GMS Invested Capital vs Income Tax Expense Analysis
GMS Stock | USD 92.76 1.97 2.17% |
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 Invested Capital and its Income Tax Expense 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.
Invested Capital vs Income Tax Expense
Invested Capital vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GMS Inc Invested Capital account and Income Tax Expense. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between GMS's Invested Capital and Income Tax Expense is -0.53. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Income Tax Expense 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 Invested Capital and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of GMS Inc are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Invested Capital i.e., GMS's Invested Capital and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.53 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to GMS Inc. There are two different methods for calculating GMS Inc invested capital: operating approach and financing approach. Understanding GMS invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Income Tax Expense
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 |
GMS fundamental ratios Correlations
Click cells to compare fundamentals
GMS Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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Try AI Portfolio ArchitectCheck 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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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 7.05 | 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.