Glory Accounts Payable vs Retained Earnings Analysis
GSMGW Stock | USD 0 0 44.12% |
Glory Star financial indicator trend analysis is much more than just examining Glory Star New latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Glory Star New is a good investment. Please check the relationship between Glory Star Accounts Payable and its Retained Earnings accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glory Star New. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Accounts Payable vs Retained Earnings
Accounts Payable vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Glory Star New Accounts Payable account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Glory Star's Accounts Payable and Retained Earnings is 0.9. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Glory Star New, assuming nothing else is changed. The correlation between historical values of Glory Star's Accounts Payable and Retained Earnings 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 Glory Star New are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Accounts Payable i.e., Glory Star's Accounts Payable and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Glory Star 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 Glory Star New 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.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Glory Star's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Glory Star New 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 Glory Star New. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, Glory Star's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 84 M in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (0.71).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 513K | 93K | 107.0K | 101.6K | Depreciation And Amortization | 2.3M | 3.6M | 4.2M | 4.4M |
Glory Star fundamental ratios Correlations
Click cells to compare fundamentals
Glory Star Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Glory Star fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 79.7M | 143.4M | 195.2M | 206.0M | 327.6M | 344.0M | |
Short Long Term Debt Total | 2.7M | 9.7M | 6.4M | 5.1M | 5.9M | 7.3M | |
Other Current Liab | 9.5M | 19.9M | 15.9M | 21.7M | 19.5M | 14.3M | |
Total Current Liabilities | 15.7M | 35.4M | 34.6M | 32.9M | 46.2M | 32.4M | |
Total Stockholder Equity | 61.8M | 104.8M | 158.9M | 172.4M | 279.9M | 293.9M | |
Property Plant And Equipment Net | 2.4M | 1.9M | 1.5M | 910K | 462K | 438.9K | |
Current Deferred Revenue | 610K | 609K | 536K | 147K | 132.3K | 125.7K | |
Net Debt | (4.2M) | (8.0M) | (70.9M) | (65.4M) | (58.8M) | (55.9M) | |
Retained Earnings | 49.5M | 78.6M | 124.0M | 150.7M | 181.2M | 97.1M | |
Accounts Payable | 4.5M | 7.9M | 12.9M | 6.4M | 9.6M | 6.6M | |
Cash | 6.9M | 17.7M | 77.3M | 70.5M | 194.2M | 203.9M | |
Non Current Assets Total | 19.2M | 40.3M | 41.6M | 22.1M | 20.8M | 25.1M | |
Non Currrent Assets Other | 1.7M | 1.3M | 1.9M | 808K | 929.2K | 975.7K | |
Cash And Short Term Investments | 6.9M | 19.5M | 77.3M | 70.5M | 81.1M | 85.1M | |
Net Receivables | 51.1M | 81.1M | 63.1M | 98.0M | 81.2M | 65.5M | |
Common Stock Shares Outstanding | 46.5M | 59.1M | 65.4M | 31.3M | 10.0M | 9.5M | |
Liabilities And Stockholders Equity | 79.7M | 143.4M | 195.2M | 206.0M | 236.9M | 130.2M | |
Non Current Liabilities Total | 1.7M | 2.8M | 1.2M | 557K | 1.4M | 1.9M | |
Inventory | 7.0M | 2.2M | (1.7M) | 1.0 | 0.9 | 0.86 | |
Other Current Assets | 333K | 4.3M | 13.1M | 15.3M | 31.2M | 32.7M | |
Other Stockholder Equity | 13.4M | 20.7M | 25.6M | 27.0M | 31.1M | 32.6M | |
Total Liab | 17.5M | 38.1M | 35.7M | 33.5M | 47.6M | 35.0M | |
Net Invested Capital | 64.7M | 112.7M | 163.9M | 176.8M | 285.6M | 299.8M | |
Short Long Term Debt | 2.9M | 6.6M | 5.0M | 4.4M | 4.2M | 4.4M | |
Total Current Assets | 60.5M | 103.1M | 153.5M | 183.8M | 306.9M | 322.2M | |
Accumulated Other Comprehensive Income | (1.1M) | 5.5M | 9.3M | (5.3M) | (6.1M) | (5.8M) | |
Net Working Capital | 44.7M | 67.8M | 119.0M | 150.9M | 260.7M | 273.7M | |
Short Term Debt | 1.0M | 6.9M | 5.3M | 4.6M | 4.2M | 4.5M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Glory Star New is a strong investment it is important to analyze Glory Star'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 Glory Star's future performance. For an informed investment choice regarding Glory Stock, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glory Star New. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Glory Star New information on this page should be used as a complementary analysis to other Glory Star'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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Is Glory Star'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 Glory Star. If investors know Glory 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 Glory Star 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 (0.06) | Earnings Share 0.54 | Revenue Per Share 17.636 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0686 |
The market value of Glory Star New is measured differently than its book value, which is the value of Glory that is recorded on the company's balance sheet. Investors also form their own opinion of Glory Star's value that differs from its market value or its book value, called intrinsic value, which is Glory Star'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 Glory Star's market value can be influenced by many factors that don't directly affect Glory Star'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 Glory Star's value and its price as these two are different measures arrived at by different means. Investors typically determine if Glory Star is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Glory Star'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.