Toromont Price To Sales Ratio vs Free Cash Flow Yield Analysis

TIH Stock

CAD 116.61 0.13 0.11%

Toromont Industries financial indicator trend analysis is much more than just breaking down Toromont Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Toromont Industries is a good investment. Please check the relationship between Toromont Industries Price To Sales Ratio and its Free Cash Flow Yield accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toromont 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 board of governors.

Price To Sales Ratio vs Free Cash Flow Yield

Price To Sales Ratio vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Toromont Industries Price To Sales Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have strong relationship.

The correlation between Toromont Industries' Price To Sales Ratio and Free Cash Flow Yield is 0.64. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Toromont Industries, assuming nothing else is changed. The correlation between historical values of Toromont Industries' Price To Sales Ratio and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Toromont Industries are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Price To Sales Ratio i.e., Toromont Industries' Price To Sales Ratio and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.64

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Toromont Industries stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Toromont Industries sales, a figure that is much harder to manipulate than other Toromont Industries multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Toromont Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Toromont 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Toromont 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 board of governors.

At this time, Toromont Industries' Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value is likely to grow to about 9.5 B, while Tax Provision is likely to drop about 117.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	969.8M	1.1B	1.2B	1.3B
Total Revenue	3.9B	4.2B	4.6B	4.9B

Gross Profit Total Revenue

Toromont Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	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	Good Will	Current Deferred Revenue
Total Assets		0.9	0.36	0.96	0.97	0.99	-0.34	0.96	0.77	0.91	0.99	0.12	0.91	0.84	0.59	0.91	0.98	0.55	-0.17	0.96	0.95	0.99	0.11	-0.44	0.89	0.9
Short Long Term Debt Total	0.9		0.4	0.88	0.79	0.92	0.06	0.75	0.82	0.7	0.95	0.2	0.7	0.88	0.56	1.0	0.88	0.4	-0.2	0.97	0.76	0.85	0.02	-0.39	0.95	0.7
Other Current Liab	0.36	0.4		0.46	0.28	0.4	0.09	0.22	0.59	0.21	0.41	0.31	0.21	0.54	0.65	0.39	0.36	-0.32	-0.12	0.44	0.17	0.32	0.09	-0.55	0.33	0.03
Total Current Liabilities	0.96	0.88	0.46		0.89	0.97	-0.22	0.87	0.88	0.81	0.97	0.14	0.81	0.86	0.62	0.89	0.97	0.46	-0.14	0.97	0.86	0.94	0.12	-0.46	0.89	0.8
Total Stockholder Equity	0.97	0.79	0.28	0.89		0.95	-0.53	1.0	0.63	0.97	0.92	0.06	0.97	0.74	0.55	0.8	0.94	0.59	-0.16	0.87	0.98	0.99	0.16	-0.42	0.8	0.94
Property Plant And Equipment Net	0.99	0.92	0.4	0.97	0.95		-0.26	0.93	0.8	0.87	0.99	0.11	0.87	0.87	0.64	0.92	0.98	0.48	-0.19	0.97	0.92	0.98	0.12	-0.5	0.89	0.85
Net Debt	-0.34	0.06	0.09	-0.22	-0.53	-0.26		-0.57	0.09	-0.67	-0.2	0.21	-0.67	0.01	-0.04	0.03	-0.26	-0.52	-0.08	-0.09	-0.56	-0.44	-0.18	0.0	-0.07	-0.57
Retained Earnings	0.96	0.75	0.22	0.87	1.0	0.93	-0.57		0.59	0.97	0.9	0.05	0.97	0.7	0.49	0.77	0.92	0.65	-0.17	0.84	0.98	0.98	0.17	-0.36	0.78	0.95
Accounts Payable	0.77	0.82	0.59	0.88	0.63	0.8	0.09	0.59		0.54	0.83	0.26	0.54	0.91	0.63	0.83	0.78	0.21	-0.16	0.88	0.59	0.72	-0.04	-0.43	0.85	0.5
Cash	0.91	0.7	0.21	0.81	0.97	0.87	-0.67	0.97	0.54		0.85	0.0	1.0	0.64	0.43	0.72	0.84	0.68	-0.09	0.79	0.98	0.95	0.14	-0.29	0.75	0.94
Non Current Assets Total	0.99	0.95	0.41	0.97	0.92	0.99	-0.2	0.9	0.83	0.85		0.14	0.85	0.88	0.61	0.96	0.97	0.49	-0.2	0.99	0.9	0.96	0.09	-0.45	0.93	0.83
Non Currrent Assets Other	0.12	0.2	0.31	0.14	0.06	0.11	0.21	0.05	0.26	0.0	0.14		0.0	0.3	0.07	0.21	0.16	0.0	-0.41	0.18	0.06	0.1	-0.39	0.02	0.19	0.09
Cash And Short Term Investments	0.91	0.7	0.21	0.81	0.97	0.87	-0.67	0.97	0.54	1.0	0.85	0.0		0.64	0.43	0.72	0.84	0.68	-0.09	0.79	0.98	0.95	0.14	-0.29	0.75	0.94
Net Receivables	0.84	0.88	0.54	0.86	0.74	0.87	0.01	0.7	0.91	0.64	0.88	0.3	0.64		0.74	0.88	0.84	0.21	-0.24	0.89	0.7	0.8	0.04	-0.54	0.87	0.6
Common Stock Shares Outstanding	0.59	0.56	0.65	0.62	0.55	0.64	-0.04	0.49	0.63	0.43	0.61	0.07	0.43	0.74		0.55	0.64	-0.32	-0.05	0.6	0.49	0.57	0.13	-0.95	0.41	0.28
Non Current Liabilities Total	0.91	1.0	0.39	0.89	0.8	0.92	0.03	0.77	0.83	0.72	0.96	0.21	0.72	0.88	0.55		0.88	0.42	-0.19	0.97	0.78	0.86	-0.05	-0.38	0.95	0.72
Inventory	0.98	0.88	0.36	0.97	0.94	0.98	-0.26	0.92	0.78	0.84	0.97	0.16	0.84	0.84	0.64	0.88		0.47	-0.17	0.95	0.91	0.97	0.1	-0.51	0.85	0.86
Other Current Assets	0.55	0.4	-0.32	0.46	0.59	0.48	-0.52	0.65	0.21	0.68	0.49	0.0	0.68	0.21	-0.32	0.42	0.47		-0.09	0.45	0.64	0.58	0.01	0.46	0.58	0.79
Other Stockholder Equity	-0.17	-0.2	-0.12	-0.14	-0.16	-0.19	-0.08	-0.17	-0.16	-0.09	-0.2	-0.41	-0.09	-0.24	-0.05	-0.19	-0.17	-0.09		-0.17	-0.12	-0.15	-0.14	-0.03	-0.22	-0.09
Total Liab	0.96	0.97	0.44	0.97	0.87	0.97	-0.09	0.84	0.88	0.79	0.99	0.18	0.79	0.89	0.6	0.97	0.95	0.45	-0.17		0.84	0.93	0.03	-0.43	0.95	0.78
Property Plant And Equipment Gross	0.95	0.76	0.17	0.86	0.98	0.92	-0.56	0.98	0.59	0.98	0.9	0.06	0.98	0.7	0.49	0.78	0.91	0.64	-0.12	0.84		0.98	0.1	-0.37	0.78	0.96
Total Current Assets	0.99	0.85	0.32	0.94	0.99	0.98	-0.44	0.98	0.72	0.95	0.96	0.1	0.95	0.8	0.57	0.86	0.97	0.58	-0.15	0.93	0.98		0.12	-0.43	0.85	0.93
Short Term Debt	0.11	0.02	0.09	0.12	0.16	0.12	-0.18	0.17	-0.04	0.14	0.09	-0.39	0.14	0.04	0.13	-0.05	0.1	0.01	-0.14	0.03	0.1	0.12		-0.15	0.01	0.07
Short Term Investments	-0.44	-0.39	-0.55	-0.46	-0.42	-0.5	0.0	-0.36	-0.43	-0.29	-0.45	0.02	-0.29	-0.54	-0.95	-0.38	-0.51	0.46	-0.03	-0.43	-0.37	-0.43	-0.15		-0.19	-0.16
Good Will	0.89	0.95	0.33	0.89	0.8	0.89	-0.07	0.78	0.85	0.75	0.93	0.19	0.75	0.87	0.41	0.95	0.85	0.58	-0.22	0.95	0.78	0.85	0.01	-0.19		0.76
Current Deferred Revenue	0.9	0.7	0.03	0.8	0.94	0.85	-0.57	0.95	0.5	0.94	0.83	0.09	0.94	0.6	0.28	0.72	0.86	0.79	-0.09	0.78	0.96	0.93	0.07	-0.16	0.76

Click cells to compare fundamentals

Toromont Industries Account Relationship Matchups

Toromont Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.4B	3.3B	3.6B	4.2B	4.6B	4.8B
Short Long Term Debt Total	691.0M	712.9M	658.1M	663.2M	672.9M	706.5M
Other Current Liab	34.1M	61.1M	32.8M	48.6M	13.9M	22.7M
Total Current Liabilities	995.0M	794.2M	813.7M	1.1B	1.1B	1.1B
Total Stockholder Equity	1.5B	1.7B	2.0B	2.3B	2.7B	2.8B
Property Plant And Equipment Net	1.1B	987.7M	995.1M	1.1B	1.3B	1.3B
Net Debt	301.6M	71.7M	(258.7M)	(264.6M)	(367.9M)	(349.5M)
Retained Earnings	1.0B	1.2B	1.4B	1.7B	2.1B	2.2B
Accounts Payable	819.9M	584.0M	573.4M	691.1M	654.7M	362.9M
Cash	365.6M	591.1M	916.8M	927.8M	1.0B	1.1B
Non Current Assets Total	1.5B	1.5B	1.5B	1.6B	1.8B	1.8B
Non Currrent Assets Other	11.1M	8.3M	5.0M	29.6M	4.3M	4.1M
Cash And Short Term Investments	365.6M	591.1M	916.8M	927.8M	1.0B	1.1B
Net Receivables	534.4M	541.7M	451.9M	579.7M	627.2M	319.9M
Common Stock Shares Outstanding	82.1M	82.6M	83.3M	83.0M	82.9M	77.1M
Liabilities And Stockholders Equity	3.4B	3.3B	3.6B	4.2B	4.6B	4.8B
Non Current Liabilities Total	842.5M	853.9M	816.8M	800.0M	821.9M	863.0M
Inventory	912.2M	728.4M	720.4M	1.0B	1.1B	1.2B
Other Current Assets	12.1M	10.9M	14.0M	17.4M	23.7M	24.9M
Other Stockholder Equity	13.1M	14.2M	16.4M	19.3M	27.3M	52.2M
Total Liab	1.8B	1.6B	1.6B	1.9B	1.9B	2.0B
Property Plant And Equipment Gross	1.1B	993.0M	1.8B	2.0B	2.3B	2.4B
Total Current Assets	1.8B	1.9B	2.1B	2.6B	2.8B	3.0B
Accumulated Other Comprehensive Income	(341K)	(1.4M)	4.7M	13.4M	(6.2M)	(5.9M)
Short Term Debt	23.8M	50.1M	7.8M	7.7M	37.3M	39.1M
Current Deferred Revenue	140.9M	149.1M	199.7M	309.3M	360.1M	378.2M
Common Stock Total Equity	444.4M	457.8M	490.0M	516.6M	594.1M	384.4M
Common Stock	490.0M	516.6M	539.7M	561.1M	582.8M	438.2M
Intangible Assets	389.1M	384.4M	381.3M	378.8M	376.3M	236.3M
Other Liab	175.3M	191.1M	158.6M	136.8M	157.3M	117.9M
Net Tangible Assets	1.1B	1.2B	1.5B	1.9B	2.1B	1.1B
Other Assets	12.3M	8.8M	5.2M	30.5M	35.1M	36.9M
Long Term Debt	645.5M	646.3M	646.3M	647.1M	647.8M	521.0M
Property Plant Equipment	1.1B	987.7M	995.1M	1.1B	1.3B	833.5M
Long Term Debt Total	667.2M	662.9M	658.1M	663.2M	762.7M	617.7M
Capital Surpluse	13.1M	14.2M	16.4M	19.3M	22.2M	14.0M
Net Invested Capital	2.2B	2.3B	2.6B	3.0B	3.3B	2.7B

Pair Trading with Toromont 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 Toromont 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 Toromont Industries will appreciate offsetting losses from the drop in the long position's value.

Moving against Toromont Stock

0.65	JPM	JPMorgan Chase	Pair Corr
0.55	RY-PS	Royal Bank	Pair Corr
0.52	BOFA	Bank of America	Pair Corr
0.47	RY-PO	Royal Bank	Pair Corr
0.47	RY-PM	Royal Bank	Pair Corr

The ability to find closely correlated positions to Toromont 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 Toromont 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 Toromont 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 Toromont Industries to buy it.

The correlation of Toromont 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 Toromont Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toromont 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 Toromont 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 Correlation Correlation Matching

Other Information on Investing in Toromont Stock

Balance Sheet is a snapshot of the financial position of Toromont Industries at a specified time, usually calculated after every quarter, six months, or one year. Toromont Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Toromont Industries 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 Toromont currently owns. An asset can also be divided into two categories, current and non-current.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Toromont Price To Sales Ratio vs Free Cash Flow Yield Analysis

Price To Sales Ratio vs Free Cash Flow Yield

Price To Sales Ratio vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Free Cash Flow Yield

Toromont Industries fundamental ratios Correlations

Toromont Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Toromont Industries fundamental ratios Accounts

Pair Trading with Toromont Industries

Moving against Toromont Stock

Other Information on Investing in Toromont Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets

Short Term Investments	- 0.95	Common Stock Shares Outstanding
Cash And Short Term Investments	- 0.67	Net Debt
Cash	- 0.67	Net Debt
Current Deferred Revenue	- 0.57	Net Debt
Retained Earnings	- 0.57	Net Debt
Property Plant And Equipment Gross	- 0.56	Net Debt