Costco Selling General Administrative vs Operating Income 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 Selling General Administrative and its Operating Income 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.
Selling General Administrative vs Operating Income
Selling General Administrative vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Costco Wholesale Corp Selling General Administrative account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Costco Wholesale's Selling General Administrative and Operating Income is 0.87. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Operating Income 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 Selling General Administrative and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Costco Wholesale Corp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Selling General Administrative i.e., Costco Wholesale's Selling General Administrative and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Selling General Administrative
Operating Income
Operating Income is the amount of profit realized from Costco Wholesale Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Costco Wholesale Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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 Profit | 27.6B | 29.7B | 34.2B | 35.9B | Total Revenue | 227.0B | 242.3B | 278.6B | 292.6B |
Costco Wholesale fundamental ratios Correlations
Click cells to compare fundamentals
Costco Wholesale Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Costco Wholesale fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 55.6B | 59.3B | 64.2B | 69.0B | 79.3B | 83.3B | |
Short Long Term Debt Total | 10.2B | 10.1B | 9.0B | 8.9B | 10.2B | 10.7B | |
Other Current Liab | 3.7B | 4.6B | 11.9B | 6.3B | 7.2B | 7.6B | |
Total Current Liabilities | 24.8B | 29.4B | 32.0B | 33.6B | 38.6B | 40.6B | |
Total Stockholder Equity | 18.3B | 17.6B | 20.6B | 25.1B | 28.8B | 30.3B | |
Property Plant And Equipment Net | 24.6B | 26.4B | 27.4B | 29.4B | 33.8B | 35.5B | |
Net Debt | (2.1B) | (1.1B) | (1.2B) | (4.8B) | (4.3B) | (4.1B) | |
Retained Earnings | 12.9B | 11.7B | 15.6B | 19.5B | 22.4B | 23.6B | |
Cash | 12.3B | 11.3B | 10.2B | 13.7B | 15.8B | 16.5B | |
Non Current Assets Total | 27.4B | 29.8B | 31.5B | 33.1B | 38.1B | 40.0B | |
Non Currrent Assets Other | 2.8B | 3.4B | 4.1B | 3.7B | 4.3B | 4.5B | |
Cash And Short Term Investments | 13.3B | 12.2B | 11.0B | 15.2B | 17.5B | 18.4B | |
Net Receivables | 1.6B | 1.8B | 2.2B | 2.3B | 2.6B | 2.8B | |
Common Stock Shares Outstanding | 443.9M | 444.3M | 444.8M | 444.5M | 511.1M | 442.2M | |
Liabilities And Stockholders Equity | 55.6B | 59.3B | 64.2B | 69.0B | 79.3B | 83.3B | |
Non Current Liabilities Total | 12.0B | 11.7B | 11.5B | 10.4B | 11.9B | 12.5B | |
Inventory | 12.2B | 14.2B | 17.9B | 16.7B | 19.1B | 20.1B | |
Other Current Assets | 1.0B | 1.3B | 1.5B | 1.7B | 2.0B | 1.2B | |
Other Stockholder Equity | 6.7B | 7.0B | 6.9B | 7.3B | 8.4B | 8.9B | |
Total Liab | 36.9B | 41.2B | 43.5B | 43.9B | 50.5B | 53.1B | |
Total Current Assets | 28.1B | 29.5B | 32.7B | 35.9B | 41.3B | 43.3B | |
Accumulated Other Comprehensive Income | (1.3B) | (1.1B) | (1.8B) | (1.8B) | (1.6B) | (1.5B) | |
Short Term Debt | 95M | 799M | 73M | 1.1B | 1.2B | 1.3B | |
Accounts Payable | 14.2B | 16.3B | 17.8B | 17.5B | 20.1B | 21.1B | |
Short Term Investments | 1.0B | 917M | 846M | 1.5B | 1.8B | 1.0B | |
Current Deferred Revenue | 6.8B | 7.8B | 2.2B | 8.8B | 10.1B | 10.6B | |
Good Will | 988M | 940M | 993M | 994M | 1.1B | 1.2B | |
Other Assets | 978M | 1.1B | 4.1B | 1.4B | 1.6B | 1.6B | |
Long Term Debt | 7.5B | 6.7B | 6.5B | 5.4B | 4.8B | 5.1B | |
Long Term Debt Total | 8.2B | 7.7B | 6.5B | 6.7B | 7.7B | 7.5B | |
Capital Surpluse | 6.7B | 7.0B | 6.9B | 7.3B | 8.4B | 7.3B | |
Cash And Equivalents | 12.3B | 11.3B | 10.2B | 13.7B | 15.8B | 10.4B | |
Property Plant Equipment | 25.2B | 27.4B | 27.4B | 30.7B | 35.3B | 26.6B | |
Other Liab | 1.3B | 1.4B | 2.6B | 1.2B | 1.4B | 1.6B | |
Net Tangible Assets | 17.3B | 16.6B | 20.6B | 24.1B | 27.7B | 19.5B | |
Net Invested Capital | 25.9B | 25.1B | 27.2B | 31.5B | 36.2B | 27.7B | |
Non Current Liabilities Other | 1.9B | 2.4B | 2.6B | 2.6B | 2.9B | 2.2B | |
Net Working Capital | 3.3B | 64M | 698M | 2.3B | 2.6B | 2.8B | |
Short Long Term Debt | 95M | 799M | 73M | 1.1B | 972.9M | 599.5M |
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
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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.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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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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 15.31 | 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.