PHX Inventory vs Accounts Payable Analysis

PHX Stock

CAD 8.32 0.15 1.77%

PHX Energy financial indicator trend analysis is much more than just breaking down PHX Energy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PHX Energy Services is a good investment. Please check the relationship between PHX Energy Inventory and its Accounts Payable accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PHX Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Inventory vs Accounts Payable

Inventory vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PHX Energy Services Inventory account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.

The correlation between PHX Energy's Inventory and Accounts Payable is 0.93. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of PHX Energy Services, assuming nothing else is changed. The correlation between historical values of PHX Energy's Inventory and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of PHX Energy Services are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Inventory i.e., PHX Energy's Inventory and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Inventory

Accounts Payable

An accounting item on the balance sheet that represents PHX Energy 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 PHX Energy Services 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.

Most indicators from PHX Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PHX 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 PHX Energy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, PHX Energy's Tax Provision is very stable compared to the past year. As of the 1st of August 2025, Issuance Of Capital Stock is likely to grow to about 4.3 M, while Selling General Administrative is likely to drop about 35.7 M.

	2022	2023	2024	2025 (projected)
Total Operating Expenses	72.6M	74.1M	608.8M	639.2M
Cost Of Revenue	426.1M	506.2M	535.2M	561.9M

Total Operating Expenses Cost Of Revenue

PHX Energy 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	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.57	0.61	0.68	0.89	0.92	0.29	0.38	0.04	0.66	0.08	0.89	-0.39	0.08	0.9	0.57	0.37	0.73	0.7	0.16	-0.03	0.79	0.57	0.9	-0.04	0.47
Short Long Term Debt Total	0.57		0.21	0.21	0.32	0.73	0.36	0.92	0.43	0.14	-0.22	0.67	-0.44	-0.22	0.44	-0.12	-0.22	0.94	0.14	0.66	0.02	0.59	0.07	0.37	0.23	-0.12
Other Current Liab	0.61	0.21		0.86	0.4	0.43	0.49	-0.07	-0.04	0.83	0.33	0.33	0.22	0.33	0.68	0.33	0.24	0.43	0.89	-0.01	-0.05	0.82	0.81	0.75	-0.43	0.27
Total Current Liabilities	0.68	0.21	0.86		0.49	0.48	0.43	-0.09	-0.06	0.98	0.27	0.4	0.04	0.27	0.79	0.45	0.36	0.38	0.93	0.04	0.05	0.9	0.91	0.82	-0.4	0.36
Total Stockholder Equity	0.89	0.32	0.4	0.49		0.82	-0.02	0.21	-0.09	0.49	-0.04	0.89	-0.47	-0.04	0.72	0.72	0.51	0.45	0.59	-0.05	-0.11	0.52	0.41	0.71	0.09	0.65
Property Plant And Equipment Net	0.92	0.73	0.43	0.48	0.82		0.26	0.55	0.31	0.48	-0.07	0.96	-0.44	-0.07	0.7	0.34	0.09	0.84	0.53	0.33	0.08	0.72	0.44	0.69	0.2	0.24
Current Deferred Revenue	0.29	0.36	0.49	0.43	-0.02	0.26		0.12	0.25	0.46	0.48	0.14	0.19	0.48	0.29	-0.13	-0.21	0.52	0.4	0.01	0.05	0.56	0.46	0.38	-0.45	-0.19
Net Debt	0.38	0.92	-0.07	-0.09	0.21	0.55	0.12		0.41	-0.17	-0.43	0.55	-0.49	-0.43	0.27	-0.24	-0.27	0.79	-0.17	0.64	-0.05	0.3	-0.25	0.15	0.33	-0.18
Retained Earnings	0.04	0.43	-0.04	-0.06	-0.09	0.31	0.25	0.41		-0.02	-0.5	0.25	0.28	-0.5	-0.04	-0.73	-0.87	0.45	-0.13	0.32	0.27	0.2	0.01	-0.16	0.1	-0.8
Accounts Payable	0.66	0.14	0.83	0.98	0.49	0.48	0.46	-0.17	-0.02		0.31	0.39	0.08	0.31	0.74	0.43	0.32	0.35	0.93	-0.07	0.12	0.87	0.95	0.78	-0.39	0.33
Cash	0.08	-0.22	0.33	0.27	-0.04	-0.07	0.48	-0.43	-0.5	0.31		-0.19	0.06	1.0	0.06	0.37	0.37	-0.06	0.39	-0.28	-0.02	0.14	0.43	0.31	-0.23	0.32
Non Current Assets Total	0.89	0.67	0.33	0.4	0.89	0.96	0.14	0.55	0.25	0.39	-0.19		-0.52	-0.19	0.66	0.41	0.16	0.75	0.45	0.25	-0.04	0.62	0.33	0.62	0.19	0.34
Non Currrent Assets Other	-0.39	-0.44	0.22	0.04	-0.47	-0.44	0.19	-0.49	0.28	0.08	0.06	-0.52		0.06	-0.22	-0.44	-0.44	-0.32	0.07	-0.35	-0.1	-0.1	0.2	-0.18	-0.33	-0.53
Cash And Short Term Investments	0.08	-0.22	0.33	0.27	-0.04	-0.07	0.48	-0.43	-0.5	0.31	1.0	-0.19	0.06		0.06	0.37	0.37	-0.06	0.39	-0.28	-0.02	0.14	0.43	0.31	-0.23	0.32
Net Receivables	0.9	0.44	0.68	0.79	0.72	0.7	0.29	0.27	-0.04	0.74	0.06	0.66	-0.22	0.06		0.53	0.42	0.59	0.7	0.07	0.02	0.79	0.58	0.96	-0.26	0.43
Common Stock Total Equity	0.57	-0.12	0.33	0.45	0.72	0.34	-0.13	-0.24	-0.73	0.43	0.37	0.41	-0.44	0.37	0.53		0.93	-0.03	0.54	-0.27	-0.21	0.26	0.36	0.62	-0.09	0.96
Common Stock Shares Outstanding	0.37	-0.22	0.24	0.36	0.51	0.09	-0.21	-0.27	-0.87	0.32	0.37	0.16	-0.44	0.37	0.42	0.93		-0.2	0.42	-0.24	-0.2	0.12	0.23	0.49	-0.12	0.95
Non Current Liabilities Total	0.73	0.94	0.43	0.38	0.45	0.84	0.52	0.79	0.45	0.35	-0.06	0.75	-0.32	-0.06	0.59	-0.03	-0.2		0.35	0.5	0.07	0.73	0.3	0.56	0.11	-0.08
Inventory	0.7	0.14	0.89	0.93	0.59	0.53	0.4	-0.17	-0.13	0.93	0.39	0.45	0.07	0.39	0.7	0.54	0.42	0.35		-0.08	-0.04	0.84	0.94	0.8	-0.26	0.46
Other Current Assets	0.16	0.66	-0.01	0.04	-0.05	0.33	0.01	0.64	0.32	-0.07	-0.28	0.25	-0.35	-0.28	0.07	-0.27	-0.24	0.5	-0.08		0.02	0.27	-0.05	0.04	0.23	-0.26
Other Stockholder Equity	-0.03	0.02	-0.05	0.05	-0.11	0.08	0.05	-0.05	0.27	0.12	-0.02	-0.04	-0.1	-0.02	0.02	-0.21	-0.2	0.07	-0.04	0.02		0.07	0.06	-0.02	0.1	-0.28
Total Liab	0.79	0.59	0.82	0.9	0.52	0.72	0.56	0.3	0.2	0.87	0.14	0.62	-0.1	0.14	0.79	0.26	0.12	0.73	0.84	0.27	0.07		0.8	0.8	-0.23	0.19
Property Plant And Equipment Gross	0.57	0.07	0.81	0.91	0.41	0.44	0.46	-0.25	0.01	0.95	0.43	0.33	0.2	0.43	0.58	0.36	0.23	0.3	0.94	-0.05	0.06	0.8		0.69	-0.3	0.25
Total Current Assets	0.9	0.37	0.75	0.82	0.71	0.69	0.38	0.15	-0.16	0.78	0.31	0.62	-0.18	0.31	0.96	0.62	0.49	0.56	0.8	0.04	-0.02	0.8	0.69		-0.25	0.49
Short Term Debt	-0.04	0.23	-0.43	-0.4	0.09	0.2	-0.45	0.33	0.1	-0.39	-0.23	0.19	-0.33	-0.23	-0.26	-0.09	-0.12	0.11	-0.26	0.23	0.1	-0.23	-0.3	-0.25		-0.04
Common Stock	0.47	-0.12	0.27	0.36	0.65	0.24	-0.19	-0.18	-0.8	0.33	0.32	0.34	-0.53	0.32	0.43	0.96	0.95	-0.08	0.46	-0.26	-0.28	0.19	0.25	0.49	-0.04

Click cells to compare fundamentals

PHX Energy Account Relationship Matchups

PHX Energy fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	216.5M	262.5M	375.2M	385.5M	423.3M	240.0M
Short Long Term Debt Total	39.1M	35.9M	62.4M	44.8M	51.5M	39.9M
Other Current Liab	6.0M	2.5M	18.8M	11.6M	13.4M	14.0M
Total Current Liabilities	43.2M	86.1M	115.9M	113.1M	129.5M	135.9M
Total Stockholder Equity	132.0M	134.4M	176.9M	210.0M	222.2M	140.3M
Property Plant And Equipment Net	97.9M	102.1M	145.3M	155.3M	191.0M	109.2M
Net Debt	13.4M	11.0M	44.2M	28.3M	2.7M	2.5M
Retained Earnings	(136.9M)	(121.7M)	(112.1M)	(45.7M)	(28.3M)	(29.7M)
Accounts Payable	33.8M	80.4M	93.6M	98.3M	116.7M	122.5M
Cash	25.7M	24.8M	18.2M	16.4M	14.2M	10.0M
Non Current Assets Total	114.4M	121.3M	165.0M	178.5M	209.3M	132.3M
Non Currrent Assets Other	(91.0)	25.0	993.5K	1.3M	1.5M	1.5M
Cash And Short Term Investments	25.7M	24.8M	18.2M	16.4M	14.2M	10.0M
Net Receivables	44.9M	76.8M	125.8M	125.0M	133.6M	69.8M
Common Stock Shares Outstanding	52.6M	51.7M	50.7M	52.7M	45.5M	39.4M
Liabilities And Stockholders Equity	216.5M	262.5M	375.2M	385.5M	423.3M	240.0M
Non Current Liabilities Total	41.3M	42.0M	82.5M	62.4M	71.6M	43.7M
Inventory	26.7M	36.7M	63.1M	63.2M	63.1M	66.3M
Other Current Assets	2.3M	2.8M	3.0M	2.4M	2.8M	3.0M
Other Stockholder Equity	10.1M	9.5M	7.0M	7.2M	39.5M	21.9M
Total Liab	84.5M	128.1M	198.3M	175.5M	201.1M	211.1M
Property Plant And Equipment Gross	97.9M	372.7M	417.4M	441.6M	503.8M	529.0M
Total Current Assets	102.2M	141.2M	210.2M	207.0M	214.0M	107.8M
Short Term Debt	14.2M	3.4M	3.2M	2.9M	3.2M	0.0
Common Stock	247.5M	235.5M	251.3M	222.7M	203.8M	194.0M
Accumulated Other Comprehensive Income	11.3M	11.2M	30.6M	25.8M	29.7M	31.2M
Intangible Assets	16.2M	16.1M	15.7M	14.2M	14.6M	17.1M
Other Liab	5.4M	5.6M	9.3M	23.0M	26.4M	27.7M
Net Tangible Assets	122.1M	115.8M	118.3M	161.2M	145.1M	114.7M
Other Assets	289.5K	126.1K	1.0M	5.9M	1.5M	1.4M
Long Term Debt	13.9M	0.0	22.7M	7.6M	16.8M	25.5M
Property Plant Equipment	97.9M	102.1M	145.3M	155.3M	191.0M	109.3M
Long Term Debt Total	35.7M	32.6M	59.5M	41.5M	48.5M	42.5M
Capital Surpluse	10.1M	9.5M	7.0M	7.2M	7.2M	9.2M
Cash And Equivalents	25.7M	24.8M	18.2M	16.4M	14.2M	15.3M

Pair Trading with PHX Energy

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 PHX Energy 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 PHX Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with PHX Stock

0.76	ENB-PFV	Enbridge Pref 5	Pair Corr
0.79	ENB-PFC	Enbridge Pref 11	Pair Corr
0.76	ENB-PFU	Enbridge Pref L	Pair Corr

Moving against PHX Stock

0.76

ENS-PA

E Split Corp

Pair Corr

The ability to find closely correlated positions to PHX Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PHX Energy 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 PHX Energy - 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 PHX Energy Services to buy it.

The correlation of PHX Energy 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 PHX Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PHX Energy Services 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 PHX Energy 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

Other Information on Investing in PHX Stock

Balance Sheet is a snapshot of the financial position of PHX Energy Services at a specified time, usually calculated after every quarter, six months, or one year. PHX Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of PHX Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which PHX currently owns. An asset can also be divided into two categories, current and non-current.

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PHX Inventory vs Accounts Payable Analysis

Inventory vs Accounts Payable

Inventory vs Accounts Payable Correlation Analysis

Correlation Coefficient

Inventory

Accounts Payable

PHX Energy fundamental ratios Correlations

PHX Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PHX Energy fundamental ratios Accounts

Pair Trading with PHX Energy

Moving together with PHX Stock

Moving against PHX Stock

Other Information on Investing in PHX Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Accounts Payable	+ 0.98	Total Current Liabilities
Non Current Assets Total	+ 0.96	Property Plant And Equipment Net
Total Current Assets	+ 0.96	Net Receivables
Common Stock	+ 0.96	Common Stock Total Equity
Property Plant And Equipment Gross	+ 0.95	Accounts Payable

Common Stock Shares Outstanding	- 0.87	Retained Earnings
Common Stock	- 0.8	Retained Earnings
Common Stock Total Equity	- 0.73	Retained Earnings
Common Stock	- 0.53	Non Currrent Assets Other
Non Currrent Assets Other	- 0.52	Non Current Assets Total
Cash And Short Term Investments	- 0.5	Retained Earnings