Spire Total Assets vs Asset Turnover Analysis
SR Stock | USD 60.91 1.51 2.54% |
Spire financial indicator trend analysis is much more than just breaking down Spire Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spire Inc is a good investment. Please check the relationship between Spire Total Assets and its Asset Turnover accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spire Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Total Assets vs Asset Turnover
Total Assets vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spire Inc Total Assets account and Asset Turnover. At this time, the significance of the direction appears to have pay attention.
The correlation between Spire's Total Assets and Asset Turnover is -0.73. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Spire Inc, assuming nothing else is changed. The correlation between historical values of Spire's Total Assets and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Spire Inc are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Total Assets i.e., Spire's Total Assets and Asset Turnover go up and down completely randomly.
Correlation Coefficient | -0.73 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Spire 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 Spire Inc 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.Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most indicators from Spire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spire Inc 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 Spire Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Spire's Selling General Administrative is relatively stable compared to the past year. As of 04/19/2024, Tax Provision is likely to grow to about 35.2 M, while Enterprise Value Multiple is likely to drop 7.91.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 825M | 887.9M | 1.0B | 585.4M | Total Revenue | 2.2B | 2.7B | 3.1B | 3.2B |
Spire fundamental ratios Correlations
Click cells to compare fundamentals
Spire Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spire fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 51.3M | 51.7M | 52.1M | 52.6M | 60.5M | 63.5M | |
Total Assets | 8.2B | 9.4B | 10.1B | 10.3B | 11.9B | 12.5B | |
Short Long Term Debt Total | 3.1B | 3.7B | 4.3B | 4.7B | 5.4B | 5.6B | |
Other Current Liab | 421.6M | 409.6M | 370.6M | 341.6M | 392.8M | 412.5M | |
Total Current Liabilities | 1.4B | 1.6B | 2.4B | 1.8B | 2.0B | 2.1B | |
Total Stockholder Equity | 2.5B | 2.7B | 2.8B | 2.9B | 3.4B | 3.5B | |
Property Plant And Equipment Net | 4.7B | 5.1B | 5.9B | 6.5B | 7.5B | 7.9B | |
Current Deferred Revenue | 75.9M | 61M | 46.9M | 48.6M | 55.9M | 58.7M | |
Net Debt | 3.1B | 3.7B | 4.3B | 4.7B | 5.4B | 5.6B | |
Retained Earnings | 720.7M | 843M | 905.5M | 958M | 1.1B | 1.2B | |
Accounts Payable | 243.3M | 409.9M | 617.4M | 253.1M | 291.1M | 158.1M | |
Cash | 4.1M | 4.3M | 6.5M | 5.6M | 6.4M | 6.1M | |
Non Current Assets Total | 7.7B | 8.0B | 8.5B | 9.2B | 10.6B | 11.2B | |
Non Currrent Assets Other | 225.5M | 264.9M | 258.1M | 708.8M | 815.1M | 855.9M | |
Cash And Short Term Investments | 4.1M | 4.3M | 6.5M | 5.6M | 6.4M | 6.1M | |
Net Receivables | 253.3M | 596.3M | 622.7M | 288.5M | 331.8M | 201.9M | |
Common Stock Total Equity | 51M | 51.6M | 51.7M | 52.5M | 60.4M | 32.7M | |
Liabilities And Stockholders Equity | 8.2B | 9.4B | 10.1B | 10.3B | 11.9B | 12.5B | |
Non Current Liabilities Total | 4.3B | 5.1B | 4.9B | 5.6B | 6.5B | 6.8B | |
Inventory | 191.5M | 305M | 422.3M | 279.5M | 321.4M | 182.4M | |
Other Current Assets | 141.7M | 410.9M | 540.5M | 503.3M | 578.8M | 607.7M | |
Other Stockholder Equity | 3.6B | 1.5B | 242M | 1.6B | 1.5B | 1.5B | |
Total Liab | 5.7B | 6.7B | 7.3B | 7.4B | 8.5B | 8.9B | |
Property Plant And Equipment Gross | 5.1B | 471.1M | 491.4M | 8.9B | 10.3B | 10.8B | |
Total Current Assets | 590.6M | 1.3B | 1.6B | 1.1B | 1.2B | 1.3B | |
Accumulated Other Comprehensive Income | (41.2M) | 3.6M | 47.2M | 47.6M | 54.7M | 57.5M | |
Short Term Debt | 708.4M | 727.8M | 1.3B | 1.1B | 1.3B | 1.3B | |
Common Stock | 1.6B | 1.6B | 1.6B | 1.7B | 1.9B | 2.0B | |
Other Liab | 1.8B | 2.2B | 1.9B | 2.0B | 2.3B | 2.4B | |
Other Assets | 1.2B | 1.3B | 1.3B | 1.5B | 1.7B | 1.8B | |
Long Term Debt | 2.4B | 2.9B | 3.0B | 3.6B | 4.1B | 4.3B | |
Property Plant Equipment | 432.3M | 5.6B | 5.9B | 6.5B | 7.4B | 7.8B | |
Deferred Long Term Liab | 1.1B | 1.3B | 1.1B | 1.2B | 1.4B | 774.9M | |
Net Tangible Assets | 2.3B | 1.2B | 1.4B | 1.5B | 1.4B | 1.4B | |
Long Term Debt Total | 2.1B | 2.4B | 2.9B | 3.0B | 3.4B | 2.1B |
Spire Investors Sentiment
The influence of Spire'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 Spire. 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 Spire's public news can be used to forecast risks associated with an investment in Spire. The trend in average sentiment can be used to explain how an investor holding Spire can time the market purely based on public headlines and social activities around Spire Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Spire'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 Spire'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 Spire's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Spire.
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 Spire 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, Spire's short interest history, or implied volatility extrapolated from Spire options trading.
Currently Active Assets on Macroaxis
When determining whether Spire Inc is a strong investment it is important to analyze Spire's 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 Spire's future performance. For an informed investment choice regarding Spire Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spire Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Spire Stock analysis
When running Spire's price analysis, check to measure Spire'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 Spire is operating at the current time. Most of Spire's value examination focuses on studying past and present price action to predict the probability of Spire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spire's price. Additionally, you may evaluate how the addition of Spire to your portfolios can decrease your overall portfolio volatility.
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |
Is Spire'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 Spire. If investors know Spire 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 Spire 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 (0.09) | Dividend Share 2.915 | Earnings Share 3.71 | Revenue Per Share 49.434 | Quarterly Revenue Growth (0.07) |
The market value of Spire Inc is measured differently than its book value, which is the value of Spire that is recorded on the company's balance sheet. Investors also form their own opinion of Spire's value that differs from its market value or its book value, called intrinsic value, which is Spire'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 Spire's market value can be influenced by many factors that don't directly affect Spire'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 Spire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spire'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.