Smith Short Term Investments vs Common Stock 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 Short Term Investments and its Common Stock 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.
Short Term Investments vs Common Stock
Short Term Investments vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Smith Nephew SNATS Short Term Investments account and Common Stock. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Smith Nephew's Short Term Investments and Common Stock is -0.18. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Common Stock 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 Short Term Investments and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Smith Nephew SNATS are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Short Term Investments i.e., Smith Nephew's Short Term Investments and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of Smith Nephew balance sheet. It contains any investments Smith Nephew SNATS undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Smith Nephew SNATS can easily liquidate in the marketplace.Common Stock
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
Click cells to compare fundamentals
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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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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.