Texas Total Assets vs Total Revenue Analysis
| TPL Stock | USD 569.72 1.72 0.30% |
Texas Pacific financial indicator trend analysis is much more than just breaking down Texas Pacific Land prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Texas Pacific Land is a good investment. Please check the relationship between Texas Pacific Total Assets and its Total Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Texas Pacific Land. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Total Assets vs Total Revenue
Total Assets vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Texas Pacific Land Total Assets account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Texas Pacific's Total Assets and Total Revenue is 0.97. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Texas Pacific Land, assuming nothing else is changed. The correlation between historical values of Texas Pacific's Total Assets and Total 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 Total Assets of Texas Pacific Land are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Assets i.e., Texas Pacific's Total Assets and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Texas Pacific assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Texas Pacific Land books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Revenue
Total revenue comprises all receipts Texas Pacific Land generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from Texas Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Texas Pacific Land 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 Texas Pacific Land. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. At this time, Texas Pacific's Selling General Administrative is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.15 this year, although the value of Tax Provision will most likely fall to about 72.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 421.5M | 634.5M | 583.3M | 612.4M | Total Revenue | 451.0M | 667.4M | 631.6M | 663.2M |
Texas Pacific fundamental ratios Correlations
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Texas Pacific Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Texas Pacific fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 598.2M | 571.6M | 764.1M | 877.4M | 1.2B | 1.2B | |
| Total Stockholder Equity | 512.1M | 485.2M | 651.7M | 772.9M | 1.0B | 1.1B | |
| Retained Earnings | 513.6M | 487.9M | 668.0M | 866.1M | 1.2B | 1.2B | |
| Common Stock Shares Outstanding | 23.3M | 23.3M | 23.3M | 23.2M | 23.1M | 24.2M | |
| Liabilities And Stockholders Equity | 598.2M | 571.6M | 764.1M | 877.4M | 1.2B | 1.2B | |
| Property Plant And Equipment Net | 120.5M | 127.4M | 125.9M | 133.0M | 138.1M | 145.0M | |
| Non Current Assets Total | 124.5M | 131.9M | 128.5M | 134.3M | 293.9M | 308.6M | |
| Non Currrent Assets Other | 4.0M | 4.5M | 2.5M | 1.3M | (4.7M) | (4.5M) | |
| Other Assets | 111.1M | 211.3M | 111.6M | 6.3M | 7.3M | 6.9M | |
| Net Receivables | 63.0M | 48.2M | 95.2M | 104.0M | 129.0M | 135.4M | |
| Total Current Assets | 473.7M | 439.8M | 635.6M | 743.1M | 862.5M | 905.6M | |
| Other Current Liab | (12.8M) | 4.1M | 29.1M | 11.2M | 27.3M | 28.7M | |
| Total Current Liabilities | 24.5M | 18.7M | 67.5M | 56.8M | 63.1M | 66.2M | |
| Net Debt | (300.3M) | (278.2M) | (426.8M) | (508.9M) | (724.0M) | (687.8M) | |
| Accounts Payable | 19.2M | 14.7M | 18.0M | 23.9M | 22.5M | 23.6M | |
| Cash | 303.6M | 281.0M | 428.2M | 510.8M | 725.2M | 761.4M | |
| Cash And Short Term Investments | 303.6M | 281.0M | 428.2M | 510.8M | 725.2M | 761.4M | |
| Non Current Liabilities Total | 61.6M | 67.7M | 44.8M | 47.7M | 50.1M | 52.6M | |
| Other Stockholder Equity | 1.0 | (487.9M) | (15.4M) | (95.8M) | (130.4M) | (123.9M) | |
| Total Liab | 86.0M | 86.5M | 112.4M | 104.5M | 113.2M | 118.9M | |
| Property Plant And Equipment Gross | 120.5M | 79.3M | 166.5M | 185.9M | 200.1M | 210.1M | |
| Other Current Assets | (366.6M) | 2.0M | 3.1M | 7.4M | 2.9M | 3.1M | |
| Property Plant Equipment | 195.4M | 81.7M | 81.5M | 242.7M | 279.1M | 293.1M | |
| Other Liab | 58.2M | 64.9M | 60.0M | 63.0M | 72.4M | 76.1M | |
| Accumulated Other Comprehensive Income | (1.5M) | (2.7M) | (1.0M) | 2.5M | 1.8M | 1.9M | |
| Current Deferred Revenue | 17.4M | 26.2M | 20.4M | 21.7M | 25.0M | 12.7M | |
| Inventory | 107.1M | 108.5M | 109.1M | 109.7M | 5.4M | 5.1M | |
| Short Term Debt | (13.4M) | 696K | (26.2M) | 0.0 | (11.7M) | (11.2M) | |
| Net Tangible Assets | 512.1M | 485.2M | 651.7M | 772.9M | 888.8M | 933.3M | |
| Common Stock | 245.8M | 513.6M | 487.9M | 78K | 89.7K | 85.2K | |
| Cash And Equivalents | 303.6M | 281.0M | 428.2M | 510.8M | 587.5M | 616.8M | |
| Net Invested Capital | 512.1M | 485.2M | 651.7M | 772.9M | 1.0B | 595.4M | |
| Net Working Capital | 449.3M | 421.0M | 568.0M | 686.3M | 799.4M | 501.8M |
Currently Active Assets on Macroaxis
When determining whether Texas Pacific Land is a strong investment it is important to analyze Texas Pacific'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 Texas Pacific's future performance. For an informed investment choice regarding Texas Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Texas Pacific Land. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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When running Texas Pacific's price analysis, check to measure Texas Pacific'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 Texas Pacific is operating at the current time. Most of Texas Pacific's value examination focuses on studying past and present price action to predict the probability of Texas Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Texas Pacific's price. Additionally, you may evaluate how the addition of Texas Pacific to your portfolios can decrease your overall portfolio volatility.
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Is Texas Pacific'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 Texas Pacific. If investors know Texas 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 Texas Pacific 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 0.137 | Dividend Share 4.333 | Earnings Share 17.6 | Revenue Per Share 27.408 | Quarterly Revenue Growth 0.091 |
The market value of Texas Pacific Land is measured differently than its book value, which is the value of Texas that is recorded on the company's balance sheet. Investors also form their own opinion of Texas Pacific's value that differs from its market value or its book value, called intrinsic value, which is Texas Pacific'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 Texas Pacific's market value can be influenced by many factors that don't directly affect Texas Pacific'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 Texas Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Texas Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Texas Pacific'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.