IDACORP Inventory Turnover vs Cost of Revenue Analysis

IDA Stock

USD 90.22 1.44 1.57%

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 Inventory Turnover 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.

Inventory Turnover vs Cost Of Revenue

Inventory Turnover vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IDACORP Inventory Turnover account and Cost of Revenue. At this time, the significance of the direction appears to have strong relationship.

The correlation between IDACORP's Inventory Turnover and Cost of Revenue is 0.66. Overlapping area represents the amount of variation of Inventory Turnover 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 Inventory Turnover 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 Inventory Turnover 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 Inventory Turnover i.e., IDACORP's Inventory Turnover and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

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

Gross Profit Total Revenue

IDACORP 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		0.81	0.73	-0.07	0.42	0.76	0.79	0.57	0.76	0.58	0.23	0.28	0.83	0.35	0.28	0.6	0.68	0.85	0.55	0.11	-0.14	0.82	0.34	0.57	0.0	1.0
Total Assets	0.81		0.96	0.27	0.69	0.98	1.0	0.53	0.94	0.81	0.53	0.6	1.0	0.26	0.6	0.85	0.77	0.99	0.59	0.4	0.24	0.99	0.57	0.9	-0.21	0.82
Short Long Term Debt Total	0.73	0.96		0.36	0.8	0.92	0.96	0.62	0.98	0.78	0.63	0.62	0.95	0.1	0.62	0.89	0.7	0.94	0.65	0.54	0.35	0.97	0.66	0.96	-0.19	0.74
Other Current Liab	-0.07	0.27	0.36		0.67	0.27	0.28	0.18	0.32	0.37	0.64	0.44	0.24	-0.13	0.42	0.41	0.0	0.18	0.34	0.54	0.53	0.27	0.45	0.45	-0.34	-0.06
Total Current Liabilities	0.42	0.69	0.8	0.67		0.64	0.69	0.61	0.8	0.6	0.76	0.49	0.66	0.07	0.48	0.76	0.3	0.62	0.53	0.62	0.56	0.71	0.62	0.77	0.01	0.43
Total Stockholder Equity	0.76	0.98	0.92	0.27	0.64		0.99	0.44	0.88	0.81	0.49	0.61	0.98	0.26	0.61	0.82	0.76	0.96	0.5	0.34	0.22	0.96	0.51	0.88	-0.24	0.78
Property Plant And Equipment Net	0.79	1.0	0.96	0.28	0.69	0.99		0.51	0.93	0.8	0.52	0.6	0.99	0.22	0.6	0.86	0.75	0.98	0.56	0.39	0.23	0.98	0.56	0.91	-0.22	0.8
Current Deferred Revenue	0.57	0.53	0.62	0.18	0.61	0.44	0.51		0.67	0.64	0.73	0.47	0.51	-0.01	0.46	0.67	0.51	0.53	0.79	0.71	0.35	0.58	0.76	0.61	-0.02	0.53
Net Debt	0.76	0.94	0.98	0.32	0.8	0.88	0.93	0.67		0.73	0.63	0.51	0.93	0.12	0.5	0.91	0.68	0.93	0.67	0.53	0.31	0.96	0.64	0.9	-0.17	0.77
Retained Earnings	0.58	0.81	0.78	0.37	0.6	0.81	0.8	0.64	0.73		0.8	0.87	0.79	0.01	0.86	0.76	0.63	0.76	0.78	0.72	0.49	0.8	0.86	0.83	-0.16	0.55
Accounts Payable	0.23	0.53	0.63	0.64	0.76	0.49	0.52	0.73	0.63	0.8		0.72	0.49	-0.2	0.7	0.74	0.28	0.45	0.76	0.94	0.76	0.54	0.9	0.7	-0.17	0.2
Cash	0.28	0.6	0.62	0.44	0.49	0.61	0.6	0.47	0.51	0.87	0.72		0.56	-0.21	1.0	0.5	0.43	0.54	0.66	0.73	0.57	0.59	0.83	0.78	-0.12	0.25
Non Current Assets Total	0.83	1.0	0.95	0.24	0.66	0.98	0.99	0.51	0.93	0.79	0.49	0.56		0.3	0.56	0.83	0.77	0.99	0.57	0.35	0.2	0.99	0.53	0.88	-0.2	0.84
Non Currrent Assets Other	0.35	0.26	0.1	-0.13	0.07	0.26	0.22	-0.01	0.12	0.01	-0.2	-0.21	0.3		-0.19	0.04	0.21	0.29	-0.24	-0.38	-0.15	0.26	-0.31	-0.02	0.05	0.37
Cash And Short Term Investments	0.28	0.6	0.62	0.42	0.48	0.61	0.6	0.46	0.5	0.86	0.7	1.0	0.56	-0.19		0.49	0.43	0.55	0.64	0.72	0.58	0.59	0.82	0.78	-0.11	0.26
Net Receivables	0.6	0.85	0.89	0.41	0.76	0.82	0.86	0.67	0.91	0.76	0.74	0.5	0.83	0.04	0.49		0.69	0.81	0.64	0.62	0.41	0.85	0.66	0.86	-0.4	0.6
Common Stock Total Equity	0.68	0.77	0.7	0.0	0.3	0.76	0.75	0.51	0.68	0.63	0.28	0.43	0.77	0.21	0.43	0.69		0.79	0.48	0.24	-0.06	0.76	0.4	0.69	-0.4	0.67
Non Current Liabilities Total	0.85	0.99	0.94	0.18	0.62	0.96	0.98	0.53	0.93	0.76	0.45	0.54	0.99	0.29	0.55	0.81	0.79		0.59	0.34	0.15	0.99	0.53	0.87	-0.21	0.86
Inventory	0.55	0.59	0.65	0.34	0.53	0.5	0.56	0.79	0.67	0.78	0.76	0.66	0.57	-0.24	0.64	0.64	0.48	0.59		0.8	0.35	0.63	0.91	0.65	-0.08	0.5
Other Current Assets	0.11	0.4	0.54	0.54	0.62	0.34	0.39	0.71	0.53	0.72	0.94	0.73	0.35	-0.38	0.72	0.62	0.24	0.34	0.8		0.71	0.43	0.95	0.65	-0.12	0.07
Other Stockholder Equity	-0.14	0.24	0.35	0.53	0.56	0.22	0.23	0.35	0.31	0.49	0.76	0.57	0.2	-0.15	0.58	0.41	-0.06	0.15	0.35	0.71		0.24	0.6	0.47	-0.05	-0.15
Total Liab	0.82	0.99	0.97	0.27	0.71	0.96	0.98	0.58	0.96	0.8	0.54	0.59	0.99	0.26	0.59	0.85	0.76	0.99	0.63	0.43	0.24		0.59	0.9	-0.19	0.83
Property Plant And Equipment Gross	0.34	0.57	0.66	0.45	0.62	0.51	0.56	0.76	0.64	0.86	0.9	0.83	0.53	-0.31	0.82	0.66	0.4	0.53	0.91	0.95	0.6	0.59		0.74	-0.05	0.3
Total Current Assets	0.57	0.9	0.96	0.45	0.77	0.88	0.91	0.61	0.9	0.83	0.7	0.78	0.88	-0.02	0.78	0.86	0.69	0.87	0.65	0.65	0.47	0.9	0.74		-0.28	0.58
Short Term Debt	0.0	-0.21	-0.19	-0.34	0.01	-0.24	-0.22	-0.02	-0.17	-0.16	-0.17	-0.12	-0.2	0.05	-0.11	-0.4	-0.4	-0.21	-0.08	-0.12	-0.05	-0.19	-0.05	-0.28		-0.01
Common Stock	1.0	0.82	0.74	-0.06	0.43	0.78	0.8	0.53	0.77	0.55	0.2	0.25	0.84	0.37	0.26	0.6	0.67	0.86	0.5	0.07	-0.15	0.83	0.3	0.58	-0.01

Click cells to compare fundamentals

IDACORP Account Relationship Matchups

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

IDACORP Investors Sentiment

The influence of IDACORP's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in IDACORP. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to IDACORP's public news can be used to forecast risks associated with an investment in IDACORP. The trend in average sentiment can be used to explain how an investor holding IDACORP can time the market purely based on public headlines and social activities around IDACORP. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

IDACORP's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for IDACORP's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average IDACORP's news discussions. The higher the estimated score, the more favorable is the investor's outlook on IDACORP.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards IDACORP in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, IDACORP's short interest history, or implied volatility extrapolated from IDACORP options trading.

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When determining whether IDACORP offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IDACORP's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Idacorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Idacorp Stock:

How To Invest In IDACORP

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Is IDACORP Stock a good investment?

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What is IDACORP's Net Worth?

Details

Largest Electric Utilities Companies

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Largest Utilities - Regulated Electric Companies

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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.

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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

Complementary Tools for IDACORP Stock analysis

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

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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.

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IDACORP Inventory Turnover vs Cost of Revenue Analysis

Inventory Turnover vs Cost Of Revenue

Inventory Turnover vs Cost of Revenue Correlation Analysis

Correlation Coefficient

Inventory Turnover

Cost Of Revenue

IDACORP fundamental ratios Correlations

IDACORP Account Relationship Matchups

High Positive Relationship

High Negative Relationship

IDACORP fundamental ratios Accounts

IDACORP Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for IDACORP Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Shares Outstanding
Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets

Short Term Debt	- 0.4	Common Stock Total Equity
Short Term Debt	- 0.4	Net Receivables
Other Current Assets	- 0.38	Non Currrent Assets Other
Short Term Debt	- 0.34	Other Current Liab
Property Plant And Equipment Gross	- 0.31	Non Currrent Assets Other
Short Term Debt	- 0.28	Total Current Assets