CenterPoint Current Deferred Revenue vs Net Working Capital Analysis

CNP Stock

USD 29.45 0.05 0.17%

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

To learn how to invest in CenterPoint Stock, please use our How to Invest in CenterPoint Energy guide.

Current Deferred Revenue vs Net Working Capital

Current Deferred Revenue vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CenterPoint Energy Current Deferred Revenue account and Net Working Capital. At this time, the significance of the direction appears to have no relationship.

The correlation between CenterPoint Energy's Current Deferred Revenue and Net Working Capital is 0.03. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of CenterPoint Energy, assuming nothing else is changed. The correlation between historical values of CenterPoint Energy's Current Deferred Revenue 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 Current Deferred Revenue of CenterPoint Energy 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 Current Deferred Revenue i.e., CenterPoint Energy's Current Deferred Revenue and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.03

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Net Working Capital

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

To learn how to invest in CenterPoint Stock, please use our How to Invest in CenterPoint Energy guide.At this time, CenterPoint Energy's Selling General Administrative is relatively stable compared to the past year. As of 05/05/2024, Tax Provision is likely to grow to about 290.9 M, while Enterprise Value is likely to drop slightly above 11.5 B.

	2021	2022	2023	2024 (projected)
Gross Profit	3.2B	3.4B	3.7B	2.9B
Total Revenue	8.4B	9.3B	8.7B	9.9B

Gross Profit Total Revenue

CenterPoint Energy 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	Current Deferred Revenue	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	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.93	0.92	0.54	0.87	0.81	0.64	-0.06	0.86	-0.14	0.71	-0.03	0.91	-0.2	0.17	0.7	-0.67	0.96	0.87	0.2	0.86	0.95	0.63	0.59	0.43	-0.67
Total Assets	0.93		0.98	0.52	0.88	0.93	0.79	-0.01	0.92	0.05	0.75	-0.03	0.98	-0.21	0.2	0.61	-0.51	0.98	0.9	0.2	0.93	0.99	0.76	0.6	0.45	-0.51
Short Long Term Debt Total	0.92	0.98		0.46	0.82	0.88	0.82	0.03	0.97	0.11	0.66	-0.17	0.99	-0.21	0.07	0.52	-0.45	0.98	0.92	0.08	0.91	0.98	0.8	0.48	0.46	-0.45
Other Current Liab	0.54	0.52	0.46		0.56	0.35	0.37	-0.75	0.44	-0.19	0.54	-0.07	0.46	-0.38	-0.03	0.61	-0.58	0.55	0.41	0.68	0.35	0.57	0.34	0.5	0.16	-0.58
Total Current Liabilities	0.87	0.88	0.82	0.56		0.78	0.66	-0.04	0.77	-0.16	0.74	-0.03	0.85	-0.17	0.14	0.74	-0.63	0.84	0.77	0.3	0.75	0.88	0.61	0.57	0.68	-0.63
Total Stockholder Equity	0.81	0.93	0.88	0.35	0.78		0.73	0.08	0.78	0.18	0.8	0.16	0.89	-0.16	0.35	0.48	-0.25	0.85	0.86	0.16	0.96	0.86	0.7	0.62	0.35	-0.25
Property Plant And Equipment Net	0.64	0.79	0.82	0.37	0.66	0.73		0.02	0.8	0.31	0.63	-0.18	0.8	-0.32	0.0	0.43	-0.29	0.74	0.81	-0.12	0.73	0.79	0.98	0.36	0.53	-0.29
Current Deferred Revenue	-0.06	-0.01	0.03	-0.75	-0.04	0.08	0.02		0.01	0.2	-0.15	0.07	0.02	0.64	0.25	-0.21	0.14	-0.05	-0.07	-0.71	0.04	-0.04	0.02	-0.1	-0.02	0.14
Net Debt	0.86	0.92	0.97	0.44	0.77	0.78	0.8	0.01		0.11	0.52	-0.4	0.96	-0.2	-0.16	0.41	-0.39	0.94	0.88	0.01	0.84	0.94	0.79	0.3	0.49	-0.39
Retained Earnings	-0.14	0.05	0.11	-0.19	-0.16	0.18	0.31	0.2	0.11		0.17	-0.05	0.07	0.21	0.05	-0.09	0.39	-0.03	0.22	-0.44	0.1	-0.01	0.38	-0.06	-0.2	0.39
Accounts Payable	0.71	0.75	0.66	0.54	0.74	0.8	0.63	-0.15	0.52	0.17		0.35	0.64	-0.27	0.51	0.76	-0.46	0.66	0.74	0.29	0.74	0.7	0.64	0.84	0.25	-0.46
Cash	-0.03	-0.03	-0.17	-0.07	-0.03	0.16	-0.18	0.07	-0.4	-0.05	0.35		-0.17	0.06	0.92	0.29	-0.13	-0.11	-0.13	0.26	0.04	-0.11	-0.2	0.55	-0.27	-0.13
Non Current Assets Total	0.91	0.98	0.99	0.46	0.85	0.89	0.8	0.02	0.96	0.07	0.64	-0.17		-0.23	0.04	0.53	-0.45	0.97	0.9	0.14	0.9	0.98	0.76	0.42	0.51	-0.45
Non Currrent Assets Other	-0.2	-0.21	-0.21	-0.38	-0.17	-0.16	-0.32	0.64	-0.2	0.21	-0.27	0.06	-0.23		0.21	-0.17	0.07	-0.21	-0.34	-0.41	-0.23	-0.22	-0.3	-0.04	-0.4	0.07
Cash And Short Term Investments	0.17	0.2	0.07	-0.03	0.14	0.35	0.0	0.25	-0.16	0.05	0.51	0.92	0.04	0.21		0.36	-0.23	0.12	0.03	0.13	0.24	0.12	0.0	0.74	-0.31	-0.23
Net Receivables	0.7	0.61	0.52	0.61	0.74	0.48	0.43	-0.21	0.41	-0.09	0.76	0.29	0.53	-0.17	0.36		-0.87	0.6	0.55	0.38	0.41	0.64	0.4	0.64	0.34	-0.87
Common Stock Total Equity	-0.67	-0.51	-0.45	-0.58	-0.63	-0.25	-0.29	0.14	-0.39	0.39	-0.46	-0.13	-0.45	0.07	-0.23	-0.87		-0.58	-0.35	-0.34	-0.24	-0.59	-0.25	-0.51	-0.27	1.0
Non Current Liabilities Total	0.96	0.98	0.98	0.55	0.84	0.85	0.74	-0.05	0.94	-0.03	0.66	-0.11	0.97	-0.21	0.12	0.6	-0.58		0.86	0.21	0.87	0.99	0.71	0.54	0.4	-0.58
Inventory	0.87	0.9	0.92	0.41	0.77	0.86	0.81	-0.07	0.88	0.22	0.74	-0.13	0.9	-0.34	0.03	0.55	-0.35	0.86		0.03	0.91	0.88	0.83	0.45	0.53	-0.35
Other Current Assets	0.2	0.2	0.08	0.68	0.3	0.16	-0.12	-0.71	0.01	-0.44	0.29	0.26	0.14	-0.41	0.13	0.38	-0.34	0.21	0.03		0.07	0.21	-0.21	0.34	0.07	-0.34
Other Stockholder Equity	0.86	0.93	0.91	0.35	0.75	0.96	0.73	0.04	0.84	0.1	0.74	0.04	0.9	-0.23	0.24	0.41	-0.24	0.87	0.91	0.07		0.87	0.74	0.58	0.38	-0.24
Total Liab	0.95	0.99	0.98	0.57	0.88	0.86	0.79	-0.04	0.94	-0.01	0.7	-0.11	0.98	-0.22	0.12	0.64	-0.59	0.99	0.88	0.21	0.87		0.75	0.56	0.47	-0.59
Property Plant And Equipment Gross	0.63	0.76	0.8	0.34	0.61	0.7	0.98	0.02	0.79	0.38	0.64	-0.2	0.76	-0.3	0.0	0.4	-0.25	0.71	0.83	-0.21	0.74	0.75		0.39	0.46	-0.25
Total Current Assets	0.59	0.6	0.48	0.5	0.57	0.62	0.36	-0.1	0.3	-0.06	0.84	0.55	0.42	-0.04	0.74	0.64	-0.51	0.54	0.45	0.34	0.58	0.56	0.39		-0.04	-0.51
Short Term Debt	0.43	0.45	0.46	0.16	0.68	0.35	0.53	-0.02	0.49	-0.2	0.25	-0.27	0.51	-0.4	-0.31	0.34	-0.27	0.4	0.53	0.07	0.38	0.47	0.46	-0.04		-0.27
Common Stock	-0.67	-0.51	-0.45	-0.58	-0.63	-0.25	-0.29	0.14	-0.39	0.39	-0.46	-0.13	-0.45	0.07	-0.23	-0.87	1.0	-0.58	-0.35	-0.34	-0.24	-0.59	-0.25	-0.51	-0.27

Click cells to compare fundamentals

CenterPoint Energy Account Relationship Matchups

CenterPoint Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	505.2M	531.0M	609.9M	632.3M	633.2M	388.1M
Total Assets	35.5B	33.5B	37.7B	38.5B	39.7B	25.7B
Short Long Term Debt Total	15.1B	13.4B	16.1B	16.9B	18.6B	10.8B
Other Current Liab	2.1B	1.9B	2.4B	1.6B	1.8B	1.9B
Total Current Liabilities	4.0B	4.8B	4.3B	5.1B	3.9B	3.3B
Total Stockholder Equity	8.4B	8.3B	9.4B	10.0B	9.7B	5.1B
Property Plant And Equipment Net	20.6B	22.4B	23.5B	27.1B	29.9B	31.3B
Current Deferred Revenue	204M	124M	119M	111M	110M	76.3M
Net Debt	14.9B	13.3B	15.9B	16.8B	18.5B	10.4B
Retained Earnings	632M	(845M)	154M	709M	1.1B	1.1B
Accounts Payable	884M	853M	1.2B	1.4B	917M	961.9M
Cash	241M	147M	230M	74M	90M	85.5M
Non Current Assets Total	31.6B	30.6B	30.3B	33.8B	36.7B	22.1B
Non Currrent Assets Other	1.2B	252M	2.5B	(1.6B)	162M	153.9M
Cash And Short Term Investments	1.1B	147M	1.7B	584M	631M	569.0M
Net Receivables	1.3B	1.3B	1.2B	1.7B	1.3B	1.4B
Liabilities And Stockholders Equity	35.5B	33.5B	37.7B	38.5B	39.7B	25.7B
Non Current Liabilities Total	23.2B	20.3B	24.0B	23.4B	26.2B	15.5B
Inventory	472M	500M	608M	876M	770M	447.7M
Other Current Assets	3.6B	2.8B	1.4B	1.6B	306M	290.7M
Other Stockholder Equity	6.1B	6.9B	8.5B	8.6B	8.6B	4.4B
Total Liab	27.2B	25.1B	28.3B	28.5B	30.0B	20.6B
Property Plant And Equipment Gross	20.9B	22.4B	33.7B	37.7B	40.4B	42.4B
Total Current Assets	3.9B	2.9B	7.4B	4.7B	3.0B	3.7B
Short Term Debt	868M	1.9B	545M	2.0B	1.1B	1.2B
Other Liab	8.9B	8.8B	8.4B	8.5B	9.8B	10.3B
Other Assets	2.3B	2.3B	2.5B	2.4B	2.1B	2.9B
Long Term Debt	14.2B	11.5B	15.6B	14.8B	17.6B	10.6B
Short Term Investments	822M	871M	1.4B	510M	541M	695.6M
Intangible Assets	321M	50M	44M	38M	34.2M	32.5M
Property Plant Equipment	20.9B	22.4B	23.5B	27.1B	31.2B	32.8B
Retained Earnings Total Equity	632M	(845M)	154M	709M	815.4M	856.1M
Deferred Long Term Liab	2.1B	2.1B	2.3B	2.2B	2.5B	2.4B
Net Tangible Assets	6.6B	6.0B	4.3B	5.0B	4.5B	5.4B
Long Term Debt Total	14.2B	11.5B	15.6B	14.8B	17.1B	11.2B

Pair Trading with CenterPoint Energy

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

Moving together with CenterPoint Stock

0.77	D	Dominion Energy	Pair Corr
0.91	ED	Consolidated Edison	Pair Corr
0.72	ES	Eversource Energy	Pair Corr
0.68	FE	FirstEnergy	Pair Corr

Moving against CenterPoint Stock

0.5	HE	Hawaiian Electric Earnings Call This Week	Pair Corr
0.43	CMS-PC	CMS Energy	Pair Corr

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

The correlation of CenterPoint Energy 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 CenterPoint Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CenterPoint Energy 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 CenterPoint Energy 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 CenterPoint Energy is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if CenterPoint Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Centerpoint Energy Stock. Highlighted below are key reports to facilitate an investment decision about Centerpoint Energy Stock:

How To Invest In CenterPoint

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Is CenterPoint Stock a good investment?

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What is CenterPoint Energy's Net Worth?

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

To learn how to invest in CenterPoint Stock, please use our How to Invest in CenterPoint Energy guide.

You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

Complementary Tools for CenterPoint Stock analysis

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

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Is CenterPoint Energy'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 CenterPoint Energy. If investors know CenterPoint 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 CenterPoint Energy 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

0.122

Dividend Share

0.78

Earnings Share

1.42

Revenue Per Share

13.52

Quarterly Revenue Growth

(0.06)

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

Current Deferred Revenue vs Net Working Capital

Current Deferred Revenue vs Net Working Capital Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Net Working Capital

CenterPoint Energy fundamental ratios Correlations

CenterPoint Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CenterPoint Energy fundamental ratios Accounts

Pair Trading with CenterPoint Energy

Moving together with CenterPoint Stock

Moving against CenterPoint Stock

Complementary Tools for CenterPoint Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Total Liab	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Non Current Liabilities Total
Short Long Term Debt Total	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets

Common Stock	- 0.87	Net Receivables
Common Stock Total Equity	- 0.87	Net Receivables
Current Deferred Revenue	- 0.75	Other Current Liab
Other Current Assets	- 0.71	Current Deferred Revenue
Common Stock	- 0.67	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.67	Common Stock Shares Outstanding