BHP Total Current Liabilities vs Asset Turnover Analysis

BHP Stock  USD 50.09  0.53  1.07%   
BHP Group financial indicator trend analysis is way more than just evaluating BHP Group Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BHP Group Limited is a good investment. Please check the relationship between BHP Group Total Current Liabilities and its Asset Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BHP Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Total Current Liabilities vs Asset Turnover

Total Current Liabilities vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BHP Group Limited Total Current Liabilities account and Asset Turnover. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between BHP Group's Total Current Liabilities and Asset Turnover is -0.09. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of BHP Group Limited, assuming nothing else is changed. The correlation between historical values of BHP Group's Total Current Liabilities and Asset Turnover 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 Current Liabilities of BHP Group Limited are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Total Current Liabilities i.e., BHP Group's Total Current Liabilities and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.09
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Current Liabilities

Total Current Liabilities is an item on BHP Group balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of BHP Group Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Most indicators from BHP Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BHP Group Limited 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in BHP Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
At this time, BHP Group's Selling General Administrative is relatively stable compared to the past year. As of 01/18/2025, Discontinued Operations is likely to grow to about 12.9 B, though Enterprise Value Multiple is likely to grow to (6.26).
 2022 2023 2024 2025 (projected)
Gross Profit27.7B46.1B53.0B55.7B
Total Revenue53.8B56.0B64.4B36.0B

BHP Group fundamental ratios Correlations

0.90.470.780.980.990.670.970.160.98-0.630.150.70.910.350.74-0.640.980.560.440.720.080.850.440.70.84
0.90.140.540.890.90.850.90.010.91-0.780.010.410.770.310.44-0.770.860.310.50.80.090.640.210.870.95
0.470.140.820.490.43-0.010.460.190.39-0.150.190.790.45-0.050.730.00.50.550.190.170.060.580.280.070.09
0.780.540.820.760.770.360.740.160.75-0.280.160.890.750.270.88-0.250.830.590.60.420.020.840.490.30.4
0.980.890.490.760.980.711.00.070.97-0.690.060.710.840.260.71-0.640.930.490.410.790.090.830.30.740.85
0.990.90.430.770.980.740.970.031.0-0.630.030.730.860.350.75-0.620.960.430.470.77-0.040.860.380.70.84
0.670.85-0.010.360.710.740.75-0.470.75-0.81-0.470.360.390.110.28-0.680.59-0.170.470.94-0.040.46-0.220.850.84
0.970.90.460.741.00.970.750.010.96-0.730.010.690.810.210.67-0.670.910.440.420.820.110.80.240.770.87
0.160.010.190.160.070.03-0.470.010.030.281.0-0.020.470.50.140.010.240.74-0.09-0.430.210.130.7-0.210.0
0.980.910.390.750.971.00.750.960.03-0.620.030.710.850.380.73-0.60.950.40.480.77-0.070.850.380.710.84
-0.63-0.78-0.15-0.28-0.69-0.63-0.81-0.730.28-0.620.29-0.22-0.380.22-0.160.81-0.52-0.05-0.23-0.84-0.24-0.280.29-0.9-0.84
0.150.010.190.160.060.03-0.470.011.00.030.29-0.010.460.50.150.020.230.74-0.09-0.430.210.130.7-0.220.0
0.70.410.790.890.710.730.360.69-0.020.71-0.22-0.010.590.260.9-0.120.720.380.360.49-0.190.830.380.210.35
0.910.770.450.750.840.860.390.810.470.85-0.380.460.590.490.73-0.560.950.760.360.40.120.830.710.450.68
0.350.31-0.050.270.260.350.110.210.50.380.220.50.260.490.38-0.040.450.290.150.03-0.140.470.640.020.28
0.740.440.730.880.710.750.280.670.140.73-0.160.150.90.730.38-0.130.80.550.330.4-0.10.860.570.150.33
-0.64-0.770.0-0.25-0.64-0.62-0.68-0.670.01-0.60.810.02-0.12-0.56-0.04-0.13-0.56-0.24-0.18-0.61-0.36-0.41-0.04-0.71-0.82
0.980.860.50.830.930.960.590.910.240.95-0.520.230.720.950.450.8-0.560.610.470.60.030.870.570.60.76
0.560.310.550.590.490.43-0.170.440.740.4-0.050.740.380.760.290.55-0.240.610.11-0.070.50.540.730.050.23
0.440.50.190.60.410.470.470.42-0.090.48-0.23-0.090.360.360.150.33-0.180.470.110.33-0.050.310.180.290.28
0.720.80.170.420.790.770.940.82-0.430.77-0.84-0.430.490.40.030.4-0.610.6-0.070.330.010.51-0.260.830.84
0.080.090.060.020.09-0.04-0.040.110.21-0.07-0.240.21-0.190.12-0.14-0.1-0.360.030.5-0.050.010.01-0.060.110.11
0.850.640.580.840.830.860.460.80.130.85-0.280.130.830.830.470.86-0.410.870.540.310.510.010.530.360.57
0.440.210.280.490.30.38-0.220.240.70.380.290.70.380.710.640.57-0.040.570.730.18-0.26-0.060.53-0.20.07
0.70.870.070.30.740.70.850.77-0.210.71-0.9-0.220.210.450.020.15-0.710.60.050.290.830.110.36-0.20.9
0.840.950.090.40.850.840.840.870.00.84-0.840.00.350.680.280.33-0.820.760.230.280.840.110.570.070.9
Click cells to compare fundamentals

BHP Group Account Relationship Matchups

BHP Group fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets108.9B95.2B101.3B102.4B117.7B69.3B
Short Long Term Debt Total21.0B16.4B22.3B20.2B23.2B16.4B
Other Current Liab6.6B8.9B5.5B5.1B5.9B3.9B
Total Current Liabilities16.4B16.9B19.0B14.3B16.4B10.6B
Total Stockholder Equity51.3B45.0B43.1B44.8B51.5B32.4B
Property Plant And Equipment Net73.8B61.3B71.8B71.6B82.4B47.0B
Net Debt5.7B(808M)9.9B7.8B9.0B10.0B
Retained Earnings46.8B40.3B39.8B40.0B46.0B28.6B
Cash15.2B17.2B12.4B12.4B14.2B15.0B
Non Current Assets Total82.2B64.9B77.9B78.0B89.7B53.3B
Non Currrent Assets Other1.7B(56M)2.1B1.9B1.7B1.8B
Cash And Short Term Investments15.5B17.5B12.5B12.6B14.5B15.3B
Net Receivables6.3B5.7B5.1B5.5B6.3B4.1B
Common Stock Shares Outstanding5.1B5.1B5.1B5.1B5.8B3.9B
Liabilities And Stockholders Equity108.9B95.2B101.3B102.4B117.7B69.3B
Non Current Liabilities Total36.9B13.2B33.7B38.9B44.8B47.0B
Inventory4.4B4.9B5.2B5.8B6.7B3.4B
Other Stockholder Equity(33M)(12M)(41M)(36M)(32.4M)(30.8M)
Total Liab53.3B46.4B52.8B53.2B61.2B34.2B
Total Current Assets26.7B28.7B23.4B24.3B28.0B14.5B
Short Term Debt2.6B2.6B7.2B1.5B1.8B2.4B
Intangible Assets377M240M172M221M433.6M451.3M
Other Current Assets129M175M131M380M437M719.7M
Accounts Payable7.0B5.4B6.3B6.7B7.7B5.0B
Other Liab14.3B17.4B14.2B16.9B19.5B10.2B
Other Assets5.4B3.6B1.6B2.0B2.3B2.2B
Long Term Debt18.4B13.8B12.7B16.2B18.6B17.6B
Short Term Investments230M303M29M258M232.2M258.1M
Accumulated Other Comprehensive Income2.4B12M(1.4B)(15M)(17.3M)(18.1M)
Property Plant Equipment72.4B73.8B61.3B71.8B82.6B63.3B
Property Plant And Equipment Gross73.8B121.1B135.3B142.2B163.5B171.7B
Current Deferred Revenue105M34M47M90M81M142.5M
Long Term Investments3.4B2.2B2.4B2.7B2.4B2.9B
Short Long Term Debt2.6B2.6B1.3B858M772.2M733.6M
Net Tangible Assets46.6B47.3B49.8B43.6B39.2B42.6B

Pair Trading with BHP Group

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 BHP Group 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 BHP Group will appreciate offsetting losses from the drop in the long position's value.

Moving together with BHP Stock

  0.97VALE Vale SA ADR Aggressive PushPairCorr
  0.69VZLA Vizsla Resources CorpPairCorr
  0.81ELBM Electra Battery MaterialsPairCorr

Moving against BHP Stock

  0.83IPX IperionX Limited AmericanPairCorr
  0.79TMQ Trilogy MetalsPairCorr
  0.78NAK Northern Dynasty MineralsPairCorr
  0.74NVA Nova Minerals Limited Downward RallyPairCorr
  0.49WWR Westwater ResourcesPairCorr
The ability to find closely correlated positions to BHP Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BHP Group 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 BHP Group - 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 BHP Group Limited to buy it.
The correlation of BHP Group 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 BHP Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BHP Group Limited 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 BHP Group 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 CorrelationCorrelation Matching

Additional Tools for BHP Stock Analysis

When running BHP Group's price analysis, check to measure BHP Group'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 BHP Group is operating at the current time. Most of BHP Group's value examination focuses on studying past and present price action to predict the probability of BHP Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BHP Group's price. Additionally, you may evaluate how the addition of BHP Group to your portfolios can decrease your overall portfolio volatility.