Dollar Property Plant Equipment vs Net Invested Capital Analysis
DG Stock | USD 140.31 2.38 1.73% |
Dollar General financial indicator trend analysis is much more than just examining Dollar General latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dollar General is a good investment. Please check the relationship between Dollar General Property Plant Equipment and its Net Invested Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar General. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in Dollar Stock please use our How to Invest in Dollar General guide.
Property Plant Equipment vs Net Invested Capital
Property Plant Equipment vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dollar General Property Plant Equipment account and Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Dollar General's Property Plant Equipment and Net Invested Capital is 0.94. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Dollar General, assuming nothing else is changed. The correlation between historical values of Dollar General's Property Plant Equipment and Net Invested Capital 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 Dollar General are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Property Plant Equipment i.e., Dollar General's Property Plant Equipment and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant Equipment
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from Dollar General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dollar General 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar General. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in Dollar Stock please use our How to Invest in Dollar General guide.At this time, Dollar General's Enterprise Value Multiple is most likely to increase significantly in the upcoming years. The Dollar General's current Enterprise Value is estimated to increase to about 9.5 B, while Selling General Administrative is projected to decrease to roughly 5.1 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 10.8B | 11.8B | 11.7B | 12.3B | Total Revenue | 34.2B | 37.8B | 38.7B | 40.6B |
Dollar General fundamental ratios Correlations
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Dollar General Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dollar General fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 22.8B | 25.9B | 26.3B | 29.1B | 33.7B | 35.4B | |
Short Long Term Debt Total | 11.7B | 13.6B | 14.2B | 17.7B | 18.1B | 19.0B | |
Other Current Liab | 717.5M | 1.0B | 1.1B | (15.1M) | 971.9M | 1.0B | |
Total Current Liabilities | 4.5B | 5.7B | 6.0B | 5.9B | 6.7B | 7.1B | |
Total Stockholder Equity | 6.7B | 6.7B | 6.3B | 5.5B | 6.7B | 7.1B | |
Property Plant And Equipment Net | 12.1B | 13.4B | 14.4B | 15.9B | 17.2B | 18.0B | |
Net Debt | 11.5B | 12.2B | 13.9B | 17.3B | 17.6B | 18.4B | |
Retained Earnings | 3.2B | 3.0B | 2.5B | 1.7B | 2.8B | 2.9B | |
Cash | 240.3M | 1.4B | 344.8M | 381.6M | 537.3M | 564.1M | |
Non Current Assets Total | 17.6B | 18.9B | 20.0B | 21.5B | 25.7B | 27.0B | |
Non Currrent Assets Other | 34.1M | 36.6M | 46.1M | (1.0B) | (5.3M) | (5.0M) | |
Cash And Short Term Investments | 240.3M | 1.4B | 344.8M | 381.6M | 537.3M | 564.1M | |
Common Stock Shares Outstanding | 258.1M | 250.1M | 235.8M | 226.3M | 219.9M | 240.6M | |
Liabilities And Stockholders Equity | 22.8B | 25.9B | 26.3B | 29.1B | 33.7B | 35.4B | |
Non Current Liabilities Total | 11.6B | 13.5B | 14.1B | 17.7B | 20.3B | 21.3B | |
Inventory | 4.7B | 5.2B | 5.6B | 6.8B | 7.0B | 7.3B | |
Other Current Assets | 184.2M | 199.4M | 247.3M | 302.9M | 366.9M | 385.3M | |
Other Stockholder Equity | 3.3B | 3.4B | 3.6B | 3.7B | 3.8B | 3.9B | |
Total Liab | 16.1B | 19.2B | 20.1B | 23.5B | 27.0B | 28.3B | |
Property Plant And Equipment Gross | 12.1B | 13.4B | 14.4B | 15.9B | 21.7B | 22.8B | |
Total Current Assets | 5.2B | 6.9B | 6.3B | 7.6B | 8.0B | 8.4B | |
Accumulated Other Comprehensive Income | (3.1M) | (2.2M) | (1.2M) | 43K | 493K | 517.7K | |
Short Term Debt | 965.4M | 1.1B | 1.2B | 1.3B | 2.2B | 2.3B | |
Accounts Payable | 2.9B | 3.6B | 3.7B | 3.6B | 3.6B | 3.8B | |
Net Receivables | 76.5M | 90.8M | 97.4M | 135.8M | 112.3M | 117.9M | |
Common Stock Total Equity | 220.4M | 210.7M | 201.3M | 191.7M | 220.5M | 214.4M | |
Common Stock | 220.4M | 210.7M | 201.3M | 191.7M | 192.2M | 214.2M | |
Other Assets | 34.1M | 36.6M | 46.1M | 57.7M | 52.0M | 38.3M | |
Long Term Debt | 2.9B | 4.1B | 4.2B | 7.0B | 6.2B | 6.5B | |
Property Plant Equipment | 3.3B | 13.4B | 4.3B | 15.9B | 18.3B | 19.2B | |
Other Liab | 847.9M | 974.2M | 1.0B | 1.3B | 1.5B | 1.5B | |
Intangible Assets | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B | 983.7M | |
Net Tangible Assets | 9.0B | 1.1B | 9.6B | 9.4B | 10.8B | 11.3B | |
Retained Earnings Total Equity | 3.2B | 3.0B | 2.5B | 1.7B | 1.9B | 2.2B | |
Long Term Debt Total | 2.9B | 4.1B | 4.2B | 7.0B | 8.1B | 8.5B | |
Capital Surpluse | 3.3B | 3.4B | 3.6B | 3.7B | 4.2B | 3.6B | |
Deferred Long Term Liab | 675.2M | 710.5M | 825.3M | 1.1B | 1.2B | 637.0M |
Pair Trading with Dollar General
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 Dollar General 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 Dollar General will appreciate offsetting losses from the drop in the long position's value.Moving together with Dollar Stock
0.8 | TGT | Target Earnings Call Next Week | PairCorr |
0.61 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
Moving against Dollar Stock
0.66 | UG | United Guardian Earnings Call Tomorrow | PairCorr |
0.47 | UL | Unilever PLC ADR | PairCorr |
0.45 | IH | IhumanInc | PairCorr |
The ability to find closely correlated positions to Dollar General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dollar General 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 Dollar General - 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 Dollar General to buy it.
The correlation of Dollar General 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 Dollar General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dollar General 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 Dollar General 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar General. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in Dollar Stock please use our How to Invest in Dollar General guide.Note that the Dollar General information on this page should be used as a complementary analysis to other Dollar General's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Dollar Stock analysis
When running Dollar General's price analysis, check to measure Dollar General'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 Dollar General is operating at the current time. Most of Dollar General's value examination focuses on studying past and present price action to predict the probability of Dollar General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dollar General's price. Additionally, you may evaluate how the addition of Dollar General to your portfolios can decrease your overall portfolio volatility.
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Is Dollar General'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 Dollar General. If investors know Dollar 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 Dollar General 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 (0.39) | Dividend Share 2.36 | Earnings Share 7.55 | Revenue Per Share 176.34 | Quarterly Revenue Growth (0.03) |
The market value of Dollar General is measured differently than its book value, which is the value of Dollar that is recorded on the company's balance sheet. Investors also form their own opinion of Dollar General's value that differs from its market value or its book value, called intrinsic value, which is Dollar General'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 Dollar General's market value can be influenced by many factors that don't directly affect Dollar General'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 Dollar General's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dollar General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dollar General'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.