Gear Historical Financial Ratios
| GXE Stock | CAD 0.54 0.01 1.89% |
Gear Energy is recently reporting on over 89 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 1.03 or Days Sales Outstanding of 39.82 will help investors to properly organize and evaluate Gear Energy financial condition quickly.
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About Gear Financial Ratios Analysis
Gear EnergyFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Gear Energy investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Gear financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Gear Energy history.
Gear Energy Financial Ratios Chart
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Dividend Yield
Dividend Yield is Gear Energy dividend as a percentage of Gear Energy stock price. Gear Energy dividend yield is a measure of Gear Energy stock productivity, which can be interpreted as interest rate earned on an Gear Energy investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Gear Energy. There are two different methods for calculating Gear Energy invested capital: operating approach and financing approach. Understanding Gear Energy invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Payout Ratio
Payout Ratio is the proportion of Gear Energy 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 Gear Energy dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Gear Energy is paying out more in dividends than it makes in net income.Most ratios from Gear Energy's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Gear Energy current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Gear Energy. 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, Gear Energy's Capex To Depreciation is very stable compared to the past year. As of the 30th of November 2024, PB Ratio is likely to grow to 1.03, while Stock Based Compensation To Revenue is likely to drop 0.01.
| 2023 | 2024 (projected) | Dividend Yield | 0.15 | 0.088 | Price To Sales Ratio | 1.13 | 1.65 |
Gear Energy fundamentals Correlations
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Gear Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gear Energy fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.78 | 0.95 | 1.75 | 1.57 | 1.13 | 1.65 | |
| Ptb Ratio | 0.56 | 0.59 | 1.14 | 1.17 | 0.71 | 1.03 | |
| Days Sales Outstanding | 31.37 | 47.91 | 35.03 | 24.7 | 30.46 | 39.82 | |
| Book Value Per Share | 0.83 | 0.48 | 0.8 | 0.97 | 0.9 | 1.49 | |
| Free Cash Flow Yield | 0.12 | 0.29 | 0.1 | 0.13 | 0.0912 | 0.0958 | |
| Operating Cash Flow Per Share | 0.23 | 0.14 | 0.21 | 0.35 | 0.24 | 0.41 | |
| Stock Based Compensation To Revenue | 0.00494 | 0.007255 | 0.00386 | 0.005633 | 0.009495 | 0.00902 | |
| Capex To Depreciation | 0.6 | 0.15 | 6.68 | 1.35 | 1.1 | 1.38 | |
| Pb Ratio | 0.56 | 0.59 | 1.14 | 1.17 | 0.71 | 1.03 | |
| Ev To Sales | 1.36 | 2.0 | 1.96 | 1.61 | 1.27 | 2.31 | |
| Free Cash Flow Per Share | 0.0583 | 0.0821 | 0.0925 | 0.15 | 0.0584 | 0.0613 | |
| Roic | 0.14 | (0.11) | 0.25 | 0.28 | 0.0387 | 0.0372 | |
| Inventory Turnover | 9.95 | 6.98 | 7.47 | 7.61 | 9.11 | 9.85 | |
| Net Income Per Share | (0.0259) | (0.36) | 0.32 | 0.29 | 0.0328 | 0.0344 | |
| Days Of Inventory On Hand | 36.67 | 52.26 | 48.84 | 47.94 | 40.08 | 35.46 | |
| Payables Turnover | 4.86 | 6.27 | 4.24 | 3.23 | 4.18 | 5.06 | |
| Sales General And Administrative To Revenue | 0.0467 | 0.15 | 0.082 | 0.0846 | 0.058 | 0.0953 | |
| Pocfratio | 2.06 | 2.04 | 4.36 | 3.27 | 2.63 | 2.5 | |
| Interest Coverage | 2.4 | (2.33) | 7.51 | 19.75 | 5.21 | 5.48 | |
| Capex To Operating Cash Flow | 1.06 | 0.74 | 0.41 | 0.56 | 0.76 | 0.72 | |
| Pfcf Ratio | 8.07 | 3.47 | 9.84 | 7.49 | 10.96 | 11.51 | |
| Days Payables Outstanding | 75.13 | 58.25 | 86.18 | 113.07 | 87.4 | 68.62 | |
| Income Quality | (8.78) | (0.39) | 0.64 | 1.2 | 7.41 | 7.78 | |
| Roe | (0.0312) | (0.74) | 0.4 | 0.3 | 0.0363 | 0.0381 | |
| Ev To Operating Cash Flow | 3.61 | 4.31 | 4.87 | 3.35 | 2.97 | 2.82 | |
| Pe Ratio | (18.11) | (0.8) | 2.81 | 3.92 | 19.51 | 11.03 | |
| Return On Tangible Assets | (0.0157) | (0.29) | 0.25 | 0.21 | 0.0253 | 0.0266 | |
| Ev To Free Cash Flow | 14.1 | 7.33 | 10.99 | 7.67 | 12.34 | 12.96 | |
| Earnings Yield | (0.0552) | (1.25) | 0.36 | 0.26 | 0.0513 | 0.0538 | |
| Net Debt To E B I T D A | 1.42 | (4.27) | 0.3 | 0.0663 | 0.31 | 0.33 | |
| Current Ratio | 1.4 | 0.66 | 1.24 | 1.03 | 0.96 | 0.62 | |
| Tangible Book Value Per Share | 0.83 | 0.48 | 0.8 | 0.97 | 0.9 | 1.49 | |
| Receivables Turnover | 11.64 | 7.62 | 10.42 | 14.78 | 11.98 | 8.86 | |
| Graham Number | 0.7 | 1.97 | 2.41 | 2.51 | 0.82 | 0.78 | |
| Shareholders Equity Per Share | 0.83 | 0.48 | 0.8 | 0.97 | 0.9 | 1.49 | |
| Capex Per Share | 0.2 | 0.17 | 0.0575 | 0.12 | 0.19 | 0.18 |
Pair Trading with Gear Energy
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 Gear Energy 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 Gear Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Gear Stock
| 0.78 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.76 | ENS | E Split Corp | PairCorr |
| 0.72 | ENS-PA | E Split Corp | PairCorr |
| 0.41 | ENB-PFU | Enbridge Pref L | PairCorr |
The ability to find closely correlated positions to Gear Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gear Energy 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 Gear Energy - 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 Gear Energy to buy it.
The correlation of Gear Energy 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 Gear Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gear Energy 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 Gear Energy 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 Gear Stock
Gear EnergyFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Gear Energy investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Gear financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Gear Energy history.