Cummins Stock Total Asset

CMI Stock

USD 287.56 3.86 1.32%

Cummins fundamentals help investors to digest information that contributes to Cummins' financial success or failures. It also enables traders to predict the movement of Cummins Stock. The fundamental analysis module provides a way to measure Cummins' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Cummins stock.

	Last Reported	Projected for Next Year
Total Assets	32 B	33.6 B
Intangibles To Total Assets	0.16	0.16

The Cummins' current Total Assets is estimated to increase to about 33.6 B. The Cummins' current Intangibles To Total Assets is estimated to increase to 0.16.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Cummins Company Total Asset Analysis

Cummins' Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.

Total Asset

Tangible Assets

+

Intangible Assets

More About Total Asset | All Equity Analysis

Current Cummins Total Asset

32.01 B

Most of Cummins' fundamental indicators, such as Total Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Cummins is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Cummins Total Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Cummins is extremely important. It helps to project a fair market value of Cummins Stock properly, considering its historical fundamentals such as Total Asset. Since Cummins' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Cummins' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Cummins' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Intangible Assets	Current Deferred Revenue	Good Will	Long Term Debt	Treasury Stock	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Long Term Investments	Short Long Term Debt	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.86	0.86	0.96	0.99	0.99	0.99	0.83	0.99	0.12	0.92	0.89	0.93	0.91	-0.9	0.97	0.84	0.13	0.93	0.89	0.73	0.77	0.66	0.84	-0.02	-0.64
Total Stockholder Equity	0.86		0.51	0.88	0.87	0.76	0.9	0.52	0.8	0.54	0.62	0.55	0.61	0.64	-0.73	0.81	0.61	0.55	0.67	0.75	0.48	0.52	0.47	0.54	0.08	-0.35
Net Debt	0.86	0.51		0.78	0.83	0.92	0.79	0.96	0.89	-0.27	0.97	0.94	0.96	0.89	-0.79	0.88	0.76	-0.32	0.89	0.77	0.87	0.67	0.53	0.91	-0.24	-0.69
Retained Earnings	0.96	0.88	0.78		0.95	0.93	0.95	0.74	0.95	0.28	0.82	0.83	0.85	0.85	-0.96	0.94	0.83	0.2	0.87	0.91	0.69	0.77	0.68	0.77	0.14	-0.47
Net Receivables	0.99	0.87	0.83	0.95		0.97	0.98	0.8	0.98	0.17	0.9	0.84	0.9	0.84	-0.87	0.96	0.8	0.15	0.87	0.86	0.71	0.73	0.58	0.78	-0.08	-0.63
Total Liab	0.99	0.76	0.92	0.93	0.97		0.96	0.87	0.99	-0.03	0.96	0.94	0.97	0.94	-0.89	0.97	0.87	0.0	0.96	0.88	0.77	0.81	0.67	0.89	-0.05	-0.7
Total Current Assets	0.99	0.9	0.79	0.95	0.98	0.96		0.77	0.96	0.2	0.86	0.83	0.87	0.88	-0.87	0.94	0.83	0.23	0.91	0.88	0.68	0.75	0.67	0.81	0.04	-0.59
Short Term Debt	0.83	0.52	0.96	0.74	0.8	0.87	0.77		0.87	-0.14	0.95	0.84	0.92	0.82	-0.76	0.81	0.68	-0.34	0.82	0.78	0.95	0.53	0.47	0.92	-0.26	-0.55
Accounts Payable	0.99	0.8	0.89	0.95	0.98	0.99	0.96	0.87		0.08	0.94	0.9	0.95	0.89	-0.9	0.96	0.83	0.01	0.91	0.89	0.78	0.76	0.63	0.85	-0.05	-0.62
Common Stock	0.12	0.54	-0.27	0.28	0.17	-0.03	0.2	-0.14	0.08		-0.17	-0.29	-0.19	-0.16	-0.21	0.01	0.0	0.58	-0.15	0.18	-0.03	-0.16	0.03	-0.16	0.41	0.56
Intangible Assets	0.92	0.62	0.97	0.82	0.9	0.96	0.86	0.95	0.94	-0.17		0.92	0.99	0.9	-0.8	0.91	0.77	-0.22	0.91	0.81	0.86	0.69	0.55	0.91	-0.24	-0.71
Current Deferred Revenue	0.89	0.55	0.94	0.83	0.84	0.94	0.83	0.84	0.9	-0.29	0.92		0.95	0.96	-0.84	0.91	0.84	-0.15	0.96	0.79	0.72	0.83	0.69	0.89	-0.04	-0.75
Good Will	0.93	0.61	0.96	0.85	0.9	0.97	0.87	0.92	0.95	-0.19	0.99	0.95		0.92	-0.85	0.92	0.82	-0.21	0.93	0.84	0.81	0.8	0.63	0.9	-0.14	-0.72
Long Term Debt	0.91	0.64	0.89	0.85	0.84	0.94	0.88	0.82	0.89	-0.16	0.9	0.96	0.92		-0.85	0.9	0.85	-0.04	1.0	0.84	0.72	0.81	0.79	0.93	0.1	-0.66
Treasury Stock	-0.9	-0.73	-0.79	-0.96	-0.87	-0.89	-0.87	-0.76	-0.9	-0.21	-0.8	-0.84	-0.85	-0.85		-0.86	-0.85	0.0	-0.84	-0.93	-0.74	-0.8	-0.74	-0.8	-0.25	0.36
Property Plant Equipment	0.97	0.81	0.88	0.94	0.96	0.97	0.94	0.81	0.96	0.01	0.91	0.91	0.92	0.9	-0.86		0.77	0.13	0.92	0.83	0.7	0.76	0.57	0.79	-0.13	-0.71
Short Term Investments	0.84	0.61	0.76	0.83	0.8	0.87	0.83	0.68	0.83	0.0	0.77	0.84	0.82	0.85	-0.85	0.77		-0.05	0.86	0.81	0.6	0.87	0.79	0.82	0.25	-0.54
Net Tangible Assets	0.13	0.55	-0.32	0.2	0.15	0.0	0.23	-0.34	0.01	0.58	-0.22	-0.15	-0.21	-0.04	0.0	0.13	-0.05		0.0	-0.04	-0.41	-0.02	-0.02	-0.26	0.25	0.07
Long Term Debt Total	0.93	0.67	0.89	0.87	0.87	0.96	0.91	0.82	0.91	-0.15	0.91	0.96	0.93	1.0	-0.84	0.92	0.86	0.0		0.84	0.71	0.82	0.77	0.91	0.06	-0.7
Long Term Investments	0.89	0.75	0.77	0.91	0.86	0.88	0.88	0.78	0.89	0.18	0.81	0.79	0.84	0.84	-0.93	0.83	0.81	-0.04	0.84		0.81	0.75	0.75	0.87	0.15	-0.38
Short Long Term Debt	0.73	0.48	0.87	0.69	0.71	0.77	0.68	0.95	0.78	-0.03	0.86	0.72	0.81	0.72	-0.74	0.7	0.6	-0.41	0.71	0.81		0.43	0.45	0.89	-0.21	-0.35
Capital Surpluse	0.77	0.52	0.67	0.77	0.73	0.81	0.75	0.53	0.76	-0.16	0.69	0.83	0.8	0.81	-0.8	0.76	0.87	-0.02	0.82	0.75	0.43		0.78	0.68	0.25	-0.63
Cash And Equivalents	0.66	0.47	0.53	0.68	0.58	0.67	0.67	0.47	0.63	0.03	0.55	0.69	0.63	0.79	-0.74	0.57	0.79	-0.02	0.77	0.75	0.45	0.78		0.72	0.6	-0.29
Net Invested Capital	0.84	0.54	0.91	0.77	0.78	0.89	0.81	0.92	0.85	-0.16	0.91	0.89	0.9	0.93	-0.8	0.79	0.82	-0.26	0.91	0.87	0.89	0.68	0.72		-0.01	-0.55
Net Working Capital	-0.02	0.08	-0.24	0.14	-0.08	-0.05	0.04	-0.26	-0.05	0.41	-0.24	-0.04	-0.14	0.1	-0.25	-0.13	0.25	0.25	0.06	0.15	-0.21	0.25	0.6	-0.01		0.46
Capital Stock	-0.64	-0.35	-0.69	-0.47	-0.63	-0.7	-0.59	-0.55	-0.62	0.56	-0.71	-0.75	-0.72	-0.66	0.36	-0.71	-0.54	0.07	-0.7	-0.38	-0.35	-0.63	-0.29	-0.55	0.46

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Cummins Total Asset Historical Pattern

Today, most investors in Cummins Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Cummins' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's total asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Cummins total asset as a starting point in their analysis.

Cummins Total Asset

Timeline

Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.

Competition

Predict Cummins

Total Assets Over Time

Cummins Total Assets

Total Assets

33.61 Billion

As of now, Cummins' Total Assets are increasing as compared to previous years.

Based on the latest financial disclosure, Cummins has a Total Asset of 32.01 B. This is much higher than that of the Machinery sector and significantly higher than that of the Industrials industry. The total asset for all United States stocks is 8.62% lower than that of the firm.

Cummins Total Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cummins' direct or indirect competition against its Total Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Cummins could also be used in its relative valuation, which is a method of valuing Cummins by comparing valuation metrics of similar companies.

Cummins is currently under evaluation in total asset category among related companies.

Cummins ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Cummins' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Cummins' managers, analysts, and investors.

Environment Score

Governance Score

Social Score

Cummins Institutional Holders

Institutional Holdings refers to the ownership stake in Cummins that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Cummins' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Cummins' value.

		Shares
Ameriprise Financial Inc	2023-12-31	1.7 M
Dimensional Fund Advisors, Inc.	2023-12-12	1.7 M
Legal & General Group Plc	2023-12-31	1.6 M
Stifel Financial Corp	2023-12-31	1.6 M
Ontario Teachers Pension Plan Board	2023-12-31	1.4 M
Lsv Asset Management	2023-12-31	1.4 M
Hotchkis & Wiley Capital Management Llc	2023-12-31	1.4 M
Ubs Asset Mgmt Americas Inc	2023-12-31	1.3 M
Norges Bank	2023-12-31	1.2 M
Vanguard Group Inc	2023-12-31	17.8 M
Blackrock Inc	2023-12-31	11.5 M

Cummins Fundamentals

	Return On Equity	0.0835
	Return On Asset	0.0692
	Profit Margin	0.02 %
	Operating Margin	0.09 %
	Current Valuation	47.43 B
	Shares Outstanding	136.76 M
	Shares Owned By Insiders	0.40 %
	Shares Owned By Institutions	89.10 %
	Number Of Shares Shorted	2.75 M
	Price To Earning	18.70 X
	Price To Book	4.61 X
	Price To Sales	1.20 X
	Revenue	34.06 B
	Gross Profit	6.74 B
	EBITDA	1.76 B
	Net Income	840 M
	Cash And Equivalents	2.1 B
	Cash Per Share	21.02 X
	Total Debt	7.21 B
	Debt To Equity	0.91 %
	Current Ratio	1.37 X
	Book Value Per Share	62.41 X
	Cash Flow From Operations	3.97 B
	Short Ratio	0.41 X
	Earnings Per Share	5.16 X
	Price To Earnings To Growth	0.75 X
	Target Price	293.87
	Number Of Employees	75.5 K
	Beta	1.04
	Market Capitalization	40.29 B
	Total Asset	32.01 B
	Retained Earnings	17.85 B
	Working Capital	2.29 B
	Current Asset	7.95 B
	Current Liabilities	3.8 B
	Annual Yield	0.02 %
	Five Year Return	2.72 %
	Net Asset	32.01 B
	Last Dividend Paid	6.5

About Cummins Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Cummins's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cummins using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cummins based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Cummins

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cummins position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cummins will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cummins Stock

0.7	B	Barnes Group Earnings Call This Week	Pair Corr
0.87	CR	Crane Company Financial Report 8th of May 2024	Pair Corr
0.74	HI	Hillenbrand Financial Report 13th of May 2024	Pair Corr
0.93	IR	Ingersoll Rand Financial Report 1st of May 2024	Pair Corr

Moving against Cummins Stock

0.93	ATS	ATS Corporation	Pair Corr
0.62	RR	Richtech Robotics Class	Pair Corr
0.49	CYD	China Yuchai Interna	Pair Corr
0.46	BW	Babcock Wilcox Enter Financial Report 8th of May 2024	Pair Corr

The ability to find closely correlated positions to Cummins could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cummins when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cummins - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cummins to buy it.

The correlation of Cummins is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cummins moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cummins moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Cummins can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Cummins offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cummins' 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 Cummins Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cummins Stock:

How To Invest In Cummins

Details

Is Cummins Stock a good investment?

Details

What is Cummins' Net Worth?

Details

Largest Construction Machinery & Heavy Transportation Equipment Companies

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Check out Cummins Piotroski F Score and Cummins Altman Z Score analysis.

For more detail on how to invest in Cummins Stock please use our How to Invest in Cummins guide.

You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Cummins Stock analysis

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

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Is Cummins' 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 Cummins. If investors know Cummins 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 Cummins 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

0.628

Dividend Share

6.5

Earnings Share

5.16

Revenue Per Share

240.402

Quarterly Revenue Growth

0.099

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Cummins Stock Total Asset

Cummins Company Total Asset Analysis

Total Asset

Tangible Assets

+

Intangible Assets

Current Cummins Total Asset

Cummins Total Asset Driver Correlations

Cummins Total Asset Historical Pattern

Cummins Total Assets

Total Assets

33.61 Billion

Cummins Total Asset Peer Comparison

Cummins ESG Sustainability

Cummins Institutional Holders

Cummins Fundamentals

About Cummins Fundamental Analysis

Pair Trading with Cummins

Moving together with Cummins Stock

Moving against Cummins Stock

Complementary Tools for Cummins Stock analysis

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