Ross Inventory from 2010 to 2024
| ROST Stock | USD 132.33 2.01 1.50% |
Inventory | First Reported 1986-01-31 | Previous Quarter 2.6 B | Current Value 2.2 B | Quarterly Volatility 643 M |
Check Ross Stores financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ross main balance sheet or income statement drivers, such as Depreciation And Amortization of 440.4 M, Interest Expense of 77.8 M or Total Revenue of 21.4 B, as well as many exotic indicators such as Price To Sales Ratio of 1.72, Dividend Yield of 0.0089 or PTB Ratio of 8.32. Ross financial statements analysis is a perfect complement when working with Ross Stores Valuation or Volatility modules.
Ross | Inventory |
Latest Ross Stores' Inventory Growth Pattern
Below is the plot of the Inventory of Ross Stores over the last few years. It is Ross Stores' Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Ross Stores' overall financial position and show how it may be relating to other accounts over time.
| Inventory | 10 Years Trend |
|
Inventory |
| Timeline |
Ross Inventory Regression Statistics
| Arithmetic Mean | 1,569,882,933 | |
| Geometric Mean | 1,379,239,490 | |
| Coefficient Of Variation | 35.17 | |
| Mean Deviation | 402,020,596 | |
| Median | 1,512,886,000 | |
| Standard Deviation | 552,079,412 | |
| Sample Variance | 304791.7T | |
| Range | 2.2B | |
| R-Value | 0.90 | |
| Mean Square Error | 62283.8T | |
| R-Squared | 0.81 | |
| Slope | 111,120,807 | |
| Total Sum of Squares | 4267083.5T |
Ross Inventory History
Other Fundumenentals of Ross Stores
About Ross Stores Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Ross Stores income statement, its balance sheet, and the statement of cash flows. Ross Stores investors use historical funamental indicators, such as Ross Stores's Inventory, to determine how well the company is positioned to perform in the future. Although Ross Stores investors may use each financial statement separately, they are all related. The changes in Ross Stores's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ross Stores's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Ross Stores Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Ross Stores. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Inventory | 2.2 B | 2.3 B | |
| Change To Inventory | -168.7 M | -160.3 M | |
| Inventory Turnover | 6.75 | 5.78 | |
| Days Of Inventory On Hand | 54.06 | 63.12 | |
| Average Inventory | 0.00 | 0.00 | |
| Days Of Inventory Outstanding | 54.06 | 63.12 |
Pair Trading with Ross Stores
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 Ross Stores 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 Ross Stores will appreciate offsetting losses from the drop in the long position's value.Moving together with Ross Stock
| 0.93 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
| 0.83 | LL | LL Flooring Holdings | PairCorr |
Moving against Ross Stock
| 0.73 | JD | JD Inc Adr | PairCorr |
| 0.66 | TLF | Tandy Leather Factory | PairCorr |
| 0.45 | GPC | Genuine Parts | PairCorr |
The ability to find closely correlated positions to Ross Stores could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ross Stores 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 Ross Stores - 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 Ross Stores to buy it.
The correlation of Ross Stores 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 Ross Stores moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ross Stores 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 Ross Stores 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.Check out the analysis of Ross Stores Correlation against competitors. For more information on how to buy Ross Stock please use our How to Invest in Ross Stores guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Ross Stock analysis
When running Ross Stores' price analysis, check to measure Ross Stores' 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 Ross Stores is operating at the current time. Most of Ross Stores' value examination focuses on studying past and present price action to predict the probability of Ross Stores' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ross Stores' price. Additionally, you may evaluate how the addition of Ross Stores to your portfolios can decrease your overall portfolio volatility.
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Is Ross Stores' 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 Ross Stores. If investors know Ross 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 Ross Stores 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 0.401 | Dividend Share 1.34 | Earnings Share 5.56 | Revenue Per Share 60.793 | Quarterly Revenue Growth 0.155 |
The market value of Ross Stores is measured differently than its book value, which is the value of Ross that is recorded on the company's balance sheet. Investors also form their own opinion of Ross Stores' value that differs from its market value or its book value, called intrinsic value, which is Ross Stores' 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 Ross Stores' market value can be influenced by many factors that don't directly affect Ross Stores' 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 Ross Stores' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ross Stores is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ross Stores' 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.