Descartes Total Assets vs Net Invested Capital Analysis

DSGX Stock

USD 95.30 0.45 0.47%

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 Total Assets and its Net Invested Capital 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.

Total Assets vs Net Invested Capital

Total Assets vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Descartes Systems Total Assets account and Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Descartes Systems' Total Assets and Net Invested Capital is 0.93. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Invested Capital 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' Total Assets and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Descartes Systems Group are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Assets i.e., Descartes Systems' Total Assets and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Assets

Total assets refers to the total amount of Descartes Systems assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Descartes Systems books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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

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 against Descartes Stock

0.67	U	Unity Software Aggressive Push	Pair Corr
0.65	DMAN	Innovativ Media Group	Pair Corr
0.64	DV	DoubleVerify Holdings Financial Report 8th of May 2024	Pair Corr
0.63	EB	Eventbrite Class A Financial Report 14th of May 2024	Pair Corr
0.56	PD	Pagerduty Financial Report 6th of June 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

Details

Is Descartes Stock a good investment?

Details

What is Descartes Systems' Net Worth?

Details

Largest Application Software Companies

View

Largest Software - Application Companies

View

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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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.

	Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments
	Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios.
	Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account
	Risk-Return Analysis View associations between returns expected from investment and the risk you assume
	ETFs Find actively traded Exchange Traded Funds (ETF) from around the world
	Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
	Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings
	Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Descartes Total Assets vs Net Invested Capital Analysis

Total Assets vs Net Invested Capital

Total Assets vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Total Assets

Net Invested Capital

Descartes Systems fundamental ratios Correlations

Descartes Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Descartes Systems fundamental ratios Accounts

Pair Trading with Descartes Systems

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