Core Investments vs Change In Working Capital Analysis

CORZ Stock

USD 17.88 0.17 0.96%

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

Investments vs Change In Working Capital

Investments vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Core Scientific, Common Investments account and Change In Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Core Scientific,'s Investments and Change In Working Capital is -0.15. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Core Scientific, Common, assuming nothing else is changed. The correlation between historical values of Core Scientific,'s Investments and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Core Scientific, Common are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Investments i.e., Core Scientific,'s Investments and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

-0.15

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

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

At this time, Core Scientific,'s Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to rise to about 108.6 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.18 in 2024.

	2021	2023	2024 (projected)
Interest Expense	96.8M	99.2M	63.8M
Depreciation And Amortization	96.4M	110.9M	116.5M

Interest Expense Depreciation And Amortization

Core Scientific, fundamental ratios Correlations

	Long Term Debt	Good Will	Intangible Assets	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	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Long Term Debt		0.22	-0.23	0.67	0.97	0.67	0.88	-0.29	0.98	-0.2	0.87	-0.87	0.85	0.73	0.82	0.93	0.83	0.75	0.96	0.97	0.78	-0.99	0.24	0.96	0.98	0.26
Good Will	0.22		0.76	0.87	0.27	-0.13	0.16	0.86	0.25	0.91	0.24	0.27	-0.21	0.79	0.74	0.39	0.72	-0.15	0.07	0.19	0.61	-0.29	1.0	0.15	0.19	0.97
Intangible Assets	-0.23	0.76		0.45	-0.25	-0.29	-0.27	0.87	-0.26	0.87	-0.09	0.63	-0.48	0.39	0.29	-0.08	0.27	-0.35	-0.42	-0.31	0.21	0.2	0.76	-0.36	-0.31	0.75
Total Assets	0.67	0.87	0.45		0.69	0.2	0.54	0.51	0.69	0.58	0.59	-0.24	0.25	0.95	0.97	0.74	0.96	0.23	0.53	0.64	0.83	-0.72	0.87	0.59	0.63	0.85
Short Long Term Debt Total	0.97	0.27	-0.25	0.69		0.58	0.91	-0.24	0.99	-0.15	0.81	-0.84	0.77	0.73	0.81	0.95	0.83	0.66	0.98	0.99	0.79	-0.98	0.28	0.99	1.0	0.29
Other Current Liab	0.67	-0.13	-0.29	0.2	0.58		0.8	-0.5	0.55	-0.41	0.91	-0.68	0.92	0.46	0.37	0.71	0.42	0.99	0.63	0.54	0.65	-0.6	-0.08	0.59	0.64	0.07
Total Current Liabilities	0.88	0.16	-0.27	0.54	0.91	0.8		-0.32	0.86	-0.21	0.91	-0.8	0.86	0.7	0.67	0.96	0.7	0.84	0.91	0.86	0.86	-0.87	0.2	0.91	0.93	0.28
Total Stockholder Equity	-0.29	0.86	0.87	0.51	-0.24	-0.5	-0.32		-0.26	0.99	-0.23	0.71	-0.65	0.38	0.31	-0.11	0.28	-0.55	-0.43	-0.31	0.18	0.23	0.85	-0.35	-0.32	0.8
Property Plant And Equipment Net	0.98	0.25	-0.26	0.69	0.99	0.55	0.86	-0.26		-0.17	0.78	-0.85	0.77	0.71	0.82	0.92	0.83	0.64	0.97	1.0	0.75	-0.99	0.26	0.98	0.99	0.25
Current Deferred Revenue	-0.2	0.91	0.87	0.58	-0.15	-0.41	-0.21	0.99	-0.17		-0.12	0.64	-0.56	0.48	0.39	0.0	0.37	-0.46	-0.34	-0.23	0.29	0.14	0.9	-0.26	-0.23	0.87
Net Debt	0.87	0.24	-0.09	0.59	0.81	0.91	0.91	-0.23	0.78	-0.12		-0.71	0.89	0.78	0.72	0.92	0.76	0.92	0.79	0.76	0.89	-0.84	0.28	0.78	0.83	0.39
Retained Earnings	-0.87	0.27	0.63	-0.24	-0.84	-0.68	-0.8	0.71	-0.85	0.64	-0.71		-0.91	-0.32	-0.43	-0.73	-0.46	-0.77	-0.93	-0.88	-0.46	0.84	0.25	-0.89	-0.88	0.22
Accounts Payable	0.85	-0.21	-0.48	0.25	0.77	0.92	0.86	-0.65	0.77	-0.56	0.89	-0.91		0.44	0.45	0.78	0.49	0.97	0.85	0.77	0.61	-0.79	-0.17	0.8	0.83	-0.07
Cash	0.73	0.79	0.39	0.95	0.73	0.46	0.7	0.38	0.71	0.48	0.78	-0.32	0.44		0.96	0.86	0.97	0.47	0.6	0.66	0.95	-0.76	0.81	0.65	0.7	0.84
Non Current Assets Total	0.82	0.74	0.29	0.97	0.81	0.37	0.67	0.31	0.82	0.39	0.72	-0.43	0.45	0.96		0.85	1.0	0.41	0.69	0.78	0.87	-0.85	0.74	0.73	0.77	0.74
Non Currrent Assets Other	0.93	0.39	-0.08	0.74	0.95	0.71	0.96	-0.11	0.92	0.0	0.92	-0.73	0.78	0.86	0.85		0.87	0.75	0.9	0.9	0.94	-0.93	0.42	0.92	0.94	0.48
Cash And Short Term Investments	0.83	0.72	0.27	0.96	0.83	0.42	0.7	0.28	0.83	0.37	0.76	-0.46	0.49	0.97	1.0	0.87		0.46	0.7	0.79	0.9	-0.86	0.73	0.75	0.79	0.73
Net Receivables	0.75	-0.15	-0.35	0.23	0.66	0.99	0.84	-0.55	0.64	-0.46	0.92	-0.77	0.97	0.47	0.41	0.75	0.46		0.72	0.63	0.66	-0.68	-0.11	0.68	0.72	0.03
Common Stock Shares Outstanding	0.96	0.07	-0.42	0.53	0.98	0.63	0.91	-0.43	0.97	-0.34	0.79	-0.93	0.85	0.6	0.69	0.9	0.7	0.72		0.98	0.7	-0.96	0.08	1.0	0.99	0.1
Non Current Liabilities Total	0.97	0.19	-0.31	0.64	0.99	0.54	0.86	-0.31	1.0	-0.23	0.76	-0.88	0.77	0.66	0.78	0.9	0.79	0.63	0.98		0.71	-0.98	0.2	0.99	0.99	0.19
Capital Lease Obligations	0.78	0.61	0.21	0.83	0.79	0.65	0.86	0.18	0.75	0.29	0.89	-0.46	0.61	0.95	0.87	0.94	0.9	0.66	0.7	0.71		-0.79	0.65	0.73	0.78	0.72
Inventory	-0.99	-0.29	0.2	-0.72	-0.98	-0.6	-0.87	0.23	-0.99	0.14	-0.84	0.84	-0.79	-0.76	-0.85	-0.93	-0.86	-0.68	-0.96	-0.98	-0.79		-0.3	-0.97	-0.98	-0.31
Other Current Assets	0.24	1.0	0.76	0.87	0.28	-0.08	0.2	0.85	0.26	0.9	0.28	0.25	-0.17	0.81	0.74	0.42	0.73	-0.11	0.08	0.2	0.65	-0.3		0.16	0.2	0.98
Other Stockholder Equity	0.96	0.15	-0.36	0.59	0.99	0.59	0.91	-0.35	0.98	-0.26	0.78	-0.89	0.8	0.65	0.73	0.92	0.75	0.68	1.0	0.99	0.73	-0.97	0.16		1.0	0.17
Total Liab	0.98	0.19	-0.31	0.63	1.0	0.64	0.93	-0.32	0.99	-0.23	0.83	-0.88	0.83	0.7	0.77	0.94	0.79	0.72	0.99	0.99	0.78	-0.98	0.2	1.0		0.22
Net Invested Capital	0.26	0.97	0.75	0.85	0.29	0.07	0.28	0.8	0.25	0.87	0.39	0.22	-0.07	0.84	0.74	0.48	0.73	0.03	0.1	0.19	0.72	-0.31	0.98	0.17	0.22

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Core Scientific, Account Relationship Matchups

Core Scientific, fundamental ratios Accounts

		2019	2020	2021	2022	2023	2024 (projected)
Intangible Assets		6.7M	8.2M	1.7M	2.2M	2.0M	3.6M

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Core Investments vs Change In Working Capital Analysis

Investments vs Change In Working Capital

Investments vs Change In Working Capital Correlation Analysis

Correlation Coefficient

Investments

Change In Working Capital

Core Scientific, fundamental ratios Correlations

Core Scientific, Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Core Scientific, fundamental ratios Accounts

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Additional Tools for Core Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Current Assets	+ 1.0	Good Will
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Non Current Assets Total
Other Stockholder Equity	+ 1.0	Common Stock Shares Outstanding
Total Liab	+ 1.0	Other Stockholder Equity

Inventory	- 0.99	Property Plant And Equipment Net
Inventory	- 0.99	Long Term Debt
Total Liab	- 0.98	Inventory
Inventory	- 0.98	Non Current Liabilities Total
Inventory	- 0.98	Short Long Term Debt Total
Other Stockholder Equity	- 0.97	Inventory