SunLink Retained Earnings vs Net Tangible Assets Analysis
SSY Stock | USD 0.60 0.03 4.76% |
SunLink Health financial indicator trend analysis is much more than just breaking down SunLink Health Systems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SunLink Health Systems is a good investment. Please check the relationship between SunLink Health Retained Earnings and its Net Tangible Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SunLink Health Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Retained Earnings vs Net Tangible Assets
Retained Earnings vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SunLink Health Systems Retained Earnings account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between SunLink Health's Retained Earnings and Net Tangible Assets is 0.95. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of SunLink Health Systems, assuming nothing else is changed. The correlation between historical values of SunLink Health's Retained Earnings and Net Tangible Assets 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 SunLink Health Systems are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Retained Earnings i.e., SunLink Health's Retained Earnings and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very 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.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from SunLink Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SunLink Health Systems 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 SunLink Health Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. Selling General Administrative is likely to rise to about 30.3 M in 2024, despite the fact that Discontinued Operations is likely to grow to (119.7 K).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 20.1M | 23.9M | 27.5M | 36.5M | Total Revenue | 41.3M | 47.9M | 43.2M | 78.5M |
SunLink Health fundamental ratios Correlations
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SunLink Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SunLink Health fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 28.0M | 31.6M | 27.9M | 23.3M | 56.5M | 42.4M | |
Short Long Term Debt Total | 4.3M | 4.3M | 1.3M | 1.1M | 23.7M | 11.9M | |
Other Current Liab | 4.2M | 4.7M | 5.4M | 2.6M | 12.7M | 7.2M | |
Total Current Liabilities | 11.4M | 9.7M | 7.7M | 4.9M | 28.2M | 16.5M | |
Total Stockholder Equity | 13.7M | 20.8M | 19.1M | 17.4M | 9.6M | 9.1M | |
Property Plant And Equipment Net | 6.3M | 7.8M | 9.4M | 9.3M | 10.7M | 20.7M | |
Net Debt | (6.9M) | (5.6M) | (5.5M) | (3.4M) | (3.1M) | (2.9M) | |
Retained Earnings | (82K) | 6.8M | 4.8M | 3.0M | 3.5M | 3.4M | |
Cash | 11.2M | 10.0M | 6.8M | 4.5M | 3.3M | 4.1M | |
Non Current Assets Total | 8.0M | 9.6M | 11.1M | 11.0M | 12.6M | 12.0M | |
Non Currrent Assets Other | 500K | 591K | 523K | 489K | 440.1K | 418.1K | |
Cash And Short Term Investments | 11.2M | 10.0M | 6.8M | 4.5M | 5.2M | 4.1M | |
Net Receivables | 4.3M | 7.8M | 6.4M | 4.3M | 3.8M | 3.6M | |
Common Stock Shares Outstanding | 7.0M | 7.0M | 6.9M | 7.0M | 8.1M | 7.2M | |
Liabilities And Stockholders Equity | 28.0M | 31.6M | 27.9M | 23.3M | 20.9M | 19.9M | |
Non Current Liabilities Total | 2.8M | 1.1M | 1.1M | 983K | 884.7K | 840.5K | |
Inventory | 1.9M | 1.9M | 1.7M | 1.8M | 4.7M | 5.0M | |
Other Current Assets | 2.6M | 2.3M | 1.9M | 1.8M | 1.7M | 1.6M | |
Other Stockholder Equity | 10.7M | 10.7M | 10.7M | 10.7M | 12.4M | 10.4M | |
Total Liab | 14.2M | 10.8M | 8.8M | 5.9M | 46.9M | 26.6M | |
Total Current Assets | 19.9M | 21.9M | 16.8M | 12.3M | 24.9M | 22.4M | |
Short Term Debt | 1.8M | 3.4M | 392K | 409K | 6.3M | 3.7M | |
Accounts Payable | 872K | 1.1M | 1.3M | 1.8M | 9.2M | 9.6M | |
Intangible Assets | 1.3M | 1.2M | 1.2M | 1.2M | 1.5M | 1.4M | |
Property Plant And Equipment Gross | 6.3M | 7.8M | 25.1M | 25.2M | 30.2M | 26.1M | |
Accumulated Other Comprehensive Income | (339K) | (162K) | 106K | 150K | (6.0M) | (5.7M) | |
Other Liab | 248K | 162K | 261K | 309K | 1.3M | 2.0M | |
Other Assets | 500K | 591K | 523K | 489K | 241K | 229.0K | |
Long Term Debt | 1.9M | 52K | 14K | 17.3M | 15.6M | 10.0M | |
Common Stock Total Equity | 3.7M | 3.5M | 3.5M | 3.5M | 2.9M | 4.0M | |
Common Stock | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.9M | |
Property Plant Equipment | 6.3M | 7.8M | 9.4M | 9.3M | 30.2M | 20.4M | |
Net Tangible Assets | 12.5M | 19.6M | 17.9M | 16.2M | 14.6M | 17.8M | |
Capital Surpluse | 10.7M | 10.7M | 10.7M | 10.7M | 9.7M | 9.8M | |
Non Current Liabilities Other | 248K | 162K | 192K | 240K | 216K | 205.2K | |
Short Long Term Debt | 2.8M | 1.4M | 3.0M | 40K | 36K | 34.2K |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether SunLink Health Systems offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SunLink Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sunlink Health Systems Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sunlink Health Systems Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SunLink Health Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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Is SunLink Health'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 SunLink Health. If investors know SunLink 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 SunLink Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.60) | Revenue Per Share 6.091 | Quarterly Revenue Growth (0.35) | Return On Assets (0.15) | Return On Equity (0.28) |
The market value of SunLink Health Systems is measured differently than its book value, which is the value of SunLink that is recorded on the company's balance sheet. Investors also form their own opinion of SunLink Health's value that differs from its market value or its book value, called intrinsic value, which is SunLink Health'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 SunLink Health's market value can be influenced by many factors that don't directly affect SunLink Health'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 SunLink Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if SunLink Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SunLink Health'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.