Grocery Asset Turnover vs Gross Profit Margin Analysis
| GO Stock | USD 22.62 0.03 0.13% |
Grocery Outlet financial indicator trend analysis is much more than just examining Grocery Outlet Holding latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grocery Outlet Holding is a good investment. Please check the relationship between Grocery Outlet Asset Turnover and its Gross Profit Margin accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grocery Outlet Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Asset Turnover vs Gross Profit Margin
Asset Turnover vs Gross Profit Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grocery Outlet Holding Asset Turnover account and Gross Profit Margin. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Grocery Outlet's Asset Turnover and Gross Profit Margin is -0.51. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Grocery Outlet Holding, assuming nothing else is changed. The correlation between historical values of Grocery Outlet's Asset Turnover and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Grocery Outlet Holding are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Asset Turnover i.e., Grocery Outlet's Asset Turnover and Gross Profit Margin go up and down completely randomly.
Correlation Coefficient | -0.51 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Gross Profit Margin
Most indicators from Grocery Outlet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grocery Outlet Holding 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 Grocery Outlet Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, Grocery Outlet's Tax Provision is very stable compared to the past year. As of the 26th of May 2024, Enterprise Value Over EBITDA is likely to grow to 27.82, while Selling General Administrative is likely to drop about 790.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 15.6M | 18.0M | 26.1M | 26.8M | Depreciation And Amortization | 71.1M | 78.3M | 88.0M | 65.0M |
Grocery Outlet fundamental ratios Correlations
Click cells to compare fundamentals
Grocery Outlet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Grocery Outlet fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.2B | 2.5B | 2.7B | 2.8B | 3.3B | 2.2B | |
| Other Current Liab | 50.9M | 69.7M | 64.7M | 68.5M | 91.4M | 57.0M | |
| Total Current Liabilities | 208.6M | 232.6M | 237.9M | 280.5M | 384.0M | 223.6M | |
| Total Stockholder Equity | 745.4M | 922.3M | 1.0B | 1.1B | 1.2B | 788.4M | |
| Other Liab | 76.0M | 16.0M | 9.4M | 21.3M | 19.1M | 23.5M | |
| Net Tangible Assets | (50.4M) | 126.1M | 209.4M | 298.3M | 343.0M | 360.2M | |
| Retained Earnings | 28.0M | 135.2M | 197.5M | 262.5M | 342.0M | 359.1M | |
| Accounts Payable | 119.2M | 114.3M | 122.1M | 137.6M | 209.4M | 123.2M | |
| Cash | 28.1M | 105.3M | 140.1M | 102.7M | 115.0M | 71.2M | |
| Other Assets | 22.1M | 38.4M | 29.7M | 24.4M | 28.1M | 20.5M | |
| Long Term Debt | 447.7M | 449.2M | 451.5M | 379.7M | 287.1M | 357.1M | |
| Common Stock Total Equity | 89K | 95K | 96K | 98K | 112.7K | 80.8K | |
| Common Stock Shares Outstanding | 81.9M | 98.5M | 99.4M | 100.2M | 100.8M | 96.7M | |
| Inventory | 219.4M | 245.2M | 275.5M | 334.3M | 350.0M | 248.3M | |
| Other Current Assets | 13.5M | 20.1M | 16.8M | 15.1M | 32.4M | 17.0M | |
| Other Stockholder Equity | 717.3M | 787.0M | 811.7M | 847.6M | 877.3M | 678.4M | |
| Total Liab | 1.4B | 1.6B | 1.7B | 1.7B | 2.1B | 1.4B | |
| Short Long Term Debt | 5.4M | 7.3M | 246K | 5.6M | 6.5M | 4.1M | |
| Total Current Assets | 270.8M | 382.0M | 442.7M | 467.4M | 516.6M | 347.5M | |
| Short Term Debt | 38.5M | 48.7M | 51.1M | 54.6M | 69.4M | 37.8M | |
| Intangible Assets | 47.8M | 48.2M | 51.9M | 64.0M | 78.6M | 59.8M | |
| Common Stock | 89K | 95K | 96K | 98K | 99K | 84.3K | |
| Property Plant Equipment | 1.1B | 433.7M | 499.4M | 560.7M | 644.9M | 498.5M | |
| Short Long Term Debt Total | 1.3B | 1.4B | 1.5B | 1.4B | 1.4B | 1.3B | |
| Property Plant And Equipment Net | 1.1B | 1.3B | 1.4B | 1.5B | 1.6B | 1.2B | |
| Net Debt | 1.2B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | |
| Non Current Assets Total | 1.9B | 2.1B | 2.2B | 2.3B | 2.8B | 2.1B | |
| Non Currrent Assets Other | 28.0M | 7.5M | 29.7M | (12.1M) | 10.2M | 10.0M | |
| Cash And Short Term Investments | 28.1M | 105.3M | 140.1M | 102.7M | 115.0M | 81.4M | |
| Net Receivables | 9.9M | 11.4M | 10.4M | 15.2M | 19.1M | 12.5M | |
| Long Term Debt Total | 453.4M | 449.2M | 451.5M | 379.7M | 341.7M | 438.6M | |
| Liabilities And Stockholders Equity | 2.2B | 2.5B | 2.7B | 2.8B | 3.3B | 2.5B | |
| Non Current Liabilities Total | 1.2B | 1.3B | 1.4B | 1.4B | 1.7B | 1.4B | |
| Capital Surpluse | 717.3M | 787.0M | 811.7M | 847.6M | 974.7M | 706.6M | |
| Net Invested Capital | 1.2B | 1.4B | 1.5B | 1.5B | 1.5B | 1.5B | |
| Property Plant And Equipment Gross | 1.1B | 1.3B | 1.4B | 1.5B | 2.0B | 1.2B |
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When running Grocery Outlet's price analysis, check to measure Grocery Outlet'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 Grocery Outlet is operating at the current time. Most of Grocery Outlet's value examination focuses on studying past and present price action to predict the probability of Grocery Outlet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grocery Outlet's price. Additionally, you may evaluate how the addition of Grocery Outlet to your portfolios can decrease your overall portfolio volatility.
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Is Grocery Outlet'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 Grocery Outlet. If investors know Grocery 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 Grocery Outlet 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 (0.12) | Earnings Share 0.64 | Revenue Per Share 40.773 | Quarterly Revenue Growth 0.074 | Return On Assets 0.0204 |
The market value of Grocery Outlet Holding is measured differently than its book value, which is the value of Grocery that is recorded on the company's balance sheet. Investors also form their own opinion of Grocery Outlet's value that differs from its market value or its book value, called intrinsic value, which is Grocery Outlet'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 Grocery Outlet's market value can be influenced by many factors that don't directly affect Grocery Outlet'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 Grocery Outlet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grocery Outlet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grocery Outlet'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.