McKesson Depreciation And Amortization vs Minority Interest Analysis
MCK Stock | USD 569.59 8.63 1.54% |
McKesson financial indicator trend analysis is infinitely more than just investigating McKesson recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether McKesson is a good investment. Please check the relationship between McKesson Depreciation And Amortization and its Minority Interest accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McKesson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy McKesson Stock please use our How to buy in McKesson Stock guide.
Depreciation And Amortization vs Minority Interest
Depreciation And Amortization vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of McKesson Depreciation And Amortization account and Minority Interest. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between McKesson's Depreciation And Amortization and Minority Interest is 0.57. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Minority Interest in the same time period over historical financial statements of McKesson, assuming nothing else is changed. The correlation between historical values of McKesson's Depreciation And Amortization and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of McKesson are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Depreciation And Amortization i.e., McKesson's Depreciation And Amortization and Minority Interest go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of McKesson whose combined shares represent less than 50% of the total outstanding shares issued by McKesson have a minority interest in McKesson.Most indicators from McKesson's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into McKesson 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 McKesson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy McKesson Stock please use our How to buy in McKesson Stock guide.At this time, McKesson's Selling General Administrative is quite stable compared to the past year. Issuance Of Capital Stock is expected to rise to about 142.8 M this year, although the value of Sales General And Administrative To Revenue will most likely fall to 0.05.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 13.1B | 12.4B | 12.2B | 7.2B | Total Revenue | 264.0B | 276.7B | 309.0B | 324.4B |
McKesson fundamental ratios Correlations
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McKesson Account Relationship Matchups
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McKesson fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 61.2B | 65.0B | 63.3B | 62.3B | 67.4B | 36.5B | |
Short Long Term Debt Total | 9.4B | 9.4B | 7.5B | 7.3B | 7.4B | 4.8B | |
Other Current Liab | 683M | 9M | 9.3B | 4.2B | 4.9B | 2.8B | |
Total Current Liabilities | 42.6B | 44.1B | 48.5B | 48.0B | 52.4B | 55.0B | |
Total Stockholder Equity | 5.1B | (21M) | (2.3B) | (1.9B) | (2.0B) | (1.9B) | |
Property Plant And Equipment Net | 4.3B | 4.7B | 3.6B | 3.8B | 4.0B | 4.2B | |
Net Debt | 5.4B | 3.1B | 4.0B | 2.6B | 2.8B | 2.2B | |
Retained Earnings | 13.0B | 8.2B | 9.0B | 12.3B | 15.0B | 7.5B | |
Accounts Payable | 37.2B | 39.0B | 38.1B | 42.5B | 47.1B | 49.5B | |
Cash | 4.0B | 6.3B | 3.5B | 4.7B | 4.6B | 2.6B | |
Non Current Assets Total | 19.0B | 19.6B | 17.1B | 18.0B | 19.5B | 11.0B | |
Non Currrent Assets Other | 2.3B | 2.6B | 1.9B | 2.0B | 2.3B | 1.7B | |
Cash And Short Term Investments | 4.0B | 6.3B | 3.5B | 4.7B | 4.6B | 2.6B | |
Net Receivables | 20.0B | 19.2B | 18.6B | 19.4B | 21.6B | 11.0B | |
Common Stock Shares Outstanding | 182M | 160.6M | 154.1M | 142.2M | 134.1M | 184.3M | |
Liabilities And Stockholders Equity | 61.2B | 65.0B | 63.3B | 62.3B | 67.4B | 36.5B | |
Non Current Liabilities Total | 11.9B | 19.5B | 16.6B | 15.9B | 16.7B | 17.5B | |
Inventory | 16.7B | 19.2B | 18.7B | 19.7B | 21.1B | 11.2B | |
Other Current Assets | 617M | 665M | 5.4B | 496M | 624M | 675.2M | |
Other Stockholder Equity | (6.2B) | (6.7B) | (9.8B) | (13.3B) | (16.1B) | (15.3B) | |
Total Liab | 54.5B | 63.6B | 65.1B | 63.8B | 69.0B | 72.5B | |
Property Plant And Equipment Gross | 4.3B | 4.7B | 3.6B | 3.8B | 6.5B | 6.8B | |
Total Current Assets | 42.2B | 45.4B | 46.2B | 44.3B | 48.0B | 25.5B | |
Accumulated Other Comprehensive Income | (1.7B) | (1.5B) | (1.5B) | (905M) | (881M) | (925.1M) | |
Short Term Debt | 1.4B | 1.1B | 1.1B | 1.3B | 345M | 649.3M | |
Intangible Assets | 3.2B | 2.9B | 2.1B | 2.3B | 2.1B | 2.0B | |
Other Liab | 3.9B | 11.2B | 10.1B | 9.8B | 11.3B | 11.8B | |
Other Assets | 1.9B | 2.6B | 1.3B | 1.8B | 2.0B | 1.7B | |
Long Term Debt | 6.3B | 6.4B | 5.1B | 4.6B | 5.6B | 4.5B | |
Treasury Stock | (8.9B) | (12.9B) | (13.7B) | (17.0B) | (15.3B) | (14.6B) | |
Property Plant Equipment | 2.4B | 2.6B | 2.1B | 2.2B | 2.5B | 1.5B | |
Good Will | 9.4B | 9.5B | 9.5B | 9.9B | 10.1B | 6.9B | |
Net Tangible Assets | (4.4B) | (9.3B) | (12.4B) | (12.7B) | (11.4B) | (10.8B) | |
Noncontrolling Interest In Consolidated Entity | 217M | 196M | 480M | 367M | 422.1M | 302.3M | |
Retained Earnings Total Equity | 13.0B | 8.2B | 9.0B | 12.3B | 14.1B | 11.7B |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McKesson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy McKesson Stock please use our How to buy in McKesson Stock guide.Note that the McKesson information on this page should be used as a complementary analysis to other McKesson'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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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Is McKesson'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 McKesson. If investors know McKesson 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 McKesson 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 0.056 | Dividend Share 2.4 | Earnings Share 22.41 | Revenue Per Share 2.3 K | Quarterly Revenue Growth 0.108 |
The market value of McKesson is measured differently than its book value, which is the value of McKesson that is recorded on the company's balance sheet. Investors also form their own opinion of McKesson's value that differs from its market value or its book value, called intrinsic value, which is McKesson'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 McKesson's market value can be influenced by many factors that don't directly affect McKesson'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 McKesson's value and its price as these two are different measures arrived at by different means. Investors typically determine if McKesson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McKesson'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.