Carriage Income Tax Expense vs Ebitda Analysis

CSV Stock

USD 26.89 0.27 1.01%

Carriage Services financial indicator trend analysis is way more than just evaluating Carriage Services prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carriage Services is a good investment. Please check the relationship between Carriage Services Income Tax Expense and its Ebitda accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carriage Services. 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.

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

Income Tax Expense vs Ebitda

Income Tax Expense vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Carriage Services Income Tax Expense account and Ebitda. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Carriage Services' Income Tax Expense and Ebitda is 0.53. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Ebitda in the same time period over historical financial statements of Carriage Services, assuming nothing else is changed. The correlation between historical values of Carriage Services' Income Tax Expense and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Carriage Services are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Income Tax Expense i.e., Carriage Services' Income Tax Expense and Ebitda go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Income Tax Expense

Ebitda

Most indicators from Carriage Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carriage Services 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 Carriage Services. 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.

For more information on how to buy Carriage Stock please use our How to Invest in Carriage Services guide.Selling General Administrative is likely to drop to about 21.2 M in 2024. Discontinued Operations is likely to drop to about 313.6 K in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	129.5M	119.2M	124.3M	68.0M
Total Revenue	375.9M	370.2M	382.5M	227.1M

Gross Profit Total Revenue

Carriage Services 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	Accounts Payable	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	Common Stock	Common Stock Total Equity	Other Liab
Total Assets		0.96	0.08	0.85	0.59	0.99	0.96	0.64	0.45	-0.2	1.0	0.37	-0.19	0.98	0.41	0.99	0.18	-0.11	-0.34	0.99	0.78	0.85	0.04	0.74	0.96	0.67
Short Long Term Debt Total	0.96		0.12	0.78	0.43	0.95	1.0	0.72	0.42	-0.18	0.96	0.35	-0.16	0.93	0.21	0.98	0.13	-0.17	-0.52	0.98	0.74	0.76	-0.1	0.57	0.88	0.79
Other Current Liab	0.08	0.12		0.14	0.29	0.19	0.12	0.24	-0.28	0.19	0.09	0.42	0.26	0.0	-0.24	0.03	-0.44	-0.55	0.02	0.04	0.02	-0.31	0.21	-0.2	-0.04	0.2
Total Current Liabilities	0.85	0.78	0.14		0.38	0.81	0.78	0.46	0.45	-0.02	0.84	0.46	0.01	0.88	0.59	0.84	0.14	-0.14	-0.22	0.86	0.62	0.8	0.27	0.74	0.82	0.55
Total Stockholder Equity	0.59	0.43	0.29	0.38		0.65	0.43	0.25	0.0	-0.28	0.59	0.37	-0.3	0.51	0.48	0.47	-0.07	-0.24	0.24	0.47	0.47	0.44	0.3	0.58	0.6	0.07
Property Plant And Equipment Net	0.99	0.95	0.19	0.81	0.65		0.95	0.63	0.39	-0.22	0.99	0.43	-0.19	0.94	0.37	0.97	0.11	-0.17	-0.28	0.97	0.74	0.78	0.08	0.71	0.93	0.65
Net Debt	0.96	1.0	0.12	0.78	0.43	0.95		0.72	0.42	-0.19	0.96	0.35	-0.17	0.93	0.21	0.98	0.13	-0.17	-0.51	0.98	0.74	0.76	-0.1	0.57	0.88	0.79
Retained Earnings	0.64	0.72	0.24	0.46	0.25	0.63	0.72		0.08	0.13	0.64	-0.06	-0.03	0.66	-0.09	0.66	-0.12	-0.2	-0.82	0.65	0.88	0.48	-0.15	0.2	0.56	0.68
Accounts Payable	0.45	0.42	-0.28	0.45	0.0	0.39	0.42	0.08		0.11	0.44	-0.1	0.14	0.5	0.35	0.49	0.84	0.21	-0.1	0.49	0.28	0.49	-0.44	0.55	0.54	0.2
Cash	-0.2	-0.18	0.19	-0.02	-0.28	-0.22	-0.19	0.13	0.11		-0.2	-0.39	0.94	-0.15	-0.14	-0.18	0.03	-0.09	-0.18	-0.17	0.12	-0.1	0.07	-0.14	-0.2	-0.01
Non Current Assets Total	1.0	0.96	0.09	0.84	0.59	0.99	0.96	0.64	0.44	-0.2		0.37	-0.19	0.98	0.4	0.99	0.18	-0.11	-0.34	0.99	0.78	0.85	0.04	0.74	0.96	0.67
Non Currrent Assets Other	0.37	0.35	0.42	0.46	0.37	0.43	0.35	-0.06	-0.1	-0.39	0.37		-0.26	0.27	0.3	0.33	-0.38	-0.42	0.21	0.34	-0.09	0.21	0.36	0.25	0.22	0.15
Cash And Short Term Investments	-0.19	-0.16	0.26	0.01	-0.3	-0.19	-0.17	-0.03	0.14	0.94	-0.19	-0.26		-0.16	-0.2	-0.16	0.04	-0.14	-0.05	-0.16	-0.06	-0.17	0.08	-0.18	-0.21	0.07
Net Receivables	0.98	0.93	0.0	0.88	0.51	0.94	0.93	0.66	0.5	-0.15	0.98	0.27	-0.16		0.44	0.97	0.24	-0.04	-0.4	0.98	0.81	0.88	0.02	0.75	0.95	0.68
Common Stock Shares Outstanding	0.41	0.21	-0.24	0.59	0.48	0.37	0.21	-0.09	0.35	-0.14	0.4	0.3	-0.2	0.44		0.35	0.28	0.13	0.36	0.37	0.31	0.67	0.38	0.85	0.54	-0.29
Non Current Liabilities Total	0.99	0.98	0.03	0.84	0.47	0.97	0.98	0.66	0.49	-0.18	0.99	0.33	-0.16	0.97	0.35		0.21	-0.07	-0.42	1.0	0.76	0.85	-0.02	0.71	0.94	0.72
Inventory	0.18	0.13	-0.44	0.14	-0.07	0.11	0.13	-0.12	0.84	0.03	0.18	-0.38	0.04	0.24	0.28	0.21		0.54	0.04	0.21	0.11	0.29	-0.46	0.43	0.32	-0.08
Other Current Assets	-0.11	-0.17	-0.55	-0.14	-0.24	-0.17	-0.17	-0.2	0.21	-0.09	-0.11	-0.42	-0.14	-0.04	0.13	-0.07	0.54		0.11	-0.08	-0.02	0.12	-0.15	0.23	0.03	-0.28
Other Stockholder Equity	-0.34	-0.52	0.02	-0.22	0.24	-0.28	-0.51	-0.82	-0.1	-0.18	-0.34	0.21	-0.05	-0.4	0.36	-0.42	0.04	0.11		-0.41	-0.57	-0.26	0.45	0.16	-0.23	-0.69
Total Liab	0.99	0.98	0.04	0.86	0.47	0.97	0.98	0.65	0.49	-0.17	0.99	0.34	-0.16	0.98	0.37	1.0	0.21	-0.08	-0.41		0.76	0.85	0.0	0.71	0.94	0.72
Property Plant And Equipment Gross	0.78	0.74	0.02	0.62	0.47	0.74	0.74	0.88	0.28	0.12	0.78	-0.09	-0.06	0.81	0.31	0.76	0.11	-0.02	-0.57	0.76		0.76	0.0	0.59	0.78	0.52
Total Current Assets	0.85	0.76	-0.31	0.8	0.44	0.78	0.76	0.48	0.49	-0.1	0.85	0.21	-0.17	0.88	0.67	0.85	0.29	0.12	-0.26	0.85	0.76		0.1	0.86	0.88	0.39
Short Term Debt	0.04	-0.1	0.21	0.27	0.3	0.08	-0.1	-0.15	-0.44	0.07	0.04	0.36	0.08	0.02	0.38	-0.02	-0.46	-0.15	0.45	0.0	0.0	0.1		0.27	0.0	-0.15
Common Stock	0.74	0.57	-0.2	0.74	0.58	0.71	0.57	0.2	0.55	-0.14	0.74	0.25	-0.18	0.75	0.85	0.71	0.43	0.23	0.16	0.71	0.59	0.86	0.27		0.84	0.06
Common Stock Total Equity	0.96	0.88	-0.04	0.82	0.6	0.93	0.88	0.56	0.54	-0.2	0.96	0.22	-0.21	0.95	0.54	0.94	0.32	0.03	-0.23	0.94	0.78	0.88	0.0	0.84		0.52
Other Liab	0.67	0.79	0.2	0.55	0.07	0.65	0.79	0.68	0.2	-0.01	0.67	0.15	0.07	0.68	-0.29	0.72	-0.08	-0.28	-0.69	0.72	0.52	0.39	-0.15	0.06	0.52

Click cells to compare fundamentals

Carriage Services Account Relationship Matchups

Carriage Services fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.1B	1.2B	1.2B	1.3B	818.9M
Short Long Term Debt Total	519.8M	478.3M	578.9M	612.7M	604.6M	312.0M
Other Current Liab	(22.5M)	3.7M	3.8M	(21.1M)	(25.7M)	(27.0M)
Total Current Liabilities	35.6M	48.4M	60.8M	45.5M	51.1M	36.1M
Total Stockholder Equity	226.6M	240.5M	128.0M	137.1M	173.1M	163.1M
Property Plant And Equipment Net	388.5M	391.4M	387.9M	399.3M	418.4M	253.8M
Net Debt	519.1M	477.4M	577.8M	611.6M	603.1M	308.7M
Retained Earnings	86.2M	102.3M	135.5M	176.8M	210.3M	220.8M
Accounts Payable	8.4M	11.3M	14.2M	11.7M	11.9M	9.1M
Cash	716K	889K	1.1M	1.2M	1.5M	2.4M
Non Current Assets Total	1.1B	1.1B	1.1B	1.2B	1.2B	780.8M
Non Currrent Assets Other	232.8M	258.7M	329.1M	202.2M	380K	361K
Cash And Short Term Investments	716K	889K	1.1M	1.2M	1.5M	1.4M
Net Receivables	21.5M	25.1M	25.3M	24.5M	27.9M	20.1M
Common Stock Shares Outstanding	18.0M	18.1M	18.3M	15.7M	15.5M	19.0M
Liabilities And Stockholders Equity	1.1B	1.1B	1.2B	1.2B	1.3B	818.9M
Non Current Liabilities Total	867.6M	857.0M	989.8M	1.0B	1.1B	610.7M
Inventory	7.0M	7.3M	7.3M	7.6M	8.3M	7.3M
Other Current Assets	112K	157K	125K	4.7M	3.9M	4.9M
Other Stockholder Equity	140.1M	137.9M	(7.7M)	(40.0M)	(37.5M)	(35.6M)
Total Liab	903.2M	905.3M	1.1B	1.1B	1.1B	646.8M
Property Plant And Equipment Gross	388.5M	391.4M	387.9M	399.3M	556.4M	584.2M
Total Current Assets	39.9M	35.3M	40.2M	38.0M	41.7M	38.1M
Short Term Debt	3.2M	6.0M	2.8M	3.2M	3.8M	5.7M
Common Stock	259K	260K	263K	264K	266K	279.3K
Common Stock Total Equity	259K	260K	263K	264K	303.6K	228.9K
Other Liab	351.0M	384.6M	413.7M	400.8M	460.9M	303.1M
Other Assets	361.0M	397.7M	429.8M	420.9M	484.1M	253.3M
Long Term Debt	184.6M	446.5M	552.4M	587.5M	579.2M	304.8M
Good Will	398.3M	393.0M	392.0M	410.1M	423.6M	267.3M
Intangible Assets	32.1M	29.5M	29.4M	32.9M	37.3M	35.4M
Property Plant Equipment	366.2M	370.2M	287.2M	382.3M	439.6M	233.0M
Current Deferred Revenue	46.6M	27.5M	40.0M	51.7M	61.0M	36.9M
Net Tangible Assets	(171.7M)	(152.5M)	(293.3M)	(273.0M)	(245.7M)	(233.4M)
Retained Earnings Total Equity	86.2M	102.3M	135.5M	176.8M	203.4M	213.5M
Long Term Debt Total	190.4M	452.0M	557.6M	592.3M	681.1M	715.2M

Pair Trading with Carriage Services

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 Carriage Services 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 Carriage Services will appreciate offsetting losses from the drop in the long position's value.

Moving together with Carriage Stock

0.66

Sweetgreen

Pair Corr

Moving against Carriage Stock

0.46	EVRI	Everi Holdings Buyout Trend	Pair Corr
0.46	BYD	Boyd Gaming	Pair Corr

The ability to find closely correlated positions to Carriage Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carriage Services 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 Carriage Services - 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 Carriage Services to buy it.

The correlation of Carriage Services 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 Carriage Services moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carriage Services 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 Carriage Services 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.

Pair Correlation Correlation Matching

When determining whether Carriage Services is a strong investment it is important to analyze Carriage Services' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Carriage Services' future performance. For an informed investment choice regarding Carriage Stock, refer to the following important reports:

How To Invest In Carriage

Details

Is Carriage Stock a good investment?

Details

What is Carriage Services' Net Worth?

Details

Largest Diversified Consumer Services Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carriage Services. 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.

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

You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running Carriage Services' price analysis, check to measure Carriage Services' 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 Carriage Services is operating at the current time. Most of Carriage Services' value examination focuses on studying past and present price action to predict the probability of Carriage Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carriage Services' price. Additionally, you may evaluate how the addition of Carriage Services to your portfolios can decrease your overall portfolio volatility.

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Is Carriage Services' 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 Carriage Services. If investors know Carriage 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 Carriage Services 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

(0.21)

Dividend Share

0.45

Earnings Share

2.02

Revenue Per Share

26.327

Quarterly Revenue Growth

0.084

The market value of Carriage Services is measured differently than its book value, which is the value of Carriage that is recorded on the company's balance sheet. Investors also form their own opinion of Carriage Services' value that differs from its market value or its book value, called intrinsic value, which is Carriage Services' 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 Carriage Services' market value can be influenced by many factors that don't directly affect Carriage Services' 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 Carriage Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Carriage Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carriage Services' 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.

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Carriage Income Tax Expense vs Ebitda Analysis

Income Tax Expense vs Ebitda

Income Tax Expense vs Ebitda Correlation Analysis

Correlation Coefficient

Income Tax Expense

Ebitda

Carriage Services fundamental ratios Correlations

Carriage Services Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Carriage Services fundamental ratios Accounts

Pair Trading with Carriage Services

Moving together with Carriage Stock

Moving against Carriage Stock

Complementary Tools for Carriage Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets

Other Stockholder Equity	- 0.82	Retained Earnings
Other Liab	- 0.69	Other Stockholder Equity
Property Plant And Equipment Gross	- 0.57	Other Stockholder Equity
Other Current Assets	- 0.55	Other Current Liab
Other Stockholder Equity	- 0.52	Short Long Term Debt Total
Other Stockholder Equity	- 0.51	Net Debt