Grid Change To Inventory vs Free Cash Flow Analysis

GDYN Stock

USD 20.53 0.11 0.54%

Grid Dynamics financial indicator trend analysis is much more than just examining Grid Dynamics Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grid Dynamics Holdings is a good investment. Please check the relationship between Grid Dynamics Change To Inventory and its Free Cash Flow accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grid Dynamics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Change To Inventory vs Free Cash Flow

Change To Inventory vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grid Dynamics Holdings Change To Inventory account and Free Cash Flow. At this time, the significance of the direction appears to have strong relationship.

The correlation between Grid Dynamics' Change To Inventory and Free Cash Flow is 0.72. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Grid Dynamics Holdings, assuming nothing else is changed. The correlation between historical values of Grid Dynamics' Change To Inventory and Free Cash Flow 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 Inventory of Grid Dynamics Holdings are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Inventory i.e., Grid Dynamics' Change To Inventory and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Change To Inventory

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

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Grid Dynamics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grid Dynamics Holdings 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 Grid Dynamics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

As of the 26th of December 2024, Tax Provision is likely to grow to about 10 M, while Selling General Administrative is likely to drop about 53.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	87.7M	120.6M	113.1M	75.5M
Total Revenue	211.3M	310.5M	312.9M	192.8M

Gross Profit Total Revenue

Grid Dynamics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Good Will	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Intangible Assets	Property Plant Equipment	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Non Current Assets Total	Cash And Short Term Investments	Capital Surpluse	Inventory	Other Stockholder Equity	Net Invested Capital
Total Assets		0.77	0.99	1.0	0.92	-0.79	0.99	1.0	0.9	0.98	0.92	0.68	0.74	0.99	1.0	0.91	0.9	0.83	0.64	-0.96	0.99	1.0	0.92	-0.19	1.0	1.0
Other Current Liab	0.77		0.74	0.78	0.68	-0.56	0.74	0.77	0.67	0.79	0.74	0.56	0.42	0.71	0.78	0.75	0.61	0.49	0.24	-0.75	0.76	0.78	0.81	0.13	0.77	0.78
Total Current Liabilities	0.99	0.74		0.99	0.91	-0.83	0.99	0.98	0.85	0.99	0.92	0.73	0.77	0.99	0.99	0.91	0.9	0.85	0.66	-0.94	0.99	0.99	0.9	-0.22	0.99	0.99
Total Stockholder Equity	1.0	0.78	0.99		0.92	-0.79	0.98	1.0	0.91	0.98	0.92	0.68	0.74	0.98	1.0	0.91	0.89	0.83	0.64	-0.96	0.99	1.0	0.93	-0.19	1.0	1.0
Net Tangible Assets	0.92	0.68	0.91	0.92		-0.88	0.9	0.92	0.83	0.9	0.99	0.63	0.89	0.91	0.92	0.98	0.99	0.96	0.84	-0.99	0.93	0.94	0.97	-0.41	0.93	0.94
Retained Earnings	-0.79	-0.56	-0.83	-0.79	-0.88		-0.81	-0.78	-0.61	-0.77	-0.87	-0.84	-0.96	-0.78	-0.79	-0.85	-0.9	-0.92	-0.8	0.86	-0.82	-0.81	-0.79	0.44	-0.84	-0.82
Accounts Payable	0.99	0.74	0.99	0.98	0.9	-0.81		0.98	0.83	0.99	0.9	0.68	0.75	0.99	0.99	0.88	0.9	0.84	0.61	-0.94	0.97	0.98	0.88	-0.12	0.98	0.98
Cash	1.0	0.77	0.98	1.0	0.92	-0.78	0.98		0.92	0.97	0.92	0.65	0.73	0.98	1.0	0.9	0.89	0.83	0.62	-0.96	0.98	1.0	0.92	-0.16	0.99	1.0
Other Assets	0.9	0.67	0.85	0.91	0.83	-0.61	0.83	0.92		0.81	0.8	0.48	0.57	0.85	0.91	0.79	0.78	0.7	0.56	-0.87	0.88	0.91	0.85	-0.16	0.89	0.9
Net Receivables	0.98	0.79	0.99	0.98	0.9	-0.77	0.99	0.97	0.81		0.92	0.67	0.72	0.98	0.98	0.91	0.88	0.82	0.61	-0.94	0.97	0.97	0.91	-0.16	0.97	0.98
Good Will	0.92	0.74	0.92	0.92	0.99	-0.87	0.9	0.92	0.8	0.92		0.68	0.87	0.91	0.92	1.0	0.97	0.94	0.81	-0.98	0.94	0.93	0.98	-0.42	0.94	0.94
Common Stock Shares Outstanding	0.68	0.56	0.73	0.68	0.63	-0.84	0.68	0.65	0.48	0.67	0.68		0.7	0.63	0.66	0.67	0.63	0.64	0.53	-0.64	0.73	0.66	0.61	-0.36	0.73	0.69
Other Current Assets	0.74	0.42	0.77	0.74	0.89	-0.96	0.75	0.73	0.57	0.72	0.87	0.7		0.75	0.74	0.86	0.92	0.96	0.91	-0.84	0.78	0.76	0.78	-0.58	0.78	0.77
Total Liab	0.99	0.71	0.99	0.98	0.91	-0.78	0.99	0.98	0.85	0.98	0.91	0.63	0.75		0.99	0.9	0.9	0.85	0.66	-0.94	0.98	0.98	0.89	-0.19	0.98	0.98
Total Current Assets	1.0	0.78	0.99	1.0	0.92	-0.79	0.99	1.0	0.91	0.98	0.92	0.66	0.74	0.99		0.91	0.9	0.83	0.63	-0.96	0.99	1.0	0.92	-0.16	0.99	1.0
Intangible Assets	0.91	0.75	0.91	0.91	0.98	-0.85	0.88	0.9	0.79	0.91	1.0	0.67	0.86	0.9	0.91		0.96	0.92	0.82	-0.97	0.94	0.92	0.99	-0.45	0.92	0.93
Property Plant Equipment	0.9	0.61	0.9	0.89	0.99	-0.9	0.9	0.89	0.78	0.88	0.97	0.63	0.92	0.9	0.9	0.96		0.99	0.87	-0.97	0.91	0.91	0.93	-0.43	0.91	0.91
Property Plant And Equipment Net	0.83	0.49	0.85	0.83	0.96	-0.92	0.84	0.83	0.7	0.82	0.94	0.64	0.96	0.85	0.83	0.92	0.99		0.92	-0.92	0.86	0.85	0.87	-0.53	0.85	0.85
Current Deferred Revenue	0.64	0.24	0.66	0.64	0.84	-0.8	0.61	0.62	0.56	0.61	0.81	0.53	0.91	0.66	0.63	0.82	0.87	0.92		-0.76	0.7	0.66	0.74	-0.81	0.66	0.67
Net Debt	-0.96	-0.75	-0.94	-0.96	-0.99	0.86	-0.94	-0.96	-0.87	-0.94	-0.98	-0.64	-0.84	-0.94	-0.96	-0.97	-0.97	-0.92	-0.76		-0.96	-0.97	-0.97	0.3	-0.96	-0.97
Non Current Assets Total	0.99	0.76	0.99	0.99	0.93	-0.82	0.97	0.98	0.88	0.97	0.94	0.73	0.78	0.98	0.99	0.94	0.91	0.86	0.7	-0.96		0.99	0.94	-0.29	0.99	0.99
Cash And Short Term Investments	1.0	0.78	0.99	1.0	0.94	-0.81	0.98	1.0	0.91	0.97	0.93	0.66	0.76	0.98	1.0	0.92	0.91	0.85	0.66	-0.97	0.99		0.93	-0.19	1.0	1.0
Capital Surpluse	0.92	0.81	0.9	0.93	0.97	-0.79	0.88	0.92	0.85	0.91	0.98	0.61	0.78	0.89	0.92	0.99	0.93	0.87	0.74	-0.97	0.94	0.93		-0.36	0.93	0.94
Inventory	-0.19	0.13	-0.22	-0.19	-0.41	0.44	-0.12	-0.16	-0.16	-0.16	-0.42	-0.36	-0.58	-0.19	-0.16	-0.45	-0.43	-0.53	-0.81	0.3	-0.29	-0.19	-0.36		-0.22	-0.22
Other Stockholder Equity	1.0	0.77	0.99	1.0	0.93	-0.84	0.98	0.99	0.89	0.97	0.94	0.73	0.78	0.98	0.99	0.92	0.91	0.85	0.66	-0.96	0.99	1.0	0.93	-0.22		1.0
Net Invested Capital	1.0	0.78	0.99	1.0	0.94	-0.82	0.98	1.0	0.9	0.98	0.94	0.69	0.77	0.98	1.0	0.93	0.91	0.85	0.67	-0.97	0.99	1.0	0.94	-0.22	1.0

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Grid Dynamics Account Relationship Matchups

Grid Dynamics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	71.5M	167.1M	256.7M	411.1M	435.2M	222.3M
Other Current Liab	786K	11.3M	21.3M	20.5M	8.6M	10.6M
Total Current Liabilities	8.3M	13.3M	25.3M	38.7M	42.2M	22.5M
Total Stockholder Equity	54.0M	151.7M	227.1M	363.0M	382.9M	194.3M
Net Tangible Assets	52.9M	128.9M	172.0M	295.7M	340.0M	357.0M
Retained Earnings	35.4M	22.8M	15.1M	(14.1M)	(15.9M)	(15.1M)
Accounts Payable	768K	757K	2.1M	3.9M	3.6M	1.9M
Cash	42.2M	112.7M	144.4M	256.7M	257.2M	132.2M
Other Assets	1.5M	5.6M	2.7M	5.2M	6.0M	3.0M
Net Receivables	18.9M	18.7M	43.3M	53.9M	53.6M	34.3M
Good Will	0.0	14.7M	36.0M	45.5M	53.9M	56.6M
Common Stock Shares Outstanding	21.1M	44.7M	58.7M	69.2M	75.2M	58.2M
Other Current Assets	2.7M	3.2M	5.1M	12.4M	17.2M	18.1M
Total Liab	17.5M	15.4M	29.7M	48.1M	52.3M	28.0M
Total Current Assets	66.0M	134.6M	192.8M	323.1M	324.0M	173.9M
Intangible Assets	18K	8.1M	19.1M	20.4M	26.5M	27.9M
Property Plant Equipment	2.9M	4.1M	6.2M	14.4M	16.6M	17.4M
Property Plant And Equipment Net	4.0M	4.1M	6.2M	15.9M	21.8M	22.9M
Current Deferred Revenue	242K	731K	798K	1.9M	12.7M	13.3M
Net Debt	(42.2M)	(112.7M)	(144.4M)	(248.6M)	(246.2M)	(233.9M)
Non Current Assets Total	5.5M	32.5M	64.0M	88.0M	111.2M	56.0M
Cash And Short Term Investments	42.2M	112.7M	144.4M	256.7M	257.2M	152.4M
Liabilities And Stockholders Equity	71.5M	167.1M	256.7M	411.1M	435.2M	253.6M
Non Current Liabilities Total	9.2M	2.1M	4.3M	9.4M	10.0M	6.4M
Inventory	2.2M	821K	584K	4.3M	(4.0M)	(3.8M)
Other Stockholder Equity	10.5M	128.9M	212.1M	378.0M	397.5M	208.7M
Net Invested Capital	54.0M	151.7M	227.1M	363.0M	382.9M	222.2M
Property Plant And Equipment Gross	4.0M	2.8M	17.9M	15.9M	29.2M	30.6M
Accumulated Other Comprehensive Income	(9.2M)	(4K)	(126K)	(848K)	1.3M	1.3M
Net Working Capital	57.7M	121.3M	167.4M	284.4M	281.8M	172.6M
Short Term Debt	6.5M	8.6M	12.9M	2.5M	8.5M	8.4M

When determining whether Grid Dynamics Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Grid Dynamics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Grid Dynamics Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Grid Dynamics Holdings Stock:

How To Invest In Grid

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Is Grid Stock a good investment?

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What is Grid Dynamics' Net Worth?

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Largest Internet Services & Infrastructure Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grid Dynamics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Is Internet Services & Infrastructure 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 Grid Dynamics. If investors know Grid 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 Grid Dynamics 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

4.582

Earnings Share

0.03

Revenue Per Share

4.304

Quarterly Revenue Growth

0.129

Return On Assets

(0.0004)

The market value of Grid Dynamics Holdings is measured differently than its book value, which is the value of Grid that is recorded on the company's balance sheet. Investors also form their own opinion of Grid Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Grid Dynamics' 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 Grid Dynamics' market value can be influenced by many factors that don't directly affect Grid Dynamics' 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 Grid Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Grid Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grid Dynamics' 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.

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Grid Change To Inventory vs Free Cash Flow Analysis

Change To Inventory vs Free Cash Flow

Change To Inventory vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Change To Inventory

Free Cash Flow

Grid Dynamics fundamental ratios Correlations

Grid Dynamics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Grid Dynamics fundamental ratios Accounts

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets

Net Debt	- 0.99	Net Tangible Assets
Net Debt	- 0.98	Good Will
Net Invested Capital	- 0.97	Net Debt
Capital Surpluse	- 0.97	Net Debt
Cash And Short Term Investments	- 0.97	Net Debt
Net Debt	- 0.97	Property Plant Equipment