Flotek Non Current Assets Total vs Accounts Payable 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 Non Current Assets Total and its Accounts Payable 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.
Non Current Assets Total vs Accounts Payable
Non Current Assets Total vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Flotek Industries Non Current Assets Total account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Flotek Industries' Non Current Assets Total and Accounts Payable is 0.53. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Accounts Payable 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' Non Current Assets Total and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Flotek Industries are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Current Assets Total i.e., Flotek Industries' Non Current Assets Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Accounts Payable
An accounting item on the balance sheet that represents Flotek Industries obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Flotek Industries are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.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 Expense | 78K | 7.1M | 2.9M | 4.2M |
Depreciation And Amortization | 1.3M | 4.3M | 8.8M | 7.4M |
Flotek Industries fundamental ratios Correlations
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Flotek Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Flotek Industries fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 231.8M | 86.2M | 50.2M | 164.8M | 157.5M | 176.5M | |
Short Long Term Debt Total | 17.7M | 14.8M | 13.3M | 119.6M | 17.9M | 17.0M | |
Other Current Liab | 24.6M | 17.6M | 8.3M | 3.2M | 5.3M | 7.9M | |
Total Current Liabilities | 41.3M | 28.9M | 18.8M | 151.4M | 47.8M | 40.7M | |
Total Stockholder Equity | 173.3M | 47.2M | 20.2M | 2.6M | 102.0M | 100.1M | |
Property Plant And Equipment Net | 56.2M | 11.4M | 7.3M | 10.7M | 10.2M | 9.7M | |
Net Debt | (82.9M) | (23.9M) | 1.7M | 107.3M | 12.0M | 11.4M | |
Retained Earnings | (139.8M) | (278.7M) | (309.2M) | (351.5M) | (326.8M) | (310.5M) | |
Cash | 100.6M | 38.7M | 11.5M | 12.3M | 5.9M | 11.5M | |
Non Current Assets Total | 79.5M | 19.8M | 7.6M | 83.7M | 81.1M | 95.3M | |
Non Currrent Assets Other | (76.5M) | 33K | 29K | 72.6M | 70.6M | 74.1M | |
Cash And Short Term Investments | 100.6M | 38.7M | 11.5M | 12.3M | 5.9M | 11.5M | |
Net Receivables | 16.3M | 12.2M | 13.3M | 48.9M | 54.1M | 29.9M | |
Common Stock Shares Outstanding | 9.8M | 11.4M | 12.2M | 12.4M | 28.4M | 29.8M | |
Liabilities And Stockholders Equity | 231.8M | 86.2M | 50.2M | 164.8M | 157.5M | 176.5M | |
Non Current Liabilities Total | 17.2M | 10.2M | 11.3M | 10.8M | 7.8M | 7.4M | |
Inventory | 21.7M | 11.8M | 9.5M | 15.7M | 12.8M | 12.2M | |
Other Stockholder Equity | 314.1M | 325.9M | 329.3M | 353.9M | 428.6M | 450.1M | |
Total Liab | 58.6M | 39.0M | 30.1M | 162.2M | 55.6M | 76.3M | |
Property Plant And Equipment Gross | 56.2M | 11.4M | 18.4M | 22.2M | 22.1M | 38.1M | |
Total Current Assets | 152.4M | 66.5M | 42.6M | 81.1M | 76.4M | 81.2M | |
Accumulated Other Comprehensive Income | (966K) | (19K) | 81K | 181K | 127K | 133.4K | |
Short Term Debt | 541K | 5.4M | 2.7M | 112.1M | 10.1M | 15.9M | |
Accounts Payable | 16.2M | 5.8M | 7.6M | 33.4M | 31.7M | 33.3M | |
Other Current Assets | 13.2M | 3.8M | 8.3M | 4.1M | 3.7M | 5.0M | |
Intangible Assets | 48.2M | 26.8M | 23.1M | 8.1M | 9.3M | 8.8M | |
Property Plant Equipment | 56.2M | 11.4M | 7.3M | 10.7M | 12.3M | 11.7M | |
Other Assets | 152K | 2.6M | 308K | 421K | 484.2K | 459.9K | |
Treasury Stock | (33.2M) | (33.5M) | (33.9M) | (34.1M) | (30.7M) | (29.2M) | |
Net Tangible Assets | 151.7M | 39.1M | 20.2M | 2.6M | 2.3M | 2.2M | |
Retained Earnings Total Equity | (37.2M) | (107.6M) | (278.7M) | (351.5M) | (316.4M) | (300.5M) | |
Long Term Debt Total | 158K | 1.7M | 3.4M | 2.8M | 2.5M | 2.4M |
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Try AI Portfolio ArchitectCheck 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 Stocks Directory module to find actively traded stocks across global markets.
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.