Permian Average Inventory vs Payout Ratio Analysis

PR Stock

USD 15.66 0.07 0.45%

Permian Resources financial indicator trend analysis is much more than just breaking down Permian Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Permian Resources is a good investment. Please check the relationship between Permian Resources Average Inventory and its Payout Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Permian Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Permian Stock, please use our How to Invest in Permian Resources guide.

Average Inventory vs Payout Ratio

Average Inventory vs Payout Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Permian Resources Average Inventory account and Payout Ratio. At this time, the significance of the direction appears to have weak relationship.

The correlation between Permian Resources' Average Inventory and Payout Ratio is 0.31. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Permian Resources, assuming nothing else is changed. The correlation between historical values of Permian Resources' Average Inventory and Payout Ratio 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 Permian Resources are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Average Inventory i.e., Permian Resources' Average Inventory and Payout Ratio go up and down completely randomly.

Correlation Coefficient

0.31

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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.

Payout Ratio

Payout Ratio is the proportion of Permian Resources earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Permian Resources dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Permian Resources is paying out more in dividends than it makes in net income.

Most indicators from Permian Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Permian Resources 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 Permian Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Permian Stock, please use our How to Invest in Permian Resources guide.As of 11/29/2024, Tax Provision is likely to grow to about 123.8 M, while Selling General Administrative is likely to drop slightly above 104.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	61.3M	95.6M	177.2M	186.1M
Depreciation And Amortization	289.1M	444.7M	1.0B	1.1B

Interest Expense Depreciation And Amortization

Permian Resources fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant And Equipment Net	Accounts Payable	Other Assets	Net Receivables	Non Current Liabilities Total	Capital Surpluse	Other Current Assets	Cash And Equivalents	Property Plant Equipment	Short Long Term Debt Total	Other Liab
Common Stock Shares Outstanding		0.76	0.61	0.65	0.95	0.69	0.35	0.48	0.76	0.34	0.48	0.97	0.68	0.69	0.84	0.61	0.6	0.77	0.64	0.68	0.88	0.57	-0.81	0.77	0.62	-0.52
Total Assets	0.76		0.97	0.99	0.83	0.98	0.75	0.38	1.0	0.71	0.38	0.82	0.99	0.98	0.99	0.98	0.88	0.96	0.98	0.98	0.77	0.87	-0.56	0.81	0.97	-0.53
Other Current Liab	0.61	0.97		0.99	0.72	0.97	0.75	0.33	0.97	0.84	0.33	0.69	0.98	0.97	0.93	0.99	0.89	0.9	0.99	0.98	0.64	0.88	-0.4	0.76	0.98	-0.56
Total Current Liabilities	0.65	0.99	0.99		0.76	0.98	0.8	0.33	0.99	0.75	0.33	0.73	0.99	0.98	0.95	1.0	0.9	0.94	1.0	0.99	0.69	0.88	-0.46	0.79	0.99	-0.48
Total Stockholder Equity	0.95	0.83	0.72	0.76		0.76	0.53	0.53	0.84	0.43	0.53	0.99	0.77	0.77	0.87	0.72	0.72	0.81	0.74	0.76	0.86	0.6	-0.7	0.82	0.71	-0.44
Net Debt	0.69	0.98	0.97	0.98	0.76		0.72	0.21	0.98	0.71	0.21	0.74	1.0	0.95	0.95	0.99	0.84	0.94	0.98	1.0	0.76	0.88	-0.56	0.82	0.99	-0.57
Retained Earnings	0.35	0.75	0.75	0.8	0.53	0.72		0.28	0.74	0.47	0.28	0.45	0.76	0.78	0.68	0.79	0.85	0.79	0.8	0.74	0.36	0.71	-0.16	0.61	0.75	0.1
Cash	0.48	0.38	0.33	0.33	0.53	0.21	0.28		0.37	0.3	1.0	0.52	0.26	0.48	0.44	0.26	0.45	0.31	0.3	0.24	0.16	0.3	0.07	0.32	0.23	-0.07
Non Current Assets Total	0.76	1.0	0.97	0.99	0.84	0.98	0.74	0.37		0.7	0.37	0.82	0.99	0.97	0.99	0.97	0.88	0.96	0.98	0.99	0.78	0.86	-0.57	0.81	0.97	-0.53
Non Currrent Assets Other	0.34	0.71	0.84	0.75	0.43	0.71	0.47	0.3	0.7		0.3	0.42	0.73	0.75	0.68	0.76	0.74	0.62	0.75	0.72	0.34	0.7	-0.1	0.52	0.74	-0.66
Cash And Short Term Investments	0.48	0.38	0.33	0.33	0.53	0.21	0.28	1.0	0.37	0.3		0.52	0.26	0.48	0.44	0.26	0.45	0.31	0.3	0.24	0.16	0.3	0.07	0.32	0.23	-0.07
Other Stockholder Equity	0.97	0.82	0.69	0.73	0.99	0.74	0.45	0.52	0.82	0.42	0.52		0.75	0.75	0.86	0.69	0.68	0.78	0.71	0.75	0.88	0.57	-0.73	0.78	0.69	-0.5
Total Liab	0.68	0.99	0.98	0.99	0.77	1.0	0.76	0.26	0.99	0.73	0.26	0.75		0.96	0.95	0.99	0.86	0.94	0.99	1.0	0.74	0.87	-0.52	0.8	0.99	-0.54
Total Current Assets	0.69	0.98	0.97	0.98	0.77	0.95	0.78	0.48	0.97	0.75	0.48	0.75	0.96		0.97	0.96	0.91	0.94	0.98	0.95	0.64	0.92	-0.4	0.82	0.95	-0.48
Common Stock	0.84	0.99	0.93	0.95	0.87	0.95	0.68	0.44	0.99	0.68	0.44	0.86	0.95	0.97		0.93	0.86	0.96	0.95	0.95	0.8	0.87	-0.61	0.83	0.93	-0.57
Property Plant And Equipment Net	0.61	0.98	0.99	1.0	0.72	0.99	0.79	0.26	0.97	0.76	0.26	0.69	0.99	0.96	0.93		0.88	0.93	1.0	0.99	0.67	0.88	-0.44	0.78	0.99	-0.5
Accounts Payable	0.6	0.88	0.89	0.9	0.72	0.84	0.85	0.45	0.88	0.74	0.45	0.68	0.86	0.91	0.86	0.88		0.9	0.9	0.85	0.61	0.77	-0.34	0.7	0.83	-0.29
Other Assets	0.77	0.96	0.9	0.94	0.81	0.94	0.79	0.31	0.96	0.62	0.31	0.78	0.94	0.94	0.96	0.93	0.9		0.95	0.94	0.76	0.9	-0.6	0.87	0.92	-0.43
Net Receivables	0.64	0.98	0.99	1.0	0.74	0.98	0.8	0.3	0.98	0.75	0.3	0.71	0.99	0.98	0.95	1.0	0.9	0.95		0.99	0.68	0.91	-0.45	0.81	0.99	-0.49
Non Current Liabilities Total	0.68	0.98	0.98	0.99	0.76	1.0	0.74	0.24	0.99	0.72	0.24	0.75	1.0	0.95	0.95	0.99	0.85	0.94	0.99		0.75	0.87	-0.54	0.8	0.99	-0.55
Capital Surpluse	0.88	0.77	0.64	0.69	0.86	0.76	0.36	0.16	0.78	0.34	0.16	0.88	0.74	0.64	0.8	0.67	0.61	0.76	0.68	0.75		0.49	-0.9	0.64	0.68	-0.55
Other Current Assets	0.57	0.87	0.88	0.88	0.6	0.88	0.71	0.3	0.86	0.7	0.3	0.57	0.87	0.92	0.87	0.88	0.77	0.9	0.91	0.87	0.49		-0.34	0.86	0.89	-0.5
Cash And Equivalents	-0.81	-0.56	-0.4	-0.46	-0.7	-0.56	-0.16	0.07	-0.57	-0.1	0.07	-0.73	-0.52	-0.4	-0.61	-0.44	-0.34	-0.6	-0.45	-0.54	-0.9	-0.34		-0.52	-0.47	0.48
Property Plant Equipment	0.77	0.81	0.76	0.79	0.82	0.82	0.61	0.32	0.81	0.52	0.32	0.78	0.8	0.82	0.83	0.78	0.7	0.87	0.81	0.8	0.64	0.86	-0.52		0.79	-0.47
Short Long Term Debt Total	0.62	0.97	0.98	0.99	0.71	0.99	0.75	0.23	0.97	0.74	0.23	0.69	0.99	0.95	0.93	0.99	0.83	0.92	0.99	0.99	0.68	0.89	-0.47	0.79		-0.55
Other Liab	-0.52	-0.53	-0.56	-0.48	-0.44	-0.57	0.1	-0.07	-0.53	-0.66	-0.07	-0.5	-0.54	-0.48	-0.57	-0.5	-0.29	-0.43	-0.49	-0.55	-0.55	-0.5	0.48	-0.47	-0.55

Click cells to compare fundamentals

Permian Resources Account Relationship Matchups

Permian Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	276.6M	277.4M	310.2M	322.8M	389.1M	255.8M
Total Assets	4.7B	3.8B	3.8B	8.5B	15.0B	15.7B
Other Current Liab	925K	123.7M	156.8M	494.6M	1.1B	1.1B
Total Current Liabilities	254.5M	131.9M	167.9M	605.6M	1.2B	1.3B
Total Stockholder Equity	3.3B	2.6B	2.8B	2.9B	6.3B	3.2B
Net Debt	1.1B	1.1B	833.6M	2.2B	3.8B	4.0B
Retained Earnings	282.3M	(400.5M)	(262.3M)	237.2M	569.1M	597.6M
Cash	10.2M	5.8M	9.4M	59.5M	73.3M	38.0M
Non Current Assets Total	4.6B	3.8B	3.7B	8.0B	14.3B	15.0B
Non Currrent Assets Other	(175.3M)	19.2M	15.9M	70.2M	176.1M	184.9M
Cash And Short Term Investments	10.2M	5.8M	9.4M	59.5M	73.3M	38.0M
Liabilities And Stockholders Equity	4.7B	3.8B	3.8B	8.5B	15.0B	15.7B
Other Stockholder Equity	3.0B	3.0B	3.0B	2.7B	5.8B	3.1B
Total Liab	1.4B	1.2B	1.1B	2.8B	5.7B	6.0B
Total Current Assets	120.1M	65.6M	86.5M	463.8M	650.4M	682.9M
Property Plant And Equipment Net	4.5B	3.7B	3.7B	8.0B	14.1B	14.8B
Accounts Payable	21.5M	5.1M	9.7M	51.4M	94.5M	99.3M
Other Assets	40.4M	19.2M	15.9M	74.6M	85.8M	90.1M
Long Term Debt	1.1B	1.1B	825.6M	2.1B	3.8B	4.0B
Net Receivables	101.9M	54.6M	71.3M	282.8M	481.1M	505.1M
Long Term Debt Total	1.1B	1.1B	825.6M	2.1B	2.5B	2.6B
Non Current Liabilities Total	1.2B	1.1B	886.0M	2.2B	4.5B	4.7B
Capital Surpluse	3.0B	3.0B	3.0B	2.7B	3.1B	3.1B
Other Current Assets	8.0M	5.2M	5.9M	121.4M	96.0M	100.8M
Cash And Equivalents	10.2M	5.8M	9.4M	59.5M	53.6M	40.5M
Short Term Debt	9.2M	3.2M	1.4M	59.5M	66.0M	69.3M
Property Plant Equipment	4.5B	3.7B	3.7B	8.0B	9.1B	4.7B
Short Long Term Debt Total	1.1B	1.1B	843.0M	2.2B	3.9B	4.1B
Other Liab	102.4M	22.6M	44.4M	48.6M	43.7M	47.2M
Net Tangible Assets	3.3B	2.6B	2.8B	2.9B	2.6B	2.3B
Net Invested Capital	4.3B	3.7B	3.6B	5.1B	10.2B	5.6B
Net Working Capital	(134.3M)	(66.3M)	(81.4M)	(141.8M)	(591.2M)	(561.6M)

Pair Trading with Permian Resources

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 Permian Resources 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 Permian Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Permian Stock

0.89	AR	Antero Resources Corp Potential Growth	Pair Corr
0.7	EP	Empire Petroleum Corp	Pair Corr
0.79	SM	SM Energy	Pair Corr

Moving against Permian Stock

0.62	BRY	Berry Petroleum Corp	Pair Corr
0.61	BRN	Barnwell Industries	Pair Corr
0.31	APA	APA Corporation	Pair Corr

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

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

Additional Tools for Permian Stock Analysis

When running Permian Resources' price analysis, check to measure Permian Resources' 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 Permian Resources is operating at the current time. Most of Permian Resources' value examination focuses on studying past and present price action to predict the probability of Permian Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Permian Resources' price. Additionally, you may evaluate how the addition of Permian Resources to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC