Global Total Current Assets vs Other Current Assets Analysis
GLBE Stock | USD 29.13 0.73 2.57% |
Global E financial indicator trend analysis is much more than just examining Global E Online latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global E Online is a good investment. Please check the relationship between Global E Total Current Assets and its Other Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global E Online. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Total Current Assets vs Other Current Assets
Total Current Assets vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Global E Online Total Current Assets account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Global E's Total Current Assets and Other Current Assets is 0.65. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Global E Online, assuming nothing else is changed. The correlation between historical values of Global E's Total Current Assets and Other Current Assets 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 Current Assets of Global E Online are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Current Assets i.e., Global E's Total Current Assets and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Global E's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global E Online 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 Global E Online. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. At present, Global E's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 6.5 B, whereas Issuance Of Capital Stock is forecasted to decline to 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 8.6M | 12.1M | 13.9M | 14.6M | Depreciation And Amortization | 331K | 29.4M | 22.2M | 23.3M |
Global E fundamental ratios Correlations
Click cells to compare fundamentals
Global E Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Global E fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 619K | 59.5M | 97.6M | 145.0M | 96.8M | 75.0M | |
Total Current Liabilities | 41.8M | 83.9M | 131.6M | 209.6M | 273.5M | 139.5M | |
Net Tangible Assets | (53.0M) | (44.5M) | 499.2M | 179.1M | 206.0M | 117.7M | |
Retained Earnings | (56.6M) | (52.7M) | (127.6M) | (323.0M) | (456.9M) | (434.0M) | |
Accounts Payable | 9.0M | 19.1M | 24.1M | 52.2M | 162.2M | 170.3M | |
Other Assets | 2.4M | 3.3M | 3.7M | 9.0M | 1.0 | 0.95 | |
Net Receivables | 23.6M | 38.1M | 66.8M | 94.5M | 139.1M | 146.0M | |
Common Stock Shares Outstanding | 32.8K | 28.6M | 101.7M | 157.7M | 164.4M | 105.3M | |
Other Current Assets | (1K) | 23.0M | 1.3M | 51.9M | 63.0M | 66.1M | |
Deferred Long Term Liab | 420K | 729K | 1.3M | 1.8M | 2.1M | 2.2M | |
Total Current Assets | 39.3M | 153.1M | 622.5M | 374.7M | 519.5M | 318.1M | |
Property Plant Equipment | 1.9M | 4.9M | 23.4M | 30.0M | 34.5M | 36.2M |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global E Online. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Global E Online information on this page should be used as a complementary analysis to other Global E's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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Is Global E'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 Global E. If investors know Global 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 Global E listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.81) | Revenue Per Share 3.468 | Quarterly Revenue Growth 0.326 | Return On Assets (0.07) | Return On Equity (0.15) |
The market value of Global E Online is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global E's value that differs from its market value or its book value, called intrinsic value, which is Global E'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 Global E's market value can be influenced by many factors that don't directly affect Global E'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 Global E's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global E is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global E'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.