Forum Total Current Assets vs Net Working Capital Analysis

FET Stock

USD 16.77 0.38 2.22%

Forum Energy financial indicator trend analysis is much more than just examining Forum Energy Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forum Energy Technologies is a good investment. Please check the relationship between Forum Energy Total Current Assets and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forum Energy Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Total Current Assets vs Net Working Capital

Total Current Assets vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forum Energy Technologies Total Current Assets account and Net Working Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between Forum Energy's Total Current Assets and Net Working Capital is 0.65. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Forum Energy Technologies, assuming nothing else is changed. The correlation between historical values of Forum Energy's Total Current Assets and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Forum Energy Technologies are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Current Assets i.e., Forum Energy's Total Current Assets and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.65

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Net Working Capital

Most indicators from Forum Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forum Energy Technologies 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forum Energy Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Forum Energy's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 6.85 in 2024, whereas Selling General Administrative is likely to drop slightly above 180 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	32M	31.5M	18.3M	28.0M
Depreciation And Amortization	42.2M	37.1M	34.7M	59.3M

Interest Expense Depreciation And Amortization

Forum Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Common Stock Shares Outstanding		-0.25	-0.36	-0.23	0.06	-0.21	0.12	0.0	-0.33	-0.52	0.48	0.02	-0.33	-0.13	0.02	-0.01	-0.43	-0.17	-0.36	0.09	-0.12	0.81	-0.28	0.74	0.01	-0.42
Total Assets	-0.25		0.76	0.47	0.51	0.97	0.68	0.39	0.6	0.89	0.33	0.24	0.97	0.18	0.24	0.7	0.94	0.84	0.82	0.83	0.59	-0.24	0.82	0.19	0.93	-0.29
Short Long Term Debt Total	-0.36	0.76		0.69	0.53	0.61	0.45	0.12	0.92	0.67	0.25	-0.04	0.77	0.09	-0.04	0.63	0.77	0.74	0.97	0.61	0.27	-0.38	0.96	-0.04	0.67	-0.25
Other Current Liab	-0.23	0.47	0.69		0.81	0.3	0.18	0.48	0.78	0.42	0.25	-0.4	0.46	0.27	-0.4	0.8	0.51	0.38	0.68	0.42	0.62	-0.4	0.79	-0.12	0.5	-0.09
Total Current Liabilities	0.06	0.51	0.53	0.81		0.38	0.23	0.62	0.67	0.37	0.67	-0.5	0.48	0.39	-0.5	0.92	0.49	0.42	0.49	0.57	0.63	-0.12	0.7	0.16	0.59	-0.04
Total Stockholder Equity	-0.21	0.97	0.61	0.3	0.38		0.68	0.39	0.41	0.88	0.28	0.36	0.94	0.18	0.36	0.6	0.91	0.79	0.68	0.79	0.58	-0.19	0.67	0.23	0.9	-0.25
Property Plant And Equipment Net	0.12	0.68	0.45	0.18	0.23	0.68		0.12	0.31	0.39	0.39	0.26	0.57	-0.03	0.26	0.42	0.52	0.79	0.56	0.87	0.32	0.27	0.53	0.54	0.78	-0.52
Current Deferred Revenue	0.0	0.39	0.12	0.48	0.62	0.39	0.12		0.18	0.34	0.16	-0.2	0.35	0.85	-0.2	0.54	0.39	0.22	0.12	0.44	0.78	-0.1	0.28	0.03	0.44	0.18
Net Debt	-0.33	0.6	0.92	0.78	0.67	0.41	0.31	0.18		0.51	0.33	-0.42	0.61	0.14	-0.42	0.72	0.62	0.56	0.87	0.54	0.3	-0.43	0.91	-0.05	0.51	-0.08
Retained Earnings	-0.52	0.89	0.67	0.42	0.37	0.88	0.39	0.34	0.51		0.01	0.22	0.94	0.2	0.22	0.55	0.97	0.71	0.71	0.53	0.54	-0.58	0.69	-0.04	0.73	0.01
Accounts Payable	0.48	0.33	0.25	0.25	0.67	0.28	0.39	0.16	0.33	0.01		-0.27	0.24	-0.07	-0.27	0.62	0.15	0.33	0.23	0.57	0.16	0.42	0.38	0.49	0.46	-0.35
Cash	0.02	0.24	-0.04	-0.4	-0.5	0.36	0.26	-0.2	-0.42	0.22	-0.27		0.21	-0.16	1.0	-0.4	0.17	0.25	0.03	0.06	-0.16	0.2	-0.12	0.06	0.25	-0.38
Non Current Assets Total	-0.33	0.97	0.77	0.46	0.48	0.94	0.57	0.35	0.61	0.94	0.24	0.21		0.18	0.21	0.67	0.98	0.82	0.82	0.71	0.55	-0.33	0.82	0.09	0.88	-0.24
Non Currrent Assets Other	-0.13	0.18	0.09	0.27	0.39	0.18	-0.03	0.85	0.14	0.2	-0.07	-0.16	0.18		-0.16	0.19	0.24	0.15	0.02	0.26	0.41	-0.15	0.13	-0.1	0.19	0.4
Cash And Short Term Investments	0.02	0.24	-0.04	-0.4	-0.5	0.36	0.26	-0.2	-0.42	0.22	-0.27	1.0	0.21	-0.16		-0.4	0.17	0.25	0.03	0.06	-0.16	0.2	-0.12	0.06	0.25	-0.38
Net Receivables	-0.01	0.7	0.63	0.8	0.92	0.6	0.42	0.54	0.72	0.55	0.62	-0.4	0.67	0.19	-0.4		0.66	0.53	0.65	0.7	0.76	-0.19	0.8	0.24	0.73	-0.15
Good Will	-0.43	0.94	0.77	0.51	0.49	0.91	0.52	0.39	0.62	0.97	0.15	0.17	0.98	0.24	0.17	0.66		0.82	0.81	0.67	0.58	-0.47	0.81	0.05	0.84	-0.11
Common Stock Total Equity	-0.17	0.84	0.74	0.38	0.42	0.79	0.79	0.22	0.56	0.71	0.33	0.25	0.82	0.15	0.25	0.53	0.82		0.79	0.83	0.34	-0.05	0.77	0.26	0.89	-0.39
Non Current Liabilities Total	-0.36	0.82	0.97	0.68	0.49	0.68	0.56	0.12	0.87	0.71	0.23	0.03	0.82	0.02	0.03	0.65	0.81	0.79		0.67	0.35	-0.34	0.97	-0.03	0.75	-0.38
Inventory	0.09	0.83	0.61	0.42	0.57	0.79	0.87	0.44	0.54	0.53	0.57	0.06	0.71	0.26	0.06	0.7	0.67	0.83	0.67		0.51	0.13	0.72	0.46	0.9	-0.39
Other Current Assets	-0.12	0.59	0.27	0.62	0.63	0.58	0.32	0.78	0.3	0.54	0.16	-0.16	0.55	0.41	-0.16	0.76	0.58	0.34	0.35	0.51		-0.23	0.47	0.09	0.62	0.03
Other Stockholder Equity	0.81	-0.24	-0.38	-0.4	-0.12	-0.19	0.27	-0.1	-0.43	-0.58	0.42	0.2	-0.33	-0.15	0.2	-0.19	-0.47	-0.05	-0.34	0.13	-0.23		-0.31	0.49	0.02	-0.57
Total Liab	-0.28	0.82	0.96	0.79	0.7	0.67	0.53	0.28	0.91	0.69	0.38	-0.12	0.82	0.13	-0.12	0.8	0.81	0.77	0.97	0.72	0.47	-0.31		0.02	0.79	-0.33
Property Plant And Equipment Gross	0.74	0.19	-0.04	-0.12	0.16	0.23	0.54	0.03	-0.05	-0.04	0.49	0.06	0.09	-0.1	0.06	0.24	0.05	0.26	-0.03	0.46	0.09	0.49	0.02		0.36	-0.24
Total Current Assets	0.01	0.93	0.67	0.5	0.59	0.9	0.78	0.44	0.51	0.73	0.46	0.25	0.88	0.19	0.25	0.73	0.84	0.89	0.75	0.9	0.62	0.02	0.79	0.36		-0.46
Short Term Debt	-0.42	-0.29	-0.25	-0.09	-0.04	-0.25	-0.52	0.18	-0.08	0.01	-0.35	-0.38	-0.24	0.4	-0.38	-0.15	-0.11	-0.39	-0.38	-0.39	0.03	-0.57	-0.33	-0.24	-0.46

Click cells to compare fundamentals

Forum Energy Account Relationship Matchups

Forum Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	5.5M	5.6M	5.6M	6.0M	10.2M	5.4M
Total Assets	1.2B	889.9M	791.3M	831.3M	821.1M	1.2B
Short Long Term Debt Total	399.6M	294.7M	233.3M	239.9M	201.4M	303.8M
Other Current Liab	86.7M	67.6M	58.4M	76.7M	53.3M	63.8M
Total Current Liabilities	196.9M	124.9M	175.7M	210.5M	204.3M	158.9M
Total Stockholder Equity	486M	406.2M	329.1M	307.1M	412.6M	655.0M
Property Plant And Equipment Net	203.5M	145.2M	119.4M	116.8M	134.3M	165.1M
Current Deferred Revenue	10.8M	9.7M	17.0M	14.7M	14.8M	13.0M
Net Debt	341.7M	166.1M	186.4M	188.9M	155.2M	247.2M
Retained Earnings	(503.4M)	(601.7M)	(684.3M)	(680.6M)	(699.5M)	(664.5M)
Accounts Payable	98.7M	46.4M	99.4M	118.3M	125.9M	106.9M
Cash	57.9M	128.6M	46.9M	51M	46.2M	77.9M
Non Current Assets Total	494.1M	399.7M	344.6M	318.4M	291.5M	276.9M
Non Currrent Assets Other	18.3M	14.1M	7.8M	9.9M	6.3M	6.0M
Cash And Short Term Investments	57.9M	128.6M	46.9M	51M	46.2M	77.9M
Net Receivables	216.1M	154.2M	80.6M	123.9M	161.9M	138.8M
Good Will	272.3M	(44K)	(5K)	19K	17.1K	16.2K
Common Stock Total Equity	1.2M	1.2M	60K	61K	70.2K	66.6K
Liabilities And Stockholders Equity	1.2B	889.9M	791.3M	831.3M	821.1M	1.2B
Non Current Liabilities Total	477.1M	358.8M	286.5M	313.7M	204.1M	350.7M
Inventory	414.6M	251.7M	241.7M	269.8M	299.6M	380.4M
Other Current Assets	39.2M	29.3M	34.2M	37.9M	21.9M	20.8M
Other Stockholder Equity	1.1B	1.1B	1.1B	1.1B	1.2B	935.1M
Total Liab	674M	483.7M	462.2M	524.2M	408.4M	509.6M
Property Plant And Equipment Gross	203.5M	145.2M	119.4M	116.8M	291.1M	177.8M
Total Current Assets	665.9M	490.2M	446.7M	512.9M	529.6M	505.0M
Accumulated Other Comprehensive Income	(108.9M)	(100.4M)	(101.0M)	(127.5M)	(115.2M)	(109.5M)
Short Term Debt	1.2M	700K	1.3M	900K	10.4M	10.9M
Intangible Assets	272.3M	240.4M	217.4M	191.5M	168.0M	263.4M
Common Stock	1.2M	60K	61K	62K	109K	103.6K
Other Liab	28.3M	65.4M	54.1M	13.7M	15.7M	14.9M
Other Assets	18.3M	45.6M	7.8M	10.1M	11.6M	16.9M
Long Term Debt	398.9M	293.4M	232.4M	239.1M	129.6M	123.1M
Treasury Stock	(134.4M)	(134.5M)	(134.5M)	(135.6M)	(122.0M)	(128.1M)
Property Plant Equipment	203.5M	145.2M	119.4M	116.8M	134.3M	172.4M
Net Tangible Assets	213.7M	165.8M	111.7M	115.6M	104.0M	181.3M
Retained Earnings Total Equity	63.7M	(503.4M)	(601.7M)	(684.3M)	(615.9M)	(585.1M)
Long Term Debt Total	398.9M	293.4M	232.4M	239.1M	215.2M	314.3M

Pair Trading with Forum Energy

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 Forum Energy 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 Forum Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Forum Stock

0.67

Tenaris SA ADR

Pair Corr

Moving against Forum Stock

0.62	FTK	Flotek Industries	Pair Corr
0.6	VTOL	Bristow Group	Pair Corr
0.56	NR	Newpark Resources	Pair Corr
0.56	DWSN	Dawson Geophysical Earnings Call This Week	Pair Corr
0.4	CLB	Core Laboratories	Pair Corr

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

The correlation of Forum Energy 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 Forum Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Forum Energy Technologies 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 Forum Energy 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 Forum Stock Analysis

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

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