Jianzhi Good Will vs Retained Earnings Analysis
JZ Stock | USD 1.16 0.03 2.65% |
Jianzhi Education financial indicator trend analysis is infinitely more than just investigating Jianzhi Education recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jianzhi Education is a good investment. Please check the relationship between Jianzhi Education Good Will and its Retained Earnings accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jianzhi Education Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Good Will vs Retained Earnings
Good Will vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jianzhi Education Good Will account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Jianzhi Education's Good Will and Retained Earnings is 0.83. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Jianzhi Education Technology, assuming nothing else is changed. The correlation between historical values of Jianzhi Education's Good Will and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Jianzhi Education Technology are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Good Will i.e., Jianzhi Education's Good Will and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Jianzhi Education's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jianzhi Education 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 Jianzhi Education Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Jianzhi Education's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.1 in 2024, whereas Selling General Administrative is likely to drop slightly above 21.1 M in 2024.
2021 | 2023 | 2024 (projected) | Interest Expense | 4.4M | 5.1M | 3.7M | Depreciation And Amortization | 54.4M | 66.5M | 49.0M |
Jianzhi Education fundamental ratios Correlations
Click cells to compare fundamentals
Jianzhi Education Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Jianzhi Education's price analysis, check to measure Jianzhi Education'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 Jianzhi Education is operating at the current time. Most of Jianzhi Education's value examination focuses on studying past and present price action to predict the probability of Jianzhi Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jianzhi Education's price. Additionally, you may evaluate how the addition of Jianzhi Education to your portfolios can decrease your overall portfolio volatility.