Janus Total Current Assets vs Total Liab Analysis

JBI Stock  USD 7.19  0.08  1.13%   
Janus International financial indicator trend analysis is infinitely more than just investigating Janus International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Janus International is a good investment. Please check the relationship between Janus International Total Current Assets and its Total Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Janus International Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Total Current Assets vs Total Liab

Total Current Assets vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Janus International Total Current Assets account and Total Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Janus International's Total Current Assets and Total Liab is 0.93. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Liab in the same time period over historical financial statements of Janus International Group, assuming nothing else is changed. The correlation between historical values of Janus International's Total Current Assets and Total Liab 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 Current Assets of Janus International Group are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Total Current Assets i.e., Janus International's Total Current Assets and Total Liab go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Janus International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Janus International 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 Janus International Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
As of now, Janus International's Enterprise Value Multiple is decreasing as compared to previous years.
 2021 2022 2023 2024 (projected)
Interest Income32.9M42.0M48.3M30.7M
Tax Provision6.5M37.6M47.1M49.5M

Janus International fundamental ratios Correlations

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0.870.910.90.860.46-0.950.90.80.73-0.150.60.920.610.870.780.930.810.610.880.950.940.790.820.80.83
0.950.760.970.960.5-0.920.850.850.88-0.460.70.960.80.930.890.940.510.80.880.930.910.960.890.80.92
0.990.790.970.990.22-0.880.840.770.99-0.380.560.890.740.990.990.880.630.740.830.90.870.811.00.830.92
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Janus International Account Relationship Matchups

Currently Active Assets on Macroaxis

When determining whether Janus International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Janus International's 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 Janus International Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Janus International Group Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Janus International Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Industrial Machinery & Supplies & Components 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 Janus International. If investors know Janus 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 Janus International 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
(0.68)
Earnings Share
0.72
Revenue Per Share
6.84
Quarterly Revenue Growth
(0.18)
Return On Assets
0.0978
The market value of Janus International is measured differently than its book value, which is the value of Janus that is recorded on the company's balance sheet. Investors also form their own opinion of Janus International's value that differs from its market value or its book value, called intrinsic value, which is Janus International's 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 Janus International's market value can be influenced by many factors that don't directly affect Janus International's 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 Janus International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Janus International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Janus International's 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.