GigaCloud Total Assets vs Total Revenue Analysis

GCT Stock  USD 19.69  0.27  1.35%   
GigaCloud Technology financial indicator trend analysis is much more than just examining GigaCloud Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GigaCloud Technology is a good investment. Please check the relationship between GigaCloud Technology Total Assets and its Total Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GigaCloud Technology Class. 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.

Total Assets vs Total Revenue

Total Assets vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GigaCloud Technology Total Assets account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between GigaCloud Technology's Total Assets and Total Revenue is 0.88. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Revenue in the same time period over historical financial statements of GigaCloud Technology Class, assuming nothing else is changed. The correlation between historical values of GigaCloud Technology's Total Assets and Total Revenue 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 Assets of GigaCloud Technology Class are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Assets i.e., GigaCloud Technology's Total Assets and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

Total Assets

Total assets refers to the total amount of GigaCloud Technology assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in GigaCloud Technology books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Revenue

Total revenue comprises all receipts GigaCloud Technology generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from GigaCloud Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GigaCloud Technology 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 GigaCloud Technology Class. 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.
At this time, GigaCloud Technology's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 1 B in 2024, whereas Tax Provision is likely to drop slightly above 9.1 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit89.6M83.1M188.6M100.9M
Total Revenue414.2M490.1M703.8M441.3M

GigaCloud Technology fundamental ratios Correlations

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GigaCloud Technology Account Relationship Matchups

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Additional Tools for GigaCloud Stock Analysis

When running GigaCloud Technology's price analysis, check to measure GigaCloud Technology'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 GigaCloud Technology is operating at the current time. Most of GigaCloud Technology's value examination focuses on studying past and present price action to predict the probability of GigaCloud Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GigaCloud Technology's price. Additionally, you may evaluate how the addition of GigaCloud Technology to your portfolios can decrease your overall portfolio volatility.