Mesa Other Current Assets vs Common Stock Total Equity Analysis
| MTR Stock | USD 9.13 0.58 6.78% |
Mesa Royalty financial indicator trend analysis is infinitely more than just investigating Mesa Royalty Trust recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mesa Royalty Trust is a good investment. Please check the relationship between Mesa Royalty Other Current Assets and its Common Stock Total Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mesa Royalty Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Other Current Assets vs Common Stock Total Equity
Other Current Assets vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mesa Royalty Trust Other Current Assets account and Common Stock Total Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Mesa Royalty's Other Current Assets and Common Stock Total Equity is -0.08. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Mesa Royalty Trust, assuming nothing else is changed. The correlation between historical values of Mesa Royalty's Other Current Assets and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Mesa Royalty Trust are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Other Current Assets i.e., Mesa Royalty's Other Current Assets and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | -0.08 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Most indicators from Mesa Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mesa Royalty Trust 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mesa Royalty Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. As of 05/17/2024, Enterprise Value is likely to grow to about 49.5 M, while Selling General Administrative is likely to drop slightly above 177.5 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 908.2K | 4.0M | 3.2M | 4.7M | Total Revenue | 908.2K | 4.1M | 3.4M | 4.7M |
Mesa Royalty fundamental ratios Correlations
Click cells to compare fundamentals
Mesa Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mesa Royalty fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.8M | 2.6M | 2.7M | 3.7M | 3.4M | 3.2M | |
| Total Stockholder Equity | 2.6M | 2.6M | 2.5M | 2.7M | 3.0M | 2.9M | |
| Liabilities And Stockholders Equity | 2.8M | 2.6M | 2.7M | 3.7M | 3.4M | 3.2M | |
| Other Stockholder Equity | 43.5M | 43.5M | 2.6M | 2.5M | 2.2M | 2.1M | |
| Other Current Liab | 566.5K | 255.8K | 242.0K | 1.1M | 366.6K | 348.2K | |
| Total Current Liabilities | 255.8K | 0.0 | 242.0K | 1.1M | 366.6K | 348.2K | |
| Property Plant And Equipment Net | 1.6M | 1.5M | 1.5M | 1.4M | 1.3M | 1.2M | |
| Net Debt | (977.2K) | (1.1M) | (1.3B) | (2.4K) | (2.1B) | (2.0B) | |
| Cash | 977.2K | 1.1M | 1.3B | 2.4K | 2.1B | 2.2B | |
| Non Current Assets Total | 1.6M | 1.5M | 1.5M | 1.4M | 1.3M | 1.2M | |
| Non Currrent Assets Other | (1.6M) | (1.5M) | (1.5M) | (1.4M) | (1.3M) | (1.2M) | |
| Cash And Short Term Investments | 1.2M | 1.1M | 1.3M | 2.4M | 2.1M | 1.6M | |
| Total Liab | 255.8K | 2.6M | 242.0K | 1.1M | 366.6K | 348.2K | |
| Property Plant And Equipment Gross | 1.8M | 1.6M | 42.5M | 41.0M | 48.9M | 51.3M | |
| Total Current Assets | 1.2M | 1.1M | 1.3M | 2.4M | 2.1M | 1.6M | |
| Common Stock | 2.6M | 2.6M | 2.5M | 2.7M | 3.0M | 2.9M | |
| Other Current Assets | (1.2M) | (1.1M) | 1.0M | (2.4K) | 1.7M | 1.8M | |
| Net Tangible Assets | 2.6M | 2.6M | 2.5M | 2.7M | 2.4M | 2.4M | |
| Property Plant Equipment | 1.8M | 1.6M | 1.5M | 1.5M | 1.3M | 1.7M | |
| Cash And Equivalents | 1.6M | 1.2M | 1.1M | 1.3M | 1.1M | 1.1M | |
| Short Term Investments | 4.0 | 255.8K | (1.3B) | 2.4K | (2.1B) | (2.0B) | |
| Net Working Capital | 977.2K | 1.1M | 1.0M | 1.3M | 1.7M | 1.3M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mesa Royalty Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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Is Mesa Royalty'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 Mesa Royalty. If investors know Mesa 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 Mesa Royalty 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 (0.77) | Dividend Share 1.488 | Earnings Share 1.53 | Revenue Per Share 1.821 | Quarterly Revenue Growth (0.71) |
The market value of Mesa Royalty Trust is measured differently than its book value, which is the value of Mesa that is recorded on the company's balance sheet. Investors also form their own opinion of Mesa Royalty's value that differs from its market value or its book value, called intrinsic value, which is Mesa Royalty'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 Mesa Royalty's market value can be influenced by many factors that don't directly affect Mesa Royalty'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 Mesa Royalty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mesa Royalty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mesa Royalty'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.