Globe Inventory vs Common Stock Analysis
GBE Stock | 0.04 0 2.38% |
Globe Metals financial indicator trend analysis is much more than just examining Globe Metals Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globe Metals Mining is a good investment. Please check the relationship between Globe Metals Inventory and its Common Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe Metals Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Inventory vs Common Stock
Inventory vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Globe Metals Mining Inventory account and Common Stock. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Globe Metals' Inventory and Common Stock is 0.56. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Common Stock in the same time period over historical financial statements of Globe Metals Mining, assuming nothing else is changed. The correlation between historical values of Globe Metals' Inventory and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Globe Metals Mining are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Inventory i.e., Globe Metals' Inventory and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Inventory
Common Stock
Most indicators from Globe Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globe Metals Mining 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 Globe Metals Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. Selling General Administrative is likely to drop to about 1.3 M in 2024. Issuance Of Capital Stock is likely to drop to about 831.2 K in 2024
2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 60K | 22K | 19.8K | 26.4K | Interest Income | 2K | 347K | 399.1K | 419.0K |
Globe Metals fundamental ratios Correlations
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Globe Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Globe Metals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 34.0M | 32.7M | 30.9M | 30.9M | 33.0M | 21.9M | |
Other Current Liab | 250K | 337K | 302K | 114K | 30K | 28.5K | |
Total Current Liabilities | 312K | 382K | 1.4M | 967K | 275K | 433.8K | |
Total Stockholder Equity | 33.7M | 32.3M | 29.5M | 29.9M | 32.7M | 21.3M | |
Property Plant And Equipment Net | 183K | 294K | 286K | 102K | 31.7M | 33.3M | |
Net Debt | (5.2M) | (2.8M) | 616.0K | 581K | (1.1M) | (1.2M) | |
Retained Earnings | (47.1M) | (48.5M) | (51.2M) | (53.9M) | (57.3M) | (54.5M) | |
Accounts Payable | 62K | 21K | 10K | 28K | 245K | 257.3K | |
Cash | 5.2M | 2.8M | 431K | 244K | 1.1M | 1.1M | |
Non Current Assets Total | 28.6M | 29.7M | 30.3M | 30.5M | 31.7M | 33.3M | |
Cash And Short Term Investments | 5.2M | 2.8M | 431K | 244K | 1.1M | 1.1M | |
Net Receivables | 84K | 57K | 50K | 108K | 88K | 116.2K | |
Liabilities And Stockholders Equity | 34.0M | 32.7M | 30.9M | 30.9M | 33.0M | 36.4M | |
Other Current Assets | 116K | 104K | 114K | 50K | 57K | 63.9K | |
Total Liab | 312K | 404K | 1.4M | 967K | 275K | 434.8K | |
Property Plant And Equipment Gross | 28.5M | 30.3M | 30.9M | 30.8M | 35.5M | 23.7M | |
Total Current Assets | 5.4M | 3.0M | 595K | 402K | 1.3M | 1.2M | |
Accumulated Other Comprehensive Income | 34K | 18K | (10K) | 129K | 511K | 447.6K | |
Property Plant Equipment | 28.5M | 29.7M | 30.2M | 30.5M | 35.0M | 23.6M | |
Inventory | 63K | 61K | 66K | 8K | (88K) | (83.6K) | |
Non Currrent Assets Other | 28.3M | 29.4M | 30.0M | 30.4M | 34.9M | 36.7M | |
Net Tangible Assets | 33.7M | 32.3M | 29.5M | 29.9M | 26.9M | 29.7M | |
Long Term Investments | 68K | 52K | 24K | 12K | 10.8K | 10.3K | |
Cash And Equivalents | 9.3M | 7.4M | 5.2M | 2.8M | 2.5M | 2.4M | |
Net Invested Capital | 33.7M | 32.3M | 30.5M | 30.7M | 27.7M | 27.1M | |
Net Working Capital | 5.1M | 2.6M | (764K) | (565K) | (508.5K) | (483.1K) |
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Additional Tools for Globe Stock Analysis
When running Globe Metals' price analysis, check to measure Globe Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Globe Metals is operating at the current time. Most of Globe Metals' value examination focuses on studying past and present price action to predict the probability of Globe Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Metals' price. Additionally, you may evaluate how the addition of Globe Metals to your portfolios can decrease your overall portfolio volatility.