Summit Inventory from 2010 to 2024

SUM Stock  USD 39.56  0.77  1.99%   
Summit Materials Inventory yearly trend continues to be very stable with very little volatility. Inventory is likely to drop to about 185.8 M. During the period from 2010 to 2024, Summit Materials Inventory quarterly data regression pattern had sample variance of 2740.1 T and median of  180,760,000. View All Fundamentals
 
Inventory  
First Reported
2013-12-31
Previous Quarter
243.1 M
Current Value
241.3 M
Quarterly Volatility
40 M
 
Yuan Drop
 
Covid
Check Summit Materials financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Summit main balance sheet or income statement drivers, such as Depreciation And Amortization of 177.8 M, Interest Expense of 99 M or Selling General Administrative of 224.9 M, as well as many exotic indicators such as Price To Sales Ratio of 0.82, Dividend Yield of 2.0E-4 or PTB Ratio of 1.42. Summit financial statements analysis is a perfect complement when working with Summit Materials Valuation or Volatility modules.
  
This module can also supplement Summit Materials' financial leverage analysis and stock options assessment as well as various Summit Materials Technical models . Check out the analysis of Summit Materials Correlation against competitors.
To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.

Latest Summit Materials' Inventory Growth Pattern

Below is the plot of the Inventory of Summit Materials over the last few years. It is Summit Materials' Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Summit Materials' overall financial position and show how it may be relating to other accounts over time.
Inventory10 Years Trend
Slightly volatile
   Inventory   
       Timeline  

Summit Inventory Regression Statistics

Arithmetic Mean159,896,311
Geometric Mean151,213,949
Coefficient Of Variation32.74
Mean Deviation45,946,290
Median180,760,000
Standard Deviation52,345,805
Sample Variance2740.1T
Range148.4M
R-Value0.90
Mean Square Error565.6T
R-Squared0.81
Slope10,523,570
Total Sum of Squares38361.2T

Summit Inventory History

2024185.8 M
2023241.3 M
2022212.5 M
2021180.8 M
2020200.3 M
2019204.8 M
2018213.9 M

Other Fundumenentals of Summit Materials

About Summit Materials Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Summit Materials income statement, its balance sheet, and the statement of cash flows. Summit Materials investors use historical funamental indicators, such as Summit Materials's Inventory, to determine how well the company is positioned to perform in the future. Although Summit Materials investors may use 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. We offer a historical overview of the basic patterns found on Summit Materials Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Summit Materials. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Inventory241.3 M185.8 M
Change To Inventory-26.4 M-25 M
Inventory Turnover 7.47  6.18 
Days Of Inventory On Hand 50.59  52.43 
Average Inventory 0.00  0.00 
Days Of Inventory Outstanding 50.59  52.43 

Currently Active Assets on Macroaxis

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 the analysis of Summit Materials Correlation against competitors.
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..

Complementary Tools for Summit Stock analysis

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.
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Bonds Directory
Find actively traded corporate debentures issued by US companies
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.