Baker Change To Inventory vs Capital Expenditures Analysis

0RR8 Stock

40.12 0.31 0.78%

Baker Hughes financial indicator trend analysis is way more than just evaluating Baker Hughes prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Baker Hughes is a good investment. Please check the relationship between Baker Hughes Change To Inventory and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baker Hughes Co. 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.

Change To Inventory vs Capital Expenditures

Change To Inventory vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Baker Hughes Change To Inventory account and Capital Expenditures. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Baker Hughes' Change To Inventory and Capital Expenditures is -0.53. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Baker Hughes Co, assuming nothing else is changed. The correlation between historical values of Baker Hughes' Change To Inventory and Capital Expenditures 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 To Inventory of Baker Hughes Co are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Inventory i.e., Baker Hughes' Change To Inventory and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.53

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Capital Expenditures

Capital Expenditures are funds used by Baker Hughes to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Baker Hughes operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Baker Hughes' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Baker Hughes 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Baker Hughes Co. 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.

Tax Provision is likely to drop to about 546.5 M in 2024. Selling General Administrative is likely to drop to about 2.1 B in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	20.5B	21.2B	25.5B	22.1B
Depreciation And Amortization	1.1B	1.1B	1.1B	1.1B

Total Revenue Depreciation And Amortization

Baker Hughes 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		0.89	-0.56	0.66	0.4	0.97	0.75	0.8	0.87	0.95	0.38	0.42	0.87	0.85	0.83	0.22	0.84	0.79	-0.15	0.43	0.8	0.88	0.5	0.99	0.11	0.56
Short Long Term Debt Total	0.89		-0.74	0.85	0.29	0.96	0.92	0.93	0.86	0.76	0.55	0.41	0.86	0.96	0.5	0.57	0.99	0.86	0.23	0.66	0.96	0.98	0.41	0.92	-0.11	0.8
Other Current Liab	-0.56	-0.74		-0.62	-0.3	-0.65	-0.85	-0.83	-0.42	-0.42	-0.37	-0.24	-0.42	-0.79	-0.2	-0.62	-0.79	-0.58	-0.14	-0.38	-0.74	-0.67	0.24	-0.58	0.32	-0.73
Total Current Liabilities	0.66	0.85	-0.62		0.3	0.81	0.9	0.92	0.57	0.48	0.58	0.01	0.57	0.92	0.21	0.83	0.88	0.96	0.42	0.83	0.95	0.88	0.22	0.69	-0.45	0.96
Total Stockholder Equity	0.4	0.29	-0.3	0.3		0.36	0.34	0.37	0.16	0.4	0.43	0.21	0.16	0.36	0.36	0.13	0.35	0.29	0.04	0.29	0.34	0.29	-0.16	0.32	-0.54	0.31
Property Plant And Equipment Net	0.97	0.96	-0.65	0.81	0.36		0.85	0.9	0.88	0.87	0.43	0.33	0.88	0.94	0.67	0.43	0.94	0.89	0.04	0.56	0.91	0.97	0.45	0.97	-0.02	0.73
Net Debt	0.75	0.92	-0.85	0.9	0.34	0.85		0.98	0.6	0.61	0.66	0.31	0.6	0.95	0.34	0.74	0.95	0.87	0.31	0.74	0.96	0.88	0.15	0.77	-0.35	0.9
Accounts Payable	0.8	0.93	-0.83	0.92	0.37	0.9	0.98		0.65	0.66	0.55	0.22	0.65	0.99	0.41	0.73	0.96	0.91	0.19	0.7	0.97	0.91	0.14	0.82	-0.31	0.91
Cash	0.87	0.86	-0.42	0.57	0.16	0.88	0.6	0.65		0.77	0.29	0.44	1.0	0.74	0.61	0.2	0.8	0.64	0.07	0.38	0.73	0.88	0.67	0.9	0.23	0.49
Non Current Assets Total	0.95	0.76	-0.42	0.48	0.4	0.87	0.61	0.66	0.77		0.27	0.56	0.77	0.71	0.94	0.01	0.7	0.64	-0.33	0.27	0.63	0.73	0.54	0.92	0.28	0.35
Non Currrent Assets Other	0.38	0.55	-0.37	0.58	0.43	0.43	0.66	0.55	0.29	0.27		0.37	0.29	0.49	0.09	0.5	0.6	0.52	0.58	0.87	0.61	0.5	0.23	0.4	-0.46	0.52
Other Assets	0.42	0.41	-0.24	0.01	0.21	0.33	0.31	0.22	0.44	0.56	0.37		0.44	0.23	0.5	-0.16	0.36	0.01	-0.05	0.1	0.23	0.29	0.44	0.43	0.32	-0.04
Cash And Short Term Investments	0.87	0.86	-0.42	0.57	0.16	0.88	0.6	0.65	1.0	0.77	0.29	0.44		0.74	0.61	0.2	0.8	0.64	0.07	0.38	0.73	0.88	0.67	0.9	0.23	0.49
Net Receivables	0.85	0.96	-0.79	0.92	0.36	0.94	0.95	0.99	0.74	0.71	0.49	0.23	0.74		0.45	0.69	0.97	0.92	0.18	0.67	0.98	0.96	0.23	0.87	-0.25	0.9
Good Will	0.83	0.5	-0.2	0.21	0.36	0.67	0.34	0.41	0.61	0.94	0.09	0.5	0.61	0.45		-0.29	0.42	0.42	-0.58	0.02	0.35	0.48	0.51	0.78	0.44	0.05
Common Stock Shares Outstanding	0.22	0.57	-0.62	0.83	0.13	0.43	0.74	0.73	0.2	0.01	0.5	-0.16	0.2	0.69	-0.29		0.65	0.65	0.56	0.75	0.74	0.58	-0.18	0.27	-0.63	0.91
Non Current Liabilities Total	0.84	0.99	-0.79	0.88	0.35	0.94	0.95	0.96	0.8	0.7	0.6	0.36	0.8	0.97	0.42	0.65		0.86	0.3	0.71	0.98	0.97	0.3	0.87	-0.22	0.86
Inventory	0.79	0.86	-0.58	0.96	0.29	0.89	0.87	0.91	0.64	0.64	0.52	0.01	0.64	0.92	0.42	0.65	0.86		0.23	0.73	0.93	0.89	0.34	0.81	-0.31	0.87
Other Current Assets	-0.15	0.23	-0.14	0.42	0.04	0.04	0.31	0.19	0.07	-0.33	0.58	-0.05	0.07	0.18	-0.58	0.56	0.3	0.23		0.63	0.35	0.25	0.04	-0.09	-0.62	0.47
Other Stockholder Equity	0.43	0.66	-0.38	0.83	0.29	0.56	0.74	0.7	0.38	0.27	0.87	0.1	0.38	0.67	0.02	0.75	0.71	0.73	0.63		0.78	0.66	0.24	0.46	-0.47	0.78
Total Liab	0.8	0.96	-0.74	0.95	0.34	0.91	0.96	0.97	0.73	0.63	0.61	0.23	0.73	0.98	0.35	0.74	0.98	0.93	0.35	0.78		0.96	0.28	0.83	-0.32	0.93
Total Current Assets	0.88	0.98	-0.67	0.88	0.29	0.97	0.88	0.91	0.88	0.73	0.5	0.29	0.88	0.96	0.48	0.58	0.97	0.89	0.25	0.66	0.96		0.44	0.92	-0.14	0.83
Short Term Debt	0.5	0.41	0.24	0.22	-0.16	0.45	0.15	0.14	0.67	0.54	0.23	0.44	0.67	0.23	0.51	-0.18	0.3	0.34	0.04	0.24	0.28	0.44		0.55	0.45	0.0
Intangible Assets	0.99	0.92	-0.58	0.69	0.32	0.97	0.77	0.82	0.9	0.92	0.4	0.43	0.9	0.87	0.78	0.27	0.87	0.81	-0.09	0.46	0.83	0.92	0.55		0.13	0.58
Common Stock	0.11	-0.11	0.32	-0.45	-0.54	-0.02	-0.35	-0.31	0.23	0.28	-0.46	0.32	0.23	-0.25	0.44	-0.63	-0.22	-0.31	-0.62	-0.47	-0.32	-0.14	0.45	0.13		-0.55
Current Deferred Revenue	0.56	0.8	-0.73	0.96	0.31	0.73	0.9	0.91	0.49	0.35	0.52	-0.04	0.49	0.9	0.05	0.91	0.86	0.87	0.47	0.78	0.93	0.83	0.0	0.58	-0.55

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Baker Hughes Account Relationship Matchups

Baker Hughes fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	53.4B	38.0B	35.3B	34.2B	36.9B	43.0B
Short Long Term Debt Total	6.6B	7.6B	6.7B	6.7B	6.0B	6.1B
Other Current Liab	2.6B	2.4B	2.1B	2.3B	2.8B	2.2B
Total Current Liabilities	10.0B	10.2B	9.2B	11.1B	13.0B	10.2B
Total Stockholder Equity	34.5B	18.2B	16.7B	14.5B	15.4B	18.8B
Property Plant And Equipment Net	6.2B	5.4B	4.9B	4.5B	5.7B	5.5B
Net Debt	3.4B	3.5B	2.9B	4.2B	3.4B	2.5B
Accounts Payable	4.3B	3.5B	3.7B	4.3B	4.5B	3.8B
Cash	3.2B	4.1B	3.9B	2.5B	2.6B	3.6B
Non Current Assets Total	38.1B	21.6B	20.3B	19.6B	20.6B	20.0B
Non Currrent Assets Other	4.0B	3.8B	3.7B	4.3B	2.3B	3.2B
Other Assets	5.0B	5B	4.5B	4.2B	1M	950K
Cash And Short Term Investments	3.2B	4.1B	3.9B	2.5B	2.6B	3.6B
Net Receivables	6.4B	5.6B	5.7B	6.0B	7.1B	5.8B
Good Will	20.7B	6.0B	6.0B	5.9B	6.1B	8.8B
Common Stock Shares Outstanding	557M	675M	824M	987M	1.0B	706.2M
Liabilities And Stockholders Equity	53.4B	38.0B	35.3B	34.2B	36.9B	42.2B
Non Current Liabilities Total	8.9B	9.6B	9.4B	8.6B	8.4B	8.1B
Inventory	4.6B	4.4B	4.0B	4.6B	5.1B	4.7B
Other Current Assets	949M	2.3B	1.6B	1.6B	1.5B	1.4B
Other Stockholder Equity	23.6B	24.6B	27.4B	28.1B	27.0B	21.8B
Total Liab	18.9B	19.8B	18.6B	19.7B	21.4B	18.2B
Total Current Assets	15.2B	16.5B	15.1B	14.6B	16.3B	15.5B
Accumulated Other Comprehensive Income	(1.6B)	(1.8B)	(2.4B)	(3.0B)	(2.8B)	(2.9B)
Short Term Debt	321M	889M	40M	677M	148M	140.6M
Intangible Assets	5.4B	4.4B	4.1B	4.2B	4.1B	4.8B
Current Deferred Revenue	2.9B	3.5B	3.3B	3.8B	5.5B	3.3B
Other Liab	1.9B	2.2B	2.1B	2.0B	1.8B	1.7B
Net Tangible Assets	(4.1B)	2.5B	4.7B	4.3B	4.9B	5.2B
Long Term Debt	6.2B	6.3B	6.7B	6.7B	7.7B	7.1B
Property Plant Equipment	7.1B	6.2B	5.7B	5.3B	4.8B	5.0B

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Baker Change To Inventory vs Capital Expenditures Analysis

Change To Inventory vs Capital Expenditures

Change To Inventory vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Change To Inventory

Capital Expenditures

Baker Hughes fundamental ratios Correlations

Baker Hughes Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Baker Hughes fundamental ratios Accounts

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Additional Tools for Baker Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Net Debt	- 0.85	Other Current Liab
Accounts Payable	- 0.83	Other Current Liab
Non Current Liabilities Total	- 0.79	Other Current Liab
Net Receivables	- 0.79	Other Current Liab
Total Liab	- 0.74	Other Current Liab
Other Current Liab	- 0.74	Short Long Term Debt Total