3M Total Assets vs Capital Surpluse Analysis
MMM Stock | USD 133.53 1.05 0.79% |
3M financial indicator trend analysis is way more than just evaluating 3M Company prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 3M Company is a good investment. Please check the relationship between 3M Total Assets and its Capital Surpluse accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Total Assets vs Capital Surpluse
Total Assets vs Capital Surpluse Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 3M Company Total Assets account and Capital Surpluse. At this time, the significance of the direction appears to have very strong relationship.
The correlation between 3M's Total Assets and Capital Surpluse is 0.84. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of 3M Company, assuming nothing else is changed. The correlation between historical values of 3M's Total Assets and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of 3M Company are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Total Assets i.e., 3M's Total Assets and Capital Surpluse go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of 3M assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in 3M Company books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Capital Surpluse
Most indicators from 3M's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 3M Company 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. At this time, 3M's Selling General Administrative is very stable compared to the past year. As of the 1st of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.69, while Issuance Of Capital Stock is likely to drop about 567.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 16.6B | 15.0B | 14.2B | 11.0B | Total Revenue | 35.4B | 34.2B | 32.7B | 23.6B |
3M fundamental ratios Correlations
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3M Account Relationship Matchups
High Positive Relationship
High Negative Relationship
3M fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 44.7B | 47.3B | 47.1B | 46.5B | 50.6B | 25.6B | |
Short Long Term Debt Total | 20.6B | 19.1B | 17.6B | 16.2B | 16.9B | 17.7B | |
Other Current Liab | 3.5B | 3.5B | 3.7B | 3.3B | 7.7B | 8.1B | |
Total Current Liabilities | 9.2B | 7.9B | 9.0B | 9.5B | 15.3B | 16.1B | |
Total Stockholder Equity | 10.1B | 12.9B | 15.1B | 14.8B | 4.8B | 4.6B | |
Property Plant And Equipment Net | 10.2B | 10.3B | 10.3B | 10.0B | 9.9B | 7.1B | |
Net Debt | 18.2B | 14.4B | 13.1B | 12.5B | 10.9B | 11.5B | |
Retained Earnings | 42.1B | 43.8B | 45.8B | 48.0B | 37.5B | 22.7B | |
Cash | 2.4B | 4.6B | 4.6B | 3.7B | 5.9B | 6.2B | |
Non Current Assets Total | 31.7B | 32.4B | 31.7B | 31.8B | 34.2B | 35.9B | |
Non Currrent Assets Other | 957M | 1.4B | 1.8B | 2.3B | 2.0B | 1.3B | |
Cash And Short Term Investments | 2.5B | 5.0B | 4.8B | 3.9B | 6.0B | 6.3B | |
Net Receivables | 4.8B | 4.7B | 4.7B | 4.5B | 4.8B | 3.6B | |
Common Stock Shares Outstanding | 585.1M | 582.2M | 585.3M | 567.6M | 553.9M | 606.9M | |
Liabilities And Stockholders Equity | 44.7B | 47.3B | 47.1B | 46.5B | 50.6B | 25.6B | |
Non Current Liabilities Total | 25.3B | 26.5B | 22.9B | 22.2B | 30.4B | 31.9B | |
Inventory | 4.1B | 4.2B | 5.0B | 5.4B | 4.8B | 3.2B | |
Other Current Assets | 349M | 891M | 1B | 993M | 821M | 896.6M | |
Other Stockholder Equity | (23.9B) | (23.2B) | (24.0B) | (26.6B) | (25.9B) | (24.6B) | |
Total Liab | 34.5B | 34.4B | 32.0B | 31.7B | 45.7B | 48.0B | |
Total Current Assets | 13.0B | 15.0B | 15.4B | 14.7B | 16.4B | 10.0B | |
Short Term Debt | 3.0B | 1.1B | 1.6B | 2.2B | 3.2B | 3.3B | |
Accounts Payable | 2.2B | 2.6B | 3.0B | 3.2B | 3.2B | 1.6B | |
Property Plant And Equipment Gross | 10.2B | 10.3B | 10.3B | 26.0B | 27.6B | 29.0B | |
Accumulated Other Comprehensive Income | (8.1B) | (7.7B) | (6.8B) | (6.7B) | (6.8B) | (6.4B) | |
Current Deferred Revenue | 430M | 498M | 529M | 538M | 572M | 367.8M | |
Short Term Investments | 98M | 404M | 201M | 238M | 53M | 50.4M | |
Intangible Assets | 6.4B | 5.8B | 5.3B | 4.7B | 4.2B | 2.5B | |
Other Liab | 7.1B | 8.5B | 6.9B | 7.5B | 8.6B | 4.8B | |
Long Term Debt | 17.5B | 18.0B | 16.1B | 14.0B | 13.1B | 7.9B | |
Treasury Stock | (29.6B) | (29.8B) | (29.4B) | (30.5B) | (27.4B) | (26.0B) | |
Property Plant Equipment | 9.3B | 9.4B | 10.3B | 10.0B | 11.5B | 8.3B | |
Good Will | 13.4B | 13.8B | 13.5B | 12.8B | 12.9B | 8.3B | |
Net Tangible Assets | (9.8B) | (6.8B) | (3.7B) | (2.8B) | (2.5B) | (2.4B) | |
Noncontrolling Interest In Consolidated Entity | 63M | 64M | 71M | 48M | 43.2M | 41.0M | |
Retained Earnings Total Equity | 42.1B | 43.8B | 45.8B | 48.0B | 55.1B | 40.0B | |
Capital Surpluse | 5.9B | 6.2B | 6.4B | 6.7B | 7.7B | 5.4B |
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Is Industrial Conglomerates space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 3M. If investors know 3M will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 3M listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 4.41 | Earnings Share 9.61 | Revenue Per Share 58.972 | Quarterly Revenue Growth 0.004 |
The market value of 3M Company is measured differently than its book value, which is the value of 3M that is recorded on the company's balance sheet. Investors also form their own opinion of 3M's value that differs from its market value or its book value, called intrinsic value, which is 3M's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 3M's market value can be influenced by many factors that don't directly affect 3M's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 3M's value and its price as these two are different measures arrived at by different means. Investors typically determine if 3M is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3M's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.