Parkit Common Stock vs Inventory Analysis
PKT Stock | CAD 0.62 0.02 3.33% |
Parkit Enterprise financial indicator trend analysis is much more than just breaking down Parkit Enterprise prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parkit Enterprise is a good investment. Please check the relationship between Parkit Enterprise Common Stock and its Inventory accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parkit Enterprise. 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.
Common Stock vs Inventory
Common Stock vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Parkit Enterprise Common Stock account and Inventory. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Parkit Enterprise's Common Stock and Inventory is 0.13. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Inventory in the same time period over historical financial statements of Parkit Enterprise, assuming nothing else is changed. The correlation between historical values of Parkit Enterprise's Common Stock and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Parkit Enterprise are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Common Stock i.e., Parkit Enterprise's Common Stock and Inventory go up and down completely randomly.
Correlation Coefficient | 0.13 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Common Stock
Inventory
Most indicators from Parkit Enterprise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parkit Enterprise 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 Parkit Enterprise. 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. At this time, Parkit Enterprise's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 291.85 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 750.5K | 2.1M | 7.5M | 7.8M | Depreciation And Amortization | 2.0M | 4.6M | 5.3M | 5.5M |
Parkit Enterprise fundamental ratios Correlations
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Parkit Enterprise Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Parkit Enterprise fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 20.7M | 60.3M | 177.6M | 239.6M | 324.5M | 340.8M | |
Other Current Liab | 16.6K | 184.2K | 4.3K | 73.6K | 66.3K | 63.0K | |
Total Current Liabilities | 75.0K | 728.2K | 2.2M | 4.0M | 4.9M | 3.6M | |
Total Stockholder Equity | 20.6M | 33.7M | 158.3M | 158.2M | 149.2M | 156.6M | |
Net Debt | (768.4K) | 16.2M | (4.7M) | 56.9M | 157.9M | 165.8M | |
Retained Earnings | (2.9M) | (9.8M) | (13.7M) | (19.1M) | (24.0M) | (22.8M) | |
Cash | 768.4K | 9.1M | 21.8M | 19.5M | 10.6M | 11.1M | |
Non Current Assets Total | 19.7M | 50.8M | 154.6M | 214.9M | 309.5M | 325.0M | |
Cash And Short Term Investments | 768.4K | 9.1M | 21.8M | 19.5M | 22.4M | 23.5M | |
Net Receivables | 189.7K | 297.2K | 1.1M | 924.9K | 28.8K | 27.4K | |
Common Stock Shares Outstanding | 34.5M | 34.9M | 215.6M | 237.3M | 227.9M | 239.3M | |
Liabilities And Stockholders Equity | 20.7M | 60.3M | 177.6M | 239.6M | 275.6M | 289.4M | |
Other Current Assets | 52.0K | 133.7K | 140.1K | 3M | 3.5M | 3.6M | |
Other Stockholder Equity | 27.1K | 34.7K | 3.2M | 4.4M | 3.9M | 3.7M | |
Total Liab | 75.0K | 26.7M | 19.3M | 81.5M | 175.3M | 184.1M | |
Total Current Assets | 972.3K | 9.5M | 23.0M | 24.7M | 15.0M | 15.8M | |
Non Current Liabilities Total | 58.4K | 25.9M | 17.1M | 77.5M | 170.4M | 178.9M | |
Accumulated Other Comprehensive Income | 467.0K | 472.4K | 27.1K | 34.7K | 31.2K | 29.7K | |
Net Tangible Assets | 20.6M | 15.3M | 158.3M | 158.2M | 181.9M | 191.0M | |
Accounts Payable | 58.4K | 297.4K | 1.6M | 3.7M | 3.0M | 3.1M | |
Common Stock | 23.5M | 43.4M | 168.9M | 172.9M | 198.8M | 208.8M | |
Other Assets | 1.3M | 1.3M | 14.4M | 1.8M | 2.1M | 3.2M | |
Long Term Investments | 18.5M | 13.4M | 13.2M | 11.8M | 10.2M | 14.7M | |
Non Currrent Assets Other | 1.3M | 37.5M | 141.4M | 203.2M | 233.6M | 245.3M | |
Net Invested Capital | 20.6M | 15.3M | 175.5M | 234.5M | 317.6M | 333.5M | |
Net Working Capital | 897.3K | 609.3K | 20.8M | 20.7M | 10.1M | 8.7M |
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When running Parkit Enterprise's price analysis, check to measure Parkit Enterprise'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 Parkit Enterprise is operating at the current time. Most of Parkit Enterprise's value examination focuses on studying past and present price action to predict the probability of Parkit Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parkit Enterprise's price. Additionally, you may evaluate how the addition of Parkit Enterprise to your portfolios can decrease your overall portfolio volatility.