Purple Innovation Stock Return On Equity
| PRPL Stock | USD 1.61 0.01 0.63% |
Purple Innovation fundamentals help investors to digest information that contributes to Purple Innovation's financial success or failures. It also enables traders to predict the movement of Purple Stock. The fundamental analysis module provides a way to measure Purple Innovation's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Purple Innovation stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (1.05) | (0.99) |
Purple | Return On Equity |
Purple Innovation Company Return On Equity Analysis
Purple Innovation's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Purple Innovation Return On Equity | -0.83 |
Most of Purple Innovation's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Purple Innovation is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Purple Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Purple Innovation is extremely important. It helps to project a fair market value of Purple Stock properly, considering its historical fundamentals such as Return On Equity. Since Purple Innovation's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Purple Innovation's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Purple Innovation's interrelated accounts and indicators.
Click cells to compare fundamentals
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Purple Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Purple Innovation has a Return On Equity of -0.8337. This is 123.16% lower than that of the Household Durables sector and significantly lower than that of the Consumer Discretionary industry. The return on equity for all United States stocks is 168.94% higher than that of the company.
Purple Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Purple Innovation's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Purple Innovation could also be used in its relative valuation, which is a method of valuing Purple Innovation by comparing valuation metrics of similar companies.Purple Innovation is currently under evaluation in return on equity category among related companies.
Purple Fundamentals
| Return On Equity | -0.83 | ||||
| Return On Asset | -0.16 | ||||
| Profit Margin | (0.24) % | ||||
| Operating Margin | (0.14) % | ||||
| Current Valuation | 299.66 M | ||||
| Shares Outstanding | 107.48 M | ||||
| Shares Owned By Insiders | 3.83 % | ||||
| Shares Owned By Institutions | 76.88 % | ||||
| Number Of Shares Shorted | 4.25 M | ||||
| Price To Earning | 63.13 X | ||||
| Price To Book | 1.56 X | ||||
| Price To Sales | 0.35 X | ||||
| Revenue | 510.54 M | ||||
| Gross Profit | 210.58 M | ||||
| EBITDA | (81.73 M) | ||||
| Net Income | (120.76 M) | ||||
| Cash And Equivalents | 41.17 M | ||||
| Cash Per Share | 0.50 X | ||||
| Total Debt | 152.97 M | ||||
| Debt To Equity | 0.70 % | ||||
| Current Ratio | 1.91 X | ||||
| Book Value Per Share | 1.09 X | ||||
| Cash Flow From Operations | (60.8 M) | ||||
| Short Ratio | 5.88 X | ||||
| Earnings Per Share | (1.17) X | ||||
| Price To Earnings To Growth | 2.00 X | ||||
| Target Price | 3.46 | ||||
| Number Of Employees | 1.7 K | ||||
| Beta | 1.95 | ||||
| Market Capitalization | 173.04 M | ||||
| Total Asset | 390.62 M | ||||
| Retained Earnings | (475.97 M) | ||||
| Working Capital | 30.83 M | ||||
| Net Asset | 390.62 M |
About Purple Innovation Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Purple Innovation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Purple Innovation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Purple Innovation based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Purple Innovation in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Purple Innovation's short interest history, or implied volatility extrapolated from Purple Innovation options trading.
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Check out Purple Innovation Piotroski F Score and Purple Innovation Altman Z Score analysis. For more information on how to buy Purple Stock please use our How to buy in Purple Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Purple Stock analysis
When running Purple Innovation's price analysis, check to measure Purple Innovation'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 Purple Innovation is operating at the current time. Most of Purple Innovation's value examination focuses on studying past and present price action to predict the probability of Purple Innovation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Purple Innovation's price. Additionally, you may evaluate how the addition of Purple Innovation to your portfolios can decrease your overall portfolio volatility.
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Is Purple Innovation's industry 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 Purple Innovation. If investors know Purple 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 Purple Innovation 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 (0.60) | Earnings Share (1.17) | Revenue Per Share 4.928 | Quarterly Revenue Growth 0.011 | Return On Assets (0.16) |
The market value of Purple Innovation is measured differently than its book value, which is the value of Purple that is recorded on the company's balance sheet. Investors also form their own opinion of Purple Innovation's value that differs from its market value or its book value, called intrinsic value, which is Purple Innovation'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 Purple Innovation's market value can be influenced by many factors that don't directly affect Purple Innovation'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 Purple Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Purple Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Purple Innovation'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.