Canada Retained Earnings vs Total Assets Analysis
GOOS Stock | USD 13.99 0.87 6.63% |
Canada Goose financial indicator trend analysis is way more than just evaluating Canada Goose Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canada Goose Holdings is a good investment. Please check the relationship between Canada Goose Retained Earnings and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Retained Earnings vs Total Assets
Retained Earnings vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canada Goose Holdings Retained Earnings account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Canada Goose's Retained Earnings and Total Assets is 0.91. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Assets in the same time period over historical financial statements of Canada Goose Holdings, assuming nothing else is changed. The correlation between historical values of Canada Goose's Retained Earnings and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Canada Goose Holdings are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Retained Earnings i.e., Canada Goose's Retained Earnings and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Total Assets
Total assets refers to the total amount of Canada Goose assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Canada Goose Holdings books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Canada Goose's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canada Goose Holdings 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, Canada Goose's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 19.9 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 8.56 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 733.6M | 815.2M | 804.6M | 486.5M | Total Revenue | 1.1B | 1.2B | 1.3B | 798.5M |
Canada Goose fundamental ratios Correlations
Click cells to compare fundamentals
Canada Goose Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canada Goose fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1B | 1.5B | 1.3B | 1.6B | 1.5B | 1.0B | |
Short Long Term Debt Total | 386M | 622.6M | 620.7M | 754M | 728.4M | 417.0M | |
Other Current Liab | 28.6M | 8.8M | 43M | 53.1M | 146.2M | 153.5M | |
Total Current Liabilities | 201.3M | 262.1M | 281.5M | 352.4M | 309.9M | 200.3M | |
Total Stockholder Equity | 520.2M | 600.1M | 427.9M | 469.5M | 417M | 382.9M | |
Other Liab | 44.5M | 41.1M | 67.6M | 72.8M | 83.7M | 43.9M | |
Net Tangible Assets | 190.4M | 305.4M | 392M | 252.6M | 290.5M | 305.0M | |
Property Plant And Equipment Net | 326.9M | 350.2M | 329.4M | 447.8M | 451.6M | 233.6M | |
Net Debt | 354.3M | 144.7M | 333M | 467.5M | 583.5M | 612.7M | |
Retained Earnings | 389.4M | 454.4M | 290.4M | 316.5M | 252.5M | 240.2M | |
Accounts Payable | 136.8M | 177.8M | 176.2M | 195.6M | 57.6M | 109.4M | |
Cash | 31.7M | 477.9M | 287.7M | 286.5M | 144.9M | 157.9M | |
Non Current Assets Total | 588.5M | 610.3M | 578.3M | 726.8M | 740.8M | 484.1M | |
Non Currrent Assets Other | 100K | 5.1M | 20.4M | 12.5M | 270.2M | 283.7M | |
Other Assets | 19.2M | 46.8M | 52M | 73.6M | 84.6M | 88.9M | |
Long Term Debt | 158.1M | 367.8M | 366.2M | 391.6M | 388.5M | 253.8M | |
Cash And Short Term Investments | 31.7M | 477.9M | 287.7M | 286.5M | 144.9M | 157.9M | |
Net Receivables | 44.3M | 45.7M | 43.8M | 51.8M | 98.4M | 103.3M | |
Common Stock Total Equity | 106.1M | 112.6M | 114.7M | 120.5M | 138.6M | 88.6M | |
Common Stock Shares Outstanding | 111.2M | 111.1M | 109.2M | 105.6M | 101.8M | 86.4M | |
Liabilities And Stockholders Equity | 1.1B | 1.5B | 1.3B | 1.6B | 1.5B | 1.0B | |
Non Current Liabilities Total | 391.2M | 645M | 631.2M | 760.1M | 748.2M | 439.9M | |
Capital Lease Obligations | 227.9M | 254.8M | 250.7M | 334.8M | 330.5M | 347.0M | |
Inventory | 412.3M | 342.3M | 393.3M | 472.6M | 445.2M | 309.4M | |
Other Current Assets | 35.9M | 31M | 37.5M | 52.3M | 60.1M | 32.4M | |
Other Stockholder Equity | 15.7M | 25.2M | 36.2M | 28.5M | 54.4M | 57.1M | |
Total Liab | 592.5M | 907.1M | 912.7M | 1.1B | 1.1B | 640.1M | |
Property Plant And Equipment Gross | 326.9M | 350.2M | 329.4M | 447.8M | 903.3M | 948.5M | |
Total Current Assets | 524.2M | 896.9M | 762.3M | 863.2M | 740.8M | 540.5M | |
Accumulated Other Comprehensive Income | 400K | (5.2M) | (17.2M) | 5.8M | 5.2M | 5.5M | |
Non Current Liabilities Other | 4.6M | 20.4M | 25.7M | 56.9M | 54.6M | 57.3M | |
Short Term Debt | 35.9M | 45.2M | 62.3M | 103.7M | 89.3M | 93.8M | |
Intangible Assets | 161.7M | 155M | 122.2M | 135.1M | 155.4M | 151.9M | |
Common Stock | 114.7M | 120.5M | 118.5M | 118.7M | 104.9M | 99.7M | |
Property Plant Equipment | 84.3M | 326.9M | 350.2M | 329.4M | 378.8M | 397.8M |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canada Goose Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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Is Canada Goose's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canada Goose. If investors know Canada will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canada Goose listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.008 | Earnings Share 0.42 | Revenue Per Share 13.23 | Quarterly Revenue Growth 0.221 | Return On Assets 0.0515 |
The market value of Canada Goose Holdings is measured differently than its book value, which is the value of Canada that is recorded on the company's balance sheet. Investors also form their own opinion of Canada Goose's value that differs from its market value or its book value, called intrinsic value, which is Canada Goose's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canada Goose's market value can be influenced by many factors that don't directly affect Canada Goose's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canada Goose's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canada Goose is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canada Goose's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.