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 Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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 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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When running Summit Materials' price analysis, check to measure Summit Materials' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Materials is operating at the current time. Most of Summit Materials' value examination focuses on studying past and present price action to predict the probability of Summit Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Materials' price. Additionally, you may evaluate how the addition of Summit Materials to your portfolios can decrease your overall portfolio volatility.

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Summit Net Receivables vs Other Stockholder Equity Analysis

Net Receivables vs Other Stockholder Equity

Net Receivables vs Other Stockholder Equity Correlation Analysis

Correlation Coefficient

Net Receivables

Other Stockholder Equity

Summit Materials fundamental ratios Correlations

Summit Materials Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Summit Stock Analysis

COMMON DESTINATIONS

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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