Summit Cash vs Current Deferred Revenue Analysis

SMMT Stock

USD 24.56 1.66 6.33%

Summit Therapeutics financial indicator trend analysis is much more than just breaking down Summit Therapeutics PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Summit Therapeutics PLC is a good investment. Please check the relationship between Summit Therapeutics Cash and its Current Deferred Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Therapeutics PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Cash vs Current Deferred Revenue

Cash vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Therapeutics PLC Cash account and Current Deferred Revenue. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Summit Therapeutics' Cash and Current Deferred Revenue is 0.19. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Summit Therapeutics PLC, assuming nothing else is changed. The correlation between historical values of Summit Therapeutics' Cash and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Summit Therapeutics PLC are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Cash i.e., Summit Therapeutics' Cash and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.19

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Cash

Cash refers to the most liquid asset of Summit Therapeutics PLC, which is listed under current asset account on Summit Therapeutics PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Summit Therapeutics customers. The amounts must be unrestricted with restricted cash listed in a different Summit Therapeutics account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Summit Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Summit Therapeutics PLC 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 Therapeutics PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

At this time, Summit Therapeutics' Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 35.83 in 2024, whereas Enterprise Value Over EBITDA is likely to drop (19.78) in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	281K	4.4M	16.5M	17.3M
Depreciation And Amortization	2.5M	2.5M	2.1M	1.5M

Interest Expense Depreciation And Amortization

Summit Therapeutics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Net Receivables	Short Term Investments
Total Assets		0.6	0.77	0.76	0.71	0.82	-0.48	-0.24	0.97	0.1	0.2	0.02	0.96	-0.31	0.39	0.97	-0.13	0.53	0.98	1.0	0.32	-0.19	0.97	0.25	0.1	0.21
Other Current Liab	0.6		0.81	0.64	0.38	0.27	-0.08	0.23	0.64	0.46	0.14	0.23	0.48	-0.21	-0.03	0.53	0.32	0.15	0.56	0.58	0.66	-0.22	0.52	-0.39	0.65	-0.2
Total Current Liabilities	0.77	0.81		0.77	0.59	0.35	-0.36	0.26	0.78	0.55	0.38	0.31	0.7	-0.48	0.21	0.67	0.23	0.41	0.71	0.74	0.76	-0.42	0.64	-0.05	0.62	0.03
Total Stockholder Equity	0.76	0.64	0.77		0.66	0.33	-0.44	-0.06	0.78	0.47	0.46	0.26	0.75	-0.44	0.33	0.61	0.09	0.51	0.64	0.74	0.5	-0.29	0.62	0.33	0.42	0.14
Property Plant And Equipment Net	0.71	0.38	0.59	0.66		0.53	-0.93	-0.18	0.57	0.22	0.3	0.13	0.87	-0.37	0.86	0.61	-0.21	0.96	0.63	0.7	0.37	-0.1	0.61	0.44	0.04	0.76
Net Debt	0.82	0.27	0.35	0.33	0.53		-0.4	-0.47	0.74	-0.36	-0.15	-0.24	0.79	0.02	0.38	0.9	-0.39	0.41	0.88	0.84	-0.06	0.12	0.91	0.22	-0.37	0.3
Retained Earnings	-0.48	-0.08	-0.36	-0.44	-0.93	-0.4		0.15	-0.29	-0.19	-0.34	-0.09	-0.7	0.28	-0.96	-0.38	0.28	-0.99	-0.4	-0.47	-0.27	-0.02	-0.38	-0.53	0.14	-0.92
Accounts Payable	-0.24	0.23	0.26	-0.06	-0.18	-0.47	0.15		-0.25	0.63	0.32	0.06	-0.28	-0.25	-0.16	-0.32	0.78	-0.13	-0.28	-0.28	0.73	-0.33	-0.35	-0.44	0.67	-0.18
Cash	0.97	0.64	0.78	0.78	0.57	0.74	-0.29	-0.25		0.1	0.19	0.06	0.88	-0.3	0.19	0.95	-0.1	0.35	0.96	0.97	0.29	-0.23	0.95	0.19	0.17	0.0
Non Current Assets Total	0.1	0.46	0.55	0.47	0.22	-0.36	-0.19	0.63	0.1		0.68	0.46	0.12	-0.4	0.09	-0.07	0.47	0.24	-0.02	0.04	0.8	-0.37	-0.09	-0.15	0.66	0.02
Non Currrent Assets Other	0.2	0.14	0.38	0.46	0.3	-0.15	-0.34	0.32	0.19	0.68		0.35	0.27	-0.04	0.26	0.07	0.1	0.36	0.1	0.16	0.45	0.05	0.06	0.32	0.25	0.11
Other Assets	0.02	0.23	0.31	0.26	0.13	-0.24	-0.09	0.06	0.06	0.46	0.35		0.02	-0.12	-0.11	-0.08	-0.33	0.12	-0.05	-0.01	0.16	-0.24	-0.07	0.2	0.45	-0.08
Cash And Short Term Investments	0.96	0.48	0.7	0.75	0.87	0.79	-0.7	-0.28	0.88	0.12	0.27	0.02		-0.36	0.62	0.91	-0.21	0.74	0.92	0.95	0.3	-0.16	0.91	0.4	0.0	0.47
Common Stock Total Equity	-0.31	-0.21	-0.48	-0.44	-0.37	0.02	0.28	-0.25	-0.3	-0.4	-0.04	-0.12	-0.36		-0.25	-0.21	-0.25	-0.33	-0.24	-0.29	-0.42	0.93	-0.18	-0.08	-0.34	-0.22
Common Stock Shares Outstanding	0.39	-0.03	0.21	0.33	0.86	0.38	-0.96	-0.16	0.19	0.09	0.26	-0.11	0.62	-0.25		0.31	-0.21	0.94	0.33	0.39	0.18	0.06	0.31	0.47	-0.26	0.94
Non Current Liabilities Total	0.97	0.53	0.67	0.61	0.61	0.9	-0.38	-0.32	0.95	-0.07	0.07	-0.08	0.91	-0.21	0.31		-0.2	0.42	1.0	0.98	0.2	-0.12	1.0	0.19	-0.04	0.15
Other Current Assets	-0.13	0.32	0.23	0.09	-0.21	-0.39	0.28	0.78	-0.1	0.47	0.1	-0.33	-0.21	-0.25	-0.21	-0.2		-0.25	-0.17	-0.16	0.64	-0.28	-0.23	-0.56	0.62	-0.3
Other Stockholder Equity	0.53	0.15	0.41	0.51	0.96	0.41	-0.99	-0.13	0.35	0.24	0.36	0.12	0.74	-0.33	0.94	0.42	-0.25		0.45	0.52	0.31	-0.04	0.42	0.52	-0.08	0.9
Total Liab	0.98	0.56	0.71	0.64	0.63	0.88	-0.4	-0.28	0.96	-0.02	0.1	-0.05	0.92	-0.24	0.33	1.0	-0.17	0.45		0.99	0.25	-0.15	0.99	0.18	0.01	0.16
Total Current Assets	1.0	0.58	0.74	0.74	0.7	0.84	-0.47	-0.28	0.97	0.04	0.16	-0.01	0.95	-0.29	0.39	0.98	-0.16	0.52	0.99		0.27	-0.17	0.98	0.26	0.06	0.21
Intangible Assets	0.32	0.66	0.76	0.5	0.37	-0.06	-0.27	0.73	0.29	0.8	0.45	0.16	0.3	-0.42	0.18	0.2	0.64	0.31	0.25	0.27		-0.35	0.17	-0.3	0.71	0.07
Common Stock	-0.19	-0.22	-0.42	-0.29	-0.1	0.12	-0.02	-0.33	-0.23	-0.37	0.05	-0.24	-0.16	0.93	0.06	-0.12	-0.28	-0.04	-0.15	-0.17	-0.35		-0.09	0.07	-0.45	0.07
Short Long Term Debt Total	0.97	0.52	0.64	0.62	0.61	0.91	-0.38	-0.35	0.95	-0.09	0.06	-0.07	0.91	-0.18	0.31	1.0	-0.23	0.42	0.99	0.98	0.17	-0.09		0.21	-0.06	0.16
Current Deferred Revenue	0.25	-0.39	-0.05	0.33	0.44	0.22	-0.53	-0.44	0.19	-0.15	0.32	0.2	0.4	-0.08	0.47	0.19	-0.56	0.52	0.18	0.26	-0.3	0.07	0.21		-0.31	0.46
Net Receivables	0.1	0.65	0.62	0.42	0.04	-0.37	0.14	0.67	0.17	0.66	0.25	0.45	0.0	-0.34	-0.26	-0.04	0.62	-0.08	0.01	0.06	0.71	-0.45	-0.06	-0.31		-0.35
Short Term Investments	0.21	-0.2	0.03	0.14	0.76	0.3	-0.92	-0.18	0.0	0.02	0.11	-0.08	0.47	-0.22	0.94	0.15	-0.3	0.9	0.16	0.21	0.07	0.07	0.16	0.46	-0.35

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Summit Therapeutics Account Relationship Matchups

Summit Therapeutics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	96.9M	102.5M	113.4M	664.2M	202.9M	213.1M
Other Current Liab	6.2M	5.0M	12.2M	17.0M	717K	681.2K
Total Current Liabilities	12.7M	19.9M	25.6M	38.8M	20.4M	11.0M
Total Stockholder Equity	78.5M	79.5M	83.3M	126.7M	77.7M	39.6M
Property Plant And Equipment Net	1.5M	1.3M	3.5M	5.1M	6.1M	6.4M
Net Debt	(63.2M)	(66.0M)	(69.0M)	170.2M	34.7M	36.4M
Retained Earnings	(125.3M)	(214.7M)	(299.5M)	(378.3M)	(993.3M)	(943.6M)
Accounts Payable	4.5M	6.1M	4.4M	355K	2.7M	4.2M
Cash	64.1M	66.4M	71.8M	348.6M	71.4M	47.0M
Non Current Assets Total	17.1M	36.1M	16.1M	7.5M	13.2M	12.3M
Non Currrent Assets Other	4.2M	21.3M	170K	577K	5.3M	5.5M
Other Assets	1.0	(16.4M)	25.5M	577K	663.6K	710.0K
Cash And Short Term Investments	64.1M	66.4M	71.8M	348.6M	186.2M	195.6M
Common Stock Shares Outstanding	164.1M	69.5M	92.2M	193.3M	619.6M	650.6M
Liabilities And Stockholders Equity	96.9M	102.5M	113.4M	664.2M	202.9M	213.1M
Non Current Liabilities Total	5.7M	3.2M	4.5M	498.7M	104.9M	110.1M
Other Current Assets	8.8M	1.5M	1.2M	486K	181K	172.0K
Other Stockholder Equity	171.0M	293.4M	384.0M	504.8M	1.1B	1.1B
Total Liab	18.4M	23.0M	30.1M	537.5M	125.3M	131.5M
Total Current Assets	79.7M	66.4M	97.3M	656.7M	189.7M	199.2M
Accumulated Other Comprehensive Income	28.3M	(3.8M)	(2.2M)	(1.9M)	(2.4M)	(2.3M)
Intangible Assets	13.9M	9.9M	11.5M	10.4M	12.0M	7.4M
Common Stock	4.4M	826K	980K	2.1M	7.0M	4.7M
Short Long Term Debt Total	898.2K	465K	2.8M	518.8M	106.1M	111.4M
Current Deferred Revenue	4.4M	1.5M	8.4M	7.9M	14.2M	14.9M
Net Receivables	6.8M	10.2M	17.2M	6.1M	848K	805.6K
Inventory	2.0	(11.7M)	7.2M	301.5M	2.4M	2.3M
Property Plant And Equipment Gross	1.2M	1.3M	6.9M	6.4M	7.1M	7.5M
Short Term Debt	474.3K	390K	1.1M	21.5M	2.8M	4.0M
Good Will	2.4M	2.0M	2.0M	1.8M	1.9M	3.6M
Property Plant Equipment	1.2M	1.3M	3.5M	5.1M	5.8M	6.1M
Other Liab	4.0M	3.1M	2.8M	1.4M	1.3M	1.2M
Net Tangible Assets	47.5M	23.4M	70.9M	124.9M	143.6M	150.8M

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