Summit Retained Earnings vs Total Assets Analysis
SUM Stock | USD 40.00 0.63 1.60% |
Summit Materials financial indicator trend analysis is much more than just breaking down Summit Materials prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Summit Materials is a good investment. Please check the relationship between Summit Materials Retained Earnings and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Materials. 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. To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.
Retained Earnings vs Total Assets
Retained Earnings vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Materials Retained Earnings account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Summit Materials' Retained Earnings and Total Assets is 0.8. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Assets in the same time period over historical financial statements of Summit Materials, assuming nothing else is changed. The correlation between historical values of Summit Materials' Retained Earnings 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 Retained Earnings of Summit Materials 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 Retained Earnings i.e., Summit Materials' Retained Earnings and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.Total Assets
Total assets refers to the total amount of Summit Materials 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 Summit Materials 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 Summit Materials' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Summit Materials 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 Summit Materials. 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. To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.At this time, Summit Materials' Selling General Administrative is very stable compared to the past year. As of the 28th of April 2024, Discontinued Operations is likely to grow to about 2.9 M, while Enterprise Value is likely to drop about 2.7 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 92.2M | 87.0M | 114.2M | 99.0M | Depreciation And Amortization | 247.2M | 209.2M | 217.6M | 177.8M |
Summit Materials fundamental ratios Correlations
Click cells to compare fundamentals
Summit Materials Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Summit Materials fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 114.6M | 116.6M | 120.7M | 120.6M | 119.8M | 91.5M | |
Total Assets | 4.1B | 4.3B | 4.2B | 4.3B | 5.1B | 3.6B | |
Short Long Term Debt Total | 1.9B | 1.9B | 1.6B | 1.5B | 2.3B | 1.7B | |
Other Current Liab | 152.7M | 170.8M | 160.6M | 133.7M | 186.9M | 141.8M | |
Total Current Liabilities | 299.3M | 322.7M | 309.1M | 255.8M | 323.0M | 274.9M | |
Total Stockholder Equity | 1.4B | 1.6B | 1.8B | 2.0B | 2.3B | 1.3B | |
Property Plant And Equipment Net | 1.8B | 1.9B | 1.9B | 1.9B | 2.0B | 1.7B | |
Current Deferred Revenue | 13.9M | 16.5M | 7.4M | 5.7M | 8.2M | 8.9M | |
Net Debt | 1.6B | 1.5B | 1.3B | 1.0B | 2.0B | 1.4B | |
Retained Earnings | 188.8M | 326.8M | 479.0M | 590.9M | 876.8M | 920.6M | |
Accounts Payable | 116.4M | 120.8M | 128.2M | 104.0M | 123.6M | 107.7M | |
Cash | 311.3M | 418.2M | 381.0M | 520.5M | 374.2M | 266.7M | |
Non Current Assets Total | 3.3B | 3.4B | 3.4B | 3.2B | 3.4B | 2.8B | |
Non Currrent Assets Other | 55.5M | 55M | 58.7M | 44.8M | 59.1M | 54.1M | |
Cash And Short Term Investments | 311.3M | 418.2M | 381.0M | 520.5M | 374.2M | 266.7M | |
Net Receivables | 266.3M | 263.4M | 294.8M | 263.2M | 287.3M | 230.1M | |
Good Will | 1.2B | 1.2B | 1.2B | 1.1B | 1.2B | 940.0M | |
Common Stock Total Equity | 1.1M | 1.1M | 1.2M | 1.2M | 1.1M | 1.0M | |
Liabilities And Stockholders Equity | 4.1B | 4.3B | 4.2B | 4.3B | 5.1B | 3.6B | |
Non Current Liabilities Total | 2.3B | 2.4B | 2.1B | 2.0B | 2.5B | 2.0B | |
Inventory | 204.8M | 200.3M | 180.8M | 212.5M | 241.4M | 185.8M | |
Other Current Assets | 13.8M | 11.4M | 13.1M | 20.8M | 829.4M | 870.8M | |
Other Stockholder Equity | 1.2B | 1.3B | 1.3B | 1.4B | 2.3B | 2.4B | |
Total Liab | 2.6B | 2.7B | 2.4B | 2.2B | 2.8B | 2.3B | |
Property Plant And Equipment Gross | 1.8B | 1.9B | 1.9B | 1.9B | 3.4B | 1.8B | |
Total Current Assets | 796.3M | 893.3M | 869.6M | 1.0B | 1.7B | 1.8B | |
Accumulated Other Comprehensive Income | 3.4M | 5.2M | 7.1M | 3.1M | 7.3M | 7.6M | |
Short Term Debt | 16.4M | 14.5M | 12.9M | 12.4M | 12.4M | 10.1M | |
Intangible Assets | 23.5M | 47.9M | 69.4M | 71.4M | 68.1M | 36.3M | |
Common Stock | 1.1M | 1.1M | 1.2M | 1.2M | 1.2M | 1.1M | |
Other Liab | 406.6M | 455.2M | 486.9M | 456.4M | 524.8M | 336.8M | |
Other Assets | 267.9M | 286.9M | 263.3M | 181.8M | 209.1M | 197.2M | |
Long Term Debt | 1.9B | 1.9B | 1.6B | 1.5B | 2.3B | 1.7B | |
Property Plant Equipment | 1.8B | 1.9B | 1.9B | 1.9B | 2.1B | 1.7B | |
Net Tangible Assets | 221.6M | 367.1M | 590.1M | 808.1M | 929.3M | 975.7M | |
Short Long Term Debt | 4.8M | 6.4M | 7.9M | 5.1M | 3.8M | 4.7M | |
Retained Earnings Total Equity | 188.8M | 326.8M | 479.0M | 590.9M | 679.5M | 713.5M | |
Long Term Debt Total | 1.9B | 1.9B | 1.6B | 1.5B | 1.7B | 1.8B | |
Capital Surpluse | 1.2B | 1.3B | 1.3B | 1.4B | 1.6B | 1.2B |
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When determining whether Summit Materials is a strong investment it is important to analyze Summit Materials' 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 Summit Materials' future performance. For an informed investment choice regarding Summit 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 Summit Materials. 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. To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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Is Summit Materials' 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 Summit Materials. If investors know Summit 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 Summit Materials 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 (0.90) | Earnings Share 2.39 | Revenue Per Share 22.004 | Quarterly Revenue Growth 0.195 | Return On Assets 0.0438 |
The market value of Summit Materials is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Materials' value that differs from its market value or its book value, called intrinsic value, which is Summit Materials' 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 Summit Materials' market value can be influenced by many factors that don't directly affect Summit Materials' 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 Summit Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Materials' 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.