Planet Property Plant And Equipment Net vs Cash And Short Term Investments Analysis
PLNT Stock | USD 68.07 2.14 3.25% |
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 Property Plant And Equipment Net and its Cash And Short Term Investments 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 closely tied 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.
Property Plant And Equipment Net vs Cash And Short Term Investments
Property Plant And Equipment Net vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Planet Fitness Property Plant And Equipment Net account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Planet Fitness' Property Plant And Equipment Net and Cash And Short Term Investments is 0.71. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Cash And Short Term Investments 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' Property Plant And Equipment Net and Cash And Short Term Investments 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 And Equipment Net of Planet Fitness are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Property Plant And Equipment Net i.e., Planet Fitness' Property Plant And Equipment Net and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Planet Fitness balance sheet. This account contains Planet Fitness investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Planet Fitness fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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 closely tied 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 |
Planet Fitness fundamental ratios Correlations
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Planet Fitness Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 together with Planet Stock
Moving against Planet Stock
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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.Additional 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.