Charles Book Value per Share vs Income Tax Expense Analysis
CRL Stock | USD 239.43 0.70 0.29% |
Charles River financial indicator trend analysis is way more than just evaluating Charles River Labora prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Charles River Labora is a good investment. Please check the relationship between Charles River Book Value Per Share and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Charles River Laboratories. 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.
Book Value Per Share vs Income Tax Expense
Book Value per Share vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Charles River Labora Book Value per Share account and Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Charles River's Book Value per Share and Income Tax Expense is 0.46. Overlapping area represents the amount of variation of Book Value per Share that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Charles River Laboratories, assuming nothing else is changed. The correlation between historical values of Charles River's Book Value per Share and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value per Share of Charles River Laboratories are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Book Value per Share i.e., Charles River's Book Value per Share and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Income Tax Expense
Most indicators from Charles River's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Charles River Labora 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 Charles River Laboratories. 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. At this time, Charles River's Selling General Administrative is quite stable compared to the past year. Discontinued Operations is expected to rise to about 1.8 M this year, although Enterprise Value Over EBITDA will most likely fall to 11.38.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 73.9M | 59.3M | 136.7M | 143.5M | Depreciation And Amortization | 230.3M | 335.2M | 314.1M | 329.8M |
Charles River fundamental ratios Correlations
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Charles River Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Charles River fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.7B | 5.5B | 7.0B | 7.6B | 8.2B | 8.6B | |
Short Long Term Debt Total | 2.0B | 2.1B | 2.9B | 3.1B | 3.1B | 3.2B | |
Other Current Liab | 388.3M | 459.1M | 612.6M | 571.2M | 203.2M | 201.5M | |
Total Current Liabilities | 710.2M | 839.8M | 1.0B | 1.1B | 1.1B | 1.1B | |
Total Stockholder Equity | 1.6B | 2.1B | 2.5B | 3.0B | 3.6B | 3.8B | |
Property Plant And Equipment Net | 1.2B | 1.3B | 1.6B | 1.9B | 2.0B | 2.1B | |
Current Deferred Revenue | 171.8M | 207.9M | 219.7M | 264.3M | 241.8M | 253.9M | |
Net Debt | 1.8B | 1.9B | 2.7B | 2.9B | 2.8B | 2.9B | |
Retained Earnings | 280.3M | 625.4M | 980.8M | 1.4B | 1.9B | 2.0B | |
Accounts Payable | 111.5M | 122.5M | 198.1M | 205.9M | 168.9M | 177.4M | |
Cash | 238.0M | 228.4M | 241.2M | 233.9M | 276.8M | 172.3M | |
Non Current Assets Total | 3.7B | 4.3B | 5.8B | 6.2B | 6.6B | 6.9B | |
Non Currrent Assets Other | 89.6M | 130.8M | 151.5M | 148.3M | 309.4M | 324.9M | |
Cash And Short Term Investments | 238.0M | 228.4M | 241.2M | 233.9M | 276.8M | 173.9M | |
Net Receivables | 514.0M | 617.7M | 642.9M | 752.4M | 780.4M | 819.4M | |
Common Stock Total Equity | 489K | 498K | 505K | 509K | 585.4K | 681.5K | |
Common Stock Shares Outstanding | 49.7M | 50.6M | 51.4M | 51.3M | 51.5M | 55.4M | |
Liabilities And Stockholders Equity | 4.7B | 5.5B | 7.0B | 7.6B | 8.2B | 8.6B | |
Non Current Liabilities Total | 2.3B | 2.5B | 3.4B | 3.5B | 3.5B | 3.7B | |
Inventory | 160.7M | 185.7M | 199.1M | 255.8M | 380.3M | 399.3M | |
Other Current Assets | 56.0M | 72.6M | 97.3M | 107.6M | 83.4M | 58.7M | |
Other Stockholder Equity | 1.5B | 1.6B | 1.7B | 1.8B | 1.9B | 1.3B | |
Total Liab | 3.0B | 3.3B | 4.4B | 4.6B | 4.5B | 4.8B | |
Property Plant And Equipment Gross | 1.2B | 1.1B | 1.6B | 1.9B | 3.4B | 3.5B | |
Total Current Assets | 1.0B | 1.2B | 1.3B | 1.4B | 1.6B | 1.7B | |
Accumulated Other Comprehensive Income | (178.0M) | (138.9M) | (164.7M) | (262.1M) | (196.4M) | (186.6M) | |
Short Term Debt | 38.5M | 50.2M | 2.8M | 50.2M | 441.1M | 463.2M | |
Common Stock | 489K | 498K | 505K | 509K | 513K | 670.0K | |
Intangible Assets | 689.4M | 787.6M | 1.1B | 955.3M | 864.1M | 480.2M | |
Other Liab | 350.2M | 422.2M | 482.6M | 390.4M | 449.0M | 471.4M | |
Other Assets | 134.3M | 1.5B | (47.2M) | 1K | 1.2K | 1.1K | |
Long Term Debt | 1.8B | 1.9B | 2.6B | 2.7B | 2.6B | 2.8B | |
Good Will | 1.5B | 1.8B | 2.7B | 2.8B | 3.1B | 3.2B | |
Property Plant Equipment | 1.0B | 1.1B | 1.6B | 1.9B | 2.1B | 2.2B | |
Short Term Investments | 941K | 1.0M | 1.1M | 998K | 898.2K | 853.3K | |
Net Tangible Assets | (566.7M) | (456.7M) | (1.2B) | (786.5M) | (707.8M) | (672.4M) | |
Noncontrolling Interest In Consolidated Entity | 3.2M | 3.6M | 4.2M | 4.8M | 5.5M | 3.4M | |
Retained Earnings Total Equity | 280.3M | 625.4M | 980.8M | 1.4B | 1.6B | 1.7B |
Pair Trading with Charles River
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 Charles River 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 Charles River will appreciate offsetting losses from the drop in the long position's value.Moving against Charles Stock
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The ability to find closely correlated positions to Charles River could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Charles River 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 Charles River - 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 Charles River Laboratories to buy it.
The correlation of Charles River 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 Charles River moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Charles River Labora 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 Charles River 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 Charles River Laboratories. 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. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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Is Charles River'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 Charles River. If investors know Charles 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 Charles River 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 (0.01) | Earnings Share 9.22 | Revenue Per Share 80.61 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0519 |
The market value of Charles River Labora is measured differently than its book value, which is the value of Charles that is recorded on the company's balance sheet. Investors also form their own opinion of Charles River's value that differs from its market value or its book value, called intrinsic value, which is Charles River'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 Charles River's market value can be influenced by many factors that don't directly affect Charles River'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 Charles River's value and its price as these two are different measures arrived at by different means. Investors typically determine if Charles River is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Charles River'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.