John Cash And Short Term Investments vs Inventory Analysis
JBSS Stock | USD 98.26 1.72 1.78% |
John B financial indicator trend analysis is infinitely more than just investigating John B Sanfilippo recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether John B Sanfilippo is a good investment. Please check the relationship between John B Cash And Short Term Investments and its Inventory accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in John B Sanfilippo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Cash And Short Term Investments vs Inventory
Cash And Short Term Investments vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of John B Sanfilippo Cash And Short Term Investments account and Inventory. At this time, the significance of the direction appears to have weak relationship.
The correlation between John B's Cash And Short Term Investments and Inventory is 0.38. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Inventory in the same time period over historical financial statements of John B Sanfilippo, assuming nothing else is changed. The correlation between historical values of John B's Cash And Short Term Investments 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 Cash And Short Term Investments of John B Sanfilippo 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 Cash And Short Term Investments i.e., John B's Cash And Short Term Investments and Inventory go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of John B Sanfilippo balance sheet. This account contains John B investments that will expire within one year. These investments include stocks and bonds that can be liquidated by John B Sanfilippo 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.Inventory
Most indicators from John B's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into John B Sanfilippo 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 B Sanfilippo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. At this time, John B's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 8.49 in 2024, whereas Tax Provision is likely to drop slightly above 19.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 199.6M | 211.6M | 243.4M | 255.5M | Total Revenue | 955.9M | 999.7M | 1.1B | 624.0M |
John B fundamental ratios Correlations
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John B Account Relationship Matchups
High Positive Relationship
High Negative Relationship
John B fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 407.5M | 398.5M | 447.3M | 425.3M | 489.1M | 339.9M | |
Short Long Term Debt Total | 52.1M | 26.6M | 52.7M | 12.8M | 11.5M | 11.0M | |
Other Current Liab | 41.5M | 37.7M | 31.2M | 23.4M | 26.9M | 18.7M | |
Total Current Liabilities | 112.2M | 100.2M | 122.8M | 85.7M | 98.5M | 102.5M | |
Total Stockholder Equity | 238.2M | 242.5M | 278.8M | 292.2M | 336.0M | 179.9M | |
Property Plant And Equipment Net | 128.1M | 136.9M | 134.9M | 127.2M | 146.3M | 118.0M | |
Net Debt | 50.5M | 25.9M | 52.2M | 10.9M | 9.8M | 9.3M | |
Retained Earnings | 124.1M | 126.3M | 153.6M | 161.5M | 185.7M | 195.0M | |
Accounts Payable | 36.3M | 48.9M | 47.7M | 42.7M | 49.1M | 31.8M | |
Cash | 1.5M | 672K | 415K | 1.9M | 2.2M | 1.5M | |
Non Current Assets Total | 168.6M | 173.3M | 164.1M | 170.9M | 196.5M | 140.7M | |
Non Currrent Assets Other | (17.2M) | (18.4M) | (20.9M) | 6.9M | 6.3M | 6.6M | |
Cash And Short Term Investments | 1.5M | 672K | 415K | 1.9M | 2.2M | 1.5M | |
Net Receivables | 57.0M | 66.3M | 69.6M | 72.7M | 83.6M | 46.7M | |
Common Stock Shares Outstanding | 11.5M | 11.6M | 11.6M | 11.6M | 13.4M | 11.3M | |
Liabilities And Stockholders Equity | 407.5M | 398.5M | 447.3M | 425.3M | 489.1M | 339.9M | |
Non Current Liabilities Total | 57.1M | 55.8M | 45.7M | 47.4M | 54.5M | 57.5M | |
Inventory | 172.1M | 148.0M | 204.9M | 172.9M | 198.9M | 144.5M | |
Other Current Assets | 8.3M | 8.6M | 8.3M | 6.8M | 7.8M | 5.4M | |
Other Stockholder Equity | 122.7M | 125.1M | 127.6M | 130.8M | 150.4M | 131.3M | |
Total Liab | 169.2M | 156.0M | 168.4M | 133.1M | 153.0M | 159.9M | |
Property Plant And Equipment Gross | 111.0M | 120.6M | 384.9M | 394.6M | 453.7M | 476.4M | |
Total Current Assets | 238.9M | 225.2M | 283.2M | 254.4M | 292.6M | 199.1M | |
Accumulated Other Comprehensive Income | (8.6M) | (9.0M) | (2.5M) | (204K) | (234.6K) | (246.3K) | |
Short Term Debt | 34.3M | 13.6M | 43.8M | 957K | 861.3K | 818.2K | |
Intangible Assets | 21.8M | 10.0M | 8.1M | 6.7M | 7.7M | 8.4M | |
Other Assets | 18.7M | 16.8M | 11.5M | 10.5M | 12.1M | 11.5M | |
Long Term Debt | 14.7M | 10.9M | 7.8M | 7.1M | 6.4M | 6.1M | |
Property Plant Equipment | 128.1M | 136.9M | 134.9M | 141.9M | 163.2M | 139.1M | |
Other Liab | 39.3M | 42.8M | 36.8M | 35.5M | 40.8M | 24.9M | |
Net Tangible Assets | 216.5M | 222.9M | 261.1M | 273.8M | 314.9M | 253.2M | |
Retained Earnings Total Equity | 137.7M | 124.1M | 126.3M | 153.6M | 176.6M | 127.5M | |
Long Term Debt Total | 20.4M | 14.7M | 10.9M | 7.8M | 7.0M | 6.6M | |
Capital Surpluse | 122.3M | 123.9M | 126.3M | 128.8M | 148.1M | 128.4M | |
Non Current Liabilities Other | 7.8M | 7.9M | 37.9M | 1.5M | 1.4M | 1.3M |
Pair Trading with John B
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 John B 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 John B will appreciate offsetting losses from the drop in the long position's value.Moving together with John Stock
0.75 | LW | Lamb Weston Holdings Financial Report 23rd of July 2024 | PairCorr |
0.75 | TR | Tootsie Roll Industries | PairCorr |
Moving against John Stock
The ability to find closely correlated positions to John B could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace John B 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 John B - 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 John B Sanfilippo to buy it.
The correlation of John B 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 John B moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if John B Sanfilippo 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 John B 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.Additional Tools for John Stock Analysis
When running John B's price analysis, check to measure John B'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 B is operating at the current time. Most of John B's value examination focuses on studying past and present price action to predict the probability of John B'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 B's price. Additionally, you may evaluate how the addition of John B to your portfolios can decrease your overall portfolio volatility.