Lassonde Current Deferred Revenue vs Common Stock Shares Outstanding Analysis

LAS-A Stock  CAD 177.00  1.00  0.56%   
Lassonde Industries financial indicator trend analysis is infinitely more than just investigating Lassonde Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lassonde Industries is a good investment. Please check the relationship between Lassonde Industries Current Deferred Revenue and its Common Stock Shares Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lassonde Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Current Deferred Revenue vs Common Stock Shares Outstanding

Current Deferred Revenue vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lassonde Industries Current Deferred Revenue account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak relationship.
The correlation between Lassonde Industries' Current Deferred Revenue and Common Stock Shares Outstanding is 0.37. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Lassonde Industries, assuming nothing else is changed. The correlation between historical values of Lassonde Industries' Current Deferred Revenue and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Lassonde Industries are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Current Deferred Revenue i.e., Lassonde Industries' Current Deferred Revenue and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.37
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Lassonde Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lassonde Industries 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lassonde Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
At this time, Lassonde Industries' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 5.77 in 2024, whereas Selling General Administrative is likely to drop slightly above 373.2 M in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue1.9B2.2B2.3B2.4B
Depreciation And Amortization59.5M59.5M63.3M66.4M

Lassonde Industries fundamental ratios Correlations

0.160.960.970.960.150.960.980.040.990.570.160.990.490.230.960.08-0.270.90.980.460.540.070.85-0.540.81
0.160.0-0.060.031.0-0.110.17-0.070.2-0.21-0.220.190.00.96-0.010.30.230.540.080.130.660.240.250.11-0.3
0.960.00.970.930.00.970.940.00.930.640.130.950.40.030.980.07-0.270.810.970.620.40.130.81-0.520.89
0.97-0.060.970.95-0.060.990.950.00.960.620.170.950.460.010.97-0.02-0.350.780.960.450.430.00.83-0.610.87
0.960.030.930.950.020.960.930.240.940.580.340.950.510.120.930.13-0.210.850.970.350.330.060.73-0.440.89
0.151.00.0-0.060.02-0.110.16-0.120.2-0.23-0.290.18-0.010.95-0.020.320.250.530.080.160.670.260.250.09-0.3
0.96-0.110.970.990.96-0.110.930.060.940.610.210.930.44-0.030.960.02-0.310.760.950.450.360.030.81-0.560.9
0.980.170.940.950.930.160.930.050.960.650.160.980.470.230.950.13-0.230.890.970.460.520.140.82-0.480.76
0.04-0.070.00.00.24-0.120.060.05-0.020.20.820.070.190.030.010.420.40.110.14-0.36-0.430.27-0.280.520.19
0.990.20.930.960.940.20.940.96-0.020.480.10.970.480.270.920.06-0.280.90.940.420.610.020.88-0.570.76
0.57-0.210.640.620.58-0.230.610.650.20.480.40.630.36-0.210.72-0.09-0.340.410.70.31-0.030.150.32-0.390.63
0.16-0.220.130.170.34-0.290.210.160.820.10.40.210.42-0.110.22-0.13-0.20.120.25-0.39-0.37-0.2-0.140.20.32
0.990.190.950.950.950.180.930.980.070.970.630.210.520.250.960.06-0.30.910.980.450.530.060.81-0.530.8
0.490.00.40.460.51-0.010.440.470.190.480.360.420.52-0.030.48-0.2-0.390.470.48-0.090.06-0.320.09-0.350.37
0.230.960.030.010.120.95-0.030.230.030.27-0.21-0.110.25-0.030.030.30.210.580.13-0.010.70.180.330.11-0.22
0.96-0.010.980.970.93-0.020.960.950.010.920.720.220.960.480.03-0.04-0.390.80.980.530.370.030.77-0.560.88
0.080.30.07-0.020.130.320.020.130.420.06-0.09-0.130.06-0.20.3-0.040.920.260.120.14-0.030.82-0.050.480.05
-0.270.23-0.27-0.35-0.210.25-0.31-0.230.4-0.28-0.34-0.2-0.3-0.390.21-0.390.92-0.07-0.24-0.02-0.20.78-0.30.65-0.24
0.90.540.810.780.850.530.760.890.110.90.410.120.910.470.580.80.26-0.070.870.40.640.190.75-0.330.6
0.980.080.970.960.970.080.950.970.140.940.70.250.980.480.130.980.12-0.240.870.50.390.140.76-0.470.87
0.460.130.620.450.350.160.450.46-0.360.420.31-0.390.45-0.09-0.010.530.14-0.020.40.50.290.420.51-0.20.4
0.540.660.40.430.330.670.360.52-0.430.61-0.03-0.370.530.060.70.37-0.03-0.20.640.390.29-0.070.77-0.460.08
0.070.240.130.00.060.260.030.140.270.020.15-0.20.06-0.320.180.030.820.780.190.140.42-0.070.030.420.05
0.850.250.810.830.730.250.810.82-0.280.880.32-0.140.810.090.330.77-0.05-0.30.750.760.510.770.03-0.570.57
-0.540.11-0.52-0.61-0.440.09-0.56-0.480.52-0.57-0.390.2-0.53-0.350.11-0.560.480.65-0.33-0.47-0.2-0.460.42-0.57-0.43
0.81-0.30.890.870.89-0.30.90.760.190.760.630.320.80.37-0.220.880.05-0.240.60.870.40.080.050.57-0.43
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Lassonde Industries Account Relationship Matchups

Lassonde Industries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.3B1.4B1.4B1.6B1.7B1.7B
Short Long Term Debt Total277.5M215.5M180.5M253.8M214.6M150.9M
Total Current Liabilities253.4M290.2M370.3M418.6M372.2M390.8M
Total Stockholder Equity680.8M739.6M808.4M877.2M922.6M968.7M
Property Plant And Equipment Net334.5M390.5M384.4M400.0M500.8M525.9M
Net Debt275.7M208.7M180.2M251.1M194.7M144.7M
Retained Earnings566.3M638.8M703.1M735.0M800.8M840.8M
Accounts Payable157.2M166.2M173.1M225.7M219.2M230.2M
Cash1.8M6.8M305K2.7M19.8M20.8M
Non Current Assets Total895.5M941.0M929.8M966.0M1.0B1.1B
Non Currrent Assets Other871K1.2M1.2M32.0M22.8M23.9M
Cash And Short Term Investments1.8M6.8M305K2.7M19.8M20.8M
Net Receivables145.6M161.6M167.3M200.3M203.6M213.8M
Common Stock Shares Outstanding6.9M6.9M6.9M6.9M6.8M7.5M
Liabilities And Stockholders Equity1.3B1.4B1.4B1.6B1.7B1.7B
Non Current Liabilities Total322.0M295.7M183.8M248.6M297.6M166.6M
Inventory258.8M260.6M309.7M414.0M386.6M405.9M
Other Current Assets8.6M11.7M12.4M21.8M26.6M27.9M
Total Liab575.4M585.9M554.1M667.1M669.8M703.3M
Total Current Assets414.8M440.6M489.7M638.8M636.6M668.5M
Accumulated Other Comprehensive Income65.0M51.3M55.8M94.1M73.8M77.5M
Short Term Debt28.5M10.7M89.4M105.2M22.6M21.1M
Intangible Assets239.4M223.0M204.0M198.4M184.6M100.2M
Other Current Liab4.0M11.0M6.2M87.7M11.5M14.9M
Good Will304.7M309.6M308.4M328.2M320.9M180.4M
Current Deferred Revenue63.7M102.4M101.6M119.0M136.8M143.6M
Other Liab70.4M87.9M92.7M100.0M115.0M68.6M
Net Tangible Assets80.1M136.7M207.0M296.1M340.5M357.5M
Other Assets7.8M8.8M10.6M24.8M28.5M29.9M
Long Term Debt249.0M204.8M91.0M148.6M192.0M184.5M
Short Long Term Debt28.5M10.7M89.4M105.2M22.6M21.4M
Property Plant Equipment305.6M334.5M390.5M384.4M442.0M333.5M
Net Invested Capital958.2M955.1M988.9M1.1B1.1B1.1B
Net Working Capital161.4M150.4M119.4M220.2M264.5M194.6M

Pair Trading with Lassonde Industries

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 Lassonde Industries 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 Lassonde Industries will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Lassonde Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lassonde Industries 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 Lassonde Industries - 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 Lassonde Industries to buy it.
The correlation of Lassonde Industries 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 Lassonde Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lassonde Industries 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 Lassonde Industries 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 CorrelationCorrelation Matching

Additional Tools for Lassonde Stock Analysis

When running Lassonde Industries' price analysis, check to measure Lassonde Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lassonde Industries is operating at the current time. Most of Lassonde Industries' value examination focuses on studying past and present price action to predict the probability of Lassonde Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lassonde Industries' price. Additionally, you may evaluate how the addition of Lassonde Industries to your portfolios can decrease your overall portfolio volatility.