Dicks Deferred Long Term Liab vs Net Invested Capital Analysis
DKS Stock | USD 207.12 2.91 1.43% |
Dicks Sporting financial indicator trend analysis is much more than just examining Dicks Sporting Goods latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dicks Sporting Goods is a good investment. Please check the relationship between Dicks Sporting Deferred Long Term Liab and its Net Invested Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dicks Sporting Goods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
Deferred Long Term Liab vs Net Invested Capital
Deferred Long Term Liab vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dicks Sporting Goods Deferred Long Term Liab account and Net Invested Capital. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Dicks Sporting's Deferred Long Term Liab and Net Invested Capital is -0.56. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Dicks Sporting Goods, assuming nothing else is changed. The correlation between historical values of Dicks Sporting's Deferred Long Term Liab and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Dicks Sporting Goods are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Deferred Long Term Liab i.e., Dicks Sporting's Deferred Long Term Liab and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | -0.56 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from Dicks Sporting's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dicks Sporting Goods 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dicks Sporting Goods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. Selling General Administrative is likely to gain to about 2.8 B in 2024, whereas Tax Provision is likely to drop slightly above 249.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.7B | 4.3B | 4.5B | 4.8B | Total Revenue | 12.3B | 12.4B | 13.0B | 13.6B |
Dicks Sporting fundamental ratios Correlations
Click cells to compare fundamentals
Dicks Sporting Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dicks Sporting fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.6B | 7.8B | 9.0B | 9.0B | 10.2B | 10.7B | |
Total Stockholder Equity | 1.7B | 2.3B | 2.1B | 2.5B | 2.6B | 1.3B | |
Non Current Assets Total | 4.2B | 4.0B | 3.9B | 4.0B | 5.3B | 5.5B | |
Non Currrent Assets Other | 133.9M | 155.6M | 202.9M | 230.2M | 129.0M | 111.4M | |
Other Assets | 148.3M | 207.1M | 237.9M | 271.4M | 312.2M | 327.8M | |
Common Stock Shares Outstanding | 89.1M | 92.6M | 109.6M | 99.3M | 85.9M | 107.2M | |
Liabilities And Stockholders Equity | 6.6B | 7.8B | 9.0B | 9.0B | 10.2B | 10.7B | |
Non Current Liabilities Total | 2.8B | 2.9B | 4.2B | 3.8B | 4.8B | 5.0B | |
Inventory | 2.2B | 2.0B | 2.3B | 2.8B | 2.8B | 3.0B | |
Other Stockholder Equity | (914.4M) | (726.0M) | (1.9B) | (2.4B) | (3.0B) | (2.8B) | |
Total Liab | 4.9B | 5.4B | 6.9B | 6.5B | 7.5B | 7.9B | |
Total Current Assets | 2.4B | 3.8B | 5.1B | 5.0B | 4.9B | 5.1B | |
Other Current Liab | 426.0M | 559.1M | 633.6M | 658.0M | 722.6M | 758.7M | |
Total Current Liabilities | 2.1B | 2.6B | 2.7B | 2.6B | 2.8B | 2.9B | |
Other Liab | 140.4M | 183.6M | 197.5M | 167.7M | 192.9M | 293.4M | |
Accounts Payable | 1.0B | 1.3B | 1.3B | 1.2B | 1.3B | 644.5M | |
Cash | 69.3M | 1.7B | 2.6B | 1.9B | 1.8B | 1.9B | |
Long Term Debt | 224.1M | 418.5M | 1.9B | 1.5B | 1.5B | 1.6B | |
Other Current Assets | 79.5M | 88.5M | 95.6M | 128.4M | 121.0M | 84.1M | |
Common Stock | 836K | 849K | 756K | 821K | 804K | 924.3K | |
Property Plant Equipment | 1.4B | 3.5B | 3.4B | 3.5B | 4.0B | 4.2B | |
Short Long Term Debt Total | 3.1B | 3.2B | 4.5B | 4.2B | 4.3B | 4.5B | |
Property Plant And Equipment Net | 3.7B | 3.5B | 3.4B | 3.5B | 3.9B | 4.1B | |
Current Deferred Revenue | 226.0M | 260.3M | 317.4M | 230.6M | 248.2M | 162.7M | |
Net Debt | 3.0B | 1.5B | 1.9B | 2.3B | 2.5B | 2.6B | |
Retained Earnings | 2.6B | 3.1B | 4.0B | 4.9B | 5.6B | 5.9B | |
Cash And Short Term Investments | 69.3M | 1.7B | 2.6B | 1.9B | 1.8B | 1.9B | |
Net Receivables | 58.9M | 59.5M | 70.2M | 79.5M | 119.0M | 60.9M | |
Short Term Debt | 423.0M | 472.7M | 480.3M | 546.8M | 492.9M | 517.5M | |
Common Stock Total Equity | 1.0M | 938K | 836K | 849K | 976.4K | 1.0M | |
Property Plant And Equipment Gross | 3.7B | 3.5B | 3.4B | 3.5B | 7.0B | 7.3B | |
Intangible Assets | 94.8M | 90.1M | 86.8M | 60.4M | 56.7M | 78.6M | |
Net Tangible Assets | 1.4B | 2.0B | 1.8B | 2.2B | 2.6B | 1.7B | |
Long Term Debt Total | 224.1M | 418.5M | 1.9B | 1.5B | 1.8B | 1.9B | |
Capital Surpluse | 1.3B | 1.4B | 1.5B | 1.4B | 1.6B | 1.2B |
Pair Trading with Dicks Sporting
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 Dicks Sporting 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 Dicks Sporting will appreciate offsetting losses from the drop in the long position's value.Moving together with Dicks Stock
0.75 | W | Wayfair Earnings Call This Week | PairCorr |
0.88 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
0.89 | AN | AutoNation Buyout Trend | PairCorr |
Moving against Dicks Stock
0.83 | DXLG | Destination XL Group Financial Report 23rd of May 2024 | PairCorr |
0.82 | LL | LL Flooring Holdings | PairCorr |
0.73 | BQ | Boqii Holding Limited | PairCorr |
0.6 | FL | Foot Locker Financial Report 17th of May 2024 | PairCorr |
The ability to find closely correlated positions to Dicks Sporting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dicks Sporting 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 Dicks Sporting - 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 Dicks Sporting Goods to buy it.
The correlation of Dicks Sporting 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 Dicks Sporting moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dicks Sporting Goods 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 Dicks Sporting 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dicks Sporting Goods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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When running Dicks Sporting's price analysis, check to measure Dicks Sporting'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 Dicks Sporting is operating at the current time. Most of Dicks Sporting's value examination focuses on studying past and present price action to predict the probability of Dicks Sporting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dicks Sporting's price. Additionally, you may evaluate how the addition of Dicks Sporting to your portfolios can decrease your overall portfolio volatility.
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Is Dicks Sporting'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 Dicks Sporting. If investors know Dicks 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 Dicks Sporting 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 0.37 | Dividend Share 4 | Earnings Share 12.18 | Revenue Per Share 157.765 | Quarterly Revenue Growth 0.078 |
The market value of Dicks Sporting Goods is measured differently than its book value, which is the value of Dicks that is recorded on the company's balance sheet. Investors also form their own opinion of Dicks Sporting's value that differs from its market value or its book value, called intrinsic value, which is Dicks Sporting'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 Dicks Sporting's market value can be influenced by many factors that don't directly affect Dicks Sporting'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 Dicks Sporting's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dicks Sporting is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dicks Sporting'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.