Byke Property Plant Equipment vs Total Revenue Analysis

BYKE Stock   84.39  1.72  2.08%   
Byke Hospitality financial indicator trend analysis is way more than just evaluating Byke Hospitality prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Byke Hospitality is a good investment. Please check the relationship between Byke Hospitality Property Plant Equipment and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Byke Hospitality. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Property Plant Equipment vs Total Revenue

Property Plant Equipment vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Byke Hospitality Property Plant Equipment account and Total Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Byke Hospitality's Property Plant Equipment and Total Revenue is -0.26. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Revenue in the same time period over historical financial statements of The Byke Hospitality, assuming nothing else is changed. The correlation between historical values of Byke Hospitality's Property Plant Equipment and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of The Byke Hospitality are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Property Plant Equipment i.e., Byke Hospitality's Property Plant Equipment and Total Revenue go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Property Plant Equipment

Total Revenue

Total revenue comprises all receipts Byke Hospitality generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Byke Hospitality's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Byke Hospitality 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in The Byke Hospitality. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to drop to about 20.6 M in 2024. Tax Provision is likely to gain to about (18.4 M) in 2024
 2021 2022 2023 2024 (projected)
Gross Profit643.2M800.0M542.6M942.3M
Total Revenue932.9M1.1B838.6M1.2B

Byke Hospitality fundamental ratios Correlations

-0.40.720.970.970.730.580.98-0.050.40.90.650.680.960.250.010.850.860.880.770.01-0.430.90.590.760.23
-0.4-0.09-0.35-0.4-0.51-0.2-0.440.02-0.34-0.310.17-0.51-0.50.230.24-0.42-0.23-0.13-0.530.210.3-0.48-0.58-0.53-0.28
0.72-0.090.680.680.40.430.65-0.050.00.790.730.30.640.52-0.050.650.750.650.420.44-0.220.620.30.4-0.02
0.97-0.350.680.880.540.680.9-0.120.450.930.640.50.940.310.00.690.910.910.590.01-0.410.940.440.640.01
0.97-0.40.680.880.840.381.0-0.030.340.80.640.780.930.110.070.920.70.790.870.02-0.480.810.730.790.38
0.73-0.510.40.540.840.080.830.10.210.450.30.940.71-0.14-0.020.950.340.470.99-0.14-0.40.520.870.820.76
0.58-0.20.430.680.380.080.44-0.040.490.70.320.10.60.29-0.010.250.790.560.16-0.120.110.67-0.050.37-0.17
0.98-0.440.650.91.00.830.44-0.060.380.810.60.780.960.090.040.910.720.80.86-0.03-0.480.850.730.80.36
-0.050.02-0.05-0.12-0.030.1-0.04-0.060.35-0.22-0.010.24-0.220.170.220.110.0-0.020.11-0.05-0.02-0.16-0.210.460.25
0.4-0.340.00.450.340.210.490.380.350.310.180.440.41-0.030.250.210.370.390.3-0.23-0.070.480.110.490.15
0.9-0.310.790.930.80.450.70.81-0.220.310.660.420.890.39-0.120.640.910.840.50.06-0.340.920.430.52-0.08
0.650.170.730.640.640.30.320.6-0.010.180.660.290.560.420.510.530.640.690.320.55-0.140.410.120.250.02
0.68-0.510.30.50.780.940.10.780.240.440.420.290.65-0.140.050.880.320.450.96-0.21-0.380.510.810.840.76
0.96-0.50.640.940.930.710.60.96-0.220.410.890.560.650.06-0.020.80.780.790.75-0.08-0.410.910.660.690.21
0.250.230.520.310.11-0.140.290.090.17-0.030.390.42-0.140.06-0.140.090.570.49-0.120.480.050.25-0.290.01-0.31
0.010.24-0.050.00.07-0.02-0.010.040.220.25-0.120.510.05-0.02-0.140.02-0.07-0.05-0.020.490.05-0.26-0.24-0.030.08
0.85-0.420.650.690.920.950.250.910.110.210.640.530.880.80.090.020.560.630.960.02-0.380.640.780.830.62
0.86-0.230.750.910.70.340.790.720.00.370.910.640.320.780.57-0.070.560.880.390.1-0.220.850.160.53-0.11
0.88-0.130.650.910.790.470.560.8-0.020.390.840.690.450.790.49-0.050.630.880.510.03-0.260.810.310.540.05
0.77-0.530.420.590.870.990.160.860.110.30.50.320.960.75-0.12-0.020.960.390.51-0.16-0.390.580.860.850.74
0.010.210.440.010.02-0.14-0.12-0.03-0.05-0.230.060.55-0.21-0.080.480.490.020.10.03-0.160.06-0.19-0.25-0.26-0.21
-0.430.3-0.22-0.41-0.48-0.40.11-0.48-0.02-0.07-0.34-0.14-0.38-0.410.050.05-0.38-0.22-0.26-0.390.06-0.46-0.5-0.470.14
0.9-0.480.620.940.810.520.670.85-0.160.480.920.410.510.910.25-0.260.640.850.810.58-0.19-0.460.530.65-0.03
0.59-0.580.30.440.730.87-0.050.73-0.210.110.430.120.810.66-0.29-0.240.780.160.310.86-0.25-0.50.530.620.57
0.76-0.530.40.640.790.820.370.80.460.490.520.250.840.690.01-0.030.830.530.540.85-0.26-0.470.650.620.5
0.23-0.28-0.020.010.380.76-0.170.360.250.15-0.080.020.760.21-0.310.080.62-0.110.050.74-0.210.14-0.030.570.5
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Byke Hospitality Account Relationship Matchups

Byke Hospitality fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6B2.6B2.6B2.5B2.7B1.7B
Other Current Liab28.0M1.4M10.5M18.8M15.9M15.1M
Total Current Liabilities375.3M346.1M352.6M348.3M180.2M246.8M
Total Stockholder Equity1.9B1.7B1.6B1.6B2.0B1.2B
Property Plant And Equipment Net1.6B1.6B1.6B1.7B1.5B993.8M
Net Debt538.8M770.8M915.7M760.2M522.0M262.8M
Cash29.8M33.0M51.0M21.0M67.3M35.0M
Non Current Assets Total1.9B2.0B1.9B2.0B1.9B1.2B
Non Currrent Assets Other6K(3K)(1K)71.0M389.6M409.1M
Cash And Short Term Investments29.8M33.0M51.0M92.9M217.4M228.3M
Net Receivables269.6M248.7M252.2M207.8M200.8M200.3M
Liabilities And Stockholders Equity2.6B2.6B2.6B2.5B2.7B1.7B
Non Current Liabilities Total372.7M588.6M703.8M525.3M467.6M491.0M
Inventory164.5M157.6M168.3M167.3M166.1M98.8M
Other Current Assets232.4M240.7M268.2M113.5M184.4M225.3M
Total Liab748.0M934.7M1.1B873.6M647.8M462.4M
Total Current Assets696.2M679.9M739.7M509.5M768.7M516.8M
Accumulated Other Comprehensive Income(621.2M)(770.7M)(938.5M)18M61.9M65.0M
Short Long Term Debt Total568.6M803.8M966.7M781.2M589.3M382.9M
Accounts Payable42.4M37.8M36.0M34.9M34.5M34.9M
Current Deferred Revenue(260.5M)9.9M33.8M41.2M96K91.2K
Retained Earnings1.3B1.1B952.2M975.6M1.1B910.5M
Short Term Debt260.5M263.5M282.8M294.5M129.9M173.7M
Other Assets312.0M311.1M314.3M290.8M334.4M214.3M
Long Term Debt797K71.3M118.1M89.5M58.4M43.8M
Long Term Debt Total131K308.1M540.3M683.9M786.4M825.8M
Property Plant Equipment1.2B1.6B1.6B1.6B1.8B1.3B
Other Liab87.6M64.7M48.3M20.0M18.0M17.1M
Net Tangible Assets1.8B1.9B1.7B1.6B1.8B1.8B
Short Long Term Debt201.3M201.7M149.2M149.2M48.8M46.3M
Short Term Investments(912K)225.2M238.8M71.9M150.1M108.9M
Net Invested Capital2.1B2.0B1.8B1.8B2.1B1.6B
Net Working Capital321.0M333.8M387.1M161.2M588.5M312.8M
Intangible Assets24.8M18.8M12.5M6.3M5.6M5.3M

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