Eni Change To Inventory vs Change In Working Capital Analysis

E Stock  CAD 2.11  0.15  6.64%   
Eni SPA financial indicator trend analysis is much more than just examining Enterprise Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enterprise Group is a good investment. Please check the relationship between Eni SPA Change To Inventory and its Change In Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enterprise Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Change To Inventory vs Change In Working Capital

Change To Inventory vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enterprise Group Change To Inventory account and Change In Working Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Eni SPA's Change To Inventory and Change In Working Capital is 0.74. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Enterprise Group, assuming nothing else is changed. The correlation between historical values of Eni SPA's Change To Inventory 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 Change To Inventory of Enterprise Group 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 Change To Inventory i.e., Eni SPA's Change To Inventory and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

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 Eni SPA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enterprise Group 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enterprise Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Eni SPA's Selling General Administrative is very stable compared to the past year. Tax Provision is expected to grow at the current pace this year, though Discontinued Operations is likely to grow to (643.5 K).
 2021 2022 2023 2024 (projected)
Total Revenue18.7M26.9M33.5M32.7M
Depreciation And Amortization5.9M4.5M5.0M4.4M

Eni SPA fundamental ratios Correlations

0.960.590.760.960.960.080.830.990.170.920.60.360.960.60.960.820.950.330.680.90.640.640.720.72-0.75
0.960.620.770.850.990.230.870.930.110.930.410.310.990.580.870.880.980.320.630.930.720.720.780.8-0.84
0.590.620.230.580.710.080.330.610.220.510.350.820.550.120.610.50.620.40.360.440.010.010.610.43-0.58
0.760.770.230.640.720.380.910.71-0.060.820.16-0.090.830.910.620.870.670.080.330.830.770.770.710.77-0.68
0.960.850.580.640.87-0.120.680.980.190.830.770.440.850.540.990.670.850.330.710.780.450.450.590.56-0.62
0.960.990.710.720.870.170.810.940.110.90.470.410.970.550.90.850.970.360.650.880.620.620.760.74-0.82
0.080.230.080.38-0.120.170.460.00.350.28-0.69-0.110.280.21-0.150.570.220.0-0.460.350.520.520.640.64-0.49
0.830.870.330.910.680.810.460.770.140.930.140.00.920.670.650.940.840.160.40.950.890.890.830.9-0.81
0.990.930.610.710.980.940.00.770.140.880.660.380.930.590.980.780.920.310.70.840.570.570.670.65-0.72
0.170.110.22-0.060.190.110.350.140.140.26-0.020.360.13-0.250.120.160.20.04-0.080.230.120.120.330.29-0.16
0.920.930.510.820.830.90.280.930.880.260.370.270.950.580.80.890.910.30.540.980.730.730.830.86-0.77
0.60.410.350.160.770.47-0.690.140.66-0.020.370.430.380.230.770.080.430.260.680.29-0.06-0.060.020.0-0.12
0.360.310.82-0.090.440.41-0.110.00.380.360.270.430.24-0.120.440.130.350.470.250.2-0.27-0.270.390.19-0.35
0.960.990.550.830.850.970.280.920.930.130.950.380.240.620.860.920.970.290.60.960.780.780.80.83-0.83
0.60.580.120.910.540.550.210.670.59-0.250.580.23-0.120.620.530.660.440.010.240.580.530.530.480.51-0.49
0.960.870.610.620.990.9-0.150.650.980.120.80.770.440.860.530.660.870.330.750.750.440.440.560.52-0.61
0.820.880.50.870.670.850.570.940.780.160.890.080.130.920.660.660.850.170.290.90.790.790.910.92-0.84
0.950.980.620.670.850.970.220.840.920.20.910.430.350.970.440.870.850.350.640.910.710.710.770.78-0.82
0.330.320.40.080.330.360.00.160.310.040.30.260.470.290.010.330.170.350.240.360.010.010.370.24-0.19
0.680.630.360.330.710.65-0.460.40.7-0.080.540.680.250.60.240.750.290.640.240.510.30.30.130.11-0.24
0.90.930.440.830.780.880.350.950.840.230.980.290.20.960.580.750.90.910.360.510.820.820.840.89-0.8
0.640.720.010.770.450.620.520.890.570.120.73-0.06-0.270.780.530.440.790.710.010.30.821.00.630.79-0.7
0.640.720.010.770.450.620.520.890.570.120.73-0.06-0.270.780.530.440.790.710.010.30.821.00.630.79-0.7
0.720.780.610.710.590.760.640.830.670.330.830.020.390.80.480.560.910.770.370.130.840.630.630.94-0.84
0.720.80.430.770.560.740.640.90.650.290.860.00.190.830.510.520.920.780.240.110.890.790.790.94-0.89
-0.75-0.84-0.58-0.68-0.62-0.82-0.49-0.81-0.72-0.16-0.77-0.12-0.35-0.83-0.49-0.61-0.84-0.82-0.19-0.24-0.8-0.7-0.7-0.84-0.89
Click cells to compare fundamentals

Eni SPA Account Relationship Matchups

Eni SPA fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets58.3M52.3M51.1M55.4M72.8M57.9M
Short Long Term Debt Total13.3M13.7M14.8M15.5M25.7M18.0M
Other Current Liab116.2K1.3M1.2M605.2K1.1M1.2M
Total Current Liabilities12.0M2.6M2.9M2.6M3.7M5.2M
Total Stockholder Equity40.3M35.0M32.2M34.8M40.8M33.7M
Net Debt12.3M12.9M13.9M14.4M21.9M16.0M
Retained Earnings(45.7M)(50.8M)(53.1M)(50.9M)(44.7M)(42.4M)
Accounts Payable1.8M1.3M1.6M2.0M2.3M3.1M
Non Current Assets Total51.2M46.9M44.0M45.4M59.9M46.0M
Non Currrent Assets Other(48.4M)(44.6M)(41.5M)(42.3M)96.1K100.9K
Net Receivables5.7M4.2M5.7M8.0M7.5M8.3M
Common Stock Shares Outstanding54.3M50.2M48.7M49.1M51.4M35.7M
Liabilities And Stockholders Equity58.3M52.3M51.1M55.4M72.8M57.9M
Other Stockholder Equity12.8M14.8M17.2M18.6M20.2M31.8M
Total Liab18.0M17.2M18.9M20.6M32.0M24.2M
Short Term Debt10.1M1.3M1.2M605.2K1.4M1.3M
Property Plant And Equipment Net48.3M44.0M40.9M41.8M55.5M40.3M
Non Current Liabilities Total6.0M14.7M16.1M18.0M28.3M17.9M
Other Current Assets182.5K160.8K265.7K549.9K1.3M817.1K
Property Plant And Equipment Gross48.3M44.0M76.1M80.9M99.0M103.9M
Total Current Assets7.1M5.3M7.2M10.0M12.9M12.5M
Cash969.1K783.6K876.5K1.1M3.8M2.2M
Cash And Short Term Investments969.1K783.6K876.5K1.1M3.8M2.2M
Inventory196.6K211.9K296.2K327.2K286.7K272.3K
Intangible Assets93.9K261.6K201.1K146.4K96.1K91.3K
Short Term Investments182.5K160.8K265.7K549.9K1.3M1.4M
Common Stock73.2M71.0M68.2M67.0M65.3M73.7M
Other Liab2.8M2.3M2.5M3.1M2.8M3.9M
Net Tangible Assets40.2M34.4M31.7M34.3M30.9M33.4M
Other Assets2.8M2.3M2.5M3.1M1.00.95
Long Term Debt2.4M11.6M13.2M14.4M21.3M14.9M
Short Long Term Debt9.5M288.0K454.4K114K204.8K194.6K
Property Plant Equipment48.3M44.0M40.9M41.8M37.6M43.9M
Long Term Debt Total3.1M12.4M13.6M14.9M13.4M13.5M
Capital Surpluse12.8M14.8M17.2M18.6M21.4M12.3M
Capital Lease Obligations1.4M1.6M1.1M1.0M4.2M4.4M
Cash And Equivalents969.1K783.6K876.5K1.1M1.2M1.0M

Other Information on Investing in Eni Stock

Balance Sheet is a snapshot of the financial position of Enterprise Group at a specified time, usually calculated after every quarter, six months, or one year. Eni SPA Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eni SPA and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Eni currently owns. An asset can also be divided into two categories, current and non-current.