Carnival Total Assets vs Invested Capital Analysis

CCL Stock

USD 14.18 0.06 0.42%

Carnival financial indicator trend analysis is way more than just evaluating Carnival prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carnival is a good investment. Please check the relationship between Carnival Total Assets and its Invested Capital accounts. 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.

Total Assets vs Invested Capital

Total Assets vs Invested Capital Correlation Analysis

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

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

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Assets

Total assets refers to the total amount of Carnival assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Carnival books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Invested Capital

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

Most indicators from Carnival's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carnival 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 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.Selling General Administrative is expected to rise to about 3.6 B this year, although the value of Tax Provision will most likely fall to about 11.1 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	4.8B	5.3B	6.1B	6.4B
Cost Of Revenue	11.8B	14.3B	16.5B	17.3B

Total Operating Expenses Cost Of Revenue

Carnival fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Current Deferred Revenue	Good Will
Total Assets		0.78	0.68	0.94	0.15	0.99	0.77	-0.09	0.52	0.98	0.55	0.52	0.5	0.67	0.77	0.86	0.6	0.69	0.83	0.95	0.69	0.63	0.77	0.83	0.73	-0.14
Short Long Term Debt Total	0.78		0.33	0.83	-0.49	0.74	0.98	-0.67	0.68	0.67	0.61	0.68	0.23	0.8	1.0	0.67	0.73	0.84	0.99	0.78	0.87	0.58	0.27	0.82	0.65	-0.71
Other Current Liab	0.68	0.33		0.67	0.3	0.73	0.4	0.17	-0.03	0.76	0.3	-0.03	0.58	0.67	0.35	0.72	0.37	0.4	0.42	0.65	0.14	0.26	0.86	0.61	0.65	0.29
Total Current Liabilities	0.94	0.83	0.67		-0.06	0.96	0.86	-0.27	0.37	0.93	0.4	0.37	0.5	0.74	0.83	0.95	0.8	0.71	0.89	0.91	0.6	0.46	0.62	0.95	0.9	-0.26
Total Stockholder Equity	0.15	-0.49	0.3	-0.06		0.17	-0.5	0.94	-0.25	0.27	-0.14	-0.25	0.27	-0.43	-0.51	0.08	-0.39	-0.37	-0.43	0.09	-0.34	0.01	0.59	-0.22	-0.12	0.9
Property Plant And Equipment Net	0.99	0.74	0.73	0.96	0.17		0.76	-0.07	0.38	0.99	0.43	0.38	0.58	0.67	0.74	0.93	0.67	0.68	0.81	0.93	0.58	0.5	0.79	0.88	0.82	-0.08
Net Debt	0.77	0.98	0.4	0.86	-0.5	0.76		-0.69	0.53	0.69	0.52	0.53	0.33	0.83	0.99	0.74	0.82	0.86	0.99	0.76	0.76	0.45	0.29	0.89	0.76	-0.67
Retained Earnings	-0.09	-0.67	0.17	-0.27	0.94	-0.07	-0.69		-0.33	0.03	-0.22	-0.33	0.0	-0.56	-0.69	-0.16	-0.56	-0.65	-0.62	-0.13	-0.47	-0.05	0.38	-0.43	-0.29	0.9
Cash	0.52	0.68	-0.03	0.37	-0.25	0.38	0.53	-0.33		0.34	0.72	1.0	-0.23	0.4	0.63	0.11	0.11	0.44	0.6	0.56	0.95	0.9	0.12	0.22	-0.02	-0.59
Non Current Assets Total	0.98	0.67	0.76	0.93	0.27	0.99	0.69	0.03	0.34		0.43	0.34	0.6	0.62	0.67	0.91	0.6	0.63	0.74	0.92	0.53	0.49	0.84	0.83	0.78	0.03
Non Currrent Assets Other	0.55	0.61	0.3	0.4	-0.14	0.43	0.52	-0.22	0.72	0.43		0.72	-0.07	0.51	0.57	0.18	-0.05	0.43	0.55	0.56	0.76	0.75	0.32	0.27	0.08	-0.34
Cash And Short Term Investments	0.52	0.68	-0.03	0.37	-0.25	0.38	0.53	-0.33	1.0	0.34	0.72		-0.23	0.4	0.63	0.11	0.1	0.43	0.6	0.56	0.95	0.9	0.11	0.22	-0.02	-0.59
Net Receivables	0.5	0.23	0.58	0.5	0.27	0.58	0.33	0.0	-0.23	0.6	-0.07	-0.23		0.37	0.26	0.7	0.47	0.54	0.32	0.42	-0.03	-0.11	0.64	0.52	0.58	0.27
Common Stock Shares Outstanding	0.67	0.8	0.67	0.74	-0.43	0.67	0.83	-0.56	0.4	0.62	0.51	0.4	0.37		0.82	0.65	0.65	0.79	0.82	0.69	0.6	0.45	0.46	0.77	0.66	-0.46
Non Current Liabilities Total	0.77	1.0	0.35	0.83	-0.51	0.74	0.99	-0.69	0.63	0.67	0.57	0.63	0.26	0.82		0.68	0.76	0.86	0.99	0.76	0.84	0.53	0.27	0.84	0.68	-0.71
Inventory	0.86	0.67	0.72	0.95	0.08	0.93	0.74	-0.16	0.11	0.91	0.18	0.11	0.7	0.65	0.68		0.81	0.66	0.76	0.8	0.36	0.24	0.68	0.93	0.94	-0.06
Other Current Assets	0.6	0.73	0.37	0.8	-0.39	0.67	0.82	-0.56	0.11	0.6	-0.05	0.1	0.47	0.65	0.76	0.81		0.69	0.79	0.55	0.36	0.04	0.23	0.91	0.89	-0.47
Other Stockholder Equity	0.69	0.84	0.4	0.71	-0.37	0.68	0.86	-0.65	0.44	0.63	0.43	0.43	0.54	0.79	0.86	0.66	0.69		0.85	0.66	0.64	0.33	0.41	0.77	0.61	-0.49
Total Liab	0.83	0.99	0.42	0.89	-0.43	0.81	0.99	-0.62	0.6	0.74	0.55	0.6	0.32	0.82	0.99	0.76	0.79	0.85		0.82	0.81	0.53	0.35	0.89	0.75	-0.64
Property Plant And Equipment Gross	0.95	0.78	0.65	0.91	0.09	0.93	0.76	-0.13	0.56	0.92	0.56	0.56	0.42	0.69	0.76	0.8	0.55	0.66	0.82		0.7	0.66	0.71	0.78	0.68	-0.17
Total Current Assets	0.69	0.87	0.14	0.6	-0.34	0.58	0.76	-0.47	0.95	0.53	0.76	0.95	-0.03	0.6	0.84	0.36	0.36	0.64	0.81	0.7		0.85	0.22	0.49	0.26	-0.67
Short Term Debt	0.63	0.58	0.26	0.46	0.01	0.5	0.45	-0.05	0.9	0.49	0.75	0.9	-0.11	0.45	0.53	0.24	0.04	0.33	0.53	0.66	0.85		0.38	0.24	0.05	-0.32
Intangible Assets	0.77	0.27	0.86	0.62	0.59	0.79	0.29	0.38	0.12	0.84	0.32	0.11	0.64	0.46	0.27	0.68	0.23	0.41	0.35	0.71	0.22	0.38		0.5	0.49	0.45
Accounts Payable	0.83	0.82	0.61	0.95	-0.22	0.88	0.89	-0.43	0.22	0.83	0.27	0.22	0.52	0.77	0.84	0.93	0.91	0.77	0.89	0.78	0.49	0.24	0.5		0.96	-0.34
Current Deferred Revenue	0.73	0.65	0.65	0.9	-0.12	0.82	0.76	-0.29	-0.02	0.78	0.08	-0.02	0.58	0.66	0.68	0.94	0.89	0.61	0.75	0.68	0.26	0.05	0.49	0.96		-0.17
Good Will	-0.14	-0.71	0.29	-0.26	0.9	-0.08	-0.67	0.9	-0.59	0.03	-0.34	-0.59	0.27	-0.46	-0.71	-0.06	-0.47	-0.49	-0.64	-0.17	-0.67	-0.32	0.45	-0.34	-0.17

Click cells to compare fundamentals

Carnival Account Relationship Matchups

Carnival fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	53.6B	53.3B	51.7B	49.1B	56.5B	59.3B
Short Long Term Debt Total	28.4B	34.6B	35.9B	31.9B	36.7B	38.5B
Other Current Liab	1.1B	1.6B	1.9B	2.0B	2.3B	1.3B
Total Current Liabilities	8.7B	10.4B	10.6B	11.5B	13.2B	13.9B
Total Stockholder Equity	20.6B	12.1B	7.1B	6.9B	7.9B	13.4B
Property Plant And Equipment Net	39.4B	39.4B	40.0B	41.4B	47.6B	50.0B
Net Debt	18.9B	25.7B	31.9B	29.5B	33.9B	35.6B
Retained Earnings	16.1B	6.4B	269M	185M	212.8M	202.1M
Cash	9.5B	8.9B	4.0B	2.4B	2.8B	2.9B
Non Current Assets Total	43.0B	43.2B	44.2B	43.9B	50.4B	53.0B
Non Currrent Assets Other	1.6B	2.0B	2.5B	725M	833.8M	576.1M
Cash And Short Term Investments	9.5B	9.1B	4.0B	2.4B	2.8B	2.9B
Net Receivables	273M	246M	395M	556M	639.4M	671.4M
Common Stock Shares Outstanding	775M	1.1B	1.2B	1.3B	1.5B	837.5M
Liabilities And Stockholders Equity	53.6B	53.3B	51.7B	49.1B	56.5B	59.3B
Non Current Liabilities Total	24.4B	30.8B	34.0B	30.8B	35.4B	37.1B
Inventory	335M	356M	428M	528M	607.2M	637.6M
Other Current Assets	442M	392M	652M	1.8B	2.0B	2.1B
Other Stockholder Equity	5.5B	6.8B	8.4B	8.3B	9.5B	10.0B
Total Liab	33.0B	41.2B	44.6B	42.2B	48.6B	51.0B
Property Plant And Equipment Gross	39.4B	57.3B	40.0B	41.4B	47.6B	50.0B
Total Current Assets	10.6B	10.1B	7.5B	5.3B	6.1B	6.4B
Accumulated Other Comprehensive Income	(1.4B)	(1.5B)	(2.0B)	(1.9B)	(1.7B)	(1.7B)
Short Term Debt	5.0B	4.9B	2.7B	2.2B	2.6B	1.3B
Intangible Assets	1.2B	1.2B	1.2B	1.2B	1.3B	1.1B
Accounts Payable	624M	797M	1.1B	1.2B	1.3B	1.4B
Current Deferred Revenue	1.9B	3.1B	4.9B	6.1B	7.0B	7.3B
Good Will	2.9B	2.9B	807M	579M	665.9M	632.6M
Other Liab	949M	1.0B	891M	1.1B	1.3B	799.7M
Long Term Debt	22.1B	28.5B	32.0B	28.5B	32.8B	34.4B
Treasury Stock	(7.8B)	(8.4B)	(8.4B)	(8.5B)	(7.6B)	(7.2B)
Property Plant Equipment	38.1B	38.1B	38.7B	41.4B	47.6B	31.3B
Net Tangible Assets	19.8B	11.6B	6.5B	5.1B	4.6B	4.4B
Long Term Debt Total	9.7B	22.1B	28.5B	32.0B	36.7B	38.6B
Capital Surpluse	8.8B	13.9B	15.3B	16.9B	19.4B	11.4B
Non Current Liabilities Other	891M	949M	1.0B	1.1B	1.3B	977.4M

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

0.53	AGS	PlayAGS Financial Report 14th of May 2024	Pair Corr
0.52	WYNN	Wynn Resorts Limited Financial Report 14th of May 2024	Pair Corr

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.

Pair Correlation Correlation Matching

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

How To Invest In Carnival

Details

Is Carnival Stock a good investment?

Details

What is Carnival's Net Worth?

Details

Largest Hotels, Resorts & Cruise Lines Companies

View

Largest Consumer Services Companies

View

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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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.

	Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated
	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities
	Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios.
	Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Economic Indicators Top statistical indicators that provide insights into how an economy is performing
	Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios
	Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing

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

0.32

Revenue Per Share

17.868

Quarterly Revenue Growth

0.22

Return On Assets

0.0294

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Carnival Total Assets vs Invested Capital Analysis

Total Assets vs Invested Capital

Total Assets vs Invested Capital Correlation Analysis

Correlation Coefficient

Total Assets

Invested Capital

Carnival fundamental ratios Correlations

Carnival Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Carnival fundamental ratios Accounts

Pair Trading with Carnival

Moving against Carnival Stock

Complementary Tools for Carnival Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.99	Net Debt

Good Will	- 0.71	Non Current Liabilities Total
Good Will	- 0.71	Short Long Term Debt Total
Non Current Liabilities Total	- 0.69	Retained Earnings
Retained Earnings	- 0.69	Net Debt
Good Will	- 0.67	Total Current Assets
Good Will	- 0.67	Net Debt