Knight Cash And Equivalents vs Net Invested Capital Analysis
KNX Stock | USD 50.49 0.56 1.12% |
Knight Transportation financial indicator trend analysis is infinitely more than just investigating Knight Transportation recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Knight Transportation is a good investment. Please check the relationship between Knight Transportation Cash And Equivalents and its Net Invested Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Knight Transportation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Knight Stock please use our How to Invest in Knight Transportation guide.
Cash And Equivalents vs Net Invested Capital
Cash And Equivalents vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Knight Transportation Cash And Equivalents account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Knight Transportation's Cash And Equivalents and Net Invested Capital is 0.85. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Knight Transportation, assuming nothing else is changed. The correlation between historical values of Knight Transportation's Cash And Equivalents 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 Cash And Equivalents of Knight Transportation 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 Cash And Equivalents i.e., Knight Transportation's Cash And Equivalents and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cash And Equivalents
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 Knight Transportation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Knight Transportation 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Knight Transportation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Knight Stock please use our How to Invest in Knight Transportation guide.At this time, Knight Transportation's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 92.1 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.09 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4B | 1.8B | 774.6M | 452.3M | Total Revenue | 6.0B | 7.4B | 7.1B | 7.5B |
Knight Transportation fundamental ratios Correlations
Click cells to compare fundamentals
Knight Transportation Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Knight Transportation fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.3B | 8.5B | 10.7B | 11.0B | 12.9B | 13.5B | |
Short Long Term Debt Total | 1.1B | 817.1M | 2.2B | 2.1B | 2.7B | 2.8B | |
Other Current Liab | 436.1M | 213.9M | 552.2M | 564.7M | 865.4M | 908.7M | |
Total Current Liabilities | 993.0M | 839.7M | 1.1B | 894.0M | 1.8B | 1.9B | |
Total Stockholder Equity | 5.7B | 5.9B | 6.5B | 6.9B | 7.1B | 7.4B | |
Property Plant And Equipment Net | 3.0B | 3.1B | 3.7B | 4.0B | 5.1B | 5.4B | |
Net Debt | 935.3M | 660.4M | 2.0B | 1.9B | 2.2B | 2.3B | |
Retained Earnings | 1.4B | 1.6B | 2.2B | 2.6B | 2.7B | 2.8B | |
Accounts Payable | 99.2M | 101.0M | 224.8M | 220.8M | 355.2M | 372.9M | |
Cash | 159.7M | 156.7M | 261.0M | 196.8M | 465.8M | 489.1M | |
Non Current Assets Total | 7.4B | 7.5B | 9.2B | 9.5B | 11.2B | 11.7B | |
Non Currrent Assets Other | (113.9M) | (130.7M) | (133.9M) | (162.5M) | (351.1M) | (333.5M) | |
Cash And Short Term Investments | 159.7M | 156.7M | 261.0M | 196.8M | 466.4M | 489.7M | |
Net Receivables | 548.3M | 595.9M | 935.2M | 917.1M | 966.7M | 1.0B | |
Common Stock Total Equity | 1.7M | 1.7M | 1.7M | 1.6M | 1.8M | 1.9M | |
Common Stock Shares Outstanding | 172.1M | 170.5M | 167.1M | 163.2M | 161.8M | 92.4M | |
Liabilities And Stockholders Equity | 8.3B | 8.5B | 10.7B | 11.0B | 12.9B | 13.5B | |
Non Current Liabilities Total | 1.6B | 1.8B | 3.0B | 3.1B | 3.9B | 4.1B | |
Inventory | 154.2M | 149.7M | 191.8M | 341.7M | 392.9M | 412.5M | |
Other Current Assets | 27.8M | 21.0M | 26.3M | 38.0M | 276.0M | 289.8M | |
Other Stockholder Equity | 4.3B | 4.3B | 4.4B | 4.4B | 4.4B | 4.6B | |
Total Liab | 2.6B | 2.6B | 4.1B | 4.0B | 5.8B | 6.1B | |
Property Plant And Equipment Gross | 3.0B | 3.1B | 5.1B | 5.7B | 7.2B | 7.6B | |
Total Current Assets | 890.0M | 923.4M | 1.4B | 1.5B | 1.7B | 1.8B | |
Accumulated Other Comprehensive Income | (693.1M) | 0.0 | (563K) | (2.4M) | (830K) | (871.5K) | |
Short Term Debt | 457.8M | 100.1M | 297.7M | 108.4M | 604.7M | 634.9M | |
Common Stock | 1.7M | 1.7M | 1.7M | 1.6M | 1.6M | 886.9K | |
Other Assets | 42.2M | 126.5M | 192.1M | 134.8M | 155.0M | 162.8M | |
Long Term Debt | 279M | 508.9M | 1.3B | 1.5B | 1.8B | 1.9B | |
Property Plant Equipment | 2.9B | 3.0B | 3.7B | 4.0B | 4.6B | 4.9B | |
Good Will | 2.9B | 2.9B | 3.5B | 3.5B | 3.8B | 4.0B | |
Intangible Assets | 1.4B | 1.4B | 1.8B | 1.8B | 2.1B | 2.2B | |
Short Term Investments | 8.9M | 9.0M | 5.9M | 7.2M | 530K | 503.5K | |
Other Liab | 983.1M | 1.0B | 1.1B | 1.1B | 1.3B | 1.4B | |
Net Tangible Assets | 1.4B | 1.6B | 1.2B | 1.6B | 1.9B | 2.0B | |
Noncontrolling Interest In Consolidated Entity | 2.1M | 2.2M | 10.3M | 10.3M | 11.8M | 12.4M | |
Retained Earnings Total Equity | 1.4B | 1.6B | 2.2B | 2.6B | 2.9B | 3.1B | |
Long Term Debt Total | 279M | 508.9M | 1.8B | 1.8B | 1.6B | 834.8M |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Knight Transportation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Knight Stock please use our How to Invest in Knight Transportation guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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When running Knight Transportation's price analysis, check to measure Knight Transportation'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 Knight Transportation is operating at the current time. Most of Knight Transportation's value examination focuses on studying past and present price action to predict the probability of Knight Transportation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Knight Transportation's price. Additionally, you may evaluate how the addition of Knight Transportation to your portfolios can decrease your overall portfolio volatility.
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Is Knight Transportation'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 Knight Transportation. If investors know Knight 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 Knight Transportation 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 (0.69) | Dividend Share 0.58 | Earnings Share 0.68 | Revenue Per Share 45.416 | Quarterly Revenue Growth 0.113 |
The market value of Knight Transportation is measured differently than its book value, which is the value of Knight that is recorded on the company's balance sheet. Investors also form their own opinion of Knight Transportation's value that differs from its market value or its book value, called intrinsic value, which is Knight Transportation'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 Knight Transportation's market value can be influenced by many factors that don't directly affect Knight Transportation'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 Knight Transportation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Knight Transportation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Knight Transportation'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.