Otter Accounts Payable vs Current Deferred Revenue Analysis
OTTR Stock | USD 88.22 0.65 0.73% |
Otter Tail financial indicator trend analysis is much more than just breaking down Otter Tail prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Otter Tail is a good investment. Please check the relationship between Otter Tail Accounts Payable and its Current Deferred Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Otter Tail. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Otter Stock, please use our How to Invest in Otter Tail guide.
Accounts Payable vs Current Deferred Revenue
Accounts Payable vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Otter Tail Accounts Payable account and Current Deferred Revenue. At this time, the significance of the direction appears to have very week relationship.
The correlation between Otter Tail's Accounts Payable and Current Deferred Revenue is 0.26. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Otter Tail, assuming nothing else is changed. The correlation between historical values of Otter Tail's Accounts Payable and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Otter Tail are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Accounts Payable i.e., Otter Tail's Accounts Payable and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.26 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Otter Tail 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 Otter Tail 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.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.Most indicators from Otter Tail's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Otter Tail 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 Otter Tail. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Otter Stock, please use our How to Invest in Otter Tail guide.At this time, Otter Tail's Selling General Administrative is relatively stable compared to the past year. As of 06/09/2024, Discontinued Operations is likely to grow to about 386.4 K, while Tax Provision is likely to drop slightly above 36.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 424.1M | 570.5M | 565.2M | 437.9M | Total Revenue | 1.2B | 1.5B | 1.3B | 766.4M |
Otter Tail fundamental ratios Correlations
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Otter Tail Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Otter Tail fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 40.0M | 40.9M | 41.8M | 41.9M | 42.0M | 33.3M | |
Total Assets | 2.3B | 2.6B | 2.8B | 2.9B | 3.2B | 1.7B | |
Short Long Term Debt Total | 718.1M | 845.5M | 855.2M | 832.0M | 905.5M | 491.9M | |
Other Current Liab | 7.5M | 39.2M | 80.5M | (96.3M) | 69.2M | 44.3M | |
Total Current Liabilities | 189.7M | 436.8M | 387.7M | 237.6M | 309.8M | 214.9M | |
Total Stockholder Equity | 781.5M | 871.0M | 990.8M | 1.2B | 1.4B | 1.5B | |
Property Plant And Equipment Net | 1.8B | 2.0B | 2.1B | 2.2B | 2.4B | 2.5B | |
Current Deferred Revenue | 51.2M | 45.7M | 50.9M | 221.3M | 64.7M | 68.0M | |
Net Debt | 696.9M | 844.4M | 853.6M | 713.0M | 675.1M | 470.2M | |
Retained Earnings | 222.3M | 257.9M | 369.8M | 585.2M | 806.3M | 846.7M | |
Accounts Payable | 120.8M | 130.8M | 135.1M | 104.4M | 94.4M | 93.9M | |
Cash | 21.2M | 1.2M | 1.5M | 119.0M | 230.4M | 241.9M | |
Non Current Assets Total | 2.0B | 2.3B | 2.4B | 2.4B | 2.7B | 1.4B | |
Non Currrent Assets Other | 40.2M | 26.3M | 32.1M | (85.5M) | 51.4M | 91.1M | |
Cash And Short Term Investments | 21.2M | 1.2M | 1.5M | 119.0M | 230.4M | 241.9M | |
Net Receivables | 109.1M | 114.0M | 175.0M | 144.4M | 157.1M | 127.1M | |
Common Stock Total Equity | 200.8M | 207.3M | 207.8M | 208.2M | 239.4M | 165.5M | |
Liabilities And Stockholders Equity | 2.3B | 2.6B | 2.8B | 2.9B | 3.2B | 1.7B | |
Non Current Liabilities Total | 1.3B | 1.3B | 1.4B | 1.4B | 1.5B | 794.0M | |
Inventory | 97.9M | 92.2M | 148.5M | 146.0M | 149.7M | 83.8M | |
Other Current Assets | 26.7M | 27.5M | 44.4M | 43.4M | 33.0M | 39.2M | |
Other Stockholder Equity | 364.8M | 414.2M | 419.8M | 423.0M | 427.0M | 353.5M | |
Total Liab | 1.5B | 1.7B | 1.8B | 1.7B | 1.8B | 1.1B | |
Property Plant And Equipment Gross | 1.8B | 2.0B | 2.1B | 2.2B | 3.5B | 3.7B | |
Total Current Assets | 254.9M | 234.8M | 369.4M | 452.8M | 570.2M | 598.7M | |
Accumulated Other Comprehensive Income | (6.4M) | (8.5M) | (6.5M) | 915K | 1.1M | 1.2M | |
Short Term Debt | 10.3M | 221.1M | 121.1M | 8.2M | 81.4M | 57.8M | |
Common Stock | 200.8M | 207.3M | 207.8M | 208.2M | 208.6M | 167.7M | |
Other Liab | 594.6M | 646.2M | 642.3M | 609.0M | 700.4M | 735.4M | |
Other Assets | 184.3M | 246.5M | 157.6M | 156.2M | 179.6M | 130.0M | |
Long Term Debt | 689.6M | 624.4M | 734.0M | 823.8M | 824.1M | 494.1M | |
Intangible Assets | 11.3M | 10.1M | 9.0M | 7.9M | 6.8M | 6.5M | |
Property Plant Equipment | 1.8B | 2.0B | 2.1B | 2.2B | 2.5B | 1.3B | |
Net Tangible Assets | 753.7M | 1.5B | 1.7B | 2.0B | 2.3B | 2.5B | |
Retained Earnings Total Equity | 222.3M | 257.9M | 369.8M | 585.2M | 673.0M | 706.6M | |
Long Term Debt Total | 689.6M | 624.4M | 734.0M | 823.8M | 947.4M | 602.5M | |
Capital Surpluse | 364.8M | 414.2M | 419.8M | 423.0M | 486.5M | 358.2M | |
Deferred Long Term Liab | 150.6M | 170.8M | 204.9M | 237.2M | 213.5M | 208.9M | |
Non Current Liabilities Other | 441.1M | 475.4M | 437.4M | 61.0M | 76.0M | 72.2M |
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