JHX Stock | | | USD 37.15 0.51 1.39% |
James Hardie financial indicator trend analysis is infinitely more than just investigating James Hardie Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether James Hardie Industries is a good investment. Please check the relationship between James Hardie Accounts Payable and its Total Liab accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in James Hardie Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Accounts Payable vs Total Liab
Accounts Payable vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
James Hardie Industries Accounts Payable account and
Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between James Hardie's Accounts Payable and Total Liab is 0.63. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Liab in the same time period over historical financial statements of James Hardie Industries, assuming nothing else is changed. The correlation between historical values of James Hardie's Accounts Payable and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of James Hardie Industries are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Accounts Payable i.e., James Hardie's Accounts Payable and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents James Hardie obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of James Hardie Industries are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from James Hardie's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into James Hardie Industries 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in James Hardie Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
At this time, James Hardie's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to rise to about 420
K in 2024, whereas
Tax Provision is likely to drop slightly above 125.3
M in 2024.
James Hardie fundamental ratios Correlations
Click cells to compare fundamentals
James Hardie Account Relationship Matchups
High Positive Relationship
High Negative Relationship
James Hardie fundamental ratios Accounts
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