Textron Retained Earnings vs Inventory Analysis

TXT Stock

USD 85.63 0.55 0.65%

Textron financial indicator trend analysis is much more than just breaking down Textron prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Textron is a good investment. Please check the relationship between Textron Retained Earnings and its Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Textron. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy Textron Stock please use our How to Invest in Textron guide.

Retained Earnings vs Inventory

Retained Earnings vs Inventory Correlation Analysis

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

The correlation between Textron's Retained Earnings and Inventory is 0.88. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Inventory in the same time period over historical financial statements of Textron, assuming nothing else is changed. The correlation between historical values of Textron's Retained Earnings and Inventory 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 Textron are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Retained Earnings i.e., Textron's Retained Earnings and Inventory go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

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.

Inventory

Most indicators from Textron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Textron 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Textron. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy Textron Stock please use our How to Invest in Textron guide.Selling General Administrative is likely to gain to about 1.4 B in 2024, despite the fact that Discontinued Operations is likely to grow to (855 K).

	2021	2022	2023	2024 (projected)
Gross Profit	2.1B	2.1B	2.3B	2.1B
Total Revenue	12.4B	12.9B	13.7B	11.8B

Gross Profit Total Revenue

Textron 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	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock	Good Will
Total Assets		0.81	0.16	0.88	0.75	0.89	0.17	0.86	0.75	0.9	0.24	0.75	0.6	-0.59	0.74	0.74	0.0	0.89	0.85	0.96	0.3	-0.11	0.56	0.57	0.78	0.71
Short Long Term Debt Total	0.81		-0.17	0.63	0.72	0.63	0.34	0.77	0.72	0.56	-0.12	0.72	0.62	-0.69	0.4	0.58	-0.44	0.81	0.48	0.85	0.32	-0.11	0.3	0.67	0.38	0.84
Other Current Liab	0.16	-0.17		0.09	-0.31	0.01	-0.51	-0.24	0.2	0.18	0.5	0.2	0.23	0.32	0.52	-0.26	0.57	0.06	0.36	-0.02	0.14	0.09	0.13	0.04	0.43	-0.4
Total Current Liabilities	0.88	0.63	0.09		0.69	0.9	0.26	0.83	0.51	0.87	0.23	0.51	0.63	-0.45	0.62	0.87	-0.04	0.7	0.84	0.88	0.34	-0.2	0.76	0.33	0.77	0.65
Total Stockholder Equity	0.75	0.72	-0.31	0.69		0.77	0.13	0.93	0.66	0.69	-0.1	0.66	0.38	-0.83	0.19	0.76	-0.35	0.84	0.43	0.87	0.02	-0.42	0.41	0.59	0.37	0.87
Property Plant And Equipment Net	0.89	0.63	0.01	0.9	0.77		0.26	0.91	0.48	0.93	0.1	0.48	0.49	-0.43	0.65	0.92	0.0	0.76	0.84	0.87	0.13	-0.19	0.7	0.24	0.84	0.71
Net Debt	0.17	0.34	-0.51	0.26	0.13	0.26		0.25	-0.23	0.1	-0.33	-0.23	0.4	-0.11	0.08	0.44	-0.23	0.14	0.16	0.23	0.09	0.39	0.26	-0.13	0.04	0.5
Retained Earnings	0.86	0.77	-0.24	0.83	0.93	0.91	0.25		0.64	0.81	-0.08	0.64	0.42	-0.72	0.41	0.88	-0.23	0.85	0.64	0.94	0.22	-0.35	0.56	0.44	0.59	0.86
Cash	0.75	0.72	0.2	0.51	0.66	0.48	-0.23	0.64		0.51	0.14	1.0	0.34	-0.79	0.41	0.27	-0.05	0.78	0.44	0.78	0.44	-0.39	0.08	0.79	0.34	0.54
Non Current Assets Total	0.9	0.56	0.18	0.87	0.69	0.93	0.1	0.81	0.51		0.41	0.51	0.4	-0.35	0.8	0.78	0.21	0.7	0.93	0.82	0.09	-0.01	0.58	0.31	0.89	0.53
Non Currrent Assets Other	0.24	-0.12	0.5	0.23	-0.1	0.1	-0.33	-0.08	0.14	0.41		0.14	0.02	0.19	0.55	-0.07	0.54	-0.1	0.49	0.07	-0.13	0.27	-0.08	0.17	0.43	-0.35
Cash And Short Term Investments	0.75	0.72	0.2	0.51	0.66	0.48	-0.23	0.64	1.0	0.51	0.14		0.34	-0.79	0.41	0.27	-0.05	0.78	0.44	0.78	0.44	-0.39	0.08	0.79	0.34	0.54
Net Receivables	0.6	0.62	0.23	0.63	0.38	0.49	0.4	0.42	0.34	0.4	0.02	0.34		-0.29	0.35	0.5	-0.33	0.55	0.45	0.61	0.17	-0.04	0.53	0.39	0.41	0.59
Common Stock Shares Outstanding	-0.59	-0.69	0.32	-0.45	-0.83	-0.43	-0.11	-0.72	-0.79	-0.35	0.19	-0.79	-0.29		0.01	-0.39	0.33	-0.77	-0.16	-0.74	-0.27	0.47	-0.13	-0.77	-0.01	-0.78
Non Current Liabilities Total	0.74	0.4	0.52	0.62	0.19	0.65	0.08	0.41	0.41	0.8	0.55	0.41	0.35	0.01		0.41	0.53	0.46	0.93	0.56	0.26	0.33	0.37	0.14	0.89	0.15
Inventory	0.74	0.58	-0.26	0.87	0.76	0.92	0.44	0.88	0.27	0.78	-0.07	0.27	0.5	-0.39	0.41		-0.26	0.63	0.67	0.79	0.11	-0.2	0.76	0.11	0.67	0.74
Other Current Assets	0.0	-0.44	0.57	-0.04	-0.35	0.0	-0.23	-0.23	-0.05	0.21	0.54	-0.05	-0.33	0.33	0.53	-0.26		-0.14	0.38	-0.15	0.1	0.41	-0.08	-0.29	0.34	-0.51
Other Stockholder Equity	0.89	0.81	0.06	0.7	0.84	0.76	0.14	0.85	0.78	0.7	-0.1	0.78	0.55	-0.77	0.46	0.63	-0.14		0.58	0.92	0.25	-0.24	0.51	0.65	0.52	0.82
Total Liab	0.85	0.48	0.36	0.84	0.43	0.84	0.16	0.64	0.44	0.93	0.49	0.44	0.45	-0.16	0.93	0.67	0.38	0.58		0.73	0.27	0.15	0.58	0.17	0.94	0.36
Total Current Assets	0.96	0.85	-0.02	0.88	0.87	0.87	0.23	0.94	0.78	0.82	0.07	0.78	0.61	-0.74	0.56	0.79	-0.15	0.92	0.73		0.33	-0.25	0.54	0.6	0.64	0.83
Short Term Debt	0.3	0.32	0.14	0.34	0.02	0.13	0.09	0.22	0.44	0.09	-0.13	0.44	0.17	-0.27	0.26	0.11	0.1	0.25	0.27	0.33		-0.17	0.24	0.07	0.18	0.11
Intangible Assets	-0.11	-0.11	0.09	-0.2	-0.42	-0.19	0.39	-0.35	-0.39	-0.01	0.27	-0.39	-0.04	0.47	0.33	-0.2	0.41	-0.24	0.15	-0.25	-0.17		-0.17	-0.27	0.05	-0.28
Accounts Payable	0.56	0.3	0.13	0.76	0.41	0.7	0.26	0.56	0.08	0.58	-0.08	0.08	0.53	-0.13	0.37	0.76	-0.08	0.51	0.58	0.54	0.24	-0.17		-0.05	0.64	0.44
Property Plant And Equipment Gross	0.57	0.67	0.04	0.33	0.59	0.24	-0.13	0.44	0.79	0.31	0.17	0.79	0.39	-0.77	0.14	0.11	-0.29	0.65	0.17	0.6	0.07	-0.27	-0.05		0.05	0.54
Common Stock	0.78	0.38	0.43	0.77	0.37	0.84	0.04	0.59	0.34	0.89	0.43	0.34	0.41	-0.01	0.89	0.67	0.34	0.52	0.94	0.64	0.18	0.05	0.64	0.05		0.27
Good Will	0.71	0.84	-0.4	0.65	0.87	0.71	0.5	0.86	0.54	0.53	-0.35	0.54	0.59	-0.78	0.15	0.74	-0.51	0.82	0.36	0.83	0.11	-0.28	0.44	0.54	0.27

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Textron Account Relationship Matchups

Textron fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.0B	15.4B	15.8B	16.3B	16.9B	17.0B
Short Long Term Debt Total	3.1B	3.7B	3.9B	3.6B	3.9B	4.5B
Other Current Liab	1.2B	1.2B	1.2B	1.2B	1.4B	1.7B
Total Current Liabilities	3.8B	3.3B	3.1B	3.7B	4.4B	3.3B
Total Stockholder Equity	5.5B	5.8B	6.8B	7.1B	7.0B	4.1B
Property Plant And Equipment Net	2.5B	2.5B	2.5B	2.5B	2.5B	2.1B
Net Debt	1.9B	1.6B	1.3B	1.2B	1.7B	1.6B
Retained Earnings	5.7B	6.0B	5.9B	5.9B	5.9B	4.4B
Cash	1.2B	2.1B	1.9B	2.0B	2.2B	2.3B
Non Current Assets Total	8.0B	8.0B	8.6B	8.9B	8.5B	6.9B
Non Currrent Assets Other	2.3B	2.2B	3.2B	3.3B	3.7B	2.8B
Cash And Short Term Investments	1.2B	2.1B	1.9B	2.0B	2.2B	2.3B
Net Receivables	921M	787M	838M	855M	1.4B	1.3B
Common Stock Shares Outstanding	232.7M	229.0M	226.5M	215.0M	201.8M	238.8M
Liabilities And Stockholders Equity	15.0B	15.4B	15.8B	16.3B	16.9B	17.0B
Non Current Liabilities Total	5.7B	6.3B	5.9B	5.5B	5.5B	6.9B
Inventory	4.1B	3.5B	3.5B	3.6B	3.9B	2.5B
Other Current Assets	1.8B	1.8B	1.0B	1.0B	929M	882.6M
Other Stockholder Equity	1.7B	1.6B	1.7B	1.8B	1.7B	1.8B
Total Liab	9.5B	9.6B	9.0B	9.2B	9.9B	9.3B
Total Current Assets	7.1B	7.4B	7.2B	7.4B	8.4B	7.3B
Short Term Debt	561M	556M	6M	7M	412M	593.2M
Intangible Assets	589M	489M	438M	461M	399M	745.4M
Accounts Payable	1.4B	776M	786M	1.0B	1.0B	958.1M
Property Plant And Equipment Gross	2.5B	2.5B	7.4B	7.6B	7.7B	8.1B
Accumulated Other Comprehensive Income	(1.8B)	(1.7B)	(789M)	(612M)	(644M)	(676.2M)
Good Will	2.2B	2.2B	2.1B	2.3B	2.3B	2.1B
Current Deferred Revenue	715M	758M	1.1B	1.4B	1.6B	1.7B
Other Liab	2.1B	2.3B	2.0B	1.6B	1.4B	1.9B
Other Assets	2.0B	2.4B	3.0B	4.1B	4.7B	4.9B
Long Term Debt	3.2B	3.2B	3.9B	3.6B	3.5B	3.5B
Treasury Stock	(20M)	(203M)	(157M)	(84M)	(96.6M)	(101.4M)
Property Plant Equipment	2.5B	2.5B	2.5B	2.5B	2.9B	2.4B
Net Tangible Assets	3.4B	3.7B	4.7B	4.8B	5.6B	4.4B
Retained Earnings Total Equity	5.7B	6.0B	5.9B	5.9B	6.8B	4.7B
Long Term Debt Total	2.6B	3.2B	3.9B	3.6B	4.2B	3.7B
Non Current Liabilities Other	2.3B	2.5B	2.7B	2.3B	2.0B	2.0B
Capital Surpluse	1.7B	1.8B	1.9B	1.9B	2.2B	1.7B

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