| MGY Stock | | | USD 27.68 0.27 0.97% |
Magnolia Oil financial indicator trend analysis is infinitely more than just investigating Magnolia Oil Gas recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magnolia Oil Gas is a good investment. Please check the relationship between Magnolia Oil Accounts Payable and its Net Tangible Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magnolia Oil Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Accounts Payable vs Net Tangible Assets
Accounts Payable vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Magnolia Oil Gas Accounts Payable account and
Net Tangible Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Magnolia Oil's Accounts Payable and Net Tangible Assets is 0.86. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Magnolia Oil Gas, assuming nothing else is changed. The correlation between historical values of Magnolia Oil's Accounts Payable and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Magnolia Oil Gas are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Accounts Payable i.e., Magnolia Oil's Accounts Payable and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Magnolia Oil 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 Magnolia Oil Gas 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.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Magnolia Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magnolia Oil Gas 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magnolia Oil Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
At this time, Magnolia Oil's
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.08 in 2024, whereas
Selling General Administrative is likely to drop slightly above 66.3
M in 2024.
Magnolia Oil fundamental ratios Correlations
Click cells to compare fundamentals
Magnolia Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Magnolia Oil fundamental ratios Accounts
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measure Magnolia Oil'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 Magnolia Oil is operating at the current time. Most of Magnolia Oil's value examination focuses on studying past and present price action to
predict the probability of Magnolia Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnolia Oil's price. Additionally, you may evaluate how the addition of Magnolia Oil to your portfolios can decrease your overall portfolio volatility.