GreenTech Investments vs Net Income Analysis

688466 Stock

15.75 0.84 5.63%

GreenTech Environmental financial indicator trend analysis is much more than just examining GreenTech Environmental latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GreenTech Environmental is a good investment. Please check the relationship between GreenTech Environmental Investments and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GreenTech Environmental Co. 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.

Investments vs Net Income

Investments vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GreenTech Environmental Investments account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between GreenTech Environmental's Investments and Net Income is -0.58. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Net Income in the same time period over historical financial statements of GreenTech Environmental Co, assuming nothing else is changed. The correlation between historical values of GreenTech Environmental's Investments 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 Investments of GreenTech Environmental Co 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 Investments i.e., GreenTech Environmental's Investments and Net Income go up and down completely randomly.

Correlation Coefficient

-0.58

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Net Income

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

Most indicators from GreenTech Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GreenTech Environmental 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 GreenTech Environmental Co. 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 40.8 M, whereas Tax Provision is forecasted to decline to about 10.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	181.3M	228.8M	224.2M	173.8M
Total Revenue	559.5M	670.9M	572.8M	508.3M

Gross Profit Total Revenue

GreenTech Environmental fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Non Currrent Assets Other
Total Assets		0.89	0.98	0.99	0.97	0.99	0.97	0.99	0.86	0.91	0.65	0.97	0.86	0.64	-0.31	0.99	0.91	0.99	0.94	0.48	0.99	0.79	0.94	0.79	0.71	0.86
Other Current Liab	0.89		0.95	0.89	0.88	0.92	0.95	0.91	0.7	0.79	0.44	0.91	0.93	0.44	-0.03	0.9	0.63	0.88	0.8	0.44	0.93	0.62	0.86	0.76	0.56	0.77
Total Current Liabilities	0.98	0.95		0.97	0.95	0.97	1.0	0.98	0.81	0.88	0.57	0.97	0.93	0.57	-0.14	0.99	0.82	0.97	0.89	0.51	0.99	0.73	0.96	0.79	0.65	0.84
Total Stockholder Equity	0.99	0.89	0.97		0.98	0.97	0.97	1.0	0.83	0.91	0.61	0.97	0.84	0.59	-0.37	0.98	0.89	0.96	0.94	0.51	0.99	0.75	0.93	0.83	0.66	0.91
Net Tangible Assets	0.97	0.88	0.95	0.98		0.94	0.95	0.98	0.77	0.84	0.54	0.99	0.84	0.51	-0.34	0.95	0.84	0.92	0.91	0.5	0.98	0.66	0.92	0.91	0.58	0.94
Retained Earnings	0.99	0.92	0.97	0.97	0.94		0.96	0.97	0.85	0.9	0.65	0.96	0.86	0.65	-0.27	0.97	0.87	0.99	0.91	0.47	0.97	0.79	0.9	0.75	0.72	0.82
Accounts Payable	0.97	0.95	1.0	0.97	0.95	0.96		0.98	0.8	0.87	0.55	0.96	0.92	0.55	-0.15	0.98	0.82	0.96	0.89	0.5	0.99	0.72	0.97	0.79	0.65	0.84
Cash	0.99	0.91	0.98	1.0	0.98	0.97	0.98		0.82	0.9	0.58	0.98	0.87	0.56	-0.3	0.98	0.87	0.96	0.93	0.55	1.0	0.73	0.95	0.84	0.63	0.91
Non Current Assets Total	0.86	0.7	0.81	0.83	0.77	0.85	0.8	0.82		0.93	0.93	0.81	0.69	0.93	-0.33	0.84	0.87	0.87	0.94	0.37	0.81	0.98	0.78	0.57	0.93	0.65
Other Assets	0.91	0.79	0.88	0.91	0.84	0.9	0.87	0.9	0.93		0.75	0.85	0.72	0.75	-0.42	0.9	0.88	0.89	0.97	0.61	0.89	0.9	0.82	0.62	0.77	0.81
Long Term Debt	0.65	0.44	0.57	0.61	0.54	0.65	0.55	0.58	0.93	0.75		0.61	0.48	0.99	-0.29	0.62	0.75	0.69	0.78	0.14	0.57	0.95	0.57	0.37	0.94	0.39
Net Receivables	0.97	0.91	0.97	0.97	0.99	0.96	0.96	0.98	0.81	0.85	0.61		0.9	0.58	-0.22	0.97	0.83	0.95	0.91	0.46	0.98	0.71	0.95	0.88	0.64	0.89
Good Will	0.86	0.93	0.93	0.84	0.84	0.86	0.92	0.87	0.69	0.72	0.48	0.9		0.47	0.17	0.91	0.64	0.88	0.74	0.39	0.89	0.61	0.91	0.71	0.54	0.7
Non Current Liabilities Total	0.64	0.44	0.57	0.59	0.51	0.65	0.55	0.56	0.93	0.75	0.99	0.58	0.47		-0.26	0.62	0.75	0.7	0.76	0.13	0.55	0.96	0.56	0.3	0.96	0.35
Inventory	-0.31	-0.03	-0.14	-0.37	-0.34	-0.27	-0.15	-0.3	-0.33	-0.42	-0.29	-0.22	0.17	-0.26		-0.18	-0.44	-0.2	-0.46	-0.19	-0.26	-0.31	-0.08	-0.28	-0.28	-0.46
Other Current Assets	0.99	0.9	0.99	0.98	0.95	0.97	0.98	0.98	0.84	0.9	0.62	0.97	0.91	0.62	-0.18		0.89	0.98	0.91	0.53	0.98	0.77	0.98	0.78	0.67	0.85
Other Stockholder Equity	0.91	0.63	0.82	0.89	0.84	0.87	0.82	0.87	0.87	0.88	0.75	0.83	0.64	0.75	-0.44	0.89		0.91	0.89	0.44	0.84	0.84	0.86	0.6	0.76	0.75
Total Liab	0.99	0.88	0.97	0.96	0.92	0.99	0.96	0.96	0.87	0.89	0.69	0.95	0.88	0.7	-0.2	0.98	0.91		0.9	0.42	0.96	0.82	0.94	0.71	0.76	0.78
Deferred Long Term Liab	0.94	0.8	0.89	0.94	0.91	0.91	0.89	0.93	0.94	0.97	0.78	0.91	0.74	0.76	-0.46	0.91	0.89	0.9		0.51	0.92	0.88	0.85	0.75	0.79	0.85
Short Long Term Debt	0.48	0.44	0.51	0.51	0.5	0.47	0.5	0.55	0.37	0.61	0.14	0.46	0.39	0.13	-0.19	0.53	0.44	0.42	0.51		0.52	0.31	0.48	0.42	0.03	0.69
Total Current Assets	0.99	0.93	0.99	0.99	0.98	0.97	0.99	1.0	0.81	0.89	0.57	0.98	0.89	0.55	-0.26	0.98	0.84	0.96	0.92	0.52		0.72	0.95	0.84	0.64	0.9
Intangible Assets	0.79	0.62	0.73	0.75	0.66	0.79	0.72	0.73	0.98	0.9	0.95	0.71	0.61	0.96	-0.31	0.77	0.84	0.82	0.88	0.31	0.72		0.7	0.41	0.95	0.53
Common Stock	0.94	0.86	0.96	0.93	0.92	0.9	0.97	0.95	0.78	0.82	0.57	0.95	0.91	0.56	-0.08	0.98	0.86	0.94	0.85	0.48	0.95	0.7		0.78	0.61	0.81
Property Plant Equipment	0.79	0.76	0.79	0.83	0.91	0.75	0.79	0.84	0.57	0.62	0.37	0.88	0.71	0.3	-0.28	0.78	0.6	0.71	0.75	0.42	0.84	0.41	0.78		0.36	0.89
Other Liab	0.71	0.56	0.65	0.66	0.58	0.72	0.65	0.63	0.93	0.77	0.94	0.64	0.54	0.96	-0.28	0.67	0.76	0.76	0.79	0.03	0.64	0.95	0.61	0.36		0.37
Non Currrent Assets Other	0.86	0.77	0.84	0.91	0.94	0.82	0.84	0.91	0.65	0.81	0.39	0.89	0.7	0.35	-0.46	0.85	0.75	0.78	0.85	0.69	0.9	0.53	0.81	0.89	0.37

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GreenTech Environmental Account Relationship Matchups

GreenTech Environmental fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	741.6M	1.5B	1.7B	1.8B	2.1B	1.2B
Other Current Liab	98.8M	104.7M	110.0M	129.8M	95.7M	89.7M
Total Current Liabilities	385.9M	507.1M	574.3M	603.0M	599.4M	445.9M
Total Stockholder Equity	335.4M	965.5M	1.0B	1.1B	1.1B	701.1M
Net Tangible Assets	301.7M	932.8M	743.5M	753.9M	866.9M	504.7M
Retained Earnings	182.3M	246.3M	301.4M	340.0M	385.3M	230.8M
Accounts Payable	253.0M	362.5M	398.6M	443.0M	404.2M	309.9M
Cash	194.7M	450.4M	484.5M	470.1M	501.0M	327.1M
Non Current Assets Total	105.4M	275.0M	438.8M	548.2M	850.7M	893.2M
Other Assets	3.6M	19.3M	50.9M	38.9M	44.7M	47.0M
Long Term Debt	10M	7M	40.9M	110.3M	292.4M	307.0M
Net Receivables	157.6M	286.3M	237.9M	244.9M	299.9M	209.2M
Non Current Liabilities Total	13.0M	5.7M	50.5M	142.9M	329.8M	346.3M
Inventory	241.3M	64.7M	57.9M	52.3M	71.8M	89.0M
Other Current Assets	42.6M	67.4M	81.6M	75.9M	95.9M	59.2M
Other Stockholder Equity	511.9K	491.3K	582.0K	637.5K	733.1K	606.3K
Total Liab	398.9M	512.8M	624.9M	745.9M	929.2M	530.0M
Short Long Term Debt	22.9M	24M	53.5M	11.8M	21.3M	24.3M
Total Current Assets	636.2M	1.2B	1.2B	1.3B	1.3B	921.5M
Intangible Assets	30.4M	31.4M	292.6M	410.7M	653.2M	685.8M
Property Plant Equipment	25.1M	68.1M	223.0M	100.0M	115.0M	86.1M
Other Liab	6.0M	5.7M	6.7M	31.7M	36.5M	38.3M
Non Currrent Assets Other	323.5K	370.9K	27.1M	13.3M	16.8M	10.7M
Net Invested Capital	365.3M	989.5M	1.1B	1.2B	1.5B	882.2M
Net Working Capital	250.3M	705.6M	664.6M	698.2M	670.6M	525.5M

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Other Information on Investing in GreenTech Stock

Balance Sheet is a snapshot of the financial position of GreenTech Environmental at a specified time, usually calculated after every quarter, six months, or one year. GreenTech Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GreenTech Environmental 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 GreenTech currently owns. An asset can also be divided into two categories, current and non-current.

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GreenTech Investments vs Net Income Analysis

Investments vs Net Income

Investments vs Net Income Correlation Analysis

Correlation Coefficient

Investments

Net Income

GreenTech Environmental fundamental ratios Correlations

GreenTech Environmental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GreenTech Environmental fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in GreenTech Stock

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COMPANY

Accounts Payable	+ 1.0	Total Current Liabilities
Cash	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Cash	+ 0.99	Total Assets

Non Currrent Assets Other	- 0.46	Inventory
Deferred Long Term Liab	- 0.46	Inventory
Other Stockholder Equity	- 0.44	Inventory
Inventory	- 0.42	Other Assets
Inventory	- 0.37	Total Stockholder Equity
Inventory	- 0.34	Net Tangible Assets