Globus Total Assets vs Asset Turnover Analysis

GMED Stock

USD 51.44 0.17 0.33%

Globus Medical financial indicator trend analysis is much more than just examining Globus Medical latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globus Medical is a good investment. Please check the relationship between Globus Medical Total Assets and its Asset Turnover accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globus Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

For information on how to trade Globus Stock refer to our How to Trade Globus Stock guide.

Total Assets vs Asset Turnover

Total Assets vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Globus Medical Total Assets account and Asset Turnover. At this time, the significance of the direction appears to have pay attention.

The correlation between Globus Medical's Total Assets and Asset Turnover is -0.8. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Globus Medical, assuming nothing else is changed. The correlation between historical values of Globus Medical's Total Assets 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 Total Assets of Globus Medical 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 Total Assets i.e., Globus Medical's Total Assets and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.8

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Total Assets

Total assets refers to the total amount of Globus Medical 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 Globus Medical 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.

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 Globus Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globus Medical 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 Globus Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

For information on how to trade Globus Stock refer to our How to Trade Globus Stock guide.The current year's Selling General Administrative is expected to grow to about 675.6 M, whereas Tax Provision is forecasted to decline to about 34.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	718.9M	759.1M	1.0B	533.4M
Total Revenue	958.1M	1.0B	1.6B	1.6B

Gross Profit Total Revenue

Globus Medical 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	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	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Common Stock Shares Outstanding		0.7	0.49	0.53	0.69	0.73	0.7	0.68	0.72	0.27	0.83	0.76	0.54	0.69	0.54	0.55	0.9	0.68	0.99	0.53	0.65	0.75	0.58	0.59	0.66	0.74
Total Assets	0.7		0.93	0.9	0.99	1.0	0.84	1.0	0.79	0.67	0.58	0.96	0.93	1.0	0.81	0.59	0.67	1.0	0.71	0.95	0.99	0.99	0.98	0.97	0.98	1.0
Short Long Term Debt Total	0.49	0.93		0.96	0.95	0.91	0.67	0.94	0.61	0.82	0.26	0.88	0.92	0.94	0.68	0.4	0.4	0.95	0.52	1.0	0.96	0.89	0.99	0.99	0.9	0.92
Other Current Liab	0.53	0.9	0.96		0.93	0.88	0.67	0.91	0.6	0.88	0.27	0.91	0.81	0.9	0.63	0.35	0.43	0.92	0.57	0.96	0.93	0.87	0.95	0.96	0.88	0.9
Total Current Liabilities	0.69	0.99	0.95	0.93		0.99	0.83	0.99	0.77	0.73	0.53	0.96	0.91	0.99	0.76	0.55	0.63	0.99	0.71	0.97	0.99	0.98	0.99	0.98	0.97	0.99
Total Stockholder Equity	0.73	1.0	0.91	0.88	0.99		0.86	0.99	0.81	0.63	0.63	0.96	0.92	1.0	0.83	0.62	0.7	0.99	0.73	0.93	0.99	0.99	0.96	0.96	0.98	1.0
Other Liab	0.7	0.84	0.67	0.67	0.83	0.86		0.82	0.9	0.42	0.71	0.79	0.71	0.83	0.67	0.66	0.78	0.81	0.7	0.73	0.82	0.83	0.77	0.77	0.9	0.86
Property Plant And Equipment Net	0.68	1.0	0.94	0.91	0.99	0.99	0.82		0.77	0.68	0.56	0.95	0.93	1.0	0.82	0.59	0.65	1.0	0.69	0.96	0.99	0.99	0.98	0.98	0.97	0.99
Current Deferred Revenue	0.72	0.79	0.61	0.6	0.77	0.81	0.9	0.77		0.31	0.78	0.75	0.69	0.78	0.72	0.63	0.83	0.77	0.71	0.66	0.77	0.79	0.71	0.7	0.85	0.8
Net Debt	0.27	0.67	0.82	0.88	0.73	0.63	0.42	0.68	0.31		-0.03	0.68	0.53	0.67	0.29	0.02	0.14	0.7	0.32	0.8	0.71	0.61	0.76	0.78	0.64	0.66
Retained Earnings	0.83	0.58	0.26	0.27	0.53	0.63	0.71	0.56	0.78	-0.03		0.61	0.41	0.57	0.64	0.66	0.93	0.55	0.79	0.31	0.5	0.65	0.41	0.39	0.59	0.6
Accounts Payable	0.76	0.96	0.88	0.91	0.96	0.96	0.79	0.95	0.75	0.68	0.61		0.83	0.95	0.77	0.51	0.68	0.97	0.77	0.89	0.95	0.96	0.93	0.92	0.94	0.97
Cash	0.54	0.93	0.92	0.81	0.91	0.92	0.71	0.93	0.69	0.53	0.41	0.83		0.93	0.81	0.58	0.5	0.92	0.55	0.93	0.94	0.9	0.94	0.93	0.89	0.91
Non Current Assets Total	0.69	1.0	0.94	0.9	0.99	1.0	0.83	1.0	0.78	0.67	0.57	0.95	0.93		0.81	0.58	0.65	1.0	0.69	0.96	0.99	0.99	0.98	0.98	0.98	0.99
Non Currrent Assets Other	0.54	0.81	0.68	0.63	0.76	0.83	0.67	0.82	0.72	0.29	0.64	0.77	0.81	0.81		0.7	0.67	0.81	0.54	0.7	0.78	0.85	0.75	0.73	0.81	0.8
Other Assets	0.55	0.59	0.4	0.35	0.55	0.62	0.66	0.59	0.63	0.02	0.66	0.51	0.58	0.58	0.7		0.72	0.55	0.54	0.44	0.56	0.64	0.49	0.48	0.55	0.61
Cash And Short Term Investments	0.9	0.67	0.4	0.43	0.63	0.7	0.78	0.65	0.83	0.14	0.93	0.68	0.5	0.65	0.67	0.72		0.63	0.88	0.45	0.6	0.71	0.52	0.52	0.67	0.7
Net Receivables	0.68	1.0	0.95	0.92	0.99	0.99	0.81	1.0	0.77	0.7	0.55	0.97	0.92	1.0	0.81	0.55	0.63		0.69	0.96	0.99	0.98	0.98	0.98	0.97	0.99
Common Stock Total Equity	0.99	0.71	0.52	0.57	0.71	0.73	0.7	0.69	0.71	0.32	0.79	0.77	0.55	0.69	0.54	0.54	0.88	0.69		0.56	0.66	0.75	0.61	0.61	0.67	0.74
Non Current Liabilities Total	0.53	0.95	1.0	0.96	0.97	0.93	0.73	0.96	0.66	0.8	0.31	0.89	0.93	0.96	0.7	0.44	0.45	0.96	0.56		0.98	0.91	0.99	1.0	0.92	0.94
Inventory	0.65	0.99	0.96	0.93	0.99	0.99	0.82	0.99	0.77	0.71	0.5	0.95	0.94	0.99	0.78	0.56	0.6	0.99	0.66	0.98		0.97	0.99	0.99	0.97	0.99
Other Current Assets	0.75	0.99	0.89	0.87	0.98	0.99	0.83	0.99	0.79	0.61	0.65	0.96	0.9	0.99	0.85	0.64	0.71	0.98	0.75	0.91	0.97		0.95	0.94	0.96	0.99
Other Stockholder Equity	0.58	0.98	0.99	0.95	0.99	0.96	0.77	0.98	0.71	0.76	0.41	0.93	0.94	0.98	0.75	0.49	0.52	0.98	0.61	0.99	0.99	0.95		1.0	0.95	0.97
Total Liab	0.59	0.97	0.99	0.96	0.98	0.96	0.77	0.98	0.7	0.78	0.39	0.92	0.93	0.98	0.73	0.48	0.52	0.98	0.61	1.0	0.99	0.94	1.0		0.95	0.96
Property Plant And Equipment Gross	0.66	0.98	0.9	0.88	0.97	0.98	0.9	0.97	0.85	0.64	0.59	0.94	0.89	0.98	0.81	0.55	0.67	0.97	0.67	0.92	0.97	0.96	0.95	0.95		0.98
Total Current Assets	0.74	1.0	0.92	0.9	0.99	1.0	0.86	0.99	0.8	0.66	0.6	0.97	0.91	0.99	0.8	0.61	0.7	0.99	0.74	0.94	0.99	0.99	0.97	0.96	0.98

Click cells to compare fundamentals

Globus Medical Account Relationship Matchups

High Positive Relationship

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total

High Negative Relationship

Retained Earnings

- 0.03

Net Debt

Globus Medical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	102.0M	101.0M	103.6M	102.6M	114.6M	104.1M
Total Assets	1.5B	1.7B	2.0B	2.1B	5.1B	5.3B
Other Current Liab	6.7M	5.8M	11.8M	106.5M	305.3M	320.6M
Total Current Liabilities	111.4M	120.8M	140.2M	159.2M	392.3M	412.0M
Total Stockholder Equity	1.4B	1.5B	1.7B	1.8B	4.0B	4.2B
Other Liab	17.1M	52.4M	75.7M	70.5M	81.1M	85.2M
Property Plant And Equipment Net	199.8M	216.9M	221.1M	243.7M	646.9M	679.2M
Current Deferred Revenue	5.4M	8.1M	12.0M	14.1M	18.4M	9.6M
Net Debt	(193.2M)	(234.6M)	(188.0M)	(144.5M)	53.1M	55.8M
Retained Earnings	1.0B	1.0B	1.2B	1.2B	1.1B	764.6M
Accounts Payable	24.6M	18.2M	22.0M	36.1M	56.7M	59.5M
Cash	195.7M	239.4M	193.1M	150.5M	467.3M	490.7M
Non Current Assets Total	844.6M	857.7M	1.1B	1.1B	3.2B	3.3B
Non Currrent Assets Other	21.7M	32.0M	36.3M	43.3M	78.6M	82.5M
Other Assets	25.2M	209.8M	60.8M	92.2M	106.0M	111.3M
Cash And Short Term Investments	311.5M	426.7M	443.4M	446.1M	517.8M	342.9M
Net Receivables	162.4M	148.1M	165.7M	217.3M	504.9M	530.1M
Liabilities And Stockholders Equity	1.5B	1.7B	2.0B	2.1B	5.1B	5.3B
Non Current Liabilities Total	18.2M	52.4M	75.7M	70.5M	695.8M	730.6M
Inventory	196.3M	229.2M	237.0M	299.0M	848.1M	890.5M
Other Current Assets	17.2M	17.8M	18.4M	21.0M	44.6M	46.8M
Other Stockholder Equity	357.3M	457.2M	553.8M	631.0M	2.9B	3.0B
Total Liab	129.6M	173.2M	215.9M	229.8M	1.1B	1.1B
Property Plant And Equipment Gross	199.8M	216.9M	526.7M	586.8M	1.1B	1.1B
Total Current Assets	687.5M	821.8M	864.5M	983.3M	1.9B	2.0B
Accumulated Other Comprehensive Income	(2.9M)	4.0M	(6.8M)	(24.6M)	(10.2M)	(9.7M)
Short Term Debt	74.7M	88.7M	94.4M	2.5M	12.0M	11.4M
Property Plant Equipment	202.3M	216.9M	221.1M	243.7M	280.3M	146.5M
Good Will	128.8M	156.7M	179.7M	197.5M	1.4B	1.5B
Intangible Assets	78.8M	86.9M	68.7M	63.6M	924.6M	970.8M
Net Tangible Assets	1.2B	1.3B	1.5B	1.6B	1.8B	981.4M
Short Term Investments	115.8M	187.3M	250.4M	295.6M	50.5M	48.0M
Capital Surpluse	357.3M	457.2M	553.8M	631.0M	725.6M	761.9M
Non Current Liabilities Other	12.2M	46.2M	71.4M	68.8M	102.9M	108.1M
Long Term Investments	409.5M	358.5M	562.5M	495.9M	75.4M	71.7M

Globus Medical Investors Sentiment

The influence of Globus Medical's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Globus. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Globus Medical's public news can be used to forecast risks associated with an investment in Globus. The trend in average sentiment can be used to explain how an investor holding Globus can time the market purely based on public headlines and social activities around Globus Medical. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Globus Medical's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Globus Medical's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Globus Medical's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Globus Medical.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Globus Medical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Globus Medical's short interest history, or implied volatility extrapolated from Globus Medical options trading.

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When determining whether Globus Medical is a strong investment it is important to analyze Globus Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Globus Medical's future performance. For an informed investment choice regarding Globus Stock, refer to the following important reports:

How To Invest In Globus

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Is Globus Stock a good investment?

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What is Globus Medical's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globus Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

For information on how to trade Globus Stock refer to our How to Trade Globus Stock guide.

Note that the Globus Medical information on this page should be used as a complementary analysis to other Globus Medical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Globus Medical's price analysis, check to measure Globus Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Globus Medical is operating at the current time. Most of Globus Medical's value examination focuses on studying past and present price action to predict the probability of Globus Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Medical's price. Additionally, you may evaluate how the addition of Globus Medical to your portfolios can decrease your overall portfolio volatility.

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Is Globus Medical's industry 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 Globus Medical. If investors know Globus 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 Globus Medical 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

(0.79)

Earnings Share

1.07

Revenue Per Share

13.87

Quarterly Revenue Growth

1.246

Return On Assets

0.0477

The market value of Globus Medical is measured differently than its book value, which is the value of Globus that is recorded on the company's balance sheet. Investors also form their own opinion of Globus Medical's value that differs from its market value or its book value, called intrinsic value, which is Globus Medical's 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 Globus Medical's market value can be influenced by many factors that don't directly affect Globus Medical's 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 Globus Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globus Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globus Medical's 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.

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Globus Total Assets vs Asset Turnover Analysis

Total Assets vs Asset Turnover

Total Assets vs Asset Turnover Correlation Analysis

Correlation Coefficient

Total Assets

Asset Turnover

Globus Medical fundamental ratios Correlations

Globus Medical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Globus Medical fundamental ratios Accounts

Globus Medical Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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