| PRKS Stock | | | 58.64 0.57 0.98% |
United Parks financial indicator trend analysis is much more than just breaking down United Parks Resorts prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United Parks Resorts is a good investment. Please check the relationship between United Parks Total Operating Expenses and its Other Operating Expenses accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in United Parks Resorts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
Total Operating Expenses vs Other Operating Expenses
Total Operating Expenses vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
United Parks Resorts Total Operating Expenses account and
Other Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between United Parks' Total Operating Expenses and Other Operating Expenses is -0.27. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of United Parks Resorts, assuming nothing else is changed. The correlation between historical values of United Parks' Total Operating Expenses and Other Operating Expenses 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 Operating Expenses of United Parks Resorts are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Total Operating Expenses i.e., United Parks' Total Operating Expenses and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.27 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of United Parks Resorts. It is also known as United Parks overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from United Parks' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United Parks Resorts 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 United Parks Resorts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
At this time, United Parks'
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 9.16 in 2024, whereas
Selling General Administrative is likely to drop slightly above 102.4
M in 2024.
United Parks fundamental ratios Correlations
Click cells to compare fundamentals
United Parks Account Relationship Matchups
High Positive Relationship
High Negative Relationship
United Parks fundamental ratios Accounts
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