Otter Total Current Assets vs Net Receivables 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 Total Current Assets and its Net Receivables 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.

Total Current Assets vs Net Receivables

Total Current Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Otter Tail Total Current Assets account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.

The correlation between Otter Tail's Total Current Assets and Net Receivables is 0.69. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Receivables 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 Total Current Assets and Net Receivables 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 Current Assets of Otter Tail are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Current Assets i.e., Otter Tail's Total Current Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Net Receivables

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

Gross Profit Total Revenue

Otter Tail fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.9	0.9	-0.12	0.7	0.49	0.65	0.52	0.88	0.25	0.76	0.08	0.91	-0.2	0.06	0.55	0.97	0.95	0.85	0.38	0.72	0.94	0.43	0.35	0.36	0.96
Total Assets	0.9		0.98	-0.2	0.73	0.71	0.81	0.62	0.89	0.56	0.64	0.32	0.99	-0.51	0.29	0.58	0.86	0.97	0.95	0.37	0.65	0.98	0.65	0.55	0.37	0.81
Short Long Term Debt Total	0.9	0.98		-0.2	0.79	0.67	0.81	0.58	0.95	0.5	0.67	0.24	1.0	-0.52	0.21	0.52	0.84	0.96	0.91	0.31	0.6	0.99	0.62	0.44	0.48	0.8
Other Current Liab	-0.12	-0.2	-0.2		0.18	-0.21	-0.21	-0.76	-0.16	-0.22	0.09	-0.11	-0.23	0.65	-0.03	0.09	0.02	-0.22	-0.23	0.09	0.04	-0.14	-0.08	-0.01	0.26	-0.02
Total Current Liabilities	0.7	0.73	0.79	0.18		0.47	0.64	0.21	0.84	0.3	0.7	0.11	0.76	-0.3	0.08	0.44	0.67	0.67	0.62	0.27	0.49	0.79	0.48	0.27	0.84	0.67
Total Stockholder Equity	0.49	0.71	0.67	-0.21	0.47		0.96	0.6	0.53	0.96	0.36	0.77	0.68	-0.5	0.73	0.49	0.55	0.61	0.73	0.38	0.48	0.63	0.98	0.87	0.21	0.49
Property Plant And Equipment Net	0.65	0.81	0.81	-0.21	0.64	0.96		0.6	0.74	0.85	0.52	0.61	0.81	-0.51	0.57	0.47	0.67	0.73	0.79	0.34	0.51	0.78	0.94	0.74	0.38	0.63
Current Deferred Revenue	0.52	0.62	0.58	-0.76	0.21	0.6	0.6		0.48	0.54	0.26	0.38	0.6	-0.63	0.37	0.34	0.44	0.6	0.67	0.4	0.38	0.55	0.45	0.49	-0.07	0.46
Net Debt	0.88	0.89	0.95	-0.16	0.84	0.53	0.74	0.48		0.32	0.76	0.04	0.93	-0.43	0.01	0.46	0.8	0.9	0.82	0.28	0.55	0.95	0.49	0.27	0.58	0.81
Retained Earnings	0.25	0.56	0.5	-0.22	0.3	0.96	0.85	0.54	0.32		0.13	0.84	0.52	-0.54	0.8	0.4	0.33	0.42	0.6	0.3	0.3	0.44	0.95	0.86	0.09	0.23
Accounts Payable	0.76	0.64	0.67	0.09	0.7	0.36	0.52	0.26	0.76	0.13		-0.1	0.64	-0.17	-0.07	0.68	0.76	0.71	0.61	0.53	0.68	0.75	0.32	0.35	0.31	0.82
Cash	0.08	0.32	0.24	-0.11	0.11	0.77	0.61	0.38	0.04	0.84	-0.1		0.26	-0.23	0.95	0.22	0.21	0.18	0.35	0.18	0.21	0.19	0.79	0.76	0.04	0.12
Non Current Assets Total	0.91	0.99	1.0	-0.23	0.76	0.68	0.81	0.6	0.93	0.52	0.64	0.26		-0.52	0.23	0.5	0.85	0.97	0.93	0.29	0.6	0.98	0.63	0.45	0.44	0.8
Non Currrent Assets Other	-0.2	-0.51	-0.52	0.65	-0.3	-0.5	-0.51	-0.63	-0.43	-0.54	-0.17	-0.23	-0.52		-0.17	-0.17	-0.08	-0.42	-0.48	-0.05	-0.06	-0.43	-0.4	-0.28	-0.09	-0.04
Cash And Short Term Investments	0.06	0.29	0.21	-0.03	0.08	0.73	0.57	0.37	0.01	0.8	-0.07	0.95	0.23	-0.17		0.17	0.22	0.17	0.33	0.19	0.16	0.18	0.76	0.77	-0.03	0.12
Net Receivables	0.55	0.58	0.52	0.09	0.44	0.49	0.47	0.34	0.46	0.4	0.68	0.22	0.5	-0.17	0.17		0.6	0.58	0.64	0.88	0.79	0.58	0.41	0.69	0.01	0.58
Common Stock Total Equity	0.97	0.86	0.84	0.02	0.67	0.55	0.67	0.44	0.8	0.33	0.76	0.21	0.85	-0.08	0.22	0.6		0.9	0.81	0.43	0.77	0.9	0.51	0.48	0.32	0.98
Non Current Liabilities Total	0.95	0.97	0.96	-0.22	0.67	0.61	0.73	0.6	0.9	0.42	0.71	0.18	0.97	-0.42	0.17	0.58	0.9		0.93	0.38	0.69	0.98	0.54	0.46	0.28	0.87
Inventory	0.85	0.95	0.91	-0.23	0.62	0.73	0.79	0.67	0.82	0.6	0.61	0.35	0.93	-0.48	0.33	0.64	0.81	0.93		0.45	0.61	0.92	0.65	0.61	0.21	0.77
Other Current Assets	0.38	0.37	0.31	0.09	0.27	0.38	0.34	0.4	0.28	0.3	0.53	0.18	0.29	-0.05	0.19	0.88	0.43	0.38	0.45		0.71	0.38	0.28	0.65	-0.08	0.46
Other Stockholder Equity	0.72	0.65	0.6	0.04	0.49	0.48	0.51	0.38	0.55	0.3	0.68	0.21	0.6	-0.06	0.16	0.79	0.77	0.69	0.61	0.71		0.69	0.4	0.6	0.1	0.78
Total Liab	0.94	0.98	0.99	-0.14	0.79	0.63	0.78	0.55	0.95	0.44	0.75	0.19	0.98	-0.43	0.18	0.58	0.9	0.98	0.92	0.38	0.69		0.58	0.46	0.43	0.87
Property Plant And Equipment Gross	0.43	0.65	0.62	-0.08	0.48	0.98	0.94	0.45	0.49	0.95	0.32	0.79	0.63	-0.4	0.76	0.41	0.51	0.54	0.65	0.28	0.4	0.58		0.83	0.28	0.44
Total Current Assets	0.35	0.55	0.44	-0.01	0.27	0.87	0.74	0.49	0.27	0.86	0.35	0.76	0.45	-0.28	0.77	0.69	0.48	0.46	0.61	0.65	0.6	0.46	0.83		-0.09	0.41
Short Term Debt	0.36	0.37	0.48	0.26	0.84	0.21	0.38	-0.07	0.58	0.09	0.31	0.04	0.44	-0.09	-0.03	0.01	0.32	0.28	0.21	-0.08	0.1	0.43	0.28	-0.09		0.32
Common Stock	0.96	0.81	0.8	-0.02	0.67	0.49	0.63	0.46	0.81	0.23	0.82	0.12	0.8	-0.04	0.12	0.58	0.98	0.87	0.77	0.46	0.78	0.87	0.44	0.41	0.32

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Otter Tail Account Relationship Matchups

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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Otter Total Current Assets vs Net Receivables Analysis

Total Current Assets vs Net Receivables

Total Current Assets vs Net Receivables Correlation Analysis

Correlation Coefficient

Total Current Assets

Net Receivables

Otter Tail fundamental ratios Correlations

Otter Tail Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Otter Tail fundamental ratios Accounts

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Additional Tools for Otter Stock Analysis

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Non Current Assets Total	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Short Long Term Debt Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Property Plant And Equipment Gross	+ 0.98	Total Stockholder Equity

Current Deferred Revenue	- 0.76	Other Current Liab
Non Currrent Assets Other	- 0.63	Current Deferred Revenue
Non Currrent Assets Other	- 0.54	Retained Earnings
Non Currrent Assets Other	- 0.52	Non Current Assets Total
Non Currrent Assets Other	- 0.52	Short Long Term Debt Total
Non Currrent Assets Other	- 0.51	Property Plant And Equipment Net