Cintas Ebit vs Reconciled Depreciation Analysis

CTAS Stock

USD 682.48 10.03 1.49%

Cintas financial indicator trend analysis is way more than just evaluating Cintas prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cintas is a good investment. Please check the relationship between Cintas Ebit and its Reconciled Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Ebit vs Reconciled Depreciation

Ebit vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cintas Ebit account and Reconciled Depreciation. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Cintas' Ebit and Reconciled Depreciation is 0.88. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Cintas, assuming nothing else is changed. The correlation between historical values of Cintas' Ebit and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Cintas are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Ebit i.e., Cintas' Ebit and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Ebit

Reconciled Depreciation

Most indicators from Cintas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cintas 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Selling General Administrative is likely to gain to about 2.9 B in 2024, despite the fact that Discontinued Operations is likely to grow to (276.2 K).

	2021	2022	2023	2024 (projected)
Gross Profit	3.6B	4.2B	4.8B	5.0B
Total Revenue	7.9B	8.8B	10.1B	10.6B

Gross Profit Total Revenue

Cintas 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	Accounts Payable	Common Stock Total Equity	Short Term Investments	Common Stock
Total Assets		0.95	0.77	0.88	0.98	0.99	0.93	0.96	-0.17	0.99	0.3	-0.17	0.94	-0.63	0.96	0.95	0.03	-0.91	0.99	0.99	0.97	0.04	0.97	0.88	0.71	0.88
Short Long Term Debt Total	0.95		0.58	0.84	0.87	0.94	0.99	0.86	-0.26	0.98	0.09	-0.26	0.86	-0.65	0.98	0.87	-0.09	-0.84	0.99	0.94	0.87	0.1	0.89	0.76	0.65	0.76
Other Current Liab	0.77	0.58		0.64	0.86	0.76	0.57	0.83	-0.1	0.73	0.62	-0.1	0.78	-0.47	0.65	0.79	0.24	-0.73	0.68	0.76	0.81	-0.14	0.84	0.8	0.66	0.8
Total Current Liabilities	0.88	0.84	0.64		0.85	0.84	0.8	0.85	0.02	0.86	0.26	0.03	0.81	-0.58	0.76	0.83	-0.04	-0.85	0.87	0.84	0.88	0.02	0.81	0.79	0.72	0.79
Total Stockholder Equity	0.98	0.87	0.86	0.85		0.97	0.84	0.97	-0.07	0.95	0.41	-0.07	0.95	-0.55	0.9	0.95	0.12	-0.89	0.93	0.97	0.99	0.02	0.97	0.89	0.69	0.89
Property Plant And Equipment Net	0.99	0.94	0.76	0.84	0.97		0.92	0.95	-0.17	0.98	0.23	-0.16	0.94	-0.59	0.96	0.93	0.02	-0.88	0.97	1.0	0.95	0.05	0.95	0.83	0.67	0.83
Net Debt	0.93	0.99	0.57	0.8	0.84	0.92		0.85	-0.4	0.96	0.12	-0.4	0.84	-0.7	0.98	0.85	-0.16	-0.84	0.97	0.92	0.83	0.08	0.88	0.77	0.68	0.77
Retained Earnings	0.96	0.86	0.83	0.85	0.97	0.95	0.85		-0.22	0.94	0.49	-0.21	0.93	-0.68	0.9	0.98	0.03	-0.96	0.93	0.95	0.98	-0.07	0.98	0.96	0.77	0.96
Cash	-0.17	-0.26	-0.1	0.02	-0.07	-0.17	-0.4	-0.22		-0.23	-0.24	0.99	-0.19	0.55	-0.32	-0.19	0.48	0.29	-0.24	-0.17	-0.03	0.12	-0.24	-0.32	-0.37	-0.32
Non Current Assets Total	0.99	0.98	0.73	0.86	0.95	0.98	0.96	0.94	-0.23		0.25	-0.24	0.92	-0.65	0.98	0.93	-0.02	-0.89	0.99	0.98	0.94	0.07	0.96	0.85	0.71	0.85
Non Currrent Assets Other	0.3	0.09	0.62	0.26	0.41	0.23	0.12	0.49	-0.24	0.25		-0.25	0.38	-0.38	0.18	0.43	0.07	-0.48	0.21	0.23	0.4	-0.42	0.46	0.68	0.63	0.68
Cash And Short Term Investments	-0.17	-0.26	-0.1	0.03	-0.07	-0.16	-0.4	-0.21	0.99	-0.24	-0.25		-0.19	0.55	-0.33	-0.18	0.46	0.29	-0.24	-0.16	-0.02	0.11	-0.25	-0.32	-0.39	-0.32
Net Receivables	0.94	0.86	0.78	0.81	0.95	0.94	0.84	0.93	-0.19	0.92	0.38	-0.19		-0.5	0.87	0.86	-0.05	-0.86	0.9	0.94	0.93	-0.05	0.92	0.86	0.65	0.86
Common Stock Shares Outstanding	-0.63	-0.65	-0.47	-0.58	-0.55	-0.59	-0.7	-0.68	0.55	-0.65	-0.38	0.55	-0.5		-0.67	-0.71	0.29	0.74	-0.68	-0.59	-0.57	-0.01	-0.68	-0.72	-0.69	-0.72
Non Current Liabilities Total	0.96	0.98	0.65	0.76	0.9	0.96	0.98	0.9	-0.32	0.98	0.18	-0.33	0.87	-0.67		0.9	-0.04	-0.85	0.98	0.96	0.88	0.06	0.93	0.8	0.66	0.8
Inventory	0.95	0.87	0.79	0.83	0.95	0.93	0.85	0.98	-0.19	0.93	0.43	-0.18	0.86	-0.71	0.9		0.12	-0.94	0.93	0.93	0.96	-0.04	0.97	0.93	0.75	0.93
Other Current Assets	0.03	-0.09	0.24	-0.04	0.12	0.02	-0.16	0.03	0.48	-0.02	0.07	0.46	-0.05	0.29	-0.04	0.12		0.05	-0.04	0.02	0.13	-0.36	0.09	-0.01	-0.1	-0.01
Other Stockholder Equity	-0.91	-0.84	-0.73	-0.85	-0.89	-0.88	-0.84	-0.96	0.29	-0.89	-0.48	0.29	-0.86	0.74	-0.85	-0.94	0.05		-0.9	-0.88	-0.91	0.07	-0.92	-0.94	-0.84	-0.94
Total Liab	0.99	0.99	0.68	0.87	0.93	0.97	0.97	0.93	-0.24	0.99	0.21	-0.24	0.9	-0.68	0.98	0.93	-0.04	-0.9		0.97	0.93	0.05	0.94	0.84	0.71	0.84
Property Plant And Equipment Gross	0.99	0.94	0.76	0.84	0.97	1.0	0.92	0.95	-0.17	0.98	0.23	-0.16	0.94	-0.59	0.96	0.93	0.02	-0.88	0.97		0.95	0.05	0.95	0.83	0.67	0.83
Total Current Assets	0.97	0.87	0.81	0.88	0.99	0.95	0.83	0.98	-0.03	0.94	0.4	-0.02	0.93	-0.57	0.88	0.96	0.13	-0.91	0.93	0.95		-0.03	0.96	0.9	0.69	0.9
Short Term Debt	0.04	0.1	-0.14	0.02	0.02	0.05	0.08	-0.07	0.12	0.07	-0.42	0.11	-0.05	-0.01	0.06	-0.04	-0.36	0.07	0.05	0.05	-0.03		-0.04	-0.16	-0.29	-0.16
Accounts Payable	0.97	0.89	0.84	0.81	0.97	0.95	0.88	0.98	-0.24	0.96	0.46	-0.25	0.92	-0.68	0.93	0.97	0.09	-0.92	0.94	0.95	0.96	-0.04		0.93	0.74	0.93
Common Stock Total Equity	0.88	0.76	0.8	0.79	0.89	0.83	0.77	0.96	-0.32	0.85	0.68	-0.32	0.86	-0.72	0.8	0.93	-0.01	-0.94	0.84	0.83	0.9	-0.16	0.93		0.82	1.0
Short Term Investments	0.71	0.65	0.66	0.72	0.69	0.67	0.68	0.77	-0.37	0.71	0.63	-0.39	0.65	-0.69	0.66	0.75	-0.1	-0.84	0.71	0.67	0.69	-0.29	0.74	0.82		0.82
Common Stock	0.88	0.76	0.8	0.79	0.89	0.83	0.77	0.96	-0.32	0.85	0.68	-0.32	0.86	-0.72	0.8	0.93	-0.01	-0.94	0.84	0.83	0.9	-0.16	0.93	1.0	0.82

Click cells to compare fundamentals

Cintas Account Relationship Matchups

Cintas fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.7B	8.2B	8.1B	8.5B	9.8B	10.3B
Short Long Term Debt Total	2.7B	2.7B	3.0B	2.7B	3.1B	3.2B
Other Current Liab	611.2M	760.4M	352.2M	884.1M	1.0B	1.1B
Total Current Liabilities	885.2M	1.9B	1.4B	1.2B	1.4B	1.5B
Total Stockholder Equity	3.2B	3.7B	3.3B	3.9B	4.4B	4.7B
Property Plant And Equipment Net	1.6B	1.5B	1.5B	1.6B	1.8B	1.9B
Net Debt	2.6B	2.2B	2.9B	2.5B	2.9B	3.1B
Retained Earnings	7.3B	7.9B	8.7B	9.6B	11.0B	11.6B
Cash	145.4M	493.6M	90.5M	124.1M	142.8M	135.5M
Non Current Assets Total	5.4B	5.4B	5.5B	5.6B	6.4B	6.8B
Non Currrent Assets Other	(127.8M)	(76.2M)	(129.7M)	100.5M	90.4M	94.9M
Cash And Short Term Investments	145.4M	493.6M	90.5M	124.1M	142.8M	181.6M
Net Receivables	870.4M	924.0M	1.0B	1.2B	1.3B	1.4B
Common Stock Shares Outstanding	107.0M	107.7M	105.5M	103.4M	93.0M	110.4M
Liabilities And Stockholders Equity	7.7B	8.2B	8.1B	8.5B	9.8B	10.3B
Non Current Liabilities Total	3.5B	2.6B	3.4B	3.5B	4.0B	4.2B
Inventory	1.2B	1.3B	1.4B	1.5B	1.7B	1.8B
Other Current Assets	114.6M	133.8M	124.7M	142.8M	164.2M	183.4M
Other Stockholder Equity	(5.0B)	(5.6B)	(7.3B)	(7.8B)	(7.1B)	(6.7B)
Total Liab	4.4B	4.5B	4.8B	4.7B	5.4B	5.7B
Property Plant And Equipment Gross	1.6B	1.5B	1.5B	1.6B	1.8B	1.9B
Total Current Assets	2.3B	2.8B	2.6B	2.9B	3.4B	3.5B
Accumulated Other Comprehensive Income	(153.4M)	30.9M	107.9M	77.8M	89.4M	93.9M
Short Term Debt	43.0M	942.9M	355.4M	43.7M	50.3M	47.8M
Accounts Payable	231.0M	230.8M	251.5M	302.3M	347.6M	365.0M
Common Stock Total Equity	1.1B	1.4B	1.8B	2.0B	2.3B	2.5B
Common Stock	1.1B	1.4B	1.8B	2.0B	2.3B	2.5B
Other Assets	409.1M	450.9M	560.3M	344.1M	395.7M	226.6M
Long Term Debt	2.5B	1.6B	2.5B	2.5B	2.9B	3.0B
Property Plant Equipment	1.4B	1.4B	1.5B	1.4B	1.6B	1.1B
Good Will	2.9B	2.9B	3.0B	3.1B	3.5B	1.9B
Intangible Assets	451.5M	408.4M	391.6M	346.6M	311.9M	274.0M
Treasury Stock	(4.7B)	(5.2B)	(5.7B)	(7.3B)	(6.6B)	(6.2B)
Other Liab	732.3M	721.4M	779.7M	793.2M	912.2M	957.8M
Net Tangible Assets	(86.3M)	279.4M	(126.4M)	461.2M	415.1M	435.8M
Retained Earnings Total Equity	7.3B	7.9B	8.7B	9.6B	11.0B	5.9B
Long Term Debt Total	2.5B	1.6B	2.5B	2.5B	2.9B	2.1B
Capital Surpluse	245.2M	227.9M	171.5M	98.9M	113.7M	177.7M

Pair Trading with Cintas

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

Moving together with Cintas Stock

0.74	BR	Broadridge Financial Fiscal Year End 13th of August 2024	Pair Corr
0.82	BV	BrightView Holdings Fiscal Year End 21st of November 2024	Pair Corr
0.82	FA	First Advantage Corp	Pair Corr
0.62	FC	Franklin Covey Financial Report 26th of June 2024	Pair Corr
0.73	LZ	LegalZoom	Pair Corr

Moving against Cintas Stock

0.45

NL Industries

Pair Corr

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

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

Additional Tools for Cintas Stock Analysis

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

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