Planet Operating Income vs Total Revenue Analysis

PLNT Stock

USD 70.50 2.43 3.57%

Planet Fitness financial indicator trend analysis is much more than just breaking down Planet Fitness prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Planet Fitness is a good investment. Please check the relationship between Planet Fitness Operating Income and its Total Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Planet Fitness. 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.

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

Operating Income vs Total Revenue

Operating Income vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Planet Fitness Operating Income account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Planet Fitness' Operating Income and Total Revenue is 0.95. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Planet Fitness, assuming nothing else is changed. The correlation between historical values of Planet Fitness' Operating Income and Total Revenue 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 Planet Fitness are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Operating Income i.e., Planet Fitness' Operating Income and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

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Operating Income

Operating Income is the amount of profit realized from Planet Fitness 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 Planet Fitness 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.

Total Revenue

Total revenue comprises all receipts Planet Fitness generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Planet Fitness' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Planet Fitness 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 Planet Fitness. 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.

For more information on how to buy Planet Stock please use our How to Invest in Planet Fitness guide.Sales General And Administrative To Revenue is likely to gain to 0.13 in 2024, whereas Selling General Administrative is likely to drop slightly above 64.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	315.9M	474.0M	408.2M	267.8M
Total Revenue	587.0M	936.8M	1.1B	554.8M

Gross Profit Total Revenue

Planet Fitness fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Total Assets		0.97	0.95	0.98	-0.62	0.85	0.88	0.86	0.98	-0.43	0.83	0.98	-0.62	0.8	0.95	0.87	0.81	0.78	0.84	0.46	0.96	0.27	0.68	0.35	0.96	0.85
Short Long Term Debt Total	0.97		0.92	0.92	-0.78	0.89	0.83	0.8	0.99	-0.47	0.92	0.92	-0.73	0.87	1.0	0.94	0.8	0.67	0.88	0.37	0.99	0.12	0.78	0.19	0.99	0.78
Other Current Liab	0.95	0.92		0.98	-0.61	0.83	0.81	0.81	0.92	-0.3	0.82	0.92	-0.59	0.75	0.91	0.84	0.88	0.73	0.86	0.33	0.92	0.35	0.67	0.28	0.93	0.79
Total Current Liabilities	0.98	0.92	0.98		-0.54	0.81	0.86	0.86	0.94	-0.32	0.78	0.97	-0.56	0.73	0.9	0.82	0.84	0.79	0.83	0.47	0.91	0.38	0.58	0.39	0.92	0.85
Total Stockholder Equity	-0.62	-0.78	-0.61	-0.54		-0.84	-0.4	-0.37	-0.73	0.24	-0.88	-0.49	0.78	-0.87	-0.82	-0.86	-0.67	-0.15	-0.81	0.02	-0.82	0.24	-0.82	0.41	-0.8	-0.33
Other Liab	0.85	0.89	0.83	0.81	-0.84		0.65	0.67	0.88	-0.18	0.81	0.79	-0.68	0.98	0.91	0.83	0.9	0.5	0.91	0.3	0.93	0.08	0.68	-0.08	0.93	0.61
Property Plant And Equipment Net	0.88	0.83	0.81	0.86	-0.4	0.65		0.99	0.85	-0.61	0.67	0.88	-0.51	0.61	0.8	0.71	0.65	0.96	0.67	0.75	0.8	0.3	0.45	0.64	0.81	0.99
Current Deferred Revenue	0.86	0.8	0.81	0.86	-0.37	0.67	0.99		0.83	-0.53	0.61	0.88	-0.5	0.61	0.77	0.65	0.7	0.97	0.68	0.78	0.78	0.4	0.38	0.63	0.79	0.99
Net Debt	0.98	0.99	0.92	0.94	-0.73	0.88	0.85	0.83		-0.48	0.87	0.95	-0.7	0.85	0.99	0.9	0.81	0.72	0.85	0.42	0.99	0.18	0.73	0.24	0.99	0.81
Accounts Payable	-0.43	-0.47	-0.3	-0.32	0.24	-0.18	-0.61	-0.53	-0.48		-0.39	-0.42	0.38	-0.24	-0.45	-0.39	-0.12	-0.55	-0.22	-0.35	-0.42	0.09	-0.43	-0.44	-0.41	-0.56
Cash	0.83	0.92	0.82	0.78	-0.88	0.81	0.67	0.61	0.87	-0.39		0.71	-0.74	0.82	0.94	1.0	0.7	0.45	0.88	0.17	0.92	-0.09	0.89	0.01	0.92	0.62
Non Current Assets Total	0.98	0.92	0.92	0.97	-0.49	0.79	0.88	0.88	0.95	-0.42	0.71		-0.53	0.73	0.89	0.76	0.78	0.83	0.76	0.52	0.9	0.37	0.56	0.45	0.91	0.86
Non Currrent Assets Other	-0.62	-0.73	-0.59	-0.56	0.78	-0.68	-0.51	-0.5	-0.7	0.38	-0.74	-0.53		-0.67	-0.75	-0.74	-0.53	-0.36	-0.64	-0.19	-0.74	-0.18	-0.67	0.15	-0.73	-0.47
Other Assets	0.8	0.87	0.75	0.73	-0.87	0.98	0.61	0.61	0.85	-0.24	0.82	0.73	-0.67		0.89	0.83	0.83	0.43	0.89	0.25	0.91	-0.05	0.73	-0.12	0.91	0.56
Long Term Debt	0.95	1.0	0.91	0.9	-0.82	0.91	0.8	0.77	0.99	-0.45	0.94	0.89	-0.75	0.89		0.95	0.82	0.64	0.9	0.34	1.0	0.1	0.8	0.13	1.0	0.75
Cash And Short Term Investments	0.87	0.94	0.84	0.82	-0.86	0.83	0.71	0.65	0.9	-0.39	1.0	0.76	-0.74	0.83	0.95		0.71	0.49	0.89	0.24	0.94	-0.06	0.86	0.06	0.94	0.66
Net Receivables	0.81	0.8	0.88	0.84	-0.67	0.9	0.65	0.7	0.81	-0.12	0.7	0.78	-0.53	0.83	0.82	0.71		0.58	0.91	0.29	0.84	0.34	0.54	0.04	0.84	0.62
Good Will	0.78	0.67	0.73	0.79	-0.15	0.5	0.96	0.97	0.72	-0.55	0.45	0.83	-0.36	0.43	0.64	0.49	0.58		0.52	0.79	0.64	0.49	0.25	0.77	0.65	0.97
Common Stock Shares Outstanding	0.84	0.88	0.86	0.83	-0.81	0.91	0.67	0.68	0.85	-0.22	0.88	0.76	-0.64	0.89	0.9	0.89	0.91	0.52		0.28	0.91	0.14	0.7	0.01	0.91	0.63
Short Term Investments	0.46	0.37	0.33	0.47	0.02	0.3	0.75	0.78	0.42	-0.35	0.17	0.52	-0.19	0.25	0.34	0.24	0.29	0.79	0.28		0.35	0.3	-0.18	0.69	0.36	0.79
Non Current Liabilities Total	0.96	0.99	0.92	0.91	-0.82	0.93	0.8	0.78	0.99	-0.42	0.92	0.9	-0.74	0.91	1.0	0.94	0.84	0.64	0.91	0.35		0.11	0.79	0.13	1.0	0.76
Inventory	0.27	0.12	0.35	0.38	0.24	0.08	0.3	0.4	0.18	0.09	-0.09	0.37	-0.18	-0.05	0.1	-0.06	0.34	0.49	0.14	0.3	0.11		-0.16	0.36	0.12	0.33
Other Current Assets	0.68	0.78	0.67	0.58	-0.82	0.68	0.45	0.38	0.73	-0.43	0.89	0.56	-0.67	0.73	0.8	0.86	0.54	0.25	0.7	-0.18	0.79	-0.16		-0.14	0.78	0.38
Other Stockholder Equity	0.35	0.19	0.28	0.39	0.41	-0.08	0.64	0.63	0.24	-0.44	0.01	0.45	0.15	-0.12	0.13	0.06	0.04	0.77	0.01	0.69	0.13	0.36	-0.14		0.14	0.68
Total Liab	0.96	0.99	0.93	0.92	-0.8	0.93	0.81	0.79	0.99	-0.41	0.92	0.91	-0.73	0.91	1.0	0.94	0.84	0.65	0.91	0.36	1.0	0.12	0.78	0.14		0.77
Property Plant And Equipment Gross	0.85	0.78	0.79	0.85	-0.33	0.61	0.99	0.99	0.81	-0.56	0.62	0.86	-0.47	0.56	0.75	0.66	0.62	0.97	0.63	0.79	0.76	0.33	0.38	0.68	0.77

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Planet Fitness Account Relationship Matchups

Planet Fitness fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.8B	2.0B	2.9B	3.0B	1.7B
Short Long Term Debt Total	1.9B	1.9B	2.0B	2.3B	2.4B	1.4B
Other Current Liab	79.1M	48.3M	102.9M	149.4M	113.2M	69.2M
Total Current Liabilities	145.5M	111.9M	176.6M	244.5M	251.3M	144.0M
Total Stockholder Equity	(706.5M)	(705.9M)	(645.4M)	(199.0M)	(115.6M)	(121.4M)
Other Liab	438.7M	524.2M	544.3M	501.3M	576.5M	382.9M
Property Plant And Equipment Net	301.1M	324.9M	364.0M	695.8M	771.4M	810.0M
Current Deferred Revenue	27.6M	26.7M	28.4M	53.8M	59.6M	62.6M
Net Debt	1.4B	1.5B	1.4B	1.9B	2.1B	1.1B
Accounts Payable	21.3M	19.4M	27.9M	20.6M	23.8M	20.1M
Cash	436.3M	439.5M	545.9M	409.8M	322.1M	270.2M
Non Current Assets Total	1.2B	1.3B	1.4B	2.3B	2.5B	1.3B
Non Currrent Assets Other	1.9M	1.9M	2.0M	3.9M	3.9M	4.1M
Other Assets	414.2M	677.3M	541.3M	458.4M	527.2M	382.9M
Long Term Debt	1.7B	1.8B	1.7B	2.0B	2.0B	1.3B
Cash And Short Term Investments	436.3M	439.5M	545.9M	409.8M	397.0M	277.7M
Net Receivables	52.4M	38.7M	44.4M	66.7M	56.3M	47.9M
Common Stock Shares Outstanding	83.6M	80.3M	83.9M	84.5M	85.2M	73.5M
Liabilities And Stockholders Equity	1.7B	1.8B	2.0B	2.9B	3.0B	1.7B
Non Current Liabilities Total	2.3B	2.4B	2.5B	2.8B	2.8B	1.8B
Inventory	877K	473K	1.2M	5.3M	4.7M	3.2M
Other Current Assets	50.6M	88.2M	70.9M	79.2M	13.8M	13.1M
Other Stockholder Equity	29.8M	45.7M	63.4M	505.1M	575.6M	604.4M
Total Liab	2.4B	2.6B	2.7B	3.1B	3.1B	1.9B
Property Plant And Equipment Gross	301.1M	324.9M	516.3M	923.6M	1.1B	1.1B
Total Current Assets	540.1M	566.8M	662.4M	555.5M	471.8M	365.9M
Accumulated Other Comprehensive Income	303K	27K	12K	(448K)	172K	180.6K
Intangible Assets	233.9M	217.1M	200.9M	417.1M	372.5M	303.7M
Property Plant Equipment	301.1M	160.7M	364.0M	695.8M	800.1M	840.1M
Net Tangible Assets	(1.2B)	(1.2B)	(1.1B)	(1.3B)	(1.2B)	(1.2B)
Retained Earnings	(736.6M)	(751.6M)	(708.8M)	(703.7M)	(691.5M)	(656.9M)
Deferred Long Term Liab	16.2M	12.4M	1.1M	881K	792.9K	753.3K
Noncontrolling Interest In Consolidated Entity	(8.2M)	(1.3M)	196K	2.5M	2.9M	3.0M
Retained Earnings Total Equity	(394.4M)	(736.6M)	(751.6M)	(708.8M)	(637.9M)	(669.8M)

Pair Trading with Planet Fitness

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 Planet Fitness 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 Planet Fitness will appreciate offsetting losses from the drop in the long position's value.

Moving together with Planet Stock

0.63	FUN	Cedar Fair LP	Pair Corr
0.63	SIX	Six Flags Entertainment	Pair Corr

Moving against Planet Stock

0.42	AAP	Advance Auto Parts	Pair Corr
0.38	TM	Toyota Motor	Pair Corr
0.35	VNCE	Vince Holding Corp	Pair Corr
0.35	AZO	AutoZone Fiscal Year End 17th of September 2024	Pair Corr

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

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

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

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