Provident Cash vs Non Current Assets Total Analysis

PFS Stock

USD 13.29 0.07 0.52%

Provident Financial financial indicator trend analysis is much more than just breaking down Provident Financial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Provident Financial is a good investment. Please check the relationship between Provident Financial Cash and its Non Current Assets Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Provident Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Cash vs Non Current Assets Total

Cash vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Provident Financial Cash account and Non Current Assets Total. At this time, the significance of the direction appears to have no relationship.

The correlation between Provident Financial's Cash and Non Current Assets Total is 0.02. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Provident Financial Services, assuming nothing else is changed. The correlation between historical values of Provident Financial's Cash and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Provident Financial Services are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Cash i.e., Provident Financial's Cash and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.02

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Cash

Cash refers to the most liquid asset of Provident Financial, which is listed under current asset account on Provident Financial Services balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Provident Financial customers. The amounts must be unrestricted with restricted cash listed in a different Provident Financial account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most indicators from Provident Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Provident Financial 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Provident Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

At this time, Provident Financial's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 1,120 in 2024, whereas Tax Provision is likely to drop slightly above 47.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	414.2M	462.3M	648.3M	680.7M
Total Revenue	452.8M	505.3M	695.6M	730.4M

Gross Profit Total Revenue

Provident Financial fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Short Term Investments	Inventory	Total Liab	Intangible Assets	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.98	0.67	0.95	0.82	0.65	0.48	0.42	0.85	0.76	-0.53	0.23	-0.16	0.61	0.49	0.48	0.22	0.32	-0.23	0.46	0.92	0.82	0.5	0.91	0.65	-0.16
Total Stockholder Equity	0.98		0.65	0.91	0.8	0.62	0.57	0.5	0.92	0.75	-0.5	0.19	-0.02	0.59	0.54	0.48	0.28	0.3	-0.18	0.47	0.84	0.74	0.4	0.96	0.56	-0.06
Other Liab	0.67	0.65		0.52	0.55	0.93	0.12	-0.04	0.46	0.43	-0.85	-0.44	-0.51	0.31	-0.03	0.31	-0.34	0.02	-0.23	0.54	0.57	0.57	-0.05	0.6	0.29	-0.23
Retained Earnings	0.95	0.91	0.52		0.81	0.53	0.3	0.34	0.73	0.73	-0.44	0.28	-0.17	0.45	0.45	0.27	0.22	0.39	-0.36	0.33	0.94	0.89	0.59	0.78	0.67	-0.32
Accounts Payable	0.82	0.8	0.55	0.81		0.57	0.29	0.18	0.67	0.83	-0.34	0.18	-0.19	0.51	0.32	0.39	0.1	0.72	-0.28	0.12	0.83	0.86	0.55	0.78	0.87	-0.46
Cash	0.65	0.62	0.93	0.53	0.57		0.01	-0.17	0.38	0.52	-0.91	-0.5	-0.57	0.23	-0.17	0.25	-0.48	0.02	-0.32	0.63	0.52	0.66	-0.05	0.53	0.4	-0.26
Other Assets	0.48	0.57	0.12	0.3	0.29	0.01		0.86	0.8	0.37	0.16	0.55	0.56	0.62	0.81	0.59	0.73	0.12	0.29	0.2	0.27	0.04	0.11	0.72	0.11	0.66
Long Term Debt	0.42	0.5	-0.04	0.34	0.18	-0.17	0.86		0.69	0.24	0.27	0.62	0.59	0.58	0.96	0.53	0.91	0.07	0.29	0.09	0.25	0.07	0.23	0.59	0.02	0.58
Good Will	0.85	0.92	0.46	0.73	0.67	0.38	0.8	0.69		0.66	-0.23	0.35	0.3	0.69	0.71	0.59	0.52	0.31	0.07	0.34	0.67	0.47	0.31	0.97	0.45	0.18
Short Term Investments	0.76	0.75	0.43	0.73	0.83	0.52	0.37	0.24	0.66		-0.34	0.23	-0.13	0.55	0.31	0.48	0.11	0.5	0.04	0.44	0.67	0.73	0.5	0.74	0.8	-0.19
Inventory	-0.53	-0.5	-0.85	-0.44	-0.34	-0.91	0.16	0.27	-0.23	-0.34		0.6	0.7	-0.08	0.34	-0.17	0.6	0.29	0.3	-0.76	-0.4	-0.52	0.01	-0.38	-0.22	0.25
Total Liab	0.23	0.19	-0.44	0.28	0.18	-0.5	0.55	0.62	0.35	0.23	0.6		0.41	0.44	0.7	0.28	0.79	0.34	0.16	-0.25	0.33	0.1	0.6	0.24	0.31	0.29
Intangible Assets	-0.16	-0.02	-0.51	-0.17	-0.19	-0.57	0.56	0.59	0.3	-0.13	0.7	0.41		0.16	0.61	0.06	0.74	0.19	0.38	-0.41	-0.27	-0.44	-0.27	0.11	-0.28	0.51
Property Plant Equipment	0.61	0.59	0.31	0.45	0.51	0.23	0.62	0.58	0.69	0.55	-0.08	0.44	0.16		0.63	0.93	0.49	0.34	0.41	0.18	0.51	0.38	0.3	0.68	0.56	0.16
Short Long Term Debt Total	0.49	0.54	-0.03	0.45	0.32	-0.17	0.81	0.96	0.71	0.31	0.34	0.7	0.61	0.63		0.49	0.95	0.32	0.23	-0.09	0.4	0.19	0.29	0.61	0.18	0.39
Property Plant And Equipment Net	0.48	0.48	0.31	0.27	0.39	0.25	0.59	0.53	0.59	0.48	-0.17	0.28	0.06	0.93	0.49		0.36	0.13	0.48	0.33	0.3	0.25	0.25	0.61	0.46	0.28
Net Debt	0.22	0.28	-0.34	0.22	0.1	-0.48	0.73	0.91	0.52	0.11	0.6	0.79	0.74	0.49	0.95	0.36		0.28	0.31	-0.28	0.18	-0.05	0.27	0.37	0.02	0.44
Non Current Assets Total	0.32	0.3	0.02	0.39	0.72	0.02	0.12	0.07	0.31	0.5	0.29	0.34	0.19	0.34	0.32	0.13	0.28		-0.11	-0.54	0.48	0.47	0.36	0.32	0.7	-0.51
Non Currrent Assets Other	-0.23	-0.18	-0.23	-0.36	-0.28	-0.32	0.29	0.29	0.07	0.04	0.3	0.16	0.38	0.41	0.23	0.48	0.31	-0.11		0.05	-0.34	-0.46	-0.19	-0.02	-0.14	0.41
Cash And Short Term Investments	0.46	0.47	0.54	0.33	0.12	0.63	0.2	0.09	0.34	0.44	-0.76	-0.25	-0.41	0.18	-0.09	0.33	-0.28	-0.54	0.05		0.2	0.28	0.06	0.42	0.07	0.27
Net Receivables	0.92	0.84	0.57	0.94	0.83	0.52	0.27	0.25	0.67	0.67	-0.4	0.33	-0.27	0.51	0.4	0.3	0.18	0.48	-0.34	0.2		0.86	0.62	0.73	0.71	-0.41
Common Stock Shares Outstanding	0.82	0.74	0.57	0.89	0.86	0.66	0.04	0.07	0.47	0.73	-0.52	0.1	-0.44	0.38	0.19	0.25	-0.05	0.47	-0.46	0.28	0.86		0.56	0.59	0.8	-0.5
Non Current Liabilities Total	0.5	0.4	-0.05	0.59	0.55	-0.05	0.11	0.23	0.31	0.5	0.01	0.6	-0.27	0.3	0.29	0.25	0.27	0.36	-0.19	0.06	0.62	0.56		0.37	0.66	-0.32
Other Stockholder Equity	0.91	0.96	0.6	0.78	0.78	0.53	0.72	0.59	0.97	0.74	-0.38	0.24	0.11	0.68	0.61	0.61	0.37	0.32	-0.02	0.42	0.73	0.59	0.37		0.54	0.07
Property Plant And Equipment Gross	0.65	0.56	0.29	0.67	0.87	0.4	0.11	0.02	0.45	0.8	-0.22	0.31	-0.28	0.56	0.18	0.46	0.02	0.7	-0.14	0.07	0.71	0.8	0.66	0.54		-0.47
Total Current Assets	-0.16	-0.06	-0.23	-0.32	-0.46	-0.26	0.66	0.58	0.18	-0.19	0.25	0.29	0.51	0.16	0.39	0.28	0.44	-0.51	0.41	0.27	-0.41	-0.5	-0.32	0.07	-0.47

Click cells to compare fundamentals

Provident Financial Account Relationship Matchups

Provident Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.8B	12.9B	13.8B	13.8B	14.2B	8.8B
Total Stockholder Equity	1.4B	1.6B	1.7B	1.6B	1.7B	1.2B
Other Liab	84.8M	261.0M	213.0M	89.1M	102.4M	82.2M
Retained Earnings	695.3M	718.1M	814.5M	918.2M	974.5M	548.3M
Accounts Payable	7.1B	9.8B	11.2B	10.6B	12.1B	12.8B
Cash	186.7M	532.4M	712.5M	186.5M	180.3M	172.6M
Other Assets	6.7B	9.1B	7.9B	9.0B	10.4B	8.7B
Long Term Debt	1.1B	1.2B	637.1M	1.3B	1.5B	1.0B
Good Will	420.6M	443.0M	444.4M	443.6M	510.2M	380.1M
Short Term Investments	976.9M	1.1B	2.1B	1.8B	1.7B	1.8B
Inventory	(235.4M)	(602.7M)	(789.1M)	(263.9M)	121.3M	127.3M
Total Liab	1.1B	1.2B	637.1M	12.2B	12.5B	6.3B
Intangible Assets	437.0M	23.2M	19.8M	17.3M	457.9M	318.1M
Property Plant Equipment	55.2M	75.9M	80.6M	79.8M	91.8M	73.7M
Short Long Term Debt Total	1.1B	1.2B	637.1M	1.3B	2.0B	1.2B
Property Plant And Equipment Net	55.2M	75.9M	80.6M	79.8M	71.0M	75.2M
Net Debt	938.4M	668.8M	(75.4M)	1.2B	1.8B	1.0B
Non Current Assets Total	1.9B	2.1B	3.0B	2.7B	14.0B	14.7B
Non Currrent Assets Other	(35.6M)	(51.7M)	(55.6M)	(126.7M)	530.8M	900.4M
Cash And Short Term Investments	1.2B	1.6B	2.8B	2.0B	(180.2M)	(171.2M)
Net Receivables	29.0M	46.5M	42.0M	51.9M	59.0M	31.3M
Common Stock Shares Outstanding	64.7M	69.6M	76.6M	74.8M	74.9M	69.3M
Liabilities And Stockholders Equity	9.8B	12.9B	13.8B	13.8B	14.2B	9.0B
Non Current Liabilities Total	1.1B	1.2B	637.1M	12.2B	4.5B	4.7B
Other Stockholder Equity	713.9M	883.2M	874.9M	843.8M	861.2M	740.4M
Property Plant And Equipment Gross	55.2M	75.9M	196.6M	196.1M	192.9M	202.5M
Total Current Assets	1.2B	1.7B	2.8B	2.0B	250.9M	238.3M
Accumulated Other Comprehensive Income	3.8M	17.7M	6.9M	(165.0M)	(146.0M)	(138.7M)
Other Current Assets	235.4M	602.7M	789.1M	263.9M	250.9M	238.3M
Total Current Liabilities	6.2B	8.3B	9.5B	9.8B	8.0B	6.6B
Treasury Stock	(268.5M)	(59.0M)	(79.6M)	(127.2M)	(146.2M)	(153.5M)
Short Term Debt	856.2M	886.6M	443.0M	881.9M	1.1B	740.4M
Other Current Liab	5.4B	7.4B	9.1B	9.0B	6.9B	6.7B
Net Tangible Assets	976.8M	1.2B	1.2B	1.1B	1.3B	938.8M
Retained Earnings Total Equity	695.3M	718.1M	814.5M	918.2M	1.1B	627.8M
Long Term Debt Total	1.1B	1.2B	637.1M	1.3B	1.6B	1.4B
Capital Surpluse	1.0B	962.5M	969.8M	981.1M	883.0M	802.5M
Long Term Investments	8.7B	11.3B	2.5B	2.2B	2.1B	2.0B

Pair Trading with Provident Financial

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 Provident Financial 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 Provident Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with Provident Stock

0.83

Axos Financial Fiscal Year End 25th of July 2024

Pair Corr

Moving against Provident Stock

0.41	ECBK	ECB Bancorp	Pair Corr
0.37	VBNK	VersaBank Normal Trading	Pair Corr

The ability to find closely correlated positions to Provident Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Provident Financial 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 Provident Financial - 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 Provident Financial Services to buy it.

The correlation of Provident Financial 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 Provident Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Provident Financial 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 Provident Financial 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

Additional Tools for Provident Stock Analysis

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

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