SP Plus Total Assets vs Net Invested Capital Analysis

SP Stock

USD 53.46 2.09 4.07%

SP Plus financial indicator trend analysis is much more than just breaking down SP Plus Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SP Plus Corp is a good investment. Please check the relationship between SP Plus Total Assets and its Net Invested Capital accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SP Plus Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

Total Assets vs Net Invested Capital

Total Assets vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SP Plus Corp Total Assets account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between SP Plus' Total Assets and Net Invested Capital is 0.7. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of SP Plus Corp, assuming nothing else is changed. The correlation between historical values of SP Plus' Total Assets and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of SP Plus Corp are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Assets i.e., SP Plus' Total Assets and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.7

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Assets

Total assets refers to the total amount of SP Plus 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 SP Plus Corp 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.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from SP Plus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SP Plus Corp 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 SP Plus Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

At this time, SP Plus' Tax Provision is relatively stable compared to the past year. As of 05/11/2024, Sales General And Administrative To Revenue is likely to grow to 0.08, while Enterprise Value Multiple is likely to drop 6.28.

	2021	2022	2023	2024 (projected)
Gross Profit	179.8M	221.7M	218.5M	127.6M
Total Revenue	1.2B	1.6B	1.8B	1.0B

Gross Profit Total Revenue

SP Plus fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Liab
Total Assets		0.88	0.66	0.97	0.74	0.68	-0.33	0.78	0.64	0.83	0.22	1.0	0.0	0.22	0.91	0.96	0.33	0.93	0.75	0.49	0.96	0.59	0.92	0.74	0.62	0.24
Short Long Term Debt Total	0.88		0.53	0.86	0.42	0.88	-0.32	0.94	0.56	0.54	-0.07	0.9	-0.09	-0.07	0.7	0.74	0.16	0.98	0.64	0.06	0.96	0.79	0.66	0.91	0.78	-0.19
Other Current Liab	0.66	0.53		0.62	0.66	0.38	-0.79	0.45	0.62	0.57	0.01	0.66	-0.02	0.01	0.73	0.73	0.39	0.51	0.31	0.37	0.56	0.33	0.64	0.43	0.51	0.06
Total Current Liabilities	0.97	0.86	0.62		0.65	0.66	-0.25	0.76	0.54	0.89	0.07	0.96	-0.02	0.07	0.9	0.93	0.23	0.91	0.78	0.44	0.96	0.58	0.91	0.74	0.59	0.26
Total Stockholder Equity	0.74	0.42	0.66	0.65		0.36	-0.4	0.43	0.79	0.73	0.47	0.72	-0.09	0.47	0.78	0.82	0.54	0.5	0.47	0.74	0.56	0.35	0.82	0.38	0.41	0.46
Property Plant And Equipment Net	0.68	0.88	0.38	0.66	0.36		-0.3	0.95	0.66	0.31	-0.25	0.71	-0.35	-0.25	0.51	0.48	0.13	0.81	0.4	-0.15	0.78	0.96	0.42	0.97	0.79	-0.36
Current Deferred Revenue	-0.33	-0.32	-0.79	-0.25	-0.4	-0.3		-0.33	-0.52	-0.13	0.05	-0.34	0.11	0.05	-0.37	-0.39	-0.62	-0.27	-0.01	-0.13	-0.27	-0.29	-0.26	-0.32	-0.41	0.17
Net Debt	0.78	0.94	0.45	0.76	0.43	0.95	-0.33		0.64	0.45	-0.15	0.8	-0.32	-0.15	0.61	0.63	0.2	0.91	0.56	-0.02	0.88	0.92	0.56	0.96	0.89	-0.24
Retained Earnings	0.64	0.56	0.62	0.54	0.79	0.66	-0.52	0.64		0.44	0.27	0.64	-0.42	0.27	0.72	0.61	0.4	0.54	0.16	0.18	0.55	0.69	0.63	0.59	0.73	-0.12
Accounts Payable	0.83	0.54	0.57	0.89	0.73	0.31	-0.13	0.45	0.44		0.24	0.8	-0.04	0.24	0.9	0.89	0.21	0.65	0.67	0.66	0.75	0.28	0.94	0.4	0.35	0.6
Cash	0.22	-0.07	0.01	0.07	0.47	-0.25	0.05	-0.15	0.27	0.24		0.18	0.16	1.0	0.25	0.32	0.22	0.05	0.14	0.51	0.06	-0.26	0.4	-0.28	-0.06	0.38
Non Current Assets Total	1.0	0.9	0.66	0.96	0.72	0.71	-0.34	0.8	0.64	0.8	0.18		0.01	0.18	0.88	0.94	0.33	0.94	0.75	0.46	0.97	0.62	0.9	0.77	0.63	0.2
Non Currrent Assets Other	0.0	-0.09	-0.02	-0.02	-0.09	-0.35	0.11	-0.32	-0.42	-0.04	0.16	0.01		0.16	-0.15	0.04	0.1	-0.07	0.31	0.35	-0.06	-0.59	-0.03	-0.25	-0.49	0.2
Cash And Short Term Investments	0.22	-0.07	0.01	0.07	0.47	-0.25	0.05	-0.15	0.27	0.24	1.0	0.18	0.16		0.25	0.32	0.22	0.05	0.14	0.51	0.06	-0.26	0.4	-0.28	-0.06	0.38
Net Receivables	0.91	0.7	0.73	0.9	0.78	0.51	-0.37	0.61	0.72	0.9	0.25	0.88	-0.15	0.25		0.93	0.33	0.76	0.53	0.47	0.82	0.49	0.96	0.55	0.59	0.29
Good Will	0.96	0.74	0.73	0.93	0.82	0.48	-0.39	0.63	0.61	0.89	0.32	0.94	0.04	0.32	0.93		0.43	0.82	0.71	0.65	0.87	0.41	0.96	0.56	0.54	0.4
Common Stock Shares Outstanding	0.33	0.16	0.39	0.23	0.54	0.13	-0.62	0.2	0.4	0.21	0.22	0.33	0.1	0.22	0.33	0.43		0.22	0.15	0.5	0.22	0.1	0.33	0.17	0.15	0.29
Non Current Liabilities Total	0.93	0.98	0.51	0.91	0.5	0.81	-0.27	0.91	0.54	0.65	0.05	0.94	-0.07	0.05	0.76	0.82	0.22		0.72	0.21	0.99	0.72	0.76	0.86	0.73	0.0
Other Current Assets	0.75	0.64	0.31	0.78	0.47	0.4	-0.01	0.56	0.16	0.67	0.14	0.75	0.31	0.14	0.53	0.71	0.15	0.72		0.57	0.75	0.28	0.66	0.57	0.32	0.38
Other Stockholder Equity	0.49	0.06	0.37	0.44	0.74	-0.15	-0.13	-0.02	0.18	0.66	0.51	0.46	0.35	0.51	0.47	0.65	0.5	0.21	0.57		0.3	-0.21	0.63	-0.04	-0.16	0.86
Total Liab	0.96	0.96	0.56	0.96	0.56	0.78	-0.27	0.88	0.55	0.75	0.06	0.97	-0.06	0.06	0.82	0.87	0.22	0.99	0.75	0.3		0.69	0.83	0.83	0.7	0.09
Property Plant And Equipment Gross	0.59	0.79	0.33	0.58	0.35	0.96	-0.29	0.92	0.69	0.28	-0.26	0.62	-0.59	-0.26	0.49	0.41	0.1	0.72	0.28	-0.21	0.69		0.38	0.91	0.83	-0.35
Total Current Assets	0.92	0.66	0.64	0.91	0.82	0.42	-0.26	0.56	0.63	0.94	0.4	0.9	-0.03	0.4	0.96	0.96	0.33	0.76	0.66	0.63	0.83	0.38		0.48	0.49	0.46
Short Term Debt	0.74	0.91	0.43	0.74	0.38	0.97	-0.32	0.96	0.59	0.4	-0.28	0.77	-0.25	-0.28	0.55	0.56	0.17	0.86	0.57	-0.04	0.83	0.91	0.48		0.79	-0.28
Common Stock	0.62	0.78	0.51	0.59	0.41	0.79	-0.41	0.89	0.73	0.35	-0.06	0.63	-0.49	-0.06	0.59	0.54	0.15	0.73	0.32	-0.16	0.7	0.83	0.49	0.79		-0.39
Other Liab	0.24	-0.19	0.06	0.26	0.46	-0.36	0.17	-0.24	-0.12	0.6	0.38	0.2	0.2	0.38	0.29	0.4	0.29	0.0	0.38	0.86	0.09	-0.35	0.46	-0.28	-0.39

Click cells to compare fundamentals

SP Plus Account Relationship Matchups

SP Plus fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	1.1B	1.1B	1.1B	1.2B	635.0M
Short Long Term Debt Total	811.9M	687.6M	589.7M	562.9M	566.3M	287.3M
Other Current Liab	102M	100.2M	107.6M	120.2M	110.6M	57.3M
Total Current Liabilities	369.8M	317.6M	332.8M	343.6M	337.4M	182.7M
Total Stockholder Equity	374.1M	183.1M	222.5M	226M	250.8M	263.3M
Property Plant And Equipment Net	479.6M	288.4M	201.2M	227.1M	247.7M	260.1M
Current Deferred Revenue	19.4M	12.5M	15.7M	17.4M	17.5M	25.0M
Net Debt	787.8M	673.7M	574M	550.5M	547.2M	574.6M
Retained Earnings	169.5M	(3.3M)	28.4M	73.6M	104.7M	109.9M
Accounts Payable	115.3M	97.8M	118.5M	133.4M	136.6M	78.3M
Cash	24.1M	13.9M	15.7M	12.4M	19.1M	16.2M
Non Current Assets Total	1.3B	985.8M	928.7M	924.6M	939.7M	512.3M
Non Currrent Assets Other	29.9M	33.8M	146.5M	29.1M	(559.4M)	(531.4M)
Cash And Short Term Investments	24.1M	13.9M	15.7M	12.4M	19.1M	16.2M
Net Receivables	162.3M	111.2M	139.6M	167.7M	180.5M	91.7M
Good Will	585.5M	586M	526.6M	543.2M	544.6M	321.2M
Common Stock Shares Outstanding	22.2M	21.1M	21.4M	21.0M	19.8M	22.1M
Liabilities And Stockholders Equity	1.5B	1.1B	1.1B	1.1B	1.2B	635.0M
Non Current Liabilities Total	735.9M	638.7M	561.3M	552.1M	563.8M	341.2M
Other Current Assets	24.7M	26.8M	32.2M	16.7M	12.6M	12.6M
Other Stockholder Equity	207.3M	190.8M	196.9M	154.2M	147.4M	152.9M
Total Liab	1.1B	956.3M	894.1M	895.7M	901.2M	523.8M
Property Plant And Equipment Gross	479.6M	288.4M	201.2M	227.1M	380.3M	399.3M
Total Current Assets	211.1M	151.9M	187.5M	196.8M	212.2M	122.7M
Accumulated Other Comprehensive Income	(2.7M)	(4.4M)	(2.8M)	(1.8M)	(1.3M)	(1.4M)
Short Term Debt	133.1M	107.1M	91M	72.6M	72.7M	76.3M
Other Liab	57.1M	58.2M	62.6M	61.8M	71.1M	63.2M
Other Assets	40.5M	397M	146.5M	73.5M	84.5M	53.4M
Long Term Debt	351.1M	337.1M	298.4M	331.8M	335.6M	220.1M
Intangible Assets	152.2M	63.1M	54.4M	68.9M	59.7M	70.6M
Property Plant Equipment	479.6M	53.3M	201.2M	60.2M	69.2M	62.2M
Noncontrolling Interest In Consolidated Entity	(200K)	(1.7M)	(400K)	(300K)	(270K)	(256.5K)
Retained Earnings Total Equity	169.5M	(3.3M)	28.4M	73.6M	84.6M	88.9M

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When determining whether SP Plus Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if SP Plus Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Sp Plus Corp Stock. Highlighted below are key reports to facilitate an investment decision about Sp Plus Corp Stock:

How To Invest In SP Plus

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Is SP Plus Stock a good investment?

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What is SP Plus' Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SP Plus Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running SP Plus' price analysis, check to measure SP Plus' 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 SP Plus is operating at the current time. Most of SP Plus' value examination focuses on studying past and present price action to predict the probability of SP Plus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SP Plus' price. Additionally, you may evaluate how the addition of SP Plus to your portfolios can decrease your overall portfolio volatility.

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Is SP Plus' 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 SP Plus. If investors know SP Plus 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 SP Plus 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

(0.1)

Earnings Share

1.53

Revenue Per Share

45.135

Quarterly Revenue Growth

0.027

Return On Assets

0.0514

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

Total Assets vs Net Invested Capital

Total Assets vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Total Assets

Net Invested Capital

SP Plus fundamental ratios Correlations

SP Plus Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SP Plus fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Total Current Liabilities	+ 0.97	Total Assets
Short Term Debt	+ 0.97	Property Plant And Equipment Net

Current Deferred Revenue	- 0.79	Other Current Liab
Common Stock Shares Outstanding	- 0.62	Current Deferred Revenue
Property Plant And Equipment Gross	- 0.59	Non Currrent Assets Other
Retained Earnings	- 0.52	Current Deferred Revenue
Common Stock	- 0.49	Non Currrent Assets Other
Non Currrent Assets Other	- 0.42	Retained Earnings