Athabasca Total Revenue vs Net Income Analysis

ATH Stock

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Athabasca Oil financial indicator trend analysis is way more than just evaluating Athabasca Oil Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Athabasca Oil Corp is a good investment. Please check the relationship between Athabasca Oil Total Revenue and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Athabasca Oil Corp. 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.

Total Revenue vs Net Income

Total Revenue vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Athabasca Oil Corp Total Revenue account and Net Income. At this time, the significance of the direction appears to have weak relationship.

The correlation between Athabasca Oil's Total Revenue and Net Income is 0.39. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Athabasca Oil Corp, assuming nothing else is changed. The correlation between historical values of Athabasca Oil's Total Revenue and Net Income 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 Revenue of Athabasca Oil Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Revenue i.e., Athabasca Oil's Total Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

0.39

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Total Revenue

Total revenue comprises all receipts Athabasca Oil Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Athabasca Oil Corp financial statement analysis. It represents the amount of money remaining after all of Athabasca Oil Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Athabasca Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Athabasca Oil Corp 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 Athabasca Oil Corp. 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.

At this time, Athabasca Oil's Selling General Administrative is very stable compared to the past year. As of the 30th of November 2024, Tax Provision is likely to grow to about 14.8 M, while Sales General And Administrative To Revenue is likely to drop 0.06.

	2021	2022	2023	2024 (projected)
Interest Expense	77.2M	79.0M	30.4M	49.4M
Depreciation And Amortization	112.6M	130.1M	110.8M	101.2M

Interest Expense Depreciation And Amortization

Athabasca Oil 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	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock Total Equity	Common Stock
Total Assets		0.45	-0.52	0.23	0.99	0.8	-0.07	0.86	0.62	0.61	0.93	-0.45	0.67	-0.33	-0.17	0.52	0.37	-0.46	0.78	-0.44	0.71	0.42	0.87	0.32	-0.54	-0.59
Short Long Term Debt Total	0.45		-0.36	-0.15	0.34	0.57	0.64	0.32	0.03	0.43	0.46	-0.02	0.19	-0.19	-0.29	0.09	0.7	-0.52	0.27	-0.17	0.84	-0.05	0.23	0.02	-0.59	-0.58
Other Current Liab	-0.52	-0.36		-0.1	-0.53	-0.29	0.1	-0.71	0.05	-0.56	-0.38	0.2	-0.58	0.36	0.67	-0.42	-0.14	0.78	-0.47	-0.19	-0.27	0.24	-0.59	-0.41	0.56	0.78
Total Current Liabilities	0.23	-0.15	-0.1		0.28	-0.15	-0.56	0.16	0.13	0.49	0.02	0.0	0.6	0.02	0.07	0.41	-0.68	-0.06	0.18	-0.45	-0.08	-0.07	0.48	0.73	-0.17	-0.15
Total Stockholder Equity	0.99	0.34	-0.53	0.28		0.75	-0.17	0.89	0.6	0.62	0.9	-0.45	0.71	-0.35	-0.18	0.55	0.27	-0.44	0.78	-0.41	0.6	0.44	0.89	0.36	-0.51	-0.58
Property Plant And Equipment Net	0.8	0.57	-0.29	-0.15	0.75		0.15	0.57	0.53	0.47	0.93	-0.22	0.2	-0.11	0.0	-0.02	0.68	-0.26	0.55	-0.36	0.79	0.63	0.46	-0.16	-0.34	-0.32
Net Debt	-0.07	0.64	0.1	-0.56	-0.17	0.15		-0.13	-0.04	-0.42	-0.02	0.12	-0.39	0.08	-0.11	-0.14	0.7	-0.11	0.05	0.09	0.51	-0.24	-0.23	-0.39	-0.25	-0.15
Retained Earnings	0.86	0.32	-0.71	0.16	0.89	0.57	-0.13		0.34	0.54	0.71	-0.45	0.73	-0.6	-0.59	0.64	0.22	-0.7	0.78	0.03	0.44	0.18	0.87	0.44	-0.72	-0.81
Accounts Payable	0.62	0.03	0.05	0.13	0.6	0.53	-0.04	0.34		0.07	0.64	-0.54	0.2	0.16	0.36	0.17	0.3	0.11	0.5	-0.59	0.51	0.43	0.47	0.11	0.02	0.01
Cash	0.61	0.43	-0.56	0.49	0.62	0.47	-0.42	0.54	0.07		0.55	-0.18	0.7	-0.32	-0.22	0.29	-0.03	-0.48	0.26	-0.3	0.38	0.23	0.54	0.51	-0.41	-0.54
Non Current Assets Total	0.93	0.46	-0.38	0.02	0.9	0.93	-0.02	0.71	0.64	0.55		-0.45	0.47	-0.2	-0.01	0.28	0.54	-0.33	0.59	-0.45	0.74	0.59	0.64	0.09	-0.39	-0.38
Non Currrent Assets Other	-0.45	-0.02	0.2	0.0	-0.45	-0.22	0.12	-0.45	-0.54	-0.18	-0.45		-0.48	0.23	0.12	-0.53	-0.2	0.27	-0.14	0.15	-0.28	-0.1	-0.35	-0.53	0.25	0.28
Cash And Short Term Investments	0.67	0.19	-0.58	0.6	0.71	0.2	-0.39	0.73	0.2	0.7	0.47	-0.48		-0.52	-0.37	0.87	-0.16	-0.62	0.43	-0.25	0.28	-0.07	0.82	0.78	-0.54	-0.63
Net Receivables	-0.33	-0.19	0.36	0.02	-0.35	-0.11	0.08	-0.6	0.16	-0.32	-0.2	0.23	-0.52		0.65	-0.51	-0.12	0.72	-0.39	-0.37	-0.14	0.08	-0.45	-0.29	0.58	0.61
Common Stock Shares Outstanding	-0.17	-0.29	0.67	0.07	-0.18	0.0	-0.11	-0.59	0.36	-0.22	-0.01	0.12	-0.37	0.65		-0.37	-0.09	0.85	-0.31	-0.71	-0.07	0.47	-0.34	-0.37	0.78	0.81
Short Term Investments	0.52	0.09	-0.42	0.41	0.55	-0.02	-0.14	0.64	0.17	0.29	0.28	-0.53	0.87	-0.51	-0.37		-0.13	-0.53	0.41	-0.15	0.18	-0.23	0.73	0.69	-0.5	-0.55
Non Current Liabilities Total	0.37	0.7	-0.14	-0.68	0.27	0.68	0.7	0.22	0.3	-0.03	0.54	-0.2	-0.16	-0.12	-0.09	-0.13		-0.26	0.25	-0.04	0.78	0.19	0.04	-0.45	-0.25	-0.22
Inventory	-0.46	-0.52	0.78	-0.06	-0.44	-0.26	-0.11	-0.7	0.11	-0.48	-0.33	0.27	-0.62	0.72	0.85	-0.53	-0.26		-0.41	-0.35	-0.41	0.35	-0.55	-0.46	0.79	0.87
Other Current Assets	0.78	0.27	-0.47	0.18	0.78	0.55	0.05	0.78	0.5	0.26	0.59	-0.14	0.43	-0.39	-0.31	0.41	0.25	-0.41		-0.17	0.5	0.19	0.86	0.18	-0.55	-0.61
Other Stockholder Equity	-0.44	-0.17	-0.19	-0.45	-0.41	-0.36	0.09	0.03	-0.59	-0.3	-0.45	0.15	-0.25	-0.37	-0.71	-0.15	-0.04	-0.35	-0.17		-0.43	-0.42	-0.3	-0.12	-0.22	-0.22
Total Liab	0.71	0.84	-0.27	-0.08	0.6	0.79	0.51	0.44	0.51	0.38	0.74	-0.28	0.28	-0.14	-0.07	0.18	0.78	-0.41	0.5	-0.43		0.19	0.46	0.02	-0.5	-0.45
Property Plant And Equipment Gross	0.42	-0.05	0.24	-0.07	0.44	0.63	-0.24	0.18	0.43	0.23	0.59	-0.1	-0.07	0.08	0.47	-0.23	0.19	0.35	0.19	-0.42	0.19		0.11	-0.31	0.22	0.21
Total Current Assets	0.87	0.23	-0.59	0.48	0.89	0.46	-0.23	0.87	0.47	0.54	0.64	-0.35	0.82	-0.45	-0.34	0.73	0.04	-0.55	0.86	-0.3	0.46	0.11		0.54	-0.59	-0.67
Short Term Debt	0.32	0.02	-0.41	0.73	0.36	-0.16	-0.39	0.44	0.11	0.51	0.09	-0.53	0.78	-0.29	-0.37	0.69	-0.45	-0.46	0.18	-0.12	0.02	-0.31	0.54		-0.51	-0.54
Common Stock Total Equity	-0.54	-0.59	0.56	-0.17	-0.51	-0.34	-0.25	-0.72	0.02	-0.41	-0.39	0.25	-0.54	0.58	0.78	-0.5	-0.25	0.79	-0.55	-0.22	-0.5	0.22	-0.59	-0.51		0.87
Common Stock	-0.59	-0.58	0.78	-0.15	-0.58	-0.32	-0.15	-0.81	0.01	-0.54	-0.38	0.28	-0.63	0.61	0.81	-0.55	-0.22	0.87	-0.61	-0.22	-0.45	0.21	-0.67	-0.54	0.87

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Athabasca Oil Account Relationship Matchups

Athabasca Oil fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.1B	1.4B	1.7B	2.2B	2.0B	2.0B
Short Long Term Debt Total	571.9M	569.1M	392.8M	210.5M	185.5M	176.3M
Other Current Liab	177.7M	109.9M	211.7M	216.2M	52.2M	97.0M
Total Current Liabilities	177.7M	109.9M	286.4M	274.5M	185.1M	241.4M
Total Stockholder Equity	1.2B	567.0M	1.0B	1.7B	1.6B	1.4B
Property Plant And Equipment Net	1.5B	976.2M	1.3B	1.4B	1.1B	1.6B
Net Debt	305.3M	394.3M	161.2M	8.6M	(157.8M)	(149.9M)
Retained Earnings	(1.1B)	(1.8B)	(1.3B)	(770.5M)	(821.7M)	(780.6M)
Accounts Payable	154.8M	104.0M	112.0M	126.1M	129.7M	123.0M
Cash	254.4M	165.2M	223.1M	197.5M	343.3M	252.0M
Non Current Assets Total	1.6B	1.2B	1.4B	1.9B	1.5B	1.9B
Non Currrent Assets Other	123.2M	180.0M	52.6M	50.4M	37.7M	39.6M
Cash And Short Term Investments	254.4M	165.2M	223.1M	197.5M	343.3M	396.5M
Net Receivables	120.2M	62.5M	88.8M	89.5M	100.1M	71.8M
Common Stock Shares Outstanding	526.3M	528.8M	546.7M	586.9M	583.8M	476.6M
Liabilities And Stockholders Equity	2.1B	1.4B	1.7B	2.2B	2.0B	2.0B
Non Current Liabilities Total	695.7M	749.1M	429.7M	245.4M	280.1M	442.5M
Inventory	42.4M	30.4M	43.0M	56.9M	42.5M	25.7M
Other Current Assets	45.0M	11.6M	15.2M	12.7M	14.7M	14.0M
Other Stockholder Equity	129.5M	125.5M	126.6M	128.1M	131.7M	190.3M
Total Liab	873.4M	859.0M	716.2M	519.9M	465.2M	618.0M
Property Plant And Equipment Gross	1.5B	976.2M	3.2B	3.3B	2.7B	2.0B
Total Current Assets	462.1M	269.7M	370.1M	356.6M	500.6M	641.5M
Common Stock Total Equity	2.2B	2.2B	2.2B	2.2B	2.6B	2.3B
Common Stock	2.2B	2.2B	2.2B	2.4B	2.3B	2.4B
Other Liab	119.7M	180.0M	113.4M	93.9M	84.5M	106.8M
Net Tangible Assets	1.2B	567.0M	1.0B	1.7B	1.5B	1.4B
Long Term Debt	559.7M	559.5M	309.6M	147.8M	179.7M	170.7M
Property Plant Equipment	1.5B	976.2M	1.3B	1.4B	1.3B	1.4B
Other Assets	123.2M	180.0M	52.6M	463.7M	533.2M	559.9M
Long Term Debt Total	571.9M	569.1M	318.0M	152.2M	137.0M	130.2M
Capital Surpluse	129.5M	125.5M	126.6M	128.1M	115.3M	107.6M
Cash And Equivalents	254.4M	165.2M	223.1M	197.5M	227.2M	169.3M
Net Invested Capital	1.8B	1.1B	1.4B	1.9B	1.8B	1.3B

Pair Trading with Athabasca Oil

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 Athabasca Oil 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 Athabasca Oil will appreciate offsetting losses from the drop in the long position's value.

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

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

Other Information on Investing in Athabasca Stock

Balance Sheet is a snapshot of the financial position of Athabasca Oil Corp at a specified time, usually calculated after every quarter, six months, or one year. Athabasca Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Athabasca Oil and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Athabasca currently owns. An asset can also be divided into two categories, current and non-current.

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Athabasca Total Revenue vs Net Income Analysis

Total Revenue vs Net Income

Total Revenue vs Net Income Correlation Analysis

Correlation Coefficient

Total Revenue

Net Income

Athabasca Oil fundamental ratios Correlations

Athabasca Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Athabasca Oil fundamental ratios Accounts

Pair Trading with Athabasca Oil

Other Information on Investing in Athabasca Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.93	Total Assets
Non Current Assets Total	+ 0.93	Property Plant And Equipment Net
Non Current Assets Total	+ 0.9	Total Stockholder Equity
Retained Earnings	+ 0.89	Total Stockholder Equity
Total Current Assets	+ 0.89	Total Stockholder Equity

Common Stock	- 0.81	Retained Earnings
Common Stock Total Equity	- 0.72	Retained Earnings
Other Stockholder Equity	- 0.71	Common Stock Shares Outstanding
Retained Earnings	- 0.71	Other Current Liab
Inventory	- 0.7	Retained Earnings
Non Current Liabilities Total	- 0.68	Total Current Liabilities