Good Accounts Payable vs Intangible Assets Analysis
GTIM Stock | USD 2.70 0.01 0.37% |
Good Times financial indicator trend analysis is much more than just examining Good Times Restaurants latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Good Times Restaurants is a good investment. Please check the relationship between Good Times Accounts Payable and its Intangible Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Good Times Restaurants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Accounts Payable vs Intangible Assets
Accounts Payable vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Good Times Restaurants Accounts Payable account and Intangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Good Times' Accounts Payable and Intangible Assets is 0.72. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Good Times Restaurants, assuming nothing else is changed. The correlation between historical values of Good Times' Accounts Payable and Intangible 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 Accounts Payable of Good Times Restaurants are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Accounts Payable i.e., Good Times' Accounts Payable and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Good Times 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 Good Times Restaurants 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.Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Most indicators from Good Times' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Good Times Restaurants 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 Good Times Restaurants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Good Times' Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.11, though Tax Provision is likely to grow to (9.2 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 16.7M | 14.9M | 17.1M | 18.0M | Total Revenue | 138.2M | 138.1M | 158.8M | 166.8M |
Good Times fundamental ratios Correlations
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Good Times Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Good Times fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 99.7M | 93.7M | 86.4M | 91.1M | 104.8M | 110.0M | |
Short Long Term Debt Total | 75.6M | 54.7M | 51.0M | 48.9M | 56.2M | 59.0M | |
Other Current Liab | 6.2M | 4.7M | 5.6M | 4.1M | 4.7M | 4.9M | |
Total Current Liabilities | 18.6M | 12.9M | 12.9M | 14.9M | 17.1M | 18.0M | |
Total Stockholder Equity | 15.0M | 29.7M | 27.8M | 32.6M | 37.5M | 39.3M | |
Property Plant And Equipment Net | 76.9M | 73.0M | 64.7M | 63.0M | 72.4M | 76.0M | |
Retained Earnings | (44.5M) | (27.7M) | (30.3M) | (19.2M) | (17.3M) | (18.2M) | |
Accounts Payable | 2.6M | 1.5M | 628K | 2.6M | 3.0M | 3.1M | |
Cash | 11.5M | 8.9M | 8.9M | 4.2M | 4.8M | 3.5M | |
Non Current Assets Total | 86.2M | 82.2M | 74.5M | 84.5M | 97.2M | 102.0M | |
Non Currrent Assets Other | 209K | 219K | 166K | 292K | 262.8K | 350.4K | |
Cash And Short Term Investments | 11.5M | 8.9M | 8.9M | 4.2M | 4.8M | 3.6M | |
Common Stock Shares Outstanding | 12.6M | 12.8M | 12.5M | 11.8M | 13.6M | 14.3M | |
Liabilities And Stockholders Equity | 99.7M | 93.7M | 86.4M | 91.1M | 104.8M | 110.0M | |
Non Current Liabilities Total | 66.1M | 49.9M | 45.7M | 43.2M | 49.7M | 52.2M | |
Other Stockholder Equity | 58.1M | 57.4M | 56.8M | 51.8M | 59.6M | 35.7M | |
Total Liab | 84.7M | 62.8M | 58.6M | 58.1M | 66.8M | 70.1M | |
Total Current Assets | 13.5M | 11.4M | 11.9M | 6.6M | 7.6M | 4.8M | |
Intangible Assets | 3.9M | 3.9M | 3.9M | 3.9M | 4.5M | 2.8M | |
Net Debt | 64.1M | 45.8M | 42.1M | 44.7M | 51.4M | 54.0M | |
Inventory | 1.1M | 1.3M | 1.4M | 1.4M | 1.6M | 1.7M | |
Other Current Assets | 275K | 1.3M | 888K | 235K | 270.3K | 357.8K | |
Short Term Debt | 10.9M | 4.9M | 5.4M | 5.8M | 6.7M | 7.0M | |
Net Receivables | 669K | 644K | 694K | 769K | 884.4K | 928.6K | |
Property Plant And Equipment Gross | 27.7M | 115.8M | 113.7M | 116.9M | 134.4M | 141.1M | |
Other Liab | 8.9M | 1.4M | 202K | 159K | 182.9K | 173.7K | |
Other Assets | 212K | 53.4M | 93.7M | 3.0M | 3.4M | 3.2M | |
Long Term Debt | 7.5M | 12.9M | 10.9M | 750K | 862.5K | 819.4K | |
Property Plant Equipment | 35.7M | 27.7M | 73.0M | 64.7M | 74.4M | 78.1M | |
Current Deferred Revenue | 69K | 436K | 1.0M | 1.2M | 1.4M | 1.4M | |
Net Tangible Assets | 27.4M | 13.7M | 20.7M | 16.9M | 19.4M | 22.5M |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Good Times Restaurants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Hotels, Restaurants & Leisure 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 Good Times. If investors know Good 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 Good Times 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 0.714 | Earnings Share 0.1 | Revenue Per Share 12.523 | Quarterly Revenue Growth 0.065 | Return On Assets 0.0104 |
The market value of Good Times Restaurants is measured differently than its book value, which is the value of Good that is recorded on the company's balance sheet. Investors also form their own opinion of Good Times' value that differs from its market value or its book value, called intrinsic value, which is Good Times' 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 Good Times' market value can be influenced by many factors that don't directly affect Good Times' 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 Good Times' value and its price as these two are different measures arrived at by different means. Investors typically determine if Good Times is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Good Times' 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.