Trio Current Deferred Revenue vs Inventory Analysis

TPET Stock

0.87 0.06 6.15%

Trio Petroleum financial indicator trend analysis is much more than just breaking down Trio Petroleum Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trio Petroleum Corp is a good investment. Please check the relationship between Trio Petroleum Current Deferred Revenue and its Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trio Petroleum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Current Deferred Revenue vs Inventory

Current Deferred Revenue vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trio Petroleum Corp Current Deferred Revenue account and Inventory. At this time, the significance of the direction appears to have pay attention.

The correlation between Trio Petroleum's Current Deferred Revenue and Inventory is -0.93. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Inventory in the same time period over historical financial statements of Trio Petroleum Corp, assuming nothing else is changed. The correlation between historical values of Trio Petroleum's Current Deferred Revenue and Inventory 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 Trio Petroleum Corp are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Current Deferred Revenue i.e., Trio Petroleum's Current Deferred Revenue and Inventory go up and down completely randomly.

Correlation Coefficient

-0.93

Relationship Direction	Negative
Relationship Strength	Significant

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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.

Inventory

Most indicators from Trio Petroleum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trio Petroleum Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Trio Petroleum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Issuance Of Capital Stock is likely to gain to about 8.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 M in 2024.

	2021	2023	2024 (projected)
Interest Expense	1.7M	910.6K	903.0K
Depreciation And Amortization	2.8K	3.2K	2.2K

Interest Expense Depreciation And Amortization

Trio Petroleum fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		-0.78	0.46	-0.51	0.92	0.97	-0.94	0.84	-0.95	-0.84	-0.96	0.77	0.96	0.98	0.46	-0.66	0.96	0.95	-0.66	0.87	0.92	0.21	0.98	-0.51	0.98	0.81
Short Long Term Debt Total	-0.78		-0.45	0.89	-0.92	-0.6	0.58	-0.94	0.7	0.99	0.81	-0.27	-0.88	-0.87	-0.38	0.7	-0.88	-0.55	0.7	-0.44	-0.49	0.41	-0.84	0.89	-0.83	-0.9
Other Current Liab	0.46	-0.45		-0.39	0.54	0.39	-0.45	0.41	-0.55	-0.51	-0.58	0.34	0.58	0.43	0.99	0.09	0.58	0.45	0.09	0.2	0.51	0.05	0.57	-0.39	0.48	0.43
Total Current Liabilities	-0.51	0.89	-0.39		-0.8	-0.29	0.22	-0.89	0.34	0.84	0.49	0.14	-0.71	-0.66	-0.28	0.39	-0.71	-0.23	0.39	-0.05	-0.18	0.72	-0.64	1.0	-0.65	-0.89
Total Stockholder Equity	0.92	-0.92	0.54	-0.8		0.8	-0.74	0.98	-0.8	-0.94	-0.87	0.46	0.99	0.97	0.49	-0.56	0.99	0.76	-0.56	0.6	0.73	-0.17	0.97	-0.8	0.97	0.97
Other Liab	0.97	-0.6	0.39	-0.29	0.8		-0.98	0.69	-0.94	-0.68	-0.91	0.89	0.86	0.91	0.42	-0.59	0.86	0.99	-0.6	0.95	0.98	0.44	0.91	-0.28	0.91	0.67
Net Tangible Assets	-0.94	0.58	-0.45	0.22	-0.74	-0.98		-0.61	0.98	0.68	0.94	-0.94	-0.82	-0.86	-0.49	0.63	-0.82	-0.98	0.63	-0.96	-0.97	-0.5	-0.88	0.21	-0.86	-0.57
Property Plant And Equipment Net	0.84	-0.94	0.41	-0.89	0.98	0.69	-0.61		-0.67	-0.94	-0.77	0.3	0.94	0.93	0.34	-0.58	0.94	0.63	-0.58	0.48	0.58	-0.35	0.9	-0.89	0.92	0.99
Current Deferred Revenue	-0.95	0.7	-0.55	0.34	-0.8	-0.94	0.98	-0.67		0.78	0.99	-0.87	-0.87	-0.88	-0.58	0.66	-0.87	-0.94	0.66	-0.9	-0.93	-0.37	-0.91	0.34	-0.88	-0.63
Net Debt	-0.84	0.99	-0.51	0.84	-0.94	-0.68	0.68	-0.94	0.78		0.87	-0.38	-0.92	-0.91	-0.45	0.71	-0.92	-0.64	0.71	-0.53	-0.6	0.29	-0.9	0.84	-0.88	-0.9
Retained Earnings	-0.96	0.81	-0.58	0.49	-0.87	-0.91	0.94	-0.77	0.99	0.87		-0.78	-0.92	-0.93	-0.58	0.7	-0.92	-0.9	0.7	-0.84	-0.88	-0.21	-0.95	0.49	-0.91	-0.73
Accounts Payable	0.77	-0.27	0.34	0.14	0.46	0.89	-0.94	0.3	-0.87	-0.38	-0.78		0.58	0.63	0.43	-0.47	0.58	0.92	-0.47	0.95	0.93	0.77	0.66	0.14	0.64	0.26
Cash	0.96	-0.88	0.58	-0.71	0.99	0.86	-0.82	0.94	-0.87	-0.92	-0.92	0.58		0.98	0.55	-0.56	1.0	0.84	-0.56	0.69	0.81	-0.03	0.99	-0.71	0.99	0.93
Non Current Assets Total	0.98	-0.87	0.43	-0.66	0.97	0.91	-0.86	0.93	-0.88	-0.91	-0.93	0.63	0.98		0.41	-0.67	0.98	0.87	-0.68	0.77	0.83	0.02	0.99	-0.66	0.99	0.91
Non Currrent Assets Other	0.46	-0.38	0.99	-0.28	0.49	0.42	-0.49	0.34	-0.58	-0.45	-0.58	0.43	0.55	0.41		0.11	0.55	0.5	0.11	0.26	0.56	0.18	0.55	-0.28	0.46	0.36
Other Assets	-0.66	0.7	0.09	0.39	-0.56	-0.59	0.63	-0.58	0.66	0.71	0.7	-0.47	-0.56	-0.67	0.11		-0.56	-0.52	1.0	-0.67	-0.44	0.03	-0.58	0.39	-0.59	-0.48
Cash And Short Term Investments	0.96	-0.88	0.58	-0.71	0.99	0.86	-0.82	0.94	-0.87	-0.92	-0.92	0.58	1.0	0.98	0.55	-0.56		0.84	-0.56	0.69	0.81	-0.03	0.99	-0.71	0.99	0.93
Net Receivables	0.95	-0.55	0.45	-0.23	0.76	0.99	-0.98	0.63	-0.94	-0.64	-0.9	0.92	0.84	0.87	0.5	-0.52	0.84		-0.52	0.94	0.99	0.5	0.89	-0.23	0.89	0.62
Common Stock Shares Outstanding	-0.66	0.7	0.09	0.39	-0.56	-0.6	0.63	-0.58	0.66	0.71	0.7	-0.47	-0.56	-0.68	0.11	1.0	-0.56	-0.52		-0.67	-0.45	0.03	-0.59	0.39	-0.6	-0.49
Non Current Liabilities Total	0.87	-0.44	0.2	-0.05	0.6	0.95	-0.96	0.48	-0.9	-0.53	-0.84	0.95	0.69	0.77	0.26	-0.67	0.69	0.94	-0.67		0.92	0.6	0.76	-0.04	0.76	0.44
Inventory	0.92	-0.49	0.51	-0.18	0.73	0.98	-0.97	0.58	-0.93	-0.6	-0.88	0.93	0.81	0.83	0.56	-0.44	0.81	0.99	-0.45	0.92		0.55	0.87	-0.18	0.85	0.57
Other Current Assets	0.21	0.41	0.05	0.72	-0.17	0.44	-0.5	-0.35	-0.37	0.29	-0.21	0.77	-0.03	0.02	0.18	0.03	-0.03	0.5	0.03	0.6	0.55		0.07	0.72	0.04	-0.35
Other Stockholder Equity	0.98	-0.84	0.57	-0.64	0.97	0.91	-0.88	0.9	-0.91	-0.9	-0.95	0.66	0.99	0.99	0.55	-0.58	0.99	0.89	-0.59	0.76	0.87	0.07		-0.64	0.99	0.89
Total Liab	-0.51	0.89	-0.39	1.0	-0.8	-0.28	0.21	-0.89	0.34	0.84	0.49	0.14	-0.71	-0.66	-0.28	0.39	-0.71	-0.23	0.39	-0.04	-0.18	0.72	-0.64		-0.65	-0.89
Net Invested Capital	0.98	-0.83	0.48	-0.65	0.97	0.91	-0.86	0.92	-0.88	-0.88	-0.91	0.64	0.99	0.99	0.46	-0.59	0.99	0.89	-0.6	0.76	0.85	0.04	0.99	-0.65		0.91
Property Plant And Equipment Gross	0.81	-0.9	0.43	-0.89	0.97	0.67	-0.57	0.99	-0.63	-0.9	-0.73	0.26	0.93	0.91	0.36	-0.48	0.93	0.62	-0.49	0.44	0.57	-0.35	0.89	-0.89	0.91

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Trio Current Deferred Revenue vs Inventory Analysis

Current Deferred Revenue vs Inventory

Current Deferred Revenue vs Inventory Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Inventory

Trio Petroleum fundamental ratios Correlations

Trio Petroleum Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Common Stock Shares Outstanding	+ 1.0	Other Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Non Currrent Assets Other	+ 0.99	Other Current Liab
Cash	+ 0.99	Total Stockholder Equity

Net Receivables	- 0.98	Net Tangible Assets
Net Tangible Assets	- 0.98	Other Liab
Inventory	- 0.97	Net Tangible Assets
Non Current Liabilities Total	- 0.96	Net Tangible Assets
Retained Earnings	- 0.96	Total Assets
Other Stockholder Equity	- 0.95	Retained Earnings