Rush Income Before Tax vs Non Operating Income Net Other Analysis
RUSHB Stock | USD 54.33 0.35 0.64% |
Rush Enterprises financial indicator trend analysis is much more than just breaking down Rush Enterprises B prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rush Enterprises B is a good investment. Please check the relationship between Rush Enterprises Income Before Tax and its Non Operating Income Net Other accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rush Enterprises B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
Income Before Tax vs Non Operating Income Net Other
Income Before Tax vs Non Operating Income Net Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rush Enterprises B Income Before Tax account and Non Operating Income Net Other. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Rush Enterprises' Income Before Tax and Non Operating Income Net Other is 0.93. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Non Operating Income Net Other in the same time period over historical financial statements of Rush Enterprises B, assuming nothing else is changed. The correlation between historical values of Rush Enterprises' Income Before Tax and Non Operating Income Net Other 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 Rush Enterprises B are associated (or correlated) with its Non Operating Income Net Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Operating Income Net Other has no effect on the direction of Income Before Tax i.e., Rush Enterprises' Income Before Tax and Non Operating Income Net Other go up and down completely randomly.
Correlation Coefficient | 0.93 |
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 Rush Enterprises income statement and is an important metric when analyzing Rush Enterprises B 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.Non Operating Income Net Other
Most indicators from Rush Enterprises' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rush Enterprises B 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rush Enterprises B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. At present, Rush Enterprises' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 123.1 M, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.10.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.8M | 19.1M | 53.7M | 56.4M | Depreciation And Amortization | 169.5M | 199.1M | 221.1M | 232.2M |
Rush Enterprises fundamental ratios Correlations
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Rush Enterprises Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Rush Enterprises fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 84.5M | 84.4M | 86.8M | 85.7M | 83.7M | 76.2M | |
Total Assets | 3.4B | 3.0B | 3.1B | 3.8B | 4.4B | 4.6B | |
Short Long Term Debt Total | 1.8B | 1.2B | 1.2B | 1.4B | 1.8B | 1.9B | |
Other Current Liab | 112.4M | 82.0M | 57.8M | 80.2M | 65.4M | 66.8M | |
Total Current Liabilities | 1.5B | 1.0B | 1.0B | 1.4B | 1.7B | 1.8B | |
Total Stockholder Equity | 1.2B | 1.3B | 1.5B | 1.7B | 1.9B | 2.0B | |
Property Plant And Equipment Net | 1.3B | 1.3B | 1.3B | 1.5B | 1.6B | 1.7B | |
Net Debt | 1.6B | 907.9M | 1.0B | 1.2B | 1.6B | 1.7B | |
Retained Earnings | 1.1B | 831.9M | 1.0B | 1.4B | 1.5B | 1.5B | |
Accounts Payable | 133.7M | 110.7M | 122.3M | 171.7M | 162.1M | 170.2M | |
Cash | 181.6M | 312.0M | 148.1M | 201.0M | 183.7M | 134.0M | |
Non Current Assets Total | 1.7B | 1.6B | 1.8B | 2.0B | 2.1B | 2.2B | |
Non Currrent Assets Other | 65.5M | 71.2M | (186.2M) | (92.3M) | 75.0M | 78.7M | |
Cash And Short Term Investments | 181.6M | 312.0M | 148.1M | 201.0M | 183.7M | 134.3M | |
Net Receivables | 183.7M | 172.5M | 140.2M | 220.7M | 259.4M | 272.3M | |
Liabilities And Stockholders Equity | 3.4B | 3.0B | 3.1B | 3.8B | 4.4B | 4.6B | |
Non Current Liabilities Total | 740.4M | 690.6M | 649.7M | 629.4M | 800.5M | 840.5M | |
Inventory | 1.3B | 858.3M | 1.0B | 1.4B | 1.8B | 1.9B | |
Other Current Assets | 20.7M | 29.8M | 32.0M | 16.6M | 15.8M | 14.0M | |
Other Stockholder Equity | 93.1M | 434.8M | 433.8M | 369.7M | 422.2M | 257.0M | |
Total Liab | 2.2B | 1.7B | 1.7B | 2.1B | 2.5B | 2.6B | |
Property Plant And Equipment Gross | 1.3B | 1.3B | 1.3B | 1.5B | 2.5B | 2.6B | |
Total Current Assets | 1.7B | 1.4B | 1.3B | 1.9B | 2.3B | 2.4B | |
Accumulated Other Comprehensive Income | 337K | 869K | 787K | (4.1M) | (2.2M) | (2.3M) | |
Short Term Debt | 1.2B | 726.6M | 708.3M | 1.0B | 1.2B | 1.3B | |
Common Stock Total Equity | 465K | 551K | 563K | 572K | 657.8K | 382.5K | |
Common Stock | 465K | 551K | 563K | 572K | 806K | 846.3K | |
Current Deferred Revenue | 42.7M | 74.2M | 80.6M | 116.2M | 145.3M | 152.6M | |
Other Assets | 23.9M | 71.2M | 99.7M | 49.2M | 56.6M | 29.5M | |
Long Term Debt | 438.4M | 388.0M | 334.9M | 275.4M | 414.0M | 351.6M | |
Retained Earnings Total Equity | 1.1B | 831.9M | 1.0B | 1.4B | 1.6B | 1.7B | |
Deferred Long Term Liab | 164.3M | 126.4M | 140.5M | 152.0M | 174.8M | 130.3M | |
Treasury Stock | (304.1M) | (2.9M) | (36.9M) | (130.9M) | (117.8M) | (123.7M) | |
Intangible Assets | 65.5M | 71.2M | 99.7M | 16.5M | 12.3M | 11.7M | |
Property Plant Equipment | 1.3B | 1.2B | 1.3B | 1.4B | 1.6B | 987.7M | |
Other Liab | 185.0M | 160.7M | 167.0M | 171.4M | 154.3M | 137.1M | |
Net Tangible Assets | 984.4M | 1.4B | 1.1B | 1.5B | 1.7B | 1.1B | |
Long Term Debt Total | 438.4M | 388.0M | 334.9M | 275.4M | 247.9M | 359.2M | |
Capital Surpluse | 397.3M | 437.6M | 470.8M | 500.6M | 575.7M | 414.9M |
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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 Rush Enterprises B offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Rush Enterprises' 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 Rush Enterprises B Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rush Enterprises B Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rush Enterprises B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Trading Companies & Distributors 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 Rush Enterprises. If investors know Rush 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 Rush Enterprises 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 0.01 | Dividend Share 0.69 | Earnings Share 3.77 | Revenue Per Share 99.014 | Quarterly Revenue Growth (0.04) |
The market value of Rush Enterprises B is measured differently than its book value, which is the value of Rush that is recorded on the company's balance sheet. Investors also form their own opinion of Rush Enterprises' value that differs from its market value or its book value, called intrinsic value, which is Rush Enterprises' 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 Rush Enterprises' market value can be influenced by many factors that don't directly affect Rush Enterprises' 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 Rush Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if Rush Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rush Enterprises' 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.