300146 Property Plant Equipment vs Short Term Investments Analysis

300146 Stock   12.38  0.12  0.96%   
By Health financial indicator trend analysis is way more than just evaluating By health prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether By health is a good investment. Please check the relationship between By Health Property Plant Equipment and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in By health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Property Plant Equipment vs Short Term Investments

Property Plant Equipment vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of By health Property Plant Equipment account and Short Term Investments. At this time, the significance of the direction appears to have almost no relationship.
The correlation between By Health's Property Plant Equipment and Short Term Investments is 0.16. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of By health, assuming nothing else is changed. The correlation between historical values of By Health's Property Plant Equipment and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of By health are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Property Plant Equipment i.e., By Health's Property Plant Equipment and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.16
Relationship DirectionPositive 
Relationship StrengthInsignificant

Property Plant Equipment

Short Term Investments

Short Term Investments is an item under the current assets section of By Health balance sheet. It contains any investments By health undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that By health can easily liquidate in the marketplace.
Most indicators from By Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into By health 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in By health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Selling General Administrative is expected to grow to about 3.5 B, whereas Tax Provision is forecasted to decline to about 250.5 M.
 2021 2022 2023 2024 (projected)
Operating Income1.9B1.6B1.9B2.0B
Total Revenue7.4B7.9B9.4B9.9B

By Health fundamental ratios Correlations

0.470.970.990.980.960.750.930.790.080.980.710.930.670.920.960.820.62-0.69-0.940.860.870.910.830.550.21
0.470.590.420.360.580.450.290.63-0.230.58-0.220.60.670.530.440.590.24-0.21-0.650.580.430.550.320.40.84
0.970.590.930.920.970.680.870.74-0.070.990.650.970.720.910.920.870.56-0.56-0.960.90.840.920.750.590.31
0.990.420.930.980.920.780.960.750.120.950.740.860.550.90.980.720.71-0.72-0.920.850.890.860.880.410.12
0.980.360.920.980.920.770.930.780.120.930.750.870.590.90.950.750.64-0.72-0.890.80.870.860.840.480.13
0.960.580.970.920.920.750.830.82-0.080.970.60.960.760.960.90.870.5-0.56-0.940.890.80.890.70.630.39
0.750.450.680.780.770.750.690.860.30.720.390.610.460.780.780.490.7-0.59-0.780.750.80.650.660.230.36
0.930.290.870.960.930.830.690.650.170.870.80.770.410.770.910.630.79-0.79-0.870.790.920.830.960.3-0.02
0.790.630.740.750.780.820.860.650.190.760.250.760.750.80.710.730.51-0.63-0.820.690.760.770.630.560.62
0.08-0.23-0.070.120.12-0.080.30.170.190.020.18-0.07-0.1-0.050.16-0.080.21-0.140.03-0.090.130.060.24-0.06-0.23
0.980.580.990.950.930.970.720.870.760.020.650.960.730.920.950.860.55-0.57-0.950.890.830.920.750.590.3
0.71-0.220.650.740.750.60.390.80.250.180.650.590.20.570.710.460.5-0.49-0.560.560.620.60.650.27-0.46
0.930.60.970.860.870.960.610.770.76-0.070.960.590.860.880.840.960.39-0.51-0.910.840.750.950.640.770.39
0.670.670.720.550.590.760.460.410.75-0.10.730.20.860.680.540.950.08-0.31-0.70.620.50.820.320.920.64
0.920.530.910.90.90.960.780.770.8-0.050.920.570.880.680.910.770.46-0.47-0.870.870.720.780.630.540.33
0.960.440.920.980.950.90.780.910.710.160.950.710.840.540.910.70.65-0.61-0.880.850.830.820.810.40.11
0.820.590.870.720.750.870.490.630.73-0.080.860.460.960.950.770.70.21-0.45-0.80.710.630.920.510.910.47
0.620.240.560.710.640.50.70.790.510.210.550.50.390.080.460.650.21-0.74-0.710.670.890.570.85-0.16-0.01
-0.69-0.21-0.56-0.72-0.72-0.56-0.59-0.79-0.63-0.14-0.57-0.49-0.51-0.31-0.47-0.61-0.45-0.740.66-0.47-0.83-0.65-0.87-0.21-0.04
-0.94-0.65-0.96-0.92-0.89-0.94-0.78-0.87-0.820.03-0.95-0.56-0.91-0.7-0.87-0.88-0.8-0.710.66-0.93-0.93-0.93-0.82-0.49-0.41
0.860.580.90.850.80.890.750.790.69-0.090.890.560.840.620.870.850.710.67-0.47-0.930.830.840.690.40.3
0.870.430.840.890.870.80.80.920.760.130.830.620.750.50.720.830.630.89-0.83-0.930.830.870.920.290.2
0.910.550.920.860.860.890.650.830.770.060.920.60.950.820.780.820.920.57-0.65-0.930.840.870.760.70.33
0.830.320.750.880.840.70.660.960.630.240.750.650.640.320.630.810.510.85-0.87-0.820.690.920.760.170.01
0.550.40.590.410.480.630.230.30.56-0.060.590.270.770.920.540.40.91-0.16-0.21-0.490.40.290.70.170.44
0.210.840.310.120.130.390.36-0.020.62-0.230.3-0.460.390.640.330.110.47-0.01-0.04-0.410.30.20.330.010.44
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By Health Account Relationship Matchups

By Health fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.3B9.6B13.0B13.2B15.1B15.9B
Other Current Liab1.0B1.2B1.1B1.2B99.1M94.2M
Total Current Liabilities1.8B2.2B2.1B2.1B2.5B2.6B
Total Stockholder Equity6.0B6.9B10.5B10.7B12.2B12.8B
Retained Earnings1.2B2.1B2.8B3.0B3.6B3.7B
Accounts Payable338.6M349.6M408.1M366.9M426.6M447.9M
Cash1.8B1.8B2.9B3.0B3.3B1.8B
Other Assets409.8M506.6M1.3B1.6B1.8B1.9B
Net Receivables166.3M164.2M290.5M330.3M249.1M150.2M
Short Term Investments690M41.0M240M1.8B1.4B857.2M
Inventory742.5M872.7M832.8M898.9M989.1M1.0B
Other Current Assets100.9M200.0M186.6M284.0M2.0B2.1B
Total Liab2.4B2.7B2.4B2.4B2.9B3.0B
Intangible Assets902.0M947.9M823.2M764.1M702.3M416.9M
Common Stock1.6B1.6B1.7B1.7B2.0B2.1B
Property Plant Equipment949.8M983.7M1.2B1.3B1.4B1.5B
Other Liab334.9M316.5M316.8M275.1M316.3M332.2M
Net Tangible Assets3.9B4.8B8.6B8.8B10.1B5.7B
Other Stockholder Equity64.9M35.7M(183.6M)(105.6M)(95.1M)(90.3M)
Deferred Long Term Liab35.9M26.4M20.6M18.1M16.3M29.2M
Total Current Assets3.8B4.8B7.3B7.3B8.3B5.6B
Non Current Assets Total4.5B4.8B5.6B5.9B6.8B5.1B
Non Currrent Assets Other35.9M90.2M882.6M1.1B875.3M919.1M
Non Current Liabilities Total642.4M460.2M358.2M279.0M392.5M499.3M
Non Current Liabilities Other892.5M307.5M500K108.7K1.6M1.5M
Common Stock Shares Outstanding1.6B1.6B1.7B1.7B1.7B1.8B
Net Invested Capital6.3B7.1B10.5B10.7B12.2B9.2B
Net Working Capital2.1B2.6B5.3B5.2B5.8B4.2B
Good Will1.2B1.2B1.1B1.1B1.2B1.1B
Capital Stock1.6B1.6B1.7B1.7B1.7B1.8B

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Other Information on Investing in 300146 Stock

Balance Sheet is a snapshot of the financial position of By health at a specified time, usually calculated after every quarter, six months, or one year. By Health Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of By Health and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which 300146 currently owns. An asset can also be divided into two categories, current and non-current.