Gates Gross Profit Margin vs Asset Turnover Analysis

GTES Stock  USD 22.14  0.08  0.36%   
Gates Industrial financial indicator trend analysis is much more than just examining Gates Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gates Industrial is a good investment. Please check the relationship between Gates Industrial Gross Profit Margin and its Asset Turnover accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gates Industrial. 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.
For more information on how to buy Gates Stock please use our How to Invest in Gates Industrial guide.

Gross Profit Margin vs Asset Turnover

Gross Profit Margin vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gates Industrial Gross Profit Margin account and Asset Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Gates Industrial's Gross Profit Margin and Asset Turnover is -0.48. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Gates Industrial, assuming nothing else is changed. The correlation between historical values of Gates Industrial's Gross Profit Margin and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit Margin of Gates Industrial are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Gross Profit Margin i.e., Gates Industrial's Gross Profit Margin and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.48
Relationship DirectionNegative 
Relationship StrengthVery Weak

Gross Profit Margin

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Most indicators from Gates Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gates Industrial 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 Gates Industrial. 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.
For more information on how to buy Gates Stock please use our How to Invest in Gates Industrial guide.At this time, Gates Industrial's Tax Provision is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 890.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 17.4 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense133.5M139.4M163.2M135.9M
Depreciation And Amortization222.6M217.2M217.5M187.5M

Gates Industrial fundamental ratios Correlations

-0.570.55-0.15-0.52-0.420.52-0.55-0.430.10.54-0.41-0.53-0.58-0.250.53-0.350.53-0.58-0.65-0.6-0.250.510.55-0.45-0.41
-0.57-0.880.480.870.88-0.810.920.93-0.18-0.880.880.830.80.62-0.910.88-0.890.790.780.750.74-0.87-0.870.810.78
0.55-0.88-0.2-0.89-0.960.94-0.99-0.860.080.99-0.94-0.91-0.78-0.280.88-0.871.0-0.78-0.91-0.52-0.880.991.0-0.96-0.91
-0.150.48-0.20.350.34-0.330.340.25-0.62-0.270.450.230.50.33-0.530.57-0.230.50.180.180.07-0.24-0.230.180.24
-0.520.87-0.890.350.89-0.910.910.76-0.3-0.910.90.980.860.23-0.770.83-0.890.860.870.560.76-0.88-0.90.840.93
-0.420.88-0.960.340.89-0.950.980.88-0.1-0.980.990.910.820.27-0.890.95-0.970.820.870.440.93-0.97-0.970.970.91
0.52-0.810.94-0.33-0.91-0.95-0.96-0.750.160.96-0.95-0.93-0.87-0.070.82-0.860.94-0.87-0.95-0.39-0.810.950.96-0.94-0.94
-0.550.92-0.990.340.910.98-0.960.87-0.14-0.990.970.920.840.31-0.920.92-0.990.840.910.530.86-0.99-0.990.950.91
-0.430.93-0.860.250.760.88-0.750.870.12-0.850.840.770.670.62-0.820.84-0.870.670.740.690.87-0.84-0.840.840.71
0.1-0.180.08-0.62-0.3-0.10.16-0.140.120.09-0.19-0.18-0.14-0.030.18-0.220.09-0.14-0.1-0.10.170.10.110.04-0.25
0.54-0.880.99-0.27-0.91-0.980.96-0.99-0.850.09-0.96-0.93-0.85-0.230.89-0.90.99-0.85-0.92-0.48-0.890.990.99-0.97-0.91
-0.410.88-0.940.450.90.99-0.950.970.84-0.19-0.960.90.850.24-0.90.97-0.950.850.850.390.89-0.96-0.950.940.9
-0.530.83-0.910.230.980.91-0.930.920.77-0.18-0.930.90.860.14-0.730.81-0.90.860.920.490.83-0.9-0.920.880.93
-0.580.8-0.780.50.860.82-0.870.840.67-0.14-0.850.850.860.12-0.80.82-0.781.00.820.390.66-0.79-0.810.790.74
-0.250.62-0.280.330.230.27-0.070.310.62-0.03-0.230.240.140.12-0.480.38-0.30.120.080.770.22-0.25-0.240.180.09
0.53-0.910.88-0.53-0.77-0.890.82-0.92-0.820.180.89-0.9-0.73-0.8-0.48-0.930.9-0.8-0.73-0.53-0.730.90.88-0.85-0.73
-0.350.88-0.870.570.830.95-0.860.920.84-0.22-0.90.970.810.820.38-0.93-0.890.820.730.410.84-0.9-0.870.880.79
0.53-0.891.0-0.23-0.89-0.970.94-0.99-0.870.090.99-0.95-0.9-0.78-0.30.9-0.89-0.78-0.9-0.52-0.891.01.0-0.97-0.91
-0.580.79-0.780.50.860.82-0.870.840.67-0.14-0.850.850.861.00.12-0.80.82-0.780.820.390.66-0.79-0.80.790.74
-0.650.78-0.910.180.870.87-0.950.910.74-0.1-0.920.850.920.820.08-0.730.73-0.90.820.490.76-0.9-0.930.880.86
-0.60.75-0.520.180.560.44-0.390.530.69-0.1-0.480.390.490.390.77-0.530.41-0.520.390.490.32-0.48-0.510.420.41
-0.250.74-0.880.070.760.93-0.810.860.870.17-0.890.890.830.660.22-0.730.84-0.890.660.760.32-0.88-0.870.920.79
0.51-0.870.99-0.24-0.88-0.970.95-0.99-0.840.10.99-0.96-0.9-0.79-0.250.9-0.91.0-0.79-0.9-0.48-0.881.0-0.98-0.91
0.55-0.871.0-0.23-0.9-0.970.96-0.99-0.840.110.99-0.95-0.92-0.81-0.240.88-0.871.0-0.8-0.93-0.51-0.871.0-0.97-0.93
-0.450.81-0.960.180.840.97-0.940.950.840.04-0.970.940.880.790.18-0.850.88-0.970.790.880.420.92-0.98-0.970.88
-0.410.78-0.910.240.930.91-0.940.910.71-0.25-0.910.90.930.740.09-0.730.79-0.910.740.860.410.79-0.91-0.930.88
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Gates Industrial Account Relationship Matchups

Gates Industrial fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding291.6M292.1M297.3M287.6M275.6M232.2M
Total Assets7.4B7.4B7.5B7.2B7.3B7.7B
Short Long Term Debt Total3.1B2.8B2.7B2.6B2.6B2.5B
Other Current Liab237.3M252.2M240.9M222.6M248.5M150.8M
Total Current Liabilities658.1M726.3M855.9M752.3M779.3M769.2M
Total Stockholder Equity2.7B2.8B3.1B3.1B3.2B2.4B
Other Liab682M735.4M552.8M425.3M382.8M590.5M
Net Tangible Assets(1.3B)(1.1B)(605.5M)(361.5M)(415.7M)(436.5M)
Property Plant And Equipment Net850.9M825.9M794.5M769.7M750.1M818.1M
Net Debt2.4B2.3B2.0B2.0B1.8B2.1B
Retained Earnings1.1B1.2B1.4B1.5B1.5B860.3M
Accounts Payable374.7M417.4M506.6M469.6M457.7M443.6M
Cash635.3M521.4M658.2M578.4M720.6M606.8M
Non Current Assets Total5.5B5.5B5.3B4.9B4.9B5.6B
Non Currrent Assets Other17.1M16.6M24.1M40M1.8M1.7M
Other Assets665.3M785M754.6M640.3M736.3M449.0M
Long Term Debt2.9B2.7B2.5B2.4B2.4B2.4B
Cash And Short Term Investments635.3M521.4M658.2M578.4M720.6M607.5M
Net Receivables716.8M723.6M727.2M821.6M798.6M798.9M
Good Will2.1B2.1B2.1B2.0B2.0B2.2B
Long Term Debt Total2.9B2.7B2.5B2.4B2.2B2.5B
Liabilities And Stockholders Equity7.4B7.4B7.5B7.2B7.3B7.7B
Non Current Liabilities Total3.7B3.5B3.2B3.0B2.9B3.1B
Capital Surpluse2.4B2.5B2.5B2.5B2.9B2.4B
Inventory475.1M508.2M682.6M656.2M647.2M580.1M
Other Stockholder Equity2.4B2.5B2.5B2.5B2.6B2.4B
Total Liab4.4B4.2B4.1B3.7B3.7B3.6B
Long Term Investments23M26.5M15.7M15.1M17.4M12.4M
Property Plant And Equipment Gross850.9M825.9M794.5M769.7M1.5B910.6M
Short Long Term Debt46.1M42.7M38.1M36.6M36.5M40.3M
Total Current Assets2.0B1.9B2.3B2.3B2.4B2.1B
Accumulated Other Comprehensive Income(858.4M)(805.4M)(825.2M)(917.8M)(828.5M)(869.9M)
Short Term Debt46.1M42.7M74.3M36.6M36.5M43.5M
Intangible Assets1.9B1.8B1.6B1.5B1.4B1.5B
Property Plant Equipment850.9M825.9M794.5M769.7M885.2M817.3M
Non Current Liabilities Other84.7M488.6M59.2M377.3M123.1M178.8M

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