National Days Payables Outstanding vs Roic Analysis

NESR Stock  USD 8.72  0.02  0.23%   
National Energy financial indicator trend analysis is infinitely more than just investigating National Energy Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Energy Services is a good investment. Please check the relationship between National Energy Days Payables Outstanding and its Roic accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Days Payables Outstanding vs Roic

Days Payables Outstanding vs Roic Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Energy Services Days Payables Outstanding account and Roic. At this time, the significance of the direction appears to have pay attention.
The correlation between National Energy's Days Payables Outstanding and Roic is -0.91. Overlapping area represents the amount of variation of Days Payables Outstanding that can explain the historical movement of Roic in the same time period over historical financial statements of National Energy Services, assuming nothing else is changed. The correlation between historical values of National Energy's Days Payables Outstanding and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Payables Outstanding of National Energy Services are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Days Payables Outstanding i.e., National Energy's Days Payables Outstanding and Roic go up and down completely randomly.

Correlation Coefficient

-0.91
Relationship DirectionNegative 
Relationship StrengthSignificant

Days Payables Outstanding

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.
Most indicators from National Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Energy Services 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 National Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
At this time, National Energy's Selling General Administrative is relatively stable compared to the past year. As of 12/12/2024, Enterprise Value is likely to grow to about 1.7 B, while Tax Provision is likely to drop slightly above 10.4 M.
 2021 2022 2023 2024 (projected)
Interest Expense15.2M34.1M45.8M48.1M
Depreciation And Amortization122.1M142.2M163.6M104.7M

National Energy fundamental ratios Correlations

0.210.140.27-0.290.11-0.040.240.210.070.050.040.24-0.3-0.280.040.270.020.170.330.16-0.040.23-0.040.21-0.04
0.210.960.98-0.980.97-0.40.590.99-0.080.870.831.0-0.97-0.990.820.990.430.990.720.99-0.41.0-0.40.95-0.4
0.140.960.89-0.910.96-0.430.410.98-0.270.960.790.95-0.86-0.920.790.930.530.950.560.99-0.430.94-0.430.99-0.43
0.270.980.89-0.990.93-0.370.730.960.090.750.760.99-0.99-1.00.760.990.370.950.80.93-0.370.99-0.370.9-0.37
-0.29-0.98-0.91-0.99-0.940.38-0.67-0.97-0.01-0.79-0.76-0.990.991.0-0.76-1.0-0.41-0.96-0.81-0.950.38-0.990.38-0.920.38
0.110.970.960.93-0.94-0.340.570.97-0.060.890.810.96-0.91-0.940.820.960.480.960.660.98-0.340.96-0.340.93-0.34
-0.04-0.4-0.43-0.370.38-0.340.07-0.40.45-0.42-0.24-0.40.320.4-0.26-0.37-0.8-0.37-0.17-0.41.0-0.371.0-0.411.0
0.240.590.410.73-0.670.570.070.530.730.160.330.62-0.74-0.660.330.65-0.070.530.780.480.070.640.070.420.07
0.210.990.980.96-0.970.97-0.40.53-0.160.90.810.99-0.94-0.980.80.980.450.980.70.99-0.40.98-0.40.98-0.4
0.07-0.08-0.270.09-0.01-0.060.450.73-0.16-0.47-0.16-0.06-0.120.0-0.15-0.01-0.46-0.130.27-0.20.45-0.020.45-0.270.45
0.050.870.960.75-0.790.89-0.420.160.9-0.470.80.85-0.72-0.80.790.820.560.890.370.94-0.420.83-0.420.93-0.42
0.040.830.790.76-0.760.81-0.240.330.81-0.160.80.79-0.77-0.771.00.760.220.890.440.85-0.240.82-0.240.72-0.24
0.241.00.950.99-0.990.96-0.40.620.99-0.060.850.79-0.97-0.990.790.990.430.980.750.98-0.41.0-0.40.95-0.4
-0.3-0.97-0.86-0.990.99-0.910.32-0.74-0.94-0.12-0.72-0.77-0.970.99-0.77-0.98-0.31-0.95-0.83-0.920.32-0.980.32-0.870.32
-0.28-0.99-0.92-1.01.0-0.940.4-0.66-0.980.0-0.8-0.77-0.990.99-0.77-0.99-0.4-0.97-0.8-0.950.4-1.00.4-0.930.4
0.040.820.790.76-0.760.82-0.260.330.8-0.150.791.00.79-0.77-0.770.760.260.890.440.85-0.260.82-0.260.71-0.26
0.270.990.930.99-1.00.96-0.370.650.98-0.010.820.760.99-0.98-0.990.760.450.960.790.96-0.370.99-0.370.94-0.37
0.020.430.530.37-0.410.48-0.8-0.070.45-0.460.560.220.43-0.31-0.40.260.450.390.190.47-0.80.38-0.80.49-0.8
0.170.990.950.95-0.960.96-0.370.530.98-0.130.890.890.98-0.95-0.970.890.960.390.690.99-0.370.98-0.370.93-0.37
0.330.720.560.8-0.810.66-0.170.780.70.270.370.440.75-0.83-0.80.440.790.190.690.63-0.170.76-0.170.6-0.17
0.160.990.990.93-0.950.98-0.40.480.99-0.20.940.850.98-0.92-0.950.850.960.470.990.63-0.40.97-0.40.97-0.4
-0.04-0.4-0.43-0.370.38-0.341.00.07-0.40.45-0.42-0.24-0.40.320.4-0.26-0.37-0.8-0.37-0.17-0.4-0.371.0-0.411.0
0.231.00.940.99-0.990.96-0.370.640.98-0.020.830.821.0-0.98-1.00.820.990.380.980.760.97-0.37-0.370.93-0.37
-0.04-0.4-0.43-0.370.38-0.341.00.07-0.40.45-0.42-0.24-0.40.320.4-0.26-0.37-0.8-0.37-0.17-0.41.0-0.37-0.411.0
0.210.950.990.9-0.920.93-0.410.420.98-0.270.930.720.95-0.87-0.930.710.940.490.930.60.97-0.410.93-0.41-0.41
-0.04-0.4-0.43-0.370.38-0.341.00.07-0.40.45-0.42-0.24-0.40.320.4-0.26-0.37-0.8-0.37-0.17-0.41.0-0.371.0-0.41
Click cells to compare fundamentals

National Energy Account Relationship Matchups

National Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding87.0M89.1M91.0M94.0M94.7M119.7M
Total Assets1.5B1.7B1.8B1.8B1.8B1.6B
Other Current Liab25.6M104.2M17.8M26.2M31.1M36.0M
Total Current Liabilities228.1M359.4M431.9M544.1M533.4M365.1M
Total Stockholder Equity886.5M944.4M821.0M802.3M821.5M836.9M
Current Deferred Revenue83.9M94.5M12.4M14.9M13.4M12.7M
Net Debt310.3M323.5M390.1M456.2M416.9M341.5M
Retained Earnings67.7M117.7M(35.8M)(75.0M)(62.4M)(59.3M)
Accounts Payable65.7M144.6M314.6M353.5M351.2M204.2M
Cash73.2M75.0M205.8M78.9M67.8M82.7M
Non Current Assets Total1.1B1.2B1.2B1.3B1.3B1.1B
Non Currrent Assets Other2.4M2.8M11.7M51.5M52.3M40.9M
Long Term Debt330.6M319.7M508.8M391.9M331.6M331.2M
Cash And Short Term Investments73.2M75.0M205.8M67.8M78.0M82.0M
Good Will570.5M574.8M620.9M645.1M741.9M581.7M
Liabilities And Stockholders Equity1.5B1.7B1.8B1.8B2.1B1.5B
Non Current Liabilities Total407.8M383.3M578.4M481.9M442.8M407.4M
Inventory78.8M94.3M93.9M110.5M98.4M83.9M
Other Current Assets52.4M15.4M12.5M16.7M20.0M17.4M
Total Liab635.9M742.6M1.0B1.0B976.2M772.5M
Net Invested Capital1.3B1.3B1.4B1.3B1.3B1.3B
Short Long Term Debt53.0M80.1M87.1M143.2M120.6M88.2M
Total Current Assets403.2M515.2M627.4M537.8M541.7M459.8M
Accumulated Other Comprehensive Income48K29K64K69K79.4K51.2K
Non Current Liabilities Other34.2M37.9M37.2M40.6M57.2M46.3M
Net Working Capital175.1M152.3M195.5M(6.3M)8.3M7.9M
Short Term Debt53.0M89.9M87.1M128.0M147.2M79.7M
Intangible Assets122.7M110.4M121.6M102.9M84.3M106.9M
Common Stock818.8M826.6M856.8M883.9M1.0B808.4M
Short Long Term Debt Total383.5M398.5M595.8M484.7M557.5M476.2M
Property Plant And Equipment Net419.3M437.7M425.5M491.0M474.3M472.4M
Net Receivables189.2M330.5M315.3M148.7M355.5M277.5M
Property Plant And Equipment Gross419.3M458.5M659.1M814.4M895.1M655.4M

Pair Trading with National Energy

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 National Energy 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 National Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against National Stock

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The ability to find closely correlated positions to National Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Energy 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 National Energy - 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 National Energy Services to buy it.
The correlation of National Energy 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 National Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Energy Services 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 National Energy 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 CorrelationCorrelation Matching

Additional Tools for National Stock Analysis

When running National Energy's price analysis, check to measure National Energy'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 National Energy is operating at the current time. Most of National Energy's value examination focuses on studying past and present price action to predict the probability of National Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Energy's price. Additionally, you may evaluate how the addition of National Energy to your portfolios can decrease your overall portfolio volatility.