Parker Cash vs Retained Earnings Analysis
PH Stock | USD 529.83 3.26 0.62% |
Parker Hannifin financial indicator trend analysis is much more than just breaking down Parker Hannifin prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parker Hannifin is a good investment. Please check the relationship between Parker Hannifin Cash and its Retained Earnings accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.
Cash vs Retained Earnings
Cash vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Parker Hannifin Cash account and Retained Earnings. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Parker Hannifin's Cash and Retained Earnings is -0.09. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Parker Hannifin, assuming nothing else is changed. The correlation between historical values of Parker Hannifin's Cash 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 of Parker Hannifin 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 i.e., Parker Hannifin's Cash and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.09 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Parker Hannifin, which is listed under current asset account on Parker Hannifin balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Parker Hannifin customers. The amounts must be unrestricted with restricted cash listed in a different Parker Hannifin account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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 Parker Hannifin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parker Hannifin 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.As of now, Parker Hannifin's Selling General Administrative is increasing as compared to previous years. The Parker Hannifin's current Enterprise Value is estimated to increase to about 58.7 B, while Tax Provision is projected to decrease to under 468.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.5B | 6.4B | 7.4B | 7.8B | Total Revenue | 15.9B | 19.1B | 21.9B | 23.0B |
Parker Hannifin fundamental ratios Correlations
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Parker Hannifin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Parker Hannifin fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 19.7B | 20.3B | 25.9B | 30.0B | 34.5B | 36.2B | |
Short Long Term Debt Total | 8.5B | 6.6B | 11.5B | 12.6B | 14.4B | 15.2B | |
Other Current Liab | 1.2B | 1.4B | 2.3B | 1.7B | 1.9B | 2.0B | |
Total Current Liabilities | 3.1B | 3.1B | 5.9B | 7.7B | 8.9B | 9.3B | |
Total Stockholder Equity | 6.1B | 8.4B | 8.8B | 10.3B | 11.9B | 12.5B | |
Property Plant And Equipment Net | 2.3B | 2.3B | 2.1B | 2.9B | 3.3B | 3.5B | |
Net Debt | 7.8B | 5.9B | 10.9B | 12.1B | 13.9B | 14.6B | |
Retained Earnings | 13.5B | 14.9B | 15.7B | 17.0B | 19.6B | 20.6B | |
Cash | 685.5M | 733.1M | 535.8M | 475.2M | 546.5M | 513.4M | |
Non Current Assets Total | 14.9B | 14.7B | 13.9B | 23.1B | 26.6B | 27.9B | |
Cash And Short Term Investments | 756.3M | 772.2M | 563.7M | 483.6M | 556.1M | 587.4M | |
Net Receivables | 2.1B | 2.5B | 2.9B | 3.1B | 3.6B | 3.8B | |
Common Stock Shares Outstanding | 129.8M | 130.8M | 130.4M | 129.8M | 116.8M | 126.9M | |
Liabilities And Stockholders Equity | 19.7B | 20.3B | 25.9B | 30.0B | 34.5B | 36.2B | |
Non Current Liabilities Total | 10.5B | 8.8B | 11.2B | 11.9B | 13.7B | 14.4B | |
Inventory | 1.8B | 2.1B | 2.2B | 2.9B | 3.3B | 3.5B | |
Other Current Assets | 215.0M | 244.0M | 6.9B | 306.3M | 352.3M | 367.8M | |
Other Stockholder Equity | (4.9B) | (5.0B) | (5.4B) | (5.5B) | (5.0B) | (4.7B) | |
Total Liab | 13.6B | 11.9B | 17.1B | 19.6B | 22.6B | 23.7B | |
Total Current Assets | 4.9B | 5.6B | 12.0B | 6.8B | 7.9B | 8.3B | |
Short Term Debt | 809.5M | 2.8M | 1.7B | 3.8B | 4.3B | 4.5B | |
Intangible Assets | 3.8B | 3.5B | 3.1B | 8.5B | 9.7B | 10.2B | |
Accounts Payable | 1.1B | 1.7B | 1.7B | 2.1B | 2.4B | 2.5B | |
Property Plant And Equipment Gross | 2.3B | 2.3B | 5.9B | 6.9B | 7.9B | 8.3B | |
Accumulated Other Comprehensive Income | (2.6B) | (1.6B) | (1.5B) | (1.3B) | (1.2B) | (1.2B) | |
Other Liab | 2.7B | 2.2B | 1.5B | 2.8B | 3.2B | 1.7B | |
Other Assets | 128.3M | 104.3M | 110.6M | 1.2B | 1.1B | 1.1B | |
Long Term Debt | 7.7B | 6.6B | 9.8B | 8.8B | 10.1B | 10.6B | |
Good Will | 7.9B | 8.1B | 7.7B | 10.6B | 12.2B | 12.8B | |
Treasury Stock | (4.6B) | (5.3B) | (5.4B) | (5.4B) | (4.8B) | (4.6B) | |
Property Plant Equipment | 2.4B | 2.3B | 2.1B | 2.9B | 3.3B | 2.0B | |
Net Tangible Assets | (5.6B) | (3.2B) | (2.0B) | 10.3B | 9.3B | 9.8B | |
Noncontrolling Interest In Consolidated Entity | 14.5M | 15.4M | 11.9M | 11.4M | 10.3M | 16.3M | |
Retained Earnings Total Equity | 13.5B | 14.9B | 15.7B | 17.0B | 19.6B | 11.5B | |
Short Term Investments | 70.8M | 39.1M | 27.9M | 8.4M | 7.6M | 7.2M | |
Long Term Debt Total | 7.7B | 6.6B | 9.8B | 8.8B | 10.1B | 5.1B |
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When determining whether Parker Hannifin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Parker Hannifin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Parker Hannifin Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Parker Hannifin Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.Note that the Parker Hannifin information on this page should be used as a complementary analysis to other Parker Hannifin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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When running Parker Hannifin's price analysis, check to measure Parker Hannifin'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 Parker Hannifin is operating at the current time. Most of Parker Hannifin's value examination focuses on studying past and present price action to predict the probability of Parker Hannifin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parker Hannifin's price. Additionally, you may evaluate how the addition of Parker Hannifin to your portfolios can decrease your overall portfolio volatility.
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Is Parker Hannifin's 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 Parker Hannifin. If investors know Parker 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 Parker Hannifin 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 0.225 | Dividend Share 5.92 | Earnings Share 21.3 | Revenue Per Share 154.435 | Quarterly Revenue Growth 0.003 |
The market value of Parker Hannifin is measured differently than its book value, which is the value of Parker that is recorded on the company's balance sheet. Investors also form their own opinion of Parker Hannifin's value that differs from its market value or its book value, called intrinsic value, which is Parker Hannifin's 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 Parker Hannifin's market value can be influenced by many factors that don't directly affect Parker Hannifin's 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 Parker Hannifin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parker Hannifin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parker Hannifin's 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.