Costco Cash And Short Term Investments vs Intangible Assets Analysis
COST Stock | USD 795.81 2.74 0.35% |
Costco Wholesale financial indicator trend analysis is way more than just evaluating Costco Wholesale Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Costco Wholesale Corp is a good investment. Please check the relationship between Costco Wholesale Cash And Short Term Investments and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costco Wholesale Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Cash And Short Term Investments vs Intangible Assets
Cash And Short Term Investments vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Costco Wholesale Corp Cash And Short Term Investments account and Intangible Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Costco Wholesale's Cash And Short Term Investments and Intangible Assets is 0.56. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Costco Wholesale Corp, assuming nothing else is changed. The correlation between historical values of Costco Wholesale's Cash And Short Term Investments and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Costco Wholesale Corp are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Cash And Short Term Investments i.e., Costco Wholesale's Cash And Short Term Investments and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Costco Wholesale Corp balance sheet. This account contains Costco Wholesale investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Costco Wholesale Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Most indicators from Costco Wholesale's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Costco Wholesale Corp 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 Costco Wholesale Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. Tax Provision is likely to drop to about 1.7 B in 2024. Selling General Administrative is likely to drop to about 18.4 B in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 27.6B | 29.7B | 34.2B | 35.9B | Total Revenue | 227.0B | 242.3B | 278.6B | 292.6B |
Costco Wholesale fundamental ratios Correlations
Click cells to compare fundamentals
Costco Wholesale Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Costco Wholesale fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 55.6B | 59.3B | 64.2B | 69.0B | 79.3B | 83.3B | |
Short Long Term Debt Total | 10.2B | 10.1B | 9.0B | 8.9B | 10.2B | 10.7B | |
Other Current Liab | 3.7B | 4.6B | 11.9B | 6.3B | 7.2B | 7.6B | |
Total Current Liabilities | 24.8B | 29.4B | 32.0B | 33.6B | 38.6B | 40.6B | |
Total Stockholder Equity | 18.3B | 17.6B | 20.6B | 25.1B | 28.8B | 30.3B | |
Property Plant And Equipment Net | 24.6B | 26.4B | 27.4B | 29.4B | 33.8B | 35.5B | |
Net Debt | (2.1B) | (1.1B) | (1.2B) | (4.8B) | (4.3B) | (4.1B) | |
Retained Earnings | 12.9B | 11.7B | 15.6B | 19.5B | 22.4B | 23.6B | |
Cash | 12.3B | 11.3B | 10.2B | 13.7B | 15.8B | 16.5B | |
Non Current Assets Total | 27.4B | 29.8B | 31.5B | 33.1B | 38.1B | 40.0B | |
Non Currrent Assets Other | 2.8B | 3.4B | 4.1B | 3.7B | 4.3B | 4.5B | |
Cash And Short Term Investments | 13.3B | 12.2B | 11.0B | 15.2B | 17.5B | 18.4B | |
Net Receivables | 1.6B | 1.8B | 2.2B | 2.3B | 2.6B | 2.8B | |
Common Stock Shares Outstanding | 443.9M | 444.3M | 444.8M | 444.5M | 511.1M | 442.2M | |
Liabilities And Stockholders Equity | 55.6B | 59.3B | 64.2B | 69.0B | 79.3B | 83.3B | |
Non Current Liabilities Total | 12.0B | 11.7B | 11.5B | 10.4B | 11.9B | 12.5B | |
Inventory | 12.2B | 14.2B | 17.9B | 16.7B | 19.1B | 20.1B | |
Other Current Assets | 1.0B | 1.3B | 1.5B | 1.7B | 2.0B | 1.2B | |
Other Stockholder Equity | 6.7B | 7.0B | 6.9B | 7.3B | 8.4B | 8.9B | |
Total Liab | 36.9B | 41.2B | 43.5B | 43.9B | 50.5B | 53.1B | |
Total Current Assets | 28.1B | 29.5B | 32.7B | 35.9B | 41.3B | 43.3B | |
Accumulated Other Comprehensive Income | (1.3B) | (1.1B) | (1.8B) | (1.8B) | (1.6B) | (1.5B) | |
Short Term Debt | 95M | 799M | 73M | 1.1B | 1.2B | 673.1M | |
Accounts Payable | 14.2B | 16.3B | 17.8B | 17.5B | 20.1B | 21.1B | |
Short Term Investments | 1.0B | 917M | 846M | 1.5B | 1.8B | 1.0B | |
Current Deferred Revenue | 6.8B | 7.8B | 2.2B | 8.8B | 10.1B | 10.6B | |
Good Will | 988M | 940M | 993M | 994M | 1.1B | 1.2B | |
Other Assets | 978M | 1.1B | 4.1B | 1.4B | 1.6B | 1.6B | |
Long Term Debt | 7.5B | 6.7B | 6.5B | 5.4B | 4.8B | 5.1B | |
Long Term Debt Total | 8.2B | 7.7B | 6.5B | 6.7B | 7.7B | 7.5B | |
Capital Surpluse | 6.7B | 7.0B | 6.9B | 7.3B | 8.4B | 7.3B | |
Cash And Equivalents | 12.3B | 11.3B | 10.2B | 13.7B | 15.8B | 10.4B | |
Property Plant Equipment | 25.2B | 27.4B | 27.4B | 30.7B | 35.3B | 26.6B | |
Other Liab | 1.3B | 1.4B | 2.6B | 1.2B | 1.4B | 1.6B | |
Net Tangible Assets | 17.3B | 16.6B | 20.6B | 24.1B | 27.7B | 19.5B | |
Net Invested Capital | 25.9B | 25.1B | 27.2B | 31.5B | 36.2B | 27.7B | |
Non Current Liabilities Other | 1.9B | 2.4B | 2.6B | 2.6B | 2.9B | 2.2B | |
Net Working Capital | 3.3B | 64M | 698M | 2.3B | 2.6B | 2.8B | |
Short Long Term Debt | 95M | 799M | 73M | 1.1B | 972.9M | 599.5M |
Pair Trading with Costco Wholesale
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 Costco Wholesale 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 Costco Wholesale will appreciate offsetting losses from the drop in the long position's value.Moving against Costco Stock
0.71 | GO | Grocery Outlet Holding | PairCorr |
0.46 | DNUT | Krispy Kreme | PairCorr |
0.45 | EL | Estee Lauder Companies Fiscal Year End 16th of August 2024 | PairCorr |
The ability to find closely correlated positions to Costco Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Costco Wholesale 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 Costco Wholesale - 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 Costco Wholesale Corp to buy it.
The correlation of Costco Wholesale 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 Costco Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Costco Wholesale Corp 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 Costco Wholesale 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 Costco Wholesale Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Costco Stock analysis
When running Costco Wholesale's price analysis, check to measure Costco Wholesale'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 Costco Wholesale is operating at the current time. Most of Costco Wholesale's value examination focuses on studying past and present price action to predict the probability of Costco Wholesale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Costco Wholesale's price. Additionally, you may evaluate how the addition of Costco Wholesale to your portfolios can decrease your overall portfolio volatility.
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
Is Costco Wholesale'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 Costco Wholesale. If investors know Costco 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 Costco Wholesale 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 0.188 | Dividend Share 4.08 | Earnings Share 15.28 | Revenue Per Share 560.607 | Quarterly Revenue Growth 0.057 |
The market value of Costco Wholesale Corp is measured differently than its book value, which is the value of Costco that is recorded on the company's balance sheet. Investors also form their own opinion of Costco Wholesale's value that differs from its market value or its book value, called intrinsic value, which is Costco Wholesale'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 Costco Wholesale's market value can be influenced by many factors that don't directly affect Costco Wholesale'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 Costco Wholesale's value and its price as these two are different measures arrived at by different means. Investors typically determine if Costco Wholesale is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Costco Wholesale'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.