Universal Inventory vs Other Current Liab Analysis

ULH Stock  USD 52.11  0.88  1.72%   
Universal Logistics financial indicator trend analysis is much more than just breaking down Universal Logistics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Universal Logistics is a good investment. Please check the relationship between Universal Logistics Inventory and its Other Current Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Universal Logistics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Inventory vs Other Current Liab

Inventory vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Universal Logistics Inventory account and Other Current Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Universal Logistics' Inventory and Other Current Liab is 0.61. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Universal Logistics Holdings, assuming nothing else is changed. The correlation between historical values of Universal Logistics' Inventory and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Universal Logistics Holdings are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Inventory i.e., Universal Logistics' Inventory and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

Inventory

Other Current Liab

Most indicators from Universal Logistics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Universal Logistics 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Universal Logistics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
As of now, Universal Logistics' Selling General Administrative is increasing as compared to previous years. The Universal Logistics' current Enterprise Value Over EBITDA is estimated to increase to 8.02, while Tax Provision is projected to decrease to under 23.4 M.
 2021 2022 2023 2024 (projected)
Income Before Tax98.6M225.4M124.3M130.5M
Total Operating Expenses112.4M109.6M51.8M49.2M

Universal Logistics fundamental ratios Correlations

0.880.310.36-0.880.960.980.520.980.920.970.930.710.550.990.410.790.520.850.60.80.790.520.930.840.86
0.880.120.07-0.670.720.780.190.870.940.790.990.370.540.89-0.010.440.540.660.350.460.630.170.970.650.71
0.310.120.02-0.250.390.280.650.380.10.250.160.530.090.260.550.43-0.010.50.080.410.470.370.30.450.34
0.360.070.02-0.530.50.450.430.320.230.460.140.580.20.310.350.60.340.430.940.580.450.90.120.50.25
-0.88-0.67-0.25-0.53-0.9-0.89-0.57-0.86-0.79-0.88-0.77-0.7-0.5-0.87-0.4-0.8-0.44-0.78-0.71-0.82-0.81-0.59-0.76-0.78-0.84
0.960.720.390.5-0.90.990.670.930.80.980.790.840.490.950.620.920.450.870.690.920.80.670.80.870.86
0.980.780.280.45-0.890.990.580.940.861.00.840.770.50.970.550.870.470.840.660.880.770.60.830.830.86
0.520.190.650.43-0.570.670.580.540.310.550.280.760.140.50.750.730.130.60.50.720.610.670.340.590.57
0.980.870.380.32-0.860.930.940.540.920.940.920.720.450.970.390.750.420.830.570.750.740.480.930.80.83
0.920.940.10.23-0.790.80.860.310.920.870.960.460.350.940.110.540.360.630.50.550.650.310.940.620.73
0.970.790.250.46-0.880.981.00.550.940.870.850.760.460.980.530.860.440.820.670.860.760.60.830.810.85
0.930.990.160.14-0.770.790.840.280.920.960.850.450.560.930.080.530.540.720.420.560.70.250.980.710.78
0.710.370.530.58-0.70.840.770.760.720.460.760.450.330.670.80.90.330.830.670.890.680.770.480.820.69
0.550.540.090.2-0.50.490.50.140.450.350.460.560.330.470.070.460.940.690.320.490.550.230.540.730.56
0.990.890.260.31-0.870.950.970.50.970.940.980.930.670.470.410.760.440.80.560.770.750.460.920.780.86
0.41-0.010.550.35-0.40.620.550.750.390.110.530.080.80.070.410.8-0.020.540.360.780.420.610.120.510.44
0.790.440.430.6-0.80.920.870.730.750.540.860.530.90.460.760.80.40.880.730.990.760.780.540.870.78
0.520.54-0.010.34-0.440.450.470.130.420.360.440.540.330.940.44-0.020.40.640.430.430.550.330.50.70.48
0.850.660.50.43-0.780.870.840.60.830.630.820.720.830.690.80.540.880.640.640.890.850.620.740.990.86
0.60.350.080.94-0.710.690.660.50.570.50.670.420.670.320.560.360.730.430.640.730.650.90.410.70.52
0.80.460.410.58-0.820.920.880.720.750.550.860.560.890.490.770.780.990.430.890.730.80.760.560.890.83
0.790.630.470.45-0.810.80.770.610.740.650.760.70.680.550.750.420.760.550.850.650.80.640.710.860.81
0.520.170.370.9-0.590.670.60.670.480.310.60.250.770.230.460.610.780.330.620.90.760.640.270.670.43
0.930.970.30.12-0.760.80.830.340.930.940.830.980.480.540.920.120.540.50.740.410.560.710.270.720.77
0.840.650.450.5-0.780.870.830.590.80.620.810.710.820.730.780.510.870.70.990.70.890.860.670.720.83
0.860.710.340.25-0.840.860.860.570.830.730.850.780.690.560.860.440.780.480.860.520.830.810.430.770.83
Click cells to compare fundamentals

Universal Logistics Account Relationship Matchups

Universal Logistics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets970.5M1.1B1.1B1.2B1.3B1.3B
Total Stockholder Equity205.2M239.6M302.2M446.9M532.2M558.8M
Other Assets4.6M97.2M371.2M8.4M10.1M9.6M
Common Stock Shares Outstanding28.1M27M26.9M26.5M26.3M23.1M
Liabilities And Stockholders Equity970.5M1.1B1.1B1.2B1.3B1.3B
Other Stockholder Equity(72.9M)(77.9M)(77.7M)(91.9M)(91.7M)(87.2M)
Total Liab765.3M823.5M835.3M756.7M721.3M757.4M
Short Long Term Debt Total485.1M482.0M451.9M472.0M475.5M499.3M
Other Current Liab191.4M213.1M251.6M92.2M89.3M83.5M
Total Current Liabilities191.4M213.1M251.6M221.6M260.4M273.4M
Property Plant And Equipment Net339.8M364.8M345.6M391.2M652.7M685.3M
Net Debt449.9M451.4M413.4M424.8M463.0M486.2M
Retained Earnings251.2M293.6M356.1M513.6M595.5M625.2M
Accounts Payable91.9M97.9M117.8M87.1M64.1M57.1M
Cash7.7M8.8M13.9M47.2M12.5M9.6M
Non Current Assets Total698.7M741.5M716.8M744.0M892.4M937.1M
Non Currrent Assets Other358.9M376.7M371.2M106.8M7.7M7.3M
Long Term Debt398.1M460.1M427.3M378.5M311.2M195.2M
Cash And Short Term Investments17.1M15.3M22.0M57.2M23.3M21.4M
Net Receivables210.5M259.2M341.4M350.7M289.4M159.4M
Common Stock Total Equity31.0M31.0M31.0M31.0M35.6M26.6M
Non Current Liabilities Total574.0M610.4M583.7M535.2M460.9M245.7M
Inventory7.2M8.3M14.1M11.4M12.4M7.0M
Other Current Assets44.2M47.1M57.3M38.6M39.9M30.8M
Property Plant And Equipment Gross427.0M462.6M785.3M843.1M1.0B1.1B
Total Current Assets271.8M321.5M420.7M459.7M361.1M212.8M
Accumulated Other Comprehensive Income(4.0M)(7.2M)(7.1M)(5.8M)(2.5M)(2.6M)
Short Term Debt87.0M81.6M85.7M93.5M100.7M56.2M
Intangible Assets116.1M102.2M88.3M74.0M61.3M44.9M
Common Stock31.0M31.0M31.0M31.0M31.0M25.7M
Property Plant Equipment339.8M462.6M345.6M391.2M449.8M472.3M
Other Liab71.4M72.2M156.4M79.1M90.9M95.5M
Short Term Investments9.4M6.5M8.0M10M10.8M9.9M
Treasury Stock(52.5M)(77.2M)(82.4M)(96.7M)(87.0M)(82.7M)
Net Tangible Assets(79.3M)(33.4M)302.2M202.2M232.6M244.2M
Retained Earnings Total Equity251.2M293.6M356.1M513.6M590.6M620.2M
Capital Surpluse4.3M4.5M4.6M4.9M4.4M8.4M
Deferred Long Term Liab65.7M64.4M61.3M69.6M80.0M47.5M
Non Current Liabilities Other67.4M150.3M156.4M156.7M6.5M6.2M

Currently Active Assets on Macroaxis

When determining whether Universal Logistics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Universal Logistics' 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 Universal Logistics Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Universal Logistics Holdings Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Universal Logistics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Cargo Ground Transportation 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 Universal Logistics. If investors know Universal 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 Universal Logistics 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
0.15
Dividend Share
0.42
Earnings Share
4.98
Revenue Per Share
67.353
Quarterly Revenue Growth
0.013
The market value of Universal Logistics is measured differently than its book value, which is the value of Universal that is recorded on the company's balance sheet. Investors also form their own opinion of Universal Logistics' value that differs from its market value or its book value, called intrinsic value, which is Universal Logistics' 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 Universal Logistics' market value can be influenced by many factors that don't directly affect Universal Logistics' 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 Universal Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Universal Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Universal Logistics' 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.