Goertek Free Cash Flow vs Net Income Analysis

002241 Stock

23.45 1.21 4.91%

Goertek financial indicator trend analysis is much more than just examining Goertek latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goertek is a good investment. Please check the relationship between Goertek Free Cash Flow and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Goertek. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goertek Free Cash Flow account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Goertek's Free Cash Flow and Net Income is 0.5. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of Goertek, assuming nothing else is changed. The correlation between historical values of Goertek's Free Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Goertek are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., Goertek's Free Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

0.5

Relationship Direction	Positive
Relationship Strength	Weak

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Goertek financial statement analysis. It represents the amount of money remaining after all of Goertek operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Goertek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goertek 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Goertek. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Selling General Administrative is expected to grow to about 806.6 M, whereas Tax Provision is projected to grow to (216.8 M).

	2021	2022	2023	2024 (projected)
Operating Income	4.7B	3.7B	1.5B	2.0B
Total Revenue	78.2B	104.9B	98.6B	103.5B

Operating Income Total Revenue

Goertek fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		0.52	0.99	0.99	0.97	0.98	0.97	0.96	0.93	0.69	0.98	0.96	0.91	1.0	0.94	0.88	0.99	0.53	0.91	-0.56	0.82	0.77	0.76	0.92	0.8	0.94
Other Current Liab	0.52		0.6	0.49	0.36	0.55	0.64	0.4	0.28	0.0	0.58	0.71	0.25	0.53	0.38	0.36	0.41	-0.35	0.58	-0.34	0.39	0.4	0.42	0.68	0.44	0.56
Total Current Liabilities	0.99	0.6		0.97	0.96	0.96	0.99	0.93	0.91	0.59	0.97	0.98	0.87	0.99	0.9	0.85	0.97	0.45	0.92	-0.56	0.83	0.76	0.78	0.95	0.8	0.95
Total Stockholder Equity	0.99	0.49	0.97		0.95	0.99	0.94	0.94	0.91	0.67	0.99	0.93	0.91	0.98	0.96	0.92	0.99	0.53	0.9	-0.64	0.82	0.81	0.79	0.88	0.83	0.91
Other Liab	0.97	0.36	0.96	0.95		0.93	0.94	0.95	0.97	0.7	0.92	0.91	0.93	0.98	0.91	0.83	0.98	0.66	0.88	-0.49	0.83	0.72	0.73	0.88	0.76	0.93
Retained Earnings	0.98	0.55	0.96	0.99	0.93		0.94	0.91	0.87	0.64	0.99	0.94	0.9	0.97	0.97	0.93	0.97	0.44	0.89	-0.68	0.81	0.85	0.83	0.89	0.87	0.91
Accounts Payable	0.97	0.64	0.99	0.94	0.94	0.94		0.93	0.89	0.6	0.95	0.99	0.85	0.98	0.86	0.8	0.94	0.41	0.91	-0.5	0.79	0.72	0.72	0.97	0.76	0.95
Cash	0.96	0.4	0.93	0.94	0.95	0.91	0.93		0.94	0.8	0.9	0.9	0.85	0.96	0.86	0.78	0.96	0.68	0.85	-0.38	0.75	0.61	0.59	0.87	0.64	0.9
Other Assets	0.93	0.28	0.91	0.91	0.97	0.87	0.89	0.94		0.66	0.86	0.85	0.86	0.93	0.84	0.77	0.95	0.74	0.84	-0.44	0.85	0.64	0.69	0.83	0.66	0.89
Long Term Debt	0.69	0.0	0.59	0.67	0.7	0.64	0.6	0.8	0.66		0.62	0.55	0.69	0.69	0.69	0.56	0.7	0.71	0.51	-0.07	0.38	0.36	0.26	0.53	0.41	0.57
Net Receivables	0.98	0.58	0.97	0.99	0.92	0.99	0.95	0.9	0.86	0.62		0.95	0.88	0.97	0.95	0.92	0.97	0.4	0.89	-0.65	0.81	0.82	0.83	0.9	0.86	0.91
Inventory	0.96	0.71	0.98	0.93	0.91	0.94	0.99	0.9	0.85	0.55	0.95		0.81	0.97	0.85	0.79	0.92	0.33	0.91	-0.51	0.78	0.72	0.73	0.97	0.76	0.94
Other Current Assets	0.91	0.25	0.87	0.91	0.93	0.9	0.85	0.85	0.86	0.69	0.88	0.81		0.9	0.93	0.91	0.94	0.59	0.81	-0.64	0.74	0.83	0.73	0.78	0.82	0.85
Total Liab	1.0	0.53	0.99	0.98	0.98	0.97	0.98	0.96	0.93	0.69	0.97	0.97	0.9		0.92	0.85	0.98	0.53	0.9	-0.51	0.81	0.74	0.74	0.93	0.78	0.94
Intangible Assets	0.94	0.38	0.9	0.96	0.91	0.97	0.86	0.86	0.84	0.69	0.95	0.85	0.93	0.92		0.95	0.95	0.49	0.82	-0.71	0.78	0.87	0.84	0.79	0.9	0.84
Common Stock	0.88	0.36	0.85	0.92	0.83	0.93	0.8	0.78	0.77	0.56	0.92	0.79	0.91	0.85	0.95		0.9	0.4	0.78	-0.82	0.75	0.92	0.85	0.72	0.89	0.78
Property Plant Equipment	0.99	0.41	0.97	0.99	0.98	0.97	0.94	0.96	0.95	0.7	0.97	0.92	0.94	0.98	0.95	0.9		0.61	0.89	-0.59	0.83	0.78	0.77	0.88	0.81	0.92
Good Will	0.53	-0.35	0.45	0.53	0.66	0.44	0.41	0.68	0.74	0.71	0.4	0.33	0.59	0.53	0.49	0.4	0.61		0.41	-0.06	0.46	0.22	0.2	0.35	0.22	0.47
Net Tangible Assets	0.91	0.58	0.92	0.9	0.88	0.89	0.91	0.85	0.84	0.51	0.89	0.91	0.81	0.9	0.82	0.78	0.89	0.41		-0.57	0.91	0.8	0.72	0.97	0.81	0.99
Other Stockholder Equity	-0.56	-0.34	-0.56	-0.64	-0.49	-0.68	-0.5	-0.38	-0.44	-0.07	-0.65	-0.51	-0.64	-0.51	-0.71	-0.82	-0.59	-0.06	-0.57		-0.6	-0.88	-0.81	-0.45	-0.8	-0.51
Deferred Long Term Liab	0.82	0.39	0.83	0.82	0.83	0.81	0.79	0.75	0.85	0.38	0.81	0.78	0.74	0.81	0.78	0.75	0.83	0.46	0.91	-0.6		0.79	0.81	0.84	0.78	0.9
Long Term Investments	0.77	0.4	0.76	0.81	0.72	0.85	0.72	0.61	0.64	0.36	0.82	0.72	0.83	0.74	0.87	0.92	0.78	0.22	0.8	-0.88	0.79		0.89	0.71	0.96	0.76
Short Long Term Debt	0.76	0.42	0.78	0.79	0.73	0.83	0.72	0.59	0.69	0.26	0.83	0.73	0.73	0.74	0.84	0.85	0.77	0.2	0.72	-0.81	0.81	0.89		0.67	0.93	0.71
Total Current Assets	0.92	0.68	0.95	0.88	0.88	0.89	0.97	0.87	0.83	0.53	0.9	0.97	0.78	0.93	0.79	0.72	0.88	0.35	0.97	-0.45	0.84	0.71	0.67		0.75	0.98
Short Term Debt	0.8	0.44	0.8	0.83	0.76	0.87	0.76	0.64	0.66	0.41	0.86	0.76	0.82	0.78	0.9	0.89	0.81	0.22	0.81	-0.8	0.78	0.96	0.93	0.75		0.78
Non Current Assets Total	0.94	0.56	0.95	0.91	0.93	0.91	0.95	0.9	0.89	0.57	0.91	0.94	0.85	0.94	0.84	0.78	0.92	0.47	0.99	-0.51	0.9	0.76	0.71	0.98	0.78

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Goertek Account Relationship Matchups

Goertek fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	34.7B	49.1B	61.1B	77.2B	73.7B	77.4B
Other Current Liab	380.9M	1.0B	2.6B	2.8B	4.7M	4.5M
Total Current Liabilities	17.6B	22.7B	29.8B	42.7B	33.4B	35.1B
Total Stockholder Equity	16.1B	19.7B	27.3B	29.5B	30.8B	32.4B
Other Liab	629.7M	862.0M	930.3M	1.5B	1.7B	1.8B
Retained Earnings	10.3B	12.9B	16.8B	18.0B	17.0B	17.9B
Accounts Payable	9.7B	17.3B	21.3B	30.6B	22.1B	23.2B
Cash	3.6B	7.8B	10.0B	12.7B	14.7B	15.5B
Other Assets	893.5M	793.3M	1.3B	3.0B	3.5B	3.7B
Long Term Debt	343.7M	5.8B	2.2B	2.2B	6.6B	7.0B
Net Receivables	8.2B	10.0B	12.3B	14.4B	12.4B	13.0B
Inventory	5.3B	9.2B	12.1B	17.3B	10.8B	11.3B
Other Current Assets	540.6M	818.4M	573.3M	652.0M	1.0B	1.1B
Total Liab	18.5B	29.4B	33.1B	46.9B	42.2B	44.3B
Intangible Assets	2.7B	2.8B	3.0B	3.1B	3.7B	3.9B
Property Plant Equipment	13.0B	16.8B	20.6B	24.5B	28.1B	29.5B
Net Tangible Assets	13.7B	16.9B	24.5B	26.8B	30.8B	17.3B
Other Stockholder Equity	(84.5M)	205.7M	(100.1M)	122.4M	110.1M	66.3M
Deferred Long Term Liab	440.2M	260.2M	450.2M	698.7M	803.6M	438.1M
Short Long Term Debt	6.2B	3.2B	4.3B	7.1B	5.2B	5.0B
Total Current Assets	17.7B	28.1B	35.2B	45.6B	40.0B	26.4B
Non Current Assets Total	17.0B	21.0B	25.9B	31.6B	33.7B	23.3B
Non Currrent Assets Other	255.6M	17.0B	506.4M	964.1M	683.6M	649.5M
Non Current Liabilities Total	973.3M	6.6B	3.3B	4.2B	8.8B	9.2B
Non Current Liabilities Other	995.7M	606.4M	343.7M	172.3M	348.1M	672.2M
Net Invested Capital	22.6B	28.6B	33.8B	38.8B	42.7B	32.8B
Net Working Capital	146.0M	5.4B	5.4B	2.8B	6.6B	3.7B
Short Term Investments	46.9M	250.8M	119.3M	338.7M	587.4M	616.8M

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Other Information on Investing in Goertek Stock

Balance Sheet is a snapshot of the financial position of Goertek at a specified time, usually calculated after every quarter, six months, or one year. Goertek Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Goertek and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Goertek currently owns. An asset can also be divided into two categories, current and non-current.

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Goertek Free Cash Flow vs Net Income Analysis

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

Correlation Coefficient

Free Cash Flow

Net Income

Goertek fundamental ratios Correlations

Goertek Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Goertek fundamental ratios Accounts

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Other Information on Investing in Goertek Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Total Current Liabilities

Long Term Investments	- 0.88	Other Stockholder Equity
Other Stockholder Equity	- 0.82	Common Stock
Short Long Term Debt	- 0.81	Other Stockholder Equity
Short Term Debt	- 0.8	Other Stockholder Equity
Other Stockholder Equity	- 0.71	Intangible Assets
Other Stockholder Equity	- 0.68	Retained Earnings