Descartes Ev To Sales vs Free Cash Flow Yield Analysis

DSG Stock

CAD 165.10 0.36 0.22%

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 Ev To Sales and its Free Cash Flow Yield 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.

Ev To Sales vs Free Cash Flow Yield

Ev To Sales vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Descartes Systems Ev To Sales account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak relationship.

The correlation between Descartes Systems' Ev To Sales and Free Cash Flow Yield is 0.36. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Free Cash Flow Yield 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' Ev To Sales and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of Descartes Systems Group are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Ev To Sales i.e., Descartes Systems' Ev To Sales and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

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 29th of November 2024, Tax Provision is likely to grow to about 37 M, while Issuance Of Capital Stock is likely to drop about 8.8 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

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		-0.65	0.95	0.98	1.0	0.69	-0.84	0.83	0.89	0.87	0.99	0.7	0.87	0.93	0.6	0.27	0.87	-0.22	0.97	0.92	0.9	-0.05	0.93	0.98	0.96	0.84
Short Long Term Debt Total	-0.65		-0.68	-0.66	-0.65	-0.41	0.62	-0.89	-0.52	-0.62	-0.63	-0.38	-0.62	-0.48	0.09	0.03	-0.57	0.43	-0.61	-0.63	-0.61	0.22	-0.56	-0.5	-0.74	-0.68
Other Current Liab	0.95	-0.68		0.99	0.94	0.47	-0.92	0.92	0.93	0.94	0.9	0.66	0.94	0.94	0.41	0.29	0.84	-0.34	0.95	0.97	0.96	-0.06	0.8	0.93	0.88	0.7
Total Current Liabilities	0.98	-0.66	0.99		0.97	0.54	-0.9	0.89	0.94	0.93	0.94	0.68	0.93	0.96	0.48	0.31	0.86	-0.27	0.98	0.96	0.95	-0.04	0.85	0.96	0.91	0.74
Total Stockholder Equity	1.0	-0.65	0.94	0.97		0.7	-0.84	0.83	0.88	0.87	0.99	0.7	0.87	0.93	0.6	0.25	0.87	-0.21	0.96	0.91	0.89	-0.06	0.93	0.98	0.97	0.85
Property Plant And Equipment Net	0.69	-0.41	0.47	0.54	0.7		-0.33	0.35	0.42	0.34	0.76	0.45	0.34	0.5	0.72	0.21	0.67	0.0	0.61	0.46	0.4	0.0	0.81	0.65	0.74	0.86
Net Debt	-0.84	0.62	-0.92	-0.9	-0.84	-0.33		-0.85	-0.85	-0.99	-0.74	-0.66	-0.99	-0.82	-0.31	-0.38	-0.86	0.36	-0.82	-0.89	-0.98	0.01	-0.6	-0.81	-0.77	-0.61
Retained Earnings	0.83	-0.89	0.92	0.89	0.83	0.35	-0.85		0.81	0.86	0.78	0.53	0.86	0.78	0.09	0.11	0.71	-0.39	0.83	0.87	0.86	-0.12	0.67	0.75	0.83	0.67
Accounts Payable	0.89	-0.52	0.93	0.94	0.88	0.42	-0.85	0.81		0.9	0.83	0.61	0.9	0.97	0.4	0.41	0.81	-0.07	0.91	0.92	0.92	0.1	0.73	0.9	0.79	0.56
Cash	0.87	-0.62	0.94	0.93	0.87	0.34	-0.99	0.86	0.9		0.78	0.68	1.0	0.87	0.33	0.42	0.87	-0.34	0.87	0.91	1.0	0.01	0.64	0.84	0.79	0.6
Non Current Assets Total	0.99	-0.63	0.9	0.94	0.99	0.76	-0.74	0.78	0.83	0.78		0.66	0.78	0.9	0.65	0.19	0.82	-0.17	0.95	0.86	0.81	-0.07	0.98	0.97	0.97	0.88
Non Currrent Assets Other	0.7	-0.38	0.66	0.68	0.7	0.45	-0.66	0.53	0.61	0.68	0.66		0.68	0.68	0.55	0.49	0.66	-0.16	0.7	0.63	0.7	-0.14	0.65	0.68	0.66	0.65
Cash And Short Term Investments	0.87	-0.62	0.94	0.93	0.87	0.34	-0.99	0.86	0.9	1.0	0.78	0.68		0.87	0.33	0.42	0.87	-0.34	0.87	0.91	1.0	0.01	0.64	0.84	0.79	0.6
Net Receivables	0.93	-0.48	0.94	0.96	0.93	0.5	-0.82	0.78	0.97	0.87	0.9	0.68	0.87		0.55	0.35	0.8	-0.07	0.94	0.92	0.9	-0.07	0.82	0.96	0.83	0.63
Common Stock Shares Outstanding	0.6	0.09	0.41	0.48	0.6	0.72	-0.31	0.09	0.4	0.33	0.65	0.55	0.33	0.55		0.25	0.52	0.11	0.56	0.41	0.38	0.01	0.7	0.69	0.53	0.63
Inventory	0.27	0.03	0.29	0.31	0.25	0.21	-0.38	0.11	0.41	0.42	0.19	0.49	0.42	0.35	0.25		0.59	-0.07	0.34	0.3	0.44	0.12	0.12	0.28	0.11	0.08
Other Current Assets	0.87	-0.57	0.84	0.86	0.87	0.67	-0.86	0.71	0.81	0.87	0.82	0.66	0.87	0.8	0.52	0.59		-0.27	0.85	0.82	0.89	0.01	0.72	0.84	0.8	0.72
Other Stockholder Equity	-0.22	0.43	-0.34	-0.27	-0.21	0.0	0.36	-0.39	-0.07	-0.34	-0.17	-0.16	-0.34	-0.07	0.11	-0.07	-0.27		-0.25	-0.38	-0.31	0.03	-0.08	-0.14	-0.19	-0.23
Total Liab	0.97	-0.61	0.95	0.98	0.96	0.61	-0.82	0.83	0.91	0.87	0.95	0.7	0.87	0.94	0.56	0.34	0.85	-0.25		0.91	0.89	-0.02	0.88	0.96	0.89	0.76
Property Plant And Equipment Gross	0.92	-0.63	0.97	0.96	0.91	0.46	-0.89	0.87	0.92	0.91	0.86	0.63	0.91	0.92	0.41	0.3	0.82	-0.38	0.91		0.93	-0.02	0.76	0.91	0.84	0.66
Total Current Assets	0.9	-0.61	0.96	0.95	0.89	0.4	-0.98	0.86	0.92	1.0	0.81	0.7	1.0	0.9	0.38	0.44	0.89	-0.31	0.89	0.93		0.0	0.69	0.88	0.81	0.63
Short Term Debt	-0.05	0.22	-0.06	-0.04	-0.06	0.0	0.01	-0.12	0.1	0.01	-0.07	-0.14	0.01	-0.07	0.01	0.12	0.01	0.03	-0.02	-0.02	0.0		-0.06	-0.05	-0.07	-0.06
Intangible Assets	0.93	-0.56	0.8	0.85	0.93	0.81	-0.6	0.67	0.73	0.64	0.98	0.65	0.64	0.82	0.7	0.12	0.72	-0.08	0.88	0.76	0.69	-0.06		0.92	0.95	0.89
Current Deferred Revenue	0.98	-0.5	0.93	0.96	0.98	0.65	-0.81	0.75	0.9	0.84	0.97	0.68	0.84	0.96	0.69	0.28	0.84	-0.14	0.96	0.91	0.88	-0.05	0.92		0.91	0.77
Common Stock Total Equity	0.96	-0.74	0.88	0.91	0.97	0.74	-0.77	0.83	0.79	0.79	0.97	0.66	0.79	0.83	0.53	0.11	0.8	-0.19	0.89	0.84	0.81	-0.07	0.95	0.91		0.91
Common Stock	0.84	-0.68	0.7	0.74	0.85	0.86	-0.61	0.67	0.56	0.6	0.88	0.65	0.6	0.63	0.63	0.08	0.72	-0.23	0.76	0.66	0.63	-0.06	0.89	0.77	0.91

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Descartes Systems Account Relationship Matchups

Descartes Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	942.6M	1.1B	1.2B	1.3B	1.5B	1.5B
Short Long Term Debt Total	13.4M	13.1M	11.4M	7.3M	7.0M	6.6M
Other Current Liab	34.9M	38.9M	56.4M	80.3M	91.8M	96.4M
Total Current Liabilities	88.9M	104.3M	133.4M	169.6M	203.6M	213.8M
Total Stockholder Equity	821.7M	911.1M	999.8M	1.1B	1.2B	1.3B
Property Plant And Equipment Net	26.6M	24.3M	21.4M	18.2M	17.8M	11.7M
Net Debt	(31.0M)	(120.6M)	(202.0M)	(269.1M)	(314.0M)	(298.3M)
Retained Earnings	(135.8M)	(83.7M)	2.6M	104.8M	220.8M	231.8M
Accounts Payable	7.7M	8.0M	10.6M	10.6M	17.5M	18.4M
Cash	44.4M	133.7M	213.4M	276.4M	321.0M	337.0M
Non Current Assets Total	842.4M	860.2M	893.4M	957.4M	1.1B	1.1B
Non Currrent Assets Other	13.5M	15.6M	18.7M	22.2M	26.8M	17.0M
Cash And Short Term Investments	44.4M	133.7M	213.4M	276.4M	321.0M	337.0M
Net Receivables	35.1M	37.2M	41.7M	45.2M	63.8M	67.0M
Common Stock Shares Outstanding	82.9M	85.8M	86.2M	86.5M	86.8M	66.4M
Liabilities And Stockholders Equity	942.6M	1.1B	1.2B	1.3B	1.5B	1.5B
Inventory	411K	429K	868K	759K	683.1K	613.3K
Other Current Assets	20.3M	31.8M	36.0M	36.3M	33.5M	35.1M
Other Stockholder Equity	459.3M	464.1M	473.3M	(643.3M)	494.7M	340.1M
Total Liab	120.9M	152.2M	185.6M	216.7M	236.3M	248.1M
Property Plant And Equipment Gross	26.6M	24.3M	21.4M	56.0M	60.4M	63.5M
Total Current Assets	100.2M	203.1M	292.1M	358.7M	418.2M	439.1M
Accumulated Other Comprehensive Income	(25.9M)	(1.2M)	(12.4M)	(30.5M)	(28.6M)	(27.2M)
Short Term Debt	3.9M	4.2M	4.0M	3.4M	3.1M	2.9M
Intangible Assets	257.0M	240.0M	229.6M	229.8M	251.0M	263.6M
Current Deferred Revenue	41.1M	49.9M	56.8M	67.8M	84.5M	88.7M
Common Stock Total Equity	274.5M	276.8M	524.2M	531.8M	611.6M	642.2M
Common Stock	524.2M	531.8M	536.3M	538.4M	551.2M	328.7M
Non Current Liabilities Total	31.9M	47.9M	52.2M	47.1M	32.6M	35.0M
Good Will	523.7M	565.2M	608.8M	675.6M	760.4M	798.4M
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	821.7M	911.1M	999.8M	1.1B	1.2B	968.8M
Net Working Capital	11.3M	98.8M	158.6M	189.1M	214.6M	225.3M
Capital Stock	524.2M	531.8M	536.3M	538.4M	551.2M	542.4M

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

0.89	WMT	Walmart Inc CDR	Pair Corr
0.88	AMZN	Amazon CDR	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

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Is Descartes Stock a good investment?

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What is Descartes Systems' Net Worth?

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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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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.

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Descartes Ev To Sales vs Free Cash Flow Yield Analysis

Ev To Sales vs Free Cash Flow Yield

Ev To Sales vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Ev To Sales

Free Cash Flow Yield

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 together with Descartes Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
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
Total Current Liabilities	+ 0.99	Other Current Liab

Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Total Current Assets	- 0.98	Net Debt
Net Debt	- 0.92	Other Current Liab
Net Debt	- 0.9	Total Current Liabilities
Property Plant And Equipment Gross	- 0.89	Net Debt