Amazon Accounts Payable vs Inventory Turnover Analysis
AMZN Stock | USD 179.83 1.53 0.86% |
Amazon financial indicator trend analysis is way more than just evaluating Amazon Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Amazon Inc is a good investment. Please check the relationship between Amazon Accounts Payable and its Inventory Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amazon 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 nation.
Accounts Payable vs Inventory Turnover
Accounts Payable vs Inventory Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Amazon Inc Accounts Payable account and Inventory Turnover. At this time, the significance of the direction appears to have very week relationship.
The correlation between Amazon's Accounts Payable and Inventory Turnover is 0.22. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Amazon Inc, assuming nothing else is changed. The correlation between historical values of Amazon's Accounts Payable and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Amazon Inc are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Accounts Payable i.e., Amazon's Accounts Payable and Inventory Turnover go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Amazon obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Amazon Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Most indicators from Amazon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Amazon 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Amazon 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 nation. At this time, Amazon's Tax Provision is very stable compared to the past year. As of the 28th of March 2024, Selling General Administrative is likely to grow to about 12.4 B, while Enterprise Value Multiple is likely to drop 17.51.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 197.5B | 225.2B | 270.0B | 283.5B | Total Revenue | 469.8B | 514.0B | 574.8B | 603.5B |
Amazon fundamental ratios Correlations
Click cells to compare fundamentals
Amazon Account Relationship Matchups
Amazon fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 225.2B | 321.2B | 420.5B | 462.7B | 527.9B | 554.2B | |
Other Current Liab | 32.4B | 28.0B | 35.9B | 47.7B | 45.8B | 48.1B | |
Total Current Liabilities | 87.8B | 126.4B | 142.3B | 155.4B | 164.9B | 173.2B | |
Total Stockholder Equity | 62.1B | 93.4B | 138.2B | 146.0B | 201.9B | 212.0B | |
Property Plant And Equipment Net | 72.7B | 150.7B | 216.4B | 252.8B | 276.7B | 290.5B | |
Net Debt | 27.1B | 42.0B | 79.9B | 85.9B | 61.7B | 64.8B | |
Retained Earnings | 31.2B | 52.6B | 85.9B | 83.2B | 113.6B | 119.3B | |
Accounts Payable | 47.2B | 72.5B | 78.7B | 79.6B | 85.0B | 89.2B | |
Cash | 36.1B | 42.4B | 36.5B | 54.3B | 73.9B | 77.6B | |
Non Current Assets Total | 128.9B | 188.5B | 259.0B | 315.9B | 355.5B | 373.3B | |
Non Currrent Assets Other | 110.0B | 14.8B | 18.7B | 34.6B | 46.1B | 48.4B | |
Cash And Short Term Investments | 55.0B | 84.7B | 96.3B | 70.4B | 87.3B | 91.6B | |
Common Stock Shares Outstanding | 10.1B | 10.2B | 10.3B | 10.2B | 10.5B | 9.4B | |
Liabilities And Stockholders Equity | 225.2B | 321.2B | 420.5B | 462.7B | 527.9B | 554.2B | |
Inventory | 20.5B | 23.8B | 32.6B | 34.4B | 33.3B | 35.0B | |
Other Current Assets | 276M | 4.9B | 7.4B | 8.9B | 10.2B | 10.7B | |
Other Stockholder Equity | 31.8B | 41.0B | 53.7B | 67.2B | 91.2B | 95.7B | |
Total Liab | 163.2B | 227.8B | 282.3B | 316.6B | 326.0B | 342.3B | |
Property Plant And Equipment Gross | 72.7B | 150.7B | 216.4B | 252.8B | 396.8B | 416.6B | |
Total Current Assets | 96.3B | 132.7B | 161.6B | 146.8B | 172.4B | 181.0B | |
Accumulated Other Comprehensive Income | (986M) | (180M) | (1.4B) | (4.5B) | (3.0B) | (2.9B) | |
Short Long Term Debt Total | 63.2B | 84.4B | 116.4B | 140.1B | 135.6B | 142.4B | |
Non Current Liabilities Total | 75.4B | 101.4B | 140.0B | 161.2B | 161.1B | 169.1B | |
Short Term Debt | 1.3B | 16.1B | 15.9B | 14.9B | 18.9B | 19.9B | |
Current Deferred Revenue | 8.2B | 9.7B | 11.8B | 13.2B | 15.2B | 16.0B | |
Short Term Investments | 18.9B | 42.3B | 59.8B | 16.1B | 13.4B | 8.9B | |
Intangible Assets | 4.0B | 5.0B | 5.1B | 6.1B | 7.7B | 8.1B | |
Good Will | 14.8B | 15.0B | 15.4B | 20.3B | 22.8B | 23.9B | |
Other Assets | 10.1B | 18.1B | 27.2B | 31.7B | 36.4B | 38.2B | |
Long Term Debt | 23.4B | 31.8B | 48.7B | 67.2B | 58.3B | 61.2B | |
Property Plant Equipment | 72.7B | 150.7B | 216.4B | 252.8B | 290.8B | 305.3B | |
Other Liab | 12.2B | 17.0B | 23.6B | 14.4B | 16.6B | 17.4B | |
Net Receivables | 20.8B | 24.3B | 32.6B | 42.0B | 51.8B | 54.3B | |
Net Tangible Assets | 87.1B | 131.0B | 122.9B | 198.7B | 228.5B | 240.0B | |
Retained Earnings Total Equity | 31.2B | 52.6B | 85.9B | 83.2B | 95.7B | 100.5B | |
Long Term Debt Total | 23.4B | 31.8B | 48.7B | 67.2B | 77.2B | 81.1B | |
Capital Surpluse | 33.7B | 42.9B | 55.5B | 75.1B | 86.3B | 90.6B |
Pair Trading with Amazon
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 Amazon 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 Amazon will appreciate offsetting losses from the drop in the long position's value.Moving against Amazon Stock
0.94 | BQ | Boqii Holding Limited | PairCorr |
0.92 | LL | LL Flooring Holdings | PairCorr |
0.76 | DLTH | Duluth Holdings Financial Report 6th of June 2024 | PairCorr |
0.45 | MNSO | Miniso Group HoldingLtd Fiscal Quarter End 31st of March 2024 | PairCorr |
The ability to find closely correlated positions to Amazon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amazon 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 Amazon - 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 Amazon Inc to buy it.
The correlation of Amazon 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 Amazon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amazon Inc 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 Amazon 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Amazon 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 nation. Note that the Amazon Inc information on this page should be used as a complementary analysis to other Amazon's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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When running Amazon's price analysis, check to measure Amazon'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 Amazon is operating at the current time. Most of Amazon's value examination focuses on studying past and present price action to predict the probability of Amazon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amazon's price. Additionally, you may evaluate how the addition of Amazon to your portfolios can decrease your overall portfolio volatility.
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Is Amazon'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 Amazon. If investors know Amazon 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 Amazon 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 50.693 | Earnings Share 2.91 | Revenue Per Share 55.783 | Quarterly Revenue Growth 0.139 | Return On Assets 0.0465 |
The market value of Amazon Inc is measured differently than its book value, which is the value of Amazon that is recorded on the company's balance sheet. Investors also form their own opinion of Amazon's value that differs from its market value or its book value, called intrinsic value, which is Amazon'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 Amazon's market value can be influenced by many factors that don't directly affect Amazon'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 Amazon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amazon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amazon'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.