BHP Net Income vs Change In Cash Analysis

BHP Stock

USD 53.54 0.14 0.26%

BHP Group financial indicator trend analysis is way more than just evaluating BHP Group Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BHP Group Limited is a good investment. Please check the relationship between BHP Group Net Income and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BHP Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BHP Group Limited Net Income account and Change In Cash. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between BHP Group's Net Income and Change In Cash is -0.21. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Cash in the same time period over historical financial statements of BHP Group Limited, assuming nothing else is changed. The correlation between historical values of BHP Group's Net Income and Change In Cash 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 Income of BHP Group Limited are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Net Income i.e., BHP Group's Net Income and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in BHP Group Limited financial statement analysis. It represents the amount of money remaining after all of BHP Group Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change In Cash

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

At this time, BHP Group's Discontinued Operations is relatively stable compared to the past year. As of 12/11/2024, Tax Provision is likely to grow to about 6.7 B, while Enterprise Value Multiple is likely to drop (6.59).

	2021	2022	2023	2024 (projected)
Gross Profit	39.7B	27.7B	40.5B	42.6B
Total Revenue	65.1B	53.8B	55.7B	36.0B

Gross Profit Total Revenue

BHP Group fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Other Current Assets	Accounts Payable	Other Liab	Other Assets	Long Term Debt
Total Assets		0.91	0.46	0.78	0.99	0.99	0.7	0.98	0.18	0.98	-0.68	0.17	0.7	0.79	0.6	0.77	-0.66	0.98	0.55	0.48	0.73	0.1	0.85	0.41	0.75	0.85
Short Long Term Debt Total	0.91		0.14	0.55	0.89	0.91	0.85	0.9	0.05	0.92	-0.79	0.04	0.43	0.77	0.58	0.51	-0.76	0.88	0.33	0.5	0.8	0.1	0.67	0.22	0.89	0.95
Other Current Liab	0.46	0.14		0.82	0.49	0.42	0.01	0.47	0.19	0.39	-0.18	0.2	0.79	0.37	0.01	0.76	-0.07	0.49	0.55	0.22	0.19	0.07	0.58	0.25	0.1	0.11
Total Current Liabilities	0.78	0.55	0.82		0.77	0.77	0.38	0.74	0.17	0.75	-0.31	0.17	0.89	0.64	0.43	0.92	-0.3	0.83	0.59	0.64	0.43	0.03	0.85	0.46	0.34	0.42
Total Stockholder Equity	0.99	0.89	0.49	0.77		0.98	0.72	1.0	0.09	0.97	-0.71	0.09	0.72	0.77	0.51	0.76	-0.65	0.94	0.5	0.43	0.8	0.11	0.85	0.29	0.77	0.86
Property Plant And Equipment Net	0.99	0.91	0.42	0.77	0.98		0.77	0.98	0.05	1.0	-0.68	0.04	0.73	0.74	0.59	0.78	-0.64	0.96	0.42	0.5	0.79	-0.02	0.86	0.35	0.75	0.85
Net Debt	0.7	0.85	0.01	0.38	0.72	0.77		0.76	-0.45	0.78	-0.8	-0.46	0.4	0.49	0.29	0.38	-0.63	0.63	-0.14	0.46	0.94	-0.04	0.52	-0.19	0.85	0.84
Retained Earnings	0.98	0.9	0.47	0.74	1.0	0.98	0.76		0.05	0.97	-0.75	0.04	0.71	0.77	0.47	0.74	-0.68	0.93	0.46	0.43	0.83	0.12	0.83	0.24	0.8	0.87
Cash	0.18	0.05	0.19	0.17	0.09	0.05	-0.45	0.05		0.05	0.23	1.0	-0.04	0.36	0.4	0.11	0.04	0.25	0.77	-0.04	-0.42	0.23	0.12	0.7	-0.15	0.03
Non Current Assets Total	0.98	0.92	0.39	0.75	0.97	1.0	0.78	0.97	0.05		-0.66	0.04	0.72	0.74	0.62	0.76	-0.62	0.96	0.39	0.51	0.79	-0.05	0.85	0.35	0.76	0.86
Non Currrent Assets Other	-0.68	-0.79	-0.18	-0.31	-0.71	-0.68	-0.8	-0.75	0.23	-0.66		0.24	-0.29	-0.55	-0.03	-0.29	0.81	-0.59	-0.12	-0.19	-0.84	-0.24	-0.37	0.24	-0.89	-0.84
Cash And Short Term Investments	0.17	0.04	0.2	0.17	0.09	0.04	-0.46	0.04	1.0	0.04	0.24		-0.04	0.34	0.4	0.11	0.05	0.24	0.76	-0.05	-0.42	0.22	0.12	0.71	-0.16	0.02
Net Receivables	0.7	0.43	0.79	0.89	0.72	0.73	0.4	0.71	-0.04	0.72	-0.29	-0.04		0.42	0.3	0.92	-0.14	0.71	0.35	0.43	0.53	-0.17	0.82	0.33	0.28	0.38
Common Stock Shares Outstanding	0.79	0.77	0.37	0.64	0.77	0.74	0.49	0.77	0.36	0.74	-0.55	0.34	0.42		0.4	0.42	-0.72	0.76	0.55	0.52	0.46	0.17	0.63	0.26	0.63	0.71
Non Current Liabilities Total	0.6	0.58	0.01	0.43	0.51	0.59	0.29	0.47	0.4	0.62	-0.03	0.4	0.3	0.4		0.46	-0.2	0.69	0.44	0.36	0.16	-0.11	0.61	0.74	0.34	0.46
Inventory	0.77	0.51	0.76	0.92	0.76	0.78	0.38	0.74	0.11	0.76	-0.29	0.11	0.92	0.42	0.46		-0.18	0.81	0.51	0.47	0.49	-0.07	0.85	0.5	0.3	0.4
Other Stockholder Equity	-0.66	-0.76	-0.07	-0.3	-0.65	-0.64	-0.63	-0.68	0.04	-0.62	0.81	0.05	-0.14	-0.72	-0.2	-0.18		-0.6	-0.3	-0.23	-0.56	-0.34	-0.43	-0.01	-0.74	-0.74
Total Liab	0.98	0.88	0.49	0.83	0.94	0.96	0.63	0.93	0.25	0.96	-0.59	0.24	0.71	0.76	0.69	0.81	-0.6		0.6	0.53	0.64	0.06	0.87	0.53	0.68	0.79
Total Current Assets	0.55	0.33	0.55	0.59	0.5	0.42	-0.14	0.46	0.77	0.39	-0.12	0.76	0.35	0.55	0.44	0.51	-0.3	0.6		0.17	-0.05	0.53	0.51	0.68	0.12	0.25
Short Term Debt	0.48	0.5	0.22	0.64	0.43	0.5	0.46	0.43	-0.04	0.51	-0.19	-0.05	0.43	0.52	0.36	0.47	-0.23	0.53	0.17		0.32	-0.06	0.38	0.24	0.25	0.26
Intangible Assets	0.73	0.8	0.19	0.43	0.8	0.79	0.94	0.83	-0.42	0.79	-0.84	-0.42	0.53	0.46	0.16	0.49	-0.56	0.64	-0.05	0.32		0.0	0.56	-0.25	0.84	0.84
Other Current Assets	0.1	0.1	0.07	0.03	0.11	-0.02	-0.04	0.12	0.23	-0.05	-0.24	0.22	-0.17	0.17	-0.11	-0.07	-0.34	0.06	0.53	-0.06	0.0		0.03	-0.05	0.11	0.11
Accounts Payable	0.85	0.67	0.58	0.85	0.85	0.86	0.52	0.83	0.12	0.85	-0.37	0.12	0.82	0.63	0.61	0.85	-0.43	0.87	0.51	0.38	0.56	0.03		0.46	0.46	0.62
Other Liab	0.41	0.22	0.25	0.46	0.29	0.35	-0.19	0.24	0.7	0.35	0.24	0.71	0.33	0.26	0.74	0.5	-0.01	0.53	0.68	0.24	-0.25	-0.05	0.46		-0.14	0.08
Other Assets	0.75	0.89	0.1	0.34	0.77	0.75	0.85	0.8	-0.15	0.76	-0.89	-0.16	0.28	0.63	0.34	0.3	-0.74	0.68	0.12	0.25	0.84	0.11	0.46	-0.14		0.91
Long Term Debt	0.85	0.95	0.11	0.42	0.86	0.85	0.84	0.87	0.03	0.86	-0.84	0.02	0.38	0.71	0.46	0.4	-0.74	0.79	0.25	0.26	0.84	0.11	0.62	0.08	0.91

Click cells to compare fundamentals

BHP Group Account Relationship Matchups

BHP Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	104.8B	108.9B	95.2B	101.3B	102.4B	69.3B
Short Long Term Debt Total	27.0B	21.0B	16.4B	22.3B	20.2B	16.4B
Other Current Liab	3.9B	6.6B	8.9B	5.5B	5.1B	3.9B
Total Current Liabilities	14.8B	16.4B	16.9B	19.0B	14.3B	10.6B
Total Stockholder Equity	47.9B	51.3B	45.0B	43.1B	44.8B	32.4B
Property Plant And Equipment Net	72.4B	73.8B	61.3B	71.8B	71.4B	47.0B
Net Debt	13.6B	5.7B	(808M)	9.9B	7.8B	10.0B
Retained Earnings	43.5B	46.8B	40.3B	39.8B	40.0B	28.6B
Cash	13.4B	15.2B	17.2B	12.4B	12.4B	13.0B
Non Current Assets Total	83.3B	82.2B	64.9B	77.9B	78.0B	53.3B
Non Currrent Assets Other	1.5B	1.7B	(56M)	2.1B	1.8B	1.9B
Cash And Short Term Investments	13.5B	15.5B	17.5B	12.5B	12.8B	13.4B
Net Receivables	3.7B	6.3B	5.7B	5.1B	5.5B	4.1B
Liabilities And Stockholders Equity	104.8B	108.9B	95.2B	101.3B	102.4B	69.3B
Non Current Liabilities Total	37.7B	36.9B	13.2B	33.7B	38.9B	20.2B
Inventory	4.1B	4.4B	4.9B	5.2B	5.8B	3.4B
Other Stockholder Equity	(5M)	(33M)	(12M)	(41M)	1.4B	2.2B
Total Liab	52.5B	53.3B	46.4B	52.8B	53.2B	34.2B
Total Current Assets	21.5B	26.7B	28.7B	23.4B	24.3B	14.5B
Short Term Debt	5.0B	2.6B	2.6B	7.2B	1.5B	2.4B
Intangible Assets	428M	377M	240M	172M	221M	451.3M
Other Current Assets	130M	129M	175M	131M	268M	254.6M
Accounts Payable	5.8B	7.0B	5.4B	6.3B	6.7B	5.0B
Other Liab	14.3B	17.4B	14.2B	16.9B	19.5B	10.2B
Other Assets	5.4B	3.6B	1.6B	2.0B	2.3B	2.2B
Long Term Debt	19.4B	18.4B	13.8B	12.7B	16.2B	17.6B
Short Term Investments	84M	230M	303M	29M	258M	258.1M
Accumulated Other Comprehensive Income	2.3B	2.4B	12M	(1.4B)	(1.5B)	(1.5B)
Property Plant Equipment	72.4B	73.8B	61.3B	71.8B	82.6B	63.3B
Property Plant And Equipment Gross	72.4B	73.8B	121.1B	135.3B	142.2B	78.0B
Current Deferred Revenue	97M	105M	34M	47M	90M	142.5M
Long Term Investments	5.1B	3.4B	2.2B	2.4B	2.7B	2.9B
Short Long Term Debt	5.0B	2.6B	2.6B	1.3B	858M	815.1M
Net Tangible Assets	46.6B	47.3B	49.8B	43.6B	39.2B	42.6B

Pair Trading with BHP Group

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BHP Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BHP Group will appreciate offsetting losses from the drop in the long position's value.

Moving together with BHP Stock

0.64	NB	NioCorp Developments	Pair Corr
0.89	VALE	Vale SA ADR Aggressive Push	Pair Corr

Moving against BHP Stock

0.52	NAK	Northern Dynasty Minerals	Pair Corr
0.34	NVA	Nova Minerals Limited	Pair Corr
0.31	LAC	Lithium Americas Corp	Pair Corr

The ability to find closely correlated positions to BHP Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BHP Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BHP Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BHP Group Limited to buy it.

The correlation of BHP Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BHP Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BHP Group Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for BHP Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for BHP Stock Analysis

When running BHP Group's price analysis, check to measure BHP Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BHP Group is operating at the current time. Most of BHP Group's value examination focuses on studying past and present price action to predict the probability of BHP Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BHP Group's price. Additionally, you may evaluate how the addition of BHP Group to your portfolios can decrease your overall portfolio volatility.

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