Standard Operating Income vs Cost of Revenue Analysis

SMP Stock  USD 33.80  1.09  3.33%   
Standard financial indicator trend analysis is much more than just breaking down Standard Motor Products prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Standard Motor Products is a good investment. Please check the relationship between Standard Operating Income and its Cost Of Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Standard Motor Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Operating Income vs Cost Of Revenue

Operating Income vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Standard Motor Products Operating Income account and Cost of Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Standard's Operating Income and Cost of Revenue is 0.88. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of Standard Motor Products, assuming nothing else is changed. The correlation between historical values of Standard's Operating Income and Cost of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Standard Motor Products are associated (or correlated) with its Cost of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost of Revenue has no effect on the direction of Operating Income i.e., Standard's Operating Income and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

Operating Income

Operating Income is the amount of profit realized from Standard Motor Products operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Standard Motor Products is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Cost Of Revenue

Cost of Revenue is found on Standard Motor Products income statement and represents the costs associated with goods and services Standard provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Standard's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Standard Motor Products 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 Standard Motor Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
At this time, Standard's Tax Provision is relatively stable compared to the past year. As of 03/28/2024, Enterprise Value Multiple is likely to grow to 9.76, while Selling General Administrative is likely to drop slightly above 209.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit376.9M382.5M388.8M255.5M
Total Revenue1.3B1.4B1.4B850.7M

Standard fundamental ratios Correlations

0.630.730.850.850.680.640.840.490.820.670.490.860.520.590.99-0.1-0.580.980.370.990.260.890.770.870.69
0.630.670.360.740.881.00.790.560.850.650.560.4-0.040.950.63-0.13-0.880.750.730.6-0.040.350.890.720.31
0.730.670.660.880.850.650.870.510.880.70.510.80.250.710.67-0.08-0.650.770.670.730.00.70.840.670.55
0.850.360.660.750.460.370.690.190.670.610.190.840.670.260.85-0.01-0.280.820.130.870.610.940.60.720.7
0.850.740.880.750.890.730.990.430.970.650.430.860.370.770.82-0.13-0.70.870.660.850.030.770.910.740.64
0.680.880.850.460.890.870.920.530.960.650.530.60.060.930.65-0.2-0.840.760.90.65-0.20.520.930.660.47
0.641.00.650.370.730.870.780.520.840.670.520.41-0.010.940.65-0.12-0.860.760.710.62-0.020.350.880.720.33
0.840.790.870.690.990.920.780.510.990.590.510.820.220.810.8-0.24-0.80.860.680.820.00.730.960.790.52
0.490.560.510.190.430.530.520.510.50.21.00.3-0.230.540.43-0.2-0.660.510.490.43-0.130.340.610.610.07
0.820.850.880.670.970.960.840.990.50.670.510.760.210.860.79-0.22-0.820.870.750.80.010.70.970.780.54
0.670.650.70.610.650.650.670.590.20.670.20.570.550.630.690.22-0.40.750.470.710.190.50.560.490.74
0.490.560.510.190.430.530.520.511.00.510.20.3-0.240.540.42-0.2-0.660.510.50.43-0.130.340.620.610.07
0.860.40.80.840.860.60.410.820.30.760.570.30.540.440.82-0.14-0.450.810.30.880.170.880.680.660.65
0.52-0.040.250.670.370.06-0.010.22-0.230.210.55-0.240.54-0.050.560.510.30.46-0.120.610.390.550.040.160.88
0.590.950.710.260.770.930.940.810.540.860.630.540.44-0.050.58-0.13-0.870.70.850.57-0.320.30.870.60.35
0.990.630.670.850.820.650.650.80.430.790.690.420.820.560.58-0.07-0.550.980.330.990.290.870.740.860.71
-0.1-0.13-0.08-0.01-0.13-0.2-0.12-0.24-0.2-0.220.22-0.2-0.140.51-0.13-0.070.51-0.09-0.10.010.05-0.11-0.25-0.30.43
-0.58-0.88-0.65-0.28-0.7-0.84-0.86-0.8-0.66-0.82-0.4-0.66-0.450.3-0.87-0.550.51-0.66-0.68-0.510.17-0.37-0.89-0.72-0.05
0.980.750.770.820.870.760.760.860.510.870.750.510.810.460.70.98-0.09-0.660.460.970.240.840.840.890.67
0.370.730.670.130.660.90.710.680.490.750.470.50.3-0.120.850.33-0.1-0.680.460.34-0.460.210.720.340.36
0.990.60.730.870.850.650.620.820.430.80.710.430.880.610.570.990.01-0.510.970.340.270.890.740.820.75
0.26-0.040.00.610.03-0.2-0.020.0-0.130.010.19-0.130.170.39-0.320.290.050.170.24-0.460.270.420.030.330.15
0.890.350.70.940.770.520.350.730.340.70.50.340.880.550.30.87-0.11-0.370.840.210.890.420.640.770.64
0.770.890.840.60.910.930.880.960.610.970.560.620.680.040.870.74-0.25-0.890.840.720.740.030.640.830.38
0.870.720.670.720.740.660.720.790.610.780.490.610.660.160.60.86-0.3-0.720.890.340.820.330.770.830.34
0.690.310.550.70.640.470.330.520.070.540.740.070.650.880.350.710.43-0.050.670.360.750.150.640.380.34
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Standard Account Relationship Matchups

Standard fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets912.7M956.5M1.2B1.3B1.3B673.1M
Short Long Term Debt Total85.4M32.7M159.6M280.3M245.2M257.4M
Other Current Liab91.5M192.4M210.8M145.2M196.8M206.6M
Total Current Liabilities309.5M302.6M476.4M323.1M304.3M234.6M
Total Stockholder Equity504.2M550.2M601.6M610.0M635.1M666.8M
Property Plant And Equipment Net125.7M119.1M143.3M157.0M221.9M233.0M
Net Debt75.0M13.2M137.9M259.2M212.7M223.3M
Retained Earnings417.4M463.6M532.3M564.2M573.2M601.9M
Cash10.4M19.5M21.8M21.2M32.5M17.2M
Non Current Assets Total363.3M358.0M486.8M492.5M548.8M576.3M
Non Currrent Assets Other18.8M21.8M25.4M27.5M27.8M24.8M
Cash And Short Term Investments10.4M19.5M21.8M21.2M32.5M17.4M
Net Receivables135.5M198.0M180.6M167.6M160.3M141.3M
Common Stock Shares Outstanding22.9M22.8M22.8M22.6M22.2M19.3M
Liabilities And Stockholders Equity912.7M956.5M1.2B1.3B1.3B673.1M
Non Current Liabilities Total99.0M103.7M109.0M310.8M337.9M354.8M
Inventory387.9M365.1M491.0M548.4M525.3M273.5M
Other Current Assets15.6M15.9M17.8M25.2M26.1M24.8M
Other Stockholder Equity47.5M44.4M29.6M10.4M14.0M13.3M
Total Liab408.5M406.3M585.3M633.9M642.2M372.4M
Property Plant And Equipment Gross125.7M119.1M102.8M107.1M481.6M505.7M
Total Current Assets549.4M598.5M711.2M762.4M744.2M458.7M
Accumulated Other Comprehensive Income(8.6M)(5.7M)(8.2M)(12.5M)(6.0M)(6.3M)
Short Term Debt56.9M10.1M128.4M55.0M5.0M4.8M
Accounts Payable92.5M100.0M137.2M89.2M107.5M65.1M
Good Will77.8M77.8M131.7M132.1M134.7M141.5M
Intangible Assets64.9M54.0M106.2M100.5M92.3M51.7M
Other Liab70.5M81.2M77.7M85.5M98.3M67.1M
Other Assets56.1M137.1M3K59.2M(10K)(9.5K)
Long Term Debt129K97K21K184.6M151.2M158.7M
Treasury Stock(53.7M)(55.2M)(60.7M)(75.8M)(68.2M)(64.8M)
Property Plant Equipment89.6M89.1M143.3M107.1M123.2M93.7M
Current Deferred Revenue35.9M88.7M68.5M33.7M(5.0M)(4.8M)
Net Tangible Assets504.2M550.2M601.6M610.0M701.5M487.9M
Retained Earnings Total Equity417.4M463.6M532.3M564.2M648.9M382.3M
Capital Surpluse102.7M105.1M105.4M105.6M121.5M105.7M
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 Standard 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, Standard's short interest history, or implied volatility extrapolated from Standard options trading.

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When determining whether Standard Motor Products is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Standard Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Standard Motor Products Stock. Highlighted below are key reports to facilitate an investment decision about Standard Motor Products Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Standard Motor Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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Is Standard'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 Standard. If investors know Standard 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 Standard 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
(0.20)
Dividend Share
1.16
Earnings Share
2.85
Revenue Per Share
62.547
Quarterly Revenue Growth
(0.06)
The market value of Standard Motor Products is measured differently than its book value, which is the value of Standard that is recorded on the company's balance sheet. Investors also form their own opinion of Standard's value that differs from its market value or its book value, called intrinsic value, which is Standard'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 Standard's market value can be influenced by many factors that don't directly affect Standard'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 Standard's value and its price as these two are different measures arrived at by different means. Investors typically determine if Standard is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Standard'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.