Patterson Change In Working Capital vs Change In Cash Analysis

PTEN Stock

USD 7.84 0.15 1.95%

Patterson UTI financial indicator trend analysis is much more than just breaking down Patterson UTI Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patterson UTI Energy is a good investment. Please check the relationship between Patterson UTI Change In Working Capital and its Change In Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson UTI Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Change In Working Capital vs Change In Cash

Change In Working Capital vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patterson UTI Energy Change In Working Capital account and Change In Cash. At this time, the significance of the direction appears to have very week relationship.

The correlation between Patterson UTI's Change In Working Capital and Change In Cash is 0.25. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Patterson UTI Energy, assuming nothing else is changed. The correlation between historical values of Patterson UTI's Change In Working Capital and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Patterson UTI Energy are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Change In Working Capital i.e., Patterson UTI's Change In Working Capital and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.25

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Change In Cash

Most indicators from Patterson UTI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patterson UTI Energy 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 Patterson UTI Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Patterson UTI's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 40 M, while Discontinued Operations is likely to drop about 2 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	93.1M	104.0M	170.8M	133.2M
Cost Of Revenue	1.9B	2.3B	3.5B	3.7B

Total Operating Expenses Cost Of Revenue

Patterson UTI fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.85	0.86	0.86	0.99	0.6	0.86	0.18	0.86	0.42	0.99	0.21	0.42	0.86	0.6	0.82	0.77	0.51	0.64	0.95	0.6	0.89	0.2	0.69	0.48	0.76
Short Long Term Debt Total	0.85		0.93	0.85	0.83	0.44	0.98	-0.17	0.77	0.63	0.82	0.37	0.63	0.76	0.76	0.64	0.77	0.72	0.77	0.82	0.74	0.83	-0.02	0.65	0.73	0.88
Other Current Liab	0.86	0.93		0.87	0.86	0.45	0.92	-0.15	0.81	0.55	0.83	0.22	0.55	0.8	0.82	0.6	0.79	0.77	0.78	0.8	0.81	0.86	0.1	0.63	0.78	0.89
Total Current Liabilities	0.86	0.85	0.87		0.86	0.2	0.87	-0.28	0.97	0.38	0.81	0.16	0.38	0.96	0.61	0.53	0.95	0.51	0.87	0.8	0.85	0.96	0.05	0.87	0.54	0.93
Total Stockholder Equity	0.99	0.83	0.86	0.86		0.54	0.84	0.12	0.86	0.42	0.98	0.23	0.42	0.84	0.6	0.73	0.8	0.49	0.69	0.88	0.57	0.87	0.27	0.72	0.48	0.78
Property Plant And Equipment Net	0.6	0.44	0.45	0.2	0.54		0.46	0.73	0.26	0.18	0.66	0.17	0.18	0.28	0.54	0.82	0.0	0.54	-0.11	0.66	0.04	0.29	0.3	-0.12	0.43	0.1
Net Debt	0.86	0.98	0.92	0.87	0.84	0.46		-0.14	0.82	0.45	0.84	0.33	0.45	0.79	0.74	0.66	0.77	0.66	0.75	0.84	0.76	0.82	0.09	0.65	0.7	0.86
Retained Earnings	0.18	-0.17	-0.15	-0.28	0.12	0.73	-0.14		-0.15	-0.2	0.26	-0.09	-0.2	-0.11	-0.15	0.59	-0.45	-0.09	-0.63	0.29	-0.49	-0.14	0.21	-0.45	-0.27	-0.47
Accounts Payable	0.86	0.77	0.81	0.97	0.86	0.26	0.82	-0.15		0.26	0.81	0.13	0.26	0.98	0.53	0.55	0.89	0.44	0.78	0.81	0.75	0.95	0.1	0.8	0.44	0.82
Cash	0.42	0.63	0.55	0.38	0.42	0.18	0.45	-0.2	0.26		0.38	0.36	1.0	0.31	0.52	0.31	0.4	0.58	0.47	0.38	0.37	0.5	-0.37	0.35	0.5	0.54
Non Current Assets Total	0.99	0.82	0.83	0.81	0.98	0.66	0.84	0.26	0.81	0.38		0.23	0.38	0.8	0.58	0.84	0.71	0.49	0.58	0.94	0.53	0.83	0.27	0.64	0.45	0.71
Non Currrent Assets Other	0.21	0.37	0.22	0.16	0.23	0.17	0.33	-0.09	0.13	0.36	0.23		0.36	0.1	0.18	0.13	0.19	0.15	0.25	0.16	0.19	0.11	0.26	0.13	0.24	0.22
Cash And Short Term Investments	0.42	0.63	0.55	0.38	0.42	0.18	0.45	-0.2	0.26	1.0	0.38	0.36		0.31	0.52	0.31	0.4	0.58	0.47	0.38	0.37	0.5	-0.37	0.35	0.5	0.54
Net Receivables	0.86	0.76	0.8	0.96	0.84	0.28	0.79	-0.11	0.98	0.31	0.8	0.1	0.31		0.53	0.6	0.86	0.46	0.73	0.83	0.76	0.97	-0.01	0.77	0.43	0.8
Common Stock Shares Outstanding	0.6	0.76	0.82	0.61	0.6	0.54	0.74	-0.15	0.53	0.52	0.58	0.18	0.52	0.53		0.43	0.52	0.95	0.57	0.56	0.63	0.61	0.11	0.33	0.97	0.69
Non Current Liabilities Total	0.82	0.64	0.6	0.53	0.73	0.82	0.66	0.59	0.55	0.31	0.84	0.13	0.31	0.6	0.43		0.32	0.42	0.14	0.93	0.33	0.62	0.03	0.27	0.3	0.38
Inventory	0.77	0.77	0.79	0.95	0.8	0.0	0.77	-0.45	0.89	0.4	0.71	0.19	0.4	0.86	0.52	0.32		0.39	0.96	0.64	0.8	0.88	0.08	0.95	0.47	0.94
Other Current Assets	0.51	0.72	0.77	0.51	0.49	0.54	0.66	-0.09	0.44	0.58	0.49	0.15	0.58	0.46	0.95	0.42	0.39		0.45	0.51	0.54	0.55	-0.07	0.19	0.93	0.58
Other Stockholder Equity	0.64	0.77	0.78	0.87	0.69	-0.11	0.75	-0.63	0.78	0.47	0.58	0.25	0.47	0.73	0.57	0.14	0.96	0.45		0.48	0.8	0.78	0.06	0.89	0.57	0.95
Total Liab	0.95	0.82	0.8	0.8	0.88	0.66	0.84	0.29	0.81	0.38	0.94	0.16	0.38	0.83	0.56	0.93	0.64	0.51	0.48		0.6	0.85	0.04	0.57	0.45	0.67
Property Plant And Equipment Gross	0.6	0.74	0.81	0.85	0.57	0.04	0.76	-0.49	0.75	0.37	0.53	0.19	0.37	0.76	0.63	0.33	0.8	0.54	0.8	0.6		0.77	-0.03	0.69	0.65	0.88
Total Current Assets	0.89	0.83	0.86	0.96	0.87	0.29	0.82	-0.14	0.95	0.5	0.83	0.11	0.5	0.97	0.61	0.62	0.88	0.55	0.78	0.85	0.77		-0.09	0.8	0.51	0.86
Short Term Debt	0.2	-0.02	0.1	0.05	0.27	0.3	0.09	0.21	0.1	-0.37	0.27	0.26	-0.37	-0.01	0.11	0.03	0.08	-0.07	0.06	0.04	-0.03	-0.09		0.0	0.1	0.04
Intangible Assets	0.69	0.65	0.63	0.87	0.72	-0.12	0.65	-0.45	0.8	0.35	0.64	0.13	0.35	0.77	0.33	0.27	0.95	0.19	0.89	0.57	0.69	0.8	0.0		0.26	0.86
Common Stock Total Equity	0.48	0.73	0.78	0.54	0.48	0.43	0.7	-0.27	0.44	0.5	0.45	0.24	0.5	0.43	0.97	0.3	0.47	0.93	0.57	0.45	0.65	0.51	0.1	0.26		0.68
Common Stock	0.76	0.88	0.89	0.93	0.78	0.1	0.86	-0.47	0.82	0.54	0.71	0.22	0.54	0.8	0.69	0.38	0.94	0.58	0.95	0.67	0.88	0.86	0.04	0.86	0.68

Click cells to compare fundamentals

Patterson UTI Account Relationship Matchups

Patterson UTI fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.4B	3.3B	3.0B	3.1B	7.4B	7.8B
Short Long Term Debt Total	1.0B	927.7M	877.3M	855.7M	1.3B	1.4B
Other Current Liab	220.2M	157.8M	221.9M	198.6M	286.4M	300.7M
Total Current Liabilities	400.6M	273.7M	435.9M	551.0M	1.1B	1.1B
Total Stockholder Equity	2.8B	2.0B	1.6B	1.7B	4.8B	5.1B
Property Plant And Equipment Net	3.3B	2.8B	2.4B	2.3B	3.5B	2.0B
Net Debt	828.9M	702.8M	759.8M	718.1M	1.2B	1.2B
Retained Earnings	1.3B	472.0M	(198.3M)	(87.4M)	57.0M	54.2M
Accounts Payable	170.5M	91.0M	190.2M	237.1M	534.4M	561.1M
Cash	174.2M	224.9M	117.5M	137.6M	192.7M	202.3M
Non Current Assets Total	3.8B	2.8B	2.4B	2.3B	5.9B	6.2B
Non Currrent Assets Other	17.8M	11.4M	11.1M	10.9M	19.4M	20.4M
Cash And Short Term Investments	174.2M	224.9M	117.5M	137.6M	192.7M	202.3M
Net Receivables	346.1M	164.6M	356.2M	565.9M	1.0B	1.1B
Common Stock Shares Outstanding	203.0M	188.0M	195.0M	219.5M	280.1M	153.1M
Liabilities And Stockholders Equity	4.4B	3.3B	3.0B	3.1B	7.4B	7.8B
Non Current Liabilities Total	1.2B	1.0B	912.5M	927.3M	1.5B	1.6B
Inventory	36.4M	33.1M	42.4M	58.0M	180.8M	189.8M
Other Current Assets	75.2M	55.3M	67.6M	67.9M	83.2M	41.9M
Other Stockholder Equity	1.5B	1.5B	1.8B	1.7B	4.7B	5.0B
Total Liab	1.6B	1.3B	1.3B	1.5B	2.6B	2.7B
Property Plant And Equipment Gross	3.3B	2.8B	8.2B	8.0B	9.3B	9.8B
Total Current Assets	631.8M	478.0M	583.7M	829.4M	1.5B	1.6B
Accumulated Other Comprehensive Income	5.5M	5.4M	5.9M	(467.9M)	472K	495.6K
Intangible Assets	71.4M	30.1M	7.5M	5.8M	1.1B	1.1B
Common Stock Total Equity	2.7M	2.7M	3.0M	3.0M	3.5M	2.0M
Common Stock	2.7M	2.7M	3.0M	3.0M	5.2M	5.4M
Other Liab	212.2M	88.7M	42.1M	76.8M	88.3M	130.0M
Other Assets	25.8M	30.0M	15.9M	27.1M	(1.5B)	(1.4B)
Long Term Debt	966.5M	901.5M	852.3M	830.9M	1.2B	707.4M
Good Will	410.8M	372.6M	30.1M	0.0	1.4B	1.4B
Treasury Stock	(1.3B)	(1.4B)	(1.4B)	(1.5B)	(1.3B)	(1.2B)
Property Plant Equipment	3.3B	2.8B	2.3B	2.3B	2.6B	2.6B
Net Tangible Assets	2.4B	2.0B	1.7B	1.7B	1.5B	1.9B
Capital Surpluse	2.9B	2.9B	3.2B	3.2B	3.7B	2.0B

Pair Trading with Patterson UTI

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Patterson UTI position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Patterson UTI will appreciate offsetting losses from the drop in the long position's value.

Moving together with Patterson Stock

0.67

PDS

Precision Drilling

Pair Corr

Moving against Patterson Stock

0.32

ICDI

Independence Contract

Pair Corr

The ability to find closely correlated positions to Patterson UTI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patterson UTI when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Patterson UTI - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Patterson UTI Energy to buy it.

The correlation of Patterson UTI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Patterson UTI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patterson UTI Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Patterson UTI can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Patterson UTI Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson UTI's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Uti Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Uti Energy Stock:

How To Invest In Patterson

Details

Is Patterson Stock a good investment?

Details

What is Patterson UTI's Net Worth?

Details

Largest Energy Equipment & Services Companies

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Largest Oil & Gas Drilling Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson UTI Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Is Energy Equipment & Services 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 Patterson UTI. If investors know Patterson 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 Patterson UTI 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

(0.93)

Dividend Share

0.32

Earnings Share

(2.20)

Revenue Per Share

14.352

Quarterly Revenue Growth

0.342

The market value of Patterson UTI Energy is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson UTI's value that differs from its market value or its book value, called intrinsic value, which is Patterson UTI's 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 Patterson UTI's market value can be influenced by many factors that don't directly affect Patterson UTI's 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 Patterson UTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson UTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson UTI's 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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Patterson Change In Working Capital vs Change In Cash Analysis

Change In Working Capital vs Change In Cash

Change In Working Capital vs Change In Cash Correlation Analysis

Correlation Coefficient

Change In Working Capital

Change In Cash

Patterson UTI fundamental ratios Correlations

Patterson UTI Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Patterson UTI fundamental ratios Accounts

Pair Trading with Patterson UTI

Moving together with Patterson Stock

Moving against Patterson Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Net Debt	+ 0.98	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Total Stockholder Equity
Net Receivables	+ 0.98	Accounts Payable

Other Stockholder Equity	- 0.63	Retained Earnings
Property Plant And Equipment Gross	- 0.49	Retained Earnings
Common Stock	- 0.47	Retained Earnings
Intangible Assets	- 0.45	Retained Earnings
Inventory	- 0.45	Retained Earnings
Short Term Debt	- 0.37	Cash And Short Term Investments