Carrier Net Income vs Cost Of Revenue Analysis

CARR Stock

USD 60.50 0.69 1.15%

Carrier GlobalCorp financial indicator trend analysis is way more than just evaluating Carrier GlobalCorp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carrier GlobalCorp is a good investment. Please check the relationship between Carrier GlobalCorp Net Income and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carrier GlobalCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Carrier Stock, please use our How to Invest in Carrier GlobalCorp guide.

Net Income vs Cost Of Revenue

Net Income vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Carrier GlobalCorp Net Income account and Cost Of Revenue. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Carrier GlobalCorp's Net Income and Cost Of Revenue is 0.51. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Carrier GlobalCorp, assuming nothing else is changed. The correlation between historical values of Carrier GlobalCorp's Net Income and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Carrier GlobalCorp are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Income i.e., Carrier GlobalCorp's Net Income and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Carrier GlobalCorp financial statement analysis. It represents the amount of money remaining after all of Carrier GlobalCorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Cost Of Revenue

Cost of Revenue is found on Carrier GlobalCorp income statement and represents the costs associated with goods and services Carrier GlobalCorp provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most indicators from Carrier GlobalCorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carrier GlobalCorp 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 Carrier GlobalCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Carrier Stock, please use our How to Invest in Carrier GlobalCorp guide.At this time, Carrier GlobalCorp's Tax Provision is relatively stable compared to the past year. As of 04/28/2024, Selling General Administrative is likely to grow to about 3 B, while Enterprise Value Over EBITDA is likely to drop 9.70.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	50M	380M	542M	312.7M
Interest Income	13M	83M	109M	61.9M

Depreciation And Amortization Interest Income

Carrier GlobalCorp fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Accounts Payable	Other Assets	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Common Stock Total Equity	Non Current Liabilities Total
Other Current Liab		0.97	-0.77	-0.86	0.78	-0.09	0.2	-0.26	0.71	0.74	0.91	0.87	-0.89	0.68	0.88	-0.86	0.87	-0.61	0.87	0.72	-0.45	-0.82	0.72	-0.6	-0.89	0.92
Total Current Liabilities	0.97		-0.8	-0.87	0.89	-0.18	0.04	-0.32	0.83	0.78	0.85	0.92	-0.92	0.65	0.93	-0.87	0.85	-0.69	0.86	0.79	-0.54	-0.9	0.79	-0.67	-0.92	0.94
Other Liab	-0.77	-0.8		0.69	-0.61	0.15	0.33	0.73	-0.54	-0.72	-0.64	-0.7	0.75	-0.52	-0.79	0.72	-0.7	0.9	-0.66	-0.86	0.85	0.69	-0.86	0.88	0.75	-0.71
Net Tangible Assets	-0.86	-0.87	0.69		-0.77	-0.28	-0.25	0.33	-0.77	-0.56	-0.95	-0.75	0.99	-0.5	-0.82	0.99	-0.88	0.44	-0.98	-0.71	0.35	0.69	-0.71	0.48	0.99	-0.96
Accounts Payable	0.78	0.89	-0.61	-0.77		-0.33	0.0	-0.35	0.97	0.71	0.65	0.83	-0.82	0.59	0.85	-0.73	0.74	-0.64	0.7	0.75	-0.49	-0.93	0.75	-0.6	-0.82	0.82
Other Assets	-0.09	-0.18	0.15	-0.28	-0.33		0.43	0.11	-0.26	-0.29	0.29	-0.18	-0.16	-0.21	-0.1	-0.27	0.09	0.53	0.3	-0.11	0.37	0.49	-0.11	0.31	-0.16	0.14
Net Receivables	0.2	0.04	0.33	-0.25	0.0	0.43		0.42	0.06	-0.28	0.43	-0.08	-0.17	0.24	-0.06	-0.22	0.35	0.49	0.32	-0.29	0.69	0.05	-0.29	0.52	-0.17	0.17
Common Stock Shares Outstanding	-0.26	-0.32	0.73	0.33	-0.35	0.11	0.42		-0.29	-0.46	-0.2	-0.26	0.38	-0.34	-0.44	0.33	-0.4	0.76	-0.22	-0.74	0.8	0.33	-0.74	0.78	0.38	-0.29
Inventory	0.71	0.83	-0.54	-0.77	0.97	-0.26	0.06	-0.29		0.53	0.64	0.73	-0.81	0.55	0.76	-0.75	0.75	-0.56	0.72	0.64	-0.36	-0.91	0.64	-0.46	-0.81	0.79
Other Current Assets	0.74	0.78	-0.72	-0.56	0.71	-0.29	-0.28	-0.46	0.53		0.51	0.88	-0.62	0.52	0.87	-0.52	0.52	-0.69	0.47	0.87	-0.77	-0.63	0.87	-0.87	-0.62	0.7
Other Stockholder Equity	0.91	0.85	-0.64	-0.95	0.65	0.29	0.43	-0.2	0.64	0.51		0.7	-0.93	0.53	0.75	-0.95	0.88	-0.37	0.97	0.59	-0.23	-0.64	0.59	-0.38	-0.94	0.92
Total Current Assets	0.87	0.92	-0.7	-0.75	0.83	-0.18	-0.08	-0.26	0.73	0.88	0.7		-0.8	0.69	0.97	-0.71	0.74	-0.58	0.7	0.84	-0.56	-0.75	0.84	-0.74	-0.8	0.89
Common Stock	-0.89	-0.92	0.75	0.99	-0.82	-0.16	-0.17	0.38	-0.81	-0.62	-0.93	-0.8		-0.54	-0.86	0.99	-0.89	0.55	-0.97	-0.76	0.43	0.77	-0.76	0.55	1.0	-0.97
Property Plant Equipment	0.68	0.65	-0.52	-0.5	0.59	-0.21	0.24	-0.34	0.55	0.52	0.53	0.69	-0.54		0.74	-0.45	0.82	-0.46	0.47	0.65	-0.28	-0.57	0.65	-0.55	-0.54	0.62
Total Assets	0.88	0.93	-0.79	-0.82	0.85	-0.1	-0.06	-0.44	0.76	0.87	0.75	0.97	-0.86	0.74		-0.79	0.83	-0.65	0.76	0.92	-0.62	-0.76	0.92	-0.8	-0.87	0.93
Total Stockholder Equity	-0.86	-0.87	0.72	0.99	-0.73	-0.27	-0.22	0.33	-0.75	-0.52	-0.95	-0.71	0.99	-0.45	-0.79		-0.86	0.47	-0.99	-0.67	0.36	0.7	-0.67	0.46	0.99	-0.94
Property Plant And Equipment Net	0.87	0.85	-0.7	-0.88	0.74	0.09	0.35	-0.4	0.75	0.52	0.88	0.74	-0.89	0.82	0.83	-0.86		-0.51	0.87	0.72	-0.31	-0.72	0.72	-0.52	-0.89	0.89
Current Deferred Revenue	-0.61	-0.69	0.9	0.44	-0.64	0.53	0.49	0.76	-0.56	-0.69	-0.37	-0.58	0.55	-0.46	-0.65	0.47	-0.51		-0.39	-0.78	0.9	0.76	-0.78	0.87	0.55	-0.49
Net Debt	0.87	0.86	-0.66	-0.98	0.7	0.3	0.32	-0.22	0.72	0.47	0.97	0.7	-0.97	0.47	0.76	-0.99	0.87	-0.39		0.6	-0.25	-0.68	0.6	-0.37	-0.97	0.94
Cash	0.72	0.79	-0.86	-0.71	0.75	-0.11	-0.29	-0.74	0.64	0.87	0.59	0.84	-0.76	0.65	0.92	-0.67	0.72	-0.78	0.6		-0.82	-0.65	1.0	-0.94	-0.76	0.78
Non Current Assets Total	-0.45	-0.54	0.85	0.35	-0.49	0.37	0.69	0.8	-0.36	-0.77	-0.23	-0.56	0.43	-0.28	-0.62	0.36	-0.31	0.9	-0.25	-0.82		0.52	-0.82	0.94	0.43	-0.41
Non Currrent Assets Other	-0.82	-0.9	0.69	0.69	-0.93	0.49	0.05	0.33	-0.91	-0.63	-0.64	-0.75	0.77	-0.57	-0.76	0.7	-0.72	0.76	-0.68	-0.65	0.52		-0.65	0.57	0.77	-0.74
Cash And Short Term Investments	0.72	0.79	-0.86	-0.71	0.75	-0.11	-0.29	-0.74	0.64	0.87	0.59	0.84	-0.76	0.65	0.92	-0.67	0.72	-0.78	0.6	1.0	-0.82	-0.65		-0.94	-0.76	0.78
Good Will	-0.6	-0.67	0.88	0.48	-0.6	0.31	0.52	0.78	-0.46	-0.87	-0.38	-0.74	0.55	-0.55	-0.8	0.46	-0.52	0.87	-0.37	-0.94	0.94	0.57	-0.94		0.55	-0.58
Common Stock Total Equity	-0.89	-0.92	0.75	0.99	-0.82	-0.16	-0.17	0.38	-0.81	-0.62	-0.94	-0.8	1.0	-0.54	-0.87	0.99	-0.89	0.55	-0.97	-0.76	0.43	0.77	-0.76	0.55		-0.97
Non Current Liabilities Total	0.92	0.94	-0.71	-0.96	0.82	0.14	0.17	-0.29	0.79	0.7	0.92	0.89	-0.97	0.62	0.93	-0.94	0.89	-0.49	0.94	0.78	-0.41	-0.74	0.78	-0.58	-0.97

Click cells to compare fundamentals

Carrier GlobalCorp Account Relationship Matchups

Carrier GlobalCorp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	1.9B	2.3B	3.7B	2.6B	3.7B	2.7B
Total Current Liabilities	4.5B	5.1B	6.6B	6.0B	6.9B	5.9B
Other Liab	2.7B	2.7B	2.4B	2.7B	2.5B	2.2B
Net Tangible Assets	3.1B	(4.9B)	(3.1B)	(3.6B)	(3.2B)	(3.0B)
Accounts Payable	1.7B	1.9B	2.3B	2.8B	2.7B	2.4B
Other Assets	1.2B	3.6B	848M	857M	771.3M	1.2B
Net Receivables	3.3B	3.4B	2.9B	3.4B	2.8B	2.5B
Common Stock Shares Outstanding	866.2M	880.2M	890.3M	861.2M	853M	696.7M
Inventory	1.3B	1.6B	2.0B	2.6B	2.2B	2.0B
Other Current Assets	327M	343M	376M	349M	447M	402.4M
Other Stockholder Equity	1.2B	5.3B	4.9B	3.6B	3.6B	3.0B
Total Current Assets	6.0B	8.5B	11.4B	9.9B	18.8B	10.5B
Property Plant Equipment	2.5B	1.8B	1.8B	2.2B	2.6B	2.1B
Total Assets	22.4B	25.1B	26.2B	26.1B	32.8B	28.3B
Total Stockholder Equity	14.1B	6.3B	6.8B	7.8B	8.7B	7.7B
Property Plant And Equipment Net	2.5B	2.6B	2.5B	2.9B	2.8B	2.7B
Current Deferred Revenue	469M	512M	415M	449M	425M	365.6M
Net Debt	(270M)	7.9B	7.2B	5.9B	4.7B	4.4B
Cash	952M	3.1B	3.0B	3.5B	10.0B	10.5B
Non Current Assets Total	16.4B	16.6B	14.8B	16.2B	14.0B	12.5B
Non Currrent Assets Other	746M	833M	285M	245M	362M	428.7M
Cash And Short Term Investments	952M	3.1B	3.0B	3.5B	10.0B	10.5B
Good Will	9.9B	10.1B	9.3B	10.0B	8.0B	7.6B
Liabilities And Stockholders Equity	22.4B	25.1B	26.2B	26.1B	32.8B	28.3B
Non Current Liabilities Total	3.5B	13.4B	12.5B	12.0B	16.9B	11.2B
Capital Lease Obligations	682M	803M	527M	529M	391M	537.5M
Total Liab	8.0B	18.5B	19.1B	18.0B	23.8B	17.4B
Net Invested Capital	14.1B	16.5B	16.5B	16.6B	23.0B	18.4B
Long Term Investments	1.7B	1.5B	1.6B	1.1B	1.1B	1.2B
Property Plant And Equipment Gross	2.5B	2.6B	2.5B	2.9B	5.0B	3.1B
Accumulated Other Comprehensive Income	(1.3B)	(745M)	(989M)	(1.7B)	(1.5B)	(1.6B)
Non Current Liabilities Other	988M	2.9B	1.7B	349M	1.6B	1.1B
Net Working Capital	1.5B	3.4B	4.8B	3.8B	11.9B	12.5B
Short Term Debt	397M	352M	183M	140M	51M	48.5M
Intangible Assets	1.1B	1.0B	509M	1.3B	1.0B	828.4M

Pair Trading with Carrier GlobalCorp

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 Carrier GlobalCorp 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 Carrier GlobalCorp will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Carrier GlobalCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carrier GlobalCorp 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 Carrier GlobalCorp - 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 Carrier GlobalCorp to buy it.

The correlation of Carrier GlobalCorp 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 Carrier GlobalCorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carrier GlobalCorp 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 Carrier GlobalCorp 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 Correlation Correlation Matching

When determining whether Carrier GlobalCorp is a strong investment it is important to analyze Carrier GlobalCorp's 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 Carrier GlobalCorp's future performance. For an informed investment choice regarding Carrier Stock, refer to the following important reports:

How To Invest In Carrier

Details

Is Carrier Stock a good investment?

Details

What is Carrier GlobalCorp's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carrier GlobalCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Carrier Stock, please use our How to Invest in Carrier GlobalCorp guide.

You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Carrier Stock analysis

When running Carrier GlobalCorp's price analysis, check to measure Carrier GlobalCorp'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 Carrier GlobalCorp is operating at the current time. Most of Carrier GlobalCorp's value examination focuses on studying past and present price action to predict the probability of Carrier GlobalCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carrier GlobalCorp's price. Additionally, you may evaluate how the addition of Carrier GlobalCorp to your portfolios can decrease your overall portfolio volatility.

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Is Carrier GlobalCorp'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 Carrier GlobalCorp. If investors know Carrier 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 Carrier GlobalCorp 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

(0.34)

Dividend Share

0.75

Earnings Share

1.43

Revenue Per Share

26.961

Quarterly Revenue Growth

0.172

The market value of Carrier GlobalCorp is measured differently than its book value, which is the value of Carrier that is recorded on the company's balance sheet. Investors also form their own opinion of Carrier GlobalCorp's value that differs from its market value or its book value, called intrinsic value, which is Carrier GlobalCorp'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 Carrier GlobalCorp's market value can be influenced by many factors that don't directly affect Carrier GlobalCorp'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 Carrier GlobalCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carrier GlobalCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carrier GlobalCorp'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.

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Carrier Net Income vs Cost Of Revenue Analysis

Net Income vs Cost Of Revenue

Net Income vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Net Income

Cost Of Revenue

Carrier GlobalCorp fundamental ratios Correlations

Carrier GlobalCorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Carrier GlobalCorp fundamental ratios Accounts

Pair Trading with Carrier GlobalCorp

Complementary Tools for Carrier Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock Total Equity	+ 1.0	Common Stock
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 0.99	Net Tangible Assets
Total Stockholder Equity	+ 0.99	Net Tangible Assets
Common Stock Total Equity	+ 0.99	Net Tangible Assets
Total Stockholder Equity	+ 0.99	Common Stock

Net Debt	- 0.99	Total Stockholder Equity
Net Debt	- 0.98	Net Tangible Assets
Non Current Liabilities Total	- 0.97	Common Stock Total Equity
Common Stock Total Equity	- 0.97	Net Debt
Non Current Liabilities Total	- 0.97	Common Stock
Net Debt	- 0.97	Common Stock