CenterPoint Inventory vs Non Currrent Assets Other Analysis
CNP Stock | USD 30.08 0.14 0.47% |
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 Inventory and its Non Currrent Assets Other 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.
Inventory vs Non Currrent Assets Other
Inventory vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CenterPoint Energy Inventory account and Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between CenterPoint Energy's Inventory and Non Currrent Assets Other is -0.34. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Non Currrent Assets Other 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 Inventory and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of CenterPoint Energy are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Inventory i.e., CenterPoint Energy's Inventory and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.34 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Inventory
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.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 05/18/2024, Tax Provision is likely to grow to about 290.9 M, while Enterprise Value is likely to drop slightly above 11.4 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 |
CenterPoint Energy fundamental ratios Correlations
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CenterPoint Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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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.