Hims Non Currrent Assets Other vs Net Receivables Analysis

HIMS Stock  USD 11.26  0.98  8.01%   
Hims Hers financial indicator trend analysis is much more than just examining Hims Hers Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hims Hers Health is a good investment. Please check the relationship between Hims Hers Non Currrent Assets Other and its Net Receivables accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hims Hers Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Non Currrent Assets Other vs Net Receivables

Non Currrent Assets Other vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hims Hers Health Non Currrent Assets Other account and Net Receivables. At this time, the significance of the direction appears to have no relationship.
The correlation between Hims Hers' Non Currrent Assets Other and Net Receivables is 0.08. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Hims Hers Health, assuming nothing else is changed. The correlation between historical values of Hims Hers' Non Currrent Assets Other and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Hims Hers Health are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Non Currrent Assets Other i.e., Hims Hers' Non Currrent Assets Other and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.08
Relationship DirectionPositive 
Relationship StrengthInsignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Net Receivables

Most indicators from Hims Hers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hims Hers Health 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hims Hers Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Tax Provision is likely to gain to about 2.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 117.3 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit204.5M408.7M705.4M740.7M
Total Revenue271.9M526.9M872M915.6M

Hims Hers fundamental ratios Correlations

0.920.81-0.750.590.750.770.720.690.770.90.880.730.84-0.450.540.67-0.840.890.850.160.92-0.830.830.89-0.82
0.920.91-0.810.840.520.860.870.830.890.920.940.830.9-0.40.690.77-0.90.980.940.260.93-0.90.920.87-0.9
0.810.91-0.890.840.410.910.90.951.00.90.950.770.98-0.420.730.79-0.910.890.950.320.92-0.980.950.9-0.99
-0.75-0.81-0.89-0.79-0.29-0.96-0.91-0.96-0.9-0.93-0.93-0.9-0.960.68-0.8-0.840.91-0.87-0.930.0-0.910.95-0.94-0.890.9
0.590.840.84-0.790.050.810.940.880.860.790.850.810.83-0.320.720.72-0.780.860.880.270.77-0.830.880.69-0.84
0.750.520.41-0.290.050.250.250.190.340.550.50.250.42-0.3-0.090.09-0.330.410.450.020.59-0.430.440.65-0.41
0.770.860.91-0.960.810.250.860.950.920.890.910.90.95-0.610.910.95-0.980.920.90.080.9-0.940.90.85-0.9
0.720.870.9-0.910.940.250.860.940.910.920.950.860.93-0.470.670.7-0.820.880.970.180.89-0.940.970.85-0.92
0.690.830.95-0.960.880.190.950.940.970.870.920.840.97-0.510.820.84-0.90.860.940.20.88-0.970.940.85-0.95
0.770.891.0-0.90.860.340.920.910.970.880.930.770.98-0.410.750.8-0.90.880.950.330.9-0.980.950.88-0.99
0.90.920.9-0.930.790.550.890.920.870.880.990.910.95-0.660.640.73-0.890.940.97-0.010.99-0.950.970.97-0.9
0.880.940.95-0.930.850.50.910.950.920.930.990.890.97-0.590.680.76-0.910.950.990.10.99-0.980.990.97-0.95
0.730.830.77-0.90.810.250.90.860.840.770.910.890.84-0.770.790.84-0.90.920.87-0.240.89-0.830.870.83-0.75
0.840.90.98-0.960.830.420.950.930.970.980.950.970.84-0.540.750.81-0.930.910.970.20.96-1.00.980.94-0.98
-0.45-0.4-0.420.68-0.32-0.3-0.61-0.47-0.51-0.41-0.66-0.59-0.77-0.54-0.48-0.540.59-0.54-0.520.72-0.640.53-0.54-0.670.38
0.540.690.73-0.80.72-0.090.910.670.820.750.640.680.790.75-0.480.98-0.90.790.680.070.66-0.720.660.56-0.7
0.670.770.79-0.840.720.090.950.70.840.80.730.760.840.81-0.540.98-0.960.860.750.060.76-0.790.730.67-0.76
-0.84-0.9-0.910.91-0.78-0.33-0.98-0.82-0.9-0.9-0.89-0.91-0.9-0.930.59-0.9-0.96-0.95-0.89-0.08-0.910.91-0.88-0.850.88
0.890.980.89-0.870.860.410.920.880.860.880.940.950.920.91-0.540.790.86-0.950.940.10.94-0.90.920.87-0.87
0.850.940.95-0.930.880.450.90.970.940.950.970.990.870.97-0.520.680.75-0.890.940.170.97-0.981.00.94-0.96
0.160.260.320.00.270.020.080.180.20.33-0.010.1-0.240.20.720.070.06-0.080.10.170.03-0.210.150.0-0.37
0.920.930.92-0.910.770.590.90.890.880.90.990.990.890.96-0.640.660.76-0.910.940.970.03-0.960.970.99-0.92
-0.83-0.9-0.980.95-0.83-0.43-0.94-0.94-0.97-0.98-0.95-0.98-0.83-1.00.53-0.72-0.790.91-0.9-0.98-0.21-0.96-0.98-0.940.99
0.830.920.95-0.940.880.440.90.970.940.950.970.990.870.98-0.540.660.73-0.880.921.00.150.97-0.980.95-0.96
0.890.870.9-0.890.690.650.850.850.850.880.970.970.830.94-0.670.560.67-0.850.870.940.00.99-0.940.95-0.9
-0.82-0.9-0.990.9-0.84-0.41-0.9-0.92-0.95-0.99-0.9-0.95-0.75-0.980.38-0.7-0.760.88-0.87-0.96-0.37-0.920.99-0.96-0.9
Click cells to compare fundamentals

Hims Hers Account Relationship Matchups

Hims Hers fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab11.1M1.6M55.0M12.4M36.4M21.5M
Total Current Liabilities20.6M15.2M79.2M47.9M88.5M50.5M
Net Tangible Assets(141.1M)(149.8M)197.8M170.8M196.4M206.3M
Retained Earnings(153.2M)(171.3M)(279.0M)(344.6M)(368.2M)(386.6M)
Accounts Payable7.2M8.1M19.6M32.4M43.1M22.7M
Other Assets963K1.0M8.8M888K1.00.95
Net Receivables859K1.1M3.6M3.2M5.7M6.0M
Inventory4.2M3.5M13.6M21.6M22.5M12.7M
Other Current Assets480K171K9.1M15.4M15.9M16.7M
Other Stockholder Equity(173.4M)(225.5M)613.7M656.6M712.3M747.9M
Total Current Assets69.6M113.1M269.9M216.6M265.1M180.0M

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When determining whether Hims Hers Health is a strong investment it is important to analyze Hims Hers' 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 Hims Hers' future performance. For an informed investment choice regarding Hims Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hims Hers Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Hims Hers' price analysis, check to measure Hims Hers' 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 Hims Hers is operating at the current time. Most of Hims Hers' value examination focuses on studying past and present price action to predict the probability of Hims Hers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hims Hers' price. Additionally, you may evaluate how the addition of Hims Hers to your portfolios can decrease your overall portfolio volatility.
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Is Hims Hers' 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 Hims Hers. If investors know Hims 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 Hims Hers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.11)
Revenue Per Share
4.165
Quarterly Revenue Growth
0.475
Return On Assets
(0.04)
Return On Equity
(0.07)
The market value of Hims Hers Health is measured differently than its book value, which is the value of Hims that is recorded on the company's balance sheet. Investors also form their own opinion of Hims Hers' value that differs from its market value or its book value, called intrinsic value, which is Hims Hers' 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 Hims Hers' market value can be influenced by many factors that don't directly affect Hims Hers' 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 Hims Hers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hims Hers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hims Hers' 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.