Healthcare Net Receivables vs Common Stock Analysis

603313 Stock

7.62 0.13 1.74%

Healthcare financial indicator trend analysis is much more than just examining Healthcare latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Healthcare is a good investment. Please check the relationship between Healthcare Net Receivables and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Healthcare Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Receivables vs Common Stock

Net Receivables vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Healthcare Net Receivables account and Common Stock. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Healthcare's Net Receivables and Common Stock is 0.84. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Common Stock in the same time period over historical financial statements of Healthcare Co, assuming nothing else is changed. The correlation between historical values of Healthcare's Net Receivables and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Healthcare Co are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Receivables i.e., Healthcare's Net Receivables and Common Stock go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Receivables

Common Stock

Most indicators from Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Healthcare 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 Healthcare Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

The current year's Selling General Administrative is expected to grow to about 1.5 B, whereas Tax Provision is forecasted to decline to about 34.2 M.

	2021	2022	2023	2024 (projected)
Operating Income	208.3M	307.0M	607.5M	336.1M
Total Revenue	8.1B	8.0B	8.0B	8.4B

Operating Income Total Revenue

Healthcare fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Other Liab	Net Tangible Assets	Long Term Debt	Other Stockholder Equity	Deferred Long Term Liab	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt	Total Current Assets
Total Assets		0.5	0.99	0.96	0.78	0.99	0.73	0.96	0.99	0.99	0.67	0.99	0.83	0.87	0.99	-0.3	0.94	0.9	0.62	-0.76	0.95	0.94	0.67	0.89	0.95	0.95
Other Current Liab	0.5		0.49	0.49	0.76	0.49	0.49	0.37	0.43	0.58	0.92	0.48	0.66	0.55	0.39	-0.18	0.32	0.65	0.91	-0.36	0.35	0.58	0.32	0.54	0.61	0.62
Total Current Liabilities	0.99	0.49		0.93	0.74	0.99	0.68	0.97	0.98	0.99	0.65	1.0	0.81	0.85	0.99	-0.35	0.95	0.86	0.62	-0.79	0.96	0.95	0.65	0.9	0.96	0.95
Total Stockholder Equity	0.96	0.49	0.93		0.86	0.91	0.83	0.88	0.96	0.92	0.7	0.9	0.86	0.84	0.91	-0.23	0.85	0.95	0.56	-0.59	0.87	0.86	0.66	0.75	0.89	0.89
Retained Earnings	0.78	0.76	0.74	0.86		0.71	0.86	0.63	0.77	0.77	0.9	0.7	0.93	0.81	0.67	-0.08	0.57	0.94	0.74	-0.37	0.6	0.75	0.52	0.63	0.82	0.81
Accounts Payable	0.99	0.49	0.99	0.91	0.71		0.66	0.97	0.96	0.99	0.63	1.0	0.77	0.84	0.99	-0.32	0.96	0.84	0.62	-0.84	0.96	0.95	0.67	0.92	0.93	0.95
Cash	0.73	0.49	0.68	0.83	0.86	0.66		0.56	0.73	0.68	0.68	0.65	0.9	0.78	0.63	-0.2	0.51	0.9	0.62	-0.24	0.53	0.68	0.62	0.57	0.78	0.75
Other Assets	0.96	0.37	0.97	0.88	0.63	0.97	0.56		0.95	0.95	0.5	0.97	0.67	0.79	0.99	-0.27	0.99	0.78	0.49	-0.82	1.0	0.92	0.71	0.89	0.88	0.9
Net Receivables	0.99	0.43	0.98	0.96	0.77	0.96	0.73	0.95		0.95	0.63	0.97	0.82	0.84	0.98	-0.35	0.93	0.88	0.54	-0.69	0.94	0.92	0.65	0.84	0.94	0.92
Inventory	0.99	0.58	0.99	0.92	0.77	0.99	0.68	0.95	0.95		0.71	0.99	0.81	0.86	0.97	-0.3	0.93	0.87	0.68	-0.82	0.94	0.96	0.64	0.92	0.95	0.96
Other Current Assets	0.67	0.92	0.65	0.7	0.9	0.63	0.68	0.5	0.63	0.71		0.62	0.82	0.66	0.55	-0.2	0.44	0.8	0.84	-0.38	0.48	0.66	0.32	0.55	0.73	0.73
Total Liab	0.99	0.48	1.0	0.9	0.7	1.0	0.65	0.97	0.97	0.99	0.62		0.78	0.85	0.99	-0.33	0.96	0.83	0.63	-0.82	0.97	0.96	0.66	0.93	0.95	0.95
Intangible Assets	0.83	0.66	0.81	0.86	0.93	0.77	0.9	0.67	0.82	0.81	0.82	0.78		0.89	0.74	-0.22	0.62	0.92	0.72	-0.45	0.64	0.81	0.48	0.71	0.9	0.84
Common Stock	0.87	0.55	0.85	0.84	0.81	0.84	0.78	0.79	0.84	0.86	0.66	0.85	0.89		0.83	-0.14	0.77	0.89	0.64	-0.66	0.77	0.91	0.61	0.86	0.92	0.9
Property Plant Equipment	0.99	0.39	0.99	0.91	0.67	0.99	0.63	0.99	0.98	0.97	0.55	0.99	0.74	0.83		-0.3	0.98	0.82	0.53	-0.82	0.99	0.94	0.66	0.9	0.92	0.92
Short Term Investments	-0.3	-0.18	-0.35	-0.23	-0.08	-0.32	-0.2	-0.27	-0.35	-0.3	-0.2	-0.33	-0.22	-0.14	-0.3		-0.28	-0.25	-0.22	0.17	-0.31	-0.33	-0.23	-0.28	-0.37	-0.33
Other Liab	0.94	0.32	0.95	0.85	0.57	0.96	0.51	0.99	0.93	0.93	0.44	0.96	0.62	0.77	0.98	-0.28		0.74	0.44	-0.85	1.0	0.9	0.68	0.88	0.85	0.87
Net Tangible Assets	0.9	0.65	0.86	0.95	0.94	0.84	0.9	0.78	0.88	0.87	0.8	0.83	0.92	0.89	0.82	-0.25	0.74		0.68	-0.52	0.76	0.87	0.65	0.75	0.91	0.91
Long Term Debt	0.62	0.91	0.62	0.56	0.74	0.62	0.62	0.49	0.54	0.68	0.84	0.63	0.72	0.64	0.53	-0.22	0.44	0.68		-0.45	0.46	0.69	0.49	0.71	0.73	0.72
Other Stockholder Equity	-0.76	-0.36	-0.79	-0.59	-0.37	-0.84	-0.24	-0.82	-0.69	-0.82	-0.38	-0.82	-0.45	-0.66	-0.82	0.17	-0.85	-0.52	-0.45		-0.84	-0.81	-0.39	-0.85	-0.69	-0.74
Deferred Long Term Liab	0.95	0.35	0.96	0.87	0.6	0.96	0.53	1.0	0.94	0.94	0.48	0.97	0.64	0.77	0.99	-0.31	1.0	0.76	0.46	-0.84		0.91	0.68	0.88	0.86	0.89
Non Current Assets Total	0.94	0.58	0.95	0.86	0.75	0.95	0.68	0.92	0.92	0.96	0.66	0.96	0.81	0.91	0.94	-0.33	0.9	0.87	0.69	-0.81	0.91		0.69	0.97	0.97	0.98
Non Currrent Assets Other	0.67	0.32	0.65	0.66	0.52	0.67	0.62	0.71	0.65	0.64	0.32	0.66	0.48	0.61	0.66	-0.23	0.68	0.65	0.49	-0.39	0.68	0.69		0.67	0.65	0.74
Non Current Liabilities Total	0.89	0.54	0.9	0.75	0.63	0.92	0.57	0.89	0.84	0.92	0.55	0.93	0.71	0.86	0.9	-0.28	0.88	0.75	0.71	-0.85	0.88	0.97	0.67		0.92	0.92
Short Long Term Debt	0.95	0.61	0.96	0.89	0.82	0.93	0.78	0.88	0.94	0.95	0.73	0.95	0.9	0.92	0.92	-0.37	0.85	0.91	0.73	-0.69	0.86	0.97	0.65	0.92		0.97
Total Current Assets	0.95	0.62	0.95	0.89	0.81	0.95	0.75	0.9	0.92	0.96	0.73	0.95	0.84	0.9	0.92	-0.33	0.87	0.91	0.72	-0.74	0.89	0.98	0.74	0.92	0.97

Click cells to compare fundamentals

Healthcare Account Relationship Matchups

Healthcare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.6B	7.1B	9.2B	9.1B	10.1B	10.6B
Other Current Liab	139.6M	519.5M	361.1M	370.6M	6.3M	6.0M
Total Current Liabilities	2.0B	2.7B	4.2B	3.9B	4.3B	4.5B
Total Stockholder Equity	2.3B	3.6B	2.9B	3.0B	3.9B	4.1B
Retained Earnings	864.7M	1.2B	836.1M	877.4M	782.4M	594.0M
Accounts Payable	503.6M	933.9M	1.5B	1.3B	1.5B	1.5B
Cash	810.7M	1.1B	994.5M	555.1M	1.1B	603.5M
Other Assets	96.0M	289.7M	424.2M	535.5M	615.8M	646.6M
Net Receivables	891.3M	997.2M	1.1B	1.3B	1.5B	1.6B
Inventory	741.8M	1.4B	1.9B	1.7B	1.7B	1.8B
Other Current Assets	164.6M	269.9M	195.9M	161.6M	53.7M	92.6M
Total Liab	2.2B	3.4B	6.2B	6.0B	6.1B	6.4B
Intangible Assets	178.2M	180.0M	196.8M	170.7M	167.2M	120.5M
Common Stock	333.6M	374.4M	486.5M	485.3M	558.1M	289.0M
Property Plant Equipment	1.5B	2.2B	3.7B	4.0B	4.6B	4.8B
Other Liab	16.3M	92.3M	164.6M	216.3M	248.7M	261.1M
Net Tangible Assets	2.1B	3.1B	2.4B	2.5B	2.9B	2.1B
Long Term Debt	181.1M	607.3M	785.5M	559.4M	119.5M	113.5M
Other Stockholder Equity	40.8M	(24.1M)	(219.3M)	(175.6M)	(158.1M)	(150.2M)
Deferred Long Term Liab	34.4M	132.3M	189.8M	262.8M	302.2M	317.4M
Non Current Assets Total	2.0B	3.2B	4.8B	5.2B	5.3B	3.2B
Non Currrent Assets Other	8.9M	32.0M	26.4M	26.1M	42.1M	26.8M
Non Current Liabilities Total	197.4M	699.6M	2.0B	2.1B	1.8B	1.0B
Short Long Term Debt	999.4M	1.1B	1.6B	1.7B	1.6B	1.1B
Total Current Assets	2.6B	3.8B	4.4B	3.9B	4.7B	3.4B
Non Current Liabilities Other	3.2M	43.0M	112.0M	122.5M	125.2M	131.5M
Good Will	91.1M	321.0M	320.6M	287.6M	278.1M	223.0M
Common Stock Shares Outstanding	333.6M	374.4M	486.5M	485.3M	570.6M	451.7M
Net Invested Capital	3.5B	5.3B	5.3B	5.2B	5.6B	4.7B
Net Working Capital	589.8M	1.2B	232.9M	(22.3M)	395.8M	460.9M
Capital Stock	333.6M	374.4M	486.5M	485.3M	570.6M	456.6M

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Other Information on Investing in Healthcare Stock

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

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Healthcare Net Receivables vs Common Stock Analysis

Net Receivables vs Common Stock

Net Receivables vs Common Stock Correlation Analysis

Correlation Coefficient

Net Receivables

Common Stock

Healthcare fundamental ratios Correlations

Healthcare Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Healthcare fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Healthcare Stock

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Total Liab	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Accounts Payable
Deferred Long Term Liab	+ 1.0	Other Assets
Deferred Long Term Liab	+ 1.0	Other Liab
Total Current Liabilities	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets

Non Current Liabilities Total	- 0.85	Other Stockholder Equity
Other Stockholder Equity	- 0.85	Other Liab
Deferred Long Term Liab	- 0.84	Other Stockholder Equity
Other Stockholder Equity	- 0.84	Accounts Payable
Other Stockholder Equity	- 0.82	Property Plant Equipment
Other Stockholder Equity	- 0.82	Total Liab