Dicks Net Income vs Cost of Revenue 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 Net Income and its Cost Of Revenue 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.

Net Income vs Cost Of Revenue

Net Income vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dicks Sporting Goods Net Income account and Cost of Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Dicks Sporting's Net Income and Cost of Revenue is 0.8. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cost of Revenue 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 Net Income 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 Net Income of Dicks Sporting Goods 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 Net Income i.e., Dicks Sporting's Net Income and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

0.8
Relationship DirectionPositive 
Relationship StrengthStrong

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Dicks Sporting Goods financial statement analysis. It represents the amount of money remaining after all of Dicks Sporting Goods operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Cost Of Revenue

Cost of Revenue is found on Dicks Sporting Goods income statement and represents the costs associated with goods and services Dicks Sporting 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 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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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
0.371
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.