Ross Other Current Assets vs Total Stockholder Equity 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 Other Current Assets and its Total Stockholder Equity 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.

Other Current Assets vs Total Stockholder Equity

Other Current Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ross Stores Other Current Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ross Stores' Other Current Assets and Total Stockholder Equity is 0.97. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Stockholder Equity 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' Other Current Assets and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Ross Stores are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Current Assets i.e., Ross Stores' Other Current Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

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 Other Current Assets vs Total Stockholder Equity Analysis

Other Current Assets vs Total Stockholder Equity

Other Current Assets vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Other Current Assets

Total Stockholder Equity

Ross Stores fundamental ratios Correlations

Ross Stores Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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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