0KZA Other Current Assets vs Net Receivables Analysis

0KZA Stock

40.56 0.59 1.43%

SM Energy financial indicator trend analysis is much more than just breaking down SM Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SM Energy is a good investment. Please check the relationship between SM Energy Other Current Assets and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SM Energy Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Other Current Assets vs Net Receivables

Other Current Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SM Energy Other Current Assets account and Net Receivables. At this time, the significance of the direction appears to have very week relationship.

The correlation between SM Energy's Other Current Assets and Net Receivables is 0.26. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of SM Energy Co, assuming nothing else is changed. The correlation between historical values of SM Energy's Other Current Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of SM Energy Co are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Other Current Assets i.e., SM Energy's Other Current Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.26

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Net Receivables

Most indicators from SM Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SM Energy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in SM Energy Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 96.3 M in 2024. Tax Provision is likely to drop to about (231.9 M) in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	2.6B	3.3B	2.4B	2.5B
Depreciation And Amortization	809.4M	611.2M	690.5M	376.3M

Total Revenue Depreciation And Amortization

SM Energy 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	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Inventory	Short Term Investments	Good Will	Intangible Assets
Total Assets		0.73	0.4	0.62	0.87	0.99	0.65	0.54	0.71	0.33	0.99	-0.25	0.33	0.42	0.61	0.74	0.31	0.59	0.76	0.58	0.26	0.74	0.37	0.88	-0.3	0.69
Short Long Term Debt Total	0.73		0.38	0.29	0.39	0.79	0.97	-0.01	0.21	-0.25	0.8	-0.32	-0.25	0.23	0.53	0.94	0.32	0.48	0.92	-0.02	0.21	0.67	0.39	0.51	0.33	0.26
Other Current Liab	0.4	0.38		0.81	0.08	0.35	0.34	0.18	0.14	-0.03	0.38	-0.06	-0.03	0.84	0.19	0.52	0.41	-0.07	0.64	0.35	-0.63	0.26	0.26	0.51	0.24	0.25
Total Current Liabilities	0.62	0.29	0.81		0.53	0.56	0.18	0.33	0.47	0.46	0.56	0.04	0.46	0.78	0.54	0.33	0.14	0.35	0.48	0.68	-0.22	0.55	0.08	0.73	-0.22	0.56
Total Stockholder Equity	0.87	0.39	0.08	0.53		0.85	0.28	0.59	0.79	0.63	0.83	-0.09	0.63	0.24	0.65	0.35	0.02	0.71	0.38	0.68	0.49	0.72	0.12	0.76	-0.6	0.76
Property Plant And Equipment Net	0.99	0.79	0.35	0.56	0.85		0.72	0.45	0.66	0.24	1.0	-0.25	0.24	0.36	0.65	0.77	0.27	0.65	0.78	0.47	0.33	0.78	0.35	0.84	-0.24	0.64
Net Debt	0.65	0.97	0.34	0.18	0.28	0.72		-0.06	0.13	-0.42	0.74	-0.36	-0.42	0.13	0.38	0.92	0.38	0.39	0.88	-0.16	0.16	0.54	0.44	0.43	0.36	0.11
Retained Earnings	0.54	-0.01	0.18	0.33	0.59	0.45	-0.06		0.71	0.43	0.46	-0.3	0.43	0.4	-0.06	0.22	0.52	-0.15	0.22	0.78	-0.16	-0.02	0.48	0.58	-0.57	0.63
Accounts Payable	0.71	0.21	0.14	0.47	0.79	0.66	0.13	0.71		0.59	0.65	-0.01	0.59	0.23	0.31	0.25	0.16	0.35	0.27	0.71	0.24	0.35	0.2	0.69	-0.73	0.78
Cash	0.33	-0.25	-0.03	0.46	0.63	0.24	-0.42	0.43	0.59		0.22	0.27	1.0	0.2	0.38	-0.28	-0.32	0.39	-0.2	0.81	0.35	0.31	-0.28	0.4	-0.73	0.59
Non Current Assets Total	0.99	0.8	0.38	0.56	0.83	1.0	0.74	0.46	0.65	0.22		-0.24	0.22	0.37	0.61	0.79	0.29	0.62	0.8	0.45	0.29	0.76	0.36	0.85	-0.22	0.63
Non Currrent Assets Other	-0.25	-0.32	-0.06	0.04	-0.09	-0.25	-0.36	-0.3	-0.01	0.27	-0.24		0.27	0.04	0.03	-0.4	-0.81	0.15	-0.36	-0.15	0.02	0.07	-0.91	0.01	-0.17	0.09
Cash And Short Term Investments	0.33	-0.25	-0.03	0.46	0.63	0.24	-0.42	0.43	0.59	1.0	0.22	0.27		0.2	0.38	-0.28	-0.32	0.39	-0.2	0.81	0.35	0.31	-0.28	0.4	-0.73	0.59
Net Receivables	0.42	0.23	0.84	0.78	0.24	0.36	0.13	0.4	0.23	0.2	0.37	0.04	0.2		0.3	0.4	0.26	-0.06	0.53	0.51	-0.58	0.32	0.09	0.62	0.13	0.49
Common Stock Shares Outstanding	0.61	0.53	0.19	0.54	0.65	0.65	0.38	-0.06	0.31	0.38	0.61	0.03	0.38	0.3		0.36	-0.24	0.84	0.44	0.29	0.47	0.94	-0.15	0.55	0.0	0.53
Non Current Liabilities Total	0.74	0.94	0.52	0.33	0.35	0.77	0.92	0.22	0.25	-0.28	0.79	-0.4	-0.28	0.4	0.36		0.53	0.23	0.98	0.1	-0.03	0.52	0.54	0.6	0.33	0.33
Other Current Assets	0.31	0.32	0.41	0.14	0.02	0.27	0.38	0.52	0.16	-0.32	0.29	-0.81	-0.32	0.26	-0.24	0.53		-0.43	0.51	0.26	-0.44	-0.22	0.96	0.19	0.15	0.04
Other Stockholder Equity	0.59	0.48	-0.07	0.35	0.71	0.65	0.39	-0.15	0.35	0.39	0.62	0.15	0.39	-0.06	0.84	0.23	-0.43		0.26	0.15	0.73	0.88	-0.26	0.42	-0.24	0.38
Total Liab	0.76	0.92	0.64	0.48	0.38	0.78	0.88	0.22	0.27	-0.2	0.8	-0.36	-0.2	0.53	0.44	0.98	0.51	0.26		0.18	-0.09	0.58	0.5	0.65	0.33	0.39
Total Current Assets	0.58	-0.02	0.35	0.68	0.68	0.47	-0.16	0.78	0.71	0.81	0.45	-0.15	0.81	0.51	0.29	0.1	0.26	0.15	0.18		0.0	0.26	0.25	0.64	-0.62	0.69
Short Term Debt	0.26	0.21	-0.63	-0.22	0.49	0.33	0.16	-0.16	0.24	0.35	0.29	0.02	0.35	-0.58	0.47	-0.03	-0.44	0.73	-0.09	0.0		0.48	-0.19	0.06	-0.38	0.21
Common Stock	0.74	0.67	0.26	0.55	0.72	0.78	0.54	-0.02	0.35	0.31	0.76	0.07	0.31	0.32	0.94	0.52	-0.22	0.88	0.58	0.26	0.48		-0.12	0.66	-0.01	0.57
Inventory	0.37	0.39	0.26	0.08	0.12	0.35	0.44	0.48	0.2	-0.28	0.36	-0.91	-0.28	0.09	-0.15	0.54	0.96	-0.26	0.5	0.25	-0.19	-0.12		0.16	0.08	0.05
Short Term Investments	0.88	0.51	0.51	0.73	0.76	0.84	0.43	0.58	0.69	0.4	0.85	0.01	0.4	0.62	0.55	0.6	0.19	0.42	0.65	0.64	0.06	0.66	0.16		-0.34	0.78
Good Will	-0.3	0.33	0.24	-0.22	-0.6	-0.24	0.36	-0.57	-0.73	-0.73	-0.22	-0.17	-0.73	0.13	0.0	0.33	0.15	-0.24	0.33	-0.62	-0.38	-0.01	0.08	-0.34		-0.49
Intangible Assets	0.69	0.26	0.25	0.56	0.76	0.64	0.11	0.63	0.78	0.59	0.63	0.09	0.59	0.49	0.53	0.33	0.04	0.38	0.39	0.69	0.21	0.57	0.05	0.78	-0.49

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SM Energy Account Relationship Matchups

SM Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.3B	5.0B	5.2B	5.7B	6.4B	6.7B
Short Long Term Debt Total	2.7B	2.2B	2.1B	1.6B	1.6B	989.4M
Other Current Liab	266.4M	383.3M	583.1M	318.8M	296.4M	247.5M
Total Current Liabilities	472.0M	583.7M	889.3M	598.6M	633.8M	665.5M
Total Stockholder Equity	2.7B	2.0B	2.1B	3.1B	3.6B	3.8B
Property Plant And Equipment Net	6.0B	4.7B	4.6B	4.9B	5.4B	5.6B
Net Debt	2.7B	2.2B	1.7B	1.1B	959.2M	911.8M
Retained Earnings	967.6M	200.7M	234.5M	1.3B	2.1B	2.2B
Accounts Payable	52.1M	63.0M	25.1M	43.9M	107.3M	112.7M
Non Current Assets Total	6.0B	4.8B	4.6B	5.0B	5.5B	5.7B
Non Currrent Assets Other	(103.4M)	70.9M	35.0M	(184.8M)	87.1M	91.5M
Net Receivables	184.7M	162.5M	247.2M	233.3M	231.2M	134.4M
Common Stock Shares Outstanding	112.5M	113.7M	123.7M	124.1M	119.2M	73.8M
Liabilities And Stockholders Equity	6.3B	5.0B	5.2B	5.7B	6.4B	6.7B
Non Current Liabilities Total	3.1B	2.4B	2.3B	2.0B	2.1B	1.4B
Other Current Assets	74.8M	51.2M	33.3M	58.9M	69.1M	75.4M
Other Stockholder Equity	1.8B	1.8B	1.8B	1.8B	1.6B	1.6B
Total Liab	3.5B	3.0B	3.2B	2.6B	2.8B	1.7B
Total Current Assets	252.6M	203.7M	613.2M	737.2M	916.4M	962.3M
Accumulated Other Comprehensive Income	(11.3M)	(13.6M)	(12.8M)	(4.0M)	(2.6M)	(2.7M)
Common Stock	1.1M	1.1M	1.1M	1.2M	1.2M	780.9K
Inventory	55.2M	31.2M	24.1M	48.7M	56.4M	74.0M
Other Assets	46.2M	49.2M	25.8M	69.7M	62.7M	59.6M
Long Term Debt	2.9B	2.6B	2.7B	2.2B	2.0B	2.1B
Capital Surpluse	1.7B	1.8B	1.8B	1.8B	2.1B	1.9B
Property Plant Equipment	6.0B	4.7B	4.6B	4.9B	4.4B	4.3B
Other Liab	315.3M	150.3M	180.9M	436.2M	392.5M	235.6M
Net Tangible Assets	2.7B	2.0B	2.1B	3.1B	3.5B	2.8B
Deferred Long Term Liab	5.9M	4.3M	2.7M	10.8M	12.4M	13.0M

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0KZA Other Current Assets vs Net Receivables Analysis

Other Current Assets vs Net Receivables

Other Current Assets vs Net Receivables Correlation Analysis

Correlation Coefficient

Other Current Assets

Net Receivables

SM Energy fundamental ratios Correlations

SM Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SM Energy fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.98	Non Current Liabilities Total
Net Debt	+ 0.97	Short Long Term Debt Total

Inventory	- 0.91	Non Currrent Assets Other
Other Current Assets	- 0.81	Non Currrent Assets Other
Good Will	- 0.73	Cash And Short Term Investments
Good Will	- 0.73	Cash
Good Will	- 0.73	Accounts Payable
Short Term Debt	- 0.63	Other Current Liab