Wrap Retained Earnings vs Good Will Analysis

WRAP Stock

USD 1.36 0.03 2.16%

Wrap Technologies financial indicator trend analysis is more than just analyzing Wrap Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wrap Technologies is a good investment. Please check the relationship between Wrap Technologies Retained Earnings and its Good Will accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wrap Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in Wrap Stock, please use our How to Invest in Wrap Technologies guide.

Retained Earnings vs Good Will

Retained Earnings vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wrap Technologies Retained Earnings account and Good Will. At this time, the significance of the direction appears to have pay attention.

The correlation between Wrap Technologies' Retained Earnings and Good Will is -0.87. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Good Will in the same time period over historical financial statements of Wrap Technologies, assuming nothing else is changed. The correlation between historical values of Wrap Technologies' Retained Earnings and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Wrap Technologies are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Retained Earnings i.e., Wrap Technologies' Retained Earnings and Good Will go up and down completely randomly.

Correlation Coefficient

-0.87

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Wrap Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wrap Technologies 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wrap Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in Wrap Stock, please use our How to Invest in Wrap Technologies guide.At this time, Wrap Technologies' Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 06/06/2024, Enterprise Value is likely to grow to about 129.7 M, while Selling General Administrative is likely to drop slightly above 9.8 M.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	32.2M	25.8M	29.6M	16.2M
Depreciation And Amortization	447K	762K	876.3K	920.1K

Other Operating Expenses Depreciation And Amortization

Wrap Technologies fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Property Plant Equipment	Net Invested Capital
Total Assets		0.73	0.87	1.0	1.0	0.82	-0.63	-0.8	0.91	0.68	0.8	0.51	0.76	0.99	0.94	0.9	0.59	0.88	0.92	0.88	0.85	0.84	1.0	0.94	0.83	1.0
Other Current Liab	0.73		0.97	0.71	0.69	0.95	-0.2	-0.96	0.92	0.34	0.99	0.95	0.84	0.65	0.83	0.82	0.9	0.96	0.93	0.96	0.97	0.89	0.71	0.85	0.88	0.73
Total Current Liabilities	0.87	0.97		0.85	0.84	0.98	-0.35	-0.98	0.98	0.47	0.99	0.86	0.83	0.8	0.91	0.89	0.85	1.0	0.99	1.0	1.0	0.96	0.85	0.93	0.95	0.87
Total Stockholder Equity	1.0	0.71	0.85		1.0	0.8	-0.65	-0.78	0.9	0.69	0.78	0.49	0.75	0.99	0.93	0.89	0.57	0.87	0.91	0.87	0.83	0.82	1.0	0.93	0.82	1.0
Net Tangible Assets	1.0	0.69	0.84	1.0		0.79	-0.67	-0.76	0.89	0.71	0.76	0.47	0.74	1.0	0.92	0.88	0.56	0.86	0.9	0.85	0.82	0.81	1.0	0.92	0.81	1.0
Property Plant And Equipment Net	0.82	0.95	0.98	0.8	0.79		-0.3	-0.98	0.97	0.43	0.99	0.86	0.74	0.74	0.89	0.88	0.85	0.98	0.96	0.98	0.99	0.98	0.8	0.9	0.98	0.81
Net Debt	-0.63	-0.2	-0.35	-0.65	-0.67	-0.3		0.24	-0.36	-0.98	-0.24	-0.09	-0.43	-0.7	-0.55	-0.57	-0.33	-0.37	-0.39	-0.37	-0.34	-0.28	-0.66	-0.55	-0.33	-0.62
Retained Earnings	-0.8	-0.96	-0.98	-0.78	-0.76	-0.98	0.24		-0.96	-0.35	-0.99	-0.87	-0.76	-0.72	-0.89	-0.88	-0.86	-0.97	-0.95	-0.97	-0.98	-0.96	-0.78	-0.91	-0.95	-0.79
Accounts Payable	0.91	0.92	0.98	0.9	0.89	0.97	-0.36	-0.96		0.47	0.97	0.76	0.78	0.86	0.92	0.89	0.77	0.99	1.0	0.99	0.98	0.97	0.9	0.93	0.96	0.91
Cash	0.68	0.34	0.47	0.69	0.71	0.43	-0.98	-0.35	0.47		0.37	0.24	0.53	0.73	0.61	0.63	0.47	0.49	0.5	0.49	0.46	0.39	0.7	0.61	0.44	0.67
Non Current Assets Total	0.8	0.99	0.99	0.78	0.76	0.99	-0.24	-0.99	0.97	0.37		0.9	0.8	0.72	0.88	0.86	0.87	0.99	0.97	0.99	0.99	0.95	0.78	0.89	0.94	0.8
Non Currrent Assets Other	0.51	0.95	0.86	0.49	0.47	0.86	-0.09	-0.87	0.76	0.24	0.9		0.76	0.41	0.68	0.69	0.93	0.83	0.78	0.84	0.87	0.76	0.48	0.7	0.76	0.51
Other Assets	0.76	0.84	0.83	0.75	0.74	0.74	-0.43	-0.76	0.78	0.53	0.8	0.76		0.72	0.75	0.71	0.7	0.81	0.83	0.82	0.83	0.65	0.75	0.76	0.64	0.77
Cash And Short Term Investments	0.99	0.65	0.8	0.99	1.0	0.74	-0.7	-0.72	0.86	0.73	0.72	0.41	0.72		0.88	0.85	0.52	0.83	0.87	0.82	0.78	0.77	0.99	0.88	0.77	0.99
Common Stock Total Equity	0.94	0.83	0.91	0.93	0.92	0.89	-0.55	-0.89	0.92	0.61	0.88	0.68	0.75	0.88		0.99	0.77	0.92	0.92	0.92	0.91	0.88	0.92	1.0	0.89	0.91
Common Stock Shares Outstanding	0.9	0.82	0.89	0.89	0.88	0.88	-0.57	-0.88	0.89	0.63	0.86	0.69	0.71	0.85	0.99		0.79	0.9	0.89	0.9	0.89	0.87	0.89	0.99	0.88	0.87
Non Current Liabilities Total	0.59	0.9	0.85	0.57	0.56	0.85	-0.33	-0.86	0.77	0.47	0.87	0.93	0.7	0.52	0.77	0.79		0.84	0.78	0.84	0.86	0.76	0.57	0.79	0.77	0.58
Capital Surpluse	0.88	0.96	1.0	0.87	0.86	0.98	-0.37	-0.97	0.99	0.49	0.99	0.83	0.81	0.83	0.92	0.9	0.84		0.99	1.0	1.0	0.96	0.87	0.94	0.96	0.88
Other Current Assets	0.92	0.93	0.99	0.91	0.9	0.96	-0.39	-0.95	1.0	0.5	0.97	0.78	0.83	0.87	0.92	0.89	0.78	0.99		0.99	0.98	0.95	0.91	0.93	0.94	0.92
Other Stockholder Equity	0.88	0.96	1.0	0.87	0.85	0.98	-0.37	-0.97	0.99	0.49	0.99	0.84	0.82	0.82	0.92	0.9	0.84	1.0	0.99		1.0	0.96	0.86	0.94	0.95	0.88
Total Liab	0.85	0.97	1.0	0.83	0.82	0.99	-0.34	-0.98	0.98	0.46	0.99	0.87	0.83	0.78	0.91	0.89	0.86	1.0	0.98	1.0		0.95	0.83	0.92	0.95	0.85
Property Plant And Equipment Gross	0.84	0.89	0.96	0.82	0.81	0.98	-0.28	-0.96	0.97	0.39	0.95	0.76	0.65	0.77	0.88	0.87	0.76	0.96	0.95	0.96	0.95		0.82	0.89	1.0	0.83
Total Current Assets	1.0	0.71	0.85	1.0	1.0	0.8	-0.66	-0.78	0.9	0.7	0.78	0.48	0.75	0.99	0.92	0.89	0.57	0.87	0.91	0.86	0.83	0.82		0.92	0.82	1.0
Common Stock	0.94	0.85	0.93	0.93	0.92	0.9	-0.55	-0.91	0.93	0.61	0.89	0.7	0.76	0.88	1.0	0.99	0.79	0.94	0.93	0.94	0.92	0.89	0.92		0.9	0.92
Property Plant Equipment	0.83	0.88	0.95	0.82	0.81	0.98	-0.33	-0.95	0.96	0.44	0.94	0.76	0.64	0.77	0.89	0.88	0.77	0.96	0.94	0.95	0.95	1.0	0.82	0.9		0.83
Net Invested Capital	1.0	0.73	0.87	1.0	1.0	0.81	-0.62	-0.79	0.91	0.67	0.8	0.51	0.77	0.99	0.91	0.87	0.58	0.88	0.92	0.88	0.85	0.83	1.0	0.92	0.83

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Wrap Technologies Account Relationship Matchups

Wrap Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	20.4M	48.8M	44.2M	30.6M	35.2M	25.2M
Other Current Liab	194.3K	720.7K	824K	1.5M	1.7M	1.8M
Total Current Liabilities	1.1M	2.3M	2.9M	3.2M	3.6M	3.8M
Total Stockholder Equity	19.2M	46.4M	41.3M	27.1M	31.1M	23.5M
Net Tangible Assets	19.0M	45.0M	39.3M	24.5M	28.2M	22.5M
Property Plant And Equipment Net	503.8K	496K	1.0M	1.0M	1.2M	1.3M
Net Debt	(16.7M)	(16.3M)	(4.9M)	(5.0M)	(4.5M)	(4.8M)
Retained Earnings	(12.7M)	(25.3M)	(49.8M)	(67.4M)	(60.6M)	(57.6M)
Accounts Payable	407.0K	1.2M	1.8M	1.4M	1.6M	1.7M
Cash	17.0M	16.6M	4.9M	5.3M	6.1M	9.4M
Non Current Assets Total	746.8K	1.9M	3.0M	3.7M	4.3M	4.5M
Non Currrent Assets Other	12.7K	13K	9K	100K	115K	120.8K
Other Assets	12.7K	151.8K	9K	100K	115K	120.8K
Cash And Short Term Investments	17.0M	41.6M	34.9M	19.3M	22.2M	20.2M
Common Stock Total Equity	2.7K	3.0K	3.8K	4K	4.6K	3.2K
Common Stock Shares Outstanding	28.7M	33.8M	39.3M	41.2M	47.4M	30.9M
Liabilities And Stockholders Equity	20.4M	48.8M	44.2M	30.6M	35.2M	25.2M
Non Current Liabilities Total	150.0K	79K	110K	360K	414K	434.7K
Capital Surpluse	16.8M	31.9M	71.7M	94.3M	108.5M	113.9M
Inventory	2.2M	2.7M	1.6M	4.0M	4.6M	4.8M
Other Current Assets	250.9K	760K	868K	775K	891.3K	935.8K
Other Stockholder Equity	31.9M	71.7M	91.0M	94.3M	108.5M	113.9M
Total Liab	1.2M	2.4M	3.0M	3.5M	4.0M	4.2M
Property Plant And Equipment Gross	503.8K	496.4K	1.5M	1.0M	1.2M	1.3M
Total Current Assets	19.7M	46.9M	41.2M	26.9M	30.9M	23.7M
Accumulated Other Comprehensive Income	(72.7K)	14.8K	(6K)	94K	108.1K	113.5K
Common Stock	2.7K	3.0K	3.8K	4K	4.6K	3.4K
Property Plant Equipment	503.8K	357.3K	1.0M	758K	871.7K	915.3K
Net Invested Capital	19.2M	46.4M	41.3M	27.1M	31.1M	27.4M
Net Working Capital	18.6M	44.6M	38.4M	23.7M	27.3M	25.8M
Net Receivables	195.3K	1.9M	3.9M	2.8M	3.3M	1.9M
Intangible Assets	230.3K	1.4M	2.0M	2.6M	2.3M	2.2M

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Wrap Retained Earnings vs Good Will Analysis

Retained Earnings vs Good Will

Retained Earnings vs Good Will Correlation Analysis

Correlation Coefficient

Retained Earnings

Good Will

Wrap Technologies fundamental ratios Correlations

Wrap Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wrap Technologies fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for Wrap Stock Analysis

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Total Stockholder Equity	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Capital Surpluse	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Total Current Liabilities

Non Current Assets Total	- 0.99	Retained Earnings
Total Liab	- 0.98	Retained Earnings
Cash	- 0.98	Net Debt
Retained Earnings	- 0.98	Property Plant And Equipment Net
Retained Earnings	- 0.98	Total Current Liabilities
Other Stockholder Equity	- 0.97	Retained Earnings