Macys Price to Sales Ratio vs Inventory Turnover Analysis

M Stock  USD 19.85  0.77  4.04%   
Macys financial indicator trend analysis is infinitely more than just investigating Macys Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Macys Inc is a good investment. Please check the relationship between Macys Price To Sales Ratio and its Inventory Turnover accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Price To Sales Ratio vs Inventory Turnover

Price to Sales Ratio vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Macys Inc Price to Sales Ratio account and Inventory Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Macys' Price to Sales Ratio and Inventory Turnover is -0.11. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Macys Inc, assuming nothing else is changed. The correlation between historical values of Macys' Price to Sales Ratio and Inventory 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 Price to Sales Ratio of Macys Inc are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Price to Sales Ratio i.e., Macys' Price to Sales Ratio and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.11
Relationship DirectionNegative 
Relationship StrengthInsignificant

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Macys Inc stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Macys sales, a figure that is much harder to manipulate than other Macys Inc multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Most indicators from Macys' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Macys Inc 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
As of the 28th of March 2024, Enterprise Value Multiple is likely to grow to 7.08, while Selling General Administrative is likely to drop about 7.9 B.
 2021 2022 2023 2024 (projected)
Gross Profit10.3B10.0B9.7B9.2B
Total Revenue25.3B25.3B23.9B22.8B

Macys fundamental ratios Correlations

0.8-0.080.940.760.780.630.70.740.550.98-0.210.55-0.80.760.90.960.75-0.160.940.580.930.4-0.70.720.72
0.8-0.050.850.270.880.880.370.650.540.82-0.030.54-0.750.630.930.660.48-0.190.920.690.680.62-0.680.610.61
-0.08-0.05-0.260.11-0.07-0.07-0.32-0.640.02-0.10.720.020.09-0.03-0.08-0.2-0.410.09-0.160.28-0.030.10.220.370.36
0.940.85-0.260.570.850.70.690.870.540.94-0.250.54-0.860.680.890.90.79-0.240.960.610.850.51-0.80.60.6
0.760.270.110.570.410.130.620.410.320.72-0.230.32-0.480.590.420.750.610.050.50.260.750.11-0.340.610.61
0.780.88-0.070.850.410.840.550.720.350.86-0.070.35-0.910.510.780.670.59-0.330.830.830.580.54-0.840.530.53
0.630.88-0.070.70.130.840.410.580.070.730.110.07-0.670.250.780.530.43-0.480.770.720.390.53-0.720.260.26
0.70.37-0.320.690.620.550.410.70.040.74-0.280.04-0.680.240.540.820.8-0.570.620.490.56-0.07-0.80.170.17
0.740.65-0.640.870.410.720.580.70.330.75-0.450.33-0.760.440.670.760.82-0.360.770.340.630.23-0.770.230.23
0.550.540.020.540.320.350.070.040.330.42-0.251.0-0.390.860.570.450.240.440.570.180.720.35-0.160.820.82
0.980.82-0.10.940.720.860.730.740.750.42-0.180.42-0.840.670.890.930.76-0.240.940.680.840.42-0.780.630.63
-0.21-0.030.72-0.25-0.23-0.070.11-0.28-0.45-0.25-0.18-0.250.05-0.41-0.09-0.3-0.34-0.32-0.160.26-0.24-0.020.02-0.1-0.11
0.550.540.020.540.320.350.070.040.331.00.42-0.25-0.390.860.570.450.240.440.570.180.720.35-0.160.820.82
-0.8-0.750.09-0.86-0.48-0.91-0.67-0.68-0.76-0.39-0.840.05-0.39-0.47-0.75-0.75-0.680.44-0.82-0.79-0.64-0.320.93-0.52-0.52
0.760.63-0.030.680.590.510.250.240.440.860.67-0.410.86-0.470.70.670.40.460.710.280.830.42-0.240.860.87
0.90.93-0.080.890.420.780.780.540.670.570.89-0.090.57-0.750.70.840.57-0.220.980.640.820.42-0.70.640.64
0.960.66-0.20.90.750.670.530.820.760.450.93-0.30.45-0.750.670.840.76-0.250.890.50.910.23-0.720.580.58
0.750.48-0.410.790.610.590.430.80.820.240.76-0.340.24-0.680.40.570.76-0.320.680.340.650.2-0.690.30.3
-0.16-0.190.09-0.240.05-0.33-0.48-0.57-0.360.44-0.24-0.320.440.440.46-0.22-0.25-0.32-0.23-0.420.020.180.660.330.34
0.940.92-0.160.960.50.830.770.620.770.570.94-0.160.57-0.820.710.980.890.68-0.230.640.860.47-0.760.640.64
0.580.690.280.610.260.830.720.490.340.180.680.260.18-0.790.280.640.50.34-0.420.640.360.44-0.80.460.46
0.930.68-0.030.850.750.580.390.560.630.720.84-0.240.72-0.640.830.820.910.650.020.860.360.32-0.490.790.79
0.40.620.10.510.110.540.53-0.070.230.350.42-0.020.35-0.320.420.420.230.20.180.470.440.32-0.210.520.51
-0.7-0.680.22-0.8-0.34-0.84-0.72-0.8-0.77-0.16-0.780.02-0.160.93-0.24-0.7-0.72-0.690.66-0.76-0.8-0.49-0.21-0.26-0.26
0.720.610.370.60.610.530.260.170.230.820.63-0.10.82-0.520.860.640.580.30.330.640.460.790.52-0.261.0
0.720.610.360.60.610.530.260.170.230.820.63-0.110.82-0.520.870.640.580.30.340.640.460.790.51-0.261.0
Click cells to compare fundamentals

Macys Account Relationship Matchups

Macys fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets21.2B17.7B17.6B16.9B17.4B20.2B
Short Long Term Debt Total7.1B8.0B6.8B6.4B6.3B7.0B
Other Current Liab(758M)(616M)(806M)(779M)1.2B1.2B
Total Current Liabilities5.8B5.4B5.4B4.9B4.4B5.1B
Total Stockholder Equity6.4B2.6B3.6B4.1B4.1B6.2B
Property Plant And Equipment Net9.3B8.8B8.5B8.6B7.6B8.3B
Net Debt6.4B6.4B5.1B5.5B5.3B5.9B
Retained Earnings8.0B3.9B5.3B6.3B6.2B4.5B
Accounts Payable5.1B4.9B5.3B4.8B2.5B3.8B
Cash685M1.7B1.7B862M1.0B1.1B
Non Current Assets Total14.4B11.5B10.8B11.0B11.3B12.5B
Non Currrent Assets Other714M1.4B1.1B210M2.0B2.1B
Cash And Short Term Investments685M1.7B1.7B862M1.0B1.1B
Net Receivables409M276M297M300M376M357.2M
Liabilities And Stockholders Equity21.2B17.7B17.6B16.9B17.4B20.2B
Non Current Liabilities Total9.0B9.8B8.6B7.9B8.9B9.0B
Inventory5.2B3.8B4.4B4.3B4.4B4.6B
Other Current Assets528M455M366M424M318M398.0M
Other Stockholder Equity(620M)(590M)(1.0B)(1.6B)(1.6B)(1.5B)
Total Liab14.8B15.2B14.0B12.8B13.3B14.0B
Property Plant And Equipment Gross9.3B8.8B8.5B8.6B11.9B8.4B
Total Current Assets6.8B6.2B6.8B5.9B6.1B7.7B
Accumulated Other Comprehensive Income(995M)(788M)(622M)(618M)(496M)(520.8M)
Short Term Debt539M452M433M438M358M495.3M
Intangible Assets439M437M435M432M430M538.2M
Other Liab2.5B2.2B2.2B2.0B2.3B2.0B
Other Assets72M1.4B1.1B1.2B1.3B1.4B
Long Term Debt3.6B4.4B3.3B3.0B3.0B4.5B
Treasury Stock(1.3B)(1.2B)(1.2B)(1.5B)(1.8B)(1.9B)
Property Plant Equipment6.6B8.8B8.5B8.6B9.9B8.9B
Current Deferred Revenue839M616M481M399M384M675.9M
Net Tangible Assets1.3B2.1B4.9B2.4B2.7B1.7B

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When determining whether Macys Inc is a strong investment it is important to analyze Macys' 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 Macys' future performance. For an informed investment choice regarding Macys Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Macys' price analysis, check to measure Macys' 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 Macys is operating at the current time. Most of Macys' value examination focuses on studying past and present price action to predict the probability of Macys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macys' price. Additionally, you may evaluate how the addition of Macys to your portfolios can decrease your overall portfolio volatility.
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Is Macys' 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 Macys. If investors know Macys 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 Macys 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
(0.61)
Dividend Share
0.662
Earnings Share
0.38
Revenue Per Share
87.039
Quarterly Revenue Growth
(0.02)
The market value of Macys Inc is measured differently than its book value, which is the value of Macys that is recorded on the company's balance sheet. Investors also form their own opinion of Macys' value that differs from its market value or its book value, called intrinsic value, which is Macys' 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 Macys' market value can be influenced by many factors that don't directly affect Macys' 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 Macys' value and its price as these two are different measures arrived at by different means. Investors typically determine if Macys is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macys' 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.