JIN Other Stockholder Equity vs Inventory Analysis
ZJYL Stock | 0.91 0.07 7.14% |
JIN MEDICAL financial indicator trend analysis is infinitely more than just investigating JIN MEDICAL INTERNATIONAL recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JIN MEDICAL INTERNATIONAL is a good investment. Please check the relationship between JIN MEDICAL Other Stockholder Equity and its Inventory accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in JIN MEDICAL INTERNATIONAL. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
Other Stockholder Equity vs Inventory
Other Stockholder Equity vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of JIN MEDICAL INTERNATIONAL Other Stockholder Equity account and Inventory. At this time, the significance of the direction appears to have pay attention.
The correlation between JIN MEDICAL's Other Stockholder Equity and Inventory is -0.74. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Inventory in the same time period over historical financial statements of JIN MEDICAL INTERNATIONAL, assuming nothing else is changed. The correlation between historical values of JIN MEDICAL's Other Stockholder Equity 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 Other Stockholder Equity of JIN MEDICAL INTERNATIONAL 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 Other Stockholder Equity i.e., JIN MEDICAL's Other Stockholder Equity and Inventory go up and down completely randomly.
Correlation Coefficient | -0.74 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Stockholder Equity
Inventory
Most indicators from JIN MEDICAL's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JIN MEDICAL INTERNATIONAL 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in JIN MEDICAL INTERNATIONAL. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. At this time, JIN MEDICAL's Selling General Administrative is quite stable compared to the past year. Issuance Of Capital Stock is expected to rise to about 9.7 M this year, although the value of Tax Provision will most likely fall to about 213.3 K.
2023 | 2024 (projected) | Interest Expense | 8.5K | 8.1K | Depreciation And Amortization | 203.3K | 254.9K |
JIN MEDICAL fundamental ratios Correlations
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JIN MEDICAL Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JIN MEDICAL fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 20.8M | 21.9M | 20.9M | 32.9M | 37.8M | 27.5M | |
Other Current Liab | 754.8K | 725.1K | 511.8K | 319.6K | 287.7K | 530.0K | |
Total Current Liabilities | 10.0M | 7.9M | 5.7M | 8.9M | 8.0M | 6.8M | |
Total Stockholder Equity | 10.8M | 14.0M | 15.2M | 24.0M | 27.6M | 18.1M | |
Property Plant And Equipment Net | 2.3M | 2.1M | 1.6M | 1.5M | 1.3M | 1.5M | |
Current Deferred Revenue | 975.7K | 1.7M | 830.3K | 829.2K | 746.3K | 854.1K | |
Net Debt | 983.7K | (3.7M) | (4.8M) | (2.8M) | (2.5M) | (2.7M) | |
Retained Earnings | 9.6M | 11.9M | 14.4M | 16.9M | 19.5M | 14.2M | |
Accounts Payable | 5.4M | 5.4M | 4.1M | 3.4M | 3.1M | 3.5M | |
Cash | 1.7M | 3.7M | 4.8M | 6.9M | 8.0M | 4.8M | |
Non Current Assets Total | 2.7M | 2.5M | 2.0M | 1.8M | 1.6M | 1.8M | |
Non Currrent Assets Other | 366.4K | 857.3K | 864.6K | 152.5K | 175.3K | 166.6K | |
Cash And Short Term Investments | 2.8M | 5.7M | 7.1M | 16.7M | 19.2M | 20.2M | |
Net Receivables | 7.9M | 6.0M | 4.3M | 4.2M | 8.5M | 5.3M | |
Short Term Investments | 1.2M | 2.1M | 2.3M | 9.8M | 11.2M | 11.8M | |
Liabilities And Stockholders Equity | 20.8M | 21.9M | 20.9M | 32.9M | 37.8M | 25.7M | |
Inventory | 7.0M | 6.9M | 6.7M | 5.1M | 5.9M | 5.0M | |
Other Current Assets | 758.9K | 969.6K | 1.0M | 863.7K | 993.3K | 866.7K | |
Total Liab | 10.0M | 7.9M | 5.7M | 8.9M | 8.0M | 6.8M | |
Total Current Assets | 18.2M | 19.4M | 18.9M | 31.1M | 35.8M | 25.0M | |
Accumulated Other Comprehensive Income | 1.1M | 2.1M | 740.3K | 606.5K | 545.9K | 885.5K | |
Intangible Assets | 180.9K | 185.1K | 163.2K | 154.4K | 138.9K | 135.4K |
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Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of JIN MEDICAL. If investors know JIN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about JIN MEDICAL listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Earnings Share 0.02 | Revenue Per Share 0.129 | Quarterly Revenue Growth 0.03 | Return On Assets 0.0403 |
The market value of JIN MEDICAL INTERNATIONAL is measured differently than its book value, which is the value of JIN that is recorded on the company's balance sheet. Investors also form their own opinion of JIN MEDICAL's value that differs from its market value or its book value, called intrinsic value, which is JIN MEDICAL's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because JIN MEDICAL's market value can be influenced by many factors that don't directly affect JIN MEDICAL's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between JIN MEDICAL's value and its price as these two are different measures arrived at by different means. Investors typically determine if JIN MEDICAL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JIN MEDICAL's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.