IDACORP Accounts Payable vs Cost of Revenue Analysis
IDA Stock | USD 92.28 1.91 2.11% |
IDACORP financial indicator trend analysis is infinitely more than just investigating IDACORP recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IDACORP is a good investment. Please check the relationship between IDACORP Accounts Payable and its Cost Of Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDACORP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade IDACORP Stock refer to our How to Trade IDACORP Stock guide.
Accounts Payable vs Cost Of Revenue
Accounts Payable vs Cost of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IDACORP Accounts Payable account and Cost of Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between IDACORP's Accounts Payable and Cost of Revenue is 0.79. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of IDACORP, assuming nothing else is changed. The correlation between historical values of IDACORP's Accounts Payable and Cost of Revenue 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 IDACORP are associated (or correlated) with its Cost of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost of Revenue has no effect on the direction of Accounts Payable i.e., IDACORP's Accounts Payable and Cost of Revenue go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents IDACORP 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 IDACORP 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.Cost Of Revenue
Cost of Revenue is found on IDACORP income statement and represents the costs associated with goods and services IDACORP provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most indicators from IDACORP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IDACORP 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDACORP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade IDACORP Stock refer to our How to Trade IDACORP Stock guide.The current year's Enterprise Value is expected to grow to about 2.7 B, whereas Selling General Administrative is forecasted to decline to about 6.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 332.2M | 330.1M | 316.8M | 458.3M | Total Revenue | 1.5B | 1.6B | 1.8B | 1.2B |
IDACORP fundamental ratios Correlations
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IDACORP Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IDACORP fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 50.5M | 50.6M | 50.6M | 50.7M | 50.8M | 46.4M | |
Total Assets | 6.6B | 7.1B | 7.2B | 7.5B | 8.5B | 5.1B | |
Short Long Term Debt Total | 1.8B | 2.0B | 2.0B | 2.2B | 2.8B | 1.6B | |
Other Current Liab | 135.7M | 41.9M | 42.3M | 183.6M | 171.5M | 120.7M | |
Total Current Liabilities | 374.9M | 287.6M | 325.6M | 548.6M | 634.1M | 320.1M | |
Total Stockholder Equity | 2.5B | 2.6B | 2.7B | 2.8B | 2.9B | 1.7B | |
Property Plant And Equipment Net | 4.5B | 4.7B | 4.9B | 5.2B | 5.7B | 3.4B | |
Current Deferred Revenue | 28.5M | 29.3M | 43.5M | 72.2M | 104.3M | 109.5M | |
Net Debt | 1.6B | 1.7B | 1.8B | 2.0B | 2.5B | 1.5B | |
Retained Earnings | 1.6B | 1.7B | 1.8B | 1.9B | 2.0B | 2.1B | |
Accounts Payable | 110.7M | 120.6M | 146.0M | 292.7M | 308.5M | 323.9M | |
Cash | 217.3M | 275.1M | 215.2M | 177.6M | 327.4M | 343.8M | |
Non Current Assets Total | 6.1B | 6.5B | 6.6B | 6.8B | 7.5B | 4.6B | |
Non Currrent Assets Other | 1.4B | 1.6B | 1.6B | 1.6B | 135.8M | 129.1M | |
Cash And Short Term Investments | 217.3M | 300.1M | 215.2M | 177.6M | 327.4M | 343.8M | |
Net Receivables | 159.1M | 160.1M | 183.4M | 263.9M | 267.0M | 170.6M | |
Common Stock Total Equity | 868.3M | 869.2M | 874.9M | 882.2M | 1.0B | 605.2M | |
Liabilities And Stockholders Equity | 6.6B | 7.1B | 7.2B | 7.5B | 8.5B | 5.1B | |
Non Current Liabilities Total | 3.8B | 4.2B | 4.2B | 4.2B | 4.9B | 2.9B | |
Inventory | 114.1M | 96.6M | 95.6M | 107.2M | 160.5M | 168.5M | |
Other Current Assets | 57.0M | 65.4M | 76.9M | 120.4M | 226.3M | 237.6M | |
Other Stockholder Equity | (1.9M) | 2.6B | 6.8M | 2.9B | 2.6B | 2.7B | |
Total Liab | 4.2B | 4.5B | 4.5B | 4.7B | 5.6B | 3.4B | |
Property Plant And Equipment Gross | 4.5B | 4.7B | 4.9B | 5.2B | 8.3B | 8.7B | |
Total Current Assets | 565.1M | 642.4M | 595.9M | 693.7M | 1.0B | 506.8M | |
Accumulated Other Comprehensive Income | (36.3M) | (43.4M) | (40.0M) | (12.9M) | (17.2M) | (18.0M) | |
Short Term Debt | 100M | 95.8M | 93.9M | 0.0 | 49.8M | 90.0M | |
Common Stock | 868.3M | 869.2M | 874.9M | 882.2M | 888.6M | 618.7M | |
Other Liab | 2.1B | 2.2B | 2.2B | 2.0B | 2.3B | 1.2B | |
Other Assets | 1.4B | 1.6B | 1.6B | 1.6B | 1.8B | 1.1B | |
Long Term Debt | 1.7B | 2.0B | 2.0B | 2.2B | 2.8B | 1.6B | |
Property Plant Equipment | 4.5B | 4.7B | 4.9B | 5.2B | 5.9B | 3.7B | |
Noncontrolling Interest In Consolidated Entity | 5.9M | 6.5M | 6.8M | 7.4M | 8.5M | 4.5M | |
Retained Earnings Total Equity | 1.6B | 1.7B | 1.8B | 1.9B | 2.2B | 1.3B | |
Deferred Long Term Liab | 746.2M | 800.3M | 842.4M | 873.9M | 1.0B | 764.9M |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDACORP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade IDACORP Stock refer to our How to Trade IDACORP Stock guide.Note that the IDACORP information on this page should be used as a complementary analysis to other IDACORP'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 Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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Is IDACORP'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 IDACORP. If investors know IDACORP 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 IDACORP 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 (0.26) | Dividend Share 3.2 | Earnings Share 5.14 | Revenue Per Share 34.828 | Quarterly Revenue Growth (0.03) |
The market value of IDACORP is measured differently than its book value, which is the value of IDACORP that is recorded on the company's balance sheet. Investors also form their own opinion of IDACORP's value that differs from its market value or its book value, called intrinsic value, which is IDACORP'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 IDACORP's market value can be influenced by many factors that don't directly affect IDACORP'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 IDACORP's value and its price as these two are different measures arrived at by different means. Investors typically determine if IDACORP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IDACORP'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.