Provident Total Assets vs Retained Earnings Analysis

PFS Stock  USD 20.96  0.30  1.45%   
Provident Financial financial indicator trend analysis is much more than just breaking down Provident Financial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Provident Financial is a good investment. Please check the relationship between Provident Financial Total Assets and its Retained Earnings accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Provident Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Total Assets vs Retained Earnings

Total Assets vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Provident Financial Total Assets account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Provident Financial's Total Assets and Retained Earnings is 0.95. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Provident Financial Services, assuming nothing else is changed. The correlation between historical values of Provident Financial's Total Assets and Retained Earnings 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 Assets of Provident Financial Services are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Assets i.e., Provident Financial's Total Assets and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Provident Financial assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Provident Financial books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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.
Most indicators from Provident Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Provident Financial 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Provident Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
At this time, Provident Financial's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 6.23 in 2024, whereas Selling General Administrative is likely to drop slightly above 104.4 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit414.2M462.3M404.0M265.5M
Total Revenue452.8M505.3M451.4M296.6M

Provident Financial fundamental ratios Correlations

0.980.670.950.820.650.510.420.850.46-0.530.23-0.360.610.340.480.130.86-0.30.540.920.820.460.910.65-0.16
0.980.650.910.80.620.60.50.920.47-0.50.19-0.20.590.430.480.210.86-0.240.550.840.740.380.960.56-0.06
0.670.650.520.550.930.12-0.040.460.42-0.85-0.44-0.440.310.050.31-0.370.5-0.180.580.570.57-0.050.60.29-0.23
0.950.910.520.810.530.340.340.730.35-0.440.28-0.430.450.260.270.10.74-0.440.420.940.890.570.780.67-0.32
0.820.80.550.810.570.330.180.670.12-0.340.18-0.610.510.110.39-0.010.78-0.520.240.830.860.740.780.87-0.46
0.650.620.930.530.570.0-0.170.380.52-0.91-0.5-0.480.23-0.050.25-0.510.55-0.250.680.520.66-0.060.530.4-0.26
0.510.60.120.340.330.00.860.820.230.180.590.410.640.640.580.750.580.190.190.320.070.160.740.160.61
0.420.5-0.040.340.18-0.170.860.690.180.270.620.480.580.870.530.930.320.230.110.250.070.170.590.020.58
0.850.920.460.730.670.380.820.690.38-0.230.350.090.690.540.590.470.85-0.030.410.670.470.330.970.450.18
0.460.470.420.350.120.520.230.180.38-0.64-0.10.110.230.30.38-0.060.480.370.980.20.26-0.250.450.110.33
-0.53-0.5-0.85-0.44-0.34-0.910.180.27-0.23-0.640.60.39-0.080.07-0.170.58-0.420.11-0.77-0.4-0.520.22-0.38-0.220.25
0.230.19-0.440.280.18-0.50.590.620.35-0.10.60.10.440.350.280.720.270.0-0.210.330.10.570.240.310.29
-0.36-0.2-0.44-0.43-0.61-0.480.410.480.090.110.390.1-0.080.440.020.57-0.230.57-0.03-0.59-0.7-0.58-0.08-0.680.81
0.610.590.310.450.510.230.640.580.690.23-0.080.44-0.080.510.930.430.660.230.240.510.380.360.680.560.15
0.340.430.050.260.11-0.050.640.870.540.30.070.350.440.510.580.780.20.350.240.130.10.030.5-0.020.52
0.480.480.310.270.390.250.580.530.590.38-0.170.280.020.930.580.380.580.380.370.30.250.20.610.460.28
0.130.21-0.370.1-0.01-0.510.750.930.47-0.060.580.720.570.430.780.380.090.26-0.190.03-0.170.210.33-0.090.57
0.860.860.50.740.780.550.580.320.850.48-0.420.27-0.230.660.20.580.09-0.140.540.730.630.430.880.73-0.02
-0.3-0.24-0.18-0.44-0.52-0.250.190.23-0.030.370.110.00.570.230.350.380.26-0.140.25-0.47-0.57-0.51-0.12-0.40.58
0.540.550.580.420.240.680.190.110.410.98-0.77-0.21-0.030.240.240.37-0.190.540.250.30.38-0.230.50.190.21
0.920.840.570.940.830.520.320.250.670.2-0.40.33-0.590.510.130.30.030.73-0.470.30.860.640.730.71-0.41
0.820.740.570.890.860.660.070.070.470.26-0.520.1-0.70.380.10.25-0.170.63-0.570.380.860.610.590.8-0.5
0.460.38-0.050.570.74-0.060.160.170.33-0.250.220.57-0.580.360.030.20.210.43-0.51-0.230.640.610.370.8-0.52
0.910.960.60.780.780.530.740.590.970.45-0.380.24-0.080.680.50.610.330.88-0.120.50.730.590.370.540.07
0.650.560.290.670.870.40.160.020.450.11-0.220.31-0.680.56-0.020.46-0.090.73-0.40.190.710.80.80.54-0.47
-0.16-0.06-0.23-0.32-0.46-0.260.610.580.180.330.250.290.810.150.520.280.57-0.020.580.21-0.41-0.5-0.520.07-0.47
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Provident Financial Account Relationship Matchups

Provident Financial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.8B12.9B13.8B13.8B14.2B8.8B
Total Stockholder Equity1.4B1.6B1.7B1.6B1.7B1.2B
Other Liab84.8M261.0M213.0M89.1M102.4M82.2M
Retained Earnings695.3M718.1M814.5M918.2M974.5M548.3M
Accounts Payable7.1B9.8B11.2B10.6B12.1B12.8B
Cash186.7M532.4M712.5M186.5M180.2M172.6M
Other Assets6.7B9.1B7.9B9.0B11.4B8.8B
Long Term Debt1.1B1.2B637.1M1.3B1.5B1.0B
Good Will420.6M443.0M444.4M443.6M510.2M380.1M
Short Term Investments976.9M1.1B2.1B1.8B14K13.3K
Inventory(235.4M)(602.7M)(789.1M)(263.9M)121.3M127.3M
Total Liab1.1B1.2B637.1M12.2B12.5B6.3B
Intangible Assets437.0M23.2M19.8M17.3M14.3M13.6M
Property Plant Equipment55.2M75.9M80.6M79.8M91.8M73.7M
Short Long Term Debt Total2.0B2.1B1.1B2.2B1.5B1.6B
Property Plant And Equipment Net55.2M75.9M80.6M79.8M71.0M75.2M
Net Debt938.4M668.8M(75.4M)1.2B1.3B995.8M
Non Current Assets Total1.9B2.1B3.0B2.7B2.6B2.2B
Non Currrent Assets Other(35.6M)(51.7M)(55.6M)(126.7M)(2.6B)(2.5B)
Cash And Short Term Investments1.2B1.6B2.8B2.0B180.3M171.2M
Net Receivables29.0M46.5M42.0M51.9M59.0M31.3M
Common Stock Shares Outstanding64.7M69.6M76.6M74.8M74.9M69.3M
Liabilities And Stockholders Equity9.8B12.9B13.8B13.8B14.2B9.0B
Non Current Liabilities Total1.1B1.2B637.1M12.2B12.5B13.1B
Other Stockholder Equity713.9M883.2M874.9M843.8M861.2M740.4M
Property Plant And Equipment Gross55.2M75.9M196.6M196.1M192.9M202.5M
Total Current Assets1.2B1.7B2.8B2.0B239.2M227.3M
Accumulated Other Comprehensive Income3.8M17.7M6.9M(165.0M)(146.0M)(138.7M)
Other Current Assets235.4M602.7M789.1M263.9M250.9M238.3M
Total Current Liabilities6.2B8.3B9.5B9.8B8.0B6.6B
Treasury Stock(268.5M)(59.0M)(79.6M)(127.2M)(146.2M)(153.5M)
Short Term Debt856.2M886.6M443.0M881.9M1.1B740.4M
Other Current Liab5.4B7.4B9.1B9.0B6.9B6.7B
Net Tangible Assets976.8M1.2B1.2B1.1B1.3B938.8M
Retained Earnings Total Equity695.3M718.1M814.5M918.2M1.1B627.8M
Long Term Debt Total1.1B1.2B637.1M1.3B1.6B1.4B
Capital Surpluse1.0B962.5M969.8M981.1M883.0M802.5M
Long Term Investments8.7B11.3B2.5B2.2B2.1B2.0B

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Additional Tools for Provident Stock Analysis

When running Provident Financial's price analysis, check to measure Provident Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Provident Financial is operating at the current time. Most of Provident Financial's value examination focuses on studying past and present price action to predict the probability of Provident Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Provident Financial's price. Additionally, you may evaluate how the addition of Provident Financial to your portfolios can decrease your overall portfolio volatility.