Kelly Intangible Assets vs Good Will Analysis

KELYA Stock

USD 23.72 0.36 1.54%

Kelly Services financial indicator trend analysis is infinitely more than just investigating Kelly Services A recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kelly Services A is a good investment. Please check the relationship between Kelly Services Intangible Assets and its Good Will accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kelly Services A. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

Intangible Assets vs Good Will

Intangible Assets vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kelly Services A Intangible Assets account and Good Will. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Kelly Services' Intangible Assets and Good Will is 0.51. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Good Will in the same time period over historical financial statements of Kelly Services A, assuming nothing else is changed. The correlation between historical values of Kelly Services' Intangible Assets and Good Will 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 Kelly Services A are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Intangible Assets i.e., Kelly Services' Intangible Assets and Good Will go up and down completely randomly.

Correlation Coefficient

0.51

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.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Kelly Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kelly Services A 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kelly Services A. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

At present, Kelly Services' Enterprise Value Over EBITDA is projected to drop slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 10.24, whereas Selling General Administrative is forecasted to decline to about 831.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	2.5M	2.1M	3.2M	6.1M
Depreciation And Amortization	51M	51.9M	50.1M	32.8M

Interest Expense Depreciation And Amortization

Kelly Services fundamental ratios Correlations

	Total Assets	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	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Accounts Payable	Non Current Liabilities Total	Short Long Term Debt Total	Common Stock Total Equity	Intangible Assets	Common Stock	Good Will	Short Term Debt
Total Assets		0.61	0.97	0.99	0.63	-0.1	0.98	0.33	0.87	0.67	0.33	0.96	0.4	0.58	0.12	0.99	0.74	0.97	0.81	0.92	0.25	0.03	0.3	0.03	0.33	-0.41
Other Current Liab	0.61		0.69	0.54	0.71	0.18	0.49	0.15	0.43	0.67	0.14	0.78	0.33	0.69	-0.21	0.67	0.23	0.67	0.33	0.53	0.37	0.41	-0.27	0.41	0.08	0.16
Total Current Liabilities	0.97	0.69		0.93	0.61	-0.06	0.92	0.34	0.78	0.62	0.34	0.98	0.35	0.62	-0.03	0.99	0.74	0.99	0.77	0.83	0.32	0.03	0.27	0.04	0.38	-0.26
Total Stockholder Equity	0.99	0.54	0.93		0.6	-0.11	0.99	0.27	0.9	0.67	0.26	0.94	0.38	0.56	0.18	0.96	0.72	0.94	0.84	0.91	0.16	-0.02	0.33	-0.02	0.36	-0.52
Property Plant And Equipment Net	0.63	0.71	0.61	0.6		-0.15	0.6	0.43	0.71	0.39	0.43	0.67	-0.12	0.64	-0.18	0.65	0.52	0.65	0.64	0.68	0.58	-0.16	0.21	-0.16	0.06	-0.12
Net Debt	-0.1	0.18	-0.06	-0.11	-0.15		-0.12	-0.77	-0.15	0.1	-0.77	0.01	0.19	0.19	-0.18	-0.09	-0.31	-0.13	-0.31	-0.2	0.08	0.36	-0.46	0.36	0.26	0.51
Retained Earnings	0.98	0.49	0.92	0.99	0.6	-0.12		0.3	0.9	0.6	0.3	0.91	0.35	0.56	0.19	0.95	0.76	0.93	0.85	0.9	0.21	-0.06	0.39	-0.06	0.37	-0.52
Cash	0.33	0.15	0.34	0.27	0.43	-0.77	0.3		0.22	-0.01	1.0	0.24	-0.03	0.1	0.03	0.38	0.55	0.41	0.33	0.44	0.52	-0.18	0.46	-0.18	-0.28	-0.08
Non Current Assets Total	0.87	0.43	0.78	0.9	0.71	-0.15	0.9	0.22		0.57	0.22	0.79	0.11	0.46	0.23	0.83	0.74	0.78	0.93	0.87	0.18	-0.26	0.48	-0.26	0.38	-0.62
Non Currrent Assets Other	0.67	0.67	0.62	0.67	0.39	0.1	0.6	-0.01	0.57		-0.01	0.73	0.67	0.44	0.43	0.66	0.2	0.57	0.41	0.66	-0.06	0.51	-0.13	0.51	0.05	-0.3
Cash And Short Term Investments	0.33	0.14	0.34	0.26	0.43	-0.77	0.3	1.0	0.22	-0.01		0.24	-0.03	0.1	0.03	0.38	0.55	0.41	0.33	0.44	0.52	-0.18	0.46	-0.18	-0.28	-0.08
Net Receivables	0.96	0.78	0.98	0.94	0.67	0.01	0.91	0.24	0.79	0.73	0.24		0.39	0.68	0.02	0.97	0.63	0.96	0.75	0.82	0.26	0.13	0.16	0.13	0.35	-0.28
Common Stock Shares Outstanding	0.4	0.33	0.35	0.38	-0.12	0.19	0.35	-0.03	0.11	0.67	-0.03	0.39		0.08	0.52	0.4	-0.05	0.3	-0.1	0.44	-0.15	0.85	-0.39	0.85	-0.28	-0.03
Other Current Assets	0.58	0.69	0.62	0.56	0.64	0.19	0.56	0.1	0.46	0.44	0.1	0.68	0.08		-0.28	0.58	0.3	0.64	0.42	0.43	0.38	0.04	0.02	0.04	0.31	0.03
Other Stockholder Equity	0.12	-0.21	-0.03	0.18	-0.18	-0.18	0.19	0.03	0.23	0.43	0.03	0.02	0.52	-0.28		0.06	0.04	-0.07	0.14	0.26	-0.28	0.27	0.24	0.27	-0.13	-0.49
Total Liab	0.99	0.67	0.99	0.96	0.65	-0.09	0.95	0.38	0.83	0.66	0.38	0.97	0.4	0.58	0.06		0.75	0.98	0.77	0.91	0.33	0.07	0.27	0.07	0.29	-0.31
Property Plant And Equipment Gross	0.74	0.23	0.74	0.72	0.52	-0.31	0.76	0.55	0.74	0.2	0.55	0.63	-0.05	0.3	0.04	0.75		0.74	0.82	0.72	0.47	-0.41	0.76	-0.41	0.46	-0.35
Total Current Assets	0.97	0.67	0.99	0.94	0.65	-0.13	0.93	0.41	0.78	0.57	0.41	0.96	0.3	0.64	-0.07	0.98	0.74		0.78	0.84	0.34	-0.02	0.29	-0.02	0.34	-0.29
Accounts Payable	0.81	0.33	0.77	0.84	0.64	-0.31	0.85	0.33	0.93	0.41	0.33	0.75	-0.1	0.42	0.14	0.77	0.82	0.78		0.73	0.18	-0.48	0.68	-0.48	0.53	-0.64
Non Current Liabilities Total	0.92	0.53	0.83	0.91	0.68	-0.2	0.9	0.44	0.87	0.66	0.44	0.82	0.44	0.43	0.26	0.91	0.72	0.84	0.73		0.32	0.08	0.28	0.08	0.05	-0.41
Short Long Term Debt Total	0.25	0.37	0.32	0.16	0.58	0.08	0.21	0.52	0.18	-0.06	0.52	0.26	-0.15	0.38	-0.28	0.33	0.47	0.34	0.18	0.32		-0.1	0.26	-0.1	-0.03	0.52
Common Stock Total Equity	0.03	0.41	0.03	-0.02	-0.16	0.36	-0.06	-0.18	-0.26	0.51	-0.18	0.13	0.85	0.04	0.27	0.07	-0.41	-0.02	-0.48	0.08	-0.1		-0.72	1.0	-0.45	0.35
Intangible Assets	0.3	-0.27	0.27	0.33	0.21	-0.46	0.39	0.46	0.48	-0.13	0.46	0.16	-0.39	0.02	0.24	0.27	0.76	0.29	0.68	0.28	0.26	-0.72		-0.72	0.51	-0.48
Common Stock	0.03	0.41	0.04	-0.02	-0.16	0.36	-0.06	-0.18	-0.26	0.51	-0.18	0.13	0.85	0.04	0.27	0.07	-0.41	-0.02	-0.48	0.08	-0.1	1.0	-0.72		-0.45	0.35
Good Will	0.33	0.08	0.38	0.36	0.06	0.26	0.37	-0.28	0.38	0.05	-0.28	0.35	-0.28	0.31	-0.13	0.29	0.46	0.34	0.53	0.05	-0.03	-0.45	0.51	-0.45		-0.26
Short Term Debt	-0.41	0.16	-0.26	-0.52	-0.12	0.51	-0.52	-0.08	-0.62	-0.3	-0.08	-0.28	-0.03	0.03	-0.49	-0.31	-0.35	-0.29	-0.64	-0.41	0.52	0.35	-0.48	0.35	-0.26

Click cells to compare fundamentals

Kelly Services Account Relationship Matchups

Kelly Services fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	2.6B	2.9B	2.7B	2.6B	1.4B
Other Current Liab	358.5M	368.9M	390.5M	390.1M	169.9M	251.1M
Total Current Liabilities	884.1M	925.6M	1.1B	1.1B	1.0B	563.1M
Total Stockholder Equity	1.3B	1.2B	1.3B	1.3B	1.3B	742.1M
Property Plant And Equipment Net	103.5M	124.2M	111.1M	94.6M	71.6M	117.4M
Net Debt	39.5M	(135.6M)	(33.8M)	(83.3M)	(74.5M)	(78.2M)
Retained Earnings	1.2B	1.2B	1.3B	1.2B	1.2B	720.9M
Cash	25.8M	223M	112.7M	153.7M	125.8M	86.3M
Non Current Assets Total	1.1B	1.0B	1.3B	948.6M	955M	1.0B
Non Currrent Assets Other	324.1M	319.9M	389.1M	367.5M	18.4M	17.5M
Cash And Short Term Investments	25.8M	223M	112.7M	153.7M	125.8M	86.7M
Net Receivables	1.3B	1.3B	1.4B	1.5B	1.2B	799.9M
Common Stock Shares Outstanding	39.2M	39.3M	39.5M	38.1M	36.3M	30.6M
Liabilities And Stockholders Equity	2.5B	2.6B	2.9B	2.7B	2.6B	1.4B
Other Current Assets	76.5M	61.4M	52.8M	69.9M	48.9M	55.1M
Other Stockholder Equity	1.6M	4.2M	8.8M	7.9M	(26.7M)	(25.4M)
Total Liab	1.2B	1.4B	1.6B	1.4B	1.3B	705.0M
Property Plant And Equipment Gross	103.5M	124.2M	205.1M	166.8M	185.1M	125.4M
Total Current Assets	1.4B	1.5B	1.6B	1.7B	1.6B	974.4M
Accumulated Other Comprehensive Income	(15.8M)	(4.2M)	(27.7M)	(8.5M)	200K	190K
Accounts Payable	503.6M	536.8M	687.2M	723.3M	646.1M	678.4M
Non Current Liabilities Total	332M	433.3M	462.8M	280.8M	308M	175.9M
Short Long Term Debt Total	65.3M	87.4M	78.9M	70.4M	51.3M	63.1M
Intangible Assets	49.9M	55.6M	122M	172.4M	150.8M	158.3M
Good Will	127.8M	3.5M	114.8M	151.1M	136.0M	129.2M
Short Term Debt	22M	19.9M	17.5M	15.4M	8.4M	8.0M
Other Assets	723M	601.9M	691.9M	524.1M	602.7M	306.2M
Treasury Stock	(20.9M)	(17.1M)	(15.1M)	(20.1M)	(23.1M)	(24.3M)
Property Plant Equipment	43.1M	41M	111.1M	27.8M	25.0M	23.8M
Other Liab	286.6M	365.8M	401.4M	225.8M	259.7M	212.6M
Retained Earnings Total Equity	1.2B	1.2B	1.3B	1.2B	1.4B	1.0B
Deferred Long Term Liab	187.4M	205.8M	220M	174.1M	200.2M	166.2M
Net Tangible Assets	1.1B	1.2B	1.2B	1.1B	1.3B	1.1B
Capital Surpluse	22.5M	21.3M	23.9M	28M	25.2M	20.7M
Non Current Liabilities Other	144.6M	227.5M	86.8M	106.7M	6.8M	6.5M
Accumulated Depreciation	(182.7M)	(181.3M)	(169.8M)	(139M)	(159.9M)	(167.8M)

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 Kelly Services 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, Kelly Services' short interest history, or implied volatility extrapolated from Kelly Services options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

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

How To Invest In Kelly

Details

Is Kelly Stock a good investment?

Details

What is Kelly Services' Net Worth?

Details

Largest Human Resource & Employment Services Companies

View

Largest Commercial & Professional Services Companies

View

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kelly Services A. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Kelly Stock analysis

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

	FinTech Suite Use AI to screen and filter profitable investment opportunities
	Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format
	Stocks Directory Find actively traded stocks across global markets
	Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk
	Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
	Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios
	Equity Valuation Check real value of public entities based on technical and fundamental data
	Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings
	Insider Screener Find insiders across different sectors to evaluate their impact on performance
	Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
	Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
	Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets

Is Kelly Services' 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 Kelly Services. If investors know Kelly 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 Kelly Services 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

2.445

Dividend Share

0.3

Earnings Share

0.98

Revenue Per Share

134.699

Quarterly Revenue Growth

(0)

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Kelly Intangible Assets vs Good Will Analysis

Intangible Assets vs Good Will

Intangible Assets vs Good Will Correlation Analysis

Correlation Coefficient

Intangible Assets

Good Will

Kelly Services fundamental ratios Correlations

Kelly Services Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kelly Services fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Kelly Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Current Liabilities

Cash And Short Term Investments	- 0.77	Net Debt
Cash	- 0.77	Net Debt
Common Stock	- 0.72	Intangible Assets
Intangible Assets	- 0.72	Common Stock Total Equity
Short Term Debt	- 0.64	Accounts Payable
Short Term Debt	- 0.62	Non Current Assets Total