Planet Good Will vs Cash And Short Term Investments Analysis

0KJD Stock

100.73 0.20 0.20%

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 Good Will and its Cash And Short Term Investments 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.

Good Will vs Cash And Short Term Investments

Good Will vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Planet Fitness Cl Good Will account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Planet Fitness' Good Will and Cash And Short Term Investments is 0.46. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash And Short Term Investments 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' Good Will and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Planet Fitness Cl are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Good Will i.e., Planet Fitness' Good Will and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.46

Relationship Direction	Positive
Relationship Strength	Weak

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Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Planet Fitness Cl balance sheet. This account contains Planet Fitness investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Planet Fitness Cl fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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

	2021	2022	2023	2024 (projected)
Gross Profit	315.9M	474.0M	557.6M	281.5M
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	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.97	0.12	0.98	-0.62	0.88	0.86	0.98	-0.43	0.8	0.98	-0.62	0.83	0.84	0.81	0.78	0.84	0.96	0.27	0.87	0.85	0.96	0.87	0.89	0.3	-0.66
Short Long Term Debt Total	0.97		0.0	0.92	-0.78	0.83	0.8	0.99	-0.47	0.9	0.92	-0.73	0.87	0.93	0.8	0.67	0.88	0.99	0.12	0.93	0.8	0.99	0.95	0.87	0.11	-0.73
Other Current Liab	0.12	0.0		0.3	0.27	0.23	0.29	0.02	0.28	-0.11	0.18	0.09	-0.06	-0.09	0.23	0.35	0.02	-0.02	0.5	-0.26	0.27	0.0	-0.08	0.02	0.41	-0.02
Total Current Liabilities	0.98	0.92	0.3		-0.54	0.86	0.86	0.94	-0.32	0.75	0.97	-0.57	0.79	0.79	0.84	0.79	0.83	0.91	0.38	0.77	0.85	0.92	0.82	0.85	0.36	-0.64
Total Stockholder Equity	-0.62	-0.78	0.27	-0.54		-0.4	-0.37	-0.72	0.24	-0.88	-0.49	0.77	-0.85	-0.87	-0.67	-0.15	-0.81	-0.82	0.24	-0.79	-0.45	-0.8	-0.87	-0.51	0.51	0.79
Property Plant And Equipment Net	0.88	0.83	0.23	0.86	-0.4		0.99	0.85	-0.61	0.64	0.88	-0.51	0.63	0.68	0.65	0.96	0.67	0.8	0.3	0.73	0.93	0.81	0.71	0.79	0.44	-0.53
Current Deferred Revenue	0.86	0.8	0.29	0.86	-0.37	0.99		0.83	-0.53	0.58	0.88	-0.49	0.64	0.63	0.7	0.97	0.68	0.78	0.4	0.66	0.96	0.79	0.66	0.73	0.46	-0.57
Net Debt	0.98	0.99	0.02	0.94	-0.72	0.85	0.83		-0.48	0.85	0.95	-0.7	0.86	0.88	0.81	0.72	0.85	0.99	0.18	0.9	0.84	0.99	0.91	0.87	0.19	-0.73
Accounts Payable	-0.43	-0.47	0.28	-0.32	0.24	-0.61	-0.53	-0.48		-0.38	-0.42	0.38	-0.16	-0.39	-0.12	-0.55	-0.22	-0.42	0.09	-0.55	-0.45	-0.41	-0.4	-0.52	-0.35	0.16
Cash	0.8	0.9	-0.11	0.75	-0.88	0.64	0.58	0.85	-0.38		0.68	-0.74	0.8	0.99	0.69	0.41	0.87	0.9	-0.12	0.93	0.56	0.9	0.99	0.78	-0.19	-0.63
Non Current Assets Total	0.98	0.92	0.18	0.97	-0.49	0.88	0.88	0.95	-0.42	0.68		-0.54	0.77	0.73	0.78	0.83	0.76	0.9	0.37	0.78	0.87	0.91	0.76	0.85	0.44	-0.61
Non Currrent Assets Other	-0.62	-0.73	0.09	-0.57	0.77	-0.51	-0.49	-0.7	0.38	-0.74	-0.54		-0.67	-0.74	-0.54	-0.35	-0.65	-0.74	-0.16	-0.75	-0.56	-0.73	-0.75	-0.54	0.19	0.72
Other Assets	0.83	0.87	-0.06	0.79	-0.85	0.63	0.64	0.86	-0.16	0.8	0.77	-0.67		0.82	0.89	0.47	0.91	0.92	0.03	0.77	0.72	0.92	0.84	0.64	-0.2	-0.86
Cash And Short Term Investments	0.84	0.93	-0.09	0.79	-0.87	0.68	0.63	0.88	-0.39	0.99	0.73	-0.74	0.82		0.7	0.46	0.89	0.93	-0.08	0.95	0.6	0.93	1.0	0.82	-0.14	-0.64
Net Receivables	0.81	0.8	0.23	0.84	-0.67	0.65	0.7	0.81	-0.12	0.69	0.78	-0.54	0.89	0.7		0.58	0.91	0.84	0.34	0.61	0.78	0.84	0.74	0.57	0.05	-0.82
Good Will	0.78	0.67	0.35	0.79	-0.15	0.96	0.97	0.72	-0.55	0.41	0.83	-0.35	0.47	0.46	0.58		0.52	0.64	0.49	0.54	0.92	0.65	0.5	0.66	0.64	-0.42
Common Stock Shares Outstanding	0.84	0.88	0.02	0.83	-0.81	0.67	0.68	0.85	-0.22	0.87	0.76	-0.65	0.91	0.89	0.91	0.52		0.91	0.14	0.79	0.7	0.91	0.9	0.72	-0.13	-0.76
Non Current Liabilities Total	0.96	0.99	-0.02	0.91	-0.82	0.8	0.78	0.99	-0.42	0.9	0.9	-0.74	0.92	0.93	0.84	0.64	0.91		0.11	0.92	0.8	1.0	0.95	0.83	0.04	-0.78
Inventory	0.27	0.12	0.5	0.38	0.24	0.3	0.4	0.18	0.09	-0.12	0.37	-0.16	0.03	-0.08	0.34	0.49	0.14	0.11		-0.03	0.45	0.12	-0.04	0.06	0.61	-0.21
Other Current Assets	0.87	0.93	-0.26	0.77	-0.79	0.73	0.66	0.9	-0.55	0.93	0.78	-0.75	0.77	0.95	0.61	0.54	0.79	0.92	-0.03		0.64	0.92	0.95	0.85	0.01	-0.59
Other Stockholder Equity	0.85	0.8	0.27	0.85	-0.45	0.93	0.96	0.84	-0.45	0.56	0.87	-0.56	0.72	0.6	0.78	0.92	0.7	0.8	0.45	0.64		0.81	0.64	0.62	0.36	-0.74
Total Liab	0.96	0.99	0.0	0.92	-0.8	0.81	0.79	0.99	-0.41	0.9	0.91	-0.73	0.92	0.93	0.84	0.65	0.91	1.0	0.12	0.92	0.81		0.95	0.84	0.06	-0.77
Total Current Assets	0.87	0.95	-0.08	0.82	-0.87	0.71	0.66	0.91	-0.4	0.99	0.76	-0.75	0.84	1.0	0.74	0.5	0.9	0.95	-0.04	0.95	0.64	0.95		0.83	-0.11	-0.67
Short Term Debt	0.89	0.87	0.02	0.85	-0.51	0.79	0.73	0.87	-0.52	0.78	0.85	-0.54	0.64	0.82	0.57	0.66	0.72	0.83	0.06	0.85	0.62	0.84	0.83		0.31	-0.32
Intangible Assets	0.3	0.11	0.41	0.36	0.51	0.44	0.46	0.19	-0.35	-0.19	0.44	0.19	-0.2	-0.14	0.05	0.64	-0.13	0.04	0.61	0.01	0.36	0.06	-0.11	0.31		0.23
Common Stock	-0.66	-0.73	-0.02	-0.64	0.79	-0.53	-0.57	-0.73	0.16	-0.63	-0.61	0.72	-0.86	-0.64	-0.82	-0.42	-0.76	-0.78	-0.21	-0.59	-0.74	-0.77	-0.67	-0.32	0.23

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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	52.6M	(439.9M)	82.6M	117.5M	105.9M	111.2M
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)
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	275.8M	265.6M
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	4.2M
Other Assets	414.2M	513.1M	541.3M	458.4M	527.2M	364.4M
Cash And Short Term Investments	436.3M	439.5M	545.9M	409.8M	350.7M	273.1M
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	73.7M	60.1M	41.7M
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
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
Retained Earnings	(736.6M)	(751.6M)	(708.8M)	(703.7M)	(691.5M)	(726.0M)
Long Term Debt	696.6M	1.2B	1.7B	1.8B	2.0B	1.3B
Capital Surpluse	12.1M	19.7M	29.8M	45.7M	52.5M	31.2M
Property Plant Equipment	301.1M	324.9M	364.0M	695.8M	800.1M	840.1M
Other Liab	438.7M	523.9M	544.0M	501.3M	576.5M	526.8M
Net Tangible Assets	(1.2B)	(1.2B)	(1.1B)	(1.3B)	(1.2B)	(1.2B)

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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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Planet Good Will vs Cash And Short Term Investments Analysis

Good Will vs Cash And Short Term Investments

Good Will vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Good Will

Cash And Short Term Investments

Planet Fitness fundamental ratios Correlations

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

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Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Liab	+ 1.0	Non Current Liabilities Total
Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Current Deferred Revenue	+ 0.99	Property Plant And Equipment Net

Cash	- 0.88	Total Stockholder Equity
Total Current Assets	- 0.87	Total Stockholder Equity
Cash And Short Term Investments	- 0.87	Total Stockholder Equity
Common Stock	- 0.86	Other Assets
Other Assets	- 0.85	Total Stockholder Equity
Common Stock	- 0.82	Net Receivables