SkyWest Cost Of Revenue vs Net Income Analysis

SKYW Stock

USD 109.56 0.58 0.53%

SkyWest financial indicator trend analysis is much more than just breaking down SkyWest prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SkyWest is a good investment. Please check the relationship between SkyWest Cost Of Revenue and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SkyWest. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

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

Cost Of Revenue vs Net Income

Cost Of Revenue vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SkyWest Cost Of Revenue account and Net Income. At this time, the significance of the direction appears to have no relationship.

The correlation between SkyWest's Cost Of Revenue and Net Income is 0.02. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of SkyWest, assuming nothing else is changed. The correlation between historical values of SkyWest's Cost Of Revenue and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of SkyWest are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Cost Of Revenue i.e., SkyWest's Cost Of Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

0.02

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Cost Of Revenue

Cost of Revenue is found on SkyWest income statement and represents the costs associated with goods and services SkyWest 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 SkyWest financial statement analysis. It represents the amount of money remaining after all of SkyWest operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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

For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.At this time, SkyWest's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 3.1 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 6.26 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	123.1M	127.1M	130.9M	137.5M
Depreciation And Amortization	440.2M	394.6M	383.1M	402.3M

Interest Expense Depreciation And Amortization

SkyWest 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	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	Intangible Assets	Accounts Payable	Common Stock Total Equity	Short Term Investments
Total Assets		0.97	0.11	0.97	0.99	0.99	0.94	0.98	-0.04	0.99	0.32	0.75	0.22	0.69	0.99	0.46	-0.13	-0.78	1.0	0.9	0.39	0.96	-0.2	0.9	0.8	0.72
Short Long Term Debt Total	0.97		0.03	0.92	0.95	0.99	0.98	0.94	-0.11	0.98	0.26	0.73	0.08	0.61	0.98	0.37	-0.23	-0.74	0.98	0.88	0.28	0.97	-0.34	0.83	0.75	0.68
Other Current Liab	0.11	0.03		0.07	0.12	0.07	-0.12	0.05	0.75	0.09	-0.06	0.0	0.17	0.34	0.12	0.59	0.88	-0.18	0.11	-0.07	0.24	-0.01	0.13	0.07	0.31	-0.16
Total Current Liabilities	0.97	0.92	0.07		0.95	0.96	0.9	0.97	-0.07	0.96	0.43	0.68	0.16	0.59	0.95	0.38	-0.16	-0.83	0.97	0.97	0.33	0.95	-0.24	0.97	0.73	0.68
Total Stockholder Equity	0.99	0.95	0.12	0.95		0.97	0.93	0.98	-0.07	0.97	0.27	0.77	0.27	0.7	0.97	0.48	-0.13	-0.76	0.98	0.88	0.42	0.93	-0.18	0.88	0.81	0.73
Property Plant And Equipment Net	0.99	0.99	0.07	0.96	0.97		0.97	0.98	-0.12	1.0	0.3	0.69	0.09	0.59	0.98	0.35	-0.2	-0.8	0.99	0.92	0.26	0.98	-0.34	0.88	0.74	0.66
Net Debt	0.94	0.98	-0.12	0.9	0.93	0.97		0.93	-0.31	0.97	0.22	0.69	0.06	0.51	0.94	0.24	-0.4	-0.71	0.94	0.89	0.18	0.96	-0.4	0.8	0.68	0.68
Retained Earnings	0.98	0.94	0.05	0.97	0.98	0.98	0.93		-0.17	0.98	0.32	0.69	0.17	0.57	0.95	0.33	-0.22	-0.83	0.97	0.95	0.29	0.96	-0.28	0.91	0.72	0.69
Cash	-0.04	-0.11	0.75	-0.07	-0.07	-0.12	-0.31	-0.17		-0.13	0.12	0.06	0.1	0.4	-0.02	0.57	0.91	0.0	-0.03	-0.24	0.43	-0.15	0.37	-0.02	0.23	-0.13
Non Current Assets Total	0.99	0.98	0.09	0.96	0.97	1.0	0.97	0.98	-0.13		0.29	0.68	0.09	0.59	0.98	0.35	-0.2	-0.8	0.98	0.92	0.24	0.97	-0.35	0.87	0.74	0.65
Non Currrent Assets Other	0.32	0.26	-0.06	0.43	0.27	0.3	0.22	0.32	0.12	0.29		0.3	-0.06	0.09	0.31	0.04	-0.03	-0.37	0.35	0.48	0.21	0.45	0.04	0.47	0.2	0.42
Cash And Short Term Investments	0.75	0.73	0.0	0.68	0.77	0.69	0.69	0.69	0.06	0.68	0.3		0.49	0.66	0.74	0.65	-0.1	-0.45	0.74	0.61	0.76	0.69	0.12	0.66	0.87	0.93
Net Receivables	0.22	0.08	0.17	0.16	0.27	0.09	0.06	0.17	0.1	0.09	-0.06	0.49		0.57	0.2	0.65	0.18	0.11	0.19	0.06	0.79	0.0	0.73	0.19	0.48	0.5
Common Stock Shares Outstanding	0.69	0.61	0.34	0.59	0.7	0.59	0.51	0.57	0.4	0.59	0.09	0.66	0.57		0.71	0.83	0.29	-0.33	0.69	0.38	0.77	0.5	0.44	0.55	0.8	0.54
Non Current Liabilities Total	0.99	0.98	0.12	0.95	0.97	0.98	0.94	0.95	-0.02	0.98	0.31	0.74	0.2	0.71		0.47	-0.12	-0.76	1.0	0.88	0.39	0.95	-0.2	0.86	0.81	0.7
Inventory	0.46	0.37	0.59	0.38	0.48	0.35	0.24	0.33	0.57	0.35	0.04	0.65	0.65	0.83	0.47		0.52	-0.21	0.45	0.17	0.85	0.26	0.49	0.38	0.83	0.49
Other Current Assets	-0.13	-0.23	0.88	-0.16	-0.13	-0.2	-0.4	-0.22	0.91	-0.2	-0.03	-0.1	0.18	0.29	-0.12	0.52		0.03	-0.13	-0.3	0.33	-0.26	0.34	-0.12	0.12	-0.23
Other Stockholder Equity	-0.78	-0.74	-0.18	-0.83	-0.76	-0.8	-0.71	-0.83	0.0	-0.8	-0.37	-0.45	0.11	-0.33	-0.76	-0.21	0.03		-0.79	-0.83	-0.11	-0.8	0.46	-0.79	-0.54	-0.47
Total Liab	1.0	0.98	0.11	0.97	0.98	0.99	0.94	0.97	-0.03	0.98	0.35	0.74	0.19	0.69	1.0	0.45	-0.13	-0.79		0.91	0.38	0.96	-0.21	0.9	0.8	0.7
Property Plant And Equipment Gross	0.9	0.88	-0.07	0.97	0.88	0.92	0.89	0.95	-0.24	0.92	0.48	0.61	0.06	0.38	0.88	0.17	-0.3	-0.83	0.91		0.17	0.94	-0.38	0.95	0.58	0.66
Total Current Assets	0.39	0.28	0.24	0.33	0.42	0.26	0.18	0.29	0.43	0.24	0.21	0.76	0.79	0.77	0.39	0.85	0.33	-0.11	0.38	0.17		0.21	0.69	0.35	0.73	0.68
Short Term Debt	0.96	0.97	-0.01	0.95	0.93	0.98	0.96	0.96	-0.15	0.97	0.45	0.69	0.0	0.5	0.95	0.26	-0.26	-0.8	0.96	0.94	0.21		-0.39	0.88	0.68	0.69
Intangible Assets	-0.2	-0.34	0.13	-0.24	-0.18	-0.34	-0.4	-0.28	0.37	-0.35	0.04	0.12	0.73	0.44	-0.2	0.49	0.34	0.46	-0.21	-0.38	0.69	-0.39		-0.19	0.15	0.09
Accounts Payable	0.9	0.83	0.07	0.97	0.88	0.88	0.8	0.91	-0.02	0.87	0.47	0.66	0.19	0.55	0.86	0.38	-0.12	-0.79	0.9	0.95	0.35	0.88	-0.19		0.67	0.65
Common Stock Total Equity	0.8	0.75	0.31	0.73	0.81	0.74	0.68	0.72	0.23	0.74	0.2	0.87	0.48	0.8	0.81	0.83	0.12	-0.54	0.8	0.58	0.73	0.68	0.15	0.67		0.75
Short Term Investments	0.72	0.68	-0.16	0.68	0.73	0.66	0.68	0.69	-0.13	0.65	0.42	0.93	0.5	0.54	0.7	0.49	-0.23	-0.47	0.7	0.66	0.68	0.69	0.09	0.65	0.75

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SkyWest Account Relationship Matchups

SkyWest fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.7B	6.9B	7.1B	7.4B	7.0B	7.4B
Short Long Term Debt Total	3.0B	3.5B	3.3B	3.5B	3.1B	3.2B
Other Current Liab	560.6M	152.1M	198.7M	219.8M	294.8M	149.2M
Total Current Liabilities	924.7M	941.7M	1.2B	1.2B	1.3B	1.3B
Total Stockholder Equity	2.2B	2.1B	2.3B	2.3B	2.1B	2.2B
Property Plant And Equipment Net	5.4B	5.6B	5.7B	5.7B	5.6B	5.8B
Net Debt	2.9B	3.3B	3.1B	3.4B	2.9B	3.1B
Retained Earnings	2.1B	2.1B	2.2B	2.2B	2.3B	2.4B
Cash	87.2M	215.7M	258.4M	103.0M	148.3M	161.3M
Non Current Assets Total	5.9B	5.9B	6.1B	6.0B	5.9B	6.2B
Non Currrent Assets Other	(121.5M)	260.4M	320.2M	342.9M	324.7M	340.9M
Cash And Short Term Investments	520.2M	825.9M	860.4M	1.0B	835.2M	437.8M
Net Receivables	94.1M	34.5M	65.3M	110.4M	84.1M	52.9M
Common Stock Shares Outstanding	51.4M	50.2M	50.8M	50.6M	44.6M	51.4M
Liabilities And Stockholders Equity	6.7B	6.9B	7.1B	7.4B	7.0B	7.4B
Non Current Liabilities Total	3.6B	3.8B	3.7B	3.9B	3.7B	3.8B
Inventory	110.5M	91.2M	104.1M	123.2M	127.1M	66.6M
Other Current Assets	240.2M	31.2M	38.7M	90.4M	85.5M	110.7M
Other Stockholder Equity	(591.0M)	(617.1M)	(618.7M)	(619.9M)	(912.4M)	(866.8M)
Total Liab	4.5B	4.7B	4.9B	5.1B	4.9B	5.2B
Property Plant And Equipment Gross	5.7B	5.6B	8.2B	8.4B	8.8B	9.2B
Total Current Assets	760.3M	982.8M	1.1B	1.4B	1.1B	715.2M
Accumulated Other Comprehensive Income	(32K)	(2.0B)	0.0	(3.8M)	325K	341.3K
Short Term Debt	364.1M	484.8M	470.7M	510.2M	463.2M	486.4M
Accounts Payable	284.5M	278.7M	496.3M	422.0M	470.3M	493.8M
Common Stock Total Equity	686.8M	704.7M	722.3M	734.4M	844.6M	491.0M
Short Term Investments	433.0M	610.2M	602.0M	944.2M	686.9M	418.2M
Common Stock	686.8M	704.7M	722.3M	734.4M	754.4M	432.4M
Other Assets	191.1M	574.4M	683.7M	340.2M	391.2M	410.8M
Long Term Debt	2.6B	2.8B	2.7B	2.9B	2.6B	1.8B
Property Plant Equipment	5.4B	5.4B	5.4B	5.5B	6.4B	6.7B
Other Liab	669.2M	1.0B	946.4M	864.0M	993.6M	1.0B
Current Deferred Revenue	(284.5M)	(278.7M)	(496.3M)	40.8M	240.3M	252.3M
Net Tangible Assets	2.4B	2.3B	2.3B	2.4B	2.8B	2.0B
Retained Earnings Total Equity	2.1B	2.1B	2.2B	2.2B	2.6B	1.7B
Long Term Debt Total	2.6B	2.8B	2.7B	2.9B	3.4B	2.4B
Deferred Long Term Liab	623.6M	625.9M	663.2M	687.1M	618.4M	542.3M
Non Current Liabilities Other	45.6M	173.0M	946.4M	952.6M	341.3M	246.1M

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SkyWest Cost Of Revenue vs Net Income Analysis

Cost Of Revenue vs Net Income

Cost Of Revenue vs Net Income Correlation Analysis

Correlation Coefficient

Cost Of Revenue

Net Income

SkyWest fundamental ratios Correlations

SkyWest Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SkyWest fundamental ratios Accounts

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Total Liab	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Non Current Liabilities Total
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Property Plant And Equipment Gross	- 0.83	Other Stockholder Equity
Other Stockholder Equity	- 0.83	Retained Earnings
Other Stockholder Equity	- 0.83	Total Current Liabilities
Short Term Debt	- 0.8	Other Stockholder Equity
Other Stockholder Equity	- 0.8	Non Current Assets Total
Other Stockholder Equity	- 0.8	Property Plant And Equipment Net