Charles Net Income vs Operating Income Analysis

CRL Stock  USD 270.95  1.58  0.59%   
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 Net Income and its Operating Income 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.

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Charles River Labora Net Income account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Charles River's Net Income and Operating Income is 0.98. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income 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 Net Income and Operating Income 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 Charles River Laboratories are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., Charles River's Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Income

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

Operating Income

Operating Income is the amount of profit realized from Charles River Labora operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Charles River Laboratories is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
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 the value of Tax Provision will most likely fall to about 99.9 M.
 2021 2022 2023 2024 (projected)
Interest Expense73.9M59.3M136.7M143.5M
Depreciation And Amortization230.3M335.2M314.1M329.8M

Charles River fundamental ratios Correlations

0.990.660.990.990.980.980.990.930.970.811.00.90.810.98-0.130.520.990.940.360.840.990.90.990.63-0.19
0.990.720.990.970.980.981.00.890.980.830.990.860.830.98-0.120.551.00.910.390.871.00.860.980.57-0.17
0.660.720.740.560.590.740.720.440.770.750.670.290.750.69-0.180.440.730.370.450.780.730.270.64-0.14-0.18
0.990.990.740.970.970.990.990.890.980.830.990.850.840.98-0.140.530.990.90.40.861.00.840.980.56-0.18
0.990.970.560.970.980.950.970.960.940.760.990.950.760.96-0.140.470.970.970.330.780.970.940.980.72-0.2
0.980.980.590.970.980.940.970.90.940.780.980.920.780.96-0.020.60.970.960.450.840.970.930.980.69-0.07
0.980.980.740.990.950.940.980.90.970.820.980.820.820.98-0.180.480.990.880.310.840.990.820.970.53-0.23
0.991.00.720.990.970.970.980.90.980.810.990.860.820.98-0.130.541.00.910.380.861.00.860.980.57-0.18
0.930.890.440.890.960.90.90.90.890.620.930.920.630.89-0.250.250.890.940.170.60.890.910.90.73-0.3
0.970.980.770.980.940.940.970.980.890.790.970.80.790.95-0.180.460.980.850.420.820.980.790.940.47-0.22
0.810.830.750.830.760.780.820.810.620.790.80.611.00.85-0.030.60.830.670.530.920.830.610.840.33-0.06
1.00.990.670.990.990.980.980.990.930.970.80.90.80.98-0.150.50.990.940.350.830.990.890.980.63-0.21
0.90.860.290.850.950.920.820.860.920.80.610.90.610.85-0.070.420.850.990.260.630.850.990.890.88-0.14
0.810.830.750.840.760.780.820.820.630.791.00.80.610.85-0.030.60.840.680.530.920.840.620.850.33-0.06
0.980.980.690.980.960.960.980.980.890.950.850.980.850.85-0.060.580.990.910.370.860.990.860.990.59-0.11
-0.13-0.12-0.18-0.14-0.14-0.02-0.18-0.13-0.25-0.18-0.03-0.15-0.07-0.03-0.060.68-0.13-0.050.460.03-0.130.0-0.040.051.0
0.520.550.440.530.470.60.480.540.250.460.60.50.420.60.580.680.550.480.690.720.540.470.590.290.65
0.991.00.730.990.970.970.991.00.890.980.830.990.850.840.99-0.130.550.90.380.871.00.850.980.55-0.17
0.940.910.370.90.970.960.880.910.940.850.670.940.990.680.91-0.050.480.90.290.70.90.990.940.85-0.12
0.360.390.450.40.330.450.310.380.170.420.530.350.260.530.370.460.690.380.290.570.380.270.410.070.46
0.840.870.780.860.780.840.840.860.60.820.920.830.630.920.860.030.720.870.70.570.870.650.850.34-0.02
0.991.00.731.00.970.970.991.00.890.980.830.990.850.840.99-0.130.541.00.90.380.870.850.980.56-0.18
0.90.860.270.840.940.930.820.860.910.790.610.890.990.620.860.00.470.850.990.270.650.850.90.89-0.07
0.990.980.640.980.980.980.970.980.90.940.840.980.890.850.99-0.040.590.980.940.410.850.980.90.65-0.09
0.630.57-0.140.560.720.690.530.570.730.470.330.630.880.330.590.050.290.550.850.070.340.560.890.65-0.02
-0.19-0.17-0.18-0.18-0.2-0.07-0.23-0.18-0.3-0.22-0.06-0.21-0.14-0.06-0.111.00.65-0.17-0.120.46-0.02-0.18-0.07-0.09-0.02
Click cells to compare fundamentals

Charles River Account Relationship Matchups

Charles River fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.7B5.5B7.0B7.6B8.2B8.6B
Short Long Term Debt Total2.0B2.1B2.9B3.1B3.1B3.2B
Other Current Liab388.3M459.1M612.6M571.2M203.2M201.5M
Total Current Liabilities710.2M839.8M1.0B1.1B1.1B1.1B
Total Stockholder Equity1.6B2.1B2.5B3.0B3.6B3.8B
Property Plant And Equipment Net1.2B1.3B1.6B1.9B2.0B2.1B
Current Deferred Revenue171.8M207.9M219.7M264.3M241.8M253.9M
Net Debt1.8B1.9B2.7B2.9B2.8B2.9B
Retained Earnings280.3M625.4M980.8M1.4B1.9B2.0B
Accounts Payable111.5M122.5M198.1M205.9M168.9M177.4M
Cash238.0M228.4M241.2M233.9M276.8M172.3M
Non Current Assets Total3.7B4.3B5.8B6.2B6.6B6.9B
Non Currrent Assets Other89.6M130.8M151.5M148.3M309.4M324.9M
Cash And Short Term Investments238.0M228.4M241.2M233.9M276.8M173.9M
Net Receivables514.0M617.7M642.9M752.4M780.4M819.4M
Common Stock Total Equity489K498K505K509K585.4K681.5K
Common Stock Shares Outstanding49.7M50.6M51.4M51.3M51.5M55.4M
Liabilities And Stockholders Equity4.7B5.5B7.0B7.6B8.2B8.6B
Non Current Liabilities Total2.3B2.5B3.4B3.5B3.5B3.7B
Inventory160.7M185.7M199.1M255.8M380.3M399.3M
Other Current Assets56.0M72.6M97.3M107.6M83.4M58.7M
Other Stockholder Equity1.5B1.6B1.7B1.8B1.9B1.3B
Total Liab3.0B3.3B4.4B4.6B4.5B4.8B
Property Plant And Equipment Gross1.2B1.1B1.6B1.9B3.4B3.5B
Total Current Assets1.0B1.2B1.3B1.4B1.6B1.7B
Accumulated Other Comprehensive Income(178.0M)(138.9M)(164.7M)(262.1M)(196.4M)(186.6M)
Short Term Debt38.5M50.2M2.8M50.2M441.1M463.2M
Common Stock489K498K505K509K513K670.0K
Intangible Assets689.4M787.6M1.1B955.3M864.1M480.2M
Other Liab350.2M422.2M482.6M390.4M449.0M471.4M
Other Assets134.3M1.5B(47.2M)1K1.2K1.1K
Long Term Debt1.8B1.9B2.6B2.7B2.6B2.8B
Good Will1.5B1.8B2.7B2.8B3.1B3.2B
Property Plant Equipment1.0B1.1B1.6B1.9B2.1B2.2B
Short Term Investments941K1.0M1.1M998K898.2K853.3K
Net Tangible Assets(566.7M)(456.7M)(1.2B)(786.5M)(707.8M)(672.4M)
Noncontrolling Interest In Consolidated Entity3.2M3.6M4.2M4.8M5.5M3.4M
Retained Earnings Total Equity280.3M625.4M980.8M1.4B1.6B1.7B

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 together with Charles Stock

  0.88A Agilent Technologies Earnings Call TodayPairCorr

Moving against Charles Stock

  0.78KA Kineta Inc Financial Report 9th of May 2024 PairCorr
  0.69MBIO Mustang Bio Report 3rd of April 2024 PairCorr
  0.67MCRB Seres Therapeutics Financial Report 14th of May 2024 PairCorr
  0.66ME 23Andme HoldingPairCorr
  0.64MEIP MEI Pharma Financial Report 9th of May 2024 PairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether Charles River Labora is a strong investment it is important to analyze Charles River'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 Charles River's future performance. For an informed investment choice regarding Charles Stock, refer to the following important reports:
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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Charles Stock analysis

When running Charles River's price analysis, check to measure Charles River'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 Charles River is operating at the current time. Most of Charles River's value examination focuses on studying past and present price action to predict the probability of Charles River's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Charles River's price. Additionally, you may evaluate how the addition of Charles River to your portfolios can decrease your overall portfolio volatility.
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Fundamental Analysis
View fundamental data based on most recent published financial statements
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
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
9.21
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.