Carpenter Total Revenue vs Operating Income Analysis
CRS Stock | USD 106.11 2.56 2.47% |
Carpenter Technology financial indicator trend analysis is way more than just evaluating Carpenter Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carpenter Technology is a good investment. Please check the relationship between Carpenter Technology Total Revenue and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carpenter Technology. 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. For more information on how to buy Carpenter Stock please use our How to Invest in Carpenter Technology guide.
Total Revenue vs Operating Income
Total Revenue vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Carpenter Technology Total Revenue account and Operating Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Carpenter Technology's Total Revenue and Operating Income is 0.56. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Operating Income in the same time period over historical financial statements of Carpenter Technology, assuming nothing else is changed. The correlation between historical values of Carpenter Technology's Total Revenue and Operating 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 Carpenter Technology are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Revenue i.e., Carpenter Technology's Total Revenue and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Revenue
Total revenue comprises all receipts Carpenter Technology 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.Operating Income
Operating Income is the amount of profit realized from Carpenter Technology operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Carpenter Technology is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Carpenter Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carpenter Technology 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 Carpenter Technology. 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. For more information on how to buy Carpenter Stock please use our How to Invest in Carpenter Technology guide.At this time, Carpenter Technology's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.13 in 2024, whereas Selling General Administrative is likely to drop slightly above 153.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 149.8M | 337.3M | 387.9M | 293.4M | Total Revenue | 1.8B | 2.6B | 2.9B | 1.5B |
Carpenter Technology fundamental ratios Correlations
Click cells to compare fundamentals
Carpenter Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Carpenter Technology fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.2B | 3.0B | 2.9B | 3.1B | 3.5B | 2.0B | |
Short Long Term Debt Total | 721.8M | 694.5M | 701.7M | 693M | 797.0M | 446.1M | |
Other Current Liab | 145.6M | 146.3M | 109.2M | 158.2M | 181.9M | 95.2M | |
Total Current Liabilities | 452.1M | 306.3M | 375.6M | 459.4M | 528.3M | 297.6M | |
Total Stockholder Equity | 1.4B | 1.4B | 1.3B | 1.4B | 1.6B | 851.3M | |
Property Plant And Equipment Net | 1.4B | 1.5B | 1.4B | 1.4B | 1.6B | 862.8M | |
Net Debt | 528.7M | 407.1M | 547.5M | 648.5M | 745.8M | 783.1M | |
Retained Earnings | 1.6B | 1.3B | 1.2B | 1.2B | 1.4B | 772.7M | |
Cash | 193.1M | 287.4M | 154.2M | 44.5M | 51.2M | 48.6M | |
Non Current Assets Total | 2.0B | 1.9B | 1.8B | 1.8B | 2.0B | 1.2B | |
Non Currrent Assets Other | 255.9M | 90.6M | 104.7M | 111.5M | 128.2M | 162.8M | |
Cash And Short Term Investments | 193.1M | 287.4M | 154.2M | 44.5M | 51.2M | 48.6M | |
Net Receivables | 292.3M | 308.7M | 382.3M | 531.3M | 611.0M | 641.5M | |
Liabilities And Stockholders Equity | 3.2B | 3.0B | 2.9B | 3.1B | 3.5B | 2.0B | |
Non Current Liabilities Total | 1.3B | 1.3B | 1.2B | 1.2B | 1.4B | 820.1M | |
Inventory | 724.3M | 425.7M | 496.1M | 639.7M | 735.7M | 772.4M | |
Other Current Assets | 56.6M | 95.6M | 86.8M | 66.4M | 76.4M | 80.2M | |
Other Stockholder Equity | (4.4M) | 5.2M | 12.9M | 30.4M | 27.4M | 26.0M | |
Total Liab | 1.8B | 1.6B | 1.6B | 1.7B | 1.9B | 1.1B | |
Property Plant And Equipment Gross | 1.4B | 1.5B | 3.2B | 3.3B | 3.8B | 4.0B | |
Total Current Assets | 1.3B | 1.1B | 1.1B | 1.3B | 1.5B | 783.6M | |
Accumulated Other Comprehensive Income | (398M) | (192.3M) | (173.5M) | (143M) | (128.7M) | (135.1M) | |
Short Term Debt | 170M | 9M | 9.9M | 9.1M | 10.5M | 9.9M | |
Accounts Payable | 238.7M | 124.2M | 142.4M | 242.1M | 319.8M | 335.8M | |
Common Stock | 278.6M | 279M | 280.1M | 280.7M | 322.8M | 190.0M | |
Intangible Assets | 52.1M | 43.1M | 35.2M | 28.7M | 25.8M | 24.5M | |
Common Stock Total Equity | 278.6M | 279M | 280.1M | 280.7M | 322.8M | 243.1M | |
Other Liab | 727.3M | 578.1M | 534.4M | 461.8M | 531.1M | 468.6M | |
Other Assets | 65.5M | 111.8M | 115.5M | 118.1M | 106.3M | 133.4M | |
Long Term Debt | 551.8M | 694.5M | 691.8M | 693M | 797.0M | 501.7M | |
Good Will | 268.7M | 326.4M | 290.4M | 241.4M | 277.6M | 179.4M | |
Treasury Stock | (332.8M) | (325.8M) | (317.4M) | (307.4M) | (276.7M) | (290.5M) | |
Property Plant Equipment | 1.4B | 1.5B | 1.4B | 1.4B | 1.6B | 1.1B | |
Net Tangible Assets | 956.2M | 1.1B | 1.1B | 1.4B | 1.6B | 1.1B | |
Retained Earnings Total Equity | 1.6B | 1.3B | 1.2B | 1.2B | 1.4B | 1.4B | |
Long Term Debt Total | 551.8M | 694.5M | 691.8M | 693M | 797.0M | 627.7M |
Pair Trading with Carpenter Technology
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 Carpenter Technology 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 Carpenter Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Carpenter Stock
0.69 | TG | Tredegar | PairCorr |
0.86 | ATI | Allegheny Technologies | PairCorr |
Moving against Carpenter Stock
0.85 | AP | Ampco Pittsburgh | PairCorr |
0.8 | RYI | Ryerson Holding Corp | PairCorr |
0.78 | PRLB | Proto Labs | PairCorr |
0.73 | AZ | A2Z Smart Technologies | PairCorr |
0.65 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
The ability to find closely correlated positions to Carpenter Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carpenter Technology 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 Carpenter Technology - 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 Carpenter Technology to buy it.
The correlation of Carpenter Technology 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 Carpenter Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carpenter Technology 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 Carpenter Technology 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 Carpenter Technology. 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. For more information on how to buy Carpenter Stock please use our How to Invest in Carpenter Technology guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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When running Carpenter Technology's price analysis, check to measure Carpenter Technology'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 Carpenter Technology is operating at the current time. Most of Carpenter Technology's value examination focuses on studying past and present price action to predict the probability of Carpenter Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carpenter Technology's price. Additionally, you may evaluate how the addition of Carpenter Technology to your portfolios can decrease your overall portfolio volatility.
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Is Carpenter Technology'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 Carpenter Technology. If investors know Carpenter 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 Carpenter Technology 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 (0.68) | Dividend Share 0.8 | Earnings Share 2.63 | Revenue Per Share 55.047 | Quarterly Revenue Growth (0.01) |
The market value of Carpenter Technology is measured differently than its book value, which is the value of Carpenter that is recorded on the company's balance sheet. Investors also form their own opinion of Carpenter Technology's value that differs from its market value or its book value, called intrinsic value, which is Carpenter Technology'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 Carpenter Technology's market value can be influenced by many factors that don't directly affect Carpenter Technology'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 Carpenter Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carpenter Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carpenter Technology'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.