PetMed Cash vs Retained Earnings Analysis

PETS Stock

USD 4.58 0.02 0.43%

PetMed Express financial indicator trend analysis is much more than just breaking down PetMed Express prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PetMed Express is a good investment. Please check the relationship between PetMed Express Cash and its Retained Earnings accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PetMed Express. 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 PetMed Stock please use our How to Invest in PetMed Express guide.

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PetMed Express Cash account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.

The correlation between PetMed Express' Cash and Retained Earnings is 0.8. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of PetMed Express, assuming nothing else is changed. The correlation between historical values of PetMed Express' Cash and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of PetMed Express are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash i.e., PetMed Express' Cash and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Cash

Cash refers to the most liquid asset of PetMed Express, which is listed under current asset account on PetMed Express balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from PetMed Express customers. The amounts must be unrestricted with restricted cash listed in a different PetMed Express account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from PetMed Express' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PetMed Express 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 PetMed Express. 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 PetMed Stock please use our How to Invest in PetMed Express guide.At this time, PetMed Express' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 100.56 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.15 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	78.1M	71.0M	81.7M	71.6M
Total Revenue	273.4M	256.9M	295.4M	210.1M

Gross Profit Total Revenue

PetMed Express 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	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	Common Stock	Preferred Stock Total Equity
Total Assets		-0.6	0.76	0.92	0.86	0.81	-0.94	0.84	0.92	0.98	0.84	-0.35	0.99	0.63	0.72	0.69	0.08	0.29	0.77	0.63	0.91	0.81	0.86	-0.61	0.72	-0.48
Short Long Term Debt Total	-0.6		-0.31	-0.36	-0.68	-0.35	0.49	-0.72	-0.36	-0.46	-0.36	0.12	-0.53	-0.64	-0.96	-0.97	0.03	-0.73	-0.35	-0.26	-0.32	-0.35	-0.64	1.0	-0.96	0.1
Other Current Liab	0.76	-0.31		0.85	0.44	0.58	-0.59	0.37	0.74	0.74	0.7	0.22	0.75	0.17	0.51	0.49	0.36	0.01	0.84	0.66	0.88	0.58	0.48	-0.32	0.51	-0.76
Total Current Liabilities	0.92	-0.36	0.85		0.69	0.74	-0.85	0.64	0.98	0.92	0.79	-0.22	0.92	0.4	0.51	0.47	0.13	0.16	0.85	0.57	1.0	0.74	0.74	-0.36	0.51	-0.56
Total Stockholder Equity	0.86	-0.68	0.44	0.69		0.7	-0.91	0.99	0.74	0.84	0.68	-0.53	0.85	0.75	0.73	0.69	-0.07	0.4	0.54	0.44	0.66	0.7	0.98	-0.68	0.73	-0.02
Property Plant And Equipment Net	0.81	-0.35	0.58	0.74	0.7		-0.81	0.65	0.75	0.84	0.98	-0.24	0.78	0.5	0.49	0.43	0.14	-0.08	0.46	0.74	0.74	1.0	0.6	-0.35	0.49	-0.38
Net Debt	-0.94	0.49	-0.59	-0.85	-0.91	-0.81		-0.89	-0.89	-0.97	-0.8	0.54	-0.96	-0.69	-0.57	-0.53	0.0	-0.18	-0.66	-0.54	-0.83	-0.81	-0.9	0.49	-0.57	0.22
Retained Earnings	0.84	-0.72	0.37	0.64	0.99	0.65	-0.89		0.71	0.8	0.61	-0.58	0.82	0.8	0.74	0.71	-0.13	0.47	0.5	0.35	0.6	0.65	0.97	-0.72	0.74	0.03
Accounts Payable	0.92	-0.36	0.74	0.98	0.74	0.75	-0.89	0.71		0.93	0.77	-0.37	0.92	0.47	0.49	0.45	0.03	0.22	0.79	0.5	0.97	0.75	0.79	-0.37	0.49	-0.44
Cash	0.98	-0.46	0.74	0.92	0.84	0.84	-0.97	0.8	0.93		0.85	-0.41	0.99	0.61	0.59	0.55	0.09	0.12	0.74	0.64	0.91	0.84	0.83	-0.46	0.59	-0.46
Non Current Assets Total	0.84	-0.36	0.7	0.79	0.68	0.98	-0.8	0.61	0.77	0.85		-0.13	0.8	0.45	0.53	0.47	0.22	-0.09	0.54	0.8	0.8	0.98	0.59	-0.36	0.53	-0.5
Non Currrent Assets Other	-0.35	0.12	0.22	-0.22	-0.53	-0.24	0.54	-0.58	-0.37	-0.41	-0.13		-0.4	-0.6	-0.03	-0.03	0.41	-0.2	-0.14	0.12	-0.18	-0.24	-0.54	0.12	-0.03	-0.33
Cash And Short Term Investments	0.99	-0.53	0.75	0.92	0.85	0.78	-0.96	0.82	0.92	0.99	0.8	-0.4		0.64	0.65	0.62	0.07	0.21	0.76	0.6	0.91	0.78	0.86	-0.53	0.65	-0.47
Net Receivables	0.63	-0.64	0.17	0.4	0.75	0.5	-0.69	0.8	0.47	0.61	0.45	-0.6	0.64		0.59	0.59	-0.15	0.3	0.25	0.07	0.36	0.5	0.7	-0.64	0.59	0.02
Common Stock Total Equity	0.72	-0.96	0.51	0.51	0.73	0.49	-0.57	0.74	0.49	0.59	0.53	-0.03	0.65	0.59		0.99	0.06	0.63	0.47	0.46	0.48	0.49	0.69	-0.96	1.0	-0.3
Common Stock Shares Outstanding	0.69	-0.97	0.49	0.47	0.69	0.43	-0.53	0.71	0.45	0.55	0.47	-0.03	0.62	0.59	0.99		0.06	0.66	0.46	0.41	0.45	0.43	0.65	-0.97	0.99	-0.31
Non Current Liabilities Total	0.08	0.03	0.36	0.13	-0.07	0.14	0.0	-0.13	0.03	0.09	0.22	0.41	0.07	-0.15	0.06	0.06		-0.28	0.19	0.32	0.15	0.14	-0.1	0.02	0.06	-0.34
Inventory	0.29	-0.73	0.01	0.16	0.4	-0.08	-0.18	0.47	0.22	0.12	-0.09	-0.2	0.21	0.3	0.63	0.66	-0.28		0.27	-0.14	0.11	-0.08	0.45	-0.73	0.63	0.1
Other Current Assets	0.77	-0.35	0.84	0.85	0.54	0.46	-0.66	0.5	0.79	0.74	0.54	-0.14	0.76	0.25	0.47	0.46	0.19	0.27		0.42	0.85	0.46	0.62	-0.36	0.47	-0.56
Other Stockholder Equity	0.63	-0.26	0.66	0.57	0.44	0.74	-0.54	0.35	0.5	0.64	0.8	0.12	0.6	0.07	0.46	0.41	0.32	-0.14	0.42		0.6	0.74	0.36	-0.27	0.46	-0.57
Total Liab	0.91	-0.32	0.88	1.0	0.66	0.74	-0.83	0.6	0.97	0.91	0.8	-0.18	0.91	0.36	0.48	0.45	0.15	0.11	0.85	0.6		0.74	0.71	-0.32	0.48	-0.59
Property Plant And Equipment Gross	0.81	-0.35	0.58	0.74	0.7	1.0	-0.81	0.65	0.75	0.84	0.98	-0.24	0.78	0.5	0.49	0.43	0.14	-0.08	0.46	0.74	0.74		0.6	-0.35	0.49	-0.38
Total Current Assets	0.86	-0.64	0.48	0.74	0.98	0.6	-0.9	0.97	0.79	0.83	0.59	-0.54	0.86	0.7	0.69	0.65	-0.1	0.45	0.62	0.36	0.71	0.6		-0.64	0.69	-0.02
Short Term Debt	-0.61	1.0	-0.32	-0.36	-0.68	-0.35	0.49	-0.72	-0.37	-0.46	-0.36	0.12	-0.53	-0.64	-0.96	-0.97	0.02	-0.73	-0.36	-0.27	-0.32	-0.35	-0.64		-0.96	0.11
Common Stock	0.72	-0.96	0.51	0.51	0.73	0.49	-0.57	0.74	0.49	0.59	0.53	-0.03	0.65	0.59	1.0	0.99	0.06	0.63	0.47	0.46	0.48	0.49	0.69	-0.96		-0.3
Preferred Stock Total Equity	-0.48	0.1	-0.76	-0.56	-0.02	-0.38	0.22	0.03	-0.44	-0.46	-0.5	-0.33	-0.47	0.02	-0.3	-0.31	-0.34	0.1	-0.56	-0.57	-0.59	-0.38	-0.02	0.11	-0.3

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PetMed Express Account Relationship Matchups

PetMed Express fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	155.3M	187.5M	176.3M	164.1M	188.7M	198.2M
Other Current Liab	4.7M	5.4M	5.7M	11.3M	13.0M	13.6M
Total Current Liabilities	24.3M	44.9M	33.2M	36.5M	42.0M	44.1M
Total Stockholder Equity	130.0M	141.3M	142.2M	123.8M	142.4M	79.3M
Property Plant And Equipment Net	25.4M	25.5M	24.5M	26.2M	30.1M	31.6M
Net Debt	(103.8M)	(118.7M)	(111.1M)	(104.1M)	(93.7M)	(89.0M)
Retained Earnings	126.2M	134.1M	130.5M	105.5M	121.3M	71.7M
Accounts Payable	19.7M	39.5M	27.5M	25.2M	29.0M	30.4M
Cash	103.8M	118.7M	111.1M	104.1M	119.7M	125.7M
Non Current Assets Total	26.3M	26.3M	25.3M	32.7M	37.6M	39.4M
Non Currrent Assets Other	(26.3M)	(26.3M)	(25.3M)	5.9M	5.3M	5.5M
Cash And Short Term Investments	103.8M	118.7M	111.1M	104.1M	119.7M	125.7M
Net Receivables	3.8M	2.6M	1.9M	1.7M	2.0M	1.9M
Common Stock Shares Outstanding	20.1M	20.1M	20.4M	20.3M	23.4M	22.4M
Liabilities And Stockholders Equity	155.3M	187.5M	176.3M	164.1M	188.7M	198.2M
Non Current Liabilities Total	970K	1.3M	936K	3.8M	3.4M	3.6M
Inventory	17.9M	34.4M	32.5M	19.0M	21.9M	21.7M
Other Current Assets	3.5M	4.5M	5.5M	4.7M	5.4M	5.7M
Other Stockholder Equity	3.8M	7.1M	11.7M	18.3M	21.0M	22.1M
Total Liab	25.3M	46.2M	34.1M	40.3M	46.4M	48.7M
Property Plant And Equipment Gross	25.4M	25.5M	24.5M	26.2M	30.1M	31.6M
Total Current Assets	129.0M	161.2M	151.0M	131.5M	151.2M	78.0M
Property Plant Equipment	25.4M	25.5M	24.5M	26.2M	30.1M	31.6M
Net Tangible Assets	130.0M	141.3M	141.3M	123.8M	142.4M	114.5M
Retained Earnings Total Equity	126.2M	134.1M	130.5M	105.5M	121.3M	107.8M
Capital Surpluse	3.8M	7.1M	11.7M	18.3M	21.0M	22.1M
Other Liab	1.1M	970K	1.3M	936K	842.4K	852.3K
Net Invested Capital	130.0M	141.3M	142.2M	123.8M	142.4M	144.4M
Net Working Capital	104.7M	116.3M	117.8M	95.0M	109.2M	115.2M

Pair Trading with PetMed Express

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

Moving together with PetMed Stock

0.77	FL	Foot Locker	Pair Corr
0.76	HD	Home Depot Financial Report 21st of May 2024	Pair Corr
0.65	DLTH	Duluth Holdings Financial Report 6th of June 2024	Pair Corr

Moving against PetMed Stock

0.67	TLF	Tandy Leather Factory	Pair Corr
0.55	GPC	Genuine Parts	Pair Corr
0.53	PIK	Kidpik Corp	Pair Corr

The ability to find closely correlated positions to PetMed Express could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PetMed Express 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 PetMed Express - 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 PetMed Express to buy it.

The correlation of PetMed Express 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 PetMed Express moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PetMed Express 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 PetMed Express 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 Correlation Correlation Matching

When determining whether PetMed Express is a strong investment it is important to analyze PetMed Express' 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 PetMed Express' future performance. For an informed investment choice regarding PetMed Stock, refer to the following important reports:

How To Invest In PetMed

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Is PetMed Stock a good investment?

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What is PetMed Express' Net Worth?

Details

Largest Other Specialty Retail Companies

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Largest Consumer Discretionary Distribution & Retail Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PetMed Express. 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 PetMed Stock please use our How to Invest in PetMed Express guide.

You can also try the Stocks Directory module to find actively traded stocks across global markets.

Complementary Tools for PetMed Stock analysis

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

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Is PetMed Express' 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 PetMed Express. If investors know PetMed 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 PetMed Express 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

(0.59)

Dividend Share

0.9

Earnings Share

(0.37)

Revenue Per Share

13.599

Quarterly Revenue Growth

0.11

The market value of PetMed Express is measured differently than its book value, which is the value of PetMed that is recorded on the company's balance sheet. Investors also form their own opinion of PetMed Express' value that differs from its market value or its book value, called intrinsic value, which is PetMed Express' 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 PetMed Express' market value can be influenced by many factors that don't directly affect PetMed Express' 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 PetMed Express' value and its price as these two are different measures arrived at by different means. Investors typically determine if PetMed Express is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PetMed Express' 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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PetMed Cash vs Retained Earnings Analysis

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

Correlation Coefficient

Cash

Retained Earnings

PetMed Express fundamental ratios Correlations

PetMed Express Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PetMed Express fundamental ratios Accounts

Pair Trading with PetMed Express

Moving together with PetMed Stock

Moving against PetMed Stock

Complementary Tools for PetMed Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Term Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Current Liabilities
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Cash And Short Term Investments	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity

Short Term Debt	- 0.97	Common Stock Shares Outstanding
Cash	- 0.97	Net Debt
Common Stock Shares Outstanding	- 0.97	Short Long Term Debt Total
Common Stock	- 0.96	Short Term Debt
Short Term Debt	- 0.96	Common Stock Total Equity
Cash And Short Term Investments	- 0.96	Net Debt