Descartes Net Income From Continuing Ops vs Operating Income Analysis

DSGX Stock

USD 94.24 0.26 0.28%

Descartes Systems financial indicator trend analysis is much more than just examining Descartes Systems latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Descartes Systems is a good investment. Please check the relationship between Descartes Systems Net Income From Continuing Ops and its Operating Income accounts. 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.

Net Income From Continuing Ops vs Operating Income

Net Income From Continuing Ops vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Descartes Systems Net Income From Continuing Ops account and Operating Income. At this time, the significance of the direction appears to have totally related.

The correlation between Descartes Systems' Net Income From Continuing Ops and Operating Income is 0.99. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Operating Income in the same time period over historical financial statements of Descartes Systems Group, assuming nothing else is changed. The correlation between historical values of Descartes Systems' Net Income From Continuing Ops 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 From Continuing Ops of Descartes Systems Group 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 From Continuing Ops i.e., Descartes Systems' Net Income From Continuing Ops and Operating Income go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income From Continuing Ops

Operating Income

Operating Income is the amount of profit realized from Descartes Systems 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 Descartes Systems Group 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 Descartes Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.

At this time, Descartes Systems' Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.13 in 2024, whereas Selling General Administrative is likely to drop slightly above 31.5 M in 2024.

	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 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Other Assets	Good Will	Common Stock Total Equity	Property Plant And Equipment Gross	Common Stock
Total Assets		-0.65	0.93	0.98	1.0	0.69	-0.84	0.83	0.81	0.87	0.99	-0.58	0.87	0.99	0.6	0.97	-0.39	0.97	0.9	-0.01	0.93	0.6	0.99	0.96	0.91	0.82
Short Long Term Debt Total	-0.65		-0.65	-0.66	-0.65	-0.41	0.62	-0.89	-0.69	-0.62	-0.63	0.39	-0.62	-0.57	0.09	-0.72	0.57	-0.61	-0.61	0.09	-0.56	-0.26	-0.66	-0.74	-0.65	-0.66
Other Current Liab	0.93	-0.65		0.96	0.92	0.47	-0.82	0.87	0.82	0.86	0.9	-0.65	0.86	0.91	0.46	0.94	-0.3	0.95	0.88	-0.26	0.82	0.44	0.92	0.85	0.91	0.67
Total Current Liabilities	0.98	-0.66	0.96		0.97	0.54	-0.9	0.89	0.9	0.93	0.94	-0.7	0.93	0.96	0.49	0.99	-0.27	0.98	0.95	0.0	0.85	0.54	0.96	0.91	0.96	0.72
Total Stockholder Equity	1.0	-0.65	0.92	0.97		0.7	-0.84	0.83	0.8	0.86	0.99	-0.58	0.86	0.98	0.61	0.96	-0.4	0.96	0.89	0.0	0.94	0.61	0.99	0.97	0.9	0.83
Property Plant And Equipment Net	0.69	-0.41	0.47	0.54	0.7		-0.33	0.35	0.29	0.34	0.76	0.0	0.34	0.7	0.72	0.54	-0.7	0.61	0.4	0.03	0.81	0.75	0.72	0.74	0.45	0.86
Net Debt	-0.84	0.62	-0.82	-0.9	-0.84	-0.33		-0.85	-0.85	-0.99	-0.74	0.68	-0.99	-0.83	-0.31	-0.91	0.18	-0.81	-0.98	-0.21	-0.6	-0.55	-0.78	-0.77	-0.89	-0.59
Retained Earnings	0.83	-0.89	0.87	0.89	0.83	0.35	-0.85		0.91	0.86	0.78	-0.69	0.86	0.78	0.09	0.92	-0.3	0.83	0.86	-0.04	0.67	0.32	0.82	0.83	0.88	0.64
Accounts Payable	0.81	-0.69	0.82	0.9	0.8	0.29	-0.85	0.91		0.88	0.74	-0.85	0.88	0.79	0.13	0.92	-0.02	0.84	0.89	0.13	0.62	0.38	0.78	0.75	0.89	0.48
Cash	0.87	-0.62	0.86	0.93	0.86	0.34	-0.99	0.86	0.88		0.77	-0.71	1.0	0.86	0.33	0.93	-0.17	0.87	1.0	0.18	0.64	0.53	0.81	0.79	0.91	0.58
Non Current Assets Total	0.99	-0.63	0.9	0.94	0.99	0.76	-0.74	0.78	0.74	0.77		-0.5	0.77	0.97	0.65	0.92	-0.45	0.95	0.81	-0.08	0.98	0.59	1.0	0.97	0.85	0.86
Non Currrent Assets Other	-0.58	0.39	-0.65	-0.7	-0.58	0.0	0.68	-0.69	-0.85	-0.71	-0.5		-0.71	-0.57	-0.06	-0.72	-0.41	-0.59	-0.71	-0.07	-0.4	-0.2	-0.55	-0.51	-0.73	-0.18
Cash And Short Term Investments	0.87	-0.62	0.86	0.93	0.86	0.34	-0.99	0.86	0.88	1.0	0.77	-0.71		0.86	0.33	0.93	-0.16	0.87	1.0	0.18	0.64	0.53	0.81	0.79	0.91	0.58
Net Receivables	0.99	-0.57	0.91	0.96	0.98	0.7	-0.83	0.78	0.79	0.86	0.97	-0.57	0.86		0.65	0.95	-0.37	0.97	0.89	0.0	0.91	0.65	0.97	0.92	0.88	0.78
Common Stock Shares Outstanding	0.6	0.09	0.46	0.49	0.61	0.72	-0.31	0.09	0.13	0.33	0.65	-0.06	0.33	0.65		0.42	-0.29	0.56	0.38	-0.05	0.7	0.64	0.61	0.53	0.38	0.63
Other Current Assets	0.97	-0.72	0.94	0.99	0.96	0.54	-0.91	0.92	0.92	0.93	0.92	-0.72	0.93	0.95	0.42		-0.28	0.95	0.95	0.02	0.83	0.55	0.95	0.92	0.95	0.72
Other Stockholder Equity	-0.39	0.57	-0.3	-0.27	-0.4	-0.7	0.18	-0.3	-0.02	-0.17	-0.45	-0.41	-0.16	-0.37	-0.29	-0.28		-0.34	-0.19	0.18	-0.47	-0.42	-0.43	-0.48	-0.19	-0.69
Total Liab	0.97	-0.61	0.95	0.98	0.96	0.61	-0.81	0.83	0.84	0.87	0.95	-0.59	0.87	0.97	0.56	0.95	-0.34		0.89	-0.05	0.88	0.54	0.96	0.89	0.9	0.74
Total Current Assets	0.9	-0.61	0.88	0.95	0.89	0.4	-0.98	0.86	0.89	1.0	0.81	-0.71	1.0	0.89	0.38	0.95	-0.19	0.89		0.17	0.69	0.57	0.84	0.81	0.92	0.61
Short Term Debt	-0.01	0.09	-0.26	0.0	0.0	0.03	-0.21	-0.04	0.13	0.18	-0.08	-0.07	0.18	0.0	-0.05	0.02	0.18	-0.05	0.17		-0.12	0.29	-0.08	-0.01	0.07	-0.03
Intangible Assets	0.93	-0.56	0.82	0.85	0.94	0.81	-0.6	0.67	0.62	0.64	0.98	-0.4	0.64	0.91	0.7	0.83	-0.47	0.88	0.69	-0.12		0.53	0.96	0.95	0.75	0.88
Other Assets	0.6	-0.26	0.44	0.54	0.61	0.75	-0.55	0.32	0.38	0.53	0.59	-0.2	0.53	0.65	0.64	0.55	-0.42	0.54	0.57	0.29	0.53		0.57	0.55	0.54	0.62
Good Will	0.99	-0.66	0.92	0.96	0.99	0.72	-0.78	0.82	0.78	0.81	1.0	-0.55	0.81	0.97	0.61	0.95	-0.43	0.96	0.84	-0.08	0.96	0.57		0.97	0.88	0.85
Common Stock Total Equity	0.96	-0.74	0.85	0.91	0.97	0.74	-0.77	0.83	0.75	0.79	0.97	-0.51	0.79	0.92	0.53	0.92	-0.48	0.89	0.81	-0.01	0.95	0.55	0.97		0.84	0.89
Property Plant And Equipment Gross	0.91	-0.65	0.91	0.96	0.9	0.45	-0.89	0.88	0.89	0.91	0.85	-0.73	0.91	0.88	0.38	0.95	-0.19	0.9	0.92	0.07	0.75	0.54	0.88	0.84		0.63
Common Stock	0.82	-0.66	0.67	0.72	0.83	0.86	-0.59	0.64	0.48	0.58	0.86	-0.18	0.58	0.78	0.63	0.72	-0.69	0.74	0.61	-0.03	0.88	0.62	0.85	0.89	0.63

Click cells to compare fundamentals

Descartes Systems Account Relationship Matchups

Descartes Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	942.6M	1.1B	1.2B	1.3B	1.5B	1.5B
Short Long Term Debt Total	13.4M	13.1M	11.4M	7.3M	6.9M	6.6M
Other Current Liab	36.2M	42.3M	62.1M	87.8M	98.0M	102.9M
Total Current Liabilities	88.9M	104.3M	133.4M	169.6M	202.4M	212.5M
Total Stockholder Equity	821.7M	911.1M	999.8M	1.1B	1.2B	1.3B
Property Plant And Equipment Net	26.6M	24.3M	21.4M	18.2M	17.7M	11.7M
Net Debt	(31.0M)	(120.6M)	(202.0M)	(269.1M)	(312.1M)	(296.5M)
Retained Earnings	(135.8M)	(83.7M)	2.6M	104.8M	219.4M	230.4M
Accounts Payable	7.7M	8.0M	10.6M	10.6M	17.4M	18.2M
Cash	44.4M	133.7M	213.4M	276.4M	319.0M	334.9M
Non Current Assets Total	842.4M	860.2M	893.4M	957.4M	1.0B	1.1B
Non Currrent Assets Other	13.5M	15.6M	18.7M	22.2M	(231.1M)	(219.6M)
Cash And Short Term Investments	44.4M	133.7M	213.4M	276.4M	319.0M	334.9M
Net Receivables	42.4M	52.0M	55.8M	56.8M	63.4M	66.5M
Common Stock Shares Outstanding	82.9M	85.8M	86.2M	86.5M	86.8M	66.4M
Liabilities And Stockholders Equity	942.6M	1.1B	1.2B	1.3B	1.5B	1.5B
Other Current Assets	13.0M	16.9M	22.0M	24.7M	33.3M	34.9M
Other Stockholder Equity	(388.4M)	(448.2M)	(538.9M)	(643.3M)	491.7M	516.3M
Total Liab	120.9M	152.2M	185.6M	216.7M	234.8M	246.5M
Total Current Assets	100.2M	203.1M	292.1M	358.7M	415.6M	436.4M
Short Term Debt	3.9M	4.2M	4.0M	3.4M	3.1M	2.8M
Intangible Assets	257.0M	240.0M	229.6M	229.8M	251.0M	263.6M
Other Assets	35.1M	30.8M	33.6M	33.7M	38.8M	19.7M
Good Will	523.7M	565.2M	608.8M	675.6M	755.8M	793.6M
Common Stock Total Equity	274.5M	276.8M	524.2M	531.8M	611.6M	642.2M
Property Plant And Equipment Gross	26.6M	24.3M	21.4M	56.0M	60.4M	63.5M
Accumulated Other Comprehensive Income	(25.9M)	(1.2M)	(12.4M)	(30.5M)	(28.4M)	(27.0M)
Common Stock	524.2M	531.8M	536.3M	538.4M	547.8M	298.7M
Property Plant Equipment	26.6M	24.3M	21.4M	18.2M	20.9M	12.1M
Non Current Liabilities Total	31.9M	47.9M	52.2M	47.1M	32.4M	35.0M
Current Deferred Revenue	41.1M	49.9M	56.8M	67.8M	84.0M	88.2M
Other Liab	22.5M	39.0M	44.8M	43.1M	49.6M	52.1M
Net Tangible Assets	41.1M	105.9M	161.4M	193.9M	223.0M	234.2M
Inventory	411K	429K	868K	759K	1.0	0.95
Deferred Long Term Liab	9.8M	12.9M	16.6M	18.4M	21.2M	22.2M
Net Invested Capital	821.7M	911.1M	999.8M	1.1B	1.2B	968.8M
Net Working Capital	11.3M	98.8M	158.6M	189.1M	214.6M	225.3M
Capital Stock	524.2M	531.8M	536.3M	538.4M	551.2M	542.4M

Descartes Systems Investors Sentiment

The influence of Descartes Systems' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Descartes. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Descartes Systems' public news can be used to forecast risks associated with an investment in Descartes. The trend in average sentiment can be used to explain how an investor holding Descartes can time the market purely based on public headlines and social activities around Descartes Systems Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Descartes Systems' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Descartes Systems' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Descartes Systems' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Descartes Systems.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Descartes Systems in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Descartes Systems' short interest history, or implied volatility extrapolated from Descartes Systems options trading.

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

0.61

DJCO

Daily Journal Corp

Pair Corr

Moving against Descartes Stock

0.68	VCSA	Vacasa Inc Trending	Pair Corr
0.61	DOMO	Domo Inc Financial Report 23rd of May 2024	Pair Corr
0.61	NOGWQ	Nogin Inc	Pair Corr
0.6	U	Unity Software Aggressive Push	Pair Corr
0.6	EB	Eventbrite Class A Financial Report 14th of May 2024	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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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.

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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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

1.34

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 Net Income From Continuing Ops vs Operating Income Analysis

Net Income From Continuing Ops vs Operating Income

Net Income From Continuing Ops vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income From Continuing Ops

Operating Income

Descartes Systems fundamental ratios Correlations

Descartes Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Descartes Systems fundamental ratios Accounts

Descartes Systems Investors Sentiment

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

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Total Current Assets	+ 1.0	Cash And Short Term Investments
Non Current Assets Total	+ 0.99	Total Assets

Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Total Current Assets	- 0.98	Net Debt
Other Current Assets	- 0.91	Net Debt
Net Debt	- 0.9	Total Current Liabilities
Property Plant And Equipment Gross	- 0.89	Net Debt