Planet Net Working Capital vs Common Stock Analysis

PLNT Stock

USD 63.27 2.13 3.26%

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

For more information on how to buy Planet Stock please use our How to Invest in Planet Fitness guide.

Net Working Capital vs Common Stock

Net Working Capital vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Planet Fitness Net Working Capital account and Common Stock. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Planet Fitness' Net Working Capital and Common Stock is -0.58. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Common Stock in the same time period over historical financial statements of Planet Fitness, assuming nothing else is changed. The correlation between historical values of Planet Fitness' Net Working Capital and Common Stock 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 Working Capital of Planet Fitness are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Working Capital i.e., Planet Fitness' Net Working Capital and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.58

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Working Capital

Common Stock

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

For more information on how to buy Planet Stock please use our How to Invest in Planet Fitness guide.Sales General And Administrative To Revenue is likely to gain to 0.13 in 2024, whereas Selling General Administrative is likely to drop slightly above 64.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	315.9M	474.0M	408.2M	267.8M
Total Revenue	587.0M	936.8M	1.1B	554.8M

Gross Profit Total Revenue

Planet Fitness fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Total Assets		0.97	0.95	0.98	-0.62	0.85	0.88	0.86	0.98	-0.43	0.83	0.98	-0.62	0.8	0.95	0.87	0.81	0.78	0.84	0.46	0.96	0.27	0.68	0.35	0.96	0.85
Short Long Term Debt Total	0.97		0.92	0.92	-0.78	0.89	0.83	0.8	0.99	-0.47	0.92	0.92	-0.73	0.87	1.0	0.94	0.8	0.67	0.88	0.37	0.99	0.12	0.78	0.19	0.99	0.78
Other Current Liab	0.95	0.92		0.98	-0.61	0.83	0.81	0.81	0.92	-0.3	0.82	0.92	-0.59	0.75	0.91	0.84	0.88	0.73	0.86	0.33	0.92	0.35	0.67	0.28	0.93	0.79
Total Current Liabilities	0.98	0.92	0.98		-0.54	0.81	0.86	0.86	0.94	-0.32	0.78	0.97	-0.56	0.73	0.9	0.82	0.84	0.79	0.83	0.47	0.91	0.38	0.58	0.39	0.92	0.85
Total Stockholder Equity	-0.62	-0.78	-0.61	-0.54		-0.84	-0.4	-0.37	-0.73	0.24	-0.88	-0.49	0.78	-0.87	-0.82	-0.86	-0.67	-0.15	-0.81	0.02	-0.82	0.24	-0.82	0.41	-0.8	-0.33
Other Liab	0.85	0.89	0.83	0.81	-0.84		0.65	0.67	0.88	-0.18	0.81	0.79	-0.68	0.98	0.91	0.83	0.9	0.5	0.91	0.3	0.93	0.08	0.68	-0.08	0.93	0.61
Property Plant And Equipment Net	0.88	0.83	0.81	0.86	-0.4	0.65		0.99	0.85	-0.61	0.67	0.88	-0.51	0.61	0.8	0.71	0.65	0.96	0.67	0.75	0.8	0.3	0.45	0.64	0.81	0.99
Current Deferred Revenue	0.86	0.8	0.81	0.86	-0.37	0.67	0.99		0.83	-0.53	0.61	0.88	-0.5	0.61	0.77	0.65	0.7	0.97	0.68	0.78	0.78	0.4	0.38	0.63	0.79	0.99
Net Debt	0.98	0.99	0.92	0.94	-0.73	0.88	0.85	0.83		-0.48	0.87	0.95	-0.7	0.85	0.99	0.9	0.81	0.72	0.85	0.42	0.99	0.18	0.73	0.24	0.99	0.81
Accounts Payable	-0.43	-0.47	-0.3	-0.32	0.24	-0.18	-0.61	-0.53	-0.48		-0.39	-0.42	0.38	-0.24	-0.45	-0.39	-0.12	-0.55	-0.22	-0.35	-0.42	0.09	-0.43	-0.44	-0.41	-0.56
Cash	0.83	0.92	0.82	0.78	-0.88	0.81	0.67	0.61	0.87	-0.39		0.71	-0.74	0.82	0.94	1.0	0.7	0.45	0.88	0.17	0.92	-0.09	0.89	0.01	0.92	0.62
Non Current Assets Total	0.98	0.92	0.92	0.97	-0.49	0.79	0.88	0.88	0.95	-0.42	0.71		-0.53	0.73	0.89	0.76	0.78	0.83	0.76	0.52	0.9	0.37	0.56	0.45	0.91	0.86
Non Currrent Assets Other	-0.62	-0.73	-0.59	-0.56	0.78	-0.68	-0.51	-0.5	-0.7	0.38	-0.74	-0.53		-0.67	-0.75	-0.74	-0.53	-0.36	-0.64	-0.19	-0.74	-0.18	-0.67	0.15	-0.73	-0.47
Other Assets	0.8	0.87	0.75	0.73	-0.87	0.98	0.61	0.61	0.85	-0.24	0.82	0.73	-0.67		0.89	0.83	0.83	0.43	0.89	0.25	0.91	-0.05	0.73	-0.12	0.91	0.56
Long Term Debt	0.95	1.0	0.91	0.9	-0.82	0.91	0.8	0.77	0.99	-0.45	0.94	0.89	-0.75	0.89		0.95	0.82	0.64	0.9	0.34	1.0	0.1	0.8	0.13	1.0	0.75
Cash And Short Term Investments	0.87	0.94	0.84	0.82	-0.86	0.83	0.71	0.65	0.9	-0.39	1.0	0.76	-0.74	0.83	0.95		0.71	0.49	0.89	0.24	0.94	-0.06	0.86	0.06	0.94	0.66
Net Receivables	0.81	0.8	0.88	0.84	-0.67	0.9	0.65	0.7	0.81	-0.12	0.7	0.78	-0.53	0.83	0.82	0.71		0.58	0.91	0.29	0.84	0.34	0.54	0.04	0.84	0.62
Good Will	0.78	0.67	0.73	0.79	-0.15	0.5	0.96	0.97	0.72	-0.55	0.45	0.83	-0.36	0.43	0.64	0.49	0.58		0.52	0.79	0.64	0.49	0.25	0.77	0.65	0.97
Common Stock Shares Outstanding	0.84	0.88	0.86	0.83	-0.81	0.91	0.67	0.68	0.85	-0.22	0.88	0.76	-0.64	0.89	0.9	0.89	0.91	0.52		0.28	0.91	0.14	0.7	0.01	0.91	0.63
Short Term Investments	0.46	0.37	0.33	0.47	0.02	0.3	0.75	0.78	0.42	-0.35	0.17	0.52	-0.19	0.25	0.34	0.24	0.29	0.79	0.28		0.35	0.3	-0.18	0.69	0.36	0.79
Non Current Liabilities Total	0.96	0.99	0.92	0.91	-0.82	0.93	0.8	0.78	0.99	-0.42	0.92	0.9	-0.74	0.91	1.0	0.94	0.84	0.64	0.91	0.35		0.11	0.79	0.13	1.0	0.76
Inventory	0.27	0.12	0.35	0.38	0.24	0.08	0.3	0.4	0.18	0.09	-0.09	0.37	-0.18	-0.05	0.1	-0.06	0.34	0.49	0.14	0.3	0.11		-0.16	0.36	0.12	0.33
Other Current Assets	0.68	0.78	0.67	0.58	-0.82	0.68	0.45	0.38	0.73	-0.43	0.89	0.56	-0.67	0.73	0.8	0.86	0.54	0.25	0.7	-0.18	0.79	-0.16		-0.14	0.78	0.38
Other Stockholder Equity	0.35	0.19	0.28	0.39	0.41	-0.08	0.64	0.63	0.24	-0.44	0.01	0.45	0.15	-0.12	0.13	0.06	0.04	0.77	0.01	0.69	0.13	0.36	-0.14		0.14	0.68
Total Liab	0.96	0.99	0.93	0.92	-0.8	0.93	0.81	0.79	0.99	-0.41	0.92	0.91	-0.73	0.91	1.0	0.94	0.84	0.65	0.91	0.36	1.0	0.12	0.78	0.14		0.77
Property Plant And Equipment Gross	0.85	0.78	0.79	0.85	-0.33	0.61	0.99	0.99	0.81	-0.56	0.62	0.86	-0.47	0.56	0.75	0.66	0.62	0.97	0.63	0.79	0.76	0.33	0.38	0.68	0.77

Click cells to compare fundamentals

Planet Fitness Account Relationship Matchups

Planet Fitness fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.8B	2.0B	2.9B	3.0B	1.7B
Short Long Term Debt Total	1.9B	1.9B	2.0B	2.3B	2.4B	1.4B
Other Current Liab	79.1M	48.3M	102.9M	149.4M	113.2M	69.2M
Total Current Liabilities	145.5M	111.9M	176.6M	244.5M	251.3M	144.0M
Total Stockholder Equity	(706.5M)	(705.9M)	(645.4M)	(199.0M)	(115.6M)	(121.4M)
Other Liab	438.7M	524.2M	544.3M	501.3M	576.5M	382.9M
Property Plant And Equipment Net	301.1M	324.9M	364.0M	695.8M	771.4M	810.0M
Current Deferred Revenue	27.6M	26.7M	28.4M	53.8M	59.6M	62.6M
Net Debt	1.4B	1.5B	1.4B	1.9B	2.1B	1.1B
Accounts Payable	21.3M	19.4M	27.9M	20.6M	23.8M	20.1M
Cash	436.3M	439.5M	545.9M	409.8M	322.1M	270.2M
Non Current Assets Total	1.2B	1.3B	1.4B	2.3B	2.5B	1.3B
Non Currrent Assets Other	1.9M	1.9M	2.0M	3.9M	3.9M	4.1M
Other Assets	414.2M	677.3M	541.3M	458.4M	527.2M	382.9M
Long Term Debt	1.7B	1.8B	1.7B	2.0B	2.0B	1.3B
Cash And Short Term Investments	436.3M	439.5M	545.9M	409.8M	397.0M	277.7M
Net Receivables	52.4M	38.7M	44.4M	66.7M	56.3M	47.9M
Common Stock Shares Outstanding	83.6M	80.3M	83.9M	84.5M	85.2M	73.5M
Liabilities And Stockholders Equity	1.7B	1.8B	2.0B	2.9B	3.0B	1.7B
Non Current Liabilities Total	2.3B	2.4B	2.5B	2.8B	2.8B	1.8B
Inventory	877K	473K	1.2M	5.3M	4.7M	3.2M
Other Current Assets	50.6M	88.2M	70.9M	79.2M	13.8M	13.1M
Other Stockholder Equity	29.8M	45.7M	63.4M	505.1M	575.6M	604.4M
Total Liab	2.4B	2.6B	2.7B	3.1B	3.1B	1.9B
Property Plant And Equipment Gross	301.1M	324.9M	516.3M	923.6M	1.1B	1.1B
Total Current Assets	540.1M	566.8M	662.4M	555.5M	471.8M	365.9M
Accumulated Other Comprehensive Income	303K	27K	12K	(448K)	172K	180.6K
Intangible Assets	233.9M	217.1M	200.9M	417.1M	372.5M	303.7M
Property Plant Equipment	301.1M	160.7M	364.0M	695.8M	800.1M	840.1M
Net Tangible Assets	(1.2B)	(1.2B)	(1.1B)	(1.3B)	(1.2B)	(1.2B)
Retained Earnings	(736.6M)	(751.6M)	(708.8M)	(703.7M)	(691.5M)	(656.9M)
Deferred Long Term Liab	16.2M	12.4M	1.1M	881K	792.9K	753.3K
Noncontrolling Interest In Consolidated Entity	(8.2M)	(1.3M)	196K	2.5M	2.9M	3.0M
Retained Earnings Total Equity	(394.4M)	(736.6M)	(751.6M)	(708.8M)	(637.9M)	(669.8M)

Pair Trading with Planet Fitness

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 Planet Fitness 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 Planet Fitness will appreciate offsetting losses from the drop in the long position's value.

Moving against Planet Stock

0.42

XPOF

Xponential Fitness

Pair Corr

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

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

When determining whether Planet Fitness is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Planet Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Planet Fitness Stock. Highlighted below are key reports to facilitate an investment decision about Planet Fitness Stock:

How To Invest In Planet

Details

Is Planet Stock a good investment?

Details

What is Planet Fitness' Net Worth?

Details

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Planet Fitness. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Planet Stock please use our How to Invest in Planet Fitness guide.

You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Planet Stock analysis

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

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Is Planet Fitness' 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 Planet Fitness. If investors know Planet 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 Planet Fitness 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

0.45

Earnings Share

1.74

Revenue Per Share

12.795

Quarterly Revenue Growth

0.111

Return On Assets

0.0633

The market value of Planet Fitness is measured differently than its book value, which is the value of Planet that is recorded on the company's balance sheet. Investors also form their own opinion of Planet Fitness' value that differs from its market value or its book value, called intrinsic value, which is Planet Fitness' 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 Planet Fitness' market value can be influenced by many factors that don't directly affect Planet Fitness' 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 Planet Fitness' value and its price as these two are different measures arrived at by different means. Investors typically determine if Planet Fitness is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Planet Fitness' 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.

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Planet Net Working Capital vs Common Stock Analysis

Net Working Capital vs Common Stock

Net Working Capital vs Common Stock Correlation Analysis

Correlation Coefficient

Net Working Capital

Common Stock

Planet Fitness fundamental ratios Correlations

Planet Fitness Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Planet Fitness fundamental ratios Accounts

Pair Trading with Planet Fitness

Moving against Planet Stock

Complementary Tools for Planet Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Liab	+ 1.0	Long Term Debt
Total Liab	+ 1.0	Non Current Liabilities Total
Net Debt	+ 0.99	Short Long Term Debt Total

Cash	- 0.88	Total Stockholder Equity
Other Assets	- 0.87	Total Stockholder Equity
Cash And Short Term Investments	- 0.86	Total Stockholder Equity
Other Liab	- 0.84	Total Stockholder Equity
Other Current Assets	- 0.82	Total Stockholder Equity
Non Current Liabilities Total	- 0.82	Total Stockholder Equity