Kelly Good Will vs Cash And Short Term Investments Analysis

KELYB Stock

USD 14.59 0.90 5.81%

Kelly Services financial indicator trend analysis is infinitely more than just investigating Kelly Services B recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kelly Services B is a good investment. Please check the relationship between Kelly Services Good Will and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kelly Services B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Good Will vs Cash And Short Term Investments

Good Will vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kelly Services B Good Will account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Kelly Services' Good Will and Cash And Short Term Investments is -0.28. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Kelly Services B, assuming nothing else is changed. The correlation between historical values of Kelly Services' Good Will and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Kelly Services B are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Good Will i.e., Kelly Services' Good Will and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Kelly Services B balance sheet. This account contains Kelly Services investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Kelly Services B fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Kelly Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kelly Services B 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kelly Services B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

The current year's Enterprise Value is expected to grow to about 1 B, whereas Selling General Administrative is forecasted to decline to about 926.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	2.5M	2.1M	3.2M	3.0M
Depreciation And Amortization	52.8M	55.7M	56.4M	33.1M

Interest Expense Depreciation And Amortization

Kelly Services fundamental ratios Correlations

	Total Assets	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	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Accounts Payable	Non Current Liabilities Total	Short Long Term Debt Total	Short Term Investments	Intangible Assets	Common Stock	Good Will	Short Term Debt	Current Deferred Revenue
Total Assets		0.7	0.97	0.99	0.63	-0.1	0.98	0.33	0.87	0.84	0.33	0.96	0.4	0.09	0.12	0.99	0.97	0.81	0.92	0.26	0.3	0.3	0.03	0.33	-0.41	0.75
Other Current Liab	0.7		0.8	0.64	0.59	0.23	0.59	0.09	0.45	0.5	0.09	0.81	0.21	-0.01	-0.5	0.74	0.79	0.4	0.51	0.32	-0.34	-0.21	0.17	0.28	0.13	0.86
Total Current Liabilities	0.97	0.8		0.93	0.61	-0.06	0.92	0.34	0.78	0.78	0.34	0.98	0.35	0.08	-0.03	0.99	0.99	0.77	0.83	0.33	0.16	0.27	0.04	0.38	-0.26	0.8
Total Stockholder Equity	0.99	0.64	0.93		0.6	-0.11	0.99	0.27	0.9	0.86	0.26	0.94	0.38	0.14	0.18	0.96	0.94	0.84	0.91	0.16	0.38	0.33	-0.02	0.36	-0.52	0.72
Property Plant And Equipment Net	0.63	0.59	0.61	0.6		-0.15	0.6	0.43	0.71	0.44	0.43	0.67	-0.12	0.2	-0.18	0.65	0.65	0.64	0.68	0.57	0.15	0.21	-0.16	0.06	-0.12	0.75
Net Debt	-0.1	0.23	-0.06	-0.11	-0.15		-0.12	-0.77	-0.15	-0.05	-0.77	0.01	0.19	-0.29	-0.18	-0.09	-0.13	-0.31	-0.2	0.08	-0.42	-0.47	0.36	0.26	0.51	0.0
Retained Earnings	0.98	0.59	0.92	0.99	0.6	-0.12		0.3	0.9	0.8	0.3	0.91	0.35	0.18	0.19	0.95	0.93	0.85	0.9	0.21	0.43	0.39	-0.06	0.37	-0.52	0.7
Cash	0.33	0.09	0.34	0.27	0.43	-0.77	0.3		0.22	0.09	1.0	0.24	-0.03	0.17	0.03	0.38	0.41	0.33	0.44	0.52	0.28	0.46	-0.18	-0.28	-0.08	0.21
Non Current Assets Total	0.87	0.45	0.78	0.9	0.71	-0.15	0.9	0.22		0.8	0.22	0.79	0.11	0.32	0.23	0.83	0.78	0.93	0.87	0.18	0.55	0.49	-0.26	0.38	-0.62	0.67
Non Currrent Assets Other	0.84	0.5	0.78	0.86	0.44	-0.05	0.8	0.09	0.8		0.08	0.82	0.47	-0.07	0.34	0.81	0.75	0.7	0.79	-0.05	0.31	0.18	0.14	0.27	-0.52	0.52
Cash And Short Term Investments	0.33	0.09	0.34	0.26	0.43	-0.77	0.3	1.0	0.22	0.08		0.24	-0.03	0.17	0.03	0.38	0.41	0.33	0.44	0.52	0.28	0.46	-0.18	-0.28	-0.08	0.21
Net Receivables	0.96	0.81	0.98	0.94	0.67	0.01	0.91	0.24	0.79	0.82	0.24		0.39	-0.03	0.02	0.97	0.96	0.75	0.82	0.27	0.11	0.16	0.13	0.35	-0.28	0.8
Common Stock Shares Outstanding	0.4	0.21	0.35	0.38	-0.12	0.19	0.35	-0.03	0.11	0.47	-0.03	0.39		-0.77	0.52	0.4	0.3	-0.1	0.44	-0.14	-0.11	-0.39	0.85	-0.28	-0.03	-0.13
Other Current Assets	0.09	-0.01	0.08	0.14	0.2	-0.29	0.18	0.17	0.32	-0.07	0.17	-0.03	-0.77		-0.38	0.05	0.14	0.49	0.03	0.12	0.48	0.64	-0.96	0.45	-0.32	0.4
Other Stockholder Equity	0.12	-0.5	-0.03	0.18	-0.18	-0.18	0.19	0.03	0.23	0.34	0.03	0.02	0.52	-0.38		0.06	-0.07	0.14	0.26	-0.28	0.57	0.25	0.27	-0.13	-0.49	-0.52
Total Liab	0.99	0.74	0.99	0.96	0.65	-0.09	0.95	0.38	0.83	0.81	0.38	0.97	0.4	0.05	0.06		0.98	0.77	0.91	0.34	0.22	0.27	0.07	0.29	-0.31	0.76
Total Current Assets	0.97	0.79	0.99	0.94	0.65	-0.13	0.93	0.41	0.78	0.75	0.41	0.96	0.3	0.14	-0.07	0.98		0.78	0.84	0.34	0.19	0.29	-0.02	0.34	-0.29	0.83
Accounts Payable	0.81	0.4	0.77	0.84	0.64	-0.31	0.85	0.33	0.93	0.7	0.33	0.75	-0.1	0.49	0.14	0.77	0.78		0.73	0.17	0.59	0.68	-0.48	0.53	-0.64	0.69
Non Current Liabilities Total	0.92	0.51	0.83	0.91	0.68	-0.2	0.9	0.44	0.87	0.79	0.44	0.82	0.44	0.03	0.26	0.91	0.84	0.73		0.32	0.39	0.28	0.08	0.05	-0.41	0.59
Short Long Term Debt Total	0.26	0.32	0.33	0.16	0.57	0.08	0.21	0.52	0.18	-0.05	0.52	0.27	-0.14	0.12	-0.28	0.34	0.34	0.17	0.32		-0.02	0.25	-0.09	-0.03	0.52	0.36
Short Term Investments	0.3	-0.34	0.16	0.38	0.15	-0.42	0.43	0.28	0.55	0.31	0.28	0.11	-0.11	0.48	0.57	0.22	0.19	0.59	0.39	-0.02		0.79	-0.51	0.26	-0.68	-0.05
Intangible Assets	0.3	-0.21	0.27	0.33	0.21	-0.47	0.39	0.46	0.49	0.18	0.46	0.16	-0.39	0.64	0.25	0.27	0.29	0.68	0.28	0.25	0.79		-0.72	0.51	-0.49	0.14
Common Stock	0.03	0.17	0.04	-0.02	-0.16	0.36	-0.06	-0.18	-0.26	0.14	-0.18	0.13	0.85	-0.96	0.27	0.07	-0.02	-0.48	0.08	-0.09	-0.51	-0.72		-0.45	0.35	-0.26
Good Will	0.33	0.28	0.38	0.36	0.06	0.26	0.37	-0.28	0.38	0.27	-0.28	0.35	-0.28	0.45	-0.13	0.29	0.34	0.53	0.05	-0.03	0.26	0.51	-0.45		-0.26	0.39
Short Term Debt	-0.41	0.13	-0.26	-0.52	-0.12	0.51	-0.52	-0.08	-0.62	-0.52	-0.08	-0.28	-0.03	-0.32	-0.49	-0.31	-0.29	-0.64	-0.41	0.52	-0.68	-0.49	0.35	-0.26		-0.13
Current Deferred Revenue	0.75	0.86	0.8	0.72	0.75	0.0	0.7	0.21	0.67	0.52	0.21	0.8	-0.13	0.4	-0.52	0.76	0.83	0.69	0.59	0.36	-0.05	0.14	-0.26	0.39	-0.13

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Kelly Services Account Relationship Matchups

Kelly Services fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	2.6B	2.9B	2.7B	2.6B	1.4B
Other Current Liab	358.5M	315.7M	339.2M	338.7M	348.2M	251.7M
Total Current Liabilities	884.1M	925.6M	1.1B	1.1B	1.0B	563.1M
Total Stockholder Equity	1.3B	1.2B	1.3B	1.3B	1.3B	742.1M
Property Plant And Equipment Net	103.5M	124.2M	111.1M	94.6M	71.6M	117.4M
Net Debt	39.5M	(135.6M)	(33.8M)	(83.3M)	(74.5M)	(78.2M)
Retained Earnings	1.2B	1.2B	1.3B	1.2B	1.2B	720.9M
Cash	25.8M	223M	112.7M	153.7M	125.8M	86.3M
Non Current Assets Total	1.1B	1.0B	1.3B	948.6M	955M	1.0B
Non Currrent Assets Other	324.1M	319.9M	389.1M	367.5M	260.4M	150.6M
Cash And Short Term Investments	25.8M	223M	112.7M	153.7M	125.8M	86.7M
Net Receivables	1.3B	1.3B	1.4B	1.5B	1.2B	799.9M
Common Stock Shares Outstanding	39.2M	39.3M	39.5M	38.1M	36.3M	30.6M
Liabilities And Stockholders Equity	2.5B	2.6B	2.9B	2.7B	2.6B	1.4B
Other Current Assets	76.5M	61.4M	52.8M	69.9M	340.2M	357.2M
Other Stockholder Equity	1.6M	4.2M	8.8M	7.9M	(26.7M)	(25.4M)
Total Liab	1.2B	1.4B	1.6B	1.4B	1.3B	705.0M
Total Current Assets	1.4B	1.5B	1.6B	1.7B	1.6B	974.4M
Accumulated Other Comprehensive Income	(15.8M)	(4.2M)	(27.7M)	(8.5M)	200K	190K
Accounts Payable	503.6M	536.8M	687.2M	723.3M	646.1M	678.4M
Non Current Liabilities Total	332M	433.3M	462.8M	280.8M	308M	175.9M
Short Long Term Debt Total	65.3M	87.4M	78.9M	70.4M	51.3M	61.3M
Intangible Assets	49.9M	55.6M	122M	172.4M	150.8M	158.3M
Good Will	127.8M	3.5M	114.8M	151.1M	136.0M	129.2M
Short Term Debt	22M	19.9M	17.5M	15.4M	8.4M	8.0M
Property Plant And Equipment Gross	43.1M	222M	205.1M	166.8M	185.1M	117.8M
Net Tangible Assets	1.1B	1.2B	1.2B	1.1B	1.3B	1.1B
Other Assets	503.3M	787M	691.9M	524.1M	602.7M	440.4M
Retained Earnings Total Equity	1.2B	1.2B	1.3B	1.2B	1.4B	1.0B
Capital Surpluse	22.5M	21.3M	23.9M	28M	25.2M	20.7M
Deferred Long Term Liab	187.4M	205.8M	220M	174.1M	200.2M	167.9M
Treasury Stock	(20.9M)	(17.1M)	(15.1M)	(20.1M)	(18.1M)	(19.0M)
Non Current Liabilities Other	144.6M	227.5M	86.8M	106.7M	6.8M	6.5M
Accumulated Depreciation	(182.7M)	(181.3M)	(169.8M)	(139M)	(159.9M)	(167.8M)
Property Plant Equipment	43.1M	41M	111.1M	27.8M	25.0M	23.8M

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When determining whether Kelly Services B offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kelly Services' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kelly Services B Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kelly Services B Stock:

How To Invest In Kelly

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Is Kelly Stock a good investment?

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What is Kelly Services' Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kelly Services B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Is Professional Services 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 Kelly Services. If investors know Kelly 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 Kelly Services listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.89)

Dividend Share

0.3

Earnings Share

1.16

Revenue Per Share

123.616

Quarterly Revenue Growth

(0.07)

The market value of Kelly Services B is measured differently than its book value, which is the value of Kelly that is recorded on the company's balance sheet. Investors also form their own opinion of Kelly Services' value that differs from its market value or its book value, called intrinsic value, which is Kelly Services' 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 Kelly Services' market value can be influenced by many factors that don't directly affect Kelly Services' 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 Kelly Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kelly Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kelly Services' 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.

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Kelly Good Will vs Cash And Short Term Investments Analysis

Good Will vs Cash And Short Term Investments

Good Will vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Good Will

Cash And Short Term Investments

Kelly Services fundamental ratios Correlations

Kelly Services Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kelly Services fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Current Liabilities
Retained Earnings	+ 0.99	Total Stockholder Equity

Common Stock	- 0.96	Other Current Assets
Other Current Assets	- 0.77	Common Stock Shares Outstanding
Cash And Short Term Investments	- 0.77	Net Debt
Cash	- 0.77	Net Debt
Common Stock	- 0.72	Intangible Assets
Short Term Debt	- 0.68	Short Term Investments