Knight Gross Profit vs Cost Of Revenue Analysis

KNX Stock

USD 59.36 0.27 0.46%

Knight Transportation financial indicator trend analysis is infinitely more than just investigating Knight Transportation recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Knight Transportation is a good investment. Please check the relationship between Knight Transportation Gross Profit and its Cost Of Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Knight Transportation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Gross Profit vs Cost Of Revenue

Gross Profit vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Knight Transportation Gross Profit account and Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Knight Transportation's Gross Profit and Cost Of Revenue is 0.95. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Knight Transportation, assuming nothing else is changed. The correlation between historical values of Knight Transportation's Gross Profit 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 Gross Profit of Knight Transportation 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 Gross Profit i.e., Knight Transportation's Gross Profit and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Knight Transportation minus its cost of goods sold. It is profit before Knight Transportation operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Cost Of Revenue

Cost of Revenue is found on Knight Transportation income statement and represents the costs associated with goods and services Knight Transportation 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 Knight Transportation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Knight Transportation 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Knight Transportation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Knight Stock please use our How to Invest in Knight Transportation guide.At this time, Knight Transportation's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 92.1 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.09 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.4B	1.8B	1.3B	1.3B
Total Revenue	6.0B	7.4B	7.1B	7.5B

Gross Profit Total Revenue

Knight Transportation 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 Total Equity	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	Common Stock	Current Deferred Revenue
Total Assets		0.68	0.98	0.95	0.99	0.99	0.96	0.96	0.93	0.9	1.0	0.41	0.9	0.99	0.93	0.46	0.98	0.95	0.8	0.94	0.98	0.96	0.99	0.69	0.74	0.96
Short Long Term Debt Total	0.68		0.75	0.75	0.6	0.75	0.81	0.8	0.83	0.81	0.67	0.33	0.81	0.72	0.59	-0.14	0.78	0.76	0.74	0.45	0.78	0.82	0.76	0.6	0.32	0.48
Other Current Liab	0.98	0.75		0.97	0.95	0.98	0.98	0.96	0.97	0.94	0.98	0.45	0.94	0.99	0.89	0.4	0.99	0.95	0.78	0.89	0.99	0.97	0.99	0.71	0.66	0.92
Total Current Liabilities	0.95	0.75	0.97		0.91	0.98	0.94	0.94	0.97	0.98	0.95	0.48	0.98	0.93	0.84	0.37	0.96	0.95	0.75	0.82	0.98	0.97	0.95	0.86	0.56	0.87
Total Stockholder Equity	0.99	0.6	0.95	0.91		0.96	0.91	0.93	0.87	0.83	0.99	0.37	0.83	0.98	0.95	0.5	0.94	0.91	0.76	0.97	0.94	0.91	0.96	0.64	0.81	0.98
Property Plant And Equipment Net	0.99	0.75	0.98	0.98	0.96		0.96	0.98	0.96	0.94	0.99	0.4	0.94	0.98	0.9	0.38	0.99	0.97	0.83	0.89	0.99	0.98	0.99	0.77	0.67	0.92
Net Debt	0.96	0.81	0.98	0.94	0.91	0.96		0.97	0.98	0.93	0.95	0.42	0.93	0.97	0.82	0.38	0.99	0.96	0.86	0.82	0.98	0.98	0.98	0.66	0.59	0.86
Retained Earnings	0.96	0.8	0.96	0.94	0.93	0.98	0.97		0.96	0.93	0.96	0.32	0.93	0.97	0.85	0.36	0.98	0.96	0.91	0.83	0.98	0.99	0.98	0.71	0.63	0.86
Accounts Payable	0.93	0.83	0.97	0.97	0.87	0.96	0.98	0.96		0.98	0.93	0.49	0.98	0.94	0.79	0.31	0.98	0.97	0.83	0.77	0.99	0.99	0.97	0.75	0.5	0.82
Cash	0.9	0.81	0.94	0.98	0.83	0.94	0.93	0.93	0.98		0.89	0.48	1.0	0.88	0.74	0.3	0.94	0.93	0.78	0.71	0.96	0.96	0.92	0.85	0.43	0.78
Non Current Assets Total	1.0	0.67	0.98	0.95	0.99	0.99	0.95	0.96	0.93	0.89		0.41	0.89	0.99	0.93	0.47	0.98	0.95	0.79	0.95	0.97	0.95	0.99	0.7	0.74	0.97
Non Currrent Assets Other	0.41	0.33	0.45	0.48	0.37	0.4	0.42	0.32	0.49	0.48	0.41		0.48	0.38	0.34	0.18	0.45	0.47	0.22	0.38	0.46	0.41	0.4	0.4	0.13	0.45
Cash And Short Term Investments	0.9	0.81	0.94	0.98	0.83	0.94	0.93	0.93	0.98	1.0	0.89	0.48		0.88	0.74	0.3	0.94	0.93	0.78	0.71	0.96	0.96	0.92	0.85	0.43	0.78
Net Receivables	0.99	0.72	0.99	0.93	0.98	0.98	0.97	0.97	0.94	0.88	0.99	0.38	0.88		0.92	0.41	0.98	0.94	0.81	0.92	0.97	0.96	0.99	0.63	0.74	0.94
Common Stock Total Equity	0.93	0.59	0.89	0.84	0.95	0.9	0.82	0.85	0.79	0.74	0.93	0.34	0.74	0.92		0.27	0.86	0.84	0.61	0.95	0.86	0.82	0.89	0.62	0.88	0.92
Common Stock Shares Outstanding	0.46	-0.14	0.4	0.37	0.5	0.38	0.38	0.36	0.31	0.3	0.47	0.18	0.3	0.41	0.27		0.38	0.35	0.32	0.54	0.38	0.34	0.39	0.17	0.35	0.58
Non Current Liabilities Total	0.98	0.78	0.99	0.96	0.94	0.99	0.99	0.98	0.98	0.94	0.98	0.45	0.94	0.98	0.86	0.38		0.98	0.85	0.86	1.0	0.99	1.0	0.7	0.63	0.9
Inventory	0.95	0.76	0.95	0.95	0.91	0.97	0.96	0.96	0.97	0.93	0.95	0.47	0.93	0.94	0.84	0.35	0.98		0.86	0.83	0.98	0.98	0.97	0.73	0.58	0.87
Other Current Assets	0.8	0.74	0.78	0.75	0.76	0.83	0.86	0.91	0.83	0.78	0.79	0.22	0.78	0.81	0.61	0.32	0.85	0.86		0.63	0.83	0.88	0.85	0.5	0.43	0.67
Other Stockholder Equity	0.94	0.45	0.89	0.82	0.97	0.89	0.82	0.83	0.77	0.71	0.95	0.38	0.71	0.92	0.95	0.54	0.86	0.83	0.63		0.86	0.8	0.89	0.54	0.86	0.99
Total Liab	0.98	0.78	0.99	0.98	0.94	0.99	0.98	0.98	0.99	0.96	0.97	0.46	0.96	0.97	0.86	0.38	1.0	0.98	0.83	0.86		0.99	0.99	0.75	0.61	0.9
Property Plant And Equipment Gross	0.96	0.82	0.97	0.97	0.91	0.98	0.98	0.99	0.99	0.96	0.95	0.41	0.96	0.96	0.82	0.34	0.99	0.98	0.88	0.8	0.99		0.98	0.75	0.56	0.85
Total Current Assets	0.99	0.76	0.99	0.95	0.96	0.99	0.98	0.98	0.97	0.92	0.99	0.4	0.92	0.99	0.89	0.39	1.0	0.97	0.85	0.89	0.99	0.98		0.69	0.68	0.92
Short Term Debt	0.69	0.6	0.71	0.86	0.64	0.77	0.66	0.71	0.75	0.85	0.7	0.4	0.85	0.63	0.62	0.17	0.7	0.73	0.5	0.54	0.75	0.75	0.69		0.31	0.61
Common Stock	0.74	0.32	0.66	0.56	0.81	0.67	0.59	0.63	0.5	0.43	0.74	0.13	0.43	0.74	0.88	0.35	0.63	0.58	0.43	0.86	0.61	0.56	0.68	0.31		0.8
Current Deferred Revenue	0.96	0.48	0.92	0.87	0.98	0.92	0.86	0.86	0.82	0.78	0.97	0.45	0.78	0.94	0.92	0.58	0.9	0.87	0.67	0.99	0.9	0.85	0.92	0.61	0.8

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Knight Transportation Account Relationship Matchups

Knight Transportation fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.3B	8.5B	10.7B	11.0B	12.9B	13.5B
Short Long Term Debt Total	1.1B	817.1M	2.2B	2.1B	2.7B	2.8B
Other Current Liab	436.1M	424.7M	764.6M	564.7M	865.4M	908.7M
Total Current Liabilities	993.0M	839.7M	1.1B	894.0M	1.8B	1.9B
Total Stockholder Equity	5.7B	5.9B	6.5B	6.9B	7.1B	7.4B
Property Plant And Equipment Net	3.0B	3.1B	3.7B	4.0B	5.1B	5.4B
Net Debt	935.3M	660.4M	2.0B	1.9B	2.2B	2.3B
Retained Earnings	1.4B	1.6B	2.2B	2.6B	2.7B	2.8B
Accounts Payable	99.2M	101.0M	224.8M	220.8M	355.2M	372.9M
Cash	159.7M	156.7M	261.0M	196.8M	465.8M	489.1M
Non Current Assets Total	7.4B	7.5B	9.2B	9.5B	11.2B	11.7B
Non Currrent Assets Other	(113.9M)	(130.7M)	(133.9M)	(162.5M)	152.9M	160.5M
Cash And Short Term Investments	159.7M	156.7M	261.0M	196.8M	466.4M	489.7M
Net Receivables	548.3M	593.0M	937.0M	858.2M	966.7M	1.0B
Common Stock Total Equity	1.7M	1.7M	1.7M	1.6M	1.8M	1.9M
Common Stock Shares Outstanding	172.1M	170.5M	167.1M	163.2M	161.8M	92.4M
Liabilities And Stockholders Equity	8.3B	8.5B	10.7B	11.0B	12.9B	13.5B
Non Current Liabilities Total	1.6B	1.8B	3.0B	3.1B	3.9B	4.1B
Inventory	154.2M	149.7M	191.8M	341.7M	392.9M	412.5M
Other Current Assets	27.8M	173.6M	219.0M	438.6M	276.0M	289.8M
Other Stockholder Equity	4.3B	4.3B	4.4B	4.4B	4.4B	4.6B
Total Liab	2.6B	2.6B	4.1B	4.0B	5.8B	6.1B
Property Plant And Equipment Gross	3.0B	3.1B	5.1B	5.7B	7.2B	7.6B
Total Current Assets	890.0M	923.4M	1.4B	1.5B	1.7B	1.8B
Accumulated Other Comprehensive Income	(693.1M)	0.0	(563K)	(2.4M)	(830K)	(871.5K)
Short Term Debt	457.8M	314.0M	85.3M	108.4M	604.7M	634.9M
Common Stock	1.7M	1.7M	1.7M	1.6M	1.6M	886.9K
Other Assets	42.2M	126.5M	192.1M	134.8M	155.0M	162.8M
Long Term Debt	279M	508.9M	1.3B	1.5B	1.8B	1.9B
Property Plant Equipment	2.9B	3.0B	3.7B	4.0B	4.6B	4.9B
Good Will	2.9B	2.9B	3.5B	3.5B	3.8B	4.0B
Intangible Assets	1.4B	1.4B	1.8B	1.8B	2.1B	2.2B
Short Term Investments	8.9M	9.0M	5.9M	7.2M	530K	503.5K
Other Liab	983.1M	1.0B	1.1B	1.1B	1.3B	1.4B
Net Tangible Assets	1.4B	1.6B	1.2B	1.6B	1.9B	2.0B
Noncontrolling Interest In Consolidated Entity	2.1M	2.2M	10.3M	10.3M	11.8M	12.4M
Retained Earnings Total Equity	1.4B	1.6B	2.2B	2.6B	2.9B	3.1B
Long Term Debt Total	279M	508.9M	1.8B	1.8B	1.6B	834.8M

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

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Knight Gross Profit vs Cost Of Revenue Analysis

Gross Profit vs Cost Of Revenue

Gross Profit vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Gross Profit

Cost Of Revenue

Knight Transportation fundamental ratios Correlations

Knight Transportation Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Knight Transportation fundamental ratios Accounts

Also Currently Popular

Additional Tools for Knight Stock Analysis

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Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Total Current Assets	+ 1.0	Non Current Liabilities Total
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets