Costco Property Plant Equipment vs Net Receivables Analysis

COST Stock  USD 729.18  7.32  1.01%   
Costco Wholesale financial indicator trend analysis is way more than just evaluating Costco Wholesale Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Costco Wholesale Corp is a good investment. Please check the relationship between Costco Wholesale Property Plant Equipment and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costco Wholesale Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

Property Plant Equipment vs Net Receivables

Property Plant Equipment vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Costco Wholesale Corp Property Plant Equipment account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Costco Wholesale's Property Plant Equipment and Net Receivables is 0.81. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Costco Wholesale Corp, assuming nothing else is changed. The correlation between historical values of Costco Wholesale's Property Plant Equipment and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Costco Wholesale Corp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Property Plant Equipment i.e., Costco Wholesale's Property Plant Equipment and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Property Plant Equipment

Net Receivables

Most indicators from Costco Wholesale's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Costco Wholesale 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 Costco Wholesale Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Tax Provision is likely to drop to about 1.7 B in 2024. Selling General Administrative is likely to drop to about 18.4 B in 2024
 2021 2022 2023 2024 (projected)
Gross Profit27.6B29.7B34.2B35.9B
Total Revenue227.0B242.3B278.6B292.6B

Costco Wholesale fundamental ratios Correlations

0.920.371.00.981.0-0.710.970.971.00.920.980.980.660.930.99-0.180.951.01.00.20.631.00.330.170.83
0.920.30.920.840.93-0.480.810.90.930.850.90.880.640.990.9-0.330.910.950.910.190.610.930.280.380.79
0.370.30.360.380.37-0.160.350.280.360.220.30.420.450.340.440.50.40.360.38-0.630.440.380.38-0.250.0
1.00.920.360.970.99-0.70.960.961.00.920.960.980.640.920.99-0.220.940.990.990.230.610.990.30.180.83
0.980.840.380.970.97-0.790.990.960.970.890.970.960.650.850.96-0.080.920.960.980.180.630.960.380.040.79
1.00.930.370.990.97-0.660.950.951.00.90.960.980.70.930.99-0.20.970.990.990.210.680.990.360.220.83
-0.71-0.48-0.16-0.7-0.79-0.66-0.82-0.8-0.68-0.72-0.8-0.63-0.24-0.51-0.65-0.13-0.53-0.66-0.73-0.08-0.2-0.69-0.120.11-0.67
0.970.810.350.960.990.95-0.820.960.960.910.960.940.560.820.95-0.110.870.940.970.190.540.950.32-0.010.79
0.970.90.280.960.960.95-0.80.960.960.921.00.910.540.910.93-0.170.870.960.980.170.510.960.240.190.87
1.00.930.361.00.971.0-0.680.960.960.920.960.980.670.940.99-0.210.951.00.990.210.640.990.320.20.83
0.920.850.220.920.890.9-0.720.910.920.920.90.870.380.880.9-0.320.770.930.920.280.330.920.020.110.79
0.980.90.30.960.970.96-0.80.961.00.960.90.930.590.90.94-0.140.890.960.980.160.560.960.310.170.86
0.980.880.420.980.960.98-0.630.940.910.980.870.930.710.890.99-0.190.950.970.980.220.680.980.40.130.78
0.660.640.450.640.650.7-0.240.560.540.670.380.590.710.630.680.130.830.650.640.050.970.650.820.170.38
0.930.990.340.920.850.93-0.510.820.910.940.880.90.890.630.92-0.280.90.950.920.150.60.940.250.350.78
0.990.90.440.990.960.99-0.650.950.930.990.90.940.990.680.92-0.190.950.990.980.20.650.990.340.140.77
-0.18-0.330.5-0.22-0.08-0.2-0.13-0.11-0.17-0.21-0.32-0.14-0.190.13-0.28-0.19-0.15-0.24-0.16-0.780.14-0.180.29-0.32-0.35
0.950.910.40.940.920.97-0.530.870.870.950.770.890.950.830.90.95-0.150.940.930.190.820.940.50.290.76
1.00.950.360.990.960.99-0.660.940.961.00.930.960.970.650.950.99-0.240.940.990.210.611.00.290.220.83
1.00.910.380.990.980.99-0.730.970.980.990.920.980.980.640.920.98-0.160.930.990.180.610.990.330.140.82
0.20.19-0.630.230.180.21-0.080.190.170.210.280.160.220.050.150.2-0.780.190.210.180.040.19-0.090.130.27
0.630.610.440.610.630.68-0.20.540.510.640.330.560.680.970.60.650.140.820.610.610.040.620.780.20.35
1.00.930.380.990.960.99-0.690.950.960.990.920.960.980.650.940.99-0.180.941.00.990.190.620.30.190.81
0.330.280.380.30.380.36-0.120.320.240.320.020.310.40.820.250.340.290.50.290.33-0.090.780.3-0.180.09
0.170.38-0.250.180.040.220.11-0.010.190.20.110.170.130.170.350.14-0.320.290.220.140.130.20.19-0.180.5
0.830.790.00.830.790.83-0.670.790.870.830.790.860.780.380.780.77-0.350.760.830.820.270.350.810.090.5
Click cells to compare fundamentals

Costco Wholesale Account Relationship Matchups

Costco Wholesale fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets55.6B59.3B64.2B69.0B79.3B83.3B
Short Long Term Debt Total10.2B10.1B9.0B8.9B10.2B10.7B
Other Current Liab3.7B4.6B11.9B6.3B7.2B7.6B
Total Current Liabilities24.8B29.4B32.0B33.6B38.6B40.6B
Total Stockholder Equity18.3B17.6B20.6B25.1B28.8B30.3B
Property Plant And Equipment Net24.6B26.4B27.4B29.4B33.8B35.5B
Net Debt(2.1B)(1.1B)(1.2B)(4.8B)(4.3B)(4.1B)
Retained Earnings12.9B11.7B15.6B19.5B22.4B23.6B
Cash12.3B11.3B10.2B13.7B15.8B16.5B
Non Current Assets Total27.4B29.8B31.5B33.1B38.1B40.0B
Non Currrent Assets Other2.8B3.4B4.1B3.7B4.3B4.5B
Cash And Short Term Investments13.3B12.2B11.0B15.2B17.5B18.4B
Net Receivables1.6B1.8B2.2B2.3B2.6B2.8B
Common Stock Shares Outstanding443.9M444.3M444.8M444.5M511.1M442.2M
Liabilities And Stockholders Equity55.6B59.3B64.2B69.0B79.3B83.3B
Non Current Liabilities Total12.0B11.7B11.5B10.4B11.9B12.5B
Inventory12.2B14.2B17.9B16.7B19.1B20.1B
Other Current Assets1.0B1.3B1.5B1.7B2.0B1.2B
Other Stockholder Equity6.7B7.0B6.9B7.3B8.4B8.9B
Total Liab36.9B41.2B43.5B43.9B50.5B53.1B
Total Current Assets28.1B29.5B32.7B35.9B41.3B43.3B
Accumulated Other Comprehensive Income(1.3B)(1.1B)(1.8B)(1.8B)(1.6B)(1.5B)
Short Term Debt95M799M73M1.1B1.2B1.3B
Accounts Payable14.2B16.3B17.8B17.5B20.1B21.1B
Short Term Investments1.0B917M846M1.5B1.8B1.0B
Current Deferred Revenue6.8B7.8B2.2B8.8B10.1B10.6B
Good Will988M940M993M994M1.1B574.2M
Other Assets978M1.1B4.1B1.4B1.6B1.6B
Long Term Debt7.5B6.7B6.5B5.4B4.8B5.1B
Long Term Debt Total8.2B7.7B6.5B6.7B7.7B7.5B
Capital Surpluse6.7B7.0B6.9B7.3B8.4B7.3B
Cash And Equivalents12.3B11.3B10.2B13.7B15.8B10.4B
Property Plant Equipment25.2B27.4B27.4B30.7B35.3B26.6B
Other Liab1.3B1.4B2.6B1.2B1.4B1.6B
Net Tangible Assets17.3B16.6B20.6B24.1B27.7B19.5B
Net Invested Capital25.9B25.1B27.2B31.5B36.2B27.7B
Non Current Liabilities Other1.9B2.4B2.6B2.6B2.9B2.2B
Net Working Capital3.3B64M698M2.3B2.6B2.8B
Short Long Term Debt95M799M73M1.1B972.9M599.5M

Costco Wholesale Investors Sentiment

The influence of Costco Wholesale's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Costco. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Costco Wholesale's public news can be used to forecast risks associated with an investment in Costco. The trend in average sentiment can be used to explain how an investor holding Costco can time the market purely based on public headlines and social activities around Costco Wholesale Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Costco Wholesale's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Costco Wholesale's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Costco Wholesale's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Costco Wholesale.

Costco Wholesale Implied Volatility

    
  13.31  
Costco Wholesale's implied volatility exposes the market's sentiment of Costco Wholesale Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Costco Wholesale's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Costco Wholesale stock will not fluctuate a lot when Costco Wholesale's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Costco Wholesale in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Costco Wholesale's short interest history, or implied volatility extrapolated from Costco Wholesale options trading.

Pair Trading with Costco Wholesale

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 Costco Wholesale 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 Costco Wholesale will appreciate offsetting losses from the drop in the long position's value.

Moving against Costco Stock

  0.51IH IhumanIncPairCorr
  0.5IMKTA Ingles Markets rporated Earnings Call This WeekPairCorr
  0.45ACI Albertsons Companies Financial Report 23rd of July 2024 PairCorr
  0.45FC Franklin Covey Financial Report 26th of June 2024 PairCorr
The ability to find closely correlated positions to Costco Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Costco Wholesale 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 Costco Wholesale - 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 Costco Wholesale Corp to buy it.
The correlation of Costco Wholesale 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 Costco Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Costco Wholesale Corp 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 Costco Wholesale 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.
Pair CorrelationCorrelation Matching
When determining whether Costco Wholesale Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Costco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Costco Wholesale Corp Stock. Highlighted below are key reports to facilitate an investment decision about Costco Wholesale Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costco Wholesale Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary Tools for Costco Stock analysis

When running Costco Wholesale's price analysis, check to measure Costco Wholesale'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 Costco Wholesale is operating at the current time. Most of Costco Wholesale's value examination focuses on studying past and present price action to predict the probability of Costco Wholesale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Costco Wholesale's price. Additionally, you may evaluate how the addition of Costco Wholesale to your portfolios can decrease your overall portfolio volatility.
Transaction History
View history of all your transactions and understand their impact on performance
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Bonds Directory
Find actively traded corporate debentures issued by US companies
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Is Costco Wholesale'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 Costco Wholesale. If investors know Costco 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 Costco Wholesale 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
0.188
Dividend Share
4.08
Earnings Share
15.27
Revenue Per Share
560.607
Quarterly Revenue Growth
0.057
The market value of Costco Wholesale Corp is measured differently than its book value, which is the value of Costco that is recorded on the company's balance sheet. Investors also form their own opinion of Costco Wholesale's value that differs from its market value or its book value, called intrinsic value, which is Costco Wholesale'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 Costco Wholesale's market value can be influenced by many factors that don't directly affect Costco Wholesale'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 Costco Wholesale's value and its price as these two are different measures arrived at by different means. Investors typically determine if Costco Wholesale is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Costco Wholesale'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.