Leons Dividend Yield vs Roe Analysis
LNF Stock | CAD 26.70 0.14 0.53% |
Leons Furniture financial indicator trend analysis is infinitely more than just investigating Leons Furniture recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Leons Furniture is a good investment. Please check the relationship between Leons Furniture Dividend Yield and its Roe accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leons Furniture Limited. 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.
Dividend Yield vs Roe
Dividend Yield vs Roe Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Leons Furniture Dividend Yield account and Roe. At this time, the significance of the direction appears to have strong relationship.
The correlation between Leons Furniture's Dividend Yield and Roe is 0.7. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Roe in the same time period over historical financial statements of Leons Furniture Limited, assuming nothing else is changed. The correlation between historical values of Leons Furniture's Dividend Yield and Roe is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividend Yield of Leons Furniture Limited are associated (or correlated) with its Roe. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roe has no effect on the direction of Dividend Yield i.e., Leons Furniture's Dividend Yield and Roe go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Dividend Yield
Dividend Yield is Leons Furniture Limited dividend as a percentage of Leons Furniture stock price. Leons Furniture dividend yield is a measure of Leons Furniture stock productivity, which can be interpreted as interest rate earned on an Leons Furniture 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.Roe
Most indicators from Leons Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Leons Furniture 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 Leons Furniture Limited. 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, Leons Furniture's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Tax Provision is likely to grow to about 46.8 M, while Sales General And Administrative To Revenue is likely to drop 0.16.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.1B | 1.1B | 1.1B | 570.4M | Total Revenue | 2.5B | 2.5B | 2.5B | 1.3B |
Leons Furniture fundamental ratios Correlations
Click cells to compare fundamentals
Leons Furniture Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Leons Furniture fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.1B | 2.4B | 2.5B | 2.2B | 2.2B | 1.1B | |
Short Long Term Debt Total | 556.5M | 491.1M | 456.3M | 557.2M | 453.9M | 402.5M | |
Other Current Liab | 153.8M | 214.5M | 469.6M | 148.4M | 159.2M | 167.2M | |
Total Current Liabilities | 571.0M | 820.7M | 1.2B | 610.2M | 622.1M | 335.8M | |
Total Stockholder Equity | 915.8M | 1.0B | 791.2M | 928.9M | 1.0B | 535.2M | |
Property Plant And Equipment Net | 720.8M | 714.4M | 657.8M | 608.5M | 651.8M | 327.4M | |
Net Debt | 467.5M | 122.5M | 74.1M | 442.1M | 371.2M | 389.7M | |
Retained Earnings | 793.1M | 842.6M | 627.2M | 762.9M | 856.9M | 479.1M | |
Accounts Payable | 134.0M | 171.6M | 145.3M | 141.2M | 151.6M | 122.0M | |
Cash | 89.0M | 368.6M | 382.1M | 115.1M | 82.7M | 79.0M | |
Non Current Assets Total | 1.4B | 1.4B | 1.4B | 1.3B | 1.4B | 1.5B | |
Non Currrent Assets Other | 11.6M | 17.6M | 19.9M | 21.9M | 22.6M | 23.8M | |
Cash And Short Term Investments | 197.2M | 490.8M | 490.0M | 226.0M | 187.1M | 169.4M | |
Net Receivables | 144.1M | 134.8M | 162.3M | 188.7M | 204.9M | 215.2M | |
Common Stock Shares Outstanding | 83.7M | 82.1M | 79.1M | 68.2M | 68.7M | 62.6M | |
Liabilities And Stockholders Equity | 2.1B | 2.4B | 2.5B | 2.2B | 2.2B | 1.1B | |
Non Current Liabilities Total | 643.2M | 581.8M | 462.2M | 654.5M | 571.2M | 599.8M | |
Inventory | 334.4M | 332.1M | 395.6M | 410.6M | 416.6M | 437.4M | |
Other Stockholder Equity | 3.5M | 31K | 14.0M | 3.4M | 3.0M | 2.9M | |
Total Liab | 1.2B | 1.4B | 1.7B | 1.3B | 1.2B | 1.3B | |
Property Plant And Equipment Gross | 720.8M | 714.4M | 1.5B | 1.5B | 1.6B | 1.7B | |
Total Current Assets | 698.3M | 982.0M | 1.1B | 851.9M | 835.1M | 456.1M | |
Accumulated Other Comprehensive Income | 3.4M | 8.7M | 14.0M | 3.4M | 6.8M | 7.1M | |
Short Term Debt | 95.6M | 73.5M | 164.9M | 81.9M | 82.6M | 70.4M | |
Current Deferred Revenue | 187.5M | 361.2M | 419.9M | 238.7M | 228.6M | 240.0M | |
Short Term Investments | 108.1M | 122.2M | 107.8M | 110.8M | 104.4M | 97.6M | |
Other Current Assets | 625K | 24.3M | 27.4M | 26.6M | 12.6M | 9.0M | |
Common Stock Total Equity | 93.4M | 112.0M | 115.7M | 164.7M | 189.4M | 198.8M | |
Common Stock | 115.7M | 164.7M | 150.0M | 162.6M | 164.9M | 90.3M | |
Intangible Assets | 271.8M | 270.5M | 270.2M | 269.7M | 271.2M | 225.3M | |
Other Liab | 167.6M | 164.2M | 170.8M | 179.2M | 161.3M | 152.2M | |
Net Tangible Assets | 253.8M | 355.4M | 130.9M | 269.0M | 309.4M | 324.8M | |
Other Assets | 44.7M | 45.3M | 44.9M | 38.6M | 44.4M | 35.4M | |
Long Term Debt | 118.8M | 90.4M | 0.0 | 226.9M | 92.5M | 163.8M | |
Deferred Long Term Liab | 16.9M | 17.6M | 19.9M | 21.9M | 25.2M | 16.2M | |
Property Plant Equipment | 737.4M | 730.6M | 672.7M | 608.5M | 699.7M | 533.3M | |
Long Term Debt Total | 460.9M | 417.7M | 291.3M | 475.3M | 546.6M | 359.3M | |
Capital Lease Obligations | 412.7M | 400.7M | 366.3M | 322.9M | 353.9M | 259.6M |
Pair Trading with Leons Furniture
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 Leons Furniture 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 Leons Furniture will appreciate offsetting losses from the drop in the long position's value.Moving against Leons Stock
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The ability to find closely correlated positions to Leons Furniture could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leons Furniture 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 Leons Furniture - 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 Leons Furniture Limited to buy it.
The correlation of Leons Furniture 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 Leons Furniture moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Leons Furniture 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 Leons Furniture 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 Leons Stock
Balance Sheet is a snapshot of the financial position of Leons Furniture at a specified time, usually calculated after every quarter, six months, or one year. Leons Furniture Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Leons Furniture 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 Leons currently owns. An asset can also be divided into two categories, current and non-current.