James Common Stock vs Current Deferred Revenue Analysis
JHX Stock | USD 31.24 0.03 0.1% |
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 Common Stock and its Current Deferred Revenue 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.
Common Stock vs Current Deferred Revenue
Common Stock vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of James Hardie Industries Common Stock account and Current Deferred Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between James Hardie's Common Stock and Current Deferred Revenue is -0.23. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Current Deferred Revenue 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 Common Stock and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of James Hardie Industries are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Common Stock i.e., James Hardie's Common Stock and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Common Stock
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.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. Issuance Of Capital Stock is likely to rise to about 420 K in 2024, whereas Tax Provision is likely to drop slightly above 125.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.3B | 1.3B | 1.6B | 1.7B | Total Revenue | 3.6B | 3.8B | 3.9B | 4.1B |
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 | 4.9B | 2.6B | |
Other Current Liab | 12.1M | 154.9M | (336.5M) | 480.2M | 142.7M | 157.3M | |
Total Current Liabilities | 404.6M | 901.1M | 769.9M | 697.3M | 797.7M | 446.3M | |
Total Stockholder Equity | 1.0B | 1.1B | 1.3B | 1.6B | 1.9B | 2.0B | |
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 | 1.5B | |
Accounts Payable | 274.7M | 174M | 273.6M | 198.2M | 252M | 264.6M | |
Cash | 144.4M | 208.5M | 125M | 113M | 365M | 383.3M | |
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 | 1.1B | 574.2M | |
Good Will | 202.7M | 209.3M | 199.5M | 194.9M | 192.6M | 127.3M | |
Inventory | 305.1M | 218.3M | 279.7M | 344.2M | 337.8M | 203.3M | |
Other Current Assets | 1.5M | 1.6M | 3.2M | 42.8M | 69.8M | 73.3M | |
Total Liab | 3.0B | 3.0B | 2.9B | 2.9B | 3.1B | 2.2B | |
Intangible Assets | 166.7M | 173.9M | 162.8M | 155.2M | 149.2M | 90.7M | |
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 | 439.6M | 356.2M | |
Liabilities And Stockholders Equity | 4.0B | 4.1B | 4.2B | 4.5B | 4.9B | 2.6B | |
Short Long Term Debt Total | 1.4B | 922.6M | 955.5M | 1.1B | 1.2B | 1.3B | |
Property Plant And Equipment Net | 1.4B | 1.4B | 1.5B | 1.9B | 2.1B | 1.1B | |
Current Deferred Revenue | 103M | 563.4M | 819.2M | 376.5M | 433.0M | 454.6M | |
Net Debt | 1.3B | 714.1M | 830.5M | 1.0B | 836M | 431.6M | |
Non Current Assets Total | 3.1B | 3.1B | 3.1B | 3.4B | 3.5B | 2.0B | |
Non Currrent Assets Other | 4.7M | 3.4M | 22.7M | 34.3M | 19.3M | 18.3M | |
Cash And Short Term Investments | 207.4M | 208.5M | 125M | 113M | 365M | 383.3M | |
Net Receivables | 369.8M | 339.8M | 406.3M | 361.6M | 371.2M | 223.9M | |
Short Term Investments | 63M | 26.6M | 119.7M | 140.9M | 178.4M | 187.3M | |
Non Current Liabilities Total | 2.6B | 2.1B | 2.1B | 2.2B | 2.3B | 1.9B | |
Other Stockholder Equity | 218.5M | 224.6M | 230.4M | 237.9M | 256.5M | 269.3M | |
Total Current Assets | 908M | 943.6M | 1.1B | 1.1B | 1.4B | 735.6M | |
Accumulated Other Comprehensive Income | (62.1M) | (6.6M) | (22M) | (53.3M) | (68.3M) | (64.9M) | |
Short Term Debt | 13.4M | 14.8M | 8.8M | 18.9M | 26.5M | 43.4M | |
Property Plant And Equipment Gross | 1.4B | 1.4B | 2.7B | 3.3B | 3.6B | 3.7B | |
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 |
Also Currently Popular
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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for James Stock analysis
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.
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
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 | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |
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 (0.29) | Earnings Share 1.16 | Revenue Per Share 8.979 | Quarterly Revenue Growth 0.095 | Return On Assets 0.125 |
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.