PetMed Express EBITDA vs. Current Ratio
| PQM Stock | EUR 4.20 0.17 3.89% |
For PetMed Express profitability analysis, we use financial ratios and fundamental drivers that measure the ability of PetMed Express to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well PetMed Express utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between PetMed Express's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of PetMed Express over time as well as its relative position and ranking within its peers.
PetMed |
PetMed Express Current Ratio vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining PetMed Express's current stock value. Our valuation model uses many indicators to compare PetMed Express value to that of its competitors to determine the firm's financial worth. PetMed Express is regarded third in ebitda category among its peers. It is regarded second in current ratio category among its peers . The ratio of EBITDA to Current Ratio for PetMed Express is about 4,189,691 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the PetMed Express' earnings, one of the primary drivers of an investment's value.PetMed Current Ratio vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
PetMed Express |
| = | 28.45 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
PetMed Express |
| = | 6.79 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
PetMed Current Ratio Comparison
PetMed Express is currently under evaluation in current ratio category among its peers.
PetMed Express Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in PetMed Express, profitability is also one of the essential criteria for including it into their portfolios because, without profit, PetMed Express will eventually generate negative long term returns. The profitability progress is the general direction of PetMed Express' change in net profit over the period of time. It can combine multiple indicators of PetMed Express, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
PetMed Express, Inc. and its subsidiaries, doing business as 1-800-PetMeds, operates as a pet pharmacy in the United States. PetMed Express, Inc. was founded in 1996 and is headquartered in Delray Beach, Florida. PetMed Express is traded on Frankfurt Stock Exchange in Germany.
PetMed Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on PetMed Express. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of PetMed Express position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the PetMed Express' important profitability drivers and their relationship over time.
Use PetMed Express in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PetMed Express position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PetMed Express will appreciate offsetting losses from the drop in the long position's value.PetMed Express Pair Trading
PetMed Express Pair Trading Analysis
The ability to find closely correlated positions to PetMed Express could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PetMed Express when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PetMed Express - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PetMed Express to buy it.
The correlation of PetMed Express is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PetMed Express moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PetMed Express moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PetMed Express can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your PetMed Express position
In addition to having PetMed Express in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Information and Resources on Investing in PetMed Stock
When determining whether PetMed Express is a strong investment it is important to analyze PetMed Express' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PetMed Express' future performance. For an informed investment choice regarding PetMed Stock, refer to the following important reports:Check out Your Equity Center. For more detail on how to invest in PetMed Stock please use our How to Invest in PetMed Express guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
To fully project PetMed Express' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of PetMed Express at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include PetMed Express' income statement, its balance sheet, and the statement of cash flows.