
Total Stockholder Equity	1.0	0.98	0.67		0.64	0.99	0.99	0.92	0.91	-0.96	0.99	0.43	0.99	0.95	-0.84	-0.98	0.99	0.96	0.99	0.78	-0.77	0.71	0.71	0.94	0.94	0.96
Property Plant And Equipment Net	0.6	0.57	0.76	0.64		0.59	0.6	0.59	0.65	-0.53	0.59	0.84	0.56	0.58	-0.43	-0.62	0.59	0.78	0.59	0.2	-0.21	0.32	0.32	0.63	0.57	0.55
Net Debt	1.0	0.99	0.67	0.99	0.59		0.99	0.91	0.87	-0.96	1.0	0.37	1.0	0.96	-0.83	-0.98	1.0	0.94	1.0	0.8	-0.8	0.7	0.7	0.9	0.97	0.95
Retained Earnings	1.0	0.99	0.65	0.99	0.6	0.99		0.94	0.89	-0.95	0.99	0.4	0.99	0.95	-0.87	-0.98	0.99	0.94	0.99	0.83	-0.82	0.74	0.74	0.91	0.94	0.95
Accounts Payable	0.92	0.92	0.59	0.92	0.59	0.91	0.94		0.85	-0.83	0.91	0.55	0.92	0.89	-0.86	-0.9	0.92	0.89	0.92	0.83	-0.81	0.84	0.84	0.78	0.83	0.83
Non Current Assets Total	0.89	0.9	0.55	0.91	0.65	0.87	0.89	0.85		-0.86	0.85	0.55	0.88	0.87	-0.66	-0.83	0.88	0.89	0.85	0.65	-0.61	0.66	0.66	0.91	0.83	0.9
Non Currrent Assets Other	-0.95	-0.94	-0.53	-0.96	-0.53	-0.96	-0.95	-0.83	-0.86		-0.95	-0.26	-0.96	-0.95	0.79	0.94	-0.95	-0.9	-0.95	-0.78	0.79	-0.58	-0.58	-0.94	-0.94	-0.99
Net Receivables	1.0	0.98	0.68	0.99	0.59	1.0	0.99	0.91	0.85	-0.95		0.36	1.0	0.95	-0.85	-0.99	1.0	0.93	1.0	0.81	-0.81	0.7	0.7	0.89	0.96	0.94
Common Stock Shares Outstanding	0.4	0.4	0.5	0.43	0.84	0.37	0.4	0.55	0.55	-0.26	0.36		0.36	0.39	-0.24	-0.37	0.38	0.57	0.37	0.11	-0.08	0.41	0.41	0.37	0.32	0.3
Non Current Liabilities Total	1.0	0.99	0.63	0.99	0.56	1.0	0.99	0.92	0.88	-0.96	1.0	0.36		0.95	-0.85	-0.98	1.0	0.92	1.0	0.83	-0.82	0.73	0.73	0.9	0.96	0.95
Inventory	0.95	0.95	0.59	0.95	0.58	0.96	0.95	0.89	0.87	-0.95	0.95	0.39	0.95		-0.76	-0.91	0.95	0.93	0.95	0.82	-0.82	0.6	0.6	0.86	0.97	0.93
Other Current Assets	-0.84	-0.82	-0.47	-0.84	-0.43	-0.83	-0.87	-0.86	-0.66	0.79	-0.85	-0.24	-0.85	-0.76		0.86	-0.84	-0.76	-0.85	-0.89	0.9	-0.71	-0.71	-0.71	-0.72	-0.78
Other Stockholder Equity	-0.99	-0.96	-0.69	-0.98	-0.62	-0.98	-0.98	-0.9	-0.83	0.94	-0.99	-0.37	-0.98	-0.91	0.86		-0.98	-0.92	-0.99	-0.77	0.78	-0.7	-0.7	-0.9	-0.93	-0.93
Total Liab	1.0	0.99	0.67	0.99	0.59	1.0	0.99	0.92	0.88	-0.95	1.0	0.38	1.0	0.95	-0.84	-0.98		0.93	1.0	0.81	-0.8	0.73	0.73	0.9	0.96	0.94
Property Plant And Equipment Gross	0.94	0.92	0.75	0.96	0.78	0.94	0.94	0.89	0.89	-0.9	0.93	0.57	0.92	0.93	-0.76	-0.92	0.93		0.93	0.67	-0.67	0.58	0.58	0.9	0.91	0.91
Total Current Assets	1.0	0.99	0.68	0.99	0.59	1.0	0.99	0.92	0.85	-0.95	1.0	0.37	1.0	0.95	-0.85	-0.99	1.0	0.93		0.81	-0.81	0.72	0.72	0.89	0.96	0.94
Short Term Debt	0.8	0.81	0.29	0.78	0.2	0.8	0.83	0.83	0.65	-0.78	0.81	0.11	0.83	0.82	-0.89	-0.77	0.81	0.67	0.81		-0.99	0.69	0.69	0.6	0.75	0.75
Other Current Liab	-0.8	-0.79	-0.27	-0.77	-0.21	-0.8	-0.82	-0.81	-0.61	0.79	-0.81	-0.08	-0.82	-0.82	0.9	0.78	-0.8	-0.67	-0.81	-0.99		-0.65	-0.65	-0.61	-0.74	-0.75
Cash	0.72	0.76	0.38	0.71	0.32	0.7	0.74	0.84	0.66	-0.58	0.7	0.41	0.73	0.6	-0.71	-0.7	0.73	0.58	0.72	0.69	-0.65		1.0	0.56	0.57	0.6
Cash And Short Term Investments	0.72	0.76	0.38	0.71	0.32	0.7	0.74	0.84	0.66	-0.58	0.7	0.41	0.73	0.6	-0.71	-0.7	0.73	0.58	0.72	0.69	-0.65	1.0		0.56	0.57	0.6
Intangible Assets	0.91	0.89	0.56	0.94	0.63	0.9	0.91	0.78	0.91	-0.94	0.89	0.37	0.9	0.86	-0.71	-0.9	0.9	0.9	0.89	0.6	-0.61	0.56	0.56		0.85	0.97
Current Deferred Revenue	0.96	0.95	0.7	0.94	0.57	0.97	0.94	0.83	0.83	-0.94	0.96	0.32	0.96	0.97	-0.72	-0.93	0.96	0.91	0.96	0.75	-0.74	0.57	0.57	0.85		0.91
Good Will	0.95	0.93	0.52	0.96	0.55	0.95	0.95	0.83	0.9	-0.99	0.94	0.3	0.95	0.93	-0.78	-0.93	0.94	0.91	0.94	0.75	-0.75	0.6	0.6	0.97	0.91

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Goeasy Account Relationship Matchups

Goeasy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3B	1.5B	2.6B	3.3B	4.2B	4.4B
Short Long Term Debt Total	911.7M	941.7M	1.6B	2.3B	2.9B	3.0B
Total Current Liabilities	165.0M	278.2M	115.2M	253.6M	152.9M	160.5M
Total Stockholder Equity	332.4M	443.5M	789.9M	869.7M	1.1B	1.1B
Property Plant And Equipment Net	117.9M	127.0M	139.6M	150.1M	142.6M	74.3M
Net Debt	865.4M	878.7M	1.5B	2.3B	2.8B	2.9B
Retained Earnings	171.1M	247.3M	395.2M	426.4M	610.7M	641.2M
Accounts Payable	41.4M	46.1M	57.1M	51.1M	85.3M	89.5M
Non Current Assets Total	227.9M	248.5M	581.6M	609.6M	582.1M	611.2M
Non Currrent Assets Other	21.7M	14.8M	(2.6B)	(3.2B)	(4.1B)	(3.9B)
Net Receivables	1.0B	1.1B	1.9B	2.6B	3.4B	3.6B
Common Stock Shares Outstanding	16.1M	15.8M	16.8M	16.6M	17.1M	11.2M
Liabilities And Stockholders Equity	1.3B	1.5B	2.6B	3.3B	4.2B	4.4B
Non Current Liabilities Total	821.2M	780.2M	1.7B	2.2B	3.0B	3.1B
Other Current Assets	(1.1B)	(1.3B)	(2.0B)	38.5M	(3.6B)	(3.4B)
Other Stockholder Equity	(150.8M)	(227.6M)	(372.7M)	(404.9M)	(585.8M)	(556.5M)
Total Liab	986.2M	1.1B	1.8B	2.4B	3.1B	3.3B
Property Plant And Equipment Gross	117.9M	127.0M	174.6M	203.5M	204.9M	215.2M
Total Current Assets	1.1B	1.3B	2.0B	2.7B	3.6B	3.8B
Accumulated Other Comprehensive Income	(915K)	(5.3M)	8.6M	2.8M	(9.7M)	(10.2M)
Short Term Debt	115M	198.3M	292.8M	148.6M	2.8B	3.0B
Other Current Liab	553K	23.2M	(246.1M)	25.1M	(2.8B)	(2.6B)
Cash	46.3M	63.0M	82.9M	32.5M	120.4M	126.4M
Cash And Short Term Investments	46.3M	63.0M	82.9M	32.5M	120.4M	126.4M
Intangible Assets	17.7M	25.2M	159.7M	138.8M	124.9M	131.2M
Current Deferred Revenue	8.1M	10.6M	11.4M	28.7M	27.0M	28.3M
Common Stock Total Equity	85.9M	138.1M	142.0M	181.8M	209.0M	114.1M
Common Stock	142.0M	181.8M	363.5M	419.0M	428.3M	449.7M
Other Liab	8.1M	10.6M	50.0M	53.4M	61.4M	64.4M
Net Tangible Assets	293.4M	397.0M	449.3M	550.0M	632.5M	664.1M
Other Assets	64.8M	53.6M	47.2M	48.4M	43.6M	47.7M
Long Term Debt	744.1M	689.4M	1.1B	2.1B	2.8B	3.0B
Property Plant Equipment	69.2M	77.7M	92.4M	150.1M	172.6M	181.2M
Long Term Debt Total	796.7M	743.3M	1.2B	2.2B	2.5B	2.6B
Capital Surpluse	20.3M	19.7M	22.6M	21.5M	24.7M	18.6M
Net Invested Capital	1.2B	1.3B	2.3B	3.1B	3.9B	2.1B
Net Working Capital	926.8M	975.4M	1.6B	2.4B	3.4B	3.6B

Pair Trading with Goeasy

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

Moving against Goeasy Stock

0.6	WMT	Walmart Inc CDR	Pair Corr
0.51	TSLA	Tesla Inc CDR	Pair Corr
0.44	AMZN	Amazon CDR	Pair Corr

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

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

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

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Goeasy Capex To Revenue vs Free Cash Flow Yield Analysis

Capex To Revenue vs Free Cash Flow Yield

Capex To Revenue vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Capex To Revenue

Free Cash Flow Yield

Goeasy fundamental ratios Correlations

Goeasy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Goeasy fundamental ratios Accounts

Pair Trading with Goeasy

Moving against Goeasy Stock

Other Information on Investing in Goeasy Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets

Other Current Liab	- 0.99	Short Term Debt
Total Current Assets	- 0.99	Other Stockholder Equity
Other Stockholder Equity	- 0.99	Net Receivables
Good Will	- 0.99	Non Currrent Assets Other
Other Stockholder Equity	- 0.99	Total Assets
Total Liab	- 0.98	Other Stockholder Equity