James Retained Earnings vs Net Debt Analysis
JHX Stock | USD 36.76 0.55 1.47% |
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 Retained Earnings and its Net Debt 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.
Retained Earnings vs Net Debt
Retained Earnings vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of James Hardie Industries Retained Earnings account and Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between James Hardie's Retained Earnings and Net Debt is 0.76. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Debt 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 Retained Earnings and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of James Hardie Industries are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Retained Earnings i.e., James Hardie's Retained Earnings and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.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
Click cells to compare fundamentals
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 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether James Hardie Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of James Hardie'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 James Hardie Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on James Hardie Industries Stock: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. 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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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.