Carriage Total Revenue vs Gross Profit Analysis

CSV Stock

USD 40.39 0.39 0.98%

Carriage Services financial indicator trend analysis is way more than just evaluating Carriage Services prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carriage Services is a good investment. Please check the relationship between Carriage Services Total Revenue and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carriage Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Carriage Stock please use our How to Invest in Carriage Services guide.

Total Revenue vs Gross Profit

Total Revenue vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Carriage Services Total Revenue account and Gross Profit. At this time, the significance of the direction appears to have totally related.

The correlation between Carriage Services' Total Revenue and Gross Profit is 0.99. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Carriage Services, assuming nothing else is changed. The correlation between historical values of Carriage Services' Total Revenue and Gross Profit 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 Revenue of Carriage Services are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Total Revenue i.e., Carriage Services' Total Revenue and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Revenue

Total revenue comprises all receipts Carriage Services generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Carriage Services minus its cost of goods sold. It is profit before Carriage Services operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from Carriage Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carriage Services 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Carriage Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Carriage Stock please use our How to Invest in Carriage Services guide.Selling General Administrative is likely to drop to about 21.2 M in 2024. Discontinued Operations is likely to drop to about 313.6 K in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	129.5M	119.2M	124.3M	68.0M
Total Revenue	375.9M	370.2M	382.5M	227.1M

Gross Profit Total Revenue

Carriage Services 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 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	Common Stock Total Equity	Other Liab
Total Assets		0.96	0.43	0.85	0.59	0.99	0.96	0.64	0.45	-0.2	1.0	0.38	-0.19	0.96	0.42	0.99	0.18	-0.05	-0.34	0.99	0.77	0.85	0.14	0.75	0.96	0.66
Short Long Term Debt Total	0.96		0.52	0.78	0.43	0.95	1.0	0.72	0.42	-0.18	0.96	0.35	-0.16	0.93	0.21	0.98	0.13	-0.11	-0.52	0.98	0.74	0.76	0.0	0.57	0.88	0.79
Other Current Liab	0.43	0.52		0.42	0.18	0.47	0.52	0.8	-0.03	0.29	0.43	0.16	0.23	0.47	-0.23	0.43	-0.28	-0.33	-0.6	0.43	0.56	0.1	0.05	-0.02	0.31	0.61
Total Current Liabilities	0.85	0.78	0.42		0.38	0.81	0.78	0.46	0.45	-0.02	0.84	0.46	0.01	0.9	0.59	0.85	0.14	-0.04	-0.22	0.86	0.62	0.8	0.38	0.74	0.82	0.55
Total Stockholder Equity	0.59	0.43	0.18	0.38		0.65	0.43	0.25	0.0	-0.28	0.59	0.37	-0.3	0.42	0.48	0.48	-0.07	-0.22	0.24	0.48	0.47	0.44	0.29	0.58	0.6	0.07
Property Plant And Equipment Net	0.99	0.95	0.47	0.81	0.65		0.95	0.63	0.39	-0.22	0.99	0.43	-0.19	0.92	0.37	0.97	0.11	-0.11	-0.28	0.97	0.74	0.78	0.16	0.71	0.93	0.65
Net Debt	0.96	1.0	0.52	0.78	0.43	0.95		0.72	0.42	-0.19	0.96	0.35	-0.17	0.93	0.21	0.98	0.13	-0.11	-0.51	0.98	0.74	0.76	0.0	0.57	0.88	0.79
Retained Earnings	0.64	0.72	0.8	0.46	0.25	0.63	0.72		0.08	0.13	0.64	-0.06	-0.03	0.66	-0.09	0.65	-0.12	-0.16	-0.82	0.65	0.88	0.48	-0.06	0.2	0.56	0.68
Accounts Payable	0.45	0.42	-0.03	0.45	0.0	0.39	0.42	0.08		0.11	0.45	-0.1	0.14	0.52	0.35	0.49	0.84	0.28	-0.1	0.49	0.28	0.49	-0.39	0.55	0.54	0.2
Cash	-0.2	-0.18	0.29	-0.02	-0.28	-0.22	-0.19	0.13	0.11		-0.2	-0.39	0.94	-0.14	-0.14	-0.18	0.03	-0.12	-0.18	-0.18	0.12	-0.1	0.08	-0.14	-0.2	-0.01
Non Current Assets Total	1.0	0.96	0.43	0.84	0.59	0.99	0.96	0.64	0.45	-0.2		0.38	-0.19	0.96	0.41	0.99	0.18	-0.05	-0.34	0.99	0.77	0.85	0.13	0.74	0.96	0.66
Non Currrent Assets Other	0.38	0.35	0.16	0.46	0.37	0.43	0.35	-0.06	-0.1	-0.39	0.38		-0.26	0.34	0.3	0.35	-0.38	-0.33	0.21	0.35	-0.09	0.21	0.34	0.25	0.22	0.15
Cash And Short Term Investments	-0.19	-0.16	0.23	0.01	-0.3	-0.19	-0.17	-0.03	0.14	0.94	-0.19	-0.26		-0.16	-0.2	-0.17	0.04	-0.18	-0.05	-0.16	-0.06	-0.17	0.1	-0.18	-0.21	0.07
Net Receivables	0.96	0.93	0.47	0.9	0.42	0.92	0.93	0.66	0.52	-0.14	0.96	0.34	-0.16		0.41	0.97	0.22	0.02	-0.45	0.97	0.78	0.86	0.1	0.7	0.92	0.7
Common Stock Shares Outstanding	0.42	0.21	-0.23	0.59	0.48	0.37	0.21	-0.09	0.35	-0.14	0.41	0.3	-0.2	0.41		0.36	0.28	0.16	0.36	0.37	0.31	0.67	0.37	0.85	0.54	-0.29
Non Current Liabilities Total	0.99	0.98	0.43	0.85	0.48	0.97	0.98	0.65	0.49	-0.18	0.99	0.35	-0.17	0.97	0.36		0.21	-0.01	-0.41	1.0	0.76	0.85	0.09	0.71	0.94	0.71
Inventory	0.18	0.13	-0.28	0.14	-0.07	0.11	0.13	-0.12	0.84	0.03	0.18	-0.38	0.04	0.22	0.28	0.21		0.57	0.04	0.21	0.11	0.29	-0.45	0.43	0.32	-0.08
Other Current Assets	-0.05	-0.11	-0.33	-0.04	-0.22	-0.11	-0.11	-0.16	0.28	-0.12	-0.05	-0.33	-0.18	0.02	0.16	-0.01	0.57		0.06	-0.01	0.01	0.17	-0.19	0.26	0.08	-0.22
Other Stockholder Equity	-0.34	-0.52	-0.6	-0.22	0.24	-0.28	-0.51	-0.82	-0.1	-0.18	-0.34	0.21	-0.05	-0.45	0.36	-0.41	0.04	0.06		-0.4	-0.57	-0.26	0.36	0.16	-0.23	-0.69
Total Liab	0.99	0.98	0.43	0.86	0.48	0.97	0.98	0.65	0.49	-0.18	0.99	0.35	-0.16	0.97	0.37	1.0	0.21	-0.01	-0.4		0.76	0.86	0.1	0.72	0.94	0.71
Property Plant And Equipment Gross	0.77	0.74	0.56	0.62	0.47	0.74	0.74	0.88	0.28	0.12	0.77	-0.09	-0.06	0.78	0.31	0.76	0.11	0.01	-0.57	0.76		0.76	0.1	0.59	0.78	0.52
Total Current Assets	0.85	0.76	0.1	0.8	0.44	0.78	0.76	0.48	0.49	-0.1	0.85	0.21	-0.17	0.86	0.67	0.85	0.29	0.17	-0.26	0.86	0.76		0.18	0.86	0.88	0.39
Short Term Debt	0.14	0.0	0.05	0.38	0.29	0.16	0.0	-0.06	-0.39	0.08	0.13	0.34	0.1	0.1	0.37	0.09	-0.45	-0.19	0.36	0.1	0.1	0.18		0.29	0.09	-0.01
Common Stock	0.75	0.57	-0.02	0.74	0.58	0.71	0.57	0.2	0.55	-0.14	0.74	0.25	-0.18	0.7	0.85	0.71	0.43	0.26	0.16	0.72	0.59	0.86	0.29		0.84	0.06
Common Stock Total Equity	0.96	0.88	0.31	0.82	0.6	0.93	0.88	0.56	0.54	-0.2	0.96	0.22	-0.21	0.92	0.54	0.94	0.32	0.08	-0.23	0.94	0.78	0.88	0.09	0.84		0.52
Other Liab	0.66	0.79	0.61	0.55	0.07	0.65	0.79	0.68	0.2	-0.01	0.66	0.15	0.07	0.7	-0.29	0.71	-0.08	-0.22	-0.69	0.71	0.52	0.39	-0.01	0.06	0.52

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Carriage Services Account Relationship Matchups

Carriage Services fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.1B	1.2B	1.2B	1.3B	818.1M
Short Long Term Debt Total	519.8M	478.3M	578.9M	612.7M	604.6M	312.0M
Other Current Liab	(22.5M)	29.0M	40.6M	29.7M	27.3M	28.7M
Total Current Liabilities	35.6M	48.4M	60.8M	45.5M	51.1M	36.1M
Total Stockholder Equity	226.6M	240.5M	128.0M	137.1M	173.1M	163.1M
Property Plant And Equipment Net	388.5M	391.4M	387.9M	399.3M	418.4M	253.8M
Net Debt	519.1M	477.4M	577.8M	611.6M	603.1M	308.7M
Retained Earnings	86.2M	102.3M	135.5M	176.8M	210.3M	220.8M
Accounts Payable	8.4M	11.3M	14.2M	11.7M	11.9M	9.1M
Cash	716K	889K	1.1M	1.2M	1.5M	2.4M
Non Current Assets Total	1.1B	1.1B	1.1B	1.2B	1.2B	780.0M
Non Currrent Assets Other	232.8M	258.7M	329.1M	202.2M	380K	361K
Cash And Short Term Investments	716K	889K	1.1M	1.2M	1.5M	1.4M
Net Receivables	21.5M	25.1M	29.4M	25.0M	27.9M	20.2M
Common Stock Shares Outstanding	18.0M	18.1M	18.3M	15.7M	15.5M	19.0M
Liabilities And Stockholders Equity	1.1B	1.1B	1.2B	1.2B	1.3B	818.1M
Non Current Liabilities Total	867.6M	857.0M	989.8M	1.0B	1.0B	609.9M
Inventory	7.0M	7.3M	7.3M	7.6M	8.3M	7.3M
Other Current Assets	112K	2.1M	2.3M	4.2M	3.9M	5.0M
Other Stockholder Equity	140.1M	137.9M	(7.7M)	(40.0M)	(37.5M)	(35.6M)
Total Liab	903.2M	905.3M	1.1B	1.1B	1.1B	646.0M
Property Plant And Equipment Gross	388.5M	391.4M	387.9M	399.3M	556.4M	584.2M
Total Current Assets	39.9M	35.3M	40.2M	38.0M	41.7M	38.1M
Short Term Debt	3.2M	6.0M	5.1M	3.2M	7.1M	5.9M
Common Stock	259K	260K	263K	264K	266K	279.3K
Common Stock Total Equity	259K	260K	263K	264K	303.6K	228.9K
Other Liab	351.0M	384.6M	413.7M	400.8M	460.9M	303.1M
Other Assets	361.0M	397.7M	429.8M	420.9M	484.1M	253.3M
Long Term Debt	184.6M	446.5M	552.4M	587.5M	579.2M	304.8M
Good Will	398.3M	393.0M	392.0M	410.1M	423.6M	267.3M
Intangible Assets	32.1M	29.5M	29.4M	32.9M	37.3M	35.4M
Property Plant Equipment	366.2M	370.2M	287.2M	382.3M	439.6M	233.0M
Current Deferred Revenue	46.6M	27.5M	40.0M	51.7M	61.0M	36.9M
Net Tangible Assets	(171.7M)	(152.5M)	(293.3M)	(273.0M)	(245.7M)	(233.4M)
Retained Earnings Total Equity	86.2M	102.3M	135.5M	176.8M	203.4M	213.5M
Long Term Debt Total	190.4M	452.0M	557.6M	592.3M	681.1M	715.2M

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