Savaria Total Operating Expenses vs Ebit Analysis

SIS Stock

CAD 22.72 0.09 0.39%

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 Total Operating Expenses and its Ebit 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.

Total Operating Expenses vs Ebit

Total Operating Expenses vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Savaria Total Operating Expenses account and Ebit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Savaria's Total Operating Expenses and Ebit is 0.97. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Ebit in the same time period over historical financial statements of Savaria, assuming nothing else is changed. The correlation between historical values of Savaria's Total Operating Expenses and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Savaria are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Total Operating Expenses i.e., Savaria's Total Operating Expenses and Ebit go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Ebit

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 23rd 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

Interest Expense Depreciation And Amortization

Savaria fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	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	Short Term Investments	Intangible Assets
Total Assets		0.97	0.96	1.0	0.98	0.95	0.98	0.95	-0.5	0.99	0.77	1.0	0.36	0.77	0.99	0.83	0.98	0.99	0.94	0.91	0.99	0.99	0.99	0.94	-0.19	0.99
Short Long Term Debt Total	0.97		0.95	0.98	0.91	0.89	0.92	0.99	-0.62	0.99	0.71	0.98	0.3	0.71	0.95	0.79	1.0	0.94	0.96	0.84	1.0	0.94	0.95	0.92	-0.01	0.99
Other Current Liab	0.96	0.95		0.98	0.94	0.9	0.94	0.93	-0.5	0.95	0.72	0.96	0.22	0.72	0.95	0.81	0.95	0.96	0.98	0.88	0.96	0.95	0.96	0.88	-0.28	0.95
Total Current Liabilities	1.0	0.98	0.98		0.97	0.95	0.98	0.96	-0.52	0.99	0.76	1.0	0.33	0.76	0.99	0.82	0.98	0.99	0.95	0.9	0.99	0.98	0.99	0.94	-0.21	0.99
Total Stockholder Equity	0.98	0.91	0.94	0.97		0.96	0.99	0.88	-0.38	0.96	0.8	0.97	0.39	0.8	0.99	0.83	0.92	0.99	0.89	0.92	0.94	0.99	0.99	0.91	-0.33	0.95
Property Plant And Equipment Net	0.95	0.89	0.9	0.95	0.96		0.97	0.86	-0.24	0.92	0.77	0.94	0.41	0.77	0.96	0.88	0.9	0.97	0.84	0.93	0.92	0.98	0.96	0.87	-0.26	0.93
Current Deferred Revenue	0.98	0.92	0.94	0.98	0.99	0.97		0.89	-0.39	0.95	0.77	0.97	0.44	0.77	0.98	0.84	0.93	0.99	0.9	0.94	0.95	0.99	0.99	0.92	-0.31	0.95
Net Debt	0.95	0.99	0.93	0.96	0.88	0.86	0.89		-0.66	0.97	0.62	0.96	0.27	0.62	0.93	0.75	0.99	0.92	0.96	0.81	0.99	0.91	0.91	0.9	0.03	0.98
Retained Earnings	-0.5	-0.62	-0.5	-0.52	-0.38	-0.24	-0.39	-0.66		-0.57	-0.19	-0.53	0.0	-0.19	-0.49	-0.13	-0.6	-0.4	-0.59	-0.23	-0.58	-0.39	-0.43	-0.55	-0.27	-0.55
Accounts Payable	0.99	0.99	0.95	0.99	0.96	0.92	0.95	0.97	-0.57		0.75	0.99	0.31	0.75	0.99	0.8	0.99	0.97	0.93	0.87	0.99	0.97	0.98	0.94	-0.11	0.99
Cash	0.77	0.71	0.72	0.76	0.8	0.77	0.77	0.62	-0.19	0.75		0.75	0.38	1.0	0.75	0.75	0.72	0.77	0.64	0.77	0.73	0.77	0.83	0.77	-0.22	0.73
Non Current Assets Total	1.0	0.98	0.96	1.0	0.97	0.94	0.97	0.96	-0.53	0.99	0.75		0.35	0.75	0.99	0.82	0.98	0.99	0.95	0.9	0.99	0.98	0.99	0.93	-0.16	1.0
Non Currrent Assets Other	0.36	0.3	0.22	0.33	0.39	0.41	0.44	0.27	0.0	0.31	0.38	0.35		0.39	0.35	0.34	0.31	0.37	0.24	0.44	0.32	0.37	0.37	0.48	0.02	0.35
Cash And Short Term Investments	0.77	0.71	0.72	0.76	0.8	0.77	0.77	0.62	-0.19	0.75	1.0	0.75	0.39		0.75	0.75	0.72	0.77	0.64	0.77	0.73	0.77	0.83	0.77	-0.22	0.73
Net Receivables	0.99	0.95	0.95	0.99	0.99	0.96	0.98	0.93	-0.49	0.99	0.75	0.99	0.35	0.75		0.81	0.96	0.99	0.92	0.9	0.97	0.99	0.99	0.94	-0.24	0.98
Common Stock Shares Outstanding	0.83	0.79	0.81	0.82	0.83	0.88	0.84	0.75	-0.13	0.8	0.75	0.82	0.34	0.75	0.81		0.8	0.85	0.77	0.95	0.81	0.85	0.85	0.74	-0.16	0.82
Non Current Liabilities Total	0.98	1.0	0.95	0.98	0.92	0.9	0.93	0.99	-0.6	0.99	0.72	0.98	0.31	0.72	0.96	0.8		0.95	0.95	0.85	1.0	0.95	0.96	0.92	-0.02	0.99
Inventory	0.99	0.94	0.96	0.99	0.99	0.97	0.99	0.92	-0.4	0.97	0.77	0.99	0.37	0.77	0.99	0.85	0.95		0.92	0.93	0.97	1.0	0.99	0.92	-0.28	0.97
Other Current Assets	0.94	0.96	0.98	0.95	0.89	0.84	0.9	0.96	-0.59	0.93	0.64	0.95	0.24	0.64	0.92	0.77	0.95	0.92		0.83	0.96	0.9	0.92	0.87	-0.17	0.95
Other Stockholder Equity	0.91	0.84	0.88	0.9	0.92	0.93	0.94	0.81	-0.23	0.87	0.77	0.9	0.44	0.77	0.9	0.95	0.85	0.93	0.83		0.87	0.93	0.92	0.85	-0.34	0.88
Total Liab	0.99	1.0	0.96	0.99	0.94	0.92	0.95	0.99	-0.58	0.99	0.73	0.99	0.32	0.73	0.97	0.81	1.0	0.97	0.96	0.87		0.96	0.97	0.93	-0.07	1.0
Property Plant And Equipment Gross	0.99	0.94	0.95	0.98	0.99	0.98	0.99	0.91	-0.39	0.97	0.77	0.98	0.37	0.77	0.99	0.85	0.95	1.0	0.9	0.93	0.96		0.99	0.91	-0.26	0.97
Total Current Assets	0.99	0.95	0.96	0.99	0.99	0.96	0.99	0.91	-0.43	0.98	0.83	0.99	0.37	0.83	0.99	0.85	0.96	0.99	0.92	0.92	0.97	0.99		0.94	-0.26	0.97
Short Term Debt	0.94	0.92	0.88	0.94	0.91	0.87	0.92	0.9	-0.55	0.94	0.77	0.93	0.48	0.77	0.94	0.74	0.92	0.92	0.87	0.85	0.93	0.91	0.94		-0.17	0.93
Short Term Investments	-0.19	-0.01	-0.28	-0.21	-0.33	-0.26	-0.31	0.03	-0.27	-0.11	-0.22	-0.16	0.02	-0.22	-0.24	-0.16	-0.02	-0.28	-0.17	-0.34	-0.07	-0.26	-0.26	-0.17		-0.08
Intangible Assets	0.99	0.99	0.95	0.99	0.95	0.93	0.95	0.98	-0.55	0.99	0.73	1.0	0.35	0.73	0.98	0.82	0.99	0.97	0.95	0.88	1.0	0.97	0.97	0.93	-0.08

Click cells to compare fundamentals

Savaria Account Relationship Matchups

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	14.9M	15.6M	34.6M	57.7M	42.7M	44.9M
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	811K	1.0M
Cash And Short Term Investments	39.7M	54.2M	63.5M	44.7M	54.1M	56.8M
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	20.5M	36.1M	22.3M	23.4M
Other Stockholder Equity	5.9M	6.4M	7.0M	8.2M	9.6M	5.7M
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.

Moving together with Savaria Stock

0.86	CTF-UN	Citadel Income	Pair Corr
0.68	NVDA	NVIDIA CDR	Pair Corr

Moving against Savaria Stock

0.67

DELX

DelphX Capital Markets Earnings Call This Week

Pair Corr

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.

Pair Correlation Correlation Matching

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.

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Savaria Total Operating Expenses vs Ebit Analysis

Total Operating Expenses vs Ebit

Total Operating Expenses vs Ebit Correlation Analysis

Correlation Coefficient

Total Operating Expenses

Ebit

Savaria fundamental ratios Correlations

Savaria Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Savaria fundamental ratios Accounts

Pair Trading with Savaria

Moving together with Savaria Stock

Moving against Savaria Stock

Other Information on Investing in Savaria Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash

Retained Earnings	- 0.66	Net Debt
Retained Earnings	- 0.62	Short Long Term Debt Total
Non Current Liabilities Total	- 0.6	Retained Earnings
Other Current Assets	- 0.59	Retained Earnings
Total Liab	- 0.58	Retained Earnings
Accounts Payable	- 0.57	Retained Earnings