Comfort Cash And Short Term Investments vs Net Receivables Analysis

FIX Stock

USD 486.65 17.47 3.47%

Comfort Systems financial indicator trend analysis is way more than just evaluating Comfort Systems USA prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Comfort Systems USA is a good investment. Please check the relationship between Comfort Systems Cash And Short Term Investments and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Comfort Systems USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Cash And Short Term Investments vs Net Receivables

Cash And Short Term Investments vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Comfort Systems USA Cash And Short Term Investments account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Comfort Systems' Cash And Short Term Investments and Net Receivables is 0.88. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Comfort Systems USA, assuming nothing else is changed. The correlation between historical values of Comfort Systems' Cash And Short Term Investments 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 Cash And Short Term Investments of Comfort Systems USA 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 Cash And Short Term Investments i.e., Comfort Systems' Cash And Short Term Investments and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Comfort Systems USA balance sheet. This account contains Comfort Systems investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Comfort Systems USA fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Net Receivables

Most indicators from Comfort Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Comfort Systems USA 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Comfort Systems USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Comfort Systems' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 62.4 M in 2024, despite the fact that Discontinued Operations is likely to grow to (12.8 K).

	2021	2022	2023	2024 (projected)
Gross Profit	563.2M	741.6M	990.5M	1.0B
Total Revenue	3.1B	4.1B	5.2B	5.5B

Gross Profit Total Revenue

Comfort Systems 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	Accounts Payable	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	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.66	0.61	0.99	1.0	0.94	0.5	1.0	0.99	0.84	0.98	0.37	0.84	0.99	0.29	0.8	0.92	0.2	-0.69	1.0	0.99	0.99	0.88	0.88	0.76	0.76
Short Long Term Debt Total	0.66		0.51	0.53	0.61	0.58	0.96	0.63	0.59	0.26	0.76	0.33	0.26	0.6	0.09	0.95	0.36	-0.04	-0.69	0.68	0.64	0.55	0.78	0.8	0.23	0.23
Other Current Liab	0.61	0.51		0.56	0.6	0.33	0.44	0.61	0.62	0.23	0.66	0.74	0.23	0.59	0.15	0.63	0.46	0.28	-0.63	0.62	0.59	0.56	0.63	0.58	0.22	0.22
Total Current Liabilities	0.99	0.53	0.56		0.99	0.95	0.35	0.99	0.99	0.91	0.94	0.3	0.91	1.0	0.32	0.69	0.97	0.21	-0.63	0.98	0.98	1.0	0.83	0.81	0.84	0.84
Total Stockholder Equity	1.0	0.61	0.6	0.99		0.94	0.45	1.0	0.99	0.86	0.97	0.36	0.86	0.99	0.28	0.76	0.94	0.21	-0.67	0.99	0.99	0.99	0.86	0.87	0.78	0.78
Property Plant And Equipment Net	0.94	0.58	0.33	0.95	0.94		0.41	0.93	0.93	0.92	0.89	0.04	0.92	0.95	0.3	0.68	0.92	0.03	-0.57	0.93	0.94	0.95	0.81	0.78	0.85	0.85
Net Debt	0.5	0.96	0.44	0.35	0.45	0.41		0.46	0.42	0.05	0.62	0.32	0.05	0.43	0.04	0.9	0.17	-0.16	-0.57	0.53	0.48	0.37	0.68	0.71	-0.03	-0.03
Retained Earnings	1.0	0.63	0.61	0.99	1.0	0.93	0.46		0.98	0.84	0.98	0.37	0.84	0.99	0.23	0.78	0.93	0.19	-0.69	0.99	0.99	0.98	0.86	0.89	0.77	0.77
Accounts Payable	0.99	0.59	0.62	0.99	0.99	0.93	0.42	0.98		0.86	0.96	0.34	0.86	1.0	0.37	0.74	0.94	0.21	-0.61	0.99	0.98	0.99	0.85	0.82	0.79	0.79
Cash	0.84	0.26	0.23	0.91	0.86	0.92	0.05	0.84	0.86		0.74	0.0	1.0	0.88	0.31	0.4	0.95	0.17	-0.42	0.83	0.85	0.91	0.62	0.6	0.94	0.94
Non Current Assets Total	0.98	0.76	0.66	0.94	0.97	0.89	0.62	0.98	0.96	0.74		0.46	0.74	0.96	0.24	0.89	0.85	0.19	-0.75	0.99	0.97	0.94	0.9	0.94	0.65	0.65
Non Currrent Assets Other	0.37	0.33	0.74	0.3	0.36	0.04	0.32	0.37	0.34	0.0	0.46		0.0	0.31	0.08	0.5	0.16	0.58	-0.43	0.37	0.3	0.28	0.38	0.44	-0.06	-0.06
Cash And Short Term Investments	0.84	0.26	0.23	0.91	0.86	0.92	0.05	0.84	0.86	1.0	0.74	0.0		0.88	0.31	0.4	0.95	0.17	-0.42	0.83	0.85	0.91	0.62	0.6	0.94	0.94
Net Receivables	0.99	0.6	0.59	1.0	0.99	0.95	0.43	0.99	1.0	0.88	0.96	0.31	0.88		0.33	0.74	0.95	0.18	-0.64	0.99	0.99	1.0	0.86	0.83	0.81	0.81
Common Stock Shares Outstanding	0.29	0.09	0.15	0.32	0.28	0.3	0.04	0.23	0.37	0.31	0.24	0.08	0.31	0.33		0.17	0.23	0.33	0.23	0.29	0.24	0.34	0.18	-0.08	0.27	0.27
Non Current Liabilities Total	0.8	0.95	0.63	0.69	0.76	0.68	0.9	0.78	0.74	0.4	0.89	0.5	0.4	0.74	0.17		0.53	0.09	-0.73	0.82	0.78	0.71	0.85	0.9	0.31	0.31
Inventory	0.92	0.36	0.46	0.97	0.94	0.92	0.17	0.93	0.94	0.95	0.85	0.16	0.95	0.95	0.23	0.53		0.18	-0.57	0.91	0.94	0.96	0.7	0.73	0.9	0.9
Other Current Assets	0.2	-0.04	0.28	0.21	0.21	0.03	-0.16	0.19	0.21	0.17	0.19	0.58	0.17	0.18	0.33	0.09	0.18		-0.14	0.19	0.14	0.2	-0.02	0.06	0.26	0.25
Other Stockholder Equity	-0.69	-0.69	-0.63	-0.63	-0.67	-0.57	-0.57	-0.69	-0.61	-0.42	-0.75	-0.43	-0.42	-0.64	0.23	-0.73	-0.57	-0.14		-0.7	-0.71	-0.62	-0.73	-0.82	-0.44	-0.44
Total Liab	1.0	0.68	0.62	0.98	0.99	0.93	0.53	0.99	0.99	0.83	0.99	0.37	0.83	0.99	0.29	0.82	0.91	0.19	-0.7		0.99	0.98	0.89	0.89	0.75	0.75
Property Plant And Equipment Gross	0.99	0.64	0.59	0.98	0.99	0.94	0.48	0.99	0.98	0.85	0.97	0.3	0.85	0.99	0.24	0.78	0.94	0.14	-0.71	0.99		0.98	0.85	0.88	0.77	0.78
Total Current Assets	0.99	0.55	0.56	1.0	0.99	0.95	0.37	0.98	0.99	0.91	0.94	0.28	0.91	1.0	0.34	0.71	0.96	0.2	-0.62	0.98	0.98		0.84	0.81	0.84	0.84
Short Term Debt	0.88	0.78	0.63	0.83	0.86	0.81	0.68	0.86	0.85	0.62	0.9	0.38	0.62	0.86	0.18	0.85	0.7	-0.02	-0.73	0.89	0.85	0.84		0.85	0.53	0.53
Intangible Assets	0.88	0.8	0.58	0.81	0.87	0.78	0.71	0.89	0.82	0.6	0.94	0.44	0.6	0.83	-0.08	0.9	0.73	0.06	-0.82	0.89	0.88	0.81	0.85		0.5	0.5
Common Stock Total Equity	0.76	0.23	0.22	0.84	0.78	0.85	-0.03	0.77	0.79	0.94	0.65	-0.06	0.94	0.81	0.27	0.31	0.9	0.26	-0.44	0.75	0.77	0.84	0.53	0.5		1.0
Common Stock	0.76	0.23	0.22	0.84	0.78	0.85	-0.03	0.77	0.79	0.94	0.65	-0.06	0.94	0.81	0.27	0.31	0.9	0.25	-0.44	0.75	0.78	0.84	0.53	0.5	1.0

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Comfort Systems Account Relationship Matchups

Comfort Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	1.8B	2.2B	2.6B	3.3B	3.5B
Short Long Term Debt Total	312.8M	252.3M	514.8M	256.2M	256.8M	129.1M
Other Current Liab	204.5M	245.9M	235.0M	797.9M	355.8M	180.0M
Total Current Liabilities	608.0M	692.9M	836.6M	1.2B	1.7B	1.8B
Total Stockholder Equity	585.3M	696.4M	805.7M	999.9M	1.3B	1.3B
Property Plant And Equipment Net	193.9M	117.2M	253.3M	143.9M	414.3M	435.0M
Net Debt	262.1M	180.8M	456.0M	199.0M	51.6M	58.1M
Retained Earnings	368.7M	502.8M	628.8M	854.6M	1.1B	1.2B
Accounts Payable	196.2M	204.1M	254.8M	337.4M	420.0M	441.0M
Cash	50.8M	54.9M	58.8M	57.2M	205.2M	215.4M
Non Current Assets Total	714.8M	945.5M	1.2B	1.3B	1.4B	1.5B
Non Currrent Assets Other	6.6M	132.1M	8.7M	142.0M	15.2M	19.9M
Cash And Short Term Investments	50.8M	54.9M	58.8M	57.2M	205.2M	215.4M
Net Receivables	714.9M	683.8M	923.0M	1.2B	1.6B	1.7B
Common Stock Shares Outstanding	37.1M	36.7M	36.5M	36.0M	35.9M	40.9M
Liabilities And Stockholders Equity	1.5B	1.8B	2.2B	2.6B	3.3B	3.5B
Non Current Liabilities Total	311.7M	368.0M	566.9M	426.8M	306.5M	321.9M
Inventory	10.1M	13.5M	21.9M	35.3M	65.5M	68.8M
Other Current Assets	14.4M	73.2M	23.7M	48.5M	54.3M	33.5M
Other Stockholder Equity	216.2M	193.2M	176.5M	144.9M	129.8M	223.0M
Total Liab	919.7M	1.1B	1.4B	1.6B	2.0B	2.1B
Property Plant And Equipment Gross	193.9M	211.9M	418.1M	464.2M	631.2M	662.8M
Total Current Assets	790.2M	811.9M	1.0B	1.3B	1.9B	2.0B
Short Term Debt	34.8M	16.6M	21.8M	30.2M	29.3M	30.8M
Intangible Assets	160.0M	231.8M	304.8M	273.9M	280.4M	294.4M
Other Liab	33.7M	51.7M	74.0M	67.8M	77.9M	81.8M
Other Assets	28.5M	132.1M	31.6M	129.5M	148.9M	156.4M
Long Term Debt	205.3M	235.7M	385.2M	247.2M	39.3M	37.4M
Good Will	332.4M	464.4M	592.1M	611.8M	666.8M	700.2M
Treasury Stock	(104.0M)	(129.2M)	(150.6M)	(187.2M)	(168.5M)	(160.1M)
Property Plant Equipment	109.8M	117.2M	128.6M	143.9M	165.5M	173.8M
Current Deferred Revenue	172.4M	226.2M	321.1M	461.8M	909.5M	955.0M
Net Tangible Assets	92.9M	230K	(91.2M)	114.2M	102.8M	83.8M
Retained Earnings Total Equity	368.7M	502.8M	628.8M	854.6M	982.8M	1.0B
Capital Surpluse	320.2M	322.5M	327.1M	332.1M	381.9M	352.3M

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Comfort Cash And Short Term Investments vs Net Receivables Analysis

Cash And Short Term Investments vs Net Receivables

Cash And Short Term Investments vs Net Receivables Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Net Receivables

Comfort Systems fundamental ratios Correlations

Comfort Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Comfort Systems fundamental ratios Accounts

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Additional Tools for Comfort Stock Analysis

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Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity

Intangible Assets	- 0.82	Other Stockholder Equity
Other Stockholder Equity	- 0.75	Non Current Assets Total
Short Term Debt	- 0.73	Other Stockholder Equity
Other Stockholder Equity	- 0.73	Non Current Liabilities Total
Property Plant And Equipment Gross	- 0.71	Other Stockholder Equity
Total Liab	- 0.7	Other Stockholder Equity