JBT Stock | | | USD 120.69 1.51 1.27% |
John Bean financial indicator trend analysis is infinitely more than just investigating John Bean Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether John Bean Technologies is a good investment. Please check the relationship between John Bean Total Assets and its Inventory accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in John Bean Technologies. 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 Assets vs Inventory
Total Assets vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
John Bean Technologies Total Assets account and
Inventory. At this time, the significance of the direction appears to have very strong relationship.
The correlation between John Bean's Total Assets and Inventory is 0.84. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of John Bean Technologies, assuming nothing else is changed. The correlation between historical values of John Bean's Total Assets and Inventory 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 John Bean Technologies are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Assets i.e., John Bean's Total Assets and Inventory go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of John Bean 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 John Bean Technologies 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.
Inventory
Most indicators from John Bean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into John Bean Technologies 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 John Bean Technologies. 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.
Selling General Administrative is likely to drop to about 282.5
M in 2024.
Discontinued Operations is likely to drop to about (362.2
K) in 2024
John Bean fundamental ratios Correlations
Click cells to compare fundamentals
John Bean Account Relationship Matchups
High Positive Relationship
High Negative Relationship
John Bean fundamental ratios Accounts
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Additional Tools for John Stock Analysis
When running John Bean's price analysis, check to
measure John Bean's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy John Bean is operating at the current time. Most of John Bean's value examination focuses on studying past and present price action to
predict the probability of John Bean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move John Bean's price. Additionally, you may evaluate how the addition of John Bean to your portfolios can decrease your overall portfolio volatility.