GreenTech Change To Account Receivables vs Change To Inventory Analysis

688466 Stock

15.80 0.66 4.01%

GreenTech Environmental financial indicator trend analysis is much more than just examining GreenTech Environmental latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GreenTech Environmental is a good investment. Please check the relationship between GreenTech Environmental Change To Account Receivables and its Change To Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GreenTech Environmental Co. 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.

Change To Account Receivables vs Change To Inventory

Change To Account Receivables vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GreenTech Environmental Change To Account Receivables account and Change To Inventory. At this time, the significance of the direction appears to have almost no relationship.

The correlation between GreenTech Environmental's Change To Account Receivables and Change To Inventory is 0.17. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of GreenTech Environmental Co, assuming nothing else is changed. The correlation between historical values of GreenTech Environmental's Change To Account Receivables and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of GreenTech Environmental Co are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Change To Account Receivables i.e., GreenTech Environmental's Change To Account Receivables and Change To Inventory go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

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Change To Account Receivables

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Most indicators from GreenTech Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GreenTech Environmental 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in GreenTech Environmental Co. 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.

The current year's Selling General Administrative is expected to grow to about 39.7 M, whereas Tax Provision is forecasted to decline to about 10.2 M.

	2022	2023	2024	2025 (projected)
Gross Profit	228.8M	224.2M	257.8M	173.8M
Total Revenue	670.9M	572.8M	658.7M	508.3M

Gross Profit Total Revenue

GreenTech Environmental fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Non Currrent Assets Other
Total Assets		0.88	0.98	0.99	0.96	0.99	0.97	0.99	0.87	0.91	0.73	0.98	0.85	0.72	-0.35	0.99	0.93	0.9	0.93	0.47	0.98	0.82	0.93	0.76	0.77	0.86
Other Current Liab	0.88		0.95	0.89	0.9	0.9	0.95	0.91	0.71	0.81	0.51	0.9	0.95	0.51	-0.09	0.89	0.7	0.81	0.83	0.45	0.93	0.65	0.88	0.77	0.62	0.79
Total Current Liabilities	0.98	0.95		0.98	0.96	0.97	1.0	0.99	0.83	0.89	0.66	0.97	0.93	0.65	-0.2	0.99	0.87	0.9	0.91	0.51	0.99	0.77	0.97	0.78	0.72	0.86
Total Stockholder Equity	0.99	0.89	0.98		0.98	0.98	0.97	1.0	0.84	0.91	0.69	0.98	0.84	0.68	-0.4	0.98	0.92	0.88	0.94	0.51	0.99	0.79	0.93	0.81	0.73	0.91
Net Tangible Assets	0.96	0.9	0.96	0.98		0.93	0.96	0.98	0.77	0.86	0.59	0.98	0.85	0.57	-0.38	0.95	0.85	0.83	0.92	0.52	0.98	0.68	0.93	0.91	0.63	0.95
Retained Earnings	0.99	0.9	0.97	0.98	0.93		0.96	0.97	0.87	0.9	0.73	0.97	0.85	0.73	-0.32	0.98	0.89	0.9	0.91	0.46	0.97	0.83	0.9	0.72	0.78	0.82
Accounts Payable	0.97	0.95	1.0	0.97	0.96	0.96		0.98	0.81	0.89	0.64	0.97	0.93	0.63	-0.21	0.98	0.87	0.89	0.91	0.5	0.99	0.76	0.98	0.79	0.71	0.86
Cash	0.99	0.91	0.99	1.0	0.98	0.97	0.98		0.83	0.91	0.66	0.98	0.87	0.65	-0.35	0.99	0.9	0.88	0.94	0.54	1.0	0.77	0.95	0.82	0.71	0.92
Non Current Assets Total	0.87	0.71	0.83	0.84	0.77	0.87	0.81	0.83		0.91	0.96	0.84	0.69	0.96	-0.36	0.86	0.86	0.98	0.93	0.37	0.82	0.99	0.78	0.55	0.94	0.66
Other Assets	0.91	0.81	0.89	0.91	0.86	0.9	0.89	0.91	0.91		0.76	0.86	0.74	0.77	-0.45	0.9	0.89	0.92	0.97	0.62	0.9	0.89	0.84	0.63	0.79	0.83
Long Term Debt	0.73	0.51	0.66	0.69	0.59	0.73	0.64	0.66	0.96	0.76		0.7	0.52	1.0	-0.32	0.71	0.76	0.9	0.79	0.19	0.65	0.97	0.61	0.39	0.94	0.47
Net Receivables	0.98	0.9	0.97	0.98	0.98	0.97	0.97	0.98	0.84	0.86	0.7		0.89	0.68	-0.28	0.98	0.87	0.89	0.91	0.46	0.98	0.77	0.94	0.84	0.71	0.88
Good Will	0.85	0.95	0.93	0.84	0.85	0.85	0.93	0.87	0.69	0.74	0.52	0.89		0.52	0.11	0.89	0.67	0.8	0.76	0.41	0.89	0.63	0.91	0.72	0.58	0.73
Non Current Liabilities Total	0.72	0.51	0.65	0.68	0.57	0.73	0.63	0.65	0.96	0.77	1.0	0.68	0.52		-0.3	0.71	0.76	0.9	0.78	0.18	0.64	0.98	0.6	0.34	0.95	0.44
Inventory	-0.35	-0.09	-0.2	-0.4	-0.38	-0.32	-0.21	-0.35	-0.36	-0.45	-0.32	-0.28	0.11	-0.3		-0.25	-0.48	-0.25	-0.49	-0.21	-0.31	-0.34	-0.13	-0.31	-0.33	-0.49
Other Current Assets	0.99	0.89	0.99	0.98	0.95	0.98	0.98	0.99	0.86	0.9	0.71	0.98	0.89	0.71	-0.25		0.91	0.91	0.91	0.52	0.98	0.81	0.96	0.75	0.74	0.86
Other Stockholder Equity	0.93	0.7	0.87	0.92	0.85	0.89	0.87	0.9	0.86	0.89	0.76	0.87	0.67	0.76	-0.48	0.91		0.86	0.9	0.49	0.89	0.84	0.87	0.62	0.78	0.79
Total Liab	0.9	0.81	0.9	0.88	0.83	0.9	0.89	0.88	0.98	0.92	0.9	0.89	0.8	0.9	-0.25	0.91	0.86		0.94	0.4	0.89	0.96	0.86	0.63	0.91	0.71
Deferred Long Term Liab	0.93	0.83	0.91	0.94	0.92	0.91	0.91	0.94	0.93	0.97	0.79	0.91	0.76	0.78	-0.49	0.91	0.9	0.94		0.53	0.93	0.88	0.86	0.75	0.82	0.87
Short Long Term Debt	0.47	0.45	0.51	0.51	0.52	0.46	0.5	0.54	0.37	0.62	0.19	0.46	0.41	0.18	-0.21	0.52	0.49	0.4	0.53		0.52	0.32	0.5	0.44	0.08	0.69
Total Current Assets	0.98	0.93	0.99	0.99	0.98	0.97	0.99	1.0	0.82	0.9	0.65	0.98	0.89	0.64	-0.31	0.98	0.89	0.89	0.93	0.52		0.76	0.96	0.83	0.71	0.9
Intangible Assets	0.82	0.65	0.77	0.79	0.68	0.83	0.76	0.77	0.99	0.89	0.97	0.77	0.63	0.98	-0.34	0.81	0.84	0.96	0.88	0.32	0.76		0.71	0.43	0.96	0.57
Common Stock	0.93	0.88	0.97	0.93	0.93	0.9	0.98	0.95	0.78	0.84	0.61	0.94	0.91	0.6	-0.13	0.96	0.87	0.86	0.86	0.5	0.96	0.71		0.78	0.65	0.84
Property Plant Equipment	0.76	0.77	0.78	0.81	0.91	0.72	0.79	0.82	0.55	0.63	0.39	0.84	0.72	0.34	-0.31	0.75	0.62	0.63	0.75	0.44	0.83	0.43	0.78		0.39	0.89
Other Liab	0.77	0.62	0.72	0.73	0.63	0.78	0.71	0.71	0.94	0.79	0.94	0.71	0.58	0.95	-0.33	0.74	0.78	0.91	0.82	0.08	0.71	0.96	0.65	0.39		0.45
Non Currrent Assets Other	0.86	0.79	0.86	0.91	0.95	0.82	0.86	0.92	0.66	0.83	0.47	0.88	0.73	0.44	-0.49	0.86	0.79	0.71	0.87	0.69	0.9	0.57	0.84	0.89	0.45

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GreenTech Environmental Account Relationship Matchups

GreenTech Environmental fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.5B	1.7B	1.8B	2.1B	2.4B	1.2B
Other Current Liab	104.7M	110.0M	129.8M	95.7M	110.1M	89.7M
Total Current Liabilities	507.1M	574.3M	603.0M	599.4M	689.3M	445.9M
Total Stockholder Equity	965.5M	1.0B	1.1B	1.1B	1.3B	701.1M
Net Tangible Assets	301.7M	932.8M	743.5M	753.9M	866.9M	504.7M
Retained Earnings	246.3M	301.4M	340.0M	385.3M	443.1M	230.8M
Accounts Payable	362.5M	398.6M	443.0M	404.2M	464.9M	309.9M
Cash	450.4M	484.5M	470.1M	501.0M	576.1M	327.1M
Non Current Assets Total	275.0M	438.8M	548.2M	850.7M	978.3M	1.0B
Other Assets	3.6M	19.3M	50.9M	38.9M	44.7M	47.0M
Net Receivables	286.3M	237.9M	244.9M	299.9M	344.9M	209.2M
Non Current Liabilities Total	5.7M	50.5M	142.9M	329.8M	379.3M	398.2M
Inventory	64.7M	57.9M	52.3M	71.8M	64.6M	89.0M
Other Current Assets	67.4M	81.6M	75.9M	95.9M	110.3M	59.2M
Other Stockholder Equity	511.9K	491.3K	582.0K	637.5K	733.1K	606.3K
Total Liab	512.8M	624.9M	745.9M	929.2M	1.1B	1.1B
Short Long Term Debt	24M	53.5M	11.8M	21.3M	24.5M	24.3M
Total Current Assets	1.2B	1.2B	1.3B	1.3B	1.5B	921.5M
Intangible Assets	31.4M	292.6M	410.7M	653.2M	751.2M	788.7M
Property Plant Equipment	25.1M	68.1M	223.0M	100.0M	115.0M	86.1M
Other Liab	6.0M	5.7M	6.7M	31.7M	36.5M	38.3M
Net Invested Capital	989.5M	1.1B	1.2B	1.4B	1.7B	878.8M
Non Current Liabilities Other	10M	7M	4.0M	6.1M	5.4M	8.0M
Net Working Capital	705.6M	664.6M	698.2M	670.6M	771.2M	525.5M
Property Plant And Equipment Net	223.0M	100.0M	102.3M	152.7M	175.6M	142.1M
Property Plant And Equipment Gross	243.4M	123.6M	102.3M	194.5M	223.6M	164.9M

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Balance Sheet is a snapshot of the financial position of GreenTech Environmental at a specified time, usually calculated after every quarter, six months, or one year. GreenTech Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GreenTech Environmental and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which GreenTech currently owns. An asset can also be divided into two categories, current and non-current.

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GreenTech Change To Account Receivables vs Change To Inventory Analysis

Change To Account Receivables vs Change To Inventory

Change To Account Receivables vs Change To Inventory Correlation Analysis

Correlation Coefficient

Change To Account Receivables

Change To Inventory

GreenTech Environmental fundamental ratios Correlations

GreenTech Environmental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GreenTech Environmental fundamental ratios Accounts

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Other Information on Investing in GreenTech Stock

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Accounts Payable	+ 1.0	Total Current Liabilities
Cash	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Cash
Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets

Non Currrent Assets Other	- 0.49	Inventory
Deferred Long Term Liab	- 0.49	Inventory
Other Stockholder Equity	- 0.48	Inventory
Inventory	- 0.45	Other Assets
Inventory	- 0.4	Total Stockholder Equity
Inventory	- 0.38	Net Tangible Assets