PetMed Net Invested Capital vs Good Will Analysis

PETS Stock

USD 4.76 0.02 0.42%

PetMed Express financial indicator trend analysis is much more than just breaking down PetMed Express prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PetMed Express is a good investment. Please check the relationship between PetMed Express Net Invested Capital and its Good Will accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PetMed Express. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Net Invested Capital vs Good Will

Net Invested Capital vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PetMed Express Net Invested Capital account and Good Will. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between PetMed Express' Net Invested Capital and Good Will is -0.67. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Good Will in the same time period over historical financial statements of PetMed Express, assuming nothing else is changed. The correlation between historical values of PetMed Express' Net Invested Capital and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of PetMed Express are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Invested Capital i.e., PetMed Express' Net Invested Capital and Good Will go up and down completely randomly.

Correlation Coefficient

-0.67

Relationship Direction	Negative
Relationship Strength	Weak

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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.

Most indicators from PetMed Express' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PetMed Express 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 PetMed Express. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy PetMed Stock please use our How to Invest in PetMed Express guide.Selling General Administrative is likely to gain to about 58 M in 2024, whereas Tax Provision is likely to drop slightly above 1.1 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	78.1M	71.0M	78.6M	72.2M
Total Revenue	273.4M	256.9M	281.1M	214.1M

Gross Profit Total Revenue

PetMed Express fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	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	Preferred Stock Total Equity
Total Assets		-0.54	0.6	0.55	0.95	0.73	-0.91	0.89	0.74	0.92	0.46	-0.53	0.91	0.76	0.67	0.59	-0.15	0.42	0.57	0.4	0.55	0.6	0.94	-0.12	0.67	-0.02
Short Long Term Debt Total	-0.54		-0.48	-0.52	-0.59	-0.42	0.4	-0.59	-0.51	-0.36	-0.51	0.0	-0.43	-0.58	-0.95	-0.97	0.09	-0.66	-0.5	-0.45	-0.5	-0.5	-0.54	0.67	-0.95	0.44
Other Current Liab	0.6	-0.48		0.69	0.48	0.53	-0.53	0.38	0.69	0.51	0.6	0.13	0.51	0.34	0.5	0.42	0.11	0.09	0.72	0.55	0.71	0.58	0.51	-0.44	0.5	-0.4
Total Current Liabilities	0.55	-0.52	0.69		0.36	0.63	-0.41	0.25	0.94	0.37	0.92	0.02	0.34	0.46	0.49	0.37	-0.15	0.18	0.89	0.73	1.0	0.86	0.37	-0.76	0.5	-0.81
Total Stockholder Equity	0.95	-0.59	0.48	0.36		0.68	-0.95	0.98	0.59	0.95	0.3	-0.63	0.96	0.72	0.68	0.67	-0.12	0.44	0.41	0.29	0.36	0.48	0.97	-0.08	0.67	0.1
Property Plant And Equipment Net	0.73	-0.42	0.53	0.63	0.68		-0.72	0.6	0.73	0.71	0.75	-0.27	0.62	0.56	0.48	0.39	-0.03	-0.03	0.45	0.7	0.64	0.91	0.56	-0.38	0.48	-0.33
Net Debt	-0.91	0.4	-0.53	-0.41	-0.95	-0.72		-0.92	-0.66	-1.0	-0.32	0.67	-0.99	-0.62	-0.47	-0.46	0.08	-0.2	-0.44	-0.3	-0.42	-0.51	-0.94	0.07	-0.47	-0.07
Retained Earnings	0.89	-0.59	0.38	0.25	0.98	0.6	-0.92		0.5	0.92	0.18	-0.67	0.95	0.69	0.65	0.68	-0.14	0.47	0.33	0.16	0.25	0.37	0.96	-0.05	0.65	0.17
Accounts Payable	0.74	-0.51	0.69	0.94	0.59	0.73	-0.66	0.5		0.63	0.81	-0.25	0.6	0.54	0.5	0.4	-0.19	0.26	0.87	0.62	0.94	0.83	0.62	-0.6	0.51	-0.6
Cash	0.92	-0.36	0.51	0.37	0.95	0.71	-1.0	0.92	0.63		0.29	-0.69	0.99	0.62	0.44	0.43	-0.08	0.19	0.42	0.27	0.38	0.48	0.94	-0.01	0.44	0.12
Non Current Assets Total	0.46	-0.51	0.6	0.92	0.3	0.75	-0.32	0.18	0.81	0.29		0.13	0.22	0.47	0.5	0.36	-0.07	0.02	0.71	0.86	0.92	0.96	0.23	-0.77	0.5	-0.83
Non Currrent Assets Other	-0.53	0.0	0.13	0.02	-0.63	-0.27	0.67	-0.67	-0.25	-0.69	0.13		-0.69	-0.45	-0.03	-0.08	0.27	-0.15	-0.11	0.17	0.02	-0.05	-0.65	-0.24	-0.03	-0.33
Cash And Short Term Investments	0.91	-0.43	0.51	0.34	0.96	0.62	-0.99	0.95	0.6	0.99	0.22	-0.69		0.63	0.5	0.5	-0.1	0.29	0.41	0.2	0.35	0.4	0.97	-0.02	0.5	0.14
Net Receivables	0.76	-0.58	0.34	0.46	0.72	0.56	-0.62	0.69	0.54	0.62	0.47	-0.45	0.63		0.66	0.59	-0.19	0.33	0.4	0.25	0.45	0.54	0.66	-0.22	0.66	-0.16
Common Stock Total Equity	0.67	-0.95	0.5	0.49	0.68	0.48	-0.47	0.65	0.5	0.44	0.5	-0.03	0.5	0.66		0.97	-0.12	0.69	0.47	0.47	0.48	0.52	0.62	-0.49	1.0	-0.3
Common Stock Shares Outstanding	0.59	-0.97	0.42	0.37	0.67	0.39	-0.46	0.68	0.4	0.43	0.36	-0.08	0.5	0.59	0.97		-0.09	0.71	0.39	0.34	0.35	0.39	0.62	-0.48	0.97	-0.23
Non Current Liabilities Total	-0.15	0.09	0.11	-0.15	-0.12	-0.03	0.08	-0.14	-0.19	-0.08	-0.07	0.27	-0.1	-0.19	-0.12	-0.09		-0.27	-0.09	0.02	-0.14	-0.07	-0.15	0.07	-0.12	0.08
Inventory	0.42	-0.66	0.09	0.18	0.44	-0.03	-0.2	0.47	0.26	0.19	0.02	-0.15	0.29	0.33	0.69	0.71	-0.27		0.35	-0.04	0.16	0.0	0.49	-0.16	0.69	0.0
Other Current Assets	0.57	-0.5	0.72	0.89	0.41	0.45	-0.44	0.33	0.87	0.42	0.71	-0.11	0.41	0.4	0.47	0.39	-0.09	0.35		0.52	0.89	0.64	0.48	-0.63	0.47	-0.64
Other Stockholder Equity	0.4	-0.45	0.55	0.73	0.29	0.7	-0.3	0.16	0.62	0.27	0.86	0.17	0.2	0.25	0.47	0.34	0.02	-0.04	0.52		0.74	0.84	0.19	-0.64	0.47	-0.68
Total Liab	0.55	-0.5	0.71	1.0	0.36	0.64	-0.42	0.25	0.94	0.38	0.92	0.02	0.35	0.45	0.48	0.35	-0.14	0.16	0.89	0.74		0.86	0.38	-0.75	0.48	-0.8
Property Plant And Equipment Gross	0.6	-0.5	0.58	0.86	0.48	0.91	-0.51	0.37	0.83	0.48	0.96	-0.05	0.4	0.54	0.52	0.39	-0.07	0.0	0.64	0.84	0.86		0.38	-0.65	0.52	-0.68
Total Current Assets	0.94	-0.54	0.51	0.37	0.97	0.56	-0.94	0.96	0.62	0.94	0.23	-0.65	0.97	0.66	0.62	0.62	-0.15	0.49	0.48	0.19	0.38	0.38		-0.06	0.62	0.12
Short Term Debt	-0.12	0.67	-0.44	-0.76	-0.08	-0.38	0.07	-0.05	-0.6	-0.01	-0.77	-0.24	-0.02	-0.22	-0.49	-0.48	0.07	-0.16	-0.63	-0.64	-0.75	-0.65	-0.06		-0.49	0.94
Common Stock	0.67	-0.95	0.5	0.5	0.67	0.48	-0.47	0.65	0.51	0.44	0.5	-0.03	0.5	0.66	1.0	0.97	-0.12	0.69	0.47	0.47	0.48	0.52	0.62	-0.49		-0.3
Preferred Stock Total Equity	-0.02	0.44	-0.4	-0.81	0.1	-0.33	-0.07	0.17	-0.6	0.12	-0.83	-0.33	0.14	-0.16	-0.3	-0.23	0.08	0.0	-0.64	-0.68	-0.8	-0.68	0.12	0.94	-0.3

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PetMed Express Account Relationship Matchups

PetMed Express fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	155.3M	187.5M	176.3M	164.1M	169.9M	97.3M
Other Current Liab	4.7M	4.4M	4.5M	11.3M	6.5M	6.8M
Total Current Liabilities	24.3M	44.9M	33.2M	36.5M	72.2M	75.8M
Total Stockholder Equity	130.0M	141.3M	142.2M	123.8M	96.7M	80.4M
Property Plant And Equipment Net	25.4M	25.5M	24.5M	26.2M	28.1M	29.5M
Net Debt	(103.8M)	(118.7M)	(111.1M)	(104.1M)	(53.8M)	(56.5M)
Retained Earnings	126.2M	134.1M	130.5M	105.5M	71.6M	72.0M
Accounts Payable	19.7M	39.5M	27.5M	25.2M	37.0M	38.9M
Cash	103.8M	118.7M	111.1M	104.1M	55.3M	47.6M
Non Current Assets Total	26.3M	26.3M	25.3M	32.7M	76.2M	80.0M
Non Currrent Assets Other	(26.3M)	(26.3M)	(25.3M)	5.9M	5.3M	5.5M
Cash And Short Term Investments	103.8M	118.7M	111.1M	104.1M	55.3M	52.5M
Net Receivables	3.8M	2.6M	1.9M	1.7M	3.3M	1.9M
Common Stock Shares Outstanding	20.1M	20.1M	20.4M	20.3M	20.4M	22.4M
Liabilities And Stockholders Equity	155.3M	187.5M	176.3M	164.1M	169.9M	97.3M
Non Current Liabilities Total	970K	1.3M	936K	3.8M	995K	1.6M
Inventory	17.9M	34.4M	32.5M	19.0M	28.6M	22.1M
Other Current Assets	3.5M	5.5M	5.5M	4.7M	6.5M	6.8M
Other Stockholder Equity	3.8M	7.1M	11.7M	18.3M	25.1M	26.4M
Total Liab	25.3M	46.2M	34.1M	40.3M	73.2M	76.8M
Property Plant And Equipment Gross	25.4M	25.5M	24.5M	26.2M	48.2M	50.6M
Total Current Assets	129.0M	161.2M	151.0M	131.5M	93.6M	79.0M
Property Plant Equipment	25.4M	25.5M	24.5M	26.2M	30.1M	31.6M
Net Tangible Assets	130.0M	141.3M	141.3M	123.8M	142.4M	114.5M
Retained Earnings Total Equity	126.2M	134.1M	130.5M	105.5M	121.3M	107.8M
Capital Surpluse	3.8M	7.1M	11.7M	18.3M	21.0M	22.1M
Other Liab	1.1M	970K	1.3M	936K	842.4K	852.3K
Net Invested Capital	130.0M	141.3M	142.2M	123.8M	96.7M	101.1M
Net Working Capital	104.7M	116.3M	117.8M	95.0M	21.5M	20.4M

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