Parker Total Assets vs Long Term Investments Analysis

PH Stock

USD 702.90 3.02 0.43%

Parker Hannifin financial indicator trend analysis is much more than just breaking down Parker Hannifin prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parker Hannifin is a good investment. Please check the relationship between Parker Hannifin Total Assets and its Long Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. 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.

For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.

Total Assets vs Long Term Investments

Total Assets vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Parker Hannifin Total Assets account and Long Term Investments. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Parker Hannifin's Total Assets and Long Term Investments is 0.47. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Parker Hannifin, assuming nothing else is changed. The correlation between historical values of Parker Hannifin's Total Assets and Long 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 Total Assets of Parker Hannifin are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Total Assets i.e., Parker Hannifin's Total Assets and Long Term Investments go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Assets

Total assets refers to the total amount of Parker Hannifin assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Parker Hannifin books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Long Term Investments

Long Term Investments is an item on the asset side of Parker Hannifin balance sheet that represents investments Parker Hannifin intends to hold for over a year. Parker Hannifin long term investments may include different instruments such as stocks, bonds, real estate and cash.

Most indicators from Parker Hannifin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parker Hannifin 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. 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.

For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.As of now, Parker Hannifin's Enterprise Value is increasing as compared to previous years.

	2021	2022	2023	2024 (projected)
Gross Profit	4.5B	6.4B	7.1B	7.5B
Total Revenue	15.9B	19.1B	19.9B	20.9B

Gross Profit Total Revenue

Parker Hannifin 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 Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.96	0.67	0.95	0.96	0.78	0.94	0.97	-0.18	0.97	0.33	-0.25	0.67	-0.82	0.93	0.99	0.35	-0.89	0.99	0.53	0.83	0.92	0.95	0.91	0.6	0.6
Short Long Term Debt Total	0.96		0.66	0.88	0.85	0.72	0.98	0.91	-0.21	0.92	0.24	-0.31	0.62	-0.87	0.96	0.92	0.44	-0.9	0.99	0.55	0.79	0.87	0.84	0.88	0.45	0.45
Other Current Liab	0.67	0.66		0.6	0.58	0.77	0.63	0.63	-0.04	0.51	0.63	-0.08	0.88	-0.48	0.68	0.61	0.74	-0.64	0.69	0.92	0.41	0.4	0.67	0.56	0.67	0.67
Total Current Liabilities	0.95	0.88	0.6		0.94	0.7	0.88	0.88	-0.23	0.93	0.26	-0.3	0.58	-0.65	0.78	0.95	0.34	-0.73	0.91	0.46	0.95	0.92	0.91	0.97	0.52	0.53
Total Stockholder Equity	0.96	0.85	0.58	0.94		0.73	0.83	0.95	-0.17	0.94	0.3	-0.23	0.6	-0.69	0.8	0.97	0.27	-0.78	0.9	0.45	0.84	0.9	0.95	0.91	0.62	0.63
Property Plant And Equipment Net	0.78	0.72	0.77	0.7	0.73		0.7	0.77	-0.07	0.77	0.58	-0.13	0.9	-0.6	0.77	0.79	0.19	-0.75	0.78	0.58	0.57	0.69	0.79	0.6	0.81	0.8
Net Debt	0.94	0.98	0.63	0.88	0.83	0.7		0.88	-0.38	0.92	0.2	-0.46	0.55	-0.84	0.94	0.91	0.45	-0.86	0.96	0.47	0.8	0.89	0.8	0.9	0.38	0.38
Retained Earnings	0.97	0.91	0.63	0.88	0.95	0.77	0.88		-0.1	0.94	0.41	-0.15	0.67	-0.86	0.92	0.96	0.28	-0.93	0.95	0.52	0.74	0.86	0.95	0.83	0.69	0.69
Cash	-0.18	-0.21	-0.04	-0.23	-0.17	-0.07	-0.38	-0.1		-0.29	0.14	0.95	0.18	0.1	-0.13	-0.21	-0.19	0.04	-0.18	0.26	-0.29	-0.37	-0.05	-0.38	0.26	0.26
Non Current Assets Total	0.97	0.92	0.51	0.93	0.94	0.77	0.92	0.94	-0.29		0.23	-0.36	0.57	-0.8	0.89	0.98	0.17	-0.85	0.95	0.33	0.86	0.98	0.9	0.9	0.53	0.53
Non Currrent Assets Other	0.33	0.24	0.63	0.26	0.3	0.58	0.2	0.41	0.14	0.23		0.3	0.67	-0.28	0.36	0.29	0.24	-0.43	0.34	0.59	0.1	0.13	0.41	0.18	0.75	0.74
Cash And Short Term Investments	-0.25	-0.31	-0.08	-0.3	-0.23	-0.13	-0.46	-0.15	0.95	-0.36	0.3		0.11	0.15	-0.21	-0.29	-0.21	0.09	-0.26	0.22	-0.35	-0.44	-0.13	-0.43	0.26	0.25
Net Receivables	0.67	0.62	0.88	0.58	0.6	0.9	0.55	0.67	0.18	0.57	0.67	0.11		-0.52	0.68	0.65	0.36	-0.69	0.68	0.8	0.39	0.44	0.75	0.45	0.83	0.82
Common Stock Shares Outstanding	-0.82	-0.87	-0.48	-0.65	-0.69	-0.6	-0.84	-0.86	0.1	-0.8	-0.28	0.15	-0.52		-0.92	-0.77	-0.25	0.96	-0.86	-0.42	-0.52	-0.71	-0.71	-0.63	-0.43	-0.44
Non Current Liabilities Total	0.93	0.96	0.68	0.78	0.8	0.77	0.94	0.92	-0.13	0.89	0.36	-0.21	0.68	-0.92		0.89	0.39	-0.96	0.97	0.58	0.64	0.79	0.83	0.76	0.54	0.55
Inventory	0.99	0.92	0.61	0.95	0.97	0.79	0.91	0.96	-0.21	0.98	0.29	-0.29	0.65	-0.77	0.89		0.26	-0.85	0.96	0.45	0.85	0.94	0.96	0.91	0.59	0.6
Other Current Assets	0.35	0.44	0.74	0.34	0.27	0.19	0.45	0.28	-0.19	0.17	0.24	-0.21	0.36	-0.25	0.39	0.26		-0.3	0.39	0.78	0.2	0.09	0.28	0.42	0.11	0.11
Other Stockholder Equity	-0.89	-0.9	-0.64	-0.73	-0.78	-0.75	-0.86	-0.93	0.04	-0.85	-0.43	0.09	-0.69	0.96	-0.96	-0.85	-0.3		-0.92	-0.56	-0.56	-0.74	-0.83	-0.69	-0.63	-0.63
Total Liab	0.99	0.99	0.69	0.91	0.9	0.78	0.96	0.95	-0.18	0.95	0.34	-0.26	0.68	-0.86	0.97	0.96	0.39	-0.92		0.56	0.8	0.89	0.91	0.88	0.56	0.57
Total Current Assets	0.53	0.55	0.92	0.46	0.45	0.58	0.47	0.52	0.26	0.33	0.59	0.22	0.8	-0.42	0.58	0.45	0.78	-0.56	0.56		0.25	0.2	0.55	0.41	0.59	0.59
Short Term Debt	0.83	0.79	0.41	0.95	0.84	0.57	0.8	0.74	-0.29	0.86	0.1	-0.35	0.39	-0.52	0.64	0.85	0.2	-0.56	0.8	0.25		0.91	0.76	0.94	0.34	0.35
Intangible Assets	0.92	0.87	0.4	0.92	0.9	0.69	0.89	0.86	-0.37	0.98	0.13	-0.44	0.44	-0.71	0.79	0.94	0.09	-0.74	0.89	0.2	0.91		0.83	0.92	0.4	0.4
Accounts Payable	0.95	0.84	0.67	0.91	0.95	0.79	0.8	0.95	-0.05	0.9	0.41	-0.13	0.75	-0.71	0.83	0.96	0.28	-0.83	0.91	0.55	0.76	0.83		0.83	0.71	0.72
Property Plant And Equipment Gross	0.91	0.88	0.56	0.97	0.91	0.6	0.9	0.83	-0.38	0.9	0.18	-0.43	0.45	-0.63	0.76	0.91	0.42	-0.69	0.88	0.41	0.94	0.92	0.83		0.38	0.38
Common Stock Total Equity	0.6	0.45	0.67	0.52	0.62	0.81	0.38	0.69	0.26	0.53	0.75	0.26	0.83	-0.43	0.54	0.59	0.11	-0.63	0.56	0.59	0.34	0.4	0.71	0.38		1.0
Common Stock	0.6	0.45	0.67	0.53	0.63	0.8	0.38	0.69	0.26	0.53	0.74	0.25	0.82	-0.44	0.55	0.6	0.11	-0.63	0.57	0.59	0.35	0.4	0.72	0.38	1.0

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Parker Hannifin Account Relationship Matchups

Parker Hannifin fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.7B	20.3B	25.9B	30.0B	29.3B	30.8B
Short Long Term Debt Total	8.5B	6.6B	11.5B	12.6B	10.6B	11.1B
Other Current Liab	1.2B	1.2B	2.2B	1.5B	1.6B	833.9M
Total Current Liabilities	3.1B	3.1B	5.9B	7.7B	7.3B	7.7B
Total Stockholder Equity	6.1B	8.4B	8.8B	10.3B	12.1B	12.7B
Property Plant And Equipment Net	2.3B	2.3B	2.1B	2.9B	2.9B	1.6B
Net Debt	7.8B	5.9B	10.9B	12.1B	10.1B	10.6B
Retained Earnings	13.5B	14.9B	15.7B	17.0B	19.1B	20.1B
Cash	685.5M	733.1M	535.8M	475.2M	422.0M	512.1M
Non Current Assets Total	14.9B	14.7B	13.9B	23.1B	22.5B	23.6B
Non Currrent Assets Other	801.0M	747.8M	878.5M	1.1B	1.0B	574.1M
Cash And Short Term Investments	756.3M	772.2M	563.7M	483.6M	422.0M	584.3M
Net Receivables	2.1B	2.5B	2.9B	3.1B	2.9B	1.5B
Common Stock Shares Outstanding	129.8M	130.8M	130.4M	129.8M	130.2M	126.3M
Liabilities And Stockholders Equity	19.7B	20.3B	25.9B	30.0B	29.3B	30.8B
Non Current Liabilities Total	10.5B	8.8B	11.2B	11.9B	9.9B	10.4B
Inventory	1.8B	2.1B	2.2B	2.9B	2.8B	2.9B
Other Current Assets	215.0M	244.0M	6.4B	615.5M	724.3M	372.2M
Other Stockholder Equity	(4.9B)	(5.0B)	(5.4B)	(5.5B)	(5.7B)	(5.4B)
Total Liab	13.6B	11.9B	17.1B	19.6B	17.2B	18.1B
Total Current Assets	4.9B	5.6B	12.0B	6.8B	6.8B	3.8B
Short Term Debt	809.5M	2.8M	1.7B	3.8B	3.4B	3.6B
Intangible Assets	3.8B	3.5B	3.1B	8.5B	7.8B	8.2B
Accounts Payable	1.1B	1.7B	1.7B	2.1B	2.0B	2.1B
Property Plant And Equipment Gross	2.3B	2.3B	5.9B	6.9B	7.1B	7.4B
Accumulated Other Comprehensive Income	(2.6B)	(1.6B)	(1.5B)	(1.3B)	(1.4B)	(1.5B)
Other Liab	2.7B	2.2B	1.5B	2.8B	3.2B	1.7B
Other Assets	128.3M	104.3M	110.6M	1.2B	1.1B	1.1B
Long Term Debt	7.7B	6.6B	9.8B	8.8B	7.2B	7.5B
Good Will	7.9B	8.1B	7.7B	10.6B	10.5B	11.0B
Treasury Stock	(4.6B)	(5.3B)	(5.4B)	(5.4B)	(4.8B)	(4.6B)
Property Plant Equipment	2.4B	2.3B	2.1B	2.9B	3.3B	2.0B
Net Tangible Assets	(5.6B)	(3.2B)	(2.0B)	10.3B	9.3B	9.8B
Noncontrolling Interest In Consolidated Entity	14.5M	15.4M	11.9M	11.4M	10.3M	16.3M
Retained Earnings Total Equity	13.5B	14.9B	15.7B	17.0B	19.6B	11.5B
Short Term Investments	70.8M	39.1M	27.9M	8.4M	(1.0B)	(982.5M)
Long Term Debt Total	7.7B	6.6B	9.8B	8.8B	10.1B	5.1B

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How To Invest In Parker

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. 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.

For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.

You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Is Industrial Machinery & Supplies & Components 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 Parker Hannifin. If investors know Parker 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 Parker Hannifin 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

0.07

Dividend Share

6.22

Earnings Share

22.21

Revenue Per Share

155.467

Quarterly Revenue Growth

0.012

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

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Parker Total Assets vs Long Term Investments Analysis

Total Assets vs Long Term Investments

Total Assets vs Long Term Investments Correlation Analysis

Correlation Coefficient

Total Assets

Long Term Investments

Parker Hannifin fundamental ratios Correlations

Parker Hannifin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Parker Hannifin fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Inventory	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Net Debt	+ 0.98	Short Long Term Debt Total
Inventory	+ 0.98	Non Current Assets Total

Other Stockholder Equity	- 0.96	Non Current Liabilities Total
Other Stockholder Equity	- 0.93	Retained Earnings
Total Liab	- 0.92	Other Stockholder Equity
Non Current Liabilities Total	- 0.92	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.9	Short Long Term Debt Total
Other Stockholder Equity	- 0.89	Total Assets