Planet Retained Earnings vs Common Stock Analysis
PLNT Stock | USD 63.54 0.15 0.24% |
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 Retained Earnings 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.
Retained Earnings vs Common Stock
Retained Earnings vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Planet Fitness Retained Earnings account and Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Planet Fitness' Retained Earnings and Common Stock is 0.68. Overlapping area represents the amount of variation of Retained Earnings 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' Retained Earnings 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 Retained Earnings 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 Retained Earnings i.e., Planet Fitness' Retained Earnings and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.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 |
Planet Fitness fundamental ratios Correlations
Click cells to compare fundamentals
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 against Planet Stock
0.42 | WEN | The Wendys Sell-off Trend | PairCorr |
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.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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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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.