Genuine Property Plant And Equipment Gross vs Total Assets Analysis

GPC Stock  USD 124.31  1.62  1.32%   
Genuine Parts financial indicator trend analysis is much more than just examining Genuine Parts latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Genuine Parts is a good investment. Please check the relationship between Genuine Parts Property Plant And Equipment Gross and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genuine Parts Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Property Plant And Equipment Gross vs Total Assets

Property Plant And Equipment Gross vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Genuine Parts Property Plant And Equipment Gross account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Genuine Parts' Property Plant And Equipment Gross and Total Assets is 0.89. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Total Assets in the same time period over historical financial statements of Genuine Parts Co, assuming nothing else is changed. The correlation between historical values of Genuine Parts' Property Plant And Equipment Gross 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 Property Plant And Equipment Gross of Genuine Parts Co 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 Property Plant And Equipment Gross i.e., Genuine Parts' Property Plant And Equipment Gross and Total Assets go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Property Plant And Equipment Gross

Total Assets

Total assets refers to the total amount of Genuine Parts 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 Genuine Parts 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 Genuine Parts' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Genuine Parts 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 Genuine Parts Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
The current year's Enterprise Value is expected to grow to about 16.1 B, whereas Selling General Administrative is forecasted to decline to about 3.1 B.
 2021 2022 2023 2024 (projected)
Gross Profit6.6B7.7B8.3B8.7B
Total Revenue18.9B22.1B23.1B24.2B

Genuine Parts fundamental ratios Correlations

0.960.970.990.670.930.940.650.720.990.920.720.58-0.930.970.950.890.561.00.980.50.980.890.47-0.94-0.93
0.960.970.940.510.930.990.50.730.980.830.730.48-0.80.990.830.880.60.980.90.50.920.870.45-0.84-0.81
0.970.970.960.550.970.950.530.740.990.910.740.45-0.830.980.870.880.620.980.920.380.950.930.37-0.88-0.86
0.990.940.960.670.910.930.670.670.980.910.670.6-0.920.950.950.880.630.990.980.530.990.870.51-0.93-0.92
0.670.510.550.670.490.530.980.270.590.610.270.89-0.750.540.770.50.20.620.740.630.660.420.54-0.72-0.66
0.930.930.970.910.490.880.450.840.960.930.840.3-0.790.960.810.910.550.940.870.230.910.970.24-0.85-0.82
0.940.990.950.930.530.880.530.620.960.780.620.55-0.780.960.820.830.630.960.890.580.90.820.52-0.8-0.78
0.650.50.530.670.980.450.530.20.570.560.20.93-0.740.520.740.510.250.610.720.720.650.360.59-0.68-0.63
0.720.730.740.670.270.840.620.20.750.781.00.0-0.640.790.640.820.250.740.67-0.050.710.840.0-0.75-0.68
0.990.980.990.980.590.960.960.570.750.920.750.49-0.870.990.90.910.611.00.950.450.970.920.44-0.9-0.88
0.920.830.910.910.610.930.780.560.780.920.780.4-0.870.890.90.830.460.910.90.210.930.940.29-0.91-0.89
0.720.730.740.670.270.840.620.21.00.750.780.0-0.640.790.640.820.250.740.67-0.050.710.840.0-0.75-0.68
0.580.480.450.60.890.30.550.930.00.490.40.0-0.660.450.660.360.240.540.660.870.570.210.68-0.57-0.56
-0.93-0.8-0.83-0.92-0.75-0.79-0.78-0.74-0.64-0.87-0.87-0.64-0.66-0.83-0.97-0.8-0.38-0.89-0.97-0.51-0.92-0.73-0.450.960.99
0.970.990.980.950.540.960.960.520.790.990.890.790.45-0.830.860.910.540.980.920.430.940.910.39-0.87-0.85
0.950.830.870.950.770.810.820.740.640.90.90.640.66-0.970.860.80.480.920.980.50.960.790.52-0.97-0.97
0.890.880.880.880.50.910.830.510.820.910.830.820.36-0.80.910.80.570.910.830.390.890.820.34-0.8-0.8
0.560.60.620.630.20.550.630.250.250.610.460.250.24-0.380.540.480.570.60.490.260.630.530.53-0.43-0.41
1.00.980.980.990.620.940.960.610.741.00.910.740.54-0.890.980.920.910.60.960.490.980.90.46-0.91-0.9
0.980.90.920.980.740.870.890.720.670.950.90.670.66-0.970.920.980.830.490.960.540.970.820.48-0.97-0.96
0.50.50.380.530.630.230.580.72-0.050.450.21-0.050.87-0.510.430.50.390.260.490.540.470.090.7-0.38-0.42
0.980.920.950.990.660.910.90.650.710.970.930.710.57-0.920.940.960.890.630.980.970.470.880.48-0.93-0.93
0.890.870.930.870.420.970.820.360.840.920.940.840.21-0.730.910.790.820.530.90.820.090.880.18-0.83-0.78
0.470.450.370.510.540.240.520.590.00.440.290.00.68-0.450.390.520.340.530.460.480.70.480.18-0.39-0.38
-0.94-0.84-0.88-0.93-0.72-0.85-0.8-0.68-0.75-0.9-0.91-0.75-0.570.96-0.87-0.97-0.8-0.43-0.91-0.97-0.38-0.93-0.83-0.390.96
-0.93-0.81-0.86-0.92-0.66-0.82-0.78-0.63-0.68-0.88-0.89-0.68-0.560.99-0.85-0.97-0.8-0.41-0.9-0.96-0.42-0.93-0.78-0.380.96
Click cells to compare fundamentals

Genuine Parts Account Relationship Matchups

Genuine Parts fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.6B13.4B14.4B16.5B18.0B18.9B
Short Long Term Debt Total4.2B3.5B3.2B4.2B4.9B5.1B
Other Current Liab1.7B1.3B1.5B1.7B2.0B2.1B
Total Current Liabilities6.4B5.9B6.6B7.7B7.8B8.2B
Total Stockholder Equity3.7B3.2B3.5B3.8B4.4B2.6B
Property Plant And Equipment Net2.2B2.2B2.3B2.4B2.9B3.0B
Net Debt3.9B2.5B2.5B3.5B3.8B4.0B
Retained Earnings4.6B4.0B4.1B4.5B5.1B2.8B
Cash277.0M990.2M714.7M653.5M1.1B1.2B
Non Current Assets Total6.7B6.3B6.6B7.7B8.4B8.8B
Non Currrent Assets Other616.1M644.1M985.9M847.3M949.5M997.0M
Cash And Short Term Investments277.0M990.2M714.7M653.5M1.1B1.2B
Net Receivables2.4B1.6B1.8B2.2B2.2B1.3B
Common Stock Shares Outstanding146.4M145.1M144.2M142.3M141.0M133.3M
Liabilities And Stockholders Equity14.6B13.4B14.4B16.5B18.0B18.9B
Non Current Liabilities Total4.6B4.3B4.3B5.0B5.7B6.0B
Inventory3.4B3.5B3.9B4.4B4.7B4.9B
Other Current Assets1.1B2.1B1.4B1.5B1.6B1.7B
Other Stockholder Equity98.8M117.2M120.0M140.3M173.0M181.7M
Total Liab11.0B10.2B10.8B12.7B13.6B14.2B
Total Current Assets7.9B7.1B7.8B8.8B9.6B10.1B
Short Term Debt624.0M431.3M280.6M538.7M355.3M202.8M
Accounts Payable3.9B4.1B4.8B5.5B5.5B5.8B
Property Plant And Equipment Gross2.3B2.2B3.6B3.9B4.5B4.7B
Accumulated Other Comprehensive Income(1.1B)(1.0B)(857.7M)(1.0B)(976.9M)(928.0M)
Intangible Assets1.5B1.5B1.4B1.8B1.8B907.1M
Common Stock Total Equity145.4M144.4M142.2M140.9M126.8M127.1M
Common Stock145.4M144.4M142.2M140.9M139.6M126.5M
Other Assets553.8M1.7B985.9M847.3M974.4M584.8M
Long Term Debt2.8B2.5B2.4B3.1B3.6B3.7B
Good Will2.3B1.9B1.9B2.6B2.7B2.9B
Property Plant Equipment1.2B1.2B1.2B2.4B2.8B2.9B
Current Deferred Revenue110.9M114.0M(17M)126.2M(311.5M)(295.9M)
Other Liab928.4M1.0B1.1B1.1B1.3B739.7M
Net Tangible Assets637.8M578.4M958.2M225.8M203.2M193.0M
Noncontrolling Interest In Consolidated Entity20.8M13.2M12.5M14.1M16.2M17.1M
Retained Earnings Total Equity4.6B4.0B4.1B4.5B5.2B4.2B
Long Term Debt Total2.8B2.5B2.4B3.1B3.5B3.7B

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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 Genuine Parts offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Genuine Parts' 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 Genuine Parts Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Genuine Parts Co Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genuine Parts Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is 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 Genuine Parts. If investors know Genuine 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 Genuine Parts 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
(0.35)
Dividend Share
3.95
Earnings Share
7.75
Revenue Per Share
167.12
Quarterly Revenue Growth
0.025
The market value of Genuine Parts is measured differently than its book value, which is the value of Genuine that is recorded on the company's balance sheet. Investors also form their own opinion of Genuine Parts' value that differs from its market value or its book value, called intrinsic value, which is Genuine Parts' 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 Genuine Parts' market value can be influenced by many factors that don't directly affect Genuine Parts' 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 Genuine Parts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Genuine Parts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genuine Parts' 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.