EZCORP Gross Profit vs Inventory Turnover Analysis

EZPW Stock  USD 11.10  0.02  0.18%   
EZCORP financial indicator trend analysis is much more than just examining EZCORP Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EZCORP Inc is a good investment. Please check the relationship between EZCORP Gross Profit and its Inventory Turnover accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EZCORP Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

Gross Profit vs Inventory Turnover

Gross Profit vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EZCORP Inc Gross Profit account and Inventory Turnover. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between EZCORP's Gross Profit and Inventory Turnover is 0.4. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of EZCORP Inc, assuming nothing else is changed. The correlation between historical values of EZCORP's Gross Profit and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of EZCORP Inc are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Gross Profit i.e., EZCORP's Gross Profit and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

Gross Profit

Gross profit is a required income statement account that reflects total revenue of EZCORP Inc minus its cost of goods sold. It is profit before EZCORP operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Most indicators from EZCORP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EZCORP Inc 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 EZCORP Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
At this time, EZCORP's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 15.9 M in 2024, whereas Discontinued Operations is likely to drop (551.8 K) in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit528.1M609.8M701.3M736.4M
Total Revenue886.2M1.0B1.2B1.3B

EZCORP fundamental ratios Correlations

0.840.60.790.920.720.830.840.230.50.950.080.50.910.750.870.830.160.620.910.690.940.50.70.780.69
0.840.730.80.570.910.870.44-0.10.740.74-0.270.740.710.80.960.68-0.150.460.990.890.870.620.50.930.26
0.60.730.490.40.720.540.26-0.140.680.5-0.470.680.520.690.70.63-0.550.430.690.690.650.30.340.820.16
0.790.80.490.630.580.70.540.060.590.68-0.040.590.750.610.660.66-0.010.480.820.590.820.870.560.70.45
0.920.570.40.630.430.610.960.410.260.90.290.260.890.570.620.80.330.650.670.40.830.320.710.530.86
0.720.910.720.580.430.780.34-0.230.690.7-0.420.690.520.720.920.46-0.220.30.890.930.670.490.450.850.16
0.830.870.540.70.610.780.590.010.310.830.130.310.810.740.90.630.080.250.910.810.730.420.370.80.38
0.840.440.260.540.960.340.590.40.040.890.440.040.860.490.510.690.420.470.560.330.680.250.60.40.88
0.23-0.1-0.140.060.41-0.230.010.4-0.210.290.6-0.210.16-0.04-0.010.120.680.470.01-0.450.14-0.240.38-0.230.58
0.50.740.680.590.260.690.310.04-0.210.29-0.711.00.260.530.630.45-0.410.550.660.60.680.620.460.70.0
0.950.740.50.680.90.70.830.890.290.290.240.290.870.680.810.680.280.490.830.640.790.370.650.650.75
0.08-0.27-0.47-0.040.29-0.420.130.440.6-0.710.24-0.710.25-0.19-0.16-0.020.7-0.04-0.14-0.38-0.1-0.33-0.05-0.370.47
0.50.740.680.590.260.690.310.04-0.211.00.29-0.710.260.530.630.45-0.410.550.660.60.680.620.460.70.0
0.910.710.520.750.890.520.810.860.160.260.870.250.260.680.720.890.110.470.780.60.860.420.530.730.68
0.750.80.690.610.570.720.740.49-0.040.530.68-0.190.530.680.80.71-0.140.620.80.690.750.410.670.810.51
0.870.960.70.660.620.920.90.51-0.010.630.81-0.160.630.720.80.68-0.040.470.970.870.830.410.520.90.33
0.830.680.630.660.80.460.630.690.120.450.68-0.020.450.890.710.68-0.110.630.720.530.90.360.580.790.56
0.16-0.15-0.55-0.010.33-0.220.080.420.68-0.410.280.7-0.410.11-0.14-0.04-0.110.14-0.04-0.330.02-0.120.24-0.370.47
0.620.460.430.480.650.30.250.470.470.550.49-0.040.550.470.620.470.630.140.510.150.70.230.860.420.68
0.910.990.690.820.670.890.910.560.010.660.83-0.140.660.780.80.970.72-0.040.510.850.90.590.570.90.4
0.690.890.690.590.40.930.810.33-0.450.60.64-0.380.60.60.690.870.53-0.330.150.850.660.510.30.890.08
0.940.870.650.820.830.670.730.680.140.680.79-0.10.680.860.750.830.90.020.70.90.660.580.670.830.55
0.50.620.30.870.320.490.420.25-0.240.620.37-0.330.620.420.410.410.36-0.120.230.590.510.580.410.510.17
0.70.50.340.560.710.450.370.60.380.460.65-0.050.460.530.670.520.580.240.860.570.30.670.410.460.78
0.780.930.820.70.530.850.80.4-0.230.70.65-0.370.70.730.810.90.79-0.370.420.90.890.830.510.460.21
0.690.260.160.450.860.160.380.880.580.00.750.470.00.680.510.330.560.470.680.40.080.550.170.780.21
Click cells to compare fundamentals

EZCORP Account Relationship Matchups

EZCORP fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2B1.3B1.3B1.5B1.7B1.8B
Short Long Term Debt Total454.0M477.8M546.0M610.5M702.1M737.2M
Other Current Liab39.5M56.9M60.5M58.6M67.4M70.7M
Total Current Liabilities132.5M155.1M152.9M192.0M220.8M231.8M
Total Stockholder Equity649.1M672.2M692.2M745.8M857.6M900.5M
Property Plant And Equipment Net240.8M254.8M278.3M302.5M347.9M365.2M
Net Debt149.5M224.1M340.0M389.9M448.4M470.8M
Retained Earnings318.2M326.8M402.0M431.1M495.8M520.6M
Accounts Payable71.5M90.3M84.5M23.0M26.5M41.0M
Cash304.5M253.7M206.0M220.6M253.7M266.4M
Non Current Assets Total603.8M656.1M703.7M748.0M860.2M903.2M
Non Currrent Assets Other5.4M5.9M7.7M12.0M13.8M13.1M
Cash And Short Term Investments304.5M253.7M206.0M220.6M253.7M266.4M
Net Receivables151.9M205.2M243.5M320.2M368.2M386.6M
Common Stock Shares Outstanding55.3M55.9M82.4M80.9M93.0M58.6M
Liabilities And Stockholders Equity1.2B1.3B1.3B1.5B1.7B1.8B
Non Current Liabilities Total415.4M439.6M502.8M530.0M609.5M639.9M
Inventory95.9M111.0M151.6M166.5M191.4M201.0M
Other Current Assets40.9M41.0M34.6M4.1M4.7M4.5M
Other Stockholder Equity398.5M403.3M345.3M346.2M398.1M238.0M
Total Liab547.9M594.7M655.6M721.9M830.2M871.7M
Property Plant And Equipment Gross240.8M254.8M278.3M579.8M666.8M700.2M
Total Current Assets593.3M610.9M644.2M719.7M827.7M869.1M
Accumulated Other Comprehensive Income(68.1M)(58.4M)(55.7M)(32.1M)(28.9M)(27.4M)
Short Term Debt50.0M52.3M52.3M91.4M105.2M110.4M
Intangible Assets58.6M62.1M56.8M58.2M66.9M36.9M
Current Deferred Revenue11.0M12.6M16.0M18.9M21.8M22.8M
Good Will257.6M285.8M286.8M302.4M347.7M209.9M
Common Stock Total Equity556K551K560K564K648.6K973.4K
Common Stock551K560K564K549K631.4K935K
Other Liab9.3M11.4M14.1M9.1M10.5M13.6M
Other Assets7.5M14.3M15.7M19.8M22.8M36.7M
Long Term Debt251.0M264.2M312.9M325.8M374.7M393.5M
Property Plant Equipment67.4M57.0M53.8M278.3M320.1M336.1M
Net Tangible Assets376.4M332.9M324.4M348.6M313.7M309.3M
Retained Earnings Total Equity389.2M318.2M326.8M402.0M361.8M334.7M
Long Term Debt Total238.4M251.0M264.2M312.9M359.8M274.4M
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 EZCORP 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, EZCORP's short interest history, or implied volatility extrapolated from EZCORP options trading.

Pair Trading with EZCORP

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

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Moving against EZCORP Stock

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The ability to find closely correlated positions to EZCORP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EZCORP 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 EZCORP - 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 EZCORP Inc to buy it.
The correlation of EZCORP 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 EZCORP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EZCORP Inc 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 EZCORP 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 CorrelationCorrelation Matching
When determining whether EZCORP Inc is a strong investment it is important to analyze EZCORP'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 EZCORP's future performance. For an informed investment choice regarding EZCORP Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EZCORP Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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Is EZCORP'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 EZCORP. If investors know EZCORP 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 EZCORP 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
0.409
Earnings Share
0.8
Revenue Per Share
19.623
Quarterly Revenue Growth
0.135
Return On Assets
0.0457
The market value of EZCORP Inc is measured differently than its book value, which is the value of EZCORP that is recorded on the company's balance sheet. Investors also form their own opinion of EZCORP's value that differs from its market value or its book value, called intrinsic value, which is EZCORP'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 EZCORP's market value can be influenced by many factors that don't directly affect EZCORP'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 EZCORP's value and its price as these two are different measures arrived at by different means. Investors typically determine if EZCORP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EZCORP'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.