Precision Income Tax Expense vs Total Operating Expenses Analysis

PDS Stock

USD 70.94 0.26 0.37%

Precision Drilling financial indicator trend analysis is much more than just breaking down Precision Drilling prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Precision Drilling is a good investment. Please check the relationship between Precision Drilling Income Tax Expense and its Total Operating Expenses accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.

Income Tax Expense vs Total Operating Expenses

Income Tax Expense vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Precision Drilling Income Tax Expense account and Total Operating Expenses. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Precision Drilling's Income Tax Expense and Total Operating Expenses is -0.05. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Precision Drilling, assuming nothing else is changed. The correlation between historical values of Precision Drilling's Income Tax Expense and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Precision Drilling are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Income Tax Expense i.e., Precision Drilling's Income Tax Expense and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.05

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Tax Expense

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most indicators from Precision Drilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Precision Drilling 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 Precision Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.At this time, Precision Drilling's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.06 in 2024, whereas Selling General Administrative is likely to drop slightly above 116.5 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	91.4M	87.8M	84.8M	118.0M
Depreciation And Amortization	282.3M	279.0M	307.1M	234.3M

Interest Expense Depreciation And Amortization

Precision Drilling fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Other Current Assets	Other Liab	Net Tangible Assets
Total Assets		0.83	0.09	0.69	0.98	0.97	0.7	0.27	0.73	0.61	0.99	0.11	0.61	0.8	0.74	0.97	-0.03	0.16	0.98	0.83	0.45	-0.9	0.41	0.39	0.22	0.3
Short Long Term Debt Total	0.83		0.01	0.32	0.72	0.92	0.95	-0.05	0.45	0.46	0.87	-0.16	0.46	0.39	0.65	0.94	0.26	-0.08	0.89	0.51	0.2	-0.65	0.1	0.39	0.44	0.43
Other Current Liab	0.09	0.01		0.05	0.13	0.06	0.1	-0.19	-0.23	-0.3	0.13	0.16	-0.3	0.1	0.45	0.05	0.34	-0.17	0.06	-0.08	-0.24	-0.2	-0.16	-0.07	0.72	0.25
Total Current Liabilities	0.69	0.32	0.05		0.7	0.57	0.19	0.15	0.9	0.46	0.62	0.38	0.46	0.94	0.47	0.54	-0.04	0.32	0.67	0.82	0.45	-0.74	0.24	0.5	-0.04	0.12
Total Stockholder Equity	0.98	0.72	0.13	0.7		0.93	0.6	0.35	0.71	0.56	0.97	0.12	0.56	0.84	0.72	0.9	-0.11	0.18	0.93	0.82	0.5	-0.91	0.47	0.35	0.15	0.28
Property Plant And Equipment Net	0.97	0.92	0.06	0.57	0.93		0.84	0.15	0.64	0.5	0.99	-0.02	0.5	0.68	0.72	0.98	0.09	0.01	0.97	0.69	0.4	-0.86	0.3	0.47	0.31	0.4
Net Debt	0.7	0.95	0.1	0.19	0.6	0.84		-0.24	0.3	0.16	0.78	-0.23	0.16	0.27	0.62	0.82	0.46	-0.27	0.76	0.26	0.1	-0.54	-0.07	0.5	0.57	0.56
Retained Earnings	0.27	-0.05	-0.19	0.15	0.35	0.15	-0.24		0.26	0.54	0.21	0.32	0.54	0.31	0.01	0.2	-0.89	0.26	0.2	0.46	0.52	-0.17	0.91	-0.5	-0.4	-0.35
Accounts Payable	0.73	0.45	-0.23	0.9	0.71	0.64	0.3	0.26		0.57	0.66	0.32	0.57	0.87	0.3	0.62	-0.21	0.38	0.71	0.84	0.53	-0.7	0.39	0.39	-0.11	0.12
Cash	0.61	0.46	-0.3	0.46	0.56	0.5	0.16	0.54	0.57		0.52	0.14	1.0	0.45	0.29	0.62	-0.48	0.51	0.64	0.85	0.37	-0.49	0.55	-0.15	-0.24	-0.26
Non Current Assets Total	0.99	0.87	0.13	0.62	0.97	0.99	0.78	0.21	0.66	0.52		0.05	0.52	0.74	0.75	0.97	0.05	0.07	0.98	0.74	0.41	-0.89	0.36	0.42	0.3	0.37
Non Currrent Assets Other	0.11	-0.16	0.16	0.38	0.12	-0.02	-0.23	0.32	0.32	0.14	0.05		0.14	0.36	-0.07	0.02	-0.3	0.13	0.09	0.29	0.2	-0.15	0.36	-0.13	0.02	-0.21
Cash And Short Term Investments	0.61	0.46	-0.3	0.46	0.56	0.5	0.16	0.54	0.57	1.0	0.52	0.14		0.45	0.29	0.62	-0.48	0.51	0.64	0.85	0.37	-0.49	0.55	-0.15	-0.24	-0.26
Net Receivables	0.8	0.39	0.1	0.94	0.84	0.68	0.27	0.31	0.87	0.45	0.74	0.36	0.45		0.59	0.64	-0.14	0.35	0.74	0.85	0.54	-0.78	0.41	0.42	-0.02	0.19
Common Stock Shares Outstanding	0.74	0.65	0.45	0.47	0.72	0.72	0.62	0.01	0.3	0.29	0.75	-0.07	0.29	0.59		0.73	0.33	0.05	0.74	0.53	0.16	-0.59	0.07	0.37	0.42	0.39
Non Current Liabilities Total	0.97	0.94	0.05	0.54	0.9	0.98	0.82	0.2	0.62	0.62	0.97	0.02	0.62	0.64	0.73		0.06	0.09	0.99	0.74	0.35	-0.82	0.34	0.35	0.32	0.31
Inventory	-0.03	0.26	0.34	-0.04	-0.11	0.09	0.46	-0.89	-0.21	-0.48	0.05	-0.3	-0.48	-0.14	0.33	0.06		-0.39	0.04	-0.32	-0.44	0.0	-0.82	0.57	0.57	0.45
Other Stockholder Equity	0.16	-0.08	-0.17	0.32	0.18	0.01	-0.27	0.26	0.38	0.51	0.07	0.13	0.51	0.35	0.05	0.09	-0.39		0.14	0.49	-0.12	-0.18	0.45	-0.2	-0.23	-0.47
Total Liab	0.98	0.89	0.06	0.67	0.93	0.97	0.76	0.2	0.71	0.64	0.98	0.09	0.64	0.74	0.74	0.99	0.04	0.14		0.81	0.4	-0.86	0.35	0.4	0.28	0.3
Total Current Assets	0.83	0.51	-0.08	0.82	0.82	0.69	0.26	0.46	0.84	0.85	0.74	0.29	0.85	0.85	0.53	0.74	-0.32	0.49	0.81		0.51	-0.75	0.52	0.15	-0.12	-0.02
Short Term Debt	0.45	0.2	-0.24	0.45	0.5	0.4	0.1	0.52	0.53	0.37	0.41	0.2	0.37	0.54	0.16	0.35	-0.44	-0.12	0.4	0.51		-0.36	0.35	0.24	-0.32	0.46
Intangible Assets	-0.9	-0.65	-0.2	-0.74	-0.91	-0.86	-0.54	-0.17	-0.7	-0.49	-0.89	-0.15	-0.49	-0.78	-0.59	-0.82	0.0	-0.18	-0.86	-0.75	-0.36		-0.35	-0.44	-0.26	-0.22
Good Will	0.41	0.1	-0.16	0.24	0.47	0.3	-0.07	0.91	0.39	0.55	0.36	0.36	0.55	0.41	0.07	0.34	-0.82	0.45	0.35	0.52	0.35	-0.35		-0.4	-0.23	-0.4
Other Current Assets	0.39	0.39	-0.07	0.5	0.35	0.47	0.5	-0.5	0.39	-0.15	0.42	-0.13	-0.15	0.42	0.37	0.35	0.57	-0.2	0.4	0.15	0.24	-0.44	-0.4		0.13	0.6
Other Liab	0.22	0.44	0.72	-0.04	0.15	0.31	0.57	-0.4	-0.11	-0.24	0.3	0.02	-0.24	-0.02	0.42	0.32	0.57	-0.23	0.28	-0.12	-0.32	-0.26	-0.23	0.13		0.43
Net Tangible Assets	0.3	0.43	0.25	0.12	0.28	0.4	0.56	-0.35	0.12	-0.26	0.37	-0.21	-0.26	0.19	0.39	0.31	0.45	-0.47	0.3	-0.02	0.46	-0.22	-0.4	0.6	0.43

Click cells to compare fundamentals

Precision Drilling Account Relationship Matchups

Precision Drilling fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.3B	2.9B	2.7B	2.9B	3.3B	3.3B
Short Long Term Debt Total	1.5B	1.3B	1.2B	1.2B	992.2M	1.0B
Other Current Liab	4.1M	3.7M	839K	3.0M	191.0M	200.6M
Total Current Liabilities	216.1M	166.8M	238.1M	410.0M	365.6M	304.6M
Total Stockholder Equity	1.5B	1.4B	1.2B	1.2B	1.6B	1.7B
Property Plant And Equipment Net	2.8B	2.5B	2.3B	2.4B	2.4B	2.4B
Net Debt	1.4B	1.2B	1.1B	1.1B	938.0M	901.5M
Retained Earnings	(969.5M)	(1.1B)	(1.3B)	(1.3B)	(1.0B)	(961.4M)
Accounts Payable	199.5M	151.0M	224.1M	392.1M	151.3M	231.9M
Cash	74.7M	108.8M	40.6M	21.6M	54.2M	51.5M
Non Current Assets Total	2.9B	2.6B	2.3B	2.4B	2.8B	2.8B
Non Currrent Assets Other	(2.8B)	(2.6B)	23.9M	1.6M	10.7M	11.2M
Cash And Short Term Investments	74.7M	108.8M	40.6M	21.6M	54.2M	51.5M
Net Receivables	311.3M	207.2M	255.7M	413.9M	421.4M	415.5M
Common Stock Shares Outstanding	14.9M	13.7M	13.3M	13.5M	15.3M	14.4M
Liabilities And Stockholders Equity	3.3B	2.9B	2.7B	2.9B	3.3B	3.3B
Non Current Liabilities Total	1.5B	1.3B	1.2B	1.2B	1.4B	1.3B
Inventory	31.7M	26.3M	23.4M	35.2M	35.3M	29.1M
Other Stockholder Equity	66.3M	72.9M	76.3M	72.6M	75.1M	71.3M
Total Liab	1.7B	1.5B	1.4B	1.6B	1.7B	1.6B
Total Current Assets	417.8M	342.3M	319.8M	470.7M	510.9M	577.2M
Short Term Debt	12.4M	12.2M	13.2M	15.0M	20.2M	19.2M
Intangible Assets	31.7M	27.7M	23.9M	19.6M	17.3M	16.4M
Good Will	205.2M	35.4M	31.7M	27.7M	24.9M	23.7M
Accumulated Other Comprehensive Income	134.3M	137.6M	134.8M	159.7M	147.5M	154.8M
Other Current Assets	67.4M	76.5M	76.1M	91.2M	86.9M	43.7M
Other Liab	44.2M	40.3M	45.5M	96.6M	111.1M	116.7M
Net Tangible Assets	1.5B	1.4B	1.2B	1.2B	1.4B	1.5B
Other Assets	7.0M	3.2M	867K	455K	409.5K	389.0K
Long Term Debt	1.4B	1.2B	1.1B	1.1B	914.8M	1.1B
Deferred Long Term Liab	2.3M	2.1M	2.1M	1.4M	1.6M	1.1M
Common Stock	2.3B	2.3B	2.3B	2.3B	2.4B	2.0B
Property Plant Equipment	2.8B	2.5B	2.3B	2.4B	2.7B	2.6B
Property Plant And Equipment Gross	6.7B	2.5B	2.3B	2.4B	7.0B	4.7B
Long Term Debt Total	1.5B	1.3B	1.2B	1.1B	1.0B	1.3B
Capital Surpluse	66.3M	72.9M	76.3M	72.6M	83.4M	63.1M

Pair Trading with Precision Drilling

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 Precision Drilling 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 Precision Drilling will appreciate offsetting losses from the drop in the long position's value.

Moving together with Precision Stock

0.86	DO	Diamond Offshore Drilling	Pair Corr
0.77	NE	Noble plc	Pair Corr

Moving against Precision Stock

0.51

BORR

Borr Drilling Earnings Call This Week

Pair Corr

The ability to find closely correlated positions to Precision Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precision Drilling 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 Precision Drilling - 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 Precision Drilling to buy it.

The correlation of Precision Drilling 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 Precision Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precision Drilling 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 Precision Drilling 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.

Pair Correlation Correlation Matching

When determining whether Precision Drilling is a strong investment it is important to analyze Precision Drilling's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Precision Drilling's future performance. For an informed investment choice regarding Precision Stock, refer to the following important reports:

How To Invest In Precision

Details

Is Precision Stock a good investment?

Details

What is Precision Drilling's Net Worth?

Details

Largest Energy Equipment & Services Companies

View

Largest Oil & Gas Drilling Companies

View

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.

Note that the Precision Drilling information on this page should be used as a complementary analysis to other Precision Drilling's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for Precision Stock analysis

When running Precision Drilling's price analysis, check to measure Precision Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Precision Drilling is operating at the current time. Most of Precision Drilling's value examination focuses on studying past and present price action to predict the probability of Precision Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precision Drilling's price. Additionally, you may evaluate how the addition of Precision Drilling to your portfolios can decrease your overall portfolio volatility.

	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios
	Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios
	Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk
	Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges

Is Precision Drilling's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Precision Drilling. If investors know Precision will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Precision Drilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.55)

Earnings Share

12.07

Revenue Per Share

136.766

Quarterly Revenue Growth

(0.06)

Return On Assets

0.0524

The market value of Precision Drilling is measured differently than its book value, which is the value of Precision that is recorded on the company's balance sheet. Investors also form their own opinion of Precision Drilling's value that differs from its market value or its book value, called intrinsic value, which is Precision Drilling's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Precision Drilling's market value can be influenced by many factors that don't directly affect Precision Drilling's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Precision Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precision Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precision Drilling's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Precision Income Tax Expense vs Total Operating Expenses Analysis

Income Tax Expense vs Total Operating Expenses

Income Tax Expense vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Income Tax Expense

Total Operating Expenses

Precision Drilling fundamental ratios Correlations

Precision Drilling Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Precision Drilling fundamental ratios Accounts

Pair Trading with Precision Drilling

Moving together with Precision Stock

Moving against Precision Stock

Complementary Tools for Precision Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total
Total Stockholder Equity	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets

Intangible Assets	- 0.91	Total Stockholder Equity
Intangible Assets	- 0.9	Total Assets
Intangible Assets	- 0.89	Non Current Assets Total
Inventory	- 0.89	Retained Earnings
Intangible Assets	- 0.86	Total Liab
Intangible Assets	- 0.86	Property Plant And Equipment Net