Summit Other Current Liab vs Intangible Assets 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 Other Current Liab and its Intangible Assets 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.

Other Current Liab vs Intangible Assets

Other Current Liab vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Materials Other Current Liab account and Intangible Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Summit Materials' Other Current Liab and Intangible Assets is 0.57. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Intangible Assets 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' Other Current Liab and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Summit Materials Cl are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Other Current Liab i.e., Summit Materials' Other Current Liab and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.57
Relationship DirectionPositive 
Relationship StrengthWeak

Other Current Liab

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
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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