Grocery Operating Income vs Interest Expense Analysis
| GO Stock | USD 18.65 0.21 1.14% |
Grocery Outlet financial indicator trend analysis is much more than just examining Grocery Outlet Holding latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grocery Outlet Holding is a good investment. Please check the relationship between Grocery Outlet Operating Income and its Interest Expense accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grocery Outlet Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Operating Income vs Interest Expense
Operating Income vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grocery Outlet Holding Operating Income account and Interest Expense. At this time, the significance of the direction appears to have pay attention.
The correlation between Grocery Outlet's Operating Income and Interest Expense is -0.76. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Grocery Outlet Holding, assuming nothing else is changed. The correlation between historical values of Grocery Outlet's Operating Income and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Grocery Outlet Holding are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Operating Income i.e., Grocery Outlet's Operating Income and Interest Expense go up and down completely randomly.
Correlation Coefficient | -0.76 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Operating Income
Operating Income is the amount of profit realized from Grocery Outlet Holding operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Grocery Outlet Holding is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from Grocery Outlet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grocery Outlet Holding 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 Grocery Outlet Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. At this time, Grocery Outlet's Tax Provision is very stable compared to the past year. As of the 21st of November 2024, Enterprise Value Over EBITDA is likely to grow to 27.64, while Selling General Administrative is likely to drop about 790.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 15.6M | 18.0M | 24.0M | 26.6M | Depreciation And Amortization | 71.1M | 78.3M | 88.0M | 65.0M |
Grocery Outlet fundamental ratios Correlations
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Grocery Outlet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Grocery Outlet fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.2B | 2.5B | 2.7B | 2.8B | 3.0B | 2.2B | |
| Other Current Liab | 50.9M | 13.5M | 57.5M | 80.4M | 27.6M | 41.1M | |
| Total Current Liabilities | 208.6M | 232.6M | 237.9M | 280.5M | 384.0M | 223.6M | |
| Total Stockholder Equity | 745.4M | 922.3M | 1.0B | 1.1B | 1.2B | 788.4M | |
| Other Liab | 76.0M | 16.0M | 9.4M | 21.3M | 19.1M | 23.5M | |
| Net Tangible Assets | (50.4M) | 126.1M | 209.4M | 298.3M | 343.0M | 360.2M | |
| Retained Earnings | 28.0M | 135.2M | 197.5M | 262.5M | 342.0M | 359.1M | |
| Accounts Payable | 119.2M | 114.3M | 122.1M | 137.6M | 209.4M | 123.2M | |
| Cash | 28.1M | 105.3M | 140.1M | 102.7M | 115.0M | 71.2M | |
| Other Assets | 22.1M | 38.4M | 29.7M | 24.4M | 28.1M | 20.5M | |
| Long Term Debt | 447.7M | 449.2M | 451.5M | 379.7M | 287.1M | 357.1M | |
| Common Stock Total Equity | 89K | 95K | 96K | 98K | 112.7K | 80.8K | |
| Common Stock Shares Outstanding | 81.9M | 98.5M | 99.4M | 100.2M | 100.8M | 96.7M | |
| Inventory | 219.4M | 245.2M | 275.5M | 334.3M | 350.0M | 248.3M | |
| Other Current Assets | 13.5M | 20.1M | 16.8M | 15.1M | 32.4M | 17.0M | |
| Other Stockholder Equity | 717.3M | 787.0M | 811.7M | 847.6M | 877.3M | 678.4M | |
| Total Liab | 1.4B | 1.6B | 1.7B | 1.7B | 1.8B | 1.4B | |
| Short Long Term Debt | 5.4M | 7.3M | 246K | 5.6M | 6.5M | 4.1M | |
| Total Current Assets | 270.8M | 382.0M | 442.7M | 467.4M | 516.6M | 347.5M | |
| Short Term Debt | 38.5M | 97.4M | 51.1M | 54.6M | 133.2M | 139.8M | |
| Intangible Assets | 47.8M | 48.2M | 51.9M | 64.0M | 78.6M | 59.8M | |
| Common Stock | 89K | 95K | 96K | 98K | 99K | 84.3K | |
| Property Plant Equipment | 1.1B | 433.7M | 499.4M | 560.7M | 644.9M | 498.5M | |
| Short Long Term Debt Total | 1.3B | 1.4B | 1.5B | 1.4B | 1.4B | 1.3B | |
| Property Plant And Equipment Net | 1.1B | 1.3B | 1.4B | 1.5B | 1.6B | 1.2B | |
| Net Debt | 1.2B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | |
| Non Current Assets Total | 1.9B | 2.1B | 2.2B | 2.3B | 2.5B | 2.1B | |
| Non Currrent Assets Other | 28.0M | 7.5M | 29.7M | (12.1M) | 38.4M | 40.3M | |
| Cash And Short Term Investments | 28.1M | 105.3M | 140.1M | 102.7M | 115.0M | 81.4M | |
| Net Receivables | 9.9M | 11.4M | 10.4M | 15.2M | 19.1M | 12.5M | |
| Long Term Debt Total | 453.4M | 449.2M | 451.5M | 379.7M | 341.7M | 438.6M | |
| Liabilities And Stockholders Equity | 2.2B | 2.5B | 2.7B | 2.8B | 3.0B | 2.5B | |
| Non Current Liabilities Total | 1.2B | 1.3B | 1.4B | 1.4B | 1.4B | 1.3B | |
| Capital Surpluse | 717.3M | 787.0M | 811.7M | 847.6M | 974.7M | 706.6M | |
| Net Invested Capital | 1.2B | 1.4B | 1.5B | 1.5B | 1.5B | 1.5B | |
| Property Plant And Equipment Gross | 1.1B | 1.3B | 1.4B | 1.5B | 2.0B | 1.2B |
Pair Trading with Grocery Outlet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Grocery Outlet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Grocery Outlet will appreciate offsetting losses from the drop in the long position's value.Moving against Grocery Stock
The ability to find closely correlated positions to Grocery Outlet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grocery Outlet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Grocery Outlet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Grocery Outlet Holding to buy it.
The correlation of Grocery Outlet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grocery Outlet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grocery Outlet Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Grocery Outlet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grocery Outlet Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Consumer Staples Distribution & Retail 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 Grocery Outlet. If investors know Grocery 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 Grocery Outlet 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 (0.11) | Earnings Share 0.51 | Revenue Per Share 42.988 | Quarterly Revenue Growth 0.104 | Return On Assets 0.0194 |
The market value of Grocery Outlet Holding is measured differently than its book value, which is the value of Grocery that is recorded on the company's balance sheet. Investors also form their own opinion of Grocery Outlet's value that differs from its market value or its book value, called intrinsic value, which is Grocery Outlet's 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 Grocery Outlet's market value can be influenced by many factors that don't directly affect Grocery Outlet's 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 Grocery Outlet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grocery Outlet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grocery Outlet's 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.