Sitio Retained Earnings vs Total Current Assets Analysis
STR Stock | USD 23.32 0.46 1.93% |
Sitio Royalties financial indicator trend analysis is much more than just breaking down Sitio Royalties Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sitio Royalties Corp is a good investment. Please check the relationship between Sitio Royalties Retained Earnings and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sitio Royalties Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Retained Earnings vs Total Current Assets
Retained Earnings vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sitio Royalties Corp Retained Earnings account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Sitio Royalties' Retained Earnings and Total Current Assets is 0.82. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Sitio Royalties Corp, assuming nothing else is changed. The correlation between historical values of Sitio Royalties' Retained Earnings and Total Current 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 Sitio Royalties Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Retained Earnings i.e., Sitio Royalties' Retained Earnings and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.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.Most indicators from Sitio Royalties' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sitio Royalties 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 Sitio Royalties Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Sitio Royalties' Selling General Administrative is relatively stable compared to the past year. As of 05/17/2024, Tax Provision is likely to grow to about 7.7 M, while Issuance Of Capital Stock is likely to drop 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 120.6M | 369.6M | 593.4M | 967.3M | Depreciation And Amortization | 50.2M | 130.1M | 291.3M | 164.8M |
Sitio Royalties fundamental ratios Correlations
Click cells to compare fundamentals
Sitio Royalties Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sitio Royalties fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 290.3M | 275.7M | 1.2B | 5.2B | 4.8B | 2.4B | |
Short Long Term Debt Total | 42.5M | 39.8M | 134M | 945.8M | 872.5M | 553.5M | |
Total Current Liabilities | 2.2M | 3.1M | 4.6M | 26.4M | 31.8M | 30.2M | |
Total Stockholder Equity | 129.1M | 139.8M | 560.6M | 1.7B | 1.6B | 1.0B | |
Property Plant And Equipment Net | 219.7M | 207.9M | 1.2B | 5.0B | 4.6B | 4.8B | |
Net Debt | 40.0M | 37.1M | 121.6M | 926.9M | 857.3M | 536.0M | |
Retained Earnings | 22.7M | 18.7M | 9.6M | (9.2M) | (187.7M) | (178.4M) | |
Accounts Payable | 2.2M | 1.5M | 175K | 21.9M | 268K | 254.6K | |
Cash | 2.5M | 2.7M | 12.4M | 18.8M | 15.2M | 12.7M | |
Non Current Assets Total | 278.7M | 266.8M | 1.2B | 5.0B | 4.6B | 4.8B | |
Cash And Short Term Investments | 2.5M | 2.7M | 12.4M | 18.8M | 15.2M | 28.4M | |
Net Receivables | 7.9M | 5.4M | 36.2M | 142.0M | 107.3M | 125.7M | |
Common Stock Shares Outstanding | 11.5M | 21.5M | 20.0M | 13.7M | 81.3M | 88.1M | |
Liabilities And Stockholders Equity | 290.3M | 275.7M | 1.2B | 5.2B | 4.8B | 2.6B | |
Non Current Liabilities Total | 43.1M | 44.2M | 135.1M | 1.3B | 1.1B | 694.4M | |
Other Current Assets | 1.2M | 766K | 1.2M | 173.4M | 31.4M | 29.9M | |
Total Liab | 45.3M | 47.3M | 139.7M | 1.3B | 1.2B | 1.7B | |
Total Current Assets | 11.6M | 8.9M | 48.8M | 192.2M | 154.0M | 278.2M | |
Other Stockholder Equity | 129.1M | 121.1M | 551.0M | 1.7B | 1.8B | 1.9B | |
Non Currrent Assets Other | 2.5M | 3.0M | (50.0M) | 8.8M | 14.0M | 14.7M | |
Long Term Debt Total | 42.5M | 39.8M | 40M | 938.9M | 1.1B | 1.1B | |
Capital Surpluse | 117.6M | 121.1M | 121.0M | 1.8B | 2.0B | 2.1B | |
Cash And Equivalents | 2.5M | 2.7M | 2.8M | 18.8M | 21.6M | 22.7M | |
Other Assets | 979K | 1.0M | 2.1M | 22.2M | 20.0M | 14.1M | |
Long Term Debt | 42.5M | 39.8M | 40M | 938.9M | 865.3M | 908.6M | |
Net Invested Capital | 171.6M | 163.3M | 170.7M | 2.7B | 2.5B | 2.6B | |
Net Working Capital | 9.4M | 5.8M | 10.0M | 165.8M | 122.2M | 128.3M |
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Is Sitio Royalties' 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 Sitio Royalties. If investors know Sitio 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 Sitio Royalties 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 (0.65) | Dividend Share 1.81 | Earnings Share (0.38) | Revenue Per Share 7.258 | Quarterly Revenue Growth 0.004 |
The market value of Sitio Royalties Corp is measured differently than its book value, which is the value of Sitio that is recorded on the company's balance sheet. Investors also form their own opinion of Sitio Royalties' value that differs from its market value or its book value, called intrinsic value, which is Sitio Royalties' 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 Sitio Royalties' market value can be influenced by many factors that don't directly affect Sitio Royalties' 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 Sitio Royalties' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sitio Royalties is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sitio Royalties' 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.