Smith Operating Income vs Total Assets Analysis
SMSI Stock | USD 1.95 0.01 0.52% |
Smith Micro financial indicator trend analysis is much more than just breaking down Smith Micro Software prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Smith Micro Software is a good investment. Please check the relationship between Smith Micro Operating Income and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smith Micro Software. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Operating Income vs Total Assets
Operating Income vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Smith Micro Software Operating Income account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Smith Micro's Operating Income and Total Assets is -0.28. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Assets in the same time period over historical financial statements of Smith Micro Software, assuming nothing else is changed. The correlation between historical values of Smith Micro's Operating Income and Total Assets 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 Smith Micro Software are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Operating Income i.e., Smith Micro's Operating Income and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.28 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Operating Income
Operating Income is the amount of profit realized from Smith Micro Software 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 Smith Micro Software 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.Total Assets
Total assets refers to the total amount of Smith Micro assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Smith Micro Software books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Smith Micro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smith Micro Software 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 Micro Software. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. As of now, Smith Micro's Selling General Administrative is decreasing as compared to previous years. The Smith Micro's current Tax Provision is estimated to increase to about 182.7 K, while Issuance Of Capital Stock is projected to decrease to 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 45.7M | 34.3M | 23.0M | 33.3M | Total Revenue | 58.4M | 48.5M | 40.9M | 42.5M |
Smith Micro fundamental ratios Correlations
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Smith Micro Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Smith Micro fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 61.2M | 72.9M | 115.4M | 103.6M | 85.6M | 66.9M | |
Other Current Liab | 2.4M | 3.1M | 4.5M | 7.0M | 3.6M | 3.8M | |
Total Current Liabilities | 5.7M | 8.4M | 9.4M | 20.7M | 7.6M | 7.1M | |
Total Stockholder Equity | 48.7M | 58.7M | 100.6M | 76.4M | 75.4M | 57.6M | |
Property Plant And Equipment Net | 8.6M | 8.0M | 8.4M | 5.2M | 3.6M | 4.0M | |
Net Debt | (21.3M) | (19.5M) | (10.2M) | (602K) | (3.9M) | (4.1M) | |
Retained Earnings | (225.4M) | (221.2M) | (252.3M) | (281.6M) | (305.9M) | (290.7M) | |
Accounts Payable | 2.1M | 2.3M | 3.3M | 3.2M | 2.5M | 2.1M | |
Cash | 28.3M | 25.8M | 16.1M | 14.0M | 7.1M | 6.8M | |
Non Current Assets Total | 21.2M | 33.6M | 86.7M | 77.1M | 68.7M | 72.1M | |
Non Currrent Assets Other | 234K | 694K | 620K | 490K | 482K | 456.8K | |
Cash And Short Term Investments | 28.3M | 25.8M | 16.1M | 14.0M | 7.1M | 6.8M | |
Net Receivables | 10.9M | 12.3M | 10.6M | 10.5M | 7.9M | 9.7M | |
Common Stock Shares Outstanding | 37.0M | 42.8M | 51.2M | 55.4M | 64.9M | 68.2M | |
Liabilities And Stockholders Equity | 61.2M | 72.9M | 115.4M | 103.6M | 85.6M | 66.9M | |
Other Current Assets | 802K | 1.2M | 2.0M | 2.0M | 1.8M | 1.2M | |
Other Stockholder Equity | 274.0M | 279.9M | 352.8M | 357.9M | 381.3M | 208.2M | |
Total Liab | 12.5M | 14.2M | 14.8M | 27.2M | 10.2M | 9.3M | |
Property Plant And Equipment Gross | 8.6M | 8.0M | 20.4M | 5.2M | 11.7M | 12.2M | |
Total Current Assets | 40.0M | 39.3M | 28.7M | 26.5M | 16.9M | 16.0M | |
Accumulated Other Comprehensive Income | (225.4M) | (221.2M) | (252.3M) | (281.6M) | (253.4M) | (240.7M) | |
Non Current Liabilities Total | 6.8M | 5.8M | 5.4M | 6.5M | 2.5M | 3.9M | |
Intangible Assets | 4.5M | 12.7M | 42.6M | 36.3M | 29.5M | 31.0M | |
Other Assets | 328K | 8.6M | 620K | 490K | 563.5K | 535.3K | |
Common Stock Total Equity | 38K | 41K | 54K | 56K | 64.4K | 33.7K | |
Common Stock | 38K | 41K | 54K | 56K | 75K | 78.8K | |
Property Plant Equipment | 2.1M | 2.2M | 2.7M | 1.5M | 1.7M | 1.6M | |
Other Liab | 1.0M | 1.0M | 961K | 3.5M | 4.0M | 2.2M | |
Net Tangible Assets | 36.4M | 33.8M | 22.9M | 5.0M | 4.5M | 4.3M | |
Retained Earnings Total Equity | (225.4M) | (221.2M) | (252.3M) | (281.6M) | (253.4M) | (266.1M) | |
Capital Surpluse | 274.0M | 279.9M | 352.8M | 357.9M | 411.6M | 281.3M | |
Deferred Long Term Liab | 885K | 946K | 961K | 178K | 160.2K | 152.2K | |
Non Current Liabilities Other | 5.9M | 4.9M | 4.5M | 6.3M | 7.2M | 4.3M |
Currently Active Assets on Macroaxis
When determining whether Smith Micro Software offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Smith Micro'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 Smith Micro Software Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Smith Micro Software Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smith Micro Software. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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When running Smith Micro's price analysis, check to measure Smith Micro's 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 Smith Micro is operating at the current time. Most of Smith Micro's value examination focuses on studying past and present price action to predict the probability of Smith Micro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smith Micro's price. Additionally, you may evaluate how the addition of Smith Micro to your portfolios can decrease your overall portfolio volatility.
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Is Smith Micro'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 Micro. 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 Micro 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 (0.84) | Earnings Share (3.04) | Revenue Per Share 5.036 | Quarterly Revenue Growth (0.25) | Return On Assets (0.12) |
The market value of Smith Micro Software 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 Micro's value that differs from its market value or its book value, called intrinsic value, which is Smith Micro'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 Micro's market value can be influenced by many factors that don't directly affect Smith Micro'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 Micro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Micro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith Micro'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.