Cummins Total Assets vs Good Will Analysis
CMI Stock | USD 375.27 2.65 0.71% |
Cummins financial indicator trend analysis is way more than just evaluating Cummins prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cummins is a good investment. Please check the relationship between Cummins Total Assets and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cummins. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.
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 Cummins Total Assets account and Good Will. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Cummins' Total Assets and Good Will is 0.93. 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 Cummins, assuming nothing else is changed. The correlation between historical values of Cummins' 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 Cummins 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., Cummins' Total Assets and Good Will go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Cummins 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 Cummins 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 Cummins' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cummins 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 Cummins. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.As of now, Cummins' Enterprise Value Multiple is increasing as compared to previous years. The Cummins' current Enterprise Value is estimated to increase to about 31.3 B, while Tax Provision is projected to decrease to under 536.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.7B | 6.7B | 8.2B | 8.7B | Total Revenue | 24.0B | 28.1B | 34.1B | 35.8B |
Cummins fundamental ratios Correlations
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Cummins Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cummins fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 19.7B | 22.6B | 23.7B | 30.3B | 32.0B | 33.6B | |
Short Long Term Debt Total | 2.4B | 4.2B | 4.2B | 7.9B | 7.2B | 7.6B | |
Other Current Liab | 2.4B | 1.8B | 2.2B | 2.3B | 4.9B | 5.1B | |
Total Current Liabilities | 6.3B | 6.3B | 7.1B | 11.4B | 12.9B | 13.5B | |
Total Stockholder Equity | 7.5B | 8.1B | 8.5B | 9.0B | 8.9B | 9.3B | |
Property Plant And Equipment Net | 4.2B | 4.3B | 4.4B | 5.5B | 6.8B | 7.1B | |
Net Debt | 1.2B | 763M | 1.6B | 5.8B | 5.0B | 5.3B | |
Retained Earnings | 14.4B | 15.4B | 16.7B | 18.0B | 17.9B | 18.7B | |
Cash | 1.1B | 3.4B | 2.6B | 2.1B | 2.2B | 2.3B | |
Non Current Assets Total | 10.4B | 10.7B | 11.4B | 15.8B | 16.8B | 17.6B | |
Non Currrent Assets Other | 1.6B | 2.3B | 2.8B | 2.9B | 2.2B | 2.3B | |
Cash And Short Term Investments | 1.5B | 3.9B | 3.2B | 2.6B | 2.7B | 2.9B | |
Net Receivables | 3.7B | 3.8B | 4.0B | 5.2B | 5.6B | 5.9B | |
Common Stock Shares Outstanding | 156.1M | 149M | 145.9M | 142.3M | 142.7M | 170.0M | |
Liabilities And Stockholders Equity | 19.7B | 22.6B | 23.7B | 30.3B | 32.0B | 33.6B | |
Non Current Liabilities Total | 5.0B | 7.3B | 7.2B | 8.7B | 9.2B | 9.7B | |
Inventory | 3.5B | 3.4B | 4.4B | 5.6B | 5.7B | 6.0B | |
Other Current Assets | 761M | 790M | 777M | 1.1B | 1.2B | 1.3B | |
Other Stockholder Equity | (7.2B) | (7.8B) | (9.1B) | (9.4B) | (7.4B) | (7.0B) | |
Total Liab | 11.3B | 13.6B | 14.3B | 20.1B | 22.1B | 23.2B | |
Property Plant And Equipment Gross | 4.2B | 4.7B | 9.8B | 11.0B | 12.2B | 12.8B | |
Total Current Assets | 9.4B | 11.9B | 12.3B | 14.5B | 15.2B | 16.0B | |
Accumulated Other Comprehensive Income | (2.0B) | (2.0B) | (1.6B) | (1.9B) | (2.2B) | (2.1B) | |
Short Term Debt | 791M | 682M | 708M | 3.5B | 2.0B | 2.1B | |
Accounts Payable | 2.5B | 2.8B | 3.0B | 4.3B | 4.3B | 4.5B | |
Common Stock | 2.3B | 2.4B | 2.4B | 2.2B | 556M | 1.1B | |
Intangible Assets | 1.0B | 963M | 900M | 2.7B | 2.5B | 2.6B | |
Current Deferred Revenue | 533M | 691M | 855M | 1.0B | 1.2B | 1.3B | |
Common Stock Total Equity | 2.3B | 2.4B | 2.4B | 2.2B | 2.6B | 1.3B | |
Good Will | 1.3B | 1.3B | 1.3B | 2.3B | 2.5B | 2.6B | |
Other Liab | 3.1B | 3.3B | 3.6B | 3.6B | 4.2B | 2.1B | |
Other Assets | 2.1B | 2.3B | 3.3B | 3.0B | 3.5B | 3.7B | |
Treasury Stock | (7.2B) | (7.8B) | (9.1B) | (9.4B) | (8.5B) | (8.0B) | |
Property Plant Equipment | 4.2B | 4.3B | 4.4B | 5.5B | 6.3B | 6.7B | |
Short Term Investments | 341M | 461M | 595M | 472M | 562M | 590.1M | |
Net Tangible Assets | 5.2B | 5.8B | 6.3B | 4.2B | 4.8B | 6.0B | |
Noncontrolling Interest In Consolidated Entity | 911M | 958M | 927M | 992M | 1.1B | 648.2M | |
Retained Earnings Total Equity | 14.4B | 15.4B | 16.7B | 18.0B | 20.7B | 11.8B |
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When determining whether Cummins offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cummins' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cummins Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cummins Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cummins. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Construction Machinery & Heavy Transportation Equipment space 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 Cummins. If investors know Cummins 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 Cummins 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 0.277 | Dividend Share 6.86 | Earnings Share 15.28 | Revenue Per Share 245.499 | Quarterly Revenue Growth 0.003 |
The market value of Cummins is measured differently than its book value, which is the value of Cummins that is recorded on the company's balance sheet. Investors also form their own opinion of Cummins' value that differs from its market value or its book value, called intrinsic value, which is Cummins' 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 Cummins' market value can be influenced by many factors that don't directly affect Cummins' 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 Cummins' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cummins is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cummins' 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.