TJX Total Assets vs Good Will Analysis
| 0LCE Stock | 125.98 1.43 1.12% |
TJX Cos financial indicator trend analysis is much more than just breaking down TJX Cos prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TJX Cos is a good investment. Please check the relationship between TJX Cos Total Assets and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in TJX Cos. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Total Assets vs Good Will
Total Assets vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TJX Cos Total Assets account and Good Will. At this time, the significance of the direction appears to have pay attention.
The correlation between TJX Cos' Total Assets and Good Will is -0.87. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Good Will in the same time period over historical financial statements of TJX Cos, assuming nothing else is changed. The correlation between historical values of TJX Cos' Total Assets and Good Will 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 Assets of TJX Cos are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Total Assets i.e., TJX Cos' Total Assets and Good Will go up and down completely randomly.
Correlation Coefficient | -0.87 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of TJX Cos assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in TJX Cos books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from TJX Cos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TJX Cos 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 TJX Cos. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. Tax Provision is likely to gain to about (1 M) in 2024. Selling General Administrative is likely to drop to about 9.9 B in 2024
| 2014 | 2020 | 2023 | 2024 (projected) | Total Revenue | 41.7B | 54.2B | 62.3B | 65.5B | Depreciation And Amortization | 867.3M | 964M | 1.1B | 1.2B |
TJX Cos fundamental ratios Correlations
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TJX Cos Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running TJX Cos' price analysis, check to measure TJX Cos' 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 TJX Cos is operating at the current time. Most of TJX Cos' value examination focuses on studying past and present price action to predict the probability of TJX Cos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TJX Cos' price. Additionally, you may evaluate how the addition of TJX Cos to your portfolios can decrease your overall portfolio volatility.