Summit Property Plant And Equipment Net vs Cash And Short Term Investments Analysis
SUM Stock | USD 38.64 0.25 0.64% |
Summit Materials financial indicator trend analysis is much more than just breaking down Summit Materials prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Summit Materials is a good investment. Please check the relationship between Summit Materials Property Plant And Equipment Net and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.
Property Plant And Equipment Net vs Cash And Short Term Investments
Property Plant And Equipment Net vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Materials Property Plant And Equipment Net account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Summit Materials' Property Plant And Equipment Net and Cash And Short Term Investments is 0.88. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Summit Materials, assuming nothing else is changed. The correlation between historical values of Summit Materials' Property Plant And Equipment Net and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Summit Materials are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Property Plant And Equipment Net i.e., Summit Materials' Property Plant And Equipment Net and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Summit Materials balance sheet. This account contains Summit Materials investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Summit Materials fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Summit Materials' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Summit Materials 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 Summit Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.At this time, Summit Materials' Selling General Administrative is very stable compared to the past year. As of the 1st of June 2024, Discontinued Operations is likely to grow to about 2.9 M, while Enterprise Value is likely to drop about 2.7 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 92.2M | 87.0M | 114.2M | 99.0M | Depreciation And Amortization | 247.2M | 209.2M | 217.6M | 177.8M |
Summit Materials fundamental ratios Correlations
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Summit Materials Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Summit Materials fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 114.6M | 116.6M | 120.7M | 120.6M | 119.8M | 91.5M | |
Total Assets | 4.1B | 4.3B | 4.2B | 4.3B | 5.1B | 3.6B | |
Short Long Term Debt Total | 1.9B | 1.9B | 1.6B | 1.5B | 2.3B | 1.7B | |
Other Current Liab | 152.7M | 170.8M | 160.6M | 133.7M | 186.9M | 141.8M | |
Total Current Liabilities | 299.3M | 322.7M | 309.1M | 255.8M | 323.0M | 274.9M | |
Total Stockholder Equity | 1.4B | 1.6B | 1.8B | 2.0B | 2.3B | 1.3B | |
Property Plant And Equipment Net | 1.8B | 1.9B | 1.9B | 1.9B | 2.0B | 1.7B | |
Current Deferred Revenue | 13.9M | 16.5M | 7.4M | 5.7M | 8.2M | 8.9M | |
Net Debt | 1.6B | 1.5B | 1.3B | 1.0B | 2.0B | 1.4B | |
Retained Earnings | 188.8M | 326.8M | 479.0M | 590.9M | 876.8M | 920.6M | |
Accounts Payable | 116.4M | 120.8M | 128.2M | 104.0M | 123.6M | 107.7M | |
Cash | 311.3M | 418.2M | 381.0M | 520.5M | 374.2M | 266.7M | |
Non Current Assets Total | 3.3B | 3.4B | 3.4B | 3.2B | 3.4B | 2.8B | |
Non Currrent Assets Other | 55.5M | 55M | 58.7M | 44.8M | 59.1M | 54.1M | |
Cash And Short Term Investments | 311.3M | 418.2M | 381.0M | 520.5M | 374.2M | 266.7M | |
Net Receivables | 266.3M | 263.4M | 294.8M | 263.2M | 287.3M | 230.1M | |
Good Will | 1.2B | 1.2B | 1.2B | 1.1B | 1.2B | 940.0M | |
Common Stock Total Equity | 1.1M | 1.1M | 1.2M | 1.2M | 1.1M | 1.0M | |
Liabilities And Stockholders Equity | 4.1B | 4.3B | 4.2B | 4.3B | 5.1B | 3.6B | |
Non Current Liabilities Total | 2.3B | 2.4B | 2.1B | 2.0B | 2.5B | 2.0B | |
Inventory | 204.8M | 200.3M | 180.8M | 212.5M | 241.4M | 185.8M | |
Other Current Assets | 13.8M | 11.4M | 13.1M | 20.8M | 829.4M | 870.8M | |
Other Stockholder Equity | 1.2B | 1.3B | 1.3B | 1.4B | 2.3B | 2.4B | |
Total Liab | 2.6B | 2.7B | 2.4B | 2.2B | 2.8B | 2.3B | |
Property Plant And Equipment Gross | 1.8B | 1.9B | 1.9B | 1.9B | 3.4B | 1.8B | |
Total Current Assets | 796.3M | 893.3M | 869.6M | 1.0B | 1.7B | 1.8B | |
Accumulated Other Comprehensive Income | 3.4M | 5.2M | 7.1M | 3.1M | 7.3M | 7.6M | |
Short Term Debt | 16.4M | 14.5M | 12.9M | 12.4M | 12.4M | 10.1M | |
Intangible Assets | 23.5M | 47.9M | 69.4M | 71.4M | 68.1M | 36.3M | |
Common Stock | 1.1M | 1.1M | 1.2M | 1.2M | 1.2M | 1.1M | |
Other Liab | 406.6M | 455.2M | 486.9M | 456.4M | 524.8M | 336.8M | |
Other Assets | 267.9M | 286.9M | 263.3M | 181.8M | 209.1M | 197.2M | |
Long Term Debt | 1.9B | 1.9B | 1.6B | 1.5B | 2.3B | 1.7B | |
Property Plant Equipment | 1.8B | 1.9B | 1.9B | 1.9B | 2.1B | 1.7B | |
Net Tangible Assets | 221.6M | 367.1M | 590.1M | 808.1M | 929.3M | 975.7M | |
Short Long Term Debt | 4.8M | 6.4M | 7.9M | 5.1M | 3.8M | 4.7M | |
Retained Earnings Total Equity | 188.8M | 326.8M | 479.0M | 590.9M | 679.5M | 713.5M | |
Long Term Debt Total | 1.9B | 1.9B | 1.6B | 1.5B | 1.7B | 1.8B | |
Capital Surpluse | 1.2B | 1.3B | 1.3B | 1.4B | 1.6B | 1.2B |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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Is Summit Materials' 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 Summit Materials. If investors know Summit 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 Summit Materials 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 (0.90) | Earnings Share 2.25 | Revenue Per Share 22.773 | Quarterly Revenue Growth 0.849 | Return On Assets 0.0366 |
The market value of Summit Materials is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Materials' value that differs from its market value or its book value, called intrinsic value, which is Summit Materials' 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 Summit Materials' market value can be influenced by many factors that don't directly affect Summit Materials' 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 Summit Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Materials' 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.