Beauty Accounts Payable vs Good Will Analysis
| SKIN Stock | USD 1.51 0.01 0.67% |
Beauty Health financial indicator trend analysis is way more than just evaluating Beauty Health prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beauty Health is a good investment. Please check the relationship between Beauty Health Accounts Payable and its Good Will accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Beauty Health Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Accounts Payable vs Good Will
Accounts Payable vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Beauty Health Accounts Payable account and Good Will. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Beauty Health's Accounts Payable and Good Will is 0.92. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Good Will in the same time period over historical financial statements of Beauty Health Co, assuming nothing else is changed. The correlation between historical values of Beauty Health's Accounts Payable and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Beauty Health Co are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Accounts Payable i.e., Beauty Health's Accounts Payable and Good Will go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Beauty Health obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Beauty Health are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from Beauty Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beauty Health 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Beauty Health Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. As of the 13th of December 2024, Enterprise Value is likely to grow to about 811.9 M, while Tax Provision is likely to drop (3.8 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 11.8M | 13.4M | 13.6M | 11.6M | Depreciation And Amortization | 236.6K | 22.0M | 34.7M | 17.8M |
Beauty Health fundamental ratios Correlations
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Beauty Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beauty Health fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 32.1M | 34.3M | 102.1M | 148.5M | 131.7M | 105.3M |
Pair Trading with Beauty Health
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 Beauty Health 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 Beauty Health will appreciate offsetting losses from the drop in the long position's value.Moving against Beauty Stock
| 0.61 | PG | Procter Gamble | PairCorr |
| 0.45 | CL | Colgate Palmolive Fiscal Year End 24th of January 2025 | PairCorr |
| 0.45 | NUS | Nu Skin Enterprises | PairCorr |
| 0.42 | CENTA | Central Garden Pet | PairCorr |
| 0.39 | KMB | Kimberly Clark Fiscal Year End 22nd of January 2025 | PairCorr |
The ability to find closely correlated positions to Beauty Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beauty Health 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 Beauty Health - 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 Beauty Health Co to buy it.
The correlation of Beauty Health 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 Beauty Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beauty Health 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 Beauty Health 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Beauty Health Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Personal Care Products 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 Beauty Health. If investors know Beauty 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 Beauty Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.39) | Revenue Per Share 2.783 | Quarterly Revenue Growth (0.19) | Return On Assets (0.06) | Return On Equity (0.38) |
The market value of Beauty Health is measured differently than its book value, which is the value of Beauty that is recorded on the company's balance sheet. Investors also form their own opinion of Beauty Health's value that differs from its market value or its book value, called intrinsic value, which is Beauty Health'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 Beauty Health's market value can be influenced by many factors that don't directly affect Beauty Health'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 Beauty Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beauty Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beauty Health'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.