Gates Operating Income vs Invested Capital Analysis
GTES Stock | USD 17.20 0.02 0.12% |
Gates Industrial financial indicator trend analysis is much more than just examining Gates Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gates Industrial is a good investment. Please check the relationship between Gates Industrial Operating Income and its Invested Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gates Industrial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy Gates Stock please use our How to Invest in Gates Industrial guide.
Operating Income vs Invested Capital
Operating Income vs Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gates Industrial Operating Income account and Invested Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Gates Industrial's Operating Income and Invested Capital is -0.23. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Invested Capital in the same time period over historical financial statements of Gates Industrial, assuming nothing else is changed. The correlation between historical values of Gates Industrial's Operating Income and Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Gates Industrial are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Operating Income i.e., Gates Industrial's Operating Income and Invested Capital go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Operating Income
Operating Income is the amount of profit realized from Gates Industrial operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Gates Industrial is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Gates Industrial. There are two different methods for calculating Gates Industrial invested capital: operating approach and financing approach. Understanding Gates Industrial invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Most indicators from Gates Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gates Industrial 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 Gates Industrial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy Gates Stock please use our How to Invest in Gates Industrial guide.At this time, Gates Industrial's Tax Provision is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 890.5 M in 2024, whereas Discontinued Operations is likely to drop (483 K) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 133.5M | 139.4M | 163.2M | 135.9M | Depreciation And Amortization | 233.4M | 243.1M | 217.5M | 195.4M |
Gates Industrial fundamental ratios Correlations
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Gates Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gates Industrial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 291.6M | 292.1M | 297.3M | 287.6M | 275.6M | 232.2M | |
Total Assets | 7.4B | 7.4B | 7.5B | 7.2B | 7.3B | 7.7B | |
Short Long Term Debt Total | 3.1B | 2.8B | 2.7B | 2.6B | 2.6B | 2.5B | |
Other Current Liab | 237.3M | 266.2M | 311.2M | 325.8M | 248.5M | 173.7M | |
Total Current Liabilities | 658.1M | 726.3M | 855.9M | 752.3M | 779.3M | 769.2M | |
Total Stockholder Equity | 2.7B | 2.8B | 3.1B | 3.1B | 3.2B | 2.4B | |
Other Liab | 682M | 735.4M | 552.8M | 425.3M | 382.8M | 590.5M | |
Net Tangible Assets | (1.3B) | (1.1B) | (605.5M) | (361.5M) | (415.7M) | (436.5M) | |
Property Plant And Equipment Net | 850.9M | 825.9M | 794.5M | 769.7M | 750.1M | 818.1M | |
Net Debt | 2.4B | 2.3B | 2.0B | 2.0B | 1.8B | 2.1B | |
Retained Earnings | 1.1B | 1.2B | 1.4B | 1.5B | 1.5B | 860.3M | |
Accounts Payable | 374.7M | 417.4M | 506.6M | 469.6M | 457.7M | 443.6M | |
Cash | 635.3M | 521.4M | 658.2M | 578.4M | 720.6M | 606.8M | |
Non Current Assets Total | 5.5B | 5.5B | 5.3B | 4.9B | 4.9B | 5.6B | |
Non Currrent Assets Other | 17.1M | 16.6M | 24.1M | 40M | 28.8M | 51.3M | |
Other Assets | 665.3M | 785M | 754.6M | 640.3M | 736.3M | 449.0M | |
Long Term Debt | 2.9B | 2.7B | 2.5B | 2.4B | 2.4B | 2.4B | |
Cash And Short Term Investments | 635.3M | 521.4M | 658.2M | 578.4M | 720.6M | 607.5M | |
Net Receivables | 716.8M | 723.6M | 727.2M | 821.6M | 798.6M | 798.9M | |
Good Will | 2.1B | 2.1B | 2.1B | 2.0B | 2.0B | 2.2B | |
Long Term Debt Total | 2.9B | 2.7B | 2.5B | 2.4B | 2.2B | 2.5B | |
Liabilities And Stockholders Equity | 7.4B | 7.4B | 7.5B | 7.2B | 7.3B | 7.7B | |
Non Current Liabilities Total | 3.7B | 3.5B | 3.2B | 3.0B | 2.9B | 3.1B | |
Capital Surpluse | 2.4B | 2.5B | 2.5B | 2.5B | 2.9B | 2.4B | |
Inventory | 475.1M | 508.2M | 682.6M | 656.2M | 647.2M | 580.1M | |
Other Stockholder Equity | 2.4B | 2.5B | 2.5B | 2.5B | 2.6B | 2.4B | |
Total Liab | 4.4B | 4.2B | 4.1B | 3.7B | 3.7B | 3.6B | |
Long Term Investments | 23M | 26.5M | 15.7M | 15.1M | 17.4M | 12.4M | |
Property Plant And Equipment Gross | 850.9M | 825.9M | 794.5M | 769.7M | 1.5B | 910.6M | |
Short Long Term Debt | 46.1M | 42.7M | 38.1M | 36.6M | 36.5M | 40.3M | |
Total Current Assets | 2.0B | 1.9B | 2.3B | 2.3B | 2.4B | 2.1B | |
Accumulated Other Comprehensive Income | (858.4M) | (805.4M) | (825.2M) | (917.8M) | (828.5M) | (869.9M) | |
Short Term Debt | 46.1M | 42.7M | 38.1M | 36.6M | 36.5M | 40.3M | |
Intangible Assets | 1.9B | 1.8B | 1.6B | 1.5B | 1.4B | 1.5B | |
Property Plant Equipment | 850.9M | 825.9M | 794.5M | 769.7M | 885.2M | 817.3M | |
Non Current Liabilities Other | 84.7M | 488.6M | 59.2M | 377.3M | 123.1M | 178.8M |
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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 Gates Industrial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more information on how to buy Gates Stock please use our How to Invest in Gates Industrial guide.Note that the Gates Industrial information on this page should be used as a complementary analysis to other Gates Industrial'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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When running Gates Industrial's price analysis, check to measure Gates Industrial'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 Gates Industrial is operating at the current time. Most of Gates Industrial's value examination focuses on studying past and present price action to predict the probability of Gates Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gates Industrial's price. Additionally, you may evaluate how the addition of Gates Industrial to your portfolios can decrease your overall portfolio volatility.
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Is Gates Industrial'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 Gates Industrial. If investors know Gates 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 Gates Industrial 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 (0.23) | Earnings Share 0.84 | Revenue Per Share 13.132 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0416 |
The market value of Gates Industrial is measured differently than its book value, which is the value of Gates that is recorded on the company's balance sheet. Investors also form their own opinion of Gates Industrial's value that differs from its market value or its book value, called intrinsic value, which is Gates Industrial'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 Gates Industrial's market value can be influenced by many factors that don't directly affect Gates Industrial'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 Gates Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gates Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gates Industrial'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.