Eastman Net Receivables vs Retained Earnings Analysis

EMN Stock

USD 104.01 2.40 2.36%

Eastman Chemical financial indicator trend analysis is much more than just examining Eastman Chemical latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastman Chemical is a good investment. Please check the relationship between Eastman Chemical Net Receivables and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastman Chemical Net Receivables account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.

The correlation between Eastman Chemical's Net Receivables and Retained Earnings is 0.63. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Eastman Chemical, assuming nothing else is changed. The correlation between historical values of Eastman Chemical's Net Receivables 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 Net Receivables of Eastman Chemical 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 Net Receivables i.e., Eastman Chemical's Net Receivables and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Receivables

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

To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.As of the 19th of November 2024, Selling General Administrative is likely to drop to about 567.4 M. In addition to that, Discontinued Operations is likely to drop to about 1.7 M

	2021	2022	2023	2024 (projected)
Gross Profit	2.5B	2.1B	2.1B	1.8B
Total Revenue	10.5B	10.6B	9.2B	7.8B

Gross Profit Total Revenue

Eastman Chemical 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	Accounts Payable	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	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Current Deferred Revenue	Short Term Debt
Total Assets		0.93	0.51	0.72	0.88	0.95	0.9	0.59	0.62	-0.02	0.99	0.12	-0.17	0.85	-0.3	0.88	0.91	0.25	-0.28	0.96	0.8	0.22	0.69	0.69	0.37	0.12
Short Long Term Debt Total	0.93		0.39	0.53	0.66	0.84	1.0	0.33	0.38	-0.28	0.96	-0.05	-0.39	0.71	-0.05	0.98	0.78	0.07	-0.03	0.99	0.57	0.01	0.55	0.55	0.28	-0.01
Other Current Liab	0.51	0.39		0.67	0.43	0.43	0.34	0.56	0.56	0.45	0.44	0.23	0.33	0.45	-0.44	0.36	0.52	0.51	-0.49	0.49	0.68	0.52	0.5	0.5	-0.04	0.33
Total Current Liabilities	0.72	0.53	0.67		0.74	0.7	0.48	0.74	0.94	0.45	0.64	0.06	0.3	0.73	-0.55	0.41	0.85	0.43	-0.7	0.63	0.9	0.68	0.62	0.62	0.4	0.65
Total Stockholder Equity	0.88	0.66	0.43	0.74		0.92	0.62	0.76	0.73	0.19	0.83	0.24	0.04	0.86	-0.48	0.58	0.85	0.34	-0.49	0.7	0.85	0.36	0.64	0.64	0.41	0.24
Property Plant And Equipment Net	0.95	0.84	0.43	0.7	0.92		0.81	0.72	0.64	0.03	0.95	0.08	-0.13	0.8	-0.46	0.78	0.88	0.13	-0.44	0.86	0.73	0.34	0.63	0.63	0.25	0.16
Net Debt	0.9	1.0	0.34	0.48	0.62	0.81		0.28	0.33	-0.36	0.94	-0.09	-0.47	0.69	0.01	0.98	0.74	0.04	0.03	0.97	0.51	-0.03	0.5	0.5	0.27	-0.05
Retained Earnings	0.59	0.33	0.56	0.74	0.76	0.72	0.28		0.77	0.45	0.52	0.24	0.3	0.63	-0.88	0.24	0.66	0.29	-0.9	0.41	0.72	0.8	0.44	0.45	0.08	0.37
Accounts Payable	0.62	0.38	0.56	0.94	0.73	0.64	0.33	0.77		0.41	0.52	0.01	0.25	0.74	-0.6	0.25	0.81	0.41	-0.77	0.47	0.87	0.76	0.55	0.55	0.32	0.64
Cash	-0.02	-0.28	0.45	0.45	0.19	0.03	-0.36	0.45	0.41		-0.12	0.44	0.97	-0.07	-0.64	-0.32	0.15	0.36	-0.62	-0.15	0.41	0.49	0.38	0.39	0.03	0.37
Non Current Assets Total	0.99	0.96	0.44	0.64	0.83	0.95	0.94	0.52	0.52	-0.12		0.05	-0.26	0.8	-0.23	0.93	0.87	0.14	-0.2	0.97	0.7	0.13	0.65	0.65	0.34	0.04
Non Currrent Assets Other	0.12	-0.05	0.23	0.06	0.24	0.08	-0.09	0.24	0.01	0.44	0.05		0.48	0.15	-0.36	0.02	-0.02	0.56	-0.13	0.03	0.36	0.03	0.31	0.31	-0.01	-0.29
Cash And Short Term Investments	-0.17	-0.39	0.33	0.3	0.04	-0.13	-0.47	0.3	0.25	0.97	-0.26	0.48		-0.18	-0.55	-0.42	0.01	0.26	-0.49	-0.27	0.27	0.34	0.34	0.34	-0.06	0.24
Net Receivables	0.85	0.71	0.45	0.73	0.86	0.8	0.69	0.63	0.74	-0.07	0.8	0.15	-0.18		-0.31	0.63	0.84	0.37	-0.38	0.74	0.86	0.35	0.59	0.59	0.36	0.2
Common Stock Shares Outstanding	-0.3	-0.05	-0.44	-0.55	-0.48	-0.46	0.01	-0.88	-0.6	-0.64	-0.23	-0.36	-0.55	-0.31		0.0	-0.43	-0.17	0.91	-0.15	-0.51	-0.8	-0.43	-0.45	0.2	-0.19
Non Current Liabilities Total	0.88	0.98	0.36	0.41	0.58	0.78	0.98	0.24	0.25	-0.32	0.93	0.02	-0.42	0.63	0.0		0.7	0.05	0.09	0.97	0.49	-0.1	0.55	0.55	0.23	-0.19
Inventory	0.91	0.78	0.52	0.85	0.85	0.88	0.74	0.66	0.81	0.15	0.87	-0.02	0.01	0.84	-0.43	0.7		0.13	-0.48	0.83	0.84	0.39	0.79	0.79	0.33	0.27
Other Current Assets	0.25	0.07	0.51	0.43	0.34	0.13	0.04	0.29	0.41	0.36	0.14	0.56	0.26	0.37	-0.17	0.05	0.13		-0.24	0.16	0.61	0.34	0.1	0.1	0.46	0.35
Other Stockholder Equity	-0.28	-0.03	-0.49	-0.7	-0.49	-0.44	0.03	-0.9	-0.77	-0.62	-0.2	-0.13	-0.49	-0.38	0.91	0.09	-0.48	-0.24		-0.12	-0.57	-0.94	-0.29	-0.3	0.03	-0.55
Total Liab	0.96	0.99	0.49	0.63	0.7	0.86	0.97	0.41	0.47	-0.15	0.97	0.03	-0.27	0.74	-0.15	0.97	0.83	0.16	-0.12		0.67	0.1	0.64	0.64	0.3	0.02
Total Current Assets	0.8	0.57	0.68	0.9	0.85	0.73	0.51	0.72	0.87	0.41	0.7	0.36	0.27	0.86	-0.51	0.49	0.84	0.61	-0.57	0.67		0.52	0.71	0.71	0.44	0.39
Property Plant And Equipment Gross	0.22	0.01	0.52	0.68	0.36	0.34	-0.03	0.8	0.76	0.49	0.13	0.03	0.34	0.35	-0.8	-0.1	0.39	0.34	-0.94	0.1	0.52		0.17	0.18	-0.04	0.61
Common Stock Total Equity	0.69	0.55	0.5	0.62	0.64	0.63	0.5	0.44	0.55	0.38	0.65	0.31	0.34	0.59	-0.43	0.55	0.79	0.1	-0.29	0.64	0.71	0.17		1.0	0.07	-0.08
Common Stock	0.69	0.55	0.5	0.62	0.64	0.63	0.5	0.45	0.55	0.39	0.65	0.31	0.34	0.59	-0.45	0.55	0.79	0.1	-0.3	0.64	0.71	0.18	1.0		0.06	-0.09
Current Deferred Revenue	0.37	0.28	-0.04	0.4	0.41	0.25	0.27	0.08	0.32	0.03	0.34	-0.01	-0.06	0.36	0.2	0.23	0.33	0.46	0.03	0.3	0.44	-0.04	0.07	0.06		0.39
Short Term Debt	0.12	-0.01	0.33	0.65	0.24	0.16	-0.05	0.37	0.64	0.37	0.04	-0.29	0.24	0.2	-0.19	-0.19	0.27	0.35	-0.55	0.02	0.39	0.61	-0.08	-0.09	0.39

Click cells to compare fundamentals

Eastman Chemical Account Relationship Matchups

Eastman Chemical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	16.0B	16.1B	15.5B	14.7B	14.6B	10.2B
Short Long Term Debt Total	5.8B	5.6B	5.2B	5.2B	5.0B	3.6B
Other Current Liab	280M	656M	808M	649M	621M	679.1M
Total Current Liabilities	1.8B	2.0B	3.0B	3.3B	2.6B	1.6B
Total Stockholder Equity	6.0B	6.0B	5.7B	5.2B	5.5B	3.1B
Property Plant And Equipment Net	5.6B	5.5B	5.0B	5.2B	5.7B	4.5B
Net Debt	5.6B	5.1B	4.7B	4.7B	4.4B	3.3B
Retained Earnings	8.0B	8.1B	8.6B	9.0B	9.5B	10.0B
Accounts Payable	890M	799M	1.2B	1.3B	1.2B	779.0M
Cash	204M	564M	459M	493M	548M	362.3M
Non Current Assets Total	12.7B	12.5B	10.9B	10.9B	11.2B	7.7B
Non Currrent Assets Other	674M	736M	874M	1M	516M	483.0M
Cash And Short Term Investments	204M	564M	459M	493M	548M	369.4M
Net Receivables	1.4B	1.0B	1.6B	1.3B	1.2B	976.9M
Common Stock Shares Outstanding	142.9M	138.5M	136.5M	137.1M	119.4M	121.3M
Liabilities And Stockholders Equity	16.0B	16.1B	15.5B	14.7B	14.6B	10.2B
Non Current Liabilities Total	8.2B	7.9B	6.8B	6.2B	6.5B	5.5B
Inventory	1.7B	1.4B	1.5B	1.9B	1.7B	1.0B
Other Current Assets	80M	565M	1.1B	114M	96M	167.7M
Other Stockholder Equity	(1.8B)	(1.8B)	(2.7B)	(3.6B)	(3.7B)	(3.5B)
Total Liab	10.0B	10.0B	9.7B	9.4B	9.1B	7.1B
Total Current Assets	3.3B	3.5B	4.6B	3.8B	3.5B	2.5B
Property Plant And Equipment Gross	5.6B	5.5B	12.7B	12.9B	13.6B	14.3B
Accumulated Other Comprehensive Income	(214M)	(273M)	(182M)	(205M)	(319M)	(335.0M)
Current Deferred Revenue	448M	638M	620M	671M	(95M)	(90.3M)
Short Term Debt	171M	405M	797M	1.1B	593M	300.4M
Intangible Assets	2.0B	1.8B	1.4B	1.2B	1.1B	1.3B
Other Liab	2.4B	2.5B	2.2B	2.0B	2.3B	2.0B
Other Assets	303M	6.3B	521M	533M	613.0M	622.3M
Long Term Debt	5.6B	5.3B	4.4B	4.0B	4.3B	3.9B
Good Will	4.4B	4.5B	3.6B	3.7B	3.6B	2.4B
Treasury Stock	(3.9B)	(4.0B)	(4.9B)	(5.9B)	(5.3B)	(5.1B)
Property Plant Equipment	5.6B	5.5B	5.0B	5.2B	5.9B	4.6B
Net Tangible Assets	(484M)	(234M)	669M	279M	251.1M	263.7M
Retained Earnings Total Equity	8.0B	8.1B	8.6B	9.0B	10.3B	6.2B
Long Term Debt Total	5.6B	5.3B	4.4B	4.0B	4.6B	5.1B
Capital Surpluse	2.1B	2.2B	2.2B	2.3B	2.7B	1.9B
Deferred Long Term Liab	915M	848M	810M	671M	771.7M	741.7M

Pair Trading with Eastman Chemical

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 Eastman Chemical 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 Eastman Chemical will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eastman Stock

0.88

Dupont De Nemours Fiscal Year End 4th of February 2025

Pair Corr

Moving against Eastman Stock

0.31

FEAM

5E Advanced Materials

Pair Corr

The ability to find closely correlated positions to Eastman Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastman Chemical 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 Eastman Chemical - 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 Eastman Chemical to buy it.

The correlation of Eastman Chemical 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 Eastman Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastman Chemical 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 Eastman Chemical 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

When determining whether Eastman Chemical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eastman Chemical's 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 Eastman Chemical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eastman Chemical Stock:

How To Invest In Eastman

Details

Is Eastman Stock a good investment?

Details

What is Eastman Chemical's Net Worth?

Details

Largest Diversified Chemicals Companies

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Largest Specialty Chemicals Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.

You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Is Diversified Chemicals 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 Eastman Chemical. If investors know Eastman 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 Eastman Chemical 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

0.027

Dividend Share

3.24

Earnings Share

7.46

Revenue Per Share

79.642

Quarterly Revenue Growth

0.087

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

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Receivables

Retained Earnings

Eastman Chemical fundamental ratios Correlations

Eastman Chemical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eastman Chemical fundamental ratios Accounts

Pair Trading with Eastman Chemical

Moving together with Eastman Stock

Moving against Eastman Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Property Plant And Equipment Gross	- 0.94	Other Stockholder Equity
Other Stockholder Equity	- 0.9	Retained Earnings
Common Stock Shares Outstanding	- 0.88	Retained Earnings
Property Plant And Equipment Gross	- 0.8	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.77	Accounts Payable
Other Stockholder Equity	- 0.7	Total Current Liabilities