Sunoco Inventory vs Cash And Short Term Investments Analysis
SUN Stock | USD 53.82 0.57 1.07% |
Sunoco LP financial indicator trend analysis is much more than just breaking down Sunoco LP prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sunoco LP is a good investment. Please check the relationship between Sunoco LP Inventory and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sunoco LP. 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 Sunoco Stock, please use our How to Invest in Sunoco LP guide.
Inventory vs Cash And Short Term Investments
Inventory vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sunoco LP Inventory account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Sunoco LP's Inventory and Cash And Short Term Investments is 0.46. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Sunoco LP, assuming nothing else is changed. The correlation between historical values of Sunoco LP's Inventory and Cash And Short Term Investments 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 of Sunoco LP are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Inventory i.e., Sunoco LP's Inventory and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Inventory
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Sunoco LP balance sheet. This account contains Sunoco LP investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Sunoco LP fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Sunoco LP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sunoco LP 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 Sunoco LP. 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 Sunoco Stock, please use our How to Invest in Sunoco LP guide.At this time, Sunoco LP's Tax Provision is very stable compared to the past year. As of the 20th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.01, while Selling General Administrative is likely to drop about 173.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 163M | 182M | 220M | 122.7M | Depreciation And Amortization | 177M | 193M | 187M | 151.7M |
Sunoco LP fundamental ratios Correlations
Click cells to compare fundamentals
Sunoco LP Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sunoco LP fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.4B | 5.3B | 5.8B | 6.8B | 6.9B | 5.1B | |
Other Current Liab | 55M | 47M | 56M | 419M | 171M | 110.2M | |
Total Current Liabilities | 744M | 653M | 890M | 1.4B | 1.4B | 758.9M | |
Total Stockholder Equity | 758M | 632M | 811M | 942M | 978M | 814.9M | |
Other Liab | 346M | 338M | 344M | 383M | 440.5M | 345.5M | |
Accounts Payable | 445M | 267M | 515M | 966M | 998M | 1.0B | |
Cash | 21M | 97M | 25M | 82M | 29M | 48.5M | |
Other Assets | 194M | 168M | 188M | 236M | 271.4M | 387.2M | |
Long Term Debt | 3.1B | 3.1B | 3.2B | 3.6B | 3.6B | 2.5B | |
Good Will | 1.6B | 1.6B | 1.6B | 1.6B | 1.6B | 1.4B | |
Common Stock Shares Outstanding | 83.6M | 83.7M | 84.4M | 84.8M | 85.1M | 68.6M | |
Inventory | 419M | 382M | 534M | 821M | 889M | 933.5M | |
Other Current Assets | 73M | 62M | 95M | 175M | 133M | 70.5M | |
Total Liab | 4.7B | 4.6B | 5.0B | 5.9B | 5.9B | 3.8B | |
Intangible Assets | 708M | 646M | 588M | 542M | 544M | 563.7M | |
Property Plant Equipment | 1.4B | 1.4B | 2.2B | 1.8B | 2.0B | 1.5B | |
Short Long Term Debt Total | 3.6B | 3.7B | 3.8B | 4.1B | 4.1B | 2.9B | |
Property Plant And Equipment Net | 2.0B | 2.0B | 2.2B | 2.3B | 2.3B | 1.8B | |
Current Deferred Revenue | 213M | 314M | 294M | 182M | 209.3M | 220.5M | |
Net Debt | 3.6B | 3.6B | 3.8B | 4.0B | 4.1B | 2.9B | |
Non Current Assets Total | 4.5B | 4.4B | 4.6B | 4.8B | 4.9B | 4.1B | |
Non Currrent Assets Other | 152M | 144M | 170M | 211M | 290M | 304.5M | |
Cash And Short Term Investments | 21M | 97M | 25M | 82M | 29M | 51.8M | |
Liabilities And Stockholders Equity | 5.4B | 5.3B | 5.8B | 6.8B | 6.9B | 4.6B | |
Non Current Liabilities Total | 3.9B | 4.0B | 4.1B | 4.5B | 4.5B | 3.3B | |
Other Stockholder Equity | 758M | 632M | 811M | (1.3B) | 978M | 1.0B | |
Property Plant And Equipment Gross | 1.5B | 1.4B | 2.6B | 2.8B | 3.5B | 1.9B | |
Total Current Assets | 924M | 847M | 1.2B | 2.0B | 1.9B | 1.3B | |
Net Tangible Assets | (1.4B) | (1.5B) | (1.3B) | (1.2B) | (1.1B) | (1.2B) | |
Long Term Debt Total | 3.1B | 3.1B | 3.2B | 3.6B | 4.1B | 3.3B | |
Deferred Long Term Liab | 103M | 109M | 104M | 3M | 3.5M | 3.3M | |
Non Current Liabilities Other | 767M | 772M | 521M | 227M | 20M | 19M | |
Common Stock | 758M | 632M | 811M | 942M | 978M | 1.1B |
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Try AI Portfolio ArchitectCheck out World Market Map to better understand how to build diversified portfolios, which includes a position in Sunoco LP. 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 Sunoco Stock, please use our How to Invest in Sunoco LP 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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Is Sunoco LP'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 Sunoco LP. If investors know Sunoco 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 Sunoco LP 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 0.603 | Dividend Share 3.402 | Earnings Share 4.5 | Revenue Per Share 275.684 | Quarterly Revenue Growth 0.026 |
The market value of Sunoco LP is measured differently than its book value, which is the value of Sunoco that is recorded on the company's balance sheet. Investors also form their own opinion of Sunoco LP's value that differs from its market value or its book value, called intrinsic value, which is Sunoco LP'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 Sunoco LP's market value can be influenced by many factors that don't directly affect Sunoco LP'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 Sunoco LP's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sunoco LP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sunoco LP'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.