Ross Good Will vs Net Invested Capital Analysis

ROST Stock

USD 133.48 1.39 1.03%

Ross Stores financial indicator trend analysis is much more than just breaking down Ross Stores prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ross Stores is a good investment. Please check the relationship between Ross Stores Good Will and its Net Invested Capital accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ross Stores. 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.

For more information on how to buy Ross Stock please use our How to Invest in Ross Stores guide.

Good Will vs Net Invested Capital

Good Will vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ross Stores Good Will account and Net Invested Capital. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Ross Stores' Good Will and Net Invested Capital is -0.51. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Ross Stores, assuming nothing else is changed. The correlation between historical values of Ross Stores' Good Will 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 Good Will of Ross Stores 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 Good Will i.e., Ross Stores' Good Will and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

-0.51

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

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 Ross Stores' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ross Stores 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ross Stores. 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.

For more information on how to buy Ross Stock please use our How to Invest in Ross Stores guide.Selling General Administrative is likely to gain to about 3.4 B in 2024, whereas Tax Provision is likely to drop slightly above 476 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	5.2B	4.7B	5.6B	5.9B
Total Revenue	18.9B	18.7B	20.4B	21.4B

Gross Profit Total Revenue

Ross Stores fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Current Deferred Revenue	Short Term Investments
Total Assets		0.97	0.94	0.99	0.93	0.98	0.69	0.93	0.97	0.98	-0.57	0.97	0.94	-0.58	0.97	0.86	0.9	0.88	0.99	0.99	0.93	-0.65	0.97	0.44	-0.32	-0.48
Short Long Term Debt Total	0.97		0.83	0.95	0.81	0.96	0.8	0.82	0.96	0.96	-0.64	0.96	0.84	-0.41	1.0	0.72	0.83	0.74	0.99	0.95	0.9	-0.49	0.92	0.27	-0.45	-0.28
Other Current Liab	0.94	0.83		0.96	0.96	0.9	0.47	0.94	0.88	0.91	-0.38	0.88	0.95	-0.72	0.84	0.95	0.91	0.97	0.9	0.94	0.85	-0.8	0.94	0.58	-0.18	-0.69
Total Current Liabilities	0.99	0.95	0.96		0.93	0.97	0.64	0.92	0.96	0.97	-0.53	0.96	0.94	-0.61	0.96	0.88	0.92	0.9	0.98	0.99	0.91	-0.68	0.98	0.46	-0.32	-0.53
Total Stockholder Equity	0.93	0.81	0.96	0.93		0.91	0.5	1.0	0.85	0.92	-0.39	0.85	0.97	-0.69	0.83	0.96	0.86	0.97	0.87	0.92	0.88	-0.78	0.89	0.59	-0.09	-0.63
Property Plant And Equipment Net	0.98	0.96	0.9	0.97	0.91		0.79	0.92	0.92	1.0	-0.62	0.92	0.93	-0.57	0.97	0.85	0.88	0.86	0.98	0.94	0.92	-0.63	0.93	0.44	-0.24	-0.46
Net Debt	0.69	0.8	0.47	0.64	0.5	0.79		0.52	0.6	0.78	-0.72	0.6	0.55	-0.21	0.78	0.42	0.52	0.42	0.74	0.59	0.67	-0.21	0.58	0.07	-0.24	-0.05
Retained Earnings	0.93	0.82	0.94	0.92	1.0	0.92	0.52		0.86	0.92	-0.39	0.86	0.96	-0.64	0.83	0.95	0.84	0.94	0.87	0.92	0.89	-0.75	0.88	0.55	-0.1	-0.57
Cash	0.97	0.96	0.88	0.96	0.85	0.92	0.6	0.86		0.92	-0.52	1.0	0.87	-0.46	0.97	0.76	0.86	0.79	0.98	0.99	0.89	-0.55	0.95	0.33	-0.49	-0.35
Non Current Assets Total	0.98	0.96	0.91	0.97	0.92	1.0	0.78	0.92	0.92		-0.61	0.92	0.93	-0.58	0.96	0.85	0.88	0.87	0.98	0.94	0.92	-0.63	0.93	0.44	-0.24	-0.47
Non Currrent Assets Other	-0.57	-0.64	-0.38	-0.53	-0.39	-0.62	-0.72	-0.39	-0.52	-0.61		-0.52	-0.55	0.42	-0.66	-0.39	-0.51	-0.38	-0.62	-0.52	-0.44	-0.03	-0.6	-0.33	0.16	0.19
Cash And Short Term Investments	0.97	0.96	0.88	0.96	0.85	0.92	0.6	0.86	1.0	0.92	-0.52		0.87	-0.46	0.97	0.76	0.86	0.79	0.98	0.99	0.89	-0.55	0.95	0.33	-0.49	-0.35
Net Receivables	0.94	0.84	0.95	0.94	0.97	0.93	0.55	0.96	0.87	0.93	-0.55	0.87		-0.75	0.86	0.94	0.92	0.97	0.9	0.93	0.86	-0.73	0.93	0.62	-0.12	-0.67
Common Stock Shares Outstanding	-0.58	-0.41	-0.72	-0.61	-0.69	-0.57	-0.21	-0.64	-0.46	-0.58	0.42	-0.46	-0.75		-0.46	-0.78	-0.73	-0.8	-0.52	-0.56	-0.43	0.55	-0.66	-0.88	-0.24	0.89
Non Current Liabilities Total	0.97	1.0	0.84	0.96	0.83	0.97	0.78	0.83	0.97	0.96	-0.66	0.97	0.86	-0.46		0.74	0.85	0.77	0.99	0.96	0.9	-0.5	0.94	0.31	-0.43	-0.32
Inventory	0.86	0.72	0.95	0.88	0.96	0.85	0.42	0.95	0.76	0.85	-0.39	0.76	0.94	-0.78	0.74		0.81	0.97	0.8	0.85	0.78	-0.8	0.85	0.66	0.01	-0.75
Other Current Assets	0.9	0.83	0.91	0.92	0.86	0.88	0.52	0.84	0.86	0.88	-0.51	0.86	0.92	-0.73	0.85	0.81		0.89	0.88	0.89	0.82	-0.67	0.94	0.61	-0.17	-0.65
Other Stockholder Equity	0.88	0.74	0.97	0.9	0.97	0.86	0.42	0.94	0.79	0.87	-0.38	0.79	0.97	-0.8	0.77	0.97	0.89		0.82	0.87	0.79	-0.85	0.88	0.67	-0.04	-0.79
Total Liab	0.99	0.99	0.9	0.98	0.87	0.98	0.74	0.87	0.98	0.98	-0.62	0.98	0.9	-0.52	0.99	0.8	0.88	0.82		0.98	0.91	-0.57	0.96	0.37	-0.4	-0.4
Total Current Assets	0.99	0.95	0.94	0.99	0.92	0.94	0.59	0.92	0.99	0.94	-0.52	0.99	0.93	-0.56	0.96	0.85	0.89	0.87	0.98		0.91	-0.64	0.97	0.43	-0.39	-0.47
Short Term Debt	0.93	0.9	0.85	0.91	0.88	0.92	0.67	0.89	0.89	0.92	-0.44	0.89	0.86	-0.43	0.9	0.78	0.82	0.79	0.91	0.91		-0.6	0.85	0.3	-0.31	-0.33
Intangible Assets	-0.65	-0.49	-0.8	-0.68	-0.78	-0.63	-0.21	-0.75	-0.55	-0.63	-0.03	-0.55	-0.73	0.55	-0.5	-0.8	-0.67	-0.85	-0.57	-0.64	-0.6		-0.62	-0.4	0.04	0.76
Accounts Payable	0.97	0.92	0.94	0.98	0.89	0.93	0.58	0.88	0.95	0.93	-0.6	0.95	0.93	-0.66	0.94	0.85	0.94	0.88	0.96	0.97	0.85	-0.62		0.52	-0.3	-0.56
Common Stock	0.44	0.27	0.58	0.46	0.59	0.44	0.07	0.55	0.33	0.44	-0.33	0.33	0.62	-0.88	0.31	0.66	0.61	0.67	0.37	0.43	0.3	-0.4	0.52		0.43	-0.75
Current Deferred Revenue	-0.32	-0.45	-0.18	-0.32	-0.09	-0.24	-0.24	-0.1	-0.49	-0.24	0.16	-0.49	-0.12	-0.24	-0.43	0.01	-0.17	-0.04	-0.4	-0.39	-0.31	0.04	-0.3	0.43		-0.26
Short Term Investments	-0.48	-0.28	-0.69	-0.53	-0.63	-0.46	-0.05	-0.57	-0.35	-0.47	0.19	-0.35	-0.67	0.89	-0.32	-0.75	-0.65	-0.79	-0.4	-0.47	-0.33	0.76	-0.56	-0.75	-0.26

Click cells to compare fundamentals

Ross Stores Account Relationship Matchups

Ross Stores fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.3B	12.7B	13.6B	13.4B	14.3B	15.0B
Short Long Term Debt Total	3.5B	5.7B	5.6B	5.7B	5.7B	6.0B
Other Current Liab	841.0M	1.0B	1.2B	970.3M	1.2B	1.3B
Total Current Liabilities	2.7B	4.0B	4.2B	3.6B	4.2B	4.4B
Total Stockholder Equity	3.4B	3.3B	4.1B	4.3B	4.9B	5.1B
Property Plant And Equipment Net	5.7B	5.8B	5.9B	6.3B	6.7B	7.0B
Net Debt	2.1B	913.5M	699.8M	1.2B	860.8M	903.8M
Retained Earnings	2.3B	2.2B	2.9B	3.0B	3.5B	3.7B
Cash	1.4B	4.8B	4.9B	4.6B	4.9B	5.1B
Non Current Assets Total	5.9B	6.0B	6.2B	6.5B	6.9B	7.2B
Non Currrent Assets Other	(149.5B)	(121.6B)	(137.4B)	(216.8B)	194.7M	204.5M
Cash And Short Term Investments	1.4B	4.8B	4.9B	4.6B	4.9B	5.1B
Net Receivables	102.2M	115.1M	119.2M	145.7M	130.8M	137.3M
Common Stock Shares Outstanding	361.2M	354.6M	353.7M	345.2M	337.4M	477.1M
Liabilities And Stockholders Equity	9.3B	12.7B	13.6B	13.4B	14.3B	15.0B
Non Current Liabilities Total	3.3B	5.5B	5.4B	5.5B	5.2B	5.5B
Inventory	1.8B	1.5B	2.3B	2.0B	2.2B	2.3B
Other Current Assets	147.0M	249.1M	169.3M	183.7M	188.2M	197.6M
Other Stockholder Equity	1.0B	1.1B	1.2B	1.2B	1.3B	1.4B
Total Liab	6.0B	9.4B	9.6B	9.1B	9.4B	9.9B
Total Current Assets	3.4B	6.7B	7.5B	6.9B	7.4B	7.8B
Accounts Payable	1.3B	2.3B	2.4B	2.0B	2.0B	2.1B
Common Stock	3.6M	3.6M	3.5M	3.4M	3.4M	2.2M
Current Deferred Revenue	85.8B	124.3B	149.7B	76.4M	87.8M	83.4M
Other Liab	363.8M	390.4M	373.7M	441.2M	507.3M	443.3M
Net Tangible Assets	3.4B	3.3B	4.1B	6.9B	7.9B	4.6B
Other Assets	208.3M	230.1M	241.3M	232.1M	266.9M	243.4M
Long Term Debt	312.9M	2.4B	2.5B	2.5B	2.2B	1.9B
Net Invested Capital	3.7B	5.8B	6.5B	2.5B	7.3B	5.4B
Capital Stock	3.6M	3.6M	3.5M	3.4M	3.4M	2.8M
Non Current Liabilities Other	6.7M	7.2M	6.8M	224.1M	10.8M	10.2M
Net Working Capital	730.9M	2.7B	3.3B	3.3B	3.2B	2.7B
Property Plant Equipment	5.7B	5.8B	5.9B	3.2B	3.7B	5.1B

Ross Stores Investors Sentiment

The influence of Ross Stores' 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 Ross. 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 Ross Stores' public news can be used to forecast risks associated with an investment in Ross. The trend in average sentiment can be used to explain how an investor holding Ross can time the market purely based on public headlines and social activities around Ross Stores. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Ross Stores' 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 Ross Stores' 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 Ross Stores' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ross Stores.

Ross Stores Implied Volatility

25.38

Ross Stores' implied volatility exposes the market's sentiment of Ross Stores stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Ross Stores' 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 Ross Stores stock will not fluctuate a lot when Ross Stores' 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 Ross Stores 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, Ross Stores' short interest history, or implied volatility extrapolated from Ross Stores options trading.

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When determining whether Ross Stores 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 Ross 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 Ross Stores Stock. Highlighted below are key reports to facilitate an investment decision about Ross Stores Stock:

How To Invest In Ross

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Is Ross Stock a good investment?

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What is Ross Stores' Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ross Stores. 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.

For more information on how to buy Ross Stock please use our How to Invest in Ross Stores guide.

You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Ross Stock analysis

When running Ross Stores' price analysis, check to measure Ross Stores' 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 Ross Stores is operating at the current time. Most of Ross Stores' value examination focuses on studying past and present price action to predict the probability of Ross Stores' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ross Stores' price. Additionally, you may evaluate how the addition of Ross Stores to your portfolios can decrease your overall portfolio volatility.

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Is Ross Stores' 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 Ross Stores. If investors know Ross 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 Ross Stores 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

0.401

Dividend Share

1.34

Earnings Share

5.57

Revenue Per Share

60.793

Quarterly Revenue Growth

0.155

The market value of Ross Stores is measured differently than its book value, which is the value of Ross that is recorded on the company's balance sheet. Investors also form their own opinion of Ross Stores' value that differs from its market value or its book value, called intrinsic value, which is Ross Stores' 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 Ross Stores' market value can be influenced by many factors that don't directly affect Ross Stores' 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 Ross Stores' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ross Stores is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ross Stores' 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.

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Ross Good Will vs Net Invested Capital Analysis

Good Will vs Net Invested Capital

Good Will vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Good Will

Net Invested Capital

Ross Stores fundamental ratios Correlations

Ross Stores Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ross Stores fundamental ratios Accounts

Ross Stores Investors Sentiment

Ross Stores Implied Volatility

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets

Common Stock	- 0.88	Common Stock Shares Outstanding
Intangible Assets	- 0.85	Other Stockholder Equity
Intangible Assets	- 0.8	Inventory
Other Stockholder Equity	- 0.8	Common Stock Shares Outstanding
Intangible Assets	- 0.8	Other Current Liab
Short Term Investments	- 0.79	Other Stockholder Equity