Genesco Capital Expenditures vs Depreciation Analysis
GCO Stock | USD 40.92 0.36 0.87% |
Genesco financial indicator trend analysis is much more than just examining Genesco latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Genesco is a good investment. Please check the relationship between Genesco Capital Expenditures and its Depreciation accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genesco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Genesco Stock, please use our How to Invest in Genesco guide.
Capital Expenditures vs Depreciation
Capital Expenditures vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Genesco Capital Expenditures account and Depreciation. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Genesco's Capital Expenditures and Depreciation is 0.83. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Genesco, assuming nothing else is changed. The correlation between historical values of Genesco's Capital Expenditures and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Genesco are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., Genesco's Capital Expenditures and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Capital Expenditures
Capital Expenditures are funds used by Genesco to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Genesco operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Depreciation
Depreciation indicates how much of Genesco value has been used up. For tax purposes Genesco can deduct the cost of the tangible assets it purchases as business expenses. However, Genesco must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Most indicators from Genesco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Genesco 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 Genesco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Genesco Stock, please use our How to Invest in Genesco guide.As of the 24th of December 2024, Selling General Administrative is likely to drop to about 549.7 M. In addition to that, Discontinued Operations is likely to drop to about (309 K)
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.2B | 1.1B | 1.1B | 716.3M | Total Revenue | 2.4B | 2.4B | 2.3B | 1.5B |
Genesco fundamental ratios Correlations
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Genesco Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Genesco fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 1.6B | 1.6B | 1.5B | 1.3B | 839.9M | |
Short Long Term Debt Total | 805.0M | 734.0M | 632.6M | 580.4M | 522.9M | 549.1M | |
Other Current Liab | 83.5M | 62.7M | (30.9M) | 67.5M | 74.5M | 69.2M | |
Total Current Liabilities | 361.9M | 402.9M | 431.7M | 360.8M | 319.5M | 190.9M | |
Total Stockholder Equity | 619.3M | 566.8M | 602.5M | 607.0M | 571.2M | 422.8M | |
Property Plant And Equipment Net | 973.4M | 829.6M | 760.1M | 704.7M | 677.2M | 711.0M | |
Net Debt | 723.6M | 518.9M | 312.1M | 532.4M | 487.8M | 512.2M | |
Retained Earnings | 378.6M | 320.9M | 350.2M | 346.9M | 296.8M | 268.2M | |
Cash | 81.4M | 215.1M | 320.5M | 48.0M | 35.2M | 67.3M | |
Non Current Assets Total | 1.2B | 919.8M | 852.3M | 883.8M | 822.5M | 863.7M | |
Non Currrent Assets Other | 40.4M | 20.7M | 22.3M | 84.9M | 82.3M | 82.9M | |
Cash And Short Term Investments | 81.4M | 215.1M | 320.5M | 48.0M | 35.2M | 67.3M | |
Net Receivables | 29.2M | 31.4M | 39.5M | 40.8M | 53.6M | 34.4M | |
Common Stock Shares Outstanding | 15.7M | 14.2M | 14.5M | 12.7M | 11.2M | 17.3M | |
Liabilities And Stockholders Equity | 1.7B | 1.6B | 1.6B | 1.5B | 1.3B | 839.9M | |
Non Current Liabilities Total | 699.2M | 617.7M | 527.9M | 488.7M | 439.2M | 226.2M | |
Inventory | 365.3M | 291.0M | 278.2M | 458.0M | 379.0M | 286.4M | |
Other Current Assets | 32.3M | 260.3M | 71.6M | 25.8M | 39.6M | 43.1M | |
Other Stockholder Equity | 256.2M | 264.5M | 273.6M | 287.4M | 301.3M | 180.3M | |
Total Liab | 1.1B | 1.0B | 959.6M | 849.5M | 758.7M | 417.1M | |
Property Plant And Equipment Gross | 973.4M | 829.6M | 760.1M | 704.7M | 1.2B | 1.3B | |
Total Current Assets | 508.2M | 667.6M | 709.8M | 572.7M | 507.4M | 442.6M | |
Accumulated Other Comprehensive Income | (31.7M) | (35.1M) | (36.4M) | (41.2M) | (39.6M) | (41.6M) | |
Short Term Debt | 142.7M | 173.5M | 290.2M | 134.5M | 129.2M | 135.6M | |
Common Stock | 15.2M | 15.4M | 14.3M | 13.1M | 12.0M | 17.5M | |
Intangible Assets | 36.4M | 30.9M | 29.9M | 27.4M | 27.3M | 50.1M | |
Current Deferred Revenue | 25.1M | 19.5M | 19.5M | 28.6M | 1.2M | 1.2M | |
Accounts Payable | 135.8M | 150.4M | 152.5M | 145.0M | 114.6M | 113.8M | |
Common Stock Total Equity | 20.4M | 19.6M | 15.2M | 15.4M | 13.9M | 17.8M | |
Other Liab | 36.9M | 57.1M | 40.3M | 42.7M | 49.1M | 46.7M | |
Other Assets | 40.4M | 20.7M | 23.8M | 113.5M | 130.5M | 137.0M | |
Long Term Debt | 14.4M | 33.0M | 15.7M | 44.9M | 34.7M | 60.1M | |
Property Plant Equipment | 238.3M | 829.6M | 760.1M | 704.7M | 810.4M | 851.0M | |
Good Will | 122.2M | 38.6M | 38.6M | 38.1M | 9.6M | 9.1M | |
Net Tangible Assets | 642.5M | 490.8M | 497.3M | 534.1M | 614.2M | 639.3M | |
Long Term Debt Total | 14.4M | 33.0M | 15.7M | 44.9M | 40.4M | 36.2M | |
Capital Surpluse | 274.1M | 282.3M | 291.4M | 305.3M | 351.0M | 261.2M |
Pair Trading with Genesco
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Genesco position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Genesco will appreciate offsetting losses from the drop in the long position's value.Moving together with Genesco Stock
Moving against Genesco Stock
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The ability to find closely correlated positions to Genesco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Genesco when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Genesco - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Genesco to buy it.
The correlation of Genesco is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Genesco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genesco moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Genesco can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genesco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Genesco Stock, please use our How to Invest in Genesco guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Specialty Retail space 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 Genesco. If investors know Genesco 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 Genesco 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 (3.11) | Revenue Per Share 210.709 | Quarterly Revenue Growth 0.004 | Return On Assets 0.0035 |
The market value of Genesco is measured differently than its book value, which is the value of Genesco that is recorded on the company's balance sheet. Investors also form their own opinion of Genesco's value that differs from its market value or its book value, called intrinsic value, which is Genesco'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 Genesco's market value can be influenced by many factors that don't directly affect Genesco'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 Genesco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Genesco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genesco'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.