Suncor Accounts Payable vs Retained Earnings Analysis
SU Stock | USD 40.30 0.18 0.45% |
Suncor Energy financial indicator trend analysis is much more than just breaking down Suncor Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Suncor Energy is a good investment. Please check the relationship between Suncor Energy Accounts Payable and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Suncor Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Suncor Stock please use our How to Invest in Suncor Energy guide.
Accounts Payable vs Retained Earnings
Accounts Payable vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Suncor Energy Accounts Payable account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Suncor Energy's Accounts Payable and Retained Earnings is 0.8. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Suncor Energy, assuming nothing else is changed. The correlation between historical values of Suncor Energy's Accounts Payable and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Suncor Energy are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Accounts Payable i.e., Suncor Energy's Accounts Payable and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Suncor Energy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Suncor Energy are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Suncor Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Suncor Energy 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 Suncor Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Suncor Stock please use our How to Invest in Suncor Energy guide.At this time, Suncor Energy's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 4.7 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 19.5B | 28.8B | 19.5B | 10.1B | Total Revenue | 39.1B | 58.3B | 49.1B | 51.5B |
Suncor Energy fundamental ratios Correlations
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Suncor Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Suncor Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 89.4B | 84.6B | 83.7B | 84.6B | 88.5B | 46.3B | |
Short Long Term Debt Total | 18.0B | 21.7B | 18.4B | 15.6B | 15.8B | 8.8B | |
Other Current Liab | 310M | 614M | 2.1B | 1.6B | 1.5B | 1.6B | |
Total Current Liabilities | 10.5B | 10.5B | 10.4B | 12.9B | 9.6B | 5.5B | |
Total Stockholder Equity | 42.0B | 35.8B | 36.6B | 39.4B | 43.3B | 22.4B | |
Property Plant And Equipment Net | 75.1B | 70.4B | 67.8B | 64.6B | 67.7B | 37.3B | |
Net Debt | 16.0B | 19.8B | 16.1B | 13.6B | 14.1B | 7.3B | |
Retained Earnings | 15.4B | 9.1B | 11.5B | 15.6B | 20.0B | 10.2B | |
Accounts Payable | 6.6B | 4.7B | 6.5B | 8.2B | 7.2B | 3.7B | |
Cash | 2.0B | 1.9B | 2.2B | 2.0B | 1.7B | 1.6B | |
Non Current Assets Total | 79.5B | 75.2B | 72.8B | 70.1B | 74.7B | 39.9B | |
Non Currrent Assets Other | 905M | 954M | 916M | 1.0B | 3.0B | 3.1B | |
Cash And Short Term Investments | 2.0B | 1.9B | 2.2B | 2.0B | 1.7B | 1.6B | |
Net Receivables | 4.2B | 3.9B | 4.7B | 6.3B | 6.7B | 7.1B | |
Common Stock Shares Outstanding | 1.6B | 1.5B | 1.5B | 1.4B | 1.3B | 1.3B | |
Liabilities And Stockholders Equity | 89.4B | 84.6B | 83.7B | 84.6B | 88.5B | 46.3B | |
Non Current Liabilities Total | 36.9B | 38.3B | 36.7B | 32.4B | 35.7B | 18.4B | |
Inventory | 3.8B | 3.6B | 4.1B | 5.1B | 5.4B | 5.6B | |
Other Stockholder Equity | 566M | 591M | 612M | 571M | 569M | 540.6M | |
Total Liab | 47.4B | 48.9B | 47.1B | 45.3B | 45.3B | 23.9B | |
Property Plant And Equipment Gross | 75.1B | 70.4B | 67.8B | 129.2B | 127.3B | 133.7B | |
Total Current Assets | 9.9B | 9.4B | 11.0B | 14.5B | 13.8B | 14.5B | |
Accumulated Other Comprehensive Income | 899M | 877M | 814M | 974M | 1.0B | 1.1B | |
Short Term Debt | 2.5B | 5.3B | 1.8B | 3.1B | 842M | 877.5M | |
Other Assets | 1.1B | 1.2B | 1.5B | 1.8B | 2.1B | 2.2B | |
Other Current Assets | 227M | 880M | 251M | 1.2B | 1.0B | 1.1B | |
Common Stock | 25.2B | 25.1B | 23.7B | 22.3B | 21.7B | 14.4B | |
Intangible Assets | 166M | 436M | 631M | 694M | 636M | 340.1M | |
Other Liab | 21.4B | 21.9B | 20.2B | 19.5B | 22.4B | 23.5B | |
Net Tangible Assets | 39.0B | 32.4B | 33.1B | 35.8B | 41.1B | 43.2B | |
Long Term Debt | 12.9B | 13.8B | 14.0B | 9.8B | 11.1B | 9.2B | |
Long Term Investments | 289M | 323M | 391M | 758M | 490M | 514.5M | |
Short Long Term Debt | 2.2B | 5.0B | 1.5B | 2.8B | 494M | 469.3M | |
Property Plant Equipment | 75.1B | 70.4B | 67.8B | 64.6B | 74.3B | 47.0B | |
Current Deferred Revenue | 425M | 535M | 1.2B | 41M | 47.2M | 44.8M | |
Long Term Debt Total | 15.5B | 16.4B | 16.5B | 12.5B | 14.4B | 14.3B | |
Capital Surpluse | 566M | 591M | 612M | 571M | 656.7M | 554.8M | |
Capital Lease Obligations | 2.9B | 2.9B | 2.9B | 3.0B | 3.8B | 2.2B |
Pair Trading with Suncor Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Suncor Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Suncor Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Suncor Stock
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The ability to find closely correlated positions to Suncor Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Suncor Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Suncor Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Suncor Energy to buy it.
The correlation of Suncor Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Suncor Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Suncor Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Suncor Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Suncor Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Suncor Stock please use our How to Invest in Suncor Energy guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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When running Suncor Energy's price analysis, check to measure Suncor Energy'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 Suncor Energy is operating at the current time. Most of Suncor Energy's value examination focuses on studying past and present price action to predict the probability of Suncor Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Suncor Energy's price. Additionally, you may evaluate how the addition of Suncor Energy to your portfolios can decrease your overall portfolio volatility.
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Is Suncor Energy'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 Suncor Energy. If investors know Suncor 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 Suncor Energy 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 (0.19) | Dividend Share 2.13 | Earnings Share 4.41 | Revenue Per Share 38.188 | Quarterly Revenue Growth 0.039 |
The market value of Suncor Energy is measured differently than its book value, which is the value of Suncor that is recorded on the company's balance sheet. Investors also form their own opinion of Suncor Energy's value that differs from its market value or its book value, called intrinsic value, which is Suncor Energy'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 Suncor Energy's market value can be influenced by many factors that don't directly affect Suncor Energy'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 Suncor Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Suncor Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Suncor Energy'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.