Descartes Historical Income Statement

DSGX Stock

USD 87.35 1.36 1.53%

Historical analysis of Descartes Systems income statement accounts such as Total Revenue of 604 M or Gross Profit of 394.4 M can show how well Descartes Systems Group performed in making a profits. Evaluating Descartes Systems income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Descartes Systems's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Descartes Systems latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Descartes Systems is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Descartes Systems Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

About Descartes Income Statement Analysis

Descartes Systems Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Descartes Systems shareholders. The income statement also shows Descartes investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Descartes Systems Income Statement Chart

Descartes Systems Group Income Statement is one of the three primary financial statements used for reporting Descartes's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Descartes Systems revenue and expense. Descartes Systems Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Descartes Systems' Income Before Tax is fairly stable compared to the past year. Net Income is likely to rise to about 122.2 M in 2024, whereas Total Operating Expenses is likely to drop slightly above 105.9 M in 2024.

Total Revenue Gross Profit Other Operating Expenses Research Development

Total Revenue

Total revenue comprises all receipts Descartes Systems generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Descartes Systems Group minus its cost of goods sold. It is profit before Descartes Systems operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Descartes Systems. It is also known as Descartes Systems overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Descartes Systems' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Descartes Systems current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Descartes Systems Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

	2021	2022	2023	2024 (projected)
Gross Profit	322.9M	372.7M	375.6M	394.4M
Total Revenue	424.7M	486.0M	575.2M	604.0M

Gross Profit Total Revenue

Descartes Systems income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.59	0.94	0.96	0.96	0.87	0.88	0.95	0.93	0.83	0.87	0.88	-0.54	0.88	0.86	0.7	0.92	0.88	0.48	0.78	0.97	-0.47	0.92	-0.48
Interest Expense	0.59		0.41	0.43	0.47	0.27	0.28	0.46	0.37	0.34	0.54	0.26	-0.19	0.26	0.26	0.27	0.42	0.25	0.3	0.16	0.54	-0.95	0.47	-0.09
Total Revenue	0.94	0.41		0.99	1.0	0.98	0.98	1.0	1.0	0.96	0.76	0.98	-0.73	0.98	0.96	0.66	0.96	0.97	0.55	0.92	0.93	-0.26	0.9	-0.68
Gross Profit	0.96	0.43	0.99		0.99	0.96	0.96	0.99	0.99	0.91	0.83	0.97	-0.64	0.97	0.94	0.69	0.95	0.96	0.54	0.89	0.94	-0.29	0.91	-0.59
Other Operating Expenses	0.96	0.47	1.0	0.99		0.96	0.97	1.0	0.99	0.94	0.79	0.96	-0.71	0.96	0.94	0.65	0.96	0.95	0.57	0.89	0.94	-0.32	0.9	-0.65
Operating Income	0.87	0.27	0.98	0.96	0.96		1.0	0.96	0.99	0.97	0.67	1.0	-0.78	0.99	0.98	0.67	0.95	0.99	0.49	0.97	0.89	-0.12	0.87	-0.75
Ebit	0.88	0.28	0.98	0.96	0.97	1.0		0.97	0.99	0.97	0.68	1.0	-0.77	0.99	0.98	0.66	0.95	0.99	0.51	0.97	0.89	-0.13	0.87	-0.74
Research Development	0.95	0.46	1.0	0.99	1.0	0.96	0.97		0.99	0.95	0.78	0.96	-0.72	0.96	0.94	0.63	0.95	0.95	0.59	0.89	0.92	-0.31	0.88	-0.66
Ebitda	0.93	0.37	1.0	0.99	0.99	0.99	0.99	0.99		0.96	0.75	0.99	-0.73	0.99	0.97	0.69	0.97	0.99	0.51	0.94	0.93	-0.23	0.91	-0.69
Cost Of Revenue	0.83	0.34	0.96	0.91	0.94	0.97	0.97	0.95	0.96		0.57	0.95	-0.88	0.94	0.95	0.56	0.92	0.94	0.56	0.93	0.84	-0.17	0.82	-0.84
Total Operating Expenses	0.87	0.54	0.76	0.83	0.79	0.67	0.68	0.78	0.75	0.57		0.7	-0.22	0.71	0.66	0.71	0.72	0.69	0.45	0.56	0.8	-0.45	0.82	-0.05
Income Before Tax	0.88	0.26	0.98	0.97	0.96	1.0	1.0	0.96	0.99	0.95	0.7		-0.73	1.0	0.98	0.68	0.95	0.99	0.5	0.96	0.89	-0.12	0.88	-0.7
Total Other Income Expense Net	-0.54	-0.19	-0.73	-0.64	-0.71	-0.78	-0.77	-0.72	-0.73	-0.88	-0.22	-0.73		-0.73	-0.73	-0.36	-0.71	-0.73	-0.42	-0.75	-0.59	0.02	-0.57	0.91
Net Income	0.88	0.26	0.98	0.97	0.96	0.99	0.99	0.96	0.99	0.94	0.71	1.0	-0.73		0.97	0.67	0.94	0.99	0.51	0.95	0.89	-0.12	0.88	-0.69
Income Tax Expense	0.86	0.26	0.96	0.94	0.94	0.98	0.98	0.94	0.97	0.95	0.66	0.98	-0.73	0.97		0.68	0.95	0.97	0.45	0.98	0.87	-0.1	0.86	-0.73
Selling General Administrative	0.7	0.27	0.66	0.69	0.65	0.67	0.66	0.63	0.69	0.56	0.71	0.68	-0.36	0.67	0.68		0.77	0.72	-0.13	0.68	0.75	-0.23	0.83	-0.25
Selling And Marketing Expenses	0.92	0.42	0.96	0.95	0.96	0.95	0.95	0.95	0.97	0.92	0.72	0.95	-0.71	0.94	0.95	0.77		0.96	0.33	0.92	0.92	-0.3	0.89	-0.69
Net Income From Continuing Ops	0.88	0.25	0.97	0.96	0.95	0.99	0.99	0.95	0.99	0.94	0.69	0.99	-0.73	0.99	0.97	0.72	0.96		0.42	0.96	0.9	-0.12	0.89	-0.7
Non Recurring	0.48	0.3	0.55	0.54	0.57	0.49	0.51	0.59	0.51	0.56	0.45	0.5	-0.42	0.51	0.45	-0.13	0.33	0.42		0.35	0.37	-0.14	0.33	-0.31
Tax Provision	0.78	0.16	0.92	0.89	0.89	0.97	0.97	0.89	0.94	0.93	0.56	0.96	-0.75	0.95	0.98	0.68	0.92	0.96	0.35		0.84	-0.04	0.84	-0.77
Interest Income	0.97	0.54	0.93	0.94	0.94	0.89	0.89	0.92	0.93	0.84	0.8	0.89	-0.59	0.89	0.87	0.75	0.92	0.9	0.37	0.84		-0.46	0.97	-0.54
Net Interest Income	-0.47	-0.95	-0.26	-0.29	-0.32	-0.12	-0.13	-0.31	-0.23	-0.17	-0.45	-0.12	0.02	-0.12	-0.1	-0.23	-0.3	-0.12	-0.14	-0.04	-0.46		-0.39	-0.04
Reconciled Depreciation	0.92	0.47	0.9	0.91	0.9	0.87	0.87	0.88	0.91	0.82	0.82	0.88	-0.57	0.88	0.86	0.83	0.89	0.89	0.33	0.84	0.97	-0.39		-0.47
Extraordinary Items	-0.48	-0.09	-0.68	-0.59	-0.65	-0.75	-0.74	-0.66	-0.69	-0.84	-0.05	-0.7	0.91	-0.69	-0.73	-0.25	-0.69	-0.7	-0.31	-0.77	-0.54	-0.04	-0.47

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Descartes Systems Account Relationship Matchups

Descartes Systems income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	61.5M	61.7M	64.2M	65.4M	66.2M	69.6M
Interest Expense	4.4M	1.2M	1.1M	1.2M	1.4M	1.4M
Total Revenue	325.8M	348.7M	424.7M	486.0M	575.2M	604.0M
Gross Profit	240.1M	258.8M	322.9M	372.7M	375.6M	394.4M
Other Operating Expenses	269.7M	274.9M	314.8M	350.1M	405.5M	425.7M
Operating Income	52.3M	71.4M	103.4M	130.4M	169.8M	178.3M
Ebit	56.1M	73.7M	103.4M	135.9M	169.8M	178.3M
Research Development	53.5M	54.1M	62.6M	70.4M	84.4M	88.7M
Ebitda	117.6M	135.4M	167.7M	201.3M	236.0M	247.8M
Cost Of Revenue	85.7M	89.9M	101.8M	113.3M	199.6M	209.6M
Total Operating Expenses	184.0M	185.0M	213.0M	236.8M	205.9M	105.9M
Income Before Tax	48.0M	70.4M	102.6M	133.7M	151.8M	159.3M
Total Other Income Expense Net	(3.6M)	(2.2M)	(6.1M)	(980K)	(18.0M)	(18.9M)
Net Income	37.0M	52.1M	86.3M	102.2M	116.4M	122.2M
Income Tax Expense	11.0M	18.3M	16.3M	31.5M	35.4M	37.2M
Selling General Administrative	34.6M	36.3M	44.5M	49.7M	57.2M	30.2M
Selling And Marketing Expenses	40.4M	38.8M	46.9M	56.6M	65.1M	68.3M
Net Income Applicable To Common Shares	37.0M	52.1M	86.3M	102.2M	117.6M	123.4M
Net Income From Continuing Ops	37.0M	52.1M	86.3M	102.2M	117.6M	123.4M
Tax Provision	11.0M	18.3M	16.3M	31.5M	36.2M	38.0M
Net Interest Income	(4.4M)	(1.2M)	(1.1M)	(1.2M)	(1.1M)	(1.1M)
Reconciled Depreciation	61.5M	61.7M	64.2M	65.4M	75.2M	61.4M

Pair Trading with Descartes Systems

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

Moving together with Descartes Stock

0.73	DJCO	Daily Journal Corp	Pair Corr
0.78	BL	Blackline Financial Report 2nd of May 2024	Pair Corr

Moving against Descartes Stock

0.64	U	Unity Software Financial Report 8th of May 2024	Pair Corr
0.55	EB	Eventbrite Class A Financial Report 14th of May 2024	Pair Corr
0.55	PD	Pagerduty Downward Rally	Pair Corr
0.48	DT	Dynatrace Holdings LLC Financial Report 15th of May 2024	Pair Corr
0.48	DMAN	Innovativ Media Group	Pair Corr

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

The correlation of Descartes Systems 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 Descartes Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Descartes Systems 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 Descartes Systems 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 Descartes Systems offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Descartes Systems' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Descartes Systems Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Descartes Systems Group Stock:

How To Invest In Descartes

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Is Descartes Stock a good investment?

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What is Descartes Systems' Net Worth?

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Note that the Descartes Systems information on this page should be used as a complementary analysis to other Descartes Systems' 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Descartes Stock analysis

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

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Is Descartes Systems' 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 Descartes Systems. If investors know Descartes 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 Descartes Systems 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

0.088

Earnings Share

1.31

Revenue Per Share

6.735

Quarterly Revenue Growth

0.184

Return On Assets

0.0737

The market value of Descartes Systems is measured differently than its book value, which is the value of Descartes that is recorded on the company's balance sheet. Investors also form their own opinion of Descartes Systems' value that differs from its market value or its book value, called intrinsic value, which is Descartes Systems' 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 Descartes Systems' market value can be influenced by many factors that don't directly affect Descartes Systems' 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 Descartes Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Descartes Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Descartes Systems' 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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Descartes Historical Income Statement

About Descartes Income Statement Analysis

Descartes Systems Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Descartes Systems income statement Correlations

Descartes Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Descartes Systems income statement Accounts

Pair Trading with Descartes Systems

Moving together with Descartes Stock

Moving against Descartes Stock

Complementary Tools for Descartes Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Research Development	+ 1.0	Total Revenue
Ebitda	+ 1.0	Total Revenue
Research Development	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Operating Income

Net Interest Income	- 0.95	Interest Expense
Total Other Income Expense Net	- 0.88	Cost Of Revenue
Extraordinary Items	- 0.84	Cost Of Revenue
Total Other Income Expense Net	- 0.78	Operating Income
Extraordinary Items	- 0.77	Tax Provision
Total Other Income Expense Net	- 0.77	Ebit