Jadard Inventory vs Net Invested Capital Analysis
688252 Stock | 22.97 0.21 0.92% |
Jadard Technology financial indicator trend analysis is infinitely more than just investigating Jadard Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jadard Technology is a good investment. Please check the relationship between Jadard Technology Inventory and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jadard Technology A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Inventory vs Net Invested Capital
Inventory vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jadard Technology Inventory account and Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Jadard Technology's Inventory and Net Invested Capital is 0.91. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Jadard Technology A, assuming nothing else is changed. The correlation between historical values of Jadard Technology's Inventory and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Jadard Technology A are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Inventory i.e., Jadard Technology's Inventory and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Inventory
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from Jadard Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jadard Technology 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 Jadard Technology A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. The current year's Selling General Administrative is expected to grow to about 33.9 M, whereas Tax Provision is forecasted to decline to about 2.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 9.0M | 13.4M | 48.7M | 51.1M | Tax Provision | 58.2M | 570.5K | 3.0M | 2.8M |
Jadard Technology fundamental ratios Correlations
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Jadard Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Jadard Stock
Balance Sheet is a snapshot of the financial position of Jadard Technology at a specified time, usually calculated after every quarter, six months, or one year. Jadard Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jadard Technology and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Jadard currently owns. An asset can also be divided into two categories, current and non-current.