GMS Accounts Payable vs Non Current Liabilities Total Analysis

GMS Stock  USD 102.68  2.55  2.55%   
GMS financial indicator trend analysis is much more than just examining GMS Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GMS Inc is a good investment. Please check the relationship between GMS Accounts Payable and its Non Current Liabilities Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GMS Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Accounts Payable vs Non Current Liabilities Total

Accounts Payable vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GMS Inc Accounts Payable account and Non Current Liabilities Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between GMS's Accounts Payable and Non Current Liabilities Total is 0.93. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of GMS Inc, assuming nothing else is changed. The correlation between historical values of GMS's Accounts Payable and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of GMS Inc are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Accounts Payable i.e., GMS's Accounts Payable and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Accounts Payable

An accounting item on the balance sheet that represents GMS obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of GMS Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Non Current Liabilities Total

Most indicators from GMS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GMS Inc 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 GMS Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
At this time, GMS's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.26 in 2024, whereas Selling General Administrative is likely to drop slightly above 792 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit1.5B1.7B1.8B1.1B
Total Revenue4.6B5.3B5.5B3.3B

GMS fundamental ratios Correlations

0.560.560.340.570.56-0.060.440.50.490.550.50.570.520.55-0.25-0.030.590.520.570.570.70.530.570.590.7
0.560.970.640.990.980.170.680.980.650.970.840.990.810.99-0.16-0.030.950.810.990.980.840.970.980.830.44
0.560.970.480.950.910.090.530.950.680.990.770.940.840.98-0.110.00.990.840.930.970.841.00.930.830.5
0.340.640.480.70.710.60.730.60.40.50.640.70.290.57-0.51-0.130.470.290.740.580.460.470.740.580.18
0.570.990.950.70.970.240.670.970.70.940.811.00.810.97-0.240.010.940.810.990.960.820.940.980.840.47
0.560.980.910.710.970.190.770.960.580.90.850.970.750.96-0.2-0.090.870.750.990.960.840.90.980.790.4
-0.060.170.090.60.240.190.140.140.130.120.110.2-0.080.12-0.75-0.260.07-0.080.260.15-0.010.070.230.03-0.13
0.440.680.530.730.670.770.140.690.150.510.90.690.50.64-0.18-0.30.470.50.720.630.610.530.720.650.16
0.50.980.950.60.970.960.140.690.60.930.830.970.860.98-0.060.020.90.860.950.940.780.950.950.790.33
0.490.650.680.40.70.580.130.150.60.670.30.680.60.62-0.080.570.750.60.660.60.460.660.690.440.6
0.550.970.990.50.940.90.120.510.930.670.770.930.770.98-0.13-0.040.990.770.930.980.830.990.930.830.48
0.50.840.770.640.810.850.110.90.830.30.770.810.620.83-0.11-0.30.730.620.840.820.710.780.830.820.24
0.570.990.940.71.00.970.20.690.970.680.930.810.820.97-0.20.030.920.820.980.950.820.930.980.850.46
0.520.810.840.290.810.75-0.080.50.860.60.770.620.820.810.020.170.791.00.730.750.720.830.750.660.49
0.550.990.980.570.970.960.120.640.980.620.980.830.970.81-0.11-0.040.960.810.970.990.840.980.960.830.42
-0.25-0.16-0.11-0.51-0.24-0.2-0.75-0.18-0.06-0.08-0.13-0.11-0.20.02-0.110.54-0.10.02-0.25-0.2-0.32-0.04-0.21-0.23-0.36
-0.03-0.030.0-0.130.01-0.09-0.26-0.30.020.57-0.04-0.30.030.17-0.040.540.060.17-0.05-0.14-0.290.020.0-0.230.01
0.590.950.990.470.940.870.070.470.90.750.990.730.920.790.96-0.10.060.790.910.950.820.980.910.830.56
0.520.810.840.290.810.75-0.080.50.860.60.770.620.821.00.810.020.170.790.730.750.720.830.750.660.49
0.570.990.930.740.990.990.260.720.950.660.930.840.980.730.97-0.25-0.050.910.730.970.830.920.990.820.45
0.570.980.970.580.960.960.150.630.940.60.980.820.950.750.99-0.2-0.140.950.750.970.880.960.960.840.48
0.70.840.840.460.820.84-0.010.610.780.460.830.710.820.720.84-0.32-0.290.820.720.830.880.80.810.810.73
0.530.971.00.470.940.90.070.530.950.660.990.780.930.830.98-0.040.020.980.830.920.960.80.920.820.44
0.570.980.930.740.980.980.230.720.950.690.930.830.980.750.96-0.210.00.910.750.990.960.810.920.80.44
0.590.830.830.580.840.790.030.650.790.440.830.820.850.660.83-0.23-0.230.830.660.820.840.810.820.80.53
0.70.440.50.180.470.4-0.130.160.330.60.480.240.460.490.42-0.360.010.560.490.450.480.730.440.440.53
Click cells to compare fundamentals

GMS Account Relationship Matchups

GMS fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding42.5M43.3M43.9M42.6M40.9M44.2M
Total Assets2.3B2.5B3.1B3.3B3.8B2.3B
Short Long Term Debt Total1.2B1.1B1.3B1.3B1.5B1.1B
Other Current Liab35.0M109.1M173.6M154.2M141.0M111.3M
Total Current Liabilities427.9M562.5M689.2M706.3M757.1M451.6M
Total Stockholder Equity634.0M822.5M1.1B1.3B1.5B788.8M
Other Liab57.1M57.8M67.0M92.8M83.5M62.3M
Net Tangible Assets(281.0M)(104.7M)(86.1M)174.3M200.4M210.4M
Property Plant And Equipment Net420.7M429.7M504.0M585.8M723.5M374.9M
Current Deferred Revenue102.0M96.4M109.1M182.5M2.4M2.2M
Net Debt1.0B935.2M1.2B1.1B1.4B957.9M
Retained Earnings169.0M274.5M548.0M881.0M1.2B1.2B
Accounts Payable213.2M323.0M367.3M377.0M420.2M233.3M
Cash210.9M167.0M101.9M164.7M166.1M97.3M
Non Current Assets Total1.4B1.4B1.7B1.7B2.1B1.3B
Non Currrent Assets Other13.2M9.0M8.8M11.4M11.1M10.9M
Other Assets22.2M24.7M26.7M31.2M1.00.95
Long Term Debt954.0M932.4M1.1B1.0B1.1B900.0M
Cash And Short Term Investments210.9M167.0M101.9M164.7M166.1M97.3M
Net Receivables405.3M558.7M750.0M792.2M850.0M519.1M
Good Will553.1M576.3M695.9M700.8M853.8M589.8M
Common Stock Total Equity404K426K431K428K471.5K429.1K
Liabilities And Stockholders Equity2.3B2.5B3.1B3.3B3.8B2.3B
Non Current Liabilities Total1.2B1.1B1.4B1.3B1.5B1.1B
Inventory299.8M357.1M551.0M575.5M580.8M354.3M
Other Current Assets15.0M39.1M40.4M17.1M42.4M44.5M
Other Stockholder Equity529.7M542.7M522.1M428.5M334.6M479.7M
Total Liab1.7B1.7B2.0B2.0B2.3B1.6B
Property Plant And Equipment Gross420.7M429.7M731.2M850.4M1.0B1.1B
Short Long Term Debt50.2M46.0M47.6M54.0M6.6M6.2M
Total Current Assets931.0M1.1B1.4B1.5B1.6B993.6M
Accumulated Other Comprehensive Income(65.1M)4.8M(6.0M)(35.1M)(31.5M)(29.9M)
Short Term Debt83.2M113.0M124.4M149.4M193.4M203.1M
Intangible Assets361.9M350.9M454.7M399.7M502.7M362.5M
Common Stock404K426K431K428K397K429.8K
Property Plant Equipment420.7M429.7M504.0M585.8M673.6M707.3M
Long Term Debt Total1.0B932.4M1.1B1.0B1.2B924.6M
Capital Surpluse529.7M542.7M522.1M428.5M492.8M506.6M
Non Current Liabilities Other78.0M63.5M55.2M48.3M45.0M45.3M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for GMS Stock Analysis

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