Dicks Invested Capital vs Receivables Turnover Analysis

DKS Stock

USD 196.93 1.77 0.89%

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 Invested Capital and its Receivables Turnover 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.

Invested Capital vs Receivables Turnover

Invested Capital vs Receivables Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dicks Sporting Goods Invested Capital account and Receivables Turnover. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Dicks Sporting's Invested Capital and Receivables Turnover is 0.98. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Receivables Turnover 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 Invested Capital and Receivables 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 Invested Capital of Dicks Sporting Goods are associated (or correlated) with its Receivables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Receivables Turnover has no effect on the direction of Invested Capital i.e., Dicks Sporting's Invested Capital and Receivables Turnover go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Dicks Sporting Goods. There are two different methods for calculating Dicks Sporting Goods invested capital: operating approach and financing approach. Understanding Dicks Sporting invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Receivables Turnover

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.

At this time, Dicks Sporting's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.22 in 2024, whereas Tax Provision is likely to drop slightly above 249.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	4.7B	4.3B	4.5B	4.8B
Total Revenue	12.3B	12.4B	13.0B	13.6B

Gross Profit Total Revenue

Dicks Sporting fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Total Current Liabilities	Other Liab	Accounts Payable	Cash	Long Term Debt	Other Current Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Cash And Short Term Investments
Total Assets		0.61	0.98	0.32	0.93	0.14	0.97	0.95	-0.91	0.99	0.98	0.97	0.99	-0.26	0.79	0.85	0.87	0.17	-0.09	0.97	0.94	0.97	0.71	0.87	0.97	0.85
Total Stockholder Equity	0.61		0.55	-0.03	0.73	0.58	0.43	0.69	-0.38	0.52	0.63	0.67	0.66	0.22	0.87	0.45	0.37	0.71	0.46	0.6	0.41	0.57	0.85	0.33	0.57	0.45
Non Current Assets Total	0.98	0.55		0.26	0.89	0.07	0.96	0.94	-0.9	0.97	0.91	0.93	0.97	-0.26	0.76	0.74	0.79	0.12	-0.13	0.92	0.92	0.99	0.67	0.92	0.95	0.74
Non Currrent Assets Other	0.32	-0.03	0.26		0.16	-0.54	0.44	0.19	-0.46	0.4	0.37	0.25	0.33	-0.55	0.31	0.52	0.54	-0.39	-0.7	0.32	0.53	0.32	0.15	0.47	0.29	0.52
Other Assets	0.93	0.73	0.89	0.16		0.41	0.83	0.93	-0.77	0.88	0.92	0.98	0.92	-0.04	0.76	0.76	0.75	0.36	0.22	0.9	0.78	0.85	0.7	0.68	0.91	0.76
Common Stock Shares Outstanding	0.14	0.58	0.07	-0.54	0.41		-0.07	0.25	0.19	0.02	0.18	0.27	0.16	0.45	0.23	0.06	-0.04	0.68	0.95	0.11	-0.1	0.05	0.38	-0.2	0.09	0.06
Non Current Liabilities Total	0.97	0.43	0.96	0.44	0.83	-0.07		0.88	-0.95	0.99	0.94	0.91	0.94	-0.43	0.7	0.86	0.92	-0.03	-0.3	0.93	0.98	0.94	0.58	0.92	0.94	0.86
Inventory	0.95	0.69	0.94	0.19	0.93	0.25	0.88		-0.87	0.92	0.92	0.95	0.95	-0.04	0.79	0.7	0.77	0.37	0.05	0.91	0.83	0.93	0.74	0.81	0.96	0.7
Other Stockholder Equity	-0.91	-0.38	-0.9	-0.46	-0.77	0.19	-0.95	-0.87		-0.94	-0.89	-0.86	-0.87	0.31	-0.63	-0.78	-0.9	-0.02	0.39	-0.89	-0.91	-0.87	-0.51	-0.87	-0.95	-0.78
Total Liab	0.99	0.52	0.97	0.4	0.88	0.02	0.99	0.92	-0.94		0.96	0.94	0.97	-0.35	0.76	0.86	0.9	0.06	-0.22	0.95	0.97	0.97	0.66	0.91	0.96	0.86
Total Current Assets	0.98	0.63	0.91	0.37	0.92	0.18	0.94	0.92	-0.89	0.96		0.97	0.96	-0.26	0.78	0.92	0.92	0.2	-0.07	0.97	0.92	0.9	0.7	0.79	0.95	0.92
Other Current Liab	0.97	0.67	0.93	0.25	0.98	0.27	0.91	0.95	-0.86	0.94	0.97		0.97	-0.13	0.78	0.83	0.84	0.29	0.05	0.96	0.86	0.91	0.71	0.76	0.96	0.83
Total Current Liabilities	0.99	0.66	0.97	0.33	0.92	0.16	0.94	0.95	-0.87	0.97	0.96	0.97		-0.21	0.85	0.83	0.83	0.21	-0.07	0.96	0.92	0.97	0.78	0.85	0.95	0.83
Other Liab	-0.26	0.22	-0.26	-0.55	-0.04	0.45	-0.43	-0.04	0.31	-0.35	-0.26	-0.13	-0.21		-0.03	-0.45	-0.43	0.59	0.53	-0.2	-0.54	-0.3	0.17	-0.52	-0.16	-0.45
Accounts Payable	0.79	0.87	0.76	0.31	0.76	0.23	0.7	0.79	-0.63	0.76	0.78	0.78	0.85	-0.03		0.65	0.6	0.41	0.02	0.77	0.71	0.8	0.95	0.64	0.72	0.65
Cash	0.85	0.45	0.74	0.52	0.76	0.06	0.86	0.7	-0.78	0.86	0.92	0.83	0.83	-0.45	0.65		0.93	-0.02	-0.21	0.88	0.88	0.74	0.56	0.67	0.79	1.0
Long Term Debt	0.87	0.37	0.79	0.54	0.75	-0.04	0.92	0.77	-0.9	0.9	0.92	0.84	0.83	-0.43	0.6	0.93		-0.01	-0.31	0.86	0.91	0.77	0.51	0.76	0.87	0.93
Other Current Assets	0.17	0.71	0.12	-0.39	0.36	0.68	-0.03	0.37	-0.02	0.06	0.2	0.29	0.21	0.59	0.41	-0.02	-0.01		0.66	0.2	-0.09	0.1	0.5	-0.13	0.23	-0.02
Common Stock	-0.09	0.46	-0.13	-0.7	0.22	0.95	-0.3	0.05	0.39	-0.22	-0.07	0.05	-0.07	0.53	0.02	-0.21	-0.31	0.66		-0.11	-0.34	-0.16	0.16	-0.39	-0.12	-0.21
Property Plant Equipment	0.97	0.6	0.92	0.32	0.9	0.11	0.93	0.91	-0.89	0.95	0.97	0.96	0.96	-0.2	0.77	0.88	0.86	0.2	-0.11		0.89	0.9	0.68	0.77	0.96	0.88
Short Long Term Debt Total	0.94	0.41	0.92	0.53	0.78	-0.1	0.98	0.83	-0.91	0.97	0.92	0.86	0.92	-0.54	0.71	0.88	0.91	-0.09	-0.34	0.89		0.94	0.58	0.94	0.88	0.88
Property Plant And Equipment Net	0.97	0.57	0.99	0.32	0.85	0.05	0.94	0.93	-0.87	0.97	0.9	0.91	0.97	-0.3	0.8	0.74	0.77	0.1	-0.16	0.9	0.94		0.71	0.94	0.91	0.74
Current Deferred Revenue	0.71	0.85	0.67	0.15	0.7	0.38	0.58	0.74	-0.51	0.66	0.7	0.71	0.78	0.17	0.95	0.56	0.51	0.5	0.16	0.68	0.58	0.71		0.51	0.63	0.56
Net Debt	0.87	0.33	0.92	0.47	0.68	-0.2	0.92	0.81	-0.87	0.91	0.79	0.76	0.85	-0.52	0.64	0.67	0.76	-0.13	-0.39	0.77	0.94	0.94	0.51		0.82	0.67
Retained Earnings	0.97	0.57	0.95	0.29	0.91	0.09	0.94	0.96	-0.95	0.96	0.95	0.96	0.95	-0.16	0.72	0.79	0.87	0.23	-0.12	0.96	0.88	0.91	0.63	0.82		0.79
Cash And Short Term Investments	0.85	0.45	0.74	0.52	0.76	0.06	0.86	0.7	-0.78	0.86	0.92	0.83	0.83	-0.45	0.65	1.0	0.93	-0.02	-0.21	0.88	0.88	0.74	0.56	0.67	0.79

Click cells to compare fundamentals

Dicks Sporting Account Relationship Matchups

Dicks Sporting fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.6B	7.8B	9.0B	9.0B	10.2B	10.7B
Total Stockholder Equity	1.7B	2.3B	2.1B	2.5B	2.6B	1.3B
Non Current Assets Total	4.2B	4.0B	3.9B	4.0B	5.3B	5.5B
Non Currrent Assets Other	133.9M	155.6M	202.9M	230.2M	129.0M	111.4M
Other Assets	148.3M	207.1M	237.9M	271.4M	312.2M	327.8M
Common Stock Shares Outstanding	89.1M	92.6M	109.6M	99.3M	85.9M	107.2M
Liabilities And Stockholders Equity	6.6B	7.8B	9.0B	9.0B	10.2B	10.7B
Non Current Liabilities Total	2.8B	2.9B	4.2B	3.8B	4.8B	5.0B
Inventory	2.2B	2.0B	2.3B	2.8B	2.8B	3.0B
Other Stockholder Equity	(914.4M)	(726.0M)	(1.9B)	(2.4B)	(3.0B)	(2.8B)
Total Liab	4.9B	5.4B	6.9B	6.5B	7.5B	7.9B
Total Current Assets	2.4B	3.8B	5.1B	5.0B	4.9B	5.1B
Other Current Liab	426.0M	559.1M	633.6M	658.0M	722.6M	758.7M
Total Current Liabilities	2.1B	2.6B	2.7B	2.6B	2.8B	2.9B
Other Liab	140.4M	183.6M	197.5M	167.7M	192.9M	293.4M
Accounts Payable	1.0B	1.3B	1.3B	1.2B	1.3B	644.5M
Cash	69.3M	1.7B	2.6B	1.9B	1.8B	1.9B
Long Term Debt	224.1M	418.5M	1.9B	1.5B	1.5B	1.6B
Other Current Assets	79.5M	88.5M	95.6M	128.4M	121.0M	84.1M
Common Stock	836K	849K	756K	821K	804K	924.3K
Property Plant Equipment	1.4B	3.5B	3.4B	3.5B	4.0B	4.2B
Short Long Term Debt Total	3.1B	3.2B	4.5B	4.2B	4.3B	4.5B
Property Plant And Equipment Net	3.7B	3.5B	3.4B	3.5B	3.9B	4.1B
Current Deferred Revenue	226.0M	260.3M	317.4M	230.6M	248.2M	162.7M
Net Debt	3.0B	1.5B	1.9B	2.3B	2.5B	2.6B
Retained Earnings	2.6B	3.1B	4.0B	4.9B	5.6B	5.9B
Cash And Short Term Investments	69.3M	1.7B	2.6B	1.9B	1.8B	1.9B
Net Receivables	58.9M	59.5M	70.2M	79.5M	119.0M	60.9M
Short Term Debt	423.0M	472.7M	480.3M	546.8M	492.9M	517.5M
Common Stock Total Equity	1.0M	938K	836K	849K	976.4K	1.0M
Property Plant And Equipment Gross	3.7B	3.5B	3.4B	3.5B	7.0B	7.3B
Intangible Assets	94.8M	90.1M	86.8M	60.4M	56.7M	78.6M
Net Tangible Assets	1.4B	2.0B	1.8B	2.2B	2.6B	1.7B
Long Term Debt Total	224.1M	418.5M	1.9B	1.5B	1.8B	1.9B
Capital Surpluse	1.3B	1.4B	1.5B	1.4B	1.6B	1.2B

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.

Moving together with Dicks Stock

0.83	W	Wayfair Financial Report 2nd of May 2024	Pair Corr
0.85	JD	JD Inc Adr Financial Report 9th of May 2024	Pair Corr

Moving against Dicks Stock

0.89	BGI	Birks Group	Pair Corr
0.8	BIG	Big Lots Financial Report 24th of May 2024	Pair Corr
0.7	VSCO	Victorias Secret Financial Report 29th of May 2024	Pair Corr
0.7	DIT	AMCON Distributing	Pair Corr
0.68	PDD	Pinduoduo Sell-off Trend	Pair Corr

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 Correlation Correlation 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:

How To Invest In Dicks

Details

Is Dicks Stock a good investment?

Details

What is Dicks Sporting's Net Worth?

Details

Largest Consumer Discretionary Distribution & Retail Companies

View

Largest Consumer Discretionary Companies

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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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Dicks Stock analysis

When running Dicks Sporting's price analysis, check to measure Dicks Sporting'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 Dicks Sporting is operating at the current time. Most of Dicks Sporting's value examination focuses on studying past and present price action to predict the probability of Dicks Sporting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dicks Sporting's price. Additionally, you may evaluate how the addition of Dicks Sporting to your portfolios can decrease your overall portfolio volatility.

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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

0.37

Dividend Share

Earnings Share

12.19

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.

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Dicks Invested Capital vs Receivables Turnover Analysis

Invested Capital vs Receivables Turnover

Invested Capital vs Receivables Turnover Correlation Analysis

Correlation Coefficient

Invested Capital

Receivables Turnover

Dicks Sporting fundamental ratios Correlations

Dicks Sporting Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Dicks Sporting fundamental ratios Accounts

Pair Trading with Dicks Sporting

Moving together with Dicks Stock

Moving against Dicks Stock

Complementary Tools for Dicks Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Non Current Assets Total
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Assets Total	+ 0.98	Total Assets

Retained Earnings	- 0.95	Other Stockholder Equity
Other Stockholder Equity	- 0.95	Non Current Liabilities Total
Total Liab	- 0.94	Other Stockholder Equity
Short Long Term Debt Total	- 0.91	Other Stockholder Equity
Other Stockholder Equity	- 0.91	Total Assets
Long Term Debt	- 0.9	Other Stockholder Equity