Charles Long Term Investments vs Property Plant Equipment Analysis
CRL Stock | USD 221.61 3.14 1.40% |
Charles River financial indicator trend analysis is way more than just evaluating Charles River Labora prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Charles River Labora is a good investment. Please check the relationship between Charles River Long Term Investments and its Property Plant Equipment accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Charles River Laboratories. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Long Term Investments vs Property Plant Equipment
Long Term Investments vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Charles River Labora Long Term Investments account and Property Plant Equipment. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Charles River's Long Term Investments and Property Plant Equipment is 0.82. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Charles River Laboratories, assuming nothing else is changed. The correlation between historical values of Charles River's Long Term Investments and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Charles River Laboratories are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Long Term Investments i.e., Charles River's Long Term Investments and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Long Term Investments
Long Term Investments is an item on the asset side of Charles River balance sheet that represents investments Charles River Labora intends to hold for over a year. Charles River Laboratories long term investments may include different instruments such as stocks, bonds, real estate and cash.Property Plant Equipment
Most indicators from Charles River's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Charles River Labora 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 Charles River Laboratories. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Charles River's Selling General Administrative is quite stable compared to the past year. Discontinued Operations is expected to rise to about 1.8 M this year, although Enterprise Value Over EBITDA will most likely fall to 11.38.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.3B | 1.5B | 1.5B | 1.6B | Total Revenue | 3.5B | 4.0B | 4.1B | 4.3B |
Charles River fundamental ratios Correlations
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Charles River Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Charles River fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.7B | 5.5B | 7.0B | 7.6B | 8.2B | 8.6B | |
Short Long Term Debt Total | 2.0B | 2.1B | 2.9B | 3.1B | 3.1B | 3.2B | |
Other Current Liab | 388.3M | 459.1M | 612.6M | 571.2M | 203.2M | 201.5M | |
Total Current Liabilities | 710.2M | 839.8M | 1.0B | 1.1B | 1.1B | 1.1B | |
Total Stockholder Equity | 1.6B | 2.1B | 2.5B | 3.0B | 3.6B | 3.8B | |
Property Plant And Equipment Net | 1.2B | 1.3B | 1.6B | 1.9B | 2.0B | 2.1B | |
Current Deferred Revenue | 171.8M | 207.9M | 219.7M | 264.3M | 241.8M | 253.9M | |
Net Debt | 1.8B | 1.9B | 2.7B | 2.9B | 2.8B | 2.9B | |
Retained Earnings | 280.3M | 625.4M | 980.8M | 1.4B | 1.9B | 2.0B | |
Accounts Payable | 111.5M | 122.5M | 198.1M | 205.9M | 168.9M | 177.4M | |
Cash | 238.0M | 228.4M | 241.2M | 233.9M | 276.8M | 172.3M | |
Non Current Assets Total | 3.7B | 4.3B | 5.8B | 6.2B | 6.6B | 6.9B | |
Non Currrent Assets Other | 89.6M | 130.8M | 151.5M | 148.3M | 309.4M | 324.9M | |
Cash And Short Term Investments | 238.0M | 228.4M | 241.2M | 233.9M | 276.8M | 173.9M | |
Net Receivables | 514.0M | 617.7M | 642.9M | 752.4M | 780.4M | 819.4M | |
Common Stock Total Equity | 489K | 498K | 505K | 509K | 585.4K | 681.5K | |
Common Stock Shares Outstanding | 49.7M | 50.6M | 51.4M | 51.3M | 51.5M | 55.4M | |
Liabilities And Stockholders Equity | 4.7B | 5.5B | 7.0B | 7.6B | 8.2B | 8.6B | |
Non Current Liabilities Total | 2.3B | 2.5B | 3.4B | 3.5B | 3.5B | 3.7B | |
Inventory | 160.7M | 185.7M | 199.1M | 255.8M | 380.3M | 399.3M | |
Other Current Assets | 56.0M | 72.6M | 97.3M | 107.6M | 83.4M | 58.7M | |
Other Stockholder Equity | 1.5B | 1.6B | 1.7B | 1.8B | 1.9B | 1.3B | |
Total Liab | 3.0B | 3.3B | 4.4B | 4.6B | 4.5B | 4.8B | |
Property Plant And Equipment Gross | 1.2B | 1.1B | 1.6B | 1.9B | 3.4B | 3.5B | |
Total Current Assets | 1.0B | 1.2B | 1.3B | 1.4B | 1.6B | 1.7B | |
Accumulated Other Comprehensive Income | (178.0M) | (138.9M) | (164.7M) | (262.1M) | (196.4M) | (186.6M) | |
Short Term Debt | 38.5M | 50.2M | 2.8M | 50.2M | 441.1M | 463.2M | |
Common Stock | 489K | 498K | 505K | 509K | 513K | 670.0K | |
Intangible Assets | 689.4M | 787.6M | 1.1B | 955.3M | 864.1M | 480.2M | |
Other Liab | 350.2M | 422.2M | 482.6M | 390.4M | 449.0M | 471.4M | |
Other Assets | 134.3M | 1.5B | (47.2M) | 1K | 1.2K | 1.1K | |
Long Term Debt | 1.8B | 1.9B | 2.6B | 2.7B | 2.6B | 2.8B | |
Good Will | 1.5B | 1.8B | 2.7B | 2.8B | 3.1B | 3.2B | |
Property Plant Equipment | 1.0B | 1.1B | 1.6B | 1.9B | 2.1B | 2.2B | |
Short Term Investments | 941K | 1.0M | 1.1M | 998K | 898.2K | 853.3K | |
Net Tangible Assets | (566.7M) | (456.7M) | (1.2B) | (786.5M) | (707.8M) | (672.4M) | |
Noncontrolling Interest In Consolidated Entity | 3.2M | 3.6M | 4.2M | 4.8M | 5.5M | 3.4M | |
Retained Earnings Total Equity | 280.3M | 625.4M | 980.8M | 1.4B | 1.6B | 1.7B |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Charles River Laboratories. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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Is Charles River'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 Charles River. If investors know Charles 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 Charles River 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 (0.35) | Earnings Share 8.51 | Revenue Per Share 80.129 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0495 |
The market value of Charles River Labora is measured differently than its book value, which is the value of Charles that is recorded on the company's balance sheet. Investors also form their own opinion of Charles River's value that differs from its market value or its book value, called intrinsic value, which is Charles River'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 Charles River's market value can be influenced by many factors that don't directly affect Charles River'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 Charles River's value and its price as these two are different measures arrived at by different means. Investors typically determine if Charles River is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Charles River'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.