Par Capital Expenditures vs Net Income Analysis

PARR Stock  USD 15.39  1.07  6.50%   
Par Pacific financial indicator trend analysis is much more than just breaking down Par Pacific Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Par Pacific Holdings is a good investment. Please check the relationship between Par Pacific Capital Expenditures and its Net Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Par Pacific Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Capital Expenditures vs Net Income

Capital Expenditures vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Par Pacific Holdings Capital Expenditures account and Net Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Par Pacific's Capital Expenditures and Net Income is 0.34. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income in the same time period over historical financial statements of Par Pacific Holdings, assuming nothing else is changed. The correlation between historical values of Par Pacific's Capital Expenditures and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Par Pacific Holdings are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Capital Expenditures i.e., Par Pacific's Capital Expenditures and Net Income go up and down completely randomly.

Correlation Coefficient

0.34
Relationship DirectionPositive 
Relationship StrengthVery Weak

Capital Expenditures

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

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Par Pacific Holdings financial statement analysis. It represents the amount of money remaining after all of Par Pacific Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Par Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Par Pacific Holdings 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 Par Pacific Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Par Pacific's Selling General Administrative is relatively stable compared to the past year. As of 12/17/2024, Tax Provision is likely to grow to about 7 M, while Issuance Of Capital Stock is likely to drop 0.00.
 2021 2022 2023 2024 (projected)
Total Operating Expenses347.8M404.6M594.0M623.7M
Cost Of Revenue4.4B6.5B7.0B7.3B

Par Pacific fundamental ratios Correlations

0.890.90.960.870.930.760.540.920.960.850.960.860.93-0.020.980.970.970.780.78-0.110.930.860.220.910.87
0.890.750.850.650.960.920.310.760.960.660.760.790.960.130.920.930.760.560.560.180.880.860.310.940.64
0.90.750.960.640.840.640.410.730.830.650.820.790.84-0.010.940.880.90.820.82-0.280.820.810.380.770.79
0.960.850.960.750.90.710.380.840.90.760.880.80.880.10.980.950.950.840.84-0.080.880.840.330.820.87
0.870.650.640.750.710.50.690.940.790.920.940.730.7-0.120.750.770.890.70.7-0.140.790.65-0.10.730.86
0.930.960.840.90.710.930.320.830.990.720.820.770.970.160.960.980.820.610.610.010.880.840.30.920.73
0.760.920.640.710.50.930.170.670.90.550.620.650.910.180.820.860.580.280.280.070.760.740.390.870.47
0.540.310.410.380.690.320.170.580.430.60.680.640.48-0.790.440.370.610.470.47-0.550.450.36-0.10.530.49
0.920.760.730.840.940.830.670.580.870.960.940.710.8-0.030.850.890.910.650.65-0.120.810.670.130.780.9
0.960.960.830.90.790.990.90.430.870.770.880.840.980.070.960.970.860.630.63-0.030.920.880.260.960.75
0.850.660.650.760.920.720.550.60.960.770.890.680.7-0.090.760.80.870.630.63-0.130.770.610.060.710.92
0.960.760.820.880.940.820.620.680.940.880.890.850.83-0.150.890.870.970.750.75-0.210.880.780.140.830.87
0.860.790.790.80.730.770.650.640.710.840.680.850.88-0.250.860.770.830.680.68-0.240.940.940.280.910.63
0.930.960.840.880.70.970.910.480.80.980.70.830.88-0.060.960.940.820.60.6-0.110.910.890.330.980.67
-0.020.13-0.010.1-0.120.160.18-0.79-0.030.07-0.09-0.15-0.25-0.060.030.13-0.1-0.04-0.040.640.070.080.06-0.110.03
0.980.920.940.980.750.960.820.440.850.960.760.890.860.960.030.980.920.760.76-0.090.920.890.340.920.81
0.970.930.880.950.770.980.860.370.890.970.80.870.770.940.130.980.890.690.69-0.020.890.830.330.90.83
0.970.760.90.950.890.820.580.610.910.860.870.970.830.82-0.10.920.890.880.88-0.180.870.790.170.80.93
0.780.560.820.840.70.610.280.470.650.630.630.750.680.6-0.040.760.690.881.0-0.110.710.67-0.010.570.83
0.780.560.820.840.70.610.280.470.650.630.630.750.680.6-0.040.760.690.881.0-0.110.710.67-0.010.570.83
-0.110.18-0.28-0.08-0.140.010.07-0.55-0.12-0.03-0.13-0.21-0.24-0.110.64-0.09-0.02-0.18-0.11-0.11-0.05-0.04-0.08-0.09-0.11
0.930.880.820.880.790.880.760.450.810.920.770.880.940.910.070.920.890.870.710.71-0.050.980.290.920.74
0.860.860.810.840.650.840.740.360.670.880.610.780.940.890.080.890.830.790.670.67-0.040.980.350.90.61
0.220.310.380.33-0.10.30.39-0.10.130.260.060.140.280.330.060.340.330.17-0.01-0.01-0.080.290.350.270.05
0.910.940.770.820.730.920.870.530.780.960.710.830.910.98-0.110.920.90.80.570.57-0.090.920.90.270.65
0.870.640.790.870.860.730.470.490.90.750.920.870.630.670.030.810.830.930.830.83-0.110.740.610.050.65
Click cells to compare fundamentals

Par Pacific Account Relationship Matchups

Par Pacific fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B2.1B2.6B3.3B3.9B4.1B
Short Long Term Debt Total1.0B1.1B961.0M870.6M1.0B1.1B
Other Current Liab771.7M623.3M1.1B1.5B1.0B1.1B
Total Current Liabilities1.0B878.7M1.4B1.8B1.5B1.6B
Total Stockholder Equity648.2M246.3M265.7M644.5M1.3B1.4B
Property Plant And Equipment Net1.4B1.3B1.2B1.2B1.4B1.5B
Net Debt913.1M1.0B848.8M379.7M739.5M776.5M
Retained Earnings(67.9M)(477.0M)(559.1M)(200.7M)465.9M489.1M
Accounts Payable162.4M106.9M154.5M151.4M391.3M410.9M
Non Current Assets Total1.7B1.5B1.4B1.4B1.9B2.0B
Non Currrent Assets Other22.0M60.6M56.3M69.3M186.7M196.0M
Net Receivables228.7M111.7M195.1M252.9M367.2M385.6M
Common Stock Shares Outstanding50.5M53.3M58.3M59.9M61.0M64.1M
Liabilities And Stockholders Equity2.7B2.1B2.6B3.3B3.9B4.1B
Non Current Liabilities Total1.0B1.0B948.8M842.0M1.0B1.1B
Other Stockholder Equity715.1M726.5M821.7M836.5M860.8M539.9M
Total Liab2.1B1.9B2.3B2.6B2.5B2.7B
Property Plant And Equipment Gross1.4B1.3B1.6B1.6B1.9B2.0B
Total Current Assets1.0B636.5M1.1B1.9B2.0B2.1B
Accumulated Other Comprehensive Income582K(3.7M)2.5M8.1M8.2M8.6M
Cash126.0M68.3M112.2M490.9M279.1M293.1M
Cash And Short Term Investments126.0M68.3M112.2M490.9M279.1M293.1M
Short Term Debt92.3M116.9M66.0M78.8M77.1M78.2M
Common Stock Total Equity470K533K540K602K692.3K667.7K
Common Stock533K540K602K604K597K546.5K
Other Assets22.0M166.6M2.6B69.3M79.7M75.7M
Long Term Debt599.6M648.7M553.7M494.6M646.6M678.9M
Other Current Assets5.6M26.6M32.5M96.0M117.2M123.1M
Property Plant Equipment1.4B1.3B1.2B1.2B1.4B1.4B
Inventory615.9M429.9M790.3M1.0B1.2B1.3B
Other Liab70.1M45.9M52.3M48.4M55.7M58.5M
Current Deferred Revenue7.9M4.1M399.1M672.6M15.2M14.5M
Good Will195.9M128.0M127.3M129.3M129.3M81.4M
Intangible Assets21.5M18.9M16.2M13.6M10.9M16.6M
Net Tangible Assets430.8M99.4M122.2M501.6M576.9M605.7M
Retained Earnings Total Equity(148.2M)(108.8M)(477.0M)(559.1M)(643.0M)(675.1M)
Capital Surpluse617.9M715.1M726.5M821.7M739.5M540.3M

Pair Trading with Par Pacific

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 Par Pacific 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 Par Pacific will appreciate offsetting losses from the drop in the long position's value.

Moving together with Par Stock

  0.88DINO HF Sinclair CorpPairCorr
  0.74DK Delek Energy Downward RallyPairCorr
  0.61BPT BP Prudhoe BayPairCorr
  0.74CVI CVR EnergyPairCorr

Moving against Par Stock

  0.55BDCO Blue Dolphin EnergyPairCorr
  0.32AE Adams Resources EnergyPairCorr
The ability to find closely correlated positions to Par Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Par Pacific 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 Par Pacific - 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 Par Pacific Holdings to buy it.
The correlation of Par Pacific 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 Par Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Par Pacific Holdings 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 Par Pacific 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 Par Stock Analysis

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