Graco Retained Earnings vs Non Current Assets Total Analysis

GGG Stock  USD 89.62  0.45  0.50%   
Graco financial indicator trend analysis is much more than just examining Graco Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Graco Inc is a good investment. Please check the relationship between Graco Retained Earnings and its Non Current Assets Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Graco 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 price.

Retained Earnings vs Non Current Assets Total

Retained Earnings vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Graco Inc Retained Earnings account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Graco's Retained Earnings and Non Current Assets Total is 0.9. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Graco Inc, assuming nothing else is changed. The correlation between historical values of Graco's Retained Earnings and Non Current Assets Total 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 Graco Inc are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Retained Earnings i.e., Graco's Retained Earnings and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Graco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Graco Inc 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 Graco 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 price.
At this time, Graco's Enterprise Value Multiple is most likely to increase in the upcoming years. The Graco's current Enterprise Value is estimated to increase to about 2.4 B, while Tax Provision is projected to decrease to roughly 65 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.0B1.1B1.2B1.2B
Total Revenue2.0B2.1B2.2B2.3B

Graco fundamental ratios Correlations

-0.30.920.930.960.93-0.640.930.940.80.970.640.70.960.83-0.66-0.260.940.760.970.160.850.970.620.790.1
-0.3-0.35-0.42-0.54-0.580.87-0.55-0.39-0.59-0.35-0.090.04-0.31-0.51-0.220.96-0.51-0.38-0.430.81-0.57-0.24-0.28-0.470.32
0.92-0.350.950.870.82-0.620.80.950.720.920.810.50.960.92-0.67-0.270.920.890.950.20.70.850.60.920.31
0.93-0.420.950.910.86-0.730.860.970.850.890.710.590.930.89-0.6-0.40.940.790.940.110.740.90.780.880.12
0.96-0.540.870.910.99-0.80.990.920.860.930.540.640.90.83-0.47-0.510.950.730.96-0.120.930.920.610.78-0.08
0.93-0.580.820.860.99-0.810.990.880.850.910.470.60.870.81-0.44-0.540.940.690.93-0.180.960.890.530.75-0.12
-0.640.87-0.62-0.73-0.8-0.81-0.8-0.68-0.91-0.61-0.35-0.38-0.61-0.720.110.86-0.74-0.52-0.70.53-0.76-0.62-0.62-0.670.22
0.93-0.550.80.860.990.99-0.80.860.860.90.440.660.830.74-0.37-0.550.910.640.9-0.190.950.90.610.68-0.2
0.94-0.390.950.970.920.88-0.680.860.780.930.70.520.970.89-0.67-0.350.980.860.970.140.750.890.640.880.15
0.8-0.590.720.850.860.85-0.910.860.780.720.470.660.740.75-0.36-0.590.790.530.8-0.20.790.830.770.71-0.09
0.97-0.350.920.890.930.91-0.610.90.930.720.640.50.960.82-0.67-0.270.950.860.970.130.840.870.520.790.2
0.64-0.090.810.710.540.47-0.350.440.70.470.640.350.740.71-0.66-0.020.60.770.690.460.280.60.480.750.56
0.70.040.50.590.640.6-0.380.660.520.660.50.350.510.41-0.33-0.040.480.150.550.210.580.850.60.37-0.21
0.96-0.310.960.930.90.87-0.610.830.970.740.960.740.510.9-0.77-0.220.950.890.980.230.760.880.540.890.31
0.83-0.510.920.890.830.81-0.720.740.890.750.820.710.410.9-0.6-0.40.880.80.90.030.720.780.480.990.27
-0.66-0.22-0.67-0.6-0.47-0.440.11-0.37-0.67-0.36-0.67-0.66-0.33-0.77-0.6-0.33-0.58-0.66-0.67-0.67-0.34-0.6-0.26-0.61-0.67
-0.260.96-0.27-0.4-0.51-0.540.86-0.55-0.35-0.59-0.27-0.02-0.04-0.22-0.4-0.33-0.46-0.25-0.350.83-0.53-0.24-0.37-0.360.51
0.94-0.510.920.940.950.94-0.740.910.980.790.950.60.480.950.88-0.58-0.460.850.97-0.010.840.870.570.860.06
0.76-0.380.890.790.730.69-0.520.640.860.530.860.770.150.890.8-0.66-0.250.850.860.160.550.620.390.810.44
0.97-0.430.950.940.960.93-0.70.90.970.80.970.690.550.980.9-0.67-0.350.970.860.090.840.910.580.870.19
0.160.810.20.11-0.12-0.180.53-0.190.14-0.20.130.460.210.230.03-0.670.83-0.010.160.09-0.290.180.050.080.63
0.85-0.570.70.740.930.96-0.760.950.750.790.840.280.580.760.72-0.34-0.530.840.550.84-0.290.810.420.63-0.2
0.97-0.240.850.90.920.89-0.620.90.890.830.870.60.850.880.78-0.6-0.240.870.620.910.180.810.670.740.0
0.62-0.280.60.780.610.53-0.620.610.640.770.520.480.60.540.48-0.26-0.370.570.390.580.050.420.670.48-0.06
0.79-0.470.920.880.780.75-0.670.680.880.710.790.750.370.890.99-0.61-0.360.860.810.870.080.630.740.480.32
0.10.320.310.12-0.08-0.120.22-0.20.15-0.090.20.56-0.210.310.27-0.670.510.060.440.190.63-0.20.0-0.060.32
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Graco Account Relationship Matchups

Graco fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.7B2.0B2.4B2.4B2.7B2.9B
Short Long Term Debt Total196.2M201.4M217.0M117.0M50.1M47.6M
Other Current Liab190.3M221.2M235.0M208.8M223.3M234.5M
Total Current Liabilities285.3M321.4M506.8M399.9M395.2M415.0M
Total Stockholder Equity1.0B1.3B1.7B1.9B2.2B2.3B
Property Plant And Equipment Net355.4M388.6M481.1M637.4M760.5M798.5M
Net Debt(24.8M)(177.5M)(407.3M)(222.2M)(487.9M)(463.5M)
Retained Earnings449.0M568.3M876.9M976.9M1.2B1.3B
Accounts Payable54.1M58.3M78.4M84.2M72.2M75.8M
Cash221.0M378.9M624.3M339.2M538.0M564.8M
Non Current Assets Total900.7M964.3M1.1B1.2B1.4B1.4B
Non Currrent Assets Other28.1M34.1M29.1M24.4M25.6M16.8M
Cash And Short Term Investments221.0M378.9M624.3M339.2M538.0M564.8M
Net Receivables267.3M314.9M325.1M346.0M354.4M372.2M
Common Stock Total Equity167.3M168.6M170.3M167.7M192.9M202.5M
Common Stock Shares Outstanding171.6M172.0M174.5M172.9M172.2M175.3M
Liabilities And Stockholders Equity1.7B2.0B2.4B2.4B2.7B2.9B
Non Current Liabilities Total382.0M382.8M227.1M179.3M102.6M199.5M
Inventory273.2M285.7M382.3M476.8M438.3M460.3M
Other Current Assets29.9M44.2M31.9M43.6M35.1M36.8M
Other Stockholder Equity578.4M671.2M742.3M784.5M863.3M906.5M
Total Liab667.3M704.2M733.9M579.2M497.8M355.4M
Property Plant And Equipment Gross355.4M350.8M481.1M637.4M1.2B1.3B
Total Current Assets791.5M1.0B1.4B1.2B1.4B1.4B
Accumulated Other Comprehensive Income(169.8M)(124.2M)(80.2M)(69.4M)(35.0M)(36.7M)
Short Term Debt7.7M33.4M127.6M30.5M38.3M40.2M
Common Stock167.3M168.6M170.3M167.7M167.9M176.3M
Other Liab193.5M203.6M128.5M83.3M95.8M111.5M
Other Assets64.4M105.3M92.5M90.2M103.7M108.9M
Long Term Debt266.4M164.3M150M75M86.3M81.9M
Intangible Assets162.6M160.7M149.7M137.5M128.9M105.9M
Property Plant Equipment325.5M350.8M481.1M637.4M733.0M769.7M
Good Will307.7M347.6M356.3M368.2M370.2M202.3M
Current Deferred Revenue33.1M41.7M60.6M50.7M51.6M30.0M
Net Tangible Assets578.8M804.9M1.2B1.4B1.6B1.7B
Retained Earnings Total Equity449.0M568.3M876.9M976.9M1.1B1.2B
Long Term Debt Total266.4M164.3M150M75M67.5M64.1M
Capital Surpluse578.4M671.2M742.3M784.5M902.1M528.5M

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When determining whether Graco Inc is a strong investment it is important to analyze Graco's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Graco's future performance. For an informed investment choice regarding Graco Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Graco 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 price.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Industrial Machinery & Supplies & Components 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 Graco. If investors know Graco 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 Graco 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
(0.08)
Dividend Share
1.02
Earnings Share
2.83
Revenue Per Share
12.64
Quarterly Revenue Growth
(0.04)
The market value of Graco Inc is measured differently than its book value, which is the value of Graco that is recorded on the company's balance sheet. Investors also form their own opinion of Graco's value that differs from its market value or its book value, called intrinsic value, which is Graco'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 Graco's market value can be influenced by many factors that don't directly affect Graco'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 Graco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Graco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Graco'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.