PLBY Stock | | | USD 1.38 0.09 6.98% |
Plby financial indicator trend analysis is much more than just breaking down Plby Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Plby Group is a good investment. Please check the relationship between Plby Change Receivables and its Depreciation accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plby Group. 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 labor statistics.
Change Receivables vs Depreciation
Change Receivables vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Plby Group Change Receivables account and
Depreciation. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Plby's Change Receivables and Depreciation is 0.85. Overlapping area represents the amount of variation of Change Receivables that can explain the historical movement of Depreciation in the same time period over historical financial statements of Plby Group, assuming nothing else is changed. The correlation between historical values of Plby's Change Receivables 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 Change Receivables of Plby Group 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 Change Receivables i.e., Plby's Change Receivables and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Change Receivables
The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.
Depreciation
Depreciation indicates how much of Plby Group value has been used up. For tax purposes Plby can deduct the cost of the tangible assets it purchases as business expenses. However, Plby Group 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 Plby's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Plby Group 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 Plby Group. 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 labor statistics.
At this time, Plby's
Issuance Of Capital Stock is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.91 in 2024, whereas
Selling General Administrative is likely to drop slightly above 63.1
M in 2024.
Plby fundamental ratios Correlations
Click cells to compare fundamentals
Plby Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Plby fundamental ratios Accounts
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Additional Tools for Plby Stock Analysis
When running Plby's price analysis, check to
measure Plby's 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 Plby is operating at the current time. Most of Plby's value examination focuses on studying past and present price action to
predict the probability of Plby's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plby's price. Additionally, you may evaluate how the addition of Plby to your portfolios can decrease your overall portfolio volatility.