Avista Accounts Payable vs Net Working Capital Analysis

AVA Stock

USD 35.98 0.26 0.73%

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

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

Accounts Payable vs Net Working Capital

Accounts Payable vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avista Accounts Payable account and Net Working Capital. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Avista's Accounts Payable and Net Working Capital is 0.13. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Avista, assuming nothing else is changed. The correlation between historical values of Avista's Accounts Payable and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Avista are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Accounts Payable i.e., Avista's Accounts Payable and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.13

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Avista obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Avista are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Net Working Capital

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

For information on how to trade Avista Stock refer to our How to Trade Avista Stock guide.At present, Avista's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.23, whereas Discontinued Operations is forecasted to decline to about 4.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	941.8M	974.3M	1.0B	764.0M
Total Revenue	1.4B	1.7B	1.8B	1.9B

Gross Profit Total Revenue

Avista fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Liab	Other Assets
Common Stock Shares Outstanding		0.98	0.96	0.07	0.73	0.95	0.97	0.95	0.84	0.3	-0.16	0.97	-0.44	-0.25	0.77	0.95	0.98	0.57	0.14	0.05	0.98	0.75	0.45	0.96	0.5	0.83
Total Assets	0.98		0.99	-0.02	0.75	0.98	0.98	0.98	0.89	0.26	-0.25	0.99	-0.34	-0.34	0.74	0.97	0.99	0.63	0.08	0.09	1.0	0.83	0.44	0.98	0.61	0.89
Short Long Term Debt Total	0.96	0.99		-0.06	0.7	0.99	0.98	1.0	0.84	0.19	-0.29	0.99	-0.27	-0.37	0.7	0.99	0.98	0.58	0.03	0.11	0.97	0.79	0.38	1.0	0.66	0.88
Other Current Liab	0.07	-0.02	-0.06		0.42	-0.13	-0.1	-0.09	-0.21	0.78	0.67	-0.1	-0.1	0.72	0.5	-0.06	-0.08	-0.05	0.65	0.04	0.02	-0.09	0.61	-0.06	-0.56	-0.25
Total Current Liabilities	0.73	0.75	0.7	0.42		0.65	0.65	0.68	0.7	0.66	0.2	0.68	-0.24	0.11	0.85	0.67	0.65	0.64	0.27	0.32	0.78	0.8	0.75	0.69	0.23	0.62
Total Stockholder Equity	0.95	0.98	0.99	-0.13	0.65		0.98	1.0	0.84	0.11	-0.36	0.99	-0.24	-0.44	0.64	0.99	0.98	0.55	0.0	0.08	0.96	0.77	0.31	0.99	0.71	0.89
Property Plant And Equipment Net	0.97	0.98	0.98	-0.1	0.65	0.98		0.98	0.84	0.11	-0.34	1.0	-0.34	-0.41	0.64	0.95	0.99	0.49	-0.04	0.05	0.97	0.72	0.26	0.97	0.66	0.87
Net Debt	0.95	0.98	1.0	-0.09	0.68	1.0	0.98		0.84	0.15	-0.33	0.99	-0.25	-0.41	0.68	0.99	0.98	0.57	0.02	0.1	0.96	0.78	0.35	0.99	0.68	0.88
Retained Earnings	0.84	0.89	0.84	-0.21	0.7	0.84	0.84	0.84		0.21	-0.31	0.86	-0.37	-0.43	0.62	0.8	0.87	0.79	0.0	0.09	0.91	0.93	0.44	0.82	0.57	0.8
Accounts Payable	0.3	0.26	0.19	0.78	0.66	0.11	0.11	0.15	0.21		0.71	0.14	-0.35	0.68	0.77	0.17	0.18	0.38	0.56	0.17	0.31	0.35	0.89	0.18	-0.44	0.07
Cash	-0.16	-0.25	-0.29	0.67	0.2	-0.36	-0.34	-0.33	-0.31	0.71		-0.33	-0.29	0.98	0.33	-0.27	-0.29	-0.03	0.28	0.2	-0.2	-0.19	0.53	-0.29	-0.75	-0.34
Non Current Assets Total	0.97	0.99	0.99	-0.1	0.68	0.99	1.0	0.99	0.86	0.14	-0.33		-0.32	-0.4	0.66	0.97	0.99	0.54	0.0	0.06	0.98	0.76	0.31	0.98	0.67	0.89
Non Currrent Assets Other	-0.44	-0.34	-0.27	-0.1	-0.24	-0.24	-0.34	-0.25	-0.37	-0.35	-0.29	-0.32		-0.22	-0.49	-0.24	-0.38	-0.2	0.06	0.28	-0.38	-0.25	-0.27	-0.25	0.11	-0.23
Cash And Short Term Investments	-0.25	-0.34	-0.37	0.72	0.11	-0.44	-0.41	-0.41	-0.43	0.68	0.98	-0.4	-0.22		0.26	-0.36	-0.37	-0.18	0.29	0.15	-0.29	-0.32	0.44	-0.37	-0.77	-0.4
Net Receivables	0.77	0.74	0.7	0.5	0.85	0.64	0.64	0.68	0.62	0.77	0.33	0.66	-0.49	0.26		0.68	0.68	0.56	0.38	0.18	0.77	0.67	0.82	0.69	0.07	0.57
Common Stock Total Equity	0.95	0.97	0.99	-0.06	0.67	0.99	0.95	0.99	0.8	0.17	-0.27	0.97	-0.24	-0.36	0.68		0.96	0.6	0.09	0.11	0.95	0.77	0.39	1.0	0.66	0.86
Non Current Liabilities Total	0.98	0.99	0.98	-0.08	0.65	0.98	0.99	0.98	0.87	0.18	-0.29	0.99	-0.38	-0.37	0.68	0.96		0.56	0.05	0.01	0.98	0.75	0.35	0.97	0.61	0.88
Inventory	0.57	0.63	0.58	-0.05	0.64	0.55	0.49	0.57	0.79	0.38	-0.03	0.54	-0.2	-0.18	0.56	0.6	0.56		0.31	0.22	0.65	0.91	0.71	0.59	0.3	0.52
Other Current Assets	0.14	0.08	0.03	0.65	0.27	0.0	-0.04	0.02	0.0	0.56	0.28	0.0	0.06	0.29	0.38	0.09	0.05	0.31		-0.18	0.11	0.15	0.63	0.08	-0.4	-0.08
Other Stockholder Equity	0.05	0.09	0.11	0.04	0.32	0.08	0.05	0.1	0.09	0.17	0.2	0.06	0.28	0.15	0.18	0.11	0.01	0.22	-0.18		0.09	0.18	0.22	0.1	-0.06	0.09
Total Liab	0.98	1.0	0.97	0.02	0.78	0.96	0.97	0.96	0.91	0.31	-0.2	0.98	-0.38	-0.29	0.77	0.95	0.98	0.65	0.11	0.09		0.84	0.48	0.96	0.56	0.87
Property Plant And Equipment Gross	0.75	0.83	0.79	-0.09	0.8	0.77	0.72	0.78	0.93	0.35	-0.19	0.76	-0.25	-0.32	0.67	0.77	0.75	0.91	0.15	0.18	0.84		0.62	0.78	0.51	0.76
Total Current Assets	0.45	0.44	0.38	0.61	0.75	0.31	0.26	0.35	0.44	0.89	0.53	0.31	-0.27	0.44	0.82	0.39	0.35	0.71	0.63	0.22	0.48	0.62		0.39	-0.22	0.25
Common Stock	0.96	0.98	1.0	-0.06	0.69	0.99	0.97	0.99	0.82	0.18	-0.29	0.98	-0.25	-0.37	0.69	1.0	0.97	0.59	0.08	0.1	0.96	0.78	0.39		0.66	0.88
Other Liab	0.5	0.61	0.66	-0.56	0.23	0.71	0.66	0.68	0.57	-0.44	-0.75	0.67	0.11	-0.77	0.07	0.66	0.61	0.3	-0.4	-0.06	0.56	0.51	-0.22	0.66		0.71
Other Assets	0.83	0.89	0.88	-0.25	0.62	0.89	0.87	0.88	0.8	0.07	-0.34	0.89	-0.23	-0.4	0.57	0.86	0.88	0.52	-0.08	0.09	0.87	0.76	0.25	0.88	0.71

Click cells to compare fundamentals

Avista Account Relationship Matchups

Avista fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	66.3M	68.1M	70.1M	73.1M	76.5M	60.2M
Total Assets	6.1B	6.4B	6.9B	7.4B	7.7B	5.1B
Short Long Term Debt Total	2.3B	2.4B	2.6B	2.9B	3.0B	1.6B
Other Current Liab	98.1M	88.4M	138.1M	269.0M	166.3M	158.0M
Total Current Liabilities	530.7M	505.9M	913.1M	964.5M	775.2M	771.7M
Total Stockholder Equity	1.9B	2.0B	2.2B	2.3B	2.5B	1.4B
Property Plant And Equipment Net	4.9B	5.1B	5.4B	5.6B	5.8B	3.3B
Net Debt	2.2B	2.4B	2.6B	2.9B	3.0B	1.6B
Retained Earnings	738.8M	758.0M	785.6M	811.5M	841.4M	883.4M
Accounts Payable	110.2M	106.6M	133.1M	203.0M	143.3M	180.3M
Cash	9.9M	14.2M	22.2M	13.4M	35.0M	41.2M
Non Current Assets Total	5.8B	6.1B	6.4B	6.7B	7.0B	4.2B
Non Currrent Assets Other	23.4M	30.4M	19.6M	230.4M	15.8M	15.0M
Cash And Short Term Investments	9.9M	14.2M	22.2M	13.4M	35.0M	48.3M
Net Receivables	177.7M	213.6M	232.7M	286.5M	246.0M	212.3M
Common Stock Total Equity	1.2B	1.3B	1.4B	1.5B	1.8B	919.3M
Liabilities And Stockholders Equity	6.1B	6.4B	6.9B	7.4B	7.7B	5.1B
Non Current Liabilities Total	3.6B	3.9B	3.8B	4.1B	4.4B	2.7B
Inventory	66.6M	67.5M	84.7M	107.7M	160.0M	168.0M
Other Current Assets	26.9M	20.0M	49.1M	199.7M	156.3M	148.5M
Other Stockholder Equity	(10.3M)	47.3M	43.5M	39.7M	35.7M	33.9M
Total Liab	4.1B	4.4B	4.7B	5.1B	5.2B	3.7B
Property Plant And Equipment Gross	4.9B	5.1B	7.5B	7.9B	8.1B	8.5B
Total Current Assets	305.1M	344.0M	434.5M	721.8M	661.8M	707.8M
Accumulated Other Comprehensive Income	(10.3M)	(14.4M)	(11.0M)	(2.1M)	(357K)	(339.2K)
Common Stock	1.2B	1.3B	1.4B	1.5B	1.6B	940.7M
Other Liab	1.6B	1.8B	1.8B	1.7B	1.9B	1.1B
Other Assets	717.2M	1.0B	1.1B	858.8M	987.6M	630.5M
Long Term Debt	1.9B	2.0B	1.9B	2.3B	2.6B	1.5B
Short Term Investments	2.3M	5.3M	589K	8.5M	3.7M	3.5M
Short Term Debt	237.8M	210.2M	541.4M	484.1M	364M	236.2M
Property Plant Equipment	4.8B	5.0B	5.2B	5.4B	6.3B	3.5B
Current Deferred Revenue	84.6M	100.7M	100.6M	8.5M	101.6M	68.1M
Net Tangible Assets	1.9B	2.0B	2.1B	2.3B	2.6B	1.8B
Retained Earnings Total Equity	738.8M	758.0M	785.6M	811.5M	933.3M	589.1M
Long Term Debt Total	1.8B	2.0B	1.9B	2.3B	2.6B	1.8B

Pair Trading with Avista

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

Moving together with Avista Stock

0.68

ALE

Allete Inc

Pair Corr

Moving against Avista Stock

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0.59	ELPC	Companhia Paranaense	Pair Corr
0.57	ELP	Companhia Paranaense Financial Report 8th of May 2024	Pair Corr
0.51	OTTR	Otter Tail Earnings Call This Week	Pair Corr

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

The correlation of Avista 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 Avista moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avista 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 Avista 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 Avista offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Avista'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 Avista Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Avista Stock:

How To Invest In Avista

Details

Is Avista Stock a good investment?

Details

What is Avista's Net Worth?

Details

Largest Multi-Utilities Companies

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Largest Utilities - Diversified Companies

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

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

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for Avista Stock analysis

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

	Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk
	Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
	Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account
	Share Portfolio Track or share privately all of your investments from the convenience of any device
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Is Avista'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 Avista. If investors know Avista 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 Avista 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

0.034

Dividend Share

1.84

Earnings Share

2.24

Revenue Per Share

22.927

Quarterly Revenue Growth

0.014

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

Accounts Payable vs Net Working Capital

Accounts Payable vs Net Working Capital Correlation Analysis

Correlation Coefficient

Accounts Payable

Net Working Capital

Avista fundamental ratios Correlations

Avista Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avista fundamental ratios Accounts

Pair Trading with Avista

Moving together with Avista Stock

Moving against Avista Stock

Complementary Tools for Avista Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Common Stock	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity

Other Liab	- 0.77	Cash And Short Term Investments
Other Liab	- 0.75	Cash
Other Liab	- 0.56	Other Current Liab
Net Receivables	- 0.49	Non Currrent Assets Other
Other Liab	- 0.44	Accounts Payable
Cash And Short Term Investments	- 0.44	Total Stockholder Equity