Gran Average Inventory vs Capex To Revenue Analysis

GTE Stock

CAD 9.62 0.23 2.45%

Gran Tierra financial indicator trend analysis is much more than just examining Gran Tierra Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gran Tierra Energy is a good investment. Please check the relationship between Gran Tierra Average Inventory and its Capex To Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gran Tierra Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Average Inventory vs Capex To Revenue

Average Inventory vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gran Tierra Energy Average Inventory account and Capex To Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Gran Tierra's Average Inventory and Capex To Revenue is -0.61. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Gran Tierra Energy, assuming nothing else is changed. The correlation between historical values of Gran Tierra's Average Inventory and Capex To 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 Average Inventory of Gran Tierra Energy are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Average Inventory i.e., Gran Tierra's Average Inventory and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

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Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Most indicators from Gran Tierra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gran Tierra Energy 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gran Tierra Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Gran Tierra's Tax Provision is very stable compared to the past year. As of the 1st of December 2024, Issuance Of Capital Stock is likely to grow to 2,415, while Selling General Administrative is likely to drop about 38 M.

	2021	2022	2023	2024 (projected)
Gross Profit	333.8M	531.1M	421.4M	277.7M
Total Revenue	473.7M	711.4M	637.0M	433.5M

Gross Profit Total Revenue

Gran Tierra fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	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	Common Stock	Other Liab	Net Tangible Assets
Total Assets		0.5	0.65	0.73	0.77	0.96	-0.1	0.24	0.7	0.45	0.96	-0.01	0.55	0.67	0.7	0.07	0.29	0.2	0.06	0.68	0.43	0.05	0.72	0.73	0.06	0.12
Short Long Term Debt Total	0.5		0.31	0.45	-0.09	0.64	0.66	-0.56	0.56	-0.17	0.61	0.52	-0.07	0.15	0.65	-0.05	0.87	-0.09	0.47	0.71	0.88	0.47	0.03	0.66	-0.55	-0.65
Other Current Liab	0.65	0.31		0.79	0.45	0.6	-0.17	0.14	0.29	0.5	0.59	0.05	0.52	0.31	0.46	0.05	0.17	0.36	-0.18	0.4	0.35	0.24	0.56	0.43	0.18	0.06
Total Current Liabilities	0.73	0.45	0.79		0.4	0.74	-0.05	-0.01	0.7	0.5	0.7	0.18	0.51	0.28	0.61	0.01	0.37	0.2	-0.1	0.56	0.57	0.49	0.53	0.58	0.08	-0.11
Total Stockholder Equity	0.77	-0.09	0.45	0.4		0.59	-0.66	0.76	0.31	0.67	0.61	-0.46	0.73	0.67	0.36	0.02	-0.34	0.24	-0.08	0.24	-0.2	-0.45	0.86	0.4	0.46	0.64
Property Plant And Equipment Net	0.96	0.64	0.6	0.74	0.59		0.16	-0.02	0.8	0.21	1.0	0.14	0.31	0.63	0.8	0.19	0.52	0.12	0.1	0.82	0.64	0.21	0.49	0.81	-0.17	-0.12
Net Debt	-0.1	0.66	-0.17	-0.05	-0.66	0.16		-0.9	0.26	-0.8	0.15	0.57	-0.74	-0.11	0.25	0.27	0.85	-0.31	0.23	0.44	0.74	0.53	-0.69	0.23	-0.8	-0.84
Retained Earnings	0.24	-0.56	0.14	-0.01	0.76	-0.02	-0.9		-0.17	0.69	0.0	-0.72	0.7	0.41	-0.29	-0.28	-0.74	0.2	-0.31	-0.45	-0.66	-0.67	0.73	-0.26	0.81	0.96
Accounts Payable	0.7	0.56	0.29	0.7	0.31	0.8	0.26	-0.17		0.08	0.77	0.16	0.15	0.45	0.66	0.1	0.56	0.05	0.06	0.67	0.67	0.41	0.29	0.65	-0.21	-0.25
Cash	0.45	-0.17	0.5	0.5	0.67	0.21	-0.8	0.69	0.08		0.19	-0.32	0.98	0.08	0.07	-0.43	-0.47	0.35	-0.04	-0.12	-0.29	-0.15	0.9	0.09	0.65	0.59
Non Current Assets Total	0.96	0.61	0.59	0.7	0.61	1.0	0.15	0.0	0.77	0.19		0.12	0.29	0.66	0.79	0.24	0.48	0.1	0.1	0.82	0.6	0.16	0.49	0.82	-0.17	-0.1
Non Currrent Assets Other	-0.01	0.52	0.05	0.18	-0.46	0.14	0.57	-0.72	0.16	-0.32	0.12		-0.35	-0.38	0.3	-0.1	0.5	0.27	0.18	0.39	0.49	0.67	-0.38	0.26	-0.45	-0.7
Cash And Short Term Investments	0.55	-0.07	0.52	0.51	0.73	0.31	-0.74	0.7	0.15	0.98	0.29	-0.35		0.19	0.11	-0.45	-0.38	0.29	0.0	-0.07	-0.21	-0.2	0.95	0.15	0.62	0.6
Net Receivables	0.67	0.15	0.31	0.28	0.67	0.63	-0.11	0.41	0.45	0.08	0.66	-0.38	0.19		0.23	0.29	0.08	-0.1	-0.31	0.31	0.14	-0.34	0.46	0.27	0.23	0.41
Common Stock Total Equity	0.7	0.65	0.46	0.61	0.36	0.8	0.25	-0.29	0.66	0.07	0.79	0.3	0.11	0.23		0.3	0.55	0.08	0.44	0.93	0.63	0.29	0.21	0.98	-0.48	-0.48
Common Stock Shares Outstanding	0.07	-0.05	0.05	0.01	0.02	0.19	0.27	-0.28	0.1	-0.43	0.24	-0.1	-0.45	0.29	0.3		0.15	-0.37	-0.1	0.46	0.14	-0.01	-0.34	0.33	-0.37	-0.25
Non Current Liabilities Total	0.29	0.87	0.17	0.37	-0.34	0.52	0.85	-0.74	0.56	-0.47	0.48	0.5	-0.38	0.08	0.55	0.15		-0.3	0.36	0.66	0.97	0.5	-0.3	0.52	-0.64	-0.77
Inventory	0.2	-0.09	0.36	0.2	0.24	0.12	-0.31	0.2	0.05	0.35	0.1	0.27	0.29	-0.1	0.08	-0.37	-0.3		-0.27	-0.03	-0.21	0.27	0.31	0.04	0.17	0.15
Other Current Assets	0.06	0.47	-0.18	-0.1	-0.08	0.1	0.23	-0.31	0.06	-0.04	0.1	0.18	0.0	-0.31	0.44	-0.1	0.36	-0.27		0.38	0.3	-0.13	-0.03	0.48	-0.37	-0.46
Other Stockholder Equity	0.68	0.71	0.4	0.56	0.24	0.82	0.44	-0.45	0.67	-0.12	0.82	0.39	-0.07	0.31	0.93	0.46	0.66	-0.03	0.38		0.72	0.35	0.07	0.94	-0.57	-0.57
Total Liab	0.43	0.88	0.35	0.57	-0.2	0.64	0.74	-0.66	0.67	-0.29	0.6	0.49	-0.21	0.14	0.63	0.14	0.97	-0.21	0.3	0.72		0.57	-0.13	0.6	-0.54	-0.71
Property Plant And Equipment Gross	0.05	0.47	0.24	0.49	-0.45	0.21	0.53	-0.67	0.41	-0.15	0.16	0.67	-0.2	-0.34	0.29	-0.01	0.5	0.27	-0.13	0.35	0.57		-0.27	0.25	-0.48	-0.67
Total Current Assets	0.72	0.03	0.56	0.53	0.86	0.49	-0.69	0.73	0.29	0.9	0.49	-0.38	0.95	0.46	0.21	-0.34	-0.3	0.31	-0.03	0.07	-0.13	-0.27		0.26	0.6	0.62
Common Stock	0.73	0.66	0.43	0.58	0.4	0.81	0.23	-0.26	0.65	0.09	0.82	0.26	0.15	0.27	0.98	0.33	0.52	0.04	0.48	0.94	0.6	0.25	0.26		-0.47	-0.44
Other Liab	0.06	-0.55	0.18	0.08	0.46	-0.17	-0.8	0.81	-0.21	0.65	-0.17	-0.45	0.62	0.23	-0.48	-0.37	-0.64	0.17	-0.37	-0.57	-0.54	-0.48	0.6	-0.47		0.85
Net Tangible Assets	0.12	-0.65	0.06	-0.11	0.64	-0.12	-0.84	0.96	-0.25	0.59	-0.1	-0.7	0.6	0.41	-0.48	-0.25	-0.77	0.15	-0.46	-0.57	-0.71	-0.67	0.62	-0.44	0.85

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Gran Tierra Account Relationship Matchups

Gran Tierra fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	1.2B	1.2B	1.3B	1.3B	1.4B
Short Long Term Debt Total	795.2M	774.8M	654.4M	589.6M	555.1M	548.2M
Other Current Liab	47.6M	39.9M	69.9M	20.9M	74.7M	47.0M
Total Current Liabilities	199.3M	113.7M	228.0M	241.6M	260.3M	167.3M
Total Stockholder Equity	1.0B	257.0M	302.1M	417.6M	396.4M	376.6M
Property Plant And Equipment Net	1.6B	964.5M	995.8M	1.1B	1.1B	985.6M
Net Debt	692.2M	761.1M	628.3M	462.7M	493.0M	517.6M
Retained Earnings	(260.3M)	(1.0B)	(995.8M)	(856.7M)	(863.0M)	(819.9M)
Accounts Payable	151.7M	70.5M	91.1M	157.0M	122.7M	87.4M
Cash	8.3M	13.7M	26.1M	126.9M	62.1M	111.3M
Non Current Assets Total	1.8B	1.1B	1.1B	1.2B	1.2B	1.1B
Non Currrent Assets Other	30.0M	46.1M	30.0M	43.1M	71.0M	74.5M
Cash And Short Term Investments	103.0M	62.0M	26.1M	126.9M	62.1M	120.3M
Net Receivables	172.1M	3.8M	58.7M	5.6M	12.4M	11.7M
Common Stock Shares Outstanding	37.7M	36.7M	367.9M	36.9M	33.5M	31.8M
Liabilities And Stockholders Equity	2.0B	1.2B	1.2B	1.3B	1.3B	1.4B
Non Current Liabilities Total	812.7M	831.1M	659.0M	676.4M	669.6M	372.7M
Inventory	516K	427K	392K	1.1M	29.0M	30.5M
Other Current Assets	15.0M	68.1M	16.6M	35.0M	8.9M	8.5M
Other Stockholder Equity	1.3B	1.3B	1.3B	1.3B	1.2B	1.0B
Total Liab	1.0B	944.7M	887.0M	918.0M	929.9M	540.1M
Property Plant And Equipment Gross	1.6B	964.5M	4.5B	4.8B	5.0B	5.3B
Total Current Assets	290.7M	133.9M	101.8M	168.6M	112.5M	184.1M
Common Stock	10.3M	10.3M	10.3M	10.3M	9.9M	7.8M
Other Liab	112.3M	56.3M	71.6M	86.8M	78.1M	90.7M
Net Tangible Assets	930.0M	257.0M	302.1M	417.6M	375.8M	626.0M
Other Assets	74.0M	103.4M	91.5M	38.3M	44.1M	60.3M
Property Plant Equipment	1.6B	964.5M	995.8M	1.1B	1.3B	1.2B
Short Term Debt	94.7M	3.3M	67.0M	4.8M	35.6M	37.9M
Capital Surpluse	1.3B	1.3B	1.3B	1.3B	1.5B	1.4B
Long Term Debt	696.9M	771.9M	586.0M	568.9M	493.0M	546.9M
Long Term Debt Total	700.5M	774.8M	587.4M	589.6M	678.0M	552.1M
Non Current Liabilities Other	4.3M	4.1M	3.4M	7.0M	10.9M	6.4M
Cash And Equivalents	8.3M	13.7M	26.1M	126.9M	145.9M	153.2M
Net Invested Capital	1.7B	1.0B	888.1M	986.5M	925.0M	934.9M

Pair Trading with Gran Tierra

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 Gran Tierra 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 Gran Tierra will appreciate offsetting losses from the drop in the long position's value.

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

The correlation of Gran Tierra 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 Gran Tierra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gran Tierra Energy 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 Gran Tierra 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

When determining whether Gran Tierra Energy is a strong investment it is important to analyze Gran Tierra's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Gran Tierra's future performance. For an informed investment choice regarding Gran Stock, refer to the following important reports:

How To Invest In Gran

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Is Gran Stock a good investment?

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What is Gran Tierra's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gran Tierra Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Please note, there is a significant difference between Gran Tierra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gran Tierra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gran Tierra's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Gran Average Inventory vs Capex To Revenue Analysis

Average Inventory vs Capex To Revenue

Average Inventory vs Capex To Revenue Correlation Analysis

Correlation Coefficient

Average Inventory

Capex To Revenue

Gran Tierra fundamental ratios Correlations

Gran Tierra Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gran Tierra fundamental ratios Accounts

Pair Trading with Gran Tierra

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.98	Cash
Common Stock	+ 0.98	Common Stock Total Equity
Total Liab	+ 0.97	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.96	Total Assets
Non Current Assets Total	+ 0.96	Total Assets

Retained Earnings	- 0.9	Net Debt
Net Tangible Assets	- 0.84	Net Debt
Other Liab	- 0.8	Net Debt
Cash	- 0.8	Net Debt
Net Tangible Assets	- 0.77	Non Current Liabilities Total
Non Current Liabilities Total	- 0.74	Retained Earnings