New Payables Turnover from 2010 to 2025
| NFE Stock | USD 15.59 0.31 1.95% |
Payables Turnover | First Reported 2010-12-31 | Previous Quarter 2.09 | Current Value 1.99 | Quarterly Volatility 5.28957373 |
Check New Fortress financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Fortress' main balance sheet or income statement drivers, such as Tax Provision of 68.3 M, Interest Income of 8.2 M or Depreciation And Amortization of 226.2 M, as well as many indicators such as Price To Sales Ratio of 3.52, Dividend Yield of 0.088 or PTB Ratio of 4.08. New financial statements analysis is a perfect complement when working with New Fortress Valuation or Volatility modules.
New | Payables Turnover |
Latest New Fortress' Payables Turnover Growth Pattern
Below is the plot of the Payables Turnover of New Fortress Energy over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. New Fortress' Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in New Fortress' overall financial position and show how it may be relating to other accounts over time.
| Payables Turnover | 10 Years Trend |
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Payables Turnover |
| Timeline |
New Payables Turnover Regression Statistics
| Arithmetic Mean | 7.40 | |
| Geometric Mean | 5.80 | |
| Coefficient Of Variation | 71.46 | |
| Mean Deviation | 4.44 | |
| Median | 5.29 | |
| Standard Deviation | 5.29 | |
| Sample Variance | 27.98 | |
| Range | 16.1466 | |
| R-Value | 0.10 | |
| Mean Square Error | 29.66 | |
| R-Squared | 0.01 | |
| Significance | 0.71 | |
| Slope | 0.11 | |
| Total Sum of Squares | 419.69 |
New Payables Turnover History
About New Fortress Financial Statements
New Fortress stakeholders use historical fundamental indicators, such as New Fortress' Payables Turnover, to determine how well the company is positioned to perform in the future. Although New Fortress investors may analyze each financial statement separately, they are all interrelated. For example, changes in New Fortress' assets and liabilities are reflected in the revenues and expenses on New Fortress' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in New Fortress Energy. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Payables Turnover | 2.09 | 1.99 |
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Check out the analysis of New Fortress Correlation against competitors. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Oil & Gas Refining & Marketing 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 New Fortress. If investors know New 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 New Fortress 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 (0.90) | Dividend Share 0.4 | Earnings Share 0.91 | Revenue Per Share | Quarterly Revenue Growth 0.103 |
The market value of New Fortress Energy is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Fortress' value that differs from its market value or its book value, called intrinsic value, which is New Fortress' 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 New Fortress' market value can be influenced by many factors that don't directly affect New Fortress' 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 New Fortress' value and its price as these two are different measures arrived at by different means. Investors typically determine if New Fortress is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Fortress' 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.