| PHX Stock | | | CAD 9.32 0.08 0.85% |
PHX Energy financial indicator trend analysis is much more than just breaking down PHX Energy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PHX Energy Services is a good investment. Please check the relationship between PHX Energy Total Other Income Expense Net and its Gross Profit accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PHX 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 board of governors.
Total Other Income Expense Net vs Gross Profit
Total Other Income Expense Net vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
PHX Energy Services Total Other Income Expense Net account and
Gross Profit. At this time, the significance of the direction appears to have strong relationship.
The correlation between PHX Energy's Total Other Income Expense Net and Gross Profit is 0.66. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Gross Profit in the same time period over historical financial statements of PHX Energy Services, assuming nothing else is changed. The correlation between historical values of PHX Energy's Total Other Income Expense Net and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of PHX Energy Services are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Total Other Income Expense Net i.e., PHX Energy's Total Other Income Expense Net and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.66 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Other Income Expense Net
Gross Profit
Gross profit is a required income statement account that reflects total revenue of PHX Energy Services minus its cost of goods sold. It is profit before PHX Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from PHX Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PHX 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PHX 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 board of governors.
At this time, PHX Energy's
Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024,
Tax Provision is likely to grow to about 5.3
M, though
Discontinued Operations is likely to grow to (12.4
M).
PHX Energy fundamental ratios Correlations
Click cells to compare fundamentals
PHX Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PHX Energy fundamental ratios Accounts
Other Information on Investing in PHX Stock
Balance Sheet is a snapshot of the
financial position of PHX Energy Services at a specified time, usually calculated after every quarter, six months, or one year. PHX Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of PHX Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which PHX currently owns. An asset can also be divided into two categories, current and non-current.