Cummins Retained Earnings vs Cash And Equivalents Analysis

CMI Stock

USD 377.39 2.12 0.56%

Cummins financial indicator trend analysis is way more than just evaluating Cummins prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cummins is a good investment. Please check the relationship between Cummins Retained Earnings and its Cash And Equivalents accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cummins. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.

Retained Earnings vs Cash And Equivalents

Retained Earnings vs Cash And Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cummins Retained Earnings account and Cash And Equivalents. At this time, the significance of the direction appears to have strong relationship.

The correlation between Cummins' Retained Earnings and Cash And Equivalents is 0.68. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Cummins, assuming nothing else is changed. The correlation between historical values of Cummins' Retained Earnings and Cash And Equivalents 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 Cummins are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Retained Earnings i.e., Cummins' Retained Earnings and Cash And Equivalents go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

Cash And Equivalents

Most indicators from Cummins' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cummins 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 Cummins. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.As of now, Cummins' Enterprise Value Multiple is increasing as compared to previous years. The Cummins' current Enterprise Value is estimated to increase to about 31.3 B, while Tax Provision is projected to decrease to under 536.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	5.7B	6.7B	8.2B	8.7B
Total Revenue	24.0B	28.1B	34.1B	35.8B

Gross Profit Total Revenue

Cummins fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Intangible Assets	Current Deferred Revenue
Total Assets		0.94	0.85	0.97	0.86	0.98	0.86	0.96	0.59	0.99	0.86	0.69	0.99	0.09	0.98	0.99	0.89	-0.87	0.99	0.93	0.99	0.83	0.99	0.12	0.92	0.89
Short Long Term Debt Total	0.94		0.79	0.96	0.67	0.9	0.95	0.87	0.5	0.96	0.85	0.61	0.9	-0.17	0.96	0.93	0.81	-0.8	0.97	0.96	0.91	0.93	0.95	-0.12	0.97	0.96
Other Current Liab	0.85	0.79		0.9	0.64	0.9	0.78	0.74	0.32	0.86	0.53	0.43	0.86	0.11	0.8	0.85	0.82	-0.56	0.87	0.84	0.82	0.64	0.84	-0.22	0.83	0.83
Total Current Liabilities	0.97	0.96	0.9		0.73	0.96	0.94	0.89	0.43	0.98	0.77	0.55	0.96	-0.03	0.95	0.97	0.86	-0.79	0.99	0.95	0.93	0.89	0.98	-0.09	0.97	0.93
Total Stockholder Equity	0.86	0.67	0.64	0.73		0.85	0.51	0.88	0.71	0.81	0.77	0.76	0.87	0.5	0.79	0.84	0.84	-0.77	0.76	0.69	0.9	0.53	0.8	0.54	0.62	0.55
Property Plant And Equipment Net	0.98	0.9	0.9	0.96	0.85		0.83	0.94	0.51	0.98	0.78	0.61	0.98	0.13	0.94	0.97	0.88	-0.8	0.96	0.91	0.96	0.77	0.96	0.07	0.89	0.87
Net Debt	0.86	0.95	0.78	0.94	0.51	0.83		0.78	0.21	0.9	0.72	0.34	0.83	-0.3	0.86	0.87	0.7	-0.71	0.92	0.91	0.79	0.96	0.89	-0.27	0.97	0.94
Retained Earnings	0.96	0.87	0.74	0.89	0.88	0.94	0.78		0.58	0.96	0.9	0.69	0.95	0.08	0.95	0.95	0.79	-0.96	0.93	0.87	0.95	0.75	0.95	0.28	0.82	0.83
Cash	0.59	0.5	0.32	0.43	0.71	0.51	0.21	0.58		0.5	0.69	0.98	0.53	0.31	0.63	0.51	0.6	-0.52	0.52	0.47	0.68	0.26	0.5	0.38	0.34	0.39
Non Current Assets Total	0.99	0.96	0.86	0.98	0.81	0.98	0.9	0.96	0.5		0.84	0.62	0.98	0.0	0.98	0.99	0.86	-0.87	0.99	0.94	0.96	0.86	0.99	0.05	0.95	0.92
Non Currrent Assets Other	0.86	0.85	0.53	0.77	0.77	0.78	0.72	0.9	0.69	0.84		0.78	0.8	-0.05	0.91	0.84	0.72	-0.9	0.84	0.85	0.87	0.73	0.82	0.26	0.73	0.79
Cash And Short Term Investments	0.69	0.61	0.43	0.55	0.76	0.61	0.34	0.69	0.98	0.62	0.78		0.64	0.27	0.73	0.62	0.68	-0.62	0.63	0.59	0.77	0.37	0.61	0.35	0.46	0.51
Net Receivables	0.99	0.9	0.86	0.96	0.87	0.98	0.83	0.95	0.53	0.98	0.8	0.64		0.18	0.94	0.99	0.88	-0.85	0.97	0.9	0.98	0.8	0.98	0.17	0.9	0.84
Common Stock Shares Outstanding	0.09	-0.17	0.11	-0.03	0.5	0.13	-0.3	0.08	0.31	0.0	-0.05	0.27	0.18		-0.06	0.09	0.35	0.07	-0.04	-0.1	0.19	-0.24	0.02	0.65	-0.15	-0.32
Non Current Liabilities Total	0.98	0.96	0.8	0.95	0.79	0.94	0.86	0.95	0.63	0.98	0.91	0.73	0.94	-0.06		0.96	0.83	-0.88	0.98	0.94	0.97	0.83	0.96	0.05	0.91	0.93
Inventory	0.99	0.93	0.85	0.97	0.84	0.97	0.87	0.95	0.51	0.99	0.84	0.62	0.99	0.09	0.96		0.88	-0.86	0.98	0.94	0.97	0.85	0.99	0.12	0.92	0.88
Other Current Assets	0.89	0.81	0.82	0.86	0.84	0.88	0.7	0.79	0.6	0.86	0.72	0.68	0.88	0.35	0.83	0.88		-0.62	0.86	0.83	0.91	0.7	0.84	0.11	0.8	0.71
Other Stockholder Equity	-0.87	-0.8	-0.56	-0.79	-0.77	-0.8	-0.71	-0.96	-0.52	-0.87	-0.9	-0.62	-0.85	0.07	-0.88	-0.86	-0.62		-0.84	-0.77	-0.85	-0.72	-0.87	-0.35	-0.73	-0.75
Total Liab	0.99	0.97	0.87	0.99	0.76	0.96	0.92	0.93	0.52	0.99	0.84	0.63	0.97	-0.04	0.98	0.98	0.86	-0.84		0.96	0.96	0.87	0.99	-0.03	0.96	0.94
Property Plant And Equipment Gross	0.93	0.96	0.84	0.95	0.69	0.91	0.91	0.87	0.47	0.94	0.85	0.59	0.9	-0.1	0.94	0.94	0.83	-0.77	0.96		0.91	0.85	0.93	-0.12	0.92	0.95
Total Current Assets	0.99	0.91	0.82	0.93	0.9	0.96	0.79	0.95	0.68	0.96	0.87	0.77	0.98	0.19	0.97	0.97	0.91	-0.85	0.96	0.91		0.77	0.96	0.2	0.86	0.83
Short Term Debt	0.83	0.93	0.64	0.89	0.53	0.77	0.96	0.75	0.26	0.86	0.73	0.37	0.8	-0.24	0.83	0.85	0.7	-0.72	0.87	0.85	0.77		0.87	-0.12	0.95	0.84
Accounts Payable	0.99	0.95	0.84	0.98	0.8	0.96	0.89	0.95	0.5	0.99	0.82	0.61	0.98	0.02	0.96	0.99	0.84	-0.87	0.99	0.93	0.96	0.87		0.08	0.94	0.9
Common Stock	0.12	-0.12	-0.22	-0.09	0.54	0.07	-0.27	0.28	0.38	0.05	0.26	0.35	0.17	0.65	0.05	0.12	0.11	-0.35	-0.03	-0.12	0.2	-0.12	0.08		-0.17	-0.29
Intangible Assets	0.92	0.97	0.83	0.97	0.62	0.89	0.97	0.82	0.34	0.95	0.73	0.46	0.9	-0.15	0.91	0.92	0.8	-0.73	0.96	0.92	0.86	0.95	0.94	-0.17		0.92
Current Deferred Revenue	0.89	0.96	0.83	0.93	0.55	0.87	0.94	0.83	0.39	0.92	0.79	0.51	0.84	-0.32	0.93	0.88	0.71	-0.75	0.94	0.95	0.83	0.84	0.9	-0.29	0.92

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Cummins Account Relationship Matchups

Cummins fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.7B	22.6B	23.7B	30.3B	32.0B	33.6B
Short Long Term Debt Total	2.4B	4.2B	4.2B	7.9B	7.2B	7.6B
Other Current Liab	2.4B	1.8B	2.2B	2.3B	4.9B	5.1B
Total Current Liabilities	6.3B	6.3B	7.1B	11.4B	12.9B	13.5B
Total Stockholder Equity	7.5B	8.1B	8.5B	9.0B	8.9B	9.3B
Property Plant And Equipment Net	4.2B	4.3B	4.4B	5.5B	6.8B	7.1B
Net Debt	1.2B	763M	1.6B	5.8B	5.0B	5.3B
Retained Earnings	14.4B	15.4B	16.7B	18.0B	17.9B	18.7B
Cash	1.1B	3.4B	2.6B	2.1B	2.2B	2.3B
Non Current Assets Total	10.4B	10.7B	11.4B	15.8B	16.8B	17.6B
Non Currrent Assets Other	1.6B	2.3B	2.8B	2.9B	2.2B	2.3B
Cash And Short Term Investments	1.5B	3.9B	3.2B	2.6B	2.7B	2.9B
Net Receivables	3.7B	3.8B	4.0B	5.2B	5.6B	5.9B
Common Stock Shares Outstanding	156.1M	149M	145.9M	142.3M	142.7M	170.0M
Liabilities And Stockholders Equity	19.7B	22.6B	23.7B	30.3B	32.0B	33.6B
Non Current Liabilities Total	5.0B	7.3B	7.2B	8.7B	9.2B	9.7B
Inventory	3.5B	3.4B	4.4B	5.6B	5.7B	6.0B
Other Current Assets	761M	790M	777M	1.1B	1.2B	1.3B
Other Stockholder Equity	(7.2B)	(7.8B)	(9.1B)	(9.4B)	(7.4B)	(7.0B)
Total Liab	11.3B	13.6B	14.3B	20.1B	22.1B	23.2B
Property Plant And Equipment Gross	4.2B	4.7B	9.8B	11.0B	12.2B	12.8B
Total Current Assets	9.4B	11.9B	12.3B	14.5B	15.2B	16.0B
Accumulated Other Comprehensive Income	(2.0B)	(2.0B)	(1.6B)	(1.9B)	(2.2B)	(2.1B)
Short Term Debt	791M	682M	708M	3.5B	2.0B	2.1B
Accounts Payable	2.5B	2.8B	3.0B	4.3B	4.3B	4.5B
Common Stock	2.3B	2.4B	2.4B	2.2B	556M	1.1B
Intangible Assets	1.0B	963M	900M	2.7B	2.5B	2.6B
Current Deferred Revenue	533M	691M	855M	1.0B	1.2B	1.3B
Common Stock Total Equity	2.3B	2.4B	2.4B	2.2B	2.6B	1.3B
Good Will	1.3B	1.3B	1.3B	2.3B	2.5B	2.6B
Other Liab	3.1B	3.3B	3.6B	3.6B	4.2B	2.1B
Other Assets	2.1B	2.3B	3.3B	3.0B	3.5B	3.7B
Treasury Stock	(7.2B)	(7.8B)	(9.1B)	(9.4B)	(8.5B)	(8.0B)
Property Plant Equipment	4.2B	4.3B	4.4B	5.5B	6.3B	6.7B
Short Term Investments	341M	461M	595M	472M	562M	590.1M
Net Tangible Assets	5.2B	5.8B	6.3B	4.2B	4.8B	6.0B
Noncontrolling Interest In Consolidated Entity	911M	958M	927M	992M	1.1B	648.2M
Retained Earnings Total Equity	14.4B	15.4B	16.7B	18.0B	20.7B	11.8B

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

How To Invest In Cummins

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Is Cummins Stock a good investment?

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What is Cummins' Net Worth?

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Largest Construction Machinery & Heavy Transportation Equipment Companies

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Largest Specialty Industrial Machinery Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cummins. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.

You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Is Construction Machinery & Heavy Transportation Equipment space 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 Cummins. If investors know Cummins 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 Cummins 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

0.277

Dividend Share

6.86

Earnings Share

15.03

Revenue Per Share

245.499

Quarterly Revenue Growth

0.003

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

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Cummins Retained Earnings vs Cash And Equivalents Analysis

Retained Earnings vs Cash And Equivalents

Retained Earnings vs Cash And Equivalents Correlation Analysis

Correlation Coefficient

Retained Earnings

Cash And Equivalents

Cummins fundamental ratios Correlations

Cummins Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cummins fundamental ratios Accounts

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Non Current Assets Total	+ 0.99	Total Assets
Net Receivables	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets

Other Stockholder Equity	- 0.96	Retained Earnings
Other Stockholder Equity	- 0.9	Non Currrent Assets Other
Other Stockholder Equity	- 0.88	Non Current Liabilities Total
Accounts Payable	- 0.87	Other Stockholder Equity
Other Stockholder Equity	- 0.87	Non Current Assets Total
Other Stockholder Equity	- 0.87	Total Assets