Cintas Selling General Administrative vs Cost Of Revenue 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 Selling General Administrative and its Cost Of Revenue 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.
Selling General Administrative vs Cost Of Revenue
Selling General Administrative vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cintas Selling General Administrative account and Cost Of Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between Cintas' Selling General Administrative and Cost Of Revenue is 1.0. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Cintas, assuming nothing else is changed. The correlation between historical values of Cintas' Selling General Administrative and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Cintas are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Selling General Administrative i.e., Cintas' Selling General Administrative and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Selling General Administrative
Cost Of Revenue
Cost of Revenue is found on Cintas income statement and represents the costs associated with goods and services Cintas provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.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 |
Cintas fundamental ratios Correlations
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Cintas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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
0.87 | BV | BrightView Holdings Earnings Call This Week | PairCorr |
Moving against Cintas Stock
0.82 | DLHC | DLH Holdings Corp Earnings Call This Week | PairCorr |
0.81 | VRSK | Verisk Analytics Financial Report 1st of May 2024 | PairCorr |
0.59 | FA | First Advantage Corp Financial Report 8th of May 2024 | PairCorr |
0.51 | FC | Franklin Covey Financial Report 26th of June 2024 | PairCorr |
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.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 Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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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.