FirstCash Retained Earnings vs Inventory Analysis

FCFS Stock

USD 115.54 0.97 0.85%

FirstCash financial indicator trend analysis is much more than just examining FirstCash latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FirstCash is a good investment. Please check the relationship between FirstCash Retained Earnings and its Inventory accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FirstCash. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

For more information on how to buy FirstCash Stock please use our How to Invest in FirstCash guide.

Retained Earnings vs Inventory

Retained Earnings vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FirstCash Retained Earnings account and Inventory. At this time, the significance of the direction appears to have strong relationship.

The correlation between FirstCash's Retained Earnings and Inventory is 0.68. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Inventory in the same time period over historical financial statements of FirstCash, assuming nothing else is changed. The correlation between historical values of FirstCash's Retained Earnings and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of FirstCash are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Retained Earnings i.e., FirstCash's Retained Earnings and Inventory go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Inventory

Most indicators from FirstCash's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FirstCash 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 FirstCash. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

For more information on how to buy FirstCash Stock please use our How to Invest in FirstCash guide.At this time, FirstCash's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 3.5 B in 2024, whereas Selling General Administrative is likely to drop slightly above 91.2 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	919.2M	1.3B	1.5B	1.6B
Total Revenue	1.7B	2.7B	3.2B	3.3B

Gross Profit Total Revenue

FirstCash fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.97	0.67	0.98	0.97	0.95	0.97	0.89	0.78	1.0	0.08	0.78	0.98	0.64	0.98	0.88	0.81	0.98	0.85	0.98	0.34	0.88	0.62	0.5	0.7	0.71
Short Long Term Debt Total	0.97		0.61	0.97	0.89	0.98	1.0	0.93	0.73	0.98	-0.14	0.73	0.91	0.52	1.0	0.75	0.65	1.0	0.89	0.91	0.18	0.94	0.66	0.46	0.61	0.62
Other Current Liab	0.67	0.61		0.52	0.71	0.52	0.6	0.59	0.71	0.63	0.43	0.71	0.71	0.42	0.63	0.74	0.61	0.62	0.63	0.76	0.46	0.67	0.28	-0.06	0.43	0.44
Total Current Liabilities	0.98	0.97	0.52		0.93	0.96	0.97	0.86	0.73	0.98	-0.04	0.73	0.94	0.58	0.97	0.8	0.75	0.98	0.82	0.93	0.27	0.87	0.66	0.59	0.67	0.68
Total Stockholder Equity	0.97	0.89	0.71	0.93		0.88	0.89	0.82	0.79	0.96	0.28	0.79	0.99	0.73	0.91	0.96	0.9	0.91	0.78	0.99	0.46	0.78	0.52	0.49	0.74	0.75
Property Plant And Equipment Net	0.95	0.98	0.52	0.96	0.88		0.98	0.91	0.66	0.97	-0.17	0.66	0.89	0.55	0.97	0.74	0.65	0.97	0.9	0.88	0.18	0.86	0.59	0.44	0.62	0.63
Net Debt	0.97	1.0	0.6	0.97	0.89	0.98		0.92	0.7	0.98	-0.15	0.7	0.9	0.5	1.0	0.75	0.65	1.0	0.89	0.91	0.18	0.93	0.66	0.45	0.59	0.61
Retained Earnings	0.89	0.93	0.59	0.86	0.82	0.91	0.92		0.78	0.9	-0.15	0.78	0.83	0.6	0.92	0.68	0.49	0.91	0.87	0.84	0.08	0.85	0.65	0.37	0.68	0.69
Cash	0.78	0.73	0.71	0.73	0.79	0.66	0.7	0.78		0.75	0.23	1.0	0.79	0.64	0.75	0.72	0.61	0.75	0.6	0.84	0.3	0.77	0.63	0.42	0.72	0.73
Non Current Assets Total	1.0	0.98	0.63	0.98	0.96	0.97	0.98	0.9	0.75		0.01	0.75	0.96	0.62	0.99	0.85	0.77	0.99	0.86	0.96	0.29	0.88	0.62	0.51	0.68	0.69
Non Currrent Assets Other	0.08	-0.14	0.43	-0.04	0.28	-0.17	-0.15	-0.15	0.23	0.01		0.23	0.26	0.35	-0.09	0.52	0.55	-0.09	-0.14	0.26	0.73	-0.19	-0.22	-0.04	0.26	0.26
Cash And Short Term Investments	0.78	0.73	0.71	0.73	0.79	0.66	0.7	0.78	1.0	0.75	0.23		0.79	0.64	0.75	0.72	0.61	0.75	0.6	0.84	0.3	0.77	0.63	0.42	0.72	0.73
Net Receivables	0.98	0.91	0.71	0.94	0.99	0.89	0.9	0.83	0.79	0.96	0.26	0.79		0.7	0.92	0.95	0.88	0.93	0.8	1.0	0.44	0.81	0.55	0.48	0.73	0.74
Common Stock Shares Outstanding	0.64	0.52	0.42	0.58	0.73	0.55	0.5	0.6	0.64	0.62	0.35	0.64	0.7		0.53	0.74	0.68	0.54	0.39	0.68	0.26	0.34	0.33	0.54	0.93	0.93
Non Current Liabilities Total	0.98	1.0	0.63	0.97	0.91	0.97	1.0	0.92	0.75	0.99	-0.09	0.75	0.92	0.53		0.77	0.68	1.0	0.88	0.93	0.22	0.94	0.67	0.46	0.62	0.63
Inventory	0.88	0.75	0.74	0.8	0.96	0.74	0.75	0.68	0.72	0.85	0.52	0.72	0.95	0.74	0.77		0.94	0.78	0.66	0.94	0.62	0.61	0.37	0.39	0.73	0.74
Other Stockholder Equity	0.81	0.65	0.61	0.75	0.9	0.65	0.65	0.49	0.61	0.77	0.55	0.61	0.88	0.68	0.68	0.94		0.69	0.51	0.86	0.63	0.52	0.29	0.49	0.64	0.64
Total Liab	0.98	1.0	0.62	0.98	0.91	0.97	1.0	0.91	0.75	0.99	-0.09	0.75	0.93	0.54	1.0	0.78	0.69		0.88	0.93	0.23	0.93	0.67	0.48	0.63	0.64
Property Plant And Equipment Gross	0.85	0.89	0.63	0.82	0.78	0.9	0.89	0.87	0.6	0.86	-0.14	0.6	0.8	0.39	0.88	0.66	0.51	0.88		0.8	0.16	0.82	0.45	0.08	0.46	0.48
Total Current Assets	0.98	0.91	0.76	0.93	0.99	0.88	0.91	0.84	0.84	0.96	0.26	0.84	1.0	0.68	0.93	0.94	0.86	0.93	0.8		0.45	0.84	0.58	0.45	0.73	0.74
Short Term Debt	0.34	0.18	0.46	0.27	0.46	0.18	0.18	0.08	0.3	0.29	0.73	0.3	0.44	0.26	0.22	0.62	0.63	0.23	0.16	0.45		0.12	0.0	-0.05	0.35	0.35
Other Current Assets	0.88	0.94	0.67	0.87	0.78	0.86	0.93	0.85	0.77	0.88	-0.19	0.77	0.81	0.34	0.94	0.61	0.52	0.93	0.82	0.84	0.12		0.74	0.35	0.48	0.49
Intangible Assets	0.62	0.66	0.28	0.66	0.52	0.59	0.66	0.65	0.63	0.62	-0.22	0.63	0.55	0.33	0.67	0.37	0.29	0.67	0.45	0.58	0.0	0.74		0.51	0.48	0.49
Accounts Payable	0.5	0.46	-0.06	0.59	0.49	0.44	0.45	0.37	0.42	0.51	-0.04	0.42	0.48	0.54	0.46	0.39	0.49	0.48	0.08	0.45	-0.05	0.35	0.51		0.52	0.52
Common Stock Total Equity	0.7	0.61	0.43	0.67	0.74	0.62	0.59	0.68	0.72	0.68	0.26	0.72	0.73	0.93	0.62	0.73	0.64	0.63	0.46	0.73	0.35	0.48	0.48	0.52		1.0
Common Stock	0.71	0.62	0.44	0.68	0.75	0.63	0.61	0.69	0.73	0.69	0.26	0.73	0.74	0.93	0.63	0.74	0.64	0.64	0.48	0.74	0.35	0.49	0.49	0.52	1.0

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FirstCash Account Relationship Matchups

FirstCash fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.4B	2.4B	3.8B	3.9B	4.3B	4.5B
Short Long Term Debt Total	911.5M	899.4M	1.6B	1.7B	1.9B	2.0B
Other Current Liab	4.3M	1.1M	3.4M	110.2M	136.5M	143.4M
Total Current Liabilities	202.9M	206.4M	390.8M	295.5M	335.6M	352.4M
Total Stockholder Equity	1.4B	1.3B	1.8B	1.9B	2.0B	2.1B
Property Plant And Equipment Net	640.7M	672.6M	768.6M	845.7M	961.2M	1.0B
Net Debt	865.0M	833.6M	1.5B	1.6B	1.8B	1.9B
Retained Earnings	727.5M	789.3M	866.7M	1.1B	1.2B	1.3B
Cash	46.5M	65.9M	120.0M	117.3M	127.0M	133.4M
Non Current Assets Total	1.7B	1.7B	2.7B	2.8B	3.0B	3.1B
Non Currrent Assets Other	11.5M	9.8M	8.5M	9.4M	10.2M	12.5M
Cash And Short Term Investments	46.5M	65.9M	120.0M	117.3M	127.0M	133.4M
Net Receivables	417.8M	359.0M	595.5M	551.9M	657.7M	690.6M
Common Stock Shares Outstanding	43.2M	41.6M	41.0M	47.3M	45.7M	30.9M
Liabilities And Stockholders Equity	2.4B	2.4B	3.8B	3.9B	4.3B	4.5B
Non Current Liabilities Total	886.5M	882.0M	1.6B	1.7B	2.0B	2.1B
Inventory	265.3M	190.4M	263.3M	288.3M	312.1M	327.7M
Other Stockholder Equity	719.0M	612.5M	1.1B	925.2M	820.9M	861.9M
Total Liab	1.1B	1.1B	2.0B	2.0B	2.3B	2.4B
Property Plant And Equipment Gross	640.7M	672.6M	462.5M	538.7M	1.4B	1.5B
Total Current Assets	741.0M	624.6M	1.1B	1.1B	1.3B	1.4B
Accumulated Other Comprehensive Income	(97.0M)	(118.4M)	(131.3M)	(106.6M)	(43.0M)	(45.2M)
Short Term Debt	86.5M	88.6M	90.6M	92.9M	102.0M	107.1M
Other Current Assets	11.4M	9.4M	156.2M	173.1M	209.8M	220.3M
Intangible Assets	85.9M	83.7M	388.2M	330.3M	277.7M	291.6M
Accounts Payable	72.4M	81.9M	239.5M	139.5M	26.5M	35.4M
Other Assets	23.2M	312.9M	14.1M	16.8M	19.3M	31.9M
Long Term Debt	631.6M	615.9M	1.3B	1.4B	1.6B	1.7B
Treasury Stock	(512.5M)	(609.3M)	(652.8M)	(809.4M)	(728.4M)	(692.0M)
Property Plant Equipment	336.2M	373.7M	768.6M	538.7M	619.5M	650.5M
Good Will	948.6M	977.4M	1.5B	1.6B	1.7B	1.8B
Current Deferred Revenue	39.7M	34.7M	57.3M	63.1M	70.6M	74.1M
Net Tangible Assets	1.4B	1.3B	(108.3M)	1.9B	2.2B	2.3B
Retained Earnings Total Equity	727.5M	789.3M	866.7M	1.1B	1.2B	633.1M
Capital Surpluse	1.2B	1.2B	1.7B	1.7B	2.0B	1.0B

Pair Trading with FirstCash

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

Moving against FirstCash Stock

0.57	BN	Brookfield Corp	Pair Corr
0.48	AC	Associated Capital	Pair Corr
0.47	BY	Byline Bancorp Financial Report 25th of July 2024	Pair Corr
0.42	HG	Hamilton Insurance Report 21st of October 2024	Pair Corr

The ability to find closely correlated positions to FirstCash could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FirstCash 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 FirstCash - 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 FirstCash to buy it.

The correlation of FirstCash 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 FirstCash moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FirstCash 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 FirstCash 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

Additional Tools for FirstCash Stock Analysis

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

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