CarMax Depreciation vs Begin Period Cash Flow Analysis

KMX Stock  USD 86.26  0.52  0.60%   
CarMax financial indicator trend analysis is way more than just evaluating CarMax Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CarMax Inc is a good investment. Please check the relationship between CarMax Depreciation and its Begin Period Cash Flow accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in CarMax 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.

Depreciation vs Begin Period Cash Flow

Depreciation vs Begin Period Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CarMax Inc Depreciation account and Begin Period Cash Flow. At this time, the significance of the direction appears to have strong relationship.
The correlation between CarMax's Depreciation and Begin Period Cash Flow is 0.66. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Begin Period Cash Flow in the same time period over historical financial statements of CarMax Inc, assuming nothing else is changed. The correlation between historical values of CarMax's Depreciation and Begin Period Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of CarMax Inc are associated (or correlated) with its Begin Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Begin Period Cash Flow has no effect on the direction of Depreciation i.e., CarMax's Depreciation and Begin Period Cash Flow go up and down completely randomly.

Correlation Coefficient

0.66
Relationship DirectionPositive 
Relationship StrengthSignificant

Depreciation

Depreciation indicates how much of CarMax Inc value has been used up. For tax purposes CarMax can deduct the cost of the tangible assets it purchases as business expenses. However, CarMax Inc must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.
Most indicators from CarMax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CarMax 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 CarMax 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.
At this time, CarMax's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 62.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.1 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit3.3B2.8B2.7B1.5B
Total Revenue31.9B29.7B26.5B27.9B

CarMax fundamental ratios Correlations

0.760.990.951.00.990.990.331.00.250.110.720.111.00.950.861.00.961.00.720.630.311.00.80.94-0.07
0.760.770.70.80.760.830.090.76-0.18-0.050.59-0.060.760.730.80.760.720.750.140.840.440.760.690.69-0.22
0.990.770.970.980.960.990.430.980.260.20.70.060.980.940.910.980.960.980.740.590.240.980.720.96-0.09
0.950.70.970.940.910.960.540.940.270.370.640.230.930.90.870.930.940.930.760.540.270.930.661.00.1
1.00.80.980.940.990.980.321.00.240.090.680.080.990.930.860.990.930.990.680.670.290.990.790.92-0.1
0.990.760.960.910.990.970.220.990.22-0.010.730.071.00.950.831.00.941.00.690.650.331.00.840.89-0.12
0.990.830.990.960.980.970.360.980.170.150.750.090.980.960.910.980.970.980.660.650.330.980.780.95-0.08
0.330.090.430.540.320.220.360.320.50.92-0.030.140.270.210.440.270.340.280.62-0.13-0.430.26-0.180.570.24
1.00.760.980.941.00.990.980.320.280.090.670.111.00.930.841.00.931.00.720.650.281.00.80.93-0.07
0.25-0.180.260.270.240.220.170.50.280.28-0.290.340.250.07-0.070.240.10.250.62-0.13-0.720.24-0.070.260.35
0.11-0.050.20.370.09-0.010.150.920.090.28-0.140.250.040.020.250.040.160.050.39-0.21-0.280.04-0.30.410.38
0.720.590.70.640.680.730.75-0.030.67-0.29-0.14-0.150.720.880.780.720.850.720.430.340.620.730.720.64-0.3
0.11-0.060.060.230.080.070.090.140.110.340.25-0.150.080.09-0.210.080.110.080.110.170.10.090.10.240.97
1.00.760.980.930.991.00.980.271.00.250.040.720.080.950.841.00.941.00.70.640.311.00.830.91-0.11
0.950.730.940.90.930.950.960.210.930.070.020.880.090.950.860.950.990.950.650.560.460.950.830.89-0.09
0.860.80.910.870.860.830.910.440.84-0.070.250.78-0.210.840.860.850.90.840.570.50.340.840.590.87-0.31
1.00.760.980.930.991.00.980.271.00.240.040.720.081.00.950.850.951.00.70.640.321.00.820.91-0.11
0.960.720.960.940.930.940.970.340.930.10.160.850.110.940.990.90.950.940.70.520.410.950.770.94-0.05
1.00.750.980.930.991.00.980.281.00.250.050.720.081.00.950.841.00.940.710.630.31.00.820.91-0.11
0.720.140.740.760.680.690.660.620.720.620.390.430.110.70.650.570.70.70.710.01-0.150.70.360.750.06
0.630.840.590.540.670.650.65-0.130.65-0.13-0.210.340.170.640.560.50.640.520.630.010.50.640.790.53-0.04
0.310.440.240.270.290.330.33-0.430.28-0.72-0.280.620.10.310.460.340.320.410.3-0.150.50.320.60.27-0.05
1.00.760.980.930.991.00.980.261.00.240.040.730.091.00.950.841.00.951.00.70.640.320.830.91-0.1
0.80.690.720.660.790.840.78-0.180.8-0.07-0.30.720.10.830.830.590.820.770.820.360.790.60.830.64-0.15
0.940.690.961.00.920.890.950.570.930.260.410.640.240.910.890.870.910.940.910.750.530.270.910.640.12
-0.07-0.22-0.090.1-0.1-0.12-0.080.24-0.070.350.38-0.30.97-0.11-0.09-0.31-0.11-0.05-0.110.06-0.04-0.05-0.1-0.150.12
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CarMax Account Relationship Matchups

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