GoPro Historical Balance Sheet
GPRO Stock | USD 1.22 0.02 1.67% |
Trend analysis of GoPro Inc balance sheet accounts such as Short and Long Term Debt Total of 198.4 M or Other Current Liab of 134.1 M provides information on GoPro's total assets, liabilities, and equity, which is the actual value of GoPro Inc to its prevalent stockholders. By breaking down trends over time using GoPro balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining GoPro Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether GoPro Inc is a good buy for the upcoming year.
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About GoPro Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of GoPro Inc at a specified time, usually calculated after every quarter, six months, or one year. GoPro Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GoPro and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which GoPro currently owns. An asset can also be divided into two categories, current and non-current.
GoPro Balance Sheet Chart
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Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Assets
Total assets refers to the total amount of GoPro 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 GoPro Inc 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 accounts from GoPro's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into GoPro Inc current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 GoPro 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 metropolitan statistical area. At this time, GoPro's Cash is very stable compared to the past year. As of the 25th of November 2024, Non Currrent Assets Other is likely to grow to about 327 M, while Common Stock Shares Outstanding is likely to drop about 153 M.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 286.5M | 184.0M | 128.7M | 198.4M | Total Assets | 1.3B | 1.1B | 968.0M | 921.0M |
GoPro balance sheet Correlations
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GoPro Account Relationship Matchups
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GoPro balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 144.9M | 149.0M | 163.2M | 178.3M | 153.3M | 153.0M | |
Total Assets | 792.8M | 771.4M | 1.3B | 1.1B | 968.0M | 921.0M | |
Short Long Term Debt Total | 220.9M | 279.5M | 286.5M | 184.0M | 128.7M | 198.4M | |
Other Current Liab | 141.8M | 104.2M | 118.5M | 109.3M | 99.5M | 134.1M | |
Total Current Liabilities | 327.1M | 262.7M | 474.8M | 275.9M | 279.1M | 339.5M | |
Total Stockholder Equity | 233.5M | 216.0M | 615.9M | 611.6M | 555.8M | 414.2M | |
Other Liab | 20.5M | 22.5M | 14.8M | 15.0M | 17.2M | 29.0M | |
Property Plant And Equipment Net | 89.7M | 55.3M | 46.3M | 35.1M | 27.4M | 26.0M | |
Current Deferred Revenue | 15.5M | 28.1M | 42.5M | 55.9M | 55.9M | 58.7M | |
Net Debt | 70.6M | (46.1M) | (114.6M) | (39.7M) | (94.0M) | (98.7M) | |
Retained Earnings | (583.7M) | (650.5M) | (279.3M) | (196.1M) | (249.3M) | (261.8M) | |
Accounts Payable | 160.7M | 111.4M | 171.5M | 91.6M | 102.6M | 139.9M | |
Cash | 150.3M | 325.7M | 401.1M | 223.7M | 222.7M | 239.0M | |
Non Current Assets Total | 256.8M | 214.7M | 478.0M | 470.9M | 485.4M | 296.6M | |
Non Currrent Assets Other | 15.5M | 11.8M | 285.2M | 10.2M | 311.5M | 327.0M | |
Other Assets | 15.5M | 43.3M | 285.2M | 289.3M | 332.7M | 349.3M | |
Long Term Debt | 148.8M | 218.2M | 111.3M | 141.0M | 92.6M | 105.2M | |
Cash And Short Term Investments | 165.1M | 325.7M | 538.9M | 367.3M | 246.6M | 306.2M | |
Net Receivables | 200.6M | 107.2M | 114.2M | 77.0M | 91.5M | 102.0M | |
Common Stock Total Equity | 930.9M | 980.1M | 1.0B | 960.9M | 1.1B | 758.4M | |
Liabilities And Stockholders Equity | 792.8M | 771.4M | 1.3B | 1.1B | 968.0M | 921.0M | |
Non Current Liabilities Total | 232.2M | 292.7M | 169.1M | 189.4M | 133.0M | 167.2M | |
Inventory | 144.2M | 97.9M | 86.4M | 127.1M | 106.3M | 100.7M | |
Other Current Assets | 26.0M | 25.9M | 84.6M | 69.1M | 38.3M | 35.8M | |
Other Stockholder Equity | 1.0M | 9.8M | (113.6M) | (153.2M) | (193.2M) | (202.9M) | |
Total Liab | 559.3M | 555.4M | 644.0M | 465.4M | 412.1M | 506.8M | |
Property Plant And Equipment Gross | 89.7M | 55.3M | 46.3M | 35.1M | 106.9M | 63.3M | |
Total Current Assets | 536.0M | 556.7M | 781.9M | 606.0M | 482.6M | 624.4M | |
Short Term Debt | 9.1M | 18.7M | 142.0M | 19.1M | 21.0M | 38.0M | |
Intangible Assets | 5.2M | 1.2M | 62K | 15K | 13.5K | 12.8K | |
Common Stock | 930.9M | 980.1M | 1.0B | 960.9M | 998.4M | 786.7M | |
Property Plant Equipment | 36.5M | 23.7M | 46.3M | 13.3M | 12.0M | 11.4M | |
Net Tangible Assets | 81.8M | 68.3M | 469.4M | 465.1M | 418.6M | 252.4M | |
Retained Earnings Total Equity | (583.7M) | (650.5M) | (279.3M) | (196.1M) | (176.5M) | (185.3M) | |
Short Term Investments | 14.8M | 0.0 | 137.8M | 143.6M | 23.9M | 22.7M | |
Non Current Liabilities Other | 83.4M | 74.5M | 14.8M | 5.4M | 3.7M | 3.5M | |
Long Term Debt Total | 148.8M | 218.2M | 111.3M | 141.0M | 162.2M | 162.9M |
Pair Trading with GoPro
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 GoPro 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 GoPro will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to GoPro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoPro 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 GoPro - 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 GoPro Inc to buy it.
The correlation of GoPro 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 GoPro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoPro 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 GoPro 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 GoPro 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 metropolitan statistical area. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Consumer Electronics 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 GoPro. If investors know GoPro 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 GoPro 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 (0.94) | Earnings Share (2.61) | Revenue Per Share 5.891 | Quarterly Revenue Growth (0.12) | Return On Assets (0.07) |
The market value of GoPro Inc is measured differently than its book value, which is the value of GoPro that is recorded on the company's balance sheet. Investors also form their own opinion of GoPro's value that differs from its market value or its book value, called intrinsic value, which is GoPro'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 GoPro's market value can be influenced by many factors that don't directly affect GoPro'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 GoPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoPro'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.