Macys Total Operating Expenses vs Other Operating Expenses Analysis

M Stock  USD 19.49  0.13  0.66%   
Macys financial indicator trend analysis is infinitely more than just investigating Macys Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Macys Inc is a good investment. Please check the relationship between Macys Total Operating Expenses and its Other Operating Expenses accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Total Operating Expenses vs Other Operating Expenses

Total Operating Expenses vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Macys Inc Total Operating Expenses account and Other Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Macys' Total Operating Expenses and Other Operating Expenses is 0.98. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Macys Inc, assuming nothing else is changed. The correlation between historical values of Macys' Total Operating Expenses and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Macys Inc are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Total Operating Expenses i.e., Macys' Total Operating Expenses and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Macys Inc. It is also known as Macys overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Macys' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Macys Inc 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
At this time, Macys' Enterprise Value Over EBITDA is very stable compared to the past year. As of the 20th of May 2024, Enterprise Value Multiple is likely to grow to 7.08, while Selling General Administrative is likely to drop about 7.8 B.
 2021 2022 2023 2024 (projected)
Gross Profit10.3B10.0B9.7B9.2B
Total Revenue25.3B25.3B23.9B22.8B

Macys fundamental ratios Correlations

0.8-0.080.940.760.780.630.70.740.550.98-0.270.55-0.80.760.90.960.75-0.160.940.580.930.4-0.70.720.72
0.8-0.050.850.270.880.880.370.650.540.82-0.050.54-0.750.630.930.660.48-0.190.920.690.680.62-0.680.610.61
-0.08-0.05-0.260.11-0.07-0.07-0.32-0.640.02-0.10.610.020.09-0.03-0.08-0.2-0.410.09-0.160.28-0.030.10.220.370.36
0.940.85-0.260.570.850.70.690.870.540.94-0.280.54-0.860.680.890.90.79-0.240.960.610.850.51-0.80.60.6
0.760.270.110.570.410.130.620.410.320.72-0.330.32-0.480.590.420.750.610.050.50.260.750.11-0.340.610.61
0.780.88-0.070.850.410.840.550.720.350.86-0.130.35-0.910.510.780.670.59-0.340.830.830.580.54-0.840.530.53
0.630.88-0.070.70.130.840.410.580.070.730.080.07-0.670.250.780.530.43-0.480.770.720.390.53-0.720.260.26
0.70.37-0.320.690.620.550.410.70.040.74-0.340.04-0.680.240.540.820.8-0.570.620.490.56-0.07-0.80.170.17
0.740.65-0.640.870.410.720.580.70.330.75-0.420.33-0.760.440.670.760.82-0.360.770.340.630.23-0.770.230.23
0.550.540.020.540.320.350.070.040.330.42-0.231.0-0.390.860.570.450.240.430.570.180.720.35-0.160.820.82
0.980.82-0.10.940.720.860.730.740.750.42-0.240.42-0.840.670.890.930.76-0.240.940.680.840.42-0.780.630.63
-0.27-0.050.61-0.28-0.33-0.130.08-0.34-0.42-0.23-0.24-0.230.11-0.43-0.11-0.37-0.36-0.28-0.190.16-0.29-0.060.07-0.19-0.2
0.550.540.020.540.320.350.070.040.331.00.42-0.23-0.390.860.570.450.240.430.570.180.720.35-0.160.820.82
-0.8-0.750.09-0.86-0.48-0.91-0.67-0.68-0.76-0.39-0.840.11-0.39-0.47-0.75-0.75-0.680.44-0.82-0.79-0.64-0.320.93-0.52-0.52
0.760.63-0.030.680.590.510.250.240.440.860.67-0.430.86-0.470.70.670.40.460.710.280.830.42-0.240.860.87
0.90.93-0.080.890.420.780.780.540.670.570.89-0.110.57-0.750.70.840.57-0.220.980.640.820.42-0.70.640.64
0.960.66-0.20.90.750.670.530.820.760.450.93-0.370.45-0.750.670.840.76-0.250.890.50.910.23-0.720.580.58
0.750.48-0.410.790.610.590.430.80.820.240.76-0.360.24-0.680.40.570.76-0.320.680.340.650.2-0.690.30.3
-0.16-0.190.09-0.240.05-0.34-0.48-0.57-0.360.43-0.24-0.280.430.440.46-0.22-0.25-0.32-0.23-0.420.010.180.660.330.34
0.940.92-0.160.960.50.830.770.620.770.570.94-0.190.57-0.820.710.980.890.68-0.230.640.860.47-0.760.640.64
0.580.690.280.610.260.830.720.490.340.180.680.160.18-0.790.280.640.50.34-0.420.640.360.44-0.80.460.46
0.930.68-0.030.850.750.580.390.560.630.720.84-0.290.72-0.640.830.820.910.650.010.860.360.32-0.490.790.79
0.40.620.10.510.110.540.53-0.070.230.350.42-0.060.35-0.320.420.420.230.20.180.470.440.32-0.210.520.51
-0.7-0.680.22-0.8-0.34-0.84-0.72-0.8-0.77-0.16-0.780.07-0.160.93-0.24-0.7-0.72-0.690.66-0.76-0.8-0.49-0.21-0.26-0.26
0.720.610.370.60.610.530.260.170.230.820.63-0.190.82-0.520.860.640.580.30.330.640.460.790.52-0.261.0
0.720.610.360.60.610.530.260.170.230.820.63-0.20.82-0.520.870.640.580.30.340.640.460.790.51-0.261.0
Click cells to compare fundamentals

Macys Account Relationship Matchups

Macys fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets21.2B17.7B17.6B16.9B17.4B20.2B
Short Long Term Debt Total7.1B8.0B6.8B6.4B6.3B7.0B
Other Current Liab(758M)(616M)(806M)(779M)1.2B1.2B
Total Current Liabilities5.8B5.4B5.4B4.9B4.4B5.1B
Total Stockholder Equity6.4B2.6B3.6B4.1B4.1B6.2B
Property Plant And Equipment Net9.3B8.8B8.5B8.6B7.6B8.3B
Net Debt6.4B6.4B5.1B5.5B5.3B5.9B
Retained Earnings8.0B3.9B5.3B6.3B6.2B4.5B
Accounts Payable5.1B4.9B5.3B4.8B2.5B3.8B
Cash685M1.7B1.7B862M1.0B1.1B
Non Current Assets Total14.4B11.5B10.8B11.0B11.3B12.5B
Non Currrent Assets Other714M1.4B1.1B210M1.6B1.7B
Cash And Short Term Investments685M1.7B1.7B862M1.0B1.1B
Net Receivables409M276M297M300M376M357.2M
Liabilities And Stockholders Equity21.2B17.7B17.6B16.9B17.4B20.2B
Non Current Liabilities Total9.0B9.8B8.6B7.9B8.9B9.0B
Inventory5.2B3.8B4.4B4.3B4.4B4.6B
Other Current Assets528M455M366M424M318M398.0M
Other Stockholder Equity(620M)(590M)(1.0B)(1.6B)(1.6B)(1.5B)
Total Liab14.8B15.2B14.0B12.8B13.3B14.0B
Property Plant And Equipment Gross9.3B8.8B8.5B8.6B11.9B8.4B
Total Current Assets6.8B6.2B6.8B5.9B6.1B7.7B
Accumulated Other Comprehensive Income(995M)(788M)(622M)(618M)(496M)(520.8M)
Short Term Debt539M452M433M438M358M495.3M
Intangible Assets439M437M435M432M430M538.2M
Other Liab2.5B2.2B2.2B2.0B2.3B2.0B
Other Assets72M1.4B1.1B1.2B1.3B1.4B
Long Term Debt3.6B4.4B3.3B3.0B3.0B4.5B
Treasury Stock(1.3B)(1.2B)(1.2B)(1.5B)(1.8B)(1.9B)
Property Plant Equipment6.6B8.8B8.5B8.6B9.9B8.9B
Current Deferred Revenue839M616M481M399M384M675.9M
Net Tangible Assets1.3B2.1B4.9B2.4B2.7B1.7B

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Macys Inc using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Macys Inc is a strong investment it is important to analyze Macys' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Macys' future performance. For an informed investment choice regarding Macys Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Macys Stock analysis

When running Macys' price analysis, check to measure Macys' 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 Macys is operating at the current time. Most of Macys' value examination focuses on studying past and present price action to predict the probability of Macys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macys' price. Additionally, you may evaluate how the addition of Macys to your portfolios can decrease your overall portfolio volatility.
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Stocks Directory
Find actively traded stocks across global markets
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Is Macys' 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 Macys. If investors know Macys 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 Macys 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
(0.61)
Dividend Share
0.662
Earnings Share
0.38
Revenue Per Share
87.039
Quarterly Revenue Growth
(0.02)
The market value of Macys Inc is measured differently than its book value, which is the value of Macys that is recorded on the company's balance sheet. Investors also form their own opinion of Macys' value that differs from its market value or its book value, called intrinsic value, which is Macys' 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 Macys' market value can be influenced by many factors that don't directly affect Macys' 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 Macys' value and its price as these two are different measures arrived at by different means. Investors typically determine if Macys is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macys' 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.