GoPro Short Long Term Debt Total vs Other Current Assets Analysis

GPRO Stock  USD 1.36  0.20  12.82%   
GoPro financial indicator trend analysis is much more than just examining GoPro Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GoPro Inc is a good investment. Please check the relationship between GoPro Short Long Term Debt Total and its Other Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoPro Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Short Long Term Debt Total vs Other Current Assets

Short Long Term Debt Total vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GoPro Inc Short Long Term Debt Total account and Other Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between GoPro's Short Long Term Debt Total and Other Current Assets is 0.36. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of GoPro Inc, assuming nothing else is changed. The correlation between historical values of GoPro's Short Long Term Debt Total and Other Current 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 Short Long Term Debt Total of GoPro Inc are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Short Long Term Debt Total i.e., GoPro's Short Long Term Debt Total and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.36
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Long Term Debt Total

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from GoPro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GoPro Inc 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 GoPro Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, GoPro's Selling General Administrative is very stable compared to the past year. As of the 31st of October 2024, Issuance Of Capital Stock is likely to grow to about 4.3 M, while Tax Provision is likely to drop (12.6 M).
 2021 2022 2023 2024 (projected)
Gross Profit477.1M406.8M323.6M436.2M
Total Revenue1.2B1.1B1.0B1.2B

GoPro fundamental ratios Correlations

0.720.490.460.550.60.210.230.67-0.27-0.30.370.580.780.280.630.180.60.010.680.710.060.30.55-0.020.55
0.720.480.550.790.940.430.460.63-0.73-0.140.590.880.850.510.62-0.180.910.350.690.85-0.360.630.64-0.30.49
0.490.480.170.440.26-0.060.280.41-0.03-0.540.350.640.430.490.330.530.530.090.520.560.47-0.090.36-0.080.73
0.460.550.170.740.390.80.710.17-0.28-0.420.630.30.580.180.17-0.050.310.270.690.58-0.10.620.710.470.62
0.550.790.440.740.610.590.590.37-0.5-0.340.910.670.690.540.39-0.180.620.460.70.69-0.260.550.730.00.75
0.60.940.260.390.610.350.350.56-0.850.130.410.830.730.430.57-0.390.910.350.480.71-0.570.670.43-0.440.17
0.210.43-0.060.80.590.350.63-0.01-0.43-0.40.610.280.3-0.01-0.08-0.150.270.390.540.51-0.260.680.620.180.36
0.230.460.280.710.590.350.63-0.21-0.33-0.410.640.340.280.17-0.27-0.10.320.760.490.51-0.150.760.430.110.45
0.670.630.410.170.370.56-0.01-0.21-0.23-0.180.190.520.790.110.960.20.5-0.280.60.640.07-0.020.53-0.240.39
-0.27-0.73-0.03-0.28-0.5-0.85-0.43-0.33-0.23-0.32-0.41-0.74-0.35-0.33-0.240.66-0.78-0.48-0.17-0.420.8-0.73-0.20.540.08
-0.3-0.14-0.54-0.42-0.340.13-0.4-0.41-0.18-0.32-0.45-0.14-0.320.120.0-0.740.04-0.1-0.75-0.6-0.660.03-0.63-0.25-0.77
0.370.590.350.630.910.410.610.640.19-0.41-0.450.50.480.310.16-0.180.40.650.630.59-0.240.530.61-0.080.68
0.580.880.640.30.670.830.280.340.52-0.74-0.140.50.620.580.48-0.080.950.310.520.73-0.250.440.47-0.460.45
0.780.850.430.580.690.730.30.280.79-0.35-0.320.480.620.390.780.080.630.00.840.85-0.070.330.770.020.59
0.280.510.490.180.540.43-0.010.170.11-0.330.120.310.580.390.27-0.160.630.10.140.24-0.180.050.210.010.38
0.630.620.330.170.390.57-0.08-0.270.96-0.240.00.160.480.780.270.040.5-0.320.490.52-0.06-0.050.44-0.150.32
0.18-0.180.53-0.05-0.18-0.39-0.15-0.10.20.66-0.74-0.18-0.080.08-0.160.04-0.2-0.420.360.240.97-0.520.270.270.5
0.60.910.530.310.620.910.270.320.5-0.780.040.40.950.630.630.5-0.20.280.430.67-0.360.510.4-0.430.33
0.010.350.090.270.460.350.390.76-0.28-0.48-0.10.650.310.00.1-0.32-0.420.280.150.27-0.450.720.05-0.370.12
0.680.690.520.690.70.480.540.490.6-0.17-0.750.630.520.840.140.490.360.430.150.930.210.340.890.110.79
0.710.850.560.580.690.710.510.510.64-0.42-0.60.590.730.850.240.520.240.670.270.930.040.470.81-0.160.66
0.06-0.360.47-0.1-0.26-0.57-0.26-0.150.070.8-0.66-0.24-0.25-0.07-0.18-0.060.97-0.36-0.450.210.04-0.610.120.380.45
0.30.63-0.090.620.550.670.680.76-0.02-0.730.030.530.440.330.05-0.05-0.520.510.720.340.47-0.610.32-0.20.09
0.550.640.360.710.730.430.620.430.53-0.2-0.630.610.470.770.210.440.270.40.050.890.810.120.320.10.75
-0.02-0.3-0.080.470.0-0.440.180.11-0.240.54-0.25-0.08-0.460.020.01-0.150.27-0.43-0.370.11-0.160.38-0.20.10.26
0.550.490.730.620.750.170.360.450.390.08-0.770.680.450.590.380.320.50.330.120.790.660.450.090.750.26
Click cells to compare fundamentals

GoPro Account Relationship Matchups

GoPro fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding144.9M149.0M163.2M178.3M153.3M153.0M
Total Assets792.8M771.4M1.3B1.1B968.0M921.0M
Short Long Term Debt Total220.9M279.5M286.5M184.0M128.7M198.4M
Other Current Liab141.8M113.8M128.6M118.9M108.1M137.6M
Total Current Liabilities327.1M262.7M474.8M275.9M279.1M339.5M
Total Stockholder Equity233.5M216.0M615.9M611.6M555.8M414.2M
Other Liab20.5M22.5M14.8M15.0M17.2M29.0M
Property Plant And Equipment Net89.7M55.3M46.3M35.1M27.4M26.0M
Current Deferred Revenue15.5M28.1M42.5M55.9M57.8M60.7M
Net Debt70.6M(46.1M)(114.6M)(39.7M)(94.0M)(98.7M)
Retained Earnings(583.7M)(650.5M)(279.3M)(196.1M)(249.3M)(261.8M)
Accounts Payable160.7M111.4M171.5M91.6M102.6M139.9M
Cash150.3M325.7M401.1M223.7M222.7M239.0M
Non Current Assets Total256.8M214.7M478.0M470.9M485.4M296.6M
Non Currrent Assets Other15.5M11.8M285.2M10.2M6.3M5.9M
Other Assets15.5M43.3M285.2M289.3M332.7M349.3M
Long Term Debt148.8M218.2M111.3M141.0M92.6M105.2M
Cash And Short Term Investments165.1M325.7M538.9M367.3M246.6M306.2M
Net Receivables200.6M107.2M114.2M77.0M91.5M102.0M
Common Stock Total Equity930.9M980.1M1.0B960.9M1.1B758.4M
Liabilities And Stockholders Equity792.8M771.4M1.3B1.1B968.0M921.0M
Non Current Liabilities Total232.2M292.7M169.1M189.4M133.0M167.2M
Inventory144.2M97.9M86.4M127.1M106.3M100.7M
Other Current Assets26.0M25.9M42.3M34.6M38.3M28.8M
Other Stockholder Equity1.0M9.8M(113.6M)(153.2M)(193.2M)(202.9M)
Total Liab559.3M555.4M644.0M465.4M412.1M506.8M
Property Plant And Equipment Gross89.7M55.3M46.3M35.1M106.9M63.3M
Total Current Assets536.0M556.7M781.9M606.0M482.6M624.4M
Short Term Debt9.1M9.4M132.2M9.6M10.5M10.0M
Intangible Assets5.2M1.2M62K15K13.5K12.8K
Common Stock930.9M980.1M1.0B960.9M998.4M786.7M
Property Plant Equipment36.5M23.7M46.3M13.3M12.0M11.4M
Net Tangible Assets81.8M68.3M469.4M465.1M418.6M252.4M
Retained Earnings Total Equity(583.7M)(650.5M)(279.3M)(196.1M)(176.5M)(185.3M)
Short Term Investments14.8M0.0137.8M143.6M23.9M22.7M
Non Current Liabilities Other83.4M74.5M14.8M5.4M3.7M3.5M
Long Term Debt Total148.8M218.2M111.3M141.0M162.2M162.9M

Pair Trading with GoPro

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GoPro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GoPro will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to GoPro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoPro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GoPro - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GoPro Inc to buy it.
The correlation of GoPro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GoPro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoPro Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GoPro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether GoPro Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of GoPro's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gopro Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gopro Inc Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoPro Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Consumer Electronics 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 GoPro. If investors know GoPro 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 GoPro 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
(0.94)
Earnings Share
(2.27)
Revenue Per Share
6.138
Quarterly Revenue Growth
(0.23)
Return On Assets
(0.07)
The market value of GoPro Inc is measured differently than its book value, which is the value of GoPro that is recorded on the company's balance sheet. Investors also form their own opinion of GoPro's value that differs from its market value or its book value, called intrinsic value, which is GoPro'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 GoPro's market value can be influenced by many factors that don't directly affect GoPro'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 GoPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoPro'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.