State Inventory vs Net Receivables Analysis

GAS Stock

0.05 0 2.08%

State Gas financial indicator trend analysis is much more than just breaking down State Gas prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether State Gas is a good investment. Please check the relationship between State Gas Inventory and its Net Receivables accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in State Gas. 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.

Inventory vs Net Receivables

Inventory vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of State Gas Inventory account and Net Receivables. At this time, the significance of the direction appears to have totally related.

The correlation between State Gas' Inventory and Net Receivables is 1.0. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Receivables in the same time period over historical financial statements of State Gas, assuming nothing else is changed. The correlation between historical values of State Gas' Inventory 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 Inventory of State Gas 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 Inventory i.e., State Gas' Inventory and Net Receivables go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Inventory

Net Receivables

Most indicators from State Gas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into State Gas 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in State Gas. 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 gain to about 3.6 M in 2024. Issuance Of Capital Stock is likely to gain to about 8.2 M in 2024

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	181.9K	1.7K	197.8K	99.9K
Interest Income	368.0	21.2K	69.5K	73.0K

Reconciled Depreciation Interest Income

State Gas fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Deferred Long Term Liab	Other Stockholder Equity	Property Plant And Equipment Net	Net Debt	Non Current Assets Total
Total Assets		1.0	1.0	0.97	0.08	0.99	0.84	0.85	0.96	1.0	-0.91	1.0	-0.18	1.0	1.0	1.0	1.0	0.98	1.0	0.96	1.0	0.05	0.0	-0.07	-0.12	-0.13
Other Current Liab	1.0		1.0	0.96	0.01	0.98	0.87	0.82	0.97	1.0	-0.92	1.0	-0.23	1.0	1.0	1.0	1.0	0.99	1.0	0.94	1.0	0.1	0.03	-0.14	-0.19	-0.2
Total Current Liabilities	1.0	1.0		0.97	0.04	0.99	0.85	0.84	0.97	1.0	-0.91	1.0	-0.21	1.0	1.0	1.0	1.0	0.98	1.0	0.95	1.0	0.07	0.03	-0.1	-0.15	-0.17
Total Stockholder Equity	0.97	0.96	0.97		0.25	0.99	0.72	0.92	0.88	0.97	-0.85	0.96	0.01	0.96	0.97	0.96	0.96	0.92	0.96	1.0	0.97	-0.15	-0.13	0.11	0.06	0.07
Other Liab	0.08	0.01	0.04	0.25		0.2	-0.45	0.41	-0.18	0.05	0.16	0.02	0.86	0.01	0.05	0.03	0.01	-0.11	0.01	0.32	0.08	-0.54	-0.79	0.77	0.83	0.95
Net Tangible Assets	0.99	0.98	0.99	0.99	0.2		0.76	0.88	0.92	0.99	-0.88	0.98	-0.07	0.98	0.99	0.98	0.98	0.95	0.98	0.98	0.99	0.0	-0.11	0.01	-0.02	-0.01
Retained Earnings	0.84	0.87	0.85	0.72	-0.45	0.76		0.48	0.95	0.85	-0.9	0.87	-0.66	0.87	0.84	0.86	0.87	0.93	0.87	0.67	0.83	0.4	0.47	-0.48	-0.59	-0.64
Accounts Payable	0.85	0.82	0.84	0.92	0.41	0.88	0.48		0.71	0.84	-0.63	0.82	0.23	0.82	0.85	0.83	0.82	0.75	0.82	0.93	0.85	-0.36	-0.29	0.3	0.28	0.29
Cash	0.96	0.97	0.97	0.88	-0.18	0.92	0.95	0.71		0.97	-0.94	0.97	-0.42	0.97	0.96	0.97	0.97	1.0	0.97	0.85	0.96	0.24	0.24	-0.3	-0.39	-0.39
Other Assets	1.0	1.0	1.0	0.97	0.05	0.99	0.85	0.84	0.97		-0.92	1.0	-0.21	1.0	1.0	1.0	1.0	0.98	1.0	0.95	1.0	0.08	0.02	-0.1	-0.15	-0.16
Long Term Debt	-0.91	-0.92	-0.91	-0.85	0.16	-0.88	-0.9	-0.63	-0.94	-0.92		-0.92	0.42	-0.92	-0.91	-0.92	-0.92	-0.94	-0.92	-0.82	-0.91	-0.26	-0.17	0.34	0.38	0.38
Net Receivables	1.0	1.0	1.0	0.96	0.02	0.98	0.87	0.82	0.97	1.0	-0.92		-0.24	1.0	1.0	1.0	1.0	0.99	1.0	0.94	1.0	0.1	0.05	-0.13	-0.18	-0.19
Common Stock Shares Outstanding	-0.18	-0.23	-0.21	0.01	0.86	-0.07	-0.66	0.23	-0.42	-0.21	0.42	-0.24		-0.24	-0.19	-0.23	-0.24	-0.36	-0.24	0.08	-0.18	-0.72	-0.86	0.81	0.89	0.95
Inventory	1.0	1.0	1.0	0.96	0.01	0.98	0.87	0.82	0.97	1.0	-0.92	1.0	-0.24		1.0	1.0	1.0	0.99	1.0	0.94	1.0	0.1	0.05	-0.13	-0.18	-0.2
Other Current Assets	1.0	1.0	1.0	0.97	0.05	0.99	0.84	0.85	0.96	1.0	-0.91	1.0	-0.19	1.0		1.0	1.0	0.98	1.0	0.95	1.0	0.05	0.0	-0.08	-0.13	-0.15
Total Liab	1.0	1.0	1.0	0.96	0.03	0.98	0.86	0.83	0.97	1.0	-0.92	1.0	-0.23	1.0	1.0		1.0	0.99	1.0	0.95	1.0	0.09	0.04	-0.12	-0.17	-0.18
Short Long Term Debt	1.0	1.0	1.0	0.96	0.01	0.98	0.87	0.82	0.97	1.0	-0.92	1.0	-0.24	1.0	1.0	1.0		0.99	1.0	0.94	1.0	0.09	0.05	-0.13	-0.18	-0.2
Total Current Assets	0.98	0.99	0.98	0.92	-0.11	0.95	0.93	0.75	1.0	0.98	-0.94	0.99	-0.36	0.99	0.98	0.99	0.99		0.99	0.89	0.98	0.19	0.17	-0.25	-0.32	-0.32
Short Term Debt	1.0	1.0	1.0	0.96	0.01	0.98	0.87	0.82	0.97	1.0	-0.92	1.0	-0.24	1.0	1.0	1.0	1.0	0.99		0.94	1.0	0.09	0.05	-0.13	-0.18	-0.2
Common Stock	0.96	0.94	0.95	1.0	0.32	0.98	0.67	0.93	0.85	0.95	-0.82	0.94	0.08	0.94	0.95	0.95	0.94	0.89	0.94		0.96	-0.19	-0.19	0.17	0.12	0.13
Property Plant Equipment	1.0	1.0	1.0	0.97	0.08	0.99	0.83	0.85	0.96	1.0	-0.91	1.0	-0.18	1.0	1.0	1.0	1.0	0.98	1.0	0.96		0.06	0.0	-0.08	-0.12	-0.13
Deferred Long Term Liab	0.05	0.1	0.07	-0.15	-0.54	0.0	0.4	-0.36	0.24	0.08	-0.26	0.1	-0.72	0.1	0.05	0.09	0.09	0.19	0.09	-0.19	0.06		0.4	-0.8	-0.75	-0.71
Other Stockholder Equity	0.0	0.03	0.03	-0.13	-0.79	-0.11	0.47	-0.29	0.24	0.02	-0.17	0.05	-0.86	0.05	0.0	0.04	0.05	0.17	0.05	-0.19	0.0	0.4		-0.51	-0.76	-0.77
Property Plant And Equipment Net	-0.07	-0.14	-0.1	0.11	0.77	0.01	-0.48	0.3	-0.3	-0.1	0.34	-0.13	0.81	-0.13	-0.08	-0.12	-0.13	-0.25	-0.13	0.17	-0.08	-0.8	-0.51		0.86	0.86
Net Debt	-0.12	-0.19	-0.15	0.06	0.83	-0.02	-0.59	0.28	-0.39	-0.15	0.38	-0.18	0.89	-0.18	-0.13	-0.17	-0.18	-0.32	-0.18	0.12	-0.12	-0.75	-0.76	0.86		0.91
Non Current Assets Total	-0.13	-0.2	-0.17	0.07	0.95	-0.01	-0.64	0.29	-0.39	-0.16	0.38	-0.19	0.95	-0.2	-0.15	-0.18	-0.2	-0.32	-0.2	0.13	-0.13	-0.71	-0.77	0.86	0.91

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State Gas Account Relationship Matchups

State Gas fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.9M	29.5M	33.9M	40.9M	48.3M	45.9M
Other Current Liab	171.2K	207.3K	168.5K	(1K)	101.8K	96.7K
Total Current Liabilities	258.4K	2.6M	262.0K	1.4M	4.9M	4.7M
Total Stockholder Equity	11.7M	25.2M	31.3M	36.6M	40.3M	77.2M
Other Liab	915.4K	1.8M	2.3M	2.9M	2.6M	2.5M
Net Tangible Assets	11.7M	25.2M	31.3M	36.6M	32.9M	31.3M
Retained Earnings	(6.2M)	(9.2M)	(7.9M)	(9.0M)	(12.7M)	(12.0M)
Accounts Payable	87.1K	2.4M	93.5K	603.3K	2.6M	2.7M
Cash	875.0K	3.2M	3.2M	453.3K	31.8K	30.2K
Net Receivables	49.8K	162.2K	128.1K	65.2K	52.4K	49.8K
Common Stock Shares Outstanding	145.0M	165.5M	207.1M	217.5M	314.4M	330.1M
Other Current Assets	65.6K	93.6K	428.0	61.7K	111.9K	106.3K
Total Liab	1.2M	4.4M	2.6M	4.3M	8.0M	7.6M
Total Current Assets	990.4K	3.4M	3.4M	580.3K	196.1K	186.3K
Common Stock	14.8M	29.2M	36.3M	42.9M	50.0M	78.9M
Property Plant Equipment	11.8M	25.7M	30.1M	39.9M	35.9M	34.1M
Other Stockholder Equity	(8.6K)	1.0	(28.4K)	(33.9K)	(30.5K)	(29.0K)
Property Plant And Equipment Net	617.0	919.4K	741.7K	39.9M	47.7M	50.1M
Net Debt	(875.0K)	(3.2M)	(3.2M)	(253.3K)	2.1M	2.2M
Non Current Assets Total	11.9M	26.1M	30.5M	40.3M	48.1M	50.5M
Non Currrent Assets Other	11.8M	24.8M	29.4M	36.1M	37.7M	20.7M
Cash And Short Term Investments	875.0K	3.2M	3.2M	453.3K	31.8K	30.2K
Liabilities And Stockholders Equity	12.9M	29.5M	33.9M	40.9M	48.3M	26.5M
Non Current Liabilities Total	915.4K	1.8M	2.3M	2.9M	3.1M	1.7M
Net Invested Capital	11.7M	25.2M	31.3M	36.8M	42.5M	23.6M
Property Plant And Equipment Gross	11.8M	25.8M	30.4M	40.4M	48.4M	50.9M
Accumulated Other Comprehensive Income	3.1M	5.2M	2.9M	2.7M	3.0M	2.5M
Net Working Capital	732.0K	832.3K	3.1M	(787.6K)	(4.7M)	(4.5M)
Capital Stock	14.8M	29.2M	36.3M	42.9M	50.0M	34.2M

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