United Return On Assets vs Non Current Liabilities Total Analysis
UPS Stock | USD 149.24 0.42 0.28% |
United Parcel financial indicator trend analysis is much more than just breaking down United Parcel Service prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United Parcel Service is a good investment. Please check the relationship between United Parcel Return On Assets and its Non Current Liabilities Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Parcel Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Return On Assets vs Non Current Liabilities Total
Return On Assets vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Parcel Service Return On Assets account and Non Current Liabilities Total. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between United Parcel's Return On Assets and Non Current Liabilities Total is -0.07. Overlapping area represents the amount of variation of Return On Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of United Parcel Service, assuming nothing else is changed. The correlation between historical values of United Parcel's Return On Assets and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Return On Assets of United Parcel Service are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Return On Assets i.e., United Parcel's Return On Assets and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.07 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Return On Assets
A profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets.Non Current Liabilities Total
Most indicators from United Parcel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United Parcel Service 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 World Market Map to better understand how to build diversified portfolios, which includes a position in United Parcel Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. At this time, United Parcel's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 276.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 36.5 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 12.8B | 13.1B | 17.2B | 18.3B | Total Revenue | 97.3B | 100.3B | 91.0B | 60.3B |
United Parcel fundamental ratios Correlations
Click cells to compare fundamentals
United Parcel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
United Parcel fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 57.9B | 62.5B | 69.4B | 71.1B | 70.9B | 43.6B | |
Short Long Term Debt Total | 21.8B | 27.8B | 25.5B | 23.5B | 26.7B | 28.1B | |
Total Current Liabilities | 15.4B | 17.0B | 17.6B | 18.1B | 17.7B | 10.3B | |
Total Stockholder Equity | 3.3B | 741M | 14.3B | 19.8B | 17.3B | 18.2B | |
Property Plant And Equipment Net | 30.5B | 35.3B | 37.0B | 38.5B | 41.3B | 22.6B | |
Net Debt | 16.6B | 21.8B | 15.3B | 17.9B | 23.5B | 24.7B | |
Retained Earnings | 9.1B | 7.0B | 16.2B | 21.3B | 21.1B | 12.5B | |
Accounts Payable | 5.6B | 6.5B | 7.5B | 7.5B | 6.3B | 3.5B | |
Cash | 5.2B | 5.9B | 10.3B | 5.6B | 3.2B | 3.6B | |
Non Current Assets Total | 40.8B | 42.2B | 44.5B | 48.9B | 51.4B | 29.2B | |
Non Currrent Assets Other | 3.9B | 672M | 1.1B | 3.3B | 1.5B | 1.7B | |
Cash And Short Term Investments | 5.7B | 6.3B | 10.6B | 7.6B | 6.1B | 4.8B | |
Net Receivables | 9.9B | 10.8B | 12.5B | 12.6B | 11.2B | 7.9B | |
Common Stock Shares Outstanding | 870M | 869M | 871M | 878M | 860M | 799.8M | |
Short Term Investments | 503M | 406M | 338M | 2.0B | 2.9B | 3.0B | |
Liabilities And Stockholders Equity | 57.9B | 62.5B | 69.4B | 71.1B | 70.9B | 43.6B | |
Non Current Liabilities Total | 39.2B | 44.7B | 37.6B | 33.2B | 35.9B | 23.4B | |
Inventory | 511M | 620M | 717M | 889M | 935M | 750.3M | |
Other Current Assets | 11.4B | 2.0B | 1.8B | 2.0B | 2.1B | 2.3B | |
Other Stockholder Equity | 166M | 865M | 1.3B | (4M) | (9M) | (9.5M) | |
Total Liab | 54.6B | 61.7B | 55.1B | 51.3B | 53.5B | 33.7B | |
Total Current Assets | 17.1B | 20.3B | 24.9B | 22.2B | 19.4B | 14.4B | |
Accumulated Other Comprehensive Income | (6.0B) | (7.1B) | (3.3B) | (1.5B) | (3.7B) | (3.9B) | |
Short Term Debt | 4.0B | 3.2B | 2.7B | 3.0B | 4.1B | 4.3B | |
Current Deferred Revenue | 4.3B | 5.6B | 5.9B | 139M | 20M | 19M | |
Other Liab | 14.9B | 20.2B | 14.8B | 12.6B | 14.5B | 10.5B | |
Other Assets | 1.4B | 3.9B | 1.2B | 3.4B | 3.1B | 2.0B | |
Long Term Debt | 21.8B | 22.0B | 19.8B | 17.3B | 18.9B | 12.1B | |
Property Plant And Equipment Gross | 33.3B | 32.3B | 37.0B | 38.5B | 75.8B | 79.6B | |
Property Plant Equipment | 30.5B | 32.3B | 37.0B | 38.5B | 44.2B | 22.3B | |
Good Will | 3.8B | 3.4B | 3.7B | 4.2B | 4.9B | 3.0B | |
Treasury Stock | (26M) | (20M) | (16M) | (13M) | (15.0M) | (15.7M) | |
Intangible Assets | 2.2B | 2.3B | 2.5B | 2.8B | 3.3B | 3.5B | |
Net Tangible Assets | (322M) | (170M) | 8.1B | 18.8B | 21.6B | 22.7B | |
Retained Earnings Total Equity | 9.1B | 6.9B | 16.2B | 21.3B | 24.5B | 25.8B |
Pair Trading with United Parcel
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 United Parcel 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 United Parcel will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to United Parcel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Parcel 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 United Parcel - 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 United Parcel Service to buy it.
The correlation of United Parcel 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 United Parcel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Parcel Service 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 United Parcel 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Parcel Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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Is United Parcel'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 United Parcel. If investors know United 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 United Parcel 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 (0.41) | Dividend Share 6.49 | Earnings Share 6.91 | Revenue Per Share 104.652 | Quarterly Revenue Growth (0.05) |
The market value of United Parcel Service is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Parcel's value that differs from its market value or its book value, called intrinsic value, which is United Parcel'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 United Parcel's market value can be influenced by many factors that don't directly affect United Parcel'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 United Parcel's value and its price as these two are different measures arrived at by different means. Investors typically determine if United Parcel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Parcel'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.