California Common Stock Total Equity vs Net Receivables Analysis

CWT Stock

USD 52.79 0.13 0.25%

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

Common Stock Total Equity vs Net Receivables

Common Stock Total Equity vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of California Water Service Common Stock Total Equity account and Net Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between California Water's Common Stock Total Equity and Net Receivables is -0.51. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Net Receivables in the same time period over historical financial statements of California Water Service, assuming nothing else is changed. The correlation between historical values of California Water's Common Stock Total Equity and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of California Water Service are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Common Stock Total Equity i.e., California Water's Common Stock Total Equity and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.51

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Net Receivables

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

At this time, California Water's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 23.35 in 2024, whereas Selling General Administrative is likely to drop slightly above 24.7 K in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	483.8M	529.5M	240.5M	282.0M
Total Revenue	790.9M	846.4M	794.6M	412.7M

Gross Profit Total Revenue

California Water 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		0.63	0.62	0.44	0.49	0.6	0.6	-0.03	0.62	0.86	0.61	0.46	0.62	0.31	0.46	0.57	-0.82	0.65	0.44	0.53	0.46	0.63	0.54	0.65	0.3	-0.82
Total Assets	0.63		0.97	0.85	0.74	0.98	1.0	-0.38	0.96	0.75	0.98	0.81	1.0	0.76	0.81	0.99	-0.56	0.99	0.94	0.35	0.0	0.99	0.96	0.95	0.45	-0.56
Short Long Term Debt Total	0.62	0.97		0.92	0.81	0.93	0.97	-0.52	1.0	0.8	0.98	0.81	0.97	0.81	0.81	0.93	-0.53	0.95	0.86	0.48	-0.09	0.97	0.91	0.96	0.56	-0.53
Other Current Liab	0.44	0.85	0.92		0.81	0.82	0.85	-0.68	0.91	0.75	0.91	0.83	0.84	0.76	0.83	0.81	-0.25	0.79	0.76	0.49	-0.23	0.84	0.82	0.9	0.6	-0.25
Total Current Liabilities	0.49	0.74	0.81	0.81		0.62	0.72	-0.3	0.8	0.59	0.75	0.73	0.73	0.63	0.73	0.68	-0.49	0.69	0.58	0.47	0.02	0.78	0.56	0.76	0.93	-0.49
Total Stockholder Equity	0.6	0.98	0.93	0.82	0.62		0.98	-0.4	0.92	0.75	0.97	0.78	0.97	0.72	0.78	0.98	-0.47	0.96	0.96	0.37	-0.04	0.95	0.99	0.94	0.29	-0.47
Property Plant And Equipment Net	0.6	1.0	0.97	0.85	0.72	0.98		-0.42	0.96	0.74	0.98	0.81	1.0	0.77	0.81	0.99	-0.52	0.99	0.95	0.34	-0.03	0.99	0.96	0.94	0.43	-0.52
Current Deferred Revenue	-0.03	-0.38	-0.52	-0.68	-0.3	-0.4	-0.42		-0.53	-0.48	-0.51	-0.27	-0.38	-0.6	-0.27	-0.35	-0.28	-0.33	-0.35	-0.29	0.57	-0.36	-0.44	-0.39	-0.21	-0.28
Net Debt	0.62	0.96	1.0	0.91	0.8	0.92	0.96	-0.53		0.81	0.98	0.78	0.96	0.81	0.78	0.93	-0.54	0.95	0.86	0.5	-0.11	0.97	0.9	0.95	0.55	-0.53
Retained Earnings	0.86	0.75	0.8	0.75	0.59	0.75	0.74	-0.48	0.81		0.8	0.6	0.74	0.56	0.6	0.68	-0.54	0.73	0.59	0.65	0.07	0.73	0.73	0.81	0.36	-0.54
Accounts Payable	0.61	0.98	0.98	0.91	0.75	0.97	0.98	-0.51	0.98	0.8		0.81	0.98	0.8	0.81	0.96	-0.48	0.95	0.9	0.46	-0.09	0.97	0.95	0.97	0.47	-0.48
Cash	0.46	0.81	0.81	0.83	0.73	0.78	0.81	-0.27	0.78	0.6	0.81		0.81	0.57	1.0	0.81	-0.42	0.79	0.74	0.23	0.08	0.82	0.79	0.87	0.5	-0.42
Non Current Assets Total	0.62	1.0	0.97	0.84	0.73	0.97	1.0	-0.38	0.96	0.74	0.98	0.81		0.77	0.81	0.99	-0.56	0.99	0.94	0.34	0.0	0.99	0.95	0.94	0.45	-0.56
Non Currrent Assets Other	0.31	0.76	0.81	0.76	0.63	0.72	0.77	-0.6	0.81	0.56	0.8	0.57	0.77		0.57	0.76	-0.22	0.75	0.71	0.33	-0.51	0.77	0.72	0.71	0.45	-0.22
Cash And Short Term Investments	0.46	0.81	0.81	0.83	0.73	0.78	0.81	-0.27	0.78	0.6	0.81	1.0	0.81	0.57		0.81	-0.42	0.79	0.74	0.23	0.08	0.82	0.79	0.87	0.5	-0.42
Net Receivables	0.57	0.99	0.93	0.81	0.68	0.98	0.99	-0.35	0.93	0.68	0.96	0.81	0.99	0.76	0.81		-0.51	0.98	0.97	0.28	-0.03	0.97	0.97	0.93	0.37	-0.51
Common Stock Total Equity	-0.82	-0.56	-0.53	-0.25	-0.49	-0.47	-0.52	-0.28	-0.54	-0.54	-0.48	-0.42	-0.56	-0.22	-0.42	-0.51		-0.62	-0.36	-0.4	-0.55	-0.59	-0.4	-0.55	-0.35	1.0
Non Current Liabilities Total	0.65	0.99	0.95	0.79	0.69	0.96	0.99	-0.33	0.95	0.73	0.95	0.79	0.99	0.75	0.79	0.98	-0.62		0.93	0.31	0.05	0.99	0.94	0.92	0.41	-0.61
Inventory	0.44	0.94	0.86	0.76	0.58	0.96	0.95	-0.35	0.86	0.59	0.9	0.74	0.94	0.71	0.74	0.97	-0.36	0.93		0.14	-0.12	0.92	0.96	0.85	0.28	-0.36
Other Current Assets	0.53	0.35	0.48	0.49	0.47	0.37	0.34	-0.29	0.5	0.65	0.46	0.23	0.34	0.33	0.23	0.28	-0.4	0.31	0.14		-0.04	0.34	0.31	0.55	0.38	-0.4
Other Stockholder Equity	0.46	0.0	-0.09	-0.23	0.02	-0.04	-0.03	0.57	-0.11	0.07	-0.09	0.08	0.0	-0.51	0.08	-0.03	-0.55	0.05	-0.12	-0.04		0.02	-0.1	-0.01	0.01	-0.55
Total Liab	0.63	0.99	0.97	0.84	0.78	0.95	0.99	-0.36	0.97	0.73	0.97	0.82	0.99	0.77	0.82	0.97	-0.59	0.99	0.92	0.34	0.02		0.92	0.93	0.52	-0.59
Property Plant And Equipment Gross	0.54	0.96	0.91	0.82	0.56	0.99	0.96	-0.44	0.9	0.73	0.95	0.79	0.95	0.72	0.79	0.97	-0.4	0.94	0.96	0.31	-0.1	0.92		0.93	0.23	-0.4
Total Current Assets	0.65	0.95	0.96	0.9	0.76	0.94	0.94	-0.39	0.95	0.81	0.97	0.87	0.94	0.71	0.87	0.93	-0.55	0.92	0.85	0.55	-0.01	0.93	0.93		0.48	-0.54
Short Term Debt	0.3	0.45	0.56	0.6	0.93	0.29	0.43	-0.21	0.55	0.36	0.47	0.5	0.45	0.45	0.5	0.37	-0.35	0.41	0.28	0.38	0.01	0.52	0.23	0.48		-0.35
Common Stock	-0.82	-0.56	-0.53	-0.25	-0.49	-0.47	-0.52	-0.28	-0.53	-0.54	-0.48	-0.42	-0.56	-0.22	-0.42	-0.51	1.0	-0.61	-0.36	-0.4	-0.55	-0.59	-0.4	-0.54	-0.35

Click cells to compare fundamentals

California Water Account Relationship Matchups

California Water fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	48.2M	49.3M	51.6M	54.4M	57.0M	39.2M
Total Assets	3.1B	3.4B	3.6B	3.9B	4.7B	4.9B
Short Long Term Debt Total	983.7M	1.2B	1.1B	1.1B	1.2B	1.3B
Other Current Liab	51.3M	79.7M	68.1M	72.2M	74.9M	78.7M
Total Current Liabilities	358.7M	588.7M	256.6M	294.7M	430.3M	451.9M
Total Stockholder Equity	779.9M	921.3M	1.2B	1.3B	1.4B	1.5B
Property Plant And Equipment Net	2.4B	2.7B	2.8B	3.1B	3.8B	4.0B
Current Deferred Revenue	2.0M	2.2M	3.9M	8.1M	13.5M	23.4M
Net Debt	941.1M	1.1B	1.0B	1.1B	1.2B	1.2B
Retained Earnings	417.1M	472.2M	525.9M	556.7M	549.6M	275.3M
Accounts Payable	108.5M	131.7M	144.4M	141.0M	160.3M	168.3M
Cash	42.7M	44.6M	78.4M	62.1M	85.0M	89.2M
Non Current Assets Total	2.9B	3.1B	3.3B	3.6B	4.4B	4.6B
Non Currrent Assets Other	517.6M	445.8M	439.1M	129.3M	475.6M	499.3M
Cash And Short Term Investments	42.7M	44.6M	78.4M	62.1M	85.0M	89.2M
Net Receivables	96.1M	116.4M	134.0M	131.1M	177.0M	185.9M
Common Stock Total Equity	485K	503K	537K	556K	500.4K	475.4K
Liabilities And Stockholders Equity	3.1B	3.4B	3.6B	3.9B	4.7B	4.9B
Non Current Liabilities Total	2.0B	1.9B	2.2B	2.2B	2.8B	3.0B
Inventory	7.7M	8.8M	9.5M	12.6M	16.2M	17.0M
Other Current Assets	38.2M	96.2M	78.6M	66.8M	18.1M	25.2M
Other Stockholder Equity	362.3M	448.6M	651.1M	760.3M	876.6M	609.2M
Total Liab	2.3B	2.5B	2.4B	2.5B	3.3B	3.4B
Property Plant And Equipment Gross	2.4B	2.6B	4.2B	4.5B	4.9B	5.1B
Total Current Assets	184.7M	266.0M	300.5M	295.5M	296.3M	311.1M
Short Term Debt	197.0M	375.1M	40.2M	73.3M	181.6M	190.7M
Common Stock	485K	503K	537K	556K	577K	548.2K
Other Liab	1.2B	1.1B	1.1B	1.2B	1.3B	715.1M
Other Assets	503.2M	3.1B	439.1M	444.8M	511.5M	408.5M
Long Term Debt	786.8M	781.1M	1.1B	1.1B	1.1B	1.1B
Property Plant Equipment	2.4B	2.7B	2.8B	261.8M	301.0M	286.0M
Intangible Assets	24.9M	27.6M	30.0M	27.8M	20.7M	17.1M
Net Tangible Assets	968.4M	1.1B	1.1B	1.5B	1.7B	1.0B
Retained Earnings Total Equity	417.1M	472.2M	525.9M	556.7M	640.2M	365.8M
Long Term Debt Total	786.8M	781.1M	1.1B	1.1B	1.2B	648.2M
Capital Surpluse	362.3M	448.6M	651.1M	760.3M	874.4M	918.1M
Deferred Long Term Liab	224.2M	276.0M	285.7M	330.3M	379.8M	259.1M
Non Current Liabilities Other	770.7M	631.4M	630.9M	651.1M	363.3M	598.2M

Pair Trading with California Water

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

Moving together with California Stock

0.78	WTRG	Essential Utilities	Pair Corr
0.82	AWK	American Water Works	Pair Corr
0.7	AWR	American States Water	Pair Corr

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

The correlation of California Water 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 California Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Water Service 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 California Water 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 California Water Service 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 California 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 California Water Service Stock. Highlighted below are key reports to facilitate an investment decision about California Water Service Stock:

How To Invest In California

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Is California Stock a good investment?

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What is California Water's Net Worth?

Details

Largest Water Utilities Companies

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Largest Utilities - Regulated Water Companies

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

You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for California Stock analysis

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

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Is California Water'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 California Water. If investors know California 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 California Water 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

0.469

Dividend Share

1.06

Earnings Share

2.52

Revenue Per Share

16.257

Quarterly Revenue Growth

1.065

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

Common Stock Total Equity vs Net Receivables

Common Stock Total Equity vs Net Receivables Correlation Analysis

Correlation Coefficient

Common Stock Total Equity

Net Receivables

California Water fundamental ratios Correlations

California Water Account Relationship Matchups

High Positive Relationship

High Negative Relationship

California Water fundamental ratios Accounts

Pair Trading with California Water

Moving together with California Stock

Complementary Tools for California Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Common Stock	- 0.82	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.82	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.68	Other Current Liab
Non Current Liabilities Total	- 0.62	Common Stock Total Equity
Common Stock	- 0.61	Non Current Liabilities Total
Non Currrent Assets Other	- 0.6	Current Deferred Revenue