United Total Liab vs Net Receivables Analysis
PRKS Stock | 52.15 0.25 0.48% |
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 Liab and its Net Receivables 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 tightly coupled with the direction of predictive economic indicators such as signals in industry.
Total Liab vs Net Receivables
Total Liab vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Parks Resorts Total Liab account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between United Parks' Total Liab and Net Receivables is 0.72. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Receivables 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 Liab and Net Receivables 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 Liab of United Parks Resorts are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Liab i.e., United Parks' Total Liab and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Net Receivables
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 tightly coupled with the direction of predictive economic indicators such as signals in industry. At this time, United Parks' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.08 in 2024, whereas Selling General Administrative is likely to drop slightly above 99 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.6B | 1.6B | 1.8B | 1.2B | Total Revenue | 1.7B | 1.7B | 2.0B | 1.5B |
United Parks fundamental ratios Correlations
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United Parks Account Relationship Matchups
High Positive Relationship
High Negative Relationship
United Parks fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.6B | 2.6B | 2.3B | 2.6B | 3.0B | 2.7B | |
Short Long Term Debt Total | 2.3B | 2.2B | 2.2B | 2.2B | 2.6B | 2.4B | |
Other Current Liab | 61.7M | 68.0M | 64.3M | 79.3M | 71.4M | 59.2M | |
Total Current Liabilities | 317.1M | 372.0M | 409.2M | 410.9M | 472.6M | 420.6M | |
Total Stockholder Equity | (105.8M) | (33.9M) | (437.7M) | (208.2M) | (187.4M) | (178.0M) | |
Property Plant And Equipment Net | 1.8B | 1.8B | 1.8B | 2.0B | 2.3B | 2.0B | |
Current Deferred Revenue | 130.8M | 154.8M | 169.5M | 155.6M | 179.0M | 157.3M | |
Net Debt | 1.9B | 1.8B | 2.2B | 2.0B | 2.3B | 2.1B | |
Retained Earnings | (371.8M) | (115.3M) | 175.9M | 410.1M | 471.6M | 495.2M | |
Accounts Payable | 105.4M | 134.3M | 159.9M | 160.6M | 184.7M | 152.2M | |
Cash | 433.9M | 443.7M | 79.2M | 246.9M | 284.0M | 273.8M | |
Non Current Assets Total | 2.1B | 2.0B | 2.1B | 2.2B | 2.6B | 2.3B | |
Non Currrent Assets Other | 15.3M | 18.3M | 19.3M | 33.5M | 38.5M | 21.1M | |
Cash And Short Term Investments | 433.9M | 443.7M | 79.2M | 246.9M | 284.0M | 273.8M | |
Net Receivables | 30.4M | 76.9M | 71.1M | 73.8M | 84.9M | 66.4M | |
Common Stock Shares Outstanding | 78.2M | 79.6M | 70.3M | 64.5M | 58.0M | 59.8M | |
Liabilities And Stockholders Equity | 2.6B | 2.6B | 2.3B | 2.6B | 3.0B | 2.7B | |
Non Current Liabilities Total | 2.4B | 2.3B | 2.4B | 2.4B | 2.8B | 2.4B | |
Inventory | 30.7M | 29.5M | 55.2M | 49.2M | 56.6M | 43.5M | |
Other Current Assets | 8.5M | 11.1M | 20.4M | 16.7M | 15.0M | 16.3M | |
Other Stockholder Equity | 265.1M | 80.4M | (614.5M) | (619.3M) | (557.4M) | (529.5M) | |
Total Liab | 2.7B | 2.6B | 2.8B | 2.8B | 3.3B | 2.9B | |
Total Current Assets | 507.4M | 567.4M | 233.7M | 390.2M | 448.7M | 410.9M | |
Short Term Debt | 19.3M | 14.9M | 15.4M | 15.4M | 13.8M | 21.6M | |
Common Stock | 946K | 955K | 963K | 967K | 1.1M | 1.0M |
Pair Trading with United Parks
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 United Parks 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 United Parks will appreciate offsetting losses from the drop in the long position's value.Moving against United Stock
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The ability to find closely correlated positions to United Parks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Parks 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 United Parks - 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 United Parks Resorts to buy it.
The correlation of United Parks 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 United Parks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Parks Resorts 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 United Parks 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.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 tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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When running United Parks' price analysis, check to measure United Parks' 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 United Parks is operating at the current time. Most of United Parks' value examination focuses on studying past and present price action to predict the probability of United Parks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Parks' price. Additionally, you may evaluate how the addition of United Parks to your portfolios can decrease your overall portfolio volatility.
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Is United Parks' 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 United Parks. If investors know United 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 United Parks listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 27.057 | Quarterly Revenue Growth 0.014 |
The market value of United Parks Resorts is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Parks' value that differs from its market value or its book value, called intrinsic value, which is United Parks' 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 United Parks' market value can be influenced by many factors that don't directly affect United Parks' 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 United Parks' value and its price as these two are different measures arrived at by different means. Investors typically determine if United Parks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Parks' 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.