Knight Total Current Assets vs Good Will Analysis
KNX Stock | USD 48.45 0.69 1.40% |
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 Total Current Assets and its Good Will 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.
Total Current Assets vs Good Will
Total Current Assets vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Knight Transportation Total Current Assets account and Good Will. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Knight Transportation's Total Current Assets and Good Will is 0.96. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Good Will 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 Total Current Assets and Good Will 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 Current Assets of Knight Transportation are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Total Current Assets i.e., Knight Transportation's Total Current Assets and Good Will go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.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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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.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: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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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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.