Tillys Property Plant Equipment vs Net Tangible Assets Analysis

TLYS Stock

USD 5.57 0.23 3.97%

Tillys financial indicator trend analysis is much more than just breaking down Tillys Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tillys Inc is a good investment. Please check the relationship between Tillys Property Plant Equipment and its Net Tangible Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tillys Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Property Plant Equipment vs Net Tangible Assets

Property Plant Equipment vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tillys Inc Property Plant Equipment account and Net Tangible Assets. At this time, the significance of the direction appears to have very week relationship.

The correlation between Tillys' Property Plant Equipment and Net Tangible Assets is 0.29. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Tillys Inc, assuming nothing else is changed. The correlation between historical values of Tillys' Property Plant Equipment and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Tillys Inc are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Property Plant Equipment i.e., Tillys' Property Plant Equipment and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.29

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Property Plant Equipment

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Tillys' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tillys Inc 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tillys Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

At this time, Tillys' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 7.60 in 2024, whereas Selling General Administrative is likely to drop slightly above 144.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	276.7M	202.8M	165.7M	179.2M
Total Revenue	775.7M	672.3M	623.1M	587.7M

Gross Profit Total Revenue

Tillys fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	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
Total Assets		0.78	0.3	0.94	0.58	0.95	0.93	0.83	-0.51	0.47	0.56	0.95	-0.53	0.68	0.64	0.74	0.78	0.85	0.84	-0.09	0.85	0.97	0.7	0.77	0.94	0.76
Short Long Term Debt Total	0.78		0.61	0.9	0.36	0.69	0.81	0.62	-0.48	0.48	0.46	0.69	-0.46	0.66	0.5	0.52	0.62	0.62	0.7	-0.11	0.69	0.79	0.48	0.72	0.74	0.53
Other Current Liab	0.3	0.61		0.56	0.59	0.05	0.36	-0.06	-0.09	0.62	0.57	0.03	-0.34	0.83	0.05	0.37	0.58	0.02	0.45	-0.11	0.51	0.17	-0.02	0.77	0.06	0.37
Total Current Liabilities	0.94	0.9	0.56		0.56	0.85	0.9	0.75	-0.49	0.64	0.58	0.83	-0.58	0.79	0.58	0.65	0.78	0.77	0.81	-0.21	0.82	0.91	0.6	0.85	0.86	0.68
Total Stockholder Equity	0.58	0.36	0.59	0.56		0.35	0.59	0.12	-0.03	0.51	0.76	0.33	-0.21	0.86	0.28	0.68	0.85	0.23	0.71	0.19	0.81	0.37	0.17	0.89	0.29	0.69
Property Plant And Equipment Net	0.95	0.69	0.05	0.85	0.35		0.85	0.92	-0.51	0.36	0.39	0.99	-0.54	0.45	0.71	0.58	0.59	0.9	0.7	-0.13	0.69	0.98	0.72	0.55	0.99	0.6
Current Deferred Revenue	0.93	0.81	0.36	0.9	0.59	0.85		0.74	-0.36	0.35	0.6	0.85	-0.33	0.71	0.44	0.63	0.73	0.77	0.78	-0.13	0.8	0.89	0.64	0.79	0.87	0.66
Net Debt	0.83	0.62	-0.06	0.75	0.12	0.92	0.74		-0.67	0.28	0.18	0.92	-0.39	0.25	0.66	0.48	0.49	0.97	0.59	-0.18	0.54	0.91	0.86	0.37	0.94	0.51
Retained Earnings	-0.51	-0.48	-0.09	-0.49	-0.03	-0.51	-0.36	-0.67		-0.25	0.15	-0.55	0.05	-0.08	-0.58	-0.67	-0.52	-0.69	-0.64	-0.23	-0.55	-0.57	-0.75	-0.25	-0.54	-0.67
Accounts Payable	0.47	0.48	0.62	0.64	0.51	0.36	0.35	0.28	-0.25		0.28	0.3	-0.44	0.63	0.42	0.37	0.64	0.26	0.57	-0.33	0.52	0.39	0.1	0.66	0.32	0.41
Cash	0.56	0.46	0.57	0.58	0.76	0.39	0.6	0.18	0.15	0.28		0.37	-0.54	0.84	0.18	0.4	0.57	0.3	0.41	0.08	0.56	0.42	0.21	0.77	0.37	0.38
Non Current Assets Total	0.95	0.69	0.03	0.83	0.33	0.99	0.85	0.92	-0.55	0.3	0.37		-0.5	0.42	0.67	0.63	0.59	0.91	0.71	-0.11	0.7	0.99	0.76	0.53	0.99	0.65
Non Currrent Assets Other	-0.53	-0.46	-0.34	-0.58	-0.21	-0.54	-0.33	-0.39	0.05	-0.44	-0.54	-0.5		-0.49	-0.44	-0.17	-0.23	-0.39	-0.16	0.32	-0.26	-0.54	-0.18	-0.41	-0.5	-0.15
Cash And Short Term Investments	0.68	0.66	0.83	0.79	0.86	0.45	0.71	0.25	-0.08	0.63	0.84	0.42	-0.49		0.25	0.58	0.79	0.34	0.67	-0.12	0.77	0.52	0.23	0.97	0.43	0.6
Net Receivables	0.64	0.5	0.05	0.58	0.28	0.71	0.44	0.66	-0.58	0.42	0.18	0.67	-0.44	0.25		0.48	0.56	0.61	0.58	0.24	0.57	0.65	0.44	0.39	0.66	0.48
Common Stock Total Equity	0.74	0.52	0.37	0.65	0.68	0.58	0.63	0.48	-0.67	0.37	0.4	0.63	-0.17	0.58	0.48		0.87	0.59	0.9	0.31	0.93	0.64	0.62	0.71	0.55	1.0
Common Stock Shares Outstanding	0.78	0.62	0.58	0.78	0.85	0.59	0.73	0.49	-0.52	0.64	0.57	0.59	-0.23	0.79	0.56	0.87		0.58	0.94	0.19	0.95	0.64	0.54	0.9	0.56	0.88
Non Current Liabilities Total	0.85	0.62	0.02	0.77	0.23	0.9	0.77	0.97	-0.69	0.26	0.3	0.91	-0.39	0.34	0.61	0.59	0.58		0.65	-0.09	0.61	0.91	0.94	0.45	0.92	0.61
Inventory	0.84	0.7	0.45	0.81	0.71	0.7	0.78	0.59	-0.64	0.57	0.41	0.71	-0.16	0.67	0.58	0.9	0.94	0.65		0.19	0.97	0.75	0.58	0.83	0.68	0.92
Other Current Assets	-0.09	-0.11	-0.11	-0.21	0.19	-0.13	-0.13	-0.18	-0.23	-0.33	0.08	-0.11	0.32	-0.12	0.24	0.31	0.19	-0.09	0.19		0.23	-0.15	0.01	-0.02	-0.16	0.25
Other Stockholder Equity	0.85	0.69	0.51	0.82	0.81	0.69	0.8	0.54	-0.55	0.52	0.56	0.7	-0.26	0.77	0.57	0.93	0.95	0.61	0.97	0.23		0.74	0.55	0.89	0.66	0.94
Total Liab	0.97	0.79	0.17	0.91	0.37	0.98	0.89	0.91	-0.57	0.39	0.42	0.99	-0.54	0.52	0.65	0.64	0.64	0.91	0.75	-0.15	0.74		0.75	0.62	0.99	0.66
Property Plant And Equipment Gross	0.7	0.48	-0.02	0.6	0.17	0.72	0.64	0.86	-0.75	0.1	0.21	0.76	-0.18	0.23	0.44	0.62	0.54	0.94	0.58	0.01	0.55	0.75		0.34	0.75	0.63
Total Current Assets	0.77	0.72	0.77	0.85	0.89	0.55	0.79	0.37	-0.25	0.66	0.77	0.53	-0.41	0.97	0.39	0.71	0.9	0.45	0.83	-0.02	0.89	0.62	0.34		0.54	0.73
Short Term Debt	0.94	0.74	0.06	0.86	0.29	0.99	0.87	0.94	-0.54	0.32	0.37	0.99	-0.5	0.43	0.66	0.55	0.56	0.92	0.68	-0.16	0.66	0.99	0.75	0.54		0.58
Common Stock	0.76	0.53	0.37	0.68	0.69	0.6	0.66	0.51	-0.67	0.41	0.38	0.65	-0.15	0.6	0.48	1.0	0.88	0.61	0.92	0.25	0.94	0.66	0.63	0.73	0.58

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Tillys Account Relationship Matchups

Pair Trading with Tillys

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

Moving together with Tillys Stock

0.61

Macys Inc

Pair Corr

Moving against Tillys Stock

0.82	LE	Lands End	Pair Corr
0.54	BQ	Boqii Holding Limited	Pair Corr
0.5	JD	JD Inc Adr	Pair Corr
0.46	YJ	Yunji Inc Earnings Call This Week	Pair Corr
0.44	AN	AutoNation	Pair Corr

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

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

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

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