Parker Intangible Assets vs Long Term Investments Analysis

PH Stock

USD 553.64 0.00 0.00%

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 Intangible Assets and its Long Term Investments 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.

Intangible Assets vs Long Term Investments

Intangible Assets vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Parker Hannifin Intangible Assets account and Long Term Investments. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Parker Hannifin's Intangible Assets and Long Term Investments is 0.53. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Long Term Investments 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 Intangible Assets and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Parker Hannifin are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Intangible Assets i.e., Parker Hannifin's Intangible Assets and Long Term Investments go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Long Term Investments

Long Term Investments is an item on the asset side of Parker Hannifin balance sheet that represents investments Parker Hannifin intends to hold for over a year. Parker Hannifin long term investments may include different instruments such as stocks, bonds, real estate and cash.

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

Gross Profit Total Revenue

Parker Hannifin 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	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.98	0.91	0.96	0.97	0.96	0.96	0.97	-0.19	0.98	0.15	-0.26	0.95	-0.84	0.97	0.99	0.25	-0.79	0.99	0.73	0.88	0.94	0.96	0.94	0.57	0.57
Short Long Term Debt Total	0.98		0.87	0.93	0.91	0.9	0.99	0.93	-0.24	0.96	0.03	-0.33	0.87	-0.88	0.98	0.95	0.31	-0.81	0.99	0.71	0.87	0.92	0.89	0.93	0.45	0.45
Other Current Liab	0.91	0.87		0.87	0.91	0.84	0.86	0.89	-0.19	0.82	0.25	-0.24	0.9	-0.7	0.86	0.87	0.59	-0.73	0.89	0.9	0.73	0.75	0.89	0.87	0.6	0.6
Total Current Liabilities	0.96	0.93	0.87		0.95	0.93	0.92	0.88	-0.23	0.95	0.07	-0.3	0.91	-0.71	0.87	0.97	0.22	-0.62	0.95	0.68	0.97	0.95	0.93	0.98	0.5	0.5
Total Stockholder Equity	0.97	0.91	0.91	0.95		0.97	0.89	0.95	-0.15	0.95	0.2	-0.21	0.97	-0.75	0.9	0.98	0.22	-0.72	0.95	0.74	0.85	0.9	0.98	0.91	0.62	0.62
Property Plant And Equipment Net	0.96	0.9	0.84	0.93	0.97		0.89	0.95	-0.18	0.97	0.22	-0.24	0.95	-0.77	0.91	0.98	0.06	-0.72	0.95	0.62	0.86	0.93	0.96	0.87	0.66	0.66
Net Debt	0.96	0.99	0.86	0.92	0.89	0.89		0.9	-0.38	0.95	-0.01	-0.46	0.83	-0.86	0.96	0.94	0.32	-0.77	0.98	0.65	0.87	0.93	0.86	0.94	0.39	0.39
Retained Earnings	0.97	0.93	0.89	0.88	0.95	0.95	0.9		-0.09	0.94	0.3	-0.14	0.96	-0.88	0.97	0.95	0.23	-0.88	0.96	0.75	0.76	0.86	0.95	0.84	0.68	0.68
Cash	-0.19	-0.24	-0.19	-0.23	-0.15	-0.18	-0.38	-0.09		-0.28	0.23	0.95	-0.01	0.13	-0.18	-0.22	-0.17	-0.01	-0.21	0.16	-0.28	-0.35	-0.09	-0.36	0.28	0.28
Non Current Assets Total	0.98	0.96	0.82	0.95	0.95	0.97	0.95	0.94	-0.28		0.08	-0.35	0.9	-0.83	0.94	0.99	0.09	-0.74	0.98	0.58	0.9	0.98	0.93	0.92	0.51	0.51
Non Currrent Assets Other	0.15	0.03	0.25	0.07	0.2	0.22	-0.01	0.3	0.23	0.08		0.41	0.3	-0.22	0.15	0.11	0.05	-0.37	0.13	0.32	-0.06	-0.02	0.23	0.01	0.75	0.75
Cash And Short Term Investments	-0.26	-0.33	-0.24	-0.3	-0.21	-0.24	-0.46	-0.14	0.95	-0.35	0.41		-0.07	0.19	-0.26	-0.3	-0.19	0.04	-0.28	0.11	-0.34	-0.41	-0.16	-0.41	0.27	0.27
Net Receivables	0.95	0.87	0.9	0.91	0.97	0.95	0.83	0.96	-0.01	0.9	0.3	-0.07		-0.75	0.88	0.94	0.21	-0.76	0.92	0.78	0.79	0.83	0.99	0.84	0.74	0.74
Common Stock Shares Outstanding	-0.84	-0.88	-0.7	-0.71	-0.75	-0.77	-0.86	-0.88	0.13	-0.83	-0.22	0.19	-0.75		-0.92	-0.8	-0.19	0.91	-0.87	-0.58	-0.62	-0.76	-0.76	-0.7	-0.52	-0.52
Non Current Liabilities Total	0.97	0.98	0.86	0.87	0.9	0.91	0.96	0.97	-0.18	0.94	0.15	-0.26	0.88	-0.92		0.94	0.27	-0.89	0.98	0.71	0.77	0.88	0.89	0.86	0.54	0.54
Inventory	0.99	0.95	0.87	0.97	0.98	0.98	0.94	0.95	-0.22	0.99	0.11	-0.3	0.94	-0.8	0.94		0.16	-0.73	0.98	0.66	0.9	0.96	0.97	0.94	0.56	0.56
Other Current Assets	0.25	0.31	0.59	0.22	0.22	0.06	0.32	0.23	-0.17	0.09	0.05	-0.19	0.21	-0.19	0.27	0.16		-0.29	0.26	0.71	0.1	0.02	0.19	0.32	0.08	0.08
Other Stockholder Equity	-0.79	-0.81	-0.73	-0.62	-0.72	-0.72	-0.77	-0.88	-0.01	-0.74	-0.37	0.04	-0.76	0.91	-0.89	-0.73	-0.29		-0.81	-0.69	-0.47	-0.62	-0.74	-0.6	-0.62	-0.62
Total Liab	0.99	0.99	0.89	0.95	0.95	0.95	0.98	0.96	-0.21	0.98	0.13	-0.28	0.92	-0.87	0.98	0.98	0.26	-0.81		0.72	0.87	0.94	0.93	0.94	0.54	0.54
Total Current Assets	0.73	0.71	0.9	0.68	0.74	0.62	0.65	0.75	0.16	0.58	0.32	0.11	0.78	-0.58	0.71	0.66	0.71	-0.69	0.72		0.52	0.48	0.73	0.67	0.6	0.6
Short Term Debt	0.88	0.87	0.73	0.97	0.85	0.86	0.87	0.76	-0.28	0.9	-0.06	-0.34	0.79	-0.62	0.77	0.9	0.1	-0.47	0.87	0.52		0.94	0.83	0.95	0.35	0.35
Intangible Assets	0.94	0.92	0.75	0.95	0.9	0.93	0.93	0.86	-0.35	0.98	-0.02	-0.41	0.83	-0.76	0.88	0.96	0.02	-0.62	0.94	0.48	0.94		0.88	0.94	0.39	0.39
Accounts Payable	0.96	0.89	0.89	0.93	0.98	0.96	0.86	0.95	-0.09	0.93	0.23	-0.16	0.99	-0.76	0.89	0.97	0.19	-0.74	0.93	0.73	0.83	0.88		0.88	0.67	0.67
Property Plant And Equipment Gross	0.94	0.93	0.87	0.98	0.91	0.87	0.94	0.84	-0.36	0.92	0.01	-0.41	0.84	-0.7	0.86	0.94	0.32	-0.6	0.94	0.67	0.95	0.94	0.88		0.38	0.38
Common Stock Total Equity	0.57	0.45	0.6	0.5	0.62	0.66	0.39	0.68	0.28	0.51	0.75	0.27	0.74	-0.52	0.54	0.56	0.08	-0.62	0.54	0.6	0.35	0.39	0.67	0.38		1.0
Common Stock	0.57	0.45	0.6	0.5	0.62	0.66	0.39	0.68	0.28	0.51	0.75	0.27	0.74	-0.52	0.54	0.56	0.08	-0.62	0.54	0.6	0.35	0.39	0.67	0.38	1.0

Click cells to compare fundamentals

Parker Hannifin Account Relationship Matchups

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

Parker Hannifin Investors Sentiment

The influence of Parker Hannifin's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Parker. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Parker Hannifin's public news can be used to forecast risks associated with an investment in Parker. The trend in average sentiment can be used to explain how an investor holding Parker can time the market purely based on public headlines and social activities around Parker Hannifin. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Parker Hannifin's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Parker Hannifin's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Parker Hannifin's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Parker Hannifin.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Parker Hannifin in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Parker Hannifin's short interest history, or implied volatility extrapolated from Parker Hannifin options trading.

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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:

How To Invest In Parker

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Is Parker Stock a good investment?

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What is Parker Hannifin's Net Worth?

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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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for Parker Stock analysis

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

0.72

Dividend Share

5.77

Earnings Share

20.26

Revenue Per Share

154.399

Quarterly Revenue Growth

0.031

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.

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Parker Intangible Assets vs Long Term Investments Analysis

Intangible Assets vs Long Term Investments

Intangible Assets vs Long Term Investments Correlation Analysis

Correlation Coefficient

Intangible Assets

Long Term Investments

Parker Hannifin fundamental ratios Correlations

Parker Hannifin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Parker Hannifin fundamental ratios Accounts

Parker Hannifin Investors Sentiment

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Parker Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Inventory	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Inventory	+ 0.99	Non Current Assets Total

Non Current Liabilities Total	- 0.92	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.89	Non Current Liabilities Total
Other Stockholder Equity	- 0.88	Retained Earnings
Common Stock Shares Outstanding	- 0.88	Retained Earnings
Common Stock Shares Outstanding	- 0.88	Short Long Term Debt Total
Total Liab	- 0.87	Common Stock Shares Outstanding