GMS Total Revenue vs Other Operating Expenses Analysis

GMS Stock

USD 93.29 3.05 3.17%

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 Total Revenue and its Other Operating Expenses 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 tightly coupled with the direction of predictive economic indicators such as signals in population.

Total Revenue vs Other Operating Expenses

Total Revenue vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GMS Inc Total Revenue account and Other Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.

The correlation between GMS's Total Revenue and Other Operating Expenses is 0.98. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Other Operating Expenses 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 Total Revenue and Other Operating Expenses 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 GMS Inc are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Total Revenue i.e., GMS's Total Revenue and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Revenue

Total revenue comprises all receipts GMS Inc 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of GMS Inc. It is also known as GMS overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

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 tightly coupled 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

Click cells to compare fundamentals

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

0.83	NX	Quanex Building Products Financial Report 6th of June 2024	Pair Corr
0.76	OC	Owens Corning	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

When determining whether GMS Inc is a strong investment it is important to analyze GMS'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 GMS's future performance. For an informed investment choice regarding GMS Stock, refer to the following important reports:

How To Invest In GMS

Details

Is GMS Stock a good investment?

Details

What is GMS's Net Worth?

Details

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Largest Building Products & Equipment Companies

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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 tightly coupled with the direction of predictive economic indicators such as signals in population.

You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary 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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Is GMS'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 GMS. If investors know GMS 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 GMS 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

(0.16)

Earnings Share

7.16

Revenue Per Share

132.882

Quarterly Revenue Growth

0.019

Return On Assets

0.0884

The market value of GMS Inc is measured differently than its book value, which is the value of GMS that is recorded on the company's balance sheet. Investors also form their own opinion of GMS's value that differs from its market value or its book value, called intrinsic value, which is GMS'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 GMS's market value can be influenced by many factors that don't directly affect GMS'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 GMS's value and its price as these two are different measures arrived at by different means. Investors typically determine if GMS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GMS'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.

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GMS Total Revenue vs Other Operating Expenses Analysis

Total Revenue vs Other Operating Expenses

Total Revenue vs Other Operating Expenses Correlation Analysis

Correlation Coefficient

Total Revenue

Other Operating Expenses

GMS fundamental ratios Correlations

GMS Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GMS fundamental ratios Accounts

Pair Trading with GMS

Moving together with GMS Stock

Complementary Tools for GMS Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Net Receivables	+ 0.99	Total Assets

Non Currrent Assets Other	- 0.73	Other Liab
Non Currrent Assets Other	- 0.43	Other Current Liab
Other Stockholder Equity	- 0.34	Non Currrent Assets Other
Common Stock Total Equity	- 0.27	Non Currrent Assets Other
Other Assets	- 0.26	Other Liab
Other Current Assets	- 0.2	Non Currrent Assets Other