Brinker Property Plant Equipment vs Net Working Capital Analysis
| EAT Stock | USD 54.98 0.64 1.18% |
Brinker International financial indicator trend analysis is way more than just evaluating Brinker International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brinker International is a good investment. Please check the relationship between Brinker International Property Plant Equipment and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Brinker International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Brinker Stock please use our How to Invest in Brinker International guide.
Property Plant Equipment vs Net Working Capital
Property Plant Equipment vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brinker International Property Plant Equipment account and Net Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Brinker International's Property Plant Equipment and Net Working Capital is -0.08. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Brinker International, assuming nothing else is changed. The correlation between historical values of Brinker International's Property Plant Equipment 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 Property Plant Equipment of Brinker International 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 Property Plant Equipment i.e., Brinker International's Property Plant Equipment and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.08 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Property Plant Equipment
Net Working Capital
Most indicators from Brinker International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brinker International 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Brinker International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Brinker Stock please use our How to Invest in Brinker International guide.At this time, Brinker International's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 3.5 B in 2024, despite the fact that Tax Provision is likely to grow to (10.1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 499.2M | 500.1M | 575.1M | 857.5M | Total Revenue | 3.8B | 4.1B | 4.8B | 2.6B |
Brinker International fundamental ratios Correlations
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Brinker International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Brinker International fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.4B | 2.3B | 2.5B | 2.5B | 2.9B | 1.5B | |
| Short Long Term Debt Total | 2.3B | 1.9B | 2.3B | 2.0B | 2.3B | 2.5B | |
| Other Current Liab | 153.6M | 218.3M | 206.8M | (687.4M) | (790.5M) | (751.0M) | |
| Total Current Liabilities | 497.9M | 571.6M | 558M | 535.9M | 616.3M | 331.2M | |
| Total Stockholder Equity | (479.1M) | (303.3M) | (268.1M) | (144.3M) | (129.9M) | (123.4M) | |
| Property Plant And Equipment Net | 1.9B | 1.8B | 2.0B | 1.9B | 2.2B | 2.3B | |
| Net Debt | 2.2B | 1.9B | 2.3B | 3.2B | 3.6B | 3.8B | |
| Retained Earnings | (397.5M) | (266.1M) | (148.4M) | (351.9M) | (404.7M) | (384.5M) | |
| Cash | 43.9M | 23.9M | 13.5M | (1.1B) | (1.0B) | (962.6M) | |
| Non Current Assets Total | 2.1B | 2.1B | 2.3B | 2.3B | 2.6B | 2.8B | |
| Non Currrent Assets Other | 233.5M | 234.6M | 21M | 267.1M | 307.2M | 322.5M | |
| Cash And Short Term Investments | 43.9M | 23.9M | 13.5M | (1.1B) | (1.0B) | (962.6M) | |
| Net Receivables | 87.7M | 88.2M | 70.9M | 60.9M | 70.0M | 39.9M | |
| Common Stock Shares Outstanding | 38.9M | 46.6M | 45.6M | 45M | 40.5M | 38.5M | |
| Liabilities And Stockholders Equity | 2.4B | 2.3B | 2.5B | 2.5B | 2.9B | 1.5B | |
| Non Current Liabilities Total | 2.3B | 2.0B | 2.2B | 2.1B | 2.4B | 2.5B | |
| Inventory | 78.9M | 81.5M | 91.1M | 34.5M | 39.7M | 33.2M | |
| Other Current Assets | 13.9M | 13.6M | 25.7M | 72.8M | 83.7M | 60.6M | |
| Other Stockholder Equity | (82.4M) | (39.5M) | (121.4M) | 207.6M | 186.8M | 196.2M | |
| Total Liab | 2.8B | 2.6B | 2.8B | 2.6B | 3.0B | 3.2B | |
| Property Plant And Equipment Gross | 1.9B | 1.8B | 2.5B | 2.5B | 2.8B | 3.0B | |
| Total Current Assets | 224.4M | 207.2M | 201.2M | 183.3M | 210.8M | 185.1M | |
| Accumulated Other Comprehensive Income | (6.2M) | (4.7M) | (5.3M) | (6M) | (5.4M) | (5.7M) | |
| Short Term Debt | 129.5M | 119.2M | 133M | 1.0B | 1.2B | 1.2B | |
| Accounts Payable | 104.9M | 127.7M | 134.3M | 125.7M | 144.6M | 101.4M | |
| Good Will | 187.6M | 188.2M | 195.1M | 195M | 224.3M | 155.0M | |
| Intangible Assets | 23M | 21.1M | 27.4M | 23.9M | 21.5M | 20.4M | |
| Other Liab | 67.1M | 82M | 54.3M | 57.4M | 66.0M | 62.7M | |
| Other Assets | 61.1M | 285.5M | 83.5M | 141.6M | 162.8M | 94.8M | |
| Long Term Debt | 1.1B | 917.9M | 989.1M | 912.2M | 1.0B | 841.6M | |
| Treasury Stock | (751.8M) | (724.9M) | (812.3M) | (482.4M) | (434.2M) | (455.9M) | |
| Property Plant Equipment | 1.9B | 1.8B | 816.7M | 808.3M | 727.5M | 998.5M | |
| Current Deferred Revenue | 109.9M | 106.4M | 83.9M | 73M | 65.7M | 83.0M | |
| Net Tangible Assets | (689.7M) | (303.3M) | 660.5M | 762.6M | 877.0M | 920.8M | |
| Long Term Debt Total | 1.2B | 917.9M | 989.1M | 912.2M | 1.0B | 1.1B | |
| Capital Surpluse | 669.4M | 685.4M | 690.9M | 690M | 793.5M | 604.9M |
Pair Trading with Brinker International
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 Brinker International 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 Brinker International will appreciate offsetting losses from the drop in the long position's value.Moving against Brinker Stock
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The ability to find closely correlated positions to Brinker International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brinker International 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 Brinker International - 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 Brinker International to buy it.
The correlation of Brinker International 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 Brinker International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brinker International 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 Brinker International 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Brinker International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Brinker Stock please use our How to Invest in Brinker International guide.Note that the Brinker International information on this page should be used as a complementary analysis to other Brinker International's 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Brinker Stock analysis
When running Brinker International's price analysis, check to measure Brinker International'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 Brinker International is operating at the current time. Most of Brinker International's value examination focuses on studying past and present price action to predict the probability of Brinker International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brinker International's price. Additionally, you may evaluate how the addition of Brinker International to your portfolios can decrease your overall portfolio volatility.
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Is Brinker International'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 Brinker International. If investors know Brinker 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 Brinker International 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 (0.04) | Earnings Share 3.37 | Revenue Per Share 96.45 | Quarterly Revenue Growth 0.034 | Return On Assets 0.0618 |
The market value of Brinker International is measured differently than its book value, which is the value of Brinker that is recorded on the company's balance sheet. Investors also form their own opinion of Brinker International's value that differs from its market value or its book value, called intrinsic value, which is Brinker International'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 Brinker International's market value can be influenced by many factors that don't directly affect Brinker International'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 Brinker International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brinker International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brinker International'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.