Planet Other Assets vs Cash Analysis
| PL Stock | USD 3.51 0.19 5.72% |
Planet Labs financial indicator trend analysis is much more than just breaking down Planet Labs PBC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Planet Labs PBC is a good investment. Please check the relationship between Planet Labs Other Assets and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Planet Labs PBC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Other Assets vs Cash
Other Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Planet Labs PBC Other Assets account and Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Planet Labs' Other Assets and Cash is 0.31. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Planet Labs PBC, assuming nothing else is changed. The correlation between historical values of Planet Labs' Other Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Planet Labs PBC are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Assets i.e., Planet Labs' Other Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.31 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Other Assets
Cash
Cash refers to the most liquid asset of Planet Labs PBC, which is listed under current asset account on Planet Labs PBC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Planet Labs customers. The amounts must be unrestricted with restricted cash listed in a different Planet Labs account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Planet Labs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Planet Labs PBC 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 Planet Labs PBC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. At this time, Planet Labs' Tax Provision is quite stable compared to the past year. Issuance Of Capital Stock is expected to rise to about 643.8 M this year, although the value of Sales General And Administrative To Revenue will most likely fall to 0.29.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 45.1M | 43.3M | 47.6M | 44.3M | Interest Income | 3.0M | 7.7M | 15.4M | 11.6M |
Planet Labs fundamental ratios Correlations
Click cells to compare fundamentals
Planet Labs Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Is Industrial Machinery & Supplies & Components space 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 Planet Labs. If investors know Planet 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 Planet Labs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.47) | Revenue Per Share 0.82 | Quarterly Revenue Growth 0.136 | Return On Assets (0.13) | Return On Equity (0.27) |
The market value of Planet Labs PBC is measured differently than its book value, which is the value of Planet that is recorded on the company's balance sheet. Investors also form their own opinion of Planet Labs' value that differs from its market value or its book value, called intrinsic value, which is Planet Labs' 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 Planet Labs' market value can be influenced by many factors that don't directly affect Planet Labs' 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 Planet Labs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Planet Labs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Planet Labs' 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.