Sanmina Cash And Short Term Investments vs Other Current Assets Analysis
SANM Stock | USD 64.92 0.01 0.02% |
Sanmina financial indicator trend analysis is much more than just breaking down Sanmina prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sanmina is a good investment. Please check the relationship between Sanmina Cash And Short Term Investments and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sanmina. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Sanmina Stock, please use our How to Invest in Sanmina guide.
Cash And Short Term Investments vs Other Current Assets
Cash And Short Term Investments vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sanmina Cash And Short Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Sanmina's Cash And Short Term Investments and Other Current Assets is 0.35. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Sanmina, assuming nothing else is changed. The correlation between historical values of Sanmina's Cash And Short Term Investments and Other Current Assets 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 And Short Term Investments of Sanmina are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash And Short Term Investments i.e., Sanmina's Cash And Short Term Investments and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.35 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Sanmina balance sheet. This account contains Sanmina investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Sanmina 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.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Sanmina's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sanmina 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 Sanmina. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Sanmina Stock, please use our How to Invest in Sanmina guide.At this time, Sanmina's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 13th of May 2024, Enterprise Value Multiple is likely to grow to 10.99, while Selling General Administrative is likely to drop about 243.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 640.5M | 743.2M | 854.7M | 445.6M | Total Revenue | 7.9B | 8.9B | 10.3B | 6.2B |
Sanmina fundamental ratios Correlations
Click cells to compare fundamentals
Sanmina Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sanmina fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.8B | 4.2B | 4.9B | 4.9B | 5.6B | 3.6B | |
Short Long Term Debt Total | 348.0M | 330.3M | 346.7M | 338.3M | 389.0M | 369.6M | |
Other Current Liab | 293.8M | 279.5M | 208.0M | 394.6M | 453.7M | 237.2M | |
Total Current Liabilities | 1.5B | 1.8B | 2.5B | 2.0B | 2.3B | 1.3B | |
Total Stockholder Equity | 1.6B | 1.9B | 1.9B | 2.3B | 2.7B | 1.4B | |
Property Plant And Equipment Net | 559.2M | 533.0M | 575.2M | 632.8M | 727.8M | 527.1M | |
Net Debt | (132.5M) | (319.7M) | (183.1M) | (329.3M) | (296.4M) | (281.5M) | |
Retained Earnings | (3.7B) | (3.5B) | (3.2B) | (2.9B) | (2.6B) | (2.8B) | |
Accounts Payable | 1.2B | 1.5B | 2.0B | 1.6B | 1.9B | 978.0M | |
Cash | 480.5M | 650.0M | 529.9M | 667.6M | 767.7M | 546.3M | |
Non Current Assets Total | 953.2M | 925.1M | 934.0M | 994.4M | 1.1B | 1.1B | |
Non Currrent Assets Other | 120.5M | 157.0M | 160.2M | 184.0M | 211.6M | 222.1M | |
Cash And Short Term Investments | 480.5M | 650.0M | 529.9M | 667.6M | 767.7M | 608.2M | |
Net Receivables | 1.4B | 1.5B | 1.6B | 1.7B | 1.9B | 969.0M | |
Common Stock Shares Outstanding | 70.8M | 67.1M | 63.1M | 59.8M | 68.8M | 69.8M | |
Liabilities And Stockholders Equity | 3.8B | 4.2B | 4.9B | 4.9B | 5.6B | 3.6B | |
Non Current Liabilities Total | 620.2M | 565.1M | 544.6M | 522.0M | 600.3M | 887.2M | |
Inventory | 861.3M | 1.0B | 1.7B | 1.5B | 1.7B | 1.8B | |
Other Current Assets | 37.7M | 54.0M | 62.0M | 58.2M | 67.0M | 95.5M | |
Other Stockholder Equity | 5.3B | 5.3B | 5.0B | 5.2B | 6.0B | 4.2B | |
Total Liab | 2.1B | 2.3B | 3.0B | 2.6B | 2.9B | 2.2B | |
Property Plant And Equipment Gross | 559.2M | 2.2B | 2.3B | 2.5B | 2.9B | 3.0B | |
Total Current Assets | 2.8B | 3.3B | 3.9B | 3.9B | 4.5B | 2.5B | |
Accumulated Other Comprehensive Income | 34.9M | 40.7M | 56.3M | 70.9M | 81.5M | 85.6M | |
Common Stock Total Equity | 697K | 650K | 643K | 574K | 516.6K | 490.8K | |
Common Stock | 650K | 643K | 574K | 568K | 511.2K | 485.6K | |
Other Liab | 232.9M | 233.9M | 253.5M | 215.3M | 247.6M | 152.5M | |
Other Assets | 353.9M | 341.4M | 392.1M | 358.8M | 412.6M | 294.5M | |
Long Term Debt | 329.2M | 311.6M | 329.2M | 312.3M | 281.1M | 267.0M | |
Property Plant Equipment | 630.6M | 611.8M | 533.0M | 575.2M | 517.7M | 513.6M | |
Treasury Stock | (804.1M) | (983.1M) | (1.0B) | (1.4B) | (1.2B) | (1.2B) | |
Net Tangible Assets | 1.6B | 1.6B | 1.9B | 1.9B | 2.1B | 1.6B | |
Long Term Debt Total | 347.0M | 329.2M | 311.6M | 329.2M | 296.3M | 370.0M | |
Capital Surpluse | 6.3B | 6.3B | 6.3B | 6.4B | 7.3B | 6.8B |
Sanmina Investors Sentiment
The influence of Sanmina's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Sanmina. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Sanmina's public news can be used to forecast risks associated with an investment in Sanmina. The trend in average sentiment can be used to explain how an investor holding Sanmina can time the market purely based on public headlines and social activities around Sanmina. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Sanmina's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Sanmina's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Sanmina's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Sanmina.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sanmina in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sanmina's short interest history, or implied volatility extrapolated from Sanmina options trading.
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sanmina. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Sanmina Stock, please use our How to Invest in Sanmina guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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When running Sanmina's price analysis, check to measure Sanmina's 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 Sanmina is operating at the current time. Most of Sanmina's value examination focuses on studying past and present price action to predict the probability of Sanmina's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sanmina's price. Additionally, you may evaluate how the addition of Sanmina to your portfolios can decrease your overall portfolio volatility.
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Is Sanmina's 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 Sanmina. If investors know Sanmina 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 Sanmina 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 (0.30) | Earnings Share 4.22 | Revenue Per Share 140.097 | Quarterly Revenue Growth (0.21) | Return On Assets 0.0489 |
The market value of Sanmina is measured differently than its book value, which is the value of Sanmina that is recorded on the company's balance sheet. Investors also form their own opinion of Sanmina's value that differs from its market value or its book value, called intrinsic value, which is Sanmina's 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 Sanmina's market value can be influenced by many factors that don't directly affect Sanmina's 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 Sanmina's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sanmina is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sanmina's 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.