Crossamerica Selling And Marketing Expenses vs Gross Profit Analysis

CAPL Stock  USD 22.33  0.33  1.46%   
Crossamerica Partners financial indicator trend analysis is way more than just evaluating Crossamerica Partners prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Crossamerica Partners is a good investment. Please check the relationship between Crossamerica Partners Selling And Marketing Expenses and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crossamerica Partners LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

Selling And Marketing Expenses vs Gross Profit

Selling And Marketing Expenses vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Crossamerica Partners Selling And Marketing Expenses account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Crossamerica Partners' Selling And Marketing Expenses and Gross Profit is 0.83. Overlapping area represents the amount of variation of Selling And Marketing Expenses that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Crossamerica Partners LP, assuming nothing else is changed. The correlation between historical values of Crossamerica Partners' Selling And Marketing Expenses and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling And Marketing Expenses of Crossamerica Partners LP are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Selling And Marketing Expenses i.e., Crossamerica Partners' Selling And Marketing Expenses and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Selling And Marketing Expenses

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Crossamerica Partners LP minus its cost of goods sold. It is profit before Crossamerica Partners operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Crossamerica Partners' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Crossamerica Partners 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Crossamerica Partners LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
At this time, Crossamerica Partners' Tax Provision is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.01 this year, although the value of Issuance Of Capital Stock will most likely fall to 0.00.
 2021 2022 2023 2024 (projected)
Gross Profit277.0M375.8M382.3M401.4M
Total Revenue3.6B5.0B4.4B2.7B

Crossamerica Partners fundamental ratios Correlations

0.960.40.890.11.00.660.960.950.231.0-0.480.230.70.970.970.970.780.25-0.050.970.950.890.590.90.95
0.960.480.93-0.160.960.621.00.950.230.95-0.560.230.570.90.931.00.810.33-0.281.00.940.890.680.820.9
0.40.480.53-0.360.39-0.180.470.520.480.39-0.30.480.00.340.370.490.650.16-0.360.50.430.510.480.320.42
0.890.930.53-0.240.880.680.930.920.40.88-0.520.40.560.810.840.920.820.47-0.40.940.870.940.860.810.82
0.1-0.16-0.36-0.240.09-0.01-0.16-0.05-0.040.120.19-0.040.440.220.09-0.12-0.27-0.470.95-0.140.01-0.06-0.470.210.12
1.00.960.390.880.090.640.960.950.171.0-0.470.170.680.970.980.970.760.23-0.050.970.950.870.560.880.96
0.660.62-0.180.68-0.010.640.620.550.120.65-0.410.120.590.570.60.60.50.51-0.210.620.560.640.610.710.55
0.961.00.470.93-0.160.960.620.950.220.96-0.550.220.570.90.931.00.810.33-0.281.00.940.880.670.810.91
0.950.950.520.92-0.050.950.550.950.290.95-0.40.290.670.920.940.960.760.2-0.170.960.930.90.620.820.89
0.230.230.480.4-0.040.170.120.220.290.19-0.551.00.260.070.050.210.390.05-0.10.240.150.530.530.420.04
1.00.950.390.880.121.00.650.960.950.19-0.470.190.70.970.970.960.760.23-0.030.960.950.870.560.90.95
-0.48-0.56-0.3-0.520.19-0.47-0.41-0.55-0.4-0.55-0.47-0.55-0.12-0.28-0.32-0.52-0.45-0.310.29-0.53-0.34-0.54-0.57-0.56-0.31
0.230.230.480.4-0.040.170.120.220.291.00.19-0.550.260.070.050.210.390.05-0.10.240.150.530.530.420.04
0.70.570.00.560.440.680.590.570.670.260.7-0.120.260.720.680.580.4-0.060.350.590.610.690.260.670.61
0.970.90.340.810.220.970.570.90.920.070.97-0.280.070.720.980.920.680.150.090.910.940.80.440.820.97
0.970.930.370.840.090.980.60.930.940.050.97-0.320.050.680.980.940.690.2-0.040.940.930.80.490.80.96
0.971.00.490.92-0.120.970.61.00.960.210.96-0.520.210.580.920.940.810.31-0.241.00.960.890.660.820.93
0.780.810.650.82-0.270.760.50.810.760.390.76-0.450.390.40.680.690.810.44-0.360.820.810.830.680.760.73
0.250.330.160.47-0.470.230.510.330.20.050.23-0.310.05-0.060.150.20.310.44-0.540.340.250.390.640.240.3
-0.05-0.28-0.36-0.40.95-0.05-0.21-0.28-0.17-0.1-0.030.29-0.10.350.09-0.04-0.24-0.36-0.54-0.26-0.11-0.18-0.630.03-0.01
0.971.00.50.94-0.140.970.621.00.960.240.96-0.530.240.590.910.941.00.820.34-0.260.960.910.690.830.92
0.950.940.430.870.010.950.560.940.930.150.95-0.340.150.610.940.930.960.810.25-0.110.960.870.580.830.95
0.890.890.510.94-0.060.870.640.880.90.530.87-0.540.530.690.80.80.890.830.39-0.180.910.870.780.870.81
0.590.680.480.86-0.470.560.610.670.620.530.56-0.570.530.260.440.490.660.680.64-0.630.690.580.780.570.51
0.90.820.320.810.210.880.710.810.820.420.9-0.560.420.670.820.80.820.760.240.030.830.830.870.570.8
0.950.90.420.820.120.960.550.910.890.040.95-0.310.040.610.970.960.930.730.3-0.010.920.950.810.510.8
Click cells to compare fundamentals

Crossamerica Partners Account Relationship Matchups

Crossamerica Partners fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets905.3M1.0B1.3B1.3B1.2B869.3M
Short Long Term Debt Total660.9M703.3M996.6M943.4M910.5M599.5M
Other Current Liab5.0M5.4M4.5M44.0M23.7M24.9M
Total Current Liabilities112.6M146.9M163.9M175.3M161.1M105.9M
Total Stockholder Equity78.4M(2.5M)3.0M16.5M3.0M2.9M
Property Plant And Equipment Net686.7M738.7M924.8M893.3M853.5M631.9M
Current Deferred Revenue24.3M43.0M46.5M20.4M23.4M24.1M
Net Debt659.1M702.8M988.9M927.3M905.5M594.0M
Accounts Payable57.4M64.0M67.2M84.8M79.2M50.5M
Cash1.8M513K7.6M16.1M5.0M5.5M
Non Current Assets Total841.8M939.5M1.2B1.1B1.1B797.3M
Non Currrent Assets Other21.3M19.1M(47.7M)(39.0M)23.5M24.7M
Cash And Short Term Investments1.8M513K7.6M16.1M5.0M5.5M
Net Receivables36.5M29.5M34.5M31.6M31.6M31.0M
Common Stock Shares Outstanding34.5M37.4M37.9M38.1M38.1M31.2M
Liabilities And Stockholders Equity905.3M904.7M1.2B1.2B1.2B852.1M
Non Current Liabilities Total714.2M757.7M1.0B1.0B1.0B660.4M
Inventory6.2M23.3M46.1M47.3M52.3M55.0M
Other Current Assets5.8M11.7M13.2M8.7M9.8M9.2M
Other Stockholder Equity78.4M(112.1M)(53.5M)(16.5M)(2.4M)(2.3M)
Total Liab826.9M904.7M1.2B1.2B1.2B766.3M
Property Plant And Equipment Gross686.7M738.7M924.8M893.3M1.2B660.5M
Total Current Assets63.5M74.8M106.3M118.4M108.5M72.0M
Accumulated Other Comprehensive Income(196.6M)(2.5M)3.0M16.5M5.4M5.7M
Short Term Debt26.0M34.6M45.8M46.5M37.9M21.7M
Intangible Assets45.0M92.9M114.2M113.9M95.3M73.9M
Other Liab79.3M89.0M98.9M103.3M118.8M72.8M
Other Assets21.3M187.0M24.4M26.1M30.1M36.0M
Long Term Debt534.9M509.9M796.6M750.6M745.9M519.1M
Property Plant Equipment565.9M570.9M924.8M893.3M1.0B615.5M
Net Tangible Assets(55.4M)(72.0M)(158.1M)(160.4M)(144.3M)(137.1M)
Capital Lease Obligations123.5M193.3M191.8M184.5M164.6M134.5M
Deferred Long Term Liab19.9M19.4M15.0M12.3M14.2M22.1M
Non Current Liabilities Other694.9M742.7M1.0B21.3M21.1M20.0M
Common Stock78.4M112.1M53.5M36.5M32.9M31.2M
Short Long Term Debt2.5M2.6M10.9M11.2M10.0M6.3M
Net Invested Capital615.7M619.6M853.1M803.6M748.9M782.1M

Pair Trading with Crossamerica Partners

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 Crossamerica Partners 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 Crossamerica Partners will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Crossamerica Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crossamerica Partners 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 Crossamerica Partners - 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 Crossamerica Partners LP to buy it.
The correlation of Crossamerica Partners 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 Crossamerica Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crossamerica Partners 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 Crossamerica Partners 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 CorrelationCorrelation Matching
When determining whether Crossamerica Partners is a strong investment it is important to analyze Crossamerica Partners' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Crossamerica Partners' future performance. For an informed investment choice regarding Crossamerica Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crossamerica Partners LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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Is Crossamerica Partners' 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 Crossamerica Partners. If investors know Crossamerica 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 Crossamerica Partners 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
(0.03)
Dividend Share
2.1
Earnings Share
1.05
Revenue Per Share
107.765
Quarterly Revenue Growth
(0.11)
The market value of Crossamerica Partners is measured differently than its book value, which is the value of Crossamerica that is recorded on the company's balance sheet. Investors also form their own opinion of Crossamerica Partners' value that differs from its market value or its book value, called intrinsic value, which is Crossamerica Partners' 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 Crossamerica Partners' market value can be influenced by many factors that don't directly affect Crossamerica Partners' 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 Crossamerica Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if Crossamerica Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crossamerica Partners' 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.