JBCHEPHARM | | | 1,750 2.80 0.16% |
JB Chemicals financial indicator trend analysis is infinitely more than just investigating JB Chemicals Pharmac recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JB Chemicals Pharmac is a good investment. Please check the relationship between JB Chemicals Non Current Assets Total and its Current Deferred Revenue accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JB Chemicals Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Non Current Assets Total vs Current Deferred Revenue
Non Current Assets Total vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
JB Chemicals Pharmac Non Current Assets Total account and
Current Deferred Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between JB Chemicals' Non Current Assets Total and Current Deferred Revenue is -0.35. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of JB Chemicals Pharmaceuticals, assuming nothing else is changed. The correlation between historical values of JB Chemicals' Non Current Assets Total and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of JB Chemicals Pharmaceuticals are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Non Current Assets Total i.e., JB Chemicals' Non Current Assets Total and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.35 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from JB Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JB Chemicals Pharmac 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 JB Chemicals Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
The JB Chemicals' current
Selling General Administrative is estimated to increase to about 600
M, while
Tax Provision is projected to decrease to under 1.1
B.
JB Chemicals fundamental ratios Correlations
Click cells to compare fundamentals
JB Chemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JB Chemicals fundamental ratios Accounts
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Other Information on Investing in JBCHEPHARM Stock
Balance Sheet is a snapshot of the
financial position of JB Chemicals Pharmac at a specified time, usually calculated after every quarter, six months, or one year. JB Chemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of JB Chemicals 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 JBCHEPHARM currently owns. An asset can also be divided into two categories, current and non-current.