Quanta Change In Cash vs Depreciation Analysis

PWR Stock  USD 319.90  2.08  0.65%   
Quanta Services financial indicator trend analysis is much more than just breaking down Quanta Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quanta Services is a good investment. Please check the relationship between Quanta Services Change In Cash and its Depreciation accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quanta 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 housing.
To learn how to invest in Quanta Stock, please use our How to Invest in Quanta Services guide.

Change In Cash vs Depreciation

Change In Cash vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quanta Services Change In Cash account and Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between Quanta Services' Change In Cash and Depreciation is 0.77. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Depreciation in the same time period over historical financial statements of Quanta Services, assuming nothing else is changed. The correlation between historical values of Quanta Services' Change In Cash and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of Quanta Services are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change In Cash i.e., Quanta Services' Change In Cash and Depreciation go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Change In Cash

Depreciation

Depreciation indicates how much of Quanta Services value has been used up. For tax purposes Quanta Services can deduct the cost of the tangible assets it purchases as business expenses. However, Quanta Services must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Quanta Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quanta 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 Quanta 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 housing.
To learn how to invest in Quanta Stock, please use our How to Invest in Quanta Services guide.At this time, Quanta Services' Selling General Administrative is relatively stable compared to the past year. As of 12/11/2024, Sales General And Administrative To Revenue is likely to grow to 0.10, though Discontinued Operations is likely to grow to (373.6 K).
 2021 2022 2023 2024 (projected)
Gross Profit2.0B2.5B2.9B3.1B
Total Revenue13.0B17.1B20.9B21.9B

Quanta Services fundamental ratios Correlations

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0.770.780.70.680.780.810.760.590.370.820.760.370.74-0.120.80.460.6-0.110.760.620.690.570.830.690.68
0.980.950.70.850.940.890.950.920.830.950.660.830.98-0.10.950.880.9-0.150.980.970.990.940.870.940.91
0.920.750.680.850.960.680.820.850.730.910.590.730.890.380.790.740.880.330.830.870.90.720.750.820.73
0.980.890.780.940.960.850.940.890.710.980.630.710.970.120.910.790.90.050.940.920.960.810.860.920.83
0.90.980.810.890.680.850.920.760.540.920.530.540.9-0.330.980.710.71-0.370.950.770.860.750.960.880.92
0.950.940.760.950.820.940.920.90.640.930.610.640.98-0.170.940.820.83-0.260.960.890.950.840.850.970.85
0.90.820.590.920.850.890.760.90.720.850.640.720.940.030.820.860.89-0.050.880.90.940.830.710.910.85
0.780.690.370.830.730.710.540.640.720.720.541.00.740.110.670.770.780.150.750.910.830.90.610.660.7
0.990.950.820.950.910.980.920.930.850.720.610.720.960.040.970.790.860.00.970.90.960.810.940.910.9
0.630.580.760.660.590.630.530.610.640.540.610.540.62-0.030.570.510.62-0.040.620.670.640.670.540.570.54
0.780.690.370.830.730.710.540.640.721.00.720.540.740.110.670.770.780.150.750.910.830.90.610.660.7
0.990.940.740.980.890.970.90.980.940.740.960.620.74-0.050.950.850.9-0.130.980.940.990.870.870.970.9
0.01-0.25-0.12-0.10.380.12-0.33-0.170.030.110.04-0.030.11-0.05-0.190.010.160.94-0.150.02-0.01-0.19-0.15-0.09-0.18
0.961.00.80.950.790.910.980.940.820.670.970.570.670.95-0.190.780.8-0.240.990.860.930.820.970.920.95
0.840.780.460.880.740.790.710.820.860.770.790.510.770.850.010.780.84-0.080.840.880.880.830.680.910.8
0.90.790.60.90.880.90.710.830.890.780.860.620.780.90.160.80.840.110.860.920.920.850.70.850.8
-0.03-0.29-0.11-0.150.330.05-0.37-0.26-0.050.150.0-0.040.15-0.130.94-0.24-0.080.11-0.2-0.01-0.06-0.19-0.15-0.21-0.19
0.980.990.760.980.830.940.950.960.880.750.970.620.750.98-0.150.990.840.86-0.20.930.970.890.930.940.94
0.940.870.620.970.870.920.770.890.90.910.90.670.910.940.020.860.880.92-0.010.930.970.960.780.880.83
0.990.930.690.990.90.960.860.950.940.830.960.640.830.99-0.010.930.880.92-0.060.970.970.920.850.950.9
0.870.850.570.940.720.810.750.840.830.90.810.670.90.87-0.190.820.830.85-0.190.890.960.920.730.820.81
0.910.960.830.870.750.860.960.850.710.610.940.540.610.87-0.150.970.680.7-0.150.930.780.850.730.820.91
0.940.910.690.940.820.920.880.970.910.660.910.570.660.97-0.090.920.910.85-0.210.940.880.950.820.820.87
0.910.950.680.910.730.830.920.850.850.70.90.540.70.9-0.180.950.80.8-0.190.940.830.90.810.910.87
Click cells to compare fundamentals

Quanta Services Account Relationship Matchups

Quanta Services fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.3B8.4B12.9B13.5B16.2B17.0B
Short Long Term Debt Total1.7B1.5B4.0B4.0B4.5B4.7B
Other Current Liab750.1M1.1B1.7B777.0M955.7M1.0B
Total Current Liabilities2.3B2.1B3.2B3.4B5.2B5.5B
Total Stockholder Equity4.1B4.3B5.1B5.4B6.3B6.6B
Property Plant And Equipment Net1.7B1.8B2.2B2.3B2.6B2.7B
Net Debt1.5B1.3B3.8B3.5B3.2B3.3B
Retained Earnings2.9B3.3B3.7B4.2B4.9B5.1B
Accounts Payable1.5B798.0M1.3B1.3B2.0B2.1B
Cash164.8M184.6M229.1M428.5M1.3B1.4B
Non Current Assets Total4.5B4.8B8.1B7.9B8.6B9.0B
Non Currrent Assets Other393.3M435.7M632.2M(106.5M)565.6M593.9M
Cash And Short Term Investments164.8M184.6M229.1M428.5M1.3B1.4B
Net Receivables3.3B3.2B4.2B4.8B5.8B6.1B
Common Stock Shares Outstanding147.5M145.2M145.4M148.0M148.8M159.0M
Liabilities And Stockholders Equity8.3B8.4B12.9B13.5B16.2B17.0B
Non Current Liabilities Total2.0B1.9B4.6B4.7B4.7B5.0B
Inventory55.7M50.5M84.7M103.3M175.7M184.4M
Other Current Assets261.3M183.4M215.1M249.6M387.1M406.5M
Other Stockholder Equity1.4B1.3B1.6B1.5B1.7B1.8B
Total Liab4.3B4.0B7.7B8.1B10.0B10.5B
Property Plant And Equipment Gross1.7B1.8B2.2B2.3B4.4B4.6B
Total Current Assets3.8B3.6B4.7B5.5B7.7B8.1B
Accumulated Other Comprehensive Income(241.8M)(233.0M)(237.7M)(310.7M)(282.9M)(268.8M)
Short Term Debt167.3M185.0M185.7M185.6M691.2M725.8M
Intangible Assets413.7M435.7M1.8B1.5B1.4B1.4B
Other Liab526.1M557.6M678.4M795.4M914.7M960.4M
Other Assets393.3M692.56632.2M622.7M716.1M752.0M
Long Term Debt1.3B1.2B3.7B3.7B3.7B3.8B
Good Will2.0B2.1B3.5B3.6B4.0B4.2B
Property Plant Equipment1.7B1.8B2.2B2.3B2.6B2.7B
Treasury Stock(586.8M)(857.8M)(980.3M)(1.2B)(1.1B)(1.0B)
Current Deferred Revenue606.1M528.9M802.9M1.1B1.5B1.6B
Net Tangible Assets1.6B1.8B(217.8M)338.1M304.3M289.1M
Noncontrolling Interest In Consolidated Entity3.5M4.8M4.6M15.4M13.8M13.1M
Retained Earnings Total Equity2.9B3.3B3.7B4.2B4.8B5.0B

Pair Trading with Quanta Services

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 Quanta Services 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 Quanta Services will appreciate offsetting losses from the drop in the long position's value.

Moving together with Quanta Stock

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The ability to find closely correlated positions to Quanta Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quanta Services 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 Quanta Services - 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 Quanta Services to buy it.
The correlation of Quanta Services 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 Quanta Services moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quanta Services 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 Quanta Services 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 CorrelationCorrelation Matching

Additional Tools for Quanta Stock Analysis

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