Dicks Tax Liabilities vs Accounts Payable Analysis

DKS
 Stock
  

USD 107.24  2.13  2.03%   

Dicks Sporting financial indicator trend analysis is much more than just examining Dicks Sporting Goods latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dicks Sporting Goods is a good investment. Please check the relationship between Dicks Sporting Tax Liabilities and its Accounts Payable accounts. Continue to Investing Opportunities.

Tax Liabilities vs Accounts Payable

Tax Liabilities vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dicks Sporting Goods Tax Liabilities account and Accounts Payable. At this time, the significance of the direction appears to have pay attention.
The correlation between Dicks Sporting's Tax Liabilities and Accounts Payable is -0.96. Overlapping area represents the amount of variation of Tax Liabilities that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Dicks Sporting Goods, assuming nothing else is changed. The correlation between historical values of Dicks Sporting's Tax Liabilities and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Liabilities of Dicks Sporting Goods are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Tax Liabilities i.e., Dicks Sporting's Tax Liabilities and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.96
Relationship DirectionNegative 
Relationship StrengthSignificant

Tax Liabilities

A component of Total Liabilities representing outstanding tax liabilities.

Accounts Payable

An accounting item on the balance sheet that represents Dicks Sporting obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Dicks Sporting Goods are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms.
Most indicators from Dicks Sporting fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dicks Sporting Goods 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. Continue to Investing Opportunities.Dicks Sporting Net Cash Flow Investment Acquisitions and Disposals is relatively stable at the moment as compared to the past year. Dicks Sporting reported last year Net Cash Flow Investment Acquisitions and Disposals of 31.74 Million. As of 08/15/2022, Enterprise Value over EBIT is likely to grow to 8.95, while Net Cash Flow Business Acquisitions and Disposals is likely to drop (140.2 M).
 2010 2014 2020 2022 (projected)
Consolidated Income337.6 M297.46 M1.52 B981.09 M
Direct Expenses4.27 B6.2 B7.58 B6.48 B

Dicks Sporting fundamental ratios Correlations

-0.160.950.940.630.980.330.971.00.97-0.870.440.961.0-0.2-0.20.960.950.960.950.98-0.16-0.85-1.0
-0.160.120.120.57-0.330.76-0.01-0.20.010.630.79-0.19-0.16-0.76-0.760.070.090.050.12-0.361.00.50.16
0.950.121.00.850.880.610.990.950.99-0.690.690.860.95-0.39-0.391.01.01.01.00.860.12-0.64-0.96
0.940.121.00.850.870.630.990.940.99-0.690.70.850.94-0.38-0.381.01.01.01.00.850.12-0.63-0.95
0.630.570.850.850.490.940.780.630.8-0.220.950.480.63-0.61-0.610.820.830.820.850.460.57-0.15-0.65
0.98-0.330.880.870.490.160.930.980.92-0.940.280.960.98-0.06-0.060.90.890.90.881.0-0.33-0.92-0.98
0.330.760.610.630.940.160.520.330.540.110.960.160.33-0.66-0.660.580.590.580.610.130.760.2-0.36
0.97-0.010.990.990.780.930.520.981.0-0.780.60.890.97-0.29-0.291.00.991.00.990.91-0.01-0.71-0.98
1.0-0.20.950.940.630.980.330.980.97-0.890.430.941.0-0.16-0.160.960.950.960.950.98-0.2-0.84-1.0
0.970.010.990.990.80.920.541.00.97-0.760.620.880.97-0.31-0.311.01.01.00.990.90.01-0.69-0.98
-0.870.63-0.69-0.69-0.22-0.940.11-0.78-0.89-0.760.04-0.84-0.87-0.23-0.23-0.73-0.71-0.73-0.69-0.950.630.910.87
0.440.790.690.70.950.280.960.60.430.620.040.340.44-0.76-0.760.660.670.650.690.250.790.02-0.46
0.96-0.190.860.850.480.960.160.890.940.88-0.840.340.96-0.21-0.210.860.870.860.860.96-0.19-0.93-0.95
1.0-0.160.950.940.630.980.330.971.00.97-0.870.440.96-0.2-0.20.960.950.960.950.98-0.16-0.85-1.0
-0.2-0.76-0.39-0.38-0.61-0.06-0.66-0.29-0.16-0.31-0.23-0.76-0.21-0.21.0-0.34-0.37-0.33-0.39-0.04-0.76-0.070.2
-0.2-0.76-0.39-0.38-0.61-0.06-0.66-0.29-0.16-0.31-0.23-0.76-0.21-0.21.0-0.34-0.37-0.33-0.39-0.04-0.76-0.070.2
0.960.071.01.00.820.90.581.00.961.0-0.730.660.860.96-0.34-0.341.01.01.00.880.07-0.66-0.97
0.950.091.01.00.830.890.590.990.951.0-0.710.670.870.95-0.37-0.371.01.01.00.870.09-0.66-0.96
0.960.051.01.00.820.90.581.00.961.0-0.730.650.860.96-0.33-0.331.01.01.00.880.05-0.67-0.97
0.950.121.01.00.850.880.610.990.950.99-0.690.690.860.95-0.39-0.391.01.01.00.860.12-0.64-0.96
0.98-0.360.860.850.461.00.130.910.980.9-0.950.250.960.98-0.04-0.040.880.870.880.86-0.36-0.93-0.97
-0.161.00.120.120.57-0.330.76-0.01-0.20.010.630.79-0.19-0.16-0.76-0.760.070.090.050.12-0.360.50.16
-0.850.5-0.64-0.63-0.15-0.920.2-0.71-0.84-0.690.910.02-0.93-0.85-0.07-0.07-0.66-0.66-0.67-0.64-0.930.50.83
-1.00.16-0.96-0.95-0.65-0.98-0.36-0.98-1.0-0.980.87-0.46-0.95-1.00.20.2-0.97-0.96-0.97-0.96-0.970.160.83
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Dicks Sporting Account Relationship Matchups

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Pair Trading with Dicks Sporting

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

Moving together with Dicks Sporting

0.71AAPAdvance Auto Parts Earnings Call  Next WeekPairCorr
The ability to find closely correlated positions to Dicks Sporting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dicks Sporting 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 Dicks Sporting - 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 Dicks Sporting Goods to buy it.
The correlation of Dicks Sporting is a statistical measure of how it moves in relation to other equities. 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 Dicks Sporting moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dicks Sporting Goods 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 Dicks Sporting 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
Continue to Investing Opportunities. Note that the Dicks Sporting Goods information on this page should be used as a complementary analysis to other Dicks Sporting's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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Is Dicks Sporting's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dicks Sporting. If investors know Dicks will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dicks Sporting listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.27
Market Capitalization
8.6 B
Quarterly Revenue Growth YOY
-0.075
Return On Assets
0.14
Return On Equity
0.59
The market value of Dicks Sporting Goods is measured differently than its book value, which is the value of Dicks that is recorded on the company's balance sheet. Investors also form their own opinion of Dicks Sporting's value that differs from its market value or its book value, called intrinsic value, which is Dicks Sporting's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dicks Sporting's market value can be influenced by many factors that don't directly affect Dicks Sporting's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dicks Sporting's value and its price as these two are different measures arrived at by different means. Investors typically determine Dicks Sporting value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dicks Sporting'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.