PetMed Net Income vs Total Operating Expenses 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 Net Income and its Total Operating Expenses 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.
Net Income vs Total Operating Expenses
Net Income vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PetMed Express Net Income account and Total Operating Expenses. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between PetMed Express' Net Income and Total Operating Expenses is -0.08. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Operating Expenses 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' Net Income and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of PetMed Express are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Net Income i.e., PetMed Express' Net Income and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.08 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in PetMed Express financial statement analysis. It represents the amount of money remaining after all of PetMed Express operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.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 |
PetMed Express fundamental ratios Correlations
Click cells to compare fundamentals
PetMed Express Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | PairCorr |
0.76 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
0.65 | DLTH | Duluth Holdings Financial Report 6th of June 2024 | PairCorr |
Moving against PetMed Stock
0.67 | TLF | Tandy Leather Factory | PairCorr |
0.55 | GPC | Genuine Parts | PairCorr |
0.53 | PIK | Kidpik Corp | PairCorr |
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.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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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.