Patrick Dividend Yield vs Total Assets Analysis
PATK Stock | USD 106.81 1.65 1.52% |
Patrick Industries financial indicator trend analysis is much more than just breaking down Patrick Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patrick Industries is a good investment. Please check the relationship between Patrick Industries Dividend Yield and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patrick Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.
Dividend Yield vs Total Assets
Dividend Yield vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patrick Industries Dividend Yield account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Patrick Industries' Dividend Yield and Total Assets is 0.82. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Total Assets in the same time period over historical financial statements of Patrick Industries, assuming nothing else is changed. The correlation between historical values of Patrick Industries' Dividend Yield 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 Dividend Yield of Patrick Industries 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 Dividend Yield i.e., Patrick Industries' Dividend Yield and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Dividend Yield
Dividend Yield is Patrick Industries dividend as a percentage of Patrick Industries stock price. Patrick Industries dividend yield is a measure of Patrick Industries stock productivity, which can be interpreted as interest rate earned on an Patrick Industries investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Total Assets
Total assets refers to the total amount of Patrick Industries 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 Patrick Industries 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 Patrick Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patrick Industries 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 Patrick Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.At this time, Patrick Industries' Selling General Administrative is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 8.70 this year, although the value of Tax Provision will most likely fall to about 48.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 801.2M | 1.1B | 782.2M | 821.3M | Total Revenue | 4.1B | 4.9B | 3.5B | 3.6B |
Patrick Industries fundamental ratios Correlations
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Patrick Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Patrick Industries fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5B | 1.8B | 2.7B | 2.8B | 2.7B | 2.8B | |
Short Long Term Debt Total | 769.5M | 937.5M | 1.4B | 1.5B | 1.2B | 1.3B | |
Other Current Liab | 58.0M | 83.2M | 13.8M | 172.6M | 109.3M | 114.8M | |
Total Current Liabilities | 186.9M | 227.4M | 432.8M | 367.2M | 308.5M | 323.9M | |
Total Stockholder Equity | 497.5M | 559.4M | 767.6M | 955.2M | 1.0B | 1.1B | |
Property Plant And Equipment Net | 274.4M | 369.3M | 477.7M | 514.2M | 531.3M | 557.9M | |
Net Debt | 630.1M | 892.7M | 1.3B | 1.4B | 1.2B | 1.3B | |
Retained Earnings | 305.5M | 360.2M | 513.7M | 758.9M | 843.1M | 885.2M | |
Cash | 139.4M | 44.8M | 122.8M | 22.8M | 11.4M | 11.7M | |
Non Current Assets Total | 954.2M | 1.2B | 1.7B | 1.9B | 1.9B | 2.0B | |
Non Currrent Assets Other | 3.4M | 4.0M | 7.1M | 8.8M | 7.9M | 8.3M | |
Cash And Short Term Investments | 139.4M | 44.8M | 122.8M | 22.8M | 11.4M | 11.7M | |
Net Receivables | 87.5M | 132.5M | 172.4M | 172.9M | 173.1M | 181.8M | |
Common Stock Shares Outstanding | 23.3M | 23.1M | 23.4M | 24.5M | 22.0M | 17.8M | |
Liabilities And Stockholders Equity | 1.5B | 1.8B | 2.7B | 2.8B | 2.7B | 2.8B | |
Non Current Liabilities Total | 786.6M | 966.6M | 1.5B | 1.5B | 1.3B | 1.4B | |
Inventory | 253.9M | 312.8M | 614.4M | 667.8M | 510.1M | 535.6M | |
Other Current Assets | 36.0M | 38.0M | 64.5M | 46.3M | 39.9M | 41.9M | |
Other Stockholder Equity | 25.0M | 24.4M | 59.7M | 113.2M | 130.2M | 136.7M | |
Total Liab | 973.5M | 1.2B | 1.9B | 1.8B | 1.6B | 1.7B | |
Property Plant And Equipment Gross | 274.4M | 369.3M | 477.7M | 514.2M | 823.8M | 865.0M | |
Total Current Assets | 516.8M | 528.1M | 974.1M | 909.9M | 734.6M | 771.4M | |
Accumulated Other Comprehensive Income | (5.7M) | (6.1M) | (2.2M) | (695K) | (999K) | (1.0M) | |
Short Term Debt | 32.7M | 38.4M | 47.8M | 51.7M | 56.3M | 59.1M | |
Intangible Assets | 357.0M | 456.3M | 640.5M | 720.2M | 651.2M | 683.7M | |
Accounts Payable | 96.2M | 105.8M | 203.5M | 142.9M | 140.5M | 147.6M | |
Common Stock Total Equity | 172.7M | 180.9M | 196.4M | 197.0M | 226.6M | 237.9M | |
Common Stock | 172.7M | 180.9M | 196.4M | 197.0M | 203.3M | 213.4M | |
Other Liab | 43.9M | 67.5M | 51.2M | 61.4M | 70.7M | 74.2M | |
Other Assets | 3.4M | 4.0M | 7.1M | 8.8M | 10.2M | 10.7M | |
Long Term Debt | 670.4M | 810.9M | 1.3B | 1.3B | 1.0B | 1.1B | |
Good Will | 676.4M | 852.1M | 551.4M | 629.3M | 637.4M | 669.3M | |
Property Plant Equipment | 180.8M | 251.5M | 477.7M | 350.6M | 403.2M | 423.3M | |
Net Tangible Assets | (178.9M) | (292.6M) | (424.3M) | (394.3M) | (354.9M) | (337.1M) | |
Retained Earnings Total Equity | 305.5M | 360.2M | 513.7M | 758.9M | 872.7M | 916.3M | |
Capital Surpluse | 25.1M | 25.0M | 24.4M | 59.7M | 68.6M | 72.0M | |
Deferred Long Term Liab | 27.3M | 39.5M | 36.5M | 48.4M | 55.7M | 58.4M |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patrick Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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Is Patrick Industries' 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 Patrick Industries. If investors know Patrick 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 Patrick Industries 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 (0.16) | Dividend Share 1.9 | Earnings Share 6.5 | Revenue Per Share 161.162 | Quarterly Revenue Growth (0.18) |
The market value of Patrick Industries is measured differently than its book value, which is the value of Patrick that is recorded on the company's balance sheet. Investors also form their own opinion of Patrick Industries' value that differs from its market value or its book value, called intrinsic value, which is Patrick Industries' 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 Patrick Industries' market value can be influenced by many factors that don't directly affect Patrick Industries' 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 Patrick Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patrick Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patrick Industries' 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.