Helmerich Tax Provision vs Total Revenue Analysis
HP Stock | USD 38.74 0.25 0.65% |
Helmerich financial indicator trend analysis is much more than just examining Helmerich and Payne latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Helmerich and Payne is a good investment. Please check the relationship between Helmerich Tax Provision and its Total Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Helmerich and Payne. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Tax Provision vs Total Revenue
Tax Provision vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Helmerich and Payne Tax Provision account and Total Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between Helmerich's Tax Provision and Total Revenue is 0.34. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Helmerich and Payne, assuming nothing else is changed. The correlation between historical values of Helmerich's Tax Provision and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Helmerich and Payne are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Tax Provision i.e., Helmerich's Tax Provision and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Total Revenue
Total revenue comprises all receipts Helmerich and Payne generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from Helmerich's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Helmerich and Payne 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Helmerich and Payne. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. As of 05/21/2024, Selling General Administrative is likely to grow to about 249.5 M. Also, Discontinued Operations is likely to grow to about 484.2 K
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 1.8B | 2.1B | 2.4B | 2.5B | EBITDA | 425.8M | 953.6M | 1.1B | 1.2B |
Helmerich fundamental ratios Correlations
Click cells to compare fundamentals
Helmerich Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Helmerich fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.8B | 5.0B | 4.4B | 4.4B | 5.0B | 3.1B | |
Short Long Term Debt Total | 480.7M | 1.0B | 555.0M | 600.0M | 689.9M | 724.4M | |
Other Current Liab | 156.3M | 297.6M | 226.7M | 240.6M | 276.7M | 290.5M | |
Total Current Liabilities | 219.1M | 866.3M | 394.8M | 418.9M | 481.8M | 505.9M | |
Total Stockholder Equity | 3.3B | 2.9B | 2.8B | 2.8B | 3.2B | 2.1B | |
Property Plant And Equipment Net | 3.6B | 3.2B | 3.0B | 3.0B | 3.4B | 2.3B | |
Net Debt | (7.2M) | 107.9M | 322.9M | 342.8M | 394.2M | 413.9M | |
Retained Earnings | 3.0B | 2.6B | 2.5B | 2.7B | 3.1B | 1.9B | |
Cash | 487.9M | 917.5M | 232.1M | 257.2M | 295.8M | 224.2M | |
Non Current Assets Total | 3.9B | 3.4B | 3.4B | 3.4B | 3.9B | 2.5B | |
Non Currrent Assets Other | 188.4M | (547.3M) | (516.8M) | (485.7M) | (437.2M) | (415.3M) | |
Cash And Short Term Investments | 577.2M | 1.1B | 349.2M | 350.8M | 403.4M | 246.1M | |
Net Receivables | 195.0M | 228.9M | 458.7M | 438.9M | 504.7M | 267.5M | |
Common Stock Shares Outstanding | 108.0M | 107.8M | 106.6M | 102.9M | 92.6M | 91.5M | |
Liabilities And Stockholders Equity | 4.8B | 5.0B | 4.4B | 4.4B | 5.0B | 3.1B | |
Non Current Liabilities Total | 1.3B | 1.3B | 1.2B | 1.2B | 1.4B | 775.1M | |
Inventory | 104.2M | 84.1M | 88.0M | 94.2M | 108.4M | 54.9M | |
Other Current Assets | 386.1M | 20.8M | 17.8M | 2.0M | 2.3M | 2.2M | |
Other Stockholder Equity | 323.5M | 348.3M | 292.8M | 61.0M | 70.1M | 66.6M | |
Total Liab | 1.5B | 2.1B | 1.6B | 1.6B | 1.9B | 1.0B | |
Total Current Assets | 963.3M | 1.6B | 1.0B | 1.0B | 1.2B | 625.9M | |
Short Term Debt | 11.4M | 483.5M | 12.4M | 13.8M | 15.8M | 15.0M | |
Accounts Payable | 36.5M | 72.0M | 127.0M | 130.9M | 150.5M | 82.9M | |
Property Plant And Equipment Gross | 3.7B | 3.2B | 3.0B | 7.6B | 8.7B | 9.2B | |
Accumulated Other Comprehensive Income | (26.2M) | (20.2M) | (12.1M) | (8.0M) | (9.2M) | (9.6M) | |
Common Stock Total Equity | 11.2M | 11.2M | 11.2M | 11.2M | 12.9M | 10.3M | |
Common Stock | 11.2M | 11.2M | 11.2M | 11.2M | 12.9M | 10.3M | |
Other Liab | 777.4M | 713.2M | 625.3M | 604.9M | 695.6M | 446.7M | |
Other Assets | 17.1M | 16.2M | 20.9M | 32.1M | 36.9M | 38.7M | |
Long Term Debt | 480.7M | 542.0M | 542.6M | 545.1M | 626.9M | 356.9M | |
Treasury Stock | (173.2M) | (195.0M) | (198.2M) | (181.6M) | (163.5M) | (155.3M) | |
Property Plant Equipment | 3.6B | 3.2B | 3.0B | 3.0B | 3.4B | 3.4B | |
Short Term Investments | 89.3M | 198.7M | 117.1M | 93.6M | 107.6M | 113.0M | |
Net Tangible Assets | 3.3B | 2.8B | 2.8B | 2.7B | 2.4B | 3.0B | |
Retained Earnings Total Equity | 3.7B | 3.0B | 2.6B | 2.5B | 2.8B | 3.5B | |
Long Term Debt Total | 480.7M | 542.0M | 542.6M | 545.1M | 626.9M | 459.7M | |
Capital Surpluse | 521.6M | 529.9M | 528.3M | 525.4M | 604.2M | 438.1M | |
Deferred Long Term Liab | 806.6M | 650.7M | 563.4M | 537.7M | 483.9M | 699.5M | |
Long Term Investments | 31.6M | 135.4M | 219.0M | 264.9M | 238.5M | 162.7M |
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Is Helmerich's industry 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 Helmerich. If investors know Helmerich 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 Helmerich 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 (0.46) | Dividend Share 1 | Earnings Share 3.49 | Revenue Per Share 27.592 | Quarterly Revenue Growth (0.11) |
The market value of Helmerich and Payne is measured differently than its book value, which is the value of Helmerich that is recorded on the company's balance sheet. Investors also form their own opinion of Helmerich's value that differs from its market value or its book value, called intrinsic value, which is Helmerich's 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 Helmerich's market value can be influenced by many factors that don't directly affect Helmerich's 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 Helmerich's value and its price as these two are different measures arrived at by different means. Investors typically determine if Helmerich is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Helmerich'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.