Oil Payables Turnover from 2010 to 2024
| OIS Stock | USD 3.96 0.06 1.49% |
Payables Turnover | First Reported 2010-12-31 | Previous Quarter 9.88461197 | Current Value 7.7 | Quarterly Volatility 3.07761566 |
Check Oil States financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Oil States' main balance sheet or income statement drivers, such as Interest Expense of 17.6 M, Total Revenue of 1.5 B or Gross Profit of 108.9 M, as well as many indicators such as Price To Sales Ratio of 0.78, Dividend Yield of 0.0039 or PTB Ratio of 0.57. Oil financial statements analysis is a perfect complement when working with Oil States Valuation or Volatility modules.
Oil | Payables Turnover |
Latest Oil States' Payables Turnover Growth Pattern
Below is the plot of the Payables Turnover of Oil States International over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. Oil States' Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Oil States' overall financial position and show how it may be relating to other accounts over time.
| Payables Turnover | 10 Years Trend |
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Payables Turnover |
| Timeline |
Oil Payables Turnover Regression Statistics
| Arithmetic Mean | 11.77 | |
| Geometric Mean | 11.40 | |
| Coefficient Of Variation | 26.15 | |
| Mean Deviation | 2.33 | |
| Median | 12.21 | |
| Standard Deviation | 3.08 | |
| Sample Variance | 9.47 | |
| Range | 11.4214 | |
| R-Value | (0.26) | |
| Mean Square Error | 9.53 | |
| R-Squared | 0.07 | |
| Significance | 0.36 | |
| Slope | (0.18) | |
| Total Sum of Squares | 132.60 |
Oil Payables Turnover History
About Oil States Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Oil States income statement, its balance sheet, and the statement of cash flows. Oil States investors use historical funamental indicators, such as Oil States's Payables Turnover, to determine how well the company is positioned to perform in the future. Although Oil States investors may use each financial statement separately, they are all related. The changes in Oil States's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Oil States's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Oil States Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Oil States. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Payables Turnover | 9.88 | 7.70 |
Pair Trading with Oil States
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 Oil States 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 Oil States will appreciate offsetting losses from the drop in the long position's value.Moving together with Oil Stock
Moving against Oil Stock
| 0.77 | DTI | Drilling Tools Inter Symbol Change | PairCorr |
| 0.69 | DWSN | Dawson Geophysical Earnings Call Tomorrow | PairCorr |
| 0.67 | VTOL | Bristow Group | PairCorr |
| 0.47 | FTK | Flotek Industries | PairCorr |
| 0.44 | NR | Newpark Resources | PairCorr |
The ability to find closely correlated positions to Oil States could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oil States 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 Oil States - 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 Oil States International to buy it.
The correlation of Oil States 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 Oil States moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oil States International 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 Oil States 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.Additional Tools for Oil Stock Analysis
When running Oil States' price analysis, check to measure Oil States' 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 Oil States is operating at the current time. Most of Oil States' value examination focuses on studying past and present price action to predict the probability of Oil States' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oil States' price. Additionally, you may evaluate how the addition of Oil States to your portfolios can decrease your overall portfolio volatility.