GQG Retained Earnings vs Total Assets Analysis

GQG Stock

2.21 0.08 3.76%

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

Retained Earnings vs Total Assets

Retained Earnings vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GQG Partners DRC Retained Earnings account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between GQG Partners' Retained Earnings and Total Assets is 0.84. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Assets in the same time period over historical financial statements of GQG Partners DRC, assuming nothing else is changed. The correlation between historical values of GQG Partners' Retained Earnings 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 Retained Earnings of GQG Partners DRC 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 Retained Earnings i.e., GQG Partners' Retained Earnings and Total Assets go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Assets

Total assets refers to the total amount of GQG Partners 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 GQG Partners DRC 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 GQG Partners' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GQG Partners DRC 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 GQG Partners DRC. 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 55.5 M in 2024. Tax Provision is likely to drop to about 60.1 M in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	334.9M	351.0M	408.1M	261.5M
Total Revenue	387.7M	422.7M	501.2M	315.2M

Gross Profit Total Revenue

GQG Partners fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Cash	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Property Plant Equipment	Other Current Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Inventory	Common Stock	Short Long Term Debt Total	Long Term Debt	Non Current Liabilities Total	Capital Surpluse
Total Assets		0.17	1.0	0.84	0.89	0.71	0.89	0.96	0.04	0.56	0.87	0.95	0.81	-0.97	0.99	0.77	-0.69	-0.03	0.59	-0.87	-0.51	0.98	0.75	0.75	0.41	0.63
Total Current Liabilities	0.17		0.2	0.65	0.3	-0.32	0.3	0.43	-0.8	-0.11	-0.02	0.4	0.3	-0.14	0.16	0.39	-0.19	0.4	0.48	-0.32	0.29	0.12	0.42	0.42	-0.19	0.5
Total Stockholder Equity	1.0	0.2		0.86	0.87	0.69	0.87	0.96	0.04	0.55	0.83	0.94	0.84	-0.97	0.99	0.8	-0.65	0.03	0.61	-0.89	-0.44	0.98	0.8	0.8	0.44	0.66
Retained Earnings	0.84	0.65	0.86		0.8	0.34	0.8	0.95	-0.33	0.36	0.57	0.92	0.81	-0.8	0.84	0.82	-0.55	0.26	0.72	-0.85	-0.12	0.8	0.86	0.86	0.27	0.79
Cash	0.89	0.3	0.87	0.8		0.44	1.0	0.87	0.0	0.25	0.87	0.96	0.67	-0.83	0.87	0.7	-0.88	-0.14	0.67	-0.77	-0.57	0.85	0.7	0.7	-0.04	0.73
Other Assets	0.71	-0.32	0.69	0.34	0.44		0.44	0.6	0.09	0.89	0.75	0.53	0.34	-0.66	0.65	0.21	-0.26	-0.42	-0.08	-0.38	-0.69	0.69	0.17	0.17	0.68	-0.07
Cash And Short Term Investments	0.89	0.3	0.87	0.8	1.0	0.44		0.87	0.0	0.25	0.87	0.96	0.67	-0.83	0.87	0.7	-0.88	-0.14	0.67	-0.77	-0.57	0.85	0.7	0.7	-0.04	0.73
Net Receivables	0.96	0.43	0.96	0.95	0.87	0.6	0.87		-0.22	0.55	0.78	0.97	0.81	-0.92	0.94	0.79	-0.64	0.08	0.63	-0.87	-0.38	0.93	0.78	0.78	0.38	0.67
Common Stock Shares Outstanding	0.04	-0.8	0.04	-0.33	0.0	0.09	0.0	-0.22		-0.18	0.05	-0.15	0.11	-0.11	0.12	0.08	-0.07	-0.03	0.05	-0.09	-0.06	0.11	0.09	0.09	0.06	0.07
Other Current Assets	0.56	-0.11	0.55	0.36	0.25	0.89	0.25	0.55	-0.18		0.52	0.41	0.23	-0.48	0.48	0.09	0.0	-0.33	-0.22	-0.23	-0.47	0.51	0.08	0.08	0.76	-0.2
Total Liab	0.87	-0.02	0.83	0.57	0.87	0.75	0.87	0.78	0.05	0.52		0.85	0.51	-0.82	0.81	0.49	-0.82	-0.38	0.38	-0.62	-0.85	0.84	0.4	0.4	0.13	0.37
Total Current Assets	0.95	0.4	0.94	0.92	0.96	0.53	0.96	0.97	-0.15	0.41	0.85		0.76	-0.9	0.93	0.77	-0.78	-0.02	0.68	-0.85	-0.48	0.91	0.76	0.76	0.17	0.72
Property Plant Equipment	0.81	0.3	0.84	0.81	0.67	0.34	0.67	0.81	0.11	0.23	0.51	0.76		-0.9	0.88	0.98	-0.54	0.55	0.86	-0.99	0.0	0.88	0.94	0.94	0.39	0.84
Other Current Liab	-0.97	-0.14	-0.97	-0.8	-0.83	-0.66	-0.83	-0.92	-0.11	-0.48	-0.82	-0.9	-0.9		-0.98	-0.86	0.7	-0.16	-0.7	0.94	0.42	-1.0	-0.8	-0.8	-0.41	-0.68
Net Tangible Assets	0.99	0.16	0.99	0.84	0.87	0.65	0.87	0.94	0.12	0.48	0.81	0.93	0.88	-0.98		0.84	-0.67	0.09	0.67	-0.92	-0.41	0.99	0.83	0.83	0.42	0.71
Property Plant And Equipment Net	0.77	0.39	0.8	0.82	0.7	0.21	0.7	0.79	0.08	0.09	0.49	0.77	0.98	-0.86	0.84		-0.62	0.58	0.94	-0.98	0.02	0.84	0.95	0.95	0.23	0.91
Net Debt	-0.69	-0.19	-0.65	-0.55	-0.88	-0.26	-0.88	-0.64	-0.07	0.0	-0.82	-0.78	-0.54	0.7	-0.67	-0.62		0.08	-0.69	0.66	0.63	-0.7	-0.49	-0.49	0.34	-0.64
Accounts Payable	-0.03	0.4	0.03	0.26	-0.14	-0.42	-0.14	0.08	-0.03	-0.33	-0.38	-0.02	0.55	-0.16	0.09	0.58	0.08		0.61	-0.44	0.75	0.1	0.52	0.52	0.12	0.53
Non Current Assets Total	0.59	0.48	0.61	0.72	0.67	-0.08	0.67	0.63	0.05	-0.22	0.38	0.68	0.86	-0.7	0.67	0.94	-0.69	0.61		-0.88	0.09	0.66	0.88	0.88	-0.11	0.97
Non Currrent Assets Other	-0.87	-0.32	-0.89	-0.85	-0.77	-0.38	-0.77	-0.87	-0.09	-0.23	-0.62	-0.85	-0.99	0.94	-0.92	-0.98	0.66	-0.44	-0.88		0.12	-0.92	-0.94	-0.94	-0.31	-0.87
Inventory	-0.51	0.29	-0.44	-0.12	-0.57	-0.69	-0.57	-0.38	-0.06	-0.47	-0.85	-0.48	0.0	0.42	-0.41	0.02	0.63	0.75	0.09	0.12		-0.45	0.13	0.13	0.06	0.11
Common Stock	0.98	0.12	0.98	0.8	0.85	0.69	0.85	0.93	0.11	0.51	0.84	0.91	0.88	-1.0	0.99	0.84	-0.7	0.1	0.66	-0.92	-0.45		0.78	0.78	0.42	0.66
Short Long Term Debt Total	0.75	0.42	0.8	0.86	0.7	0.17	0.7	0.78	0.09	0.08	0.4	0.76	0.94	-0.8	0.83	0.95	-0.49	0.52	0.88	-0.94	0.13	0.78		1.0	0.28	0.93
Long Term Debt	0.75	0.42	0.8	0.86	0.7	0.17	0.7	0.78	0.09	0.08	0.4	0.76	0.94	-0.8	0.83	0.95	-0.49	0.52	0.88	-0.94	0.13	0.78	1.0		0.28	0.93
Non Current Liabilities Total	0.41	-0.19	0.44	0.27	-0.04	0.68	-0.04	0.38	0.06	0.76	0.13	0.17	0.39	-0.41	0.42	0.23	0.34	0.12	-0.11	-0.31	0.06	0.42	0.28	0.28		-0.08
Capital Surpluse	0.63	0.5	0.66	0.79	0.73	-0.07	0.73	0.67	0.07	-0.2	0.37	0.72	0.84	-0.68	0.71	0.91	-0.64	0.53	0.97	-0.87	0.11	0.66	0.93	0.93	-0.08

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GQG Partners Account Relationship Matchups

GQG Partners fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	37.5M	74.1M	375.9M	342.0M	389.5M	228.3M
Total Current Liabilities	7.3M	11.7M	5.9M	6.6M	9.8M	8.8M
Total Stockholder Equity	30.2M	62.4M	290.8M	312.1M	349.5M	195.1M
Retained Earnings	30.2M	62.4M	46.4M	63.9M	98.4M	58.8M
Cash	12.6M	17.8M	56.8M	19.5M	64.9M	33.2M
Other Assets	385K	443K	238.2M	234.4M	5.4M	5.2M
Cash And Short Term Investments	12.6M	17.8M	56.8M	19.5M	64.9M	33.2M
Net Receivables	23.4M	50.4M	69.2M	72.5M	85.9M	58.0M
Liabilities And Stockholders Equity	37.5M	74.1M	375.9M	342.0M	389.5M	228.3M
Total Liab	7.3M	11.7M	85.1M	29.9M	40.0M	33.1M
Total Current Assets	36.0M	69.5M	126M	85.0M	150.8M	90.2M
Property Plant Equipment	741.4K	546K	3.2M	10.7M	12.3M	12.9M

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