Pinnacle Net Receivables vs Total Current Assets Analysis

PNI Stock   22.60  0.30  1.31%   
Pinnacle Investment financial indicator trend analysis is much more than just breaking down Pinnacle Investment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pinnacle Investment is a good investment. Please check the relationship between Pinnacle Investment Net Receivables and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pinnacle Investment Management. 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.

Net Receivables vs Total Current Assets

Net Receivables vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pinnacle Investment Net Receivables account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Pinnacle Investment's Net Receivables and Total Current Assets is 0.95. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Pinnacle Investment Management, assuming nothing else is changed. The correlation between historical values of Pinnacle Investment's Net Receivables and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Pinnacle Investment Management are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Receivables i.e., Pinnacle Investment's Net Receivables and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Receivables

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Pinnacle Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pinnacle Investment 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 Pinnacle Investment Management. 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 3.8 M in 2024. Discontinued Operations is likely to drop to about (178.7 K) in 2024
 2023 2024 (projected)
Depreciation And Amortization1.4M1.3M
Minority Interest143.1K135.9K

Pinnacle Investment fundamental ratios Correlations

0.970.980.990.861.00.970.420.521.00.97-0.830.840.48-0.70.990.980.890.971.00.970.540.970.27-0.72-0.02
0.970.990.950.90.980.990.360.640.980.99-0.810.720.64-0.610.990.990.790.990.960.990.370.990.1-0.7-0.21
0.980.990.950.930.981.00.350.670.981.0-0.810.710.66-0.611.01.00.781.00.961.00.351.00.1-0.78-0.22
0.990.950.950.820.990.950.450.470.990.95-0.780.880.41-0.740.970.950.930.950.990.940.610.950.35-0.680.06
0.860.90.930.820.880.930.210.80.880.93-0.730.530.74-0.370.910.920.60.930.850.930.120.93-0.01-0.9-0.41
1.00.980.980.990.880.970.410.530.990.97-0.840.830.5-0.680.990.980.870.971.00.970.510.970.24-0.73-0.06
0.970.991.00.950.930.970.330.680.981.0-0.810.690.68-0.60.991.00.771.00.951.00.331.00.07-0.78-0.25
0.420.360.350.450.210.410.330.070.440.33-0.240.440.0-0.40.40.330.550.330.450.320.510.330.18-0.160.47
0.520.640.670.470.80.530.680.070.570.68-0.420.070.850.00.630.650.170.680.480.69-0.290.68-0.3-0.7-0.62
1.00.980.980.990.880.990.980.440.570.98-0.810.810.53-0.671.00.980.860.980.990.980.490.980.22-0.73-0.06
0.970.991.00.950.930.971.00.330.680.98-0.810.690.68-0.60.991.00.771.00.951.00.331.00.07-0.77-0.25
-0.83-0.81-0.81-0.78-0.73-0.84-0.81-0.24-0.42-0.81-0.81-0.67-0.460.54-0.82-0.81-0.6-0.81-0.85-0.81-0.39-0.81-0.040.620.14
0.840.720.710.880.530.830.690.440.070.810.69-0.67-0.06-0.770.770.710.950.70.870.690.870.690.67-0.440.46
0.480.640.660.410.740.50.680.00.850.530.68-0.46-0.06-0.050.590.660.090.670.440.68-0.440.68-0.6-0.6-0.82
-0.7-0.61-0.61-0.74-0.37-0.68-0.6-0.40.0-0.67-0.60.54-0.77-0.05-0.63-0.61-0.8-0.6-0.71-0.6-0.75-0.6-0.370.29-0.3
0.990.991.00.970.910.990.990.40.631.00.99-0.820.770.59-0.630.990.830.990.980.990.420.990.17-0.77-0.14
0.980.991.00.950.920.981.00.330.650.981.0-0.810.710.66-0.610.990.781.00.961.00.351.00.09-0.77-0.23
0.890.790.780.930.60.870.770.550.170.860.77-0.60.950.09-0.80.830.780.770.90.760.820.770.6-0.490.36
0.970.991.00.950.930.971.00.330.680.981.0-0.810.70.67-0.60.991.00.770.951.00.341.00.08-0.77-0.24
1.00.960.960.990.851.00.950.450.480.990.95-0.850.870.44-0.710.980.960.90.950.950.570.950.29-0.720.02
0.970.991.00.940.930.971.00.320.690.981.0-0.810.690.68-0.60.991.00.761.00.950.321.00.07-0.78-0.25
0.540.370.350.610.120.510.330.51-0.290.490.33-0.390.87-0.44-0.750.420.350.820.340.570.320.330.81-0.090.76
0.970.991.00.950.930.971.00.330.680.981.0-0.810.690.68-0.60.991.00.771.00.951.00.330.07-0.77-0.25
0.270.10.10.35-0.010.240.070.18-0.30.220.07-0.040.67-0.6-0.370.170.090.60.080.290.070.810.07-0.050.75
-0.72-0.7-0.78-0.68-0.9-0.73-0.78-0.16-0.7-0.73-0.770.62-0.44-0.60.29-0.77-0.77-0.49-0.77-0.72-0.78-0.09-0.77-0.050.31
-0.02-0.21-0.220.06-0.41-0.06-0.250.47-0.62-0.06-0.250.140.46-0.82-0.3-0.14-0.230.36-0.240.02-0.250.76-0.250.750.31
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Pinnacle Investment Account Relationship Matchups

Pinnacle Investment fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets240.6M366.2M536.8M552.6M583.0M653.8M
Other Current Liab12.2M16.7M10.6M8.2M16.1M13.9M
Total Current Liabilities17.8M20.6M14.0M29.7M19.2M18.3M
Total Stockholder Equity188.5M243.9M402.2M422.6M455.9M338.5M
Other Liab91K74K156K237K213.3K202.6K
Retained Earnings(1.1M)28.1M37.2M47.4M65.1M87.9M
Accounts Payable4.0M2.5M2.1M1.0M1.2M1.2M
Cash16.1M96.1M38.3M27.6M32.6M23.3M
Other Assets6.3M2.6M2.7M5.6M(152.3M)(144.6M)
Net Receivables7.6M6.9M7.3M6.3M6.3M6.0M
Short Term Investments32.9M57.1M134.8M155.9M152.3M159.9M
Inventory(32.9M)(57.1M)(134.8M)(155.9M)(152.3M)(144.6M)
Other Stockholder Equity(31.1M)(34.4M)(39.5M)(45.4M)(50.2M)(47.7M)
Total Liab52.0M122.3M134.6M130.1M127.1M120.7M
Long Term Investments194.8M244.0M328.3M332.1M493.8M259.1M
Total Current Assets67.4M173.4M202.2M212.8M221.8M301.2M
Common Stock268.8M300.7M451.5M463.9M430.7M452.3M
Property Plant Equipment4.0M3.1M1.7M412K370.8K352.3K
Intangible Assets1.0M167K1.9M1.8M1.7M950.7K
Property Plant And Equipment Net4.0M3.1M1.7M412K9.2M9.7M
Net Debt17.8M6.8M83.4M92.9M76.9M52.1M
Non Current Assets Total166.9M190.2M331.9M334.3M361.2M379.2M
Cash And Short Term Investments16.1M96.1M38.3M27.6M184.8M194.1M
Common Stock Shares Outstanding180.1M183.5M193.2M196.1M198.5M151.4M
Liabilities And Stockholders Equity240.6M366.2M536.8M552.6M583.0M612.1M
Non Current Liabilities Total10.0M30M100M120M107.9M113.3M
Other Current Assets10.9M13.3M21.8M23.0M30.7M29.1M
Property Plant And Equipment Gross4.0M4.4M1.7M4.3M14.4M15.2M
Accumulated Other Comprehensive Income(48.1M)(50.5M)(47.1M)(43.3M)(39.9M)(37.9M)
Current Deferred Revenue(1.6M)(1.4M)(1.3M)(20.5M)(1.8M)(1.8M)
Non Currrent Assets Other(35.9M)1.6M1.5M1.8M8.7M9.1M
Net Tangible Assets187.5M243.7M400.3M420.8M483.9M508.1M

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