Genco Non Currrent Assets Other vs Inventory Analysis
GNK Stock | USD 20.45 0.77 3.63% |
Genco Shipping financial indicator trend analysis is much more than just examining Genco Shipping Trading latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Genco Shipping Trading is a good investment. Please check the relationship between Genco Shipping Non Currrent Assets Other and its Inventory accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genco Shipping Trading. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Non Currrent Assets Other vs Inventory
Non Currrent Assets Other vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Genco Shipping Trading Non Currrent Assets Other account and Inventory. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Genco Shipping's Non Currrent Assets Other and Inventory is -0.63. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Inventory in the same time period over historical financial statements of Genco Shipping Trading, assuming nothing else is changed. The correlation between historical values of Genco Shipping's Non Currrent Assets Other and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Genco Shipping Trading are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Non Currrent Assets Other i.e., Genco Shipping's Non Currrent Assets Other and Inventory go up and down completely randomly.
Correlation Coefficient | -0.63 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Inventory
Most indicators from Genco Shipping's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Genco Shipping Trading 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 Genco Shipping Trading. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Genco Shipping's Sales General And Administrative To Revenue is quite stable compared to the past year. Enterprise Value is expected to rise to about 1 B this year, although the value of Selling General Administrative will most likely fall to about 28.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 30.1M | 29.0M | 33.5M | 44.1M | Cost Of Revenue | 320.9M | 340.7M | 315.7M | 191.0M |
Genco Shipping fundamental ratios Correlations
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Genco Shipping Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Genco Shipping fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5B | 1.2B | 1.2B | 1.2B | 1.1B | 1.4B | |
Short Long Term Debt Total | 494.2M | 449.4M | 246.3M | 171.1M | 194.3M | 184.6M | |
Other Current Liab | 23.6M | 10.9M | 20.6M | 13.3M | 13.6M | 16.5M | |
Total Current Liabilities | 127.7M | 113.6M | 41.9M | 36.5M | 35.3M | 33.5M | |
Total Stockholder Equity | 978.4M | 745.0M | 916.6M | 967.4M | 913.3M | 937.7M | |
Property Plant And Equipment Net | 1.3B | 932.4M | 1.0B | 1.0B | 954.8M | 1.2B | |
Net Debt | 338.3M | 305.5M | 131.7M | 113.0M | 147.7M | 140.3M | |
Retained Earnings | (743.3M) | (968.8M) | (786.8M) | (628.2M) | (641.1M) | (609.1M) | |
Accounts Payable | 49.6M | 11.9M | 30.0M | 16.2M | 10.7M | 14.1M | |
Cash | 155.9M | 143.9M | 114.6M | 58.1M | 46.5M | 44.2M | |
Non Current Assets Total | 1.3B | 985.6M | 1.0B | 1.0B | 986.6M | 1.2B | |
Non Currrent Assets Other | 17.3M | 52.9M | 15.4M | 32.3M | 31.4M | 32.6M | |
Other Assets | 17.6M | 979.2M | 33.1M | 33.0M | 37.9M | 36.0M | |
Long Term Debt | 413.0M | 358.9M | 238.2M | 164.9M | 190.2M | 180.7M | |
Cash And Short Term Investments | 155.9M | 143.9M | 114.6M | 58.1M | 46.5M | 44.2M | |
Net Receivables | 13.7M | 13.0M | 20.1M | 25.3M | 19.2M | 12.6M | |
Common Stock Total Equity | 417K | 418K | 419K | 423K | 486.5K | 407.2K | |
Common Stock Shares Outstanding | 41.8M | 41.9M | 42.6M | 42.9M | 42.8M | 44.9M | |
Liabilities And Stockholders Equity | 1.5B | 1.2B | 1.2B | 1.2B | 1.1B | 1.4B | |
Non Current Liabilities Total | 422.8M | 374.2M | 244.4M | 169.0M | 192.0M | 182.4M | |
Inventory | 27.2M | 21.6M | 24.6M | 21.6M | 26.9M | 14.4M | |
Other Current Assets | 10.0M | 10.9M | 9.9M | 8.4M | 62.7M | 65.8M | |
Other Stockholder Equity | 1.7B | 1.7B | 1.7B | 1.6B | 1.6B | 1.2B | |
Total Liab | 550.5M | 487.8M | 286.3M | 205.6M | 227.3M | 215.9M | |
Property Plant And Equipment Gross | 1.3B | 970.6M | 1.3B | 1.3B | 1.3B | 1.7B | |
Total Current Assets | 223.2M | 247.2M | 174.8M | 125.4M | 155.3M | 191.6M | |
Short Term Debt | 71.4M | 82.4M | 1.9M | 2.1M | 2.3M | 2.2M | |
Common Stock | 417K | 418K | 419K | 423K | 425K | 410.2K | |
Property Plant Equipment | 1.3B | 6.4M | 7.2M | 8.6M | 7.7M | 7.3M | |
Current Deferred Revenue | 6.6M | 8.4M | 10.1M | 5.0M | 8.7M | 6.2M | |
Net Tangible Assets | 978.4M | 745.0M | 916.6M | 967.4M | 870.7M | 785.1M | |
Retained Earnings Total Equity | (743.3M) | (968.8M) | (786.8M) | (628.2M) | (565.4M) | (593.7M) | |
Long Term Debt Total | 413.0M | 358.9M | 238.2M | 164.9M | 148.4M | 141.0M | |
Capital Surpluse | 1.7B | 1.7B | 1.7B | 1.6B | 1.8B | 1.6B | |
Deferred Long Term Liab | 17.3M | 14.7M | 32.8M | 32.3M | 37.1M | 38.9M |
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Additional Information and Resources on Investing in Genco Stock
When determining whether Genco Shipping Trading is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Genco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Genco Shipping Trading Stock. Highlighted below are key reports to facilitate an investment decision about Genco Shipping Trading Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genco Shipping Trading. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Marine Transportation 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 Genco Shipping. If investors know Genco 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 Genco Shipping 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 6.167 | Dividend Share 1.13 | Earnings Share 0.07 | Revenue Per Share 9.498 | Quarterly Revenue Growth 0.244 |
The market value of Genco Shipping Trading is measured differently than its book value, which is the value of Genco that is recorded on the company's balance sheet. Investors also form their own opinion of Genco Shipping's value that differs from its market value or its book value, called intrinsic value, which is Genco Shipping'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 Genco Shipping's market value can be influenced by many factors that don't directly affect Genco Shipping'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 Genco Shipping's value and its price as these two are different measures arrived at by different means. Investors typically determine if Genco Shipping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genco Shipping'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.