Sims Net Income vs Research Development Analysis

SGM Stock

12.90 0.17 1.30%

Sims financial indicator trend analysis is much more than just breaking down Sims prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sims is a good investment. Please check the relationship between Sims Net Income and its Research Development accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sims. 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.

Net Income vs Research Development

Net Income vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sims Net Income account and Research Development. At this time, the significance of the direction appears to have no relationship.

The correlation between Sims' Net Income and Research Development is 0.02. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Research Development in the same time period over historical financial statements of Sims, assuming nothing else is changed. The correlation between historical values of Sims' Net Income and Research Development 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 Income of Sims are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Net Income i.e., Sims' Net Income and Research Development go up and down completely randomly.

Correlation Coefficient

0.02

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Sims financial statement analysis. It represents the amount of money remaining after all of Sims operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Research Development

Most indicators from Sims' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sims 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sims. 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.

Discontinued Operations is likely to gain to about 120.8 K in 2024, whereas Selling General Administrative is likely to drop slightly above 510.9 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	36.5M	35.4M	71.6M	75.2M
Depreciation And Amortization	222.3M	224.9M	231.6M	243.2M

Interest Expense Depreciation And Amortization

Sims fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock Total Equity	Other Stockholder Equity	Common Stock	Good Will
Total Assets		0.79	0.84	0.93	0.75	0.95	0.74	0.65	-0.02	0.68	0.2	0.99	0.01	0.35	0.73	0.15	0.76	0.66	0.94	0.89	0.98	0.07	0.81	-0.26	0.47	0.42
Short Long Term Debt Total	0.79		0.81	0.83	0.31	0.75	0.63	0.95	0.3	0.3	-0.18	0.79	0.14	0.0	0.34	0.08	0.86	0.35	0.94	0.91	0.76	0.56	0.33	-0.33	-0.07	0.21
Other Current Liab	0.84	0.81		0.96	0.38	0.76	0.94	0.73	0.06	0.29	0.01	0.83	0.23	0.23	0.49	0.17	0.86	0.27	0.91	0.84	0.88	0.27	0.58	-0.25	0.09	0.26
Total Current Liabilities	0.93	0.83	0.96		0.54	0.83	0.88	0.74	0.11	0.52	0.02	0.92	0.22	0.21	0.65	0.17	0.88	0.51	0.96	0.88	0.96	0.18	0.67	-0.26	0.23	0.38
Total Stockholder Equity	0.75	0.31	0.38	0.54		0.75	0.35	0.13	-0.26	0.85	0.46	0.73	-0.26	0.57	0.88	-0.23	0.27	0.83	0.54	0.53	0.71	-0.36	0.82	-0.17	0.87	0.34
Property Plant And Equipment Net	0.95	0.75	0.76	0.83	0.75		0.64	0.56	-0.22	0.57	0.36	0.92	-0.24	0.49	0.62	0.08	0.59	0.53	0.88	0.89	0.88	0.06	0.78	-0.41	0.51	0.17
Current Deferred Revenue	0.74	0.63	0.94	0.88	0.35	0.64		0.53	0.08	0.21	0.13	0.72	0.21	0.34	0.45	0.18	0.75	0.21	0.77	0.67	0.82	0.06	0.54	-0.11	0.07	0.33
Net Debt	0.65	0.95	0.73	0.74	0.13	0.56	0.53		0.42	0.22	-0.47	0.68	0.37	-0.3	0.25	0.11	0.89	0.28	0.85	0.76	0.63	0.7	0.2	-0.2	-0.21	0.28
Retained Earnings	-0.02	0.3	0.06	0.11	-0.26	-0.22	0.08	0.42		0.02	-0.49	0.0	0.48	-0.47	-0.13	0.07	0.39	0.13	0.14	0.08	0.04	0.23	-0.47	0.07	-0.6	0.37
Accounts Payable	0.68	0.3	0.29	0.52	0.85	0.57	0.21	0.22	0.02		0.12	0.67	0.02	0.16	0.88	-0.05	0.34	0.97	0.5	0.47	0.67	-0.31	0.69	-0.13	0.73	0.5
Cash	0.2	-0.18	0.01	0.02	0.46	0.36	0.13	-0.47	-0.49	0.12		0.1	-0.76	0.94	0.15	-0.07	-0.38	0.06	0.0	0.16	0.18	-0.65	0.33	-0.31	0.45	-0.29
Non Current Assets Total	0.99	0.79	0.83	0.92	0.73	0.92	0.72	0.68	0.0	0.67	0.1		0.11	0.25	0.71	0.19	0.8	0.66	0.93	0.85	0.95	0.14	0.81	-0.2	0.46	0.48
Non Currrent Assets Other	0.01	0.14	0.23	0.22	-0.26	-0.24	0.21	0.37	0.48	0.02	-0.76	0.11		-0.66	0.06	0.26	0.56	0.04	0.1	-0.08	0.1	0.43	-0.04	0.38	-0.28	0.52
Cash And Short Term Investments	0.35	0.0	0.23	0.21	0.57	0.49	0.34	-0.3	-0.47	0.16	0.94	0.25	-0.66		0.32	-0.27	-0.17	0.12	0.18	0.31	0.34	-0.54	0.41	-0.32	0.48	-0.26
Net Receivables	0.73	0.34	0.49	0.65	0.88	0.62	0.45	0.25	-0.13	0.88	0.15	0.71	0.06	0.32		-0.27	0.44	0.87	0.57	0.51	0.75	-0.26	0.78	-0.08	0.77	0.44
Common Stock Shares Outstanding	0.15	0.08	0.17	0.17	-0.23	0.08	0.18	0.11	0.07	-0.05	-0.07	0.19	0.26	-0.27	-0.27		0.23	-0.11	0.12	0.04	0.15	0.07	0.18	0.18	-0.18	0.38
Non Current Liabilities Total	0.76	0.86	0.86	0.88	0.27	0.59	0.75	0.89	0.39	0.34	-0.38	0.8	0.56	-0.17	0.44	0.23		0.38	0.86	0.72	0.79	0.5	0.43	-0.02	-0.04	0.54
Inventory	0.66	0.35	0.27	0.51	0.83	0.53	0.21	0.28	0.13	0.97	0.06	0.66	0.04	0.12	0.87	-0.11	0.38		0.51	0.46	0.65	-0.21	0.62	-0.03	0.67	0.58
Total Liab	0.94	0.94	0.91	0.96	0.54	0.88	0.77	0.85	0.14	0.5	0.0	0.93	0.1	0.18	0.57	0.12	0.86	0.51		0.95	0.93	0.32	0.6	-0.33	0.19	0.31
Property Plant And Equipment Gross	0.89	0.91	0.84	0.88	0.53	0.89	0.67	0.76	0.08	0.47	0.16	0.85	-0.08	0.31	0.51	0.04	0.72	0.46	0.95		0.87	0.29	0.51	-0.52	0.17	0.08
Total Current Assets	0.98	0.76	0.88	0.96	0.71	0.88	0.82	0.63	0.04	0.67	0.18	0.95	0.1	0.34	0.75	0.15	0.79	0.65	0.93	0.87		0.03	0.78	-0.24	0.42	0.45
Short Term Debt	0.07	0.56	0.27	0.18	-0.36	0.06	0.06	0.7	0.23	-0.31	-0.65	0.14	0.43	-0.54	-0.26	0.07	0.5	-0.21	0.32	0.29	0.03		-0.2	0.06	-0.45	0.0
Common Stock Total Equity	0.81	0.33	0.58	0.67	0.82	0.78	0.54	0.2	-0.47	0.69	0.33	0.81	-0.04	0.41	0.78	0.18	0.43	0.62	0.6	0.51	0.78	-0.2		-0.02	0.82	0.44
Other Stockholder Equity	-0.26	-0.33	-0.25	-0.26	-0.17	-0.41	-0.11	-0.2	0.07	-0.13	-0.31	-0.2	0.38	-0.32	-0.08	0.18	-0.02	-0.03	-0.33	-0.52	-0.24	0.06	-0.02		0.02	0.62
Common Stock	0.47	-0.07	0.09	0.23	0.87	0.51	0.07	-0.21	-0.6	0.73	0.45	0.46	-0.28	0.48	0.77	-0.18	-0.04	0.67	0.19	0.17	0.42	-0.45	0.82	0.02		0.25
Good Will	0.42	0.21	0.26	0.38	0.34	0.17	0.33	0.28	0.37	0.5	-0.29	0.48	0.52	-0.26	0.44	0.38	0.54	0.58	0.31	0.08	0.45	0.0	0.44	0.62	0.25

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Sims Account Relationship Matchups

Sims fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.2B	3.7B	4.4B	4.7B	4.9B	5.1B
Short Long Term Debt Total	480.4M	557.1M	701.7M	804.8M	949.3M	996.8M
Other Current Liab	217.7M	342M	422.4M	445.3M	792M	831.6M
Total Current Liabilities	535.6M	850.7M	1.0B	1.1B	1.4B	1.5B
Total Stockholder Equity	2.0B	2.1B	2.5B	2.7B	2.6B	1.5B
Property Plant And Equipment Net	1.5B	1.4B	1.6B	1.7B	1.6B	1.7B
Current Deferred Revenue	18.9M	31.6M	45M	61.6M	111.1M	116.7M
Net Debt	253.1M	316.8M	448.9M	496.1M	856.2M	899.0M
Retained Earnings	(1.0B)	(821.6M)	(371.4M)	(349M)	(478.6M)	(454.7M)
Accounts Payable	223.9M	392.4M	454M	471.2M	363.9M	282.2M
Cash	227.3M	240.3M	252.8M	308.7M	93.1M	132.8M
Non Current Assets Total	1.9B	1.9B	2.4B	2.5B	2.8B	2.9B
Non Currrent Assets Other	(221.9M)	(134.7M)	(161M)	(145.7M)	57.8M	60.7M
Cash And Short Term Investments	243.1M	254.1M	267.5M	329.8M	280.8M	143.7M
Net Receivables	269.6M	467.9M	498.9M	478.9M	617.3M	340.4M
Liabilities And Stockholders Equity	3.2B	3.7B	4.4B	4.7B	4.9B	5.1B
Non Current Liabilities Total	116.9M	232M	355.5M	444.2M	912.7M	958.3M
Inventory	334.3M	639.5M	763.8M	707.6M	603.7M	399.3M
Total Liab	1.2B	1.6B	1.9B	2.0B	2.3B	2.5B
Property Plant And Equipment Gross	1.5B	2.7B	3.0B	3.3B	3.0B	3.2B
Total Current Assets	974.8M	1.5B	1.8B	2.0B	2.1B	2.2B
Short Term Debt	(64.8M)	70.5M	68.5M	(12.8M)	73.5M	77.2M
Accumulated Other Comprehensive Income	266.9M	212.9M	325.7M	430.1M	448M	470.4M
Common Stock	2.7B	2.7B	2.6B	2.6B	2.6B	1.6B
Good Will	59.3M	79.9M	102.5M	111.3M	197.8M	286.0M
Intangible Assets	700K	13.1M	30.7M	36.7M	103.5M	130.2M
Short Term Investments	14.1M	3M	700K	1.2M	187.7M	197.1M
Other Current Assets	127.8M	171.8M	241.8M	445.1M	618.9M	649.8M
Other Liab	278.3M	289.4M	249.7M	232.8M	267.7M	281.1M
Other Assets	344.3M	239.5M	261.3M	248.8M	1.0	0.95
Long Term Debt	116.9M	232M	355.5M	444.2M	505M	530.3M
Property Plant Equipment	1.5B	1.4B	1.6B	1.7B	2.0B	2.1B
Net Tangible Assets	1.9B	2.0B	2.4B	2.5B	2.9B	2.1B
Long Term Investments	362.7M	452.1M	693.4M	632.5M	613.4M	419.3M
Long Term Debt Total	409.9M	488.6M	627M	722.7M	831.1M	872.7M

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