Trio Property Plant And Equipment Net vs Net Receivables Analysis

TPET Stock

1.13 0.13 13.00%

Trio Petroleum financial indicator trend analysis is much more than just breaking down Trio Petroleum Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trio Petroleum Corp is a good investment. Please check the relationship between Trio Petroleum Property Plant And Equipment Net and its Net Receivables accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trio Petroleum Corp. 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.

Property Plant And Equipment Net vs Net Receivables

Property Plant And Equipment Net vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trio Petroleum Corp Property Plant And Equipment Net account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.

The correlation between Trio Petroleum's Property Plant And Equipment Net and Net Receivables is 0.63. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Trio Petroleum Corp, assuming nothing else is changed. The correlation between historical values of Trio Petroleum's Property Plant And Equipment Net 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 Property Plant And Equipment Net of Trio Petroleum Corp 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 Property Plant And Equipment Net i.e., Trio Petroleum's Property Plant And Equipment Net and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

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Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Net Receivables

Most indicators from Trio Petroleum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trio Petroleum Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Trio Petroleum Corp. 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.

Issuance Of Capital Stock is likely to gain to about 8.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 M in 2024.

	2021	2023	2024 (projected)
Interest Expense	1.7M	910.6K	903.0K
Depreciation And Amortization	2.8K	3.2K	2.2K

Interest Expense Depreciation And Amortization

Trio Petroleum fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		-0.78	0.46	-0.51	0.92	0.97	-0.94	0.84	-0.95	-0.84	-0.96	0.77	0.96	0.98	0.46	-0.66	0.96	0.95	-0.66	0.87	0.92	0.21	0.98	-0.51	0.98	0.81
Short Long Term Debt Total	-0.78		-0.45	0.89	-0.92	-0.6	0.58	-0.94	0.7	0.99	0.81	-0.27	-0.88	-0.87	-0.38	0.7	-0.88	-0.55	0.7	-0.44	-0.49	0.41	-0.84	0.89	-0.83	-0.9
Other Current Liab	0.46	-0.45		-0.39	0.54	0.39	-0.45	0.41	-0.55	-0.51	-0.58	0.34	0.58	0.43	0.99	0.09	0.58	0.45	0.09	0.2	0.51	0.05	0.57	-0.39	0.48	0.43
Total Current Liabilities	-0.51	0.89	-0.39		-0.8	-0.29	0.22	-0.89	0.34	0.84	0.49	0.14	-0.71	-0.66	-0.28	0.39	-0.71	-0.23	0.39	-0.05	-0.18	0.72	-0.64	1.0	-0.65	-0.89
Total Stockholder Equity	0.92	-0.92	0.54	-0.8		0.8	-0.74	0.98	-0.8	-0.94	-0.87	0.46	0.99	0.97	0.49	-0.56	0.99	0.76	-0.56	0.6	0.73	-0.17	0.97	-0.8	0.97	0.97
Other Liab	0.97	-0.6	0.39	-0.29	0.8		-0.98	0.69	-0.94	-0.68	-0.91	0.89	0.86	0.91	0.42	-0.59	0.86	0.99	-0.6	0.95	0.98	0.44	0.91	-0.28	0.91	0.67
Net Tangible Assets	-0.94	0.58	-0.45	0.22	-0.74	-0.98		-0.61	0.98	0.68	0.94	-0.94	-0.82	-0.86	-0.49	0.63	-0.82	-0.98	0.63	-0.96	-0.97	-0.5	-0.88	0.21	-0.86	-0.57
Property Plant And Equipment Net	0.84	-0.94	0.41	-0.89	0.98	0.69	-0.61		-0.67	-0.94	-0.77	0.3	0.94	0.93	0.34	-0.58	0.94	0.63	-0.58	0.48	0.58	-0.35	0.9	-0.89	0.92	0.99
Current Deferred Revenue	-0.95	0.7	-0.55	0.34	-0.8	-0.94	0.98	-0.67		0.78	0.99	-0.87	-0.87	-0.88	-0.58	0.66	-0.87	-0.94	0.66	-0.9	-0.93	-0.37	-0.91	0.34	-0.88	-0.63
Net Debt	-0.84	0.99	-0.51	0.84	-0.94	-0.68	0.68	-0.94	0.78		0.87	-0.38	-0.92	-0.91	-0.45	0.71	-0.92	-0.64	0.71	-0.53	-0.6	0.29	-0.9	0.84	-0.88	-0.9
Retained Earnings	-0.96	0.81	-0.58	0.49	-0.87	-0.91	0.94	-0.77	0.99	0.87		-0.78	-0.92	-0.93	-0.58	0.7	-0.92	-0.9	0.7	-0.84	-0.88	-0.21	-0.95	0.49	-0.91	-0.73
Accounts Payable	0.77	-0.27	0.34	0.14	0.46	0.89	-0.94	0.3	-0.87	-0.38	-0.78		0.58	0.63	0.43	-0.47	0.58	0.92	-0.47	0.95	0.93	0.77	0.66	0.14	0.64	0.26
Cash	0.96	-0.88	0.58	-0.71	0.99	0.86	-0.82	0.94	-0.87	-0.92	-0.92	0.58		0.98	0.55	-0.56	1.0	0.84	-0.56	0.69	0.81	-0.03	0.99	-0.71	0.99	0.93
Non Current Assets Total	0.98	-0.87	0.43	-0.66	0.97	0.91	-0.86	0.93	-0.88	-0.91	-0.93	0.63	0.98		0.41	-0.67	0.98	0.87	-0.68	0.77	0.83	0.02	0.99	-0.66	0.99	0.91
Non Currrent Assets Other	0.46	-0.38	0.99	-0.28	0.49	0.42	-0.49	0.34	-0.58	-0.45	-0.58	0.43	0.55	0.41		0.11	0.55	0.5	0.11	0.26	0.56	0.18	0.55	-0.28	0.46	0.36
Other Assets	-0.66	0.7	0.09	0.39	-0.56	-0.59	0.63	-0.58	0.66	0.71	0.7	-0.47	-0.56	-0.67	0.11		-0.56	-0.52	1.0	-0.67	-0.44	0.03	-0.58	0.39	-0.59	-0.48
Cash And Short Term Investments	0.96	-0.88	0.58	-0.71	0.99	0.86	-0.82	0.94	-0.87	-0.92	-0.92	0.58	1.0	0.98	0.55	-0.56		0.84	-0.56	0.69	0.81	-0.03	0.99	-0.71	0.99	0.93
Net Receivables	0.95	-0.55	0.45	-0.23	0.76	0.99	-0.98	0.63	-0.94	-0.64	-0.9	0.92	0.84	0.87	0.5	-0.52	0.84		-0.52	0.94	0.99	0.5	0.89	-0.23	0.89	0.62
Common Stock Shares Outstanding	-0.66	0.7	0.09	0.39	-0.56	-0.6	0.63	-0.58	0.66	0.71	0.7	-0.47	-0.56	-0.68	0.11	1.0	-0.56	-0.52		-0.67	-0.45	0.03	-0.59	0.39	-0.6	-0.49
Non Current Liabilities Total	0.87	-0.44	0.2	-0.05	0.6	0.95	-0.96	0.48	-0.9	-0.53	-0.84	0.95	0.69	0.77	0.26	-0.67	0.69	0.94	-0.67		0.92	0.6	0.76	-0.04	0.76	0.44
Inventory	0.92	-0.49	0.51	-0.18	0.73	0.98	-0.97	0.58	-0.93	-0.6	-0.88	0.93	0.81	0.83	0.56	-0.44	0.81	0.99	-0.45	0.92		0.55	0.87	-0.18	0.85	0.57
Other Current Assets	0.21	0.41	0.05	0.72	-0.17	0.44	-0.5	-0.35	-0.37	0.29	-0.21	0.77	-0.03	0.02	0.18	0.03	-0.03	0.5	0.03	0.6	0.55		0.07	0.72	0.04	-0.35
Other Stockholder Equity	0.98	-0.84	0.57	-0.64	0.97	0.91	-0.88	0.9	-0.91	-0.9	-0.95	0.66	0.99	0.99	0.55	-0.58	0.99	0.89	-0.59	0.76	0.87	0.07		-0.64	0.99	0.89
Total Liab	-0.51	0.89	-0.39	1.0	-0.8	-0.28	0.21	-0.89	0.34	0.84	0.49	0.14	-0.71	-0.66	-0.28	0.39	-0.71	-0.23	0.39	-0.04	-0.18	0.72	-0.64		-0.65	-0.89
Net Invested Capital	0.98	-0.83	0.48	-0.65	0.97	0.91	-0.86	0.92	-0.88	-0.88	-0.91	0.64	0.99	0.99	0.46	-0.59	0.99	0.89	-0.6	0.76	0.85	0.04	0.99	-0.65		0.91
Property Plant And Equipment Gross	0.81	-0.9	0.43	-0.89	0.97	0.67	-0.57	0.99	-0.63	-0.9	-0.73	0.26	0.93	0.91	0.36	-0.48	0.93	0.62	-0.49	0.44	0.57	-0.35	0.89	-0.89	0.91

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Trio Property Plant And Equipment Net vs Net Receivables Analysis

Property Plant And Equipment Net vs Net Receivables

Property Plant And Equipment Net vs Net Receivables Correlation Analysis

Correlation Coefficient

Property Plant And Equipment Net

Net Receivables

Trio Petroleum fundamental ratios Correlations

Trio Petroleum Account Relationship Matchups

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Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Common Stock Shares Outstanding	+ 1.0	Other Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Non Currrent Assets Other	+ 0.99	Other Current Liab
Cash	+ 0.99	Total Stockholder Equity

Net Receivables	- 0.98	Net Tangible Assets
Net Tangible Assets	- 0.98	Other Liab
Inventory	- 0.97	Net Tangible Assets
Non Current Liabilities Total	- 0.96	Net Tangible Assets
Retained Earnings	- 0.96	Total Assets
Other Stockholder Equity	- 0.95	Retained Earnings