1847 Goedeker Total Assets vs Asset Turnover Analysis

GOED
 Stock
  

USD 1.22  0.03  2.40%   

1847 Goedeker financial indicator trend analysis is way more than just evaluating 1847 Goedeker prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 1847 Goedeker is a good investment. Please check the relationship between 1847 Goedeker Total Assets and its Asset Turnover accounts. Please check Risk vs Return Analysis.

Total Assets vs Asset Turnover

Total Assets vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 1847 Goedeker Total Assets account and Asset Turnover. At this time, the significance of the direction appears to have pay attention.
The correlation between 1847 Goedeker's Total Assets and Asset Turnover is -0.99. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of 1847 Goedeker, assuming nothing else is changed. The correlation between historical values of 1847 Goedeker's Total Assets and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of 1847 Goedeker are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Total Assets i.e., 1847 Goedeker's Total Assets and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.99
Relationship DirectionNegative 
Relationship StrengthSignificant

Total Assets

Total assets refers to the total amount of 1847 Goedeker assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in 1847 Goedeker books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; Goodwill and Intangible Assets; Property Plant and Equipment Net; [TaxAssets] and Trade and Non Trade Receivables.

Asset Turnover

Asset turnover is a measure of a firms operating efficiency; calculated by dividing Revenues by Average Assets. Often a component of DuPont ROE analysis.
Most indicators from 1847 Goedeker fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 1847 Goedeker 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. Please check Risk vs Return Analysis.The current year Enterprise Value over EBITDA is expected to grow to 21.34, whereas Selling General and Administrative Expense is forecasted to decline to about 22.9 M.
 2010 2019 2021 2022 (projected)
Interest Expense149871 K3.2 M3.45 M
Gross Profit10.9 M7.25 M79.66 M85.95 M

1847 Goedeker fundamental ratios Correlations

1.01.00.980.990.990.990.630.990.991.00.990.940.991.01.01.0-1.0
1.01.00.980.990.990.990.650.990.991.00.990.950.991.01.00.99-1.0
1.01.00.980.990.990.990.620.990.991.00.990.940.990.991.01.0-1.0
0.980.980.980.960.960.960.780.950.960.981.00.980.960.990.990.96-0.97
0.990.990.990.961.01.00.590.991.00.990.970.941.00.980.990.99-0.99
0.990.990.990.961.01.00.590.991.00.990.970.941.00.980.990.99-0.99
0.990.990.990.961.01.00.590.991.00.990.970.941.00.980.990.99-0.99
0.630.650.620.780.590.590.590.530.590.630.740.820.590.70.660.57-0.59
0.990.990.990.950.990.990.990.530.990.990.960.90.990.980.991.0-1.0
0.990.990.990.961.01.01.00.590.990.990.970.941.00.980.990.99-0.99
1.01.01.00.980.990.990.990.630.990.990.990.940.991.01.01.0-1.0
0.990.990.991.00.970.970.970.740.960.970.990.980.971.00.990.97-0.98
0.940.950.940.980.940.940.940.820.90.940.940.980.940.970.950.92-0.93
0.990.990.990.961.01.01.00.590.991.00.990.970.940.980.990.99-0.99
1.01.00.990.990.980.980.980.70.980.981.01.00.970.981.00.99-0.99
1.01.01.00.990.990.990.990.660.990.991.00.990.950.991.00.99-1.0
1.00.991.00.960.990.990.990.571.00.991.00.970.920.990.990.99-1.0
-1.0-1.0-1.0-0.97-0.99-0.99-0.99-0.59-1.0-0.99-1.0-0.98-0.93-0.99-0.99-1.0-1.0
Click cells to compare fundamentals

1847 Goedeker Account Relationship Matchups

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Please check Risk vs Return Analysis. Note that the 1847 Goedeker information on this page should be used as a complementary analysis to other 1847 Goedeker'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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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Is 1847 Goedeker'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 1847 Goedeker. If investors know 1847 Goedeker 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 1847 Goedeker listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
139.4 M
Quarterly Revenue Growth YOY
10.15
Return On Assets
0.13
Return On Equity
0.17
The market value of 1847 Goedeker is measured differently than its book value, which is the value of 1847 Goedeker that is recorded on the company's balance sheet. Investors also form their own opinion of 1847 Goedeker's value that differs from its market value or its book value, called intrinsic value, which is 1847 Goedeker'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 1847 Goedeker's market value can be influenced by many factors that don't directly affect 1847 Goedeker'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 1847 Goedeker's value and its price as these two are different measures arrived at by different means. Investors typically determine 1847 Goedeker value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 1847 Goedeker'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.