Macys Net Income vs Cost of Revenue Analysis

M Stock

USD 18.89 0.41 2.12%

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 Net Income and its Cost Of Revenue 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.

Net Income vs Cost Of Revenue

Net Income vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Macys Inc Net Income account and Cost of Revenue. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Macys' Net Income and Cost of Revenue is 0.41. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of Macys Inc, assuming nothing else is changed. The correlation between historical values of Macys' Net Income and Cost of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Macys Inc are associated (or correlated) with its Cost of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost of Revenue has no effect on the direction of Net Income i.e., Macys' Net Income and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

0.41

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Macys Inc financial statement analysis. It represents the amount of money remaining after all of Macys Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Cost Of Revenue

Cost of Revenue is found on Macys Inc income statement and represents the costs associated with goods and services Macys provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

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' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 16th of April 2024, Enterprise Value Over EBITDA is likely to grow to 7.08, while Tax Provision is likely to drop about 18.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	10.3B	10.0B	9.7B	9.2B
Total Revenue	25.3B	25.3B	23.9B	22.8B

Gross Profit Total Revenue

Macys 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	Accounts Payable	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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.8	-0.08	0.94	0.76	0.78	0.63	0.7	0.74	0.55	0.98	-0.27	0.55	-0.8	0.76	0.9	0.96	0.75	-0.16	0.94	0.58	0.93	0.4	-0.7	0.72	0.72
Short Long Term Debt Total	0.8		-0.05	0.85	0.27	0.88	0.88	0.37	0.65	0.54	0.82	-0.05	0.54	-0.75	0.63	0.93	0.66	0.48	-0.19	0.92	0.69	0.68	0.62	-0.68	0.61	0.61
Other Current Liab	-0.08	-0.05		-0.26	0.11	-0.07	-0.07	-0.32	-0.64	0.02	-0.1	0.61	0.02	0.09	-0.03	-0.08	-0.2	-0.41	0.09	-0.16	0.28	-0.03	0.1	0.22	0.37	0.36
Total Current Liabilities	0.94	0.85	-0.26		0.57	0.85	0.7	0.69	0.87	0.54	0.94	-0.28	0.54	-0.86	0.68	0.89	0.9	0.79	-0.24	0.96	0.61	0.85	0.51	-0.8	0.6	0.6
Total Stockholder Equity	0.76	0.27	0.11	0.57		0.41	0.13	0.62	0.41	0.32	0.72	-0.33	0.32	-0.48	0.59	0.42	0.75	0.61	0.05	0.5	0.26	0.75	0.11	-0.34	0.61	0.61
Property Plant And Equipment Net	0.78	0.88	-0.07	0.85	0.41		0.84	0.55	0.72	0.35	0.86	-0.13	0.35	-0.91	0.51	0.78	0.67	0.59	-0.33	0.83	0.83	0.58	0.54	-0.84	0.53	0.53
Net Debt	0.63	0.88	-0.07	0.7	0.13	0.84		0.41	0.58	0.07	0.73	0.08	0.07	-0.67	0.25	0.78	0.53	0.43	-0.48	0.77	0.72	0.39	0.53	-0.72	0.26	0.26
Retained Earnings	0.7	0.37	-0.32	0.69	0.62	0.55	0.41		0.7	0.04	0.74	-0.34	0.04	-0.68	0.24	0.54	0.82	0.8	-0.57	0.62	0.49	0.56	-0.07	-0.8	0.17	0.17
Accounts Payable	0.74	0.65	-0.64	0.87	0.41	0.72	0.58	0.7		0.33	0.75	-0.42	0.33	-0.76	0.44	0.67	0.76	0.82	-0.36	0.77	0.34	0.63	0.23	-0.77	0.23	0.23
Cash	0.55	0.54	0.02	0.54	0.32	0.35	0.07	0.04	0.33		0.42	-0.23	1.0	-0.39	0.86	0.57	0.45	0.24	0.44	0.57	0.18	0.72	0.35	-0.16	0.82	0.82
Non Current Assets Total	0.98	0.82	-0.1	0.94	0.72	0.86	0.73	0.74	0.75	0.42		-0.24	0.42	-0.84	0.67	0.89	0.93	0.76	-0.24	0.94	0.68	0.84	0.42	-0.78	0.63	0.63
Non Currrent Assets Other	-0.27	-0.05	0.61	-0.28	-0.33	-0.13	0.08	-0.34	-0.42	-0.23	-0.24		-0.23	0.11	-0.43	-0.11	-0.37	-0.36	-0.28	-0.19	0.16	-0.29	-0.06	0.07	-0.19	-0.2
Cash And Short Term Investments	0.55	0.54	0.02	0.54	0.32	0.35	0.07	0.04	0.33	1.0	0.42	-0.23		-0.39	0.86	0.57	0.45	0.24	0.44	0.57	0.18	0.72	0.35	-0.16	0.82	0.82
Net Receivables	-0.8	-0.75	0.09	-0.86	-0.48	-0.91	-0.67	-0.68	-0.76	-0.39	-0.84	0.11	-0.39		-0.47	-0.75	-0.75	-0.68	0.44	-0.82	-0.79	-0.64	-0.32	0.93	-0.52	-0.52
Common Stock Shares Outstanding	0.76	0.63	-0.03	0.68	0.59	0.51	0.25	0.24	0.44	0.86	0.67	-0.43	0.86	-0.47		0.7	0.67	0.4	0.46	0.71	0.28	0.83	0.42	-0.24	0.86	0.87
Non Current Liabilities Total	0.9	0.93	-0.08	0.89	0.42	0.78	0.78	0.54	0.67	0.57	0.89	-0.11	0.57	-0.75	0.7		0.84	0.57	-0.22	0.98	0.64	0.82	0.42	-0.7	0.64	0.64
Inventory	0.96	0.66	-0.2	0.9	0.75	0.67	0.53	0.82	0.76	0.45	0.93	-0.37	0.45	-0.75	0.67	0.84		0.76	-0.25	0.89	0.5	0.91	0.23	-0.72	0.58	0.58
Other Current Assets	0.75	0.48	-0.41	0.79	0.61	0.59	0.43	0.8	0.82	0.24	0.76	-0.36	0.24	-0.68	0.4	0.57	0.76		-0.32	0.68	0.34	0.65	0.2	-0.69	0.3	0.3
Other Stockholder Equity	-0.16	-0.19	0.09	-0.24	0.05	-0.33	-0.48	-0.57	-0.36	0.44	-0.24	-0.28	0.44	0.44	0.46	-0.22	-0.25	-0.32		-0.23	-0.42	0.02	0.18	0.66	0.33	0.34
Total Liab	0.94	0.92	-0.16	0.96	0.5	0.83	0.77	0.62	0.77	0.57	0.94	-0.19	0.57	-0.82	0.71	0.98	0.89	0.68	-0.23		0.64	0.86	0.47	-0.76	0.64	0.64
Property Plant And Equipment Gross	0.58	0.69	0.28	0.61	0.26	0.83	0.72	0.49	0.34	0.18	0.68	0.16	0.18	-0.79	0.28	0.64	0.5	0.34	-0.42	0.64		0.36	0.44	-0.8	0.46	0.46
Total Current Assets	0.93	0.68	-0.03	0.85	0.75	0.58	0.39	0.56	0.63	0.72	0.84	-0.29	0.72	-0.64	0.83	0.82	0.91	0.65	0.02	0.86	0.36		0.32	-0.49	0.79	0.79
Short Term Debt	0.4	0.62	0.1	0.51	0.11	0.54	0.53	-0.07	0.23	0.35	0.42	-0.06	0.35	-0.32	0.42	0.42	0.23	0.2	0.18	0.47	0.44	0.32		-0.21	0.52	0.51
Intangible Assets	-0.7	-0.68	0.22	-0.8	-0.34	-0.84	-0.72	-0.8	-0.77	-0.16	-0.78	0.07	-0.16	0.93	-0.24	-0.7	-0.72	-0.69	0.66	-0.76	-0.8	-0.49	-0.21		-0.26	-0.26
Common Stock Total Equity	0.72	0.61	0.37	0.6	0.61	0.53	0.26	0.17	0.23	0.82	0.63	-0.19	0.82	-0.52	0.86	0.64	0.58	0.3	0.33	0.64	0.46	0.79	0.52	-0.26		1.0
Common Stock	0.72	0.61	0.36	0.6	0.61	0.53	0.26	0.17	0.23	0.82	0.63	-0.2	0.82	-0.52	0.87	0.64	0.58	0.3	0.34	0.64	0.46	0.79	0.51	-0.26	1.0

Click cells to compare fundamentals

Macys Account Relationship Matchups

Macys fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	21.2B	17.7B	17.6B	16.9B	17.4B	20.2B
Short Long Term Debt Total	7.1B	8.0B	6.8B	6.4B	6.3B	7.0B
Other Current Liab	(758M)	(616M)	(806M)	(779M)	1.2B	1.2B
Total Current Liabilities	5.8B	5.4B	5.4B	4.9B	4.4B	5.1B
Total Stockholder Equity	6.4B	2.6B	3.6B	4.1B	4.1B	6.2B
Property Plant And Equipment Net	9.3B	8.8B	8.5B	8.6B	7.6B	8.3B
Net Debt	6.4B	6.4B	5.1B	5.5B	5.3B	5.9B
Retained Earnings	8.0B	3.9B	5.3B	6.3B	6.2B	4.5B
Accounts Payable	5.1B	4.9B	5.3B	4.8B	2.5B	3.8B
Cash	685M	1.7B	1.7B	862M	1.0B	1.1B
Non Current Assets Total	14.4B	11.5B	10.8B	11.0B	11.3B	12.5B
Non Currrent Assets Other	714M	1.4B	1.1B	210M	1.6B	1.7B
Cash And Short Term Investments	685M	1.7B	1.7B	862M	1.0B	1.1B
Net Receivables	409M	276M	297M	300M	376M	357.2M
Liabilities And Stockholders Equity	21.2B	17.7B	17.6B	16.9B	17.4B	20.2B
Non Current Liabilities Total	9.0B	9.8B	8.6B	7.9B	8.9B	9.0B
Inventory	5.2B	3.8B	4.4B	4.3B	4.4B	4.6B
Other Current Assets	528M	455M	366M	424M	318M	398.0M
Other Stockholder Equity	(620M)	(590M)	(1.0B)	(1.6B)	(1.6B)	(1.5B)
Total Liab	14.8B	15.2B	14.0B	12.8B	13.3B	14.0B
Property Plant And Equipment Gross	9.3B	8.8B	8.5B	8.6B	11.9B	8.4B
Total Current Assets	6.8B	6.2B	6.8B	5.9B	6.1B	7.7B
Accumulated Other Comprehensive Income	(995M)	(788M)	(622M)	(618M)	(496M)	(520.8M)
Short Term Debt	539M	452M	433M	438M	358M	495.3M
Intangible Assets	439M	437M	435M	432M	430M	538.2M
Other Liab	2.5B	2.2B	2.2B	2.0B	2.3B	2.0B
Other Assets	72M	1.4B	1.1B	1.2B	1.3B	1.4B
Long Term Debt	3.6B	4.4B	3.3B	3.0B	3.0B	4.5B
Treasury Stock	(1.3B)	(1.2B)	(1.2B)	(1.5B)	(1.8B)	(1.9B)
Property Plant Equipment	6.6B	8.8B	8.5B	8.6B	9.9B	8.9B
Current Deferred Revenue	839M	616M	481M	399M	384M	675.9M
Net Tangible Assets	1.3B	2.1B	4.9B	2.4B	2.7B	1.7B

Macys Investors Sentiment

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

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

Macys Implied Volatility

64.53

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

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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:

How To Invest In Macys

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Is Macys Stock a good investment?

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What is Macys' Net Worth?

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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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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.

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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.

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Macys Net Income vs Cost of Revenue Analysis

Net Income vs Cost Of Revenue

Net Income vs Cost of Revenue Correlation Analysis

Correlation Coefficient

Net Income

Cost Of Revenue

Macys fundamental ratios Correlations

Macys Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Macys fundamental ratios Accounts

Macys Investors Sentiment

Macys Implied Volatility

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Macys Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Non Current Liabilities Total
Inventory	+ 0.96	Total Assets
Total Liab	+ 0.96	Total Current Liabilities

Net Receivables	- 0.91	Property Plant And Equipment Net
Net Receivables	- 0.86	Total Current Liabilities
Net Receivables	- 0.84	Non Current Assets Total
Intangible Assets	- 0.84	Property Plant And Equipment Net
Total Liab	- 0.82	Net Receivables
Intangible Assets	- 0.8	Property Plant And Equipment Gross