| 0KJD Stock | | | 99.80 0.93 0.92% |
Planet Fitness financial indicator trend analysis is much more than just breaking down Planet Fitness Cl prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Planet Fitness Cl is a good investment. Please check the relationship between Planet Fitness Capital Expenditures and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Planet Fitness Cl. 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.
Capital Expenditures vs Depreciation
Capital Expenditures vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Planet Fitness Cl Capital Expenditures account and
Depreciation. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Planet Fitness' Capital Expenditures and Depreciation is 0.85. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Planet Fitness Cl, assuming nothing else is changed. The correlation between historical values of Planet Fitness' Capital Expenditures and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Planet Fitness Cl are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., Planet Fitness' Capital Expenditures and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Capital Expenditures
Capital Expenditures are funds used by Planet Fitness Cl to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Planet Fitness operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Depreciation
Depreciation indicates how much of Planet Fitness Cl value has been used up. For tax purposes Planet Fitness can deduct the cost of the tangible assets it purchases as business expenses. However, Planet Fitness Cl must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
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 Cl 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 Planet Fitness Cl. 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.
Selling General Administrative is likely to drop to about 66.1
M in 2024.
Tax Provision is likely to drop to about 587.4
K in 2024
Planet Fitness fundamental ratios Correlations
Click cells to compare fundamentals
Planet Fitness Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Planet Fitness fundamental ratios Accounts
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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.