Smith Accounts Payable vs Cash Analysis
SNN Stock | USD 25.02 0.14 0.56% |
Smith Nephew financial indicator trend analysis is much more than just breaking down Smith Nephew SNATS prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Smith Nephew SNATS is a good investment. Please check the relationship between Smith Nephew Accounts Payable and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smith Nephew SNATS. 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.
Accounts Payable vs Cash
Accounts Payable vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Smith Nephew SNATS Accounts Payable account and Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Smith Nephew's Accounts Payable and Cash is 0.31. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of Smith Nephew SNATS, assuming nothing else is changed. The correlation between historical values of Smith Nephew's Accounts Payable and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Smith Nephew SNATS are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Accounts Payable i.e., Smith Nephew's Accounts Payable and Cash go up and down completely randomly.
Correlation Coefficient | 0.31 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Smith Nephew obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Smith Nephew SNATS are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Cash
Cash refers to the most liquid asset of Smith Nephew SNATS, which is listed under current asset account on Smith Nephew SNATS balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Smith Nephew customers. The amounts must be unrestricted with restricted cash listed in a different Smith Nephew account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Smith Nephew's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smith Nephew SNATS 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 Smith Nephew SNATS. 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. As of the 31st of May 2024, Selling General Administrative is likely to drop to about 364.8 M. In addition to that, Tax Provision is likely to drop to about 25.6 M
2021 | 2023 | 2024 (projected) | Interest Expense | 80M | 132M | 138.6M | Depreciation And Amortization | 466M | 527M | 553.4M |
Smith Nephew fundamental ratios Correlations
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Smith Nephew Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Smith Nephew fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.3B | 11.0B | 10.9B | 10.0B | 10.0B | 10.5B | |
Short Long Term Debt Total | 2.0B | 3.7B | 3.3B | 2.9B | 3.1B | 3.2B | |
Other Current Liab | 623M | 797M | 1.1B | 686M | 272M | 372.9M | |
Total Current Liabilities | 1.6B | 1.7B | 2.1B | 1.7B | 2.3B | 2.4B | |
Total Stockholder Equity | 5.1B | 5.3B | 5.6B | 5.3B | 5.2B | 5.5B | |
Property Plant And Equipment Net | 1.3B | 1.4B | 1.5B | 1.5B | 1.5B | 746.7M | |
Current Deferred Revenue | (72M) | (337M) | (491M) | (160M) | 218M | 228.9M | |
Net Debt | 1.8B | 1.9B | 2.0B | 2.5B | 2.8B | 2.9B | |
Retained Earnings | 4.8B | 5.0B | 5.2B | 5.0B | 4.9B | 5.2B | |
Accounts Payable | 941M | 891M | 1.0B | 1.0B | 1.0B | 1.1B | |
Cash | 277M | 1.8B | 1.3B | 350M | 302M | 278.3M | |
Non Current Assets Total | 5.8B | 6.0B | 6.1B | 5.8B | 6.0B | 6.3B | |
Non Currrent Assets Other | (150M) | (202M) | (201M) | (177M) | 87M | 91.4M | |
Other Assets | 291M | 368M | 398M | 330M | 379.5M | 398.5M | |
Cash And Short Term Investments | 277M | 1.8B | 1.3B | 350M | 302M | 293.6M | |
Liabilities And Stockholders Equity | 9.3B | 11.0B | 10.9B | 10.0B | 10.0B | 10.5B | |
Non Current Liabilities Total | 1.9B | 3.2B | 2.7B | 2.6B | 2.5B | 2.6B | |
Inventory | 1.6B | 1.7B | 1.8B | 2.2B | 2.4B | 2.5B | |
Other Current Assets | 246M | 300M | 319M | 274M | 92M | 87.4M | |
Other Stockholder Equity | 115M | 144M | 166M | 58M | 521M | 547.1M | |
Total Liab | 4.2B | 5.7B | 5.4B | 4.7B | 4.8B | 5.0B | |
Total Current Assets | 3.2B | 4.7B | 4.4B | 3.9B | 4.0B | 4.2B | |
Accumulated Other Comprehensive Income | (306M) | (311M) | (328M) | (439M) | (385M) | (404.3M) | |
Short Term Debt | 72M | 337M | 491M | 160M | 765M | 803.3M | |
Intangible Assets | 1.6B | 1.5B | 1.4B | 1.2B | 1.1B | 817.0M | |
Other Liab | 619M | 692M | 373M | 280M | 322M | 358.7M | |
Long Term Debt | 1.8B | 3.2B | 2.7B | 2.6B | 2.2B | 1.2B | |
Good Will | 2.8B | 2.9B | 3.0B | 3.0B | 3.0B | 1.7B | |
Property Plant Equipment | 1.3B | 1.4B | 1.5B | 1.5B | 1.7B | 929.0M | |
Net Receivables | 1.1B | 911M | 971M | 1.0B | 1.2B | 897.5M | |
Property Plant And Equipment Gross | 1.3B | 1.4B | 4.0B | 4.0B | 4.2B | 4.5B | |
Treasury Stock | (214M) | (189M) | (157M) | (120M) | (138M) | (144.9M) | |
Net Tangible Assets | 785M | 865M | 1.2B | 992M | 1.1B | 871.3M |
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Try AI Portfolio ArchitectCheck out World Market Map to better understand how to build diversified portfolios, which includes a position in Smith Nephew SNATS. 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. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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Is Smith Nephew'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 Smith Nephew. If investors know Smith 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 Smith Nephew 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 0.983 | Dividend Share 0.375 | Earnings Share 0.6 | Revenue Per Share 2.5484 | Quarterly Revenue Growth 0.076 |
The market value of Smith Nephew SNATS is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith Nephew's value that differs from its market value or its book value, called intrinsic value, which is Smith Nephew'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 Smith Nephew's market value can be influenced by many factors that don't directly affect Smith Nephew'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 Smith Nephew's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Nephew is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith Nephew'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.