Patrick Gross Profit vs Interest Expense Analysis

PATK Stock

USD 104.88 0.72 0.68%

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 Gross Profit and its Interest Expense 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.

Gross Profit vs Interest Expense

Gross Profit vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patrick Industries Gross Profit account and Interest Expense. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Patrick Industries' Gross Profit and Interest Expense is 0.95. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Interest Expense 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' Gross Profit and Interest Expense 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 Patrick Industries are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Gross Profit i.e., Patrick Industries' Gross Profit and Interest Expense go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Patrick Industries minus its cost of goods sold. It is profit before Patrick Industries 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.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

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. Sales General And Administrative To Revenue is expected to rise to 0.08 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

Gross Profit Total Revenue

Patrick Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.99	0.8	0.98	0.99	0.99	0.99	0.97	0.45	1.0	0.96	0.45	0.99	0.1	1.0	0.98	0.95	0.49	1.0	0.94	0.98	0.06	0.99	0.96	0.94	0.93
Short Long Term Debt Total	0.99		0.77	0.99	0.96	0.98	1.0	0.93	0.52	0.98	0.94	0.52	0.98	0.12	1.0	0.99	0.97	0.41	1.0	0.89	1.0	0.04	0.99	0.97	0.92	0.92
Other Current Liab	0.8	0.77		0.7	0.84	0.81	0.8	0.86	0.07	0.82	0.81	0.07	0.79	0.1	0.79	0.78	0.64	0.52	0.77	0.78	0.74	0.06	0.82	0.64	0.77	0.75
Total Current Liabilities	0.98	0.99	0.7		0.94	0.96	0.98	0.91	0.53	0.96	0.93	0.53	0.98	0.15	0.98	0.99	0.98	0.42	0.99	0.86	1.0	0.05	0.97	0.99	0.91	0.91
Total Stockholder Equity	0.99	0.96	0.84	0.94		0.98	0.97	0.99	0.35	0.99	0.96	0.35	0.98	0.07	0.97	0.95	0.89	0.58	0.97	0.97	0.94	0.09	0.98	0.92	0.95	0.92
Property Plant And Equipment Net	0.99	0.98	0.81	0.96	0.98		0.98	0.97	0.43	0.99	0.95	0.43	0.99	0.07	0.99	0.97	0.93	0.5	0.99	0.96	0.97	0.11	0.98	0.93	0.92	0.91
Net Debt	0.99	1.0	0.8	0.98	0.97	0.98		0.95	0.45	0.99	0.96	0.45	0.99	0.12	1.0	0.99	0.96	0.45	1.0	0.91	0.99	0.04	0.99	0.96	0.92	0.92
Retained Earnings	0.97	0.93	0.86	0.91	0.99	0.97	0.95		0.27	0.98	0.96	0.27	0.96	0.01	0.95	0.94	0.85	0.63	0.94	0.98	0.92	0.11	0.96	0.87	0.91	0.87
Cash	0.45	0.52	0.07	0.53	0.35	0.43	0.45	0.27		0.4	0.31	1.0	0.42	0.13	0.49	0.43	0.67	-0.29	0.5	0.27	0.55	-0.04	0.42	0.57	0.45	0.49
Non Current Assets Total	1.0	0.98	0.82	0.96	0.99	0.99	0.99	0.98	0.4		0.96	0.4	0.99	0.08	0.99	0.97	0.93	0.52	0.99	0.96	0.97	0.06	0.99	0.94	0.95	0.93
Non Currrent Assets Other	0.96	0.94	0.81	0.93	0.96	0.95	0.96	0.96	0.31	0.96		0.31	0.94	0.01	0.95	0.96	0.87	0.54	0.95	0.92	0.94	0.01	0.96	0.9	0.88	0.86
Cash And Short Term Investments	0.45	0.52	0.07	0.53	0.35	0.43	0.45	0.27	1.0	0.4	0.31		0.42	0.13	0.49	0.43	0.67	-0.29	0.5	0.27	0.55	-0.04	0.42	0.57	0.45	0.49
Net Receivables	0.99	0.98	0.79	0.98	0.98	0.99	0.99	0.96	0.42	0.99	0.94	0.42		0.13	0.99	0.97	0.95	0.5	0.99	0.93	0.97	0.07	0.99	0.96	0.95	0.94
Common Stock Shares Outstanding	0.1	0.12	0.1	0.15	0.07	0.07	0.12	0.01	0.13	0.08	0.01	0.13	0.13		0.11	0.14	0.17	0.19	0.12	-0.03	0.15	0.3	0.13	0.18	0.2	0.24
Non Current Liabilities Total	1.0	1.0	0.79	0.98	0.97	0.99	1.0	0.95	0.49	0.99	0.95	0.49	0.99	0.11		0.99	0.96	0.43	1.0	0.91	0.99	0.05	0.99	0.96	0.93	0.93
Inventory	0.98	0.99	0.78	0.99	0.95	0.97	0.99	0.94	0.43	0.97	0.96	0.43	0.97	0.14	0.99		0.94	0.49	0.99	0.88	0.99	0.08	0.98	0.96	0.89	0.89
Other Current Assets	0.95	0.97	0.64	0.98	0.89	0.93	0.96	0.85	0.67	0.93	0.87	0.67	0.95	0.17	0.96	0.94		0.28	0.97	0.81	0.98	0.05	0.94	0.98	0.9	0.92
Other Stockholder Equity	0.49	0.41	0.52	0.42	0.58	0.5	0.45	0.63	-0.29	0.52	0.54	-0.29	0.5	0.19	0.43	0.49	0.28		0.43	0.61	0.41	0.29	0.47	0.38	0.42	0.37
Total Liab	1.0	1.0	0.77	0.99	0.97	0.99	1.0	0.94	0.5	0.99	0.95	0.5	0.99	0.12	1.0	0.99	0.97	0.43		0.91	0.99	0.05	0.99	0.97	0.93	0.93
Property Plant And Equipment Gross	0.94	0.89	0.78	0.86	0.97	0.96	0.91	0.98	0.27	0.96	0.92	0.27	0.93	-0.03	0.91	0.88	0.81	0.61	0.91		0.87	0.14	0.91	0.84	0.88	0.84
Total Current Assets	0.98	1.0	0.74	1.0	0.94	0.97	0.99	0.92	0.55	0.97	0.94	0.55	0.97	0.15	0.99	0.99	0.98	0.41	0.99	0.87		0.07	0.98	0.98	0.91	0.91
Short Term Debt	0.06	0.04	0.06	0.05	0.09	0.11	0.04	0.11	-0.04	0.06	0.01	-0.04	0.07	0.3	0.05	0.08	0.05	0.29	0.05	0.14	0.07		0.01	0.03	0.0	-0.02
Intangible Assets	0.99	0.99	0.82	0.97	0.98	0.98	0.99	0.96	0.42	0.99	0.96	0.42	0.99	0.13	0.99	0.98	0.94	0.47	0.99	0.91	0.98	0.01		0.96	0.95	0.95
Accounts Payable	0.96	0.97	0.64	0.99	0.92	0.93	0.96	0.87	0.57	0.94	0.9	0.57	0.96	0.18	0.96	0.96	0.98	0.38	0.97	0.84	0.98	0.03	0.96		0.93	0.93
Common Stock Total Equity	0.94	0.92	0.77	0.91	0.95	0.92	0.92	0.91	0.45	0.95	0.88	0.45	0.95	0.2	0.93	0.89	0.9	0.42	0.93	0.88	0.91	0.0	0.95	0.93		1.0
Common Stock	0.93	0.92	0.75	0.91	0.92	0.91	0.92	0.87	0.49	0.93	0.86	0.49	0.94	0.24	0.93	0.89	0.92	0.37	0.93	0.84	0.91	-0.02	0.95	0.93	1.0

Click cells to compare fundamentals

Patrick Industries Account Relationship Matchups

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

Patrick Industries Investors Sentiment

The influence of Patrick Industries' 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 Patrick. 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 Patrick Industries' public news can be used to forecast risks associated with an investment in Patrick. The trend in average sentiment can be used to explain how an investor holding Patrick can time the market purely based on public headlines and social activities around Patrick Industries. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Patrick Industries' 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 Patrick Industries' 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 Patrick Industries' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Patrick Industries.

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 Patrick Industries 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, Patrick Industries' short interest history, or implied volatility extrapolated from Patrick Industries options trading.

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When determining whether Patrick Industries is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Patrick Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Patrick Industries Stock. Highlighted below are key reports to facilitate an investment decision about Patrick Industries Stock:

How To Invest In Patrick

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Is Patrick Stock a good investment?

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What is Patrick Industries' Net Worth?

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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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for Patrick Stock analysis

When running Patrick Industries' price analysis, check to measure Patrick Industries' 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 Patrick Industries is operating at the current time. Most of Patrick Industries' value examination focuses on studying past and present price action to predict the probability of Patrick Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patrick Industries' price. Additionally, you may evaluate how the addition of Patrick Industries to your portfolios can decrease your overall portfolio volatility.

	Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
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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.

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Patrick Gross Profit vs Interest Expense Analysis

Gross Profit vs Interest Expense

Gross Profit vs Interest Expense Correlation Analysis

Correlation Coefficient

Gross Profit

Interest Expense

Patrick Industries fundamental ratios Correlations

Patrick Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Patrick Industries fundamental ratios Accounts

Patrick Industries Investors Sentiment

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Patrick Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total

Other Stockholder Equity	- 0.29	Cash And Short Term Investments
Other Stockholder Equity	- 0.29	Cash
Short Term Debt	- 0.04	Cash And Short Term Investments
Short Term Debt	- 0.04	Cash
Property Plant And Equipment Gross	- 0.03	Common Stock Shares Outstanding
Common Stock	- 0.02	Short Term Debt