Jash Inventory vs Accounts Payable Analysis

JASH Stock   597.95  5.75  0.95%   
Jash Engineering financial indicator trend analysis is infinitely more than just investigating Jash Engineering recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jash Engineering is a good investment. Please check the relationship between Jash Engineering Inventory and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jash Engineering Limited. 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.

Inventory vs Accounts Payable

Inventory vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jash Engineering Inventory account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jash Engineering's Inventory and Accounts Payable is 0.74. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Jash Engineering Limited, assuming nothing else is changed. The correlation between historical values of Jash Engineering's Inventory and Accounts Payable 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 Jash Engineering Limited are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Inventory i.e., Jash Engineering's Inventory and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Inventory

Accounts Payable

An accounting item on the balance sheet that represents Jash Engineering obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Jash Engineering are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Jash Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jash Engineering 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jash Engineering Limited. 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.
Selling General Administrative is likely to gain to about 992.4 M in 2024. Tax Provision is likely to gain to about 172.8 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense86.1M99.3M110.3M72.4M
Depreciation And Amortization96.9M106.5M107.7M72.6M

Jash Engineering fundamental ratios Correlations

0.740.590.850.990.870.670.670.990.80.810.870.890.870.830.640.460.890.460.990.570.780.851.00.710.29
0.740.570.90.660.860.280.980.660.90.280.890.560.370.910.840.170.40.660.670.620.660.920.720.960.51
0.590.570.670.570.68-0.030.540.640.590.220.660.70.30.740.540.330.330.390.550.70.520.670.590.560.15
0.850.90.670.810.970.450.830.820.940.490.980.750.580.980.750.310.610.470.810.640.871.00.840.90.33
0.990.660.570.810.830.70.580.990.740.850.830.90.920.780.570.480.930.41.00.540.780.81.00.630.23
0.870.860.680.970.830.420.80.840.880.510.970.770.610.970.650.380.650.470.830.650.880.970.860.860.22
0.670.28-0.030.450.70.420.190.670.390.820.440.620.840.360.230.350.83-0.060.72-0.130.510.420.680.310.04
0.670.980.540.830.580.80.190.580.850.160.820.50.260.860.790.170.30.640.590.620.60.860.640.960.46
0.990.660.640.820.990.840.670.580.740.830.840.930.890.80.590.470.90.410.990.560.760.820.990.630.25
0.80.90.590.940.740.880.390.850.740.40.940.690.490.920.780.130.510.520.740.70.80.950.780.880.41
0.810.280.220.490.850.510.820.160.830.40.540.70.980.410.350.360.960.230.850.210.540.490.820.210.19
0.870.890.660.980.830.970.440.820.840.940.540.740.610.960.790.220.640.590.820.680.860.990.860.850.37
0.890.560.70.750.90.770.620.50.930.690.70.740.770.770.440.50.790.230.880.520.70.730.90.590.11
0.870.370.30.580.920.610.840.260.890.490.980.610.770.510.340.451.00.20.920.260.660.570.880.340.1
0.830.910.740.980.780.970.360.860.80.920.410.960.770.510.750.350.540.470.770.640.810.980.820.910.33
0.640.840.540.750.570.650.230.790.590.780.350.790.440.340.75-0.020.340.770.580.570.460.790.620.720.7
0.460.170.330.310.480.380.350.170.470.130.360.220.50.450.35-0.020.48-0.280.490.150.330.270.480.32-0.26
0.890.40.330.610.930.650.830.30.90.510.960.640.791.00.540.340.480.190.930.280.70.60.90.380.07
0.460.660.390.470.40.47-0.060.640.410.520.230.590.230.20.470.77-0.280.190.390.670.280.550.430.450.63
0.990.670.550.811.00.830.720.590.990.740.850.820.880.920.770.580.490.930.390.520.780.810.990.650.24
0.570.620.70.640.540.65-0.130.620.560.70.210.680.520.260.640.570.150.280.670.520.570.670.560.540.3
0.780.660.520.870.780.880.510.60.760.80.540.860.70.660.810.460.330.70.280.780.570.850.780.690.08
0.850.920.671.00.80.970.420.860.820.950.490.990.730.570.980.790.270.60.550.810.670.850.840.90.38
1.00.720.590.841.00.860.680.640.990.780.820.860.90.880.820.620.480.90.430.990.560.780.840.70.27
0.710.960.560.90.630.860.310.960.630.880.210.850.590.340.910.720.320.380.450.650.540.690.90.70.32
0.290.510.150.330.230.220.040.460.250.410.190.370.110.10.330.7-0.260.070.630.240.30.080.380.270.32
Click cells to compare fundamentals

Jash Engineering Account Relationship Matchups

Jash Engineering fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.8B3.2B3.7B4.5B6.0B6.3B
Short Long Term Debt Total837.0M719.8M819.8M818.8M800.8M670.1M
Other Current Liab27.6M364.9M356.4M620.4M241.1M185.2M
Total Current Liabilities1.4B1.3B1.6B1.9B2.3B1.3B
Total Stockholder Equity1.3B1.6B1.9B2.4B3.5B3.7B
Property Plant And Equipment Net777.5M784.4M821.5M896.3M1.0B751.6M
Current Deferred Revenue264.5M(476.7M)99.7M147.7M749.0M786.4M
Net Debt806.1M681.2M782.2M730.0M646.5M600.2M
Retained Earnings567.8M858.4M1.1B1.6B2.1B2.2B
Accounts Payable402.0M454.2M590.5M587.9M695.6M467.9M
Cash30.9M38.6M37.6M88.7M310.4M325.9M
Non Current Assets Total1.1B1.1B1.2B1.3B1.6B1.1B
Non Currrent Assets Other53K39.0M276.3M289.4M301.8M316.9M
Cash And Short Term Investments79.0M54.2M37.7M339.9M1.0B1.1B
Net Receivables1.1B981.3M1.3B1.6B1.6B916.6M
Good Will204.4M210.2M207.5M217.0M218.2M189.0M
Short Term Investments48.1M15.6M90K251.1M697.4M732.2M
Liabilities And Stockholders Equity2.8B3.2B3.7B4.5B6.0B6.3B
Non Current Liabilities Total230.1M304.4M225.8M181.0M215.0M215.4M
Inventory611.0M714.1M764.4M1.1B1.6B1.7B
Other Current Assets4.7M331.8M245.7M167.9M208.1M130.8M
Total Liab1.6B1.6B1.8B2.1B2.5B1.5B
Total Current Assets1.8B2.0B2.5B3.2B4.4B4.6B
Accumulated Other Comprehensive Income117.1M135.1M155.3M227.3M318.2M334.1M
Short Term Debt667.9M476.8M651.5M682.0M616.8M490.7M
Intangible Assets90.0M99.4M95.8M83.3M66.8M89.6M
Other Liab46.4M61.0M61.3M57.5M66.2M61.3M
Net Tangible Assets806.9M960.4M1.3B1.6B1.8B1.0B
Other Assets22.2M28.5M68.7M115.6M133.0M139.6M
Long Term Debt93.9M243.1M117.0M87.5M120.6M110.5M
Long Term Debt Total169.1M243.1M168.3M136.8M157.3M185.9M
Short Long Term Debt662.4M466.5M639.1M667.7M599.2M544.0M
Property Plant Equipment777.5M784.4M821.5M896.3M1.0B775.4M
Non Current Liabilities Other1.2M1K11.7M10.7M9.5M5.5M
Net Invested Capital2.0B2.2B2.6B3.1B4.2B2.8B
Net Working Capital393.2M745.3M899.0M1.2B2.1B2.2B

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