Encompass Inventory vs Cash And Short Term Investments Analysis

EHC Stock

USD 82.47 0.26 0.31%

Encompass Health financial indicator trend analysis is much more than just examining Encompass Health Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Encompass Health Corp is a good investment. Please check the relationship between Encompass Health Inventory and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Encompass Health Corp. 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.

Inventory vs Cash And Short Term Investments

Inventory vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Encompass Health Corp Inventory account and Cash And Short Term Investments. At this time, the significance of the direction appears to have no relationship.

The correlation between Encompass Health's Inventory and Cash And Short Term Investments is 0.09. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Encompass Health Corp, assuming nothing else is changed. The correlation between historical values of Encompass Health's Inventory and Cash And Short 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 Inventory of Encompass Health Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Inventory i.e., Encompass Health's Inventory and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.09

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Inventory

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Encompass Health Corp balance sheet. This account contains Encompass Health investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Encompass Health Corp 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.

Most indicators from Encompass Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Encompass Health Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Encompass Health Corp. 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.

At present, Encompass Health's Discontinued Operations is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.63, whereas Tax Provision is forecasted to decline to about 104.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	4.9B	4.1B	933.5M	886.8M
Total Revenue	5.1B	4.3B	4.8B	2.8B

Gross Profit Total Revenue

Encompass Health 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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Current Deferred Revenue	Accounts Payable	Common Stock Total Equity
Total Assets		0.96	0.77	0.97	0.85	0.75	0.96	0.45	0.38	1.0	0.57	0.39	0.98	0.54	0.97	-0.18	0.59	0.2	0.98	0.56	0.88	0.85	0.86	0.76	0.86	0.52
Short Long Term Debt Total	0.96		0.66	0.9	0.75	0.68	1.0	0.35	0.36	0.96	0.59	0.35	0.93	0.56	0.99	-0.13	0.6	0.23	0.99	0.49	0.86	0.83	0.9	0.76	0.75	0.56
Other Current Liab	0.77	0.66		0.81	0.8	0.84	0.66	0.52	0.29	0.76	0.13	0.37	0.8	0.43	0.68	-0.35	0.53	0.1	0.71	0.81	0.69	0.62	0.55	0.31	0.85	0.57
Total Current Liabilities	0.97	0.9	0.81		0.89	0.77	0.9	0.45	0.45	0.96	0.6	0.46	0.96	0.55	0.91	-0.19	0.6	0.27	0.94	0.6	0.89	0.88	0.81	0.79	0.84	0.59
Total Stockholder Equity	0.85	0.75	0.8	0.89		0.91	0.74	0.7	0.48	0.84	0.4	0.5	0.9	0.29	0.75	-0.26	0.54	0.06	0.78	0.81	0.84	0.86	0.64	0.63	0.86	0.62
Property Plant And Equipment Net	0.75	0.68	0.84	0.77	0.91		0.67	0.74	0.37	0.74	0.07	0.42	0.83	0.26	0.69	-0.39	0.63	-0.1	0.71	0.95	0.74	0.8	0.45	0.35	0.88	0.66
Net Debt	0.96	1.0	0.66	0.9	0.74	0.67		0.34	0.31	0.96	0.57	0.3	0.93	0.55	0.99	-0.14	0.6	0.22	0.99	0.48	0.84	0.82	0.9	0.74	0.74	0.55
Retained Earnings	0.45	0.35	0.52	0.45	0.7	0.74	0.34		0.13	0.46	-0.1	0.17	0.5	-0.41	0.32	-0.58	0.13	-0.64	0.35	0.72	0.27	0.61	0.28	0.13	0.64	0.11
Cash	0.38	0.36	0.29	0.45	0.48	0.37	0.31	0.13		0.34	0.51	0.98	0.37	0.31	0.35	0.16	0.08	0.3	0.37	0.36	0.61	0.51	0.25	0.49	0.31	0.41
Non Current Assets Total	1.0	0.96	0.76	0.96	0.84	0.74	0.96	0.46	0.34		0.55	0.35	0.97	0.51	0.96	-0.22	0.58	0.17	0.97	0.55	0.85	0.85	0.87	0.74	0.86	0.48
Non Currrent Assets Other	0.57	0.59	0.13	0.6	0.4	0.07	0.57	-0.1	0.51	0.55		0.45	0.5	0.44	0.58	0.26	0.16	0.52	0.59	-0.07	0.6	0.52	0.69	0.93	0.21	0.28
Cash And Short Term Investments	0.39	0.35	0.37	0.46	0.5	0.42	0.3	0.17	0.98	0.35	0.45		0.39	0.33	0.35	0.09	0.11	0.26	0.38	0.45	0.61	0.49	0.21	0.43	0.39	0.4
Net Receivables	0.98	0.93	0.8	0.96	0.9	0.83	0.93	0.5	0.37	0.97	0.5	0.39		0.54	0.94	-0.19	0.65	0.2	0.95	0.67	0.91	0.85	0.79	0.71	0.9	0.59
Common Stock Shares Outstanding	0.54	0.56	0.43	0.55	0.29	0.26	0.55	-0.41	0.31	0.51	0.44	0.33	0.54		0.61	0.33	0.62	0.81	0.6	0.15	0.69	0.28	0.39	0.47	0.39	0.59
Non Current Liabilities Total	0.97	0.99	0.68	0.91	0.75	0.69	0.99	0.32	0.35	0.96	0.58	0.35	0.94	0.61		-0.16	0.65	0.27	1.0	0.5	0.86	0.83	0.88	0.76	0.76	0.58
Inventory	-0.18	-0.13	-0.35	-0.19	-0.26	-0.39	-0.14	-0.58	0.16	-0.22	0.26	0.09	-0.19	0.33	-0.16		-0.29	0.45	-0.16	-0.42	0.14	-0.32	-0.09	0.08	-0.29	-0.04
Other Current Assets	0.59	0.6	0.53	0.6	0.54	0.63	0.6	0.13	0.08	0.58	0.16	0.11	0.65	0.62	0.65	-0.29		0.43	0.65	0.52	0.61	0.57	0.39	0.41	0.52	0.76
Other Stockholder Equity	0.2	0.23	0.1	0.27	0.06	-0.1	0.22	-0.64	0.3	0.17	0.52	0.26	0.2	0.81	0.27	0.45	0.43		0.27	-0.16	0.43	0.03	0.23	0.45	-0.06	0.52
Total Liab	0.98	0.99	0.71	0.94	0.78	0.71	0.99	0.35	0.37	0.97	0.59	0.38	0.95	0.6	1.0	-0.16	0.65	0.27		0.52	0.88	0.85	0.88	0.77	0.78	0.59
Property Plant And Equipment Gross	0.56	0.49	0.81	0.6	0.81	0.95	0.48	0.72	0.36	0.55	-0.07	0.45	0.67	0.15	0.5	-0.42	0.52	-0.16	0.52		0.6	0.64	0.27	0.16	0.78	0.63
Total Current Assets	0.88	0.86	0.69	0.89	0.84	0.74	0.84	0.27	0.61	0.85	0.6	0.61	0.91	0.69	0.86	0.14	0.61	0.43	0.88	0.6		0.77	0.69	0.74	0.78	0.7
Short Term Debt	0.85	0.83	0.62	0.88	0.86	0.8	0.82	0.61	0.51	0.85	0.52	0.49	0.85	0.28	0.83	-0.32	0.57	0.03	0.85	0.64	0.77		0.7	0.76	0.74	0.55
Intangible Assets	0.86	0.9	0.55	0.81	0.64	0.45	0.9	0.28	0.25	0.87	0.69	0.21	0.79	0.39	0.88	-0.09	0.39	0.23	0.88	0.27	0.69	0.7		0.78	0.52	0.43
Current Deferred Revenue	0.76	0.76	0.31	0.79	0.63	0.35	0.74	0.13	0.49	0.74	0.93	0.43	0.71	0.47	0.76	0.08	0.41	0.45	0.77	0.16	0.74	0.76	0.78		0.43	0.46
Accounts Payable	0.86	0.75	0.85	0.84	0.86	0.88	0.74	0.64	0.31	0.86	0.21	0.39	0.9	0.39	0.76	-0.29	0.52	-0.06	0.78	0.78	0.78	0.74	0.52	0.43		0.4
Common Stock Total Equity	0.52	0.56	0.57	0.59	0.62	0.66	0.55	0.11	0.41	0.48	0.28	0.4	0.59	0.59	0.58	-0.04	0.76	0.52	0.59	0.63	0.7	0.55	0.43	0.46	0.4

Click cells to compare fundamentals

Encompass Health Account Relationship Matchups

Encompass Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.1B	6.4B	6.9B	5.6B	6.1B	3.8B
Short Long Term Debt Total	3.3B	3.5B	3.5B	3.0B	2.9B	2.2B
Other Current Liab	303.8M	218.3M	219.7M	309.2M	437.5M	297.6M
Total Current Liabilities	721M	717.3M	748.8M	575.9M	656.4M	514.9M
Total Stockholder Equity	1.4B	1.6B	1.9B	1.3B	1.6B	1.7B
Property Plant And Equipment Net	2.2B	2.5B	2.8B	3.2B	3.5B	3.7B
Net Debt	3.3B	3.3B	3.5B	3.0B	2.8B	2.1B
Retained Earnings	(526.5M)	(242.3M)	141.8M	115.7M	406.5M	426.8M
Cash	94.8M	224M	54.8M	21.8M	104.2M	120.5M
Non Current Assets Total	5.3B	5.5B	5.9B	4.9B	5.3B	3.0B
Non Currrent Assets Other	213.8M	295M	254.5M	(13.3M)	82.1M	78.0M
Cash And Short Term Investments	94.8M	224M	54.8M	21.8M	141.8M	126.1M
Net Receivables	506.1M	572.8M	680.3M	536.8M	611.6M	441.3M
Liabilities And Stockholders Equity	6.1B	6.4B	6.9B	5.6B	6.1B	3.8B
Non Current Liabilities Total	3.4B	3.7B	3.7B	3.2B	3.1B	2.4B
Inventory	57.4M	65.4M	65.1M	31.6M	1.0	0.95
Other Current Assets	97.5M	86.4M	121.2M	127M	88.4M	127.6M
Other Stockholder Equity	1.9B	1.8B	1.8B	1.2B	1.2B	1.7B
Total Liab	4.1B	4.4B	4.5B	3.8B	3.8B	2.9B
Property Plant And Equipment Gross	2.2B	2.5B	2.8B	3.2B	5.4B	5.7B
Total Current Assets	755.8M	948.6M	921.4M	717.2M	841.8M	743.6M
Short Term Debt	79.7M	83.1M	81.2M	50.8M	48.9M	63.1M
Intangible Assets	476.3M	431.3M	417.5M	282.3M	278.2M	222.8M
Current Deferred Revenue	242.9M	300.9M	310.3M	83M	95.5M	138.4M
Accounts Payable	94.6M	115M	137.6M	132.9M	170M	86.9M
Other Liab	159.9M	266.8M	259.9M	257.2M	231.5M	172.7M
Other Assets	300.2M	542M	254.5M	222.1M	1.0	0.95
Long Term Debt	3.0B	3.3B	3.2B	2.7B	2.7B	2.0B
Treasury Stock	(427.9M)	(492.3M)	(497.4M)	(521.2M)	(469.1M)	(492.5M)
Property Plant Equipment	2.0B	2.5B	2.8B	3.2B	3.6B	3.8B
Good Will	2.3B	2.3B	2.4B	1.3B	1.3B	1.3B
Net Tangible Assets	(1.2B)	(699.1M)	(934.1M)	(235.2M)	(211.7M)	(222.3M)
Warrants	261.7M	239.6M	31.6M	42.2M	38.0M	36.1M
Noncontrolling Interest In Consolidated Entity	280.3M	340.9M	382M	445.7M	512.6M	538.2M

Pair Trading with Encompass 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 Encompass 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 Encompass Health will appreciate offsetting losses from the drop in the long position's value.

Moving against Encompass Stock

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0.76	EVOK	Evoke Pharma	Pair Corr
0.73	DVAX	Dynavax Technologies Financial Report 7th of May 2024	Pair Corr
0.71	EXAI	Exscientia ADR Upward Rally	Pair Corr

The ability to find closely correlated positions to Encompass 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 Encompass 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 Encompass 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 Encompass Health Corp to buy it.

The correlation of Encompass Health 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 Encompass Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Encompass Health Corp 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 Encompass 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 Correlation Correlation Matching

When determining whether Encompass Health Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Encompass Health'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 Encompass Health Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Encompass Health Corp Stock:

How To Invest In Encompass

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Is Encompass Stock a good investment?

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What is Encompass Health's Net Worth?

Details

Largest Health Care Providers & Services Companies

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Largest Health Care Equipment & Services Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Encompass Health Corp. 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.

Note that the Encompass Health Corp information on this page should be used as a complementary analysis to other Encompass 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 the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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When running Encompass Health's price analysis, check to measure Encompass Health'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 Encompass Health is operating at the current time. Most of Encompass Health's value examination focuses on studying past and present price action to predict the probability of Encompass Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encompass Health's price. Additionally, you may evaluate how the addition of Encompass Health to your portfolios can decrease your overall portfolio volatility.

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Is Encompass 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 Encompass Health. If investors know Encompass 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 Encompass 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

0.261

Dividend Share

0.6

Earnings Share

3.82

Revenue Per Share

49.767

Quarterly Revenue Growth

0.134

The market value of Encompass Health Corp is measured differently than its book value, which is the value of Encompass that is recorded on the company's balance sheet. Investors also form their own opinion of Encompass Health's value that differs from its market value or its book value, called intrinsic value, which is Encompass 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 Encompass Health's market value can be influenced by many factors that don't directly affect Encompass 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 Encompass Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encompass Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encompass 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.

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Encompass Inventory vs Cash And Short Term Investments Analysis

Inventory vs Cash And Short Term Investments

Inventory vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Inventory

Cash And Short Term Investments

Encompass Health fundamental ratios Correlations

Encompass Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Encompass Health fundamental ratios Accounts

Pair Trading with Encompass Health

Moving against Encompass Stock

Complementary Tools for Encompass Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Net Debt

Other Stockholder Equity	- 0.64	Retained Earnings
Inventory	- 0.58	Retained Earnings
Property Plant And Equipment Gross	- 0.42	Inventory
Common Stock Shares Outstanding	- 0.41	Retained Earnings
Inventory	- 0.39	Property Plant And Equipment Net
Inventory	- 0.35	Other Current Liab