Cintas Income Before Tax vs Net Income Analysis

CTAS Stock

USD 666.23 0.98 0.15%

Cintas financial indicator trend analysis is way more than just evaluating Cintas prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cintas is a good investment. Please check the relationship between Cintas Income Before Tax and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cintas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

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

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cintas Income Before Tax account and Net Income. At this time, the significance of the direction appears to have totally related.

The correlation between Cintas' Income Before Tax and Net Income is 0.99. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Cintas, assuming nothing else is changed. The correlation between historical values of Cintas' Income Before Tax 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 Income Before Tax of Cintas 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 Income Before Tax i.e., Cintas' Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Cintas income statement and is an important metric when analyzing Cintas profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Cintas financial statement analysis. It represents the amount of money remaining after all of Cintas operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Cintas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cintas 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 Cintas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Cintas Stock please use our How to Invest in Cintas guide.Selling General Administrative is likely to gain to about 2.9 B in 2024, despite the fact that Discontinued Operations is likely to grow to (276.2 K).

	2021	2022	2023	2024 (projected)
Gross Profit	3.6B	4.2B	4.8B	5.0B
Total Revenue	7.9B	8.8B	10.1B	10.6B

Gross Profit Total Revenue

Cintas 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	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	Accounts Payable	Common Stock Total Equity	Short Term Investments	Common Stock
Total Assets		0.95	0.77	0.88	0.98	0.99	0.93	0.96	-0.17	0.99	0.3	-0.17	0.94	-0.63	0.96	0.95	0.03	-0.91	0.99	0.99	0.97	0.04	0.97	0.88	0.71	0.88
Short Long Term Debt Total	0.95		0.58	0.84	0.87	0.94	0.99	0.86	-0.26	0.98	0.09	-0.26	0.86	-0.65	0.98	0.87	-0.09	-0.84	0.99	0.94	0.87	0.1	0.89	0.76	0.65	0.76
Other Current Liab	0.77	0.58		0.64	0.86	0.76	0.57	0.83	-0.1	0.73	0.62	-0.1	0.78	-0.47	0.65	0.79	0.24	-0.73	0.68	0.76	0.81	-0.14	0.84	0.8	0.66	0.8
Total Current Liabilities	0.88	0.84	0.64		0.85	0.84	0.8	0.85	0.02	0.86	0.26	0.03	0.81	-0.58	0.76	0.83	-0.04	-0.85	0.87	0.84	0.88	0.02	0.81	0.79	0.72	0.79
Total Stockholder Equity	0.98	0.87	0.86	0.85		0.97	0.84	0.97	-0.07	0.95	0.41	-0.07	0.95	-0.55	0.9	0.95	0.12	-0.89	0.93	0.97	0.99	0.02	0.97	0.89	0.69	0.89
Property Plant And Equipment Net	0.99	0.94	0.76	0.84	0.97		0.92	0.95	-0.17	0.98	0.23	-0.16	0.94	-0.59	0.96	0.93	0.02	-0.88	0.97	1.0	0.95	0.05	0.95	0.83	0.67	0.83
Net Debt	0.93	0.99	0.57	0.8	0.84	0.92		0.85	-0.4	0.96	0.12	-0.4	0.84	-0.7	0.98	0.85	-0.16	-0.84	0.97	0.92	0.83	0.08	0.88	0.77	0.68	0.77
Retained Earnings	0.96	0.86	0.83	0.85	0.97	0.95	0.85		-0.22	0.94	0.49	-0.21	0.93	-0.68	0.9	0.98	0.03	-0.96	0.93	0.95	0.98	-0.07	0.98	0.96	0.77	0.96
Cash	-0.17	-0.26	-0.1	0.02	-0.07	-0.17	-0.4	-0.22		-0.23	-0.24	0.99	-0.19	0.55	-0.32	-0.19	0.48	0.29	-0.24	-0.17	-0.03	0.12	-0.24	-0.32	-0.37	-0.32
Non Current Assets Total	0.99	0.98	0.73	0.86	0.95	0.98	0.96	0.94	-0.23		0.25	-0.24	0.92	-0.65	0.98	0.93	-0.02	-0.89	0.99	0.98	0.94	0.07	0.96	0.85	0.71	0.85
Non Currrent Assets Other	0.3	0.09	0.62	0.26	0.41	0.23	0.12	0.49	-0.24	0.25		-0.25	0.38	-0.38	0.18	0.43	0.07	-0.48	0.21	0.23	0.4	-0.42	0.46	0.68	0.63	0.68
Cash And Short Term Investments	-0.17	-0.26	-0.1	0.03	-0.07	-0.16	-0.4	-0.21	0.99	-0.24	-0.25		-0.19	0.55	-0.33	-0.18	0.46	0.29	-0.24	-0.16	-0.02	0.11	-0.25	-0.32	-0.39	-0.32
Net Receivables	0.94	0.86	0.78	0.81	0.95	0.94	0.84	0.93	-0.19	0.92	0.38	-0.19		-0.5	0.87	0.86	-0.05	-0.85	0.9	0.94	0.93	-0.05	0.92	0.86	0.65	0.86
Common Stock Shares Outstanding	-0.63	-0.65	-0.47	-0.58	-0.55	-0.59	-0.7	-0.68	0.55	-0.65	-0.38	0.55	-0.5		-0.67	-0.71	0.29	0.75	-0.68	-0.59	-0.57	-0.01	-0.68	-0.72	-0.69	-0.72
Non Current Liabilities Total	0.96	0.98	0.65	0.76	0.9	0.96	0.98	0.9	-0.32	0.98	0.18	-0.33	0.87	-0.67		0.9	-0.04	-0.85	0.98	0.96	0.88	0.06	0.93	0.8	0.66	0.8
Inventory	0.95	0.87	0.79	0.83	0.95	0.93	0.85	0.98	-0.19	0.93	0.43	-0.18	0.86	-0.71	0.9		0.12	-0.94	0.93	0.93	0.96	-0.04	0.97	0.93	0.75	0.93
Other Current Assets	0.03	-0.09	0.24	-0.04	0.12	0.02	-0.16	0.03	0.48	-0.02	0.07	0.46	-0.05	0.29	-0.04	0.12		0.05	-0.04	0.02	0.13	-0.36	0.09	-0.01	-0.1	-0.01
Other Stockholder Equity	-0.91	-0.84	-0.73	-0.85	-0.89	-0.88	-0.84	-0.96	0.29	-0.89	-0.48	0.29	-0.85	0.75	-0.85	-0.94	0.05		-0.9	-0.88	-0.91	0.07	-0.92	-0.94	-0.84	-0.94
Total Liab	0.99	0.99	0.68	0.87	0.93	0.97	0.97	0.93	-0.24	0.99	0.21	-0.24	0.9	-0.68	0.98	0.93	-0.04	-0.9		0.97	0.93	0.05	0.94	0.84	0.71	0.84
Property Plant And Equipment Gross	0.99	0.94	0.76	0.84	0.97	1.0	0.92	0.95	-0.17	0.98	0.23	-0.16	0.94	-0.59	0.96	0.93	0.02	-0.88	0.97		0.95	0.05	0.95	0.83	0.67	0.83
Total Current Assets	0.97	0.87	0.81	0.88	0.99	0.95	0.83	0.98	-0.03	0.94	0.4	-0.02	0.93	-0.57	0.88	0.96	0.13	-0.91	0.93	0.95		-0.03	0.96	0.9	0.69	0.9
Short Term Debt	0.04	0.1	-0.14	0.02	0.02	0.05	0.08	-0.07	0.12	0.07	-0.42	0.11	-0.05	-0.01	0.06	-0.04	-0.36	0.07	0.05	0.05	-0.03		-0.04	-0.16	-0.29	-0.16
Accounts Payable	0.97	0.89	0.84	0.81	0.97	0.95	0.88	0.98	-0.24	0.96	0.46	-0.25	0.92	-0.68	0.93	0.97	0.09	-0.92	0.94	0.95	0.96	-0.04		0.93	0.74	0.93
Common Stock Total Equity	0.88	0.76	0.8	0.79	0.89	0.83	0.77	0.96	-0.32	0.85	0.68	-0.32	0.86	-0.72	0.8	0.93	-0.01	-0.94	0.84	0.83	0.9	-0.16	0.93		0.82	1.0
Short Term Investments	0.71	0.65	0.66	0.72	0.69	0.67	0.68	0.77	-0.37	0.71	0.63	-0.39	0.65	-0.69	0.66	0.75	-0.1	-0.84	0.71	0.67	0.69	-0.29	0.74	0.82		0.82
Common Stock	0.88	0.76	0.8	0.79	0.89	0.83	0.77	0.96	-0.32	0.85	0.68	-0.32	0.86	-0.72	0.8	0.93	-0.01	-0.94	0.84	0.83	0.9	-0.16	0.93	1.0	0.82

Click cells to compare fundamentals

Cintas Account Relationship Matchups

Cintas fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.7B	8.2B	8.1B	8.5B	9.8B	10.3B
Short Long Term Debt Total	2.7B	2.7B	3.0B	2.7B	3.1B	3.2B
Other Current Liab	611.2M	760.4M	352.2M	884.1M	1.0B	1.1B
Total Current Liabilities	885.2M	1.9B	1.4B	1.2B	1.4B	1.5B
Total Stockholder Equity	3.2B	3.7B	3.3B	3.9B	4.4B	4.7B
Property Plant And Equipment Net	1.6B	1.5B	1.5B	1.6B	1.8B	1.9B
Net Debt	2.6B	2.2B	2.9B	2.5B	2.9B	3.1B
Retained Earnings	7.3B	7.9B	8.7B	9.6B	11.0B	11.6B
Cash	145.4M	493.6M	90.5M	124.1M	142.8M	135.5M
Non Current Assets Total	5.4B	5.4B	5.5B	5.6B	6.4B	6.8B
Non Currrent Assets Other	(127.8M)	(76.2M)	(129.7M)	100.5M	90.4M	94.9M
Cash And Short Term Investments	145.4M	493.6M	90.5M	124.1M	142.8M	181.6M
Net Receivables	870.4M	924.0M	1.0B	1.2B	1.3B	1.4B
Common Stock Shares Outstanding	107.0M	107.7M	105.5M	103.4M	93.0M	110.4M
Liabilities And Stockholders Equity	7.7B	8.2B	8.1B	8.5B	9.8B	10.3B
Non Current Liabilities Total	3.5B	2.6B	3.4B	3.5B	4.0B	4.2B
Inventory	1.2B	1.3B	1.4B	1.5B	1.7B	1.8B
Other Current Assets	114.6M	133.8M	124.7M	142.8M	164.2M	183.4M
Other Stockholder Equity	(5.0B)	(5.6B)	(7.3B)	(7.8B)	(7.1B)	(6.7B)
Total Liab	4.4B	4.5B	4.8B	4.7B	5.4B	5.7B
Property Plant And Equipment Gross	1.6B	1.5B	1.5B	1.6B	1.8B	1.9B
Total Current Assets	2.3B	2.8B	2.6B	2.9B	3.4B	3.5B
Accumulated Other Comprehensive Income	(153.4M)	30.9M	107.9M	77.8M	89.4M	93.9M
Short Term Debt	43.0M	942.9M	355.4M	43.7M	50.3M	47.8M
Accounts Payable	231.0M	230.8M	251.5M	302.3M	347.6M	365.0M
Common Stock Total Equity	1.1B	1.4B	1.8B	2.0B	2.3B	2.5B
Common Stock	1.1B	1.4B	1.8B	2.0B	2.3B	2.5B
Other Assets	409.1M	450.9M	560.3M	344.1M	395.7M	226.6M
Long Term Debt	2.5B	1.6B	2.5B	2.5B	2.9B	3.0B
Property Plant Equipment	1.4B	1.4B	1.5B	1.4B	1.6B	1.1B
Good Will	2.9B	2.9B	3.0B	3.1B	3.5B	1.9B
Intangible Assets	451.5M	408.4M	391.6M	346.6M	311.9M	274.0M
Treasury Stock	(4.7B)	(5.2B)	(5.7B)	(7.3B)	(6.6B)	(6.2B)
Other Liab	732.3M	721.4M	779.7M	793.2M	912.2M	957.8M
Net Tangible Assets	(86.3M)	279.4M	(126.4M)	461.2M	415.1M	435.8M
Retained Earnings Total Equity	7.3B	7.9B	8.7B	9.6B	11.0B	5.9B
Long Term Debt Total	2.5B	1.6B	2.5B	2.5B	2.9B	2.1B
Capital Surpluse	245.2M	227.9M	171.5M	98.9M	113.7M	177.7M

Cintas Investors Sentiment

The influence of Cintas' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cintas. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Cintas' public news can be used to forecast risks associated with an investment in Cintas. The trend in average sentiment can be used to explain how an investor holding Cintas can time the market purely based on public headlines and social activities around Cintas. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Cintas' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cintas' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cintas' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cintas.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cintas in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cintas' short interest history, or implied volatility extrapolated from Cintas options trading.

Pair Trading with Cintas

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

Moving together with Cintas Stock

0.86

BrightView Holdings Earnings Call This Week

Pair Corr

Moving against Cintas Stock

0.82	DLHC	DLH Holdings Corp Earnings Call This Week	Pair Corr
0.81	VRSK	Verisk Analytics Financial Report 1st of May 2024	Pair Corr
0.61	FA	First Advantage Corp Financial Report 8th of May 2024	Pair Corr
0.54	FC	Franklin Covey Financial Report 26th of June 2024	Pair Corr

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

The correlation of Cintas 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 Cintas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cintas 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 Cintas 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 Cintas is a strong investment it is important to analyze Cintas' 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 Cintas' future performance. For an informed investment choice regarding Cintas Stock, refer to the following important reports:

How To Invest In Cintas

Details

Is Cintas Stock a good investment?

Details

What is Cintas' Net Worth?

Details

Largest Commercial Services & Supplies Companies

View

Largest Commercial & Professional Services Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cintas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

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

Note that the Cintas information on this page should be used as a complementary analysis to other Cintas' 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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Cintas Stock analysis

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

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Is Cintas' 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 Cintas. If investors know Cintas 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 Cintas 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

0.223

Dividend Share

5.2

Earnings Share

14.5

Revenue Per Share

92.516

Quarterly Revenue Growth

0.099

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

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Net Income

Cintas fundamental ratios Correlations

Cintas Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cintas fundamental ratios Accounts

Cintas Investors Sentiment

Pair Trading with Cintas

Moving together with Cintas Stock

Moving against Cintas Stock

Complementary Tools for Cintas Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Property Plant And Equipment Gross	+ 0.99	Total Assets

Other Stockholder Equity	- 0.96	Retained Earnings
Common Stock	- 0.94	Other Stockholder Equity
Common Stock Total Equity	- 0.94	Other Stockholder Equity
Other Stockholder Equity	- 0.94	Inventory
Accounts Payable	- 0.92	Other Stockholder Equity
Total Current Assets	- 0.91	Other Stockholder Equity