Beauty Cash vs Non Currrent Assets Other Analysis
| SKIN Stock | USD 2.06 0.02 0.96% |
Beauty Health financial indicator trend analysis is way more than just evaluating Beauty Health prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beauty Health is a good investment. Please check the relationship between Beauty Health Cash and its Non Currrent Assets Other accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Beauty Health Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Cash vs Non Currrent Assets Other
Cash vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Beauty Health Cash account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Beauty Health's Cash and Non Currrent Assets Other is 0.76. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Beauty Health Co, assuming nothing else is changed. The correlation between historical values of Beauty Health's Cash and Non Currrent Assets Other 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 Beauty Health Co are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash i.e., Beauty Health's Cash and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.76 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Beauty Health, which is listed under current asset account on Beauty Health Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Beauty Health customers. The amounts must be unrestricted with restricted cash listed in a different Beauty Health 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.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from Beauty Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beauty Health 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Beauty Health Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. As of the 9th of June 2024, Enterprise Value is likely to grow to about 811.9 M, while Tax Provision is likely to drop (3.8 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 181.8M | 250.3M | 155.1M | 152.9M | Total Revenue | 260.1M | 365.9M | 398.0M | 260.7M |
Beauty Health fundamental ratios Correlations
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Beauty Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beauty Health fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 32.1M | 34.3M | 102.1M | 148.5M | 131.7M | 105.3M |
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Try AI Portfolio ArchitectAdditional Information and Resources on Investing in Beauty Stock
When determining whether Beauty Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Beauty Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Beauty Health Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Beauty Health Co Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Beauty Health Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Personal Care Products space 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 Beauty Health. If investors know Beauty 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 Beauty Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.71) | Revenue Per Share 3.039 | Quarterly Revenue Growth (0.06) | Return On Assets (0.09) | Return On Equity (0.76) |
The market value of Beauty Health is measured differently than its book value, which is the value of Beauty that is recorded on the company's balance sheet. Investors also form their own opinion of Beauty Health's value that differs from its market value or its book value, called intrinsic value, which is Beauty 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 Beauty Health's market value can be influenced by many factors that don't directly affect Beauty 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 Beauty Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beauty Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beauty 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.