Summit Capital Expenditures vs Net Income 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 Net Income 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 Net Income

Capital Expenditures vs Net Income 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 Net Income. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Summit Materials' Capital Expenditures and Net Income is 0.16. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income 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 Net Income 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 Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Capital Expenditures i.e., Summit Materials' Capital Expenditures and Net Income go up and down completely randomly.

Correlation Coefficient

0.16
Relationship DirectionPositive 
Relationship StrengthInsignificant

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.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Summit Materials financial statement analysis. It represents the amount of money remaining after all of Summit Materials Cl operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
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 Profit748.5M554.3M637.4M720.4M
Total Revenue2.3B1.6B1.9B2.2B

Summit Materials fundamental ratios Correlations

0.980.751.00.220.980.710.970.980.541.01.0-0.31-0.530.711.00.040.940.210.280.52-0.14-0.330.55
0.980.770.960.340.920.711.00.920.570.980.98-0.14-0.40.660.990.140.870.340.390.390.03-0.160.51
0.750.770.740.50.720.950.760.720.860.750.75-0.1-0.380.920.760.360.70.560.630.350.1-0.230.55
1.00.960.740.160.990.70.950.990.540.990.99-0.38-0.570.720.980.00.970.150.230.56-0.2-0.410.57
0.220.340.50.160.10.650.360.10.720.240.240.730.50.460.270.870.030.910.91-0.450.330.63-0.38
0.980.920.720.990.10.680.911.00.530.970.97-0.45-0.60.730.96-0.020.990.10.180.59-0.26-0.50.58
0.710.710.950.70.650.680.710.680.920.710.71-0.01-0.260.960.710.490.650.620.70.27-0.05-0.140.3
0.971.00.760.950.360.910.710.910.570.980.98-0.11-0.370.650.990.160.850.360.410.360.06-0.120.5
0.980.920.720.990.11.00.680.910.530.970.97-0.45-0.60.730.96-0.020.990.10.180.59-0.26-0.50.58
0.540.570.860.540.720.530.920.570.530.540.540.20.040.910.550.740.540.790.86-0.050.18-0.060.11
1.00.980.750.990.240.970.710.980.970.541.0-0.29-0.520.691.00.040.920.210.280.52-0.13-0.290.55
1.00.980.750.990.240.970.710.980.970.541.0-0.29-0.520.691.00.040.930.210.280.52-0.13-0.30.55
-0.31-0.14-0.1-0.380.73-0.45-0.01-0.11-0.450.2-0.29-0.290.92-0.21-0.240.76-0.490.750.67-0.90.680.91-0.65
-0.53-0.4-0.38-0.570.5-0.6-0.26-0.37-0.60.04-0.52-0.520.92-0.38-0.480.69-0.590.560.48-0.990.590.77-0.8
0.710.660.920.720.460.730.960.650.730.910.690.69-0.21-0.380.680.40.740.480.570.37-0.16-0.390.38
1.00.990.760.980.270.960.710.990.960.551.01.0-0.24-0.480.680.080.910.260.320.47-0.08-0.250.54
0.040.140.360.00.87-0.020.490.16-0.020.740.040.040.760.690.40.08-0.010.940.93-0.690.480.49-0.48
0.940.870.70.970.030.990.650.850.990.540.920.93-0.49-0.590.740.91-0.010.080.160.57-0.26-0.590.57
0.210.340.560.150.910.10.620.360.10.790.210.210.750.560.480.260.940.080.99-0.570.610.52-0.23
0.280.390.630.230.910.180.70.410.180.860.280.280.670.480.570.320.930.160.99-0.490.540.44-0.19
0.520.390.350.56-0.450.590.270.360.59-0.050.520.52-0.9-0.990.370.47-0.690.57-0.57-0.49-0.67-0.730.73
-0.140.030.1-0.20.33-0.26-0.050.06-0.260.18-0.13-0.130.680.59-0.16-0.080.48-0.260.610.54-0.670.530.0
-0.33-0.16-0.23-0.410.63-0.5-0.14-0.12-0.5-0.06-0.29-0.30.910.77-0.39-0.250.49-0.590.520.44-0.730.53-0.62
0.550.510.550.57-0.380.580.30.50.580.110.550.55-0.65-0.80.380.54-0.480.57-0.23-0.190.730.0-0.62
Click cells to compare fundamentals

Summit Materials Account Relationship Matchups

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