Paccar Common Stock vs Inventory Analysis

0KET Stock

113.04 0.10 0.09%

Paccar financial indicator trend analysis is much more than just breaking down Paccar Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Paccar Inc is a good investment. Please check the relationship between Paccar Common Stock and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Paccar Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Common Stock vs Inventory

Common Stock vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Paccar Inc Common Stock account and Inventory. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Paccar's Common Stock and Inventory is 0.82. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Inventory in the same time period over historical financial statements of Paccar Inc, assuming nothing else is changed. The correlation between historical values of Paccar's Common Stock and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Paccar Inc are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Common Stock i.e., Paccar's Common Stock and Inventory go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Common Stock

Inventory

Most indicators from Paccar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Paccar 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Paccar Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to drop to about 461.4 M in 2024. Selling General Administrative is likely to drop to about 712.3 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	23.5B	28.8B	35.1B	24.2B
Depreciation And Amortization	867.8M	807.1M	435.3M	796.2M

Total Revenue Depreciation And Amortization

Paccar fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Short Term Debt	Current Deferred Revenue
Total Assets		0.33	0.91	0.99	0.47	0.03	0.99	0.77	0.88	0.54	0.59	0.68	0.99	0.94	-0.28	0.77	0.57	0.94	-0.19	0.77	0.81	-0.08	0.77	0.2	0.21	0.2
Other Current Liab	0.33		0.33	0.3	-0.42	-0.9	0.24	-0.16	0.54	-0.41	0.44	0.85	0.32	0.13	-0.58	0.54	-0.04	0.34	-0.92	0.46	0.07	0.46	0.51	-0.69	-0.61	-0.22
Total Current Liabilities	0.91	0.33		0.89	0.29	-0.07	0.88	0.61	0.81	0.37	0.43	0.64	0.93	0.82	-0.21	0.59	0.28	0.85	-0.24	0.57	0.79	0.03	0.76	0.07	0.16	0.03
Total Stockholder Equity	0.99	0.3	0.89		0.47	0.06	0.99	0.79	0.85	0.55	0.56	0.64	0.98	0.95	-0.25	0.81	0.56	0.97	-0.14	0.76	0.81	-0.07	0.78	0.22	0.23	0.17
Property Plant And Equipment Net	0.47	-0.42	0.29	0.47		0.76	0.55	0.83	0.45	0.98	0.25	0.09	0.44	0.59	-0.28	0.12	0.7	0.35	0.4	0.44	0.6	-0.85	0.05	0.69	0.58	0.44
Net Debt	0.03	-0.9	-0.07	0.06	0.76		0.13	0.53	-0.17	0.75	-0.19	-0.56	0.02	0.23	0.32	-0.27	0.37	-0.01	0.85	-0.1	0.26	-0.7	-0.28	0.83	0.72	0.33
Retained Earnings	0.99	0.24	0.88	0.99	0.55	0.13		0.83	0.85	0.62	0.58	0.61	0.98	0.95	-0.27	0.77	0.62	0.94	-0.09	0.77	0.81	-0.16	0.73	0.32	0.31	0.2
Accounts Payable	0.77	-0.16	0.61	0.79	0.83	0.53	0.83		0.68	0.9	0.45	0.3	0.75	0.91	-0.28	0.46	0.71	0.75	0.29	0.68	0.71	-0.49	0.51	0.61	0.53	0.37
Cash	0.88	0.54	0.81	0.85	0.45	-0.17	0.85	0.68		0.49	0.66	0.88	0.87	0.8	-0.68	0.65	0.53	0.78	-0.44	0.82	0.71	-0.18	0.69	0.02	0.05	0.17
Non Current Assets Total	0.54	-0.41	0.37	0.55	0.98	0.75	0.62	0.9	0.49		0.35	0.08	0.52	0.67	-0.25	0.19	0.74	0.43	0.46	0.52	0.58	-0.75	0.15	0.76	0.67	0.38
Non Currrent Assets Other	0.59	0.44	0.43	0.56	0.25	-0.19	0.58	0.45	0.66	0.35		0.59	0.59	0.47	-0.43	0.57	0.78	0.47	-0.3	0.91	0.09	0.01	0.4	0.21	0.21	0.09
Other Assets	0.68	0.85	0.64	0.64	0.09	-0.56	0.61	0.3	0.88	0.08	0.59		0.66	0.51	-0.73	0.63	0.29	0.6	-0.81	0.71	0.5	0.03	0.63	-0.38	-0.35	0.05
Cash And Short Term Investments	0.99	0.32	0.93	0.98	0.44	0.02	0.98	0.75	0.87	0.52	0.59	0.66		0.91	-0.24	0.74	0.56	0.92	-0.19	0.75	0.8	-0.07	0.77	0.21	0.22	0.21
Net Receivables	0.94	0.13	0.82	0.95	0.59	0.23	0.95	0.91	0.8	0.67	0.47	0.51	0.91		-0.25	0.68	0.57	0.94	0.03	0.72	0.81	-0.19	0.74	0.33	0.29	0.27
Common Stock Shares Outstanding	-0.28	-0.58	-0.21	-0.25	-0.28	0.32	-0.27	-0.28	-0.68	-0.25	-0.43	-0.73	-0.24	-0.25		-0.26	-0.25	-0.2	0.54	-0.54	-0.22	0.28	-0.23	0.22	0.19	0.03
Short Term Investments	0.77	0.54	0.59	0.81	0.12	-0.27	0.77	0.46	0.65	0.19	0.57	0.63	0.74	0.68	-0.26		0.44	0.81	-0.32	0.71	0.45	0.26	0.75	-0.02	0.03	-0.08
Non Current Liabilities Total	0.57	-0.04	0.28	0.56	0.7	0.37	0.62	0.71	0.53	0.74	0.78	0.29	0.56	0.57	-0.25	0.44		0.44	0.11	0.81	0.29	-0.45	0.2	0.6	0.47	0.45
Inventory	0.94	0.34	0.85	0.97	0.35	-0.01	0.94	0.75	0.78	0.43	0.47	0.6	0.92	0.94	-0.2	0.81	0.44		-0.15	0.69	0.76	0.06	0.82	0.13	0.12	0.11
Other Current Assets	-0.19	-0.92	-0.24	-0.14	0.4	0.85	-0.09	0.29	-0.44	0.46	-0.3	-0.81	-0.19	0.03	0.54	-0.32	0.11	-0.15		-0.32	-0.08	-0.26	-0.34	0.75	0.72	0.07
Other Stockholder Equity	0.77	0.46	0.57	0.76	0.44	-0.1	0.77	0.68	0.82	0.52	0.91	0.71	0.75	0.72	-0.54	0.71	0.81	0.69	-0.32		0.39	-0.15	0.61	0.21	0.17	0.21
Total Liab	0.81	0.07	0.79	0.81	0.6	0.26	0.81	0.71	0.71	0.58	0.09	0.5	0.8	0.81	-0.22	0.45	0.29	0.76	-0.08	0.39		-0.4	0.57	0.16	0.13	0.32
Total Current Assets	-0.08	0.46	0.03	-0.07	-0.85	-0.7	-0.16	-0.49	-0.18	-0.75	0.01	0.03	-0.07	-0.19	0.28	0.26	-0.45	0.06	-0.26	-0.15	-0.4		0.24	-0.5	-0.35	-0.46
Common Stock	0.77	0.51	0.76	0.78	0.05	-0.28	0.73	0.51	0.69	0.15	0.4	0.63	0.77	0.74	-0.23	0.75	0.2	0.82	-0.34	0.61	0.57	0.24		-0.13	-0.04	0.0
Short Long Term Debt Total	0.2	-0.69	0.07	0.22	0.69	0.83	0.32	0.61	0.02	0.76	0.21	-0.38	0.21	0.33	0.22	-0.02	0.6	0.13	0.75	0.21	0.16	-0.5	-0.13		0.92	0.28
Short Term Debt	0.21	-0.61	0.16	0.23	0.58	0.72	0.31	0.53	0.05	0.67	0.21	-0.35	0.22	0.29	0.19	0.03	0.47	0.12	0.72	0.17	0.13	-0.35	-0.04	0.92		-0.05
Current Deferred Revenue	0.2	-0.22	0.03	0.17	0.44	0.33	0.2	0.37	0.17	0.38	0.09	0.05	0.21	0.27	0.03	-0.08	0.45	0.11	0.07	0.21	0.32	-0.46	0.0	0.28	-0.05

Click cells to compare fundamentals

Paccar Account Relationship Matchups

Paccar fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	28.4B	28.3B	29.5B	33.3B	40.8B	28.5B
Other Current Liab	990.9M	443.2M	2.8B	2.1B	14.8B	15.6B
Total Current Liabilities	10.3B	9.6B	8.1B	11.8B	16.5B	9.0B
Total Stockholder Equity	9.7B	10.4B	11.6B	13.2B	15.9B	10.1B
Property Plant And Equipment Net	6.6B	6.9B	6.6B	6.3B	4.0B	5.7B
Net Debt	7.1B	7.4B	7.0B	6.8B	(6.8B)	(6.4B)
Retained Earnings	10.4B	11.0B	12.0B	13.4B	15.8B	10.4B
Cash	4.2B	3.5B	3.4B	4.7B	6.8B	7.2B
Non Current Assets Total	20.2B	20.3B	20.2B	22.1B	8.4B	15.1B
Non Currrent Assets Other	1.3B	1.5B	1.6B	1.8B	4.5B	4.7B
Other Assets	4.2B	4.4B	4.5B	4.5B	17.8B	18.7B
Cash And Short Term Investments	5.3B	5.0B	5.0B	6.3B	8.7B	4.9B
Net Receivables	1.3B	1.2B	1.6B	2.0B	1.8B	1.3B
Common Stock Shares Outstanding	521.2M	521.1M	522.6M	523.3M	525M	422.1M
Short Term Investments	1.2B	1.4B	1.6B	1.6B	1.8B	1.5B
Non Current Liabilities Total	8.4B	8.3B	9.8B	8.3B	8.4B	8.5B
Inventory	1.2B	1.2B	2.0B	2.2B	2.6B	1.4B
Other Current Assets	13.1B	12.8B	12.9B	14.8B	1.5B	1.4B
Other Stockholder Equity	61.4M	88.5M	142M	196.1M	269.1M	282.6M
Total Liab	18.7B	17.9B	17.9B	20.1B	24.9B	16.1B
Total Current Assets	8.2B	7.9B	9.3B	11.1B	14.5B	8.4B
Short Long Term Debt Total	11.3B	10.9B	10.5B	11.5B	73.9M	70.2M
Liabilities And Stockholders Equity	28.4B	28.3B	29.5B	33.3B	40.8B	26.7B
Accumulated Other Comprehensive Income	(1.1B)	(1.1B)	(921.1M)	(953.4M)	(693.9M)	(728.6M)
Short Term Debt	5.7B	5.4B	3.1B	5.6B	16.8M	16.0M
Current Deferred Revenue	237.5M	274.7M	264.1M	268.6M	359.5M	264.0M
Other Liab	1.8B	1.8B	1.5B	1.4B	1.3B	1.4B
Net Tangible Assets	9.7B	10.4B	11.4B	13.2B	15.1B	11.2B
Property Plant Equipment	3.5B	3.7B	3.7B	3.7B	4.3B	4.0B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

C	Citigroup
GM	General Motors
F	Ford Motor

Additional Tools for Paccar Stock Analysis

When running Paccar's price analysis, check to measure Paccar'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 Paccar is operating at the current time. Most of Paccar's value examination focuses on studying past and present price action to predict the probability of Paccar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paccar's price. Additionally, you may evaluate how the addition of Paccar to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Paccar Common Stock vs Inventory Analysis

Common Stock vs Inventory

Common Stock vs Inventory Correlation Analysis

Correlation Coefficient

Common Stock

Inventory

Paccar fundamental ratios Correlations

Paccar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Paccar fundamental ratios Accounts

Also Currently Popular

Additional Tools for Paccar Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.98	Total Stockholder Equity
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net

Other Current Assets	- 0.92	Other Current Liab
Net Debt	- 0.9	Other Current Liab
Total Current Assets	- 0.85	Property Plant And Equipment Net
Other Current Assets	- 0.81	Other Assets
Total Current Assets	- 0.75	Non Current Assets Total
Common Stock Shares Outstanding	- 0.73	Other Assets