Comprehensive Net Working Capital vs Net Tangible Assets Analysis

CHS Stock

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Comprehensive Healthcare financial indicator trend analysis is way more than just evaluating Comprehensive Healthcare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Comprehensive Healthcare is a good investment. Please check the relationship between Comprehensive Healthcare Net Working Capital and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comprehensive Healthcare Systems. 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.

Net Working Capital vs Net Tangible Assets

Net Working Capital vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Comprehensive Healthcare Net Working Capital account and Net Tangible Assets. At this time, the significance of the direction appears to have pay attention.

The correlation between Comprehensive Healthcare's Net Working Capital and Net Tangible Assets is -0.77. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Comprehensive Healthcare Systems, assuming nothing else is changed. The correlation between historical values of Comprehensive Healthcare's Net Working Capital and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Comprehensive Healthcare Systems are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Working Capital i.e., Comprehensive Healthcare's Net Working Capital and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.77

Relationship Direction	Negative
Relationship Strength	Weak

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Net Working Capital

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Comprehensive Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Comprehensive 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 Comprehensive Healthcare Systems. 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.

At this time, Comprehensive Healthcare's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 1.15 in 2024, whereas Enterprise Value Over EBITDA is likely to drop (1.68) in 2024.

	2010	2022	2023	2024 (projected)
Research Development	388.5K	493.8K	567.9K	485.3K
Gross Profit	1.4M	1.4M	1.6M	1.5M

Research Development Gross Profit

Comprehensive Healthcare fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Other Current Liab	Net Tangible Assets	Net Receivables	Other Stockholder Equity	Common Stock	Property Plant Equipment	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross	Short Long Term Debt	Net Debt
Total Assets		0.66	-0.44	-0.84	0.68	0.85	0.78	0.79	-0.09	0.84	0.85	-0.44	-0.9	0.9	0.4	0.87	0.93	-0.85	0.55	0.55	0.55	-0.53	-0.33
Total Current Liabilities	0.66		-0.6	-0.89	0.8	0.36	0.71	0.71	-0.41	0.74	0.72	-0.61	-0.71	0.71	0.63	0.71	0.74	-0.71	0.69	0.69	0.69	-0.66	-0.39
Total Stockholder Equity	-0.44	-0.6		0.78	-0.91	0.09	-0.88	-0.88	0.93	-0.16	-0.82	1.0	0.77	-0.77	-0.91	-0.79	-0.72	0.81	-0.96	-0.96	-0.95	0.98	0.69
Retained Earnings	-0.84	-0.89	0.78		-0.95	-0.48	-0.94	-0.94	0.53	-0.74	-0.95	0.79	0.95	-0.95	-0.69	-0.94	-0.92	0.93	-0.82	-0.82	-0.82	0.83	0.58
Accounts Payable	0.68	0.8	-0.91	-0.95		0.24	0.97	0.97	-0.74	0.53	0.95	-0.92	-0.91	0.91	0.81	0.93	0.85	-0.95	0.91	0.91	0.91	-0.96	-0.77
Cash	0.85	0.36	0.09	-0.48	0.24		0.37	0.38	0.44	0.85	0.48	0.08	-0.57	0.57	-0.14	0.53	0.59	-0.48	0.02	0.02	0.02	-0.02	-0.02
Common Stock Shares Outstanding	0.78	0.71	-0.88	-0.94	0.97	0.37		1.0	-0.66	0.55	0.99	-0.88	-0.97	0.97	0.76	0.98	0.91	-0.99	0.88	0.88	0.88	-0.93	-0.75
Total Liab	0.79	0.71	-0.88	-0.94	0.97	0.38	1.0		-0.65	0.56	0.99	-0.88	-0.97	0.97	0.76	0.99	0.91	-0.99	0.88	0.88	0.88	-0.93	-0.74
Net Invested Capital	-0.09	-0.41	0.93	0.53	-0.74	0.44	-0.66	-0.65		0.16	-0.56	0.93	0.48	-0.48	-0.88	-0.52	-0.43	0.55	-0.85	-0.85	-0.85	0.87	0.61
Total Current Assets	0.84	0.74	-0.16	-0.74	0.53	0.85	0.55	0.56	0.16		0.63	-0.17	-0.68	0.68	0.09	0.66	0.66	-0.63	0.24	0.25	0.25	-0.28	-0.27
Capital Stock	0.85	0.72	-0.82	-0.95	0.95	0.48	0.99	0.99	-0.56	0.63		-0.82	-0.99	0.99	0.7	1.0	0.94	-1.0	0.83	0.83	0.84	-0.88	-0.71
Net Working Capital	-0.44	-0.61	1.0	0.79	-0.92	0.08	-0.88	-0.88	0.93	-0.17	-0.82		0.77	-0.77	-0.91	-0.79	-0.72	0.81	-0.96	-0.96	-0.96	0.98	0.69
Other Current Liab	-0.9	-0.71	0.77	0.95	-0.91	-0.57	-0.97	-0.97	0.48	-0.68	-0.99	0.77		-1.0	-0.65	-1.0	-0.96	0.99	-0.8	-0.8	-0.8	0.83	0.62
Net Tangible Assets	0.9	0.71	-0.77	-0.95	0.91	0.57	0.97	0.97	-0.48	0.68	0.99	-0.77	-1.0		0.65	1.0	0.96	-0.98	0.79	0.79	0.8	-0.83	-0.62
Net Receivables	0.4	0.63	-0.91	-0.69	0.81	-0.14	0.76	0.76	-0.88	0.09	0.7	-0.91	-0.65	0.65		0.67	0.71	-0.7	0.98	0.98	0.98	-0.9	-0.49
Other Stockholder Equity	0.87	0.71	-0.79	-0.94	0.93	0.53	0.98	0.99	-0.52	0.66	1.0	-0.79	-1.0	1.0	0.67		0.94	-1.0	0.81	0.81	0.81	-0.86	-0.69
Common Stock	0.93	0.74	-0.72	-0.92	0.85	0.59	0.91	0.91	-0.43	0.66	0.94	-0.72	-0.96	0.96	0.71	0.94		-0.93	0.82	0.82	0.81	-0.77	-0.44
Property Plant Equipment	-0.85	-0.71	0.81	0.93	-0.95	-0.48	-0.99	-0.99	0.55	-0.63	-1.0	0.81	0.99	-0.98	-0.7	-1.0	-0.93		-0.83	-0.83	-0.84	0.88	0.73
Property Plant And Equipment Net	0.55	0.69	-0.96	-0.82	0.91	0.02	0.88	0.88	-0.85	0.24	0.83	-0.96	-0.8	0.79	0.98	0.81	0.82	-0.83		1.0	1.0	-0.96	-0.58
Capital Lease Obligations	0.55	0.69	-0.96	-0.82	0.91	0.02	0.88	0.88	-0.85	0.25	0.83	-0.96	-0.8	0.79	0.98	0.81	0.82	-0.83	1.0		1.0	-0.96	-0.59
Property Plant And Equipment Gross	0.55	0.69	-0.95	-0.82	0.91	0.02	0.88	0.88	-0.85	0.25	0.84	-0.96	-0.8	0.8	0.98	0.81	0.81	-0.84	1.0	1.0		-0.96	-0.6
Short Long Term Debt	-0.53	-0.66	0.98	0.83	-0.96	-0.02	-0.93	-0.93	0.87	-0.28	-0.88	0.98	0.83	-0.83	-0.9	-0.86	-0.77	0.88	-0.96	-0.96	-0.96		0.78
Net Debt	-0.33	-0.39	0.69	0.58	-0.77	-0.02	-0.75	-0.74	0.61	-0.27	-0.71	0.69	0.62	-0.62	-0.49	-0.69	-0.44	0.73	-0.58	-0.59	-0.6	0.78

Click cells to compare fundamentals

Comprehensive Healthcare Account Relationship Matchups

Comprehensive Healthcare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	324.0K	352.9K	4.1M	2.1M	2.4M	1.5M
Total Current Liabilities	7.3K	5.9M	3.2M	4.8M	5.5M	3.1M
Total Stockholder Equity	316.7K	337.7K	602.6K	(3.1M)	(2.8M)	(2.7M)
Retained Earnings	(139.9K)	(9.0M)	(14.2M)	(19.3M)	(17.4M)	(16.5M)
Accounts Payable	7.3K	848.1K	1.1M	2.6M	3.0M	3.2M
Cash	324.0K	337.9K	3.4M	400.8K	460.9K	437.9K
Total Liab	7.3K	15.2K	3.5M	5.3M	6.0M	6.3M
Net Invested Capital	316.7K	337.7K	2.0M	(2.1M)	(1.9M)	(1.8M)
Total Current Assets	324.0K	2.3M	3.8M	1.1M	1.3M	1.7M
Capital Stock	388.9K	402.0K	13.3M	14.9M	17.1M	18.0M
Net Working Capital	316.7K	337.7K	658.7K	(3.7M)	(3.3M)	(3.1M)

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