GigaCloud Total Current Assets vs Other Assets Analysis

GCT Stock  USD 18.08  0.03  0.17%   
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 Current Assets and its Other Assets 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 Current Assets vs Other Assets

JavaScript chart by amCharts 3.21.1520142016201820202022202460M80M100M120M140M160M180M200M220M240M260M280M300M320M340M360M380M 100K1M10M
JavaScript chart by amCharts 3.21.15Total Current Assetstotal: 1.5BOther Assetstotal: 16M

Total Current Assets vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GigaCloud Technology Total Current Assets account and Other Assets. At this time, the significance of the direction appears to have very strong relationship.
Total Current AssetsOther AssetsDiversified AwayTotal Current AssetsOther AssetsDiversified Away100%
The correlation between GigaCloud Technology's Total Current Assets and Other Assets is 0.89. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Assets 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 Current Assets and Other Assets 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 Current Assets of GigaCloud Technology Class are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Total Current Assets i.e., GigaCloud Technology's Total Current Assets and Other Assets go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Other Assets

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

Thematic Opportunities

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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.