Patterson Good Will vs Capital Stock Analysis
PTEN Stock | USD 11.25 0.01 0.09% |
Patterson UTI financial indicator trend analysis is much more than just breaking down Patterson UTI Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patterson UTI Energy is a good investment. Please check the relationship between Patterson UTI Good Will and its Capital Stock accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson UTI Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Good Will vs Capital Stock
Good Will vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patterson UTI Energy Good Will account and Capital Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Patterson UTI's Good Will and Capital Stock is 0.76. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Patterson UTI Energy, assuming nothing else is changed. The correlation between historical values of Patterson UTI's Good Will and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Patterson UTI Energy are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Good Will i.e., Patterson UTI's Good Will and Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.Most indicators from Patterson UTI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patterson UTI Energy 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 Patterson UTI Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. At this time, Patterson UTI's Selling General Administrative is very stable compared to the past year. As of the 28th of April 2024, Tax Provision is likely to grow to about 40 M, while Discontinued Operations is likely to drop about 2 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 93.1M | 104.0M | 170.8M | 133.2M | Cost Of Revenue | 1.9B | 2.3B | 3.5B | 3.7B |
Patterson UTI fundamental ratios Correlations
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Patterson UTI Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Patterson UTI fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.4B | 3.3B | 3.0B | 3.1B | 7.4B | 7.8B | |
Short Long Term Debt Total | 1.0B | 927.7M | 877.3M | 855.7M | 1.3B | 1.4B | |
Other Current Liab | 220.2M | 174.4M | 178.5M | 198.6M | 347.4M | 364.7M | |
Total Current Liabilities | 400.6M | 273.7M | 435.9M | 551.0M | 1.1B | 1.1B | |
Total Stockholder Equity | 2.8B | 2.0B | 1.6B | 1.7B | 4.8B | 5.1B | |
Property Plant And Equipment Net | 3.3B | 2.8B | 2.4B | 2.3B | 3.5B | 2.0B | |
Net Debt | 828.9M | 702.8M | 759.8M | 718.1M | 1.2B | 1.2B | |
Retained Earnings | 1.3B | 472.0M | (198.3M) | (87.4M) | 57.0M | 54.2M | |
Accounts Payable | 170.5M | 91.6M | 190.2M | 237.1M | 534.4M | 561.1M | |
Cash | 174.2M | 224.9M | 117.5M | 137.6M | 192.7M | 202.3M | |
Non Current Assets Total | 3.8B | 2.8B | 2.4B | 2.3B | 5.9B | 6.2B | |
Non Currrent Assets Other | 17.8M | 11.4M | 11.1M | 10.9M | 19.4M | 20.4M | |
Cash And Short Term Investments | 174.2M | 224.9M | 117.5M | 137.6M | 192.7M | 202.3M | |
Net Receivables | 346.1M | 164.6M | 356.2M | 565.9M | 1.0B | 1.1B | |
Common Stock Shares Outstanding | 203.0M | 188.0M | 195.0M | 219.5M | 280.1M | 153.1M | |
Liabilities And Stockholders Equity | 4.4B | 3.3B | 3.0B | 3.1B | 7.4B | 7.8B | |
Non Current Liabilities Total | 1.2B | 1.0B | 912.5M | 927.3M | 1.5B | 1.6B | |
Inventory | 36.4M | 33.1M | 42.4M | 58.0M | 180.8M | 189.8M | |
Other Current Assets | 75.2M | 55.3M | 67.6M | 67.9M | 83.2M | 41.9M | |
Other Stockholder Equity | 1.5B | 1.5B | 1.8B | 1.7B | 4.7B | 5.0B | |
Total Liab | 1.6B | 1.3B | 1.3B | 1.5B | 2.6B | 2.7B | |
Property Plant And Equipment Gross | 3.3B | 2.8B | 8.2B | 8.0B | 9.3B | 9.8B | |
Total Current Assets | 631.8M | 478.0M | 583.7M | 829.4M | 1.5B | 1.6B | |
Accumulated Other Comprehensive Income | 5.5M | 5.4M | 5.9M | (467.9M) | 472K | 495.6K | |
Intangible Assets | 71.4M | 30.1M | 7.5M | 5.8M | 1.1B | 1.1B | |
Common Stock Total Equity | 2.7M | 2.7M | 3.0M | 3.0M | 3.5M | 2.0M | |
Common Stock | 2.7M | 2.7M | 3.0M | 3.0M | 5.2M | 5.4M | |
Other Liab | 212.2M | 88.7M | 42.1M | 76.8M | 88.3M | 130.0M | |
Other Assets | 25.8M | 30.0M | 15.9M | 27.1M | (1.5B) | (1.4B) | |
Long Term Debt | 966.5M | 901.5M | 852.3M | 830.9M | 1.2B | 707.4M | |
Good Will | 410.8M | 372.6M | 30.1M | 0.0 | 1.4B | 1.4B | |
Treasury Stock | (1.3B) | (1.4B) | (1.4B) | (1.5B) | (1.3B) | (1.2B) | |
Property Plant Equipment | 3.3B | 2.8B | 2.3B | 2.3B | 2.6B | 2.6B | |
Net Tangible Assets | 2.4B | 2.0B | 1.7B | 1.7B | 1.5B | 1.9B | |
Capital Surpluse | 2.9B | 2.9B | 3.2B | 3.2B | 3.7B | 2.0B |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson UTI Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Patterson UTI Energy information on this page should be used as a complementary analysis to other Patterson UTI's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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When running Patterson UTI's price analysis, check to measure Patterson UTI'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 Patterson UTI is operating at the current time. Most of Patterson UTI's value examination focuses on studying past and present price action to predict the probability of Patterson UTI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patterson UTI's price. Additionally, you may evaluate how the addition of Patterson UTI to your portfolios can decrease your overall portfolio volatility.
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Is Patterson UTI'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 Patterson UTI. If investors know Patterson 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 Patterson UTI 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 (0.68) | Dividend Share 0.32 | Earnings Share 0.88 | Revenue Per Share 14.835 | Quarterly Revenue Growth 1.009 |
The market value of Patterson UTI Energy is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson UTI's value that differs from its market value or its book value, called intrinsic value, which is Patterson UTI'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 Patterson UTI's market value can be influenced by many factors that don't directly affect Patterson UTI'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 Patterson UTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson UTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson UTI'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.