Marten Total Permanent Equity vs Retained Earnings Analysis
| MRTN Stock | USD 17.27 0.47 2.65% |
Marten Transport financial indicator trend analysis is infinitely more than just investigating Marten Transport recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Marten Transport is a good investment. Please check the relationship between Marten Transport Total Permanent Equity and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marten Transport. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Marten Stock, please use our How to Invest in Marten Transport guide.
Total Permanent Equity vs Retained Earnings
Total Permanent Equity vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Marten Transport Total Permanent Equity account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Marten Transport's Total Permanent Equity and Retained Earnings is 0.87. Overlapping area represents the amount of variation of Total Permanent Equity that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Marten Transport, assuming nothing else is changed. The correlation between historical values of Marten Transport's Total Permanent Equity and Retained Earnings 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 Permanent Equity of Marten Transport are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Permanent Equity i.e., Marten Transport's Total Permanent Equity and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.87 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Permanent Equity
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Marten Transport's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Marten Transport 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 Marten Transport. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Marten Stock, please use our How to Invest in Marten Transport guide.As of the 21st of September 2024, Enterprise Value is likely to grow to about 1.1 B, while Selling General Administrative is likely to drop about 63.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 183.2M | 238.5M | 121.7M | 144.4M | Total Revenue | 973.6M | 1.3B | 1.1B | 1.2B |
Marten Transport fundamental ratios Correlations
Click cells to compare fundamentals
Marten Transport Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Marten Transport fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 796.6M | 831.6M | 870.7M | 965.7M | 1.0B | 1.1B | |
| Other Current Liab | 53.4M | 64.1M | 73.4M | (50.3M) | 73.5M | 77.1M | |
| Total Current Liabilities | 76.3M | 89.8M | 93.6M | 124.3M | 110.2M | 115.8M | |
| Total Stockholder Equity | 597.6M | 620.3M | 651.7M | 703.9M | 757.4M | 795.3M | |
| Property Plant And Equipment Net | 640.4M | 654.2M | 682.3M | 728.2M | 792.8M | 832.4M | |
| Net Debt | (30.8M) | (65.7M) | (56.7M) | (80.2M) | (52.7M) | (50.1M) | |
| Retained Earnings | 517.6M | 534.4M | 565.1M | 655.9M | 706.8M | 742.1M | |
| Cash | 31.5M | 66.1M | 57.0M | 80.6M | 53.2M | 55.9M | |
| Non Current Assets Total | 642.4M | 656.0M | 683.7M | 729.8M | 808.1M | 848.5M | |
| Non Currrent Assets Other | (120.0M) | (119.3M) | (123.7M) | (135.4M) | 1.0M | 1.1M | |
| Cash And Short Term Investments | 31.5M | 66.1M | 57.0M | 80.6M | 53.2M | 55.9M | |
| Net Receivables | 101.8M | 87.6M | 106.0M | 127.9M | 118.0M | 123.9M | |
| Common Stock Shares Outstanding | 82.7M | 83.2M | 83.4M | 82.0M | 81.4M | 77.5M | |
| Liabilities And Stockholders Equity | 796.6M | 831.6M | 870.7M | 965.7M | 1.0B | 1.1B | |
| Non Current Liabilities Total | 122.7M | 121.5M | 125.5M | 137.5M | 137.0M | 95.3M | |
| Other Current Assets | 20.9M | 21.9M | 24.0M | 27.3M | 19.1M | 28.8M | |
| Other Stockholder Equity | 79.5M | 85.1M | 85.7M | 47.2M | 49.8M | 57.1M | |
| Total Liab | 199.0M | 211.3M | 219.0M | 261.8M | 247.3M | 147.8M | |
| Property Plant And Equipment Gross | 640.4M | 654.2M | 682.3M | 1.1B | 1.2B | 1.2B | |
| Total Current Assets | 154.2M | 175.7M | 186.9M | 235.8M | 196.6M | 206.4M | |
| Accounts Payable | 22.9M | 25.7M | 20.2M | 37.3M | 36.5M | 38.3M | |
| Common Stock | 547K | 827K | 830K | 811K | 813K | 853.7K | |
| Other Assets | 848K | 1.8M | 1.5M | 962K | 865.8K | 822.5K | |
| Property Plant Equipment | 376.6M | 654.2M | 682.3M | 728.9M | 838.2M | 880.1M | |
| Inventory | 3.4M | 3.4M | 4.4M | 5.4M | 6.3M | 6.6M | |
| Net Tangible Assets | 597.6M | 620.3M | 651.7M | 703.9M | 809.5M | 542.3M | |
| Retained Earnings Total Equity | 498.6M | 517.6M | 534.4M | 565.1M | 649.9M | 431.8M | |
| Capital Surpluse | 76.8M | 79.5M | 85.1M | 85.7M | 77.1M | 64.7M | |
| Accumulated Depreciation | 211.7M | 228.2M | 263.8M | (276.0M) | (317.3M) | (301.5M) | |
| Other Liab | 122.0M | 121.1M | 125.2M | 137.0M | 157.6M | 136.1M |
Pair Trading with Marten Transport
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 Marten Transport 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 Marten Transport will appreciate offsetting losses from the drop in the long position's value.Moving against Marten Stock
The ability to find closely correlated positions to Marten Transport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Marten Transport 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 Marten Transport - 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 Marten Transport to buy it.
The correlation of Marten Transport 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 Marten Transport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Marten Transport 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 Marten Transport 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.Additional Information and Resources on Investing in Marten Stock
When determining whether Marten Transport offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Marten Transport'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 Marten Transport Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Marten Transport Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marten Transport. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Marten Stock, please use our How to Invest in Marten Transport guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Cargo Ground Transportation space 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 Marten Transport. If investors know Marten 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 Marten Transport 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 (0.64) | Dividend Share 0.24 | Earnings Share 0.53 | Revenue Per Share 12.832 | Quarterly Revenue Growth (0.14) |
The market value of Marten Transport is measured differently than its book value, which is the value of Marten that is recorded on the company's balance sheet. Investors also form their own opinion of Marten Transport's value that differs from its market value or its book value, called intrinsic value, which is Marten Transport'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 Marten Transport's market value can be influenced by many factors that don't directly affect Marten Transport'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 Marten Transport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Marten Transport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Marten Transport'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.