Carvana Other Current Assets from 2010 to 2024

CVNA Stock  USD 75.35  0.27  0.36%   
Carvana's Other Current Assets are increasing over the years with slightly volatile fluctuation. Overall, Other Current Assets are expected to go to about 174.4 M this year. Other Current Assets is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. View All Fundamentals
 
Other Current Assets  
First Reported
2015-12-31
Previous Quarter
517 M
Current Value
138 M
Quarterly Volatility
221 M
 
Yuan Drop
 
Covid
Check Carvana financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Carvana main balance sheet or income statement drivers, such as Depreciation And Amortization of 369.6 M, Interest Expense of 663.6 M or Selling General Administrative of 812.9 M, as well as many exotic indicators such as Price To Sales Ratio of 0.51, Dividend Yield of 1.12 or PTB Ratio of 16.82. Carvana financial statements analysis is a perfect complement when working with Carvana Valuation or Volatility modules.
  
This module can also supplement Carvana's financial leverage analysis and stock options assessment as well as various Carvana Technical models . Check out the analysis of Carvana Correlation against competitors.

Latest Carvana's Other Current Assets Growth Pattern

Below is the plot of the Other Current Assets of Carvana Co over the last few years. It is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. Carvana's Other Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Carvana's overall financial position and show how it may be relating to other accounts over time.
Other Current Assets10 Years Trend
Slightly volatile
   Other Current Assets   
       Timeline  

Carvana Other Current Assets Regression Statistics

Arithmetic Mean117,390,973
Geometric Mean8,277,540
Coefficient Of Variation153.70
Mean Deviation134,052,768
Median15,480,000
Standard Deviation180,431,232
Sample Variance32555.4T
Range544.9M
R-Value0.68
Mean Square Error18991.5T
R-Squared0.46
Significance0.01
Slope27,313,397
Total Sum of Squares455776T

Carvana Other Current Assets History

2024174.4 M
2023138 M
2022503 M
2021545 M
2020197.9 M
2019151.4 M
201823.6 M

About Carvana Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Carvana income statement, its balance sheet, and the statement of cash flows. Carvana investors use historical funamental indicators, such as Carvana's Other Current Assets, to determine how well the company is positioned to perform in the future. Although Carvana investors may use each financial statement separately, they are all related. The changes in Carvana's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Carvana's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Carvana Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Carvana. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Other Current Assets138 M174.4 M

Pair Trading with Carvana

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

Moving together with Carvana Stock

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Moving against Carvana Stock

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The ability to find closely correlated positions to Carvana could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carvana 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 Carvana - 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 Carvana Co to buy it.
The correlation of Carvana 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 Carvana moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carvana 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 Carvana 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 CorrelationCorrelation Matching
When determining whether Carvana offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Carvana's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Carvana Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Carvana Co Stock:
Check out the analysis of Carvana Correlation against competitors.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running Carvana's price analysis, check to measure Carvana's 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 Carvana is operating at the current time. Most of Carvana's value examination focuses on studying past and present price action to predict the probability of Carvana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carvana's price. Additionally, you may evaluate how the addition of Carvana to your portfolios can decrease your overall portfolio volatility.
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Is Carvana'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 Carvana. If investors know Carvana 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 Carvana listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(4.18)
Revenue Per Share
98.525
Quarterly Revenue Growth
(0.15)
Return On Assets
(0.01)
Return On Equity
(12.69)
The market value of Carvana is measured differently than its book value, which is the value of Carvana that is recorded on the company's balance sheet. Investors also form their own opinion of Carvana's value that differs from its market value or its book value, called intrinsic value, which is Carvana'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 Carvana's market value can be influenced by many factors that don't directly affect Carvana'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 Carvana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carvana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carvana'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.