Flexsteel Cash And Short Term Investments vs Retained Earnings Analysis

FLXS Stock

USD 35.80 1.70 4.53%

Flexsteel Industries financial indicator trend analysis is much more than just examining Flexsteel Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Flexsteel Industries is a good investment. Please check the relationship between Flexsteel Industries Cash And Short Term Investments and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flexsteel Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy Flexsteel Stock please use our How to Invest in Flexsteel Industries guide.

Cash And Short Term Investments vs Retained Earnings

Cash And Short Term Investments vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Flexsteel Industries Cash And Short Term Investments account and Retained Earnings. At this time, the significance of the direction appears to have weak relationship.

The correlation between Flexsteel Industries' Cash And Short Term Investments and Retained Earnings is 0.35. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Flexsteel Industries, assuming nothing else is changed. The correlation between historical values of Flexsteel Industries' Cash And Short Term Investments 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 Cash And Short Term Investments of Flexsteel Industries 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 Cash And Short Term Investments i.e., Flexsteel Industries' Cash And Short Term Investments and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.35

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Flexsteel Industries balance sheet. This account contains Flexsteel Industries investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Flexsteel Industries fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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 Flexsteel Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Flexsteel Industries 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flexsteel Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy Flexsteel Stock please use our How to Invest in Flexsteel Industries guide.Sales General And Administrative To Revenue is likely to gain to 0.17 in 2024, whereas Selling General Administrative is likely to drop slightly above 65.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	72.7M	70.9M	81.6M	75.5M
Total Revenue	544.3M	393.7M	452.7M	351.5M

Gross Profit Total Revenue

Flexsteel Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.4	0.85	0.74	0.65	0.59	0.19	0.9	-0.01	0.55	-0.26	0.08	0.79	-0.23	0.26	0.67	0.35	-0.15	0.43	0.59	0.92	0.09	0.58	0.86	0.86	0.06
Short Long Term Debt Total	0.4		0.41	0.63	-0.28	0.62	0.88	0.09	-0.61	0.6	-0.12	-0.6	0.4	-0.54	0.84	0.8	-0.2	-0.85	0.92	0.63	0.34	-0.07	0.59	0.61	0.61	0.12
Other Current Liab	0.85	0.41		0.72	0.59	0.51	0.17	0.76	-0.04	0.49	-0.17	-0.03	0.73	-0.09	0.2	0.68	0.45	-0.11	0.4	0.51	0.83	0.16	0.54	0.72	0.72	0.07
Total Current Liabilities	0.74	0.63	0.72		0.22	0.37	0.52	0.43	-0.31	0.32	-0.28	-0.3	0.77	-0.22	0.3	0.77	0.34	-0.27	0.57	0.37	0.8	0.09	0.96	0.66	0.66	0.54
Total Stockholder Equity	0.65	-0.28	0.59	0.22		0.22	-0.51	0.88	0.51	0.19	-0.23	0.63	0.6	0.47	-0.38	0.19	0.51	0.55	-0.24	0.22	0.71	0.03	0.1	0.33	0.33	-0.04
Property Plant And Equipment Net	0.59	0.62	0.51	0.37	0.22		0.48	0.48	-0.28	0.99	-0.19	-0.19	0.4	-0.29	0.77	0.68	0.07	-0.56	0.79	1.0	0.37	-0.24	0.22	0.78	0.78	-0.31
Net Debt	0.19	0.88	0.17	0.52	-0.51	0.48		-0.15	-0.89	0.48	0.05	-0.87	0.26	-0.62	0.79	0.69	-0.36	-0.88	0.84	0.48	0.07	0.09	0.49	0.39	0.39	0.21
Retained Earnings	0.9	0.09	0.76	0.43	0.88	0.48	-0.15		0.21	0.46	-0.19	0.35	0.72	0.03	0.0	0.47	0.32	0.14	0.12	0.48	0.84	0.1	0.25	0.65	0.65	-0.09
Cash	-0.01	-0.61	-0.04	-0.31	0.51	-0.28	-0.89	0.21		-0.31	-0.29	0.95	-0.18	0.57	-0.58	-0.53	0.52	0.73	-0.58	-0.27	0.11	-0.31	-0.28	-0.11	-0.11	-0.28
Non Current Assets Total	0.55	0.6	0.49	0.32	0.19	0.99	0.48	0.46	-0.31		-0.06	-0.23	0.37	-0.32	0.79	0.68	0.06	-0.59	0.79	0.99	0.33	-0.14	0.16	0.75	0.75	-0.32
Non Currrent Assets Other	-0.26	-0.12	-0.17	-0.28	-0.23	-0.19	0.05	-0.19	-0.29	-0.06		-0.34	-0.14	-0.23	0.11	0.05	-0.22	-0.18	0.0	-0.2	-0.25	0.83	-0.33	-0.27	-0.27	0.04
Cash And Short Term Investments	0.08	-0.6	-0.03	-0.3	0.63	-0.19	-0.87	0.35	0.95	-0.23	-0.34		-0.11	0.59	-0.58	-0.47	0.4	0.73	-0.58	-0.18	0.18	-0.35	-0.28	-0.07	-0.08	-0.29
Net Receivables	0.79	0.4	0.73	0.77	0.6	0.4	0.26	0.72	-0.18	0.37	-0.14	-0.11		0.05	0.11	0.78	0.26	-0.04	0.36	0.39	0.87	0.21	0.69	0.56	0.56	0.5
Common Stock Shares Outstanding	-0.23	-0.54	-0.09	-0.22	0.47	-0.29	-0.62	0.03	0.57	-0.32	-0.23	0.59	0.05		-0.67	-0.27	0.45	0.8	-0.56	-0.29	0.01	-0.2	-0.15	-0.38	-0.37	0.12
Non Current Liabilities Total	0.26	0.84	0.2	0.3	-0.38	0.77	0.79	0.0	-0.58	0.79	0.11	-0.58	0.11	-0.67		0.63	-0.24	-0.94	0.95	0.77	0.05	-0.05	0.22	0.61	0.61	-0.22
Inventory	0.67	0.8	0.68	0.77	0.19	0.68	0.69	0.47	-0.53	0.68	0.05	-0.47	0.78	-0.27	0.63		0.08	-0.57	0.81	0.68	0.67	0.23	0.66	0.67	0.67	0.28
Other Current Assets	0.35	-0.2	0.45	0.34	0.51	0.07	-0.36	0.32	0.52	0.06	-0.22	0.4	0.26	0.45	-0.24	0.08		0.45	-0.07	0.07	0.47	0.04	0.25	0.26	0.26	-0.01
Other Stockholder Equity	-0.15	-0.85	-0.11	-0.27	0.55	-0.56	-0.88	0.14	0.73	-0.59	-0.18	0.73	-0.04	0.8	-0.94	-0.57	0.45		-0.87	-0.57	0.04	-0.05	-0.23	-0.44	-0.44	0.12
Total Liab	0.43	0.92	0.4	0.57	-0.24	0.79	0.84	0.12	-0.58	0.79	0.0	-0.58	0.36	-0.56	0.95	0.81	-0.07	-0.87		0.79	0.29	-0.03	0.5	0.7	0.7	0.01
Property Plant And Equipment Gross	0.59	0.63	0.51	0.37	0.22	1.0	0.48	0.48	-0.27	0.99	-0.2	-0.18	0.39	-0.29	0.77	0.68	0.07	-0.57	0.79		0.37	-0.25	0.22	0.78	0.78	-0.31
Total Current Assets	0.92	0.34	0.83	0.8	0.71	0.37	0.07	0.84	0.11	0.33	-0.25	0.18	0.87	0.01	0.05	0.67	0.47	0.04	0.29	0.37		0.15	0.68	0.69	0.7	0.28
Short Term Debt	0.09	-0.07	0.16	0.09	0.03	-0.24	0.09	0.1	-0.31	-0.14	0.83	-0.35	0.21	-0.2	-0.05	0.23	0.04	-0.05	-0.03	-0.25	0.15		-0.02	-0.1	-0.09	0.2
Accounts Payable	0.58	0.59	0.54	0.96	0.1	0.22	0.49	0.25	-0.28	0.16	-0.33	-0.28	0.69	-0.15	0.22	0.66	0.25	-0.23	0.5	0.22	0.68	-0.02		0.51	0.51	0.69
Common Stock Total Equity	0.86	0.61	0.72	0.66	0.33	0.78	0.39	0.65	-0.11	0.75	-0.27	-0.07	0.56	-0.38	0.61	0.67	0.26	-0.44	0.7	0.78	0.69	-0.1	0.51		1.0	-0.14
Common Stock	0.86	0.61	0.72	0.66	0.33	0.78	0.39	0.65	-0.11	0.75	-0.27	-0.08	0.56	-0.37	0.61	0.67	0.26	-0.44	0.7	0.78	0.7	-0.09	0.51	1.0		-0.14
Other Liab	0.06	0.12	0.07	0.54	-0.04	-0.31	0.21	-0.09	-0.28	-0.32	0.04	-0.29	0.5	0.12	-0.22	0.28	-0.01	0.12	0.01	-0.31	0.28	0.2	0.69	-0.14	-0.14

Click cells to compare fundamentals

Flexsteel Industries Account Relationship Matchups

Flexsteel Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	237.3M	296.8M	268.7M	290.6M	334.1M	175.2M
Other Current Liab	21.3M	26.1M	26.1M	23.2M	26.7M	19.6M
Total Current Liabilities	53.5M	99.8M	64.6M	55.1M	63.4M	35.5M
Total Stockholder Equity	175.5M	168.0M	131.6M	141.6M	162.9M	126.1M
Property Plant And Equipment Net	52.0M	66.8M	76.7M	106.9M	123.0M	129.1M
Net Debt	(36.2M)	32.3M	41.9M	24.9M	28.6M	30.1M
Retained Earnings	137.3M	157.1M	155.3M	166.8M	191.8M	114.0M
Cash	48.2M	1.3M	2.2M	3.4M	3.9M	3.7M
Non Current Assets Total	55.4M	68.2M	78.7M	119.9M	137.9M	144.8M
Non Currrent Assets Other	1.3M	1.4M	1.9M	5.8M	6.7M	7.4M
Cash And Short Term Investments	48.2M	1.3M	2.2M	3.4M	3.9M	3.7M
Net Receivables	32.2M	56.0M	41.1M	38.2M	43.9M	36.9M
Common Stock Shares Outstanding	8.0M	7.5M	6.5M	5.4M	6.2M	7.7M
Liabilities And Stockholders Equity	237.3M	296.8M	268.7M	290.6M	334.1M	175.2M
Non Current Liabilities Total	8.3M	29.1M	72.6M	93.8M	107.9M	113.3M
Inventory	70.6M	161.1M	141.2M	122.1M	140.4M	147.4M
Other Current Assets	18.5M	9.4M	5.0M	6.4M	7.4M	7.6M
Other Stockholder Equity	30.2M	2.7M	(31.9M)	(33.5M)	(30.1M)	(28.6M)
Total Liab	61.8M	128.8M	137.2M	148.9M	171.3M	179.8M
Property Plant And Equipment Gross	52.0M	66.8M	76.7M	106.9M	123.0M	129.1M
Total Current Assets	181.8M	228.5M	190.1M	170.6M	196.2M	126.8M
Accounts Payable	27.7M	67.8M	32.1M	24.7M	28.5M	14.5M
Common Stock Total Equity	8.0M	8.1M	8.2M	8.3M	9.5M	7.8M
Common Stock	8.0M	8.1M	8.2M	8.3M	9.5M	7.8M
Other Liab	685K	29.1M	823K	577K	663.6K	630.4K
Other Assets	9.1M	3.4M	1.4M	1.9M	1.7M	1.7M
Property Plant Equipment	52.0M	66.8M	76.7M	38.7M	44.4M	45.4M
Net Tangible Assets	175.5M	168.0M	131.6M	141.6M	127.5M	143.2M
Non Current Liabilities Other	685K	29.1M	34.8M	65.6M	75.4M	79.2M
Net Invested Capital	175.5M	171.5M	37.7M	28.3M	25.4M	24.2M
Net Working Capital	128.4M	128.8M	125.4M	115.5M	104.0M	105.5M

Pair Trading with Flexsteel Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Flexsteel Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Flexsteel Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with Flexsteel Stock

0.64

HBB

Hamilton Beach Brands

Pair Corr

Moving against Flexsteel Stock

0.65	EFOI	Energy Focu	Pair Corr
0.48	BSET	Bassett Furniture Financial Report 4th of July 2024	Pair Corr

The ability to find closely correlated positions to Flexsteel Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Flexsteel Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Flexsteel Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Flexsteel Industries to buy it.

The correlation of Flexsteel Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Flexsteel Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Flexsteel Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Flexsteel Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Flexsteel Industries is a strong investment it is important to analyze Flexsteel Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Flexsteel Industries' future performance. For an informed investment choice regarding Flexsteel Stock, refer to the following important reports:

How To Invest In Flexsteel

Details

Is Flexsteel Stock a good investment?

Details

What is Flexsteel Industries' Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flexsteel Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy Flexsteel Stock please use our How to Invest in Flexsteel Industries guide.

You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Flexsteel Stock analysis

When running Flexsteel Industries' price analysis, check to measure Flexsteel Industries' 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 Flexsteel Industries is operating at the current time. Most of Flexsteel Industries' value examination focuses on studying past and present price action to predict the probability of Flexsteel Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flexsteel Industries' price. Additionally, you may evaluate how the addition of Flexsteel Industries to your portfolios can decrease your overall portfolio volatility.

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Is Flexsteel Industries' industry 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 Flexsteel Industries. If investors know Flexsteel 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 Flexsteel Industries 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

0.179

Dividend Share

0.6

Earnings Share

3.03

Revenue Per Share

78.876

Quarterly Revenue Growth

0.082

The market value of Flexsteel Industries is measured differently than its book value, which is the value of Flexsteel that is recorded on the company's balance sheet. Investors also form their own opinion of Flexsteel Industries' value that differs from its market value or its book value, called intrinsic value, which is Flexsteel Industries' 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 Flexsteel Industries' market value can be influenced by many factors that don't directly affect Flexsteel Industries' 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 Flexsteel Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Flexsteel Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flexsteel Industries' 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.

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Flexsteel Cash And Short Term Investments vs Retained Earnings Analysis

Cash And Short Term Investments vs Retained Earnings

Cash And Short Term Investments vs Retained Earnings Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Retained Earnings

Flexsteel Industries fundamental ratios Correlations

Flexsteel Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Flexsteel Industries fundamental ratios Accounts

Pair Trading with Flexsteel Industries

Moving together with Flexsteel Stock

Moving against Flexsteel Stock

Complementary Tools for Flexsteel Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total
Accounts Payable	+ 0.96	Total Current Liabilities
Cash And Short Term Investments	+ 0.95	Cash

Other Stockholder Equity	- 0.94	Non Current Liabilities Total
Cash	- 0.89	Net Debt
Other Stockholder Equity	- 0.88	Net Debt
Total Liab	- 0.87	Other Stockholder Equity
Cash And Short Term Investments	- 0.87	Net Debt
Other Stockholder Equity	- 0.85	Short Long Term Debt Total