Cintas Income Statement Research
| CTAS Stock | USD 662.44 6.07 0.91% |
Cintas |
Most accounts from Cintas' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cintas current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Cintas Valuation and Cintas Correlation analysis. For more information on how to buy Cintas Stock please use our How to Invest in Cintas guide.At this time, Cintas' EBITDA is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 5.6 B in 2024, whereas Net Income From Continuing Ops is likely to drop slightly above 811.7 M in 2024.
| 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 income statement Correlations
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Cintas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cintas income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 105.4M | 98.2M | 88.8M | 111.2M | 127.9M | 134.3M | |
| Total Revenue | 7.1B | 7.1B | 7.9B | 8.8B | 10.1B | 10.6B | |
| Gross Profit | 3.2B | 3.3B | 3.6B | 4.2B | 4.8B | 5.0B | |
| Operating Income | 1.2B | 1.4B | 1.6B | 1.8B | 2.1B | 2.2B | |
| Ebit | 1.2B | 1.4B | 1.6B | 1.8B | 2.1B | 2.2B | |
| Ebitda | 1.5B | 1.8B | 2.0B | 2.2B | 2.5B | 2.7B | |
| Cost Of Revenue | 3.9B | 3.8B | 4.2B | 4.6B | 5.3B | 5.6B | |
| Income Before Tax | 1.1B | 1.3B | 1.5B | 1.7B | 1.9B | 2.0B | |
| Net Income | 876.0M | 1.1B | 1.2B | 1.3B | 1.6B | 1.6B | |
| Income Tax Expense | 181.9M | 176.8M | 263.0M | 345.1M | 396.9M | 416.8M | |
| Research Development | 21.5M | 22.3M | 23.5M | 24.5M | 28.2M | 29.6M | |
| Tax Provision | 181.9M | 176.8M | 263.0M | 345.1M | 396.9M | 240.6M | |
| Interest Income | 988K | 467K | 242K | 1.7M | 1.5M | 1.5M | |
| Net Interest Income | (104.4M) | (97.7M) | (88.6M) | (109.5M) | (98.6M) | (103.5M) |
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 | NL | NL Industries | PairCorr |
| 0.74 | WM | Waste Management Earnings Call This Week | PairCorr |
| 0.82 | VSEC | VSE Corporation Financial Report 6th of May 2024 | PairCorr |
Moving against Cintas Stock
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| 0.7 | LNZA | LanzaTech Global Financial Report 20th of May 2024 | PairCorr |
| 0.66 | ACCO | Acco Brands Financial Report 2nd of May 2024 | PairCorr |
| 0.65 | CLVT | CLARIVATE PLC Financial Report 14th of May 2024 | PairCorr |
| 0.62 | ARC | ARC Document Solutions Financial Report 1st of May 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 Cintas Valuation and Cintas Correlation analysis. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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 14.53 | 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.