SkyWest Retained Earnings vs Common Stock Analysis
| SKYW Stock | USD 73.66 0.52 0.71% |
SkyWest financial indicator trend analysis is much more than just breaking down SkyWest prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SkyWest is a good investment. Please check the relationship between SkyWest Retained Earnings and its Common Stock accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SkyWest. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.
Retained Earnings vs Common Stock
Retained Earnings vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SkyWest Retained Earnings account and Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between SkyWest's Retained Earnings and Common Stock is 0.6. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock in the same time period over historical financial statements of SkyWest, assuming nothing else is changed. The correlation between historical values of SkyWest's Retained Earnings and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of SkyWest are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Retained Earnings i.e., SkyWest's Retained Earnings and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.6 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
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.Common Stock
Most indicators from SkyWest's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SkyWest 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 SkyWest. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.At this time, SkyWest's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 3.1 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 8.45 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 123.1M | 127.1M | 132.4M | 139.1M | Depreciation And Amortization | 440.2M | 394.6M | 383.1M | 402.3M |
SkyWest fundamental ratios Correlations
Click cells to compare fundamentals
SkyWest Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SkyWest fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 6.7B | 6.9B | 7.1B | 7.4B | 7.5B | 7.8B | |
| Short Long Term Debt Total | 3.0B | 3.2B | 3.1B | 3.4B | 3.1B | 3.2B | |
| Other Current Liab | 560.6M | 539.6M | 802.8M | 271.2M | 259.8M | 177.6M | |
| Total Current Liabilities | 924.7M | 941.7M | 1.2B | 1.2B | 1.3B | 1.3B | |
| Total Stockholder Equity | 2.2B | 2.1B | 2.3B | 2.3B | 2.1B | 2.2B | |
| Property Plant And Equipment Net | 5.4B | 5.4B | 5.5B | 5.5B | 5.6B | 5.8B | |
| Net Debt | 2.9B | 3.0B | 2.9B | 3.3B | 2.9B | 3.1B | |
| Retained Earnings | 2.1B | 2.1B | 2.2B | 2.2B | 2.3B | 2.4B | |
| Cash | 87.2M | 215.7M | 258.4M | 103.0M | 148.3M | 161.3M | |
| Non Current Assets Total | 5.9B | 5.9B | 6.1B | 6.0B | 6.3B | 6.7B | |
| Non Currrent Assets Other | (121.5M) | 536.7M | (104.5M) | 471.0M | 293.5M | 308.2M | |
| Cash And Short Term Investments | 520.2M | 825.9M | 860.4M | 1.0B | 835.2M | 437.8M | |
| Net Receivables | 94.1M | 38.4M | 65.3M | 100.5M | 84.1M | 52.7M | |
| Common Stock Shares Outstanding | 51.4M | 50.2M | 50.8M | 50.6M | 44.6M | 51.4M | |
| Liabilities And Stockholders Equity | 6.7B | 6.9B | 7.1B | 7.4B | 7.5B | 7.8B | |
| Non Current Liabilities Total | 3.6B | 3.8B | 3.7B | 3.9B | 4.1B | 4.3B | |
| Inventory | 110.5M | 91.2M | 104.1M | 123.2M | 127.1M | 66.6M | |
| Other Current Assets | 240.2M | 156.9M | 208.2M | 324.1M | 85.5M | 125.6M | |
| Other Stockholder Equity | (591.0M) | (617.1M) | (618.7M) | (619.9M) | (912.4M) | (866.8M) | |
| Total Liab | 4.5B | 4.7B | 4.9B | 5.1B | 5.4B | 5.6B | |
| Property Plant And Equipment Gross | 5.7B | 5.6B | 8.2B | 8.4B | 8.8B | 9.2B | |
| Total Current Assets | 760.3M | 982.8M | 1.1B | 1.4B | 1.1B | 715.2M | |
| Accumulated Other Comprehensive Income | (32K) | (2.0B) | 0.0 | (3.8M) | 325K | 341.3K | |
| Short Term Debt | 364.1M | 402.2M | 391.8M | 438.5M | 463.2M | 486.4M | |
| Accounts Payable | 284.5M | 278.7M | 496.3M | 422.0M | 470.3M | 493.8M | |
| Common Stock Total Equity | 686.8M | 704.7M | 722.3M | 734.4M | 844.6M | 491.0M | |
| Short Term Investments | 433.0M | 610.2M | 602.0M | 944.2M | 686.9M | 418.2M | |
| Common Stock | 686.8M | 704.7M | 722.3M | 734.4M | 754.4M | 432.4M | |
| Other Assets | 191.1M | 574.4M | 683.7M | 340.2M | 391.2M | 410.8M | |
| Long Term Debt | 2.6B | 2.8B | 2.7B | 2.9B | 2.6B | 1.8B | |
| Property Plant Equipment | 5.4B | 5.4B | 5.4B | 5.5B | 6.4B | 6.7B | |
| Other Liab | 669.2M | 1.0B | 946.4M | 864.0M | 993.6M | 1.0B | |
| Current Deferred Revenue | (284.5M) | (278.7M) | (496.3M) | 40.8M | 61M | 64.1M | |
| Net Tangible Assets | 2.4B | 2.3B | 2.3B | 2.4B | 2.8B | 2.0B | |
| Retained Earnings Total Equity | 2.1B | 2.1B | 2.2B | 2.2B | 2.6B | 1.7B | |
| Long Term Debt Total | 2.6B | 2.8B | 2.7B | 2.9B | 3.4B | 2.4B | |
| Deferred Long Term Liab | 623.6M | 625.9M | 663.2M | 687.1M | 618.4M | 542.3M | |
| Non Current Liabilities Other | 45.6M | 173.0M | 946.4M | 952.6M | 341.3M | 246.1M |
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When determining whether SkyWest is a strong investment it is important to analyze SkyWest's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SkyWest's future performance. For an informed investment choice regarding SkyWest Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SkyWest. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy SkyWest Stock please use our How to Invest in SkyWest guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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When running SkyWest's price analysis, check to measure SkyWest'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 SkyWest is operating at the current time. Most of SkyWest's value examination focuses on studying past and present price action to predict the probability of SkyWest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SkyWest's price. Additionally, you may evaluate how the addition of SkyWest to your portfolios can decrease your overall portfolio volatility.
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Is SkyWest's industry 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 SkyWest. If investors know SkyWest 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 SkyWest 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 (0.42) | Earnings Share 0.77 | Revenue Per Share 73.133 | Quarterly Revenue Growth 0.162 | Return On Assets 0.0185 |
The market value of SkyWest is measured differently than its book value, which is the value of SkyWest that is recorded on the company's balance sheet. Investors also form their own opinion of SkyWest's value that differs from its market value or its book value, called intrinsic value, which is SkyWest'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 SkyWest's market value can be influenced by many factors that don't directly affect SkyWest'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 SkyWest's value and its price as these two are different measures arrived at by different means. Investors typically determine if SkyWest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SkyWest'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.