PNM Net Working Capital vs Total Current Assets Analysis

PNM Stock

USD 36.96 0.03 0.08%

PNM Resources financial indicator trend analysis is much more than just breaking down PNM Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PNM Resources is a good investment. Please check the relationship between PNM Resources Net Working Capital and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PNM Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in PNM Stock, please use our How to Invest in PNM Resources guide.

Net Working Capital vs Total Current Assets

Net Working Capital vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PNM Resources Net Working Capital account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between PNM Resources' Net Working Capital and Total Current Assets is -0.48. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of PNM Resources, assuming nothing else is changed. The correlation between historical values of PNM Resources' Net Working Capital 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 Net Working Capital of PNM Resources 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 Net Working Capital i.e., PNM Resources' Net Working Capital and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Working Capital

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 PNM Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PNM Resources 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 PNM Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in PNM Stock, please use our How to Invest in PNM Resources guide.At this time, PNM Resources' Selling General Administrative is very stable compared to the past year. As of the 29th of June 2024, Tax Provision is likely to grow to about 26 M, while Enterprise Value Over EBITDA is likely to drop 9.66.

	2021	2022	2023	2024 (projected)
Gross Profit	991.1M	1.1B	627.1M	906.4M
Total Revenue	1.8B	2.2B	1.9B	1.5B

Gross Profit Total Revenue

PNM Resources 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		0.71	0.46	0.57	0.38	0.82	0.66	-0.43	0.46	0.83	0.35	-0.2	0.7	0.14	-0.2	0.63	0.41	0.6	0.22	-0.28	-0.37	0.66	0.47	0.45	0.17	0.91
Total Assets	0.71		0.77	0.81	0.81	0.96	1.0	-0.69	0.77	0.92	0.76	-0.21	1.0	0.26	-0.21	0.27	0.79	0.82	0.66	-0.43	-0.58	1.0	0.75	0.14	0.55	0.89
Short Long Term Debt Total	0.46	0.77		0.82	0.73	0.7	0.76	-0.64	1.0	0.67	0.77	-0.32	0.77	0.68	-0.32	0.27	0.55	0.98	0.51	-0.32	-0.83	0.78	0.97	0.24	0.5	0.58
Other Current Liab	0.57	0.81	0.82		0.72	0.79	0.78	-0.56	0.82	0.68	0.72	-0.3	0.79	0.71	-0.3	0.47	0.63	0.83	0.74	-0.09	-0.78	0.8	0.82	0.5	0.36	0.72
Total Current Liabilities	0.38	0.81	0.73	0.72		0.71	0.81	-0.64	0.72	0.68	0.6	-0.04	0.81	0.34	-0.04	0.03	0.7	0.68	0.77	-0.1	-0.54	0.82	0.61	0.08	0.89	0.63
Total Stockholder Equity	0.82	0.96	0.7	0.79	0.71		0.94	-0.7	0.7	0.96	0.71	-0.14	0.95	0.22	-0.14	0.4	0.78	0.79	0.52	-0.37	-0.54	0.93	0.71	0.31	0.45	0.97
Property Plant And Equipment Net	0.66	1.0	0.76	0.78	0.81	0.94		-0.68	0.76	0.9	0.76	-0.2	1.0	0.22	-0.2	0.19	0.79	0.79	0.67	-0.46	-0.55	1.0	0.74	0.07	0.57	0.85
Current Deferred Revenue	-0.43	-0.69	-0.64	-0.56	-0.64	-0.7	-0.68		-0.64	-0.8	-0.38	0.14	-0.69	-0.11	0.14	0.04	-0.92	-0.69	-0.47	0.32	0.38	-0.67	-0.58	-0.01	-0.61	-0.65
Net Debt	0.46	0.77	1.0	0.82	0.72	0.7	0.76	-0.64		0.67	0.77	-0.33	0.77	0.68	-0.33	0.27	0.55	0.98	0.51	-0.32	-0.83	0.78	0.97	0.24	0.5	0.57
Retained Earnings	0.83	0.92	0.67	0.68	0.68	0.96	0.9	-0.8	0.67		0.57	-0.19	0.92	0.09	-0.19	0.28	0.81	0.77	0.47	-0.44	-0.45	0.9	0.65	0.17	0.5	0.94
Accounts Payable	0.35	0.76	0.77	0.72	0.6	0.71	0.76	-0.38	0.77	0.57		-0.14	0.75	0.5	-0.14	0.31	0.51	0.75	0.38	-0.33	-0.78	0.76	0.82	0.25	0.27	0.54
Cash	-0.2	-0.21	-0.32	-0.3	-0.04	-0.14	-0.2	0.14	-0.33	-0.19	-0.14		-0.22	-0.34	1.0	-0.22	-0.08	-0.34	-0.25	0.45	0.33	-0.23	-0.36	0.06	0.09	-0.09
Non Current Assets Total	0.7	1.0	0.77	0.79	0.81	0.95	1.0	-0.69	0.77	0.92	0.75	-0.22		0.24	-0.22	0.24	0.79	0.81	0.66	-0.45	-0.57	1.0	0.74	0.11	0.56	0.88
Non Currrent Assets Other	0.14	0.26	0.68	0.71	0.34	0.22	0.22	-0.11	0.68	0.09	0.5	-0.34	0.24		-0.34	0.49	0.05	0.62	0.36	0.16	-0.78	0.27	0.67	0.55	0.07	0.15
Cash And Short Term Investments	-0.2	-0.21	-0.32	-0.3	-0.04	-0.14	-0.2	0.14	-0.33	-0.19	-0.14	1.0	-0.22	-0.34		-0.22	-0.08	-0.34	-0.25	0.45	0.33	-0.23	-0.36	0.06	0.09	-0.09
Net Receivables	0.63	0.27	0.27	0.47	0.03	0.4	0.19	0.04	0.27	0.28	0.31	-0.22	0.24	0.49	-0.22		-0.02	0.35	-0.05	0.11	-0.52	0.23	0.34	0.85	-0.25	0.48
Common Stock Total Equity	0.41	0.79	0.55	0.63	0.7	0.78	0.79	-0.92	0.55	0.81	0.51	-0.08	0.79	0.05	-0.08	-0.02		0.59	0.61	-0.32	-0.35	0.78	0.52	0.01	0.59	0.72
Non Current Liabilities Total	0.6	0.82	0.98	0.83	0.68	0.79	0.79	-0.69	0.98	0.77	0.75	-0.34	0.81	0.62	-0.34	0.35	0.59		0.47	-0.37	-0.8	0.81	0.96	0.29	0.44	0.69
Inventory	0.22	0.66	0.51	0.74	0.77	0.52	0.67	-0.47	0.51	0.47	0.38	-0.25	0.66	0.36	-0.25	-0.05	0.61	0.47		-0.01	-0.4	0.68	0.42	0.02	0.59	0.46
Other Current Assets	-0.28	-0.43	-0.32	-0.09	-0.1	-0.37	-0.46	0.32	-0.32	-0.44	-0.33	0.45	-0.45	0.16	0.45	0.11	-0.32	-0.37	-0.01		0.01	-0.43	-0.37	0.49	-0.05	-0.3
Other Stockholder Equity	-0.37	-0.58	-0.83	-0.78	-0.54	-0.54	-0.55	0.38	-0.83	-0.45	-0.78	0.33	-0.57	-0.78	0.33	-0.52	-0.35	-0.8	-0.4	0.01		-0.59	-0.84	-0.53	-0.24	-0.42
Total Liab	0.66	1.0	0.78	0.8	0.82	0.93	1.0	-0.67	0.78	0.9	0.76	-0.23	1.0	0.27	-0.23	0.23	0.78	0.81	0.68	-0.43	-0.59		0.75	0.1	0.57	0.85
Property Plant And Equipment Gross	0.47	0.75	0.97	0.82	0.61	0.71	0.74	-0.58	0.97	0.65	0.82	-0.36	0.74	0.67	-0.36	0.34	0.52	0.96	0.42	-0.37	-0.84	0.75		0.3	0.33	0.56
Total Current Assets	0.45	0.14	0.24	0.5	0.08	0.31	0.07	-0.01	0.24	0.17	0.25	0.06	0.11	0.55	0.06	0.85	0.01	0.29	0.02	0.49	-0.53	0.1	0.3		-0.16	0.37
Short Term Debt	0.17	0.55	0.5	0.36	0.89	0.45	0.57	-0.61	0.5	0.5	0.27	0.09	0.56	0.07	0.09	-0.25	0.59	0.44	0.59	-0.05	-0.24	0.57	0.33	-0.16		0.4
Common Stock	0.91	0.89	0.58	0.72	0.63	0.97	0.85	-0.65	0.57	0.94	0.54	-0.09	0.88	0.15	-0.09	0.48	0.72	0.69	0.46	-0.3	-0.42	0.85	0.56	0.37	0.4

Click cells to compare fundamentals

PNM Resources Account Relationship Matchups

PNM Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	80.0M	80.3M	86.1M	86.2M	86.4M	78.4M
Total Assets	7.3B	7.9B	8.7B	9.3B	10.3B	5.7B
Short Long Term Debt Total	3.3B	3.4B	3.8B	4.4B	5.0B	5.2B
Other Current Liab	149.3M	166.8M	217.3M	233.0M	465.0M	245.7M
Total Current Liabilities	967.5M	977.7M	664.2M	890.4M	1.2B	696.9M
Total Stockholder Equity	1.7B	2.1B	2.2B	2.2B	2.4B	1.6B
Property Plant And Equipment Net	5.6B	6.1B	6.9B	7.1B	7.8B	4.0B
Current Deferred Revenue	10.6M	6.6M	5.1M	6.1M	6.2M	6.5M
Net Debt	3.3B	3.4B	3.8B	4.4B	5.0B	5.2B
Retained Earnings	627.5M	698.7M	810.2M	828.9M	787.1M	508.6M
Accounts Payable	103.1M	169.3M	172.6M	215.7M	205.2M	149.9M
Cash	3.8M	47.9M	1.1M	4.1M	2.2M	2.1M
Non Current Assets Total	7.0B	7.6B	8.3B	8.8B	9.8B	5.2B
Non Currrent Assets Other	36.4M	(35.8M)	(111.3M)	636.0M	3.3B	3.5B
Cash And Short Term Investments	3.8M	47.9M	1.1M	4.1M	2.2M	2.1M
Net Receivables	160.4M	198.4M	204.7M	269.8M	273.6M	252.5M
Common Stock Total Equity	1.2B	1.2B	1.4B	1.4B	1.6B	831.5M
Liabilities And Stockholders Equity	7.3B	7.9B	8.7B	9.3B	10.3B	5.7B
Non Current Liabilities Total	4.6B	4.8B	5.8B	6.1B	6.6B	6.9B
Inventory	77.9M	66.4M	65.1M	66.7M	98.0M	61.4M
Other Current Assets	51.8M	64.8M	16.4M	51.9M	82.0M	74.3M
Other Stockholder Equity	(377K)	(79.2M)	(71.9M)	(2.2B)	(2.0B)	(1.9B)
Total Liab	5.5B	5.8B	6.4B	7.0B	7.8B	4.0B
Property Plant And Equipment Gross	5.6B	6.1B	9.9B	9.8B	10.6B	11.1B
Total Current Assets	294.0M	377.5M	324.6M	411.0M	475.5M	457.7M
Accumulated Other Comprehensive Income	(99.4M)	(79.2M)	(71.9M)	(66.0M)	(62.8M)	(66.0M)
Short Term Debt	704.4M	635.0M	269.3M	435.6M	554.3M	378.7M
Common Stock	1.2B	1.4B	1.4B	1.4B	1.6B	980.8M
Other Liab	1.9B	2.0B	2.2B	2.2B	2.5B	1.3B
Other Assets	762.2M	759.5M	752.5M	1.0B	1.2B	720.6M
Long Term Debt	2.5B	2.7B	3.5B	3.9B	4.2B	2.1B
Property Plant Equipment	12.5M	6.0B	6.8B	455.8M	524.2M	498.0M
Short Term Investments	1.1M	1.1M	440.1M	26.8M	7.2M	6.8M
Noncontrolling Interest In Consolidated Entity	64.2M	63.1M	59.0M	55.4M	63.7M	54.9M
Retained Earnings Total Equity	644.0M	627.5M	698.7M	810.2M	931.7M	526.3M
Deferred Long Term Liab	662.4M	658.7M	653.6M	1.0B	1.2B	1.2B

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as PNM Resources using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations

Fix portfolios for free

Additional Information and Resources on Investing in PNM Stock

When determining whether PNM Resources is a strong investment it is important to analyze PNM Resources' 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 PNM Resources' future performance. For an informed investment choice regarding PNM Stock, refer to the following important reports:

How To Invest In PNM

Details

Is PNM Stock a good investment?

Details

What is PNM Resources' Net Worth?

Details

Largest Electric Utilities Companies

View

Largest Utilities - Regulated Electric Companies

View

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PNM Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in PNM Stock, please use our How to Invest in PNM Resources guide.

You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Is Electric Utilities 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 PNM Resources. If investors know PNM 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 PNM Resources 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

(0.19)

Dividend Share

1.51

Earnings Share

0.9

Revenue Per Share

20.963

Quarterly Revenue Growth

(0.20)

The market value of PNM Resources is measured differently than its book value, which is the value of PNM that is recorded on the company's balance sheet. Investors also form their own opinion of PNM Resources' value that differs from its market value or its book value, called intrinsic value, which is PNM Resources' 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 PNM Resources' market value can be influenced by many factors that don't directly affect PNM Resources' 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 PNM Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if PNM Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PNM Resources' 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

PNM Net Working Capital vs Total Current Assets Analysis

Net Working Capital vs Total Current Assets

Net Working Capital vs Total Current Assets Correlation Analysis

Correlation Coefficient

Net Working Capital

Total Current Assets

PNM Resources fundamental ratios Correlations

PNM Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PNM Resources fundamental ratios Accounts

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Additional Information and Resources on Investing in PNM Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net

Common Stock Total Equity	- 0.92	Current Deferred Revenue
Property Plant And Equipment Gross	- 0.84	Other Stockholder Equity
Other Stockholder Equity	- 0.83	Net Debt
Other Stockholder Equity	- 0.83	Short Long Term Debt Total
Other Stockholder Equity	- 0.8	Non Current Liabilities Total
Retained Earnings	- 0.8	Current Deferred Revenue