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 Total Liab and its Property Plant And Equipment Net 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.
Total Liab vs Property Plant And Equipment Net
Total Liab vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
James Hardie Industries Total Liab account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between James Hardie's Total Liab and Property Plant And Equipment Net is 0.79. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Property Plant And Equipment Net 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 Total Liab and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of James Hardie Industries are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Liab i.e., James Hardie's Total Liab and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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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