Globe Common Stock vs Net Receivables Analysis

GBE Stock

0.04 0 2.38%

Globe Metals financial indicator trend analysis is much more than just examining Globe Metals Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globe Metals Mining is a good investment. Please check the relationship between Globe Metals Common Stock and its Net Receivables accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe Metals Mining. 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.

Common Stock vs Net Receivables

Common Stock vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Globe Metals Mining Common Stock account and Net Receivables. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Globe Metals' Common Stock and Net Receivables is 0.19. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Globe Metals Mining, assuming nothing else is changed. The correlation between historical values of Globe Metals' Common Stock and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Globe Metals Mining are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Common Stock i.e., Globe Metals' Common Stock and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.19

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Common Stock

Net Receivables

Most indicators from Globe Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globe Metals Mining 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe Metals Mining. 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.

Selling General Administrative is likely to drop to about 1.3 M in 2024. Issuance Of Capital Stock is likely to drop to about 831.2 K in 2024

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	60K	22K	19.8K	26.4K
Interest Income	2K	347K	399.1K	419.0K

Reconciled Depreciation Interest Income

Globe Metals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Property Plant Equipment	Short Term Investments	Inventory	Non Currrent Assets Other	Net Tangible Assets	Other Stockholder Equity	Long Term Investments
Total Assets		0.76	0.83	1.0	0.54	-0.64	-0.74	0.63	0.65	0.86	0.65	0.44	0.12	0.25	0.88	0.83	0.12	0.66	0.89	0.11	0.07	0.76	0.51	-0.16	-0.2	-0.03
Other Current Liab	0.76		0.83	0.75	0.39	-0.95	-0.15	0.66	0.95	0.36	0.95	0.68	-0.06	-0.2	0.97	0.83	-0.16	0.95	0.42	-0.16	0.28	0.75	-0.14	0.41	-0.58	0.28
Total Current Liabilities	0.83	0.83		0.82	0.35	-0.71	-0.46	0.61	0.74	0.59	0.74	0.53	0.02	0.04	0.88	1.0	-0.04	0.74	0.64	-0.05	0.26	0.72	0.22	0.05	-0.33	-0.11
Total Stockholder Equity	1.0	0.75	0.82		0.55	-0.63	-0.75	0.63	0.65	0.86	0.65	0.43	0.12	0.25	0.88	0.82	0.12	0.65	0.89	0.11	0.06	0.76	0.52	-0.16	-0.2	-0.02
Property Plant And Equipment Net	0.54	0.39	0.35	0.55		-0.4	-0.45	0.71	0.39	0.56	0.39	0.4	0.01	0.26	0.48	0.35	0.07	0.39	0.57	0.07	0.33	0.23	0.31	-0.08	-0.2	-0.4
Net Debt	-0.64	-0.95	-0.71	-0.63	-0.4		0.0	-0.78	-1.0	-0.19	-1.0	-0.72	0.16	0.26	-0.89	-0.71	0.32	-1.0	-0.28	0.31	-0.32	-0.64	0.24	-0.5	0.63	-0.31
Retained Earnings	-0.74	-0.15	-0.46	-0.75	-0.45	0.0		-0.31	-0.02	-0.97	-0.02	0.02	-0.23	-0.61	-0.38	-0.46	-0.34	-0.02	-0.96	-0.32	0.17	-0.39	-0.95	0.68	-0.3	0.38
Accounts Payable	0.63	0.66	0.61	0.63	0.71	-0.78	-0.31		0.78	0.41	0.78	0.6	-0.05	0.11	0.72	0.61	-0.19	0.78	0.52	-0.19	0.31	0.39	0.17	0.08	-0.33	-0.17
Cash	0.65	0.95	0.74	0.65	0.39	-1.0	-0.02	0.78		0.21	1.0	0.72	-0.16	-0.26	0.9	0.74	-0.31	1.0	0.3	-0.31	0.32	0.65	-0.23	0.49	-0.62	0.29
Non Current Assets Total	0.86	0.36	0.59	0.86	0.56	-0.19	-0.97	0.41	0.21		0.21	0.14	0.19	0.52	0.57	0.59	0.3	0.22	0.99	0.28	-0.09	0.54	0.84	-0.53	0.14	-0.29
Cash And Short Term Investments	0.65	0.95	0.74	0.65	0.39	-1.0	-0.02	0.78	1.0	0.21		0.72	-0.16	-0.26	0.9	0.74	-0.31	1.0	0.3	-0.31	0.32	0.65	-0.23	0.49	-0.62	0.29
Net Receivables	0.44	0.68	0.53	0.43	0.4	-0.72	0.02	0.6	0.72	0.14	0.72		0.02	0.01	0.63	0.53	-0.05	0.72	0.19	-0.04	0.31	0.27	-0.22	0.4	-0.26	0.01
Common Stock Total Equity	0.12	-0.06	0.02	0.12	0.01	0.16	-0.23	-0.05	-0.16	0.19	-0.16	0.02		0.42	0.02	0.02	0.95	-0.15	0.17	0.95	-0.31	-0.22	0.23	-0.44	0.53	-0.15
Common Stock Shares Outstanding	0.25	-0.2	0.04	0.25	0.26	0.26	-0.61	0.11	-0.26	0.52	-0.26	0.01	0.42		-0.02	0.05	0.52	-0.25	0.51	0.51	-0.49	-0.23	0.68	-0.61	0.45	-0.31
Other Current Assets	0.88	0.97	0.88	0.88	0.48	-0.89	-0.38	0.72	0.9	0.57	0.9	0.63	0.02	-0.02		0.88	-0.06	0.9	0.62	-0.06	0.19	0.78	0.11	0.21	-0.44	0.2
Total Liab	0.83	0.83	1.0	0.82	0.35	-0.71	-0.46	0.61	0.74	0.59	0.74	0.53	0.02	0.05	0.88		-0.04	0.74	0.65	-0.05	0.26	0.73	0.23	0.05	-0.33	-0.11
Property Plant And Equipment Gross	0.12	-0.16	-0.04	0.12	0.07	0.32	-0.34	-0.19	-0.31	0.3	-0.31	-0.05	0.95	0.52	-0.06	-0.04		-0.31	0.23	1.0	-0.28	-0.27	0.33	-0.48	0.54	-0.23
Total Current Assets	0.66	0.95	0.74	0.65	0.39	-1.0	-0.02	0.78	1.0	0.22	1.0	0.72	-0.15	-0.25	0.9	0.74	-0.31		0.31	-0.3	0.32	0.65	-0.22	0.49	-0.62	0.29
Common Stock	0.89	0.42	0.64	0.89	0.57	-0.28	-0.96	0.52	0.3	0.99	0.3	0.19	0.17	0.51	0.62	0.65	0.23	0.31		0.22	-0.07	0.56	0.83	-0.51	0.11	-0.28
Property Plant Equipment	0.11	-0.16	-0.05	0.11	0.07	0.31	-0.32	-0.19	-0.31	0.28	-0.31	-0.04	0.95	0.51	-0.06	-0.05	1.0	-0.3	0.22		-0.28	-0.28	0.31	-0.46	0.53	-0.22
Short Term Investments	0.07	0.28	0.26	0.06	0.33	-0.32	0.17	0.31	0.32	-0.09	0.32	0.31	-0.31	-0.49	0.19	0.26	-0.28	0.32	-0.07	-0.28		-0.04	-0.28	0.57	-0.6	-0.3
Inventory	0.76	0.75	0.72	0.76	0.23	-0.64	-0.39	0.39	0.65	0.54	0.65	0.27	-0.22	-0.23	0.78	0.73	-0.27	0.65	0.56	-0.28	-0.04		0.17	-0.01	-0.26	0.23
Non Currrent Assets Other	0.51	-0.14	0.22	0.52	0.31	0.24	-0.95	0.17	-0.23	0.84	-0.23	-0.22	0.23	0.68	0.11	0.23	0.33	-0.22	0.83	0.31	-0.28	0.17		-0.81	0.49	-0.43
Net Tangible Assets	-0.16	0.41	0.05	-0.16	-0.08	-0.5	0.68	0.08	0.49	-0.53	0.49	0.4	-0.44	-0.61	0.21	0.05	-0.48	0.49	-0.51	-0.46	0.57	-0.01	-0.81		-0.83	0.48
Other Stockholder Equity	-0.2	-0.58	-0.33	-0.2	-0.2	0.63	-0.3	-0.33	-0.62	0.14	-0.62	-0.26	0.53	0.45	-0.44	-0.33	0.54	-0.62	0.11	0.53	-0.6	-0.26	0.49	-0.83		-0.34
Long Term Investments	-0.03	0.28	-0.11	-0.02	-0.4	-0.31	0.38	-0.17	0.29	-0.29	0.29	0.01	-0.15	-0.31	0.2	-0.11	-0.23	0.29	-0.28	-0.22	-0.3	0.23	-0.43	0.48	-0.34

Click cells to compare fundamentals

Globe Metals Account Relationship Matchups

Globe Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	34.0M	32.7M	30.9M	30.9M	33.0M	21.9M
Other Current Liab	250K	337K	302K	114K	30K	28.5K
Total Current Liabilities	312K	382K	1.4M	967K	275K	433.8K
Total Stockholder Equity	33.7M	32.3M	29.5M	29.9M	32.7M	21.3M
Property Plant And Equipment Net	183K	294K	286K	102K	31.7M	33.3M
Net Debt	(5.2M)	(2.8M)	616.0K	581K	(1.1M)	(1.2M)
Retained Earnings	(47.1M)	(48.5M)	(51.2M)	(53.9M)	(57.3M)	(54.5M)
Accounts Payable	62K	21K	10K	28K	245K	257.3K
Cash	5.2M	2.8M	431K	244K	1.1M	1.1M
Non Current Assets Total	28.6M	29.7M	30.3M	30.5M	31.7M	33.3M
Cash And Short Term Investments	5.2M	2.8M	431K	244K	1.1M	1.1M
Net Receivables	84K	57K	50K	108K	88K	116.2K
Liabilities And Stockholders Equity	34.0M	32.7M	30.9M	30.9M	33.0M	36.4M
Other Current Assets	116K	104K	114K	50K	57K	63.9K
Total Liab	312K	404K	1.4M	967K	275K	434.8K
Property Plant And Equipment Gross	28.5M	30.3M	30.9M	30.8M	35.5M	23.7M
Total Current Assets	5.4M	3.0M	595K	402K	1.3M	1.2M
Accumulated Other Comprehensive Income	34K	18K	(10K)	129K	511K	447.6K
Property Plant Equipment	28.5M	29.7M	30.2M	30.5M	35.0M	23.6M
Inventory	63K	61K	66K	8K	(88K)	(83.6K)
Non Currrent Assets Other	28.3M	29.4M	30.0M	30.4M	34.9M	36.7M
Net Tangible Assets	33.7M	32.3M	29.5M	29.9M	26.9M	29.7M
Long Term Investments	68K	52K	24K	12K	10.8K	10.3K
Cash And Equivalents	9.3M	7.4M	5.2M	2.8M	2.5M	2.4M
Net Invested Capital	33.7M	32.3M	30.5M	30.7M	27.7M	27.1M
Net Working Capital	5.1M	2.6M	(764K)	(565K)	(508.5K)	(483.1K)

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 Globe Stock Analysis

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