Archrock Property Plant Equipment vs Net Tangible Assets Analysis

AROC Stock

USD 20.21 0.18 0.90%

Archrock financial indicator trend analysis is way more than just evaluating Archrock prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Archrock is a good investment. Please check the relationship between Archrock Property Plant Equipment and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Archrock. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For information on how to trade Archrock Stock refer to our How to Trade Archrock Stock guide.

Property Plant Equipment vs Net Tangible Assets

Property Plant Equipment vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Archrock Property Plant Equipment account and Net Tangible Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between Archrock's Property Plant Equipment and Net Tangible Assets is 0.39. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Archrock, assuming nothing else is changed. The correlation between historical values of Archrock's Property Plant Equipment and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Archrock are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Property Plant Equipment i.e., Archrock's Property Plant Equipment and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.39

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Property Plant Equipment

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Archrock's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Archrock 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 Archrock. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For information on how to trade Archrock Stock refer to our How to Trade Archrock Stock guide.At present, Archrock's Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 2.8 B, whereas Discontinued Operations is projected to grow to (233.4 K).

	2021	2022	2023	2024 (projected)
Interest Expense	108.1M	101.3M	111.5M	111.7M
Depreciation And Amortization	182.8M	167.5M	169.6M	225.1M

Interest Expense Depreciation And Amortization

Archrock fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.78	0.19	0.87	0.98	0.95	0.75	-0.42	0.89	0.78	0.95	0.58	0.78	0.87	0.07	-0.76	0.88	0.88	0.76	0.76	0.99	0.82	0.86	0.8	0.31	0.03
Short Long Term Debt Total	0.78		0.16	0.39	0.73	0.93	1.0	-0.78	0.45	0.32	0.93	0.59	0.32	0.44	0.48	-0.74	0.97	0.42	0.33	0.91	0.85	0.86	0.4	0.38	0.06	0.53
Other Current Liab	0.19	0.16		0.19	0.15	0.18	0.15	-0.22	0.25	-0.07	0.19	0.36	-0.07	0.11	0.33	-0.02	0.15	0.13	0.26	0.16	0.2	0.38	0.09	-0.06	-0.25	0.18
Total Current Liabilities	0.87	0.39	0.19		0.86	0.69	0.36	-0.02	0.99	0.92	0.69	0.39	0.92	0.97	-0.3	-0.55	0.54	0.98	0.94	0.45	0.81	0.57	0.98	0.92	0.44	-0.32
Total Stockholder Equity	0.98	0.73	0.15	0.86		0.92	0.7	-0.38	0.87	0.81	0.93	0.62	0.81	0.87	0.09	-0.7	0.82	0.88	0.73	0.73	0.95	0.79	0.85	0.79	0.25	0.04
Property Plant And Equipment Net	0.95	0.93	0.18	0.69	0.92		0.91	-0.65	0.73	0.61	0.99	0.62	0.61	0.71	0.27	-0.82	0.97	0.71	0.61	0.91	0.98	0.9	0.69	0.66	0.18	0.29
Net Debt	0.75	1.0	0.15	0.36	0.7	0.91		-0.79	0.42	0.28	0.91	0.58	0.28	0.41	0.49	-0.72	0.96	0.38	0.31	0.91	0.82	0.85	0.37	0.35	0.05	0.56
Retained Earnings	-0.42	-0.78	-0.22	-0.02	-0.38	-0.65	-0.79		-0.06	0.1	-0.63	-0.46	0.1	0.01	-0.75	0.64	-0.7	-0.02	0.05	-0.86	-0.51	-0.67	0.02	0.04	0.49	-0.76
Accounts Payable	0.89	0.45	0.25	0.99	0.87	0.73	0.42	-0.06		0.91	0.72	0.44	0.91	0.97	-0.27	-0.57	0.59	0.97	0.94	0.48	0.84	0.61	0.97	0.91	0.46	-0.28
Cash	0.78	0.32	-0.07	0.92	0.81	0.61	0.28	0.1	0.91		0.59	0.43	1.0	0.96	-0.45	-0.49	0.47	0.94	0.83	0.38	0.71	0.47	0.97	0.93	0.56	-0.39
Non Current Assets Total	0.95	0.93	0.19	0.69	0.93	0.99	0.91	-0.63	0.72	0.59		0.61	0.59	0.7	0.29	-0.8	0.97	0.71	0.59	0.88	0.98	0.89	0.68	0.63	0.17	0.28
Non Currrent Assets Other	0.58	0.59	0.36	0.39	0.62	0.62	0.58	-0.46	0.44	0.43	0.61		0.43	0.46	0.33	-0.34	0.57	0.44	0.25	0.66	0.56	0.64	0.44	0.28	-0.11	0.41
Cash And Short Term Investments	0.78	0.32	-0.07	0.92	0.81	0.61	0.28	0.1	0.91	1.0	0.59	0.43		0.96	-0.45	-0.49	0.47	0.94	0.83	0.38	0.71	0.47	0.97	0.93	0.56	-0.39
Net Receivables	0.87	0.44	0.11	0.97	0.87	0.71	0.41	0.01	0.97	0.96	0.7	0.46	0.96		-0.36	-0.54	0.58	0.98	0.92	0.47	0.82	0.58	1.0	0.96	0.56	-0.3
Common Stock Total Equity	0.07	0.48	0.33	-0.3	0.09	0.27	0.49	-0.75	-0.27	-0.45	0.29	0.33	-0.45	-0.36		-0.07	0.32	-0.34	-0.38	0.46	0.11	0.41	-0.38	-0.46	-0.77	0.86
Common Stock Shares Outstanding	-0.76	-0.74	-0.02	-0.55	-0.7	-0.82	-0.72	0.64	-0.57	-0.49	-0.8	-0.34	-0.49	-0.54	-0.07		-0.84	-0.6	-0.45	-0.77	-0.82	-0.68	-0.54	-0.54	-0.16	-0.04
Non Current Liabilities Total	0.88	0.97	0.15	0.54	0.82	0.97	0.96	-0.7	0.59	0.47	0.97	0.57	0.47	0.58	0.32	-0.84		0.58	0.46	0.89	0.93	0.87	0.55	0.52	0.18	0.34
Inventory	0.88	0.42	0.13	0.98	0.88	0.71	0.38	-0.02	0.97	0.94	0.71	0.44	0.94	0.98	-0.34	-0.6	0.58		0.89	0.46	0.83	0.58	0.99	0.93	0.5	-0.36
Other Current Assets	0.76	0.33	0.26	0.94	0.73	0.61	0.31	0.05	0.94	0.83	0.59	0.25	0.83	0.92	-0.38	-0.45	0.46	0.89		0.37	0.72	0.48	0.92	0.92	0.54	-0.32
Other Stockholder Equity	0.76	0.91	0.16	0.45	0.73	0.91	0.91	-0.86	0.48	0.38	0.88	0.66	0.38	0.47	0.46	-0.77	0.89	0.46	0.37		0.81	0.87	0.45	0.44	-0.11	0.58
Total Liab	0.99	0.85	0.2	0.81	0.95	0.98	0.82	-0.51	0.84	0.71	0.98	0.56	0.71	0.82	0.11	-0.82	0.93	0.83	0.72	0.81		0.85	0.8	0.75	0.3	0.09
Property Plant And Equipment Gross	0.82	0.86	0.38	0.57	0.79	0.9	0.85	-0.67	0.61	0.47	0.89	0.64	0.47	0.58	0.41	-0.68	0.87	0.58	0.48	0.87	0.85		0.56	0.47	0.0	0.41
Total Current Assets	0.86	0.4	0.09	0.98	0.85	0.69	0.37	0.02	0.97	0.97	0.68	0.44	0.97	1.0	-0.38	-0.54	0.55	0.99	0.92	0.45	0.8	0.56		0.96	0.55	-0.33
Short Term Debt	0.8	0.38	-0.06	0.92	0.79	0.66	0.35	0.04	0.91	0.93	0.63	0.28	0.93	0.96	-0.46	-0.54	0.52	0.93	0.92	0.44	0.75	0.47	0.96		0.62	-0.33
Intangible Assets	0.31	0.06	-0.25	0.44	0.25	0.18	0.05	0.49	0.46	0.56	0.17	-0.11	0.56	0.56	-0.77	-0.16	0.18	0.5	0.54	-0.11	0.3	0.0	0.55	0.62		-0.61
Common Stock	0.03	0.53	0.18	-0.32	0.04	0.29	0.56	-0.76	-0.28	-0.39	0.28	0.41	-0.39	-0.3	0.86	-0.04	0.34	-0.36	-0.32	0.58	0.09	0.41	-0.33	-0.33	-0.61

Click cells to compare fundamentals

Archrock Account Relationship Matchups

Archrock fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.1B	2.8B	2.6B	2.6B	2.7B	3.4B
Short Long Term Debt Total	1.9B	1.7B	1.5B	1.6B	1.6B	1.6B
Other Current Liab	593K	4.8M	1.3M	73.7M	82.2M	54.1M
Total Current Liabilities	138.7M	111.7M	125.3M	148.6M	152.1M	265.9M
Total Stockholder Equity	1.1B	935.6M	891.4M	860.7M	871.0M	1.2B
Property Plant And Equipment Net	2.6B	2.4B	2.2B	2.2B	2.3B	2.4B
Net Debt	1.9B	1.7B	1.5B	1.6B	1.6B	1.5B
Retained Earnings	(2.2B)	(2.4B)	(2.5B)	(2.5B)	(2.5B)	(2.4B)
Accounts Payable	60.2M	30.8M	38.9M	64.3M	61.0M	85.3M
Cash	3.7M	1.1M	1.6M	1.6M	1.3M	1.3M
Non Current Assets Total	2.9B	2.6B	2.4B	2.4B	2.4B	2.8B
Non Currrent Assets Other	42.8M	41.1M	38.2M	80.4M	55.6M	37.9M
Cash And Short Term Investments	3.7M	1.1M	1.6M	1.6M	1.3M	1.3M
Net Receivables	144.9M	104.4M	104.9M	137.5M	124.1M	117.9M
Common Stock Total Equity	1.6M	1.6M	1.6M	1.6M	1.9M	2.0M
Common Stock Shares Outstanding	137.5M	150.8M	151.8M	153.4M	154.3M	92.3M
Liabilities And Stockholders Equity	3.1B	2.8B	2.6B	2.6B	2.7B	3.4B
Non Current Liabilities Total	1.9B	1.7B	1.6B	1.6B	1.6B	1.7B
Inventory	74.5M	63.7M	72.9M	84.6M	81.8M	158.5M
Other Current Assets	9.2M	12.8M	7.2M	8.2M	6.0M	5.7M
Other Stockholder Equity	3.3B	3.3B	3.4B	3.4B	3.4B	2.7B
Total Liab	2.0B	1.8B	1.7B	1.7B	1.8B	2.1B
Property Plant And Equipment Gross	2.6B	2.4B	2.2B	2.2B	3.6B	2.4B
Total Current Assets	232.2M	182.0M	186.6M	232.0M	213.2M	202.5M
Accumulated Other Comprehensive Income	1.2M	5.8M	(1.4M)	(5.0M)	(984K)	0.0
Short Term Debt	67.3M	72.2M	81.3M	3.2M	3.2M	3.0M
Intangible Assets	77.5M	61.5M	47.9M	37.1M	30.2M	28.7M
Common Stock	1.6M	1.6M	1.6M	1.6M	1.7M	846.2K
Other Liab	25.5M	25.2M	26.5M	26.3M	23.7M	22.5M
Other Assets	122.4M	159.3M	111.5M	113.8M	130.8M	89.8M
Long Term Debt	1.8B	1.7B	1.5B	1.5B	1.6B	1.7B
Treasury Stock	(79.9M)	(81.9M)	(83.7M)	(86.1M)	(77.5M)	(81.4M)
Property Plant Equipment	2.6B	2.4B	2.2B	2.2B	2.5B	2.6B
Current Deferred Revenue	10.7M	3.9M	3.8M	7.3M	5.7M	5.4M
Net Tangible Assets	907.9M	874.0M	891.4M	860.7M	774.6M	796.2M
Retained Earnings Total Equity	(2.2B)	(2.4B)	(2.5B)	(2.5B)	(2.3B)	(2.4B)

Pair Trading with Archrock

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

Moving together with Archrock Stock

0.89	NR	Newpark Resources Financial Report 7th of May 2024	Pair Corr
0.79	TS	Tenaris SA ADR	Pair Corr
0.89	DNOW	Now Inc Earnings Call This Week	Pair Corr

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

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

When determining whether Archrock offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Archrock'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 Archrock Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Archrock Stock:

How To Invest In Archrock

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Is Archrock Stock a good investment?

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What is Archrock's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Archrock. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

For information on how to trade Archrock Stock refer to our How to Trade Archrock Stock guide.

You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for Archrock Stock analysis

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

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Is Archrock'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 Archrock. If investors know Archrock 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 Archrock 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

1.6

Dividend Share

0.64

Earnings Share

0.83

Revenue Per Share

6.676

Quarterly Revenue Growth

0.168

The market value of Archrock is measured differently than its book value, which is the value of Archrock that is recorded on the company's balance sheet. Investors also form their own opinion of Archrock's value that differs from its market value or its book value, called intrinsic value, which is Archrock'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 Archrock's market value can be influenced by many factors that don't directly affect Archrock'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 Archrock's value and its price as these two are different measures arrived at by different means. Investors typically determine if Archrock is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Archrock'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.

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Archrock Property Plant Equipment vs Net Tangible Assets Analysis

Property Plant Equipment vs Net Tangible Assets

Property Plant Equipment vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Property Plant Equipment

Net Tangible Assets

Archrock fundamental ratios Correlations

Archrock Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Archrock fundamental ratios Accounts

Pair Trading with Archrock

Moving together with Archrock Stock

Complementary Tools for Archrock Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Net Receivables
Total Liab	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Other Stockholder Equity	- 0.86	Retained Earnings
Non Current Liabilities Total	- 0.84	Common Stock Shares Outstanding
Total Liab	- 0.82	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.82	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.8	Non Current Assets Total
Retained Earnings	- 0.79	Net Debt