JCET Other Liab vs Net Receivables Analysis

600584 Stock   38.46  0.09  0.23%   
JCET Group financial indicator trend analysis is infinitely more than just investigating JCET Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JCET Group is a good investment. Please check the relationship between JCET Group Other Liab and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in JCET Group Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Other Liab vs Net Receivables

Other Liab vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of JCET Group Other Liab account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between JCET Group's Other Liab and Net Receivables is 0.48. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Net Receivables in the same time period over historical financial statements of JCET Group Co, assuming nothing else is changed. The correlation between historical values of JCET Group's Other Liab and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of JCET Group Co are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Liab i.e., JCET Group's Other Liab and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.48
Relationship DirectionPositive 
Relationship StrengthWeak

Other Liab

Net Receivables

Most indicators from JCET Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JCET Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in JCET Group Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Selling General Administrative is expected to grow to about 468.5 M. The current year's Tax Provision is expected to grow to about 77.1 M
 2021 2022 2023 2024 (projected)
Gross Profit5.6B5.8B4.0B3.9B
Research Development1.2B1.3B1.4B1.0B

JCET Group fundamental ratios Correlations

-0.070.730.880.50.690.850.760.660.660.980.970.660.750.930.990.590.920.84-0.68-0.37-0.880.70.480.790.84
-0.070.28-0.340.45-0.490.2-0.30.250.160.0-0.110.310.33-0.14-0.02-0.340.03-0.350.220.320.2-0.120.13-0.32-0.09
0.730.280.410.60.040.890.350.750.440.730.690.930.930.620.780.060.790.37-0.330.21-0.670.610.820.380.75
0.88-0.340.410.10.910.630.780.440.360.850.910.310.370.930.820.830.650.99-0.83-0.65-0.90.750.220.930.79
0.50.450.60.1-0.010.530.230.490.780.480.350.640.790.290.56-0.060.710.020.070.18-0.140.140.280.070.24
0.69-0.490.040.91-0.010.330.740.240.350.650.71-0.020.090.760.610.890.460.9-0.67-0.79-0.660.5-0.160.850.52
0.850.20.890.630.530.330.40.790.520.880.860.780.890.750.870.370.790.6-0.44-0.13-0.790.720.620.640.88
0.76-0.30.350.780.230.740.40.410.490.70.690.380.360.80.730.460.720.76-0.62-0.39-0.660.510.240.720.55
0.660.250.750.440.490.240.790.410.470.640.610.690.770.650.680.240.630.38-0.13-0.12-0.510.460.380.510.62
0.660.160.440.360.780.350.520.490.470.650.520.50.710.440.710.160.80.29-0.09-0.18-0.270.070.150.290.29
0.980.00.730.850.480.650.880.70.640.650.980.620.760.920.980.560.890.82-0.7-0.37-0.880.690.50.760.85
0.97-0.110.690.910.350.710.860.690.610.520.980.560.670.950.950.640.830.89-0.77-0.44-0.940.770.490.820.89
0.660.310.930.310.64-0.020.780.380.690.50.620.560.90.50.72-0.040.790.27-0.190.31-0.530.480.770.320.62
0.750.330.930.370.790.090.890.360.770.710.760.670.90.560.810.060.870.31-0.180.15-0.550.470.670.360.66
0.93-0.140.620.930.290.760.750.80.650.440.920.950.50.560.90.640.770.9-0.79-0.46-0.90.740.410.830.82
0.99-0.020.780.820.560.610.870.730.680.710.980.950.720.810.90.50.950.77-0.63-0.29-0.850.660.540.730.82
0.59-0.340.060.83-0.060.890.370.460.240.160.560.64-0.040.060.640.50.310.82-0.59-0.78-0.610.52-0.220.80.51
0.920.030.790.650.710.460.790.720.630.80.890.830.790.870.770.950.310.6-0.46-0.12-0.690.520.550.570.69
0.84-0.350.370.990.020.90.60.760.380.290.820.890.270.310.90.770.820.6-0.87-0.66-0.910.760.220.930.79
-0.680.22-0.33-0.830.07-0.67-0.44-0.62-0.13-0.09-0.7-0.77-0.19-0.18-0.79-0.63-0.59-0.46-0.870.520.85-0.68-0.34-0.66-0.66
-0.370.320.21-0.650.18-0.79-0.13-0.39-0.12-0.18-0.37-0.440.310.15-0.46-0.29-0.78-0.12-0.660.520.4-0.270.51-0.62-0.26
-0.880.2-0.67-0.9-0.14-0.66-0.79-0.66-0.51-0.27-0.88-0.94-0.53-0.55-0.9-0.85-0.61-0.69-0.910.850.4-0.89-0.56-0.84-0.95
0.7-0.120.610.750.140.50.720.510.460.070.690.770.480.470.740.660.520.520.76-0.68-0.27-0.890.50.820.94
0.480.130.820.220.28-0.160.620.240.380.150.50.490.770.670.410.54-0.220.550.22-0.340.51-0.560.50.150.61
0.79-0.320.380.930.070.850.640.720.510.290.760.820.320.360.830.730.80.570.93-0.66-0.62-0.840.820.150.83
0.84-0.090.750.790.240.520.880.550.620.290.850.890.620.660.820.820.510.690.79-0.66-0.26-0.950.940.610.83
Click cells to compare fundamentals

JCET Group Account Relationship Matchups

JCET Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets33.6B32.3B37.1B39.4B42.6B44.7B
Other Current Liab379.8M350.6M895.1M4.2M2.7M2.6M
Total Current Liabilities17.6B13.8B11.3B11.0B9.7B6.8B
Total Stockholder Equity12.6B13.4B21.0B24.6B26.1B27.4B
Other Liab506.8M550.5M574.7M438.0M503.7M339.7M
Retained Earnings353.6M1.6B4.5B7.2B8.2B8.7B
Accounts Payable5.6B5.0B5.9B5.0B5.0B2.5B
Cash2.6B2.2B2.8B2.5B7.3B7.7B
Other Assets386.2M270.4M266.5M316.6M364.1M196.8M
Long Term Debt1.6B4.0B3.8B2.7B5.8B6.1B
Net Receivables3.6B3.8B4.3B3.7B4.2B4.4B
Inventory2.7B2.9B3.2B3.2B3.2B3.4B
Other Current Assets691.3M301.5M386.7M278.9M375.3M220.8M
Total Liab20.9B18.9B16.1B14.8B16.4B9.6B
Property Plant Equipment19.6B19.5B18.7B19.7B22.7B23.8B
Intangible Assets586.7M526.5M446.8M482.6M662.6M695.8M
Net Tangible Assets9.4B9.8B10.8B18.5B21.3B22.4B
Good Will2.2B2.1B2.0B2.2B2.2B1.8B
Other Stockholder Equity181.9M428.9M(83.0M)(280.6M)(252.5M)(239.9M)
Deferred Long Term Liab772.9K1.3M344.0K74.7K67.3K63.9K
Short Long Term Debt9.1B5.3B2.2B1.2B1.7B3.1B
Total Current Assets9.6B9.4B13.4B14.1B17.6B12.0B
Non Current Assets Total24.0B22.9B23.7B25.3B25.0B25.9B
Non Currrent Assets Other934.9K704.5K799.8K60.7M48.3M33.2M
Non Current Liabilities Total3.3B5.1B4.8B3.7B6.7B4.7B
Non Current Liabilities Other28.9M1.6B592.5M54.8M41.3M39.2M
Net Debt8.1B7.0B3.2B1.4B147.6M140.2M
Net Invested Capital23.3B22.7B26.9B28.5B33.5B27.8B
Net Working Capital(8.1B)(4.4B)2.1B3.1B7.9B8.3B

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Other Information on Investing in JCET Stock

Balance Sheet is a snapshot of the financial position of JCET Group at a specified time, usually calculated after every quarter, six months, or one year. JCET Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of JCET Group and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which JCET currently owns. An asset can also be divided into two categories, current and non-current.