Planet Total Stockholder Equity vs Non Current Assets Total 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 Total Stockholder Equity and its Non Current Assets Total 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.
Total Stockholder Equity vs Non Current Assets Total
Total Stockholder Equity vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Planet Labs PBC Total Stockholder Equity account and Non Current Assets Total. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Planet Labs' Total Stockholder Equity and Non Current Assets Total is -0.11. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Non Current Assets Total 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' Total Stockholder Equity and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Planet Labs PBC are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Stockholder Equity i.e., Planet Labs' Total Stockholder Equity and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | -0.11 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.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
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.