Dollar Return On Assets from 2010 to 2024
| DG Stock | USD 142.65 0.51 0.36% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter 0.0492344 | Current Value 0.02890173 | Quarterly Volatility 0.04142106 |
Check Dollar General financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Dollar main balance sheet or income statement drivers, such as Depreciation And Amortization of 891.2 M, Interest Expense of 343.1 M or Selling General Administrative of 5.1 B, as well as many exotic indicators such as Price To Sales Ratio of 12.55, Dividend Yield of 0.0083 or PTB Ratio of 67.46. Dollar financial statements analysis is a perfect complement when working with Dollar General Valuation or Volatility modules.
Dollar | Return On Assets |
Latest Dollar General's Return On Assets Growth Pattern
Below is the plot of the Return On Assets of Dollar General over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. Dollar General's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Dollar General's overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
|
Return On Assets |
| Timeline |
Dollar Return On Assets Regression Statistics
| Arithmetic Mean | 0.08 | |
| Coefficient Of Variation | 52.67 | |
| Mean Deviation | 0.04 | |
| Median | 0.09 | |
| Standard Deviation | 0.04 | |
| Sample Variance | 0 | |
| Range | 0.1219 | |
| R-Value | (0.35) | |
| Mean Square Error | 0 | |
| R-Squared | 0.12 | |
| Significance | 0.21 | |
| Slope | (0) | |
| Total Sum of Squares | 0.02 |
Dollar Return On Assets History
About Dollar General Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Dollar General income statement, its balance sheet, and the statement of cash flows. Dollar General investors use historical funamental indicators, such as Dollar General's Return On Assets, to determine how well the company is positioned to perform in the future. Although Dollar General investors may use each financial statement separately, they are all related. The changes in Dollar General's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Dollar General's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Dollar General Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Dollar General. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Assets | 0.05 | 0.03 |
Pair Trading with Dollar General
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 Dollar General 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 Dollar General will appreciate offsetting losses from the drop in the long position's value.Moving together with Dollar Stock
| 0.7 | GO | Grocery Outlet Holding Financial Report 14th of May 2024 | PairCorr |
| 0.86 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
Moving against Dollar Stock
| 0.79 | IH | IhumanInc | PairCorr |
| 0.7 | IMKTA | Ingles Markets rporated Earnings Call This Week | PairCorr |
| 0.54 | FC | Franklin Covey Financial Report 26th of June 2024 | PairCorr |
| 0.43 | ACI | Albertsons Companies Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Dollar General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dollar General 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 Dollar General - 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 Dollar General to buy it.
The correlation of Dollar General 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 Dollar General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dollar General 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 Dollar General 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 the analysis of Dollar General Correlation against competitors. For more detail on how to invest in Dollar Stock please use our How to Invest in Dollar General guide.Note that the Dollar General information on this page should be used as a complementary analysis to other Dollar General'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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Dollar Stock analysis
When running Dollar General's price analysis, check to measure Dollar General'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 Dollar General is operating at the current time. Most of Dollar General's value examination focuses on studying past and present price action to predict the probability of Dollar General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dollar General's price. Additionally, you may evaluate how the addition of Dollar General to your portfolios can decrease your overall portfolio volatility.
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Is Dollar General'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 Dollar General. If investors know Dollar 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 Dollar General 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 (0.39) | Dividend Share 2.36 | Earnings Share 7.54 | Revenue Per Share 176.34 | Quarterly Revenue Growth (0.03) |
The market value of Dollar General is measured differently than its book value, which is the value of Dollar that is recorded on the company's balance sheet. Investors also form their own opinion of Dollar General's value that differs from its market value or its book value, called intrinsic value, which is Dollar General'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 Dollar General's market value can be influenced by many factors that don't directly affect Dollar General'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 Dollar General's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dollar General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dollar General'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.