PlayAGS Operating Income vs Gross Profit Analysis

AGS Stock

USD 11.55 0.03 0.26%

PlayAGS financial indicator trend analysis is much more than just breaking down PlayAGS prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PlayAGS is a good investment. Please check the relationship between PlayAGS Operating Income and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in PlayAGS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For more information on how to buy PlayAGS Stock please use our How to Invest in PlayAGS guide.

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PlayAGS Operating Income account and Gross Profit. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between PlayAGS's Operating Income and Gross Profit is 0.58. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of PlayAGS, assuming nothing else is changed. The correlation between historical values of PlayAGS's Operating Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of PlayAGS are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., PlayAGS's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Operating Income

Operating Income is the amount of profit realized from PlayAGS operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of PlayAGS is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of PlayAGS minus its cost of goods sold. It is profit before PlayAGS operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from PlayAGS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PlayAGS 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in PlayAGS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For more information on how to buy PlayAGS Stock please use our How to Invest in PlayAGS guide.Sales General And Administrative To Revenue is likely to gain to 0.30 in 2024, whereas Selling General Administrative is likely to drop slightly above 51.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	196.5M	222.8M	174.5M	153.7M
Total Revenue	259.7M	309.4M	356.5M	217.6M

Gross Profit Total Revenue

PlayAGS fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Good Will
Total Assets		0.78	0.91	0.44	0.91	0.98	-0.64	0.85	0.65	0.99	0.8	0.18	0.63	0.83	0.64	0.98	0.79	0.6	0.88	0.98	0.83	0.86	-0.8	0.97	0.88	0.99
Other Current Liab	0.78		0.96	0.37	0.86	0.75	-0.78	0.76	0.6	0.72	0.57	-0.22	0.58	0.9	0.84	0.74	0.88	0.82	0.91	0.77	0.86	0.45	-0.65	0.75	0.58	0.8
Total Current Liabilities	0.91	0.96		0.4	0.93	0.89	-0.76	0.89	0.62	0.87	0.68	-0.07	0.6	0.92	0.81	0.88	0.91	0.76	0.93	0.9	0.88	0.63	-0.73	0.88	0.75	0.92
Total Stockholder Equity	0.44	0.37	0.4		0.51	0.31	-0.04	0.41	0.33	0.44	0.49	-0.46	0.33	0.42	0.25	0.26	0.31	0.29	0.53	0.27	0.4	0.42	-0.56	0.23	0.36	0.34
Property Plant And Equipment Net	0.91	0.86	0.93	0.51		0.86	-0.75	0.91	0.58	0.87	0.62	-0.02	0.56	0.93	0.74	0.86	0.92	0.74	0.93	0.87	0.87	0.66	-0.67	0.86	0.7	0.92
Net Debt	0.98	0.75	0.89	0.31	0.86		-0.6	0.82	0.57	0.98	0.84	0.22	0.55	0.78	0.61	0.99	0.76	0.51	0.82	0.99	0.76	0.86	-0.82	0.98	0.88	0.97
Retained Earnings	-0.64	-0.78	-0.76	-0.04	-0.75	-0.6		-0.62	-0.65	-0.53	-0.21	-0.05	-0.63	-0.84	-0.76	-0.66	-0.88	-0.88	-0.8	-0.68	-0.86	-0.2	0.28	-0.71	-0.45	-0.74
Accounts Payable	0.85	0.76	0.89	0.41	0.91	0.82	-0.62		0.46	0.83	0.61	0.02	0.44	0.79	0.73	0.81	0.82	0.58	0.8	0.83	0.73	0.67	-0.63	0.81	0.7	0.85
Cash	0.65	0.6	0.62	0.33	0.58	0.57	-0.65	0.46		0.56	0.45	0.0	1.0	0.58	0.63	0.63	0.59	0.78	0.75	0.63	0.87	0.34	-0.5	0.64	0.5	0.64
Non Current Assets Total	0.99	0.72	0.87	0.44	0.87	0.98	-0.53	0.83	0.56		0.85	0.22	0.53	0.76	0.56	0.97	0.72	0.48	0.81	0.97	0.74	0.92	-0.82	0.95	0.89	0.96
Non Currrent Assets Other	0.8	0.57	0.68	0.49	0.62	0.84	-0.21	0.61	0.45	0.85		-0.07	0.44	0.51	0.43	0.76	0.46	0.21	0.65	0.76	0.53	0.83	-0.98	0.73	0.77	0.72
Other Assets	0.18	-0.22	-0.07	-0.46	-0.02	0.22	-0.05	0.02	0.0	0.22	-0.07		-0.01	-0.12	-0.23	0.31	-0.08	-0.17	-0.15	0.28	-0.06	0.35	0.21	0.31	0.21	0.21
Cash And Short Term Investments	0.63	0.58	0.6	0.33	0.56	0.55	-0.63	0.44	1.0	0.53	0.44	-0.01		0.57	0.62	0.6	0.58	0.77	0.74	0.61	0.86	0.32	-0.49	0.62	0.48	0.62
Net Receivables	0.83	0.9	0.92	0.42	0.93	0.78	-0.84	0.79	0.58	0.76	0.51	-0.12	0.57		0.77	0.79	0.97	0.83	0.95	0.8	0.91	0.46	-0.58	0.8	0.65	0.87
Short Term Investments	0.64	0.84	0.81	0.25	0.74	0.61	-0.76	0.73	0.63	0.56	0.43	-0.23	0.62	0.77		0.62	0.78	0.81	0.81	0.64	0.81	0.28	-0.51	0.63	0.34	0.67
Non Current Liabilities Total	0.98	0.74	0.88	0.26	0.86	0.99	-0.66	0.81	0.63	0.97	0.76	0.31	0.6	0.79	0.62		0.77	0.57	0.82	1.0	0.8	0.84	-0.73	1.0	0.87	0.98
Inventory	0.79	0.88	0.91	0.31	0.92	0.76	-0.88	0.82	0.59	0.72	0.46	-0.08	0.58	0.97	0.78	0.77		0.82	0.92	0.79	0.91	0.4	-0.53	0.79	0.61	0.85
Other Current Assets	0.6	0.82	0.76	0.29	0.74	0.51	-0.88	0.58	0.78	0.48	0.21	-0.17	0.77	0.83	0.81	0.57	0.82		0.84	0.59	0.91	0.15	-0.31	0.6	0.35	0.65
Other Stockholder Equity	0.88	0.91	0.93	0.53	0.93	0.82	-0.8	0.8	0.75	0.81	0.65	-0.15	0.74	0.95	0.81	0.82	0.92	0.84		0.84	0.96	0.53	-0.72	0.83	0.68	0.89
Total Liab	0.98	0.77	0.9	0.27	0.87	0.99	-0.68	0.83	0.63	0.97	0.76	0.28	0.61	0.8	0.64	1.0	0.79	0.59	0.84		0.81	0.83	-0.74	1.0	0.87	0.99
Total Current Assets	0.83	0.86	0.88	0.4	0.87	0.76	-0.86	0.73	0.87	0.74	0.53	-0.06	0.86	0.91	0.81	0.8	0.91	0.91	0.96	0.81		0.44	-0.59	0.81	0.64	0.85
Intangible Assets	0.86	0.45	0.63	0.42	0.66	0.86	-0.2	0.67	0.34	0.92	0.83	0.35	0.32	0.46	0.28	0.84	0.4	0.15	0.53	0.83	0.44		-0.75	0.81	0.83	0.79
Common Stock	-0.8	-0.65	-0.73	-0.56	-0.67	-0.82	0.28	-0.63	-0.5	-0.82	-0.98	0.21	-0.49	-0.58	-0.51	-0.73	-0.53	-0.31	-0.72	-0.74	-0.59	-0.75		-0.7	-0.72	-0.72
Short Long Term Debt Total	0.97	0.75	0.88	0.23	0.86	0.98	-0.71	0.81	0.64	0.95	0.73	0.31	0.62	0.8	0.63	1.0	0.79	0.6	0.83	1.0	0.81	0.81	-0.7		0.86	0.99
Current Deferred Revenue	0.88	0.58	0.75	0.36	0.7	0.88	-0.45	0.7	0.5	0.89	0.77	0.21	0.48	0.65	0.34	0.87	0.61	0.35	0.68	0.87	0.64	0.83	-0.72	0.86		0.87
Good Will	0.99	0.8	0.92	0.34	0.92	0.97	-0.74	0.85	0.64	0.96	0.72	0.21	0.62	0.87	0.67	0.98	0.85	0.65	0.89	0.99	0.85	0.79	-0.72	0.99	0.87

Click cells to compare fundamentals

PlayAGS Account Relationship Matchups

PlayAGS fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	762.4M	740.8M	732.8M	684.8M	680.3M	642.6M
Other Current Liab	34.8M	26.3M	37.0M	36.3M	30.9M	25.6M
Total Current Liabilities	56.5M	42.9M	55.5M	58.6M	47.6M	42.0M
Total Stockholder Equity	133.8M	53.8M	41.6M	49.4M	67.7M	66.4M
Property Plant And Equipment Net	115.1M	90.8M	87.4M	93.6M	88.6M	83.4M
Net Debt	522.8M	536.4M	525.2M	528.7M	513.8M	461.9M
Retained Earnings	(235.5M)	(321.4M)	(344.9M)	(353.1M)	(353.0M)	(335.4M)
Accounts Payable	15.6M	9.5M	9.4M	15.2M	5.4M	9.1M
Cash	13.2M	81.7M	95.0M	37.9M	51.2M	42.3M
Non Current Assets Total	646.8M	581.5M	547.7M	538.6M	515.0M	528.3M
Non Currrent Assets Other	5.0M	9.5M	7.4M	7.3M	4.7M	5.1M
Other Assets	14.1M	26.8M	14.7M	15.2M	13.7M	15.3M
Cash And Short Term Investments	13.2M	81.7M	95.0M	37.9M	51.2M	43.0M
Net Receivables	61.2M	41.7M	49.4M	59.9M	68.5M	39.5M
Short Term Investments	5.3M	4.7M	8.2M	8.9M	4.1M	4.7M
Non Current Liabilities Total	572.1M	644.1M	635.8M	576.8M	565.1M	534.1M
Inventory	32.9M	26.9M	27.5M	35.4M	36.1M	22.1M
Other Current Assets	8.3M	8.9M	13.1M	8.9M	9.6M	6.5M
Other Stockholder Equity	371.3M	379.9M	392.2M	406.4M	417.7M	280.6M
Total Liab	628.6M	687.0M	691.2M	635.4M	612.7M	576.2M
Total Current Assets	115.6M	159.3M	185.1M	146.2M	165.4M	112.5M
Intangible Assets	230.5M	187.6M	160.0M	142.1M	123.4M	186.7M
Common Stock	355K	364K	369K	378K	389K	369.6K
Short Long Term Debt Total	536.0M	618.1M	620.2M	566.6M	565.0M	550.1M
Good Will	287.0M	286.0M	285.5M	287.7M	290.5M	263.5M
Common Stock Total Equity	355K	364K	369K	378K	434.7K	271.3K
Common Stock Shares Outstanding	35.4M	35.6M	36.7M	37.3M	38.2M	33.6M
Liabilities And Stockholders Equity	762.4M	740.8M	732.8M	684.8M	680.3M	688.5M
Property Plant And Equipment Gross	115.1M	90.8M	87.4M	93.6M	294.3M	309.0M
Accumulated Other Comprehensive Income	(2.4M)	(5.1M)	(6.1M)	(4.3M)	2.6M	2.8M
Short Term Debt	6.0M	7.0M	9.0M	6.1M	8.8M	6.8M
Other Liab	42.1M	33.0M	24.6M	16.3M	14.7M	23.7M
Net Tangible Assets	(383.7M)	53.8M	(404.0M)	(380.4M)	(437.5M)	(459.4M)
Long Term Debt	517.6M	601.6M	598.9M	550.1M	547.5M	574.9M
Long Term Debt Total	518.7M	601.6M	599.3M	550.1M	632.6M	572.1M
Capital Surpluse	371.3M	379.9M	392.2M	406.4M	467.4M	310.8M
Short Long Term Debt	6.0M	7.0M	6.9M	6.1M	6.3M	6.8M

Pair Trading with PlayAGS

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PlayAGS position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PlayAGS will appreciate offsetting losses from the drop in the long position's value.

Moving together with PlayAGS Stock

0.78

Sweetgreen

Pair Corr

Moving against PlayAGS Stock

0.9	ACEL	Accel Entertainment	Pair Corr
0.85	FWRG	First Watch Restaurant	Pair Corr
0.75	BTBD	Bt Brands	Pair Corr
0.68	EVRI	Everi Holdings Buyout Trend	Pair Corr
0.53	WEN	The Wendys	Pair Corr

The ability to find closely correlated positions to PlayAGS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PlayAGS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PlayAGS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PlayAGS to buy it.

The correlation of PlayAGS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PlayAGS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PlayAGS moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for PlayAGS can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether PlayAGS is a strong investment it is important to analyze PlayAGS's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PlayAGS's future performance. For an informed investment choice regarding PlayAGS Stock, refer to the following important reports:

How To Invest In PlayAGS

Details

Is PlayAGS Stock a good investment?

Details

What is PlayAGS's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in PlayAGS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For more information on how to buy PlayAGS Stock please use our How to Invest in PlayAGS guide.

Note that the PlayAGS information on this page should be used as a complementary analysis to other PlayAGS's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for PlayAGS Stock analysis

When running PlayAGS's price analysis, check to measure PlayAGS'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 PlayAGS is operating at the current time. Most of PlayAGS's value examination focuses on studying past and present price action to predict the probability of PlayAGS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PlayAGS's price. Additionally, you may evaluate how the addition of PlayAGS to your portfolios can decrease your overall portfolio volatility.

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Is PlayAGS'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 PlayAGS. If investors know PlayAGS 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 PlayAGS 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

(1.00)

Earnings Share

0.12

Revenue Per Share

9.589

Quarterly Revenue Growth

0.154

Return On Assets

0.0621

The market value of PlayAGS is measured differently than its book value, which is the value of PlayAGS that is recorded on the company's balance sheet. Investors also form their own opinion of PlayAGS's value that differs from its market value or its book value, called intrinsic value, which is PlayAGS'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 PlayAGS's market value can be influenced by many factors that don't directly affect PlayAGS'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 PlayAGS's value and its price as these two are different measures arrived at by different means. Investors typically determine if PlayAGS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PlayAGS'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.

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PlayAGS Operating Income vs Gross Profit Analysis

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

PlayAGS fundamental ratios Correlations

PlayAGS Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PlayAGS fundamental ratios Accounts

Pair Trading with PlayAGS

Moving together with PlayAGS Stock

Moving against PlayAGS Stock

Complementary Tools for PlayAGS Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Short Long Term Debt Total	+ 1.0	Non Current Liabilities Total
Short Long Term Debt Total	+ 1.0	Total Liab
Non Current Assets Total	+ 0.99	Total Assets
Good Will	+ 0.99	Total Assets

Common Stock	- 0.98	Non Currrent Assets Other
Other Current Assets	- 0.88	Retained Earnings
Inventory	- 0.88	Retained Earnings
Total Current Assets	- 0.86	Retained Earnings
Net Receivables	- 0.84	Retained Earnings
Common Stock	- 0.82	Non Current Assets Total