Ross Short Term Investments vs Accumulated Depreciation Analysis

ROST Stock

USD 144.51 0.36 0.25%

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 Short Term Investments and its Accumulated Depreciation 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 closely tied 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.

Short Term Investments vs Accumulated Depreciation

Short Term Investments vs Accumulated Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ross Stores Short Term Investments account and Accumulated Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Ross Stores' Short Term Investments and Accumulated Depreciation is -0.12. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Accumulated Depreciation 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' Short Term Investments and Accumulated Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Ross Stores are associated (or correlated) with its Accumulated Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Depreciation has no effect on the direction of Short Term Investments i.e., Ross Stores' Short Term Investments and Accumulated Depreciation go up and down completely randomly.

Correlation Coefficient

-0.12

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of Ross Stores balance sheet. It contains any investments Ross Stores undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Ross Stores can easily liquidate in the marketplace.

Accumulated Depreciation

Accumulated depreciation is the total amount of depreciation for Ross Stores fixed asset that has been charged to Ross Stores expense since that asset was acquired and made available for Ross Stores use. The accumulated depreciation account is Ross Stores asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Ross Stores.

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 closely tied 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	0.91	-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	0.87	-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	0.68	-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	-0.47	-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	-0.45	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	0.78	-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	0.92	-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	0.91	0.85	0.91	0.87	0.92	0.68	0.89	0.89	0.92	-0.47	0.89	0.86	-0.45	0.9	0.78	0.82	0.78	0.92	0.91		-0.57	0.86	0.32	-0.3	-0.34
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	-0.57		-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	0.86	-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	0.32	-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	-0.3	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	-0.34	0.76	-0.56	-0.75	-0.26

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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

Pair Trading with Ross Stores

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 Ross Stores 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 Ross Stores will appreciate offsetting losses from the drop in the long position's value.

Moving against Ross Stock

0.8	LE	Lands End	Pair Corr
0.6	JD	JD Inc Adr	Pair Corr
0.56	YJ	Yunji Inc Earnings Call This Week	Pair Corr
0.55	WINA	Winmark	Pair Corr

The ability to find closely correlated positions to Ross Stores could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ross Stores 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 Ross Stores - 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 Ross Stores to buy it.

The correlation of Ross Stores 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 Ross Stores moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ross Stores 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 Ross Stores 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.

Pair Correlation Correlation Matching

Additional 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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