Patterson Retained Earnings vs Net Tangible Assets Analysis
PTEN Stock | USD 10.22 0.13 1.26% |
Patterson UTI financial indicator trend analysis is much more than just breaking down Patterson UTI Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patterson UTI Energy is a good investment. Please check the relationship between Patterson UTI Retained Earnings and its Net Tangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson UTI Energy. 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.
Retained Earnings vs Net Tangible Assets
Retained Earnings vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patterson UTI Energy Retained Earnings account and Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Patterson UTI's Retained Earnings and Net Tangible Assets is 0.77. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Patterson UTI Energy, assuming nothing else is changed. The correlation between historical values of Patterson UTI's Retained Earnings and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Patterson UTI Energy are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Retained Earnings i.e., Patterson UTI's Retained Earnings and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Patterson UTI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patterson UTI Energy 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 Patterson UTI Energy. 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. At this time, Patterson UTI's Selling General Administrative is very stable compared to the past year. As of the 10th of June 2024, Tax Provision is likely to grow to about 40 M, while Discontinued Operations is likely to drop about 2 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 93.1M | 104.0M | 170.8M | 133.2M | Cost Of Revenue | 1.9B | 2.3B | 3.5B | 3.7B |
Patterson UTI fundamental ratios Correlations
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Patterson UTI Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Patterson UTI fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.4B | 3.3B | 3.0B | 3.1B | 7.4B | 7.8B | |
Short Long Term Debt Total | 1.0B | 927.7M | 877.3M | 855.7M | 1.3B | 1.4B | |
Other Current Liab | 220.2M | 174.4M | 178.5M | 198.6M | 347.4M | 364.7M | |
Total Current Liabilities | 400.6M | 273.7M | 435.9M | 551.0M | 1.1B | 1.1B | |
Total Stockholder Equity | 2.8B | 2.0B | 1.6B | 1.7B | 4.8B | 5.1B | |
Property Plant And Equipment Net | 3.3B | 2.8B | 2.4B | 2.3B | 3.5B | 2.0B | |
Net Debt | 828.9M | 702.8M | 759.8M | 718.1M | 1.2B | 1.2B | |
Retained Earnings | 1.3B | 472.0M | (198.3M) | (87.4M) | 57.0M | 54.2M | |
Accounts Payable | 170.5M | 91.6M | 190.2M | 237.1M | 534.4M | 561.1M | |
Cash | 174.2M | 224.9M | 117.5M | 137.6M | 192.7M | 202.3M | |
Non Current Assets Total | 3.8B | 2.8B | 2.4B | 2.3B | 5.9B | 6.2B | |
Non Currrent Assets Other | 17.8M | 11.4M | 11.1M | 10.9M | 19.4M | 20.4M | |
Cash And Short Term Investments | 174.2M | 224.9M | 117.5M | 137.6M | 192.7M | 202.3M | |
Net Receivables | 346.1M | 164.6M | 356.2M | 565.9M | 1.0B | 1.1B | |
Common Stock Shares Outstanding | 203.0M | 188.0M | 195.0M | 219.5M | 280.1M | 153.1M | |
Liabilities And Stockholders Equity | 4.4B | 3.3B | 3.0B | 3.1B | 7.4B | 7.8B | |
Non Current Liabilities Total | 1.2B | 1.0B | 912.5M | 927.3M | 1.5B | 1.6B | |
Inventory | 36.4M | 33.1M | 42.4M | 58.0M | 180.8M | 189.8M | |
Other Current Assets | 75.2M | 55.3M | 67.6M | 67.9M | 83.2M | 41.9M | |
Other Stockholder Equity | 1.5B | 1.5B | 1.8B | 1.7B | 4.7B | 5.0B | |
Total Liab | 1.6B | 1.3B | 1.3B | 1.5B | 2.6B | 2.7B | |
Property Plant And Equipment Gross | 3.3B | 2.8B | 8.2B | 8.0B | 9.3B | 9.8B | |
Total Current Assets | 631.8M | 478.0M | 583.7M | 829.4M | 1.5B | 1.6B | |
Accumulated Other Comprehensive Income | 5.5M | 5.4M | 5.9M | (467.9M) | 472K | 495.6K | |
Intangible Assets | 71.4M | 30.1M | 7.5M | 5.8M | 1.1B | 1.1B | |
Common Stock Total Equity | 2.7M | 2.7M | 3.0M | 3.0M | 3.5M | 2.0M | |
Common Stock | 2.7M | 2.7M | 3.0M | 3.0M | 5.2M | 5.4M | |
Other Liab | 212.2M | 88.7M | 42.1M | 76.8M | 88.3M | 130.0M | |
Other Assets | 25.8M | 30.0M | 15.9M | 27.1M | (1.5B) | (1.4B) | |
Long Term Debt | 966.5M | 901.5M | 852.3M | 830.9M | 1.2B | 707.4M | |
Good Will | 410.8M | 372.6M | 30.1M | 0.0 | 1.4B | 1.4B | |
Treasury Stock | (1.3B) | (1.4B) | (1.4B) | (1.5B) | (1.3B) | (1.2B) | |
Property Plant Equipment | 3.3B | 2.8B | 2.3B | 2.3B | 2.6B | 2.6B | |
Net Tangible Assets | 2.4B | 2.0B | 1.7B | 1.7B | 1.5B | 1.9B | |
Capital Surpluse | 2.9B | 2.9B | 3.2B | 3.2B | 3.7B | 2.0B |
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When determining whether Patterson UTI Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson UTI's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Uti Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Uti Energy Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson UTI Energy. 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. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Energy Equipment & Services space 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 Patterson UTI. If investors know Patterson 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 Patterson UTI 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 (0.73) | Dividend Share 0.32 | Earnings Share 0.54 | Revenue Per Share 14.809 | Quarterly Revenue Growth 0.908 |
The market value of Patterson UTI Energy is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson UTI's value that differs from its market value or its book value, called intrinsic value, which is Patterson UTI'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 Patterson UTI's market value can be influenced by many factors that don't directly affect Patterson UTI'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 Patterson UTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson UTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson UTI'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.