Parex Days Sales Outstanding vs Roe Analysis
PXT Stock | CAD 13.57 0.18 1.31% |
Parex Resources financial indicator trend analysis is much more than just breaking down Parex Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parex Resources is a good investment. Please check the relationship between Parex Resources Days Sales Outstanding and its Roe accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parex Resources. 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.
Days Sales Outstanding vs Roe
Days Sales Outstanding vs Roe Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Parex Resources Days Sales Outstanding account and Roe. At this time, the significance of the direction appears to have totally related.
The correlation between Parex Resources' Days Sales Outstanding and Roe is 0.99. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Roe in the same time period over historical financial statements of Parex Resources, assuming nothing else is changed. The correlation between historical values of Parex Resources' Days Sales Outstanding and Roe 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 Sales Outstanding of Parex Resources are associated (or correlated) with its Roe. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roe has no effect on the direction of Days Sales Outstanding i.e., Parex Resources' Days Sales Outstanding and Roe go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Days Sales Outstanding
Roe
Most indicators from Parex Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parex Resources 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 Parex Resources. 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, Parex Resources' Enterprise Value Over EBITDA is very stable compared to the past year. As of the 17th of December 2024, Enterprise Value Multiple is likely to grow to 3.16, while Selling General Administrative is likely to drop about 58 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 1.1B | 1.6B | 1.2B | 751.7M | Depreciation And Amortization | 121.4M | 149.4M | 194.2M | 135.3M |
Parex Resources fundamental ratios Correlations
Click cells to compare fundamentals
Parex Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Parex Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 1.5B | 1.8B | 2.3B | 2.4B | 1.3B | |
Other Current Liab | 86.6M | 19.7M | 47.5M | 217.8M | 29.1M | 56.4M | |
Total Current Liabilities | 211.8M | 122.5M | 248.3M | 508.6M | 258.1M | 188.8M | |
Total Stockholder Equity | 1.4B | 1.3B | 1.4B | 1.7B | 2.0B | 2.1B | |
Property Plant And Equipment Net | 966.0M | 982.3M | 1.1B | 1.4B | 1.5B | 787.8M | |
Net Debt | (396.1M) | (328.7M) | (373.8M) | (412.9M) | (44.6M) | (46.8M) | |
Retained Earnings | 541.2M | 533.9M | 637.4M | 1.0B | 1.3B | 1.3B | |
Accounts Payable | 63.5M | 102.8M | 160.9M | 96.9M | 229.1M | 240.5M | |
Cash | 396.8M | 330.6M | 378.3M | 419.0M | 140.4M | 210.8M | |
Non Current Assets Total | 1.1B | 1.1B | 1.2B | 1.7B | 2.1B | 2.2B | |
Cash And Short Term Investments | 396.8M | 330.6M | 378.3M | 419.0M | 140.4M | 210.8M | |
Net Receivables | 143.6M | 80.2M | 179.8M | 113.2M | 105.6M | 81.8M | |
Common Stock Shares Outstanding | 149.0M | 139.6M | 125.6M | 113.7M | 106.3M | 129.4M | |
Liabilities And Stockholders Equity | 1.7B | 1.5B | 1.8B | 2.3B | 2.4B | 1.3B | |
Other Current Assets | 14.8M | 30.0M | 14.5M | 56.8M | 86.9M | 91.3M | |
Other Stockholder Equity | 48.6M | 43.2M | 24.5M | 20.3M | 19.2M | 18.3M | |
Total Liab | 282.1M | 200.6M | 390.5M | 599.4M | 459.9M | 304.3M | |
Property Plant And Equipment Gross | 966.0M | 982.3M | 2.8B | 3.2B | 3.6B | 3.8B | |
Total Current Assets | 555.9M | 442.6M | 574.0M | 593.6M | 337.2M | 327.6M | |
Non Current Liabilities Total | 70.3M | 78.1M | 142.3M | 90.8M | 201.8M | 123.2M | |
Non Currrent Assets Other | (1.0B) | 20.0M | 25.0M | 165.3M | 454.9M | 477.7M | |
Inventory | 653K | 1.9M | 1.4M | 4.6M | 4.3M | 4.2M | |
Common Stock Total Equity | 836.2M | 848.9M | 812.7M | 763.4M | 877.9M | 784.3M | |
Common Stock | 812.7M | 763.4M | 731.7M | 682.7M | 660.8M | 778.5M | |
Other Liab | 69.5M | 76.3M | 137.8M | 84.7M | 76.2M | 78.3M | |
Net Tangible Assets | 1.3B | 1.3B | 1.3B | 1.6B | 1.9B | 1.1B | |
Property Plant Equipment | 966.0M | 982.3M | 1.1B | 1.4B | 1.6B | 963.6M | |
Capital Surpluse | 48.6M | 43.2M | 24.5M | 20.3M | 18.3M | 31.9M | |
Other Assets | 89.3M | 42.7M | 6.9M | 276.2M | 317.6M | 333.5M | |
Long Term Debt Total | 770K | 1.8M | 4.5M | 6.1M | 7.0M | 7.3M | |
Cash And Equivalents | 396.8M | 330.6M | 378.3M | 419.0M | 481.9M | 372.7M | |
Net Invested Capital | 1.4B | 1.3B | 1.4B | 1.7B | 2.0B | 1.6B | |
Net Working Capital | 344.0M | 320.2M | 325.8M | 85.0M | 79.0M | 75.1M | |
Capital Stock | 812.7M | 763.4M | 731.7M | 682.7M | 660.8M | 600.0M |
Pair Trading with Parex Resources
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 Parex Resources 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 Parex Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Parex Stock
Moving against Parex Stock
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The ability to find closely correlated positions to Parex Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parex Resources 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 Parex Resources - 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 Parex Resources to buy it.
The correlation of Parex Resources 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 Parex Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parex Resources 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 Parex Resources 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.Other Information on Investing in Parex Stock
Balance Sheet is a snapshot of the financial position of Parex Resources at a specified time, usually calculated after every quarter, six months, or one year. Parex Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Parex Resources 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 Parex currently owns. An asset can also be divided into two categories, current and non-current.