Pennant Total Assets vs Net Receivables Analysis
PNTG Stock | USD 22.95 0.09 0.39% |
Pennant financial indicator trend analysis is much more than just breaking down Pennant Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pennant Group is a good investment. Please check the relationship between Pennant Total Assets and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pennant Group. 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.
Total Assets vs Net Receivables
Total Assets vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pennant Group Total Assets account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Pennant's Total Assets and Net Receivables is 0.95. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Pennant Group, assuming nothing else is changed. The correlation between historical values of Pennant's Total Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Pennant Group are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Assets i.e., Pennant's Total Assets and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Pennant assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Pennant Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Net Receivables
Most indicators from Pennant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pennant Group 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 Pennant Group. 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. The current Tax Provision is estimated to decrease to about 2.7 M. The current Selling General Administrative is estimated to decrease to about 30.1 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 45.7M | 58.6M | 67.0M | 51.4M | Total Revenue | 439.7M | 473.2M | 544.9M | 404.5M |
Pennant fundamental ratios Correlations
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Pennant Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pennant fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 29.6M | 30.2M | 30.6M | 30.2M | 30.2M | 32.3M | |
Total Assets | 447.8M | 507.0M | 530.3M | 512.1M | 539.7M | 427.9M | |
Other Current Liab | 28.3M | 41.1M | 37.3M | 38.4M | 41.9M | 37.0M | |
Total Current Liabilities | 51.2M | 89.0M | 71.6M | 70.2M | 71.5M | 64.3M | |
Total Stockholder Equity | 71.1M | 96.6M | 110.2M | 121.0M | 140.3M | 102.2M | |
Other Liab | 2.9M | 11.9M | 5.3M | 6.3M | 7.2M | 5.8M | |
Net Tangible Assets | (3.6M) | (17.4M) | (17.8M) | (17.1M) | (15.4M) | (14.6M) | |
Property Plant And Equipment Net | 331.0M | 326.5M | 317.8M | 287.5M | 291.5M | 247.3M | |
Net Debt | 334.5M | 319.0M | 350.1M | 324.5M | 323.6M | 259.5M | |
Retained Earnings | (3.8M) | 11.9M | 14.6M | 21.3M | 34.7M | 36.4M | |
Accounts Payable | 8.7M | 9.8M | 10.6M | 13.6M | 10.8M | 9.6M | |
Cash | 402K | 43K | 5.2M | 2.1M | 6.1M | 6.4M | |
Non Current Assets Total | 409.1M | 447.4M | 454.5M | 438.3M | 459.6M | 367.6M | |
Non Currrent Assets Other | 3.4M | 4.3M | 4.8M | 10.5M | 9.3M | 5.8M | |
Other Assets | 3.4M | 315.6M | 8.7M | 12.7M | 14.6M | 13.9M | |
Long Term Debt | 18.5M | 8.3M | 51.4M | 62.9M | 63.9M | 32.2M | |
Cash And Short Term Investments | 402K | 43K | 5.2M | 2.1M | 6.1M | 6.4M | |
Net Receivables | 32.2M | 47.2M | 53.9M | 53.4M | 61.1M | 46.3M | |
Good Will | 41.2M | 66.4M | 74.3M | 79.5M | 91.0M | 64.6M | |
Long Term Debt Total | 18.5M | 8.3M | 51.4M | 62.9M | 72.3M | 75.9M | |
Liabilities And Stockholders Equity | 447.8M | 507.0M | 530.3M | 512.1M | 539.7M | 427.9M | |
Non Current Liabilities Total | 325.4M | 316.8M | 344.4M | 316.2M | 322.6M | 256.3M | |
Capital Surpluse | 74.9M | 84.7M | 95.6M | 99.8M | 114.7M | 65.1M | |
Capital Lease Obligations | 316.3M | 310.7M | 303.9M | 263.7M | 265.7M | 229.5M | |
Other Current Assets | 6.1M | 12.3M | 16.7M | 18.3M | 12.9M | 11.8M | |
Other Stockholder Equity | 74.9M | 84.6M | 95.5M | 99.7M | 105.6M | 89.8M | |
Total Liab | 376.6M | 405.8M | 416.1M | 386.5M | 394.2M | 320.6M | |
Net Invested Capital | 89.6M | 104.9M | 161.6M | 183.9M | 204.3M | 134.4M | |
Property Plant And Equipment Gross | 331.0M | 326.5M | 317.8M | 287.5M | 316.6M | 251.2M | |
Total Current Assets | 38.7M | 59.6M | 75.8M | 73.8M | 80.1M | 60.3M | |
Non Current Liabilities Other | 2.9M | 308.5M | 5.3M | 6.3M | 8.3M | 7.8M | |
Net Working Capital | (12.5M) | (29.4M) | 4.2M | 3.6M | 8.5M | 9.0M | |
Short Term Debt | 12.3M | 14.1M | 16.1M | 16.6M | 17.1M | 12.0M | |
Intangible Assets | 33.5M | 47.5M | 53.7M | 58.6M | 67.7M | 48.6M | |
Property Plant Equipment | 331.0M | 17.9M | 317.8M | 26.6M | 30.6M | 29.1M |
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 Pennant 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, Pennant's short interest history, or implied volatility extrapolated from Pennant options trading.
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pennant Group. 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. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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When running Pennant's price analysis, check to measure Pennant'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 Pennant is operating at the current time. Most of Pennant's value examination focuses on studying past and present price action to predict the probability of Pennant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pennant's price. Additionally, you may evaluate how the addition of Pennant to your portfolios can decrease your overall portfolio volatility.
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Is Pennant's 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 Pennant. If investors know Pennant 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 Pennant 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 1.667 | Earnings Share 0.54 | Revenue Per Share 19.219 | Quarterly Revenue Growth 0.241 | Return On Assets 0.0331 |
The market value of Pennant Group is measured differently than its book value, which is the value of Pennant that is recorded on the company's balance sheet. Investors also form their own opinion of Pennant's value that differs from its market value or its book value, called intrinsic value, which is Pennant's 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 Pennant's market value can be influenced by many factors that don't directly affect Pennant's 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 Pennant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pennant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pennant's 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.