ArcBest Non Currrent Assets Other vs Retained Earnings Analysis
ARCB Stock | USD 113.05 0.47 0.42% |
ArcBest Corp financial indicator trend analysis is way more than just evaluating ArcBest Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ArcBest Corp is a good investment. Please check the relationship between ArcBest Corp Non Currrent Assets Other and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ArcBest Corp. 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. For information on how to trade ArcBest Stock refer to our How to Trade ArcBest Stock guide.
Non Currrent Assets Other vs Retained Earnings
Non Currrent Assets Other vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ArcBest Corp Non Currrent Assets Other account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.
The correlation between ArcBest Corp's Non Currrent Assets Other and Retained Earnings is 0.73. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of ArcBest Corp, assuming nothing else is changed. The correlation between historical values of ArcBest Corp's Non Currrent Assets Other and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of ArcBest Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Currrent Assets Other i.e., ArcBest Corp's Non Currrent Assets Other and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.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.Most indicators from ArcBest Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ArcBest Corp 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 ArcBest Corp. 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. For information on how to trade ArcBest Stock refer to our How to Trade ArcBest Stock guide.At present, ArcBest Corp's Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 9.42, whereas Selling General Administrative is forecasted to decline to about 20.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 3.3B | 4.7B | 4.4B | 4.6B | EBITDA | 410.3M | 534.2M | 172.6M | 181.2M |
ArcBest Corp fundamental ratios Correlations
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ArcBest Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ArcBest Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 1.8B | 2.1B | 2.5B | 2.5B | 2.6B | |
Short Long Term Debt Total | 396.1M | 403.5M | 337.1M | 438.7M | 437.7M | 459.6M | |
Other Current Liab | 231.8M | 225.3M | 283.1M | 363.3M | 378.0M | 194.3M | |
Total Current Liabilities | 444.3M | 506.5M | 702.7M | 768.5M | 701.6M | 352.4M | |
Total Stockholder Equity | 763.0M | 828.6M | 929.1M | 1.2B | 1.2B | 1.3B | |
Property Plant And Equipment Net | 752.1M | 793.9M | 802.6M | 977.0M | 1.1B | 1.1B | |
Net Debt | 194.2M | 99.6M | 260.5M | 280.3M | 175.5M | 184.3M | |
Retained Earnings | 533.2M | 595.9M | 801.3M | 1.1B | 1.3B | 1.3B | |
Accounts Payable | 134.4M | 170.9M | 311.4M | 269.9M | 214.0M | 224.7M | |
Cash | 201.9M | 304.0M | 76.6M | 158.4M | 262.2M | 275.3M | |
Non Current Assets Total | 986.8M | 1.0B | 1.3B | 1.5B | 1.6B | 1.7B | |
Non Currrent Assets Other | 77.4M | 74.5M | 96.9M | 94.4M | 95.1M | 64.9M | |
Cash And Short Term Investments | 318.5M | 369.4M | 125.0M | 326.0M | 330.1M | 346.6M | |
Net Receivables | 310.8M | 335.2M | 595.4M | 528.5M | 482.2M | 506.4M | |
Common Stock Shares Outstanding | 26.5M | 26.4M | 26.8M | 25.5M | 24.6M | 26.4M | |
Liabilities And Stockholders Equity | 1.7B | 1.8B | 2.1B | 2.5B | 2.5B | 2.6B | |
Non Current Liabilities Total | 443.9M | 443.9M | 480.9M | 574.4M | 541.2M | 277.4M | |
Inventory | 30.4M | 37.8M | 40.1M | 40.2M | 24.3M | 23.1M | |
Other Current Assets | 4.7M | 53.6M | 55.7M | 135.3M | 48.2M | 50.6M | |
Other Stockholder Equity | 229.4M | 231.2M | 123.8M | 55.3M | (34.8M) | (33.1M) | |
Total Liab | 888.2M | 950.4M | 1.2B | 1.3B | 1.2B | 629.9M | |
Property Plant And Equipment Gross | 752.1M | 793.9M | 1.8B | 2.0B | 2.3B | 2.4B | |
Total Current Assets | 664.4M | 758.2M | 776.1M | 989.8M | 884.8M | 443.1M | |
Accumulated Other Comprehensive Income | 203K | 1.2M | 3.7M | 7.1M | 4.3M | 4.5M | |
Short Term Debt | 77.6M | 110.1M | 96.1M | 118.7M | 99.1M | 104.1M | |
Intangible Assets | 58.8M | 55.0M | 126.6M | 113.8M | 101.2M | 59.0M | |
Common Stock Total Equity | 288K | 290K | 294K | 298K | 342.7K | 279.8K | |
Common Stock | 288K | 290K | 294K | 298K | 300K | 281.5K | |
Other Liab | 124.8M | 128.9M | 217.2M | 228.2M | 262.4M | 275.6M | |
Other Assets | 87.6M | 198.8M | 107.1M | 79.8M | 91.7M | 80.4M | |
Long Term Debt | 266.2M | 217.1M | 174.9M | 198.4M | 162.0M | 119.1M | |
Property Plant Equipment | 683.6M | 678.7M | 802.6M | 810.5M | 932.1M | 536.7M | |
Current Deferred Revenue | 10.1M | 500K | 6.2M | 6.3M | 1.0 | 0.95 | |
Short Term Investments | 116.6M | 65.4M | 48.3M | 167.7M | 67.8M | 62.3M | |
Net Tangible Assets | 668.2M | 783.1M | 502.2M | 880.1M | 1.0B | 586.1M | |
Retained Earnings Total Equity | 533.2M | 595.9M | 801.3M | 1.1B | 1.3B | 1.3B | |
Long Term Debt Total | 266.2M | 217.1M | 174.9M | 198.4M | 228.1M | 176.1M | |
Capital Surpluse | 333.9M | 342.4M | 318.0M | 339.6M | 390.5M | 345.6M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether ArcBest Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ArcBest Corp'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 Arcbest Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Arcbest Corp Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ArcBest Corp. 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. For information on how to trade ArcBest Stock refer to our How to Trade ArcBest Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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 ArcBest Corp. If investors know ArcBest 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 ArcBest Corp 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 1.98 | Dividend Share 0.48 | Earnings Share 8.23 | Revenue Per Share 180.569 | Quarterly Revenue Growth (0.06) |
The market value of ArcBest Corp is measured differently than its book value, which is the value of ArcBest that is recorded on the company's balance sheet. Investors also form their own opinion of ArcBest Corp's value that differs from its market value or its book value, called intrinsic value, which is ArcBest Corp'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 ArcBest Corp's market value can be influenced by many factors that don't directly affect ArcBest Corp'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 ArcBest Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ArcBest Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ArcBest Corp'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.