Patrick Price to Sales Ratio vs Gross Profit Analysis
PATK Stock | USD 117.92 2.26 1.95% |
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 Price To Sales Ratio and its Gross Profit 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.
Price To Sales Ratio vs Gross Profit
Price to Sales Ratio vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patrick Industries Price to Sales Ratio account and Gross Profit. At this time, the significance of the direction appears to have no relationship.
The correlation between Patrick Industries' Price to Sales Ratio and Gross Profit is 0.04. Overlapping area represents the amount of variation of Price to Sales Ratio that can explain the historical movement of Gross Profit 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' Price to Sales Ratio and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price to Sales Ratio of Patrick Industries are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Price to Sales Ratio i.e., Patrick Industries' Price to Sales Ratio and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.04 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Patrick Industries stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Patrick Industries sales, a figure that is much harder to manipulate than other Patrick Industries multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.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.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 Multiple 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 |
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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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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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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.
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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.