Gates Gross Profit Margin vs Total Assets Analysis

GTES Stock

USD 22.35 0.02 0.09%

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 Total Assets 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 Total Assets

Gross Profit Margin vs Total Assets 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 Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Gates Industrial's Gross Profit Margin and Total Assets is -0.39. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Total Assets 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 Total Assets 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 Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Gross Profit Margin i.e., Gates Industrial's Gross Profit Margin and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.39

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Gross Profit Margin

Total Assets

Total assets refers to the total amount of Gates Industrial assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Gates Industrial books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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 Expense	133.5M	139.4M	163.2M	135.9M
Depreciation And Amortization	222.6M	217.2M	217.5M	187.5M

Interest Expense Depreciation And Amortization

Gates Industrial fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Short Term Investments	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory
Common Stock Shares Outstanding		-0.57	0.55	-0.15	-0.52	-0.42	0.52	-0.55	-0.43	0.1	0.54	-0.41	-0.53	-0.58	-0.25	0.53	-0.35	0.53	-0.58	-0.65	-0.6	-0.25	0.51	0.55	-0.45	-0.41
Total Assets	-0.57		-0.88	0.48	0.87	0.88	-0.81	0.92	0.93	-0.18	-0.88	0.88	0.83	0.8	0.62	-0.91	0.88	-0.89	0.79	0.78	0.75	0.74	-0.87	-0.87	0.81	0.78
Short Long Term Debt Total	0.55	-0.88		-0.2	-0.89	-0.96	0.94	-0.99	-0.86	0.08	0.99	-0.94	-0.91	-0.78	-0.28	0.88	-0.87	1.0	-0.78	-0.91	-0.52	-0.88	0.99	1.0	-0.96	-0.91
Other Current Liab	-0.15	0.48	-0.2		0.35	0.34	-0.33	0.34	0.25	-0.62	-0.27	0.45	0.23	0.5	0.33	-0.53	0.57	-0.23	0.5	0.18	0.18	0.07	-0.24	-0.23	0.18	0.24
Total Current Liabilities	-0.52	0.87	-0.89	0.35		0.89	-0.91	0.91	0.76	-0.3	-0.91	0.9	0.98	0.86	0.23	-0.77	0.83	-0.89	0.86	0.87	0.56	0.76	-0.88	-0.9	0.84	0.93
Total Stockholder Equity	-0.42	0.88	-0.96	0.34	0.89		-0.95	0.98	0.88	-0.1	-0.98	0.99	0.91	0.82	0.27	-0.89	0.95	-0.97	0.82	0.87	0.44	0.93	-0.97	-0.97	0.97	0.91
Other Liab	0.52	-0.81	0.94	-0.33	-0.91	-0.95		-0.96	-0.75	0.16	0.96	-0.95	-0.93	-0.87	-0.07	0.82	-0.86	0.94	-0.87	-0.95	-0.39	-0.81	0.95	0.96	-0.94	-0.94
Net Tangible Assets	-0.55	0.92	-0.99	0.34	0.91	0.98	-0.96		0.87	-0.14	-0.99	0.97	0.92	0.84	0.31	-0.92	0.92	-0.99	0.84	0.91	0.53	0.86	-0.99	-0.99	0.95	0.91
Property Plant And Equipment Net	-0.43	0.93	-0.86	0.25	0.76	0.88	-0.75	0.87		0.12	-0.85	0.84	0.77	0.67	0.62	-0.82	0.84	-0.87	0.67	0.74	0.69	0.87	-0.84	-0.84	0.84	0.71
Current Deferred Revenue	0.1	-0.18	0.08	-0.62	-0.3	-0.1	0.16	-0.14	0.12		0.09	-0.19	-0.18	-0.14	-0.03	0.18	-0.22	0.09	-0.14	-0.1	-0.1	0.17	0.1	0.11	0.04	-0.25
Net Debt	0.54	-0.88	0.99	-0.27	-0.91	-0.98	0.96	-0.99	-0.85	0.09		-0.96	-0.93	-0.85	-0.23	0.89	-0.9	0.99	-0.85	-0.92	-0.48	-0.89	0.99	0.99	-0.97	-0.91
Retained Earnings	-0.41	0.88	-0.94	0.45	0.9	0.99	-0.95	0.97	0.84	-0.19	-0.96		0.9	0.85	0.24	-0.9	0.97	-0.95	0.85	0.85	0.39	0.89	-0.96	-0.95	0.94	0.9
Accounts Payable	-0.53	0.83	-0.91	0.23	0.98	0.91	-0.93	0.92	0.77	-0.18	-0.93	0.9		0.86	0.14	-0.73	0.81	-0.9	0.86	0.92	0.49	0.83	-0.9	-0.92	0.88	0.93
Cash	-0.58	0.8	-0.78	0.5	0.86	0.82	-0.87	0.84	0.67	-0.14	-0.85	0.85	0.86		0.12	-0.8	0.82	-0.78	1.0	0.82	0.39	0.66	-0.79	-0.81	0.79	0.74
Non Current Assets Total	-0.25	0.62	-0.28	0.33	0.23	0.27	-0.07	0.31	0.62	-0.03	-0.23	0.24	0.14	0.12		-0.48	0.38	-0.3	0.12	0.08	0.77	0.22	-0.25	-0.24	0.18	0.09
Non Currrent Assets Other	0.53	-0.91	0.88	-0.53	-0.77	-0.89	0.82	-0.92	-0.82	0.18	0.89	-0.9	-0.73	-0.8	-0.48		-0.93	0.9	-0.8	-0.73	-0.53	-0.73	0.9	0.88	-0.85	-0.73
Other Assets	-0.35	0.88	-0.87	0.57	0.83	0.95	-0.86	0.92	0.84	-0.22	-0.9	0.97	0.81	0.82	0.38	-0.93		-0.89	0.82	0.73	0.41	0.84	-0.9	-0.87	0.88	0.79
Long Term Debt	0.53	-0.89	1.0	-0.23	-0.89	-0.97	0.94	-0.99	-0.87	0.09	0.99	-0.95	-0.9	-0.78	-0.3	0.9	-0.89		-0.78	-0.9	-0.52	-0.89	1.0	1.0	-0.97	-0.91
Cash And Short Term Investments	-0.58	0.79	-0.78	0.5	0.86	0.82	-0.87	0.84	0.67	-0.14	-0.85	0.85	0.86	1.0	0.12	-0.8	0.82	-0.78		0.82	0.39	0.66	-0.79	-0.8	0.79	0.74
Net Receivables	-0.65	0.78	-0.91	0.18	0.87	0.87	-0.95	0.91	0.74	-0.1	-0.92	0.85	0.92	0.82	0.08	-0.73	0.73	-0.9	0.82		0.49	0.76	-0.9	-0.93	0.88	0.86
Good Will	-0.6	0.75	-0.52	0.18	0.56	0.44	-0.39	0.53	0.69	-0.1	-0.48	0.39	0.49	0.39	0.77	-0.53	0.41	-0.52	0.39	0.49		0.32	-0.48	-0.51	0.42	0.41
Short Term Investments	-0.25	0.74	-0.88	0.07	0.76	0.93	-0.81	0.86	0.87	0.17	-0.89	0.89	0.83	0.66	0.22	-0.73	0.84	-0.89	0.66	0.76	0.32		-0.88	-0.87	0.92	0.79
Long Term Debt Total	0.51	-0.87	0.99	-0.24	-0.88	-0.97	0.95	-0.99	-0.84	0.1	0.99	-0.96	-0.9	-0.79	-0.25	0.9	-0.9	1.0	-0.79	-0.9	-0.48	-0.88		1.0	-0.98	-0.91
Non Current Liabilities Total	0.55	-0.87	1.0	-0.23	-0.9	-0.97	0.96	-0.99	-0.84	0.11	0.99	-0.95	-0.92	-0.81	-0.24	0.88	-0.87	1.0	-0.8	-0.93	-0.51	-0.87	1.0		-0.97	-0.93
Capital Surpluse	-0.45	0.81	-0.96	0.18	0.84	0.97	-0.94	0.95	0.84	0.04	-0.97	0.94	0.88	0.79	0.18	-0.85	0.88	-0.97	0.79	0.88	0.42	0.92	-0.98	-0.97		0.88
Inventory	-0.41	0.78	-0.91	0.24	0.93	0.91	-0.94	0.91	0.71	-0.25	-0.91	0.9	0.93	0.74	0.09	-0.73	0.79	-0.91	0.74	0.86	0.41	0.79	-0.91	-0.93	0.88

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Gates Industrial Account Relationship Matchups

Gates Industrial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	291.6M	292.1M	297.3M	287.6M	275.6M	232.2M
Total Assets	7.4B	7.4B	7.5B	7.2B	7.3B	7.7B
Short Long Term Debt Total	3.1B	2.8B	2.7B	2.6B	2.6B	2.5B
Other Current Liab	237.3M	252.2M	240.9M	222.6M	248.5M	150.8M
Total Current Liabilities	658.1M	726.3M	855.9M	752.3M	779.3M	769.2M
Total Stockholder Equity	2.7B	2.8B	3.1B	3.1B	3.2B	2.4B
Other Liab	682M	735.4M	552.8M	425.3M	382.8M	590.5M
Net Tangible Assets	(1.3B)	(1.1B)	(605.5M)	(361.5M)	(415.7M)	(436.5M)
Property Plant And Equipment Net	850.9M	825.9M	794.5M	769.7M	750.1M	818.1M
Net Debt	2.4B	2.3B	2.0B	2.0B	1.8B	2.1B
Retained Earnings	1.1B	1.2B	1.4B	1.5B	1.5B	860.3M
Accounts Payable	374.7M	417.4M	506.6M	469.6M	457.7M	443.6M
Cash	635.3M	521.4M	658.2M	578.4M	720.6M	606.8M
Non Current Assets Total	5.5B	5.5B	5.3B	4.9B	4.9B	5.6B
Non Currrent Assets Other	17.1M	16.6M	24.1M	40M	1.8M	1.7M
Other Assets	665.3M	785M	754.6M	640.3M	736.3M	449.0M
Long Term Debt	2.9B	2.7B	2.5B	2.4B	2.4B	2.4B
Cash And Short Term Investments	635.3M	521.4M	658.2M	578.4M	720.6M	607.5M
Net Receivables	716.8M	723.6M	727.2M	821.6M	798.6M	798.9M
Good Will	2.1B	2.1B	2.1B	2.0B	2.0B	2.2B
Long Term Debt Total	2.9B	2.7B	2.5B	2.4B	2.2B	2.5B
Liabilities And Stockholders Equity	7.4B	7.4B	7.5B	7.2B	7.3B	7.7B
Non Current Liabilities Total	3.7B	3.5B	3.2B	3.0B	2.9B	3.1B
Capital Surpluse	2.4B	2.5B	2.5B	2.5B	2.9B	2.4B
Inventory	475.1M	508.2M	682.6M	656.2M	647.2M	580.1M
Other Stockholder Equity	2.4B	2.5B	2.5B	2.5B	2.6B	2.4B
Total Liab	4.4B	4.2B	4.1B	3.7B	3.7B	3.6B
Long Term Investments	23M	26.5M	15.7M	15.1M	17.4M	12.4M
Property Plant And Equipment Gross	850.9M	825.9M	794.5M	769.7M	1.5B	910.6M
Short Long Term Debt	46.1M	42.7M	38.1M	36.6M	36.5M	40.3M
Total Current Assets	2.0B	1.9B	2.3B	2.3B	2.4B	2.1B
Accumulated Other Comprehensive Income	(858.4M)	(805.4M)	(825.2M)	(917.8M)	(828.5M)	(869.9M)
Short Term Debt	46.1M	42.7M	74.3M	36.6M	36.5M	43.5M
Intangible Assets	1.9B	1.8B	1.6B	1.5B	1.4B	1.5B
Property Plant Equipment	850.9M	825.9M	794.5M	769.7M	885.2M	817.3M
Non Current Liabilities Other	84.7M	488.6M	59.2M	377.3M	123.1M	178.8M

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