PHX Inventory Turnover vs Average Payables Analysis

PHX Stock

CAD 8.81 0.14 1.56%

PHX Energy financial indicator trend analysis is much more than just breaking down PHX Energy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PHX Energy Services is a good investment. Please check the relationship between PHX Energy Inventory Turnover and its Average Payables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PHX Energy Services. 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.

Inventory Turnover vs Average Payables

Inventory Turnover vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PHX Energy Services Inventory Turnover account and Average Payables. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between PHX Energy's Inventory Turnover and Average Payables is -0.58. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Average Payables in the same time period over historical financial statements of PHX Energy Services, assuming nothing else is changed. The correlation between historical values of PHX Energy's Inventory Turnover and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of PHX Energy Services are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Inventory Turnover i.e., PHX Energy's Inventory Turnover and Average Payables go up and down completely randomly.

Correlation Coefficient

-0.58

Relationship Direction	Negative
Relationship Strength	Very Weak

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Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Most indicators from PHX Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PHX Energy Services 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in PHX Energy Services. 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, PHX Energy's Selling General Administrative is very stable compared to the past year. As of the 26th of February 2025, Tax Provision is likely to grow to about 6.1 M, though Discontinued Operations is likely to grow to (12.4 M).

	2022	2023	2024	2025 (projected)
Total Operating Expenses	72.6M	74.1M	85.2M	89.5M
Cost Of Revenue	426.1M	506.2M	582.2M	611.3M

Total Operating Expenses Cost Of Revenue

PHX Energy 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 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	Short Term Debt	Common Stock
Total Assets		0.56	0.6	0.67	0.9	0.91	0.29	0.48	0.03	0.66	0.15	0.89	-0.4	0.15	0.75	0.58	0.47	0.72	0.65	0.15	-0.15	0.77	0.57	0.72	-0.03	0.53
Short Long Term Debt Total	0.56		0.21	0.21	0.31	0.75	0.36	0.97	0.44	0.15	-0.21	0.67	-0.45	-0.21	0.33	-0.12	-0.21	0.94	0.11	0.66	0.04	0.59	0.07	0.24	0.23	-0.12
Other Current Liab	0.6	0.21		0.86	0.41	0.41	0.49	0.1	-0.09	0.84	0.37	0.32	0.17	0.37	0.81	0.33	0.32	0.42	0.88	-0.01	-0.24	0.82	0.81	0.88	-0.39	0.33
Total Current Liabilities	0.67	0.21	0.86		0.5	0.45	0.43	0.11	-0.11	0.98	0.32	0.38	-0.02	0.32	0.95	0.45	0.45	0.38	0.94	0.04	-0.16	0.9	0.91	0.99	-0.36	0.42
Total Stockholder Equity	0.9	0.31	0.41	0.5		0.82	-0.01	0.27	-0.09	0.51	0.04	0.89	-0.48	0.04	0.61	0.73	0.58	0.45	0.56	-0.05	-0.21	0.53	0.43	0.58	0.09	0.69
Property Plant And Equipment Net	0.91	0.75	0.41	0.45	0.82		0.25	0.7	0.3	0.45	-0.03	0.97	-0.5	-0.03	0.56	0.33	0.17	0.85	0.47	0.34	-0.03	0.7	0.4	0.52	0.24	0.3
Current Deferred Revenue	0.29	0.36	0.49	0.43	-0.01	0.25		0.21	0.23	0.46	0.49	0.13	0.17	0.49	0.35	-0.13	-0.16	0.52	0.39	0.01	-0.03	0.56	0.46	0.43	-0.44	-0.16
Net Debt	0.48	0.97	0.1	0.11	0.27	0.7	0.21		0.52	0.04	-0.44	0.65	-0.43	-0.44	0.28	-0.21	-0.3	0.87	0.0	0.68	0.06	0.49	-0.05	0.15	0.27	-0.2
Retained Earnings	0.03	0.44	-0.09	-0.11	-0.09	0.3	0.23	0.52		-0.08	-0.49	0.24	0.26	-0.49	-0.02	-0.74	-0.81	0.45	-0.15	0.33	0.23	0.16	-0.05	-0.11	0.13	-0.77
Accounts Payable	0.66	0.15	0.84	0.98	0.51	0.45	0.46	0.04	-0.08		0.37	0.38	0.01	0.37	0.93	0.44	0.42	0.35	0.94	-0.07	-0.11	0.88	0.94	0.97	-0.34	0.41
Cash	0.15	-0.21	0.37	0.32	0.04	-0.03	0.49	-0.44	-0.49	0.37		-0.14	0.07	1.0	0.1	0.4	0.43	-0.03	0.41	-0.28	-0.07	0.18	0.48	0.31	-0.24	0.36
Non Current Assets Total	0.89	0.67	0.32	0.38	0.89	0.97	0.13	0.65	0.24	0.38	-0.14		-0.56	-0.14	0.53	0.41	0.23	0.75	0.4	0.25	-0.12	0.6	0.31	0.46	0.21	0.39
Non Currrent Assets Other	-0.4	-0.45	0.17	-0.02	-0.48	-0.5	0.17	-0.43	0.26	0.01	0.07	-0.56		0.07	-0.12	-0.47	-0.38	-0.33	0.04	-0.35	-0.21	-0.15	0.13	-0.06	-0.3	-0.51
Cash And Short Term Investments	0.15	-0.21	0.37	0.32	0.04	-0.03	0.49	-0.44	-0.49	0.37	1.0	-0.14	0.07		0.1	0.4	0.43	-0.03	0.41	-0.28	-0.07	0.18	0.48	0.31	-0.24	0.36
Net Receivables	0.75	0.33	0.81	0.95	0.61	0.56	0.35	0.28	-0.02	0.93	0.1	0.53	-0.12	0.1		0.44	0.42	0.47	0.87	0.03	-0.14	0.91	0.79	0.96	-0.29	0.43
Common Stock Total Equity	0.58	-0.12	0.33	0.45	0.73	0.33	-0.13	-0.21	-0.74	0.44	0.4	0.41	-0.47	0.4	0.44		0.96	-0.03	0.51	-0.27	-0.3	0.26	0.36	0.49	-0.07	0.99
Common Stock Shares Outstanding	0.47	-0.21	0.32	0.45	0.58	0.17	-0.16	-0.3	-0.81	0.42	0.43	0.23	-0.38	0.43	0.42	0.96		-0.14	0.47	-0.24	-0.22	0.2	0.34	0.47	-0.15	0.94
Non Current Liabilities Total	0.72	0.94	0.42	0.38	0.45	0.85	0.52	0.87	0.45	0.35	-0.03	0.75	-0.33	-0.03	0.47	-0.03	-0.14		0.31	0.5	0.04	0.73	0.3	0.42	0.11	-0.05
Inventory	0.65	0.11	0.88	0.94	0.56	0.47	0.39	0.0	-0.15	0.94	0.41	0.4	0.04	0.41	0.87	0.51	0.47	0.31		-0.08	-0.24	0.83	0.95	0.96	-0.22	0.49
Other Current Assets	0.15	0.66	-0.01	0.04	-0.05	0.34	0.01	0.68	0.33	-0.07	-0.28	0.25	-0.35	-0.28	0.03	-0.27	-0.24	0.5	-0.08		0.05	0.27	-0.05	0.0	0.23	-0.27
Other Stockholder Equity	-0.15	0.04	-0.24	-0.16	-0.21	-0.03	-0.03	0.06	0.23	-0.11	-0.07	-0.12	-0.21	-0.07	-0.14	-0.3	-0.22	0.04	-0.24	0.05		-0.1	-0.17	-0.18	0.19	-0.3
Total Liab	0.77	0.59	0.82	0.9	0.53	0.7	0.56	0.49	0.16	0.88	0.18	0.6	-0.15	0.18	0.91	0.26	0.2	0.73	0.83	0.27	-0.1		0.8	0.91	-0.19	0.24
Property Plant And Equipment Gross	0.57	0.07	0.81	0.91	0.43	0.4	0.46	-0.05	-0.05	0.94	0.48	0.31	0.13	0.48	0.79	0.36	0.34	0.3	0.95	-0.05	-0.17	0.8		0.9	-0.25	0.32
Total Current Assets	0.72	0.24	0.88	0.99	0.58	0.52	0.43	0.15	-0.11	0.97	0.31	0.46	-0.06	0.31	0.96	0.49	0.47	0.42	0.96	0.0	-0.18	0.91	0.9		-0.28	0.47
Short Term Debt	-0.03	0.23	-0.39	-0.36	0.09	0.24	-0.44	0.27	0.13	-0.34	-0.24	0.21	-0.3	-0.24	-0.29	-0.07	-0.15	0.11	-0.22	0.23	0.19	-0.19	-0.25	-0.28		-0.06
Common Stock	0.53	-0.12	0.33	0.42	0.69	0.3	-0.16	-0.2	-0.77	0.41	0.36	0.39	-0.51	0.36	0.43	0.99	0.94	-0.05	0.49	-0.27	-0.3	0.24	0.32	0.47	-0.06

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PHX Energy Account Relationship Matchups

PHX Energy fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	216.5M	262.5M	375.2M	385.5M	443.3M	229.8M
Short Long Term Debt Total	39.1M	35.9M	62.4M	44.8M	51.5M	39.9M
Other Current Liab	6.0M	2.5M	18.8M	11.6M	13.4M	14.0M
Total Current Liabilities	43.2M	86.1M	115.9M	113.1M	130.1M	136.6M
Total Stockholder Equity	132.0M	134.4M	176.9M	210.0M	241.5M	135.5M
Property Plant And Equipment Net	97.9M	102.1M	145.3M	155.3M	178.6M	104.7M
Net Debt	13.4M	11.0M	44.2M	28.3M	32.6M	30.1M
Retained Earnings	(136.9M)	(121.7M)	(112.1M)	(45.7M)	(41.1M)	(43.2M)
Accounts Payable	33.8M	80.4M	93.6M	98.3M	113.0M	118.7M
Cash	25.7M	24.8M	18.2M	16.4M	18.9M	9.7M
Non Current Assets Total	114.4M	121.3M	165.0M	178.5M	205.2M	127.8M
Non Currrent Assets Other	(91.0)	25.0	993.5K	1.3M	1.2M	1.2M
Cash And Short Term Investments	25.7M	24.8M	18.2M	16.4M	18.9M	9.7M
Net Receivables	44.9M	76.8M	125.8M	125.0M	143.8M	151.0M
Common Stock Shares Outstanding	52.6M	51.7M	50.7M	52.7M	60.6M	38.9M
Liabilities And Stockholders Equity	216.5M	262.5M	375.2M	385.5M	443.3M	229.8M
Non Current Liabilities Total	41.3M	42.0M	82.5M	62.4M	71.8M	42.1M
Inventory	26.7M	36.7M	63.1M	63.2M	72.6M	76.3M
Other Current Assets	2.3M	2.8M	3.0M	2.4M	2.8M	3.0M
Other Stockholder Equity	10.1M	9.5M	7.0M	7.2M	6.5M	6.1M
Total Liab	84.5M	128.1M	198.3M	175.5M	201.9M	211.9M
Property Plant And Equipment Gross	97.9M	372.7M	417.4M	441.6M	507.8M	533.2M
Total Current Assets	102.2M	141.2M	210.2M	207.0M	238.1M	250.0M
Short Term Debt	3.4M	3.2M	2.9M	3.2M	3.7M	3.5M
Common Stock	247.5M	235.5M	251.3M	222.7M	256.1M	192.1M
Accumulated Other Comprehensive Income	11.3M	11.2M	30.6M	25.8M	29.7M	31.2M
Intangible Assets	16.2M	16.1M	15.7M	14.2M	16.3M	17.2M
Other Liab	5.4M	5.6M	9.3M	23.0M	26.4M	27.7M
Net Tangible Assets	122.1M	115.8M	118.3M	161.2M	145.1M	114.7M
Other Assets	1.5M	289.5K	126.1K	1.0M	942.3K	895.2K
Long Term Debt	13.9M	0.0	22.7M	7.6M	6.8M	6.5M
Property Plant Equipment	111.2M	97.9M	102.1M	145.3M	130.8M	103.5M
Long Term Debt Total	53.7M	35.7M	32.6M	59.5M	68.4M	40.7M
Capital Surpluse	10.9M	10.1M	9.5M	7.0M	8.1M	9.6M
Cash And Equivalents	10.6M	25.7M	24.8M	18.2M	21.0M	14.8M

Other Information on Investing in PHX Stock

Balance Sheet is a snapshot of the financial position of PHX Energy Services at a specified time, usually calculated after every quarter, six months, or one year. PHX Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of PHX Energy 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 PHX currently owns. An asset can also be divided into two categories, current and non-current.

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PHX Inventory Turnover vs Average Payables Analysis

Inventory Turnover vs Average Payables

Inventory Turnover vs Average Payables Correlation Analysis

Correlation Coefficient

Inventory Turnover

Average Payables

PHX Energy fundamental ratios Correlations

PHX Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PHX Energy fundamental ratios Accounts

Other Information on Investing in PHX Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Total Current Liabilities
Common Stock	+ 0.99	Common Stock Total Equity
Accounts Payable	+ 0.98	Total Current Liabilities
Net Debt	+ 0.97	Short Long Term Debt Total
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net

Common Stock Shares Outstanding	- 0.81	Retained Earnings
Common Stock	- 0.77	Retained Earnings
Common Stock Total Equity	- 0.74	Retained Earnings
Non Currrent Assets Other	- 0.56	Non Current Assets Total
Common Stock	- 0.51	Non Currrent Assets Other
Non Currrent Assets Other	- 0.5	Property Plant And Equipment Net