PETS Stock | | | USD 5.42 0.14 2.52% |
PetMed Express financial indicator trend analysis is much more than just breaking down PetMed Express prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PetMed Express is a good investment. Please check the relationship between PetMed Express Total Revenue and its Cost Of Revenue accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PetMed Express. 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.
For more information on how to buy PetMed Stock please use our
How to Invest in PetMed Express guide.
Total Revenue vs Cost Of Revenue
Total Revenue vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
PetMed Express Total Revenue account and
Cost Of Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between PetMed Express' Total Revenue and Cost Of Revenue is 0.99. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of PetMed Express, assuming nothing else is changed. The correlation between historical values of PetMed Express' Total Revenue and Cost Of 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 Total Revenue of PetMed Express are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Total Revenue i.e., PetMed Express' Total Revenue and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts PetMed Express 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.
Cost Of Revenue
Cost of Revenue is found on PetMed Express income statement and represents the costs associated with goods and services PetMed Express provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from PetMed Express' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PetMed Express 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 PetMed Express. 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.
For more information on how to buy PetMed Stock please use our
How to Invest in PetMed Express guide.At this time, PetMed Express'
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 464.80 in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.15 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 78.1M | 71.0M | 71.6M | 71.9M | Total Revenue | 273.4M | 256.9M | 281.1M | 214.1M |
PetMed Express fundamental ratios Correlations
Click cells to compare fundamentals
PetMed Express Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PetMed Express fundamental ratios Accounts
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Additional Tools for PetMed Stock Analysis
When running PetMed Express' price analysis, check to
measure PetMed Express' 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 PetMed Express is operating at the current time. Most of PetMed Express' value examination focuses on studying past and present price action to
predict the probability of PetMed Express' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PetMed Express' price. Additionally, you may evaluate how the addition of PetMed Express to your portfolios can decrease your overall portfolio volatility.