These values are very important to financial managers and investors.
Respond to at least two of your classmates by commenting on their posts. Do you see any additional value in their data? Though two replies are the basic expectation for class discussions, for deeper engagement and learning you are encouraged to provide responses to any comments or questions others have given to you. Continuing to engage with peers and the instructor will further the conversation and provide you with opportunities to demonstrate your content expertise, critical thinking, and real-world experiences with the discussion topics.
Miguel Benitez
12:26amMar 11 at 12:26am
I currently investigated SoCalGas 2020 Financial and Operation Results. One needs to note that SoCalGas is one of the Subsidiaries of Sempra Energy. The Sempra Energy 2020 Financial and Operation Results were found in the following Link:
Sempra Energy Delivers Strong Full-Year 2020 Financial And Operational Results (Links to an external site.)In the report, three data points can assist an individual to receive an accurate calculation of the total current assets of Sempra Energy for the 4th quarter of 2019 or 2020. The assets data point consisted of inventories, account receivable-trade, and income taxes receivable. The data points provided the year of December 31, 2019, and 2020 information of the number of assets in dollar units the company had received. On December 31, 2020, the inventories increased to $308 from the previous 4th quarter of 2019 with a result of $277. The account receivable in trade had an increase of $1,578 in the 4th quarter of 2020 from the previous year of $1,261. The income taxes receivable increase slightly in 2020 by a dollar from the previous year 2019, with a result of $112.
These assets are considered an identifier variable that is categorical or qualitative. The column with the 4th quarter of 2019 and 2020 measures each asset by the dollar amount. This is a time series because we are considering all assets to be measured in dollar value. In this data set the main objective is to calculate the total assets of the company, which is not a measure of several variables at the same time point, also define as cross-sectional data (Sharpe et al., 2019, p. 10). Also, the measure in dollar value of each asset becomes quantitative in this case.
The important factor in the dataset is to minimize the number of inputs and easily compare the precise current assets provided in the 4th quarter of 2019 and 2020. The missing data that might be considered is the different impacts each subsidiary of Sempra Energy will have, such as SoCalGas. However, there is another dataset within the report that provides the total earnings each company has provided for each quarter. The quantitative data points will assist us in finding the type of impact each company has had on the total earnings they have provided to Sempra Energy.
These values are very important to financial managers and investors. It allows the company to make any adjustments required to continue a positive economic impact for the organization or for an investor to invest with calculated risk. The information that we can find in the report provides information on cash flows, assets, liabilities, and equity of the company. This information provides a financial manager or investor to further implement the data point to create ratios and create a clear picture of the company’s performance.
References:
Sharpe, N. D., De Veaux, R. D., & Velleman, P. F. (2019). Business statistics (4th ed.). Retrieved from https://www.redshelf.com
Sempra Energy (2020). Sempra Energy 2020 Financial and Operation Results. Retrieved from https://investor.sempra.com/node/39031/pdf
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