Permian Net Working Capital vs Accounts Payable Analysis
| PBT Stock | USD 13.13 0.07 0.53% |
Permian Basin financial indicator trend analysis is much more than just breaking down Permian Basin Royalty prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Permian Basin Royalty is a good investment. Please check the relationship between Permian Basin Net Working Capital and its Accounts Payable accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Permian Basin Royalty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Net Working Capital vs Accounts Payable
Net Working Capital vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Permian Basin Royalty Net Working Capital account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Permian Basin's Net Working Capital and Accounts Payable is -0.18. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Permian Basin Royalty, assuming nothing else is changed. The correlation between historical values of Permian Basin's Net Working Capital 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 Net Working Capital of Permian Basin Royalty 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 Net Working Capital i.e., Permian Basin's Net Working Capital and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.18 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Working Capital
Accounts Payable
An accounting item on the balance sheet that represents Permian Basin 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 Permian Basin Royalty 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 Permian Basin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Permian Basin Royalty 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 Permian Basin Royalty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, Permian Basin's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 24.19 in 2024, whereas Selling General Administrative is likely to drop slightly above 888.7 K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 10.7M | 53.5M | 28.0M | 37.9M | Other Operating Expenses | 1.1M | 922.4K | 1.1M | 1.1M |
Permian Basin fundamental ratios Correlations
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Permian Basin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Permian Basin's price analysis, check to measure Permian Basin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Permian Basin is operating at the current time. Most of Permian Basin's value examination focuses on studying past and present price action to predict the probability of Permian Basin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Permian Basin's price. Additionally, you may evaluate how the addition of Permian Basin to your portfolios can decrease your overall portfolio volatility.