SPGI Inventory Turnover vs Net Income Analysis

SPGI Stock

USD 409.56 8.25 1.97%

SP Global financial indicator trend analysis is much more than just breaking down SP Global prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SP Global is a good investment. Please check the relationship between SP Global Inventory Turnover and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SP Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For more detail on how to invest in SPGI Stock please use our How to Invest in SP Global guide.

Inventory Turnover vs Net Income

Inventory Turnover vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SP Global Inventory Turnover account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between SP Global's Inventory Turnover and Net Income is -0.32. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Net Income in the same time period over historical financial statements of SP Global, assuming nothing else is changed. The correlation between historical values of SP Global's Inventory Turnover and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of SP Global are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Inventory Turnover i.e., SP Global's Inventory Turnover and Net Income go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in SP Global financial statement analysis. It represents the amount of money remaining after all of SP Global operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from SP Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SP Global 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 SP Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For more detail on how to invest in SPGI Stock please use our How to Invest in SP Global guide.As of now, SP Global's Enterprise Value is increasing as compared to previous years.

	2021	2022	2023	2024 (projected)
Interest Expense	119M	304M	334M	350.7M
Depreciation And Amortization	229M	1.0B	1.1B	1.2B

Interest Expense Depreciation And Amortization

SP Global fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.97	0.42	0.89	0.99	0.39	0.96	0.85	-0.17	1.0	0.53	-0.17	0.94	0.15	0.98	0.11	0.18	0.91	0.98	0.23	0.09	0.99	0.79	0.63	0.36	0.36
Short Long Term Debt Total	0.97		0.31	0.87	0.93	0.48	0.94	0.92	-0.02	0.95	0.63	-0.02	0.97	-0.02	1.0	-0.05	0.24	0.79	0.99	0.34	0.09	0.94	0.73	0.69	0.29	0.29
Other Current Liab	0.42	0.31		0.64	0.41	0.06	0.29	0.32	0.0	0.4	0.08	0.0	0.34	-0.06	0.34	0.07	0.37	0.39	0.42	0.36	0.0	0.42	0.55	0.0	0.61	0.61
Total Current Liabilities	0.89	0.87	0.64		0.85	0.43	0.79	0.88	0.03	0.87	0.59	0.03	0.91	-0.18	0.88	0.06	0.36	0.71	0.93	0.44	0.21	0.86	0.78	0.6	0.54	0.54
Total Stockholder Equity	0.99	0.93	0.41	0.85		0.31	0.96	0.77	-0.28	1.0	0.45	-0.28	0.89	0.27	0.95	0.2	0.12	0.96	0.95	0.12	0.09	1.0	0.79	0.57	0.37	0.37
Property Plant And Equipment Net	0.39	0.48	0.06	0.43	0.31		0.31	0.61	0.39	0.35	0.8	0.39	0.53	-0.24	0.46	-0.31	0.53	0.13	0.46	0.6	0.29	0.32	0.4	0.61	-0.17	-0.17
Net Debt	0.96	0.94	0.29	0.79	0.96	0.31		0.75	-0.37	0.97	0.43	-0.37	0.88	0.22	0.95	0.21	0.05	0.91	0.93	0.02	0.12	0.97	0.76	0.58	0.37	0.37
Retained Earnings	0.85	0.92	0.32	0.88	0.77	0.61	0.75		0.29	0.81	0.8	0.29	0.97	-0.34	0.91	-0.27	0.45	0.55	0.92	0.59	0.06	0.79	0.67	0.71	0.25	0.26
Cash	-0.17	-0.02	0.0	0.03	-0.28	0.39	-0.37	0.29		-0.24	0.45	1.0	0.07	-0.67	-0.07	-0.73	0.5	-0.5	-0.05	0.84	-0.1	-0.27	-0.23	0.16	-0.27	-0.27
Non Current Assets Total	1.0	0.95	0.4	0.87	1.0	0.35	0.97	0.81	-0.24		0.49	-0.24	0.92	0.2	0.97	0.15	0.13	0.93	0.97	0.16	0.08	1.0	0.79	0.61	0.37	0.37
Non Currrent Assets Other	0.53	0.63	0.08	0.59	0.45	0.8	0.43	0.8	0.45	0.49		0.45	0.7	-0.34	0.61	-0.39	0.68	0.23	0.61	0.67	0.32	0.46	0.48	0.54	-0.09	-0.09
Cash And Short Term Investments	-0.17	-0.02	0.0	0.03	-0.28	0.39	-0.37	0.29	1.0	-0.24	0.45		0.07	-0.67	-0.07	-0.72	0.5	-0.5	-0.04	0.84	-0.1	-0.27	-0.23	0.16	-0.27	-0.27
Net Receivables	0.94	0.97	0.34	0.91	0.89	0.53	0.88	0.97	0.07	0.92	0.7	0.07		-0.15	0.97	-0.09	0.28	0.72	0.98	0.41	0.08	0.9	0.74	0.75	0.3	0.3
Common Stock Shares Outstanding	0.15	-0.02	-0.06	-0.18	0.27	-0.24	0.22	-0.34	-0.67	0.2	-0.34	-0.67	-0.15		0.03	0.59	-0.47	0.51	-0.02	-0.56	0.07	0.23	0.17	-0.1	-0.12	-0.12
Non Current Liabilities Total	0.98	1.0	0.34	0.88	0.95	0.46	0.95	0.91	-0.07	0.97	0.61	-0.07	0.97	0.03		-0.01	0.22	0.83	0.99	0.31	0.07	0.96	0.75	0.67	0.31	0.32
Inventory	0.11	-0.05	0.07	0.06	0.2	-0.31	0.21	-0.27	-0.73	0.15	-0.39	-0.72	-0.09	0.59	-0.01		-0.58	0.38	0.01	-0.56	0.39	0.17	0.24	0.1	0.28	0.28
Other Current Assets	0.18	0.24	0.37	0.36	0.12	0.53	0.05	0.45	0.5	0.13	0.68	0.5	0.28	-0.47	0.22	-0.58		-0.05	0.26	0.72	0.2	0.13	0.3	-0.13	0.14	0.14
Other Stockholder Equity	0.91	0.79	0.39	0.71	0.96	0.13	0.91	0.55	-0.5	0.93	0.23	-0.5	0.72	0.51	0.83	0.38	-0.05		0.82	-0.11	0.09	0.94	0.73	0.42	0.36	0.37
Total Liab	0.98	0.99	0.42	0.93	0.95	0.46	0.93	0.92	-0.05	0.97	0.61	-0.04	0.98	-0.02	0.99	0.01	0.26	0.82		0.34	0.11	0.96	0.77	0.67	0.37	0.37
Total Current Assets	0.23	0.34	0.36	0.44	0.12	0.6	0.02	0.59	0.84	0.16	0.67	0.84	0.41	-0.56	0.31	-0.56	0.72	-0.11	0.34		0.12	0.14	0.26	0.29	0.03	0.03
Short Term Debt	0.09	0.09	0.0	0.21	0.09	0.29	0.12	0.06	-0.1	0.08	0.32	-0.1	0.08	0.07	0.07	0.39	0.2	0.09	0.11	0.12		0.08	0.25	0.09	0.19	0.19
Intangible Assets	0.99	0.94	0.42	0.86	1.0	0.32	0.97	0.79	-0.27	1.0	0.46	-0.27	0.9	0.23	0.96	0.17	0.13	0.94	0.96	0.14	0.08		0.78	0.58	0.38	0.39
Accounts Payable	0.79	0.73	0.55	0.78	0.79	0.4	0.76	0.67	-0.23	0.79	0.48	-0.23	0.74	0.17	0.75	0.24	0.3	0.73	0.77	0.26	0.25	0.78		0.45	0.6	0.6
Property Plant And Equipment Gross	0.63	0.69	0.0	0.6	0.57	0.61	0.58	0.71	0.16	0.61	0.54	0.16	0.75	-0.1	0.67	0.1	-0.13	0.42	0.67	0.29	0.09	0.58	0.45		-0.02	-0.02
Common Stock Total Equity	0.36	0.29	0.61	0.54	0.37	-0.17	0.37	0.25	-0.27	0.37	-0.09	-0.27	0.3	-0.12	0.31	0.28	0.14	0.36	0.37	0.03	0.19	0.38	0.6	-0.02		1.0
Common Stock	0.36	0.29	0.61	0.54	0.37	-0.17	0.37	0.26	-0.27	0.37	-0.09	-0.27	0.3	-0.12	0.32	0.28	0.14	0.37	0.37	0.03	0.19	0.39	0.6	-0.02	1.0

Click cells to compare fundamentals

SP Global Account Relationship Matchups

SP Global fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.3B	12.5B	15.0B	61.8B	60.6B	63.6B
Short Long Term Debt Total	4.6B	4.7B	4.6B	11.5B	12B	12.6B
Other Current Liab	863M	1.1B	1.3B	2.2B	2.1B	1.1B
Total Current Liabilities	3.1B	3.6B	3.8B	6.0B	6.1B	6.4B
Total Stockholder Equity	536M	571M	2.1B	36.5B	34.2B	35.9B
Property Plant And Equipment Net	996M	778M	667M	720M	637M	463.7M
Net Debt	1.7B	532M	(1.9B)	10.2B	10.7B	11.2B
Retained Earnings	12.2B	13.4B	15.0B	17.8B	18.7B	19.7B
Cash	2.9B	4.1B	6.5B	1.3B	1.3B	1.0B
Non Current Assets Total	6.6B	6.5B	6.2B	56.1B	55.4B	58.2B
Non Currrent Assets Other	641M	684M	758M	794M	536M	622.5M
Cash And Short Term Investments	2.9B	4.1B	6.5B	1.3B	1.3B	1.0B
Net Receivables	1.6B	1.6B	1.7B	2.5B	2.8B	3.0B
Common Stock Shares Outstanding	246.9M	242.1M	241.8M	318.5M	318.9M	275.8M
Liabilities And Stockholders Equity	11.3B	12.5B	15.0B	61.8B	60.6B	63.6B
Non Current Liabilities Total	5.5B	5.6B	5.7B	16.0B	16.4B	17.2B
Inventory	(1.6B)	(1.6B)	(1.7B)	(1.2B)	1M	1.1M
Other Current Assets	1.8B	1.9B	2.3B	3.1B	1B	772.5M
Other Stockholder Equity	(11.3B)	(12.5B)	(12.4B)	19.2B	15.8B	16.6B
Total Liab	8.5B	9.2B	9.5B	22.0B	22.5B	23.6B
Total Current Assets	4.7B	6.0B	8.8B	5.7B	5.1B	2.8B
Short Term Debt	112M	100M	96M	226M	47M	83.5M
Intangible Assets	1.4B	1.4B	1.3B	18.3B	17.4B	18.3B
Accounts Payable	190M	233M	205M	450M	557M	294.2M
Property Plant And Equipment Gross	996M	871M	861M	297M	1.4B	1.5B
Accumulated Other Comprehensive Income	(624M)	(637M)	(841M)	(886M)	(763M)	(724.9M)
Other Liab	883M	944M	1.1B	4.7B	5.4B	5.7B
Other Assets	558M	591M	758M	580M	522M	503.2M
Long Term Debt	3.9B	4.1B	4.1B	10.7B	11.4B	12.0B
Treasury Stock	(11.0B)	(12.3B)	(13.5B)	(13.5B)	(12.1B)	(11.5B)
Property Plant Equipment	320M	284M	241M	297M	267.3M	324.5M
Current Deferred Revenue	1.9B	2.2B	2.2B	3.1B	3.5B	3.6B
Good Will	3.6B	3.7B	3.5B	34.5B	34.9B	36.6B
Net Tangible Assets	(2.3B)	(1.8B)	670M	(13.2B)	(11.9B)	(11.3B)
Retained Earnings Total Equity	12.2B	13.4B	15.0B	17.8B	20.5B	10.9B
Short Term Investments	28M	9M	11M	14M	26M	27.3M

SP Global Investors Sentiment

The influence of SP Global's 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 SPGI. 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 SP Global's public news can be used to forecast risks associated with an investment in SPGI. The trend in average sentiment can be used to explain how an investor holding SPGI can time the market purely based on public headlines and social activities around SP Global. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

SP Global's 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 SP Global's 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 SP Global's news discussions. The higher the estimated score, the more favorable is the investor's outlook on SP Global.

SP Global Implied Volatility

24.83

SP Global's implied volatility exposes the market's sentiment of SP Global stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if SP Global's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that SP Global stock will not fluctuate a lot when SP Global's options are near their expiration.

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 SP Global 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, SP Global's short interest history, or implied volatility extrapolated from SP Global options trading.

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When determining whether SP Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SP Global'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 Sp Global Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sp Global Stock:

How To Invest In SPGI

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Is SPGI Stock a good investment?

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What is SP Global's Net Worth?

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Largest Financial Exchanges & Data Companies

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Largest Financial Data & Stock Exchanges Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SP Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For more detail on how to invest in SPGI Stock please use our How to Invest in SP Global guide.

Note that the SP Global information on this page should be used as a complementary analysis to other SP Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

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When running SP Global's price analysis, check to measure SP Global'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 SP Global is operating at the current time. Most of SP Global's value examination focuses on studying past and present price action to predict the probability of SP Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SP Global's price. Additionally, you may evaluate how the addition of SP Global to your portfolios can decrease your overall portfolio volatility.

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Is SP Global'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 SP Global. If investors know SPGI 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 SP Global 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

0.367

Dividend Share

3.6

Earnings Share

8.23

Revenue Per Share

39.249

Quarterly Revenue Growth

0.073

The market value of SP Global is measured differently than its book value, which is the value of SPGI that is recorded on the company's balance sheet. Investors also form their own opinion of SP Global's value that differs from its market value or its book value, called intrinsic value, which is SP Global'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 SP Global's market value can be influenced by many factors that don't directly affect SP Global'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 SP Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if SP Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SP Global'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.

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SPGI Inventory Turnover vs Net Income Analysis

Inventory Turnover vs Net Income

Inventory Turnover vs Net Income Correlation Analysis

Correlation Coefficient

Inventory Turnover

Net Income

SP Global fundamental ratios Correlations

SP Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SP Global fundamental ratios Accounts

SP Global Investors Sentiment

SP Global Implied Volatility

Currently Active Assets on Macroaxis

Complementary Tools for SPGI Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Intangible Assets	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Intangible Assets	+ 1.0	Non Current Assets Total

Inventory	- 0.73	Cash
Inventory	- 0.72	Cash And Short Term Investments
Common Stock Shares Outstanding	- 0.67	Cash And Short Term Investments
Common Stock Shares Outstanding	- 0.67	Cash
Other Current Assets	- 0.58	Inventory
Total Current Assets	- 0.56	Inventory