BJs Balance Sheet Analysis
BJ Stock | USD 74.92 0.90 1.22% |
BJs |
Most accounts from BJs Wholesale's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into BJs Wholesale Club current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out BJs Wholesale Valuation and BJs Wholesale Correlation analysis. At this time, BJs Wholesale's Net Debt is relatively stable compared to the past year. Retained Earnings is expected to hike to about 1.2 B this year, although the value of Total Current Liabilities will most likely fall to nearly 2.1 B.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 3.0B | 3.1B | 3.0B | 3.1B | Total Assets | 5.7B | 6.3B | 6.7B | 5.4B |
BJs Wholesale balance sheet Correlations
Click cells to compare fundamentals
BJs Wholesale Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BJs Wholesale balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.3B | 5.4B | 5.7B | 6.3B | 6.7B | 5.4B | |
Other Current Liab | 373.2M | 477.9M | 545.6M | 552.8M | 486.4M | 480.7M | |
Other Liab | 144.1M | 186.6M | 210.0M | 223.7M | 201.3M | 189.5M | |
Net Tangible Assets | (1.1B) | (739.9M) | (400.7M) | 3.0B | 3.4B | 3.6B | |
Net Debt | 3.8B | 3.2B | 2.9B | 3.1B | 3.0B | 3.1B | |
Retained Earnings | (716.4M) | (295.3M) | 131.3M | 644.5M | 1.2B | 1.2B | |
Accounts Payable | 786.4M | 988.1M | 1.1B | 1.2B | 1.2B | 1.0B | |
Cash | 30.2M | 43.5M | 45.4M | 33.9M | 36.0M | 38.9M | |
Other Assets | 1K | 25.1M | 28.7M | 42.4M | 48.8M | 28.4M | |
Long Term Debt | 1.3B | 846.2M | 748.6M | 447.9M | 398.4M | 378.5M | |
Net Receivables | 206.4M | 172.7M | 174.0M | 239.7M | 234.8M | 217.1M | |
Long Term Debt Total | 1.4B | 846.2M | 748.6M | 447.9M | 403.1M | 382.9M | |
Capital Surpluse | 773.6M | 826.4M | 902.7M | 958.6M | 1.1B | 662.0M | |
Inventory | 1.1B | 1.2B | 1.2B | 1.4B | 1.5B | 1.3B | |
Other Current Assets | 42.0M | 48.6M | 54.7M | 51.0M | 68.4M | 62.5M | |
Total Liab | 5.3B | 5.1B | 5.0B | 5.3B | 5.2B | 5.1B | |
Short Long Term Debt | 254.4M | 343.4M | 260M | 405M | 319M | 286.2M | |
Total Current Assets | 1.4B | 1.5B | 1.5B | 1.7B | 1.8B | 1.6B | |
Cash And Equivalents | 30.2M | 43.5M | 45.4M | 33.9M | 39.0M | 38.8M | |
Short Term Debt | 467.1M | 391.5M | 141.5M | 582.2M | 479.7M | 351.5M | |
Intangible Assets | 147.0M | 135.1M | 124.6M | 115.5M | 107.6M | 130.9M | |
Common Stock | 1.4M | 1.4M | 1.5M | 1.5M | 1.5M | 1.4M |
Pair Trading with BJs Wholesale
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 BJs Wholesale 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 BJs Wholesale will appreciate offsetting losses from the drop in the long position's value.Moving together with BJs Stock
0.88 | DG | Dollar General Sell-off Trend | PairCorr |
0.91 | TGT | Target Sell-off Trend | PairCorr |
0.92 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
Moving against BJs Stock
0.87 | IH | IhumanInc | PairCorr |
0.59 | YI | 111 Inc | PairCorr |
0.56 | GV | Visionary Education Symbol Change | PairCorr |
0.5 | LW | Lamb Weston Holdings Financial Report 23rd of July 2024 | PairCorr |
The ability to find closely correlated positions to BJs Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BJs Wholesale 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 BJs Wholesale - 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 BJs Wholesale Club to buy it.
The correlation of BJs Wholesale 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 BJs Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BJs Wholesale Club 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 BJs Wholesale 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.Check out BJs Wholesale Valuation and BJs Wholesale Correlation analysis. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for BJs Stock analysis
When running BJs Wholesale's price analysis, check to measure BJs Wholesale'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 BJs Wholesale is operating at the current time. Most of BJs Wholesale's value examination focuses on studying past and present price action to predict the probability of BJs Wholesale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BJs Wholesale's price. Additionally, you may evaluate how the addition of BJs Wholesale to your portfolios can decrease your overall portfolio volatility.
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world |
Is BJs Wholesale'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 BJs Wholesale. If investors know BJs 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 BJs Wholesale 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 0.144 | Earnings Share 3.88 | Revenue Per Share 150.087 | Quarterly Revenue Growth 0.087 | Return On Assets 0.0781 |
The market value of BJs Wholesale Club is measured differently than its book value, which is the value of BJs that is recorded on the company's balance sheet. Investors also form their own opinion of BJs Wholesale's value that differs from its market value or its book value, called intrinsic value, which is BJs Wholesale'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 BJs Wholesale's market value can be influenced by many factors that don't directly affect BJs Wholesale'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 BJs Wholesale's value and its price as these two are different measures arrived at by different means. Investors typically determine if BJs Wholesale is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BJs Wholesale'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.