Macys Net Income vs Change Receivables Analysis
M Stock | USD 16.72 0.16 0.97% |
Macys financial indicator trend analysis is infinitely more than just investigating Macys Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Macys Inc is a good investment. Please check the relationship between Macys Net Income and its Change Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys 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 population.
Net Income vs Change Receivables
Net Income vs Change Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Macys Inc Net Income account and Change Receivables. At this time, the significance of the direction appears to have no relationship.
The correlation between Macys' Net Income and Change Receivables is 0.06. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change Receivables in the same time period over historical financial statements of Macys Inc, assuming nothing else is changed. The correlation between historical values of Macys' Net Income and Change Receivables 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 Income of Macys Inc are associated (or correlated) with its Change Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change Receivables has no effect on the direction of Net Income i.e., Macys' Net Income and Change Receivables go up and down completely randomly.
Correlation Coefficient | 0.06 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Macys Inc financial statement analysis. It represents the amount of money remaining after all of Macys Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Change Receivables
The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.Most indicators from Macys' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Macys 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys 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 population. As of the 17th of December 2024, Selling General Administrative is likely to drop to about 7.8 B. In addition to that, Tax Provision is likely to drop to about 18.1 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 10.3B | 10.0B | 9.7B | 9.2B | Total Revenue | 25.3B | 23.9B | 27.4B | 22.7B |
Macys fundamental ratios Correlations
Click cells to compare fundamentals
Macys Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Macys fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 21.2B | 17.7B | 17.6B | 16.9B | 16.2B | 20.1B | |
Short Long Term Debt Total | 7.1B | 8.0B | 6.8B | 6.4B | 6.3B | 7.0B | |
Other Current Liab | (758M) | 968M | 1.1B | 1.1B | 1.1B | 1.1B | |
Total Current Liabilities | 5.8B | 5.4B | 5.4B | 4.9B | 4.4B | 5.1B | |
Total Stockholder Equity | 6.4B | 2.6B | 3.6B | 4.1B | 4.1B | 6.2B | |
Property Plant And Equipment Net | 9.3B | 8.8B | 8.5B | 8.6B | 7.6B | 8.3B | |
Net Debt | 6.4B | 6.4B | 5.1B | 5.5B | 5.3B | 5.9B | |
Retained Earnings | 8.0B | 3.9B | 5.3B | 6.3B | 6.2B | 4.5B | |
Accounts Payable | 5.1B | 2.9B | 3.3B | 2.9B | 2.5B | 3.6B | |
Cash | 685M | 1.7B | 1.7B | 862M | 1.0B | 1.1B | |
Non Current Assets Total | 14.4B | 11.5B | 10.8B | 11.0B | 10.2B | 12.4B | |
Non Currrent Assets Other | 714M | 1.4B | 1.1B | 210M | 541M | 743.7M | |
Cash And Short Term Investments | 685M | 1.7B | 1.7B | 862M | 1.0B | 1.1B | |
Net Receivables | 409M | 276M | 297M | 300M | 293M | 278.4M | |
Liabilities And Stockholders Equity | 21.2B | 17.7B | 17.6B | 16.9B | 16.2B | 20.1B | |
Non Current Liabilities Total | 9.0B | 9.8B | 8.6B | 7.9B | 7.7B | 8.9B | |
Inventory | 5.2B | 3.8B | 4.4B | 4.3B | 4.4B | 4.6B | |
Other Current Assets | 528M | 455M | 366M | 424M | 401M | 400.9M | |
Other Stockholder Equity | (620M) | (590M) | (1.0B) | (1.6B) | (1.6B) | (1.5B) | |
Total Liab | 14.8B | 15.2B | 14.0B | 12.8B | 12.1B | 14.0B | |
Property Plant And Equipment Gross | 9.3B | 8.8B | 8.5B | 8.6B | 11.9B | 8.4B | |
Total Current Assets | 6.8B | 6.2B | 6.8B | 5.9B | 6.1B | 7.7B | |
Accumulated Other Comprehensive Income | (995M) | (788M) | (622M) | (618M) | (496M) | (520.8M) | |
Short Term Debt | 539M | 652M | 438M | 335M | 103M | 97.9M | |
Intangible Assets | 439M | 437M | 435M | 432M | 430M | 538.2M | |
Other Liab | 2.5B | 2.2B | 2.2B | 2.0B | 2.3B | 2.0B | |
Other Assets | 72M | 1.4B | 1.1B | 1.2B | 1.3B | 1.4B | |
Long Term Debt | 3.6B | 4.4B | 3.3B | 3.0B | 3.0B | 4.5B | |
Treasury Stock | (1.3B) | (1.2B) | (1.2B) | (1.5B) | (1.8B) | (1.9B) | |
Property Plant Equipment | 6.6B | 8.8B | 8.5B | 8.6B | 9.9B | 8.9B | |
Current Deferred Revenue | 839M | 616M | 481M | 399M | 384M | 675.9M | |
Net Tangible Assets | 1.3B | 2.1B | 4.9B | 2.4B | 2.7B | 1.7B |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys 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 population. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Broadline Retail space 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 Macys. If investors know Macys 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 Macys 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 (0.61) | Earnings Share 0.62 | Revenue Per Share 85.208 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0511 |
The market value of Macys Inc is measured differently than its book value, which is the value of Macys that is recorded on the company's balance sheet. Investors also form their own opinion of Macys' value that differs from its market value or its book value, called intrinsic value, which is Macys' 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 Macys' market value can be influenced by many factors that don't directly affect Macys' 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 Macys' value and its price as these two are different measures arrived at by different means. Investors typically determine if Macys is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macys' 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.