Carnival Historical Financial Ratios
CCL Stock | USD 17.03 0.08 0.47% |
Carnival is presently reporting on over 108 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Price To Sales Ratio of 0.96, Dividend Yield of 9.0E-4 or Operating Cycle of 19.9 will help investors to properly organize and evaluate Carnival financial condition quickly.
Carnival |
About Carnival Financial Ratios Analysis
CarnivalFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Carnival investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Carnival financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Carnival history.
Carnival Financial Ratios Chart
Carnival financial ratios usually calculated using numerical values taken directly from Carnival financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about Carnival. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.
At this time, Carnival's Company Equity Multiplier is quite stable compared to the past year. Long Term Debt To Capitalization is expected to rise to 0.77 this year, although the value of Price To Sales Ratio will most likely fall to 0.96. Add Fundamental
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Carnival stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Carnival sales, a figure that is much harder to manipulate than other Carnival 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.Dividend Yield
Dividend Yield is Carnival dividend as a percentage of Carnival stock price. Carnival dividend yield is a measure of Carnival stock productivity, which can be interpreted as interest rate earned on an Carnival investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Most ratios from Carnival's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Carnival current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnival. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.At this time, Carnival's Company Equity Multiplier is quite stable compared to the past year. Long Term Debt To Capitalization is expected to rise to 0.77 this year, although the value of Price To Sales Ratio will most likely fall to 0.96.
2021 | 2022 | 2023 (projected) | Dividend Yield | 0.007425 | 0.001052 | 9.47E-4 | Price To Sales Ratio | 0.96 | 0.88 | 1.01 |
Carnival fundamentals Correlations
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Carnival Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Carnival fundamentals Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Short Term Coverage Ratios | (1.27) | (0.85) | (0.61) | 1.91 | 2.2 | 3.87 | |
Price Earnings Ratio | (1.51) | (2.08) | (1.92) | (256.83) | (295.36) | (280.59) | |
Price To Sales Ratio | 1.49 | 2.77 | 10.37 | 0.96 | 0.88 | 1.01 | |
Dividend Yield | 0.0445 | 0.009501 | 0.007425 | 0.001052 | 9.47E-4 | 9.0E-4 | |
Operating Cycle | 32.64 | 74.97 | 25.14 | 22.86 | 20.57 | 19.9 | |
Price Book Value Ratio | 0.75 | 1.63 | 1.66 | 2.76 | 3.18 | 2.66 | |
Price Earnings To Growth Ratio | 0.003734 | 0.0579 | 0.0493 | 2.6 | 2.99 | 3.14 | |
Days Of Payables Outstanding | 27.62 | 62.49 | 32.6 | 29.78 | 34.24 | 35.02 | |
Operating Cash Flow Per Share | (8.13) | (3.66) | (1.42) | 3.39 | 3.05 | 2.29 | |
Dividend Payout Ratio | (0.0673) | (0.0198) | (0.0143) | (0.27) | (0.31) | (0.3) | |
Price To Operating Cash Flows Ratio | (2.46) | (4.82) | (7.02) | 4.44 | 5.11 | 4.85 | |
Free Cash Flow Per Share | (12.8) | (6.87) | (5.6) | 0.79 | 0.91 | 0.95 | |
Price To Free Cash Flows Ratio | (1.56) | (2.56) | (1.77) | 19.06 | 17.16 | 11.48 | |
Pretax Profit Margin | (1.83) | (4.99) | (0.5) | (0.002871) | (0.003302) | (0.003467) | |
Inventory Turnover | 24.61 | 13.08 | 27.47 | 27.12 | 24.4 | 20.25 | |
Ebt Per Ebit | 1.16 | 1.34 | 1.39 | (0.0317) | (0.0365) | (0.0346) | |
Payables Turnover | 13.21 | 5.84 | 11.2 | 12.26 | 11.03 | 10.13 | |
Effective Tax Rate | 0.001658 | 0.002205 | (0.002303) | (0.21) | (0.24) | (0.23) | |
Company Equity Multiplier | 2.61 | 4.39 | 7.32 | 7.14 | 6.42 | 6.74 | |
Long Term Debt To Capitalization | 0.53 | 0.71 | 0.82 | 0.81 | 0.73 | 0.77 | |
Cash Per Share | 12.27 | 8.14 | 3.41 | 1.91 | 1.72 | 1.06 | |
Total Debt To Capitalization | 0.31 | 0.58 | 0.74 | 0.84 | 0.82 | 0.78 | |
Interest Coverage | (9.91) | (4.43) | (2.72) | 0.95 | 1.09 | 1.03 | |
Return On Capital Employed | 0.0912 | (0.2) | (0.17) | (0.11) | 0.052 | 0.0598 | |
Payout Ratio | (0.0673) | (0.0198) | (0.0143) | (0.27) | (0.31) | (0.3) | |
Debt Equity Ratio | 1.38 | 2.85 | 5.08 | 4.63 | 4.17 | 4.38 | |
Quick Ratio | 0.15 | 0.11 | 1.13 | 0.9 | 0.42 | 0.3 | |
Dividend Paid And Capex Coverage Ratio | 2.15 | 1.2 | 0.34 | (1.31) | (1.18) | (1.24) | |
Cash Ratio | 1.1 | 0.86 | 0.38 | 0.21 | 0.24 | 0.35 | |
Cash Conversion Cycle | 5.02 | 12.48 | (7.46) | (6.92) | (7.96) | (7.56) | |
Operating Cash Flow Sales Ratio | 0.26 | (1.13) | (2.15) | (0.14) | 0.2 | 0.23 | |
Days Of Inventory Outstanding | 14.83 | 27.91 | 13.29 | 13.46 | 12.11 | 11.79 | |
Days Of Sales Outstanding | 17.81 | 47.06 | 11.85 | 9.4 | 8.46 | 8.11 | |
Free Cash Flow Operating Cash Flow Ratio | 1.57 | 1.88 | 3.96 | 0.23 | 0.21 | 0.3 | |
Cash Flow Coverage Ratios | 0.48 | (0.22) | (0.12) | (0.0465) | 0.13 | 0.15 | |
Price To Book Ratio | 0.75 | 1.63 | 1.66 | 2.76 | 3.18 | 2.66 | |
Current Ratio | 1.22 | 0.97 | 0.71 | 0.46 | 0.53 | 0.58 |
Pair Trading with Carnival
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 Carnival 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 Carnival will appreciate offsetting losses from the drop in the long position's value.Moving against Carnival Stock
0.56 | DKNG | DraftKings Downward Rally | PairCorr |
0.54 | WING | Wingstop Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Carnival could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carnival 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 Carnival - 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 Carnival to buy it.
The correlation of Carnival 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 Carnival moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carnival 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 Carnival 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnival. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.Note that the Carnival information on this page should be used as a complementary analysis to other Carnival's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Carnival Stock analysis
When running Carnival's price analysis, check to measure Carnival's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carnival is operating at the current time. Most of Carnival's value examination focuses on studying past and present price action to predict the probability of Carnival's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carnival's price. Additionally, you may evaluate how the addition of Carnival to your portfolios can decrease your overall portfolio volatility.
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Is Carnival'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 Carnival. If investors know Carnival 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 Carnival 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 (0.14) | Earnings Share (0.06) | Revenue Per Share 17.11 | Quarterly Revenue Growth 0.406 | Return On Assets 0.0241 |
The market value of Carnival is measured differently than its book value, which is the value of Carnival that is recorded on the company's balance sheet. Investors also form their own opinion of Carnival's value that differs from its market value or its book value, called intrinsic value, which is Carnival'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 Carnival's market value can be influenced by many factors that don't directly affect Carnival'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 Carnival's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carnival is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carnival'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.