Industrial Invested Capital vs Capex To Depreciation Analysis

IAF-PB Stock

CAD 24.93 0.06 0.24%

Industrial Alliance financial indicator trend analysis is infinitely more than just investigating Industrial Alliance recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Industrial Alliance is a good investment. Please check the relationship between Industrial Alliance Invested Capital and its Capex To Depreciation accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Industrial Alliance Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Invested Capital vs Capex To Depreciation

Invested Capital vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Industrial Alliance Invested Capital account and Capex To Depreciation. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Industrial Alliance's Invested Capital and Capex To Depreciation is 0.58. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Industrial Alliance Insurance, assuming nothing else is changed. The correlation between historical values of Industrial Alliance's Invested Capital and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Industrial Alliance Insurance are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Invested Capital i.e., Industrial Alliance's Invested Capital and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

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Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Industrial Alliance Insurance. There are two different methods for calculating Industrial Alliance invested capital: operating approach and financing approach. Understanding Industrial Alliance invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Industrial Alliance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Industrial Alliance 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 Industrial Alliance Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

At present, Industrial Alliance's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.25, whereas Tax Provision is forecasted to decline to about 200.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	15.5B	6.5B	7.5B	7.7B
Total Revenue	15.5B	6.5B	5.3B	7.6B

Gross Profit Total Revenue

Industrial Alliance fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Other Assets	Cash And Short Term Investments	Good Will	Short Term Investments	Total Liab	Common Stock	Accounts Payable	Other Stockholder Equity	Intangible Assets	Net Receivables	Current Deferred Revenue	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Long Term Debt	Other Current Assets	Deferred Long Term Liab
Common Stock Shares Outstanding		-0.5	-0.56	-0.46	-0.5	-0.06	-0.46	-0.5	0.04	-0.56	-0.54	-0.33	-0.5	-0.47	-0.36	-0.37	-0.54	-0.34	0.41	0.64	0.76	-0.6	-0.46	-0.46	-0.57	-0.46
Total Assets	-0.5		0.71	0.99	0.82	0.28	0.98	0.83	0.61	0.88	0.75	0.59	1.0	0.92	0.94	0.29	0.81	0.9	-0.41	-0.7	-0.67	0.76	0.38	0.69	0.79	0.6
Short Long Term Debt Total	-0.56	0.71		0.7	0.62	0.45	0.75	0.67	0.27	0.66	0.96	0.41	0.71	0.62	0.73	-0.15	0.96	0.66	-0.78	-0.86	-0.77	0.88	0.63	0.88	0.88	0.95
Total Stockholder Equity	-0.46	0.99	0.7		0.86	0.33	0.98	0.79	0.64	0.85	0.74	0.53	0.99	0.93	0.95	0.29	0.81	0.94	-0.4	-0.67	-0.63	0.71	0.39	0.66	0.76	0.58
Property Plant And Equipment Net	-0.5	0.82	0.62	0.86		0.24	0.83	0.72	0.36	0.76	0.68	0.61	0.82	0.76	0.87	0.48	0.77	0.93	-0.3	-0.7	-0.71	0.62	0.29	0.54	0.63	0.49
Net Debt	-0.06	0.28	0.45	0.33	0.24		0.38	-0.14	0.2	-0.08	0.34	-0.32	0.28	0.44	0.31	-0.27	0.39	0.29	-0.41	-0.33	-0.3	0.23	0.55	0.39	0.28	0.4
Retained Earnings	-0.46	0.98	0.75	0.98	0.83	0.38		0.8	0.55	0.84	0.79	0.53	0.98	0.89	0.97	0.14	0.85	0.93	-0.38	-0.73	-0.68	0.78	0.44	0.76	0.83	0.67
Cash	-0.5	0.83	0.67	0.79	0.72	-0.14	0.8		0.33	0.97	0.73	0.79	0.84	0.62	0.83	0.25	0.75	0.77	-0.27	-0.72	-0.68	0.78	0.12	0.72	0.81	0.61
Other Assets	0.04	0.61	0.27	0.64	0.36	0.2	0.55	0.33		0.44	0.24	0.06	0.61	0.74	0.47	0.22	0.33	0.54	-0.4	0.05	0.1	0.1	0.05	0.08	0.16	0.08
Cash And Short Term Investments	-0.56	0.88	0.66	0.85	0.76	-0.08	0.84	0.97	0.44		0.71	0.71	0.88	0.73	0.84	0.34	0.74	0.8	-0.31	-0.66	-0.64	0.73	0.17	0.65	0.76	0.55
Good Will	-0.54	0.75	0.96	0.74	0.68	0.34	0.79	0.73	0.24	0.71		0.56	0.75	0.63	0.8	-0.13	0.99	0.74	-0.67	-0.87	-0.77	0.93	0.57	0.9	0.93	0.96
Short Term Investments	-0.33	0.59	0.41	0.53	0.61	-0.32	0.53	0.79	0.06	0.71	0.56		0.6	0.38	0.66	0.33	0.56	0.58	-0.06	-0.61	-0.56	0.69	-0.03	0.51	0.64	0.45
Total Liab	-0.5	1.0	0.71	0.99	0.82	0.28	0.98	0.84	0.61	0.88	0.75	0.6		0.92	0.94	0.29	0.81	0.9	-0.41	-0.71	-0.67	0.76	0.38	0.7	0.8	0.6
Common Stock	-0.47	0.92	0.62	0.93	0.76	0.44	0.89	0.62	0.74	0.73	0.63	0.38	0.92		0.82	0.34	0.71	0.82	-0.47	-0.51	-0.5	0.58	0.37	0.5	0.62	0.46
Accounts Payable	-0.36	0.94	0.73	0.95	0.87	0.31	0.97	0.83	0.47	0.84	0.8	0.66	0.94	0.82		0.15	0.86	0.96	-0.31	-0.75	-0.67	0.79	0.35	0.76	0.83	0.68
Other Stockholder Equity	-0.37	0.29	-0.15	0.29	0.48	-0.27	0.14	0.25	0.22	0.34	-0.13	0.33	0.29	0.34	0.15		-0.03	0.25	0.08	-0.02	-0.17	-0.09	-0.25	-0.26	-0.12	-0.35
Intangible Assets	-0.54	0.81	0.96	0.81	0.77	0.39	0.85	0.75	0.33	0.74	0.99	0.56	0.81	0.71	0.86	-0.03		0.81	-0.68	-0.87	-0.78	0.91	0.57	0.87	0.92	0.92
Net Receivables	-0.34	0.9	0.66	0.94	0.93	0.29	0.93	0.77	0.54	0.8	0.74	0.58	0.9	0.82	0.96	0.25	0.81		-0.29	-0.66	-0.6	0.65	0.26	0.64	0.7	0.56
Current Deferred Revenue	0.41	-0.41	-0.78	-0.4	-0.3	-0.41	-0.38	-0.27	-0.4	-0.31	-0.67	-0.06	-0.41	-0.47	-0.31	0.08	-0.68	-0.29		0.47	0.4	-0.52	-0.6	-0.47	-0.47	-0.67
Other Current Liab	0.64	-0.7	-0.86	-0.67	-0.7	-0.33	-0.73	-0.72	0.05	-0.66	-0.87	-0.61	-0.71	-0.51	-0.75	-0.02	-0.87	-0.66	0.47		0.97	-0.94	-0.58	-0.9	-0.9	-0.86
Total Current Liabilities	0.76	-0.67	-0.77	-0.63	-0.71	-0.3	-0.68	-0.68	0.1	-0.64	-0.77	-0.56	-0.67	-0.5	-0.67	-0.17	-0.78	-0.6	0.4	0.97		-0.86	-0.55	-0.81	-0.81	-0.74
Other Liab	-0.6	0.76	0.88	0.71	0.62	0.23	0.78	0.78	0.1	0.73	0.93	0.69	0.76	0.58	0.79	-0.09	0.91	0.65	-0.52	-0.94	-0.86		0.59	0.91	0.97	0.92
Net Tangible Assets	-0.46	0.38	0.63	0.39	0.29	0.55	0.44	0.12	0.05	0.17	0.57	-0.03	0.38	0.37	0.35	-0.25	0.57	0.26	-0.6	-0.58	-0.55	0.59		0.46	0.51	0.62
Long Term Debt	-0.46	0.69	0.88	0.66	0.54	0.39	0.76	0.72	0.08	0.65	0.9	0.51	0.7	0.5	0.76	-0.26	0.87	0.64	-0.47	-0.9	-0.81	0.91	0.46		0.95	0.93
Other Current Assets	-0.57	0.79	0.88	0.76	0.63	0.28	0.83	0.81	0.16	0.76	0.93	0.64	0.8	0.62	0.83	-0.12	0.92	0.7	-0.47	-0.9	-0.81	0.97	0.51	0.95		0.92
Deferred Long Term Liab	-0.46	0.6	0.95	0.58	0.49	0.4	0.67	0.61	0.08	0.55	0.96	0.45	0.6	0.46	0.68	-0.35	0.92	0.56	-0.67	-0.86	-0.74	0.92	0.62	0.93	0.92

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Industrial Alliance Account Relationship Matchups

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Other Information on Investing in Industrial Stock

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

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Industrial Invested Capital vs Capex To Depreciation Analysis

Invested Capital vs Capex To Depreciation

Invested Capital vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Invested Capital

Capex To Depreciation

Industrial Alliance fundamental ratios Correlations

Industrial Alliance Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Other Information on Investing in Industrial Stock

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Total Liab	+ 1.0	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Stockholder Equity
Intangible Assets	+ 0.99	Good Will
Retained Earnings	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Total Stockholder Equity

Other Liab	- 0.94	Other Current Liab
Other Current Assets	- 0.9	Other Current Liab
Long Term Debt	- 0.9	Other Current Liab
Other Current Liab	- 0.87	Intangible Assets
Other Current Liab	- 0.87	Good Will
Other Liab	- 0.86	Total Current Liabilities