Hello Serenity
I am confused about the calculations. I searched the forum for info, and found this:
https://www.serenitystocks.com/forums/stock-specific-questions/please-help-me-understand-how-computed
OK, so GSY has in its last fiscal year:
Annual Sales:
652.92 Million
Current Assets:
1,254.00 Million
Total Assets:
1,501.92 Million
Current Liabilities:
278.00 Million
Long Term Debt:
689.00 Million
Total Liabilities:
1,058.40 Million
Shares Outstanding:
16.00 Million
Currency:
CAD
The Calculator preview when I do an analysis shows
Current Assets ÷ [2 x Current Liabilities]: 21.28%
but
1254 / (2*278) = 2.2554 or 225.54%
Can you help?
----
I clicked Save, and see that the calculations have been updated from the Preview's numbers. The Preview is a little hard to read. Would you consider making it look the same as the Analysis page, perhaps with PREVIEW at top?
Submitted by Tranquility. Created on Monday 26th April 2021. Updated on Monday 26th April 2021.
Previews Exclude Calculations
Dear Tranquility,
Thank you for your analysis of goeasy Ltd. Serenity's automated analysis can be seen at goeasy Ltd (GSY.TO).
The Preview feature has also been cleaned up to remove display of superfluous fields during previews of stock saves. Thank you for the feedback!
However, please note that the Preview feature is only for provided for visualization of content and formatting etc; and does not actually include calculations. The actual calculations are only done when the stock is saved.
OK
Thanks, Serenity. I'm OK with that; I just didn't want to save an entry if the calculations turned out to be the same or not significantly different than what you had already calculated.
Maybe I could also ask: why did the automated version show 0.00% for the calculations? is there something I'm (likely) missing ?
Current Assets ÷ [2 x Current Liabilities]:
0.00%
Net Current Assets ÷ Long Term Debt:
0.00%
No Data
Dear Tranquility,
Thank you for your comment!
Serenity gets all data for its automated analyses from its data provider — Finnhub — and as you can see in goeasy Ltd (GSY.TO), the required balance sheet data for the said metrics appears to be unavailable.
GSY.TO
Hello again Serenity. I hope this message finds you well.
Now with the 2022 FYE audited results in for GSY.TO, I noted that the current assets listed is
Current Assets: 99.01 Million
Total Assets: 3,302.89 Million
I went to the company website and download the E&Y audited report for FYE 2022. It did not provide a break of the assets into Current & Total, but did agree with total assets reported by Finnhub
So I went to TMX Money, the website of the Toronto Stock Exchange. https://money.tmx.com/en/quote/GSY/financials-filings
There it shows
Fiscal Year ends in Dec
CAD in Millions except per share data
YoY %Chg Dec 22 Dec 21 Dec 20 Dec 19
Total Assets
27.22% 3,302.89 2,596.15 1,501.92 1,318.62
Current Assets
33.69% 2,693.34 2,014.58 1,253.38 1,091.81
So any idea why Finnhub is showing 99 and TMX is showing 2693?
Unreported
Dear Tranquility,
Thank you for your latest analysis of goeasy Ltd, and hope you are well too! GrahamValue's automated analysis can be seen at goeasy Ltd (GSY.TO).
Financials Enterprises don't usually report Current Assets and Current Liabilities, as you too have noted above about the audited report for goeasy Ltd; and Graham analyses don't use them.
Therefore, as to the difference in values displayed by TMX and Finnhub, it may be best to ask them on their website or social media.
Thank you again for your comment!