Costco Free Cash Flow vs Change To Inventory Analysis

COST Stock

45.81 0.30 0.65%

Costco Wholesale financial indicator trend analysis is way more than just evaluating Costco Wholesale Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Costco Wholesale Corp is a good investment. Please check the relationship between Costco Wholesale Free Cash Flow and its Change To Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costco Wholesale Corp. 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.

Free Cash Flow vs Change To Inventory

Free Cash Flow vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Costco Wholesale Corp Free Cash Flow account and Change To Inventory. At this time, the significance of the direction appears to have strong relationship.

The correlation between Costco Wholesale's Free Cash Flow and Change To Inventory is 0.63. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Costco Wholesale Corp, assuming nothing else is changed. The correlation between historical values of Costco Wholesale's Free Cash Flow and Change To 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 Free Cash Flow of Costco Wholesale Corp are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Free Cash Flow i.e., Costco Wholesale's Free Cash Flow and Change To Inventory go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Most indicators from Costco Wholesale's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Costco Wholesale Corp 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 Costco Wholesale Corp. 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.

As of December 12, 2024, Tax Provision is expected to decline to about 1.7 B. In addition to that, Selling General Administrative is expected to decline to about 19.3 B

	2021	2022	2023	2024 (projected)
Gross Profit	27.6B	29.7B	34.2B	26.1B
Total Revenue	227.0B	242.3B	278.6B	206.5B

Gross Profit Total Revenue

Costco Wholesale fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Non Current Liabilities Other
Total Assets		0.98	0.99	0.99	0.19	0.98	-0.49	0.98	0.99	0.97	1.0	0.97	0.98	-0.51	0.89	0.72	0.37	0.86	0.96	0.97	-0.79	0.99	0.99	1.0	-0.88	0.99
Other Current Liab	0.98		0.99	0.98	0.14	0.99	-0.48	0.98	0.97	0.92	0.97	0.92	0.93	-0.64	0.94	0.73	0.47	0.75	0.97	0.96	-0.83	0.96	0.98	0.98	-0.92	0.95
Total Current Liabilities	0.99	0.99		0.98	0.16	0.97	-0.49	0.97	0.99	0.94	0.99	0.96	0.97	-0.56	0.91	0.71	0.36	0.83	0.98	0.97	-0.81	0.99	0.98	0.99	-0.89	0.99
Total Stockholder Equity	0.99	0.98	0.98		0.14	1.0	-0.48	1.0	0.96	0.96	0.98	0.92	0.94	-0.58	0.9	0.73	0.49	0.79	0.94	0.95	-0.81	0.96	1.0	0.99	-0.9	0.95
Other Liab	0.19	0.14	0.16	0.14		0.14	-0.41	0.1	0.21	0.18	0.22	0.16	0.19	0.03	0.24	0.47	0.36	0.34	0.14	0.0	0.27	0.21	0.17	0.16	-0.02	0.2
Net Tangible Assets	0.98	0.99	0.97	1.0	0.14		-0.49	1.0	0.95	0.95	0.97	0.91	0.92	-0.61	0.91	0.75	0.52	0.76	0.94	0.94	-0.81	0.95	0.99	0.98	-0.91	0.93
Net Debt	-0.49	-0.48	-0.49	-0.48	-0.41	-0.49		-0.46	-0.48	-0.46	-0.49	-0.39	-0.47	0.63	-0.48	-0.84	-0.34	-0.41	-0.47	-0.43	0.48	-0.49	-0.51	-0.49	0.49	-0.45
Retained Earnings	0.98	0.98	0.97	1.0	0.1	1.0	-0.46		0.95	0.95	0.97	0.92	0.93	-0.58	0.91	0.71	0.49	0.77	0.95	0.95	-0.83	0.96	0.99	0.99	-0.91	0.94
Accounts Payable	0.99	0.97	0.99	0.96	0.21	0.95	-0.48	0.95		0.93	0.99	0.98	0.99	-0.47	0.9	0.69	0.29	0.89	0.98	0.95	-0.78	1.0	0.96	0.99	-0.88	1.0
Cash	0.97	0.92	0.94	0.96	0.18	0.95	-0.46	0.95	0.93		0.96	0.93	0.96	-0.46	0.76	0.68	0.36	0.86	0.86	0.95	-0.7	0.95	0.97	0.97	-0.76	0.94
Non Current Assets Total	1.0	0.97	0.99	0.98	0.22	0.97	-0.49	0.97	0.99	0.96		0.98	0.99	-0.48	0.88	0.71	0.34	0.89	0.96	0.96	-0.77	1.0	0.98	1.0	-0.87	0.99
Non Currrent Assets Other	0.97	0.92	0.96	0.92	0.16	0.91	-0.39	0.92	0.98	0.93	0.98		0.99	-0.33	0.82	0.58	0.16	0.93	0.94	0.94	-0.76	0.99	0.93	0.96	-0.83	0.99
Other Assets	0.98	0.93	0.97	0.94	0.19	0.92	-0.47	0.93	0.99	0.96	0.99	0.99		-0.41	0.82	0.65	0.2	0.92	0.94	0.96	-0.75	0.99	0.95	0.98	-0.82	0.99
Long Term Debt	-0.51	-0.64	-0.56	-0.58	0.03	-0.61	0.63	-0.58	-0.47	-0.46	-0.48	-0.33	-0.41		-0.6	-0.69	-0.59	-0.08	-0.53	-0.57	0.63	-0.46	-0.57	-0.53	0.61	-0.44
Net Receivables	0.89	0.94	0.91	0.9	0.24	0.91	-0.48	0.91	0.9	0.76	0.88	0.82	0.82	-0.6		0.74	0.56	0.65	0.95	0.8	-0.79	0.87	0.88	0.89	-0.96	0.87
Common Stock Shares Outstanding	0.72	0.73	0.71	0.73	0.47	0.75	-0.84	0.71	0.69	0.68	0.71	0.58	0.65	-0.69	0.74		0.6	0.54	0.69	0.63	-0.52	0.69	0.75	0.72	-0.66	0.65
Short Term Investments	0.37	0.47	0.36	0.49	0.36	0.52	-0.34	0.49	0.29	0.36	0.34	0.16	0.2	-0.59	0.56	0.6		0.04	0.33	0.25	-0.25	0.29	0.47	0.39	-0.45	0.25
Non Current Liabilities Total	0.86	0.75	0.83	0.79	0.34	0.76	-0.41	0.77	0.89	0.86	0.89	0.93	0.92	-0.08	0.65	0.54	0.04		0.8	0.79	-0.55	0.9	0.81	0.85	-0.64	0.9
Inventory	0.96	0.97	0.98	0.94	0.14	0.94	-0.47	0.95	0.98	0.86	0.96	0.94	0.94	-0.53	0.95	0.69	0.33	0.8		0.92	-0.85	0.97	0.94	0.96	-0.95	0.97
Other Current Assets	0.97	0.96	0.97	0.95	0.0	0.94	-0.43	0.95	0.95	0.95	0.96	0.94	0.96	-0.57	0.8	0.63	0.25	0.79	0.92		-0.81	0.96	0.96	0.97	-0.83	0.96
Other Stockholder Equity	-0.79	-0.83	-0.81	-0.81	0.27	-0.81	0.48	-0.83	-0.78	-0.7	-0.77	-0.76	-0.75	0.63	-0.79	-0.52	-0.25	-0.55	-0.85	-0.81		-0.77	-0.79	-0.8	0.93	-0.76
Total Liab	0.99	0.96	0.99	0.96	0.21	0.95	-0.49	0.96	1.0	0.95	1.0	0.99	0.99	-0.46	0.87	0.69	0.29	0.9	0.97	0.96	-0.77		0.97	0.99	-0.86	1.0
Net Invested Capital	0.99	0.98	0.98	1.0	0.17	0.99	-0.51	0.99	0.96	0.97	0.98	0.93	0.95	-0.57	0.88	0.75	0.47	0.81	0.94	0.96	-0.79	0.97		0.99	-0.88	0.95
Total Current Assets	1.0	0.98	0.99	0.99	0.16	0.98	-0.49	0.99	0.99	0.97	1.0	0.96	0.98	-0.53	0.89	0.72	0.39	0.85	0.96	0.97	-0.8	0.99	0.99		-0.89	0.98
Capital Stock	-0.88	-0.92	-0.89	-0.9	-0.02	-0.91	0.49	-0.91	-0.88	-0.76	-0.87	-0.83	-0.82	0.61	-0.96	-0.66	-0.45	-0.64	-0.95	-0.83	0.93	-0.86	-0.88	-0.89		-0.85
Non Current Liabilities Other	0.99	0.95	0.99	0.95	0.2	0.93	-0.45	0.94	1.0	0.94	0.99	0.99	0.99	-0.44	0.87	0.65	0.25	0.9	0.97	0.96	-0.76	1.0	0.95	0.98	-0.85

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Costco Wholesale Account Relationship Matchups

Costco Wholesale fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	55.6B	59.3B	64.2B	69.0B	79.3B	61.3B
Other Current Liab	5.3B	6.3B	7.3B	8.2B	9.5B	6.8B
Total Current Liabilities	24.8B	29.4B	32.0B	33.6B	38.6B	29.9B
Total Stockholder Equity	18.3B	17.6B	20.6B	25.1B	28.8B	20.1B
Other Liab	1.3B	1.4B	1.2B	1.2B	1.4B	1.4B
Net Tangible Assets	17.3B	16.6B	19.6B	24.1B	27.7B	19.4B
Retained Earnings	12.9B	11.7B	15.6B	19.5B	22.4B	14.3B
Accounts Payable	14.2B	16.3B	17.8B	17.5B	20.1B	16.3B
Cash	12.3B	11.3B	10.2B	13.7B	15.8B	11.3B
Non Current Assets Total	27.4B	29.8B	31.5B	33.1B	38.1B	30.1B
Non Currrent Assets Other	2.8B	3.4B	4.1B	3.7B	4.3B	2.9B
Other Assets	1.3B	1.4B	1.4B	1.4B	1.6B	1.3B
Long Term Debt	7.5B	6.7B	6.5B	5.4B	4.8B	5.0B
Net Receivables	1.6B	1.8B	2.2B	2.3B	2.6B	2.0B
Common Stock Shares Outstanding	441.3M	441.8M	442.7M	442.8M	509.2M	485.2M
Short Term Investments	1.0B	917M	846M	1.5B	1.8B	1.2B
Non Current Liabilities Total	12.0B	11.7B	11.5B	10.4B	11.9B	11.0B
Inventory	12.2B	14.2B	17.9B	16.7B	19.1B	15.3B
Other Current Assets	1.0B	1.3B	1.5B	1.7B	2.0B	1.3B
Other Stockholder Equity	(1.3B)	(1.1B)	(1.8B)	(1.8B)	(1.6B)	(1.7B)
Total Liab	36.9B	41.2B	43.5B	43.9B	50.5B	40.9B
Net Invested Capital	25.9B	25.1B	27.2B	31.5B	36.2B	27.7B
Total Current Assets	28.1B	29.5B	32.7B	35.9B	41.3B	31.2B
Non Current Liabilities Other	1.9B	2.4B	2.6B	2.6B	2.9B	2.2B
Net Working Capital	3.3B	64M	698M	2.3B	2.6B	2.8B
Property Plant Equipment	25.2B	27.4B	29.0B	30.7B	35.3B	28.0B
Short Long Term Debt	95M	799M	73M	1.1B	972.9M	599.5M

Pair Trading with Costco Wholesale

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 Costco Wholesale 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 Costco Wholesale will appreciate offsetting losses from the drop in the long position's value.

Moving together with Costco Stock

0.66	AAPL	Apple Inc CDR	Pair Corr
0.85	AMZN	Amazon CDR	Pair Corr

The ability to find closely correlated positions to Costco Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Costco Wholesale 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 Costco Wholesale - 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 Costco Wholesale Corp to buy it.

The correlation of Costco Wholesale 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 Costco Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Costco Wholesale Corp 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 Costco Wholesale 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.

Pair Correlation Correlation Matching

When determining whether Costco Wholesale Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Costco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Costco Wholesale Corp Stock. Highlighted below are key reports to facilitate an investment decision about Costco Wholesale Corp Stock:

How To Invest In Costco

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Is Costco Stock a good investment?

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What is Costco Wholesale's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costco Wholesale Corp. 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.

You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Please note, there is a significant difference between Costco Wholesale's value and its price as these two are different measures arrived at by different means. Investors typically determine if Costco Wholesale is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Costco Wholesale'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.

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Costco Free Cash Flow vs Change To Inventory Analysis

Free Cash Flow vs Change To Inventory

Free Cash Flow vs Change To Inventory Correlation Analysis

Correlation Coefficient

Free Cash Flow

Change To Inventory

Costco Wholesale fundamental ratios Correlations

Costco Wholesale Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Costco Wholesale fundamental ratios Accounts

Pair Trading with Costco Wholesale

Moving together with Costco Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Retained Earnings	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Total Stockholder Equity
Retained Earnings	+ 1.0	Net Tangible Assets

Capital Stock	- 0.96	Net Receivables
Capital Stock	- 0.95	Inventory
Capital Stock	- 0.92	Other Current Liab
Capital Stock	- 0.91	Retained Earnings
Capital Stock	- 0.91	Net Tangible Assets
Capital Stock	- 0.9	Total Stockholder Equity