Blue Free Cash Flow vs Change In Working Capital Analysis

BLUEJET Stock

519.40 3.65 0.70%

Blue Jet financial indicator trend analysis is way more than just evaluating Blue Jet Healthcare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Jet Healthcare is a good investment. Please check the relationship between Blue Jet Free Cash Flow and its Change In Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Jet Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Free Cash Flow vs Change In Working Capital

Free Cash Flow vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blue Jet Healthcare Free Cash Flow account and Change In Working Capital. At this time, the significance of the direction appears to have pay attention.

The correlation between Blue Jet's Free Cash Flow and Change In Working Capital is -0.87. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Blue Jet Healthcare, assuming nothing else is changed. The correlation between historical values of Blue Jet's Free Cash Flow and Change In Working 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 Free Cash Flow of Blue Jet Healthcare are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Free Cash Flow i.e., Blue Jet's Free Cash Flow and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

-0.87

Relationship Direction	Negative
Relationship Strength	Significant

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Most indicators from Blue Jet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Jet Healthcare 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 Blue Jet Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Tax Provision is likely to drop to about 612.7 M in 2024. Selling General Administrative is likely to drop to about 64.9 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	6.8B	7.2B	7.1B	6.9B
Depreciation And Amortization	221.5M	250.7M	280.9M	248.4M

Total Revenue Depreciation And Amortization

Blue Jet 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		-0.97	0.12	0.98	1.0	0.96	-0.92	1.0	-0.61	0.78	0.92	0.35	1.0	0.85	0.03	0.99	-0.97	0.93	0.86	-0.93	0.85	0.99	-0.96	0.81	0.97	0.68
Short Long Term Debt Total	-0.97		0.04	-0.97	-0.97	-0.88	0.97	-0.97	0.5	-0.86	-0.82	-0.3	-0.97	-0.93	0.02	-0.94	0.99	-0.94	-0.74	0.97	-0.85	-0.99	0.99	-0.8	-0.97	-0.66
Other Current Liab	0.12	0.04		0.04	0.12	0.33	0.27	0.12	-0.8	-0.52	0.44	0.79	0.07	-0.33	0.58	0.19	-0.03	-0.13	0.52	0.02	0.07	0.0	0.13	0.43	-0.06	0.54
Total Current Liabilities	0.98	-0.97	0.04		0.97	0.95	-0.93	0.97	-0.59	0.83	0.9	0.37	0.97	0.82	-0.11	0.95	-0.95	0.95	0.85	-0.91	0.94	0.97	-0.96	0.85	0.95	0.74
Total Stockholder Equity	1.0	-0.97	0.12	0.97		0.96	-0.92	1.0	-0.6	0.78	0.92	0.33	1.0	0.85	0.05	1.0	-0.97	0.93	0.86	-0.94	0.83	0.99	-0.95	0.8	0.97	0.66
Property Plant And Equipment Net	0.96	-0.88	0.33	0.95	0.96		-0.79	0.96	-0.77	0.62	0.99	0.51	0.94	0.67	0.07	0.97	-0.88	0.85	0.97	-0.83	0.88	0.91	-0.85	0.87	0.88	0.79
Net Debt	-0.92	0.97	0.27	-0.93	-0.92	-0.79		-0.92	0.29	-0.96	-0.71	-0.06	-0.93	-0.96	0.19	-0.88	0.94	-0.96	-0.62	0.93	-0.81	-0.96	0.99	-0.65	-0.96	-0.48
Retained Earnings	1.0	-0.97	0.12	0.97	1.0	0.96	-0.92		-0.6	0.78	0.92	0.34	1.0	0.85	0.05	1.0	-0.96	0.93	0.86	-0.93	0.84	0.99	-0.95	0.8	0.97	0.67
Accounts Payable	-0.61	0.5	-0.8	-0.59	-0.6	-0.77	0.29	-0.6		-0.04	-0.83	-0.92	-0.56	-0.18	-0.42	-0.64	0.53	-0.38	-0.87	0.5	-0.63	-0.5	0.43	-0.87	-0.46	-0.91
Cash	0.78	-0.86	-0.52	0.83	0.78	0.62	-0.96	0.78	-0.04		0.52	-0.15	0.8	0.92	-0.39	0.73	-0.82	0.9	0.41	-0.81	0.73	0.85	-0.91	0.47	0.86	0.31
Non Current Assets Total	0.92	-0.82	0.44	0.9	0.92	0.99	-0.71	0.92	-0.83	0.52		0.59	0.9	0.58	0.14	0.94	-0.82	0.78	0.99	-0.78	0.85	0.86	-0.79	0.88	0.83	0.82
Non Currrent Assets Other	0.35	-0.3	0.79	0.37	0.33	0.51	-0.06	0.34	-0.92	-0.15	0.59		0.29	-0.01	0.44	0.36	-0.34	0.14	0.63	-0.31	0.48	0.25	-0.22	0.8	0.2	0.88
Cash And Short Term Investments	1.0	-0.97	0.07	0.97	1.0	0.94	-0.93	1.0	-0.56	0.8	0.9	0.29		0.87	0.02	0.99	-0.97	0.94	0.84	-0.94	0.83	1.0	-0.96	0.78	0.98	0.64
Net Receivables	0.85	-0.93	-0.33	0.82	0.85	0.67	-0.96	0.85	-0.18	0.92	0.58	-0.01	0.87		-0.03	0.81	-0.92	0.86	0.47	-0.94	0.64	0.91	-0.94	0.55	0.93	0.35
Common Stock Shares Outstanding	0.03	0.02	0.58	-0.11	0.05	0.07	0.19	0.05	-0.42	-0.39	0.14	0.44	0.02	-0.03		0.08	-0.06	-0.31	0.15	-0.17	-0.26	-0.01	0.08	0.16	0.05	0.11
Short Term Investments	0.99	-0.94	0.19	0.95	1.0	0.97	-0.88	1.0	-0.64	0.73	0.94	0.36	0.99	0.81	0.08		-0.95	0.91	0.89	-0.91	0.82	0.98	-0.92	0.8	0.95	0.67
Non Current Liabilities Total	-0.97	0.99	-0.03	-0.95	-0.97	-0.88	0.94	-0.96	0.53	-0.82	-0.82	-0.34	-0.97	-0.92	-0.06	-0.95		-0.92	-0.75	0.98	-0.81	-0.98	0.98	-0.81	-0.96	-0.66
Inventory	0.93	-0.94	-0.13	0.95	0.93	0.85	-0.96	0.93	-0.38	0.9	0.78	0.14	0.94	0.86	-0.31	0.91	-0.92		0.71	-0.85	0.87	0.95	-0.95	0.7	0.91	0.58
Other Current Assets	0.86	-0.74	0.52	0.85	0.86	0.97	-0.62	0.86	-0.87	0.41	0.99	0.63	0.84	0.47	0.15	0.89	-0.75	0.71		-0.69	0.81	0.79	-0.7	0.86	0.75	0.83
Other Stockholder Equity	-0.93	0.97	0.02	-0.91	-0.94	-0.83	0.93	-0.93	0.5	-0.81	-0.78	-0.31	-0.94	-0.94	-0.17	-0.91	0.98	-0.85	-0.69		-0.76	-0.96	0.97	-0.77	-0.97	-0.6
Total Liab	0.85	-0.85	0.07	0.94	0.83	0.88	-0.81	0.84	-0.63	0.73	0.85	0.48	0.83	0.64	-0.26	0.82	-0.81	0.87	0.81	-0.76		0.82	-0.85	0.88	0.79	0.83
Total Current Assets	0.99	-0.99	0.0	0.97	0.99	0.91	-0.96	0.99	-0.5	0.85	0.86	0.25	1.0	0.91	-0.01	0.98	-0.98	0.95	0.79	-0.96	0.82		-0.98	0.76	0.99	0.61
Short Term Debt	-0.96	0.99	0.13	-0.96	-0.95	-0.85	0.99	-0.95	0.43	-0.91	-0.79	-0.22	-0.96	-0.94	0.08	-0.92	0.98	-0.95	-0.7	0.97	-0.85	-0.98		-0.76	-0.98	-0.6
Intangible Assets	0.81	-0.8	0.43	0.85	0.8	0.87	-0.65	0.8	-0.87	0.47	0.88	0.8	0.78	0.55	0.16	0.8	-0.81	0.7	0.86	-0.77	0.88	0.76	-0.76		0.72	0.97
Common Stock	0.97	-0.97	-0.06	0.95	0.97	0.88	-0.96	0.97	-0.46	0.86	0.83	0.2	0.98	0.93	0.05	0.95	-0.96	0.91	0.75	-0.97	0.79	0.99	-0.98	0.72		0.55
Current Deferred Revenue	0.68	-0.66	0.54	0.74	0.66	0.79	-0.48	0.67	-0.91	0.31	0.82	0.88	0.64	0.35	0.11	0.67	-0.66	0.58	0.83	-0.6	0.83	0.61	-0.6	0.97	0.55

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Blue Free Cash Flow vs Change In Working Capital Analysis

Free Cash Flow vs Change In Working Capital

Free Cash Flow vs Change In Working Capital Correlation Analysis

Correlation Coefficient

Free Cash Flow

Change In Working Capital

Blue Jet fundamental ratios Correlations

Blue Jet Account Relationship Matchups

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Total Stockholder Equity
Short Term Investments	+ 1.0	Total Stockholder Equity

Total Current Assets	- 0.99	Short Long Term Debt Total
Common Stock	- 0.98	Short Term Debt
Short Term Debt	- 0.98	Total Current Assets
Total Current Assets	- 0.98	Non Current Liabilities Total
Common Stock	- 0.97	Other Stockholder Equity
Non Current Liabilities Total	- 0.97	Cash And Short Term Investments