Dollar Tax Assets vs Inventories Analysis

DG Stock  USD 154.21  3.55  2.36%   
Trend analysis of Dollar General balance sheet accounts such as Other Current Liabilities of 1 B provides information on Dollar General's total assets, liabilities, and equity, which is the actual value of Dollar General to its prevalent stockholders. By breaking down trends over time using Dollar General balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar General. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For more detail on how to invest in Dollar Stock please use our How to Invest in Dollar General guide.

About Dollar Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Dollar General at a specified time, usually calculated after every quarter, six months, or one year. Dollar General Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dollar General and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Dollar currently owns. An asset can also be divided into two categories, current and non-current.

Dollar General Balance Sheet Chart

Dollar General Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Dollar General uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Dollar General's Other Current Liabilities is most likely to increase significantly in the upcoming years. The Dollar General's current Total Current Liabilities is estimated to increase to about 7.1 B, while Other Assets are projected to decrease to roughly 38.3 M.

Total Assets

Total assets refers to the total amount of Dollar General assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Dollar General books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Dollar General balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Dollar General are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Dollar General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dollar General 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar General. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For more detail on how to invest in Dollar Stock please use our How to Invest in Dollar General guide.At this time, Dollar General's Tax Provision is most likely to decrease significantly in the upcoming years. The Dollar General's current Enterprise Value Multiple is estimated to increase to 16.16, while Selling General Administrative is projected to decrease to roughly 5.1 B.
 2021 2022 2023 2024 (projected)
Gross Profit10.8B11.8B11.7B12.3B
Total Revenue34.2B37.8B38.7B40.6B

Dollar General fundamental ratios Correlations

0.980.610.990.70.980.980.620.521.00.380.52-0.820.980.980.830.730.990.980.980.940.960.840.04-0.010.68
0.980.510.970.551.01.00.470.490.980.310.49-0.840.990.940.730.60.990.990.930.950.920.84-0.11-0.160.66
0.610.510.640.70.540.490.770.530.610.670.53-0.440.530.570.530.580.560.570.60.570.650.390.250.210.23
0.990.970.640.70.970.960.640.540.980.350.54-0.870.960.980.830.710.980.960.980.930.980.88-0.01-0.060.63
0.70.550.70.70.550.540.940.480.670.280.48-0.460.570.750.780.960.60.550.760.510.750.520.620.590.55
0.981.00.540.970.551.00.50.50.980.320.5-0.850.990.930.720.590.990.990.930.950.930.85-0.13-0.180.63
0.981.00.490.960.541.00.460.450.980.310.45-0.840.990.940.730.590.990.990.930.950.920.85-0.12-0.170.66
0.620.470.770.640.940.50.460.520.60.370.52-0.490.490.660.680.80.530.50.690.470.70.510.450.420.33
0.520.490.530.540.480.50.450.520.50.181.0-0.380.480.470.30.410.50.470.570.430.560.380.10.080.29
1.00.980.610.980.670.980.980.60.50.40.5-0.810.990.970.810.710.990.980.960.950.950.830.03-0.020.68
0.380.310.670.350.280.320.310.370.180.40.18-0.20.390.320.420.190.380.450.320.530.240.160.05-0.020.01
0.520.490.530.540.480.50.450.521.00.50.18-0.380.480.470.30.410.50.470.570.430.560.380.10.080.29
-0.82-0.84-0.44-0.87-0.46-0.85-0.84-0.49-0.38-0.81-0.2-0.38-0.82-0.86-0.73-0.43-0.84-0.83-0.85-0.82-0.87-0.890.370.41-0.34
0.980.990.530.960.570.990.990.490.480.990.390.48-0.820.940.770.621.00.990.940.960.910.83-0.08-0.130.66
0.980.940.570.980.750.930.940.660.470.970.320.47-0.860.940.910.780.960.930.990.90.970.870.070.020.66
0.830.730.530.830.780.720.730.680.30.810.420.3-0.730.770.910.810.790.760.890.770.820.760.230.180.55
0.730.60.580.710.960.590.590.80.410.710.190.41-0.430.620.780.810.640.570.780.530.750.520.660.630.69
0.990.990.560.980.60.990.990.530.50.990.380.5-0.841.00.960.790.640.990.950.960.940.85-0.06-0.110.66
0.980.990.570.960.550.990.990.50.470.980.450.47-0.830.990.930.760.570.990.920.980.90.83-0.13-0.180.61
0.980.930.60.980.760.930.930.690.570.960.320.57-0.850.940.990.890.780.950.920.890.970.860.080.030.65
0.940.950.570.930.510.950.950.470.430.950.530.43-0.820.960.90.770.530.960.980.890.850.81-0.15-0.210.52
0.960.920.650.980.750.930.920.70.560.950.240.56-0.870.910.970.820.750.940.90.970.850.880.040.00.64
0.840.840.390.880.520.850.850.510.380.830.160.38-0.890.830.870.760.520.850.830.860.810.88-0.21-0.250.53
0.04-0.110.25-0.010.62-0.13-0.120.450.10.030.050.10.37-0.080.070.230.66-0.06-0.130.08-0.150.04-0.210.990.41
-0.01-0.160.21-0.060.59-0.18-0.170.420.08-0.02-0.020.080.41-0.130.020.180.63-0.11-0.180.03-0.210.0-0.250.990.36
0.680.660.230.630.550.630.660.330.290.680.010.29-0.340.660.660.550.690.660.610.650.520.640.530.410.36
Click cells to compare fundamentals

Dollar General Account Relationship Matchups

Dollar General fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets22.8B25.9B26.3B29.1B33.7B35.4B
Short Long Term Debt Total11.7B13.6B14.2B17.7B18.1B19.0B
Other Current Liab717.5M1.0B1.1B(15.1M)971.9M1.0B
Total Current Liabilities4.5B5.7B6.0B5.9B6.7B7.1B
Total Stockholder Equity6.7B6.7B6.3B5.5B6.7B7.1B
Property Plant And Equipment Net12.1B13.4B14.4B15.9B17.2B18.0B
Net Debt11.5B12.2B13.9B17.3B17.6B18.4B
Retained Earnings3.2B3.0B2.5B1.7B2.8B2.9B
Cash240.3M1.4B344.8M381.6M537.3M564.1M
Non Current Assets Total17.6B18.9B20.0B21.5B25.7B27.0B
Non Currrent Assets Other34.1M36.6M46.1M(1.0B)1.2B1.3B
Cash And Short Term Investments240.3M1.4B344.8M381.6M537.3M564.1M
Common Stock Shares Outstanding258.1M250.1M235.8M226.3M219.9M240.6M
Liabilities And Stockholders Equity22.8B25.9B26.3B29.1B33.7B35.4B
Non Current Liabilities Total11.6B13.5B14.1B17.7B20.3B21.3B
Inventory4.7B5.2B5.6B6.8B7.0B7.3B
Other Current Assets184.2M199.4M247.3M302.9M366.9M385.3M
Other Stockholder Equity3.3B3.4B3.6B3.7B3.8B3.9B
Total Liab16.1B19.2B20.1B23.5B27.0B28.3B
Property Plant And Equipment Gross12.1B13.4B14.4B15.9B21.7B22.8B
Total Current Assets5.2B6.9B6.3B7.6B8.0B8.4B
Accumulated Other Comprehensive Income(3.1M)(2.2M)(1.2M)43K493K517.7K
Short Term Debt965.4M1.1B1.2B1.3B2.2B2.3B
Accounts Payable2.9B3.6B3.7B3.6B3.6B3.8B
Net Receivables76.5M90.8M97.4M135.8M112.3M117.9M
Common Stock Total Equity220.4M210.7M201.3M191.7M220.5M214.4M
Common Stock220.4M210.7M201.3M191.7M192.2M214.2M
Other Assets34.1M36.6M46.1M57.7M52.0M38.3M
Long Term Debt2.9B4.1B4.2B7.0B6.2B6.5B
Property Plant Equipment3.3B13.4B4.3B15.9B18.3B19.2B
Other Liab847.9M974.2M1.0B1.3B1.5B1.5B
Intangible Assets1.2B1.2B1.2B1.2B1.1B983.7M
Net Tangible Assets9.0B1.1B9.6B9.4B10.8B11.3B
Retained Earnings Total Equity3.2B3.0B2.5B1.7B1.9B2.2B
Long Term Debt Total2.9B4.1B4.2B7.0B8.1B8.5B
Capital Surpluse3.3B3.4B3.6B3.7B4.2B3.6B
Deferred Long Term Liab675.2M710.5M825.3M1.1B1.2B637.0M

Pair Trading with Dollar General

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

Moving together with Dollar Stock

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Moving against Dollar Stock

  0.82HFFG Hf Foods GroupPairCorr
  0.79IH IhumanInc Report 29th of March 2024 PairCorr
  0.66ACI Albertsons Companies Report 9th of April 2024 PairCorr
  0.63WBUY WEBUY GLOBAL LTDPairCorr
  0.51MDLZ Mondelez International Financial Report 25th of April 2024 PairCorr
The ability to find closely correlated positions to Dollar General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dollar General 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 Dollar General - 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 Dollar General to buy it.
The correlation of Dollar General 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 Dollar General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dollar General 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 Dollar General 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 Dollar General is a strong investment it is important to analyze Dollar General's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dollar General's future performance. For an informed investment choice regarding Dollar Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dollar General. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For more detail on how to invest in Dollar Stock please use our How to Invest in Dollar General guide.
Note that the Dollar General information on this page should be used as a complementary analysis to other Dollar General'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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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Is Dollar General'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 Dollar General. If investors know Dollar 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 Dollar General 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
(0.39)
Dividend Share
2.36
Earnings Share
7.55
Revenue Per Share
176.34
Quarterly Revenue Growth
(0.03)
The market value of Dollar General is measured differently than its book value, which is the value of Dollar that is recorded on the company's balance sheet. Investors also form their own opinion of Dollar General's value that differs from its market value or its book value, called intrinsic value, which is Dollar General'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 Dollar General's market value can be influenced by many factors that don't directly affect Dollar General'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 Dollar General's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dollar General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dollar General'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.