Pet Net Tangible Assets vs Total Assets Analysis

WOOF Stock  USD 1.51  0.05  3.21%   
Pet Acquisition financial indicator trend analysis is much more than just breaking down Pet Acquisition LLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pet Acquisition LLC is a good investment. Please check the relationship between Pet Acquisition Net Tangible Assets and its Total Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Pet Acquisition LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

Net Tangible Assets vs Total Assets

Net Tangible Assets vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pet Acquisition LLC Net Tangible Assets account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Pet Acquisition's Net Tangible Assets and Total Assets is 0.62. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Pet Acquisition LLC, assuming nothing else is changed. The correlation between historical values of Pet Acquisition's Net Tangible Assets and Total Assets 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 Tangible Assets of Pet Acquisition LLC are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Tangible Assets i.e., Pet Acquisition's Net Tangible Assets and Total Assets go up and down completely randomly.

Correlation Coefficient

0.62
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Total Assets

Total assets refers to the total amount of Pet Acquisition assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Pet Acquisition LLC books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Pet Acquisition's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pet Acquisition LLC 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Pet Acquisition LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
At this time, Pet Acquisition's Sales General And Administrative To Revenue is most likely to slightly decrease in the upcoming years. The Pet Acquisition's current Enterprise Value is estimated to increase to about 12.3 B, while Enterprise Value Over EBITDA is projected to decrease to 7.56.
 2021 2022 2023 2024 (projected)
Gross Profit2.4B2.4B2.4B2.5B
Total Revenue5.8B6.0B6.3B6.6B

Pet Acquisition fundamental ratios Correlations

0.980.810.510.790.440.87-0.480.780.851.00.83-0.180.730.360.490.850.830.020.520.860.740.860.36-0.310.93
0.980.80.540.740.440.82-0.440.780.880.970.86-0.130.740.320.490.820.830.10.540.830.70.870.32-0.250.91
0.810.80.440.970.490.84-0.670.980.660.80.72-0.170.410.10.40.850.970.260.820.90.970.960.1-0.160.76
0.510.540.440.480.340.150.310.330.440.50.440.50.48-0.490.50.130.350.570.640.170.440.44-0.49-0.270.25
0.790.740.970.480.470.81-0.580.910.570.790.63-0.110.380.010.380.790.90.260.820.850.990.880.01-0.290.67
0.440.440.490.340.470.32-0.20.480.280.440.290.280.11-0.140.470.290.430.410.470.370.50.45-0.140.270.35
0.870.820.840.150.810.32-0.740.850.740.870.77-0.390.650.590.410.990.88-0.130.420.990.780.860.59-0.180.89
-0.48-0.44-0.670.31-0.58-0.2-0.74-0.76-0.39-0.47-0.440.75-0.06-0.530.03-0.77-0.760.25-0.38-0.79-0.61-0.67-0.530.02-0.69
0.780.780.980.330.910.480.85-0.760.660.760.73-0.270.370.190.370.870.990.210.790.920.930.970.19-0.050.79
0.850.880.660.440.570.280.74-0.390.660.830.99-0.140.740.450.540.750.740.120.360.740.530.820.45-0.090.85
1.00.970.80.50.790.440.87-0.470.760.830.81-0.170.750.370.490.850.810.00.50.860.740.840.37-0.320.92
0.830.860.720.440.630.290.77-0.440.730.990.81-0.140.720.430.560.790.790.170.420.780.590.860.43-0.040.84
-0.18-0.13-0.170.5-0.110.28-0.390.75-0.27-0.14-0.17-0.140.07-0.590.48-0.38-0.330.640.02-0.38-0.1-0.23-0.590.35-0.45
0.730.740.410.480.380.110.65-0.060.370.740.750.720.070.470.590.620.45-0.070.080.580.310.530.47-0.170.65
0.360.320.1-0.490.01-0.140.59-0.530.190.450.370.43-0.590.470.110.590.25-0.6-0.430.51-0.010.241.00.040.58
0.490.490.40.50.380.470.410.030.370.540.490.560.480.590.110.410.360.560.240.40.380.460.110.420.4
0.850.820.850.130.790.290.99-0.770.870.750.850.79-0.380.620.590.410.89-0.10.430.990.780.880.59-0.080.89
0.830.830.970.350.90.430.88-0.760.990.740.810.79-0.330.450.250.360.890.150.760.940.90.990.25-0.130.85
0.020.10.260.570.260.41-0.130.250.210.120.00.170.64-0.07-0.60.56-0.10.150.51-0.050.30.23-0.60.36-0.13
0.520.540.820.640.820.470.42-0.380.790.360.50.420.020.08-0.430.240.430.760.510.520.830.74-0.43-0.190.42
0.860.830.90.170.850.370.99-0.790.920.740.860.78-0.380.580.510.40.990.94-0.050.520.840.920.51-0.120.89
0.740.70.970.440.990.50.78-0.610.930.530.740.59-0.10.31-0.010.380.780.90.30.830.840.88-0.01-0.210.64
0.860.870.960.440.880.450.86-0.670.970.820.840.86-0.230.530.240.460.880.990.230.740.920.880.24-0.10.86
0.360.320.1-0.490.01-0.140.59-0.530.190.450.370.43-0.590.471.00.110.590.25-0.6-0.430.51-0.010.240.040.58
-0.31-0.25-0.16-0.27-0.290.27-0.180.02-0.05-0.09-0.32-0.040.35-0.170.040.42-0.08-0.130.36-0.19-0.12-0.21-0.10.04-0.18
0.930.910.760.250.670.350.89-0.690.790.850.920.84-0.450.650.580.40.890.85-0.130.420.890.640.860.58-0.18
Click cells to compare fundamentals

Pet Acquisition Account Relationship Matchups

Pet Acquisition fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.2B6.1B6.5B6.6B5.9B3.0B
Other Current Liab241.9M259.8M343.5M284.4M268.0M144.7M
Total Current Liabilities841.9M875.3M1.1B1.0B1.1B1.2B
Total Stockholder Equity569.4M2.1B2.3B2.4B1.2B1.1B
Property Plant And Equipment Net2.1B2.0B2.1B2.2B2.2B2.3B
Net Debt4.5B2.9B2.8B2.9B2.9B3.0B
Retained Earnings(780.5M)(22.3M)142.2M233.0M(1.0B)(994.9M)
Accounts Payable293.2M339.5M404.0M381.2M485.1M509.4M
Cash148.8M111.4M211.6M201.9M136.6M105.9M
Non Current Assets Total5.4B5.3B5.4B5.6B4.9B2.6B
Cash And Short Term Investments148.8M111.4M211.6M201.9M136.6M137.0M
Net Receivables31.5M41.8M55.6M49.6M50.9M50.3M
Common Stock Total Equity1.4B264K265K266K305.9K290.6K
Liabilities And Stockholders Equity6.2B6.1B6.5B6.6B5.9B3.0B
Non Current Liabilities Total4.8B3.1B3.2B3.2B3.6B3.8B
Inventory479.0M538.7M675.1M652.4M684.5M718.7M
Other Current Assets26.9M45.6M86.1M60.8M79.7M83.7M
Other Stockholder Equity(8.3M)2.1B2.1B2.2B2.2B2.3B
Total Liab5.6B4.0B4.2B4.2B4.7B4.9B
Property Plant And Equipment Gross2.1B2.0B2.1B2.2B2.5B2.7B
Total Current Assets711.0M777.5M1.1B1.0B951.7M999.3M
Common Stock1.4B264K265K266K269K255.6K
Non Currrent Assets Other(339.3M)(325.4M)(309.0M)(304.6M)190.8M200.3M
Accumulated Other Comprehensive Income(8.3M)(1.3M)(2.2M)(4.1M)1.8M1.9M
Short Long Term Debt Total4.7B3.0B3.0B3.1B3.0B2.2B
Short Term Debt306.9M260.5M287.7M332.6M326.5M172.4M
Other Liab353.9M403.8M452.5M410.0M369.0M346.5M
Net Tangible Assets(2.6B)(1.1B)(935.0M)(837.5M)(963.1M)(1.0B)
Other Assets122.4M(714K)152.8M176.8M203.3M128.1M
Long Term Debt3.2B1.6B1.6B1.6B1.5B1.8B
Capital Lease Obligations1.4B1.3B1.4B1.5B1.7B1.2B
Net Invested Capital3.8B3.7B3.9B4.0B4.6B4.3B
Short Long Term Debt28.6M2.2M21.8M22.8M20.5M16.6M
Capital Stock1.4B264K265K266K239.4K227.4K
Non Current Liabilities Other41.6M134.4M134.1M1.3B1.5B1.5B

Pet Acquisition Investors Sentiment

The influence of Pet Acquisition's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Pet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Pet Acquisition's public news can be used to forecast risks associated with an investment in Pet. The trend in average sentiment can be used to explain how an investor holding Pet can time the market purely based on public headlines and social activities around Pet Acquisition LLC. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Pet Acquisition's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Pet Acquisition's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Pet Acquisition's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Pet Acquisition.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Pet Acquisition in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Pet Acquisition's short interest history, or implied volatility extrapolated from Pet Acquisition options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Pet Acquisition LLC is a strong investment it is important to analyze Pet Acquisition's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pet Acquisition's future performance. For an informed investment choice regarding Pet Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Pet Acquisition LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

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When running Pet Acquisition's price analysis, check to measure Pet Acquisition'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 Pet Acquisition is operating at the current time. Most of Pet Acquisition's value examination focuses on studying past and present price action to predict the probability of Pet Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pet Acquisition's price. Additionally, you may evaluate how the addition of Pet Acquisition to your portfolios can decrease your overall portfolio volatility.
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Is Pet Acquisition'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 Pet Acquisition. If investors know Pet 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 Pet Acquisition 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
0.094
Earnings Share
(4.78)
Revenue Per Share
23.38
Quarterly Revenue Growth
0.061
Return On Assets
0.0047
The market value of Pet Acquisition LLC is measured differently than its book value, which is the value of Pet that is recorded on the company's balance sheet. Investors also form their own opinion of Pet Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Pet Acquisition'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 Pet Acquisition's market value can be influenced by many factors that don't directly affect Pet Acquisition'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 Pet Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pet Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pet Acquisition'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.