Columbus Net Income vs Total Revenue Analysis

CMCO Stock

USD 39.10 0.23 0.59%

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

To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.

Net Income vs Total Revenue

Net Income vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Columbus McKinnon Net Income account and Total Revenue. At this time, the significance of the direction appears to have weak relationship.

The correlation between Columbus McKinnon's Net Income and Total Revenue is 0.38. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Columbus McKinnon, assuming nothing else is changed. The correlation between historical values of Columbus McKinnon's Net Income and Total 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 Net Income of Columbus McKinnon are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Net Income i.e., Columbus McKinnon's Net Income and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Income

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

Total Revenue

Total revenue comprises all receipts Columbus McKinnon generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

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

To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.As of the 28th of November 2024, Selling General Administrative is likely to drop to about 74.7 M. In addition to that, Discontinued Operations is likely to drop to about 841.6 K

	2021	2022	2023	2024 (projected)
Gross Profit	315.7M	342.1M	347.7M	206.2M
Total Revenue	906.6M	936.2M	1.0B	689.0M

Gross Profit Total Revenue

Columbus McKinnon 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	Intangible Assets	Other Liab	Other Assets
Total Assets		0.88	0.67	0.84	0.97	0.64	0.91	0.94	0.83	0.36	1.0	0.64	0.36	0.89	0.78	0.85	0.82	0.66	0.97	0.86	0.9	0.8	0.74	0.96	0.61	0.28
Short Long Term Debt Total	0.88		0.8	0.94	0.8	0.81	0.87	0.76	0.84	0.32	0.88	0.55	0.32	0.93	0.84	0.96	0.95	0.69	0.83	0.97	0.79	0.84	0.76	0.88	0.71	0.34
Other Current Liab	0.67	0.8		0.9	0.57	0.56	0.53	0.6	0.77	0.53	0.65	0.65	0.53	0.86	0.85	0.87	0.87	0.48	0.58	0.89	0.42	0.86	0.52	0.68	0.81	0.25
Total Current Liabilities	0.84	0.94	0.9		0.75	0.74	0.77	0.75	0.87	0.41	0.84	0.61	0.41	0.94	0.89	0.96	0.96	0.68	0.76	0.98	0.65	0.88	0.75	0.86	0.83	0.39
Total Stockholder Equity	0.97	0.8	0.57	0.75		0.55	0.84	0.96	0.82	0.37	0.96	0.68	0.37	0.82	0.72	0.74	0.74	0.68	0.99	0.75	0.94	0.76	0.64	0.92	0.44	0.16
Property Plant And Equipment Net	0.64	0.81	0.56	0.74	0.55		0.71	0.58	0.56	0.14	0.64	0.11	0.14	0.75	0.7	0.76	0.79	0.54	0.57	0.76	0.56	0.66	0.68	0.6	0.56	0.34
Net Debt	0.91	0.87	0.53	0.77	0.84	0.71		0.78	0.62	-0.01	0.93	0.37	-0.01	0.79	0.61	0.79	0.78	0.49	0.87	0.79	0.89	0.58	0.88	0.91	0.5	0.21
Retained Earnings	0.94	0.76	0.6	0.75	0.96	0.58	0.78		0.78	0.41	0.94	0.69	0.41	0.81	0.74	0.75	0.72	0.64	0.92	0.76	0.82	0.76	0.63	0.9	0.55	0.3
Accounts Payable	0.83	0.84	0.77	0.87	0.82	0.56	0.62	0.78		0.64	0.81	0.79	0.64	0.88	0.89	0.86	0.85	0.86	0.83	0.87	0.72	0.93	0.44	0.78	0.67	0.3
Cash	0.36	0.32	0.53	0.41	0.37	0.14	-0.01	0.41	0.64		0.29	0.58	1.0	0.43	0.62	0.43	0.34	0.58	0.34	0.42	0.17	0.73	-0.16	0.23	0.42	0.32
Non Current Assets Total	1.0	0.88	0.65	0.84	0.96	0.64	0.93	0.94	0.81	0.29		0.63	0.29	0.87	0.75	0.85	0.82	0.65	0.97	0.85	0.91	0.76	0.77	0.98	0.61	0.28
Non Currrent Assets Other	0.64	0.55	0.65	0.61	0.68	0.11	0.37	0.69	0.79	0.58	0.63		0.58	0.59	0.62	0.61	0.55	0.6	0.66	0.61	0.53	0.68	0.19	0.65	0.51	0.21
Cash And Short Term Investments	0.36	0.32	0.53	0.41	0.37	0.14	-0.01	0.41	0.64	1.0	0.29	0.58		0.43	0.62	0.43	0.34	0.58	0.34	0.42	0.17	0.73	-0.16	0.23	0.42	0.32
Net Receivables	0.89	0.93	0.86	0.94	0.82	0.75	0.79	0.81	0.88	0.43	0.87	0.59	0.43		0.93	0.93	0.96	0.67	0.84	0.94	0.74	0.92	0.68	0.85	0.71	0.2
Common Stock Shares Outstanding	0.78	0.84	0.85	0.89	0.72	0.7	0.61	0.74	0.89	0.62	0.75	0.62	0.62	0.93		0.88	0.93	0.76	0.74	0.89	0.63	0.97	0.51	0.69	0.71	0.36
Non Current Liabilities Total	0.85	0.96	0.87	0.96	0.74	0.76	0.79	0.75	0.86	0.43	0.85	0.61	0.43	0.93	0.88		0.94	0.68	0.76	1.0	0.67	0.88	0.7	0.86	0.86	0.45
Inventory	0.82	0.95	0.87	0.96	0.74	0.79	0.78	0.72	0.85	0.34	0.82	0.55	0.34	0.96	0.93	0.94		0.66	0.78	0.95	0.71	0.88	0.72	0.8	0.71	0.26
Other Current Assets	0.66	0.69	0.48	0.68	0.68	0.54	0.49	0.64	0.86	0.58	0.65	0.6	0.58	0.67	0.76	0.68	0.66		0.7	0.69	0.66	0.78	0.33	0.59	0.49	0.46
Other Stockholder Equity	0.97	0.83	0.58	0.76	0.99	0.57	0.87	0.92	0.83	0.34	0.97	0.66	0.34	0.84	0.74	0.76	0.78	0.7		0.77	0.96	0.76	0.65	0.91	0.44	0.14
Total Liab	0.86	0.97	0.89	0.98	0.75	0.76	0.79	0.76	0.87	0.42	0.85	0.61	0.42	0.94	0.89	1.0	0.95	0.69	0.77		0.67	0.89	0.72	0.87	0.86	0.44
Property Plant And Equipment Gross	0.9	0.79	0.42	0.65	0.94	0.56	0.89	0.82	0.72	0.17	0.91	0.53	0.17	0.74	0.63	0.67	0.71	0.66	0.96	0.67		0.63	0.64	0.84	0.27	0.05
Total Current Assets	0.8	0.84	0.86	0.88	0.76	0.66	0.58	0.76	0.93	0.73	0.76	0.68	0.73	0.92	0.97	0.88	0.88	0.78	0.76	0.89	0.63		0.45	0.71	0.7	0.32
Short Term Debt	0.74	0.76	0.52	0.75	0.64	0.68	0.88	0.63	0.44	-0.16	0.77	0.19	-0.16	0.68	0.51	0.7	0.72	0.33	0.65	0.72	0.64	0.45		0.8	0.55	0.33
Intangible Assets	0.96	0.88	0.68	0.86	0.92	0.6	0.91	0.9	0.78	0.23	0.98	0.65	0.23	0.85	0.69	0.86	0.8	0.59	0.91	0.87	0.84	0.71	0.8		0.67	0.3
Other Liab	0.61	0.71	0.81	0.83	0.44	0.56	0.5	0.55	0.67	0.42	0.61	0.51	0.42	0.71	0.71	0.86	0.71	0.49	0.44	0.86	0.27	0.7	0.55	0.67		0.65
Other Assets	0.28	0.34	0.25	0.39	0.16	0.34	0.21	0.3	0.3	0.32	0.28	0.21	0.32	0.2	0.36	0.45	0.26	0.46	0.14	0.44	0.05	0.32	0.33	0.3	0.65

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Columbus McKinnon Account Relationship Matchups

Columbus McKinnon fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.2B	1.7B	1.7B	1.8B	1.9B
Short Long Term Debt Total	251.3M	249.0M	511.2M	526.1M	599.6M	313.5M
Other Current Liab	80.1M	77.8M	76.0M	107.8M	86.2M	44.7M
Total Current Liabilities	155.3M	183.9M	249.6M	241.7M	261.8M	145.7M
Total Stockholder Equity	463.6M	530.1M	772.8M	833.8M	882.1M	926.2M
Property Plant And Equipment Net	79.5M	74.8M	97.9M	94.4M	172.0M	86.3M
Net Debt	136.9M	46.8M	395.8M	392.9M	485.5M	509.8M
Retained Earnings	290.4M	293.8M	316.3M	356.8M	395.3M	415.1M
Accounts Payable	57.3M	68.6M	90.9M	76.7M	83.1M	48.7M
Cash	114.5M	202.1M	115.4M	133.2M	114.1M	67.8M
Non Current Assets Total	710.5M	708.6M	1.2B	1.2B	1.3B	1.4B
Non Currrent Assets Other	59.8M	61.3M	68.9M	88.3M	30.6M	30.8M
Cash And Short Term Investments	114.5M	202.1M	115.4M	133.2M	114.1M	67.8M
Net Receivables	123.7M	105.5M	147.5M	151.5M	171.2M	118.9M
Common Stock Shares Outstanding	23.9M	24.2M	28.4M	28.8M	29.0M	20.9M
Liabilities And Stockholders Equity	1.1B	1.2B	1.7B	1.7B	1.8B	1.9B
Non Current Liabilities Total	474.4M	436.4M	663.3M	623.0M	682.1M	392.8M
Inventory	127.4M	111.5M	172.1M	179.4M	186.1M	119.1M
Other Current Assets	17.2M	37.0M	59.8M	32.3M	42.8M	21.7M
Other Stockholder Equity	287.3M	296.1M	506.1M	514.8M	526.1M	552.4M
Total Liab	629.7M	620.3M	912.9M	864.7M	943.9M	538.4M
Property Plant And Equipment Gross	79.5M	74.8M	327.2M	326.1M	349.2M	366.7M
Total Current Assets	382.7M	441.8M	466.6M	496.2M	514.2M	327.5M
Accumulated Other Comprehensive Income	(114.4M)	(60.0M)	(49.9M)	(38.0M)	(39.7M)	(41.7M)
Short Term Debt	4.5M	12.1M	48.5M	48.0M	59.4M	62.4M
Intangible Assets	218.0M	213.4M	390.8M	362.5M	385.6M	404.9M
Other Liab	188.7M	191.9M	192.6M	143.2M	164.7M	106.9M
Other Assets	44.6M	81.3M	71.3M	30.8M	35.4M	40.3M
Long Term Debt	246.9M	244.5M	470.7M	431.0M	479.6M	279.8M
Common Stock Total Equity	238K	240K	285K	286K	328.9K	217.9K
Common Stock	238K	240K	285K	286K	288K	221.8K
Property Plant Equipment	79.5M	74.8M	97.9M	94.4M	108.5M	84.1M
Current Deferred Revenue	13.5M	15.6M	22.9M	27.8M	17.5M	23.9M
Good Will	319.7M	331.2M	648.8M	644.6M	710.3M	674.8M
Net Tangible Assets	(74.1M)	(14.4M)	(266.8M)	(173.4M)	(156.0M)	(148.2M)
Retained Earnings Total Equity	290.4M	293.8M	316.3M	356.8M	410.3M	226.2M
Short Term Investments	662K	743K	859K	7.6M	7.5M	7.9M
Long Term Debt Total	246.9M	244.5M	470.7M	431.0M	495.6M	283.4M

Pair Trading with Columbus McKinnon

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

Moving together with Columbus Stock

0.74

ALG

Alamo Group

Pair Corr

Moving against Columbus Stock

0.78	LEV	Lion Electric Corp	Pair Corr
0.65	NKLA	Nikola Corp	Pair Corr
0.41	CEAD	CEA Industries	Pair Corr
0.33	TWI	Titan International	Pair Corr

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

The correlation of Columbus McKinnon 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 Columbus McKinnon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Columbus McKinnon 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 Columbus McKinnon 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 Columbus McKinnon offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Columbus McKinnon's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Columbus Mckinnon Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Columbus Mckinnon Stock:

How To Invest In Columbus

Details

Is Columbus Stock a good investment?

Details

What is Columbus McKinnon's Net Worth?

Details

Largest Industrial Machinery & Supplies & Components Companies

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

To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.

You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Is Industrial Machinery & Supplies & Components space 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 Columbus McKinnon. If investors know Columbus 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 Columbus McKinnon 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

(0.07)

Dividend Share

0.28

Earnings Share

0.52

Revenue Per Share

34.771

Quarterly Revenue Growth

(0.06)

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

Net Income vs Total Revenue

Net Income vs Total Revenue Correlation Analysis

Correlation Coefficient

Net Income

Total Revenue

Columbus McKinnon fundamental ratios Correlations

Columbus McKinnon Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Columbus McKinnon fundamental ratios Accounts

Pair Trading with Columbus McKinnon

Moving together with Columbus Stock

Moving against Columbus Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Other Stockholder Equity	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.98	Total Current Liabilities
Intangible Assets	+ 0.98	Non Current Assets Total

Short Term Debt	- 0.16	Cash And Short Term Investments
Short Term Debt	- 0.16	Cash
Cash And Short Term Investments	- 0.01	Net Debt
Cash	- 0.01	Net Debt