BlueLinx Good Will vs Total Assets Analysis
BXC Stock | USD 127.53 4.17 3.38% |
BlueLinx Holdings financial indicator trend analysis is way more than just evaluating BlueLinx Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BlueLinx Holdings is a good investment. Please check the relationship between BlueLinx Holdings Good Will and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BlueLinx Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. For information on how to trade BlueLinx Stock refer to our How to Trade BlueLinx Stock guide.
Good Will vs Total Assets
Good Will vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BlueLinx Holdings Good Will account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between BlueLinx Holdings' Good Will and Total Assets is 0.76. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Assets in the same time period over historical financial statements of BlueLinx Holdings, assuming nothing else is changed. The correlation between historical values of BlueLinx Holdings' Good Will and Total Assets 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 BlueLinx Holdings are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Good Will i.e., BlueLinx Holdings' Good Will and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.Total Assets
Total assets refers to the total amount of BlueLinx Holdings 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 BlueLinx Holdings 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. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from BlueLinx Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BlueLinx Holdings 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 BlueLinx Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. For information on how to trade BlueLinx Stock refer to our How to Trade BlueLinx Stock guide.The current year's Enterprise Value is expected to grow to about 702.6 M, whereas Selling General Administrative is forecasted to decline to about 226.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 778.4M | 833.0M | 527.0M | 406.5M | Total Revenue | 4.3B | 4.5B | 3.1B | 2.5B |
BlueLinx Holdings fundamental ratios Correlations
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BlueLinx Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BlueLinx Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 971.4M | 1.0B | 1.3B | 1.5B | 1.5B | 909.0M | |
Total Stockholder Equity | (26.1M) | 59.1M | 363.2M | 590.0M | 634.3M | 666.0M | |
Other Assets | 69.1M | 83.2M | 80.2M | 71.4M | 64.3M | 86.6M | |
Common Stock Shares Outstanding | 9.4M | 9.5M | 9.9M | 9.4M | 9.0M | 6.5M | |
Liabilities And Stockholders Equity | 971.4M | 1.0B | 1.3B | 1.5B | 1.5B | 909.0M | |
Other Stockholder Equity | 261.0M | 266.7M | 268.1M | 200.7M | 165.1M | 243.6M | |
Total Liab | 997.5M | 989.0M | 954.2M | 900.0M | 903.3M | 658.7M | |
Short Long Term Debt Total | 668.0M | 646.6M | 615.7M | 612.9M | 618.0M | 477.3M | |
Other Current Liab | 19.0M | 40.3M | 40.7M | 40.6M | 12.2M | 21.2M | |
Total Current Liabilities | 171.1M | 229.0M | 243.8M | 210.7M | 218.6M | 143.8M | |
Other Liab | 129.3M | 126.3M | 107.8M | 90.9M | 104.6M | 56.6M | |
Property Plant And Equipment Net | 250.2M | 229.9M | 230.7M | 251.3M | 263.2M | 187.4M | |
Net Debt | 656.4M | 646.5M | 530.5M | 314.0M | 96.2M | 91.4M | |
Accounts Payable | 132.3M | 165.2M | 180M | 151.6M | 157.9M | 131.2M | |
Cash | 11.6M | 82K | 85.2M | 298.9M | 521.7M | 547.8M | |
Non Current Assets Total | 393.4M | 379.7M | 372.3M | 413.1M | 417.2M | 252.7M | |
Non Currrent Assets Other | 15.1M | 20.3M | 19.9M | 15.3M | 14.6M | 13.3M | |
Cash And Short Term Investments | 11.6M | 82K | 85.2M | 298.9M | 521.7M | 547.8M | |
Net Receivables | 192.9M | 293.6M | 339.6M | 251.6M | 228.4M | 167.8M | |
Non Current Liabilities Total | 826.4M | 760.0M | 710.4M | 689.3M | 684.8M | 502.8M | |
Inventory | 345.8M | 342.1M | 488.5M | 484.3M | 343.6M | 326.5M | |
Other Current Assets | 27.7M | 32.6M | 31.9M | 42.1M | 26.6M | 33.0M | |
Property Plant And Equipment Gross | 250.2M | 229.9M | 367.8M | 406.6M | 433.5M | 455.2M | |
Total Current Assets | 578.0M | 668.4M | 945.2M | 1.1B | 1.1B | 653.8M | |
Accumulated Other Comprehensive Income | (37.1M) | (34.6M) | (36.0M) | (29.4M) | (31.4M) | 0.0 | |
Short Term Debt | 15.9M | 24.7M | 19.1M | 14.5M | 34.9M | 28.1M | |
Property Plant Equipment | 308.1M | 229.9M | 230.7M | 251.3M | 289.0M | 184.0M | |
Current Deferred Revenue | 5.3M | 3.9M | 4.0M | 3.9M | 3.5M | 4.9M | |
Retained Earnings | (252.6M) | (171.7M) | 124.4M | 420.6M | 469.1M | 492.6M | |
Long Term Debt | 458.4M | 321.3M | 291.3M | 292.4M | 293.7M | 311.2M | |
Common Stock Total Equity | 92K | 94K | 95K | 97K | 81K | 77.0K | |
Common Stock | 92K | 94K | 95K | 97K | 87K | 82.7K | |
Intangible Assets | 26.4M | 18.9M | 13.6M | 35.0M | 30.8M | 32.3M | |
Net Tangible Assets | (100.2M) | (7.6M) | 301.9M | 499.7M | 574.6M | 603.3M | |
Retained Earnings Total Equity | (252.6M) | (171.7M) | 124.4M | 420.6M | 483.7M | 507.9M | |
Capital Surpluse | 261.0M | 266.7M | 268.1M | 200.7M | 230.9M | 270.4M | |
Non Current Liabilities Other | 367.9M | 25.6M | 22.0M | 20.5M | 17.6M | 16.8M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether BlueLinx Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BlueLinx Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bluelinx Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bluelinx Holdings Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BlueLinx Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. For information on how to trade BlueLinx Stock refer to our How to Trade BlueLinx Stock guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is Trading Companies & Distributors space 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 BlueLinx Holdings. If investors know BlueLinx 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 BlueLinx Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.31) | Earnings Share 3.55 | Revenue Per Share 339.722 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0393 |
The market value of BlueLinx Holdings is measured differently than its book value, which is the value of BlueLinx that is recorded on the company's balance sheet. Investors also form their own opinion of BlueLinx Holdings' value that differs from its market value or its book value, called intrinsic value, which is BlueLinx Holdings' 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 BlueLinx Holdings' market value can be influenced by many factors that don't directly affect BlueLinx Holdings' 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 BlueLinx Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if BlueLinx Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlueLinx Holdings' 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.