Macys Price to Sales Ratio vs Operating Income 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 Operating Income 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 Operating Income

Price to Sales Ratio vs Operating Income 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 Operating Income. At this time, the significance of the direction appears to have very week relationship.
The correlation between Macys' Price to Sales Ratio and Operating Income is 0.29. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Operating Income 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 Operating Income 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 Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Price to Sales Ratio i.e., Macys' Price to Sales Ratio and Operating Income go up and down completely randomly.

Correlation Coefficient

0.29
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Operating Income

Operating Income is the amount of profit realized from Macys Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Macys Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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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.