Knight Net Invested Capital vs Accumulated Depreciation 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 Net Invested Capital and its Accumulated Depreciation 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.

Net Invested Capital vs Accumulated Depreciation

Net Invested Capital vs Accumulated Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Knight Transportation Net Invested Capital account and Accumulated Depreciation. At this time, the significance of the direction appears to have pay attention.

The correlation between Knight Transportation's Net Invested Capital and Accumulated Depreciation is -0.88. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Accumulated Depreciation 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 Net Invested Capital and Accumulated 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 Net Invested Capital of Knight Transportation are associated (or correlated) with its Accumulated Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Depreciation has no effect on the direction of Net Invested Capital i.e., Knight Transportation's Net Invested Capital and Accumulated Depreciation go up and down completely randomly.

Correlation Coefficient

-0.88

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Invested Capital

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

Accumulated Depreciation

Accumulated depreciation is the total amount of depreciation for Knight Transportation fixed asset that has been charged to Knight Transportation expense since that asset was acquired and made available for Knight Transportation use. The accumulated depreciation account is Knight Transportation asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Knight Transportation.

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

Gross Profit Total Revenue

Knight Transportation 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 Total Equity	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	Common Stock	Current Deferred Revenue
Total Assets		0.96	0.96	0.95	0.99	0.99	0.96	0.96	0.93	0.9	1.0	-0.2	0.9	0.99	0.93	0.46	0.98	0.95	0.67	0.94	0.98	0.96	0.99	0.73	0.74	0.96
Short Long Term Debt Total	0.96		0.97	0.95	0.91	0.97	1.0	0.98	0.98	0.95	0.95	-0.29	0.95	0.96	0.81	0.37	0.99	0.96	0.77	0.81	0.99	0.99	0.98	0.8	0.57	0.85
Other Current Liab	0.96	0.97		0.96	0.91	0.97	0.97	0.94	0.98	0.94	0.95	-0.27	0.94	0.95	0.86	0.35	0.98	0.97	0.81	0.85	0.98	0.97	0.97	0.82	0.6	0.88
Total Current Liabilities	0.95	0.95	0.96		0.91	0.98	0.94	0.94	0.97	0.98	0.95	-0.33	0.98	0.92	0.84	0.37	0.96	0.95	0.84	0.82	0.98	0.97	0.95	0.89	0.56	0.87
Total Stockholder Equity	0.99	0.91	0.91	0.91		0.96	0.91	0.93	0.87	0.83	0.99	-0.13	0.83	0.98	0.95	0.5	0.94	0.91	0.57	0.97	0.94	0.91	0.96	0.65	0.81	0.98
Property Plant And Equipment Net	0.99	0.97	0.97	0.98	0.96		0.96	0.98	0.96	0.94	0.99	-0.3	0.94	0.98	0.9	0.38	0.99	0.97	0.75	0.89	0.99	0.98	0.99	0.79	0.67	0.92
Net Debt	0.96	1.0	0.97	0.94	0.91	0.96		0.97	0.98	0.93	0.95	-0.27	0.93	0.97	0.82	0.38	0.99	0.96	0.74	0.82	0.98	0.98	0.98	0.77	0.59	0.86
Retained Earnings	0.96	0.98	0.94	0.94	0.93	0.98	0.97		0.96	0.93	0.96	-0.35	0.93	0.97	0.85	0.36	0.98	0.96	0.72	0.83	0.98	0.99	0.98	0.76	0.63	0.86
Accounts Payable	0.93	0.98	0.98	0.97	0.87	0.96	0.98	0.96		0.98	0.93	-0.34	0.98	0.94	0.79	0.31	0.98	0.97	0.86	0.77	0.99	0.99	0.97	0.82	0.5	0.82
Cash	0.9	0.95	0.94	0.98	0.83	0.94	0.93	0.93	0.98		0.89	-0.4	1.0	0.88	0.74	0.3	0.94	0.93	0.9	0.71	0.96	0.96	0.92	0.9	0.43	0.78
Non Current Assets Total	1.0	0.95	0.95	0.95	0.99	0.99	0.95	0.96	0.93	0.89		-0.19	0.89	0.99	0.93	0.47	0.98	0.95	0.67	0.95	0.97	0.95	0.99	0.73	0.74	0.97
Non Currrent Assets Other	-0.2	-0.29	-0.27	-0.33	-0.13	-0.3	-0.27	-0.35	-0.34	-0.4	-0.19		-0.4	-0.21	-0.12	0.15	-0.27	-0.28	-0.47	0.01	-0.29	-0.35	-0.26	-0.47	0.07	-0.01
Cash And Short Term Investments	0.9	0.95	0.94	0.98	0.83	0.94	0.93	0.93	0.98	1.0	0.89	-0.4		0.88	0.74	0.3	0.94	0.93	0.9	0.71	0.96	0.96	0.92	0.9	0.43	0.78
Net Receivables	0.99	0.96	0.95	0.92	0.98	0.98	0.97	0.97	0.94	0.88	0.99	-0.21	0.88		0.92	0.41	0.98	0.95	0.65	0.92	0.97	0.96	0.99	0.69	0.74	0.93
Common Stock Total Equity	0.93	0.81	0.86	0.84	0.95	0.9	0.82	0.85	0.79	0.74	0.93	-0.12	0.74	0.92		0.27	0.86	0.84	0.54	0.95	0.86	0.82	0.89	0.62	0.88	0.92
Common Stock Shares Outstanding	0.46	0.37	0.35	0.37	0.5	0.38	0.38	0.36	0.31	0.3	0.47	0.15	0.3	0.41	0.27		0.38	0.35	0.06	0.54	0.38	0.34	0.39	0.16	0.35	0.58
Non Current Liabilities Total	0.98	0.99	0.98	0.96	0.94	0.99	0.99	0.98	0.98	0.94	0.98	-0.27	0.94	0.98	0.86	0.38		0.98	0.77	0.86	1.0	0.99	1.0	0.77	0.63	0.9
Inventory	0.95	0.96	0.97	0.95	0.91	0.97	0.96	0.96	0.97	0.93	0.95	-0.28	0.93	0.95	0.84	0.35	0.98		0.8	0.83	0.98	0.98	0.97	0.75	0.58	0.87
Other Current Assets	0.67	0.77	0.81	0.84	0.57	0.75	0.74	0.72	0.86	0.9	0.67	-0.47	0.9	0.65	0.54	0.06	0.77	0.8		0.46	0.8	0.8	0.72	0.86	0.15	0.53
Other Stockholder Equity	0.94	0.81	0.85	0.82	0.97	0.89	0.82	0.83	0.77	0.71	0.95	0.01	0.71	0.92	0.95	0.54	0.86	0.83	0.46		0.86	0.8	0.89	0.54	0.86	0.99
Total Liab	0.98	0.99	0.98	0.98	0.94	0.99	0.98	0.98	0.99	0.96	0.97	-0.29	0.96	0.97	0.86	0.38	1.0	0.98	0.8	0.86		0.99	0.99	0.81	0.61	0.9
Property Plant And Equipment Gross	0.96	0.99	0.97	0.97	0.91	0.98	0.98	0.99	0.99	0.96	0.95	-0.35	0.96	0.96	0.82	0.34	0.99	0.98	0.8	0.8	0.99		0.98	0.81	0.56	0.85
Total Current Assets	0.99	0.98	0.97	0.95	0.96	0.99	0.98	0.98	0.97	0.92	0.99	-0.26	0.92	0.99	0.89	0.39	1.0	0.97	0.72	0.89	0.99	0.98		0.75	0.68	0.92
Short Term Debt	0.73	0.8	0.82	0.89	0.65	0.79	0.77	0.76	0.82	0.9	0.73	-0.47	0.9	0.69	0.62	0.16	0.77	0.75	0.86	0.54	0.81	0.81	0.75		0.31	0.61
Common Stock	0.74	0.57	0.6	0.56	0.81	0.67	0.59	0.63	0.5	0.43	0.74	0.07	0.43	0.74	0.88	0.35	0.63	0.58	0.15	0.86	0.61	0.56	0.68	0.31		0.8
Current Deferred Revenue	0.96	0.85	0.88	0.87	0.98	0.92	0.86	0.86	0.82	0.78	0.97	-0.01	0.78	0.93	0.92	0.58	0.9	0.87	0.53	0.99	0.9	0.85	0.92	0.61	0.8

Click cells to compare fundamentals

Knight Transportation Account Relationship Matchups

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

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

C	Citigroup
CRM	Salesforce
MSFT	Microsoft

When determining whether Knight Transportation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Knight Transportation's 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 Knight Transportation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Knight Transportation Stock:

How To Invest In Knight

Details

Is Knight Stock a good investment?

Details

What is Knight Transportation's Net Worth?

Details

Largest Transportation Companies

View

Largest Industrials Companies

View

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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for Knight Stock analysis

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.

	Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
	Bonds Directory Find actively traded corporate debentures issued by US companies
	Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities
	Share Portfolio Track or share privately all of your investments from the convenience of any device
	Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
	Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market.
	Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
	Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
	Transaction History View history of all your transactions and understand their impact on performance
	Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
	Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges
	Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm

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.

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

Knight Net Invested Capital vs Accumulated Depreciation Analysis

Net Invested Capital vs Accumulated Depreciation

Net Invested Capital vs Accumulated Depreciation Correlation Analysis

Correlation Coefficient

Net Invested Capital

Accumulated Depreciation

Knight Transportation fundamental ratios Correlations

Knight Transportation Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Knight Transportation fundamental ratios Accounts

Also Currently Popular

Complementary Tools for Knight Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Total Current Assets	+ 1.0	Non Current Liabilities Total
Total Stockholder Equity	+ 0.99	Total Assets

Short Term Debt	- 0.47	Non Currrent Assets Other
Other Current Assets	- 0.47	Non Currrent Assets Other
Cash And Short Term Investments	- 0.4	Non Currrent Assets Other
Non Currrent Assets Other	- 0.4	Cash
Property Plant And Equipment Gross	- 0.35	Non Currrent Assets Other
Non Currrent Assets Other	- 0.35	Retained Earnings