Gogo Net Receivables vs Common Stock Analysis

GOGO Stock

USD 8.12 0.16 1.93%

Gogo financial indicator trend analysis is much more than just examining Gogo Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gogo Inc is a good investment. Please check the relationship between Gogo Net Receivables and its Common Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gogo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Net Receivables vs Common Stock

Net Receivables vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gogo Inc Net Receivables account and Common Stock. At this time, the significance of the direction appears to have weak relationship.

The correlation between Gogo's Net Receivables and Common Stock is 0.3. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Common Stock in the same time period over historical financial statements of Gogo Inc, assuming nothing else is changed. The correlation between historical values of Gogo's Net Receivables and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Gogo Inc are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Receivables i.e., Gogo's Net Receivables and Common Stock go up and down completely randomly.

Correlation Coefficient

0.3

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Receivables

Common Stock

Most indicators from Gogo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gogo Inc 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 Gogo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

At this time, Gogo's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.24, though Tax Provision is likely to grow to (47.2 M).

	2021	2022	2023	2024 (projected)
Interest Expense	67.5M	38.9M	36.0M	64.3M
Depreciation And Amortization	15.5M	12.6M	16.7M	15.9M

Interest Expense Depreciation And Amortization

Gogo fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		0.73	0.9	0.62	-0.04	0.89	0.92	0.73	-0.49	0.49	0.26	0.94	0.77	0.65	0.89	-0.03	-0.15	0.82	0.64	0.54	0.59	0.82	0.89	0.91	-0.15	0.72
Short Long Term Debt Total	0.73		0.6	0.8	-0.53	0.45	0.49	0.97	-0.92	-0.02	0.43	0.58	0.51	0.55	0.72	-0.17	0.19	0.85	0.61	0.61	0.75	0.89	0.43	0.79	0.45	0.18
Other Current Liab	0.9	0.6		0.69	-0.19	0.9	0.93	0.61	-0.26	0.48	0.16	0.84	0.9	0.56	0.8	0.24	-0.38	0.78	0.65	0.32	0.29	0.79	0.87	0.81	-0.16	0.83
Total Current Liabilities	0.62	0.8	0.69		-0.56	0.45	0.51	0.69	-0.58	0.2	0.62	0.38	0.55	0.74	0.5	0.14	-0.27	0.67	0.4	0.09	0.42	0.79	0.4	0.8	0.6	0.42
Total Stockholder Equity	-0.04	-0.53	-0.19	-0.56		0.06	0.04	-0.55	0.5	0.49	-0.1	0.06	-0.16	-0.06	-0.13	0.0	-0.12	-0.57	-0.28	-0.06	-0.08	-0.59	0.11	-0.16	-0.6	0.22
Property Plant And Equipment Net	0.89	0.45	0.9	0.45	0.06		0.98	0.47	-0.14	0.59	0.08	0.93	0.86	0.48	0.75	0.03	-0.4	0.7	0.53	0.3	0.24	0.68	0.98	0.71	-0.4	0.86
Current Deferred Revenue	0.92	0.49	0.93	0.51	0.04	0.98		0.5	-0.18	0.59	0.11	0.92	0.87	0.51	0.83	0.06	-0.37	0.72	0.61	0.32	0.29	0.71	0.98	0.77	-0.35	0.87
Net Debt	0.73	0.97	0.61	0.69	-0.55	0.47	0.5		-0.88	-0.06	0.19	0.63	0.53	0.41	0.74	-0.17	0.29	0.89	0.68	0.71	0.69	0.9	0.45	0.72	0.31	0.15
Retained Earnings	-0.49	-0.92	-0.26	-0.58	0.5	-0.14	-0.18	-0.88		0.22	-0.4	-0.35	-0.2	-0.36	-0.54	0.38	-0.46	-0.66	-0.49	-0.66	-0.8	-0.7	-0.13	-0.57	-0.54	0.18
Accounts Payable	0.49	-0.02	0.48	0.2	0.49	0.59	0.59	-0.06	0.22		0.13	0.5	0.38	0.42	0.28	0.27	-0.35	0.06	0.05	-0.02	0.18	0.09	0.57	0.4	-0.35	0.78
Cash	0.26	0.43	0.16	0.62	-0.1	0.08	0.11	0.19	-0.4	0.13		0.01	0.08	0.68	0.12	-0.08	-0.29	0.13	-0.03	-0.17	0.43	0.27	0.07	0.52	0.64	0.14
Non Current Assets Total	0.94	0.58	0.84	0.38	0.06	0.93	0.92	0.63	-0.35	0.5	0.01		0.8	0.39	0.87	-0.02	-0.07	0.76	0.63	0.61	0.49	0.71	0.93	0.71	-0.41	0.71
Non Currrent Assets Other	0.77	0.51	0.9	0.55	-0.16	0.86	0.87	0.53	-0.2	0.38	0.08	0.8		0.28	0.73	0.21	-0.44	0.68	0.73	0.34	0.2	0.68	0.84	0.61	-0.23	0.77
Cash And Short Term Investments	0.65	0.55	0.56	0.74	-0.06	0.48	0.51	0.41	-0.36	0.42	0.68	0.39	0.28		0.37	-0.02	-0.35	0.44	0.05	-0.03	0.43	0.55	0.46	0.86	0.37	0.51
Net Receivables	0.89	0.72	0.8	0.5	-0.13	0.75	0.83	0.74	-0.54	0.28	0.12	0.87	0.73	0.37		-0.01	0.09	0.81	0.81	0.67	0.58	0.79	0.8	0.77	-0.18	0.53
Good Will	-0.03	-0.17	0.24	0.14	0.0	0.03	0.06	-0.17	0.38	0.27	-0.08	-0.02	0.21	-0.02	-0.01		-0.21	-0.13	-0.04	-0.12	-0.15	-0.13	0.05	-0.04	-0.1	0.38
Common Stock Shares Outstanding	-0.15	0.19	-0.38	-0.27	-0.12	-0.4	-0.37	0.29	-0.46	-0.35	-0.29	-0.07	-0.44	-0.35	0.09	-0.21		0.04	0.05	0.55	0.39	-0.04	-0.35	-0.21	0.07	-0.62
Non Current Liabilities Total	0.82	0.85	0.78	0.67	-0.57	0.7	0.72	0.89	-0.66	0.06	0.13	0.76	0.68	0.44	0.81	-0.13	0.04		0.71	0.55	0.51	0.98	0.68	0.75	0.08	0.4
Inventory	0.64	0.61	0.65	0.4	-0.28	0.53	0.61	0.68	-0.49	0.05	-0.03	0.63	0.73	0.05	0.81	-0.04	0.05	0.71		0.67	0.41	0.67	0.55	0.54	-0.14	0.35
Other Current Assets	0.54	0.61	0.32	0.09	-0.06	0.3	0.32	0.71	-0.66	-0.02	-0.17	0.61	0.34	-0.03	0.67	-0.12	0.55	0.55	0.67		0.76	0.47	0.34	0.37	-0.19	0.03
Other Stockholder Equity	0.59	0.75	0.29	0.42	-0.08	0.24	0.29	0.69	-0.8	0.18	0.43	0.49	0.2	0.43	0.58	-0.15	0.39	0.51	0.41	0.76		0.52	0.27	0.61	0.24	0.09
Total Liab	0.82	0.89	0.79	0.79	-0.59	0.68	0.71	0.9	-0.7	0.09	0.27	0.71	0.68	0.55	0.79	-0.13	-0.04	0.98	0.67	0.47	0.52		0.65	0.82	0.22	0.41
Property Plant And Equipment Gross	0.89	0.43	0.87	0.4	0.11	0.98	0.98	0.45	-0.13	0.57	0.07	0.93	0.84	0.46	0.8	0.05	-0.35	0.68	0.55	0.34	0.27	0.65		0.7	-0.43	0.85
Total Current Assets	0.91	0.79	0.81	0.8	-0.16	0.71	0.77	0.72	-0.57	0.4	0.52	0.71	0.61	0.86	0.77	-0.04	-0.21	0.75	0.54	0.37	0.61	0.82	0.7		0.19	0.61
Short Term Debt	-0.15	0.45	-0.16	0.6	-0.6	-0.4	-0.35	0.31	-0.54	-0.35	0.64	-0.41	-0.23	0.37	-0.18	-0.1	0.07	0.08	-0.14	-0.19	0.24	0.22	-0.43	0.19		-0.39
Intangible Assets	0.72	0.18	0.83	0.42	0.22	0.86	0.87	0.15	0.18	0.78	0.14	0.71	0.77	0.51	0.53	0.38	-0.62	0.4	0.35	0.03	0.09	0.41	0.85	0.61	-0.39

Click cells to compare fundamentals

Gogo Account Relationship Matchups

Gogo fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	673.6M	647.7M	759.5M	781.5M	856.7M
Short Long Term Debt Total	1.2B	1.2B	881.7M	776.7M	678.1M	646.4M
Other Current Liab	188.5M	72.9M	50.4M	48.7M	36.2M	34.4M
Total Current Liabilities	252.6M	438.1M	188.5M	84.4M	72.0M	68.4M
Total Stockholder Equity	(398.9M)	(641.1M)	(320.2M)	(101.9M)	40.7M	42.8M
Property Plant And Equipment Net	623.7M	97.2M	134.7M	179.9M	168.7M	334.7M
Current Deferred Revenue	34.8M	3.1M	1.8M	3.4M	10.8M	17.4M
Net Debt	1.0B	771.6M	735.8M	626.1M	539.1M	453.8M
Retained Earnings	(1.4B)	(1.6B)	(1.5B)	(1.4B)	(1.2B)	(1.3B)
Accounts Payable	17.2M	11.0M	17.2M	13.6M	16.1M	16.2M
Cash	170.0M	435.3M	145.9M	150.6M	139.0M	192.5M
Non Current Assets Total	789.9M	161.4M	397.8M	435.4M	466.9M	485.9M
Non Currrent Assets Other	89.7M	11.5M	3.5M	4.1M	5.7M	5.4M
Cash And Short Term Investments	170.0M	435.3M	145.9M	175.3M	139.0M	237.7M
Net Receivables	101.4M	42.3M	37.7M	60.7M	96.7M	64.1M
Common Stock Shares Outstanding	80.8M	82.3M	127.2M	133.9M	133.3M	98.9M
Liabilities And Stockholders Equity	1.2B	673.6M	647.7M	759.5M	781.5M	856.7M
Non Current Liabilities Total	1.4B	876.6M	779.3M	777.0M	668.8M	823.2M
Inventory	117.1M	28.1M	34.0M	49.5M	63.2M	49.2M
Other Current Assets	36.3M	6.5M	32.3M	38.6M	38.9M	21.5M
Other Stockholder Equity	979.5M	989.7M	1.1B	1.2B	1.2B	830.1M
Total Liab	1.6B	1.3B	967.8M	861.4M	740.8M	1.0B
Property Plant And Equipment Gross	623.7M	97.2M	63.7M	179.9M	290.0M	338.4M
Total Current Assets	424.8M	512.2M	249.9M	324.1M	314.6M	370.8M
Accumulated Other Comprehensive Income	(2.3M)	(1.0M)	1.8M	30.1M	15.8M	16.6M
Short Term Debt	12.2M	349.1M	117.1M	16.3M	17.5M	16.7M
Intangible Assets	75.9M	52.1M	48.9M	48.9M	55.0M	52.9M
Other Liab	180.9M	10.6M	7.2M	7.6M	6.8M	6.5M
Other Assets	89.7M	11.5M	213.6M	180.4M	207.5M	217.9M
Long Term Debt	1.1B	828.0M	694.8M	690.2M	587.5M	672.0M
Short Term Investments	39.3M	170.0M	925K	24.8M	23.2M	22.1M
Property Plant Equipment	560.3M	63.5M	63.7M	179.9M	161.9M	264.5M
Net Tangible Assets	(475.4M)	(693.8M)	(320.2M)	(151.4M)	(136.2M)	(143.1M)
Retained Earnings Total Equity	(1.2B)	(1.4B)	(1.6B)	(1.5B)	(1.3B)	(1.4B)
Long Term Debt Total	1.0B	1.1B	828.0M	694.8M	799.0M	798.2M
Capital Surpluse	963.5M	979.5M	1.1B	1.3B	1.4B	1.1B
Deferred Long Term Liab	129.1M	135.4M	1.9M	1.4M	1.3M	1.2M
Non Current Liabilities Other	124.3M	48.6M	84.6M	7.6M	8.3M	7.9M

Pair Trading with Gogo

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 Gogo 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 Gogo will appreciate offsetting losses from the drop in the long position's value.

Moving against Gogo Stock

0.7	TEF	Telefonica SA ADR	Pair Corr
0.58	VZ	Verizon Communications Aggressive Push	Pair Corr
0.57	TBB	ATT Inc	Pair Corr
0.51	LILA	Liberty Latin America	Pair Corr
0.47	IRDM	Iridium Communications	Pair Corr

The ability to find closely correlated positions to Gogo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gogo 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 Gogo - 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 Gogo Inc to buy it.

The correlation of Gogo 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 Gogo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gogo Inc 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 Gogo 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.

Pair Correlation Correlation Matching

When determining whether Gogo Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gogo's 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 Gogo Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gogo Inc Stock:

How To Invest In Gogo

Details

Is Gogo Stock a good investment?

Details

What is Gogo's Net Worth?

Details

Largest Wireless Telecommunication Services Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gogo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Is Wireless Telecommunication Services 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 Gogo. If investors know Gogo 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 Gogo 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

(0.50)

Earnings Share

0.43

Revenue Per Share

3.139

Quarterly Revenue Growth

0.026

Return On Assets

0.0847

The market value of Gogo Inc is measured differently than its book value, which is the value of Gogo that is recorded on the company's balance sheet. Investors also form their own opinion of Gogo's value that differs from its market value or its book value, called intrinsic value, which is Gogo'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 Gogo's market value can be influenced by many factors that don't directly affect Gogo'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 Gogo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gogo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gogo'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.

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Gogo Net Receivables vs Common Stock Analysis

Net Receivables vs Common Stock

Net Receivables vs Common Stock Correlation Analysis

Correlation Coefficient

Net Receivables

Common Stock

Gogo fundamental ratios Correlations

Gogo Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Gogo fundamental ratios Accounts

Pair Trading with Gogo

Moving against Gogo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Current Deferred Revenue	+ 0.98	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.98	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.98	Current Deferred Revenue
Total Liab	+ 0.98	Non Current Liabilities Total
Net Debt	+ 0.97	Short Long Term Debt Total
Non Current Assets Total	+ 0.94	Total Assets

Retained Earnings	- 0.92	Short Long Term Debt Total
Retained Earnings	- 0.88	Net Debt
Other Stockholder Equity	- 0.8	Retained Earnings
Total Liab	- 0.7	Retained Earnings
Other Current Assets	- 0.66	Retained Earnings
Non Current Liabilities Total	- 0.66	Retained Earnings