Par Other Current Assets vs Non Currrent Assets Other Analysis

PARR Stock  USD 29.29  0.33  1.11%   
Par Pacific financial indicator trend analysis is much more than just breaking down Par Pacific Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Par Pacific Holdings is a good investment. Please check the relationship between Par Pacific Other Current Assets and its Non Currrent Assets Other accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Par Pacific Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Other Current Assets vs Non Currrent Assets Other

Other Current Assets vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Par Pacific Holdings Other Current Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Par Pacific's Other Current Assets and Non Currrent Assets Other is 0.94. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Par Pacific Holdings, assuming nothing else is changed. The correlation between historical values of Par Pacific's Other Current Assets 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 Other Current Assets of Par Pacific Holdings 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 Other Current Assets i.e., Par Pacific's Other Current Assets and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

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 Par Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Par Pacific Holdings 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Par Pacific Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Par Pacific's Selling General Administrative is relatively stable compared to the past year. As of 05/11/2024, Tax Provision is likely to grow to about 7 M, while Issuance Of Capital Stock is likely to drop 0.00.
 2021 2022 2023 2024 (projected)
Total Operating Expenses347.8M404.6M91.4M122.9M
Cost Of Revenue4.4B6.5B7.4B7.8B

Par Pacific fundamental ratios Correlations

0.950.740.960.870.930.870.540.920.960.850.960.860.93-0.020.980.970.970.790.790.580.930.860.220.910.71
0.950.630.880.830.960.980.430.940.970.870.880.750.920.10.930.970.870.610.610.690.880.780.210.90.77
0.740.630.80.40.770.560.310.480.750.360.640.770.82-0.070.830.740.680.60.6-0.070.730.790.380.760.13
0.960.880.80.750.90.780.380.840.90.760.880.80.880.10.980.950.950.840.840.490.880.840.330.820.58
0.870.830.40.750.710.760.690.940.790.920.940.730.7-0.120.750.770.890.70.70.750.790.65-0.10.730.9
0.930.960.770.90.710.930.320.830.990.720.820.770.970.160.960.980.820.610.610.520.880.840.30.920.57
0.870.980.560.780.760.930.360.90.940.820.80.670.890.120.850.920.750.420.420.690.810.710.250.870.74
0.540.430.310.380.690.320.360.580.430.60.680.640.48-0.790.440.370.610.470.470.220.450.36-0.10.530.54
0.920.940.480.840.940.830.90.580.870.960.940.710.8-0.030.850.890.910.650.650.780.810.670.130.780.91
0.960.970.750.90.790.990.940.430.870.770.880.840.980.070.960.970.860.630.630.550.920.880.260.960.63
0.850.870.360.760.920.720.820.60.960.770.890.680.7-0.090.760.80.870.630.630.790.770.610.060.710.94
0.960.880.640.880.940.820.80.680.940.880.890.850.83-0.150.890.870.970.750.750.610.880.780.140.830.79
0.860.750.770.80.730.770.670.640.710.840.680.850.88-0.250.860.770.830.680.680.290.940.940.280.910.46
0.930.920.820.880.70.970.890.480.80.980.70.830.88-0.060.960.940.820.60.60.40.910.890.330.980.51
-0.020.1-0.070.1-0.120.160.12-0.79-0.030.07-0.09-0.15-0.25-0.060.030.13-0.1-0.04-0.040.280.070.080.06-0.11-0.03
0.980.930.830.980.750.960.850.440.850.960.760.890.860.960.030.980.920.760.760.470.920.890.340.920.57
0.970.970.740.950.770.980.920.370.890.970.80.870.770.940.130.980.890.690.690.590.890.830.330.90.66
0.970.870.680.950.890.820.750.610.910.860.870.970.830.82-0.10.920.890.880.880.580.870.790.170.80.73
0.790.610.60.840.70.610.420.470.650.630.630.750.680.6-0.040.760.690.881.00.380.710.67-0.010.570.48
0.790.610.60.840.70.610.420.470.650.630.630.750.680.6-0.040.760.690.881.00.380.710.67-0.010.570.48
0.580.69-0.070.490.750.520.690.220.780.550.790.610.290.40.280.470.590.580.380.380.490.32-0.120.420.87
0.930.880.730.880.790.880.810.450.810.920.770.880.940.910.070.920.890.870.710.710.490.980.290.920.59
0.860.780.790.840.650.840.710.360.670.880.610.780.940.890.080.890.830.790.670.670.320.980.350.90.39
0.220.210.380.33-0.10.30.25-0.10.130.260.060.140.280.330.060.340.330.17-0.01-0.01-0.120.290.350.27-0.09
0.910.90.760.820.730.920.870.530.780.960.710.830.910.98-0.110.920.90.80.570.570.420.920.90.270.52
0.710.770.130.580.90.570.740.540.910.630.940.790.460.51-0.030.570.660.730.480.480.870.590.39-0.090.52
Click cells to compare fundamentals

Par Pacific Account Relationship Matchups

Par Pacific fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B2.1B2.6B3.3B3.9B4.1B
Short Long Term Debt Total1.0B1.1B961.0M870.6M1.6B1.7B
Other Current Liab771.7M650.8M737.7M893.1M444.8M467.0M
Total Current Liabilities1.0B878.7M1.4B1.8B1.5B1.6B
Total Stockholder Equity648.2M246.3M265.7M644.5M1.3B1.4B
Property Plant And Equipment Net1.4B1.3B1.2B1.2B1.4B1.5B
Net Debt913.1M1.0B848.8M379.7M1.3B1.4B
Retained Earnings(67.9M)(477.0M)(559.1M)(200.7M)465.9M489.1M
Accounts Payable162.4M106.9M154.5M151.4M391.3M410.9M
Non Current Assets Total1.7B1.5B1.4B1.4B1.9B2.0B
Non Currrent Assets Other22.0M60.6M56.3M69.3M186.7M196.0M
Net Receivables228.7M111.7M195.1M252.9M367.2M385.6M
Common Stock Shares Outstanding50.5M53.3M58.3M59.9M61.0M64.1M
Liabilities And Stockholders Equity2.7B2.1B2.6B3.3B3.9B4.1B
Non Current Liabilities Total1.0B1.0B948.8M842.0M1.0B1.1B
Other Stockholder Equity715.1M726.5M821.7M836.5M860.8M539.9M
Total Liab2.1B1.9B2.3B2.6B2.5B2.7B
Property Plant And Equipment Gross1.4B1.3B1.6B1.6B1.9B2.0B
Total Current Assets1.0B636.5M1.1B1.9B2.0B2.1B
Accumulated Other Comprehensive Income582K(3.7M)2.5M8.1M8.2M8.6M
Cash126.0M68.3M112.2M490.9M279.4M293.4M
Cash And Short Term Investments126.0M68.3M112.2M490.9M279.4M293.4M
Short Term Debt92.3M116.9M64.5M77.0M673.3M706.9M
Common Stock Total Equity470K533K540K602K692.3K667.7K
Common Stock533K540K602K604K597K546.5K
Other Assets22.0M166.6M2.6B69.3M79.7M75.7M
Long Term Debt599.6M648.7M553.7M494.6M646.6M678.9M
Other Current Assets5.6M6.9M4.3M5.6M116.9M122.7M
Property Plant Equipment1.4B1.3B1.2B1.2B1.4B1.4B
Inventory615.9M429.9M790.3M1.0B1.2B1.3B
Other Liab70.1M45.9M52.3M48.4M55.7M58.5M
Current Deferred Revenue7.9M4.1M399.1M672.6M15.2M14.5M
Good Will195.9M128.0M127.3M129.3M129.3M81.4M
Intangible Assets21.5M18.9M16.2M13.6M10.9M16.6M
Net Tangible Assets430.8M99.4M122.2M501.6M576.9M605.7M
Retained Earnings Total Equity(148.2M)(108.8M)(477.0M)(559.1M)(643.0M)(675.1M)
Capital Surpluse617.9M715.1M726.5M821.7M739.5M540.3M

Par Pacific Investors Sentiment

The influence of Par Pacific'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 Par. 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 Par Pacific's public news can be used to forecast risks associated with an investment in Par. The trend in average sentiment can be used to explain how an investor holding Par can time the market purely based on public headlines and social activities around Par Pacific Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Par Pacific'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 Par Pacific'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 Par Pacific's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Par Pacific.
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 Par Pacific 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, Par Pacific's short interest history, or implied volatility extrapolated from Par Pacific options trading.

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When determining whether Par Pacific Holdings is a strong investment it is important to analyze Par Pacific's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Par Pacific's future performance. For an informed investment choice regarding Par Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Par Pacific Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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Is Par Pacific'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 Par Pacific. If investors know Par 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 Par Pacific 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
2.408
Earnings Share
7.98
Revenue Per Share
142.708
Quarterly Revenue Growth
0.175
Return On Assets
0.12
The market value of Par Pacific Holdings is measured differently than its book value, which is the value of Par that is recorded on the company's balance sheet. Investors also form their own opinion of Par Pacific's value that differs from its market value or its book value, called intrinsic value, which is Par Pacific'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 Par Pacific's market value can be influenced by many factors that don't directly affect Par Pacific'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 Par Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Par Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Par Pacific'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.