PetMed Net Receivables vs Capital Stock Analysis

PETS Stock

USD 4.34 0.11 2.60%

PetMed Express financial indicator trend analysis is much more than just breaking down PetMed Express prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PetMed Express is a good investment. Please check the relationship between PetMed Express Net Receivables and its Capital Stock accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PetMed Express. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Net Receivables vs Capital Stock

Net Receivables vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PetMed Express Net Receivables account and Capital Stock. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between PetMed Express' Net Receivables and Capital Stock is -0.17. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Capital Stock in the same time period over historical financial statements of PetMed Express, assuming nothing else is changed. The correlation between historical values of PetMed Express' Net Receivables and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of PetMed Express are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Receivables i.e., PetMed Express' Net Receivables and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.17

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Receivables

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

Most indicators from PetMed Express' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PetMed Express 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 PetMed Express. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy PetMed Stock please use our How to Invest in PetMed Express guide.At this time, PetMed Express' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 100.56 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.15 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	78.1M	71.0M	81.7M	71.6M
Total Revenue	273.4M	256.9M	295.4M	210.1M

Gross Profit Total Revenue

PetMed Express fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Preferred Stock Total Equity
Total Assets		-0.6	0.76	0.92	0.86	0.81	-0.94	0.84	0.92	0.98	0.84	-0.35	0.99	0.63	0.72	0.69	0.08	0.29	0.77	0.63	0.91	0.81	0.86	-0.61	0.72	-0.48
Short Long Term Debt Total	-0.6		-0.31	-0.36	-0.68	-0.35	0.49	-0.72	-0.36	-0.46	-0.36	0.12	-0.53	-0.64	-0.96	-0.97	0.03	-0.73	-0.35	-0.26	-0.32	-0.35	-0.64	1.0	-0.96	0.1
Other Current Liab	0.76	-0.31		0.85	0.44	0.58	-0.59	0.37	0.74	0.74	0.7	0.22	0.75	0.17	0.51	0.49	0.36	0.01	0.84	0.66	0.88	0.58	0.48	-0.32	0.51	-0.76
Total Current Liabilities	0.92	-0.36	0.85		0.69	0.74	-0.85	0.64	0.98	0.92	0.79	-0.22	0.92	0.4	0.51	0.47	0.13	0.16	0.85	0.57	1.0	0.74	0.74	-0.36	0.51	-0.56
Total Stockholder Equity	0.86	-0.68	0.44	0.69		0.7	-0.91	0.99	0.74	0.84	0.68	-0.53	0.85	0.75	0.73	0.69	-0.07	0.4	0.54	0.44	0.66	0.7	0.98	-0.68	0.73	-0.02
Property Plant And Equipment Net	0.81	-0.35	0.58	0.74	0.7		-0.81	0.65	0.75	0.84	0.98	-0.24	0.78	0.5	0.49	0.43	0.14	-0.08	0.46	0.74	0.74	1.0	0.6	-0.35	0.49	-0.38
Net Debt	-0.94	0.49	-0.59	-0.85	-0.91	-0.81		-0.89	-0.89	-0.97	-0.8	0.54	-0.96	-0.69	-0.57	-0.53	0.0	-0.18	-0.66	-0.54	-0.83	-0.81	-0.9	0.49	-0.57	0.22
Retained Earnings	0.84	-0.72	0.37	0.64	0.99	0.65	-0.89		0.71	0.8	0.61	-0.58	0.82	0.8	0.74	0.71	-0.13	0.47	0.5	0.35	0.6	0.65	0.97	-0.72	0.74	0.03
Accounts Payable	0.92	-0.36	0.74	0.98	0.74	0.75	-0.89	0.71		0.93	0.77	-0.37	0.92	0.47	0.49	0.45	0.03	0.22	0.79	0.5	0.97	0.75	0.79	-0.37	0.49	-0.44
Cash	0.98	-0.46	0.74	0.92	0.84	0.84	-0.97	0.8	0.93		0.85	-0.41	0.99	0.61	0.59	0.55	0.09	0.12	0.74	0.64	0.91	0.84	0.83	-0.46	0.59	-0.46
Non Current Assets Total	0.84	-0.36	0.7	0.79	0.68	0.98	-0.8	0.61	0.77	0.85		-0.13	0.8	0.45	0.53	0.47	0.22	-0.09	0.54	0.8	0.8	0.98	0.59	-0.36	0.53	-0.5
Non Currrent Assets Other	-0.35	0.12	0.22	-0.22	-0.53	-0.24	0.54	-0.58	-0.37	-0.41	-0.13		-0.4	-0.6	-0.03	-0.03	0.41	-0.2	-0.14	0.12	-0.18	-0.24	-0.54	0.12	-0.03	-0.33
Cash And Short Term Investments	0.99	-0.53	0.75	0.92	0.85	0.78	-0.96	0.82	0.92	0.99	0.8	-0.4		0.64	0.65	0.62	0.07	0.21	0.76	0.6	0.91	0.78	0.86	-0.53	0.65	-0.47
Net Receivables	0.63	-0.64	0.17	0.4	0.75	0.5	-0.69	0.8	0.47	0.61	0.45	-0.6	0.64		0.59	0.59	-0.15	0.3	0.25	0.07	0.36	0.5	0.7	-0.64	0.59	0.02
Common Stock Total Equity	0.72	-0.96	0.51	0.51	0.73	0.49	-0.57	0.74	0.49	0.59	0.53	-0.03	0.65	0.59		0.99	0.06	0.63	0.47	0.46	0.48	0.49	0.69	-0.96	1.0	-0.3
Common Stock Shares Outstanding	0.69	-0.97	0.49	0.47	0.69	0.43	-0.53	0.71	0.45	0.55	0.47	-0.03	0.62	0.59	0.99		0.06	0.66	0.46	0.41	0.45	0.43	0.65	-0.97	0.99	-0.31
Non Current Liabilities Total	0.08	0.03	0.36	0.13	-0.07	0.14	0.0	-0.13	0.03	0.09	0.22	0.41	0.07	-0.15	0.06	0.06		-0.28	0.19	0.32	0.15	0.14	-0.1	0.02	0.06	-0.34
Inventory	0.29	-0.73	0.01	0.16	0.4	-0.08	-0.18	0.47	0.22	0.12	-0.09	-0.2	0.21	0.3	0.63	0.66	-0.28		0.27	-0.14	0.11	-0.08	0.45	-0.73	0.63	0.1
Other Current Assets	0.77	-0.35	0.84	0.85	0.54	0.46	-0.66	0.5	0.79	0.74	0.54	-0.14	0.76	0.25	0.47	0.46	0.19	0.27		0.42	0.85	0.46	0.62	-0.36	0.47	-0.56
Other Stockholder Equity	0.63	-0.26	0.66	0.57	0.44	0.74	-0.54	0.35	0.5	0.64	0.8	0.12	0.6	0.07	0.46	0.41	0.32	-0.14	0.42		0.6	0.74	0.36	-0.27	0.46	-0.57
Total Liab	0.91	-0.32	0.88	1.0	0.66	0.74	-0.83	0.6	0.97	0.91	0.8	-0.18	0.91	0.36	0.48	0.45	0.15	0.11	0.85	0.6		0.74	0.71	-0.32	0.48	-0.59
Property Plant And Equipment Gross	0.81	-0.35	0.58	0.74	0.7	1.0	-0.81	0.65	0.75	0.84	0.98	-0.24	0.78	0.5	0.49	0.43	0.14	-0.08	0.46	0.74	0.74		0.6	-0.35	0.49	-0.38
Total Current Assets	0.86	-0.64	0.48	0.74	0.98	0.6	-0.9	0.97	0.79	0.83	0.59	-0.54	0.86	0.7	0.69	0.65	-0.1	0.45	0.62	0.36	0.71	0.6		-0.64	0.69	-0.02
Short Term Debt	-0.61	1.0	-0.32	-0.36	-0.68	-0.35	0.49	-0.72	-0.37	-0.46	-0.36	0.12	-0.53	-0.64	-0.96	-0.97	0.02	-0.73	-0.36	-0.27	-0.32	-0.35	-0.64		-0.96	0.11
Common Stock	0.72	-0.96	0.51	0.51	0.73	0.49	-0.57	0.74	0.49	0.59	0.53	-0.03	0.65	0.59	1.0	0.99	0.06	0.63	0.47	0.46	0.48	0.49	0.69	-0.96		-0.3
Preferred Stock Total Equity	-0.48	0.1	-0.76	-0.56	-0.02	-0.38	0.22	0.03	-0.44	-0.46	-0.5	-0.33	-0.47	0.02	-0.3	-0.31	-0.34	0.1	-0.56	-0.57	-0.59	-0.38	-0.02	0.11	-0.3

Click cells to compare fundamentals

PetMed Express Account Relationship Matchups

PetMed Express fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	155.3M	187.5M	176.3M	164.1M	188.7M	198.2M
Other Current Liab	4.7M	5.4M	5.7M	11.3M	13.0M	13.6M
Total Current Liabilities	24.3M	44.9M	33.2M	36.5M	42.0M	44.1M
Total Stockholder Equity	130.0M	141.3M	142.2M	123.8M	142.4M	79.3M
Property Plant And Equipment Net	25.4M	25.5M	24.5M	26.2M	30.1M	31.6M
Net Debt	(103.8M)	(118.7M)	(111.1M)	(104.1M)	(93.7M)	(89.0M)
Retained Earnings	126.2M	134.1M	130.5M	105.5M	121.3M	71.7M
Accounts Payable	19.7M	39.5M	27.5M	25.2M	29.0M	30.4M
Cash	103.8M	118.7M	111.1M	104.1M	119.7M	125.7M
Non Current Assets Total	26.3M	26.3M	25.3M	32.7M	37.6M	39.4M
Non Currrent Assets Other	(26.3M)	(26.3M)	(25.3M)	5.9M	5.3M	5.5M
Cash And Short Term Investments	103.8M	118.7M	111.1M	104.1M	119.7M	125.7M
Net Receivables	3.8M	2.6M	1.9M	1.7M	2.0M	1.9M
Common Stock Shares Outstanding	20.1M	20.1M	20.4M	20.3M	23.4M	22.4M
Liabilities And Stockholders Equity	155.3M	187.5M	176.3M	164.1M	188.7M	198.2M
Non Current Liabilities Total	970K	1.3M	936K	3.8M	3.4M	3.6M
Inventory	17.9M	34.4M	32.5M	19.0M	21.9M	21.7M
Other Current Assets	3.5M	4.5M	5.5M	4.7M	5.4M	5.7M
Other Stockholder Equity	3.8M	7.1M	11.7M	18.3M	21.0M	22.1M
Total Liab	25.3M	46.2M	34.1M	40.3M	46.4M	48.7M
Property Plant And Equipment Gross	25.4M	25.5M	24.5M	26.2M	30.1M	31.6M
Total Current Assets	129.0M	161.2M	151.0M	131.5M	151.2M	78.0M
Property Plant Equipment	25.4M	25.5M	24.5M	26.2M	30.1M	31.6M
Net Tangible Assets	130.0M	141.3M	141.3M	123.8M	142.4M	114.5M
Retained Earnings Total Equity	126.2M	134.1M	130.5M	105.5M	121.3M	107.8M
Capital Surpluse	3.8M	7.1M	11.7M	18.3M	21.0M	22.1M
Other Liab	1.1M	970K	1.3M	936K	842.4K	852.3K
Net Invested Capital	130.0M	141.3M	142.2M	123.8M	142.4M	144.4M
Net Working Capital	104.7M	116.3M	117.8M	95.0M	109.2M	115.2M

Pair Trading with PetMed Express

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 PetMed Express 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 PetMed Express will appreciate offsetting losses from the drop in the long position's value.

Moving against PetMed Stock

0.78	LE	Lands End	Pair Corr
0.47	BQ	Boqii Holding Limited	Pair Corr
0.42	YJ	Yunji Inc Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to PetMed Express could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PetMed Express 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 PetMed Express - 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 PetMed Express to buy it.

The correlation of PetMed Express 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 PetMed Express moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PetMed Express 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 PetMed Express 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

Additional Tools for PetMed Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC