Savaria Payables Turnover vs Payout Ratio Analysis
| SIS Stock | CAD 21.21 0.22 1.05% |
Savaria financial indicator trend analysis is much more than just breaking down Savaria prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Savaria is a good investment. Please check the relationship between Savaria Payables Turnover and its Payout Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Savaria. 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.
Payables Turnover vs Payout Ratio
Payables Turnover vs Payout Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Savaria Payables Turnover account and Payout Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Savaria's Payables Turnover and Payout Ratio is -0.4. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Savaria, assuming nothing else is changed. The correlation between historical values of Savaria's Payables Turnover 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 Payables Turnover of Savaria 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 Payables Turnover i.e., Savaria's Payables Turnover and Payout Ratio go up and down completely randomly.
Correlation Coefficient | -0.4 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Payout Ratio
Payout Ratio is the proportion of Savaria 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 Savaria dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Savaria is paying out more in dividends than it makes in net income.Most indicators from Savaria's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Savaria 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Savaria. 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, Savaria's Selling General Administrative is very stable compared to the past year. As of the 30th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.26, while Tax Provision is likely to drop about 7.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 11.9M | 16.4M | 24.4M | 25.6M | Depreciation And Amortization | 49.3M | 49.1M | 49.1M | 51.6M |
Savaria fundamental ratios Correlations
Click cells to compare fundamentals
Savaria Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Savaria fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 439.0M | 453.3M | 1.1B | 1.1B | 1.1B | 1.2B | |
| Short Long Term Debt Total | 79.2M | 78.0M | 432.3M | 410.1M | 319.4M | 335.4M | |
| Other Current Liab | 6.4M | 5.8M | 63.2M | 44.1M | 36.6M | 38.4M | |
| Total Current Liabilities | 67.9M | 68.1M | 166.4M | 182.4M | 170.5M | 179.1M | |
| Total Stockholder Equity | 270.1M | 279.7M | 434.6M | 453.0M | 549M | 576.5M | |
| Property Plant And Equipment Net | 73.2M | 71.1M | 106.1M | 101.0M | 100.8M | 105.9M | |
| Current Deferred Revenue | 23.0M | 24.1M | 35.4M | 40.8M | 41.9M | 44.0M | |
| Net Debt | 39.5M | 23.9M | 368.8M | 365.3M | 265.3M | 278.6M | |
| Retained Earnings | 17.1M | 19.8M | (5.6M) | (2.9M) | (3.2M) | (3.0M) | |
| Accounts Payable | 23.8M | 23.5M | 85.4M | 74.6M | 76M | 79.8M | |
| Cash | 39.7M | 54.2M | 63.5M | 44.7M | 54.1M | 56.8M | |
| Non Current Assets Total | 272.4M | 271.6M | 786.2M | 782.6M | 763.9M | 802.1M | |
| Non Currrent Assets Other | 1.9M | 1.5M | 1.4M | 721K | 7.0M | 7.3M | |
| Cash And Short Term Investments | 39.7M | 54.2M | 63.5M | 44.7M | 54.3M | 57.0M | |
| Net Receivables | 48.8M | 47.8M | 108.2M | 102.2M | 117.5M | 123.3M | |
| Common Stock Shares Outstanding | 48.7M | 50.9M | 62.2M | 64.5M | 66.5M | 37.1M | |
| Liabilities And Stockholders Equity | 439.0M | 453.3M | 1.1B | 1.1B | 1.1B | 1.2B | |
| Non Current Liabilities Total | 101.0M | 105.5M | 505.9M | 474.6M | 382.0M | 401.1M | |
| Inventory | 72.4M | 75.3M | 128.5M | 144.3M | 143.9M | 151.1M | |
| Other Current Assets | 5.7M | 4.4M | 15.9M | 36.1M | 22.3M | 23.4M | |
| Other Stockholder Equity | 5.9M | 6.4M | 7.0M | 8.2M | 9.6M | 5.2M | |
| Total Liab | 169.0M | 173.6M | 672.3M | 657.0M | 552.6M | 580.2M | |
| Property Plant And Equipment Gross | 73.2M | 71.1M | 129.7M | 132.0M | 138.5M | 145.4M | |
| Total Current Assets | 166.6M | 181.7M | 320.7M | 327.3M | 337.7M | 354.6M | |
| Short Term Debt | 6.2M | 4.8M | 11.0M | 9.3M | 9.9M | 10.4M | |
| Accumulated Other Comprehensive Income | (5.1M) | (1.8M) | (19.8M) | (8.8M) | (8.7M) | (8.3M) | |
| Intangible Assets | 71.4M | 67.5M | 258.3M | 236.9M | 214.0M | 224.7M | |
| Good Will | 119.8M | 120.8M | 400.8M | 412.2M | 414.3M | 435.0M | |
| Common Stock Total Equity | 120.4M | 179.3M | 252.2M | 255.3M | 293.6M | 308.3M | |
| Common Stock | 252.2M | 255.3M | 453.0M | 456.4M | 551.4M | 578.9M | |
| Other Liab | 27.3M | 29.3M | 83.5M | 73.8M | 84.9M | 89.1M | |
| Net Tangible Assets | 78.8M | 91.4M | (224.5M) | (196.2M) | (176.6M) | (167.8M) | |
| Other Assets | 8.0M | 12.3M | 21.0M | 32.5M | 37.4M | 39.3M | |
| Long Term Debt | 49.1M | 49.8M | 378.9M | 365.7M | 276.8M | 290.6M | |
| Short Long Term Debt | 2.8M | 1.1M | 1.1M | 1.2M | 1.2M | 1.1M | |
| Property Plant Equipment | 73.2M | 71.1M | 106.1M | 101.0M | 116.1M | 121.9M | |
| Long Term Debt Total | 97.3M | 72.9M | 73.2M | 421.4M | 484.6M | 508.8M | |
| Capital Surpluse | 4.4M | 5.9M | 6.4M | 7.0M | 8.1M | 5.0M |
Pair Trading with Savaria
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 Savaria 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 Savaria will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Savaria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Savaria 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 Savaria - 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 Savaria to buy it.
The correlation of Savaria 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 Savaria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Savaria 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 Savaria 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 Savaria Stock
Balance Sheet is a snapshot of the financial position of Savaria at a specified time, usually calculated after every quarter, six months, or one year. Savaria Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Savaria 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 Savaria currently owns. An asset can also be divided into two categories, current and non-current.