Summit Materials Stock Current Asset

SUM Stock  USD 44.03  0.57  1.31%   
Summit Materials fundamentals help investors to digest information that contributes to Summit Materials' financial success or failures. It also enables traders to predict the movement of Summit Stock. The fundamental analysis module provides a way to measure Summit Materials' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Summit Materials stock.
At this time, Summit Materials' Other Current Assets are very stable compared to the past year. As of the 28th of March 2024, Total Current Assets is likely to grow to about 1.8 B, while Non Current Assets Total are likely to drop about 2.8 B.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Summit Current Asset Analysis

Summit Materials' Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
 2021 2022 2023 2024 (projected)
Interest Expense92.2M87.0M114.2M99.0M
Depreciation And Amortization247.2M209.2M217.6M177.8M

Current Asset

 = 

Cash

+

Deposits

+

Liquid Assets

More About Current Asset | All Equity Analysis

Current Summit Materials Current Asset

    
  472.53 M  
Most of Summit Materials' fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Summit Materials is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Summit Current Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Summit Materials is extremely important. It helps to project a fair market value of Summit Stock properly, considering its historical fundamentals such as Current Asset. Since Summit Materials' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Summit Materials' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Summit Materials' interrelated accounts and indicators.
0.950.970.30.870.80.960.970.980.40.890.980.79-0.030.78-0.880.970.860.951.00.820.070.850.970.830.670.460.54
0.950.880.420.920.740.940.930.950.420.860.960.760.050.74-0.880.880.760.960.960.770.160.820.880.740.660.450.52
0.970.880.090.760.850.910.950.910.430.870.890.8-0.040.88-0.80.960.780.860.960.87-0.050.740.980.90.750.570.6
0.30.420.090.52-0.130.280.190.39-0.210.160.460.0-0.04-0.18-0.510.210.40.480.31-0.090.50.530.11-0.03-0.18-0.28-0.29
0.870.920.760.520.610.840.810.880.460.810.930.69-0.010.48-0.810.790.740.970.880.610.130.840.790.570.60.390.36
0.80.740.85-0.130.610.760.790.710.780.940.70.97-0.070.81-0.670.760.560.720.80.98-0.290.630.860.840.880.690.91
0.960.940.910.280.840.760.980.950.370.850.950.750.140.77-0.810.950.860.910.950.780.170.840.930.770.640.370.57
0.970.930.950.190.810.790.980.960.360.850.940.760.060.83-0.820.960.840.90.970.810.140.810.960.810.650.40.58
0.980.950.910.390.880.710.950.960.290.850.990.71-0.060.7-0.910.950.880.950.980.740.210.880.920.730.540.290.46
0.40.420.43-0.210.460.780.370.360.290.730.350.850.00.39-0.280.340.170.460.40.71-0.550.360.490.520.860.760.8
0.890.860.870.160.810.940.850.850.850.730.860.96-0.080.71-0.820.840.710.880.90.94-0.140.80.90.790.80.580.8
0.980.960.890.460.930.70.950.940.990.350.860.73-0.010.66-0.890.940.890.980.970.730.160.910.910.730.580.340.46
0.790.760.80.00.690.970.750.760.710.850.960.73-0.010.7-0.660.740.580.770.790.95-0.320.690.840.820.890.710.89
-0.030.05-0.04-0.04-0.01-0.070.140.06-0.060.0-0.08-0.01-0.010.160.2-0.01-0.05-0.05-0.05-0.020.03-0.060.00.070.080.070.05
0.780.740.88-0.180.480.810.770.830.70.390.710.660.70.16-0.580.770.50.610.780.84-0.160.430.820.860.730.620.66
-0.88-0.88-0.8-0.51-0.81-0.67-0.81-0.82-0.91-0.28-0.82-0.89-0.660.2-0.58-0.8-0.73-0.89-0.91-0.72-0.27-0.77-0.77-0.59-0.43-0.23-0.44
0.970.880.960.210.790.760.950.960.950.340.840.940.74-0.010.77-0.80.920.890.950.780.020.850.970.840.620.40.52
0.860.760.780.40.740.560.860.840.880.170.710.890.58-0.050.5-0.730.920.820.830.570.140.920.840.650.370.110.35
0.950.960.860.480.970.720.910.90.950.460.880.980.77-0.050.61-0.890.890.820.950.740.090.880.880.720.640.430.47
1.00.960.960.310.880.80.950.970.980.40.90.970.79-0.050.78-0.910.950.830.950.830.110.850.960.80.660.440.55
0.820.770.87-0.090.610.980.780.810.740.710.940.730.95-0.020.84-0.720.780.570.740.83-0.270.610.870.860.830.660.89
0.070.16-0.050.50.13-0.290.170.140.21-0.55-0.140.16-0.320.03-0.16-0.270.020.140.090.11-0.270.18-0.07-0.32-0.45-0.62-0.34
0.850.820.740.530.840.630.840.810.880.360.80.910.69-0.060.43-0.770.850.920.880.850.610.180.820.60.470.170.44
0.970.880.980.110.790.860.930.960.920.490.90.910.840.00.82-0.770.970.840.880.960.87-0.070.820.890.750.540.64
0.830.740.9-0.030.570.840.770.810.730.520.790.730.820.070.86-0.590.840.650.720.80.86-0.320.60.890.80.730.65
0.670.660.75-0.180.60.880.640.650.540.860.80.580.890.080.73-0.430.620.370.640.660.83-0.450.470.750.80.910.75
0.460.450.57-0.280.390.690.370.40.290.760.580.340.710.070.62-0.230.40.110.430.440.66-0.620.170.540.730.910.55
0.540.520.6-0.290.360.910.570.580.460.80.80.460.890.050.66-0.440.520.350.470.550.89-0.340.440.640.650.750.55
Click cells to compare fundamentals
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
Competition

Summit Total Assets

Total Assets

3.58 Billion

At this time, Summit Materials' Total Assets are very stable compared to the past year.
In accordance with the recently published financial statements, Summit Materials has a Current Asset of 472.53 M. This is 91.19% lower than that of the Construction Materials sector and 56.77% lower than that of the Materials industry. The current asset for all United States stocks is 94.94% higher than that of the company.

Summit Current Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Summit Materials' direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Summit Materials could also be used in its relative valuation, which is a method of valuing Summit Materials by comparing valuation metrics of similar companies.
Summit Materials is currently under evaluation in current asset category among related companies.

Summit Fundamentals

About Summit Materials Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Summit Materials's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Summit Materials using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Summit Materials based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2024
Non Current Assets Total3.4 B2.8 B
Other Current Assets829.4 M870.8 M
Total Current Assets1.7 B1.8 B

Summit Materials Investors Sentiment

The influence of Summit Materials' 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 Summit. 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 Summit Materials' public news can be used to forecast risks associated with an investment in Summit. The trend in average sentiment can be used to explain how an investor holding Summit can time the market purely based on public headlines and social activities around Summit Materials. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Summit Materials' 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 Summit Materials' 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 Summit Materials' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Summit Materials.
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 Summit Materials 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, Summit Materials' short interest history, or implied volatility extrapolated from Summit Materials options trading.

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 Summit Materials Piotroski F Score and Summit Materials Altman Z Score analysis.
To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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.
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
CEOs Directory
Screen CEOs from public companies around the world
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Equity Valuation
Check real value of public entities based on technical and fundamental data
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
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.