Pinnacle Retained Earnings vs Common Stock Total Equity Analysis

PNW Stock

USD 93.36 0.26 0.28%

Pinnacle West financial indicator trend analysis is much more than just breaking down Pinnacle West Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pinnacle West Capital is a good investment. Please check the relationship between Pinnacle West Retained Earnings and its Common Stock Total Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. 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.

Retained Earnings vs Common Stock Total Equity

Retained Earnings vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pinnacle West Capital Retained Earnings account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.

The correlation between Pinnacle West's Retained Earnings and Common Stock Total Equity is 0.6. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Pinnacle West Capital, assuming nothing else is changed. The correlation between historical values of Pinnacle West's Retained Earnings and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Pinnacle West Capital are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Retained Earnings i.e., Pinnacle West's Retained Earnings and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.6

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Most indicators from Pinnacle West's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pinnacle West Capital 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 Pinnacle West Capital. 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.

Tax Provision is likely to climb to about 111.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 151.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.7B	1.7B	1.8B	1.8B
Total Revenue	3.8B	4.3B	4.7B	3.1B

Gross Profit Total Revenue

Pinnacle West fundamental ratios Correlations

	Common Stock Shares Outstanding	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	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	Current Deferred Revenue
Common Stock Shares Outstanding		0.67	0.3	0.88	0.59	0.77	0.7	0.3	0.75	0.66	-0.26	0.67	-0.26	-0.26	0.64	0.34	0.61	0.5	0.24	-0.66	0.62	0.4	0.55	0.18	0.96	-0.93
Total Assets	0.67		0.7	0.76	0.79	0.98	1.0	0.7	0.98	0.88	-0.28	1.0	-0.23	-0.28	0.81	0.57	0.99	0.73	0.66	-0.57	1.0	0.73	0.89	0.32	0.85	-0.81
Short Long Term Debt Total	0.3	0.7		0.34	0.61	0.62	0.68	1.0	0.64	0.72	-0.35	0.69	-0.17	-0.35	0.69	0.37	0.71	0.96	0.97	-0.39	0.72	0.98	0.77	0.72	0.44	-0.53
Other Current Liab	0.88	0.76	0.34		0.68	0.86	0.8	0.34	0.84	0.64	-0.33	0.77	-0.22	-0.33	0.56	0.64	0.7	0.51	0.26	-0.8	0.72	0.41	0.54	0.19	0.93	-0.81
Total Current Liabilities	0.59	0.79	0.61	0.68		0.76	0.8	0.61	0.76	0.85	-0.47	0.78	-0.13	-0.47	0.82	0.44	0.73	0.7	0.56	-0.45	0.79	0.65	0.79	0.68	0.7	-0.68
Total Stockholder Equity	0.77	0.98	0.62	0.86	0.76		0.99	0.62	1.0	0.84	-0.29	0.98	-0.3	-0.29	0.76	0.61	0.96	0.69	0.56	-0.67	0.96	0.66	0.81	0.26	0.92	-0.85
Property Plant And Equipment Net	0.7	1.0	0.68	0.8	0.8	0.99		0.68	0.99	0.87	-0.3	1.0	-0.23	-0.3	0.81	0.59	0.98	0.72	0.63	-0.61	0.99	0.7	0.88	0.31	0.87	-0.82
Net Debt	0.3	0.7	1.0	0.34	0.61	0.62	0.68		0.64	0.72	-0.36	0.69	-0.17	-0.36	0.69	0.37	0.71	0.96	0.97	-0.39	0.72	0.98	0.77	0.72	0.44	-0.53
Retained Earnings	0.75	0.98	0.64	0.84	0.76	1.0	0.99	0.64		0.85	-0.28	0.99	-0.3	-0.28	0.77	0.6	0.96	0.69	0.58	-0.65	0.97	0.67	0.82	0.27	0.91	-0.85
Accounts Payable	0.66	0.88	0.72	0.64	0.85	0.84	0.87	0.72	0.85		-0.34	0.87	-0.2	-0.34	0.89	0.27	0.85	0.78	0.72	-0.38	0.88	0.78	0.91	0.52	0.77	-0.84
Cash	-0.26	-0.28	-0.35	-0.33	-0.47	-0.29	-0.3	-0.36	-0.28	-0.34		-0.28	-0.18	1.0	-0.44	-0.33	-0.24	-0.44	-0.35	0.39	-0.28	-0.46	-0.34	-0.51	-0.29	0.22
Non Current Assets Total	0.67	1.0	0.69	0.77	0.78	0.98	1.0	0.69	0.99	0.87	-0.28		-0.24	-0.28	0.79	0.58	0.99	0.72	0.64	-0.58	0.99	0.71	0.87	0.3	0.85	-0.8
Non Currrent Assets Other	-0.26	-0.23	-0.17	-0.22	-0.13	-0.3	-0.23	-0.17	-0.3	-0.2	-0.18	-0.24		-0.18	-0.07	-0.22	-0.21	-0.15	-0.11	0.32	-0.21	-0.13	-0.1	-0.07	-0.28	0.34
Cash And Short Term Investments	-0.26	-0.28	-0.35	-0.33	-0.47	-0.29	-0.3	-0.36	-0.28	-0.34	1.0	-0.28	-0.18		-0.44	-0.33	-0.24	-0.44	-0.35	0.39	-0.28	-0.46	-0.34	-0.51	-0.29	0.22
Net Receivables	0.64	0.81	0.69	0.56	0.82	0.76	0.81	0.69	0.77	0.89	-0.44	0.79	-0.07	-0.44		0.38	0.78	0.77	0.7	-0.46	0.82	0.76	0.94	0.54	0.72	-0.79
Common Stock Total Equity	0.34	0.57	0.37	0.64	0.44	0.61	0.59	0.37	0.6	0.27	-0.33	0.58	-0.22	-0.33	0.38		0.55	0.43	0.34	-0.88	0.55	0.38	0.42	0.15	0.48	-0.35
Non Current Liabilities Total	0.61	0.99	0.71	0.7	0.73	0.96	0.98	0.71	0.96	0.85	-0.24	0.99	-0.21	-0.24	0.78	0.55		0.71	0.68	-0.53	0.99	0.73	0.9	0.26	0.8	-0.77
Inventory	0.5	0.73	0.96	0.51	0.7	0.69	0.72	0.96	0.69	0.78	-0.44	0.72	-0.15	-0.44	0.77	0.43	0.71		0.91	-0.54	0.74	0.97	0.78	0.76	0.59	-0.67
Other Current Assets	0.24	0.66	0.97	0.26	0.56	0.56	0.63	0.97	0.58	0.72	-0.35	0.64	-0.11	-0.35	0.7	0.34	0.68	0.91		-0.35	0.69	0.98	0.79	0.67	0.37	-0.5
Other Stockholder Equity	-0.66	-0.57	-0.39	-0.8	-0.45	-0.67	-0.61	-0.39	-0.65	-0.38	0.39	-0.58	0.32	0.39	-0.46	-0.88	-0.53	-0.54	-0.35		-0.53	-0.45	-0.43	-0.22	-0.7	0.62
Total Liab	0.62	1.0	0.72	0.72	0.79	0.96	0.99	0.72	0.97	0.88	-0.28	0.99	-0.21	-0.28	0.82	0.55	0.99	0.74	0.69	-0.53		0.74	0.91	0.33	0.81	-0.78
Property Plant And Equipment Gross	0.4	0.73	0.98	0.41	0.65	0.66	0.7	0.98	0.67	0.78	-0.46	0.71	-0.13	-0.46	0.76	0.38	0.73	0.97	0.98	-0.45	0.74		0.82	0.71	0.52	-0.61
Total Current Assets	0.55	0.89	0.77	0.54	0.79	0.81	0.88	0.77	0.82	0.91	-0.34	0.87	-0.1	-0.34	0.94	0.42	0.9	0.78	0.79	-0.43	0.91	0.82		0.46	0.69	-0.76
Short Term Debt	0.18	0.32	0.72	0.19	0.68	0.26	0.31	0.72	0.27	0.52	-0.51	0.3	-0.07	-0.51	0.54	0.15	0.26	0.76	0.67	-0.22	0.33	0.71	0.46		0.2	-0.3
Common Stock	0.96	0.85	0.44	0.93	0.7	0.92	0.87	0.44	0.91	0.77	-0.29	0.85	-0.28	-0.29	0.72	0.48	0.8	0.59	0.37	-0.7	0.81	0.52	0.69	0.2		-0.94
Current Deferred Revenue	-0.93	-0.81	-0.53	-0.81	-0.68	-0.85	-0.82	-0.53	-0.85	-0.84	0.22	-0.8	0.34	0.22	-0.79	-0.35	-0.77	-0.67	-0.5	0.62	-0.78	-0.61	-0.76	-0.3	-0.94

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Pinnacle West Account Relationship Matchups

Pinnacle West fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	112.8M	112.9M	113.2M	113.4M	113.8M	105.8M
Total Assets	18.5B	20.0B	22.0B	22.7B	24.7B	14.0B
Short Long Term Debt Total	5.8B	6.9B	8.2B	8.9B	10.3B	10.8B
Other Current Liab	739.6M	638.5M	652.7M	670.7M	727.7M	530.8M
Total Current Liabilities	2.1B	1.4B	1.8B	1.8B	2.9B	1.4B
Total Stockholder Equity	5.4B	5.6B	5.9B	6.0B	6.2B	4.1B
Property Plant And Equipment Net	14.4B	15.4B	16.6B	17.4B	19.0B	10.5B
Net Debt	5.8B	6.9B	8.2B	8.9B	10.3B	10.8B
Retained Earnings	2.8B	3.0B	3.3B	3.4B	3.5B	1.8B
Accounts Payable	346.4M	318.6M	393.1M	430.4M	442.5M	311.4M
Cash	10.3M	60.0M	10.0M	4.8M	5.0M	4.7M
Non Current Assets Total	17.4B	18.8B	20.5B	21.0B	22.7B	12.9B
Non Currrent Assets Other	97.0M	92.9M	97.9M	1.9B	1.9B	1.1B
Cash And Short Term Investments	10.3M	60.0M	10.0M	4.8M	5.0M	4.7M
Net Receivables	408.1M	432.8M	508.1M	608.3M	659.3M	448.5M
Common Stock Total Equity	2.6B	2.7B	2.7B	2.7B	3.1B	2.1B
Liabilities And Stockholders Equity	18.5B	20.0B	22.0B	22.7B	24.7B	14.0B
Non Current Liabilities Total	10.8B	12.9B	14.2B	14.8B	15.5B	8.4B
Inventory	345.9M	334.3M	367.2M	450.6M	493.5M	518.2M
Other Current Assets	195.0M	371.3M	665.9M	686.8M	769.1M	807.6M
Other Stockholder Equity	(9.4M)	(6.3M)	(6.4M)	(5.0M)	(8.2M)	(7.8M)
Total Liab	12.9B	14.3B	16.0B	16.6B	18.4B	9.8B
Property Plant And Equipment Gross	14.4B	15.4B	24.5B	25.7B	27.8B	29.2B
Total Current Assets	1.0B	1.2B	1.6B	1.8B	1.9B	1.1B
Accumulated Other Comprehensive Income	(57.1M)	(62.8M)	(54.9M)	(31.4M)	(33.1M)	(34.8M)
Short Term Debt	927.4M	243.8M	542.4M	496.6M	1.6B	1.6B
Common Stock	2.7B	2.7B	2.7B	2.7B	2.8B	2.4B
Current Deferred Revenue	64.9M	48.3M	42.3M	41.8M	42.0M	73.5M
Other Liab	6.0B	6.2B	6.6B	6.4B	7.4B	7.8B
Other Assets	2.9B	3.3B	3.7B	3.3B	3.8B	4.0B
Long Term Debt	4.8B	6.3B	6.9B	7.7B	7.5B	4.3B
Property Plant Equipment	14.5B	15.2B	16.0B	2.7B	3.1B	2.9B
Treasury Stock	(4.8M)	(9.4M)	(6.3M)	(6.4M)	(5.8M)	(6.0M)
Intangible Assets	290.6M	282.6M	273.7M	258.9M	267.1M	190.7M
Short Term Investments	515K	2.9M	63.5M	5.7B	38.6M	36.7M
Noncontrolling Interest In Consolidated Entity	125.8M	122.5M	119.3M	115.3M	132.5M	95.8M
Retained Earnings Total Equity	2.6B	2.8B	3.0B	3.3B	3.8B	2.0B
Deferred Long Term Liab	1.3B	1.1B	1.2B	1.3B	1.5B	934.3M

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Pinnacle Retained Earnings vs Common Stock Total Equity Analysis

Retained Earnings vs Common Stock Total Equity

Retained Earnings vs Common Stock Total Equity Correlation Analysis

Correlation Coefficient

Retained Earnings

Common Stock Total Equity

Pinnacle West fundamental ratios Correlations

Pinnacle West Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pinnacle West fundamental ratios Accounts

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Additional Tools for Pinnacle Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Current Deferred Revenue	- 0.94	Common Stock
Current Deferred Revenue	- 0.93	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.88	Common Stock Total Equity
Current Deferred Revenue	- 0.85	Retained Earnings
Current Deferred Revenue	- 0.85	Total Stockholder Equity
Current Deferred Revenue	- 0.84	Accounts Payable