BHP Net Receivables vs Net Working Capital Analysis
BHP Stock | USD 56.43 0.78 1.36% |
BHP Group financial indicator trend analysis is way more than just evaluating BHP Group Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BHP Group Limited is a good investment. Please check the relationship between BHP Group Net Receivables and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BHP Group Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Net Receivables vs Net Working Capital
Net Receivables vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BHP Group Limited Net Receivables account and Net Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between BHP Group's Net Receivables and Net Working Capital is -0.16. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of BHP Group Limited, assuming nothing else is changed. The correlation between historical values of BHP Group's Net Receivables 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 Net Receivables of BHP Group Limited 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 Net Receivables i.e., BHP Group's Net Receivables and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Receivables
Net Working Capital
Most indicators from BHP Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BHP Group Limited 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 BHP Group Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. As of 04/29/2024, Discontinued Operations is likely to grow to about 12.9 B, while Selling General Administrative is likely to drop slightly above 3.6 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 39.7B | 27.7B | 31.8B | 16.5B | Total Revenue | 65.1B | 53.8B | 61.9B | 35.3B |
BHP Group fundamental ratios Correlations
Click cells to compare fundamentals
BHP Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BHP Group fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 104.8B | 108.9B | 95.2B | 101.3B | 116.5B | 68.1B | |
Short Long Term Debt Total | 27.0B | 21.0B | 16.4B | 22.3B | 25.7B | 16.2B | |
Other Current Liab | 3.9B | 6.6B | 8.9B | 5.5B | 6.4B | 3.8B | |
Total Current Liabilities | 14.8B | 16.4B | 16.9B | 19.0B | 21.9B | 23.0B | |
Total Stockholder Equity | 47.9B | 51.3B | 45.0B | 43.1B | 49.5B | 31.9B | |
Property Plant And Equipment Net | 72.4B | 73.8B | 61.3B | 71.8B | 82.6B | 46.2B | |
Net Debt | 13.6B | 5.7B | (808M) | 9.9B | 11.4B | 10.0B | |
Retained Earnings | 43.5B | 46.8B | 40.3B | 39.8B | 45.8B | 28.1B | |
Cash | 13.4B | 15.2B | 17.2B | 12.4B | 14.3B | 15.0B | |
Non Current Assets Total | 83.3B | 82.2B | 64.9B | 77.9B | 89.6B | 52.4B | |
Non Currrent Assets Other | 1.5B | 1.7B | (56M) | 2.1B | 1.9B | 2.0B | |
Cash And Short Term Investments | 13.5B | 15.5B | 17.5B | 12.5B | 14.3B | 15.0B | |
Net Receivables | 3.7B | 6.3B | 5.7B | 5.1B | 5.9B | 4.1B | |
Liabilities And Stockholders Equity | 104.8B | 108.9B | 95.2B | 101.3B | 116.5B | 68.1B | |
Non Current Liabilities Total | 37.7B | 36.9B | 13.2B | 33.7B | 38.8B | 19.6B | |
Inventory | 4.1B | 4.4B | 4.9B | 5.2B | 6.0B | 3.3B | |
Other Stockholder Equity | (5M) | (33M) | (12M) | (41M) | (36.9M) | (35.1M) | |
Total Liab | 52.5B | 53.3B | 46.4B | 52.8B | 60.7B | 33.6B | |
Total Current Assets | 21.5B | 26.7B | 28.7B | 23.4B | 26.9B | 14.1B | |
Short Term Debt | 5.0B | 2.6B | 2.6B | 7.2B | 8.2B | 8.7B | |
Intangible Assets | 377M | 240M | 172M | 221M | 254.2M | 452.3M | |
Other Current Assets | 130M | 129M | 175M | 131M | 150.7M | 143.1M | |
Accounts Payable | 5.8B | 7.0B | 5.4B | 6.3B | 7.2B | 4.9B | |
Other Liab | 14.3B | 17.4B | 14.2B | 16.9B | 19.5B | 10.2B | |
Other Assets | 5.4B | 3.6B | 1.6B | 2.0B | 2.3B | 2.2B | |
Long Term Debt | 19.4B | 18.4B | 13.8B | 12.7B | 14.6B | 17.6B | |
Short Term Investments | 84M | 230M | 303M | 29M | 26.1M | 24.8M | |
Accumulated Other Comprehensive Income | 2.3B | 2.4B | 12M | (1.4B) | (1.6B) | (1.7B) | |
Property Plant Equipment | 72.4B | 73.8B | 61.3B | 71.8B | 82.6B | 63.3B | |
Property Plant And Equipment Gross | 72.4B | 73.8B | 121.1B | 135.3B | 155.6B | 163.4B | |
Current Deferred Revenue | 97M | 105M | 34M | 47M | 42.3M | 40.2M | |
Long Term Investments | 5.1B | 3.4B | 2.2B | 2.4B | 2.1B | 2.9B | |
Short Long Term Debt | 5.0B | 2.6B | 2.6B | 1.3B | 1.2B | 1.1B | |
Net Tangible Assets | 46.6B | 47.3B | 49.8B | 43.6B | 39.2B | 42.6B |
Pair Trading with BHP Group
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 BHP Group 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 BHP Group will appreciate offsetting losses from the drop in the long position's value.Moving together with BHP Stock
0.66 | NB | NioCorp Developments | PairCorr |
0.78 | VZLA | Vizsla Resources Corp Financial Report 18th of July 2024 | PairCorr |
Moving against BHP Stock
0.52 | IPX | IperionX Limited American | PairCorr |
0.48 | ELBM | Electra Battery Materials Financial Report 8th of May 2024 | PairCorr |
0.47 | NMG | Nouveau Monde Graphite Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to BHP Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BHP Group 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 BHP Group - 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 BHP Group Limited to buy it.
The correlation of BHP Group 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 BHP Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BHP Group Limited 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 BHP Group 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BHP Group Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the BHP Group Limited information on this page should be used as a complementary analysis to other BHP Group'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for BHP Stock analysis
When running BHP Group's price analysis, check to measure BHP Group'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 BHP Group is operating at the current time. Most of BHP Group's value examination focuses on studying past and present price action to predict the probability of BHP Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BHP Group's price. Additionally, you may evaluate how the addition of BHP Group to your portfolios can decrease your overall portfolio volatility.
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |
Is BHP Group'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 BHP Group. If investors know BHP 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 BHP Group 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 (0.86) | Dividend Share 1.52 | Earnings Share 2.91 | Revenue Per Share 21.974 | Quarterly Revenue Growth 0.057 |
The market value of BHP Group Limited is measured differently than its book value, which is the value of BHP that is recorded on the company's balance sheet. Investors also form their own opinion of BHP Group's value that differs from its market value or its book value, called intrinsic value, which is BHP Group'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 BHP Group's market value can be influenced by many factors that don't directly affect BHP Group'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 BHP Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if BHP Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BHP Group'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.