Granite Net Receivables vs Net Invested Capital Analysis
GVA Stock | USD 62.21 0.62 1.01% |
Granite Construction financial indicator trend analysis is much more than just examining Granite Construction latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Granite Construction is a good investment. Please check the relationship between Granite Construction Net Receivables and its Net Invested Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Construction Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
Net Receivables vs Net Invested Capital
Net Receivables vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granite Construction Net Receivables account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Granite Construction's Net Receivables and Net Invested Capital is 0.71. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Granite Construction Incorporated, assuming nothing else is changed. The correlation between historical values of Granite Construction's Net Receivables and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Granite Construction Incorporated are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Receivables i.e., Granite Construction's Net Receivables and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Receivables
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from Granite Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Granite Construction 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 Granite Construction Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. At present, Granite Construction's Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.09, whereas Selling General Administrative is forecasted to decline to about 199.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 305.6M | 369.5M | 396.4M | 263.2M | Total Revenue | 3.0B | 3.3B | 3.5B | 2.1B |
Granite Construction fundamental ratios Correlations
Click cells to compare fundamentals
Granite Construction Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Granite Construction fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.5B | 2.4B | 2.5B | 2.2B | 2.8B | 1.4B | |
Short Long Term Debt Total | 364.4M | 385.6M | 372.8M | 320.6M | 735.1M | 771.8M | |
Other Current Liab | 95.7M | 404.5M | 536.2M | 288.5M | 320.9M | 182.2M | |
Total Current Liabilities | 842.1M | 943.3M | 1.1B | 797.6M | 1.0B | 1.1B | |
Total Stockholder Equity | 1.1B | 975.7M | 967.7M | 953.0M | 977.3M | 648.2M | |
Property Plant And Equipment Net | 614.8M | 589.3M | 482.8M | 558.3M | 741.0M | 387.4M | |
Net Debt | 102.1M | (50.6M) | (22.8M) | 26.6M | 317.4M | 333.3M | |
Retained Earnings | 594.4M | 424.8M | 410.8M | 481.4M | 501.8M | 490.5M | |
Cash | 262.3M | 436.1M | 395.6M | 294.0M | 417.7M | 438.5M | |
Non Current Assets Total | 50.2M | 924.8M | 667.5M | 820.6M | 1.2B | 1.2B | |
Non Currrent Assets Other | 179.2M | 96.4M | 67.9M | 59.1M | 55.6M | 68.3M | |
Cash And Short Term Investments | 483.2M | 624.9M | 585.6M | 517.2M | 453.5M | 313.3M | |
Net Receivables | 547.4M | 705.8M | 610.0M | 705.9M | 861.7M | 904.8M | |
Common Stock Shares Outstanding | 45.5M | 45.6M | 47.6M | 52.3M | 52.6M | 44.8M | |
Liabilities And Stockholders Equity | 2.5B | 2.4B | 2.5B | 2.2B | 2.8B | 1.4B | |
Non Current Liabilities Total | 423.0M | 445.1M | 430.0M | 385.2M | 756.7M | 794.5M | |
Inventory | 88.9M | 82.4M | 62.0M | 86.8M | 103.9M | 109.1M | |
Other Current Assets | 257.5M | 42.2M | 177.2M | 37.4M | 224.3M | 235.6M | |
Other Stockholder Equity | (2.6M) | 555.4M | 559.8M | 470.4M | 474.1M | 331.9M | |
Total Liab | 1.4B | 1.4B | 1.5B | 1.2B | 1.8B | 1.9B | |
Total Current Assets | 1.4B | 1.5B | 1.8B | 1.3B | 1.6B | 860.9M | |
Accumulated Other Comprehensive Income | (3M) | (5.0M) | (3.4M) | 788K | 881K | 925.1K | |
Short Term Debt | 356.1M | 8.3M | 8.7M | 1.4M | 56.8M | 30.6M | |
Accounts Payable | 738.1M | 359.2M | 324.3M | 334.4M | 408.4M | 210.2M | |
Short Term Investments | 27.8M | 188.8M | 189.9M | 223.2M | 35.9M | 34.1M | |
Common Stock | 456K | 457K | 458K | 437K | 439K | 443.1K | |
Other Liab | 66.9M | 67.8M | 65.9M | 66.1M | 76.0M | 50.4M | |
Other Assets | 156.9M | 290.8M | 92.0M | 81.4M | (74.1M) | (70.4M) | |
Long Term Debt | 356.1M | 330.5M | 331.2M | 286.9M | 614.8M | 645.5M | |
Property Plant Equipment | 542.3M | 589.3M | 482.8M | 509.2M | 585.6M | 481.6M | |
Good Will | 264.3M | 116.8M | 53.7M | 73.7M | 155.0M | 162.8M | |
Intangible Assets | 47.1M | 33.0M | 9.5M | 9.1M | 117.3M | 123.2M | |
Net Tangible Assets | 935.8M | 858.9M | 914.0M | 911.5M | 1.0B | 935.0M |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Construction Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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Is Granite Construction'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 Granite Construction. If investors know Granite 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 Granite Construction 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 0.295 | Dividend Share 0.52 | Earnings Share 0.8 | Revenue Per Share 82.425 | Quarterly Revenue Growth 0.2 |
The market value of Granite Construction is measured differently than its book value, which is the value of Granite that is recorded on the company's balance sheet. Investors also form their own opinion of Granite Construction's value that differs from its market value or its book value, called intrinsic value, which is Granite Construction'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 Granite Construction's market value can be influenced by many factors that don't directly affect Granite Construction'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 Granite Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Granite Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Granite Construction'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.