Ballard Net Working Capital vs Current Deferred Revenue Analysis

BLDP Stock

USD 1.28 0.05 3.76%

Ballard Power financial indicator trend analysis is way more than just evaluating Ballard Power Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ballard Power Systems is a good investment. Please check the relationship between Ballard Power Net Working Capital and its Current Deferred Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballard Power Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Net Working Capital vs Current Deferred Revenue

Net Working Capital vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ballard Power Systems Net Working Capital account and Current Deferred Revenue. At this time, the significance of the direction appears to have no relationship.

The correlation between Ballard Power's Net Working Capital and Current Deferred Revenue is 0.08. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Ballard Power Systems, assuming nothing else is changed. The correlation between historical values of Ballard Power's Net Working Capital and Current Deferred 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 Net Working Capital of Ballard Power Systems are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Net Working Capital i.e., Ballard Power's Net Working Capital and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.08

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Working Capital

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Ballard Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ballard Power Systems 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 Ballard Power Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

At this time, Ballard Power's Discontinued Operations is relatively stable compared to the past year. As of 11/23/2024, Tax Provision is likely to grow to about 165.9 K, while Sales General And Administrative To Revenue is likely to drop 0.16.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	102.0M	145.8M	141.1M	77.5M
Cost Of Revenue	90.5M	96.9M	124.2M	130.4M

Total Operating Expenses Cost Of Revenue

Ballard Power fundamental ratios Correlations

	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 Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Assets	Good Will
Total Assets		0.28	0.94	0.8	1.0	0.82	0.11	-0.99	-0.68	0.44	1.0	0.9	-0.07	1.0	0.77	0.9	0.01	0.93	0.8	0.41	0.69	0.86	1.0	0.07	0.71	0.77
Short Long Term Debt Total	0.28		0.28	0.51	0.26	0.32	-0.04	-0.24	-0.4	0.45	0.25	0.43	0.11	0.26	0.3	0.2	0.73	0.23	0.0	0.35	0.67	0.24	0.26	0.79	0.33	0.13
Other Current Liab	0.94	0.28		0.82	0.93	0.83	0.18	-0.91	-0.73	0.36	0.92	0.87	-0.18	0.92	0.76	0.9	0.1	0.92	0.76	0.5	0.73	0.87	0.93	0.11	0.72	0.75
Total Current Liabilities	0.8	0.51	0.82		0.79	0.64	0.46	-0.78	-0.75	0.63	0.78	0.92	0.2	0.78	0.74	0.84	0.33	0.86	0.5	0.5	0.95	0.65	0.79	0.18	0.83	0.57
Total Stockholder Equity	1.0	0.26	0.93	0.79		0.82	0.09	-0.99	-0.67	0.42	1.0	0.89	-0.08	1.0	0.76	0.89	-0.01	0.93	0.82	0.39	0.67	0.86	1.0	0.06	0.7	0.76
Property Plant And Equipment Net	0.82	0.32	0.83	0.64	0.82		-0.05	-0.76	-0.75	0.46	0.78	0.76	-0.5	0.78	0.75	0.82	-0.06	0.83	0.83	0.54	0.52	0.98	0.79	0.21	0.61	0.7
Current Deferred Revenue	0.11	-0.04	0.18	0.46	0.09	-0.05		-0.11	-0.27	0.07	0.1	0.18	0.42	0.09	0.37	0.37	0.16	0.26	-0.15	0.29	0.44	-0.08	0.11	-0.3	0.42	0.08
Net Debt	-0.99	-0.24	-0.91	-0.78	-0.99	-0.76	-0.11		0.62	-0.39	-1.0	-0.88	0.02	-1.0	-0.73	-0.86	0.01	-0.9	-0.79	-0.33	-0.66	-0.81	-1.0	-0.03	-0.68	-0.72
Retained Earnings	-0.68	-0.4	-0.73	-0.75	-0.67	-0.75	-0.27	0.62		-0.49	-0.63	-0.79	0.13	-0.63	-0.73	-0.84	-0.35	-0.79	-0.42	-0.89	-0.75	-0.72	-0.65	-0.16	-0.8	-0.58
Accounts Payable	0.44	0.45	0.36	0.63	0.42	0.46	0.07	-0.39	-0.49		0.39	0.62	0.18	0.4	0.38	0.45	0.35	0.53	0.31	0.37	0.64	0.44	0.41	0.12	0.55	0.53
Cash	1.0	0.25	0.92	0.78	1.0	0.78	0.1	-1.0	-0.63	0.39		0.87	-0.05	1.0	0.74	0.87	-0.01	0.9	0.8	0.36	0.66	0.83	1.0	0.05	0.68	0.74
Non Current Assets Total	0.9	0.43	0.87	0.92	0.89	0.76	0.18	-0.88	-0.79	0.62	0.87		0.01	0.87	0.69	0.87	0.19	0.92	0.69	0.47	0.84	0.8	0.88	0.13	0.75	0.63
Non Currrent Assets Other	-0.07	0.11	-0.18	0.2	-0.08	-0.5	0.42	0.02	0.13	0.18	-0.05	0.01		-0.05	-0.05	-0.06	0.33	-0.05	-0.42	-0.1	0.28	-0.49	-0.05	-0.13	0.26	-0.1
Cash And Short Term Investments	1.0	0.26	0.92	0.78	1.0	0.78	0.09	-1.0	-0.63	0.4	1.0	0.87	-0.05		0.74	0.87	0.0	0.9	0.8	0.36	0.66	0.83	1.0	0.06	0.68	0.75
Net Receivables	0.77	0.3	0.76	0.74	0.76	0.75	0.37	-0.73	-0.73	0.38	0.74	0.69	-0.05	0.74		0.89	0.07	0.79	0.48	0.55	0.65	0.68	0.76	-0.01	0.83	0.5
Common Stock Shares Outstanding	0.9	0.2	0.9	0.84	0.89	0.82	0.37	-0.86	-0.84	0.45	0.87	0.87	-0.06	0.87	0.89		0.03	0.95	0.68	0.62	0.73	0.82	0.88	-0.07	0.86	0.7
Non Current Liabilities Total	0.01	0.73	0.1	0.33	-0.01	-0.06	0.16	0.01	-0.35	0.35	-0.01	0.19	0.33	0.0	0.07	0.03		0.01	-0.43	0.52	0.6	-0.12	0.0	0.46	0.24	0.08
Inventory	0.93	0.23	0.92	0.86	0.93	0.83	0.26	-0.9	-0.79	0.53	0.9	0.92	-0.05	0.9	0.79	0.95	0.01		0.78	0.54	0.74	0.87	0.92	0.02	0.79	0.79
Other Current Assets	0.8	0.0	0.76	0.5	0.82	0.83	-0.15	-0.79	-0.42	0.31	0.8	0.69	-0.42	0.8	0.48	0.68	-0.43	0.78		0.11	0.29	0.9	0.8	0.03	0.37	0.7
Other Stockholder Equity	0.41	0.35	0.5	0.5	0.39	0.54	0.29	-0.33	-0.89	0.37	0.36	0.47	-0.1	0.36	0.55	0.62	0.52	0.54	0.11		0.59	0.48	0.38	0.19	0.63	0.53
Total Liab	0.69	0.67	0.73	0.95	0.67	0.52	0.44	-0.66	-0.75	0.64	0.66	0.84	0.28	0.66	0.65	0.73	0.6	0.74	0.29	0.59		0.52	0.67	0.3	0.78	0.51
Property Plant And Equipment Gross	0.86	0.24	0.87	0.65	0.86	0.98	-0.08	-0.81	-0.72	0.44	0.83	0.8	-0.49	0.83	0.68	0.82	-0.12	0.87	0.9	0.48	0.52		0.84	0.18	0.57	0.75
Total Current Assets	1.0	0.26	0.93	0.79	1.0	0.79	0.11	-1.0	-0.65	0.41	1.0	0.88	-0.05	1.0	0.76	0.88	0.0	0.92	0.8	0.38	0.67	0.84		0.06	0.7	0.75
Short Term Debt	0.07	0.79	0.11	0.18	0.06	0.21	-0.3	-0.03	-0.16	0.12	0.05	0.13	-0.13	0.06	-0.01	-0.07	0.46	0.02	0.03	0.19	0.3	0.18	0.06		0.02	0.08
Other Assets	0.71	0.33	0.72	0.83	0.7	0.61	0.42	-0.68	-0.8	0.55	0.68	0.75	0.26	0.68	0.83	0.86	0.24	0.79	0.37	0.63	0.78	0.57	0.7	0.02		0.52
Good Will	0.77	0.13	0.75	0.57	0.76	0.7	0.08	-0.72	-0.58	0.53	0.74	0.63	-0.1	0.75	0.5	0.7	0.08	0.79	0.7	0.53	0.51	0.75	0.75	0.08	0.52

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Ballard Power Account Relationship Matchups

Ballard Power fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	340.3M	975.6M	1.4B	1.2B	1.1B	1.1B
Short Long Term Debt Total	19.8M	17.9M	17.1M	15.7M	17.9M	10.1M
Other Current Liab	27.0M	29.4M	65.3M	40.2M	51.3M	53.8M
Total Current Liabilities	64.5M	52.1M	83.2M	73.2M	70.6M	45.9M
Total Stockholder Equity	250.3M	900.9M	1.3B	1.2B	991.2M	1.0B
Property Plant And Equipment Net	42.8M	49.3M	56.1M	82.4M	116.3M	122.1M
Current Deferred Revenue	20.2M	9.9M	12.1M	8.0M	4.6M	6.3M
Net Debt	(128.0M)	(745.6M)	(1.1B)	(898.0M)	(733.2M)	(696.6M)
Retained Earnings	(1.2B)	(1.3B)	(1.4B)	(1.6B)	(1.7B)	(1.7B)
Accounts Payable	14.9M	9.1M	13.7M	20.4M	13.7M	10.6M
Cash	147.8M	763.4M	1.1B	913.7M	751.1M	788.7M
Non Current Assets Total	110.8M	121.3M	211.8M	218.6M	211.7M	120.3M
Non Currrent Assets Other	321K	336K	343K	370K	(196.6K)	(186.7K)
Cash And Short Term Investments	147.8M	765.4M	1.1B	915.7M	753.2M	790.9M
Net Receivables	49.3M	56.8M	39.8M	38.6M	50.8M	53.3M
Common Stock Shares Outstanding	232.8M	248.5M	295.3M	298.1M	298.7M	313.6M
Liabilities And Stockholders Equity	340.3M	975.6M	1.4B	1.2B	1.1B	1.1B
Non Current Liabilities Total	25.5M	22.6M	29.6M	15.0M	15.7M	15.5M
Inventory	30.1M	28.5M	51.5M	58.1M	45.9M	48.2M
Other Current Assets	2.3M	3.6M	11.0M	16.1M	14.9M	15.6M
Other Stockholder Equity	290.6M	290.8M	297.8M	300.8M	306.0M	414.4M
Total Liab	90.1M	74.7M	112.7M	88.2M	86.3M	61.4M
Property Plant And Equipment Gross	42.8M	49.3M	122.8M	157.7M	203.2M	213.4M
Total Current Assets	229.5M	854.3M	1.2B	1.0B	860.3M	903.3M
Accumulated Other Comprehensive Income	813K	907K	1.7M	(1.5M)	(3.0M)	(3.1M)
Short Term Debt	2.4M	2.7M	3.2M	3.9M	4.5M	3.7M
Other Assets	321K	336K	343K	370K	333K	316.4K
Intangible Assets	5.7M	3.8M	20.8M	5.2M	1.4M	1.3M
Other Liab	8.2M	7.4M	15.7M	3.2M	2.8M	2.7M
Net Tangible Assets	204.3M	856.8M	1.2B	1.1B	1.3B	1.3B
Common Stock Total Equity	986.5M	1.2B	1.2B	1.9B	2.2B	2.3B
Long Term Investments	21.6M	27.6M	70.3M	66.4M	54.2M	57.0M
Common Stock	1.2B	1.9B	2.4B	2.4B	2.4B	1.3B
Property Plant Equipment	42.8M	49.3M	56.1M	82.4M	74.1M	37.5M

Pair Trading with Ballard Power

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 Ballard Power 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 Ballard Power will appreciate offsetting losses from the drop in the long position's value.

Moving against Ballard Stock

0.84	PH	Parker Hannifin	Pair Corr
0.83	AME	Ametek Inc	Pair Corr
0.82	EPAC	Enerpac Tool Group	Pair Corr
0.8	CMI	Cummins	Pair Corr
0.77	CR	Crane Company	Pair Corr

The ability to find closely correlated positions to Ballard Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ballard Power 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 Ballard Power - 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 Ballard Power Systems to buy it.

The correlation of Ballard Power 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 Ballard Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ballard Power Systems 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 Ballard Power 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 Correlation Correlation Matching

Additional Tools for Ballard Stock Analysis

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

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