Mesa Retained Earnings vs Net Tangible Assets Analysis

MTR Stock

USD 5.84 0.14 2.46%

Mesa Royalty financial indicator trend analysis is infinitely more than just investigating Mesa Royalty Trust recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mesa Royalty Trust is a good investment. Please check the relationship between Mesa Royalty Retained Earnings and its Net Tangible Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mesa Royalty Trust. 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.

Retained Earnings vs Net Tangible Assets

Retained Earnings vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mesa Royalty Trust Retained Earnings account and Net Tangible Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between Mesa Royalty's Retained Earnings and Net Tangible Assets is 0.32. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Mesa Royalty Trust, assuming nothing else is changed. The correlation between historical values of Mesa Royalty's Retained Earnings and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Mesa Royalty Trust are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Retained Earnings i.e., Mesa Royalty's Retained Earnings and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Mesa Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mesa Royalty Trust 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mesa Royalty Trust. 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.

As of 08/01/2025, Selling General Administrative is likely to drop to about 186.6 K. In addition to that, Sales General And Administrative To Revenue is likely to drop to 0.29

	2022	2023	2024	2025 (projected)
Gross Profit	4.0M	3.2M	643.6K	611.4K
Total Revenue	4.1M	3.3M	649.2K	616.7K

Gross Profit Total Revenue

Mesa Royalty fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Retained Earnings	Common Stock Shares Outstanding	Other Stockholder Equity	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Current Assets	Net Receivables	Inventory	Non Current Liabilities Total	Net Tangible Assets	Accounts Payable	Long Term Investments
Total Assets		-0.11	-0.24	0.65	-0.4	-0.53	-0.49	-0.18	-0.89	0.9	-0.18	0.33	0.78	1.0	-0.03	-0.44	0.58	1.0	-0.16	0.46	-0.09	0.05	0.0	-0.44	-0.31	-0.34
Total Stockholder Equity	-0.11		-0.66	-0.07	0.21	0.4	0.39	0.99	0.16	-0.16	0.99	0.33	-0.15	-0.12	0.98	0.17	-0.07	-0.12	0.99	-0.11	0.99	0.98	0.02	0.43	0.46	0.44
Retained Earnings	-0.24	-0.66		0.05	0.46	0.17	0.18	-0.57	0.25	-0.26	-0.57	-0.69	-0.26	-0.24	-0.79	0.03	-0.5	-0.24	-0.59	0.15	-0.73	-0.76	-0.04	0.32	0.05	0.26
Common Stock Shares Outstanding	0.65	-0.07	0.05		-0.1	-0.03	-0.01	-0.06	-0.55	0.56	-0.06	0.07	0.47	0.65	-0.11	-0.13	0.27	0.65	-0.07	0.2	-0.12	-0.02	0.0	-0.07	0.05	-0.01
Other Stockholder Equity	-0.4	0.21	0.46	-0.1		0.62	0.63	0.31	0.5	-0.5	0.31	-0.75	-0.51	-0.4	0.1	0.14	-0.8	-0.4	0.29	0.08	0.12	0.07	-0.36	0.82	0.44	0.75
Other Current Liab	-0.53	0.4	0.17	-0.03	0.62		0.99	0.49	0.61	-0.61	0.49	-0.31	-0.55	-0.53	0.28	0.42	-0.5	-0.53	0.47	-0.17	0.31	0.24	0.17	0.78	0.77	0.73
Total Current Liabilities	-0.49	0.39	0.18	-0.01	0.63	0.99		0.48	0.57	-0.57	0.48	-0.32	-0.51	-0.5	0.28	0.3	-0.52	-0.5	0.46	-0.09	0.31	0.24	0.16	0.78	0.75	0.73
Property Plant And Equipment Net	-0.18	0.99	-0.57	-0.06	0.31	0.49	0.48		0.23	-0.23	1.0	0.24	-0.24	-0.19	0.94	0.21	-0.17	-0.19	1.0	-0.12	0.96	0.94	0.03	0.55	0.55	0.55
Net Debt	-0.89	0.16	0.25	-0.55	0.5	0.61	0.57	0.23		-1.0	0.23	-0.4	-0.67	-0.89	0.08	0.51	-0.66	-0.89	0.21	-0.49	0.12	0.0	-0.05	0.54	0.35	0.43
Cash	0.9	-0.16	-0.26	0.56	-0.5	-0.61	-0.57	-0.23	-1.0		-0.23	0.39	0.68	0.9	-0.07	-0.51	0.66	0.9	-0.21	0.5	-0.12	0.0	0.04	-0.54	-0.35	-0.42
Non Current Assets Total	-0.18	0.99	-0.57	-0.06	0.31	0.49	0.48	1.0	0.23	-0.23		0.24	-0.24	-0.19	0.94	0.21	-0.17	-0.19	1.0	-0.12	0.96	0.94	0.03	0.55	0.55	0.55
Non Currrent Assets Other	0.33	0.33	-0.69	0.07	-0.75	-0.31	-0.32	0.24	-0.4	0.39	0.24		0.41	0.33	0.4	-0.03	0.71	0.33	0.27	0.02	0.39	0.44	0.6	-0.38	-0.1	-0.29
Other Assets	0.78	-0.15	-0.26	0.47	-0.51	-0.55	-0.51	-0.24	-0.67	0.68	-0.24	0.41		0.78	-0.08	-0.48	0.67	0.78	-0.2	0.61	-0.13	-0.02	0.0	-0.5	-0.34	-0.43
Cash And Short Term Investments	1.0	-0.12	-0.24	0.65	-0.4	-0.53	-0.5	-0.19	-0.89	0.9	-0.19	0.33	0.78		-0.04	-0.44	0.57	1.0	-0.17	0.46	-0.1	0.04	0.0	-0.44	-0.32	-0.34
Common Stock Total Equity	-0.03	0.98	-0.79	-0.11	0.1	0.28	0.28	0.94	0.08	-0.07	0.94	0.4	-0.08	-0.04		0.12	0.03	-0.04	0.95	-0.1	0.99	0.98	0.0	0.3	0.34	0.33
Total Liab	-0.44	0.17	0.03	-0.13	0.14	0.42	0.3	0.21	0.51	-0.51	0.21	-0.03	-0.48	-0.44	0.12		-0.05	-0.44	0.19	-0.56	0.14	0.08	0.11	0.29	0.39	0.26
Property Plant And Equipment Gross	0.58	-0.07	-0.5	0.27	-0.8	-0.5	-0.52	-0.17	-0.66	0.66	-0.17	0.71	0.67	0.57	0.03	-0.05		0.58	-0.14	0.27	0.0	0.08	0.29	-0.69	-0.36	-0.61
Total Current Assets	1.0	-0.12	-0.24	0.65	-0.4	-0.53	-0.5	-0.19	-0.89	0.9	-0.19	0.33	0.78	1.0	-0.04	-0.44	0.58		-0.17	0.46	-0.1	0.04	0.0	-0.44	-0.32	-0.34
Common Stock	-0.16	0.99	-0.59	-0.07	0.29	0.47	0.46	1.0	0.21	-0.21	1.0	0.27	-0.2	-0.17	0.95	0.19	-0.14	-0.17		-0.09	0.97	0.95	0.04	0.53	0.53	0.53
Other Current Assets	0.46	-0.11	0.15	0.2	0.08	-0.17	-0.09	-0.12	-0.49	0.5	-0.12	0.02	0.61	0.46	-0.1	-0.56	0.27	0.46	-0.09		-0.13	-0.07	0.07	0.07	-0.07	0.13
Net Receivables	-0.09	0.99	-0.73	-0.12	0.12	0.31	0.31	0.96	0.12	-0.12	0.96	0.39	-0.13	-0.1	0.99	0.14	0.0	-0.1	0.97	-0.13		0.99	0.0	0.33	0.37	0.34
Inventory	0.05	0.98	-0.76	-0.02	0.07	0.24	0.24	0.94	0.0	0.0	0.94	0.44	-0.02	0.04	0.98	0.08	0.08	0.04	0.95	-0.07	0.99		0.0	0.27	0.33	0.28
Non Current Liabilities Total	0.0	0.02	-0.04	0.0	-0.36	0.17	0.16	0.03	-0.05	0.04	0.03	0.6	0.0	0.0	0.0	0.11	0.29	0.0	0.04	0.07	0.0	0.0		0.11	0.23	0.19
Net Tangible Assets	-0.44	0.43	0.32	-0.07	0.82	0.78	0.78	0.55	0.54	-0.54	0.55	-0.38	-0.5	-0.44	0.3	0.29	-0.69	-0.44	0.53	0.07	0.33	0.27	0.11		0.73	0.98
Accounts Payable	-0.31	0.46	0.05	0.05	0.44	0.77	0.75	0.55	0.35	-0.35	0.55	-0.1	-0.34	-0.32	0.34	0.39	-0.36	-0.32	0.53	-0.07	0.37	0.33	0.23	0.73		0.73
Long Term Investments	-0.34	0.44	0.26	-0.01	0.75	0.73	0.73	0.55	0.43	-0.42	0.55	-0.29	-0.43	-0.34	0.33	0.26	-0.61	-0.34	0.53	0.13	0.34	0.28	0.19	0.98	0.73

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Mesa Royalty Account Relationship Matchups

Mesa Royalty fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.6M	2.7M	3.7M	3.4M	3.2B	3.3B
Total Stockholder Equity	2.6M	2.5M	2.7M	3.0M	3.1M	3.0M
Liabilities And Stockholders Equity	2.6M	2.7M	3.7M	3.4M	3.2M	3.0M
Other Stockholder Equity	2.6M	2.5M	2.7M	3.0M	3.1M	3.0M
Total Current Liabilities	0.0	242.0K	1.1M	366.6K	58.1K	55.2K
Property Plant And Equipment Net	1.5M	1.5M	1.4M	1.3M	1.3M	1.2M
Net Debt	(1.1M)	(1.3B)	(2.4K)	(2.1M)	(1.9B)	(1.8B)
Cash	1.1M	1.3B	2.4K	2.1M	1.9B	2.0B
Non Current Assets Total	1.5M	1.5M	1.4M	1.3M	1.3M	1.2M
Non Currrent Assets Other	(1.5M)	(1.5M)	(1.4M)	(1.3M)	(1.2M)	(1.2M)
Cash And Short Term Investments	1.1M	1.3M	2.4M	366.6K	1.9B	2.0B
Total Liab	2.6M	242.0K	1.1M	366.6K	58.1K	55.2K
Property Plant And Equipment Gross	1.8M	1.6M	42.5M	41.0M	48.9M	51.3M
Total Current Assets	1.1M	1.3M	2.4M	2.1M	1.9B	2.0B
Common Stock	2.6M	2.5M	2.7M	3.0M	2.7M	2.6M
Other Current Assets	(1.1M)	1.0M	(2.4K)	1.7M	1.6M	1.6M
Net Tangible Assets	2.6M	2.6M	2.5M	2.7M	2.4M	2.4M
Property Plant Equipment	1.5M	1.5M	1.4M	1.3M	1.3M	1.5M
Cash And Equivalents	1.1M	1.3M	2.4M	2.1M	1.9M	1.8M
Net Working Capital	1.1M	1.0M	1.3M	1.7M	1.9M	1.4M

Pair Trading with Mesa Royalty

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mesa Royalty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mesa Royalty will appreciate offsetting losses from the drop in the long position's value.

Moving against Mesa Stock

0.36

BSM

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Pair Corr

The ability to find closely correlated positions to Mesa Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mesa Royalty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mesa Royalty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mesa Royalty Trust to buy it.

The correlation of Mesa Royalty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mesa Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mesa Royalty Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Mesa Royalty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Mesa Stock Analysis

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

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