Summit Net Receivables vs Other Stockholder Equity 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 Net Receivables and its Other Stockholder Equity 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.

Net Receivables vs Other Stockholder Equity

Net Receivables vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Materials Net Receivables account and Other Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Summit Materials' Net Receivables and Other Stockholder Equity is 0.91. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Other Stockholder Equity 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' Net Receivables and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Summit Materials Cl are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Net Receivables i.e., Summit Materials' Net Receivables and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Receivables

Other Stockholder Equity

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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