Ranger Gross Profit vs Total Operating Expenses Analysis
RNGR Stock | USD 10.21 0.04 0.39% |
Ranger Energy financial indicator trend analysis is much more than just breaking down Ranger Energy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ranger Energy Services is a good investment. Please check the relationship between Ranger Energy Gross Profit and its Total Operating Expenses accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ranger Energy Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Gross Profit vs Total Operating Expenses
Gross Profit vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ranger Energy Services Gross Profit account and Total Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ranger Energy's Gross Profit and Total Operating Expenses is 0.61. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Ranger Energy Services, assuming nothing else is changed. The correlation between historical values of Ranger Energy's Gross Profit and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Ranger Energy Services are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Gross Profit i.e., Ranger Energy's Gross Profit and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Ranger Energy Services minus its cost of goods sold. It is profit before Ranger Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most indicators from Ranger Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ranger Energy Services 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 Ranger Energy Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, Ranger Energy's Tax Provision is relatively stable compared to the past year. As of 04/30/2024, Enterprise Value Over EBITDA is likely to grow to 3.56, while Issuance Of Capital Stock is likely to drop 0.00.
2023 | 2024 (projected) | Depreciation And Amortization | 39.9M | 30.3M | Interest Income | 6.7M | 3.7M |
Ranger Energy fundamental ratios Correlations
Click cells to compare fundamentals
Ranger Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ranger Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 293.5M | 240.6M | 393.1M | 381.6M | 378M | 298.1M | |
Short Long Term Debt Total | 55.6M | 33.5M | 68.3M | 28M | 14.9M | 14.2M | |
Total Current Liabilities | 55.1M | 33M | 102.7M | 74.5M | 69M | 56.6M | |
Other Liab | 700K | 1.8M | 5M | 4.7M | 5.4M | 5.7M | |
Net Tangible Assets | 103.9M | 101.9M | 240.8M | 259.1M | 298.0M | 312.9M | |
Property Plant And Equipment Net | 225.4M | 195.2M | 277.4M | 232.8M | 235.3M | 212.2M | |
Net Debt | 48.7M | 30.7M | 67.7M | 24.3M | (800K) | (760K) | |
Accounts Payable | 13.8M | 10.5M | 20.7M | 24.3M | 31.3M | 19.4M | |
Cash | 6.9M | 2.8M | 600K | 3.7M | 15.7M | 16.5M | |
Non Current Assets Total | 234.8M | 204.9M | 287.9M | 241.5M | 242.6M | 223.1M | |
Long Term Debt | 26.6M | 14.5M | 18.4M | 11.6M | 13.3M | 19.2M | |
Cash And Short Term Investments | 6.9M | 2.8M | 600K | 3.7M | 15.7M | 16.5M | |
Net Receivables | 42.7M | 27M | 93.8M | 118.1M | 85.4M | 57.5M | |
Common Stock Shares Outstanding | 8.6M | 8.5M | 13.6M | 23.4M | 25.0M | 13.4M | |
Long Term Debt Total | 7.3M | 51.3M | 30.2M | 11.6M | 13.3M | 21.8M | |
Liabilities And Stockholders Equity | 293.5M | 240.6M | 393.1M | 381.6M | 378M | 298.1M | |
Non Current Liabilities Total | 35.4M | 22.8M | 41.7M | 40.9M | 37.2M | 31.9M | |
Other Current Assets | 5.3M | 3.6M | 8.3M | 12.4M | 27.9M | 29.3M | |
Other Stockholder Equity | 121.1M | 120.1M | 256.4M | 258.8M | 243.1M | 178.8M | |
Total Liab | 90.5M | 55.8M | 144.4M | 115.4M | 106.2M | 88.4M | |
Property Plant And Equipment Gross | 225.4M | 189M | 277.4M | 232.8M | 431.9M | 235.5M | |
Total Current Assets | 58.7M | 35.7M | 105.2M | 140.1M | 135.4M | 75.0M | |
Short Term Debt | 20.9M | 12.5M | 44.1M | 6.8M | 8M | 15.5M | |
Property Plant Equipment | 225.4M | 195.2M | 277.4M | 232.8M | 267.7M | 206.4M | |
Non Currrent Assets Other | 1M | 1.6M | 100K | 1.2M | 2.7M | 1.3M | |
Capital Lease Obligations | 13.2M | 9M | 5.8M | 9.6M | 33.8M | 35.5M | |
Inventory | 3.8M | 2.3M | 2.5M | 5.9M | 6.4M | 4.5M | |
Non Current Liabilities Other | 700K | 1.8M | 17.5M | 19.7M | 22.7M | 23.8M | |
Intangible Assets | 9.3M | 8.5M | 7.8M | 7.1M | 6.3M | 6.9M | |
Current Deferred Revenue | 18.4M | 9.3M | 30.3M | 1.7M | 2.0M | 1.9M | |
Retained Earnings | (8.1M) | (18.4M) | (8M) | 7.1M | 28.4M | 29.8M |
Currently Active Assets on Macroaxis
When determining whether Ranger Energy Services is a strong investment it is important to analyze Ranger Energy'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 Ranger Energy's future performance. For an informed investment choice regarding Ranger 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 Ranger Energy Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Ranger Energy Services information on this page should be used as a complementary analysis to other Ranger Energy'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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Ranger Stock analysis
When running Ranger Energy's price analysis, check to measure Ranger Energy'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 Ranger Energy is operating at the current time. Most of Ranger Energy's value examination focuses on studying past and present price action to predict the probability of Ranger Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ranger Energy's price. Additionally, you may evaluate how the addition of Ranger Energy to your portfolios can decrease your overall portfolio volatility.
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum |
Is Ranger Energy'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 Ranger Energy. If investors know Ranger 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 Ranger Energy 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 (0.72) | Dividend Share 0.1 | Earnings Share 0.95 | Revenue Per Share 25.878 | Quarterly Revenue Growth (0.02) |
The market value of Ranger Energy Services is measured differently than its book value, which is the value of Ranger that is recorded on the company's balance sheet. Investors also form their own opinion of Ranger Energy's value that differs from its market value or its book value, called intrinsic value, which is Ranger Energy'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 Ranger Energy's market value can be influenced by many factors that don't directly affect Ranger Energy'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 Ranger Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ranger Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ranger Energy'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.