Descartes Historical Income Statement
| DSG Stock | CAD 163.09 1.63 0.99% |
Historical analysis of Descartes Systems income statement accounts such as Selling General Administrative of 60.2 M or Total Revenue of 601.6 M can show how well Descartes Systems Group performed in making a profits. Evaluating Descartes Systems income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Descartes Systems's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Descartes Systems latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Descartes Systems is a good buy for the upcoming year.
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About Descartes Income Statement Analysis
Descartes Systems Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Descartes Systems shareholders. The income statement also shows Descartes investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Descartes Systems Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Descartes Systems 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 Descartes Systems Group minus its cost of goods sold. It is profit before Descartes Systems 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Descartes Systems. It is also known as Descartes Systems overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Descartes Systems income statement and represents the costs associated with goods and services Descartes Systems provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Descartes Systems financial statement analysis. It represents the amount of money remaining after all of Descartes Systems Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Descartes Systems' income statement are interrelated and interconnected. However, analyzing income statement accounts 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 income statement accounts, 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 board of governors. At this time, Descartes Systems' Operating Income is very stable compared to the past year. As of the 28th of November 2024, EBIT is likely to grow to about 160.1 M, though Total Other Income Expense Net is likely to grow to (12.7 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 322.9M | 372.7M | 434.6M | 456.4M | Total Revenue | 424.7M | 486.0M | 572.9M | 601.6M |
Descartes Systems income statement Correlations
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Descartes Systems Account Relationship Matchups
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Descartes Systems income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 61.5M | 61.7M | 64.2M | 65.4M | 66.0M | 69.3M | |
| Interest Expense | 4.4M | 1.2M | 1.1M | 1.2M | 1.4M | 1.4M | |
| Selling General Administrative | 34.6M | 36.3M | 44.5M | 49.7M | 57.4M | 60.2M | |
| Total Revenue | 325.8M | 348.7M | 424.7M | 486.0M | 572.9M | 601.6M | |
| Gross Profit | 240.1M | 258.8M | 322.9M | 372.7M | 434.6M | 456.4M | |
| Other Operating Expenses | 269.7M | 274.9M | 314.8M | 350.1M | 430.1M | 451.6M | |
| Operating Income | 52.3M | 71.4M | 103.4M | 130.4M | 164.5M | 172.7M | |
| Ebit | 52.5M | 71.6M | 103.7M | 134.9M | 152.5M | 160.1M | |
| Research Development | 53.5M | 54.1M | 62.6M | 70.4M | 84.1M | 88.3M | |
| Ebitda | 114.0M | 133.2M | 168.0M | 200.3M | 218.5M | 229.4M | |
| Cost Of Revenue | 85.7M | 89.9M | 101.8M | 113.3M | 138.3M | 145.2M | |
| Total Operating Expenses | 184.0M | 185.0M | 213.0M | 236.8M | 291.8M | 306.4M | |
| Income Before Tax | 48.0M | 70.4M | 102.6M | 133.7M | 151.2M | 158.7M | |
| Total Other Income Expense Net | (4.2M) | (1.0M) | (824K) | (2.1M) | (13.3M) | (12.7M) | |
| Net Income | 37.0M | 52.1M | 86.3M | 102.2M | 115.9M | 121.7M | |
| Income Tax Expense | 11.0M | 18.3M | 16.3M | 31.5M | 35.2M | 37.0M | |
| Selling And Marketing Expenses | 40.4M | 38.8M | 46.9M | 56.6M | 68.2M | 71.6M | |
| Net Income From Continuing Ops | 37.0M | 52.1M | 86.3M | 102.2M | 115.9M | 121.7M | |
| Net Income Applicable To Common Shares | 37.0M | 52.1M | 86.3M | 102.2M | 117.6M | 123.4M | |
| Tax Provision | 11.0M | 18.3M | 16.3M | 31.5M | 35.2M | 37.0M | |
| Interest Income | 4.2M | 1.0M | 824K | 3.3M | 3.8M | 4.0M | |
| Net Interest Income | (4.4M) | (1.2M) | (1.1M) | (1.2M) | (1.4M) | (1.4M) | |
| Reconciled Depreciation | 61.5M | 61.7M | 64.2M | 65.4M | 66.0M | 63.0M |
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.Moving together with Descartes Stock
Moving against Descartes Stock
The ability to find closely correlated positions to Descartes Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Descartes Systems 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 Descartes Systems - 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 Descartes Systems Group to buy it.
The correlation of Descartes Systems 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 Descartes Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Descartes Systems 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 Descartes Systems 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.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 board of governors. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.