Joy Global Fundamental Drivers

The Drivers Module shows relationships between Joy Global's most relevant fundamental drivers and provides multiple suggestions of what could possibly affect the performance of Joy Global Inc over time as well as its relative position and ranking within its peers. Please also check Risk vs Return Analysis.

Joy Global Inc Working Capital vs. Z Score Fundamental Analysis

Joy Global Inc is currently regarded as number one stock in z score category among related companies. It is currently regarded as number one stock in working capital category among related companies reporting about  933,753,333  of Working Capital per Z Score.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in late 1960s at New York University..
Joy Global 
Z Score 
 = 
Sum Of  
 
5 Factors 
=
1.2
To calculate Z-Score one would need to know current working capital of the company, its total assets and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1 indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Working Capital is measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is important indicator of the firm ability to continue its normal operations without additional debt obligations. .
Joy Global 
Working Capital 
 = 
Current Assets 
Current Liabilities 
=
1.12 B
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.

Comparison

Working Capital Comparison
  Working Capital 
      Joy Global Comparables 
Joy Global is currently under evaluation in working capital category among related companies.

Revenue

Joy Global Revenue Analysis
Joy Global Inc is considered the number one company in revenue category among related companies. Market size based on revenue of Power Nuclear And Heavy Engineering industry is currently estimated at about 39.26 Billion. Joy Global holds roughly 2.37 Billion in revenue claiming about 6% of equities listed under Power Nuclear And Heavy Engineering industry.
Joy Global Inc. manufactures and services mining equipment for the extraction of coal, copper, iron ore, oil sands, gold, and other minerals worldwide. more
NameJoy Global Inc
President CEO, DirectorEdward DohenyAll Leadership
Analyst Consensus
Macroaxis Advice
Bond Rating
InstrumentUSA Stock Stocks Directory
RegionNorth America
ExchangeNew York Stock Exchange
CIK Number00801898.0
CUSIP481165108
CurrencyUSD - US Dollar
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