Riley Property Plant And Equipment Net vs Retained Earnings Analysis

REPX Stock  USD 36.88  1.01  2.82%   
Riley Exploration financial indicator trend analysis is much more than just breaking down Riley Exploration Permian prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Riley Exploration Permian is a good investment. Please check the relationship between Riley Exploration Property Plant And Equipment Net and its Retained Earnings accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Riley Exploration Permian. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Property Plant And Equipment Net vs Retained Earnings

Property Plant And Equipment Net vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Riley Exploration Permian Property Plant And Equipment Net account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Riley Exploration's Property Plant And Equipment Net and Retained Earnings is 0.93. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Riley Exploration Permian, assuming nothing else is changed. The correlation between historical values of Riley Exploration's Property Plant And Equipment Net and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Riley Exploration Permian are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Property Plant And Equipment Net i.e., Riley Exploration's Property Plant And Equipment Net and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

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.
Most indicators from Riley Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Riley Exploration Permian 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 Riley Exploration Permian. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
At this time, Riley Exploration's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 36.2 M in 2024, whereas Discontinued Operations is likely to drop (17.8 M) in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses30.3M24.0M33.4M35.1M
Cost Of Revenue57.1M84.3M154.2M161.9M

Riley Exploration fundamental ratios Correlations

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-0.09-0.08-0.11-0.14-0.07-0.1-0.080.02-0.06-0.22-0.090.01-0.22-0.110.94-0.16-0.09-0.13-0.11-0.1-0.13-0.110.08-0.03-0.13
0.440.280.310.480.520.430.260.330.270.470.430.520.470.5-0.110.530.320.60.360.40.530.290.080.680.41
0.830.70.60.780.880.830.690.860.310.710.830.880.710.86-0.290.840.740.80.770.80.870.74-0.030.680.83
0.990.970.870.910.960.990.970.950.460.840.990.940.840.97-0.40.90.980.870.991.00.960.98-0.130.410.83
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Riley Exploration Account Relationship Matchups

Riley Exploration fundamental ratios Accounts

201920202021202220232024 (projected)
Property Plant And Equipment Gross4.6M3.0M349.0M460.1M1.1B1.1B
Other Liab2.7M4.2M22.9M48.7M56.0M58.8M
Net Tangible Assets149.4M166.6M221.7M333.4M383.5M402.6M
Property Plant Equipment291.3M313.2M349.3M461.5M530.7M293.5M
Other Assets10.7M5.4M2.2M2.8M2.5M3.5M
Deferred Long Term Liab1.0M1.9M1.4M2.6M2.9M2.1M
Net Invested Capital6.3M2.7M281.7M389.4M777.6M816.4M
Net Working Capital3.7M1.7M(46.9M)(25.3M)(31.1M)(29.5M)

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