Genuine Common Stock Shares Outstanding vs Other Current Liab Analysis

GPC Stock  USD 127.90  1.57  1.21%   
Genuine Parts financial indicator trend analysis is much more than just examining Genuine Parts latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Genuine Parts is a good investment. Please check the relationship between Genuine Parts Common Stock Shares Outstanding and its Other Current Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genuine Parts Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Common Stock Shares Outstanding vs Other Current Liab

Common Stock Shares Outstanding vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Genuine Parts Common Stock Shares Outstanding account and Other Current Liab. At this time, the significance of the direction appears to have pay attention.
The correlation between Genuine Parts' Common Stock Shares Outstanding and Other Current Liab is -0.83. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Genuine Parts Co, assuming nothing else is changed. The correlation between historical values of Genuine Parts' Common Stock Shares Outstanding and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Genuine Parts Co are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Common Stock Shares Outstanding i.e., Genuine Parts' Common Stock Shares Outstanding and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.83
Relationship DirectionNegative 
Relationship StrengthSignificant

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Other Current Liab

Most indicators from Genuine Parts' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Genuine Parts 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 Genuine Parts Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
The current year's Enterprise Value is expected to grow to about 16.1 B, whereas Selling General Administrative is forecasted to decline to about 3.1 B.
 2021 2022 2023 2024 (projected)
Gross Profit6.6B7.7B8.3B8.7B
Total Revenue18.9B22.1B23.1B24.2B

Genuine Parts fundamental ratios Correlations

0.960.970.990.670.930.940.650.720.990.920.720.58-0.930.970.950.890.561.00.980.830.980.890.47-0.94-0.93
0.960.960.940.510.930.990.50.730.980.830.730.48-0.80.990.830.880.60.980.90.830.920.870.45-0.84-0.81
0.970.960.960.580.950.960.580.680.980.90.680.51-0.830.970.860.890.630.980.920.750.950.90.42-0.85-0.84
0.990.940.960.670.910.930.670.670.980.910.670.6-0.920.950.950.880.630.990.980.830.990.870.51-0.93-0.92
0.670.510.580.670.490.530.980.270.590.610.270.89-0.750.540.770.50.20.620.740.610.660.420.54-0.72-0.66
0.930.930.950.910.490.880.450.840.960.930.840.3-0.790.960.810.910.550.940.870.630.910.970.24-0.85-0.82
0.940.990.960.930.530.880.530.620.960.780.620.55-0.780.960.820.830.630.960.890.860.90.820.52-0.8-0.78
0.650.50.580.670.980.450.530.20.570.560.20.93-0.740.520.740.510.250.610.720.630.650.360.59-0.68-0.63
0.720.730.680.670.270.840.620.20.750.781.00.0-0.640.790.640.820.250.740.670.430.710.840.0-0.75-0.68
0.990.980.980.980.590.960.960.570.750.920.750.49-0.870.990.90.910.611.00.950.790.970.920.44-0.9-0.88
0.920.830.90.910.610.930.780.560.780.920.780.4-0.870.890.90.830.460.910.90.580.930.940.29-0.91-0.89
0.720.730.680.670.270.840.620.21.00.750.780.0-0.640.790.640.820.250.740.670.430.710.840.0-0.75-0.68
0.580.480.510.60.890.30.550.930.00.490.40.0-0.660.450.660.360.240.540.660.730.570.210.68-0.57-0.56
-0.93-0.8-0.83-0.92-0.75-0.79-0.78-0.74-0.64-0.87-0.87-0.64-0.66-0.83-0.97-0.8-0.38-0.89-0.97-0.79-0.92-0.73-0.450.960.99
0.970.990.970.950.540.960.960.520.790.990.890.790.45-0.830.860.910.540.980.920.790.940.910.39-0.87-0.85
0.950.830.860.950.770.810.820.740.640.90.90.640.66-0.970.860.80.480.920.980.810.960.790.52-0.97-0.97
0.890.880.890.880.50.910.830.510.820.910.830.820.36-0.80.910.80.570.910.830.660.890.820.34-0.8-0.8
0.560.60.630.630.20.550.630.250.250.610.460.250.24-0.380.540.480.570.60.490.440.630.530.53-0.43-0.41
1.00.980.980.990.620.940.960.610.741.00.910.740.54-0.890.980.920.910.60.960.820.980.90.46-0.91-0.9
0.980.90.920.980.740.870.890.720.670.950.90.670.66-0.970.920.980.830.490.960.860.970.820.48-0.97-0.96
0.830.830.750.830.610.630.860.630.430.790.580.430.73-0.790.790.810.660.440.820.860.790.540.6-0.79-0.78
0.980.920.950.990.660.910.90.650.710.970.930.710.57-0.920.940.960.890.630.980.970.790.880.48-0.93-0.93
0.890.870.90.870.420.970.820.360.840.920.940.840.21-0.730.910.790.820.530.90.820.540.880.18-0.83-0.78
0.470.450.420.510.540.240.520.590.00.440.290.00.68-0.450.390.520.340.530.460.480.60.480.18-0.39-0.38
-0.94-0.84-0.85-0.93-0.72-0.85-0.8-0.68-0.75-0.9-0.91-0.75-0.570.96-0.87-0.97-0.8-0.43-0.91-0.97-0.79-0.93-0.83-0.390.96
-0.93-0.81-0.84-0.92-0.66-0.82-0.78-0.63-0.68-0.88-0.89-0.68-0.560.99-0.85-0.97-0.8-0.41-0.9-0.96-0.78-0.93-0.78-0.380.96
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Genuine Parts Account Relationship Matchups

Genuine Parts fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.6B13.4B14.4B16.5B18.0B18.9B
Short Long Term Debt Total4.2B3.5B3.2B4.2B4.9B5.1B
Other Current Liab1.7B1.3B1.5B1.7B1.7B1.8B
Total Current Liabilities6.4B5.9B6.6B7.7B7.8B8.2B
Total Stockholder Equity3.7B3.2B3.5B3.8B4.4B2.6B
Property Plant And Equipment Net2.2B2.2B2.3B2.4B2.9B3.0B
Net Debt3.9B2.5B2.5B3.5B3.8B4.0B
Retained Earnings4.6B4.0B4.1B4.5B5.1B2.8B
Cash277.0M990.2M714.7M653.5M1.1B1.2B
Non Current Assets Total6.7B6.3B6.6B7.7B8.4B8.8B
Non Currrent Assets Other616.1M644.1M985.9M847.3M949.5M997.0M
Cash And Short Term Investments277.0M990.2M714.7M653.5M1.1B1.2B
Net Receivables2.4B1.6B1.8B2.2B2.2B1.3B
Common Stock Shares Outstanding146.4M145.1M144.2M142.3M141.0M133.3M
Liabilities And Stockholders Equity14.6B13.4B14.4B16.5B18.0B18.9B
Non Current Liabilities Total4.6B4.3B4.3B5.0B5.7B6.0B
Inventory3.4B3.5B3.9B4.4B4.7B4.9B
Other Current Assets1.1B2.1B1.4B1.5B1.6B1.7B
Other Stockholder Equity98.8M117.2M120.0M140.3M173.0M181.7M
Total Liab11.0B10.2B10.8B12.7B13.6B14.2B
Total Current Assets7.9B7.1B7.8B8.8B9.6B10.1B
Short Term Debt624.0M431.3M280.6M538.7M653.7M686.4M
Accounts Payable3.9B4.1B4.8B5.5B5.5B5.8B
Property Plant And Equipment Gross2.3B2.2B3.6B3.9B4.5B4.7B
Accumulated Other Comprehensive Income(1.1B)(1.0B)(857.7M)(1.0B)(976.9M)(928.0M)
Intangible Assets1.5B1.5B1.4B1.8B1.8B907.1M
Common Stock Total Equity145.4M144.4M142.2M140.9M126.8M127.1M
Common Stock145.4M144.4M142.2M140.9M139.6M126.5M
Other Assets553.8M1.7B985.9M847.3M974.4M584.8M
Long Term Debt2.8B2.5B2.4B3.1B3.6B3.7B
Good Will2.3B1.9B1.9B2.6B2.7B2.9B
Property Plant Equipment1.2B1.2B1.2B2.4B2.8B2.9B
Current Deferred Revenue110.9M114.0M(17M)126.2M(311.5M)(295.9M)
Other Liab928.4M1.0B1.1B1.1B1.3B739.7M
Net Tangible Assets637.8M578.4M958.2M225.8M203.2M193.0M
Noncontrolling Interest In Consolidated Entity20.8M13.2M12.5M14.1M16.2M17.1M
Retained Earnings Total Equity4.6B4.0B4.1B4.5B5.2B4.2B
Long Term Debt Total2.8B2.5B2.4B3.1B3.5B3.7B

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Genuine Parts offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Genuine Parts' 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 Genuine Parts Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Genuine Parts Co Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genuine Parts Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Distributors 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 Genuine Parts. If investors know Genuine 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 Genuine Parts 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
(0.35)
Dividend Share
3.95
Earnings Share
7.7
Revenue Per Share
167.12
Quarterly Revenue Growth
0.025
The market value of Genuine Parts is measured differently than its book value, which is the value of Genuine that is recorded on the company's balance sheet. Investors also form their own opinion of Genuine Parts' value that differs from its market value or its book value, called intrinsic value, which is Genuine Parts' 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 Genuine Parts' market value can be influenced by many factors that don't directly affect Genuine Parts' 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 Genuine Parts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Genuine Parts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genuine Parts' 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.