Cardinal Receivables Trend from 2010 to 2022

CAH
 Stock
  

USD 80.88  1.62  2.04%   

Cardinal Health Trade and Non Trade Receivables is increasing over the last several years with slightly volatile swings. Trade and Non Trade Receivables is predicted to flatten to about 10 B. During the period from 2010 to 2022 Cardinal Health Trade and Non Trade Receivables regressed destribution of quarterly values had coefficient of variationof 20.04 and r-squared of  0.85. Cardinal Health Net Income to Non Controlling Interests is most likely to decrease significantly in the upcoming years. The last year's value of Net Income to Non Controlling Interests was reported at 900,000. The current Selling General and Administrative Expense is estimated to increase to about 4.6 B, while Direct Expenses is projected to decrease to roughly 142.5 B.
  
Check Cardinal Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cardinal main balance sheet or income statement drivers, such as Direct Expenses of 142.5 B, Cost of Revenue of 163.9 B or Gross Profit of 7 B, as well as many exotic indicators such as Interest Coverage of 3.09, Long Term Debt to Equity of 2.91 or PPandE Turnover of 68.7. Cardinal financial statements analysis is a perfect complement when working with Cardinal Health Valuation or Volatility modules. It can also supplement Cardinal Health's financial leverage analysis and stock options assessment as well as various Cardinal Health Technical models . Continue to the analysis of Cardinal Health Correlation against competitors.

Cardinal Receivables Breakdown

Showing smoothed Receivables of Cardinal Health with missing and latest data points interpolated. Cardinal Health's Receivables historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cardinal Health's overall financial position and show how it may be relating to other accounts over time.
Receivables10 Years Trend
Increasing
Slightly volatile
   Receivables   
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       Timeline  

Cardinal Receivables Regression Statistics

Arithmetic Mean 7,539,515,291
Geometric Mean 7,390,507,304
Coefficient Of Variation 20.53
Mean Deviation 1,246,075,653
Median 7,800,000,000
Standard Deviation 1,547,701,684
Range 5,390,400,000
R-Value 0.91
R-Squared 0.83
Significance 0.0000135
Slope 362,703,257

Cardinal Receivables History

20126.3 B
20135.4 B
20146.5 B
20157.4 B
2016B
20177.8 B
20188.4 B
20198.3 B
20209.1 B
202110.6 B
20228.7 B

Other Fundumenentals of Cardinal Health

Cardinal Health Receivables component correlations

About Cardinal Health Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Cardinal Health income statement, its balance sheet, and the statement of cash flows. Cardinal Health investors use historical funamental indicators, such as Cardinal Health's Receivables, to determine how well the company is positioned to perform in the future. Although Cardinal Health investors may use each financial statement separately, they are all related. The changes in Cardinal Health's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cardinal Health's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Cardinal Health Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Cardinal Health. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Receivables10.6 B8.7 B
Trade and Non Trade Receivables10.6 B10 B
Receivables Turnover 18.45  17.07 

Cardinal Health Investors Sentiment

The influence of Cardinal Health'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 Cardinal. 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 markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Cardinal Health's public news can be used to forecast risks associated with investment in Cardinal. The trend in average sentiment can be used to explain how an investor holding Cardinal can time the market purely based on public headlines and social activities around Cardinal Health. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Cardinal Health'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 Cardinal Health'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 Cardinal Health's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cardinal Health.

Cardinal Health Implied Volatility

    
  36.5  
Cardinal Health's implied volatility exposes the market's sentiment of Cardinal Health stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cardinal Health's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cardinal Health stock will not fluctuate a lot when Cardinal Health's options are near their expiration.
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 Cardinal Health 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, Cardinal Health's short interest history, or implied volatility extrapolated from Cardinal Health options trading.

Pair Trading with Cardinal Health

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 Cardinal Health 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 Cardinal Health will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cardinal Health

+0.9JPMJPMorgan Chase Fiscal Year End 13th of January 2023 PairCorr
The ability to find closely correlated positions to Cardinal Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cardinal Health 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 Cardinal Health - 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 Cardinal Health to buy it.
The correlation of Cardinal Health is a statistical measure of how it moves in relation to other equities. 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 Cardinal Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cardinal Health 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 Cardinal Health 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 CorrelationCorrelation Matching
Continue to the analysis of Cardinal Health Correlation against competitors. Note that the Cardinal Health information on this page should be used as a complementary analysis to other Cardinal Health'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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Is Cardinal Health'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 Cardinal Health. If investors know Cardinal 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 Cardinal Health 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 YOY
(0.57) 
Market Capitalization
21.2 B
Quarterly Revenue Growth YOY
0.13
Return On Assets
0.0226
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal Health'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 Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal Health'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 Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine Cardinal Health value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal Health'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.