Landstar Income Before Tax vs Net Income From Continuing Ops Analysis
LSTR Stock | USD 188.09 2.60 1.40% |
Landstar System financial indicator trend analysis is infinitely more than just investigating Landstar System recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Landstar System is a good investment. Please check the relationship between Landstar System Income Before Tax and its Net Income From Continuing Ops accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Landstar System. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Landstar Stock, please use our How to Invest in Landstar System guide.
Income Before Tax vs Net Income From Continuing Ops
Income Before Tax vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Landstar System Income Before Tax account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Landstar System's Income Before Tax and Net Income From Continuing Ops is 0.94. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Landstar System, assuming nothing else is changed. The correlation between historical values of Landstar System's Income Before Tax and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Landstar System are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Income Before Tax i.e., Landstar System's Income Before Tax and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Landstar System income statement and is an important metric when analyzing Landstar System profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Net Income From Continuing Ops
Most indicators from Landstar System's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Landstar System 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 Landstar System. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Landstar Stock, please use our How to Invest in Landstar System guide.At this time, Landstar System's Selling General Administrative is relatively stable compared to the past year. As of 12/11/2024, Tax Provision is likely to grow to about 96.3 M, while Discontinued Operations is likely to drop slightly above 29.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 866.1M | 960.2M | 714.2M | 433.3M | Total Revenue | 6.5B | 7.4B | 5.3B | 3.0B |
Landstar System fundamental ratios Correlations
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Landstar System Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Landstar System fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.4B | 1.7B | 2.0B | 1.9B | 1.8B | 916.6M | |
Short Long Term Debt Total | 166.7M | 175.5M | 228.3M | 196.4M | 132.7M | 147.3M | |
Other Current Liab | 95.6M | 350.9M | 252.8M | 293.5M | 189.8M | 111.4M | |
Total Current Liabilities | 552.9M | 806.1M | 1.0B | 878.1M | 675.2M | 374.5M | |
Total Stockholder Equity | 721.5M | 691.8M | 862.0M | 887.2M | 983.9M | 1.0B | |
Property Plant And Equipment Net | 285.9M | 297.0M | 317.4M | 315.0M | 286.0M | 172.1M | |
Net Debt | (152.8M) | (73.8M) | 12.8M | (143.2M) | (348.4M) | (330.9M) | |
Retained Earnings | 2.0B | 2.0B | 2.3B | 2.6B | 2.8B | 2.9B | |
Accounts Payable | 272.0M | 380.5M | 604.1M | 455.5M | 396.0M | 415.8M | |
Cash | 319.5M | 249.4M | 215.5M | 339.6M | 481.0M | 505.1M | |
Non Current Assets Total | 429.8M | 445.6M | 522.6M | 492.5M | 449.1M | 272.6M | |
Non Currrent Assets Other | 105.5M | 107.7M | 164.4M | (9.3M) | 28.7M | 48.0M | |
Cash And Short Term Investments | 352.4M | 290.7M | 251.3M | 393.5M | 540.7M | 567.7M | |
Net Receivables | 624.1M | 898.9M | 1.3B | 1.0B | 787.1M | 471.9M | |
Common Stock Shares Outstanding | 39.8M | 38.6M | 38.2M | 36.6M | 35.9M | 48.6M | |
Liabilities And Stockholders Equity | 1.4B | 1.7B | 2.0B | 1.9B | 1.8B | 916.6M | |
Non Current Liabilities Total | 153.3M | 155.8M | 173.5M | 166.5M | 142.7M | 147.5M | |
Other Current Assets | 21.4M | 18.5M | 16.2M | 21.8M | 24.9M | 16.6M | |
Other Stockholder Equity | (1.2B) | (1.4B) | (1.5B) | (1.7B) | (1.8B) | (1.7B) | |
Total Liab | 706.2M | 962.0M | 1.2B | 1.0B | 817.9M | 522.0M | |
Total Current Assets | 997.9M | 1.2B | 1.5B | 1.4B | 1.4B | 1.4B | |
Short Term Debt | 96.5M | 74.7M | 153.0M | 129.1M | 89.4M | 59.0M | |
Common Stock | 679K | 681K | 682K | 684K | 685K | 543.8K | |
Good Will | 38.5M | 40.9M | 40.8M | 41.2M | 42.3M | 31.8M | |
Common Stock Total Equity | 679K | 681K | 682K | 684K | 786.6K | 572.1K | |
Property Plant And Equipment Gross | 288.6M | 596.4M | 661.5M | 708.3M | 721.0M | 757.0M | |
Accumulated Other Comprehensive Income | (2.2M) | (2.0M) | (5.4M) | (15.0M) | (6.9M) | (7.2M) | |
Short Term Investments | 32.9M | 41.4M | 35.8M | 54.0M | 59.7M | 32.3M | |
Current Deferred Revenue | 88.8M | 76.8M | 75.4M | 41.0M | (41.0M) | (38.9M) | |
Other Liab | 81.1M | 90.5M | 98.2M | 98.0M | 112.7M | 58.6M | |
Other Assets | 53.3M | 404.7M | 164.4M | 136.3M | 156.7M | 164.6M | |
Long Term Debt | 70.2M | 65.4M | 75.2M | 67.2M | 60.5M | 72.2M | |
Treasury Stock | (1.5B) | (1.6B) | (1.7B) | (2.0B) | (1.8B) | (1.7B) | |
Property Plant Equipment | 285.9M | 297.0M | 317.4M | 315.0M | 362.2M | 192.6M | |
Net Tangible Assets | 753.2M | 716.2M | 821.2M | 846.0M | 972.9M | 607.7M | |
Retained Earnings Total Equity | 2.0B | 2.0B | 2.3B | 2.6B | 3.0B | 1.5B | |
Long Term Debt Total | 83.1M | 84.9M | 70.2M | 67.2M | 60.5M | 70.2M |
Pair Trading with Landstar System
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 Landstar System 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 Landstar System will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Landstar System could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Landstar System 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 Landstar System - 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 Landstar System to buy it.
The correlation of Landstar System 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 Landstar System moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Landstar System 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 Landstar System 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.Additional Tools for Landstar Stock Analysis
When running Landstar System's price analysis, check to measure Landstar System'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 Landstar System is operating at the current time. Most of Landstar System's value examination focuses on studying past and present price action to predict the probability of Landstar System's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Landstar System's price. Additionally, you may evaluate how the addition of Landstar System to your portfolios can decrease your overall portfolio volatility.