Performant Selling General Administrative vs Income Tax Expense Analysis

PFMT Stock

USD 2.97 0.09 2.94%

Performant Financial financial indicator trend analysis is much more than just breaking down Performant Financial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Performant Financial is a good investment. Please check the relationship between Performant Financial Selling General Administrative and its Income Tax Expense accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Performant Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Performant Stock please use our How to Invest in Performant Financial guide.

Selling General Administrative vs Income Tax Expense

Selling General Administrative vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Performant Financial Selling General Administrative account and Income Tax Expense. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Performant Financial's Selling General Administrative and Income Tax Expense is -0.14. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Performant Financial, assuming nothing else is changed. The correlation between historical values of Performant Financial's Selling General Administrative and Income Tax 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 Selling General Administrative of Performant Financial are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Selling General Administrative i.e., Performant Financial's Selling General Administrative and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

-0.14

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Selling General Administrative

Income Tax Expense

Most indicators from Performant Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Performant Financial 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 Performant Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Performant Stock please use our How to Invest in Performant Financial guide.At this time, Performant Financial's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 424.63 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.46 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	11.3M	1.0M	2.0M	1.9M
Depreciation And Amortization	7.0M	5.7M	6.7M	6.4M

Interest Expense Depreciation And Amortization

Performant Financial fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Common Stock Shares Outstanding		-0.67	-0.74	-0.58	-0.47	0.45	-0.44	-0.58	-0.4	-0.69	-0.64	0.04	-0.36	-0.85	0.65	-0.15	-0.72	-0.36	0.67	-0.85	0.95	-0.72	-0.68	-0.16	0.93	-0.79
Total Assets	-0.67		0.82	0.86	0.54	-0.01	0.43	0.63	0.71	0.37	0.83	0.19	0.91	0.9	-0.92	0.13	0.84	0.91	-0.71	0.75	-0.59	0.72	0.75	0.45	-0.68	0.81
Short Long Term Debt Total	-0.74	0.82		0.6	0.49	-0.45	0.31	0.48	0.3	0.81	0.58	0.12	0.65	0.88	-0.74	0.37	0.97	0.65	-0.47	0.69	-0.75	0.89	0.65	-0.01	-0.8	0.95
Other Current Liab	-0.58	0.86	0.6		0.66	0.11	0.36	0.55	0.86	0.18	0.79	0.0	0.79	0.73	-0.69	0.15	0.61	0.79	-0.71	0.64	-0.47	0.48	0.73	0.72	-0.54	0.63
Total Current Liabilities	-0.47	0.54	0.49	0.66		0.05	0.43	0.62	0.61	0.2	0.6	-0.1	0.57	0.37	-0.43	0.59	0.32	0.57	-0.3	0.28	-0.43	0.17	0.51	0.53	-0.38	0.45
Total Stockholder Equity	0.45	-0.01	-0.45	0.11	0.05		0.1	0.33	0.44	-0.8	0.28	0.46	0.27	-0.33	0.05	-0.13	-0.42	0.27	0.06	-0.22	0.58	-0.63	-0.22	0.64	0.63	-0.56
Other Liab	-0.44	0.43	0.31	0.36	0.43	0.1		0.45	0.49	0.13	0.58	-0.12	0.37	0.41	-0.47	-0.14	0.28	0.37	-0.44	0.46	-0.38	0.22	0.39	0.41	-0.34	0.33
Property Plant And Equipment Net	-0.58	0.63	0.48	0.55	0.62	0.33	0.45		0.6	0.18	0.81	0.53	0.59	0.52	-0.59	0.29	0.42	0.59	-0.36	0.55	-0.46	0.18	0.4	0.54	-0.35	0.35
Current Deferred Revenue	-0.4	0.71	0.3	0.86	0.61	0.44	0.49	0.6		-0.16	0.86	0.12	0.73	0.53	-0.56	-0.1	0.33	0.73	-0.72	0.57	-0.25	0.19	0.61	0.91	-0.3	0.36
Net Debt	-0.69	0.37	0.81	0.18	0.2	-0.8	0.13	0.18	-0.16		0.18	-0.03	0.08	0.65	-0.32	0.35	0.77	0.08	-0.24	0.55	-0.8	0.79	0.38	-0.41	-0.79	0.78
Retained Earnings	-0.64	0.83	0.58	0.79	0.6	0.28	0.58	0.81	0.86	0.18		0.31	0.76	0.75	-0.69	0.04	0.6	0.76	-0.77	0.8	-0.52	0.42	0.67	0.7	-0.52	0.56
Accounts Payable	0.04	0.19	0.12	0.0	-0.1	0.46	-0.12	0.53	0.12	-0.03	0.31		0.24	0.11	-0.15	0.09	0.17	0.24	0.1	0.17	0.07	-0.07	-0.26	0.13	0.16	-0.09
Cash	-0.36	0.91	0.65	0.79	0.57	0.27	0.37	0.59	0.73	0.08	0.76	0.24		0.64	-0.84	0.18	0.66	1.0	-0.49	0.46	-0.25	0.48	0.61	0.51	-0.35	0.61
Non Current Assets Total	-0.85	0.9	0.88	0.73	0.37	-0.33	0.41	0.52	0.53	0.65	0.75	0.11	0.64		-0.8	0.05	0.92	0.64	-0.79	0.92	-0.82	0.88	0.75	0.23	-0.9	0.91
Non Currrent Assets Other	0.65	-0.92	-0.74	-0.69	-0.43	0.05	-0.47	-0.59	-0.56	-0.32	-0.69	-0.15	-0.84	-0.8		-0.03	-0.76	-0.84	0.55	-0.65	0.57	-0.69	-0.66	-0.32	0.63	-0.75
Other Assets	-0.15	0.13	0.37	0.15	0.59	-0.13	-0.14	0.29	-0.1	0.35	0.04	0.09	0.18	0.05	-0.03		0.19	0.18	0.27	-0.13	-0.24	0.0	-0.08	-0.1	-0.14	0.18
Long Term Debt	-0.72	0.84	0.97	0.61	0.32	-0.42	0.28	0.42	0.33	0.77	0.6	0.17	0.66	0.92	-0.76	0.19		0.66	-0.56	0.76	-0.71	0.94	0.65	0.01	-0.8	0.94
Cash And Short Term Investments	-0.36	0.91	0.65	0.79	0.57	0.27	0.37	0.59	0.73	0.08	0.76	0.24	1.0	0.64	-0.84	0.18	0.66		-0.49	0.46	-0.25	0.48	0.61	0.51	-0.35	0.61
Net Receivables	0.67	-0.71	-0.47	-0.71	-0.3	0.06	-0.44	-0.36	-0.72	-0.24	-0.77	0.1	-0.49	-0.79	0.55	0.27	-0.56	-0.49		-0.87	0.6	-0.57	-0.79	-0.51	0.7	-0.61
Good Will	-0.85	0.75	0.69	0.64	0.28	-0.22	0.46	0.55	0.57	0.55	0.8	0.17	0.46	0.92	-0.65	-0.13	0.76	0.46	-0.87		-0.81	0.73	0.69	0.34	-0.83	0.75
Common Stock Total Equity	0.95	-0.59	-0.75	-0.47	-0.43	0.58	-0.38	-0.46	-0.25	-0.8	-0.52	0.07	-0.25	-0.82	0.57	-0.24	-0.71	-0.25	0.6	-0.81		-0.73	-0.58	-0.04	0.95	-0.79
Non Current Liabilities Total	-0.72	0.72	0.89	0.48	0.17	-0.63	0.22	0.18	0.19	0.79	0.42	-0.07	0.48	0.88	-0.69	0.0	0.94	0.48	-0.57	0.73	-0.73		0.67	-0.16	-0.85	0.96
Inventory	-0.68	0.75	0.65	0.73	0.51	-0.22	0.39	0.4	0.61	0.38	0.67	-0.26	0.61	0.75	-0.66	-0.08	0.65	0.61	-0.79	0.69	-0.58	0.67		0.35	-0.69	0.76
Other Current Assets	-0.16	0.45	-0.01	0.72	0.53	0.64	0.41	0.54	0.91	-0.41	0.7	0.13	0.51	0.23	-0.32	-0.1	0.01	0.51	-0.51	0.34	-0.04	-0.16	0.35		-0.02	0.02
Other Stockholder Equity	0.93	-0.68	-0.8	-0.54	-0.38	0.63	-0.34	-0.35	-0.3	-0.79	-0.52	0.16	-0.35	-0.9	0.63	-0.14	-0.8	-0.35	0.7	-0.83	0.95	-0.85	-0.69	-0.02		-0.88
Total Liab	-0.79	0.81	0.95	0.63	0.45	-0.56	0.33	0.35	0.36	0.78	0.56	-0.09	0.61	0.91	-0.75	0.18	0.94	0.61	-0.61	0.75	-0.79	0.96	0.76	0.02	-0.88

Click cells to compare fundamentals

Performant Financial Account Relationship Matchups

Performant Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	53.5M	54.4M	60.5M	72.9M	76.2M	58.8M
Total Assets	138.9M	126.2M	122.0M	118.8M	99.0M	138.5M
Short Long Term Debt Total	69.6M	65.7M	23.2M	21.5M	5.5M	5.3M
Other Current Liab	10.7M	13.7M	13.4M	10.3M	10.9M	13.9M
Total Current Liabilities	19.4M	77.2M	17.5M	14.2M	12.4M	11.8M
Total Stockholder Equity	53.6M	42.0M	82.4M	84.5M	80.7M	72.3M
Other Liab	2.3M	3.6M	1.2M	881K	792.9K	753.3K
Property Plant And Equipment Net	25.6M	22.5M	18.9M	13.0M	10.3M	16.8M
Current Deferred Revenue	83K	867K	634K	438K	493K	468.4K
Net Debt	66.3M	49.7M	5.9M	(1.9M)	(1.8M)	(1.7M)
Retained Earnings	(27.0M)	(41.0M)	(51.2M)	(57.8M)	(65.3M)	(62.0M)
Accounts Payable	2.5M	407K	1.1M	1.3M	727K	968.9K
Cash	3.4M	16.0M	17.3M	23.4M	7.3M	7.0M
Non Current Assets Total	101.9M	71.7M	67.3M	61.3M	59.2M	85.3M
Non Currrent Assets Other	975K	1.1M	963K	1M	1.6M	907.5K
Other Assets	975K	6.1M	963K	1M	900K	1.6M
Long Term Debt	41.1M	58.6M	19.1M	18.2M	5M	4.8M
Cash And Short Term Investments	3.4M	16.0M	17.3M	23.4M	7.3M	7.0M
Net Receivables	28.7M	32.4M	32.1M	30.4M	28.8M	25.9M
Liabilities And Stockholders Equity	138.9M	126.2M	122.0M	118.8M	99.0M	138.5M
Non Current Liabilities Total	65.8M	7.0M	22.1M	20.1M	5.9M	5.6M
Inventory	1.6M	2.3M	2.2M	81K	1.0	0.95
Other Current Assets	3.3M	3.8M	3.1M	3.7M	3.7M	4.9M
Other Stockholder Equity	80.6M	82.9M	133.7M	142.3M	146.0M	86.6M
Total Liab	85.2M	84.2M	39.6M	34.3M	18.3M	17.4M
Property Plant And Equipment Gross	25.6M	17.5M	18.9M	13.0M	74.9M	78.6M
Total Current Assets	37.0M	54.5M	54.7M	57.5M	39.8M	53.2M
Short Term Debt	6.1M	62.3M	2.4M	2.2M	250K	237.5K
Intangible Assets	4.9M	1.2M	925K	689K	620.1K	589.1K
Property Plant Equipment	25.6M	22.5M	18.9M	10.9M	9.8M	17.3M
Net Tangible Assets	(21.7M)	(6.1M)	35.1M	37.1M	42.7M	44.8M
Retained Earnings Total Equity	(27.0M)	(41.0M)	(51.2M)	(57.8M)	(52.0M)	(49.4M)
Long Term Debt Total	41.1M	58.6M	19.1M	18.2M	16.4M	15.5M
Capital Surpluse	80.6M	82.9M	133.7M	142.3M	163.6M	86.0M

Pair Trading with Performant Financial

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 Performant Financial 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 Performant Financial will appreciate offsetting losses from the drop in the long position's value.

Moving against Performant Stock

0.65	DRVN	Driven Brands Holdings	Pair Corr
0.55	LZ	LegalZoom	Pair Corr
0.54	VCIG	VCI Global Limited	Pair Corr
0.43	MG	Mistras Group	Pair Corr
0.33	FC	Franklin Covey Financial Report 26th of June 2024	Pair Corr

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

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

Additional Tools for Performant Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC