Granite Construction Incorporated Stock Return On Asset
| GVA Stock | USD 54.90 1.32 2.46% |
Granite Construction Incorporated fundamentals help investors to digest information that contributes to Granite Construction's financial success or failures. It also enables traders to predict the movement of Granite Stock. The fundamental analysis module provides a way to measure Granite Construction's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Granite Construction stock.
As of April 23, 2024, Return On Assets is expected to decline to 0.01. Granite | Return On Asset |
Granite Construction Incorporated Company Return On Asset Analysis
Granite Construction's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Granite Construction Return On Asset | 0.0141 |
Most of Granite Construction's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Granite Construction Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Granite Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Granite Construction is extremely important. It helps to project a fair market value of Granite Stock properly, considering its historical fundamentals such as Return On Asset. Since Granite Construction's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Granite Construction's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Granite Construction's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Granite Total Assets
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Based on the latest financial disclosure, Granite Construction Incorporated has a Return On Asset of 0.0141. This is 102.76% lower than that of the Construction & Engineering sector and 97.61% lower than that of the Industrials industry. The return on asset for all United States stocks is 110.07% lower than that of the firm.
Granite Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Granite Construction's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Granite Construction could also be used in its relative valuation, which is a method of valuing Granite Construction by comparing valuation metrics of similar companies.Granite Construction is currently under evaluation in return on asset category among related companies.
Granite Fundamentals
| Return On Equity | 0.0294 | ||||
| Return On Asset | 0.0141 | ||||
| Profit Margin | 0.01 % | ||||
| Operating Margin | 0 % | ||||
| Current Valuation | 2.51 B | ||||
| Shares Outstanding | 43.97 M | ||||
| Shares Owned By Insiders | 0.89 % | ||||
| Shares Owned By Institutions | 99.11 % | ||||
| Number Of Shares Shorted | 4.16 M | ||||
| Price To Earning | 33.49 X | ||||
| Price To Book | 2.49 X | ||||
| Price To Sales | 0.69 X | ||||
| Revenue | 3.51 B | ||||
| Gross Profit | 369.49 M | ||||
| EBITDA | 143.99 M | ||||
| Net Income | 43.6 M | ||||
| Cash And Equivalents | 293.99 M | ||||
| Cash Per Share | 11.02 X | ||||
| Total Debt | 735.09 M | ||||
| Debt To Equity | 0.33 % | ||||
| Current Ratio | 1.52 X | ||||
| Book Value Per Share | 22.24 X | ||||
| Cash Flow From Operations | 183.71 M | ||||
| Short Ratio | 11.23 X | ||||
| Earnings Per Share | 0.97 X | ||||
| Price To Earnings To Growth | 5.56 X | ||||
| Target Price | 62.8 | ||||
| Number Of Employees | 2.1 K | ||||
| Beta | 1.47 | ||||
| Market Capitalization | 2.36 B | ||||
| Total Asset | 2.81 B | ||||
| Retained Earnings | 501.84 M | ||||
| Working Capital | 613.57 M | ||||
| Current Asset | 985.22 M | ||||
| Current Liabilities | 466.05 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 1.63 % | ||||
| Net Asset | 2.81 B | ||||
| Last Dividend Paid | 0.52 |
About Granite Construction Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Granite Construction Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Granite Construction using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Granite Construction Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Complementary Tools for Granite Stock analysis
When running Granite Construction's price analysis, check to measure Granite Construction's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Construction is operating at the current time. Most of Granite Construction's value examination focuses on studying past and present price action to predict the probability of Granite Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Construction's price. Additionally, you may evaluate how the addition of Granite Construction to your portfolios can decrease your overall portfolio volatility.
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Is Granite Construction's industry 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 0.295 | Dividend Share 0.52 | Earnings Share 0.97 | Revenue Per Share 79.973 | Quarterly Revenue Growth 0.183 |
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.