JMAT Stock | | | 1,359 29.00 2.18% |
Johnson Matthey financial indicator trend analysis is infinitely more than just investigating Johnson Matthey PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Johnson Matthey PLC is a good investment. Please check the relationship between Johnson Matthey Cash and its Property Plant And Equipment Net accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Johnson Matthey PLC. 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.
Cash vs Property Plant And Equipment Net
Cash vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Johnson Matthey PLC Cash account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between Johnson Matthey's Cash and Property Plant And Equipment Net is 0.6. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Johnson Matthey PLC, assuming nothing else is changed. The correlation between historical values of Johnson Matthey's Cash and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Johnson Matthey PLC are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Cash i.e., Johnson Matthey's Cash and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Johnson Matthey PLC, which is listed under current asset account on Johnson Matthey PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Johnson Matthey customers. The amounts must be unrestricted with restricted cash listed in a different Johnson Matthey account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Johnson Matthey's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Johnson Matthey PLC 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 Johnson Matthey PLC. 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.
At this time, Johnson Matthey's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 64.9
M in 2024, whereas
Discontinued Operations is likely to drop (205.1
M) in 2024.
Johnson Matthey fundamental ratios Correlations
Click cells to compare fundamentals
Johnson Matthey Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Johnson Matthey fundamental ratios Accounts
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