GMS Long Term Debt vs Net Receivables Analysis

GMS Stock

USD 91.71 1.69 1.88%

GMS financial indicator trend analysis is much more than just examining GMS Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GMS Inc is a good investment. Please check the relationship between GMS Long Term Debt and its Net Receivables accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GMS Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Long Term Debt vs Net Receivables

Long Term Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GMS Inc Long Term Debt account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.

The correlation between GMS's Long Term Debt and Net Receivables is 0.92. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of GMS Inc, assuming nothing else is changed. The correlation between historical values of GMS's Long Term Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of GMS Inc are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Long Term Debt i.e., GMS's Long Term Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Long Term Debt

Long-term debt is a debt that GMS Inc has held for over one year. Long-term debt appears on GMS Inc balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on GMS Inc balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Net Receivables

Most indicators from GMS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GMS Inc 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GMS Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

At this time, GMS's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.24 in 2024, whereas Selling General Administrative is likely to drop slightly above 740.1 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.5B	1.7B	2.0B	2.1B
Total Revenue	4.6B	5.3B	6.1B	6.4B

Gross Profit Total Revenue

GMS fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Common Stock Shares Outstanding		0.75	0.71	0.05	0.73	0.75	0.01	0.61	0.72	0.72	0.69	0.69	0.73	0.66	0.74	-0.16	0.38	0.7	0.66	0.74	0.75	0.82	0.69	0.73	0.67	0.72
Total Assets	0.75		0.97	0.08	0.99	0.87	0.18	0.66	0.88	0.91	0.96	0.84	0.9	0.79	0.99	-0.09	0.61	0.96	0.79	0.99	0.98	0.84	0.96	0.88	0.89	0.69
Short Long Term Debt Total	0.71	0.97		0.03	0.95	0.81	0.09	0.5	0.86	0.91	0.99	0.76	0.87	0.82	0.99	-0.05	0.57	0.99	0.82	0.92	0.97	0.83	1.0	0.83	0.93	0.73
Other Current Liab	0.05	0.08	0.03		0.13	0.11	0.41	0.08	0.04	0.12	0.09	0.07	0.14	-0.19	0.05	-0.43	-0.19	0.07	-0.19	0.15	0.08	0.07	0.03	0.18	0.08	0.14
Total Current Liabilities	0.73	0.99	0.95	0.13		0.86	0.25	0.66	0.87	0.9	0.94	0.82	0.9	0.78	0.98	-0.16	0.58	0.94	0.78	0.99	0.96	0.82	0.94	0.87	0.88	0.68
Total Stockholder Equity	0.75	0.87	0.81	0.11	0.86		0.09	0.87	0.97	0.96	0.81	0.98	0.98	0.81	0.85	-0.13	0.48	0.81	0.81	0.87	0.86	0.82	0.8	0.99	0.75	0.65
Other Liab	0.01	0.18	0.09	0.41	0.25	0.09		0.14	0.05	0.08	0.13	0.12	0.11	-0.12	0.13	-0.73	-0.26	0.09	-0.12	0.26	0.16	-0.01	0.07	0.13	0.03	-0.08
Net Tangible Assets	0.61	0.66	0.5	0.08	0.66	0.87	0.14		0.8	0.73	0.48	0.9	0.81	0.65	0.6	-0.12	0.42	0.48	0.65	0.71	0.6	0.61	0.5	0.84	0.44	0.39
Property Plant And Equipment Net	0.72	0.88	0.86	0.04	0.87	0.97	0.05	0.8		0.98	0.84	0.96	0.98	0.91	0.88	-0.02	0.6	0.85	0.91	0.85	0.85	0.77	0.87	0.97	0.76	0.61
Current Deferred Revenue	0.72	0.91	0.91	0.12	0.9	0.96	0.08	0.73	0.98		0.91	0.94	0.98	0.85	0.92	-0.04	0.57	0.91	0.85	0.89	0.91	0.79	0.91	0.97	0.82	0.65
Net Debt	0.69	0.96	0.99	0.09	0.94	0.81	0.13	0.48	0.84	0.91		0.76	0.86	0.76	0.98	-0.07	0.54	1.0	0.76	0.92	0.98	0.82	0.99	0.84	0.93	0.72
Retained Earnings	0.69	0.84	0.76	0.07	0.82	0.98	0.12	0.9	0.96	0.94	0.76		0.95	0.79	0.82	-0.06	0.53	0.76	0.79	0.84	0.81	0.72	0.77	0.98	0.67	0.52
Accounts Payable	0.73	0.9	0.87	0.14	0.9	0.98	0.11	0.81	0.98	0.98	0.86	0.95		0.87	0.89	-0.13	0.53	0.87	0.87	0.89	0.88	0.82	0.86	0.98	0.81	0.68
Cash	0.66	0.79	0.82	-0.19	0.78	0.81	-0.12	0.65	0.91	0.85	0.76	0.79	0.87		0.8	0.05	0.56	0.78	1.0	0.71	0.75	0.75	0.81	0.81	0.73	0.66
Non Current Assets Total	0.74	0.99	0.99	0.05	0.98	0.85	0.13	0.6	0.88	0.92	0.98	0.82	0.89	0.8		-0.05	0.62	0.98	0.8	0.97	0.99	0.83	0.98	0.87	0.9	0.7
Non Currrent Assets Other	-0.16	-0.09	-0.05	-0.43	-0.16	-0.13	-0.73	-0.12	-0.02	-0.04	-0.07	-0.06	-0.13	0.05	-0.05		0.64	-0.05	0.05	-0.18	-0.14	-0.27	0.02	-0.13	-0.2	-0.34
Other Assets	0.38	0.61	0.57	-0.19	0.58	0.48	-0.26	0.42	0.6	0.57	0.54	0.53	0.53	0.56	0.62	0.64		0.57	0.56	0.55	0.5	0.25	0.63	0.49	0.37	0.08
Long Term Debt	0.7	0.96	0.99	0.07	0.94	0.81	0.09	0.48	0.85	0.91	1.0	0.76	0.87	0.78	0.98	-0.05	0.57		0.78	0.92	0.98	0.82	0.99	0.84	0.93	0.73
Cash And Short Term Investments	0.66	0.79	0.82	-0.19	0.78	0.81	-0.12	0.65	0.91	0.85	0.76	0.79	0.87	1.0	0.8	0.05	0.56	0.78		0.71	0.75	0.75	0.81	0.81	0.73	0.66
Net Receivables	0.74	0.99	0.92	0.15	0.99	0.87	0.26	0.71	0.85	0.89	0.92	0.84	0.89	0.71	0.97	-0.18	0.55	0.92	0.71		0.97	0.83	0.91	0.89	0.86	0.67
Good Will	0.75	0.98	0.97	0.08	0.96	0.86	0.16	0.6	0.85	0.91	0.98	0.81	0.88	0.75	0.99	-0.14	0.5	0.98	0.75	0.97		0.88	0.96	0.88	0.93	0.75
Common Stock Total Equity	0.82	0.84	0.83	0.07	0.82	0.82	-0.01	0.61	0.77	0.79	0.82	0.72	0.82	0.75	0.83	-0.27	0.25	0.82	0.75	0.83	0.88		0.79	0.8	0.85	0.95
Non Current Liabilities Total	0.69	0.96	1.0	0.03	0.94	0.8	0.07	0.5	0.87	0.91	0.99	0.77	0.86	0.81	0.98	0.02	0.63	0.99	0.81	0.91	0.96	0.79		0.83	0.9	0.68
Inventory	0.73	0.88	0.83	0.18	0.87	0.99	0.13	0.84	0.97	0.97	0.84	0.98	0.98	0.81	0.87	-0.13	0.49	0.84	0.81	0.89	0.88	0.8	0.83		0.77	0.64
Other Current Assets	0.67	0.89	0.93	0.08	0.88	0.75	0.03	0.44	0.76	0.82	0.93	0.67	0.81	0.73	0.9	-0.2	0.37	0.93	0.73	0.86	0.93	0.85	0.9	0.77		0.82
Other Stockholder Equity	0.72	0.69	0.73	0.14	0.68	0.65	-0.08	0.39	0.61	0.65	0.72	0.52	0.68	0.66	0.7	-0.34	0.08	0.73	0.66	0.67	0.75	0.95	0.68	0.64	0.82

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GMS Account Relationship Matchups

GMS fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	42.5M	43.3M	43.9M	42.6M	49.0M	44.1M
Total Assets	2.3B	2.5B	3.1B	3.3B	3.8B	2.2B
Short Long Term Debt Total	1.2B	1.1B	1.3B	1.3B	1.5B	991.9M
Other Current Liab	35.0M	50.9M	235.9M	45.1M	51.9M	95.3M
Total Current Liabilities	427.9M	562.5M	689.2M	706.3M	812.2M	413.5M
Total Stockholder Equity	634.0M	822.5M	1.1B	1.3B	1.5B	1.5B
Other Liab	57.1M	57.8M	67.0M	92.8M	83.5M	62.3M
Net Tangible Assets	(281.0M)	(104.7M)	(86.1M)	174.3M	200.4M	210.4M
Property Plant And Equipment Net	420.7M	429.7M	504.0M	585.8M	673.6M	707.3M
Current Deferred Revenue	102.0M	96.4M	109.1M	182.5M	209.8M	220.3M
Net Debt	1.0B	935.2M	1.2B	1.1B	1.3B	903.2M
Retained Earnings	169.0M	274.5M	548.0M	881.0M	1.0B	1.1B
Accounts Payable	213.2M	323.0M	367.3M	377.0M	433.6M	455.2M
Cash	210.9M	167.0M	101.9M	164.7M	189.5M	198.9M
Non Current Assets Total	1.4B	1.4B	1.7B	1.7B	2.0B	1.3B
Non Currrent Assets Other	13.2M	9.0M	8.8M	11.4M	13.1M	10.8M
Other Assets	22.2M	24.7M	26.7M	31.2M	35.9M	19.6M
Long Term Debt	954.0M	932.4M	1.1B	1.0B	1.2B	868.5M
Cash And Short Term Investments	210.9M	167.0M	101.9M	164.7M	189.5M	198.9M
Net Receivables	405.3M	558.7M	750.0M	792.2M	911.1M	477.5M
Good Will	553.1M	576.3M	695.9M	700.8M	805.9M	554.9M
Common Stock Total Equity	404K	426K	431K	428K	471.5K	429.1K
Liabilities And Stockholders Equity	2.3B	2.5B	3.1B	3.3B	3.8B	2.2B
Non Current Liabilities Total	1.2B	1.1B	1.4B	1.3B	1.5B	1.0B
Inventory	299.8M	357.1M	551.0M	575.5M	661.8M	694.9M
Other Current Assets	15.0M	19.5M	20.2M	17.1M	19.6M	12.6M
Other Stockholder Equity	529.7M	542.7M	522.1M	428.5M	492.8M	490.9M
Total Liab	1.7B	1.7B	2.0B	2.0B	2.3B	1.5B
Property Plant And Equipment Gross	420.7M	429.7M	731.2M	850.4M	978.0M	1.0B
Short Long Term Debt	50.2M	46.0M	47.6M	54.0M	48.6M	67.9M
Total Current Assets	931.0M	1.1B	1.4B	1.5B	1.8B	912.7M
Accumulated Other Comprehensive Income	(65.1M)	4.8M	(6.0M)	(35.1M)	(31.6M)	(30.0M)
Short Term Debt	83.2M	79.5M	86.0M	101.7M	117.0M	122.8M
Intangible Assets	361.9M	350.9M	454.7M	399.7M	459.6M	343.5M
Common Stock	404K	426K	431K	428K	471.5K	429.1K
Property Plant Equipment	420.7M	429.7M	504.0M	585.8M	673.6M	707.3M
Long Term Debt Total	1.0B	932.4M	1.1B	1.0B	1.2B	924.6M
Capital Surpluse	529.7M	542.7M	522.1M	428.5M	492.8M	506.6M
Non Current Liabilities Other	78.0M	63.5M	55.2M	48.3M	43.5M	46.5M

Pair Trading with GMS

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 GMS 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 GMS will appreciate offsetting losses from the drop in the long position's value.

Moving together with GMS Stock

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Moving against GMS Stock

0.46

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Pair Corr

The ability to find closely correlated positions to GMS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GMS 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 GMS - 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 GMS Inc to buy it.

The correlation of GMS 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 GMS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GMS Inc 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 GMS 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.

Pair Correlation Correlation Matching

Additional Tools for GMS Stock Analysis

When running GMS's price analysis, check to measure GMS'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 GMS is operating at the current time. Most of GMS's value examination focuses on studying past and present price action to predict the probability of GMS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GMS's price. Additionally, you may evaluate how the addition of GMS to your portfolios can decrease your overall portfolio volatility.

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