Smith Payables Turnover from 2010 to 2024

SMSI Stock  USD 0.86  0.03  3.61%   
Smith Micro's Payables Turnover is decreasing with slightly volatile movements from year to year. Payables Turnover is predicted to flatten to 3.17. Payables Turnover is a liquidity ratio that shows how quickly Smith Micro Software pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
4.18675654
Current Value
3.17
Quarterly Volatility
1.26082071
 
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Check Smith Micro financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Smith Micro's main balance sheet or income statement drivers, such as Depreciation And Amortization of 7.8 M, Interest Expense of 6.7 M or Total Revenue of 42.5 M, as well as many indicators such as Price To Sales Ratio of 1.23, Dividend Yield of 7.0E-4 or PTB Ratio of 0.67. Smith financial statements analysis is a perfect complement when working with Smith Micro Valuation or Volatility modules.
  
Check out the analysis of Smith Micro Correlation against competitors.

Latest Smith Micro's Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of Smith Micro Software over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. Smith Micro's Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Smith Micro's overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Slightly volatile
   Payables Turnover   
       Timeline  

Smith Payables Turnover Regression Statistics

Arithmetic Mean4.21
Geometric Mean4.02
Coefficient Of Variation29.95
Mean Deviation0.90
Median4.19
Standard Deviation1.26
Sample Variance1.59
Range4.4177
R-Value(0.62)
Mean Square Error1.06
R-Squared0.38
Significance0.01
Slope(0.17)
Total Sum of Squares22.26

Smith Payables Turnover History

2024 3.17
2023 4.19
2022 4.39
2021 3.85
2020 2.27
2019 1.92
2018 3.74

About Smith Micro Financial Statements

Investors use fundamental indicators, such as Smith Micro's Payables Turnover, to determine how well the company is positioned to perform in the future. Although Smith Micro's investors may analyze each financial statement separately, they are all interrelated. Understanding these patterns can help investors make the right trading decisions.
Last ReportedProjected for Next Year
Payables Turnover 4.19  3.17 

Currently Active Assets on Macroaxis

When determining whether Smith Micro Software offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Smith Micro'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 Smith Micro Software Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Smith Micro Software Stock:
Check out the analysis of Smith Micro Correlation against competitors.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Application Software 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 Smith Micro. If investors know Smith 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 Smith Micro 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
(0.84)
Earnings Share
(4.94)
Revenue Per Share
3.252
Quarterly Revenue Growth
(0.50)
Return On Assets
(0.19)
The market value of Smith Micro Software is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith Micro's value that differs from its market value or its book value, called intrinsic value, which is Smith Micro'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 Smith Micro's market value can be influenced by many factors that don't directly affect Smith Micro'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 Smith Micro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Micro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith Micro'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.