ET Stock | | | USD 18.97 0.10 0.52% |
Energy Transfer financial indicator trend analysis is much more than just examining Energy Transfer LP latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Transfer LP is a good investment. Please check the relationship between Energy Transfer Reconciled Depreciation and its Total Revenue accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Transfer LP. 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.
Reconciled Depreciation vs Total Revenue
Reconciled Depreciation vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Energy Transfer LP Reconciled Depreciation account and
Total Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Energy Transfer's Reconciled Depreciation and Total Revenue is 0.76. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Energy Transfer LP, assuming nothing else is changed. The correlation between historical values of Energy Transfer's Reconciled Depreciation and Total 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 Reconciled Depreciation of Energy Transfer LP are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Reconciled Depreciation i.e., Energy Transfer's Reconciled Depreciation and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Reconciled Depreciation
Total Revenue
Total revenue comprises all receipts Energy Transfer LP generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Energy Transfer's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy Transfer LP 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 Energy Transfer LP. 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, Energy Transfer's
Tax Provision is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 56.9
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 549.6
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 13.2B | 13.5B | 13.7B | 14.3B | Total Revenue | 67.4B | 89.9B | 78.6B | 82.5B |
Energy Transfer fundamental ratios Correlations
Click cells to compare fundamentals
Energy Transfer Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Energy Transfer fundamental ratios Accounts
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Additional Tools for Energy Stock Analysis
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measure Energy Transfer'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 Energy Transfer is operating at the current time. Most of Energy Transfer's value examination focuses on studying past and present price action to
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