Carvana Inventory Turnover vs Cost of Revenue Analysis
CVNA Stock | USD 75.35 0.27 0.36% |
Carvana financial indicator trend analysis is way more than just evaluating Carvana prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carvana is a good investment. Please check the relationship between Carvana Inventory Turnover and its Cost Of Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carvana Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Inventory Turnover vs Cost Of Revenue
Inventory Turnover vs Cost of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Carvana Inventory Turnover account and Cost of Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Carvana's Inventory Turnover and Cost of Revenue is 0.71. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of Carvana Co, assuming nothing else is changed. The correlation between historical values of Carvana's Inventory Turnover 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 Inventory Turnover of Carvana Co 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 Inventory Turnover i.e., Carvana's Inventory Turnover and Cost of Revenue go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.Cost Of Revenue
Cost of Revenue is found on Carvana income statement and represents the costs associated with goods and services Carvana 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 Carvana's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carvana 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 Carvana Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At present, Carvana's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 588.3 M, whereas Selling General Administrative is forecasted to decline to about 812.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 176M | 486M | 632M | 663.6M | Depreciation And Amortization | 105M | 261M | 352M | 369.6M |
Carvana fundamental ratios Correlations
Click cells to compare fundamentals
Carvana Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Carvana fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.1B | 3.0B | 7.0B | 8.7B | 7.1B | 7.4B | |
Total Current Liabilities | 864.9M | 467.1M | 2.9B | 2.6B | 1.5B | 1.0B | |
Total Stockholder Equity | 98.1M | 387.6M | 306M | (518M) | 243M | 255.2M | |
Net Tangible Assets | 81.5M | 372.6M | 293M | (588M) | (529.2M) | (502.7M) | |
Accounts Payable | 234.4M | 66.5M | 141M | 216M | 224M | 116.4M | |
Cash | 76.0M | 300.8M | 403M | 434M | 530M | 556.5M | |
Net Receivables | 39.9M | 85.0M | 206M | 253M | 266M | 279.3M | |
Common Stock Shares Outstanding | 46.8M | 65.0M | 82.8M | 100.8M | 200.6M | 210.6M | |
Inventory | 762.7M | 1.0B | 3.1B | 1.9B | 1.2B | 978.3M | |
Other Current Assets | 151.4M | 197.9M | 545M | 503M | 138M | 174.4M | |
Total Liab | 1.9B | 2.2B | 6.5B | 9.8B | 7.5B | 7.8B | |
Short Long Term Debt | 617.6M | 105.3M | 2.2B | 1.7B | 857M | 682.9M | |
Total Current Assets | 1.4B | 1.9B | 4.9B | 4.6B | 3.3B | 1.9B | |
Short Term Debt | 617.6M | 108.8M | 2.2B | 1.7B | 857M | 683.3M | |
Common Stock | 133K | 145K | 152K | 173K | 155.7K | 147.9K | |
Property Plant Equipment | 666.9M | 1.1B | 1.9B | 3.8B | 4.3B | 4.6B | |
Short Long Term Debt Total | 1.6B | 1.9B | 5.8B | 8.8B | 6.7B | 7.0B | |
Other Current Liab | 6.5M | 275.0M | 510M | 618M | 425M | 246.9M | |
Other Liab | 1.8M | 1.4M | 31M | 78M | 70.2M | 44.7M | |
Property Plant And Equipment Net | 666.9M | 1.1B | 1.9B | 3.8B | 3.4B | 3.6B | |
Net Debt | 1.5B | 1.6B | 5.4B | 8.4B | 6.2B | 6.5B | |
Retained Earnings | (183.0M) | (354.2M) | (489M) | (2.1B) | (1.6B) | (1.5B) | |
Non Current Assets Total | 698.3M | 1.1B | 2.1B | 4.1B | 3.8B | 3.9B | |
Cash And Short Term Investments | 76.0M | 300.8M | 403M | 434M | 896M | 940.8M | |
Common Stock Total Equity | 133K | 145K | 152K | 173K | 155.7K | 147.9K | |
Liabilities And Stockholders Equity | 2.1B | 3.0B | 7.0B | 8.7B | 7.1B | 3.7B | |
Non Current Liabilities Total | 1.0B | 1.8B | 3.6B | 7.2B | 5.9B | 6.2B | |
Other Stockholder Equity | 281.0M | 741.6M | 795M | 1.6B | 1.9B | 2.0B | |
Property Plant And Equipment Gross | 666.9M | 1.1B | 1.9B | 3.8B | 4.2B | 4.4B | |
Non Currrent Assets Other | 14.9M | 31.8M | 181M | 254M | 261M | 274.1M | |
Long Term Debt | 883.1M | 1.6B | 3.2B | 6.6B | 5.4B | 5.7B | |
Long Term Debt Total | 883.1M | 1.6B | 3.2B | 6.6B | 7.6B | 7.9B | |
Non Current Liabilities Other | 1.8M | 148.9M | 392M | 78M | 70M | 97.1M | |
Current Deferred Revenue | 6.4M | 16.9M | 34M | 23M | 30M | 31.5M | |
Noncontrolling Interest In Consolidated Entity | 93.8M | 413.9M | 219M | (535M) | (481.5M) | (457.4M) | |
Other Assets | 14.9M | 187.2M | 181M | 254M | 292.1M | 306.7M |
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
0.83 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
0.71 | JD | JD Inc Adr Aggressive Push | PairCorr |
Moving against Carvana Stock
0.9 | AAN | Aarons | PairCorr |
0.72 | BGI | Birks Group | PairCorr |
0.7 | EXPE | Expedia Group Earnings Call Next Week | PairCorr |
0.59 | ETSY | Etsy Inc Earnings Call This Week | PairCorr |
0.57 | WEYS | Weyco Group | PairCorr |
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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carvana Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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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.