Summit Return On Equity from 2010 to 2024
| SMC Stock | 36.48 0.14 0.39% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (0.05) | Current Value (0.06) | Quarterly Volatility 0.23533956 |
Check Summit Midstream financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Summit Midstream's main balance sheet or income statement drivers, such as Depreciation And Amortization of 130.8 M, Selling General Administrative of 42.5 M or Selling And Marketing Expenses of 3.2 M, as well as many indicators such as Price To Sales Ratio of 0.79, Dividend Yield of 0.0179 or PTB Ratio of 0.5. Summit financial statements analysis is a perfect complement when working with Summit Midstream Valuation or Volatility modules.
Summit | Return On Equity |
Latest Summit Midstream's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Summit Midstream over the last few years. Return on Equity is the amount of Summit Midstream net income returned as a percentage of Summit Midstream equity. Return on equity measures Summit Midstream profitability by revealing how much profit Summit Midstream generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Summit Midstream's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Summit Midstream's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.11 | 10 Years Trend |
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Return On Equity |
| Timeline |
Summit Return On Equity Regression Statistics
| Arithmetic Mean | (0.33) | |
| Coefficient Of Variation | (72.29) | |
| Mean Deviation | 0.13 | |
| Median | (0.36) | |
| Standard Deviation | 0.24 | |
| Sample Variance | 0.06 | |
| Range | 1.0117 | |
| R-Value | 0.28 | |
| Mean Square Error | 0.05 | |
| R-Squared | 0.08 | |
| Significance | 0.31 | |
| Slope | 0.01 | |
| Total Sum of Squares | 0.78 |
Summit Return On Equity History
About Summit Midstream Financial Statements
Summit Midstream stakeholders use historical fundamental indicators, such as Summit Midstream's Return On Equity, to determine how well the company is positioned to perform in the future. Although Summit Midstream investors may analyze each financial statement separately, they are all interrelated. For example, changes in Summit Midstream's assets and liabilities are reflected in the revenues and expenses on Summit Midstream's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Summit Midstream. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.05) | (0.06) |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Summit Midstream offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit Midstream'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 Summit Midstream Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit Midstream Stock:Check out the analysis of Summit Midstream Correlation against competitors. For information on how to trade Summit Stock refer to our How to Trade Summit Stock guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Oil & Gas Storage & Transportation space 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 Midstream. 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 Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 6.19 | Revenue Per Share 44.885 | Quarterly Revenue Growth 0.035 | Return On Assets 0.0226 | Return On Equity 0.1084 |
The market value of Summit Midstream 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 Midstream's value that differs from its market value or its book value, called intrinsic value, which is Summit Midstream'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 Summit Midstream's market value can be influenced by many factors that don't directly affect Summit Midstream'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 Summit Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Midstream'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.