JCET Retained Earnings vs Short Term Investments 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 Retained Earnings and its Short Term Investments 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.

Retained Earnings vs Short Term Investments

Retained Earnings vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of JCET Group Retained Earnings account and Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between JCET Group's Retained Earnings and Short Term Investments is 0.89. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Term Investments 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 Retained Earnings and Short Term Investments 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 JCET Group Co are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Retained Earnings i.e., JCET Group's Retained Earnings and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

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.

Short Term Investments

Short Term Investments is an item under the current assets section of JCET Group balance sheet. It contains any investments JCET Group Co undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that JCET Group can easily liquidate in the marketplace.
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
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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

Currently Active Assets on Macroaxis

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.