Summit Materials Cash and Equivalents vs. Cash per Share

SUM Stock  USD 44.03  0.57  1.31%   
Based on Summit Materials' profitability indicators, Summit Materials is yielding more profit at this time then in previous quarter. It has a moderate probability of reporting better profitability numbers in April. Profitability indicators assess Summit Materials' ability to earn profits and add value for shareholders.

Summit Materials Cash And Equivalents

359.29 Million

As of the 28th of March 2024, Days Of Sales Outstanding is likely to grow to 45.94, while Price To Sales Ratio is likely to drop 0.82. At this time, Summit Materials' Net Income Applicable To Common Shares is very stable compared to the past year. As of the 28th of March 2024, Interest Income is likely to grow to about 80.7 M, while Net Interest Income is likely to drop (115.3 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.220.24
Significantly Down
Very volatile
For Summit Materials profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Summit Materials to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Summit Materials utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Summit Materials's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Summit Materials over time as well as its relative position and ranking within its peers.
  
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To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.
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
2.39
Revenue Per Share
22.004
Quarterly Revenue Growth
0.195
Return On Assets
0.0438
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.

Summit Materials Cash per Share vs. Cash and Equivalents Fundamental Analysis

Summit Cash per Share vs. Cash and Equivalents

Summit Materials

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Use Summit Materials in pair-trading

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 Summit Materials 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 Summit Materials will appreciate offsetting losses from the drop in the long position's value.

Summit Materials Pair Trading

Summit Materials Pair Trading Analysis

The ability to find closely correlated positions to Summit Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Summit Materials 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 Summit Materials - 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 Summit Materials to buy it.
The correlation of Summit Materials 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 Summit Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Summit Materials 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 Summit Materials 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 CorrelationCorrelation Matching

Use Investing Themes to Complement your Summit Materials position

In addition to having Summit Materials in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Tobacco Products Thematic Idea Now

Tobacco Products
Tobacco Products Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Tobacco Products theme has 10 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Tobacco Products Theme or any other thematic opportunities.
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When determining whether Summit Materials is a strong investment it is important to analyze Summit Materials' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Summit Materials' future performance. For an informed investment choice regarding Summit Stock, refer to the following important reports:
Check out World Market Map.
To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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When running Summit Materials' price analysis, check to measure Summit Materials' 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 Summit Materials is operating at the current time. Most of Summit Materials' value examination focuses on studying past and present price action to predict the probability of Summit Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Materials' price. Additionally, you may evaluate how the addition of Summit Materials to your portfolios can decrease your overall portfolio volatility.
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To fully project Summit Materials' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Summit Materials at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Summit Materials' income statement, its balance sheet, and the statement of cash flows.
Potential Summit Materials investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Summit Materials investors may work on each financial statement separately, they are all related. The changes in Summit Materials's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Summit Materials's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.