Ross Net Receivables vs Short Term Investments Analysis

0KXO Stock

155.48 0.79 0.51%

Ross Stores financial indicator trend analysis is much more than just breaking down Ross Stores prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ross Stores is a good investment. Please check the relationship between Ross Stores Net Receivables and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ross Stores. 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.

For more information on how to buy Ross Stock please use our How to Invest in Ross Stores guide.

Net Receivables vs Short Term Investments

Net Receivables vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ross Stores Net Receivables account and Short Term Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between Ross Stores' Net Receivables and Short Term Investments is -0.81. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Ross Stores, assuming nothing else is changed. The correlation between historical values of Ross Stores' Net Receivables and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Ross Stores are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Receivables i.e., Ross Stores' Net Receivables and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.81

Relationship Direction	Negative
Relationship Strength	Significant

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Net Receivables

Short Term Investments

Short Term Investments is an item under the current assets section of Ross Stores balance sheet. It contains any investments Ross Stores undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Ross Stores can easily liquidate in the marketplace.

Most indicators from Ross Stores' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ross Stores 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 Ross Stores. 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.

For more information on how to buy Ross Stock please use our How to Invest in Ross Stores guide.Selling General Administrative is likely to gain to about 2.9 B in 2024, whereas Tax Provision is likely to drop slightly above 17.9 M in 2024.

	2014	2020	2023	2024 (projected)
Gross Profit	4.5B	4.7B	6.6B	4.5B
Total Revenue	16.0B	18.7B	20.4B	15.7B

Gross Profit Total Revenue

Ross Stores 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	Good Will	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	Long Term Debt
Total Assets		0.89	0.99	0.99	0.95	0.61	0.99	0.97	0.89	0.93	0.55	0.36	0.89	0.99	-0.16	-0.86	-0.88	1.0	0.98	0.94	0.98	1.0	0.93	0.81	0.94	0.67
Other Current Liab	0.89		0.93	0.93	0.84	0.51	0.93	0.85	0.79	0.77	0.78	0.7	0.79	0.85	-0.49	-0.87	-0.81	0.84	0.92	0.91	0.92	0.87	0.84	0.76	0.89	0.7
Total Current Liabilities	0.99	0.93		1.0	0.92	0.55	1.0	0.97	0.91	0.88	0.64	0.46	0.91	0.98	-0.26	-0.87	-0.85	0.98	0.98	0.97	0.99	0.99	0.95	0.78	0.95	0.73
Total Stockholder Equity	0.99	0.93	1.0		0.92	0.55	1.0	0.97	0.91	0.89	0.64	0.46	0.91	0.98	-0.26	-0.87	-0.86	0.98	0.98	0.97	0.99	0.99	0.94	0.79	0.95	0.73
Property Plant And Equipment Net	0.95	0.84	0.92	0.92		0.82	0.93	0.84	0.7	0.99	0.39	0.23	0.7	0.89	-0.05	-0.85	-0.96	0.96	0.97	0.8	0.87	0.96	0.77	0.9	0.87	0.43
Net Debt	0.61	0.51	0.55	0.55	0.82		0.57	0.42	0.18	0.86	0.04	-0.01	0.18	0.49	0.08	-0.67	-0.88	0.65	0.7	0.34	0.46	0.62	0.27	0.89	0.56	-0.07
Retained Earnings	0.99	0.93	1.0	1.0	0.93	0.57		0.96	0.9	0.9	0.62	0.45	0.9	0.98	-0.24	-0.87	-0.87	0.98	0.98	0.96	0.99	0.99	0.93	0.79	0.94	0.71
Accounts Payable	0.97	0.85	0.97	0.97	0.84	0.42	0.96		0.97	0.82	0.65	0.42	0.97	0.99	-0.26	-0.84	-0.78	0.95	0.92	0.98	0.99	0.96	0.98	0.71	0.95	0.83
Cash	0.89	0.79	0.91	0.91	0.7	0.18	0.9	0.97		0.65	0.68	0.45	1.0	0.95	-0.27	-0.7	-0.6	0.86	0.81	0.97	0.95	0.88	1.0	0.51	0.86	0.89
Non Current Assets Total	0.93	0.77	0.88	0.89	0.99	0.86	0.9	0.82	0.65		0.31	0.15	0.65	0.86	0.01	-0.84	-0.96	0.95	0.95	0.74	0.83	0.93	0.72	0.92	0.85	0.38
Non Currrent Assets Other	0.55	0.78	0.64	0.64	0.39	0.04	0.62	0.65	0.68	0.31		0.95	0.68	0.59	-0.89	-0.73	-0.46	0.48	0.59	0.76	0.7	0.53	0.68	0.47	0.74	0.87
Other Assets	0.36	0.7	0.46	0.46	0.23	-0.01	0.45	0.42	0.45	0.15	0.95		0.45	0.36	-0.95	-0.59	-0.33	0.27	0.43	0.57	0.51	0.32	0.46	0.36	0.55	0.69
Cash And Short Term Investments	0.89	0.79	0.91	0.91	0.7	0.18	0.9	0.97	1.0	0.65	0.68	0.45		0.94	-0.27	-0.7	-0.59	0.86	0.81	0.97	0.95	0.88	1.0	0.51	0.86	0.89
Net Receivables	0.99	0.85	0.98	0.98	0.89	0.49	0.98	0.99	0.95	0.86	0.59	0.36	0.94		-0.18	-0.83	-0.81	0.98	0.95	0.96	0.99	0.98	0.97	0.74	0.94	0.76
Good Will	-0.16	-0.49	-0.26	-0.26	-0.05	0.08	-0.24	-0.26	-0.27	0.01	-0.89	-0.95	-0.27	-0.18		0.52	0.22	-0.08	-0.25	-0.39	-0.32	-0.13	-0.28	-0.29	-0.44	-0.62
Common Stock Shares Outstanding	-0.86	-0.87	-0.87	-0.87	-0.85	-0.67	-0.87	-0.84	-0.7	-0.84	-0.73	-0.59	-0.7	-0.83	0.52		0.93	-0.84	-0.92	-0.83	-0.87	-0.86	-0.76	-0.94	-0.97	-0.67
Short Term Investments	-0.88	-0.81	-0.85	-0.86	-0.96	-0.88	-0.87	-0.78	-0.6	-0.96	-0.46	-0.33	-0.59	-0.81	0.22	0.93		-0.89	-0.94	-0.73	-0.81	-0.88	-0.67	-0.99	-0.89	-0.42
Non Current Liabilities Total	1.0	0.84	0.98	0.98	0.96	0.65	0.98	0.95	0.86	0.95	0.48	0.27	0.86	0.98	-0.08	-0.84	-0.89		0.97	0.9	0.95	1.0	0.9	0.82	0.92	0.62
Inventory	0.98	0.92	0.98	0.98	0.97	0.7	0.98	0.92	0.81	0.95	0.59	0.43	0.81	0.95	-0.25	-0.92	-0.94	0.97		0.91	0.96	0.98	0.87	0.89	0.95	0.62
Other Current Assets	0.94	0.91	0.97	0.97	0.8	0.34	0.96	0.98	0.97	0.74	0.76	0.57	0.97	0.96	-0.39	-0.83	-0.73	0.9	0.91		0.99	0.93	0.99	0.66	0.93	0.87
Other Stockholder Equity	0.98	0.92	0.99	0.99	0.87	0.46	0.99	0.99	0.95	0.83	0.7	0.51	0.95	0.99	-0.32	-0.87	-0.81	0.95	0.96	0.99		0.97	0.97	0.75	0.96	0.81
Total Liab	1.0	0.87	0.99	0.99	0.96	0.62	0.99	0.96	0.88	0.93	0.53	0.32	0.88	0.98	-0.13	-0.86	-0.88	1.0	0.98	0.93	0.97		0.92	0.81	0.93	0.65
Total Current Assets	0.93	0.84	0.95	0.94	0.77	0.27	0.93	0.98	1.0	0.72	0.68	0.46	1.0	0.97	-0.28	-0.76	-0.67	0.9	0.87	0.99	0.97	0.92		0.58	0.9	0.87
Common Stock	0.81	0.76	0.78	0.79	0.9	0.89	0.79	0.71	0.51	0.92	0.47	0.36	0.51	0.74	-0.29	-0.94	-0.99	0.82	0.89	0.66	0.75	0.81	0.58		0.86	0.38
Short Long Term Debt Total	0.94	0.89	0.95	0.95	0.87	0.56	0.94	0.95	0.86	0.85	0.74	0.55	0.86	0.94	-0.44	-0.97	-0.89	0.92	0.95	0.93	0.96	0.93	0.9	0.86		0.79
Long Term Debt	0.67	0.7	0.73	0.73	0.43	-0.07	0.71	0.83	0.89	0.38	0.87	0.69	0.89	0.76	-0.62	-0.67	-0.42	0.62	0.62	0.87	0.81	0.65	0.87	0.38	0.79

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Ross Stores Account Relationship Matchups

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Ross Net Receivables vs Short Term Investments Analysis

Net Receivables vs Short Term Investments

Net Receivables vs Short Term Investments Correlation Analysis

Correlation Coefficient

Net Receivables

Short Term Investments

Ross Stores fundamental ratios Correlations

Ross Stores Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Ross Stock Analysis

COMMON DESTINATIONS

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COMPANY

Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash

Common Stock	- 0.99	Short Term Investments
Short Long Term Debt Total	- 0.97	Common Stock Shares Outstanding
Short Term Investments	- 0.96	Non Current Assets Total
Short Term Investments	- 0.96	Property Plant And Equipment Net
Good Will	- 0.95	Other Assets
Inventory	- 0.94	Short Term Investments