Privia Asset Turnover vs Total Current Assets Analysis
| PRVA Stock | USD 18.74 0.33 1.79% |
Privia Health financial indicator trend analysis is much more than just breaking down Privia Health Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Privia Health Group is a good investment. Please check the relationship between Privia Health Asset Turnover and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Privia Health 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 real.
Asset Turnover vs Total Current Assets
Asset Turnover vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Privia Health Group Asset Turnover account and Total Current Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Privia Health's Asset Turnover and Total Current Assets is -0.94. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Privia Health Group, assuming nothing else is changed. The correlation between historical values of Privia Health's Asset Turnover and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Privia Health Group are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Asset Turnover i.e., Privia Health's Asset Turnover and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.94 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Privia Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Privia Health 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 Privia Health 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 real. At present, Privia Health's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to 0.00, whereas Tax Provision is forecasted to decline to (7.8 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 63.7M | 134.8M | 155.0M | 102.8M | Total Revenue | 966.2M | 1.4B | 1.7B | 1.1B |
Privia Health fundamental ratios Correlations
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Privia Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Privia Health fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 83.4M | 109.6M | 140.7M | 254.5M | 383.9M | 403.1M | |
| Total Current Liabilities | 115.2M | 146.9M | 190.5M | 264.3M | 387.0M | 220.9M | |
| Other Liab | 7.8M | 5.6M | 3M | 1M | 900K | 855K | |
| Net Tangible Assets | (15.1M) | 22.1M | 239.2M | 314.8M | 362.0M | 380.1M | |
| Retained Earnings | (51.1M) | (19.9M) | (208.1M) | (216.7M) | (193.6M) | (203.3M) | |
| Accounts Payable | 525K | 5.2M | 3.0M | 6.7M | 383.9M | 403.1M | |
| Other Assets | 9.7M | 9.4M | 37.9M | 45.1M | 51.8M | 54.4M | |
| Net Receivables | 77.3M | 99.1M | 117.4M | 189.6M | 290.8M | 155.0M | |
| Total Current Assets | 129.6M | 190.1M | 446.7M | 552.0M | 700.8M | 391.3M | |
| Property Plant Equipment | 5.6M | 4.8M | 14.1M | 3.4M | 3.9M | 6.3M |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Privia Health 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 real. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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Is Privia Health'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 Privia Health. If investors know Privia 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 Privia Health 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 (0.83) | Earnings Share 0.19 | Revenue Per Share 14.201 | Quarterly Revenue Growth 0.21 | Return On Assets 0.0144 |
The market value of Privia Health Group is measured differently than its book value, which is the value of Privia that is recorded on the company's balance sheet. Investors also form their own opinion of Privia Health's value that differs from its market value or its book value, called intrinsic value, which is Privia Health'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 Privia Health's market value can be influenced by many factors that don't directly affect Privia Health'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 Privia Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Privia Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Privia Health'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.