GMS Good Will vs Property Plant And Equipment Net Analysis

GMS Stock  USD 94.40  0.60  0.63%   
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 Good Will and its Property Plant And Equipment Net 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.

Good Will vs Property Plant And Equipment Net

Good Will vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GMS Inc Good Will account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between GMS's Good Will and Property Plant And Equipment Net is 0.94. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Property Plant And Equipment Net 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 Good Will and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of GMS Inc are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Good Will i.e., GMS's Good Will and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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
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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

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Additional Tools for GMS Stock Analysis

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