Sphere Net Invested Capital vs Retained Earnings Analysis
SPHR Stock | 36.50 0.28 0.77% |
Sphere Entertainment financial indicator trend analysis is much more than just breaking down Sphere Entertainment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sphere Entertainment is a good investment. Please check the relationship between Sphere Entertainment Net Invested Capital and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sphere Entertainment Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Net Invested Capital vs Retained Earnings
Net Invested Capital vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sphere Entertainment Net Invested Capital account and Retained Earnings. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Sphere Entertainment's Net Invested Capital and Retained Earnings is 0.48. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Sphere Entertainment Co, assuming nothing else is changed. The correlation between historical values of Sphere Entertainment's Net Invested Capital and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Sphere Entertainment Co are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Invested Capital i.e., Sphere Entertainment's Net Invested Capital and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.48 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.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.Most indicators from Sphere Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sphere Entertainment 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 Sphere Entertainment Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. At this time, Sphere Entertainment's Tax Provision is relatively stable compared to the past year. As of 06/03/2024, Discontinued Operations is likely to grow to about 399.4 M, while Sales General And Administrative To Revenue is likely to drop 0.38.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 48.5M | 116.0M | 133.5M | 140.1M | Depreciation And Amortization | 124.6M | 103.4M | 118.9M | 122.8M |
Sphere Entertainment fundamental ratios Correlations
Click cells to compare fundamentals
Sphere Entertainment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sphere Entertainment fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 24.0M | 34.1M | 34.3M | 34.9M | 40.2M | 31.3M | |
Total Assets | 3.7B | 5.3B | 5.5B | 5.0B | 5.7B | 4.8B | |
Short Long Term Debt Total | 261.2M | 2.0B | 1.1B | 1.3B | 1.5B | 887.5M | |
Other Current Liab | 244.6M | 366.2M | 882.2M | 532.5M | 612.4M | 461.5M | |
Total Current Liabilities | 510.0M | 729.9M | 961.1M | 692.1M | 796.0M | 706.0M | |
Total Stockholder Equity | 2.9B | 2.2B | 2.0B | 2.6B | 2.3B | 1.9B | |
Property Plant And Equipment Net | 1.9B | 2.4B | 2.2B | 3.4B | 3.9B | 2.3B | |
Current Deferred Revenue | 189.3M | 209.7M | 4.3M | 27.3M | 24.6M | 23.4M | |
Net Debt | (645.4M) | 494.6M | 339.2M | 1.2B | 1.4B | 1.4B | |
Retained Earnings | 142.3M | (96.3M) | (290.7M) | 212.0M | 243.8M | 256.0M | |
Accounts Payable | 17.3M | 26.6M | 2.0M | 39.7M | 45.6M | 25.3M | |
Cash | 906.6M | 1.5B | 747.3M | 132.0M | 118.8M | 112.8M | |
Non Current Assets Total | 2.3B | 3.4B | 4.3B | 4.3B | 5.0B | 3.4B | |
Non Currrent Assets Other | (13.7M) | (77.8M) | 1.3B | (5.2M) | (5.9M) | (5.6M) | |
Cash And Short Term Investments | 1.2B | 1.5B | 747.3M | 132.0M | 118.8M | 112.8M | |
Net Receivables | 80.2M | 216.5M | 126.4M | 160.5M | 184.6M | 137.3M | |
Liabilities And Stockholders Equity | 3.7B | 5.3B | 5.5B | 5.0B | 5.7B | 4.8B | |
Non Current Liabilities Total | 334.8M | 2.2B | 2.4B | 1.7B | 2.0B | 1.3B | |
Inventory | 79.9M | 101.4M | 339.1M | 327.1M | 376.2M | 395.0M | |
Other Current Assets | 22.6M | 37.8M | 5.9M | 4.3M | 3.9M | 3.7M | |
Other Stockholder Equity | 2.8B | 2.3B | 2.3B | 2.4B | 2.7B | 1.8B | |
Total Liab | 844.8M | 3.0B | 3.4B | 2.4B | 2.7B | 2.0B | |
Total Current Assets | 1.4B | 1.9B | 1.2B | 623.9M | 561.5M | 1.0B | |
Accumulated Other Comprehensive Income | (51.9M) | (30.3M) | (48.4M) | (4.9M) | (5.7M) | (6.0M) | |
Short Term Debt | 58.8M | 127.4M | 72.6M | 92.6M | 106.5M | 66.3M | |
Intangible Assets | 214.2M | 262.1M | 21.0M | 17.9M | 16.1M | 15.3M | |
Common Stock | 240K | 340K | 342K | 347K | 312.3K | 296.7K | |
Long Term Debt | 28.1M | 655.1M | 1.7B | 1.1B | 1.3B | 774.3M | |
Net Invested Capital | 2.9B | 3.1B | 3.7B | 3.8B | 4.4B | 3.5B | |
Long Term Investments | 52.6M | 46.0M | 43.8M | 394.5M | 453.7M | 476.4M | |
Short Long Term Debt | 5.4M | 5.7M | 73.8M | 82.5M | 94.9M | 99.6M | |
Capital Stock | 240K | 241K | 342K | 347K | 312.3K | 296.7K | |
Non Current Liabilities Other | 78.3M | 73.8M | 145.5M | 88.8M | 102.1M | 98.1M | |
Net Working Capital | 916.5M | 759.3M | 262.2M | (68.2M) | (61.4M) | (58.3M) |
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Try AI Portfolio ArchitectCheck out World Market Map to better understand how to build diversified portfolios, which includes a position in Sphere Entertainment Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Sphere Entertainment information on this page should be used as a complementary analysis to other Sphere Entertainment's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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When running Sphere Entertainment's price analysis, check to measure Sphere Entertainment'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 Sphere Entertainment is operating at the current time. Most of Sphere Entertainment's value examination focuses on studying past and present price action to predict the probability of Sphere Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere Entertainment's price. Additionally, you may evaluate how the addition of Sphere Entertainment to your portfolios can decrease your overall portfolio volatility.
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Is Sphere Entertainment'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 Sphere Entertainment. If investors know Sphere 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 Sphere Entertainment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 5.99 | Revenue Per Share 25.14 | Quarterly Revenue Growth 0.983 | Return On Assets (0.03) | Return On Equity 0.0893 |
The market value of Sphere Entertainment is measured differently than its book value, which is the value of Sphere that is recorded on the company's balance sheet. Investors also form their own opinion of Sphere Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Sphere Entertainment'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 Sphere Entertainment's market value can be influenced by many factors that don't directly affect Sphere Entertainment'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 Sphere Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sphere Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere Entertainment'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.