Descartes Depreciation And Amortization vs Income Tax Expense Analysis

DSG Stock

CAD 159.07 0.90 0.57%

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 Depreciation And Amortization and its Income Tax Expense 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 board of governors.

Depreciation And Amortization vs Income Tax Expense

Depreciation And Amortization vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Descartes Systems Depreciation And Amortization account and Income Tax Expense. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Descartes Systems' Depreciation And Amortization and Income Tax Expense is 0.89. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Income Tax Expense 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' Depreciation And Amortization and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Descartes Systems Group are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Depreciation And Amortization i.e., Descartes Systems' Depreciation And Amortization and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Income Tax Expense

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 board of governors.

At this time, Descartes Systems' Selling General Administrative is very stable compared to the past year. As of the 26th of February 2025, Tax Provision is likely to grow to about 42.6 M, while Issuance Of Capital Stock is likely to drop about 7.9 M.

	2022	2023	2024	2025 (projected)
Gross Profit	372.7M	434.6M	499.8M	524.8M
Total Revenue	486.0M	572.9M	658.9M	691.8M

Gross Profit Total Revenue

Descartes Systems 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	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Current Deferred Revenue	Common Stock Total Equity	Common Stock
Total Assets		-0.68	0.96	0.98	1.0	0.67	-0.86	0.88	0.92	0.91	0.99	0.72	0.91	0.95	0.62	0.31	0.9	-0.1	0.98	0.94	0.93	-0.06	0.94	0.99	0.95	0.83
Short Long Term Debt Total	-0.68		-0.7	-0.69	-0.69	-0.45	0.66	-0.88	-0.57	-0.65	-0.67	-0.44	-0.65	-0.55	-0.01	-0.02	-0.62	0.35	-0.65	-0.66	-0.65	0.22	-0.61	-0.57	-0.76	-0.71
Other Current Liab	0.96	-0.7		1.0	0.96	0.49	-0.91	0.94	0.96	0.96	0.92	0.68	0.96	0.96	0.48	0.33	0.87	-0.18	0.97	0.98	0.97	-0.07	0.84	0.95	0.86	0.73
Total Current Liabilities	0.98	-0.69	1.0		0.98	0.54	-0.9	0.92	0.96	0.95	0.95	0.7	0.95	0.97	0.53	0.34	0.89	-0.13	0.98	0.97	0.96	-0.05	0.88	0.97	0.89	0.75
Total Stockholder Equity	1.0	-0.69	0.96	0.98		0.68	-0.86	0.87	0.91	0.9	0.99	0.71	0.91	0.94	0.63	0.29	0.9	-0.09	0.97	0.94	0.92	-0.06	0.95	0.98	0.96	0.84
Property Plant And Equipment Net	0.67	-0.45	0.49	0.54	0.68		-0.41	0.41	0.44	0.39	0.74	0.5	0.39	0.5	0.74	0.24	0.66	0.04	0.6	0.48	0.43	0.0	0.78	0.64	0.76	0.86
Net Debt	-0.86	0.66	-0.91	-0.9	-0.86	-0.41		-0.86	-0.85	-0.97	-0.79	-0.71	-0.97	-0.83	-0.43	-0.43	-0.89	0.26	-0.84	-0.89	-0.96	0.02	-0.67	-0.83	-0.77	-0.69
Retained Earnings	0.88	-0.88	0.94	0.92	0.87	0.41	-0.86		0.86	0.9	0.84	0.59	0.9	0.84	0.23	0.18	0.77	-0.25	0.87	0.9	0.89	-0.11	0.75	0.82	0.83	0.72
Accounts Payable	0.92	-0.57	0.96	0.96	0.91	0.44	-0.85	0.86		0.93	0.87	0.63	0.93	0.98	0.47	0.42	0.84	0.04	0.93	0.95	0.95	0.06	0.79	0.92	0.78	0.61
Cash	0.91	-0.65	0.96	0.95	0.9	0.39	-0.97	0.9	0.93		0.84	0.7	1.0	0.91	0.42	0.43	0.9	-0.19	0.91	0.94	1.0	-0.01	0.73	0.89	0.79	0.65
Non Current Assets Total	0.99	-0.67	0.92	0.95	0.99	0.74	-0.79	0.84	0.87	0.84		0.69	0.84	0.92	0.66	0.24	0.86	-0.07	0.96	0.9	0.86	-0.07	0.98	0.98	0.97	0.86
Non Currrent Assets Other	0.72	-0.44	0.68	0.7	0.71	0.5	-0.71	0.59	0.63	0.7	0.69		0.7	0.68	0.6	0.52	0.69	-0.09	0.71	0.66	0.71	-0.14	0.68	0.7	0.68	0.69
Cash And Short Term Investments	0.91	-0.65	0.96	0.95	0.91	0.39	-0.97	0.9	0.93	1.0	0.84	0.7		0.91	0.42	0.43	0.9	-0.19	0.91	0.94	1.0	-0.01	0.73	0.89	0.79	0.65
Net Receivables	0.95	-0.55	0.96	0.97	0.94	0.5	-0.83	0.84	0.98	0.91	0.92	0.68	0.91		0.57	0.37	0.84	0.04	0.96	0.95	0.93	-0.07	0.86	0.97	0.82	0.66
Common Stock Shares Outstanding	0.62	-0.01	0.48	0.53	0.63	0.74	-0.43	0.23	0.47	0.42	0.66	0.6	0.42	0.57		0.28	0.55	0.17	0.59	0.48	0.45	0.0	0.7	0.69	0.59	0.68
Inventory	0.31	-0.02	0.33	0.34	0.29	0.24	-0.43	0.18	0.42	0.43	0.24	0.52	0.43	0.37	0.28		0.59	-0.04	0.37	0.34	0.44	0.11	0.18	0.32	0.15	0.14
Other Current Assets	0.9	-0.62	0.87	0.89	0.9	0.66	-0.89	0.77	0.84	0.9	0.86	0.69	0.9	0.84	0.55	0.59		-0.17	0.88	0.86	0.91	0.0	0.78	0.87	0.83	0.74
Other Stockholder Equity	-0.1	0.35	-0.18	-0.13	-0.09	0.04	0.26	-0.25	0.04	-0.19	-0.07	-0.09	-0.19	0.04	0.17	-0.04	-0.17		-0.12	-0.22	-0.16	0.03	-0.01	-0.04	-0.13	-0.12
Total Liab	0.98	-0.65	0.97	0.98	0.97	0.6	-0.84	0.87	0.93	0.91	0.96	0.71	0.91	0.96	0.59	0.37	0.88	-0.12		0.94	0.93	-0.03	0.91	0.97	0.89	0.77
Property Plant And Equipment Gross	0.94	-0.66	0.98	0.97	0.94	0.48	-0.89	0.9	0.95	0.94	0.9	0.66	0.94	0.95	0.48	0.34	0.86	-0.22	0.94		0.95	-0.03	0.82	0.93	0.83	0.69
Total Current Assets	0.93	-0.65	0.97	0.96	0.92	0.43	-0.96	0.89	0.95	1.0	0.86	0.71	1.0	0.93	0.45	0.44	0.91	-0.16	0.93	0.95		-0.01	0.76	0.91	0.81	0.67
Short Term Debt	-0.06	0.22	-0.07	-0.05	-0.06	0.0	0.02	-0.11	0.06	-0.01	-0.07	-0.14	-0.01	-0.07	0.0	0.11	0.0	0.03	-0.03	-0.03	-0.01		-0.07	-0.05	-0.07	-0.07
Intangible Assets	0.94	-0.61	0.84	0.88	0.95	0.78	-0.67	0.75	0.79	0.73	0.98	0.68	0.73	0.86	0.7	0.18	0.78	-0.01	0.91	0.82	0.76	-0.07		0.93	0.96	0.87
Current Deferred Revenue	0.99	-0.57	0.95	0.97	0.98	0.64	-0.83	0.82	0.92	0.89	0.98	0.7	0.89	0.97	0.69	0.32	0.87	-0.04	0.97	0.93	0.91	-0.05	0.93		0.9	0.78
Common Stock Total Equity	0.95	-0.76	0.86	0.89	0.96	0.76	-0.77	0.83	0.78	0.79	0.97	0.68	0.79	0.82	0.59	0.15	0.83	-0.13	0.89	0.83	0.81	-0.07	0.96	0.9		0.92
Common Stock	0.83	-0.71	0.73	0.75	0.84	0.86	-0.69	0.72	0.61	0.65	0.86	0.69	0.65	0.66	0.68	0.14	0.74	-0.12	0.77	0.69	0.67	-0.07	0.87	0.78	0.92

Click cells to compare fundamentals

Descartes Systems Account Relationship Matchups

Descartes Systems fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.1B	1.2B	1.3B	1.5B	1.7B	1.8B
Short Long Term Debt Total	13.1M	11.4M	7.3M	7.0M	6.3M	6.0M
Other Current Liab	38.9M	56.4M	80.3M	91.8M	105.6M	110.9M
Total Current Liabilities	104.3M	133.4M	169.6M	203.6M	234.2M	245.9M
Total Stockholder Equity	911.1M	999.8M	1.1B	1.2B	1.4B	1.5B
Property Plant And Equipment Net	24.3M	21.4M	18.2M	17.8M	20.5M	11.7M
Net Debt	(120.6M)	(202.0M)	(269.1M)	(314.0M)	(282.6M)	(268.4M)
Retained Earnings	(83.7M)	2.6M	104.8M	220.8M	253.9M	266.6M
Accounts Payable	8.0M	10.6M	10.6M	17.5M	20.1M	21.1M
Cash	133.7M	213.4M	276.4M	321.0M	369.1M	387.5M
Non Current Assets Total	860.2M	893.4M	957.4M	1.1B	1.2B	1.3B
Non Currrent Assets Other	15.6M	18.7M	22.2M	26.8M	24.2M	17.0M
Cash And Short Term Investments	133.7M	213.4M	276.4M	321.0M	369.1M	387.5M
Net Receivables	37.2M	41.7M	45.2M	63.8M	73.3M	77.0M
Common Stock Shares Outstanding	85.8M	86.2M	86.5M	86.8M	99.8M	66.4M
Liabilities And Stockholders Equity	1.1B	1.2B	1.3B	1.5B	1.7B	1.8B
Inventory	411K	429K	868K	759K	683.1K	613.3K
Other Current Assets	31.8M	36.0M	36.3M	33.5M	38.5M	40.4M
Other Stockholder Equity	464.1M	473.3M	(643.3M)	494.7M	568.9M	340.1M
Total Liab	152.2M	185.6M	216.7M	236.3M	271.7M	285.3M
Property Plant And Equipment Gross	24.3M	21.4M	56.0M	60.4M	69.5M	73.0M
Total Current Assets	203.1M	292.1M	358.7M	418.2M	480.9M	505.0M
Accumulated Other Comprehensive Income	(1.2M)	(12.4M)	(30.5M)	(28.6M)	(25.7M)	(24.4M)
Short Term Debt	4.2M	4.0M	3.4M	3.1M	2.8M	2.6M
Intangible Assets	240.0M	229.6M	229.8M	251.0M	288.7M	303.1M
Current Deferred Revenue	49.9M	56.8M	67.8M	84.5M	97.2M	102.0M
Common Stock	531.8M	536.3M	538.4M	551.2M	633.8M	328.7M
Non Current Liabilities Total	47.9M	52.2M	47.1M	32.6M	37.5M	35.0M
Good Will	565.2M	608.8M	675.6M	760.4M	874.5M	918.2M
Other Liab	22.5M	39.0M	44.8M	43.1M	49.6M	25.6M
Net Tangible Assets	41.1M	105.9M	161.4M	193.9M	223.0M	234.2M
Property Plant Equipment	26.6M	24.3M	21.4M	18.2M	20.9M	15.6M
Other Assets	35.1M	30.8M	33.6M	33.7M	38.8M	24.2M
Capital Surpluse	459.3M	464.1M	473.3M	486.6M	559.5M	506.6M
Deferred Long Term Liab	9.8M	12.9M	16.6M	18.4M	21.2M	22.2M
Net Invested Capital	911.1M	999.8M	1.1B	1.2B	1.4B	968.8M
Net Working Capital	98.8M	158.6M	189.1M	214.6M	246.7M	259.1M
Capital Stock	531.8M	536.3M	538.4M	551.2M	633.8M	542.4M
Capital Lease Obligations	13.1M	11.4M	7.3M	7.0M	6.3M	8.3M

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 against Descartes Stock

0.41

RY-PS

Royal Bank Earnings Call Today

Pair Corr

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.

Pair Correlation Correlation Matching

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:

How To Invest In Descartes

Details

Is Descartes Stock a good investment?

Details

What is Descartes Systems' Net Worth?

Details

Largest Application Software Companies

View

Largest Software - Application Companies

View

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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Descartes Depreciation And Amortization vs Income Tax Expense Analysis

Depreciation And Amortization vs Income Tax Expense

Depreciation And Amortization vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Depreciation And Amortization

Income Tax Expense

Descartes Systems fundamental ratios Correlations

Descartes Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Descartes Systems fundamental ratios Accounts

Pair Trading with Descartes Systems

Moving against Descartes Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Non Current Assets Total	+ 0.99	Total Assets

Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Total Current Assets	- 0.96	Net Debt
Net Debt	- 0.91	Other Current Liab
Net Debt	- 0.9	Total Current Liabilities
Property Plant And Equipment Gross	- 0.89	Net Debt