BEST Total Revenue vs Net Income Analysis
BEST Stock | USD 2.05 0.00 0.00% |
BEST financial indicator trend analysis is way more than just evaluating BEST Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BEST Inc is a good investment. Please check the relationship between BEST Total Revenue and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BEST Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Total Revenue vs Net Income
Total Revenue vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BEST Inc Total Revenue account and Net Income. At this time, the significance of the direction appears to have no relationship.
The correlation between BEST's Total Revenue and Net Income is 0.03. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of BEST Inc, assuming nothing else is changed. The correlation between historical values of BEST's Total 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 Total Revenue of BEST Inc 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 Total Revenue i.e., BEST's Total Revenue and Net Income go up and down completely randomly.
Correlation Coefficient | 0.03 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Revenue
Total revenue comprises all receipts BEST Inc 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in BEST Inc financial statement analysis. It represents the amount of money remaining after all of BEST Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from BEST's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BEST Inc 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in BEST Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. Selling General Administrative is likely to gain to about 876.1 M in 2024, despite the fact that Discontinued Operations is likely to grow to (42 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 142.8M | 89.1M | 64.3M | 78.3M | Depreciation And Amortization | 300.6M | 112.0M | 189.2M | 256.6M |
BEST fundamental ratios Correlations
Click cells to compare fundamentals
BEST Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BEST fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 19.5M | 19.4M | 26.5M | 4.9M | 26.2M | 21.0M | |
Total Assets | 19.5B | 19.8B | 11.3B | 7.8B | 6.3B | 11.8B | |
Short Long Term Debt Total | 8.5B | 9.6B | 5.9B | 4.1B | 3.3B | 4.3B | |
Other Current Liab | 2.0B | 2.7B | 1.6B | 1.2B | 914.5M | 1.8B | |
Total Current Liabilities | 10.6B | 12.6B | 5.8B | 4.8B | 4.9B | 7.3B | |
Total Stockholder Equity | 3.9B | 1.8B | 2.1B | 697.0M | (98.2M) | (103.1M) | |
Other Liab | 163.0M | 175.6M | 24.3M | 18.8M | 21.6M | 20.5M | |
Net Tangible Assets | 3.3B | 1.4B | 2.0B | 567.3M | 652.4M | 685.0M | |
Property Plant And Equipment Net | 7.3B | 7.9B | 2.7B | 2.5B | 1.9B | 3.3B | |
Current Deferred Revenue | 1.5B | 1.5B | 298.4M | 277.7M | 469.1M | 655.7M | |
Net Debt | 6.5B | 8.2B | 2.3B | 3.5B | 2.9B | 2.6B | |
Retained Earnings | (15.6B) | (17.7B) | (17.5B) | (18.9B) | (19.7B) | (20.7B) | |
Accounts Payable | 3.4B | 4.1B | 1.3B | 1.4B | 1.6B | 2.4B | |
Cash | 2.0B | 1.4B | 3.6B | 533.5M | 426.0M | 404.7M | |
Non Current Assets Total | 9.8B | 10.5B | 4.5B | 4.5B | 3.2B | 5.2B | |
Non Currrent Assets Other | 437.8M | 1.3B | 1.2B | 1.7B | 859.3M | 740.9M | |
Other Assets | 1.6B | 2.0B | 1.5B | 1.7B | 2.0B | 1.4B | |
Long Term Debt | 1.4B | 2.3B | 1.8B | 929.3M | 584.7M | 856.1M | |
Cash And Short Term Investments | 3.1B | 1.7B | 3.7B | 1.3B | 461.9M | 438.8M | |
Net Receivables | 2.1B | 1.7B | 1.2B | 810.8M | 938.1M | 1.3B | |
Good Will | 469.1M | 491.0M | 295.8M | 54.1M | 48.7M | 46.3M | |
Short Term Investments | 1.1B | 268.6M | 147.4M | 725.0M | 35.9M | 34.1M | |
Liabilities And Stockholders Equity | 19.5B | 19.8B | 11.3B | 7.8B | 6.3B | 11.8B | |
Non Current Liabilities Total | 5.0B | 5.5B | 3.3B | 2.2B | 1.5B | 1.4B | |
Capital Lease Obligations | 4.5B | 4.1B | 2.0B | 1.8B | 1.4B | 1.7B | |
Inventory | 140.0M | 44.1M | 25.6M | 16.5M | 7.8M | 7.4M | |
Other Current Assets | 2.6B | 3.3B | 1.2B | 795.4M | 674.1M | 640.4M | |
Other Stockholder Equity | 19.4B | 19.3B | 19.4B | 19.5B | 19.5B | 16.6B | |
Total Liab | 15.6B | 18.1B | 9.1B | 7.0B | 6.3B | 9.0B | |
Long Term Investments | 230.9M | 221.4M | 219.2M | 156.9M | 180.4M | 154.3M | |
Property Plant And Equipment Gross | 7.3B | 7.9B | 2.7B | 2.5B | 2.9B | 3.5B | |
Short Long Term Debt | 2.6B | 3.2B | 2.1B | 1.3B | 1.3B | 1.7B | |
Total Current Assets | 9.7B | 9.3B | 6.8B | 3.3B | 3.1B | 2.9B | |
Accumulated Other Comprehensive Income | 163.2M | 159.7M | 107.5M | 124.5M | 119.2M | 119.0M | |
Non Current Liabilities Other | 137.2M | 175.6M | 24.3M | 18.8M | 22.8M | 21.7M | |
Short Term Debt | 3.7B | 4.2B | 2.6B | 1.9B | 1.8B | 2.2B | |
Intangible Assets | 121.6M | 12.2M | 55.7M | 75.6M | 93.2M | 83.0M |
Pair Trading with BEST
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 BEST 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 BEST will appreciate offsetting losses from the drop in the long position's value.Moving against BEST Stock
0.51 | VLRS | Volaris | PairCorr |
0.49 | UAL | United Airlines Holdings Earnings Call Tomorrow | PairCorr |
0.47 | ULH | Universal Logistics | PairCorr |
0.44 | DAL | Delta Air Lines Financial Report 11th of July 2024 | PairCorr |
The ability to find closely correlated positions to BEST could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BEST 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 BEST - 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 BEST Inc to buy it.
The correlation of BEST 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 BEST moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BEST Inc 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 BEST 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in BEST Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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When running BEST's price analysis, check to measure BEST's 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 BEST is operating at the current time. Most of BEST's value examination focuses on studying past and present price action to predict the probability of BEST's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BEST's price. Additionally, you may evaluate how the addition of BEST to your portfolios can decrease your overall portfolio volatility.
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Is BEST's 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 BEST. If investors know BEST 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 BEST listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.04) | Revenue Per Share 436.036 | Quarterly Revenue Growth 0.129 | Return On Assets (0.08) | Return On Equity (2.48) |
The market value of BEST Inc is measured differently than its book value, which is the value of BEST that is recorded on the company's balance sheet. Investors also form their own opinion of BEST's value that differs from its market value or its book value, called intrinsic value, which is BEST's 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 BEST's market value can be influenced by many factors that don't directly affect BEST's 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 BEST's value and its price as these two are different measures arrived at by different means. Investors typically determine if BEST is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BEST's 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.