Vestis Good Will vs Common Stock Analysis

VSTS Stock

15.62 2.31 17.36%

Vestis financial indicator trend analysis is much more than just breaking down Vestis prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vestis is a good investment. Please check the relationship between Vestis Good Will and its Common Stock accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vestis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.

Good Will vs Common Stock

Good Will vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vestis Good Will account and Common Stock. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Vestis' Good Will and Common Stock is 0.58. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Common Stock in the same time period over historical financial statements of Vestis, assuming nothing else is changed. The correlation between historical values of Vestis' Good Will 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 Good Will of Vestis 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 Good Will i.e., Vestis' Good Will and Common Stock go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

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Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Common Stock

Most indicators from Vestis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vestis 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Vestis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.Enterprise Value is likely to gain to about 2.7 B in 2024, whereas Tax Provision is likely to drop slightly above 37.1 M in 2024.

	2022	2023	2024 (projected)
Interest Expense	10K	9K	8.6K
Depreciation And Amortization	136.5M	122.9M	108.3M

Interest Expense Depreciation And Amortization

Vestis fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Common Stock Shares Outstanding		-0.84	-0.8	0.83	-0.84	0.58	-0.77	0.73	0.99	-0.8	-0.67	0.65	1.0	-0.74	-0.74	0.65	-0.69	1.0	-0.81	-0.74	-0.84	-0.8	0.58	-0.5	-0.83	-0.78
Total Assets	-0.84		0.85	-0.85	0.98	-0.78	0.98	-0.8	-0.87	0.85	0.64	-0.58	-0.86	0.96	0.96	-0.58	0.89	-0.84	0.85	0.96	0.99	0.92	-0.78	0.78	1.0	0.97
Short Long Term Debt Total	-0.8	0.85		-0.93	0.86	-0.95	0.9	-0.99	-0.85	1.0	0.52	-0.59	-0.84	0.92	0.92	-0.59	0.91	-0.8	1.0	0.92	0.86	0.82	-0.95	0.9	0.85	0.91
Other Current Liab	0.83	-0.85	-0.93		-0.92	0.85	-0.86	0.9	0.89	-0.93	-0.8	0.84	0.87	-0.88	-0.88	0.84	-0.95	0.82	-0.93	-0.87	-0.9	-0.95	0.84	-0.8	-0.84	-0.91
Total Current Liabilities	-0.84	0.98	0.86	-0.92		-0.79	0.96	-0.81	-0.88	0.86	0.76	-0.72	-0.87	0.95	0.95	-0.72	0.94	-0.83	0.86	0.95	1.0	0.98	-0.79	0.78	0.97	0.98
Total Stockholder Equity	0.58	-0.78	-0.95	0.85	-0.79		-0.88	0.97	0.66	-0.95	-0.4	0.48	0.64	-0.91	-0.91	0.48	-0.91	0.58	-0.94	-0.92	-0.8	-0.75	1.0	-0.99	-0.78	-0.89
Other Liab	-0.77	0.98	0.9	-0.86	0.96	-0.88		-0.87	-0.81	0.9	0.56	-0.52	-0.81	1.0	1.0	-0.52	0.92	-0.77	0.9	1.0	0.97	0.89	-0.88	0.88	0.98	0.99
Net Tangible Assets	0.73	-0.8	-0.99	0.9	-0.81	0.97	-0.87		0.79	-0.99	-0.47	0.55	0.78	-0.9	-0.9	0.55	-0.9	0.73	-0.99	-0.9	-0.82	-0.78	0.97	-0.92	-0.8	-0.88
Property Plant And Equipment Net	0.99	-0.87	-0.85	0.89	-0.88	0.66	-0.81	0.79		-0.85	-0.71	0.71	1.0	-0.8	-0.8	0.71	-0.77	0.99	-0.86	-0.79	-0.88	-0.86	0.66	-0.58	-0.86	-0.83
Net Debt	-0.8	0.85	1.0	-0.93	0.86	-0.95	0.9	-0.99	-0.85		0.53	-0.59	-0.84	0.92	0.92	-0.59	0.91	-0.8	1.0	0.92	0.87	0.82	-0.95	0.9	0.85	0.91
Accounts Payable	-0.67	0.64	0.52	-0.8	0.76	-0.4	0.56	-0.47	-0.71	0.53		-0.97	-0.68	0.56	0.56	-0.97	0.72	-0.64	0.53	0.55	0.72	0.87	-0.4	0.38	0.61	0.65
Cash	0.65	-0.58	-0.59	0.84	-0.72	0.48	-0.52	0.55	0.71	-0.59	-0.97		0.67	-0.55	-0.55	1.0	-0.74	0.62	-0.59	-0.53	-0.67	-0.85	0.47	-0.43	-0.55	-0.63
Non Current Assets Total	1.0	-0.86	-0.84	0.87	-0.87	0.64	-0.81	0.78	1.0	-0.84	-0.68	0.67		-0.79	-0.79	0.67	-0.74	1.0	-0.85	-0.78	-0.87	-0.84	0.64	-0.56	-0.86	-0.82
Non Currrent Assets Other	-0.74	0.96	0.92	-0.88	0.95	-0.91	1.0	-0.9	-0.8	0.92	0.56	-0.55	-0.79		1.0	-0.55	0.95	-0.74	0.92	1.0	0.97	0.89	-0.91	0.92	0.96	0.99
Other Assets	-0.74	0.96	0.92	-0.88	0.95	-0.91	1.0	-0.9	-0.8	0.92	0.56	-0.55	-0.79	1.0		-0.55	0.95	-0.74	0.92	1.0	0.97	0.89	-0.91	0.92	0.96	0.99
Cash And Short Term Investments	0.65	-0.58	-0.59	0.84	-0.72	0.48	-0.52	0.55	0.71	-0.59	-0.97	1.0	0.67	-0.55	-0.55		-0.74	0.62	-0.59	-0.53	-0.67	-0.85	0.47	-0.43	-0.55	-0.63
Net Receivables	-0.69	0.89	0.91	-0.95	0.94	-0.91	0.92	-0.9	-0.77	0.91	0.72	-0.74	-0.74	0.95	0.95	-0.74		-0.68	0.91	0.94	0.93	0.95	-0.91	0.91	0.88	0.96
Good Will	1.0	-0.84	-0.8	0.82	-0.83	0.58	-0.77	0.73	0.99	-0.8	-0.64	0.62	1.0	-0.74	-0.74	0.62	-0.68		-0.81	-0.74	-0.83	-0.79	0.58	-0.5	-0.84	-0.77
Non Current Liabilities Total	-0.81	0.85	1.0	-0.93	0.86	-0.94	0.9	-0.99	-0.86	1.0	0.53	-0.59	-0.85	0.92	0.92	-0.59	0.91	-0.81		0.92	0.87	0.83	-0.94	0.89	0.85	0.91
Capital Lease Obligations	-0.74	0.96	0.92	-0.87	0.95	-0.92	1.0	-0.9	-0.79	0.92	0.55	-0.53	-0.78	1.0	1.0	-0.53	0.94	-0.74	0.92		0.96	0.89	-0.92	0.92	0.96	0.99
Inventory	-0.84	0.99	0.86	-0.9	1.0	-0.8	0.97	-0.82	-0.88	0.87	0.72	-0.67	-0.87	0.97	0.97	-0.67	0.93	-0.83	0.87	0.96		0.96	-0.8	0.79	0.99	0.98
Other Current Assets	-0.8	0.92	0.82	-0.95	0.98	-0.75	0.89	-0.78	-0.86	0.82	0.87	-0.85	-0.84	0.89	0.89	-0.85	0.95	-0.79	0.83	0.89	0.96		-0.75	0.74	0.9	0.94
Other Stockholder Equity	0.58	-0.78	-0.95	0.84	-0.79	1.0	-0.88	0.97	0.66	-0.95	-0.4	0.47	0.64	-0.91	-0.91	0.47	-0.91	0.58	-0.94	-0.92	-0.8	-0.75		-0.99	-0.78	-0.89
Total Liab	-0.5	0.78	0.9	-0.8	0.78	-0.99	0.88	-0.92	-0.58	0.9	0.38	-0.43	-0.56	0.92	0.92	-0.43	0.91	-0.5	0.89	0.92	0.79	0.74	-0.99		0.78	0.89
Net Invested Capital	-0.83	1.0	0.85	-0.84	0.97	-0.78	0.98	-0.8	-0.86	0.85	0.61	-0.55	-0.86	0.96	0.96	-0.55	0.88	-0.84	0.85	0.96	0.99	0.9	-0.78	0.78		0.97
Property Plant And Equipment Gross	-0.78	0.97	0.91	-0.91	0.98	-0.89	0.99	-0.88	-0.83	0.91	0.65	-0.63	-0.82	0.99	0.99	-0.63	0.96	-0.77	0.91	0.99	0.98	0.94	-0.89	0.89	0.97

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Vestis Good Will vs Common Stock Analysis

Good Will vs Common Stock

Good Will vs Common Stock Correlation Analysis

Correlation Coefficient

Good Will

Common Stock

Vestis fundamental ratios Correlations

Vestis Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Vestis Stock Analysis

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COMPANY

Non Current Assets Total	+ 1.0	Common Stock Shares Outstanding
Good Will	+ 1.0	Common Stock Shares Outstanding
Net Invested Capital	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Inventory	+ 1.0	Total Current Liabilities

Total Liab	- 0.99	Other Stockholder Equity
Non Current Liabilities Total	- 0.99	Net Tangible Assets
Net Debt	- 0.99	Net Tangible Assets
Total Liab	- 0.99	Total Stockholder Equity
Net Tangible Assets	- 0.99	Short Long Term Debt Total
Cash And Short Term Investments	- 0.97	Accounts Payable