Descartes Financial Statements From 2010 to 2024

Descartes Systems Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 1.5 B 1.5 B 744.7 M Slightly volatile Short and Long Term Debt Total 6.6 M 7 M 23.6 M Slightly volatile Other Current Liabilities 96.4 M 91.8 M 37.6 M Slightly volatile Total Current Liabilities 213.8 M 203.6 M 86.6 M Slightly volatile Total Stockholder Equity 1.3 B 1.2 B 626.8 M Slightly volatile Property Plant And Equipment Net 11.7 M 17.8 M 13.5 M Slightly volatile Accounts Payable 18.4 M 17.5 M 8 M Slightly volatile Cash 337 M 321 M 118.9 M Slightly volatile Non Current Assets Total 1.1 B 1.1 B 570.9 M Slightly volatile Non Currrent Assets Other 17 M 26.8 M 12.3 M Slightly volatile Cash And Short Term Investments 337 M 321 M 119.2 M Slightly volatile Net Receivables 67 M 63.8 M 34.8 M Slightly volatile Common Stock Shares Outstanding 66.4 M 86.8 M 71.8 M Slightly volatile Liabilities And Stockholders Equity 1.5 B 1.5 B 744.7 M Slightly volatile Inventory 613.3 K 683.1 K 490.2 K Pretty Stable Other Current Assets 35.1 M 33.5 M 19.4 M Slightly volatile Total Liabilities 248.1 M 236.3 M 117.8 M Slightly volatile Property Plant And Equipment Gross 63.5 M 60.4 M 22.3 M Slightly volatile Total Current Assets 439.1 M 418.2 M 173.8 M Slightly volatile Intangible Assets 263.6 M 251 M 164.5 M Slightly volatile Common Stock Total Equity 642.2 M 611.6 M 341.3 M Slightly volatile Common Stock 328.7 M 551.2 M 317.1 M Slightly volatile Non Current Liabilities Total 35 M 32.6 M 36.3 M Pretty Stable Good Will 798.4 M 760.4 M 371.8 M Slightly volatile Other Liabilities 25.6 M 49.6 M 24.5 M Slightly volatile Property Plant Equipment 15.6 M 20.9 M 14 M Slightly volatile Other Assets 24.2 M 38.8 M 22.8 M Slightly volatile Short and Long Term Debt 31 M 33.3 M 37.3 M Slightly volatile Capital Surpluse 506.6 M 559.5 M 465.6 M Slightly volatile Deferred Long Term Liabilities 22.2 M 21.2 M 7.6 M Slightly volatile Net Invested Capital 968.8 M 1.2 B 725.6 M Slightly volatile Net Working Capital 225.3 M 214.6 M 63.8 M Slightly volatile Capital Stock 542.4 M 551.2 M 381 M Slightly volatile Capital Lease Obligations 8.3 M 7 M 12.1 M Slightly volatile
Descartes Systems Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 69.3 M 66 M 41.5 M Slightly volatile Selling General Administrative 60.2 M 57.4 M 31.1 M Slightly volatile Total Revenue 601.6 M 572.9 M 283 M Slightly volatile Gross Profit 456.4 M 434.6 M 208.8 M Slightly volatile Other Operating Expenses 451.6 M 430.1 M 223.7 M Slightly volatile Research Development 88.3 M 84.1 M 44.5 M Slightly volatile Cost Of Revenue 145.2 M 138.3 M 74.1 M Slightly volatile Total Operating Expenses 306.4 M 291.8 M 149.6 M Slightly volatile Income Tax Expense 37 M 35.2 M 13.1 M Slightly volatile Selling And Marketing Expenses 71.6 M 68.2 M 35.1 M Slightly volatile Net Income From Continuing Ops 121.7 M 115.9 M 45.5 M Slightly volatile Non Recurring 666.4 K 749.7 K 816.3 K Slightly volatile Net Income Applicable To Common Shares 123.4 M 117.6 M 45.7 M Slightly volatile Tax Provision 37 M 35.2 M 14.5 M Slightly volatile Interest Income 4 M 3.8 M 1.5 M Slightly volatile Reconciled Depreciation 63 M 66 M 48.5 M Slightly volatile Extraordinary Items 560 K 630 K 686 K Slightly volatile
Descartes Systems Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation 69.3 M 66 M 41.5 M Slightly volatile Capital Expenditures 3.3 M 5.6 M 4.9 M Pretty Stable End Period Cash Flow 337 M 321 M 116.6 M Slightly volatile Stock Based Compensation 17.3 M 16.5 M 5.8 M Slightly volatile Issuance Of Capital Stock 8.8 M 9.3 M 18 M Pretty Stable
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 13.88 13.2211 9.276 Slightly volatile PTB Ratio 6.42 6.1184 4.1911 Slightly volatile Days Sales Outstanding 38.59 40.6212 57.5091 Slightly volatile Book Value Per Share 15.03 14.3129 8.1687 Slightly volatile Average Payables 3.8 M 3.3 M 3 M Very volatile Stock Based Compensation To Revenue 0.0302 0.0288 0.0163 Slightly volatile Capex To Depreciation 0.0801 0.0843 0.1902 Slightly volatile PB Ratio 6.42 6.1184 4.1911 Slightly volatile EV To Sales 13.31 12.6731 8.8488 Slightly volatile Inventory Turnover 171 134 220 Pretty Stable Days Of Inventory On Hand 2.67 2.81 2.7972 Pretty Stable Payables Turnover 6.84 7.9098 9.2766 Slightly volatile Sales General And Administrative To Revenue 0.13 0.1001 0.1151 Slightly volatile Average Inventory 0.4 0.45 0.49 Slightly volatile Research And Ddevelopement To Revenue 0.21 0.1468 0.168 Pretty Stable Capex To Revenue 0.0092 0.0097 0.0574 Slightly volatile Cash Per Share 3.9 3.7105 1.6564 Slightly volatile Interest Coverage 115 121 222 Slightly volatile Days Payables Outstanding 66.18 46.1453 51.178 Slightly volatile Income Quality 1.34 1.7918 2.3417 Very volatile Intangibles To Total Assets 0.38 0.6861 0.6638 Slightly volatile Current Ratio 4.07 2.0536 2.357 Pretty Stable Receivables Turnover 4.89 8.9855 7.1806 Slightly volatile Graham Number 21.81 20.7734 10.457 Slightly volatile Shareholders Equity Per Share 15.03 14.3129 8.1687 Slightly volatile Debt To Equity 0.0521 0.0549 0.0754 Slightly volatile Capex Per Share 0.11 0.0643 0.1307 Slightly volatile Average Receivables 15.3 M 20.6 M 21.6 M Very volatile Revenue Per Share 6.95 6.6237 3.6512 Slightly volatile Interest Debt Per Share 0.015 0.0158 0.1134 Pretty Stable Debt To Assets 0.0426 0.0448 0.0583 Slightly volatile Operating Cycle 38.59 40.6212 59.941 Slightly volatile Price Book Value Ratio 6.42 6.1184 4.1911 Slightly volatile Days Of Payables Outstanding 66.18 46.1453 51.178 Slightly volatile Ebt Per Ebit 1.19 0.9189 0.9938 Pretty Stable Company Equity Multiplier 1.38 1.1908 1.207 Pretty Stable Long Term Debt To Capitalization 0.0498 0.0524 0.0763 Slightly volatile Total Debt To Capitalization 0.0498 0.0524 0.0685 Slightly volatile Debt Equity Ratio 0.0521 0.0549 0.0754 Slightly volatile Quick Ratio 4.05 2.0536 2.3479 Pretty Stable Net Income Per E B T 1.2 0.7668 0.8166 Pretty Stable Cash Ratio 2.12 1.5762 1.4554 Pretty Stable Days Of Inventory Outstanding 2.67 2.81 2.7972 Pretty Stable Days Of Sales Outstanding 38.59 40.6212 57.5091 Slightly volatile Free Cash Flow Operating Cash Flow Ratio 1.3 0.9732 1.2287 Slightly volatile Price To Book Ratio 6.42 6.1184 4.1911 Slightly volatile Fixed Asset Turnover 33.78 32.1709 19.5309 Slightly volatile Debt Ratio 0.0426 0.0448 0.0583 Slightly volatile Price Sales Ratio 13.88 13.2211 9.276 Slightly volatile Asset Turnover 0.48 0.3886 0.39 Very volatile Gross Profit Margin 0.55 0.7586 0.7116 Very volatile Price Fair Value 6.42 6.1184 4.1911 Slightly volatile
Descartes Systems Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 8 B 7.6 B 3.2 B Slightly volatile Enterprise Value 7.6 B 7.3 B 3.1 B Slightly volatile

Descartes Fundamental Market Drivers

About Descartes Systems Financial Statements

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.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:

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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.