LKQ Total Stockholder Equity vs Retained Earnings Analysis

LKQ Stock  USD 37.98  0.39  1.02%   
LKQ financial indicator trend analysis is infinitely more than just investigating LKQ Corporation recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LKQ Corporation is a good investment. Please check the relationship between LKQ Total Stockholder Equity and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LKQ Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Total Stockholder Equity vs Retained Earnings

Total Stockholder Equity vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of LKQ Corporation Total Stockholder Equity account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.
The correlation between LKQ's Total Stockholder Equity and Retained Earnings is 0.95. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of LKQ Corporation, assuming nothing else is changed. The correlation between historical values of LKQ's Total Stockholder Equity and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of LKQ Corporation are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Stockholder Equity i.e., LKQ's Total Stockholder Equity and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from LKQ's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into LKQ Corporation 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 LKQ Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
At this time, LKQ's Discontinued Operations is relatively stable compared to the past year. As of 12/14/2024, Sales General And Administrative To Revenue is likely to grow to 0.29, while Selling General Administrative is likely to drop slightly above 3.7 B.
 2021 2022 2023 2024 (projected)
Total Revenue13.1B12.8B13.9B14.6B
Interest Expense72.1M78M214M151.4M

LKQ fundamental ratios Correlations

0.390.440.360.040.240.360.360.230.250.430.35-0.410.150.490.430.390.410.460.150.350.350.470.230.830.36
0.390.990.990.810.970.970.990.950.960.761.0-0.110.350.90.760.980.990.980.77-0.471.00.980.590.570.81
0.440.990.950.820.940.960.960.950.950.730.99-0.130.40.870.730.970.960.970.8-0.450.970.970.550.620.84
0.360.990.950.750.950.961.00.910.930.80.98-0.120.310.930.80.971.00.970.72-0.421.00.980.610.530.76
0.040.810.820.750.880.740.770.910.870.40.850.20.460.510.40.810.730.710.81-0.770.790.690.490.250.74
0.240.970.940.950.880.890.960.980.990.630.980.130.270.810.630.970.930.930.73-0.650.970.910.620.430.75
0.360.970.960.960.740.890.950.880.890.820.95-0.290.420.90.820.930.970.960.81-0.350.960.960.590.520.82
0.360.990.961.00.770.960.950.910.940.780.98-0.10.310.930.780.970.990.970.73-0.431.00.970.610.530.77
0.230.950.950.910.910.980.880.910.990.590.960.090.30.760.590.950.890.910.77-0.70.940.890.560.440.8
0.250.960.950.930.870.990.890.940.990.610.970.10.230.810.610.970.920.940.72-0.670.960.920.610.440.78
0.430.760.730.80.40.630.820.780.590.610.72-0.570.320.811.00.660.830.780.580.00.770.820.340.620.6
0.351.00.990.980.850.980.950.980.960.970.72-0.040.380.860.720.980.970.960.8-0.520.990.960.610.520.82
-0.41-0.11-0.13-0.120.20.13-0.29-0.10.090.1-0.57-0.04-0.29-0.29-0.570.01-0.2-0.17-0.17-0.56-0.09-0.230.09-0.37-0.18
0.150.350.40.310.460.270.420.310.30.230.320.38-0.290.210.320.320.330.270.540.050.320.290.150.240.26
0.490.90.870.930.510.810.90.930.760.810.810.86-0.290.210.810.880.950.940.55-0.170.920.960.540.620.66
0.430.760.730.80.40.630.820.780.590.611.00.72-0.570.320.810.660.830.780.580.00.770.820.340.620.6
0.390.980.970.970.810.970.930.970.950.970.660.980.010.320.880.660.960.970.73-0.50.980.950.620.520.78
0.410.990.961.00.730.930.970.990.890.920.830.97-0.20.330.950.830.960.980.74-0.360.990.990.590.570.78
0.460.980.970.970.710.930.960.970.910.940.780.96-0.170.270.940.780.970.980.7-0.390.980.990.550.630.78
0.150.770.80.720.810.730.810.730.770.720.580.8-0.170.540.550.580.730.740.7-0.40.750.70.440.320.91
0.35-0.47-0.45-0.42-0.77-0.65-0.35-0.43-0.7-0.670.0-0.52-0.560.05-0.170.0-0.5-0.36-0.39-0.4-0.47-0.34-0.360.15-0.38
0.351.00.971.00.790.970.961.00.940.960.770.99-0.090.320.920.770.980.990.980.75-0.470.980.610.530.79
0.470.980.970.980.690.910.960.970.890.920.820.96-0.230.290.960.820.950.990.990.7-0.340.980.540.640.78
0.230.590.550.610.490.620.590.610.560.610.340.610.090.150.540.340.620.590.550.44-0.360.610.540.010.41
0.830.570.620.530.250.430.520.530.440.440.620.52-0.370.240.620.620.520.570.630.320.150.530.640.010.51
0.360.810.840.760.740.750.820.770.80.780.60.82-0.180.260.660.60.780.780.780.91-0.380.790.780.410.51
Click cells to compare fundamentals

LKQ Account Relationship Matchups

LKQ fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding311.0M305.0M297.7M278M268.3M270.1M
Total Assets12.8B12.4B12.6B12.0B15.1B15.8B
Total Stockholder Equity5.0B5.7B5.8B5.5B6.2B6.5B
Liabilities And Stockholders Equity12.8B12.4B12.6B12.0B15.1B15.8B
Short Long Term Debt Total5.4B4.3B4.2B3.9B5.6B5.9B
Other Current Liab218.9M554.0M548.6M522M626M657.3M
Total Current Liabilities2.2B2.0B2.2B2.3B3.3B3.5B
Other Liab652.5M666.1M643.7M563M647.5M679.8M
Net Debt4.9B4.0B4.0B3.7B5.3B5.6B
Retained Earnings4.1B4.8B5.8B6.7B7.3B7.7B
Accounts Payable942.8M932.4M1.2B1.3B1.6B1.7B
Cash523.0M312.2M274.1M278M299M161.2M
Non Current Assets Total8.1B8.3B8.4B7.8B10.2B10.7B
Non Currrent Assets Other(157.0M)(127.8M)(54.3M)(76M)264M277.2M
Other Assets149.8M1.7B225.0M204M234.6M153.0M
Long Term Debt3.7B2.8B2.8B2.6B3.7B3.8B
Cash And Short Term Investments523.0M312.2M274.1M278M299M161.2M
Good Will4.4B4.6B4.5B4.3B5.6B6.9B
Non Current Liabilities Total5.6B4.7B4.7B4.3B5.6B5.9B
Inventory2.8B2.4B2.6B2.8B3.1B3.3B
Other Current Assets260.9M410.8M534.9M230M283M297.2M
Other Stockholder Equity1.1B975.5M128.1M(883M)(886M)(841.7M)
Total Liab7.7B6.7B6.8B6.5B8.9B9.3B
Total Current Assets4.7B4.0B4.3B4.3B4.9B5.1B
Intangible Assets850.3M814.2M746.1M653M1.3B1.4B
Common Stock3.2M3.2M3.2M3M3.5M2.2M
Property Plant Equipment1.2B1.2B2.7B1.2B1.4B1.5B
Property Plant And Equipment Net2.5B2.6B2.7B2.5B2.9B3.0B
Current Deferred Revenue468.9M543.6M532.2M280M701M736.1M
Net Receivables1.1B1.1B1.1B998M1.2B1.2B
Common Stock Total Equity3.2M3.2M3.2M3M3.5M2.2M
Property Plant And Equipment Gross2.5B2.6B2.7B2.5B4.0B4.2B
Accumulated Other Comprehensive Income(200.9M)(99.0M)(153.1M)(323M)(240M)(228M)
Short Term Debt547.9M502.1M440.9M410M1.0B1.1B
Net Tangible Assets4.6B4.3B485.7M4.2B4.9B2.5B
Noncontrolling Interest In Consolidated Entity39.7M15.6M14.8M14M16.1M12.6M
Retained Earnings Total Equity4.1B4.8B5.8B6.7B7.7B8.0B
Capital Surpluse1.4B1.4B1.5B1.5B1.7B1.3B

Pair Trading with LKQ

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

Moving against LKQ Stock

  0.35TLF Tandy Leather FactoryPairCorr
The ability to find closely correlated positions to LKQ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LKQ 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 LKQ - 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 LKQ Corporation to buy it.
The correlation of LKQ 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 LKQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LKQ Corporation 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 LKQ 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 CorrelationCorrelation Matching

Additional Tools for LKQ Stock Analysis

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