Westport Net Receivables vs Retained Earnings Analysis

WPRT Stock

CAD 6.20 0.16 2.65%

Westport Fuel financial indicator trend analysis is more than just analyzing Westport Fuel Systems current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westport Fuel Systems is a good investment. Please check the relationship between Westport Fuel Net Receivables and its Retained Earnings accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westport Fuel Systems. 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.

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westport Fuel Systems Net Receivables account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.

The correlation between Westport Fuel's Net Receivables and Retained Earnings is -0.81. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Westport Fuel Systems, assuming nothing else is changed. The correlation between historical values of Westport Fuel's Net Receivables 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 Net Receivables of Westport Fuel Systems 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 Net Receivables i.e., Westport Fuel's Net Receivables and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.81

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Receivables

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 Westport Fuel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westport Fuel Systems 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westport Fuel Systems. 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.

At this time, Westport Fuel's Tax Provision is very stable compared to the past year. As of the 24th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.21, while Selling General Administrative is likely to drop about 25 M.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	344.6M	349.5M	373.7M	392.4M
Total Revenue	312.4M	305.7M	331.8M	348.4M

Other Operating Expenses Total Revenue

Westport Fuel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Liab	Current Deferred Revenue	Inventory	Other Current Assets	Short Term Investments
Total Assets		0.7	0.71	0.89	0.58	-0.55	-0.32	0.5	0.86	0.91	0.15	0.17	0.82	0.55	-0.08	0.58	0.4	0.71	0.2	0.98	0.67	0.05	0.49	0.58	0.64	0.49
Short Long Term Debt Total	0.7		0.8	0.36	0.47	0.12	-0.44	0.58	0.35	0.77	0.24	0.22	0.28	0.59	0.32	0.9	0.45	0.89	0.12	0.63	0.69	0.17	0.46	0.55	0.42	-0.06
Total Current Liabilities	0.71	0.8		0.33	0.71	0.02	-0.72	0.8	0.32	0.61	0.51	0.44	0.25	0.8	0.4	0.73	0.69	0.96	0.31	0.71	0.65	0.4	0.69	0.76	0.48	-0.07
Total Stockholder Equity	0.89	0.36	0.33		0.35	-0.79	0.04	0.18	0.97	0.79	-0.07	0.0	0.96	0.26	-0.4	0.21	0.1	0.3	0.12	0.88	0.52	-0.21	0.28	0.32	0.53	0.76
Property Plant And Equipment Net	0.58	0.47	0.71	0.35		0.02	-0.85	0.88	0.3	0.42	0.76	0.68	0.26	0.93	0.21	0.48	0.54	0.67	0.8	0.62	0.31	0.31	0.51	0.87	0.56	-0.12
Net Debt	-0.55	0.12	0.02	-0.79	0.02		-0.3	0.2	-0.86	-0.4	0.38	0.3	-0.88	0.18	0.38	0.16	0.02	0.07	0.2	-0.59	-0.18	0.16	-0.09	0.08	-0.36	-0.86
Retained Earnings	-0.32	-0.44	-0.72	0.04	-0.85	-0.3		-0.85	0.05	-0.23	-0.72	-0.62	0.1	-0.81	-0.42	-0.58	-0.78	-0.71	-0.62	-0.34	-0.1	-0.53	-0.42	-0.78	-0.35	0.44
Accounts Payable	0.5	0.58	0.8	0.18	0.88	0.2	-0.85		0.13	0.31	0.79	0.74	0.07	0.97	0.28	0.59	0.57	0.77	0.57	0.57	0.3	0.18	0.54	0.93	0.57	-0.35
Cash	0.86	0.35	0.32	0.97	0.3	-0.86	0.05	0.13		0.75	-0.16	-0.09	0.99	0.19	-0.29	0.24	0.15	0.31	0.02	0.87	0.51	-0.14	0.32	0.25	0.56	0.8
Non Current Assets Total	0.91	0.77	0.61	0.79	0.42	-0.4	-0.23	0.31	0.75		-0.01	-0.01	0.71	0.38	-0.05	0.64	0.37	0.67	0.12	0.81	0.68	0.11	0.37	0.39	0.38	0.46
Non Currrent Assets Other	0.15	0.24	0.51	-0.07	0.76	0.38	-0.72	0.79	-0.16	-0.01		0.96	-0.18	0.84	0.1	0.18	0.43	0.41	0.82	0.21	0.18	0.08	0.32	0.83	0.14	-0.44
Other Assets	0.17	0.22	0.44	0.0	0.68	0.3	-0.62	0.74	-0.09	-0.01	0.96		-0.11	0.78	-0.11	0.12	0.42	0.35	0.79	0.24	0.18	-0.11	0.25	0.82	0.18	-0.38
Cash And Short Term Investments	0.82	0.28	0.25	0.96	0.26	-0.88	0.1	0.07	0.99	0.71	-0.18	-0.11		0.14	-0.32	0.16	0.12	0.24	0.03	0.82	0.5	-0.16	0.31	0.2	0.5	0.85
Net Receivables	0.55	0.59	0.8	0.26	0.93	0.18	-0.81	0.97	0.19	0.38	0.84	0.78	0.14		0.22	0.52	0.53	0.74	0.7	0.6	0.43	0.19	0.57	0.94	0.52	-0.25
Common Stock Shares Outstanding	-0.08	0.32	0.4	-0.4	0.21	0.38	-0.42	0.28	-0.29	-0.05	0.1	-0.11	-0.32	0.22		0.45	0.29	0.45	-0.04	-0.09	0.03	0.72	0.22	0.08	0.01	-0.36
Non Current Liabilities Total	0.58	0.9	0.73	0.21	0.48	0.16	-0.58	0.59	0.24	0.64	0.18	0.12	0.16	0.52	0.45		0.55	0.89	0.05	0.52	0.38	0.38	0.32	0.54	0.47	-0.23
Other Stockholder Equity	0.4	0.45	0.69	0.1	0.54	0.02	-0.78	0.57	0.15	0.37	0.43	0.42	0.12	0.53	0.29	0.55		0.69	0.31	0.4	0.26	0.47	0.42	0.61	0.19	-0.11
Total Liab	0.71	0.89	0.96	0.3	0.67	0.07	-0.71	0.77	0.31	0.67	0.41	0.35	0.24	0.74	0.45	0.89	0.69		0.23	0.68	0.59	0.42	0.6	0.72	0.51	-0.14
Property Plant And Equipment Gross	0.2	0.12	0.31	0.12	0.8	0.2	-0.62	0.57	0.02	0.12	0.82	0.79	0.03	0.7	-0.04	0.05	0.31	0.23		0.23	0.13	0.13	0.17	0.65	0.18	-0.18
Total Current Assets	0.98	0.63	0.71	0.88	0.62	-0.59	-0.34	0.57	0.87	0.81	0.21	0.24	0.82	0.6	-0.09	0.52	0.4	0.68	0.23		0.62	0.02	0.52	0.64	0.72	0.48
Short Term Debt	0.67	0.69	0.65	0.52	0.31	-0.18	-0.1	0.3	0.51	0.68	0.18	0.18	0.5	0.43	0.03	0.38	0.26	0.59	0.13	0.62		-0.04	0.69	0.35	0.19	0.42
Other Current Liab	0.05	0.17	0.4	-0.21	0.31	0.16	-0.53	0.18	-0.14	0.11	0.08	-0.11	-0.16	0.19	0.72	0.38	0.47	0.42	0.13	0.02	-0.04		0.08	0.15	0.06	-0.21
Current Deferred Revenue	0.49	0.46	0.69	0.28	0.51	-0.09	-0.42	0.54	0.32	0.37	0.32	0.25	0.31	0.57	0.22	0.32	0.42	0.6	0.17	0.52	0.69	0.08		0.4	0.31	0.2
Inventory	0.58	0.55	0.76	0.32	0.87	0.08	-0.78	0.93	0.25	0.39	0.83	0.82	0.2	0.94	0.08	0.54	0.61	0.72	0.65	0.64	0.35	0.15	0.4		0.53	-0.24
Other Current Assets	0.64	0.42	0.48	0.53	0.56	-0.36	-0.35	0.57	0.56	0.38	0.14	0.18	0.5	0.52	0.01	0.47	0.19	0.51	0.18	0.72	0.19	0.06	0.31	0.53		0.11
Short Term Investments	0.49	-0.06	-0.07	0.76	-0.12	-0.86	0.44	-0.35	0.8	0.46	-0.44	-0.38	0.85	-0.25	-0.36	-0.23	-0.11	-0.14	-0.18	0.48	0.42	-0.21	0.2	-0.24	0.11

Click cells to compare fundamentals

Westport Fuel Account Relationship Matchups

Westport Fuel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	279.9M	346.3M	471.3M	407.5M	355.7M	219.4M
Short Long Term Debt Total	66.4M	113.4M	97.9M	76.4M	82.8M	46.0M
Total Current Liabilities	114.6M	147.0M	146.4M	135.5M	134.8M	68.1M
Total Stockholder Equity	89.4M	104.1M	236.4M	204.0M	160.4M	106.9M
Property Plant And Equipment Net	76.4M	85.5M	93.3M	86.4M	92.4M	97.0M
Net Debt	22.7M	49.1M	(27.0M)	(9.8M)	28.1M	29.5M
Retained Earnings	(998.3M)	(1.0B)	(992.0M)	(1.0B)	(1.1B)	(1.0B)
Accounts Payable	60.2M	84.6M	99.2M	98.9M	70.6M	74.1M
Cash	43.7M	64.3M	124.9M	86.2M	54.8M	54.4M
Non Current Assets Total	111.7M	128.4M	132.7M	130.2M	139.0M	76.3M
Non Currrent Assets Other	6.7M	11.6M	11.6M	18.0M	19.8M	20.7M
Other Assets	(1K)	13.8M	23.3M	28.5M	32.7M	34.4M
Cash And Short Term Investments	43.7M	64.3M	124.9M	86.2M	54.8M	68.1M
Net Receivables	67.0M	90.5M	101.5M	101.6M	88.1M	92.5M
Common Stock Shares Outstanding	144.1M	137.1M	16.2M	17.1M	17.2M	30.6M
Liabilities And Stockholders Equity	279.9M	346.3M	471.3M	407.5M	355.7M	219.4M
Non Current Liabilities Total	76.0M	95.2M	88.4M	68.0M	60.5M	44.4M
Other Stockholder Equity	16.9M	19.2M	19.9M	20.7M	21.2M	20.1M
Total Liab	190.6M	242.2M	234.9M	203.5M	195.3M	112.5M
Property Plant And Equipment Gross	76.4M	85.5M	93.3M	86.4M	192.7M	202.3M
Total Current Assets	168.2M	217.9M	338.6M	277.2M	216.8M	143.2M
Short Term Debt	18.0M	44.2M	28.4M	24.2M	32.6M	16.3M
Other Current Liab	67.5M	20.4M	15.3M	8.0M	29.3M	18.4M
Current Deferred Revenue	2.7M	8.0M	3.5M	4.4M	2.4M	2.1M
Inventory	47.8M	51.4M	83.1M	81.6M	67.5M	70.9M
Other Current Assets	9.7M	11.8M	29.0M	7.9M	6.4M	6.2M
Accumulated Other Comprehensive Income	(23.9M)	(24.5M)	(33.5M)	(35.3M)	(30.8M)	(29.3M)
Intangible Assets	13.1M	11.8M	9.3M	7.8M	6.8M	12.0M
Common Stock Total Equity	1.1B	1.1B	1.1B	1.1B	1.3B	835.8M
Common Stock	1.1B	1.1B	1.2B	1.2B	1.2B	935.5M
Good Will	3.1M	3.4M	3.1M	3.0M	3.1M	2.9M
Other Liab	27.5M	26.0M	19.0M	15.7M	14.1M	21.8M
Net Tangible Assets	73.2M	88.9M	224.0M	193.2M	222.2M	133.2M
Long Term Debt	46.6M	52.5M	44.0M	32.2M	31.0M	36.7M
Long Term Investments	10.6M	14.0M	3.8M	4.6M	5.4M	5.1M
Short Long Term Debt	13.0M	38.9M	23.7M	20.8M	29.3M	20.8M
Property Plant Equipment	76.4M	85.5M	93.3M	86.4M	99.3M	76.7M
Long Term Debt Total	47.6M	54.2M	49.9M	36.5M	32.9M	41.5M

Pair Trading with Westport Fuel

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 Westport Fuel 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 Westport Fuel will appreciate offsetting losses from the drop in the long position's value.

Moving together with Westport Stock

0.81

SEC

Senvest Capital

Pair Corr

Moving against Westport Stock

0.84	RY	Royal Bank	Pair Corr
0.84	NA	National Bank	Pair Corr
0.81	BMO	Bank of Montreal	Pair Corr
0.59	BMO-PE	Bank of Montreal	Pair Corr
0.5	RY-PS	Royal Bank	Pair Corr

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

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

When determining whether Westport Fuel Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Westport Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Westport Fuel Systems Stock. Highlighted below are key reports to facilitate an investment decision about Westport Fuel Systems Stock:

How To Invest In Westport

Details

Is Westport Stock a good investment?

Details

What is Westport Fuel's Net Worth?

Details

Largest Construction Machinery & Heavy Transportation Equipment Companies

View

Largest Capital Goods Companies

View

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westport Fuel Systems. 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.

You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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

Westport Net Receivables vs Retained Earnings Analysis

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Receivables

Retained Earnings

Westport Fuel fundamental ratios Correlations

Westport Fuel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Westport Fuel fundamental ratios Accounts

Pair Trading with Westport Fuel

Moving together with Westport Stock

Moving against Westport Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 0.99	Cash
Total Current Assets	+ 0.98	Total Assets
Cash	+ 0.97	Total Stockholder Equity
Net Receivables	+ 0.97	Accounts Payable
Total Liab	+ 0.96	Total Current Liabilities
Cash And Short Term Investments	+ 0.96	Total Stockholder Equity

Cash And Short Term Investments	- 0.88	Net Debt
Short Term Investments	- 0.86	Net Debt
Cash	- 0.86	Net Debt
Accounts Payable	- 0.85	Retained Earnings
Retained Earnings	- 0.85	Property Plant And Equipment Net
Net Receivables	- 0.81	Retained Earnings