Flotek Inventory vs Cash And Short Term Investments Analysis

FTK Stock  USD 7.34  0.02  0.27%   
Flotek Industries financial indicator trend analysis is much more than just examining Flotek Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Flotek Industries is a good investment. Please check the relationship between Flotek Industries Inventory and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flotek Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Flotek Stock please use our How to buy in Flotek Stock guide.

Inventory vs Cash And Short Term Investments

JavaScript chart by amCharts 3.21.1520142016201820202022202410M15M20M25M30M35M40M45M50M55M60M65M70M75M80M 5M10M20M30M40M50M60M70M80M90M
JavaScript chart by amCharts 3.21.15Inventorytotal: 479.7MCash And Short Term Investmentstotal: 199.1M

Inventory vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Flotek Industries Inventory account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
InventoryCash And Short Term InvestmentsDiversified AwayInventoryCash And Short Term InvestmentsDiversified Away100%
The correlation between Flotek Industries' Inventory and Cash And Short Term Investments is -0.28. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Flotek Industries, assuming nothing else is changed. The correlation between historical values of Flotek Industries' Inventory and Cash And Short 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 Inventory of Flotek Industries are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Inventory i.e., Flotek Industries' Inventory and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.28
Relationship DirectionNegative 
Relationship StrengthInsignificant

Inventory

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Flotek Industries balance sheet. This account contains Flotek Industries investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Flotek Industries fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Flotek Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Flotek Industries 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 Flotek Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Flotek Stock please use our How to buy in Flotek Stock guide.At this time, Flotek Industries' Selling General Administrative is quite stable compared to the past year. Discontinued Operations is expected to rise to about 50.9 M this year, although Enterprise Value Multiple will most likely fall to 2.85.
 2021 2022 2023 2024 (projected)
Interest Expense78K7.1M2.9M4.2M
Depreciation And Amortization1.3M4.3M8.8M7.4M

Flotek Industries fundamental ratios Correlations

0.350.370.470.950.940.370.66-0.170.96-0.09-0.170.84-0.49-0.080.470.910.090.60.960.90.24-0.490.820.520.81
0.35-0.050.710.040.220.780.04-0.020.310.25-0.020.52-0.340.330.550.25-0.020.930.220.350.68-0.340.410.40.19
0.37-0.05-0.180.390.5-0.460.240.660.29-0.670.660.03-0.440.020.390.360.080.10.460.42-0.35-0.440.21-0.160.26
0.470.71-0.180.270.270.67-0.06-0.210.410.38-0.210.59-0.42-0.120.050.290.360.70.320.470.95-0.420.230.630.17
0.950.040.390.270.940.140.72-0.180.9-0.22-0.180.71-0.38-0.250.330.890.050.30.950.850.04-0.380.750.370.81
0.940.220.50.270.940.20.81-0.070.91-0.35-0.070.69-0.37-0.230.480.94-0.140.430.970.820.05-0.370.850.280.86
0.370.78-0.460.670.140.20.14-0.650.430.6-0.650.64-0.160.120.370.36-0.050.730.240.210.71-0.160.50.460.36
0.660.040.24-0.060.720.810.14-0.20.67-0.44-0.20.40.21-0.350.430.76-0.650.150.710.53-0.170.210.78-0.080.81
-0.17-0.020.66-0.21-0.18-0.07-0.65-0.2-0.31-0.621.0-0.4-0.160.230.07-0.280.08-0.03-0.110.08-0.3-0.16-0.31-0.22-0.36
0.960.310.290.410.90.910.430.67-0.310.04-0.310.86-0.39-0.120.390.950.030.570.950.730.22-0.390.810.530.9
-0.090.25-0.670.38-0.22-0.350.6-0.44-0.620.04-0.620.33-0.10.31-0.23-0.130.410.27-0.2-0.270.45-0.1-0.110.59-0.11
-0.17-0.020.66-0.21-0.18-0.07-0.65-0.21.0-0.31-0.62-0.4-0.160.230.07-0.280.08-0.03-0.110.08-0.3-0.16-0.31-0.22-0.36
0.840.520.030.590.710.690.640.4-0.40.860.33-0.4-0.50.110.420.760.190.720.740.670.38-0.50.730.750.69
-0.49-0.34-0.44-0.42-0.38-0.37-0.160.21-0.16-0.39-0.1-0.16-0.5-0.33-0.27-0.34-0.72-0.5-0.46-0.55-0.221.0-0.31-0.53-0.13
-0.080.330.02-0.12-0.25-0.230.12-0.350.23-0.120.310.230.11-0.330.46-0.180.260.37-0.14-0.01-0.19-0.330.020.31-0.23
0.470.550.390.050.330.480.370.430.070.39-0.230.070.42-0.270.460.46-0.260.590.430.52-0.06-0.270.660.020.38
0.910.250.360.290.890.940.360.76-0.280.95-0.13-0.280.76-0.34-0.180.46-0.120.460.940.70.1-0.340.850.350.94
0.09-0.020.080.360.05-0.14-0.05-0.650.080.030.410.080.19-0.720.26-0.26-0.120.120.020.160.27-0.72-0.30.55-0.28
0.60.930.10.70.30.430.730.15-0.030.570.27-0.030.72-0.50.370.590.460.120.480.540.59-0.50.550.60.38
0.960.220.460.320.950.970.240.71-0.110.95-0.2-0.110.74-0.46-0.140.430.940.020.480.820.09-0.460.810.430.84
0.90.350.420.470.850.820.210.530.080.73-0.270.080.67-0.55-0.010.520.70.160.540.820.23-0.550.70.410.53
0.240.68-0.350.950.040.050.71-0.17-0.30.220.45-0.30.38-0.22-0.19-0.060.10.270.590.090.23-0.220.050.460.02
-0.49-0.34-0.44-0.42-0.38-0.37-0.160.21-0.16-0.39-0.1-0.16-0.51.0-0.33-0.27-0.34-0.72-0.5-0.46-0.55-0.22-0.31-0.53-0.13
0.820.410.210.230.750.850.50.78-0.310.81-0.11-0.310.73-0.310.020.660.85-0.30.550.810.70.05-0.310.270.81
0.520.4-0.160.630.370.280.46-0.08-0.220.530.59-0.220.75-0.530.310.020.350.550.60.430.410.46-0.530.270.23
0.810.190.260.170.810.860.360.81-0.360.9-0.11-0.360.69-0.13-0.230.380.94-0.280.380.840.530.02-0.130.810.23
Click cells to compare fundamentals

Flotek Industries Account Relationship Matchups

Flotek Industries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets231.8M86.2M50.2M164.8M157.5M176.5M
Short Long Term Debt Total17.7M14.8M13.3M119.6M17.9M17.0M
Other Current Liab24.6M17.6M8.3M3.2M5.3M7.9M
Total Current Liabilities41.3M28.9M18.8M151.4M47.8M40.7M
Total Stockholder Equity173.3M47.2M20.2M2.6M102.0M100.1M
Property Plant And Equipment Net56.2M11.4M7.3M10.7M10.2M9.7M
Net Debt(82.9M)(23.9M)1.7M107.3M12.0M11.4M
Retained Earnings(139.8M)(278.7M)(309.2M)(351.5M)(326.8M)(310.5M)
Cash100.6M38.7M11.5M12.3M5.9M11.5M
Non Current Assets Total79.5M19.8M7.6M83.7M81.1M95.3M
Non Currrent Assets Other(76.5M)33K29K72.6M70.6M74.1M
Cash And Short Term Investments100.6M38.7M11.5M12.3M5.9M11.5M
Net Receivables16.3M12.2M13.3M48.9M54.1M29.9M
Common Stock Shares Outstanding9.8M11.4M12.2M12.4M28.4M29.8M
Liabilities And Stockholders Equity231.8M86.2M50.2M164.8M157.5M176.5M
Non Current Liabilities Total17.2M10.2M11.3M10.8M7.8M7.4M
Inventory21.7M11.8M9.5M15.7M12.8M12.2M
Other Stockholder Equity314.1M325.9M329.3M353.9M428.6M450.1M
Total Liab58.6M39.0M30.1M162.2M55.6M76.3M
Property Plant And Equipment Gross56.2M11.4M18.4M22.2M22.1M38.1M
Total Current Assets152.4M66.5M42.6M81.1M76.4M81.2M
Accumulated Other Comprehensive Income(966K)(19K)81K181K127K133.4K
Short Term Debt541K5.4M2.7M112.1M10.1M15.9M
Accounts Payable16.2M5.8M7.6M33.4M31.7M33.3M
Other Current Assets13.2M3.8M8.3M4.1M3.7M5.0M
Intangible Assets48.2M26.8M23.1M8.1M9.3M8.8M
Property Plant Equipment56.2M11.4M7.3M10.7M12.3M11.7M
Other Assets152K2.6M308K421K484.2K459.9K
Treasury Stock(33.2M)(33.5M)(33.9M)(34.1M)(30.7M)(29.2M)
Net Tangible Assets151.7M39.1M20.2M2.6M2.3M2.2M
Retained Earnings Total Equity(37.2M)(107.6M)(278.7M)(351.5M)(316.4M)(300.5M)
Long Term Debt Total158K1.7M3.4M2.8M2.5M2.4M

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When determining whether Flotek Industries is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Flotek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Flotek Industries Stock. Highlighted below are key reports to facilitate an investment decision about Flotek Industries Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flotek Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Flotek Stock please use our How to buy in Flotek Stock guide.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Specialty 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 Flotek Industries. If investors know Flotek 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 Flotek Industries 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
1
Earnings Share
0.24
Revenue Per Share
6.052
Quarterly Revenue Growth
0.052
Return On Assets
0.0255
The market value of Flotek Industries is measured differently than its book value, which is the value of Flotek that is recorded on the company's balance sheet. Investors also form their own opinion of Flotek Industries' value that differs from its market value or its book value, called intrinsic value, which is Flotek Industries' 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 Flotek Industries' market value can be influenced by many factors that don't directly affect Flotek Industries' 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 Flotek Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Flotek Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flotek Industries' 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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