Healthcare Property Plant Equipment vs Inventory Analysis

603313 Stock   6.93  0.18  2.67%   
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 Property Plant Equipment and its Inventory 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.

Property Plant Equipment vs Inventory

Property Plant Equipment vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Healthcare Property Plant Equipment account and Inventory. At this time, the significance of the direction appears to have totally related.
Property Plant EquipmentInventoryDiversified AwayProperty Plant EquipmentInventoryDiversified Away100%
The correlation between Healthcare's Property Plant Equipment and Inventory is 0.99. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Inventory 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 Property Plant Equipment 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 Property Plant Equipment of Healthcare Co 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 Property Plant Equipment i.e., Healthcare's Property Plant Equipment and Inventory go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Property Plant Equipment

Inventory

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 1.7 B, whereas Tax Provision is forecasted to decline to about 34.2 M.
 2022 2023 2024 2025 (projected)
Operating Income307.0M607.5M698.7M733.6M
Total Revenue8.0B8.0B9.2B9.6B

Healthcare fundamental ratios Correlations

0.341.00.970.770.990.860.980.990.990.560.990.820.860.99-0.330.960.880.5-0.780.970.930.730.950.940.93
0.340.330.330.680.330.280.280.270.430.910.330.560.450.31-0.150.230.570.9-0.270.270.410.150.310.470.43
1.00.330.940.731.00.820.980.980.990.541.00.80.851.0-0.370.970.850.5-0.810.970.940.710.960.940.94
0.970.330.940.830.930.930.910.970.940.580.930.850.840.93-0.270.890.930.45-0.650.90.860.710.850.890.89
0.770.680.730.830.710.810.670.750.760.850.710.930.840.71-0.110.610.960.69-0.420.640.760.560.620.830.81
0.990.331.00.930.710.80.980.970.990.521.00.770.840.99-0.340.970.830.51-0.850.980.930.720.970.930.94
0.860.280.820.930.810.80.750.870.810.560.80.850.760.8-0.270.720.890.46-0.420.730.730.680.710.810.79
0.980.280.980.910.670.980.750.960.970.450.990.710.820.99-0.30.990.790.45-0.841.00.930.750.980.90.91
0.990.270.980.970.750.970.870.960.960.510.970.810.840.98-0.370.950.860.42-0.720.960.910.720.920.930.91
0.990.430.990.940.760.990.810.970.960.610.990.810.860.99-0.330.960.870.58-0.840.970.940.70.960.940.94
0.560.910.540.580.850.520.560.450.510.610.520.760.60.5-0.190.390.760.85-0.340.430.540.220.440.630.59
0.990.331.00.930.711.00.80.990.970.990.520.780.851.0-0.350.980.830.52-0.840.980.940.720.980.940.93
0.820.560.80.850.930.770.850.710.810.810.760.780.910.77-0.250.670.940.66-0.510.690.830.560.70.910.85
0.860.450.850.840.840.840.760.820.840.860.60.850.910.85-0.180.790.890.58-0.70.80.930.680.810.930.92
0.990.311.00.930.710.990.80.990.980.990.51.00.770.85-0.330.980.830.48-0.840.990.940.710.980.930.93
-0.33-0.15-0.37-0.27-0.11-0.34-0.27-0.3-0.37-0.33-0.19-0.35-0.25-0.18-0.33-0.31-0.28-0.210.2-0.34-0.35-0.26-0.33-0.39-0.35
0.960.230.970.890.610.970.720.990.950.960.390.980.670.790.98-0.310.760.39-0.871.00.920.730.980.870.89
0.880.570.850.930.960.830.890.790.860.870.760.830.940.890.83-0.280.760.64-0.560.780.870.680.760.910.9
0.50.90.50.450.690.510.460.450.420.580.850.520.660.580.48-0.210.390.64-0.40.410.560.350.520.630.58
-0.78-0.27-0.81-0.65-0.42-0.85-0.42-0.84-0.72-0.84-0.34-0.84-0.51-0.7-0.840.2-0.87-0.56-0.4-0.86-0.83-0.5-0.88-0.73-0.77
0.970.270.970.90.640.980.731.00.960.970.430.980.690.80.99-0.341.00.780.41-0.860.920.740.970.890.91
0.930.410.940.860.760.930.730.930.910.940.540.940.830.930.94-0.350.920.870.56-0.830.920.780.930.980.98
0.730.150.710.710.560.720.680.750.720.70.220.720.560.680.71-0.260.730.680.35-0.50.740.780.710.730.81
0.950.310.960.850.620.970.710.980.920.960.440.980.70.810.98-0.330.980.760.52-0.880.970.930.710.90.9
0.940.470.940.890.830.930.810.90.930.940.630.940.910.930.93-0.390.870.910.63-0.730.890.980.730.90.97
0.930.430.940.890.810.940.790.910.910.940.590.930.850.920.93-0.350.890.90.58-0.770.910.980.810.90.97
Click cells to compare fundamentals

Healthcare Account Relationship Matchups

Healthcare fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets7.1B9.2B9.1B10.1B11.6B12.2B
Other Current Liab519.5M361.1M370.6M6.3M7.2M6.9M
Total Current Liabilities2.7B4.2B3.9B4.3B5.0B5.2B
Total Stockholder Equity3.6B2.9B3.0B3.9B4.5B4.7B
Retained Earnings1.2B836.1M877.4M782.4M899.8M594.0M
Accounts Payable933.9M1.5B1.3B1.5B1.7B1.8B
Cash1.1B994.5M555.1M1.1B1.3B1.3B
Other Assets96.0M289.7M424.2M535.5M615.8M646.6M
Net Receivables997.2M1.1B1.3B1.5B1.8B1.9B
Inventory1.4B1.9B1.7B1.7B2.0B2.1B
Other Current Assets269.9M195.9M161.6M53.7M61.7M92.6M
Total Liab3.4B6.2B6.0B6.1B7.0B7.4B
Intangible Assets180.0M196.8M170.7M167.2M192.3M120.5M
Common Stock333.6M374.4M486.5M485.3M558.1M289.0M
Property Plant Equipment1.5B2.2B3.7B4.0B4.6B4.8B
Other Liab16.3M92.3M164.6M216.3M248.7M261.1M
Net Tangible Assets2.1B3.1B2.4B2.5B2.9B2.1B
Long Term Debt607.3M785.5M559.4M119.5M137.4M130.5M
Other Stockholder Equity40.8M(24.1M)(219.3M)(175.6M)(158.1M)(150.2M)
Deferred Long Term Liab34.4M132.3M189.8M262.8M302.2M317.4M
Non Current Assets Total3.2B4.8B5.2B5.3B6.2B3.2B
Non Currrent Assets Other32.0M26.4M26.1M42.1M48.5M26.8M
Non Current Liabilities Total699.6M2.0B2.1B1.8B2.1B2.2B
Short Long Term Debt1.1B1.6B1.7B1.6B1.9B1.1B
Total Current Assets3.8B4.4B3.9B4.7B5.4B3.4B
Non Current Liabilities Other43.0M112.0M122.5M125.2M144.0M151.2M
Good Will321.0M320.6M287.6M278.1M319.8M223.0M
Common Stock Shares Outstanding374.4M486.5M485.3M570.6M656.2M451.7M
Net Invested Capital5.3B5.3B5.2B5.6B6.5B4.7B
Net Working Capital1.2B232.9M(22.3M)395.8M356.2M460.9M
Capital Stock374.4M486.5M485.3M570.6M656.2M456.6M
Property Plant And Equipment Net2.2B3.7B4.0B4.1B4.7B3.4B
Net Debt648.3M1.4B1.7B645.0M741.8M1.0B
Property Plant And Equipment Gross2.7B4.3B4.0B5.2B6.0B3.9B

Currently Active Assets on Macroaxis

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.