Targa Current Deferred Revenue vs Net Working Capital Analysis
TRGP Stock | USD 116.13 0.55 0.48% |
Targa Resources financial indicator trend analysis is much more than just breaking down Targa Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Targa Resources is a good investment. Please check the relationship between Targa Resources Current Deferred Revenue and its Net Working Capital accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Targa Resources. 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. To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.
Current Deferred Revenue vs Net Working Capital
Current Deferred Revenue vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Targa Resources Current Deferred Revenue account and Net Working Capital. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Targa Resources' Current Deferred Revenue and Net Working Capital is 0.18. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Targa Resources, assuming nothing else is changed. The correlation between historical values of Targa Resources' Current Deferred Revenue and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Targa Resources are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Current Deferred Revenue i.e., Targa Resources' Current Deferred Revenue and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.18 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Net Working Capital
Most indicators from Targa Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Targa Resources 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 Targa Resources. 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. To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.As of 05/17/2024, Tax Provision is likely to grow to about 284 M, while Selling General Administrative is likely to drop slightly above 220.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.3B | 3.0B | 2.5B | 1.6B | Total Revenue | 16.9B | 20.9B | 15.6B | 10.3B |
Targa Resources fundamental ratios Correlations
Click cells to compare fundamentals
Targa Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Targa Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 232.5M | 232.2M | 228.6M | 231.1M | 226M | 134.9M | |
Total Assets | 18.8B | 15.9B | 15.2B | 19.6B | 22.0B | 12.4B | |
Short Long Term Debt Total | 7.9B | 7.8B | 6.6B | 11.6B | 13.0B | 13.7B | |
Other Current Liab | 110.5M | 142.6M | 258.2M | 455.9M | 565.3M | 593.6M | |
Total Current Liabilities | 1.9B | 1.8B | 2.3B | 3.1B | 2.8B | 1.6B | |
Total Stockholder Equity | 5.2B | 3.0B | 2.8B | 2.7B | 2.7B | 2.5B | |
Other Liab | 733.4M | 458.4M | 512.4M | 780.4M | 897.5M | 456.6M | |
Property Plant And Equipment Net | 14.5B | 12.2B | 11.7B | 14.2B | 15.8B | 9.2B | |
Current Deferred Revenue | 382.8M | 434.4M | 475.2M | 327.7M | 376.9M | 284.0M | |
Net Debt | 7.5B | 7.6B | 6.5B | 11.3B | 12.9B | 13.5B | |
Retained Earnings | (339.6M) | (1.9B) | (1.8B) | (626.8M) | 492M | 516.6M | |
Accounts Payable | 997.1M | 833.8M | 1.4B | 1.4B | 1.6B | 852.8M | |
Cash | 331.1M | 242.8M | 158.5M | 219M | 141.7M | 142.5M | |
Non Current Assets Total | 17.2B | 14.4B | 13.4B | 17.2B | 19.8B | 11.1B | |
Non Currrent Assets Other | 53.9M | 96.1M | 81.7M | (204.8M) | 140.6M | 147.6M | |
Other Assets | 47.4M | 860M | 89.4M | 122.9M | 141.3M | 160.3M | |
Long Term Debt | 7.4B | 7.4B | 6.4B | 10.5B | 12.1B | 12.7B | |
Cash And Short Term Investments | 331.1M | 242.8M | 158.5M | 219M | 253.6M | 203.6M | |
Net Receivables | 855M | 862.8M | 1.3B | 1.4B | 1.5B | 850.6M | |
Liabilities And Stockholders Equity | 18.8B | 15.9B | 15.2B | 19.6B | 22.0B | 12.4B | |
Non Current Liabilities Total | 8.2B | 7.9B | 7.0B | 11.5B | 14.7B | 15.4B | |
Inventory | 161.5M | 181.5M | 153.4M | 393.8M | 371.5M | 390.1M | |
Other Current Assets | 69.7M | 87.7M | 82.9M | 155.5M | 98.5M | 67.6M | |
Other Stockholder Equity | 5.2B | 4.7B | 4.1B | (16.3B) | (18.5B) | (17.6B) | |
Total Liab | 10.1B | 9.7B | 9.3B | 14.6B | 17.4B | 18.3B | |
Property Plant And Equipment Gross | 14.5B | 12.2B | 20.6B | 23.9B | 26.3B | 27.6B | |
Total Current Assets | 1.7B | 1.5B | 1.8B | 2.4B | 2.2B | 1.4B | |
Accumulated Other Comprehensive Income | 92.5M | (141.8M) | (230.9M) | 54.7M | 85.6M | 89.9M | |
Treasury Stock | (53.5M) | (150.9M) | (204.1M) | (464.7M) | (418.2M) | (397.3M) | |
Short Term Debt | 382.2M | 368.6M | 162.8M | 834.3M | 620.7M | 350.7M | |
Property Plant Equipment | 14.6B | 12.2B | 11.7B | 14.2B | 16.3B | 8.7B | |
Net Tangible Assets | 3.1B | 1.6B | 1.7B | (68.9M) | (79.2M) | (75.3M) | |
Noncontrolling Interest In Consolidated Entity | 3.5B | 3.2B | 3.2B | 2.3B | 2.7B | 2.5B | |
Retained Earnings Total Equity | (339.6M) | (1.9B) | (1.8B) | (626.8M) | (564.1M) | (592.3M) | |
Long Term Debt Total | 7.4B | 7.4B | 6.4B | 10.7B | 12.3B | 12.9B | |
Capital Surpluse | 5.2B | 4.8B | 4.3B | 3.7B | 4.3B | 3.8B |
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 ArchitectCheck out World Market Map to better understand how to build diversified portfolios, which includes a position in Targa Resources. 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. To learn how to invest in Targa Stock, please use our How to Invest in Targa Resources guide.Note that the Targa Resources information on this page should be used as a complementary analysis to other Targa Resources' 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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Targa Stock analysis
When running Targa Resources' price analysis, check to measure Targa Resources' 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 Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume |
Is Targa Resources' 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 Targa Resources. If investors know Targa 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 Targa Resources 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 42.844 | Dividend Share 2.25 | Earnings Share 4.85 | Revenue Per Share 71.981 | Quarterly Revenue Growth 0.009 |
The market value of Targa Resources is measured differently than its book value, which is the value of Targa that is recorded on the company's balance sheet. Investors also form their own opinion of Targa Resources' value that differs from its market value or its book value, called intrinsic value, which is Targa Resources' 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 Targa Resources' market value can be influenced by many factors that don't directly affect Targa Resources' 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 Targa Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Targa Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Targa Resources' 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.