James Accounts Payable vs Capital Surpluse Analysis
JHX Stock | USD 37.31 0.28 0.76% |
James Hardie financial indicator trend analysis is infinitely more than just investigating James Hardie Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether James Hardie Industries is a good investment. Please check the relationship between James Hardie Accounts Payable and its Capital Surpluse accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in James Hardie Industries. 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.
Accounts Payable vs Capital Surpluse
Accounts Payable vs Capital Surpluse Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of James Hardie Industries Accounts Payable account and Capital Surpluse. At this time, the significance of the direction appears to have strong relationship.
The correlation between James Hardie's Accounts Payable and Capital Surpluse is 0.79. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of James Hardie Industries, assuming nothing else is changed. The correlation between historical values of James Hardie's Accounts Payable and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of James Hardie Industries are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Accounts Payable i.e., James Hardie's Accounts Payable and Capital Surpluse go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents James Hardie obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of James Hardie Industries are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Capital Surpluse
Most indicators from James Hardie's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into James Hardie Industries 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in James Hardie Industries. 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 this time, James Hardie's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 255.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 132 K in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.3B | 1.3B | 1.5B | 1.6B | Total Revenue | 3.6B | 3.8B | 4.3B | 4.6B |
James Hardie fundamental ratios Correlations
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James Hardie Account Relationship Matchups
High Positive Relationship
High Negative Relationship
James Hardie fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.0B | 4.1B | 4.2B | 4.5B | 5.2B | 5.4B | |
Other Current Liab | 12.1M | 154.9M | (336.5M) | 480.2M | 552.2M | 579.8M | |
Total Current Liabilities | 404.6M | 901.1M | 769.9M | 697.3M | 801.9M | 428.3M | |
Total Stockholder Equity | 1.0B | 1.1B | 1.3B | 1.6B | 1.9B | 1.9B | |
Other Liab | 1.1B | 1.2B | 1.2B | 1.0B | 1.2B | 1.2B | |
Retained Earnings | 654.1M | 611.4M | 892.4M | 1.2B | 1.4B | 1.4B | |
Accounts Payable | 274.7M | 174M | 273.6M | 198.2M | 227.9M | 119.3M | |
Cash | 144.4M | 208.5M | 125M | 113M | 130.0M | 111.1M | |
Other Assets | 1.4B | 1.3B | 1.2B | 1.2B | 1.3B | 1.4B | |
Long Term Debt | 1.4B | 858.6M | 877.3M | 1.1B | 1.2B | 1.3B | |
Good Will | 202.7M | 209.3M | 199.5M | 194.9M | 224.1M | 118.9M | |
Inventory | 305.1M | 218.3M | 279.7M | 344.2M | 395.8M | 415.6M | |
Other Current Assets | 1.5M | 1.6M | 3.2M | 42.8M | 38.5M | 40.4M | |
Total Liab | 3.0B | 3.0B | 2.9B | 2.9B | 3.3B | 2.1B | |
Intangible Assets | 166.7M | 173.9M | 162.8M | 155.2M | 178.5M | 187.4M | |
Property Plant Equipment | 1.4B | 1.4B | 1.5B | 1.9B | 2.2B | 2.3B | |
Common Stock Shares Outstanding | 444.1M | 445.4M | 445.9M | 445.6M | 401.0M | 356.4M | |
Liabilities And Stockholders Equity | 4.0B | 4.1B | 4.2B | 4.5B | 5.2B | 5.4B | |
Short Long Term Debt Total | 1.4B | 922.6M | 955.5M | 1.1B | 1.3B | 1.4B | |
Property Plant And Equipment Net | 1.4B | 1.4B | 1.5B | 1.9B | 2.2B | 2.3B | |
Current Deferred Revenue | 29M | 103M | 563.4M | 819.2M | 942.1M | 989.2M | |
Net Debt | 1.3B | 714.1M | 830.5M | 1.0B | 1.2B | 1.2B | |
Non Current Assets Total | 3.1B | 3.1B | 3.1B | 3.4B | 3.9B | 4.1B | |
Non Currrent Assets Other | 4.7M | 3.4M | 22.7M | 34.3M | 30.9M | 29.3M | |
Cash And Short Term Investments | 207.4M | 208.5M | 125M | 113M | 130.0M | 137.6M | |
Net Receivables | 369.8M | 339.8M | 406.3M | 361.6M | 415.8M | 215.5M | |
Short Term Investments | 63M | 26.6M | 119.7M | 140.9M | 162.0M | 170.1M | |
Non Current Liabilities Total | 2.6B | 2.1B | 2.1B | 2.2B | 2.5B | 1.9B | |
Other Stockholder Equity | 218.5M | 224.6M | 230.4M | 237.9M | 273.6M | 287.3M | |
Total Current Assets | 908M | 943.6M | 1.1B | 1.1B | 1.2B | 697.6M | |
Accumulated Other Comprehensive Income | (62.1M) | (6.6M) | (22M) | (53.3M) | (48.0M) | (45.6M) | |
Short Term Debt | 13.4M | 14.8M | 8.8M | 18.9M | 17.0M | 16.2M | |
Property Plant And Equipment Gross | 1.4B | 1.4B | 2.7B | 3.3B | 3.7B | 3.9B | |
Net Tangible Assets | 671.7M | 677.6M | 970.6M | 1.3B | 1.5B | 1.5B | |
Long Term Debt Total | 1.4B | 1.4B | 860.5M | 878.8M | 1.0B | 1.1B |
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 James Hardie 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, James Hardie's short interest history, or implied volatility extrapolated from James Hardie options trading.
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in James Hardie Industries. 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 James Hardie Industries information on this page should be used as a complementary analysis to other James Hardie'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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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When running James Hardie's price analysis, check to measure James Hardie'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 James Hardie is operating at the current time. Most of James Hardie's value examination focuses on studying past and present price action to predict the probability of James Hardie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move James Hardie's price. Additionally, you may evaluate how the addition of James Hardie to your portfolios can decrease your overall portfolio volatility.
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Is James Hardie'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 James Hardie. If investors know James 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 James Hardie 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 0.5 | Earnings Share 1.21 | Revenue Per Share 8.736 | Quarterly Revenue Growth 0.137 | Return On Assets 0.1225 |
The market value of James Hardie Industries is measured differently than its book value, which is the value of James that is recorded on the company's balance sheet. Investors also form their own opinion of James Hardie's value that differs from its market value or its book value, called intrinsic value, which is James Hardie'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 James Hardie's market value can be influenced by many factors that don't directly affect James Hardie'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 James Hardie's value and its price as these two are different measures arrived at by different means. Investors typically determine if James Hardie is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, James Hardie'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.