Descartes Change To Netincome vs Capital Expenditures Analysis

DSGX Stock  USD 119.95  0.27  0.23%   
Descartes Systems financial indicator trend analysis is much more than just examining Descartes Systems latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Descartes Systems is a good investment. Please check the relationship between Descartes Systems Change To Netincome and its Capital Expenditures accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Descartes Systems Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Change To Netincome vs Capital Expenditures

Change To Netincome vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Descartes Systems Change To Netincome account and Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Descartes Systems' Change To Netincome and Capital Expenditures is -0.17. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Descartes Systems Group, assuming nothing else is changed. The correlation between historical values of Descartes Systems' Change To Netincome and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Descartes Systems Group are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Netincome i.e., Descartes Systems' Change To Netincome and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.17
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Netincome

Capital Expenditures

Capital Expenditures are funds used by Descartes Systems to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Descartes Systems operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Descartes Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Descartes Systems 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Descartes Systems Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
At this time, Descartes Systems' Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.13 in 2024, whereas Selling General Administrative is likely to drop slightly above 31.5 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit322.9M372.7M434.6M456.4M
Total Revenue424.7M486.0M572.9M601.6M

Descartes Systems fundamental ratios Correlations

-0.590.860.981.00.69-0.840.830.810.870.990.950.870.950.60.940.050.970.9-0.080.930.60.990.96-0.650.91
-0.59-0.5-0.61-0.59-0.390.66-0.81-0.7-0.65-0.54-0.62-0.64-0.460.13-0.660.04-0.53-0.630.55-0.46-0.35-0.56-0.68-0.14-0.63
0.86-0.50.870.850.51-0.80.790.670.820.830.880.820.710.480.870.090.880.830.050.740.490.850.78-0.510.8
0.98-0.610.870.970.54-0.90.890.90.930.940.930.930.930.480.940.110.980.95-0.090.850.540.960.91-0.560.96
1.0-0.590.850.970.7-0.840.830.80.870.990.950.870.950.60.940.040.960.89-0.10.930.610.990.97-0.650.91
0.69-0.390.510.540.7-0.330.350.290.340.760.720.340.640.720.57-0.220.610.4-0.050.810.750.720.74-0.690.45
-0.840.66-0.8-0.9-0.84-0.33-0.85-0.85-0.99-0.74-0.81-0.99-0.77-0.31-0.88-0.34-0.82-0.980.24-0.6-0.55-0.78-0.770.33-0.89
0.83-0.810.790.890.830.35-0.850.910.860.780.850.860.740.090.87-0.020.830.86-0.170.670.320.820.83-0.160.88
0.81-0.70.670.90.80.29-0.850.910.880.740.770.880.80.130.860.110.840.89-0.210.620.370.780.75-0.240.89
0.87-0.650.820.930.870.34-0.990.860.880.780.831.00.810.330.90.320.871.0-0.20.640.530.810.79-0.370.91
0.99-0.540.830.940.990.76-0.740.780.740.780.940.780.940.650.9-0.050.950.81-0.040.980.591.00.97-0.710.86
0.95-0.620.880.930.950.72-0.810.850.770.830.940.830.870.550.91-0.020.930.850.00.870.670.950.92-0.560.87
0.87-0.640.820.930.870.34-0.990.860.881.00.780.830.810.330.90.330.871.0-0.20.640.530.810.79-0.370.91
0.95-0.460.710.930.950.64-0.770.740.80.810.940.870.810.620.850.060.930.85-0.010.890.590.940.89-0.70.88
0.60.130.480.480.60.72-0.310.090.130.330.650.550.330.620.440.170.560.380.120.70.640.610.53-0.950.38
0.94-0.660.870.940.940.57-0.880.870.860.90.90.910.90.850.440.130.920.92-0.120.810.570.920.89-0.490.84
0.050.040.090.110.04-0.22-0.34-0.020.110.32-0.05-0.020.330.060.170.130.10.3-0.38-0.140.09-0.02-0.09-0.10.08
0.97-0.530.880.980.960.61-0.820.830.840.870.950.930.870.930.560.920.10.890.00.880.530.960.89-0.640.9
0.9-0.630.830.950.890.4-0.980.860.891.00.810.851.00.850.380.920.30.89-0.180.690.560.840.81-0.420.93
-0.080.550.05-0.09-0.1-0.050.24-0.17-0.21-0.2-0.040.0-0.2-0.010.12-0.12-0.380.0-0.18-0.04-0.06-0.05-0.17-0.22-0.14
0.93-0.460.740.850.930.81-0.60.670.620.640.980.870.640.890.70.81-0.140.880.69-0.040.530.960.95-0.740.75
0.6-0.350.490.540.610.75-0.550.320.370.530.590.670.530.590.640.570.090.530.56-0.060.530.560.55-0.560.54
0.99-0.560.850.960.990.72-0.780.820.780.811.00.950.810.940.610.92-0.020.960.84-0.050.960.560.97-0.670.88
0.96-0.680.780.910.970.74-0.770.830.750.790.970.920.790.890.530.89-0.090.890.81-0.170.950.550.97-0.560.84
-0.65-0.14-0.51-0.56-0.65-0.690.33-0.16-0.24-0.37-0.71-0.56-0.37-0.7-0.95-0.49-0.1-0.64-0.42-0.22-0.74-0.56-0.67-0.56-0.46
0.91-0.630.80.960.910.45-0.890.880.890.910.860.870.910.880.380.840.080.90.93-0.140.750.540.880.84-0.46
Click cells to compare fundamentals

Descartes Systems Account Relationship Matchups

Descartes Systems fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets942.6M1.1B1.2B1.3B1.5B1.5B
Short Long Term Debt Total13.4M13.1M11.4M7.3M7.0M6.6M
Other Current Liab36.2M38.9M113.2M148.1M92.4M97.0M
Total Current Liabilities88.9M104.3M133.4M169.6M203.6M213.8M
Total Stockholder Equity821.7M911.1M999.8M1.1B1.2B1.3B
Property Plant And Equipment Net26.6M24.3M21.4M18.2M17.8M11.7M
Net Debt(31.0M)(120.6M)(202.0M)(269.1M)(314.0M)(298.3M)
Retained Earnings(135.8M)(83.7M)2.6M104.8M220.8M231.8M
Accounts Payable7.7M8.0M10.6M10.6M17.5M18.4M
Cash44.4M133.7M213.4M276.4M321.0M337.0M
Non Current Assets Total842.4M860.2M893.4M957.4M1.1B1.1B
Non Currrent Assets Other13.5M15.6M18.7M22.2M26.8M17.4M
Cash And Short Term Investments44.4M133.7M213.4M276.4M321.0M337.0M
Net Receivables42.4M52.0M41.7M45.2M63.8M67.0M
Common Stock Shares Outstanding82.9M85.8M86.2M86.5M86.8M66.4M
Liabilities And Stockholders Equity942.6M1.1B1.2B1.3B1.5B1.5B
Other Current Assets13.0M16.9M36.0M24.7M33.3M34.9M
Other Stockholder Equity(388.4M)464.1M473.3M486.6M494.7M323.5M
Total Liab120.9M152.2M185.6M216.7M236.3M248.1M
Total Current Assets100.2M203.1M292.1M358.7M418.2M439.1M
Short Term Debt3.9M4.2M4.0M3.4M3.1M5.6M
Intangible Assets257.0M240.0M229.6M229.8M251.0M263.6M
Other Assets35.1M30.8M33.6M33.7M38.8M19.7M
Good Will523.7M565.2M608.8M675.6M760.4M798.4M
Common Stock Total Equity274.5M276.8M524.2M531.8M611.6M642.2M
Property Plant And Equipment Gross26.6M24.3M21.4M56.0M60.4M63.5M
Accumulated Other Comprehensive Income(25.9M)(1.2M)(12.4M)(30.5M)(28.6M)(27.2M)
Common Stock524.2M531.8M536.3M538.4M551.2M298.9M
Property Plant Equipment26.6M24.3M21.4M18.2M20.9M12.1M
Non Current Liabilities Total31.9M47.9M52.2M47.1M32.6M35.0M
Current Deferred Revenue41.1M49.9M56.8M67.8M84.0M88.2M
Other Liab22.5M39.0M44.8M43.1M49.6M52.1M
Net Tangible Assets41.1M105.9M161.4M193.9M223.0M234.2M
Inventory411K429K868K759K1.00.95
Deferred Long Term Liab9.8M12.9M16.6M18.4M21.2M22.2M
Net Invested Capital821.7M911.1M999.8M1.1B1.2B968.8M
Net Working Capital11.3M98.8M158.6M189.1M214.6M225.3M

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