| PHX Stock | | | USD 3.72 0.10 2.62% |
PHX Minerals financial indicator trend analysis is much more than just breaking down PHX Minerals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PHX Minerals is a good investment. Please check the relationship between PHX Minerals Current Deferred Revenue and its Accounts Payable accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PHX Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
For more information on how to buy PHX Stock please use our
How to Invest in PHX Minerals guide.
Current Deferred Revenue vs Accounts Payable
Current Deferred Revenue vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
PHX Minerals Current Deferred Revenue account and
Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between PHX Minerals' Current Deferred Revenue and Accounts Payable is -0.18. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of PHX Minerals, assuming nothing else is changed. The correlation between historical values of PHX Minerals' Current Deferred Revenue and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of PHX Minerals are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Current Deferred Revenue i.e., PHX Minerals' Current Deferred Revenue and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.18 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Accounts Payable
An accounting item on the balance sheet that represents PHX Minerals 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 PHX Minerals 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.
Most indicators from PHX Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PHX Minerals 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 Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
For more information on how to buy PHX Stock please use our
How to Invest in PHX Minerals guide.At this time, PHX Minerals'
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.32 in 2024, whereas
Selling General Administrative is likely to drop slightly above 7.3
M in 2024.
PHX Minerals fundamental ratios Correlations
Click cells to compare fundamentals
PHX Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PHX Minerals fundamental ratios Accounts
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Additional Tools for PHX Stock Analysis
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