Primoris Other Non Cash Items vs Net Income Analysis

PRIM Stock

USD 83.98 0.99 1.19%

Primoris Services financial indicator trend analysis is much more than just breaking down Primoris Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Primoris Services is a good investment. Please check the relationship between Primoris Services Other Non Cash Items and its Net Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primoris 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 gross domestic product.

To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.

Other Non Cash Items vs Net Income

Other Non Cash Items vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Primoris Services Other Non Cash Items account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Primoris Services' Other Non Cash Items and Net Income is -0.49. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Net Income in the same time period over historical financial statements of Primoris Services, assuming nothing else is changed. The correlation between historical values of Primoris Services' Other Non Cash Items and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Primoris Services are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Other Non Cash Items i.e., Primoris Services' Other Non Cash Items and Net Income go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Other Non Cash Items

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Primoris Services financial statement analysis. It represents the amount of money remaining after all of Primoris Services operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Primoris Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Primoris 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 Primoris 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 gross domestic product.

To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.At this time, Primoris Services' Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value Over EBITDA is likely to grow to 8.31, while Issuance Of Capital Stock is likely to drop about 636.5 K.

	2021	2022	2023	2024 (projected)
Income Before Tax	151.9M	159.3M	177.7M	100.1M
Total Operating Expenses	230.1M	281.6M	328.7M	345.2M

Income Before Tax Total Operating Expenses

Primoris Services fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Inventory	Property Plant And Equipment Gross	Short Term Debt	Intangible Assets
Total Assets		0.61	0.99	0.99	0.96	0.98	0.55	0.17	0.52	0.6	0.41	0.99	0.78	0.02	1.0	0.99	0.62	0.99	1.0	0.87	0.65	0.97	-0.12	0.94	0.62	0.97
Other Current Liab	0.61		0.62	0.64	0.48	0.67	0.55	0.06	0.5	0.66	0.6	0.57	0.34	0.13	0.59	0.63	0.66	0.52	0.59	0.66	0.81	0.48	-0.34	0.54	0.2	0.5
Total Current Liabilities	0.99	0.62		0.97	0.93	0.97	0.58	0.2	0.55	0.62	0.46	0.96	0.81	0.02	0.99	1.0	0.65	0.97	0.97	0.83	0.63	0.94	-0.1	0.95	0.62	0.93
Total Stockholder Equity	0.99	0.64	0.97		0.93	0.99	0.58	0.16	0.55	0.64	0.47	0.96	0.73	0.09	0.98	0.99	0.66	0.96	0.98	0.87	0.64	0.95	-0.18	0.92	0.62	0.94
Net Debt	0.96	0.48	0.93	0.93		0.91	0.33	0.02	0.3	0.46	0.25	0.98	0.83	-0.03	0.97	0.93	0.48	0.99	0.97	0.84	0.62	0.98	-0.01	0.94	0.61	0.97
Retained Earnings	0.98	0.67	0.97	0.99	0.91		0.6	0.25	0.56	0.6	0.43	0.96	0.73	0.0	0.97	0.98	0.62	0.95	0.97	0.91	0.65	0.93	-0.25	0.92	0.6	0.92
Cash	0.55	0.55	0.58	0.58	0.33	0.6		0.56	0.99	0.71	0.64	0.49	0.1	0.13	0.53	0.6	0.71	0.45	0.5	0.47	0.45	0.44	-0.25	0.34	0.55	0.45
Other Assets	0.17	0.06	0.2	0.16	0.02	0.25	0.56		0.53	-0.08	-0.13	0.14	0.02	-0.48	0.17	0.19	-0.08	0.11	0.15	0.33	-0.05	0.06	-0.39	0.07	0.22	0.04
Cash And Short Term Investments	0.52	0.5	0.55	0.55	0.3	0.56	0.99	0.53		0.72	0.66	0.46	0.09	0.16	0.5	0.57	0.72	0.43	0.47	0.41	0.4	0.41	-0.2	0.31	0.55	0.43
Common Stock Total Equity	0.6	0.66	0.62	0.64	0.46	0.6	0.71	-0.08	0.72		0.94	0.52	0.28	0.45	0.57	0.63	1.0	0.52	0.56	0.34	0.55	0.51	-0.13	0.49	0.62	0.54
Common Stock Shares Outstanding	0.41	0.6	0.46	0.47	0.25	0.43	0.64	-0.13	0.66	0.94		0.32	0.12	0.53	0.39	0.47	0.94	0.32	0.36	0.15	0.45	0.3	-0.1	0.32	0.44	0.33
Non Current Liabilities Total	0.99	0.57	0.96	0.96	0.98	0.96	0.49	0.14	0.46	0.52	0.32		0.77	-0.05	0.99	0.97	0.54	0.99	1.0	0.88	0.66	0.99	-0.09	0.92	0.61	0.98
Other Current Assets	0.78	0.34	0.81	0.73	0.83	0.73	0.1	0.02	0.09	0.28	0.12	0.77		-0.09	0.79	0.77	0.3	0.8	0.78	0.62	0.24	0.76	0.11	0.94	0.36	0.72
Other Stockholder Equity	0.02	0.13	0.02	0.09	-0.03	0.0	0.13	-0.48	0.16	0.45	0.53	-0.05	-0.09		-0.02	0.06	0.45	-0.02	-0.02	-0.19	0.07	0.02	0.54	0.0	0.02	0.0
Total Liab	1.0	0.59	0.99	0.98	0.97	0.97	0.53	0.17	0.5	0.57	0.39	0.99	0.79	-0.02		0.99	0.59	0.99	0.99	0.87	0.65	0.97	-0.1	0.94	0.62	0.97
Total Current Assets	0.99	0.63	1.0	0.99	0.93	0.98	0.6	0.19	0.57	0.63	0.47	0.97	0.77	0.06	0.99		0.65	0.97	0.98	0.85	0.65	0.95	-0.1	0.93	0.62	0.94
Common Stock	0.62	0.66	0.65	0.66	0.48	0.62	0.71	-0.08	0.72	1.0	0.94	0.54	0.3	0.45	0.59	0.65		0.54	0.58	0.36	0.54	0.53	-0.12	0.51	0.62	0.56
Short Long Term Debt Total	0.99	0.52	0.97	0.96	0.99	0.95	0.45	0.11	0.43	0.52	0.32	0.99	0.8	-0.02	0.99	0.97	0.54		0.99	0.86	0.63	0.99	-0.04	0.94	0.64	0.98
Non Current Assets Total	1.0	0.59	0.97	0.98	0.97	0.97	0.5	0.15	0.47	0.56	0.36	1.0	0.78	-0.02	0.99	0.98	0.58	0.99		0.88	0.65	0.98	-0.14	0.94	0.62	0.98
Non Currrent Assets Other	0.87	0.66	0.83	0.87	0.84	0.91	0.47	0.33	0.41	0.34	0.15	0.88	0.62	-0.19	0.87	0.85	0.36	0.86	0.88		0.68	0.83	-0.35	0.8	0.45	0.82
Net Receivables	0.65	0.81	0.63	0.64	0.62	0.65	0.45	-0.05	0.4	0.55	0.45	0.66	0.24	0.07	0.65	0.65	0.54	0.63	0.65	0.68		0.61	-0.19	0.48	0.38	0.65
Good Will	0.97	0.48	0.94	0.95	0.98	0.93	0.44	0.06	0.41	0.51	0.3	0.99	0.76	0.02	0.97	0.95	0.53	0.99	0.98	0.83	0.61		-0.03	0.91	0.63	0.99
Inventory	-0.12	-0.34	-0.1	-0.18	-0.01	-0.25	-0.25	-0.39	-0.2	-0.13	-0.1	-0.09	0.11	0.54	-0.1	-0.1	-0.12	-0.04	-0.14	-0.35	-0.19	-0.03		-0.04	-0.15	-0.07
Property Plant And Equipment Gross	0.94	0.54	0.95	0.92	0.94	0.92	0.34	0.07	0.31	0.49	0.32	0.92	0.94	0.0	0.94	0.93	0.51	0.94	0.94	0.8	0.48	0.91	-0.04		0.5	0.88
Short Term Debt	0.62	0.2	0.62	0.62	0.61	0.6	0.55	0.22	0.55	0.62	0.44	0.61	0.36	0.02	0.62	0.62	0.62	0.64	0.62	0.45	0.38	0.63	-0.15	0.5		0.62
Intangible Assets	0.97	0.5	0.93	0.94	0.97	0.92	0.45	0.04	0.43	0.54	0.33	0.98	0.72	0.0	0.97	0.94	0.56	0.98	0.98	0.82	0.65	0.99	-0.07	0.88	0.62

Click cells to compare fundamentals

Primoris Services Account Relationship Matchups

Primoris Services fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	2.0B	2.5B	3.5B	3.8B	4.0B
Other Current Liab	186.4M	116.7M	108.5M	160.2M	156.1M	97.9M
Total Current Liabilities	670.4M	764.4M	759.1M	1.1B	1.3B	1.4B
Total Stockholder Equity	628.5M	714.8M	990.1M	1.1B	1.2B	1.3B
Net Debt	402.2M	127.7M	559.0M	1.0B	1.1B	1.2B
Retained Earnings	531.3M	624.7M	727.4M	847.7M	961.0M	1.0B
Cash	120.3M	326.7M	200.5M	248.7M	217.8M	160.4M
Other Assets	14.6M	222.0M	16.4M	21.8M	25.1M	40.0M
Cash And Short Term Investments	120.3M	326.7M	200.5M	248.7M	217.8M	169.4M
Common Stock Shares Outstanding	51.1M	48.6M	53.2M	53.8M	54.2M	48.4M
Liabilities And Stockholders Equity	1.8B	2.0B	2.5B	3.5B	3.8B	4.0B
Non Current Liabilities Total	530.5M	490.4M	794.2M	1.3B	1.3B	1.3B
Other Current Assets	387.5M	30.2M	86.3M	166.1M	982.0M	1.0B
Other Stockholder Equity	97.1M	89.1M	261.9M	263.8M	275.8M	240.5M
Total Liab	1.2B	1.3B	1.6B	2.4B	2.6B	2.7B
Total Current Assets	912.7M	1.1B	1.2B	1.7B	1.9B	2.0B
Short Long Term Debt Total	522.5M	454.5M	759.5M	1.3B	1.3B	1.4B
Non Current Assets Total	917.8M	854.3M	1.4B	1.8B	1.9B	2.0B
Non Currrent Assets Other	13.5M	12.8M	15.1M	21.8M	18.9M	19.9M
Net Receivables	749.7M	432.5M	471.7M	1.3B	685.4M	493.3M
Property Plant And Equipment Gross	618.3M	356.2M	591.9M	696.7M	1.3B	1.4B
Accumulated Other Comprehensive Income	76K	958K	698K	(2.6M)	(788K)	(827.4K)
Short Term Debt	55.7M	120.8M	128.8M	150.7M	169.3M	90.7M
Intangible Assets	69.8M	61.0M	171.3M	249.4M	227.6M	238.9M
Property Plant And Equipment Net	618.3M	563.5M	591.9M	696.7M	836.4M	878.3M
Current Deferred Revenue	192.4M	267.2M	240.4M	275.9M	366.5M	384.8M
Accounts Payable	236.0M	245.9M	273.5M	535.0M	629.0M	660.4M
Net Tangible Assets	343.6M	438.6M	237.1M	(12.4M)	(14.2M)	(13.5M)
Long Term Debt	295.6M	268.8M	594.2M	1.1B	885.4M	929.6M
Retained Earnings Total Equity	461.1M	531.3M	624.7M	727.4M	836.5M	429.9M
Long Term Debt Total	305.7M	295.6M	268.8M	594.2M	683.4M	717.5M
Capital Surpluse	144.0M	97.1M	89.1M	261.9M	301.2M	170.3M
Deferred Long Term Liab	8.2M	17.8M	13.5M	38.5M	44.3M	46.5M
Non Current Liabilities Other	217.0M	208.0M	63.4M	43.9M	47.9M	66.4M

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether Primoris Services is a strong investment it is important to analyze Primoris Services' 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 Primoris Services' future performance. For an informed investment choice regarding Primoris Stock, refer to the following important reports:

How To Invest In Primoris

Details

Is Primoris Stock a good investment?

Details

What is Primoris Services' Net Worth?

Details

Largest Construction & Engineering Companies

View

Largest Engineering & Construction Companies

View

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primoris 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 gross domestic product.

To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.

You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Primoris Services. If investors know Primoris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Primoris Services listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.202

Dividend Share

0.24

Earnings Share

3.03

Revenue Per Share

114.686

Quarterly Revenue Growth

0.078

The market value of Primoris Services is measured differently than its book value, which is the value of Primoris that is recorded on the company's balance sheet. Investors also form their own opinion of Primoris Services' value that differs from its market value or its book value, called intrinsic value, which is Primoris Services' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Primoris Services' market value can be influenced by many factors that don't directly affect Primoris Services' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Primoris Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Primoris Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primoris Services' 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.

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

Primoris Other Non Cash Items vs Net Income Analysis

Other Non Cash Items vs Net Income

Other Non Cash Items vs Net Income Correlation Analysis

Correlation Coefficient

Other Non Cash Items

Net Income

Primoris Services fundamental ratios Correlations

Primoris Services Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Primoris Services fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Current Liabilities
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 1.0	Non Current Liabilities Total
Total Current Liabilities	+ 0.99	Total Assets

Other Stockholder Equity	- 0.48	Other Assets
Inventory	- 0.39	Other Assets
Inventory	- 0.35	Non Currrent Assets Other
Inventory	- 0.34	Other Current Liab
Inventory	- 0.25	Cash
Inventory	- 0.25	Retained Earnings