NewJersey Current Deferred Revenue vs Net Working Capital Analysis
NJR Stock | USD 43.46 1.11 2.62% |
NewJersey Resources financial indicator trend analysis is infinitely more than just investigating NewJersey Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NewJersey Resources is a good investment. Please check the relationship between NewJersey Resources Current Deferred Revenue and its Net Working Capital accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NewJersey Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. To learn how to invest in NewJersey Stock, please use our How to Invest in NewJersey Resources guide.
Current Deferred Revenue vs Net Working Capital
Current Deferred Revenue vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NewJersey Resources Current Deferred Revenue account and Net Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between NewJersey Resources' Current Deferred Revenue and Net Working Capital is -0.38. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of NewJersey Resources, assuming nothing else is changed. The correlation between historical values of NewJersey Resources' Current Deferred Revenue and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of NewJersey Resources are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Current Deferred Revenue i.e., NewJersey Resources' Current Deferred Revenue and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.38 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Net Working Capital
Most indicators from NewJersey Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NewJersey Resources 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NewJersey Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. To learn how to invest in NewJersey Stock, please use our How to Invest in NewJersey Resources guide.At this time, NewJersey Resources' Tax Provision is relatively stable compared to the past year. As of 06/01/2024, Issuance Of Capital Stock is likely to grow to about 60.2 M, while Selling General Administrative is likely to drop slightly above 38.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 595.2M | 610.5M | 702.1M | 379.6M | Total Revenue | 2.9B | 2.0B | 2.3B | 1.9B |
NewJersey Resources fundamental ratios Correlations
Click cells to compare fundamentals
NewJersey Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NewJersey Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 95.1M | 96.6M | 96.5M | 97.6M | 112.3M | 84.7M | |
Total Assets | 5.3B | 5.7B | 6.3B | 6.5B | 7.5B | 7.9B | |
Short Long Term Debt Total | 2.5B | 2.8B | 3.1B | 3.3B | 3.8B | 4.0B | |
Other Current Liab | 110.2M | 169.6M | 139.3M | 123.3M | 111.0M | 161.0M | |
Total Current Liabilities | 533.7M | 1.1B | 1.1B | 806.6M | 927.6M | 633.8M | |
Total Stockholder Equity | 1.6B | 1.6B | 1.8B | 2.0B | 2.3B | 2.4B | |
Property Plant And Equipment Net | 3.9B | 4.4B | 4.8B | 5.2B | 6.0B | 6.3B | |
Net Debt | 2.4B | 2.8B | 3.1B | 3.3B | 3.8B | 4.0B | |
Accounts Payable | 238.2M | 394.8M | 392.5M | 203.9M | 234.5M | 156.6M | |
Cash | 117.0M | 4.7M | 1.1M | 954K | 1.1M | 1.0M | |
Non Current Assets Total | 4.7B | 5.1B | 5.5B | 6.0B | 6.9B | 7.3B | |
Non Currrent Assets Other | 85.7M | 49.9M | 490.2M | 666.7M | 766.7M | 805.0M | |
Cash And Short Term Investments | 117.0M | 4.7M | 1.1M | 954K | 1.1M | 1.0M | |
Net Receivables | 136.2M | 198.5M | 216.7M | 105.6M | 121.4M | 155.9M | |
Common Stock Total Equity | 226.6M | 240.2M | 240.6M | 241.6M | 277.9M | 291.8M | |
Liabilities And Stockholders Equity | 5.3B | 5.7B | 6.3B | 6.5B | 7.5B | 7.9B | |
Non Current Liabilities Total | 3.1B | 3.0B | 3.3B | 3.7B | 4.3B | 4.5B | |
Inventory | 187.9M | 213.2M | 294.0M | 226.5M | 260.5M | 234.7M | |
Other Current Assets | 57.6M | 50.4M | 62.4M | 94.7M | 85.2M | 93.0M | |
Other Stockholder Equity | 500.5M | 490.1M | 512.9M | (9.3M) | (8.4M) | (7.9M) | |
Total Liab | 3.7B | 4.1B | 4.4B | 4.5B | 5.2B | 5.5B | |
Property Plant And Equipment Gross | 4.1B | 5.2B | 5.7B | 6.2B | 7.1B | 7.4B | |
Total Current Assets | 622.3M | 634.3M | 756.1M | 532.1M | 611.9M | 605.4M | |
Short Term Debt | 159.3M | 454.4M | 503.6M | 373.0M | 429.0M | 220.1M | |
Common Stock | 240.2M | 240.6M | 241.6M | 243.5M | 280.0M | 141.3M | |
Current Deferred Revenue | 25.9M | 32.6M | 68.8M | 106.3M | 95.7M | 100.5M | |
Retained Earnings | 947.5M | 934.6M | 1.1B | 1.2B | 1.4B | 1.4B | |
Accumulated Other Comprehensive Income | (44.3M) | (34.5M) | (4.8M) | 10.8M | 12.4M | 13.0M | |
Other Liab | 836.9M | 736.5M | 716.3M | 824.1M | 947.7M | 542.6M | |
Other Assets | 609.5M | 575.4M | 571.8M | 695.0M | 799.3M | 465.4M | |
Long Term Debt | 2.2B | 2.2B | 2.5B | 2.8B | 3.2B | 3.3B | |
Treasury Stock | (76.5M) | (10.4M) | 8.5M | (12.4M) | (11.2M) | (11.8M) | |
Property Plant Equipment | 4.1B | 4.4B | 4.8B | 5.2B | 6.0B | 6.3B | |
Net Tangible Assets | 4.1B | 3.8B | 1.8B | 2.0B | 2.3B | 2.3B | |
Long Term Debt Total | 1.5B | 2.3B | 2.2B | 2.5B | 2.9B | 3.0B | |
Deferred Long Term Liab | 207.3M | 180.0M | 500.7M | 584.8M | 672.6M | 706.2M | |
Long Term Investments | 208.4M | 114.5M | 106.6M | 104.1M | 93.7M | 140.9M | |
Non Current Liabilities Other | 724.6M | 697.8M | 9.1M | 13.3M | 11.9M | 11.3M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NewJersey Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation. To learn how to invest in NewJersey Stock, please use our How to Invest in NewJersey Resources guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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When running NewJersey Resources' price analysis, check to measure NewJersey Resources' 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 NewJersey Resources is operating at the current time. Most of NewJersey Resources' value examination focuses on studying past and present price action to predict the probability of NewJersey Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewJersey Resources' price. Additionally, you may evaluate how the addition of NewJersey Resources to your portfolios can decrease your overall portfolio volatility.
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Is NewJersey Resources' 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 NewJersey Resources. If investors know NewJersey 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 NewJersey Resources 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 (0.88) | Dividend Share 1.65 | Earnings Share 2.52 | Revenue Per Share 17.602 | Quarterly Revenue Growth 0.23 |
The market value of NewJersey Resources is measured differently than its book value, which is the value of NewJersey that is recorded on the company's balance sheet. Investors also form their own opinion of NewJersey Resources' value that differs from its market value or its book value, called intrinsic value, which is NewJersey Resources' 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 NewJersey Resources' market value can be influenced by many factors that don't directly affect NewJersey Resources' 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 NewJersey Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if NewJersey Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NewJersey Resources' 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.