Goertek Good Will vs Other Stockholder Equity 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 Good Will and its Other Stockholder Equity 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.

Good Will vs Other Stockholder Equity

Good Will vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goertek Good Will account and Other Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Goertek's Good Will and Other Stockholder Equity is -0.06. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Goertek, assuming nothing else is changed. The correlation between historical values of Goertek's Good Will and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Goertek are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Good Will i.e., Goertek's Good Will and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.06

Relationship Direction	Negative
Relationship Strength	Insignificant

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Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Other Stockholder Equity

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 Good Will vs Other Stockholder Equity Analysis

Good Will vs Other Stockholder Equity

Good Will vs Other Stockholder Equity Correlation Analysis

Correlation Coefficient

Good Will

Other Stockholder Equity

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

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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