Descartes Cash vs Retained Earnings Analysis

DSGX Stock

USD 116.08 1.75 1.53%

Descartes Systems financial indicator trend analysis is much more than just examining Descartes Systems latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Descartes Systems is a good investment. Please check the relationship between Descartes Systems Cash and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Descartes Systems Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Descartes Systems Cash account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Descartes Systems' Cash and Retained Earnings is 0.86. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Descartes Systems Group, assuming nothing else is changed. The correlation between historical values of Descartes Systems' Cash and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Descartes Systems Group are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash i.e., Descartes Systems' Cash and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

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Cash

Cash refers to the most liquid asset of Descartes Systems, which is listed under current asset account on Descartes Systems Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Descartes Systems customers. The amounts must be unrestricted with restricted cash listed in a different Descartes Systems account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Descartes Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Descartes Systems 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Descartes Systems Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

At this time, Descartes Systems' Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.13 in 2024, whereas Selling General Administrative is likely to drop slightly above 31.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	322.9M	372.7M	375.6M	394.4M
Total Revenue	424.7M	486.0M	575.2M	604.0M

Gross Profit Total Revenue

Descartes Systems 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	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Other Assets	Good Will	Common Stock Total Equity	Short Term Investments	Property Plant And Equipment Gross
Total Assets		-0.59	0.91	0.98	1.0	0.69	-0.84	0.83	0.81	0.87	0.99	0.95	0.87	0.75	0.6	0.91	0.05	0.97	0.9	-0.08	0.93	0.6	0.99	0.96	-0.65	0.91
Short Long Term Debt Total	-0.59		-0.56	-0.61	-0.59	-0.39	0.66	-0.81	-0.7	-0.65	-0.54	-0.62	-0.64	-0.27	0.13	-0.63	0.05	-0.53	-0.63	0.55	-0.46	-0.35	-0.56	-0.68	-0.14	-0.63
Other Current Liab	0.91	-0.56		0.97	0.9	0.39	-0.91	0.9	0.89	0.93	0.85	0.87	0.93	0.52	0.38	0.95	0.12	0.93	0.94	-0.01	0.74	0.46	0.89	0.82	-0.46	0.94
Total Current Liabilities	0.98	-0.61	0.97		0.97	0.54	-0.9	0.89	0.9	0.93	0.94	0.91	0.93	0.64	0.48	0.96	0.11	0.97	0.95	-0.09	0.85	0.54	0.96	0.91	-0.56	0.96
Total Stockholder Equity	1.0	-0.59	0.9	0.97		0.7	-0.84	0.83	0.8	0.86	0.99	0.95	0.86	0.75	0.61	0.91	0.04	0.96	0.89	-0.1	0.94	0.61	0.99	0.97	-0.65	0.9
Property Plant And Equipment Net	0.69	-0.39	0.39	0.54	0.7		-0.33	0.35	0.29	0.34	0.76	0.76	0.34	0.88	0.72	0.44	-0.22	0.61	0.4	-0.05	0.81	0.75	0.72	0.74	-0.69	0.45
Net Debt	-0.84	0.66	-0.91	-0.9	-0.84	-0.33		-0.85	-0.85	-0.99	-0.74	-0.78	-0.99	-0.46	-0.31	-0.9	-0.34	-0.81	-0.98	0.24	-0.6	-0.55	-0.78	-0.77	0.33	-0.89
Retained Earnings	0.83	-0.81	0.9	0.89	0.83	0.35	-0.85		0.91	0.86	0.78	0.82	0.86	0.41	0.09	0.9	-0.02	0.83	0.86	-0.17	0.67	0.32	0.82	0.83	-0.16	0.88
Accounts Payable	0.81	-0.7	0.89	0.9	0.8	0.29	-0.85	0.91		0.88	0.74	0.72	0.88	0.36	0.13	0.94	0.11	0.84	0.89	-0.21	0.62	0.37	0.78	0.75	-0.24	0.89
Cash	0.87	-0.65	0.93	0.93	0.86	0.34	-0.99	0.86	0.88		0.77	0.8	1.0	0.48	0.33	0.93	0.32	0.87	1.0	-0.2	0.64	0.53	0.81	0.79	-0.37	0.91
Non Current Assets Total	0.99	-0.54	0.85	0.94	0.99	0.76	-0.74	0.78	0.74	0.77		0.95	0.77	0.79	0.65	0.86	-0.05	0.95	0.81	-0.04	0.98	0.59	1.0	0.97	-0.71	0.85
Non Currrent Assets Other	0.95	-0.62	0.87	0.91	0.95	0.76	-0.78	0.82	0.72	0.8	0.95		0.8	0.8	0.56	0.83	-0.06	0.93	0.83	0.02	0.89	0.66	0.95	0.93	-0.58	0.84
Cash And Short Term Investments	0.87	-0.64	0.93	0.93	0.86	0.34	-0.99	0.86	0.88	1.0	0.77	0.8		0.48	0.33	0.93	0.32	0.87	1.0	-0.2	0.64	0.53	0.81	0.79	-0.37	0.91
Net Receivables	0.75	-0.27	0.52	0.64	0.75	0.88	-0.46	0.41	0.36	0.48	0.79	0.8	0.48		0.84	0.51	0.04	0.71	0.52	0.03	0.82	0.74	0.76	0.73	-0.76	0.55
Common Stock Shares Outstanding	0.6	0.13	0.38	0.48	0.61	0.72	-0.31	0.09	0.13	0.33	0.65	0.56	0.33	0.84		0.35	0.17	0.56	0.38	0.12	0.7	0.64	0.61	0.53	-0.95	0.38
Other Current Assets	0.91	-0.63	0.95	0.96	0.91	0.44	-0.9	0.9	0.94	0.93	0.86	0.83	0.93	0.51	0.35		0.13	0.91	0.94	-0.12	0.75	0.5	0.89	0.86	-0.43	0.89
Other Stockholder Equity	0.05	0.05	0.12	0.11	0.04	-0.22	-0.34	-0.02	0.11	0.32	-0.05	-0.06	0.32	0.04	0.17	0.13		0.1	0.3	-0.38	-0.14	0.08	-0.02	-0.09	-0.1	0.08
Total Liab	0.97	-0.53	0.93	0.97	0.96	0.61	-0.81	0.83	0.84	0.87	0.95	0.93	0.87	0.71	0.56	0.91	0.1		0.89	0.0	0.88	0.54	0.96	0.89	-0.65	0.9
Total Current Assets	0.9	-0.63	0.94	0.95	0.89	0.4	-0.98	0.86	0.89	1.0	0.81	0.83	1.0	0.52	0.38	0.94	0.3	0.89		-0.18	0.69	0.57	0.84	0.81	-0.43	0.92
Short Term Debt	-0.08	0.55	-0.01	-0.09	-0.1	-0.05	0.24	-0.17	-0.21	-0.2	-0.04	0.02	-0.2	0.03	0.12	-0.12	-0.38	0.0	-0.18		-0.04	-0.06	-0.05	-0.17	-0.22	-0.14
Intangible Assets	0.93	-0.46	0.74	0.85	0.94	0.81	-0.6	0.67	0.62	0.64	0.98	0.89	0.64	0.82	0.7	0.75	-0.14	0.88	0.69	-0.04		0.53	0.96	0.95	-0.74	0.75
Other Assets	0.6	-0.35	0.46	0.54	0.61	0.75	-0.55	0.32	0.37	0.53	0.59	0.66	0.53	0.74	0.64	0.5	0.08	0.54	0.57	-0.06	0.53		0.56	0.55	-0.56	0.54
Good Will	0.99	-0.56	0.89	0.96	0.99	0.72	-0.78	0.82	0.78	0.81	1.0	0.95	0.81	0.76	0.61	0.89	-0.02	0.96	0.84	-0.05	0.96	0.56		0.97	-0.67	0.88
Common Stock Total Equity	0.96	-0.68	0.82	0.91	0.97	0.74	-0.77	0.83	0.75	0.79	0.97	0.93	0.79	0.73	0.53	0.86	-0.09	0.89	0.81	-0.17	0.95	0.55	0.97		-0.56	0.84
Short Term Investments	-0.65	-0.14	-0.46	-0.56	-0.65	-0.69	0.33	-0.16	-0.24	-0.37	-0.71	-0.58	-0.37	-0.76	-0.95	-0.43	-0.1	-0.65	-0.43	-0.22	-0.74	-0.56	-0.67	-0.56		-0.46
Property Plant And Equipment Gross	0.91	-0.63	0.94	0.96	0.9	0.45	-0.89	0.88	0.89	0.91	0.85	0.84	0.91	0.55	0.38	0.89	0.08	0.9	0.92	-0.14	0.75	0.54	0.88	0.84	-0.46

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Descartes Systems Account Relationship Matchups

Descartes Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	942.6M	1.1B	1.2B	1.3B	1.5B	1.5B
Short Long Term Debt Total	13.4M	13.1M	11.4M	7.3M	7.0M	6.6M
Other Current Liab	36.2M	38.9M	113.2M	148.1M	176.4M	185.2M
Total Current Liabilities	88.9M	104.3M	133.4M	169.6M	203.6M	213.8M
Total Stockholder Equity	821.7M	911.1M	999.8M	1.1B	1.2B	1.3B
Property Plant And Equipment Net	26.6M	24.3M	21.4M	18.2M	17.8M	11.7M
Net Debt	(31.0M)	(120.6M)	(202.0M)	(269.1M)	(314.0M)	(298.3M)
Retained Earnings	(135.8M)	(83.7M)	2.6M	104.8M	220.8M	231.8M
Accounts Payable	7.7M	8.0M	10.6M	10.6M	17.5M	18.4M
Cash	44.4M	133.7M	213.4M	276.4M	321.0M	337.0M
Non Current Assets Total	842.4M	860.2M	893.4M	957.4M	1.0B	1.1B
Non Currrent Assets Other	13.5M	15.6M	18.7M	22.2M	20.4M	17.1M
Cash And Short Term Investments	44.4M	133.7M	213.4M	276.4M	319.0M	334.9M
Net Receivables	42.4M	52.0M	41.7M	45.2M	51.6M	27.3M
Common Stock Shares Outstanding	82.9M	85.8M	86.2M	86.5M	86.8M	66.4M
Liabilities And Stockholders Equity	942.6M	1.1B	1.2B	1.3B	1.5B	1.5B
Other Current Assets	13.0M	16.9M	36.0M	24.7M	50.5M	53.1M
Other Stockholder Equity	(388.4M)	464.1M	473.3M	486.6M	487.1M	323.2M
Total Liab	120.9M	152.2M	185.6M	216.7M	234.8M	246.5M
Total Current Assets	100.2M	203.1M	292.1M	358.7M	415.6M	436.4M
Short Term Debt	3.9M	4.2M	4.0M	3.4M	3.1M	5.6M
Intangible Assets	257.0M	240.0M	229.6M	229.8M	251.0M	263.6M
Other Assets	35.1M	30.8M	33.6M	33.7M	38.8M	19.7M
Good Will	523.7M	565.2M	608.8M	675.6M	760.4M	798.4M
Common Stock Total Equity	274.5M	276.8M	524.2M	531.8M	611.6M	642.2M
Property Plant And Equipment Gross	26.6M	24.3M	21.4M	56.0M	60.4M	63.5M
Accumulated Other Comprehensive Income	(25.9M)	(1.2M)	(12.4M)	(30.5M)	(28.6M)	(27.2M)
Common Stock	524.2M	531.8M	536.3M	538.4M	551.2M	298.9M
Property Plant Equipment	26.6M	24.3M	21.4M	18.2M	20.9M	12.1M
Non Current Liabilities Total	31.9M	47.9M	52.2M	47.1M	32.4M	35.0M
Current Deferred Revenue	41.1M	49.9M	56.8M	67.8M	84.0M	88.2M
Other Liab	22.5M	39.0M	44.8M	43.1M	49.6M	52.1M
Net Tangible Assets	41.1M	105.9M	161.4M	193.9M	223.0M	234.2M
Inventory	411K	429K	868K	759K	1.0	0.95
Deferred Long Term Liab	9.8M	12.9M	16.6M	18.4M	21.2M	22.2M
Net Invested Capital	821.7M	911.1M	999.8M	1.1B	1.2B	968.8M
Net Working Capital	11.3M	98.8M	158.6M	189.1M	214.6M	225.3M

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Descartes Cash vs Retained Earnings Analysis

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

Correlation Coefficient

Cash

Retained Earnings

Descartes Systems fundamental ratios Correlations

Descartes Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Descartes Systems fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Total Current Assets	+ 1.0	Cash And Short Term Investments
Non Current Assets Total	+ 0.99	Total Assets

Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Total Current Assets	- 0.98	Net Debt
Short Term Investments	- 0.95	Common Stock Shares Outstanding
Net Debt	- 0.91	Other Current Liab
Other Current Assets	- 0.9	Net Debt