Dicks Free Cash Flow per Share vs Total Assets Analysis

DKS Stock  USD 222.59  5.15  2.37%   
Dicks Sporting financial indicator trend analysis is much more than just examining Dicks Sporting Goods latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dicks Sporting Goods is a good investment. Please check the relationship between Dicks Sporting Free Cash Flow Per Share and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dicks Sporting Goods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

Free Cash Flow Per Share vs Total Assets

Free Cash Flow per Share vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dicks Sporting Goods Free Cash Flow per Share account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Dicks Sporting's Free Cash Flow per Share and Total Assets is 0.84. Overlapping area represents the amount of variation of Free Cash Flow per Share that can explain the historical movement of Total Assets in the same time period over historical financial statements of Dicks Sporting Goods, assuming nothing else is changed. The correlation between historical values of Dicks Sporting's Free Cash Flow per Share and Total 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 Free Cash Flow per Share of Dicks Sporting Goods are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Free Cash Flow per Share i.e., Dicks Sporting's Free Cash Flow per Share and Total Assets go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Total Assets

Total assets refers to the total amount of Dicks Sporting 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 Dicks Sporting Goods 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.
Most indicators from Dicks Sporting's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dicks Sporting Goods 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 Dicks Sporting Goods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
Selling General Administrative is likely to gain to about 2.9 B in 2024, whereas Tax Provision is likely to drop slightly above 243.1 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit4.7B4.3B4.5B4.8B
Total Revenue12.3B12.4B13.0B13.6B

Dicks Sporting fundamental ratios Correlations

0.630.970.440.920.150.970.95-0.90.990.980.931.0-0.260.820.860.870.18-0.090.960.940.970.260.870.960.86
0.630.60.070.730.580.460.69-0.380.550.630.570.660.220.870.450.350.710.460.60.410.570.570.330.570.45
0.970.60.410.870.090.940.94-0.860.970.90.880.98-0.260.820.740.770.14-0.120.90.921.00.280.920.920.74
0.440.070.410.27-0.560.60.29-0.590.530.470.320.42-0.580.40.590.6-0.34-0.710.430.620.420.040.560.410.59
0.920.730.870.270.410.810.93-0.770.870.920.950.92-0.040.760.760.770.360.220.90.780.850.210.680.910.76
0.150.580.09-0.560.41-0.060.250.190.030.180.190.160.450.230.06-0.040.680.950.11-0.10.050.39-0.20.090.06
0.970.460.940.60.81-0.060.87-0.930.990.940.870.95-0.440.740.880.92-0.02-0.310.920.990.950.180.930.920.88
0.950.690.940.290.930.250.87-0.870.910.920.930.95-0.040.790.70.780.370.050.910.830.930.250.810.960.7
-0.9-0.38-0.86-0.59-0.770.19-0.93-0.87-0.92-0.89-0.89-0.870.31-0.63-0.78-0.92-0.020.39-0.89-0.91-0.870.04-0.87-0.95-0.78
0.990.550.970.530.870.030.990.91-0.920.960.90.98-0.360.790.870.90.07-0.220.940.980.970.230.910.940.87
0.980.630.90.470.920.180.940.92-0.890.960.930.96-0.260.780.920.920.2-0.070.970.920.90.230.790.950.92
0.930.570.880.320.950.190.870.93-0.890.90.930.92-0.160.670.790.860.220.010.950.840.88-0.010.760.970.79
1.00.660.980.420.920.160.950.95-0.870.980.960.92-0.210.850.830.830.21-0.070.960.920.970.310.850.950.83
-0.260.22-0.26-0.58-0.040.45-0.44-0.040.31-0.36-0.26-0.16-0.21-0.03-0.45-0.420.590.53-0.2-0.54-0.30.28-0.52-0.16-0.45
0.820.870.820.40.760.230.740.79-0.630.790.780.670.85-0.030.650.570.410.020.770.710.80.620.640.720.65
0.860.450.740.590.760.060.880.7-0.780.870.920.790.83-0.450.650.92-0.02-0.210.880.880.740.180.670.791.0
0.870.350.770.60.77-0.040.920.78-0.920.90.920.860.83-0.420.570.92-0.01-0.30.870.910.78-0.020.770.890.92
0.180.710.14-0.340.360.68-0.020.37-0.020.070.20.220.210.590.41-0.02-0.010.660.2-0.090.10.39-0.130.23-0.02
-0.090.46-0.12-0.710.220.95-0.310.050.39-0.22-0.070.01-0.070.530.02-0.21-0.30.66-0.11-0.34-0.160.23-0.39-0.12-0.21
0.960.60.90.430.90.110.920.91-0.890.940.970.950.96-0.20.770.880.870.2-0.110.890.90.160.770.960.88
0.940.410.920.620.78-0.10.990.83-0.910.980.920.840.92-0.540.710.880.91-0.09-0.340.890.940.130.940.880.88
0.970.571.00.420.850.050.950.93-0.870.970.90.880.97-0.30.80.740.780.1-0.160.90.940.250.940.910.74
0.260.570.280.040.210.390.180.250.040.230.23-0.010.310.280.620.18-0.020.390.230.160.130.250.090.080.18
0.870.330.920.560.68-0.20.930.81-0.870.910.790.760.85-0.520.640.670.77-0.13-0.390.770.940.940.090.820.67
0.960.570.920.410.910.090.920.96-0.950.940.950.970.95-0.160.720.790.890.23-0.120.960.880.910.080.820.79
0.860.450.740.590.760.060.880.7-0.780.870.920.790.83-0.450.651.00.92-0.02-0.210.880.880.740.180.670.79
Click cells to compare fundamentals

Dicks Sporting Account Relationship Matchups

Dicks Sporting fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.6B7.8B9.0B9.0B9.3B9.8B
Total Stockholder Equity1.7B2.3B2.1B2.5B2.6B1.3B
Non Current Assets Total4.2B4.0B3.9B4.0B4.4B4.6B
Non Currrent Assets Other133.9M155.6M202.9M230.2M185.7M113.8M
Other Assets148.3M207.1M237.9M271.4M312.2M327.8M
Common Stock Shares Outstanding89.1M92.6M109.6M99.3M85.9M107.2M
Liabilities And Stockholders Equity6.6B7.8B9.0B9.0B9.3B9.8B
Non Current Liabilities Total2.8B2.9B4.2B3.8B3.9B4.1B
Inventory2.2B2.0B2.3B2.8B2.8B3.0B
Other Stockholder Equity(914.4M)(726.0M)(1.9B)(2.4B)(3.0B)(2.8B)
Total Liab4.9B5.4B6.9B6.5B6.7B7.0B
Total Current Assets2.4B3.8B5.1B5.0B4.9B5.1B
Other Current Liab426.0M559.1M633.6M658.0M916.3M962.1M
Total Current Liabilities2.1B2.6B2.7B2.6B2.8B2.9B
Other Liab140.4M183.6M197.5M167.7M192.9M293.4M
Accounts Payable1.0B1.3B1.3B1.2B1.3B644.5M
Cash69.3M1.7B2.6B1.9B1.8B1.9B
Long Term Debt224.1M418.5M1.9B1.5B1.8B1.9B
Other Current Assets79.5M88.5M95.6M128.4M121.0M84.1M
Common Stock836K849K756K821K804K924.3K
Property Plant Equipment1.4B3.5B3.4B3.5B4.0B4.2B
Short Long Term Debt Total3.1B3.2B4.5B4.2B4.3B4.5B
Property Plant And Equipment Net3.7B3.5B3.4B3.5B3.9B4.1B
Current Deferred Revenue226.0M260.3M317.4M230.6M54.5M51.8M
Net Debt3.0B1.5B1.9B2.3B2.5B2.6B
Retained Earnings2.6B3.1B4.0B4.9B5.6B5.9B
Cash And Short Term Investments69.3M1.7B2.6B1.9B1.8B1.9B
Net Receivables58.9M59.5M70.2M79.5M119.0M60.9M
Short Term Debt423.0M472.7M480.3M546.8M492.9M517.5M
Common Stock Total Equity1.0M938K836K849K976.4K1.0M
Property Plant And Equipment Gross3.7B3.5B3.4B3.5B4.0B4.2B
Intangible Assets94.8M90.1M86.8M60.4M54.3M80.3M
Net Tangible Assets1.4B2.0B1.8B2.2B2.6B1.7B
Long Term Debt Total224.1M418.5M1.9B1.5B1.8B1.9B
Capital Surpluse1.3B1.4B1.5B1.4B1.6B1.2B

Pair Trading with Dicks Sporting

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

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The ability to find closely correlated positions to Dicks Sporting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dicks Sporting 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 Dicks Sporting - 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 Dicks Sporting Goods to buy it.
The correlation of Dicks Sporting 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 Dicks Sporting moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dicks Sporting Goods 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 Dicks Sporting 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 Dicks Sporting Goods is a strong investment it is important to analyze Dicks Sporting'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 Dicks Sporting's future performance. For an informed investment choice regarding Dicks Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dicks Sporting Goods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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Is Dicks Sporting'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 Dicks Sporting. If investors know Dicks 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 Dicks Sporting 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
0.371
Dividend Share
4
Earnings Share
11.23
Revenue Per Share
157.765
Quarterly Revenue Growth
0.078
The market value of Dicks Sporting Goods is measured differently than its book value, which is the value of Dicks that is recorded on the company's balance sheet. Investors also form their own opinion of Dicks Sporting's value that differs from its market value or its book value, called intrinsic value, which is Dicks Sporting'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 Dicks Sporting's market value can be influenced by many factors that don't directly affect Dicks Sporting'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 Dicks Sporting's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dicks Sporting is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dicks Sporting'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.