Summit Capital Expenditures vs Change To Liabilities Analysis

0LAI Stock

50.97 0.06 0.12%

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 Capital Expenditures and its Change To Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Summit Materials Cl. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Summit Stock please use our How to Invest in Summit Materials guide.

Capital Expenditures vs Change To Liabilities

Capital Expenditures vs Change To Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Materials Capital Expenditures account and Change To Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Summit Materials' Capital Expenditures and Change To Liabilities is -0.19. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change To Liabilities in the same time period over historical financial statements of Summit Materials Cl, assuming nothing else is changed. The correlation between historical values of Summit Materials' Capital Expenditures and Change To Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Summit Materials Cl are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Capital Expenditures i.e., Summit Materials' Capital Expenditures and Change To Liabilities go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Summit Materials to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Summit Materials operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Change To Liabilities

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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Summit Materials Cl. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Summit Stock please use our How to Invest in Summit Materials guide.Selling General Administrative is likely to gain to about 280.4 M in 2024, whereas Tax Provision is likely to drop (6.4 M) in 2024.

	2010	2016	2023	2024 (projected)
Gross Profit	748.5M	554.3M	637.4M	720.4M
Total Revenue	2.3B	1.6B	1.9B	2.2B

Gross Profit Total Revenue

Summit Materials fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Cash	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Other Current Liab	Other Liab	Net Tangible Assets	Accounts Payable
Total Assets		0.98	0.75	1.0	0.22	0.98	0.71	0.97	0.98	0.54	1.0	1.0	-0.31	-0.53	0.71	1.0	0.04	0.94	0.21	0.28	0.52	-0.14	-0.33	0.55
Short Long Term Debt Total	0.98		0.77	0.96	0.34	0.92	0.71	1.0	0.92	0.57	0.98	0.98	-0.14	-0.4	0.66	0.99	0.14	0.87	0.34	0.39	0.39	0.03	-0.16	0.51
Total Current Liabilities	0.75	0.77		0.74	0.5	0.72	0.95	0.76	0.72	0.86	0.75	0.75	-0.1	-0.38	0.92	0.76	0.36	0.7	0.56	0.63	0.35	0.1	-0.23	0.55
Total Stockholder Equity	1.0	0.96	0.74		0.16	0.99	0.7	0.95	0.99	0.54	0.99	0.99	-0.38	-0.57	0.72	0.98	0.0	0.97	0.15	0.23	0.56	-0.2	-0.41	0.57
Retained Earnings	0.22	0.34	0.5	0.16		0.1	0.65	0.36	0.1	0.72	0.24	0.24	0.73	0.5	0.46	0.27	0.87	0.03	0.91	0.91	-0.45	0.33	0.63	-0.38
Cash	0.98	0.92	0.72	0.99	0.1		0.68	0.91	1.0	0.53	0.97	0.97	-0.45	-0.6	0.73	0.96	-0.02	0.99	0.1	0.18	0.59	-0.26	-0.5	0.58
Other Assets	0.71	0.71	0.95	0.7	0.65	0.68		0.71	0.68	0.92	0.71	0.71	-0.01	-0.26	0.96	0.71	0.49	0.65	0.62	0.7	0.27	-0.05	-0.14	0.3
Long Term Debt	0.97	1.0	0.76	0.95	0.36	0.91	0.71		0.91	0.57	0.98	0.98	-0.11	-0.37	0.65	0.99	0.16	0.85	0.36	0.41	0.36	0.06	-0.12	0.5
Cash And Short Term Investments	0.98	0.92	0.72	0.99	0.1	1.0	0.68	0.91		0.53	0.97	0.97	-0.45	-0.6	0.73	0.96	-0.02	0.99	0.1	0.18	0.59	-0.26	-0.5	0.58
Net Receivables	0.54	0.57	0.86	0.54	0.72	0.53	0.92	0.57	0.53		0.54	0.54	0.2	0.04	0.91	0.55	0.74	0.54	0.79	0.86	-0.05	0.18	-0.06	0.11
Good Will	1.0	0.98	0.75	0.99	0.24	0.97	0.71	0.98	0.97	0.54		1.0	-0.29	-0.52	0.69	1.0	0.04	0.92	0.21	0.28	0.52	-0.13	-0.29	0.55
Capital Surpluse	1.0	0.98	0.75	0.99	0.24	0.97	0.71	0.98	0.97	0.54	1.0		-0.29	-0.52	0.69	1.0	0.04	0.93	0.21	0.28	0.52	-0.13	-0.3	0.55
Inventory	-0.31	-0.14	-0.1	-0.38	0.73	-0.45	-0.01	-0.11	-0.45	0.2	-0.29	-0.29		0.92	-0.21	-0.24	0.76	-0.49	0.75	0.67	-0.9	0.68	0.91	-0.65
Other Current Assets	-0.53	-0.4	-0.38	-0.57	0.5	-0.6	-0.26	-0.37	-0.6	0.04	-0.52	-0.52	0.92		-0.38	-0.48	0.69	-0.59	0.56	0.48	-0.99	0.59	0.77	-0.8
Other Stockholder Equity	0.71	0.66	0.92	0.72	0.46	0.73	0.96	0.65	0.73	0.91	0.69	0.69	-0.21	-0.38		0.68	0.4	0.74	0.48	0.57	0.37	-0.16	-0.39	0.38
Total Liab	1.0	0.99	0.76	0.98	0.27	0.96	0.71	0.99	0.96	0.55	1.0	1.0	-0.24	-0.48	0.68		0.08	0.91	0.26	0.32	0.47	-0.08	-0.25	0.54
Total Current Assets	0.04	0.14	0.36	0.0	0.87	-0.02	0.49	0.16	-0.02	0.74	0.04	0.04	0.76	0.69	0.4	0.08		-0.01	0.94	0.93	-0.69	0.48	0.49	-0.48
Intangible Assets	0.94	0.87	0.7	0.97	0.03	0.99	0.65	0.85	0.99	0.54	0.92	0.93	-0.49	-0.59	0.74	0.91	-0.01		0.08	0.16	0.57	-0.26	-0.59	0.57
Common Stock	0.21	0.34	0.56	0.15	0.91	0.1	0.62	0.36	0.1	0.79	0.21	0.21	0.75	0.56	0.48	0.26	0.94	0.08		0.99	-0.57	0.61	0.52	-0.23
Property Plant Equipment	0.28	0.39	0.63	0.23	0.91	0.18	0.7	0.41	0.18	0.86	0.28	0.28	0.67	0.48	0.57	0.32	0.93	0.16	0.99		-0.49	0.54	0.44	-0.19
Other Current Liab	0.52	0.39	0.35	0.56	-0.45	0.59	0.27	0.36	0.59	-0.05	0.52	0.52	-0.9	-0.99	0.37	0.47	-0.69	0.57	-0.57	-0.49		-0.67	-0.73	0.73
Other Liab	-0.14	0.03	0.1	-0.2	0.33	-0.26	-0.05	0.06	-0.26	0.18	-0.13	-0.13	0.68	0.59	-0.16	-0.08	0.48	-0.26	0.61	0.54	-0.67		0.53	0.0
Net Tangible Assets	-0.33	-0.16	-0.23	-0.41	0.63	-0.5	-0.14	-0.12	-0.5	-0.06	-0.29	-0.3	0.91	0.77	-0.39	-0.25	0.49	-0.59	0.52	0.44	-0.73	0.53		-0.62
Accounts Payable	0.55	0.51	0.55	0.57	-0.38	0.58	0.3	0.5	0.58	0.11	0.55	0.55	-0.65	-0.8	0.38	0.54	-0.48	0.57	-0.23	-0.19	0.73	0.0	-0.62

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Summit Materials Account Relationship Matchups

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Summit Capital Expenditures vs Change To Liabilities Analysis

Capital Expenditures vs Change To Liabilities

Capital Expenditures vs Change To Liabilities Correlation Analysis

Correlation Coefficient

Capital Expenditures

Change To Liabilities

Summit Materials fundamental ratios Correlations

Summit Materials Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Total Stockholder Equity	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Capital Surpluse	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash

Other Current Liab	- 0.99	Other Current Assets
Other Current Liab	- 0.9	Inventory
Accounts Payable	- 0.8	Other Current Assets
Net Tangible Assets	- 0.73	Other Current Liab
Other Current Liab	- 0.69	Total Current Assets
Other Liab	- 0.67	Other Current Liab