McKesson Total Assets vs Cost of Revenue Analysis

MCK Stock  USD 536.85  2.41  0.45%   
McKesson financial indicator trend analysis is infinitely more than just investigating McKesson recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether McKesson is a good investment. Please check the relationship between McKesson Total Assets and its Cost Of Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McKesson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy McKesson Stock please use our How to buy in McKesson Stock guide.

Total Assets vs Cost Of Revenue

Total Assets vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of McKesson Total Assets account and Cost of Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between McKesson's Total Assets and Cost of Revenue is 0.93. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of McKesson, assuming nothing else is changed. The correlation between historical values of McKesson's Total Assets 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 Total Assets of McKesson 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 Total Assets i.e., McKesson's Total Assets and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of McKesson assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in McKesson books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Cost Of Revenue

Cost of Revenue is found on McKesson income statement and represents the costs associated with goods and services McKesson 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 McKesson's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into McKesson 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 McKesson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy McKesson Stock please use our How to buy in McKesson Stock guide.At this time, McKesson's Selling General Administrative is quite stable compared to the past year. Tax Provision is expected to rise to about 855.2 M this year, although the value of Discontinued Operations will most likely fall to (3.6 M).
 2021 2022 2023 2024 (projected)
Gross Profit13.1B12.4B14.2B14.9B
Total Revenue264.0B276.7B318.2B334.1B

McKesson fundamental ratios Correlations

0.690.270.96-0.190.850.530.620.940.760.760.680.760.990.070.930.970.25-0.550.960.850.980.670.520.760.61
0.690.260.530.260.490.860.740.470.60.870.730.60.650.310.580.550.18-0.110.550.490.620.70.850.230.57
0.270.260.28-0.080.020.250.30.180.110.230.10.110.220.160.220.250.75-0.250.270.020.290.290.180.15-0.15
0.960.530.28-0.440.920.310.50.990.770.580.510.770.97-0.130.950.990.3-0.741.00.920.990.60.280.870.47
-0.190.26-0.08-0.44-0.570.520.33-0.46-0.360.310.34-0.36-0.210.78-0.46-0.39-0.30.82-0.45-0.57-0.330.010.6-0.70.21
0.850.490.020.92-0.570.230.330.930.780.470.40.780.87-0.330.930.910.22-0.770.931.00.90.510.170.880.43
0.530.860.250.310.520.230.670.270.20.830.650.20.480.40.350.330.180.170.330.230.410.520.92-0.020.46
0.620.740.30.50.330.330.670.480.360.830.620.360.610.390.40.52-0.03-0.210.480.330.540.450.720.150.36
0.940.470.180.99-0.460.930.270.480.740.570.50.740.96-0.190.940.990.21-0.740.990.930.970.530.240.890.49
0.760.60.110.77-0.360.780.20.360.740.410.441.00.750.060.80.790.08-0.60.790.780.810.730.30.640.46
0.760.870.230.580.310.470.830.830.570.410.830.410.730.260.610.620.12-0.090.60.470.660.50.820.350.67
0.680.730.10.510.340.40.650.620.50.440.830.440.670.410.530.540.080.050.520.40.60.560.620.320.92
0.760.60.110.77-0.360.780.20.360.741.00.410.440.750.060.80.790.08-0.60.790.780.810.730.30.640.46
0.990.650.220.97-0.210.870.480.610.960.750.730.670.750.040.910.970.21-0.560.960.870.980.650.460.770.62
0.070.310.16-0.130.78-0.330.40.39-0.190.060.260.410.060.04-0.18-0.07-0.10.47-0.14-0.33-0.010.280.55-0.440.22
0.930.580.220.95-0.460.930.350.40.940.80.610.530.80.91-0.180.950.31-0.690.970.930.950.580.340.910.52
0.970.550.250.99-0.390.910.330.520.990.790.620.540.790.97-0.070.950.24-0.710.990.910.990.590.330.870.51
0.250.180.750.3-0.30.220.18-0.030.210.080.120.080.080.21-0.10.310.24-0.260.310.220.30.15-0.050.31-0.09
-0.55-0.11-0.25-0.740.82-0.770.17-0.21-0.74-0.6-0.090.05-0.6-0.560.47-0.69-0.71-0.26-0.74-0.77-0.66-0.270.19-0.780.08
0.960.550.271.0-0.450.930.330.480.990.790.60.520.790.96-0.140.970.990.31-0.740.930.990.60.30.890.49
0.850.490.020.92-0.571.00.230.330.930.780.470.40.780.87-0.330.930.910.22-0.770.930.90.510.170.880.43
0.980.620.290.99-0.330.90.410.540.970.810.660.60.810.98-0.010.950.990.3-0.660.990.90.660.380.820.54
0.670.70.290.60.010.510.520.450.530.730.50.560.730.650.280.580.590.15-0.270.60.510.660.530.320.51
0.520.850.180.280.60.170.920.720.240.30.820.620.30.460.550.340.33-0.050.190.30.170.380.53-0.060.44
0.760.230.150.87-0.70.88-0.020.150.890.640.350.320.640.77-0.440.910.870.31-0.780.890.880.820.32-0.060.39
0.610.57-0.150.470.210.430.460.360.490.460.670.920.460.620.220.520.51-0.090.080.490.430.540.510.440.39
Click cells to compare fundamentals

McKesson Account Relationship Matchups

McKesson fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets61.2B65.0B63.3B62.3B71.7B75.3B
Short Long Term Debt Total9.4B9.4B7.5B7.3B8.4B4.6B
Other Current Liab683M9M9.3B4.2B4.8B2.8B
Total Current Liabilities42.6B44.1B48.5B48.0B55.2B57.9B
Total Stockholder Equity5.1B(21M)(2.3B)(1.9B)(2.1B)(2.0B)
Property Plant And Equipment Net4.3B4.7B3.6B3.8B4.4B4.6B
Net Debt5.4B3.1B4.0B2.6B3.0B2.1B
Retained Earnings13.0B8.2B9.0B12.3B14.1B7.2B
Accounts Payable37.2B39.0B38.1B42.5B48.9B51.3B
Cash4.0B6.3B3.5B4.7B5.4B5.6B
Non Current Assets Total19.0B19.6B17.1B18.0B20.7B10.7B
Non Currrent Assets Other2.3B2.6B1.9B2.0B2.3B1.6B
Cash And Short Term Investments4.0B6.3B3.5B4.7B5.4B5.6B
Net Receivables20.0B19.2B18.6B19.4B22.3B23.4B
Common Stock Shares Outstanding181.6M160.6M154.1M142.2M128.0M186.9M
Liabilities And Stockholders Equity61.2B65.0B63.3B62.3B71.7B75.3B
Non Current Liabilities Total11.9B19.5B16.6B15.9B18.2B19.1B
Inventory16.7B19.2B18.7B19.7B22.6B23.8B
Other Current Assets617M665M5.4B496M570.4M674.8M
Other Stockholder Equity(6.2B)(6.7B)(9.8B)(13.3B)(11.9B)(11.3B)
Total Liab54.5B63.6B65.1B63.8B73.4B77.1B
Property Plant And Equipment Gross4.3B4.7B3.6B3.8B4.4B4.6B
Total Current Assets42.2B45.4B46.2B44.3B50.9B53.5B
Accumulated Other Comprehensive Income(1.7B)(1.5B)(1.5B)(905M)(814.5M)(855.2M)
Short Term Debt1.4B1.1B1.1B1.3B1.5B1.5B
Intangible Assets3.2B2.9B2.1B2.3B2.6B2.0B
Other Liab3.9B11.2B10.1B9.8B11.3B11.8B
Other Assets1.9B2.6B1.3B1.8B2.0B1.7B
Long Term Debt6.3B6.4B5.1B4.6B5.3B4.4B
Treasury Stock(8.9B)(12.9B)(13.7B)(17.0B)(15.3B)(14.6B)
Property Plant Equipment2.4B2.6B2.1B2.2B2.5B1.5B
Good Will9.4B9.5B9.5B9.9B11.4B6.7B
Net Tangible Assets(4.4B)(9.3B)(12.4B)(12.7B)(11.4B)(10.8B)
Noncontrolling Interest In Consolidated Entity217M196M480M367M422.1M302.3M
Retained Earnings Total Equity13.0B8.2B9.0B12.3B14.1B11.7B

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether McKesson is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if McKesson Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mckesson Stock. Highlighted below are key reports to facilitate an investment decision about Mckesson Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McKesson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy McKesson Stock please use our How to buy in McKesson Stock guide.
Note that the McKesson information on this page should be used as a complementary analysis to other McKesson's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Complementary Tools for McKesson Stock analysis

When running McKesson's price analysis, check to measure McKesson'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 McKesson is operating at the current time. Most of McKesson's value examination focuses on studying past and present price action to predict the probability of McKesson's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McKesson's price. Additionally, you may evaluate how the addition of McKesson to your portfolios can decrease your overall portfolio volatility.
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Commodity Directory
Find actively traded commodities issued by global exchanges
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Is McKesson'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 McKesson. If investors know McKesson 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 McKesson 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
(0.42)
Dividend Share
2.32
Earnings Share
22.11
Revenue Per Share
2.2 K
Quarterly Revenue Growth
0.148
The market value of McKesson is measured differently than its book value, which is the value of McKesson that is recorded on the company's balance sheet. Investors also form their own opinion of McKesson's value that differs from its market value or its book value, called intrinsic value, which is McKesson'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 McKesson's market value can be influenced by many factors that don't directly affect McKesson'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 McKesson's value and its price as these two are different measures arrived at by different means. Investors typically determine if McKesson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McKesson'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.