Granite Cost Of Revenue vs Reconciled Depreciation Analysis

GVA Stock

USD 88.77 1.83 2.10%

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

Cost Of Revenue vs Reconciled Depreciation

Cost Of Revenue vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Granite Construction Cost Of Revenue account and Reconciled Depreciation. At this time, the significance of the direction appears to have strong relationship.

The correlation between Granite Construction's Cost Of Revenue and Reconciled Depreciation is 0.61. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Granite Construction Incorporated, assuming nothing else is changed. The correlation between historical values of Granite Construction's Cost Of Revenue and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Granite Construction Incorporated are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Cost Of Revenue i.e., Granite Construction's Cost Of Revenue and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

0.61

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cost Of Revenue

Cost of Revenue is found on Granite Construction income statement and represents the costs associated with goods and services Granite Construction provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Reconciled Depreciation

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

At present, Granite Construction's Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 14.12, whereas Selling General Administrative is forecasted to decline to about 199.5 M.

	2022	2023	2024	2025 (projected)
Gross Profit	369.5M	396.4M	455.9M	263.2M
Total Revenue	3.3B	3.5B	4.0B	2.1B

Gross Profit Total Revenue

Granite Construction fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	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	Accounts Payable	Common Stock Total Equity	Short Term Investments	Common Stock
Total Assets		0.89	0.67	0.96	0.66	0.96	0.7	0.18	0.9	0.75	0.47	0.94	0.94	0.8	0.91	0.96	0.31	0.02	0.97	0.8	0.98	0.31	0.78	0.91	0.2	0.92
Short Long Term Debt Total	0.89		0.56	0.86	0.33	0.94	0.91	-0.03	0.87	0.82	0.15	0.79	0.9	0.75	1.0	0.9	0.07	0.04	0.94	0.98	0.83	0.18	0.65	0.7	0.06	0.7
Other Current Liab	0.67	0.56		0.79	0.35	0.55	0.28	-0.17	0.77	0.65	0.04	0.71	0.64	0.6	0.59	0.53	0.63	0.11	0.71	0.47	0.79	-0.26	0.3	0.67	0.31	0.67
Total Current Liabilities	0.96	0.86	0.79		0.53	0.91	0.64	-0.04	0.92	0.69	0.36	0.87	0.91	0.82	0.89	0.88	0.46	-0.03	0.98	0.78	0.98	0.26	0.77	0.87	0.09	0.88
Total Stockholder Equity	0.66	0.33	0.35	0.53		0.55	0.15	0.62	0.46	0.38	0.69	0.7	0.53	0.58	0.36	0.61	0.23	0.11	0.48	0.2	0.64	0.32	0.51	0.83	0.47	0.83
Property Plant And Equipment Net	0.96	0.94	0.55	0.91	0.55		0.78	0.15	0.9	0.78	0.37	0.89	0.91	0.78	0.95	0.98	0.16	0.09	0.96	0.88	0.9	0.31	0.76	0.83	0.11	0.84
Net Debt	0.7	0.91	0.28	0.64	0.15	0.78		-0.07	0.58	0.67	0.06	0.54	0.8	0.61	0.88	0.76	-0.23	-0.12	0.77	0.95	0.6	0.25	0.56	0.48	0.01	0.49
Retained Earnings	0.18	-0.03	-0.17	-0.04	0.62	0.15	-0.07		0.02	0.19	0.34	0.39	0.1	-0.06	-0.02	0.2	-0.3	0.22	-0.03	-0.06	0.14	0.05	-0.02	0.22	0.64	0.22
Cash	0.9	0.87	0.77	0.92	0.46	0.9	0.58	0.02		0.8	0.23	0.89	0.81	0.73	0.89	0.85	0.42	0.23	0.93	0.79	0.9	0.05	0.59	0.79	0.12	0.8
Non Current Assets Total	0.75	0.82	0.65	0.69	0.38	0.78	0.67	0.19	0.8		-0.05	0.81	0.8	0.62	0.81	0.77	-0.05	0.31	0.74	0.8	0.73	-0.31	0.22	0.61	0.51	0.62
Non Currrent Assets Other	0.47	0.15	0.04	0.36	0.69	0.37	0.06	0.34	0.23	-0.05		0.39	0.3	0.25	0.17	0.39	0.35	-0.37	0.32	0.04	0.41	0.74	0.67	0.59	-0.05	0.58
Cash And Short Term Investments	0.94	0.79	0.71	0.87	0.7	0.89	0.54	0.39	0.89	0.81	0.39		0.87	0.69	0.81	0.89	0.27	0.12	0.87	0.7	0.94	0.09	0.58	0.86	0.45	0.86
Net Receivables	0.94	0.9	0.64	0.91	0.53	0.91	0.8	0.1	0.81	0.8	0.3	0.87		0.82	0.9	0.93	0.09	-0.12	0.93	0.86	0.92	0.2	0.69	0.81	0.29	0.82
Common Stock Shares Outstanding	0.8	0.75	0.6	0.82	0.58	0.78	0.61	-0.06	0.73	0.62	0.25	0.69	0.82		0.77	0.79	0.2	0.01	0.82	0.7	0.79	0.2	0.66	0.84	0.17	0.85
Non Current Liabilities Total	0.91	1.0	0.59	0.89	0.36	0.95	0.88	-0.02	0.89	0.81	0.17	0.81	0.9	0.77		0.92	0.12	0.08	0.96	0.96	0.85	0.19	0.67	0.73	0.06	0.74
Inventory	0.96	0.9	0.53	0.88	0.61	0.98	0.76	0.2	0.85	0.77	0.39	0.89	0.93	0.79	0.92		0.09	0.07	0.93	0.84	0.88	0.31	0.75	0.85	0.18	0.85
Other Current Assets	0.31	0.07	0.63	0.46	0.23	0.16	-0.23	-0.3	0.42	-0.05	0.35	0.27	0.09	0.2	0.12	0.09		0.03	0.34	-0.06	0.43	0.15	0.35	0.42	-0.25	0.42
Other Stockholder Equity	0.02	0.04	0.11	-0.03	0.11	0.09	-0.12	0.22	0.23	0.31	-0.37	0.12	-0.12	0.01	0.08	0.07	0.03		0.0	0.01	0.02	-0.46	-0.32	0.05	0.13	0.05
Total Liab	0.97	0.94	0.71	0.98	0.48	0.96	0.77	-0.03	0.93	0.74	0.32	0.87	0.93	0.82	0.96	0.93	0.34	0.0		0.88	0.95	0.28	0.78	0.84	0.05	0.85
Property Plant And Equipment Gross	0.8	0.98	0.47	0.78	0.2	0.88	0.95	-0.06	0.79	0.8	0.04	0.7	0.86	0.7	0.96	0.84	-0.06	0.01	0.88		0.74	0.14	0.57	0.57	0.05	0.58
Total Current Assets	0.98	0.83	0.79	0.98	0.64	0.9	0.6	0.14	0.9	0.73	0.41	0.94	0.92	0.79	0.85	0.88	0.43	0.02	0.95	0.74		0.22	0.72	0.91	0.25	0.91
Short Term Debt	0.31	0.18	-0.26	0.26	0.32	0.31	0.25	0.05	0.05	-0.31	0.74	0.09	0.2	0.2	0.19	0.31	0.15	-0.46	0.28	0.14	0.22		0.8	0.33	-0.5	0.32
Accounts Payable	0.78	0.65	0.3	0.77	0.51	0.76	0.56	-0.02	0.59	0.22	0.67	0.58	0.69	0.66	0.67	0.75	0.35	-0.32	0.78	0.57	0.72	0.8		0.73	-0.29	0.74
Common Stock Total Equity	0.91	0.7	0.67	0.87	0.83	0.83	0.48	0.22	0.79	0.61	0.59	0.86	0.81	0.84	0.73	0.85	0.42	0.05	0.84	0.57	0.91	0.33	0.73		0.25	1.0
Short Term Investments	0.2	0.06	0.31	0.09	0.47	0.11	0.01	0.64	0.12	0.51	-0.05	0.45	0.29	0.17	0.06	0.18	-0.25	0.13	0.05	0.05	0.25	-0.5	-0.29	0.25		0.25
Common Stock	0.92	0.7	0.67	0.88	0.83	0.84	0.49	0.22	0.8	0.62	0.58	0.86	0.82	0.85	0.74	0.85	0.42	0.05	0.85	0.58	0.91	0.32	0.74	1.0	0.25

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Granite Construction Account Relationship Matchups

Granite Construction fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.4B	2.5B	2.2B	2.8B	3.2B	3.4B
Short Long Term Debt Total	385.6M	372.8M	320.6M	735.1M	845.4M	887.6M
Other Current Liab	450.7M	536.2M	269.8M	320.9M	369.1M	387.5M
Total Current Liabilities	943.3M	1.1B	797.6M	1.0B	1.2B	1.2B
Total Stockholder Equity	975.7M	967.7M	953.0M	977.3M	1.1B	648.2M
Property Plant And Equipment Net	589.3M	482.8M	558.3M	741.0M	852.2M	894.8M
Net Debt	(50.6M)	(22.8M)	26.6M	317.4M	365.0M	383.3M
Retained Earnings	424.8M	410.8M	481.4M	501.8M	577.1M	490.5M
Cash	436.1M	395.6M	294.0M	417.7M	480.3M	504.3M
Non Current Assets Total	924.8M	667.5M	820.6M	1.2B	1.3B	1.4B
Non Currrent Assets Other	96.4M	67.9M	59.1M	55.6M	64.0M	68.3M
Cash And Short Term Investments	624.9M	585.6M	517.2M	624.8M	718.5M	754.4M
Net Receivables	518.3M	610.0M	705.9M	861.7M	990.9M	1.0B
Common Stock Shares Outstanding	45.6M	47.6M	52.3M	52.6M	60.4M	44.8M
Liabilities And Stockholders Equity	2.4B	2.5B	2.2B	2.8B	3.2B	3.4B
Non Current Liabilities Total	445.1M	430.0M	385.2M	756.7M	870.2M	913.7M
Inventory	82.4M	62.0M	86.8M	103.9M	119.5M	125.5M
Other Current Assets	449.2M	569.9M	37.4M	53.1M	61.1M	116.9M
Other Stockholder Equity	555.4M	559.8M	470.4M	474.1M	545.3M	331.9M
Total Liab	1.4B	1.5B	1.2B	1.8B	2.1B	2.2B
Total Current Assets	1.5B	1.8B	1.3B	1.6B	1.9B	2.0B
Accumulated Other Comprehensive Income	(5.0M)	(3.4M)	788K	881K	1.0M	1.1M
Short Term Debt	8.3M	8.7M	20.1M	56.8M	65.3M	68.5M
Accounts Payable	321.3M	324.3M	334.4M	408.4M	469.6M	493.1M
Short Term Investments	188.8M	189.9M	223.2M	207.1M	238.2M	163.1M
Common Stock	457K	458K	437K	439K	504.9K	443.1K
Other Liab	66.9M	67.8M	65.9M	66.1M	76.0M	50.4M
Other Assets	290.8M	92.0M	81.4M	(74.1M)	(85.3M)	(81.0M)
Long Term Debt	330.5M	331.2M	286.9M	614.8M	707.0M	742.3M
Property Plant Equipment	542.3M	589.3M	482.8M	509.2M	585.6M	481.6M
Good Will	116.8M	53.7M	73.7M	155.0M	178.3M	187.2M
Intangible Assets	33.0M	9.5M	9.1M	117.3M	134.9M	141.7M
Net Tangible Assets	935.8M	858.9M	914.0M	911.5M	1.0B	935.0M

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

How To Invest In Granite

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Is Granite Stock a good investment?

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What is Granite Construction's Net Worth?

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

You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Is Construction & Engineering 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 Granite Construction. If investors know Granite 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 Granite Construction 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

0.38

Dividend Share

0.52

Earnings Share

2.36

Revenue Per Share

90.257

Quarterly Revenue Growth

0.142

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

Cost Of Revenue vs Reconciled Depreciation

Cost Of Revenue vs Reconciled Depreciation Correlation Analysis

Correlation Coefficient

Cost Of Revenue

Reconciled Depreciation

Granite Construction fundamental ratios Correlations

Granite Construction Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Granite Construction fundamental ratios Accounts

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Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Common Stock	+ 1.0	Common Stock Total Equity
Total Current Assets	+ 0.98	Total Assets
Property Plant And Equipment Gross	+ 0.98	Short Long Term Debt Total
Total Liab	+ 0.98	Total Current Liabilities
Total Current Assets	+ 0.98	Total Current Liabilities

Short Term Investments	- 0.5	Short Term Debt
Short Term Debt	- 0.46	Other Stockholder Equity
Other Stockholder Equity	- 0.37	Non Currrent Assets Other
Accounts Payable	- 0.32	Other Stockholder Equity
Short Term Debt	- 0.31	Non Current Assets Total
Other Current Assets	- 0.3	Retained Earnings