GMBREW Selling General Administrative vs Income Tax Expense Analysis

GMBREW Stock   806.00  7.45  0.93%   
GM Breweries financial indicator trend analysis is much more than just examining GM Breweries Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GM Breweries Limited is a good investment. Please check the relationship between GM Breweries Selling General Administrative and its Income Tax Expense accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GM Breweries Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Selling General Administrative vs Income Tax Expense

Selling General Administrative vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GM Breweries Limited Selling General Administrative account and Income Tax Expense. At this time, the significance of the direction appears to have almost no relationship.
The correlation between GM Breweries' Selling General Administrative and Income Tax Expense is 0.12. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of GM Breweries Limited, assuming nothing else is changed. The correlation between historical values of GM Breweries' Selling General Administrative and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of GM Breweries Limited are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Selling General Administrative i.e., GM Breweries' Selling General Administrative and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.12
Relationship DirectionPositive 
Relationship StrengthInsignificant

Selling General Administrative

Income Tax Expense

Most indicators from GM Breweries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GM Breweries Limited 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 GM Breweries Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
The current year's Selling General Administrative is expected to grow to about 118.6 M, whereas Tax Provision is forecasted to decline to about 232.1 M.
 2021 2022 2023 2024 (projected)
Interest Expense100K400K3.7M3.5M
Depreciation And Amortization50.0M47.3M61.3M51.8M

GM Breweries fundamental ratios Correlations

0.40.570.381.0-0.48-0.25-0.181.0-0.140.20.27-0.3-0.540.770.85-0.070.210.940.780.46-0.550.99-0.090.3-0.89
0.4-0.040.10.41-0.18-0.050.040.4-0.070.240.21-0.08-0.030.460.21-0.110.060.40.6-0.09-0.580.37-0.4-0.29-0.3
0.57-0.040.660.55-0.18-0.24-0.070.560.110.210.24-0.18-0.30.680.480.170.490.630.46-0.1-0.240.54-0.250.3-0.61
0.380.10.660.320.080.16-0.080.380.280.0-0.06-0.120.040.490.430.210.920.370.18-0.110.180.31-0.040.35-0.42
1.00.410.550.32-0.5-0.29-0.171.0-0.180.220.29-0.28-0.580.760.83-0.090.130.940.80.47-0.591.0-0.080.28-0.89
-0.48-0.18-0.180.08-0.50.26-0.16-0.46-0.14-0.35-0.16-0.140.12-0.5-0.44-0.150.1-0.59-0.36-0.530.18-0.54-0.08-0.260.63
-0.25-0.05-0.240.16-0.290.26-0.77-0.23-0.15-0.710.01-0.080.65-0.07-0.23-0.160.38-0.39-0.3-0.010.66-0.270.090.150.11
-0.180.04-0.07-0.08-0.17-0.16-0.77-0.210.510.62-0.30.13-0.11-0.260.00.38-0.120.0-0.18-0.13-0.2-0.18-0.14-0.180.26
1.00.40.560.381.0-0.46-0.23-0.21-0.170.170.25-0.32-0.530.750.86-0.10.210.920.780.48-0.540.99-0.080.32-0.88
-0.14-0.070.110.28-0.18-0.14-0.150.51-0.170.23-0.28-0.220.28-0.150.160.940.360.04-0.43-0.10.29-0.15-0.060.220.16
0.20.240.210.00.22-0.35-0.710.620.170.23-0.010.23-0.40.280.10.14-0.160.410.25-0.17-0.530.19-0.15-0.15-0.21
0.270.210.24-0.060.29-0.160.01-0.30.25-0.28-0.010.29-0.270.5-0.18-0.04-0.170.390.49-0.3-0.340.240.02-0.49-0.41
-0.3-0.08-0.18-0.12-0.28-0.14-0.080.13-0.32-0.220.230.29-0.170.12-0.55-0.22-0.25-0.20.07-0.330.03-0.290.57-0.280.02
-0.54-0.03-0.30.04-0.580.120.65-0.11-0.530.28-0.4-0.27-0.17-0.33-0.330.120.4-0.53-0.59-0.180.71-0.56-0.31-0.040.46
0.770.460.680.490.76-0.5-0.07-0.260.75-0.150.280.50.12-0.330.46-0.10.320.810.790.01-0.440.74-0.060.12-0.87
0.850.210.480.430.83-0.44-0.230.00.860.160.1-0.18-0.55-0.330.460.160.350.770.430.67-0.260.86-0.110.58-0.69
-0.07-0.110.170.21-0.09-0.15-0.160.38-0.10.940.14-0.04-0.220.12-0.10.160.250.12-0.32-0.070.21-0.070.020.160.06
0.210.060.490.920.130.10.38-0.120.210.36-0.16-0.17-0.250.40.320.350.250.19-0.06-0.10.430.13-0.160.34-0.24
0.940.40.630.370.94-0.59-0.390.00.920.040.410.39-0.2-0.530.810.770.120.190.740.31-0.580.93-0.130.18-0.89
0.780.60.460.180.8-0.36-0.3-0.180.78-0.430.250.490.07-0.590.790.43-0.32-0.060.740.13-0.790.77-0.08-0.11-0.72
0.46-0.09-0.1-0.110.47-0.53-0.01-0.130.48-0.1-0.17-0.3-0.33-0.180.010.67-0.07-0.10.310.130.040.530.230.57-0.42
-0.55-0.58-0.240.18-0.590.180.66-0.2-0.540.29-0.53-0.340.030.71-0.44-0.260.210.43-0.58-0.790.04-0.550.270.30.37
0.990.370.540.311.0-0.54-0.27-0.180.99-0.150.190.24-0.29-0.560.740.86-0.070.130.930.770.53-0.55-0.050.35-0.89
-0.09-0.4-0.25-0.04-0.08-0.080.09-0.14-0.08-0.06-0.150.020.57-0.31-0.06-0.110.02-0.16-0.13-0.080.230.27-0.050.12-0.05
0.3-0.290.30.350.28-0.260.15-0.180.320.22-0.15-0.49-0.28-0.040.120.580.160.340.18-0.110.570.30.350.12-0.33
-0.89-0.3-0.61-0.42-0.890.630.110.26-0.880.16-0.21-0.410.020.46-0.87-0.690.06-0.24-0.89-0.72-0.420.37-0.89-0.05-0.33
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GM Breweries Account Relationship Matchups

GM Breweries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.8B5.7B6.7B7.7B9.2B9.6B
Other Current Liab385.0M612.8M711.4M759.8M722.1M527.9M
Total Current Liabilities495.9M643.8M739.7M848.9M932.2M621.6M
Total Stockholder Equity4.3B5.0B5.9B6.8B8.2B8.6B
Property Plant And Equipment Net880.6M774.5M727.0M603.8M562.3M685.4M
Net Debt(3.4M)(63.0M)(15.2M)(16.1M)(132.0M)(125.4M)
Cash3.4M63.0M15.2M16.1M132.0M84.5M
Non Current Assets Total4.2B4.8B5.5B6.6B8.0B8.4B
Non Currrent Assets Other(2.9B)(3.1B)107.7M220.1M241.8M253.9M
Cash And Short Term Investments210.3M63.0M259.8M238.7M132.0M130.6M
Net Receivables143.6M476.9M424.2M3.1M18.0M17.1M
Liabilities And Stockholders Equity4.8B5.7B6.7B7.7B9.2B9.6B
Non Current Liabilities Total38.5M35.7M30.2M25.1M19.0M18.1M
Inventory205.7M279.7M319.0M367.0M286.8M176.3M
Other Current Assets58.8M123.0M212.2M469.7M774.4M813.1M
Other Stockholder Equity(3.7B)(4.3B)623.9M(623.9M)(85K)(89.3K)
Total Liab534.5M679.5M769.8M874.0M951.2M743.2M
Total Current Assets618.4M942.5M1.2B1.1B1.2B1.3B
Accumulated Other Comprehensive Income(102.1M)(143.7M)(200.2M)623.9M85K89.3K
Accounts Payable110.9M31.0M28.2M89.0M210.1M220.6M
Current Deferred Revenue30.4M53.6M46.2M71.1M54.6M91.4M
Retained Earnings3.5B4.2B5.1B6.6B8.0B8.4B
Short Term Debt30.4M53.6M46.2M71.1M54.6M28.3M
Intangible Assets149K37K25K1.6M1.0M1.1M
Other Liab43.9M38.5M35.7M30.2M27.2M34.0M
Net Tangible Assets3.7B4.3B5.0B5.9B6.8B3.5B
Other Assets1.1B954.6M989.4M1K1.00.95
Short Term Investments206.9M5.5M244.6M222.7M121.5M155.8M
Property Plant Equipment840.6M734.5M687.0M603.8M543.4M787.9M
Cash And Equivalents137K0.01.3M238.7M274.5M288.3M
Net Invested Capital4.3B5.0B5.9B6.8B8.2B5.8B
Net Working Capital122.4M298.7M475.5M229.6M278.9M190.7M

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Other Information on Investing in GMBREW Stock

Balance Sheet is a snapshot of the financial position of GM Breweries Limited at a specified time, usually calculated after every quarter, six months, or one year. GM Breweries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GM Breweries 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 GMBREW currently owns. An asset can also be divided into two categories, current and non-current.