Descartes Accounts Payable from 2010 to 2024
| DSGX Stock | USD 94.85 2.06 2.22% |
Accounts Payable | First Reported 1998-01-31 | Previous Quarter 14.2 M | Current Value 17.4 M | Quarterly Volatility 3.1 M |
Check Descartes Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Descartes main balance sheet or income statement drivers, such as Depreciation And Amortization of 69.6 M, Interest Expense of 1.4 M or Total Revenue of 604 M, as well as many exotic indicators such as Price To Sales Ratio of 13.6, Dividend Yield of 0.0 or PTB Ratio of 6.36. Descartes financial statements analysis is a perfect complement when working with Descartes Systems Valuation or Volatility modules.
Descartes | Accounts Payable |
Latest Descartes Systems' Accounts Payable Growth Pattern
Below is the plot of the Accounts Payable of Descartes Systems Group over the last few years. An accounting item on the balance sheet that represents Descartes Systems obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Descartes Systems are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. It is the amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities. Descartes Systems' Accounts Payable historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Descartes Systems' overall financial position and show how it may be relating to other accounts over time.
| Accounts Payable | 10 Years Trend |
|
Accounts Payable |
| Timeline |
Descartes Accounts Payable Regression Statistics
| Arithmetic Mean | 8,380,371 | |
| Geometric Mean | 7,575,857 | |
| Coefficient Of Variation | 51.34 | |
| Mean Deviation | 3,098,218 | |
| Median | 7,667,000 | |
| Standard Deviation | 4,302,535 | |
| Sample Variance | 18.5T | |
| Range | 13.8M | |
| R-Value | 0.73 | |
| Mean Square Error | 9.3T | |
| R-Squared | 0.53 | |
| Significance | 0 | |
| Slope | 703,377 | |
| Total Sum of Squares | 259.2T |
Descartes Accounts Payable History
About Descartes Systems Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Descartes Systems income statement, its balance sheet, and the statement of cash flows. Descartes Systems investors use historical funamental indicators, such as Descartes Systems's Accounts Payable, to determine how well the company is positioned to perform in the future. Although Descartes Systems investors may use each financial statement separately, they are all related. The changes in Descartes Systems's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Descartes Systems's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Descartes Systems Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Descartes Systems. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Accounts Payable | 17.4 M | 18.2 M |
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
| 0.63 | U | Unity Software Aggressive Push | PairCorr |
| 0.61 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
| 0.61 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
| 0.6 | DMAN | Innovativ Media Group | PairCorr |
| 0.5 | PD | Pagerduty Financial Report 6th of June 2024 | PairCorr |
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 the analysis of Descartes Systems Correlation against competitors. Note that the Descartes Systems information on this page should be used as a complementary analysis to other Descartes Systems' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Descartes Stock analysis
When running Descartes Systems' price analysis, check to measure Descartes Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Descartes Systems is operating at the current time. Most of Descartes Systems' value examination focuses on studying past and present price action to predict the probability of Descartes Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Descartes Systems' price. Additionally, you may evaluate how the addition of Descartes Systems to your portfolios can decrease your overall portfolio volatility.
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Is Descartes Systems' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Descartes Systems. If investors know Descartes will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Descartes Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.088 | Earnings Share 1.34 | Revenue Per Share 6.735 | Quarterly Revenue Growth 0.184 | Return On Assets 0.0737 |
The market value of Descartes Systems is measured differently than its book value, which is the value of Descartes that is recorded on the company's balance sheet. Investors also form their own opinion of Descartes Systems' value that differs from its market value or its book value, called intrinsic value, which is Descartes Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Descartes Systems' market value can be influenced by many factors that don't directly affect Descartes Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.