APA Operating Income vs Inventory Turnover Analysis

APA Stock  USD 33.71  0.83  2.52%   
APA financial indicator trend analysis is way more than just evaluating APA Corporation prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether APA Corporation is a good investment. Please check the relationship between APA Operating Income and its Inventory Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in APA Corporation. 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.

Operating Income vs Inventory Turnover

Operating Income vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of APA Corporation Operating Income account and Inventory Turnover. At this time, the significance of the direction appears to have pay attention.
The correlation between APA's Operating Income and Inventory Turnover is -0.87. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of APA Corporation, assuming nothing else is changed. The correlation between historical values of APA's Operating Income and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of APA Corporation are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Operating Income i.e., APA's Operating Income and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.87
Relationship DirectionNegative 
Relationship StrengthSignificant

Operating Income

Operating Income is the amount of profit realized from APA Corporation operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of APA Corporation is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Most indicators from APA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into APA Corporation 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in APA Corporation. 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.
The current year's Issuance Of Capital Stock is expected to grow to about 1.2 M, whereas Selling General Administrative is forecasted to decline to about 231.5 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses620M1.0B851M1.7B
Cost Of Revenue4.4B4.8B4.1B3.2B

APA fundamental ratios Correlations

0.690.850.920.981.00.670.930.31.00.680.30.910.530.930.880.90.660.950.710.920.330.90.150.210.43
0.690.570.630.570.670.980.40.420.680.720.420.610.860.870.850.740.920.850.30.750.370.670.530.650.6
0.850.570.910.860.850.580.810.170.860.670.170.890.510.780.780.90.580.820.550.730.050.830.090.180.28
0.920.630.910.90.910.640.840.170.920.640.170.990.580.850.860.90.610.90.780.850.110.880.290.320.52
0.980.570.860.90.980.540.980.280.980.60.280.890.390.850.790.870.540.880.680.870.280.850.00.050.32
1.00.670.850.910.980.650.940.291.00.650.290.90.50.920.850.890.640.940.70.910.340.880.110.180.41
0.670.980.580.640.540.650.390.230.670.690.230.610.820.870.840.730.850.840.310.680.340.630.530.630.57
0.930.40.810.840.980.940.390.180.930.510.180.830.20.750.680.780.360.780.690.780.260.78-0.15-0.130.19
0.30.420.170.170.280.290.230.180.270.371.00.190.420.310.320.330.610.29-0.030.540.240.390.180.270.33
1.00.680.860.920.981.00.670.930.270.670.270.910.510.930.870.890.640.950.710.910.320.890.130.20.42
0.680.720.670.640.60.650.690.510.370.670.370.630.570.790.790.830.660.780.290.750.250.780.190.320.47
0.30.420.170.170.280.290.230.181.00.270.370.190.420.310.320.330.610.29-0.030.540.240.390.180.270.33
0.910.610.890.990.890.90.610.830.190.910.630.190.60.850.880.880.630.90.760.840.080.890.310.330.57
0.530.860.510.580.390.50.820.20.420.510.570.420.60.710.750.620.940.70.310.650.180.640.780.890.69
0.930.870.780.850.850.920.870.750.310.930.790.310.850.710.950.90.80.990.590.920.430.880.350.440.59
0.880.850.780.860.790.850.840.680.320.870.790.320.880.750.950.870.810.960.610.860.210.890.450.50.67
0.90.740.90.90.870.890.730.780.330.890.830.330.880.620.90.870.730.920.510.870.250.850.150.270.5
0.660.920.580.610.540.640.850.360.610.640.660.610.630.940.80.810.730.780.260.760.270.710.590.720.66
0.950.850.820.90.880.940.840.780.290.950.780.290.90.70.990.960.920.780.640.930.380.90.350.420.59
0.710.30.550.780.680.70.310.69-0.030.710.29-0.030.760.310.590.610.510.260.640.660.160.710.340.30.39
0.920.750.730.850.870.910.680.780.540.910.750.540.840.650.920.860.870.760.930.660.440.910.330.40.57
0.330.370.050.110.280.340.340.260.240.320.250.240.080.180.430.210.250.270.380.160.440.220.070.110.21
0.90.670.830.880.850.880.630.780.390.890.780.390.890.640.880.890.850.710.90.710.910.220.370.430.47
0.150.530.090.290.00.110.53-0.150.180.130.190.180.310.780.350.450.150.590.350.340.330.070.370.950.61
0.210.650.180.320.050.180.63-0.130.270.20.320.270.330.890.440.50.270.720.420.30.40.110.430.950.62
0.430.60.280.520.320.410.570.190.330.420.470.330.570.690.590.670.50.660.590.390.570.210.470.610.62
Click cells to compare fundamentals

APA Account Relationship Matchups

APA fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.1B12.7B13.3B13.1B15.2B18.2B
Short Long Term Debt Total8.6B8.8B7.5B5.5B5.3B4.5B
Other Current Liab1.8B1.3B1.9B2.1B338M321.1M
Total Current Liabilities1.9B1.3B2.1B2.9B2.4B1.7B
Total Stockholder Equity3.3B(1.6B)(1.6B)423M2.7B2.5B
Property Plant And Equipment Net14.2B8.8B8.3B9.0B10.0B15.3B
Net Debt8.3B8.5B7.2B5.2B5.2B4.1B
Retained Earnings(5.6B)(10.5B)(9.5B)(5.8B)(3.0B)(2.8B)
Cash247M262M302M245M87M82.7M
Non Current Assets Total16.1B10.9B10.9B10.4B12.8B16.1B
Non Currrent Assets Other614M526M1.2B803M21M20.0M
Cash And Short Term Investments247M262M302M245M87M82.7M
Net Receivables1.1B908M1.4B1.5B1.6B1.1B
Liabilities And Stockholders Equity18.1B12.7B13.3B13.1B15.2B18.2B
Non Current Liabilities Total11.8B12.1B11.9B8.9B9.1B8.0B
Inventory502M492M473M427M453M303.3M
Other Current Assets1.7B1.6B2.1B2.5B224M212.8M
Other Stockholder Equity8.5B8.4B7.6B6.0B5.3B5.2B
Total Liab13.6B13.4B14.0B11.8B11.6B9.8B
Property Plant And Equipment Gross14.2B8.8B8.3B43.6B46.2B48.5B
Total Current Assets2.0B1.8B2.4B2.7B2.5B2.1B
Short Term Debt150M11M2M215M118M112.1M
Accounts Payable695M444M731M771M658M544.3M
Common Stock Total Equity259M260M261M262M301.3M247.6M
Common Stock259M260M261M262M263M252.5M
Other Liab2.4B2.7B3.7B3.3B3.8B2.8B
Other Assets730M2.1B4.7B3.9B4.5B4.7B
Long Term Debt8.6B8.8B7.3B5.5B5.2B6.7B
Property Plant Equipment14.2B43.0B40.5B41.2B47.4B28.9B
Current Deferred Revenue(695M)(444M)(731M)1.3B1.2B1.2B
Net Tangible Assets3.8B(1.0B)94M2.3B2.0B1.9B
Noncontrolling Interest In Consolidated Entity1.2B994M878M984M885.6M841.3M
Retained Earnings Total Equity(5.6B)(10.5B)(9.3B)(5.8B)(5.2B)(4.9B)

APA Investors Sentiment

The influence of APA's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in APA. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to APA's public news can be used to forecast risks associated with an investment in APA. The trend in average sentiment can be used to explain how an investor holding APA can time the market purely based on public headlines and social activities around APA Corporation. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
APA's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for APA's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average APA's news discussions. The higher the estimated score, the more favorable is the investor's outlook on APA.

APA Implied Volatility

    
  44.49  
APA's implied volatility exposes the market's sentiment of APA Corporation stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if APA's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that APA stock will not fluctuate a lot when APA's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards APA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, APA's short interest history, or implied volatility extrapolated from APA options trading.

Pair Trading with APA

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

Moving together with APA Stock

  0.71EP Empire Petroleum CorpPairCorr

Moving against APA Stock

  0.51HPKEW HighPeak EnergyPairCorr
The ability to find closely correlated positions to APA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace APA 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 APA - 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 APA Corporation to buy it.
The correlation of APA 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 APA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if APA Corporation 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 APA 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 CorrelationCorrelation Matching
When determining whether APA Corporation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of APA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Apa Corporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Apa Corporation Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in APA Corporation. 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.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for APA Stock analysis

When running APA's price analysis, check to measure APA'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 APA is operating at the current time. Most of APA's value examination focuses on studying past and present price action to predict the probability of APA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move APA's price. Additionally, you may evaluate how the addition of APA to your portfolios can decrease your overall portfolio volatility.
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Is APA'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 APA. If investors know APA 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 APA 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
3.272
Dividend Share
1
Earnings Share
9.25
Revenue Per Share
26.276
Quarterly Revenue Growth
(0.15)
The market value of APA Corporation is measured differently than its book value, which is the value of APA that is recorded on the company's balance sheet. Investors also form their own opinion of APA's value that differs from its market value or its book value, called intrinsic value, which is APA'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 APA's market value can be influenced by many factors that don't directly affect APA'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 APA's value and its price as these two are different measures arrived at by different means. Investors typically determine if APA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, APA'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.