Westlake Net Receivables vs Common Stock Shares Outstanding Analysis
WLK Stock | USD 160.23 2.90 1.84% |
Westlake Chemical financial indicator trend analysis is more than just analyzing Westlake Chemical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westlake Chemical is a good investment. Please check the relationship between Westlake Chemical Net Receivables and its Common Stock Shares Outstanding accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westlake Chemical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Westlake Stock please use our How to buy in Westlake Stock guide.
Net Receivables vs Common Stock Shares Outstanding
Net Receivables vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westlake Chemical Net Receivables account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very week relationship.
The correlation between Westlake Chemical's Net Receivables and Common Stock Shares Outstanding is 0.28. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Westlake Chemical, assuming nothing else is changed. The correlation between historical values of Westlake Chemical's Net Receivables and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Westlake Chemical are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Receivables i.e., Westlake Chemical's Net Receivables and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Receivables
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Westlake Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westlake Chemical 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westlake Chemical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Westlake Stock please use our How to buy in Westlake Stock guide.At this time, Westlake Chemical's Selling General Administrative is quite stable compared to the past year. Tax Provision is expected to rise to about 241.9 M this year, although Enterprise Value Over EBITDA will most likely fall to 5.55.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 11.8B | 15.8B | 12.5B | 13.2B | Depreciation And Amortization | 914M | 1.2B | 1.1B | 1.2B |
Westlake Chemical fundamental ratios Correlations
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Westlake Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Westlake Chemical fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.3B | 13.8B | 18.5B | 20.6B | 21.0B | 22.1B | |
Total Stockholder Equity | 5.9B | 6.0B | 8.0B | 9.9B | 10.2B | 10.8B | |
Net Debt | 2.7B | 2.3B | 3.3B | 2.7B | 1.6B | 1.1B | |
Cash | 728M | 1.3B | 1.9B | 2.2B | 3.3B | 3.5B | |
Cash And Short Term Investments | 728M | 1.3B | 1.9B | 2.2B | 3.3B | 3.5B | |
Common Stock Shares Outstanding | 128.8M | 128.1M | 128.7M | 128.8M | 128.6M | 136.0M | |
Liabilities And Stockholders Equity | 13.3B | 13.8B | 18.5B | 20.6B | 21.0B | 22.1B | |
Total Current Assets | 2.7B | 3.5B | 5.3B | 6.0B | 6.6B | 6.9B | |
Short Long Term Debt Total | 3.4B | 3.6B | 5.2B | 4.9B | 4.9B | 5.2B | |
Other Current Liab | 768M | 821M | 1.2B | (426M) | 1.6B | 1.7B | |
Total Current Liabilities | 1.2B | 1.4B | 2.3B | 2.3B | 2.8B | 2.9B | |
Other Liab | 1.8B | 2.3B | 2.7B | 2.4B | 2.8B | 2.9B | |
Property Plant And Equipment Net | 6.9B | 6.9B | 7.6B | 8.5B | 8.5B | 8.9B | |
Retained Earnings | 5.8B | 5.9B | 7.8B | 9.9B | 10.1B | 10.7B | |
Accounts Payable | 473M | 529M | 864M | 870M | 2.5B | 2.6B | |
Non Current Assets Total | 10.5B | 10.4B | 13.2B | 14.6B | 14.4B | 15.1B | |
Non Currrent Assets Other | 3.6B | 3.4B | 5.6B | (551M) | (212M) | (201.4M) | |
Other Assets | 268M | 2.2B | 5.6B | 569M | 654.4M | 581.3M | |
Long Term Debt | 3.4B | 3.6B | 4.9B | 4.9B | 4.6B | 4.8B | |
Net Receivables | 1.0B | 1.2B | 1.9B | 1.8B | 1.6B | 1.7B | |
Non Current Liabilities Total | 5.6B | 5.9B | 7.6B | 7.8B | 7.5B | 7.9B | |
Inventory | 936M | 918M | 1.4B | 1.9B | 1.6B | 1.7B | |
Other Current Assets | 42M | 32M | 80M | 78M | 82M | 47.5M | |
Other Stockholder Equity | 176M | 168M | 182M | 134M | 195M | 257.8M | |
Total Liab | 6.9B | 7.3B | 9.9B | 10.1B | 10.3B | 10.8B | |
Property Plant And Equipment Gross | 7.4B | 6.9B | 12.3B | 13.8B | 14.5B | 15.2B | |
Accumulated Other Comprehensive Income | (74M) | (64M) | (36M) | (89M) | (98M) | (93.1M) | |
Short Term Debt | 0.0 | 119M | 7M | 269M | 299M | 215.6M | |
Property Plant Equipment | 6.9B | 6.9B | 7.6B | 8.5B | 9.8B | 10.3B | |
Intangible Assets | 710M | 612M | 1.6B | 1.6B | 1.4B | 1.5B | |
Good Will | 1.1B | 1.1B | 2.0B | 2.2B | 2.0B | 2.1B | |
Net Tangible Assets | 4.1B | 4.8B | 4.4B | 6.2B | 7.1B | 3.8B | |
Noncontrolling Interest In Consolidated Entity | 543M | 535M | 573M | 534M | 614.1M | 377.7M | |
Retained Earnings Total Equity | 5.8B | 5.9B | 7.8B | 9.9B | 11.4B | 11.9B | |
Long Term Debt Total | 3.4B | 3.6B | 4.9B | 4.9B | 5.6B | 5.9B | |
Capital Surpluse | 553M | 569M | 581M | 601M | 691.2M | 597.2M |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westlake Chemical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Westlake Stock please use our How to buy in Westlake Stock guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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Is Westlake Chemical'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 Westlake Chemical. If investors know Westlake 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 Westlake Chemical 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 (0.56) | Dividend Share 1.857 | Earnings Share 1.99 | Revenue Per Share 95.048 | Quarterly Revenue Growth (0.11) |
The market value of Westlake Chemical is measured differently than its book value, which is the value of Westlake that is recorded on the company's balance sheet. Investors also form their own opinion of Westlake Chemical's value that differs from its market value or its book value, called intrinsic value, which is Westlake Chemical'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 Westlake Chemical's market value can be influenced by many factors that don't directly affect Westlake Chemical'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 Westlake Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westlake Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westlake Chemical'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.