Ross Other Operating Expenses vs Operating Income Analysis

ROST Stock

USD 142.96 3.64 2.61%

Ross Stores financial indicator trend analysis is much more than just breaking down Ross Stores prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ross Stores is a good investment. Please check the relationship between Ross Stores Other Operating Expenses and its Operating Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ross Stores. 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.

For more information on how to buy Ross Stock please use our How to Invest in Ross Stores guide.

Other Operating Expenses vs Operating Income

Other Operating Expenses vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ross Stores Other Operating Expenses account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Ross Stores' Other Operating Expenses and Operating Income is 0.79. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Operating Income in the same time period over historical financial statements of Ross Stores, assuming nothing else is changed. The correlation between historical values of Ross Stores' Other Operating Expenses and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Ross Stores are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Other Operating Expenses i.e., Ross Stores' Other Operating Expenses and Operating Income go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ross Stores. It is also known as Ross Stores overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Ross Stores operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Ross Stores is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Ross Stores' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ross Stores 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ross Stores. 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.

For more information on how to buy Ross Stock please use our How to Invest in Ross Stores guide.Selling General Administrative is likely to gain to about 3.4 B in 2024, whereas Tax Provision is likely to drop slightly above 476 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	5.2B	4.7B	5.6B	5.9B
Total Revenue	18.9B	18.7B	20.4B	21.4B

Gross Profit Total Revenue

Ross Stores 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	Common Stock	Current Deferred Revenue	Short Term Investments
Total Assets		0.97	0.92	0.99	0.93	0.98	0.69	0.93	0.97	0.98	-0.57	0.97	0.95	-0.58	0.97	0.86	0.9	0.88	0.99	0.99	0.93	-0.65	0.97	0.44	-0.32	-0.48
Short Long Term Debt Total	0.97		0.81	0.95	0.81	0.96	0.8	0.82	0.96	0.96	-0.64	0.96	0.85	-0.41	1.0	0.72	0.83	0.74	0.99	0.95	0.91	-0.49	0.92	0.27	-0.45	-0.28
Other Current Liab	0.92	0.81		0.95	0.96	0.89	0.46	0.94	0.86	0.89	-0.35	0.86	0.94	-0.72	0.82	0.96	0.89	0.97	0.88	0.92	0.84	-0.82	0.93	0.58	-0.16	-0.7
Total Current Liabilities	0.99	0.95	0.95		0.93	0.97	0.64	0.92	0.96	0.97	-0.53	0.96	0.95	-0.61	0.96	0.88	0.92	0.9	0.98	0.99	0.91	-0.68	0.98	0.46	-0.32	-0.53
Total Stockholder Equity	0.93	0.81	0.96	0.93		0.91	0.5	1.0	0.85	0.92	-0.39	0.85	0.98	-0.69	0.83	0.96	0.86	0.97	0.87	0.92	0.87	-0.78	0.89	0.59	-0.08	-0.63
Property Plant And Equipment Net	0.98	0.96	0.89	0.97	0.91		0.79	0.92	0.92	1.0	-0.62	0.92	0.94	-0.57	0.97	0.85	0.88	0.86	0.98	0.94	0.92	-0.63	0.93	0.44	-0.24	-0.46
Net Debt	0.69	0.8	0.46	0.64	0.5	0.79		0.52	0.6	0.78	-0.72	0.6	0.55	-0.21	0.78	0.42	0.52	0.42	0.74	0.59	0.68	-0.21	0.58	0.07	-0.24	-0.05
Retained Earnings	0.93	0.82	0.94	0.92	1.0	0.92	0.52		0.86	0.92	-0.39	0.86	0.98	-0.64	0.83	0.95	0.84	0.94	0.87	0.92	0.89	-0.75	0.88	0.55	-0.1	-0.57
Cash	0.97	0.96	0.86	0.96	0.85	0.92	0.6	0.86		0.92	-0.52	1.0	0.88	-0.46	0.97	0.76	0.87	0.79	0.98	0.99	0.89	-0.55	0.95	0.33	-0.49	-0.35
Non Current Assets Total	0.98	0.96	0.89	0.97	0.92	1.0	0.78	0.92	0.92		-0.61	0.92	0.94	-0.58	0.96	0.85	0.88	0.87	0.98	0.94	0.92	-0.63	0.93	0.44	-0.23	-0.47
Non Currrent Assets Other	-0.57	-0.64	-0.35	-0.53	-0.39	-0.62	-0.72	-0.39	-0.52	-0.61		-0.52	-0.49	0.42	-0.66	-0.39	-0.5	-0.38	-0.62	-0.52	-0.47	-0.03	-0.6	-0.33	0.15	0.19
Cash And Short Term Investments	0.97	0.96	0.86	0.96	0.85	0.92	0.6	0.86	1.0	0.92	-0.52		0.88	-0.46	0.97	0.76	0.87	0.79	0.98	0.99	0.89	-0.55	0.95	0.33	-0.49	-0.35
Net Receivables	0.95	0.85	0.94	0.95	0.98	0.94	0.55	0.98	0.88	0.94	-0.49	0.88		-0.71	0.87	0.94	0.91	0.97	0.91	0.94	0.88	-0.76	0.92	0.57	-0.14	-0.64
Common Stock Shares Outstanding	-0.58	-0.41	-0.72	-0.61	-0.69	-0.57	-0.21	-0.64	-0.46	-0.58	0.42	-0.46	-0.71		-0.46	-0.78	-0.73	-0.8	-0.52	-0.56	-0.45	0.55	-0.66	-0.88	-0.25	0.89
Non Current Liabilities Total	0.97	1.0	0.82	0.96	0.83	0.97	0.78	0.83	0.97	0.96	-0.66	0.97	0.87	-0.46		0.74	0.85	0.77	0.99	0.96	0.9	-0.5	0.94	0.31	-0.43	-0.32
Inventory	0.86	0.72	0.96	0.88	0.96	0.85	0.42	0.95	0.76	0.85	-0.39	0.76	0.94	-0.78	0.74		0.81	0.97	0.8	0.85	0.78	-0.8	0.85	0.66	0.01	-0.75
Other Current Assets	0.9	0.83	0.89	0.92	0.86	0.88	0.52	0.84	0.87	0.88	-0.5	0.87	0.91	-0.73	0.85	0.81		0.89	0.89	0.9	0.83	-0.68	0.94	0.61	-0.18	-0.65
Other Stockholder Equity	0.88	0.74	0.97	0.9	0.97	0.86	0.42	0.94	0.79	0.87	-0.38	0.79	0.97	-0.8	0.77	0.97	0.89		0.82	0.87	0.78	-0.85	0.88	0.67	-0.04	-0.79
Total Liab	0.99	0.99	0.88	0.98	0.87	0.98	0.74	0.87	0.98	0.98	-0.62	0.98	0.91	-0.52	0.99	0.8	0.89	0.82		0.98	0.92	-0.57	0.96	0.37	-0.39	-0.4
Total Current Assets	0.99	0.95	0.92	0.99	0.92	0.94	0.59	0.92	0.99	0.94	-0.52	0.99	0.94	-0.56	0.96	0.85	0.9	0.87	0.98		0.91	-0.64	0.97	0.43	-0.39	-0.47
Short Term Debt	0.93	0.91	0.84	0.91	0.87	0.92	0.68	0.89	0.89	0.92	-0.47	0.89	0.88	-0.45	0.9	0.78	0.83	0.78	0.92	0.91		-0.57	0.86	0.32	-0.3	-0.34
Intangible Assets	-0.65	-0.49	-0.82	-0.68	-0.78	-0.63	-0.21	-0.75	-0.55	-0.63	-0.03	-0.55	-0.76	0.55	-0.5	-0.8	-0.68	-0.85	-0.57	-0.64	-0.57		-0.62	-0.4	0.04	0.76
Accounts Payable	0.97	0.92	0.93	0.98	0.89	0.93	0.58	0.88	0.95	0.93	-0.6	0.95	0.92	-0.66	0.94	0.85	0.94	0.88	0.96	0.97	0.86	-0.62		0.52	-0.3	-0.56
Common Stock	0.44	0.27	0.58	0.46	0.59	0.44	0.07	0.55	0.33	0.44	-0.33	0.33	0.57	-0.88	0.31	0.66	0.61	0.67	0.37	0.43	0.32	-0.4	0.52		0.43	-0.75
Current Deferred Revenue	-0.32	-0.45	-0.16	-0.32	-0.08	-0.24	-0.24	-0.1	-0.49	-0.23	0.15	-0.49	-0.14	-0.25	-0.43	0.01	-0.18	-0.04	-0.39	-0.39	-0.3	0.04	-0.3	0.43		-0.26
Short Term Investments	-0.48	-0.28	-0.7	-0.53	-0.63	-0.46	-0.05	-0.57	-0.35	-0.47	0.19	-0.35	-0.64	0.89	-0.32	-0.75	-0.65	-0.79	-0.4	-0.47	-0.34	0.76	-0.56	-0.75	-0.26

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Ross Stores Account Relationship Matchups

Ross Stores fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.3B	12.7B	13.6B	13.4B	14.3B	15.0B
Short Long Term Debt Total	3.5B	5.7B	5.6B	5.7B	5.7B	6.0B
Other Current Liab	841.0M	992.4M	1.2B	918.3M	1.2B	1.3B
Total Current Liabilities	2.7B	4.0B	4.2B	3.6B	4.2B	4.4B
Total Stockholder Equity	3.4B	3.3B	4.1B	4.3B	4.9B	5.1B
Property Plant And Equipment Net	5.7B	5.8B	5.9B	6.3B	6.7B	7.0B
Net Debt	2.1B	913.5M	699.8M	1.2B	860.8M	903.8M
Retained Earnings	2.3B	2.2B	2.9B	3.0B	3.5B	3.7B
Cash	1.4B	4.8B	4.9B	4.6B	4.9B	5.1B
Non Current Assets Total	5.9B	6.0B	6.2B	6.5B	6.9B	7.2B
Non Currrent Assets Other	(149.5B)	(121.6B)	(137.4B)	(216.8B)	243.2M	255.4M
Cash And Short Term Investments	1.4B	4.8B	4.9B	4.6B	4.9B	5.1B
Net Receivables	102.2M	115.1M	119.2M	145.7M	142.9M	150.0M
Common Stock Shares Outstanding	361.2M	354.6M	353.7M	345.2M	337.4M	477.1M
Liabilities And Stockholders Equity	9.3B	12.7B	13.6B	13.4B	14.3B	15.0B
Non Current Liabilities Total	3.3B	5.5B	5.4B	5.5B	5.2B	5.5B
Inventory	1.8B	1.5B	2.3B	2.0B	2.2B	2.3B
Other Current Assets	147.0M	249.1M	169.3M	183.7M	190.6M	200.1M
Other Stockholder Equity	1.0B	1.1B	1.2B	1.2B	1.3B	1.4B
Total Liab	6.0B	9.4B	9.6B	9.1B	9.4B	9.9B
Total Current Assets	3.4B	6.7B	7.5B	6.9B	7.4B	7.8B
Accounts Payable	1.3B	2.3B	2.4B	2.0B	2.0B	2.1B
Common Stock	3.6M	3.6M	3.5M	3.4M	3.4M	2.2M
Current Deferred Revenue	85.8B	124.3B	149.7B	571.8M	657.6M	624.7M
Other Liab	363.8M	390.4M	373.7M	441.2M	507.3M	443.3M
Net Tangible Assets	3.4B	3.3B	4.1B	6.9B	7.9B	4.6B
Other Assets	208.3M	230.1M	241.3M	232.1M	266.9M	243.4M
Long Term Debt	312.9M	2.4B	2.5B	2.5B	2.2B	1.9B
Net Invested Capital	3.7B	5.8B	6.5B	2.5B	7.3B	5.4B
Capital Stock	3.6M	3.6M	3.5M	3.4M	3.4M	2.8M
Non Current Liabilities Other	6.7M	7.2M	6.8M	224.1M	10.8M	10.2M
Net Working Capital	730.9M	2.7B	3.3B	3.3B	3.2B	2.7B
Property Plant Equipment	5.7B	5.8B	5.9B	3.2B	3.7B	5.1B

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