| OILCOUNTUB | | | 72.68 3.46 5.00% |
Oil Country financial indicator trend analysis is much more than just breaking down Oil Country Tubular prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oil Country Tubular is a good investment. Please check the relationship between Oil Country Total Assets and its Retained Earnings accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oil Country Tubular. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Total Assets vs Retained Earnings
Total Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Oil Country Tubular Total Assets account and
Retained Earnings. At this time, the significance of the direction appears to have very week relationship.
The correlation between Oil Country's Total Assets and Retained Earnings is 0.27. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Oil Country Tubular, assuming nothing else is changed. The correlation between historical values of Oil Country's Total Assets and Retained Earnings 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 Assets of Oil Country Tubular are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Assets i.e., Oil Country's Total Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.27 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Oil Country assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Oil Country Tubular books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Oil Country's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oil Country Tubular 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oil Country Tubular. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
As of the 21st of January 2025,
Selling General Administrative is likely to drop to about 5.7
M. In addition to that,
Tax Provision is likely to drop to about (56.9
M)
Oil Country fundamental ratios Correlations
Click cells to compare fundamentals
Oil Country Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Oil Country fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Oil Stock
Balance Sheet is a snapshot of the
financial position of Oil Country Tubular at a specified time, usually calculated after every quarter, six months, or one year. Oil Country Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Oil Country 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 Oil currently owns. An asset can also be divided into two categories, current and non-current.