Superior Intangible Assets vs Property Plant Equipment Analysis

SDPI Stock

USD 1.23 0.01 0.81%

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

Intangible Assets vs Property Plant Equipment

Intangible Assets vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Superior Drilling Intangible Assets account and Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Superior Drilling's Intangible Assets and Property Plant Equipment is 0.93. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Superior Drilling Products, assuming nothing else is changed. The correlation between historical values of Superior Drilling's Intangible Assets and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Superior Drilling Products are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Intangible Assets i.e., Superior Drilling's Intangible Assets and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Property Plant Equipment

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

As of now, Superior Drilling's Enterprise Value is decreasing as compared to previous years.

	2021	2022	2023	2024 (projected)
Interest Expense	539.4K	572.6K	689.4K	821.1K
Depreciation And Amortization	2.1M	1.7M	1.6M	2.2M

Interest Expense Depreciation And Amortization

Superior Drilling fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Property Plant Equipment
Total Assets		0.55	0.05	0.74	0.85	0.4	0.04	0.37	0.23	0.62	0.97	0.61	0.19	0.3	0.62	0.33	-0.15	0.28	0.16	-0.06	0.23	0.66	0.21	0.55	0.69	0.37
Short Long Term Debt Total	0.55		0.46	0.3	0.04	0.86	-0.53	0.96	-0.51	-0.19	0.71	0.19	0.12	0.91	-0.19	-0.17	-0.89	0.86	-0.53	-0.33	-0.64	0.97	0.27	-0.31	0.46	0.91
Other Current Liab	0.05	0.46		0.37	-0.23	0.51	-0.96	0.49	-0.3	-0.31	0.12	-0.07	-0.11	0.29	-0.31	0.19	-0.56	0.24	-0.37	-0.04	-0.55	0.43	0.24	-0.24	0.48	0.52
Total Current Liabilities	0.74	0.3	0.37		0.71	0.13	-0.23	0.14	0.27	0.64	0.65	0.7	-0.02	-0.06	0.64	0.73	-0.03	-0.17	0.07	-0.09	0.26	0.38	-0.01	0.64	0.95	0.16
Total Stockholder Equity	0.85	0.04	-0.23	0.71		-0.1	0.38	-0.17	0.63	0.87	0.71	0.64	0.14	-0.23	0.87	0.54	0.38	-0.23	0.56	0.21	0.68	0.17	0.13	0.87	0.53	-0.15
Property Plant And Equipment Net	0.4	0.86	0.51	0.13	-0.1		-0.55	0.88	-0.54	-0.32	0.56	-0.02	-0.17	0.82	-0.32	-0.15	-0.85	0.85	-0.44	-0.15	-0.76	0.87	0.48	-0.39	0.27	0.97
Current Deferred Revenue	0.04	-0.53	-0.96	-0.23	0.38	-0.55		-0.61	0.44	0.47	-0.08	0.11	0.04	-0.44	0.47	0.0	0.66	-0.36	0.55	0.17	0.66	-0.46	-0.14	0.43	-0.4	-0.57
Net Debt	0.37	0.96	0.49	0.14	-0.17	0.88	-0.61		-0.61	-0.4	0.56	0.03	0.11	0.96	-0.4	-0.29	-0.93	0.9	-0.66	-0.42	-0.75	0.92	0.18	-0.49	0.35	0.93
Accounts Payable	0.23	-0.51	-0.3	0.27	0.63	-0.54	0.44	-0.61		0.58	0.03	0.15	0.2	-0.68	0.58	0.54	0.78	-0.64	0.78	0.48	0.8	-0.45	0.05	0.81	0.04	-0.66
Cash	0.62	-0.19	-0.31	0.64	0.87	-0.32	0.47	-0.4	0.58		0.44	0.71	0.04	-0.44	1.0	0.55	0.49	-0.45	0.49	0.08	0.71	-0.08	-0.07	0.91	0.46	-0.35
Non Current Assets Total	0.97	0.71	0.12	0.65	0.71	0.56	-0.08	0.56	0.03	0.44		0.54	0.18	0.5	0.44	0.17	-0.36	0.48	0.01	-0.11	0.03	0.81	0.27	0.34	0.65	0.54
Non Currrent Assets Other	0.61	0.19	-0.07	0.7	0.64	-0.02	0.11	0.03	0.15	0.71	0.54		-0.15	-0.02	0.71	0.41	0.07	-0.17	0.0	-0.2	0.31	0.22	-0.17	0.51	0.69	0.02
Other Assets	0.19	0.12	-0.11	-0.02	0.14	-0.17	0.04	0.11	0.2	0.04	0.18	-0.15		0.17	0.04	-0.35	-0.02	0.17	0.0	-0.21	0.18	0.15	-0.2	0.1	0.0	-0.15
Long Term Debt	0.3	0.91	0.29	-0.06	-0.23	0.82	-0.44	0.96	-0.68	-0.44	0.5	-0.02	0.17		-0.44	-0.5	-0.9	0.96	-0.68	-0.43	-0.74	0.87	0.15	-0.59	0.16	0.87
Cash And Short Term Investments	0.62	-0.19	-0.31	0.64	0.87	-0.32	0.47	-0.4	0.58	1.0	0.44	0.71	0.04	-0.44		0.55	0.49	-0.45	0.49	0.08	0.71	-0.08	-0.07	0.91	0.46	-0.35
Net Receivables	0.33	-0.17	0.19	0.73	0.54	-0.15	0.0	-0.29	0.54	0.55	0.17	0.41	-0.35	-0.5	0.55		0.36	-0.56	0.38	0.25	0.4	-0.14	0.03	0.73	0.57	-0.17
Common Stock Shares Outstanding	-0.15	-0.89	-0.56	-0.03	0.38	-0.85	0.66	-0.93	0.78	0.49	-0.36	0.07	-0.02	-0.9	0.49	0.36		-0.87	0.74	0.39	0.9	-0.83	-0.23	0.63	-0.24	-0.91
Non Current Liabilities Total	0.28	0.86	0.24	-0.17	-0.23	0.85	-0.36	0.9	-0.64	-0.45	0.48	-0.17	0.17	0.96	-0.45	-0.56	-0.87		-0.51	-0.29	-0.74	0.85	0.33	-0.58	0.0	0.87
Inventory	0.16	-0.53	-0.37	0.07	0.56	-0.44	0.55	-0.66	0.78	0.49	0.01	0.0	0.0	-0.68	0.49	0.38	0.74	-0.51		0.76	0.71	-0.44	0.41	0.67	-0.23	-0.56
Other Current Assets	-0.06	-0.33	-0.04	-0.09	0.21	-0.15	0.17	-0.42	0.48	0.08	-0.11	-0.2	-0.21	-0.43	0.08	0.25	0.39	-0.29	0.76		0.25	-0.32	0.76	0.27	-0.32	-0.3
Other Stockholder Equity	0.23	-0.64	-0.55	0.26	0.68	-0.76	0.66	-0.75	0.8	0.71	0.03	0.31	0.18	-0.74	0.71	0.4	0.9	-0.74	0.71	0.25		-0.55	-0.27	0.79	0.05	-0.79
Total Liab	0.66	0.97	0.43	0.38	0.17	0.87	-0.46	0.92	-0.45	-0.08	0.81	0.22	0.15	0.87	-0.08	-0.14	-0.83	0.85	-0.44	-0.32	-0.55		0.3	-0.2	0.51	0.9
Property Plant And Equipment Gross	0.21	0.27	0.24	-0.01	0.13	0.48	-0.14	0.18	0.05	-0.07	0.27	-0.17	-0.2	0.15	-0.07	0.03	-0.23	0.33	0.41	0.76	-0.27	0.3		-0.01	-0.14	0.34
Total Current Assets	0.55	-0.31	-0.24	0.64	0.87	-0.39	0.43	-0.49	0.81	0.91	0.34	0.51	0.1	-0.59	0.91	0.73	0.63	-0.58	0.67	0.27	0.79	-0.2	-0.01		0.42	-0.45
Short Term Debt	0.69	0.46	0.48	0.95	0.53	0.27	-0.4	0.35	0.04	0.46	0.65	0.69	0.0	0.16	0.46	0.57	-0.24	0.0	-0.23	-0.32	0.05	0.51	-0.14	0.42		0.33
Property Plant Equipment	0.37	0.91	0.52	0.16	-0.15	0.97	-0.57	0.93	-0.66	-0.35	0.54	0.02	-0.15	0.87	-0.35	-0.17	-0.91	0.87	-0.56	-0.3	-0.79	0.9	0.34	-0.45	0.33

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Superior Drilling Account Relationship Matchups

Superior Drilling fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	16.8M	13.0M	14.6M	17.6M	27.9M	21.0M
Short Long Term Debt Total	8.0M	2.9M	6.7M	6.3M	6.7M	10.3M
Other Current Liab	699.7K	61.7K	674.0K	784.4K	870.1K	1.2M
Total Current Liabilities	5.8M	3.2M	4.1M	3.7M	3.8M	4.6M
Total Stockholder Equity	7.1M	4.2M	6.1M	8.1M	16.7M	12.0M
Property Plant And Equipment Net	8.0M	7.6M	7.0M	9.2M	11.7M	8.7M
Net Debt	6.7M	986.8K	3.8M	4.2M	4.0M	3.8M
Accounts Payable	945.4K	430.0K	1.1M	1.0M	1.5M	927.7K
Cash	1.2M	2.0M	2.8M	2.2M	2.7M	2.5M
Non Current Assets Total	10.1M	8.5M	7.3M	9.6M	19.2M	15.8M
Non Currrent Assets Other	93.6K	87.5K	65.9K	327.5K	199.8K	189.8K
Other Assets	93.6K	187.3K	65.9K	111.5K	100.4K	95.3K
Long Term Debt	3.8M	1.5M	256.7K	529.5K	1.6M	1.5M
Cash And Short Term Investments	1.2M	2.0M	2.8M	2.2M	2.7M	2.5M
Net Receivables	3.9M	1.3M	2.9M	3.2M	2.7M	2.8M
Common Stock Shares Outstanding	25.1M	25.5M	26.4M	28.7M	29.8M	23.1M
Liabilities And Stockholders Equity	16.8M	13.0M	14.6M	17.6M	27.9M	21.0M
Non Current Liabilities Total	3.8M	5.6M	4.4M	5.8M	7.5M	7.7M
Inventory	924.0K	1.0M	1.2M	2.1M	2.7M	2.8M
Other Current Assets	252.2K	40.6K	55.2K	140.2K	708.7K	744.2K
Other Stockholder Equity	40.1M	40.6M	43.1M	43.9M	45.1M	39.3M
Total Liab	9.7M	8.8M	8.5M	9.5M	11.3M	12.3M
Property Plant And Equipment Gross	8.0M	7.6M	7.0M	9.2M	23.6M	24.8M
Total Current Assets	6.6M	4.5M	7.4M	8.0M	8.8M	7.1M
Short Term Debt	4.1M	1.5M	2.3M	1.2M	773.0K	734.3K
Property Plant Equipment	8.0M	7.6M	7.0M	9.2M	8.3M	8.6M
Common Stock	25.4K	25.8K	28.2K	29.2K	30.4K	24.7K
Net Tangible Assets	7.1M	3.4M	5.9M	8.0M	7.2M	8.5M
Retained Earnings	(33.0M)	(36.4M)	(37.0M)	(35.9M)	(28.5M)	(29.9M)
Common Stock Total Equity	24.5K	25.0K	25.4K	25.8K	29.6K	25.1K
Retained Earnings Total Equity	(24.6M)	(32.1M)	(33.0M)	(36.4M)	(32.8M)	(34.4M)
Capital Surpluse	38.9M	39.4M	40.1M	40.6M	46.7M	40.8M
Short Long Term Debt	4.1M	1.4M	2.2M	1.1M	635.3K	603.5K
Intangible Assets	2.0M	819.4K	236.1K	69.4K	62.5K	59.4K

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Additional Information and Resources on Investing in Superior Stock

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

How To Invest In Superior

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Is Superior Stock a good investment?

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What is Superior Drilling's Net Worth?

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Largest Oil & Gas Equipment & Services Companies

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Largest Energy Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Superior Drilling Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

Is Oil & Gas Equipment & Services space 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 Superior Drilling. If investors know Superior 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 Superior Drilling 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

17.336

Earnings Share

0.14

Revenue Per Share

0.655

Quarterly Revenue Growth

(0.21)

Return On Assets

0.0153

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

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Superior Intangible Assets vs Property Plant Equipment Analysis

Intangible Assets vs Property Plant Equipment

Intangible Assets vs Property Plant Equipment Correlation Analysis

Correlation Coefficient

Intangible Assets

Property Plant Equipment

Superior Drilling fundamental ratios Correlations

Superior Drilling Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Superior Drilling fundamental ratios Accounts

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Additional Information and Resources on Investing in Superior Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.97	Total Assets
Total Liab	+ 0.97	Short Long Term Debt Total
Property Plant Equipment	+ 0.97	Property Plant And Equipment Net
Net Debt	+ 0.96	Short Long Term Debt Total
Long Term Debt	+ 0.96	Net Debt

Current Deferred Revenue	- 0.96	Other Current Liab
Common Stock Shares Outstanding	- 0.93	Net Debt
Property Plant Equipment	- 0.91	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.9	Long Term Debt
Common Stock Shares Outstanding	- 0.89	Short Long Term Debt Total
Non Current Liabilities Total	- 0.87	Common Stock Shares Outstanding