Pennant Change To Account Receivables vs Net Income Analysis

PNTG Stock  USD 30.31  0.30  1.00%   
Pennant financial indicator trend analysis is much more than just breaking down Pennant Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pennant Group is a good investment. Please check the relationship between Pennant Change To Account Receivables and its Net Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pennant 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 estimate.

Change To Account Receivables vs Net Income

Change To Account Receivables vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pennant Group Change To Account Receivables account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Pennant's Change To Account Receivables and Net Income is -0.25. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Net Income in the same time period over historical financial statements of Pennant Group, assuming nothing else is changed. The correlation between historical values of Pennant's Change To Account Receivables and Net Income 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 To Account Receivables of Pennant Group are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Change To Account Receivables i.e., Pennant's Change To Account Receivables and Net Income go up and down completely randomly.

Correlation Coefficient

-0.25
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change To Account Receivables

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Pennant Group financial statement analysis. It represents the amount of money remaining after all of Pennant Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Pennant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pennant 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 Pennant 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 estimate.
The current Tax Provision is estimated to decrease to about 2.7 M. The current Selling General Administrative is estimated to decrease to about 30.1 M
 2021 2022 2023 2024 (projected)
Gross Profit45.7M58.6M67.0M51.4M
Total Revenue439.7M473.2M544.9M404.5M

Pennant fundamental ratios Correlations

0.890.570.870.830.71-0.90.870.870.870.830.880.710.290.830.860.840.870.780.880.880.810.870.850.270.02
0.890.510.960.920.8-0.960.990.990.970.71.00.820.390.70.950.941.00.820.961.00.90.990.940.36-0.16
0.570.510.470.320.26-0.490.540.540.40.520.510.050.10.520.420.360.540.680.410.530.330.530.440.1-0.06
0.870.960.470.90.92-0.980.940.940.930.640.960.770.590.640.940.930.950.870.930.960.850.950.920.56-0.28
0.830.920.320.90.76-0.940.850.880.930.820.90.940.250.820.991.00.880.760.990.890.990.860.990.220.12
0.710.80.260.920.76-0.870.770.760.770.440.790.640.810.440.80.80.760.760.760.790.670.770.780.79-0.46
-0.9-0.96-0.49-0.98-0.94-0.87-0.92-0.93-0.96-0.74-0.95-0.83-0.44-0.74-0.97-0.96-0.93-0.89-0.96-0.94-0.91-0.92-0.97-0.420.1
0.870.990.540.940.850.77-0.921.00.940.630.990.740.420.630.890.871.00.790.921.00.831.00.880.39-0.26
0.870.990.540.940.880.76-0.931.00.960.671.00.780.370.670.910.91.00.80.941.00.871.00.90.35-0.2
0.870.970.40.930.930.77-0.960.940.960.690.970.90.310.690.950.950.960.790.970.960.930.950.950.28-0.06
0.830.70.520.640.820.44-0.740.630.670.690.690.7-0.11.00.810.80.670.620.810.670.830.650.82-0.130.48
0.881.00.510.960.90.79-0.950.991.00.970.690.80.40.690.940.921.00.810.951.00.891.00.920.37-0.19
0.710.820.050.770.940.64-0.830.740.780.90.70.80.110.70.90.920.780.580.910.780.950.750.90.080.21
0.290.390.10.590.250.81-0.440.420.370.31-0.10.40.11-0.10.320.310.380.480.260.410.130.410.281.0-0.83
0.830.70.520.640.820.44-0.740.630.670.691.00.690.7-0.10.810.80.670.620.810.670.830.650.82-0.130.48
0.860.950.420.940.990.8-0.970.890.910.950.810.940.90.320.811.00.920.830.990.920.970.91.00.290.04
0.840.940.360.931.00.8-0.960.870.90.950.80.920.920.310.81.00.90.810.990.910.980.890.990.280.06
0.871.00.540.950.880.76-0.931.01.00.960.671.00.780.380.670.920.90.80.941.00.871.00.910.35-0.2
0.780.820.680.870.760.76-0.890.790.80.790.620.810.580.480.620.830.810.80.80.810.730.780.850.46-0.16
0.880.960.410.930.990.76-0.960.920.940.970.810.950.910.260.810.990.990.940.80.940.980.930.990.230.06
0.881.00.530.960.890.79-0.941.01.00.960.671.00.780.410.670.920.911.00.810.940.871.00.910.38-0.21
0.810.90.330.850.990.67-0.910.830.870.930.830.890.950.130.830.970.980.870.730.980.870.850.980.090.21
0.870.990.530.950.860.77-0.921.01.00.950.651.00.750.410.650.90.891.00.780.931.00.850.890.38-0.24
0.850.940.440.920.990.78-0.970.880.90.950.820.920.90.280.821.00.990.910.850.990.910.980.890.250.08
0.270.360.10.560.220.79-0.420.390.350.28-0.130.370.081.0-0.130.290.280.350.460.230.380.090.380.25-0.84
0.02-0.16-0.06-0.280.12-0.460.1-0.26-0.2-0.060.48-0.190.21-0.830.480.040.06-0.2-0.160.06-0.210.21-0.240.08-0.84
Click cells to compare fundamentals

Pennant Account Relationship Matchups

Pennant fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding29.6M30.2M30.6M30.2M30.2M32.3M
Total Assets447.8M507.0M530.3M512.1M539.7M427.9M
Other Current Liab28.3M26.1M36.2M20.7M23.6M28.8M
Total Current Liabilities51.2M89.0M71.6M70.2M71.5M64.3M
Total Stockholder Equity71.1M96.6M110.2M121.0M140.3M102.2M
Other Liab2.9M11.9M5.3M6.3M7.2M5.8M
Net Tangible Assets(3.6M)(17.4M)(17.8M)(17.1M)(15.4M)(14.6M)
Property Plant And Equipment Net331.0M326.5M317.8M287.5M291.5M247.3M
Net Debt334.5M319.0M350.1M324.5M323.6M259.5M
Retained Earnings(3.8M)11.9M14.6M21.3M34.7M36.4M
Accounts Payable8.7M9.8M10.6M13.6M10.8M9.6M
Cash402K43K5.2M2.1M6.1M6.4M
Non Current Assets Total409.1M447.4M454.5M438.3M459.6M367.6M
Non Currrent Assets Other3.4M4.3M4.8M10.5M9.3M5.8M
Other Assets3.4M315.6M8.7M12.7M14.6M13.9M
Long Term Debt18.5M8.3M51.4M62.9M63.9M32.2M
Cash And Short Term Investments402K43K5.2M2.1M6.1M6.4M
Net Receivables32.2M47.2M53.9M53.4M61.1M46.3M
Good Will41.2M66.4M74.3M79.5M91.0M64.6M
Long Term Debt Total18.5M8.3M51.4M62.9M72.3M75.9M
Liabilities And Stockholders Equity447.8M507.0M530.3M512.1M539.7M427.9M
Non Current Liabilities Total325.4M316.8M344.4M316.2M322.6M256.3M
Capital Surpluse74.9M84.7M95.6M99.8M114.7M65.1M
Capital Lease Obligations316.3M310.7M303.9M263.7M265.7M229.5M
Other Current Assets6.1M24.7M33.4M18.3M12.9M16.4M
Other Stockholder Equity74.9M84.6M95.5M99.7M105.6M89.8M
Total Liab376.6M405.8M416.1M386.5M394.2M320.6M
Net Invested Capital89.6M104.9M161.6M183.9M204.3M134.4M
Property Plant And Equipment Gross331.0M326.5M317.8M287.5M316.6M251.2M
Total Current Assets38.7M59.6M75.8M73.8M80.1M60.3M
Non Current Liabilities Other2.9M308.5M5.3M6.3M8.3M7.8M
Net Working Capital(12.5M)(29.4M)4.2M3.6M8.5M9.0M
Short Term Debt12.3M28.2M16.1M33.3M34.2M19.5M
Intangible Assets33.5M47.5M53.7M58.6M67.7M48.6M
Property Plant Equipment331.0M17.9M317.8M26.6M30.6M29.1M

Currently Active Assets on Macroaxis

When determining whether Pennant Group is a strong investment it is important to analyze Pennant's 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 Pennant's future performance. For an informed investment choice regarding Pennant Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pennant 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 estimate.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pennant. If investors know Pennant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pennant listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.365
Earnings Share
0.68
Revenue Per Share
21.663
Quarterly Revenue Growth
0.289
Return On Assets
0.0383
The market value of Pennant Group is measured differently than its book value, which is the value of Pennant that is recorded on the company's balance sheet. Investors also form their own opinion of Pennant's value that differs from its market value or its book value, called intrinsic value, which is Pennant's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pennant's market value can be influenced by many factors that don't directly affect Pennant's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Pennant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pennant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pennant's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.