GoPro Days Sales Outstanding from 2010 to 2024

GPRO Stock  USD 1.17  0.03  2.50%   
GoPro Days Sales Outstanding yearly trend continues to be very stable with very little volatility. Days Sales Outstanding is likely to grow to 46.63 this year. During the period from 2010 to 2024, GoPro Days Sales Outstanding quarterly data regression pattern had sample variance of  107.61 and median of  45.42. View All Fundamentals
 
Days Sales Outstanding  
First Reported
2010-12-31
Previous Quarter
33.19874803
Current Value
46.63
Quarterly Volatility
10.37348332
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check GoPro financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among GoPro's main balance sheet or income statement drivers, such as Depreciation And Amortization of 10.7 M, Interest Expense of 4.5 M or Selling General Administrative of 71.5 M, as well as many indicators such as Price To Sales Ratio of 0.5, Dividend Yield of 0.0316 or PTB Ratio of 1.01. GoPro financial statements analysis is a perfect complement when working with GoPro Valuation or Volatility modules.
  
Check out the analysis of GoPro Correlation against competitors.

Latest GoPro's Days Sales Outstanding Growth Pattern

Below is the plot of the Days Sales Outstanding of GoPro Inc over the last few years. It is GoPro's Days Sales Outstanding historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in GoPro's overall financial position and show how it may be relating to other accounts over time.
Days Sales Outstanding10 Years Trend
Slightly volatile
   Days Sales Outstanding   
41.061.343.835.925.733.246.649%-28%-18%-28%29%40%
       Timeline  

GoPro Days Sales Outstanding Regression Statistics

Arithmetic Mean44.44
Geometric Mean43.24
Coefficient Of Variation23.34
Mean Deviation8.48
Median45.42
Standard Deviation10.37
Sample Variance107.61
Range35.5958
R-Value(0.54)
Mean Square Error82.02
R-Squared0.29
Significance0.04
Slope(1.25)
Total Sum of Squares1,507

GoPro Days Sales Outstanding History

2024 46.63
2023 33.2
2022 25.7
2021 35.91
2020 43.89
2019 61.3
2018 41.07

About GoPro Financial Statements

GoPro investors utilize fundamental indicators, such as Days Sales Outstanding, to predict how GoPro Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Days Sales Outstanding 33.20  46.63 

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.

Moving against GoPro Stock

  0.33FOSL Fossil GroupPairCorr
  0.31KTB Kontoor BrandsPairCorr
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 the analysis of GoPro Correlation against competitors.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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
(2.61)
Revenue Per Share
5.891
Quarterly Revenue Growth
(0.12)
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.
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