Element Cash vs Retained Earnings Analysis
| ELGL Stock | USD 0.0001 0.00 0.000003% |
Element Global financial indicator trend analysis is much more than just examining Element Global latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Element Global is a good investment. Please check the relationship between Element Global Cash and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Element Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. For more information on how to buy Element Stock please use our How to buy in Element Stock guide.
Cash vs Retained Earnings
Cash vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Element Global Cash account and Retained Earnings. At this time, the significance of the direction appears to have totally related.
The correlation between Element Global's Cash and Retained Earnings is 0.99. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Element Global, assuming nothing else is changed. The correlation between historical values of Element Global's Cash and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Element Global are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash i.e., Element Global's Cash and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Element Global, which is listed under current asset account on Element Global balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Element Global customers. The amounts must be unrestricted with restricted cash listed in a different Element Global account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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.Most indicators from Element Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Element Global 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Element Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. For more information on how to buy Element Stock please use our How to buy in Element Stock guide.Selling General Administrative is expected to rise to about 1.4 M this year
| 2013 | 2014 | 2023 | 2024 (projected) | Gross Profit | 2.8M | 11.5M | 13.2M | 13.9M | Total Revenue | 7.8M | 70.4M | 81.0M | 85.1M |
Element Global fundamental ratios Correlations
Click cells to compare fundamentals
Element Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Is Industrial Conglomerates space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Element Global. If investors know Element will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Element Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.004 | Revenue Per Share 0.016 | Quarterly Revenue Growth (0.94) | Return On Assets 0.2474 | Return On Equity 0.4989 |
The market value of Element Global is measured differently than its book value, which is the value of Element that is recorded on the company's balance sheet. Investors also form their own opinion of Element Global's value that differs from its market value or its book value, called intrinsic value, which is Element Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Element Global's market value can be influenced by many factors that don't directly affect Element Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Element Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Element Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Element Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.