Wolverine Total Stockholder Equity vs Property Plant And Equipment Net Analysis
WWW Stock | USD 13.62 0.06 0.44% |
Wolverine World financial indicator trend analysis is more than just analyzing Wolverine World Wide current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wolverine World Wide is a good investment. Please check the relationship between Wolverine World Total Stockholder Equity and its Property Plant And Equipment Net accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolverine World Wide. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.
Total Stockholder Equity vs Property Plant And Equipment Net
Total Stockholder Equity vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wolverine World Wide Total Stockholder Equity account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Wolverine World's Total Stockholder Equity and Property Plant And Equipment Net is -0.07. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Wolverine World Wide, assuming nothing else is changed. The correlation between historical values of Wolverine World's Total Stockholder Equity and Property Plant And Equipment Net 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 Stockholder Equity of Wolverine World Wide are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Stockholder Equity i.e., Wolverine World's Total Stockholder Equity and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.07 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most indicators from Wolverine World's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wolverine World Wide 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 Wolverine World Wide. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. Selling General Administrative is likely to drop to about 367.6 M in 2024. Tax Provision is likely to climb to about (90.2 M) in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.0B | 1.1B | 872.5M | 509.3M | Total Revenue | 2.4B | 2.7B | 2.2B | 1.3B |
Wolverine World fundamental ratios Correlations
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Wolverine World Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wolverine World fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.5B | 2.1B | 2.6B | 2.5B | 2.1B | 1.2B | |
Short Long Term Debt Total | 979.7M | 886.8M | 1.1B | 1.4B | 1.1B | 1.1B | |
Total Current Liabilities | 787.4M | 406M | 759.6M | 1.1B | 869.4M | 912.9M | |
Total Stockholder Equity | 778.4M | 573M | 644.4M | 339M | 278.6M | 475.1M | |
Property Plant And Equipment Net | 301.8M | 267.1M | 267.2M | 310.9M | 214.5M | 117.8M | |
Net Debt | 799.1M | 539.4M | 961.6M | 1.2B | 908.9M | 954.3M | |
Retained Earnings | 1.3B | 1.1B | 1.1B | 907.2M | 834.8M | 565.3M | |
Cash | 180.6M | 347.4M | 161.7M | 131.5M | 179M | 111.0M | |
Non Current Assets Total | 1.5B | 1.2B | 1.7B | 1.2B | 1.0B | 568.3M | |
Non Currrent Assets Other | 167.7M | 141.4M | 140.8M | 126.9M | 68.9M | 90.3M | |
Cash And Short Term Investments | 180.6M | 347.4M | 161.7M | 131.5M | 179M | 111.0M | |
Net Receivables | 331.2M | 268.3M | 319.6M | 241.7M | 230.8M | 195.2M | |
Common Stock Shares Outstanding | 87.2M | 81M | 83.3M | 79.7M | 79.4M | 86.1M | |
Liabilities And Stockholders Equity | 2.5B | 2.1B | 2.6B | 2.5B | 2.1B | 1.2B | |
Non Current Liabilities Total | 914.2M | 1.2B | 1.2B | 1.0B | 893.4M | 938.1M | |
Inventory | 348.2M | 243.1M | 365.5M | 745.2M | 373.6M | 236.8M | |
Other Current Assets | 107.1M | 45.4M | 56.9M | 79M | 81.1M | 85.2M | |
Other Stockholder Equity | (491.1M) | (500.1M) | (496.5M) | (547.5M) | (527M) | (500.7M) | |
Total Liab | 1.7B | 1.6B | 1.9B | 2.2B | 1.8B | 1.9B | |
Property Plant And Equipment Gross | 301.8M | 267.1M | 267.2M | 310.9M | 469.7M | 493.2M | |
Total Current Assets | 967.1M | 904.2M | 903.7M | 1.3B | 1.0B | 584.3M | |
Accumulated Other Comprehensive Income | (102.1M) | (130.6M) | (98.9M) | (132.9M) | (142.2M) | (135.1M) | |
Intangible Assets | 682.3M | 455.3M | 792.7M | 341.4M | 209M | 282.2M | |
Short Term Debt | 406.6M | 44M | 273.3M | 474.1M | 349.7M | 367.2M | |
Current Deferred Revenue | (138.3M) | (178.7M) | 2M | 24.5M | 289.5M | 304.0M | |
Accounts Payable | 202.1M | 185M | 222.1M | 272.2M | 206M | 124.3M | |
Common Stock | 108.3M | 110.4M | 111.6M | 112.2M | 113M | 79.1M | |
Common Stock Total Equity | 108.3M | 110.4M | 111.6M | 112.2M | 129.0M | 78.5M | |
Good Will | 1.0B | 824.7M | 556.6M | 485M | 427.1M | 405.7M | |
Other Liab | 341.1M | 315.6M | 332.4M | 166.8M | 191.8M | 163.1M | |
Other Assets | 89.9M | 141.4M | 140.8M | 90.1M | 103.6M | 83.7M | |
Long Term Debt | 425.9M | 712.5M | 731.8M | 723M | 605.8M | 495.9M | |
Treasury Stock | (736.2M) | (764.3M) | (810.2M) | (891.3M) | (802.2M) | (762.1M) | |
Property Plant Equipment | 141M | 124.6M | 267.2M | 136.2M | 156.6M | 130.2M | |
Net Tangible Assets | (207.3M) | (206M) | (630.3M) | (352.2M) | (317.0M) | (301.1M) | |
Noncontrolling Interest In Consolidated Entity | 11.7M | 11.6M | 14.8M | 18.4M | 21.2M | 22.2M | |
Retained Earnings Total Equity | 1.3B | 1.1B | 1.1B | 907.2M | 1.0B | 1.1B | |
Long Term Debt Total | 425.9M | 712.5M | 731.8M | 723M | 650.7M | 568.7M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Wolverine World Wide is a strong investment it is important to analyze Wolverine World's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Wolverine World's future performance. For an informed investment choice regarding Wolverine Stock, refer to the following important reports:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolverine World Wide. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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Is Wolverine World'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 Wolverine World. If investors know Wolverine 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 Wolverine World 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 (0.78) | Dividend Share 0.4 | Earnings Share (0.93) | Revenue Per Share 25.624 | Quarterly Revenue Growth (0.34) |
The market value of Wolverine World Wide is measured differently than its book value, which is the value of Wolverine that is recorded on the company's balance sheet. Investors also form their own opinion of Wolverine World's value that differs from its market value or its book value, called intrinsic value, which is Wolverine World'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 Wolverine World's market value can be influenced by many factors that don't directly affect Wolverine World'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 Wolverine World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wolverine World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wolverine World'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.