Charles Operating Income vs Cost of Revenue Analysis

CRL Stock

USD 230.09 2.25 0.97%

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 Operating Income and its Cost Of Revenue 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.

Operating Income vs Cost Of Revenue

Operating Income vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Charles River Labora Operating Income account and Cost of Revenue. At this time, the significance of the direction appears to have totally related.

The correlation between Charles River's Operating Income and Cost of Revenue is 0.99. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Cost of Revenue 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 Operating 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 Operating Income of Charles River Laboratories 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 Operating Income i.e., Charles River's Operating Income and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

Cost Of Revenue

Cost of Revenue is found on Charles River Labora income statement and represents the costs associated with goods and services Charles River 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 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

Interest Expense Depreciation And Amortization

Charles River fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	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	Common Stock
Total Assets		0.99	0.66	0.99	0.99	0.98	0.98	0.99	0.93	0.97	0.81	1.0	0.9	0.81	0.98	-0.13	0.52	0.99	0.94	0.36	0.84	0.99	0.9	0.99	0.63	-0.19
Short Long Term Debt Total	0.99		0.72	0.99	0.97	0.98	0.98	1.0	0.89	0.98	0.83	0.99	0.86	0.83	0.98	-0.12	0.55	1.0	0.91	0.39	0.87	1.0	0.86	0.98	0.57	-0.17
Other Current Liab	0.66	0.72		0.74	0.56	0.59	0.74	0.72	0.44	0.77	0.75	0.67	0.29	0.75	0.69	-0.18	0.44	0.73	0.37	0.45	0.78	0.73	0.27	0.64	-0.14	-0.18
Total Current Liabilities	0.99	0.99	0.74		0.97	0.97	0.99	0.99	0.89	0.98	0.83	0.99	0.85	0.84	0.98	-0.14	0.53	0.99	0.9	0.4	0.86	1.0	0.84	0.98	0.56	-0.18
Total Stockholder Equity	0.99	0.97	0.56	0.97		0.98	0.95	0.97	0.96	0.94	0.76	0.99	0.95	0.76	0.96	-0.14	0.47	0.97	0.97	0.33	0.78	0.97	0.94	0.98	0.72	-0.2
Property Plant And Equipment Net	0.98	0.98	0.59	0.97	0.98		0.94	0.97	0.9	0.94	0.78	0.98	0.92	0.78	0.96	-0.02	0.6	0.97	0.96	0.45	0.84	0.97	0.93	0.98	0.69	-0.07
Current Deferred Revenue	0.98	0.98	0.74	0.99	0.95	0.94		0.98	0.9	0.97	0.82	0.98	0.82	0.82	0.98	-0.18	0.48	0.99	0.88	0.31	0.84	0.99	0.82	0.97	0.53	-0.23
Net Debt	0.99	1.0	0.72	0.99	0.97	0.97	0.98		0.9	0.98	0.81	0.99	0.86	0.82	0.98	-0.13	0.54	1.0	0.91	0.38	0.86	1.0	0.86	0.98	0.57	-0.18
Retained Earnings	0.93	0.89	0.44	0.89	0.96	0.9	0.9	0.9		0.89	0.62	0.93	0.92	0.63	0.89	-0.25	0.25	0.89	0.94	0.17	0.6	0.89	0.91	0.9	0.73	-0.3
Accounts Payable	0.97	0.98	0.77	0.98	0.94	0.94	0.97	0.98	0.89		0.79	0.97	0.8	0.79	0.95	-0.18	0.46	0.98	0.85	0.42	0.82	0.98	0.79	0.94	0.47	-0.22
Cash	0.81	0.83	0.75	0.83	0.76	0.78	0.82	0.81	0.62	0.79		0.8	0.61	1.0	0.85	-0.03	0.6	0.83	0.67	0.53	0.92	0.83	0.61	0.84	0.33	-0.06
Non Current Assets Total	1.0	0.99	0.67	0.99	0.99	0.98	0.98	0.99	0.93	0.97	0.8		0.9	0.8	0.98	-0.15	0.5	0.99	0.94	0.35	0.83	0.99	0.89	0.98	0.63	-0.21
Non Currrent Assets Other	0.9	0.86	0.29	0.85	0.95	0.92	0.82	0.86	0.92	0.8	0.61	0.9		0.61	0.85	-0.07	0.42	0.85	0.99	0.26	0.63	0.85	0.99	0.89	0.88	-0.14
Cash And Short Term Investments	0.81	0.83	0.75	0.84	0.76	0.78	0.82	0.82	0.63	0.79	1.0	0.8	0.61		0.85	-0.03	0.6	0.84	0.68	0.53	0.92	0.84	0.62	0.85	0.33	-0.06
Net Receivables	0.98	0.98	0.69	0.98	0.96	0.96	0.98	0.98	0.89	0.95	0.85	0.98	0.85	0.85		-0.06	0.58	0.99	0.91	0.37	0.86	0.99	0.86	0.99	0.59	-0.11
Common Stock Total Equity	-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	-0.06		0.68	-0.13	-0.05	0.46	0.03	-0.13	0.0	-0.04	0.05	1.0
Common Stock Shares Outstanding	0.52	0.55	0.44	0.53	0.47	0.6	0.48	0.54	0.25	0.46	0.6	0.5	0.42	0.6	0.58	0.68		0.55	0.48	0.69	0.72	0.54	0.47	0.59	0.29	0.65
Non Current Liabilities Total	0.99	1.0	0.73	0.99	0.97	0.97	0.99	1.0	0.89	0.98	0.83	0.99	0.85	0.84	0.99	-0.13	0.55		0.9	0.38	0.87	1.0	0.85	0.98	0.55	-0.17
Inventory	0.94	0.91	0.37	0.9	0.97	0.96	0.88	0.91	0.94	0.85	0.67	0.94	0.99	0.68	0.91	-0.05	0.48	0.9		0.29	0.7	0.9	0.99	0.94	0.85	-0.12
Other Current Assets	0.36	0.39	0.45	0.4	0.33	0.45	0.31	0.38	0.17	0.42	0.53	0.35	0.26	0.53	0.37	0.46	0.69	0.38	0.29		0.57	0.38	0.27	0.41	0.07	0.46
Other Stockholder Equity	0.84	0.87	0.78	0.86	0.78	0.84	0.84	0.86	0.6	0.82	0.92	0.83	0.63	0.92	0.86	0.03	0.72	0.87	0.7	0.57		0.87	0.65	0.85	0.34	-0.02
Total Liab	0.99	1.0	0.73	1.0	0.97	0.97	0.99	1.0	0.89	0.98	0.83	0.99	0.85	0.84	0.99	-0.13	0.54	1.0	0.9	0.38	0.87		0.85	0.98	0.56	-0.18
Property Plant And Equipment Gross	0.9	0.86	0.27	0.84	0.94	0.93	0.82	0.86	0.91	0.79	0.61	0.89	0.99	0.62	0.86	0.0	0.47	0.85	0.99	0.27	0.65	0.85		0.9	0.89	-0.07
Total Current Assets	0.99	0.98	0.64	0.98	0.98	0.98	0.97	0.98	0.9	0.94	0.84	0.98	0.89	0.85	0.99	-0.04	0.59	0.98	0.94	0.41	0.85	0.98	0.9		0.65	-0.09
Short Term Debt	0.63	0.57	-0.14	0.56	0.72	0.69	0.53	0.57	0.73	0.47	0.33	0.63	0.88	0.33	0.59	0.05	0.29	0.55	0.85	0.07	0.34	0.56	0.89	0.65		-0.02
Common Stock	-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	-0.11	1.0	0.65	-0.17	-0.12	0.46	-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

	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 together with Charles Stock

0.87	A	Agilent Technologies Financial Report 28th of May 2024	Pair Corr
0.62	DSGN	Design Therapeutics Financial Report 14th of May 2024	Pair Corr

Moving against Charles Stock

0.82	BNR	Burning Rock BiotechLtd Financial Report 4th of June 2024	Pair Corr
0.69	VALN	Valneva SE ADR Financial Report 2nd of May 2024	Pair Corr
0.54	VRTX	Vertex Pharmaceuticals Financial Report 6th of May 2024	Pair Corr

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 Correlation Correlation 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:

How To Invest In Charles

Details

Is Charles Stock a good investment?

Details

What is Charles River'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 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 Global Correlations module to find global opportunities by holding instruments from different markets.

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.

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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.

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Charles Operating Income vs Cost of Revenue Analysis

Operating Income vs Cost Of Revenue

Operating Income vs Cost of Revenue Correlation Analysis

Correlation Coefficient

Operating Income

Cost Of Revenue

Charles River fundamental ratios Correlations

Charles River Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Charles River fundamental ratios Accounts

Pair Trading with Charles River

Moving together with Charles Stock

Moving against Charles Stock

Complementary Tools for Charles Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Current Liabilities
Non Current Liabilities Total	+ 1.0	Net Debt

Common Stock	- 0.3	Retained Earnings
Common Stock Total Equity	- 0.25	Retained Earnings
Common Stock	- 0.23	Current Deferred Revenue
Common Stock	- 0.22	Accounts Payable
Common Stock	- 0.21	Non Current Assets Total
Common Stock	- 0.2	Total Stockholder Equity