Bluescope Good Will vs Non Current Assets Total Analysis

BSL Stock

22.43 1.18 5.55%

Bluescope Steel financial indicator trend analysis is way more than just evaluating Bluescope Steel prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bluescope Steel is a good investment. Please check the relationship between Bluescope Steel Good Will and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bluescope Steel. 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.

Good Will vs Non Current Assets Total

Good Will vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bluescope Steel Good Will account and Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Bluescope Steel's Good Will and Non Current Assets Total is 0.88. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Bluescope Steel, assuming nothing else is changed. The correlation between historical values of Bluescope Steel's Good Will and Non Current Assets Total 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 Bluescope Steel are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Good Will i.e., Bluescope Steel's Good Will and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most indicators from Bluescope Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bluescope Steel 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 Bluescope Steel. 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.

At this time, Bluescope Steel's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 7 M in 2024, whereas Tax Provision is likely to drop slightly above 290.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	4.7B	2.6B	6.7B	4.1B
Total Revenue	19.0B	18.2B	17.1B	10.8B

Gross Profit Total Revenue

Bluescope Steel fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Common Stock Shares Outstanding		-0.34	0.05	-0.38	-0.36	-0.39	-0.24	-0.37	-0.44	0.24	-0.7	-0.12	-0.17	-0.37	0.1	0.25	0.81	-0.17	-0.42	-0.42	0.29	-0.52	-0.51	-0.38	-0.11	0.03
Total Assets	-0.34		-0.25	0.97	0.78	0.99	0.81	0.95	0.92	-0.79	0.8	0.91	0.85	0.98	-0.69	0.2	-0.29	0.85	0.39	0.87	0.2	0.8	0.62	0.97	0.85	-0.18
Short Long Term Debt Total	0.05	-0.25		-0.15	0.29	-0.35	-0.45	-0.48	-0.22	0.65	-0.08	-0.4	-0.07	-0.35	-0.13	-0.35	-0.2	-0.07	0.6	-0.17	-0.86	-0.08	-0.19	-0.34	-0.11	-0.01
Other Current Liab	-0.38	0.97	-0.15		0.86	0.94	0.73	0.88	0.9	-0.76	0.78	0.9	0.89	0.92	-0.76	0.15	-0.33	0.89	0.47	0.8	0.09	0.77	0.62	0.96	0.86	-0.18
Total Current Liabilities	-0.36	0.78	0.29	0.86		0.71	0.39	0.59	0.81	-0.38	0.72	0.68	0.73	0.67	-0.73	-0.1	-0.51	0.73	0.81	0.67	-0.32	0.66	0.37	0.77	0.8	0.05
Total Stockholder Equity	-0.39	0.99	-0.35	0.94	0.71		0.81	0.97	0.92	-0.8	0.8	0.88	0.8	0.98	-0.62	0.19	-0.32	0.8	0.34	0.85	0.24	0.79	0.6	0.97	0.8	-0.16
Other Liab	-0.24	0.81	-0.45	0.73	0.39	0.81		0.85	0.65	-0.74	0.5	0.79	0.65	0.88	-0.46	0.43	0.09	0.65	-0.11	0.74	0.53	0.59	0.71	0.76	0.62	-0.43
Property Plant And Equipment Net	-0.37	0.95	-0.48	0.88	0.59	0.97	0.85		0.89	-0.83	0.76	0.88	0.72	0.98	-0.53	0.19	-0.25	0.72	0.18	0.83	0.41	0.72	0.65	0.95	0.74	-0.2
Current Deferred Revenue	-0.44	0.92	-0.22	0.9	0.81	0.92	0.65	0.89		-0.63	0.8	0.81	0.65	0.9	-0.63	-0.08	-0.5	0.65	0.53	0.78	0.12	0.65	0.54	0.96	0.82	0.0
Net Debt	0.24	-0.79	0.65	-0.76	-0.38	-0.8	-0.74	-0.83	-0.63		-0.58	-0.86	-0.78	-0.79	0.47	-0.5	0.01	-0.78	0.1	-0.68	-0.53	-0.69	-0.59	-0.78	-0.63	0.21
Retained Earnings	-0.7	0.8	-0.08	0.78	0.72	0.8	0.5	0.76	0.8	-0.58		0.59	0.6	0.78	-0.42	-0.06	-0.7	0.6	0.58	0.88	-0.15	0.87	0.53	0.78	0.61	-0.04
Accounts Payable	-0.12	0.91	-0.4	0.9	0.68	0.88	0.79	0.88	0.81	-0.86	0.59		0.83	0.88	-0.67	0.33	-0.03	0.83	0.16	0.76	0.44	0.64	0.53	0.91	0.88	-0.11
Cash	-0.17	0.85	-0.07	0.89	0.73	0.8	0.65	0.72	0.65	-0.78	0.6	0.83		0.77	-0.78	0.4	-0.07	1.0	0.32	0.67	0.05	0.77	0.6	0.77	0.75	-0.3
Non Current Assets Total	-0.37	0.98	-0.35	0.92	0.67	0.98	0.88	0.98	0.9	-0.79	0.78	0.88	0.77		-0.6	0.2	-0.25	0.77	0.26	0.88	0.3	0.76	0.68	0.95	0.79	-0.25
Non Currrent Assets Other	0.1	-0.69	-0.13	-0.76	-0.73	-0.62	-0.46	-0.53	-0.63	0.47	-0.42	-0.67	-0.78	-0.6		-0.17	0.1	-0.78	-0.43	-0.48	0.08	-0.51	-0.52	-0.64	-0.73	0.36
Other Assets	0.25	0.2	-0.35	0.15	-0.1	0.19	0.43	0.19	-0.08	-0.5	-0.06	0.33	0.4	0.2	-0.17		0.52	0.4	-0.49	0.19	0.43	0.39	0.22	0.13	0.14	-0.52
Long Term Debt	0.81	-0.29	-0.2	-0.33	-0.51	-0.32	0.09	-0.25	-0.5	0.01	-0.7	-0.03	-0.07	-0.25	0.1	0.52		-0.07	-0.75	-0.33	0.55	-0.42	-0.15	-0.35	-0.13	-0.25
Cash And Short Term Investments	-0.17	0.85	-0.07	0.89	0.73	0.8	0.65	0.72	0.65	-0.78	0.6	0.83	1.0	0.77	-0.78	0.4	-0.07		0.32	0.67	0.05	0.77	0.6	0.77	0.75	-0.3
Net Receivables	-0.42	0.39	0.6	0.47	0.81	0.34	-0.11	0.18	0.53	0.1	0.58	0.16	0.32	0.26	-0.43	-0.49	-0.75	0.32		0.34	-0.74	0.4	0.05	0.38	0.43	0.29
Good Will	-0.42	0.87	-0.17	0.8	0.67	0.85	0.74	0.83	0.78	-0.68	0.88	0.76	0.67	0.88	-0.48	0.19	-0.33	0.67	0.34		0.13	0.84	0.56	0.81	0.75	-0.18
Common Stock Total Equity	0.29	0.2	-0.86	0.09	-0.32	0.24	0.53	0.41	0.12	-0.53	-0.15	0.44	0.05	0.3	0.08	0.43	0.55	0.05	-0.74	0.13		-0.09	0.17	0.26	0.17	-0.12
Short Term Investments	-0.52	0.8	-0.08	0.77	0.66	0.79	0.59	0.72	0.65	-0.69	0.87	0.64	0.77	0.76	-0.51	0.39	-0.42	0.77	0.4	0.84	-0.09		0.56	0.72	0.61	-0.28
Non Current Liabilities Total	-0.51	0.62	-0.19	0.62	0.37	0.6	0.71	0.65	0.54	-0.59	0.53	0.53	0.6	0.68	-0.52	0.22	-0.15	0.6	0.05	0.56	0.17	0.56		0.58	0.49	-0.6
Inventory	-0.38	0.97	-0.34	0.96	0.77	0.97	0.76	0.95	0.96	-0.78	0.78	0.91	0.77	0.95	-0.64	0.13	-0.35	0.77	0.38	0.81	0.26	0.72	0.58		0.83	-0.1
Other Current Assets	-0.11	0.85	-0.11	0.86	0.8	0.8	0.62	0.74	0.82	-0.63	0.61	0.88	0.75	0.79	-0.73	0.14	-0.13	0.75	0.43	0.75	0.17	0.61	0.49	0.83		-0.02
Other Stockholder Equity	0.03	-0.18	-0.01	-0.18	0.05	-0.16	-0.43	-0.2	0.0	0.21	-0.04	-0.11	-0.3	-0.25	0.36	-0.52	-0.25	-0.3	0.29	-0.18	-0.12	-0.28	-0.6	-0.1	-0.02

Click cells to compare fundamentals

Bluescope Steel Account Relationship Matchups

Bluescope Steel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	511.5M	508.1M	495.5M	467.6M	450.9M	430.7M
Total Assets	11.6B	13.1B	16.6B	15.9B	15.7B	10.2B
Short Long Term Debt Total	1.3B	1.2B	1.3B	786.5M	721.5M	864.7M
Other Current Liab	1.1B	1.3B	1.7B	1.5B	1.3B	854.2M
Total Current Liabilities	2.5B	3.3B	4.7B	3.5B	3.1B	2.6B
Total Stockholder Equity	6.5B	7.6B	9.8B	10.5B	10.7B	5.8B
Other Liab	877.9M	712.8M	816.8M	815.8M	938.2M	575.0M
Property Plant And Equipment Net	4.5B	4.9B	5.7B	6.0B	6.5B	4.4B
Current Deferred Revenue	205M	298.6M	684M	592.9M	521.2M	281.6M
Net Debt	(79.1M)	(798.1M)	(367.1M)	(703.3M)	(364M)	(345.8M)
Retained Earnings	2.6B	3.8B	6.3B	7.1B	7.7B	8.1B
Accounts Payable	1.2B	1.7B	2.2B	1.7B	1.5B	1.2B
Cash	1.4B	2.0B	1.7B	1.5B	1.1B	696.0M
Non Current Assets Total	7.0B	7.0B	8.7B	9.2B	9.6B	5.9B
Non Currrent Assets Other	(1.1B)	(999.3M)	(1.5B)	(1.6B)	140.8M	147.8M
Other Assets	549M	342.9M	288.7M	218.9M	251.7M	310.4M
Long Term Debt	662.8M	548.8M	166.6M	181.4M	90.4M	85.9M
Cash And Short Term Investments	1.4B	2.0B	1.7B	1.5B	1.1B	696.3M
Net Receivables	1.1B	1.5B	2.0B	1.8B	1.6B	1.4B
Good Will	1.3B	1.2B	1.8B	1.9B	1.9B	2.0B
Liabilities And Stockholders Equity	11.6B	13.1B	16.6B	15.9B	15.7B	10.2B
Non Current Liabilities Total	2.0B	1.7B	1.4B	1.4B	1.3B	1.3B
Inventory	1.9B	2.3B	3.7B	3.1B	3.2B	1.9B
Other Current Assets	170.5M	330.4M	469M	359.5M	230.8M	182.6M
Other Stockholder Equity	(6.2B)	(900K)	(29.7M)	(37.5M)	(20.8M)	(21.8M)
Total Liab	4.5B	5.0B	6.2B	4.9B	4.4B	4.1B
Property Plant And Equipment Gross	4.5B	14.8B	15.8B	16.8B	17.7B	18.5B
Total Current Assets	4.6B	6.1B	7.9B	6.8B	6.1B	4.1B
Accumulated Other Comprehensive Income	354.6M	156.9M	516.9M	693.5M	665.4M	698.7M
Short Term Debt	218.6M	169M	713.1M	172.3M	190.8M	290.7M
Intangible Assets	1.7B	1.5B	2.4B	2.5B	854.6M	619.6M
Common Stock	3.6B	3.7B	3.0B	2.7B	2.4B	3.6B
Property Plant Equipment	4.5B	4.9B	5.6B	6.0B	6.9B	4.3B
Net Tangible Assets	4.7B	6.0B	7.2B	7.7B	8.9B	5.4B
Deferred Long Term Liab	15.9M	16.3M	11.5M	7.3M	8.4M	10.2M
Long Term Investments	105.2M	137.2M	170.4M	168.4M	147M	128.3M
Short Long Term Debt	121.2M	73.7M	610.6M	63.4M	94.8M	169.4M
Long Term Debt Total	1.1B	994.8M	602.5M	614.2M	552.8M	686.9M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Bluescope Stock Analysis

When running Bluescope Steel's price analysis, check to measure Bluescope Steel's 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 Bluescope Steel is operating at the current time. Most of Bluescope Steel's value examination focuses on studying past and present price action to predict the probability of Bluescope Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bluescope Steel's price. Additionally, you may evaluate how the addition of Bluescope Steel to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC