Cofoe Retained Earnings vs Good Will Analysis

301087 Stock

38.12 0.56 1.45%

Cofoe Medical financial indicator trend analysis is way more than just evaluating Cofoe Medical Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cofoe Medical Technology is a good investment. Please check the relationship between Cofoe Medical Retained Earnings and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cofoe Medical Technology. 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.

Retained Earnings vs Good Will

Retained Earnings vs Good Will Correlation Analysis

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

The correlation between Cofoe Medical's Retained Earnings and Good Will is 0.84. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Good Will in the same time period over historical financial statements of Cofoe Medical Technology, assuming nothing else is changed. The correlation between historical values of Cofoe Medical's Retained Earnings and Good Will 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 Cofoe Medical Technology are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Retained Earnings i.e., Cofoe Medical's Retained Earnings and Good Will go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

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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.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Cofoe Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cofoe Medical Technology 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 Cofoe Medical Technology. 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 Tax Provision is expected to grow to about 38.6 M, whereas Selling General Administrative is forecasted to decline to about 581.6 M.

	2021	2022	2023	2024 (projected)
Interest Expense	6.8M	10.9M	13.5M	10.1M
Interest Income	14.4M	45.9M	34.3M	24.4M

Interest Expense Interest Income

Cofoe Medical fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross	Short Term Investments
Total Assets		0.87	0.92	1.0	0.98	0.93	0.97	0.97	0.89	0.96	0.87	0.99	0.96	0.96	0.97	0.93	1.0	0.77	0.99	0.96	0.97	0.92	0.95	0.95	0.95	-0.75
Other Current Liab	0.87		0.76	0.88	0.82	0.72	0.85	0.89	0.91	0.82	0.81	0.88	0.89	0.91	0.95	0.79	0.88	0.72	0.84	0.89	0.83	0.74	0.89	0.79	0.9	-0.85
Total Current Liabilities	0.92	0.76		0.89	0.93	0.93	0.81	0.97	0.68	0.95	0.92	0.87	0.96	0.95	0.91	1.0	0.91	0.93	0.86	0.94	0.79	0.96	0.94	0.79	0.94	-0.81
Total Stockholder Equity	1.0	0.88	0.89		0.97	0.92	0.98	0.95	0.91	0.95	0.84	0.99	0.94	0.94	0.96	0.91	1.0	0.73	1.0	0.94	0.98	0.9	0.94	0.97	0.93	-0.72
Retained Earnings	0.98	0.82	0.93	0.97		0.9	0.96	0.96	0.87	0.93	0.84	0.96	0.97	0.96	0.95	0.95	0.98	0.82	0.97	0.92	0.94	0.97	0.91	0.93	0.9	-0.72
Accounts Payable	0.93	0.72	0.93	0.92	0.9		0.84	0.93	0.68	0.98	0.9	0.92	0.87	0.87	0.87	0.92	0.92	0.73	0.91	0.95	0.87	0.86	0.94	0.88	0.93	-0.72
Cash	0.97	0.85	0.81	0.98	0.96	0.84		0.89	0.95	0.87	0.76	0.97	0.91	0.9	0.92	0.84	0.97	0.65	0.99	0.87	0.99	0.87	0.86	0.98	0.85	-0.64
Non Current Assets Total	0.97	0.89	0.97	0.95	0.96	0.93	0.89		0.81	0.98	0.93	0.94	0.98	0.98	0.98	0.98	0.97	0.88	0.93	0.99	0.88	0.93	0.98	0.86	0.98	-0.84
Non Currrent Assets Other	0.89	0.91	0.68	0.91	0.87	0.68	0.95	0.81		0.76	0.67	0.9	0.85	0.86	0.89	0.72	0.9	0.58	0.91	0.79	0.93	0.76	0.78	0.9	0.79	-0.65
Net Receivables	0.96	0.82	0.95	0.95	0.93	0.98	0.87	0.98	0.76		0.92	0.94	0.93	0.93	0.94	0.96	0.96	0.8	0.93	0.99	0.89	0.89	0.98	0.88	0.98	-0.79
Good Will	0.87	0.81	0.92	0.84	0.84	0.9	0.76	0.93	0.67	0.92		0.89	0.89	0.91	0.9	0.92	0.86	0.83	0.81	0.95	0.75	0.83	0.96	0.79	0.96	-0.94
Common Stock Shares Outstanding	0.99	0.88	0.87	0.99	0.96	0.92	0.97	0.94	0.9	0.94	0.89		0.93	0.94	0.95	0.89	0.99	0.71	0.98	0.95	0.97	0.88	0.94	0.98	0.94	-0.78
Non Current Liabilities Total	0.96	0.89	0.96	0.94	0.97	0.87	0.91	0.98	0.85	0.93	0.89	0.93		1.0	0.98	0.97	0.96	0.91	0.92	0.94	0.88	0.96	0.94	0.86	0.94	-0.83
Inventory	0.96	0.91	0.95	0.94	0.96	0.87	0.9	0.98	0.86	0.93	0.91	0.94	1.0		0.99	0.97	0.96	0.9	0.92	0.95	0.87	0.95	0.96	0.86	0.96	-0.87
Other Current Assets	0.97	0.95	0.91	0.96	0.95	0.87	0.92	0.98	0.89	0.94	0.9	0.95	0.98	0.99		0.94	0.97	0.84	0.93	0.97	0.9	0.9	0.97	0.87	0.97	-0.85
Total Liab	0.93	0.79	1.0	0.91	0.95	0.92	0.84	0.98	0.72	0.96	0.92	0.89	0.97	0.97	0.94		0.92	0.93	0.88	0.95	0.82	0.97	0.95	0.81	0.95	-0.82
Net Invested Capital	1.0	0.88	0.91	1.0	0.98	0.92	0.97	0.97	0.9	0.96	0.86	0.99	0.96	0.96	0.97	0.92		0.76	0.99	0.95	0.97	0.92	0.95	0.96	0.94	-0.75
Short Long Term Debt	0.77	0.72	0.93	0.73	0.82	0.73	0.65	0.88	0.58	0.8	0.83	0.71	0.91	0.9	0.84	0.93	0.76		0.69	0.82	0.6	0.9	0.83	0.59	0.83	-0.82
Total Current Assets	0.99	0.84	0.86	1.0	0.97	0.91	0.99	0.93	0.91	0.93	0.81	0.98	0.92	0.92	0.93	0.88	0.99	0.69		0.92	0.99	0.89	0.9	0.98	0.9	-0.68
Capital Stock	0.96	0.89	0.94	0.94	0.92	0.95	0.87	0.99	0.79	0.99	0.95	0.95	0.94	0.95	0.97	0.95	0.95	0.82	0.92		0.87	0.87	1.0	0.87	1.0	-0.87
Net Working Capital	0.97	0.83	0.79	0.98	0.94	0.87	0.99	0.88	0.93	0.89	0.75	0.97	0.88	0.87	0.9	0.82	0.97	0.6	0.99	0.87		0.84	0.86	0.98	0.85	-0.62
Intangible Assets	0.92	0.74	0.96	0.9	0.97	0.86	0.87	0.93	0.76	0.89	0.83	0.88	0.96	0.95	0.9	0.97	0.92	0.9	0.89	0.87	0.84		0.87	0.84	0.87	-0.72
Property Plant And Equipment Net	0.95	0.89	0.94	0.94	0.91	0.94	0.86	0.98	0.78	0.98	0.96	0.94	0.94	0.96	0.97	0.95	0.95	0.83	0.9	1.0	0.86	0.87		0.85	1.0	-0.89
Capital Lease Obligations	0.95	0.79	0.79	0.97	0.93	0.88	0.98	0.86	0.9	0.88	0.79	0.98	0.86	0.86	0.87	0.81	0.96	0.59	0.98	0.87	0.98	0.84	0.85		0.85	-0.65
Property Plant And Equipment Gross	0.95	0.9	0.94	0.93	0.9	0.93	0.85	0.98	0.79	0.98	0.96	0.94	0.94	0.96	0.97	0.95	0.94	0.83	0.9	1.0	0.85	0.87	1.0	0.85		-0.89
Short Term Investments	-0.75	-0.85	-0.81	-0.72	-0.72	-0.72	-0.64	-0.84	-0.65	-0.79	-0.94	-0.78	-0.83	-0.87	-0.85	-0.82	-0.75	-0.82	-0.68	-0.87	-0.62	-0.72	-0.89	-0.65	-0.89

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Cofoe Medical Account Relationship Matchups

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C	Citigroup
GM	General Motors
F	Ford Motor

Other Information on Investing in Cofoe Stock

Balance Sheet is a snapshot of the financial position of Cofoe Medical Technology at a specified time, usually calculated after every quarter, six months, or one year. Cofoe Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cofoe Medical 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 Cofoe currently owns. An asset can also be divided into two categories, current and non-current.

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Cofoe Retained Earnings vs Good Will Analysis

Retained Earnings vs Good Will

Retained Earnings vs Good Will Correlation Analysis

Correlation Coefficient

Retained Earnings

Good Will

Cofoe Medical fundamental ratios Correlations

Cofoe Medical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Information on Investing in Cofoe Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity
Inventory	+ 1.0	Non Current Liabilities Total

Short Term Investments	- 0.94	Good Will
Short Term Investments	- 0.89	Property Plant And Equipment Gross
Short Term Investments	- 0.89	Property Plant And Equipment Net
Short Term Investments	- 0.87	Capital Stock
Short Term Investments	- 0.87	Inventory
Short Term Investments	- 0.85	Other Current Assets