PETS Stock | | | 207.20 1.40 0.67% |
Pets At financial indicator trend analysis is much more than just breaking down Pets at Home prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pets at Home is a good investment. Please check the relationship between Pets At Property Plant And Equipment Net and its Inventory accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pets at Home. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Property Plant And Equipment Net vs Inventory
Property Plant And Equipment Net vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pets at Home Property Plant And Equipment Net account and
Inventory. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Pets At's Property Plant And Equipment Net and Inventory is 0.83. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Inventory in the same time period over historical financial statements of Pets at Home, assuming nothing else is changed. The correlation between historical values of Pets At's Property Plant And Equipment Net and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Pets at Home are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Property Plant And Equipment Net i.e., Pets At's Property Plant And Equipment Net and Inventory go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Inventory
Most indicators from Pets At's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pets at Home 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 Pets at Home. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to drop to about 78.2
M in 2024.
Tax Provision is likely to drop to about 23.5
M in 2024
Pets At fundamental ratios Correlations
Click cells to compare fundamentals
Pets At Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pets At fundamental ratios Accounts
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Additional Tools for Pets Stock Analysis
When running Pets At's price analysis, check to
measure Pets At'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 Pets At is operating at the current time. Most of Pets At's value examination focuses on studying past and present price action to
predict the probability of Pets At's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pets At's price. Additionally, you may evaluate how the addition of Pets At to your portfolios can decrease your overall portfolio volatility.