Sitio Accounts Payable vs Non Currrent Assets Other Analysis

STR Stock

USD 22.48 0.34 1.54%

Sitio Royalties financial indicator trend analysis is much more than just breaking down Sitio Royalties Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sitio Royalties Corp is a good investment. Please check the relationship between Sitio Royalties Accounts Payable and its Non Currrent Assets Other accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sitio Royalties Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Accounts Payable vs Non Currrent Assets Other

Accounts Payable vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sitio Royalties Corp Accounts Payable account and Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Sitio Royalties' Accounts Payable and Non Currrent Assets Other is -0.33. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Sitio Royalties Corp, assuming nothing else is changed. The correlation between historical values of Sitio Royalties' Accounts Payable 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 Accounts Payable of Sitio Royalties Corp 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 Accounts Payable i.e., Sitio Royalties' Accounts Payable and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.33

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Sitio Royalties 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 Sitio Royalties Corp 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.

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 Sitio Royalties' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sitio Royalties Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sitio Royalties Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Sitio Royalties' Selling General Administrative is relatively stable compared to the past year. As of 06/06/2024, Tax Provision is likely to grow to about 7.7 M, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Total Revenue	120.6M	369.6M	593.4M	967.3M
Depreciation And Amortization	50.2M	130.1M	291.3M	164.8M

Total Revenue Depreciation And Amortization

Sitio Royalties fundamental ratios Correlations

	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	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Stockholder Equity	Non Currrent Assets Other
Total Assets		0.89	0.6	0.61	0.98	0.93	0.58	0.89	0.52	0.57	0.78	0.93	0.7	0.88	0.06	0.59	0.14	0.85	0.8	0.76	0.82	0.39	-0.32	0.5	0.36	-0.06
Short Long Term Debt Total	0.89		0.8	0.77	0.8	0.81	0.8	1.0	0.62	0.65	0.69	0.82	0.66	0.69	-0.25	0.55	0.08	0.98	0.89	0.96	0.87	0.45	-0.25	0.67	0.09	0.26
Other Current Liab	0.6	0.8		0.98	0.47	0.45	0.97	0.8	0.89	0.76	0.71	0.47	0.73	0.44	-0.07	0.7	0.17	0.83	0.9	0.88	0.87	0.72	-0.24	0.87	-0.41	0.08
Total Current Liabilities	0.61	0.77	0.98		0.49	0.46	0.97	0.77	0.93	0.83	0.69	0.47	0.74	0.51	0.06	0.78	0.17	0.78	0.89	0.84	0.88	0.78	-0.37	0.9	-0.42	-0.05
Total Stockholder Equity	0.98	0.8	0.47	0.49		0.95	0.44	0.79	0.4	0.46	0.76	0.95	0.67	0.91	0.13	0.55	0.12	0.76	0.7	0.66	0.76	0.32	-0.32	0.38	0.51	-0.14
Property Plant And Equipment Net	0.93	0.81	0.45	0.46	0.95		0.43	0.81	0.32	0.4	0.7	1.0	0.66	0.9	0.01	0.5	0.06	0.77	0.66	0.72	0.78	0.29	-0.34	0.32	0.59	-0.02
Current Deferred Revenue	0.58	0.8	0.97	0.97	0.44	0.43		0.8	0.9	0.81	0.65	0.44	0.7	0.44	-0.08	0.71	0.16	0.8	0.89	0.88	0.85	0.69	-0.33	0.9	-0.44	0.09
Net Debt	0.89	1.0	0.8	0.77	0.79	0.81	0.8		0.62	0.65	0.69	0.81	0.65	0.69	-0.26	0.54	0.07	0.98	0.89	0.96	0.86	0.45	-0.25	0.67	0.09	0.26
Retained Earnings	0.52	0.62	0.89	0.93	0.4	0.32	0.9	0.62		0.92	0.68	0.34	0.79	0.5	0.32	0.87	0.36	0.65	0.82	0.68	0.82	0.62	-0.53	0.92	-0.55	-0.31
Accounts Payable	0.57	0.65	0.76	0.83	0.46	0.4	0.81	0.65	0.92		0.55	0.42	0.74	0.62	0.34	0.89	0.37	0.64	0.74	0.67	0.8	0.44	-0.75	0.89	-0.42	-0.33
Cash	0.78	0.69	0.71	0.69	0.76	0.7	0.65	0.69	0.68	0.55		0.7	0.85	0.68	0.26	0.68	0.27	0.74	0.81	0.65	0.82	0.46	-0.21	0.59	0.06	-0.24
Non Current Assets Total	0.93	0.82	0.47	0.47	0.95	1.0	0.44	0.81	0.34	0.42	0.7		0.67	0.9	0.01	0.51	0.07	0.78	0.67	0.73	0.79	0.29	-0.35	0.34	0.57	-0.02
Cash And Short Term Investments	0.7	0.66	0.73	0.74	0.67	0.66	0.7	0.65	0.79	0.74	0.85	0.67		0.73	0.38	0.84	0.58	0.73	0.74	0.68	0.88	0.39	-0.54	0.69	-0.04	-0.37
Net Receivables	0.88	0.69	0.44	0.51	0.91	0.9	0.44	0.69	0.5	0.62	0.68	0.9	0.73		0.37	0.73	0.17	0.63	0.65	0.6	0.81	0.33	-0.65	0.45	0.42	-0.38
Good Will	0.06	-0.25	-0.07	0.06	0.13	0.01	-0.08	-0.26	0.32	0.34	0.26	0.01	0.38	0.37		0.58	0.39	-0.25	-0.02	-0.31	0.14	0.08	-0.58	0.13	-0.07	-1.0
Common Stock Shares Outstanding	0.59	0.55	0.7	0.78	0.55	0.5	0.71	0.54	0.87	0.89	0.68	0.51	0.84	0.73	0.58		0.36	0.54	0.65	0.56	0.83	0.5	-0.75	0.77	-0.23	-0.58
Short Term Investments	0.14	0.08	0.17	0.17	0.12	0.06	0.16	0.07	0.36	0.37	0.27	0.07	0.58	0.17	0.39	0.36		0.24	0.14	0.07	0.2	-0.13	-0.32	0.2	-0.18	-0.38
Non Current Liabilities Total	0.85	0.98	0.83	0.78	0.76	0.77	0.8	0.98	0.65	0.64	0.74	0.78	0.73	0.63	-0.25	0.54	0.24		0.89	0.95	0.85	0.42	-0.19	0.66	0.04	0.25
Other Current Assets	0.8	0.89	0.9	0.89	0.7	0.66	0.89	0.89	0.82	0.74	0.81	0.67	0.74	0.65	-0.02	0.65	0.14	0.89		0.88	0.9	0.64	-0.27	0.79	-0.16	0.03
Total Liab	0.76	0.96	0.88	0.84	0.66	0.72	0.88	0.96	0.68	0.67	0.65	0.73	0.68	0.6	-0.31	0.56	0.07	0.95	0.88		0.89	0.51	-0.27	0.73	-0.05	0.31
Total Current Assets	0.82	0.87	0.87	0.88	0.76	0.78	0.85	0.86	0.82	0.8	0.82	0.79	0.88	0.81	0.14	0.83	0.2	0.85	0.9	0.89		0.6	-0.53	0.79	-0.02	-0.14
Short Term Debt	0.39	0.45	0.72	0.78	0.32	0.29	0.69	0.45	0.62	0.44	0.46	0.29	0.39	0.33	0.08	0.5	-0.13	0.42	0.64	0.51	0.6		-0.11	0.57	-0.27	-0.08
Intangible Assets	-0.32	-0.25	-0.24	-0.37	-0.32	-0.34	-0.33	-0.25	-0.53	-0.75	-0.21	-0.35	-0.54	-0.65	-0.58	-0.75	-0.32	-0.19	-0.27	-0.27	-0.53	-0.11		-0.5	0.08	0.59
Common Stock	0.5	0.67	0.87	0.9	0.38	0.32	0.9	0.67	0.92	0.89	0.59	0.34	0.69	0.45	0.13	0.77	0.2	0.66	0.79	0.73	0.79	0.57	-0.5		-0.53	-0.12
Other Stockholder Equity	0.36	0.09	-0.41	-0.42	0.51	0.59	-0.44	0.09	-0.55	-0.42	0.06	0.57	-0.04	0.42	-0.07	-0.23	-0.18	0.04	-0.16	-0.05	-0.02	-0.27	0.08	-0.53		0.05
Non Currrent Assets Other	-0.06	0.26	0.08	-0.05	-0.14	-0.02	0.09	0.26	-0.31	-0.33	-0.24	-0.02	-0.37	-0.38	-1.0	-0.58	-0.38	0.25	0.03	0.31	-0.14	-0.08	0.59	-0.12	0.05

Click cells to compare fundamentals

Sitio Royalties Account Relationship Matchups

Sitio Royalties fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	290.3M	275.7M	1.2B	5.2B	4.8B	2.4B
Short Long Term Debt Total	42.5M	39.8M	134M	945.8M	872.5M	553.5M
Total Current Liabilities	2.2M	3.1M	4.6M	26.4M	31.8M	30.2M
Total Stockholder Equity	129.1M	139.8M	560.6M	1.7B	1.6B	1.0B
Property Plant And Equipment Net	219.7M	207.9M	1.2B	5.0B	4.6B	4.8B
Net Debt	40.0M	37.1M	121.6M	926.9M	857.3M	536.0M
Retained Earnings	22.7M	18.7M	9.6M	(9.2M)	(187.7M)	(178.4M)
Accounts Payable	2.2M	1.5M	175K	21.9M	268K	254.6K
Cash	2.5M	2.7M	12.4M	18.8M	15.2M	12.7M
Non Current Assets Total	278.7M	266.8M	1.2B	5.0B	4.6B	4.8B
Cash And Short Term Investments	2.5M	2.7M	12.4M	18.8M	15.2M	28.4M
Net Receivables	7.9M	5.4M	36.2M	142.0M	107.3M	125.7M
Common Stock Shares Outstanding	11.5M	21.5M	20.0M	13.7M	81.3M	88.1M
Liabilities And Stockholders Equity	290.3M	275.7M	1.2B	5.2B	4.8B	2.6B
Non Current Liabilities Total	43.1M	44.2M	135.1M	1.3B	1.1B	694.4M
Other Current Assets	1.2M	766K	1.2M	173.4M	31.4M	29.9M
Total Liab	45.3M	47.3M	139.7M	1.3B	1.2B	1.7B
Total Current Assets	11.6M	8.9M	48.8M	192.2M	154.0M	278.2M
Other Stockholder Equity	129.1M	121.1M	551.0M	1.7B	1.8B	1.9B
Non Currrent Assets Other	2.5M	3.0M	(50.0M)	8.8M	14.0M	14.7M
Long Term Debt Total	42.5M	39.8M	40M	938.9M	1.1B	1.1B
Capital Surpluse	117.6M	121.1M	121.0M	1.8B	2.0B	2.1B
Cash And Equivalents	2.5M	2.7M	2.8M	18.8M	21.6M	22.7M
Other Assets	979K	1.0M	2.1M	22.2M	20.0M	14.1M
Long Term Debt	42.5M	39.8M	40M	938.9M	865.3M	908.6M
Net Invested Capital	171.6M	163.3M	170.7M	2.7B	2.5B	2.6B
Net Working Capital	9.4M	5.8M	10.0M	165.8M	122.2M	128.3M

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

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

Additional Tools for Sitio Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Sitio Accounts Payable vs Non Currrent Assets Other Analysis

Accounts Payable vs Non Currrent Assets Other

Accounts Payable vs Non Currrent Assets Other Correlation Analysis

Correlation Coefficient

Accounts Payable

Non Currrent Assets Other

Sitio Royalties fundamental ratios Correlations

Sitio Royalties Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sitio Royalties fundamental ratios Accounts

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

Additional Tools for Sitio Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Total Current Liabilities	+ 0.98	Other Current Liab
Non Current Liabilities Total	+ 0.98	Net Debt

Non Currrent Assets Other	- 1.0	Good Will
Intangible Assets	- 0.75	Common Stock Shares Outstanding
Intangible Assets	- 0.75	Accounts Payable
Intangible Assets	- 0.65	Net Receivables
Non Currrent Assets Other	- 0.58	Common Stock Shares Outstanding
Intangible Assets	- 0.58	Good Will