Costco Cash And Short Term Investments vs Inventory Analysis

COST Stock

USD 960.89 3.12 0.32%

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 Cash And Short Term Investments and its 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 state.

Cash And Short Term Investments vs Inventory

Cash And Short Term Investments vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Costco Wholesale Corp Cash And Short Term Investments account and Inventory. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Costco Wholesale's Cash And Short Term Investments and Inventory is 0.87. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of 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 Cash And Short Term Investments and 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 Cash And Short Term Investments of Costco Wholesale Corp are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash And Short Term Investments i.e., Costco Wholesale's Cash And Short Term Investments and Inventory go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Costco Wholesale Corp balance sheet. This account contains Costco Wholesale investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Costco Wholesale Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Inventory

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 state.

Tax Provision is likely to drop to about 1.8 B in 2024. Selling General Administrative is likely to drop to about 19.2 B in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	27.6B	29.7B	32.1B	33.7B
Total Revenue	227.0B	242.3B	254.5B	267.2B

Gross Profit Total Revenue

Costco Wholesale fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Short Term Investments	Common Stock	Current Deferred Revenue
Total Assets		0.89	0.77	1.0	0.98	1.0	-0.55	0.96	0.92	1.0	0.85	0.93	0.96	0.62	0.93	0.99	-0.19	0.94	1.0	1.0	-0.2	0.64	0.99	0.24	0.2	0.65
Short Long Term Debt Total	0.89		0.55	0.87	0.8	0.89	-0.31	0.76	0.9	0.88	0.65	0.9	0.79	0.63	0.97	0.84	-0.35	0.89	0.91	0.89	-0.14	0.6	0.87	0.22	0.47	0.74
Other Current Liab	0.77	0.55		0.78	0.79	0.76	-0.48	0.8	0.65	0.77	0.65	0.66	0.79	0.41	0.64	0.8	0.22	0.67	0.76	0.77	0.18	0.44	0.79	0.25	-0.22	0.3
Total Current Liabilities	1.0	0.87	0.78		0.97	0.99	-0.53	0.96	0.9	0.99	0.87	0.91	0.97	0.59	0.91	0.99	-0.22	0.93	0.99	0.99	-0.24	0.61	1.0	0.2	0.2	0.64
Total Stockholder Equity	0.98	0.8	0.79	0.97		0.97	-0.64	0.99	0.9	0.97	0.82	0.92	0.95	0.64	0.85	0.96	-0.07	0.92	0.96	0.98	-0.15	0.66	0.97	0.31	0.08	0.58
Property Plant And Equipment Net	1.0	0.89	0.76	0.99	0.97		-0.5	0.95	0.91	1.0	0.84	0.92	0.97	0.65	0.93	0.99	-0.21	0.96	0.99	0.99	-0.22	0.67	0.99	0.26	0.23	0.64
Net Debt	-0.55	-0.31	-0.48	-0.53	-0.64	-0.5		-0.69	-0.7	-0.51	-0.41	-0.68	-0.43	-0.11	-0.37	-0.47	-0.21	-0.36	-0.5	-0.58	0.06	-0.09	-0.53	0.01	0.08	-0.51
Retained Earnings	0.96	0.76	0.8	0.96	0.99	0.95	-0.69		0.9	0.96	0.84	0.9	0.93	0.53	0.82	0.95	-0.11	0.86	0.94	0.97	-0.19	0.56	0.95	0.23	0.01	0.59
Cash	0.92	0.9	0.65	0.9	0.9	0.91	-0.7	0.9		0.9	0.69	1.0	0.8	0.52	0.91	0.86	-0.16	0.83	0.92	0.94	-0.13	0.5	0.9	0.16	0.3	0.79
Non Current Assets Total	1.0	0.88	0.77	0.99	0.97	1.0	-0.51	0.96	0.9		0.87	0.91	0.97	0.62	0.93	0.99	-0.21	0.95	0.99	0.99	-0.24	0.65	0.99	0.23	0.21	0.63
Non Currrent Assets Other	0.85	0.65	0.65	0.87	0.82	0.84	-0.41	0.84	0.69	0.87		0.68	0.88	0.29	0.73	0.86	-0.34	0.74	0.85	0.82	-0.36	0.39	0.86	-0.07	0.13	0.4
Cash And Short Term Investments	0.93	0.9	0.66	0.91	0.92	0.92	-0.68	0.9	1.0	0.91	0.68		0.82	0.59	0.91	0.87	-0.13	0.86	0.92	0.95	-0.08	0.57	0.91	0.26	0.27	0.76
Net Receivables	0.96	0.79	0.79	0.97	0.95	0.97	-0.43	0.93	0.8	0.97	0.88	0.82		0.62	0.85	0.99	-0.19	0.93	0.96	0.95	-0.22	0.68	0.97	0.28	0.12	0.48
Common Stock Shares Outstanding	0.62	0.63	0.41	0.59	0.64	0.65	-0.11	0.53	0.52	0.62	0.29	0.59	0.62		0.61	0.62	0.15	0.82	0.61	0.62	0.15	0.98	0.59	0.8	0.22	0.27
Non Current Liabilities Total	0.93	0.97	0.64	0.91	0.85	0.93	-0.37	0.82	0.91	0.93	0.73	0.91	0.85	0.61		0.9	-0.28	0.89	0.95	0.93	-0.16	0.6	0.92	0.18	0.38	0.71
Inventory	0.99	0.84	0.8	0.99	0.96	0.99	-0.47	0.95	0.86	0.99	0.86	0.87	0.99	0.62	0.9		-0.19	0.93	0.98	0.98	-0.21	0.65	0.99	0.24	0.14	0.59
Other Current Assets	-0.19	-0.35	0.22	-0.22	-0.07	-0.21	-0.21	-0.11	-0.16	-0.21	-0.34	-0.13	-0.19	0.15	-0.28	-0.19		-0.15	-0.24	-0.17	0.67	0.14	-0.19	0.33	-0.32	-0.32
Other Stockholder Equity	0.94	0.89	0.67	0.93	0.92	0.96	-0.36	0.86	0.83	0.95	0.74	0.86	0.93	0.82	0.89	0.93	-0.15		0.94	0.93	-0.13	0.84	0.93	0.45	0.32	0.55
Total Liab	1.0	0.91	0.76	0.99	0.96	0.99	-0.5	0.94	0.92	0.99	0.85	0.92	0.96	0.61	0.95	0.98	-0.24	0.94		0.99	-0.22	0.62	0.99	0.2	0.25	0.67
Total Current Assets	1.0	0.89	0.77	0.99	0.98	0.99	-0.58	0.97	0.94	0.99	0.82	0.95	0.95	0.62	0.93	0.98	-0.17	0.93	0.99		-0.16	0.63	0.99	0.25	0.19	0.67
Short Term Debt	-0.2	-0.14	0.18	-0.24	-0.15	-0.22	0.06	-0.19	-0.13	-0.24	-0.36	-0.08	-0.22	0.15	-0.16	-0.21	0.67	-0.13	-0.22	-0.16		0.12	-0.22	0.42	-0.26	-0.29
Intangible Assets	0.64	0.6	0.44	0.61	0.66	0.67	-0.09	0.56	0.5	0.65	0.39	0.57	0.68	0.98	0.6	0.65	0.14	0.84	0.62	0.63	0.12		0.62	0.78	0.2	0.17
Accounts Payable	0.99	0.87	0.79	1.0	0.97	0.99	-0.53	0.95	0.9	0.99	0.86	0.91	0.97	0.59	0.92	0.99	-0.19	0.93	0.99	0.99	-0.22	0.62		0.2	0.2	0.63
Short Term Investments	0.24	0.22	0.25	0.2	0.31	0.26	0.01	0.23	0.16	0.23	-0.07	0.26	0.28	0.8	0.18	0.24	0.33	0.45	0.2	0.25	0.42	0.78	0.2		-0.15	-0.14
Common Stock	0.2	0.47	-0.22	0.2	0.08	0.23	0.08	0.01	0.3	0.21	0.13	0.27	0.12	0.22	0.38	0.14	-0.32	0.32	0.25	0.19	-0.26	0.2	0.2	-0.15		0.45
Current Deferred Revenue	0.65	0.74	0.3	0.64	0.58	0.64	-0.51	0.59	0.79	0.63	0.4	0.76	0.48	0.27	0.71	0.59	-0.32	0.55	0.67	0.67	-0.29	0.17	0.63	-0.14	0.45

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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	69.8B	73.3B
Short Long Term Debt Total	10.2B	10.1B	9.0B	8.9B	8.3B	8.7B
Other Current Liab	3.7B	12.4B	14.1B	15.0B	15.9B	16.7B
Total Current Liabilities	24.8B	29.4B	32.0B	33.6B	35.5B	37.2B
Total Stockholder Equity	18.3B	17.6B	20.6B	25.1B	23.6B	24.8B
Property Plant And Equipment Net	25.2B	27.4B	29.0B	30.7B	31.6B	33.2B
Net Debt	(2.1B)	(1.1B)	(1.2B)	(4.8B)	(1.6B)	(1.6B)
Retained Earnings	12.9B	11.7B	15.6B	19.5B	17.6B	18.5B
Cash	12.3B	11.3B	10.2B	13.7B	9.9B	10.4B
Non Current Assets Total	27.4B	29.8B	31.5B	33.1B	35.6B	37.4B
Non Currrent Assets Other	1.3B	1.4B	1.4B	1.4B	2.9B	3.1B
Cash And Short Term Investments	13.3B	12.2B	11.0B	15.2B	11.1B	11.7B
Net Receivables	1.6B	1.8B	2.2B	2.3B	2.7B	2.9B
Common Stock Shares Outstanding	443.9M	444.3M	444.8M	444.5M	444.8M	443.4M
Liabilities And Stockholders Equity	55.6B	59.3B	64.2B	69.0B	69.8B	73.3B
Non Current Liabilities Total	12.0B	11.7B	11.5B	10.4B	10.7B	11.3B
Inventory	12.2B	14.2B	17.9B	16.7B	18.6B	19.6B
Other Current Assets	1.0B	1.3B	1.5B	1.7B	1.7B	1.3B
Other Stockholder Equity	6.7B	7.0B	6.9B	7.3B	7.8B	8.2B
Total Liab	36.9B	41.2B	43.5B	43.9B	46.2B	48.5B
Total Current Assets	28.1B	29.5B	32.7B	35.9B	34.2B	36.0B
Accumulated Other Comprehensive Income	(1.3B)	(1.1B)	(1.8B)	(1.8B)	(1.8B)	(1.7B)
Short Term Debt	95M	799M	73M	1.1B	103M	97.9M
Accounts Payable	14.2B	16.3B	17.8B	17.5B	19.4B	20.4B
Short Term Investments	1.0B	917M	846M	1.5B	1.2B	1.0B
Current Deferred Revenue	6.8B	7.8B	8.5B	8.8B	2.5B	2.5B
Good Will	988M	996M	993M	994M	1.1B	1.2B
Other Assets	978M	1.1B	4.1B	1.4B	1.6B	1.6B
Long Term Debt	7.5B	6.7B	6.5B	5.4B	5.8B	5.0B
Long Term Debt Total	8.2B	7.7B	6.5B	6.7B	7.7B	7.5B
Capital Surpluse	6.7B	7.0B	6.9B	7.3B	8.4B	7.3B
Cash And Equivalents	12.3B	11.3B	10.2B	13.7B	15.8B	10.4B
Property Plant Equipment	25.2B	27.4B	27.4B	30.7B	35.3B	26.6B
Other Liab	1.3B	1.4B	2.6B	1.2B	1.4B	1.6B
Net Tangible Assets	17.3B	16.6B	20.6B	24.1B	27.7B	19.5B
Net Invested Capital	25.9B	25.1B	27.2B	31.5B	29.5B	28.4B
Non Current Liabilities Other	1.9B	2.4B	2.6B	2.6B	2.6B	2.3B
Net Working Capital	3.3B	64M	698M	2.3B	(1.2B)	(1.2B)
Short Long Term Debt	95M	799M	73M	1.1B	103M	97.9M

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