Grocery Gross Profit vs Net Income Analysis
| GO Stock | USD 21.98 0.49 2.18% |
Grocery Outlet financial indicator trend analysis is much more than just examining Grocery Outlet Holding latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grocery Outlet Holding is a good investment. Please check the relationship between Grocery Outlet Gross Profit and its Net Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grocery Outlet Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Gross Profit vs Net Income
Gross Profit vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grocery Outlet Holding Gross Profit account and Net Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Grocery Outlet's Gross Profit and Net Income is 0.88. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income in the same time period over historical financial statements of Grocery Outlet Holding, assuming nothing else is changed. The correlation between historical values of Grocery Outlet's Gross Profit and Net Income 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 of Grocery Outlet Holding are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Gross Profit i.e., Grocery Outlet's Gross Profit and Net Income go up and down completely randomly.
Correlation Coefficient | 0.88 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Grocery Outlet Holding minus its cost of goods sold. It is profit before Grocery Outlet operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Grocery Outlet Holding financial statement analysis. It represents the amount of money remaining after all of Grocery Outlet Holding operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Grocery Outlet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grocery Outlet Holding 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 Grocery Outlet Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, Grocery Outlet's Tax Provision is very stable compared to the past year. As of the 20th of May 2024, Enterprise Value Over EBITDA is likely to grow to 27.82, while Selling General Administrative is likely to drop about 790.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 15.6M | 18.0M | 26.1M | 26.8M | Depreciation And Amortization | 71.1M | 78.3M | 88.0M | 65.0M |
Grocery Outlet fundamental ratios Correlations
Click cells to compare fundamentals
Grocery Outlet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Grocery Outlet fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.2B | 2.5B | 2.7B | 2.8B | 3.3B | 2.2B | |
| Other Current Liab | 50.9M | 69.7M | 64.7M | 68.5M | 91.4M | 57.0M | |
| Total Current Liabilities | 208.6M | 232.6M | 237.9M | 280.5M | 384.0M | 223.6M | |
| Total Stockholder Equity | 745.4M | 922.3M | 1.0B | 1.1B | 1.2B | 788.4M | |
| Other Liab | 76.0M | 16.0M | 9.4M | 21.3M | 19.1M | 23.5M | |
| Net Tangible Assets | (50.4M) | 126.1M | 209.4M | 298.3M | 343.0M | 360.2M | |
| Retained Earnings | 28.0M | 135.2M | 197.5M | 262.5M | 342.0M | 359.1M | |
| Accounts Payable | 119.2M | 114.3M | 122.1M | 137.6M | 209.4M | 123.2M | |
| Cash | 28.1M | 105.3M | 140.1M | 102.7M | 115.0M | 71.2M | |
| Other Assets | 22.1M | 38.4M | 29.7M | 24.4M | 28.1M | 20.5M | |
| Long Term Debt | 447.7M | 449.2M | 451.5M | 379.7M | 287.1M | 357.1M | |
| Common Stock Total Equity | 89K | 95K | 96K | 98K | 112.7K | 80.8K | |
| Common Stock Shares Outstanding | 81.9M | 98.5M | 99.4M | 100.2M | 100.8M | 96.7M | |
| Inventory | 219.4M | 245.2M | 275.5M | 334.3M | 350.0M | 248.3M | |
| Other Current Assets | 13.5M | 20.1M | 16.8M | 15.1M | 32.4M | 17.0M | |
| Other Stockholder Equity | 717.3M | 787.0M | 811.7M | 847.6M | 877.3M | 678.4M | |
| Total Liab | 1.4B | 1.6B | 1.7B | 1.7B | 2.1B | 1.4B | |
| Short Long Term Debt | 5.4M | 7.3M | 246K | 5.6M | 6.5M | 4.1M | |
| Total Current Assets | 270.8M | 382.0M | 442.7M | 467.4M | 516.6M | 347.5M | |
| Short Term Debt | 38.5M | 48.7M | 51.1M | 54.6M | 69.4M | 37.8M | |
| Intangible Assets | 47.8M | 48.2M | 51.9M | 64.0M | 78.6M | 59.8M | |
| Common Stock | 89K | 95K | 96K | 98K | 99K | 84.3K | |
| Property Plant Equipment | 1.1B | 433.7M | 499.4M | 560.7M | 644.9M | 498.5M | |
| Short Long Term Debt Total | 1.3B | 1.4B | 1.5B | 1.4B | 1.4B | 1.3B | |
| Property Plant And Equipment Net | 1.1B | 1.3B | 1.4B | 1.5B | 1.6B | 1.2B | |
| Net Debt | 1.2B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | |
| Non Current Assets Total | 1.9B | 2.1B | 2.2B | 2.3B | 2.8B | 2.1B | |
| Non Currrent Assets Other | 28.0M | 7.5M | 29.7M | (12.1M) | 10.2M | 10.0M | |
| Cash And Short Term Investments | 28.1M | 105.3M | 140.1M | 102.7M | 115.0M | 81.4M | |
| Net Receivables | 9.9M | 11.4M | 10.4M | 15.2M | 19.1M | 12.5M | |
| Long Term Debt Total | 453.4M | 449.2M | 451.5M | 379.7M | 341.7M | 438.6M | |
| Liabilities And Stockholders Equity | 2.2B | 2.5B | 2.7B | 2.8B | 3.3B | 2.5B | |
| Non Current Liabilities Total | 1.2B | 1.3B | 1.4B | 1.4B | 1.7B | 1.4B | |
| Capital Surpluse | 717.3M | 787.0M | 811.7M | 847.6M | 974.7M | 706.6M | |
| Net Invested Capital | 1.2B | 1.4B | 1.5B | 1.5B | 1.5B | 1.5B | |
| Property Plant And Equipment Gross | 1.1B | 1.3B | 1.4B | 1.5B | 2.0B | 1.2B |
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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 Grocery Outlet Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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Is Grocery Outlet'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 Grocery Outlet. If investors know Grocery 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 Grocery Outlet 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 (0.12) | Earnings Share 0.64 | Revenue Per Share 40.773 | Quarterly Revenue Growth 0.074 | Return On Assets 0.0204 |
The market value of Grocery Outlet Holding is measured differently than its book value, which is the value of Grocery that is recorded on the company's balance sheet. Investors also form their own opinion of Grocery Outlet's value that differs from its market value or its book value, called intrinsic value, which is Grocery Outlet'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 Grocery Outlet's market value can be influenced by many factors that don't directly affect Grocery Outlet'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 Grocery Outlet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grocery Outlet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grocery Outlet'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.