Summit Property Plant Equipment vs Net Receivables Analysis

SMM Stock

0.01 0 6.25%

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

Property Plant Equipment vs Net Receivables

Property Plant Equipment vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Resources Property Plant Equipment account and Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Summit Resources' Property Plant Equipment and Net Receivables is -0.28. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Summit Resources Limited, assuming nothing else is changed. The correlation between historical values of Summit Resources' Property Plant Equipment and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Summit Resources Limited are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Property Plant Equipment i.e., Summit Resources' Property Plant Equipment and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Property Plant Equipment

Net Receivables

Most indicators from Summit Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Summit Resources 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 Summit Resources Limited. 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.

At this time, Summit Resources' Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 4.4 M in 2024, despite the fact that Tax Provision is likely to grow to (2.3 M).

Summit Resources fundamental ratios Correlations

	Total Assets	Retained Earnings	Cash	Total Current Assets	Common Stock	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Property Plant Equipment	Other Current Assets	Other Current Liab	Property Plant And Equipment Net	Non Current Assets Total	Common Stock Shares Outstanding	Non Current Liabilities Total	Net Invested Capital	Long Term Investments	Property Plant And Equipment Gross	Capital Stock	Net Working Capital	Non Currrent Assets Other	Capital Lease Obligations
Total Assets		-0.8	-0.13	0.17	-0.57	-0.76	1.0	0.71	-0.59	0.64	0.73	-0.75	-0.62	0.86	-0.98	-0.12	-0.13	-0.61	-0.37	0.15	-0.71	-0.12	-0.65	0.67	-0.53	0.63
Retained Earnings	-0.8		0.3	0.02	-0.01	0.85	-0.8	-0.19	0.93	-0.56	-0.62	0.73	0.08	-0.76	0.83	0.51	0.51	0.06	0.2	0.4	0.3	0.51	0.35	-0.55	0.13	-0.27
Cash	-0.13	0.3		0.89	-0.17	-0.08	-0.13	0.23	0.25	0.23	0.28	0.02	-0.13	0.05	0.11	-0.15	-0.15	-0.19	-0.13	-0.04	-0.27	-0.15	-0.26	0.33	-0.16	0.25
Total Current Assets	0.17	0.02	0.89		-0.28	-0.33	0.17	0.41	0.06	0.56	0.64	-0.24	-0.27	0.39	-0.18	-0.22	-0.23	-0.31	-0.24	-0.06	-0.43	-0.22	-0.42	0.49	-0.3	0.39
Common Stock	-0.57	-0.01	-0.17	-0.28		0.16	-0.56	-0.85	-0.24	-0.26	-0.32	0.36	0.99	-0.38	0.51	-0.4	-0.38	0.95	0.4	-0.72	0.85	-0.4	0.72	-0.44	0.82	-0.75
Total Current Liabilities	-0.76	0.85	-0.08	-0.33	0.16		-0.78	-0.34	0.86	-0.58	-0.65	0.81	0.24	-0.82	0.84	0.67	0.68	0.27	0.37	0.46	0.59	0.67	0.64	-0.87	0.33	-0.58
Total Stockholder Equity	1.0	-0.8	-0.13	0.17	-0.56	-0.78		0.71	-0.6	0.63	0.73	-0.8	-0.62	0.87	-0.99	-0.17	-0.18	-0.63	-0.43	0.12	-0.73	-0.17	-0.69	0.7	-0.57	0.66
Net Tangible Assets	0.71	-0.19	0.23	0.41	-0.85	-0.34	0.71		0.06	0.47	0.56	-0.42	-0.83	0.58	-0.67	0.25	0.23	-0.92	-0.42	0.57	-0.8	0.25	-0.67	0.55	-0.67	0.77
Accounts Payable	-0.59	0.93	0.25	0.06	-0.24	0.86	-0.6	0.06		-0.39	-0.43	0.62	-0.15	-0.61	0.66	0.69	0.69	-0.16	0.09	0.65	0.16	0.69	0.24	-0.54	-0.06	-0.18
Net Receivables	0.64	-0.56	0.23	0.56	-0.26	-0.58	0.63	0.47	-0.39		0.84	-0.57	-0.28	0.73	-0.62	-0.25	-0.26	-0.28	-0.28	-0.09	-0.42	-0.25	-0.43	0.46	-0.33	0.38
Short Term Investments	0.73	-0.62	0.28	0.64	-0.32	-0.65	0.73	0.56	-0.43	0.84		-0.62	-0.37	0.81	-0.72	-0.25	-0.26	-0.37	-0.32	-0.06	-0.49	-0.25	-0.49	0.54	-0.37	0.46
Total Liab	-0.75	0.73	0.02	-0.24	0.36	0.81	-0.8	-0.42	0.62	-0.57	-0.62		0.43	-0.76	0.84	0.6	0.62	0.47	0.79	0.28	0.7	0.6	0.83	-0.74	0.71	-0.7
Property Plant Equipment	-0.62	0.08	-0.13	-0.27	0.99	0.24	-0.62	-0.83	-0.15	-0.28	-0.37	0.43		-0.46	0.57	-0.34	-0.32	0.94	0.43	-0.66	0.87	-0.34	0.75	-0.48	0.83	-0.77
Other Current Assets	0.86	-0.76	0.05	0.39	-0.38	-0.82	0.87	0.58	-0.61	0.73	0.81	-0.76	-0.46		-0.87	-0.31	-0.32	-0.45	-0.39	-0.07	-0.59	-0.31	-0.6	0.65	-0.44	0.56
Other Current Liab	-0.98	0.83	0.11	-0.18	0.51	0.84	-0.99	-0.67	0.66	-0.62	-0.72	0.84	0.57	-0.87		0.28	0.3	0.6	0.47	-0.01	0.74	0.28	0.72	-0.76	0.56	-0.69
Property Plant And Equipment Net	-0.12	0.51	-0.15	-0.22	-0.4	0.67	-0.17	0.25	0.69	-0.25	-0.25	0.6	-0.34	-0.31	0.28		1.0	-0.23	0.44	0.91	0.12	1.0	0.34	-0.54	0.07	-0.23
Non Current Assets Total	-0.13	0.51	-0.15	-0.23	-0.38	0.68	-0.18	0.23	0.69	-0.26	-0.26	0.62	-0.32	-0.32	0.3	1.0		-0.21	0.46	0.9	0.15	1.0	0.37	-0.55	0.09	-0.25
Common Stock Shares Outstanding	-0.61	0.06	-0.19	-0.31	0.95	0.27	-0.63	-0.92	-0.16	-0.28	-0.37	0.47	0.94	-0.45	0.6	-0.23	-0.21		0.57	-0.6	0.9	-0.23	0.81	-0.56	0.85	-0.86
Non Current Liabilities Total	-0.37	0.2	-0.13	-0.24	0.4	0.37	-0.43	-0.42	0.09	-0.28	-0.32	0.79	0.43	-0.39	0.47	0.44	0.46	0.57		0.09	0.63	0.44	0.79	-0.49	0.84	-0.7
Net Invested Capital	0.15	0.4	-0.04	-0.06	-0.72	0.46	0.12	0.57	0.65	-0.09	-0.06	0.28	-0.66	-0.07	-0.01	0.91	0.9	-0.6	0.09		-0.26	0.91	-0.05	-0.22	-0.32	0.14
Long Term Investments	-0.71	0.3	-0.27	-0.43	0.85	0.59	-0.73	-0.8	0.16	-0.42	-0.49	0.7	0.87	-0.59	0.74	0.12	0.15	0.9	0.63	-0.26		0.12	0.96	-0.83	0.87	-0.94
Property Plant And Equipment Gross	-0.12	0.51	-0.15	-0.22	-0.4	0.67	-0.17	0.25	0.69	-0.25	-0.25	0.6	-0.34	-0.31	0.28	1.0	1.0	-0.23	0.44	0.91	0.12		0.34	-0.54	0.07	-0.23
Capital Stock	-0.65	0.35	-0.26	-0.42	0.72	0.64	-0.69	-0.67	0.24	-0.43	-0.49	0.83	0.75	-0.6	0.72	0.34	0.37	0.81	0.79	-0.05	0.96	0.34		-0.83	0.91	-0.94
Net Working Capital	0.67	-0.55	0.33	0.49	-0.44	-0.87	0.7	0.55	-0.54	0.46	0.54	-0.74	-0.48	0.65	-0.76	-0.54	-0.55	-0.56	-0.49	-0.22	-0.83	-0.54	-0.83		-0.55	0.78
Non Currrent Assets Other	-0.53	0.13	-0.16	-0.3	0.82	0.33	-0.57	-0.67	-0.06	-0.33	-0.37	0.71	0.83	-0.44	0.56	0.07	0.09	0.85	0.84	-0.32	0.87	0.07	0.91	-0.55		-0.84
Capital Lease Obligations	0.63	-0.27	0.25	0.39	-0.75	-0.58	0.66	0.77	-0.18	0.38	0.46	-0.7	-0.77	0.56	-0.69	-0.23	-0.25	-0.86	-0.7	0.14	-0.94	-0.23	-0.94	0.78	-0.84

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Summit Property Plant Equipment vs Net Receivables Analysis

Property Plant Equipment vs Net Receivables

Property Plant Equipment vs Net Receivables Correlation Analysis

Correlation Coefficient

Property Plant Equipment

Net Receivables

Summit Resources fundamental ratios Correlations

Summit Resources Account Relationship Matchups

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Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Property Plant Equipment	+ 0.99	Common Stock
Capital Stock	+ 0.96	Long Term Investments

Other Current Liab	- 0.99	Total Stockholder Equity
Other Current Liab	- 0.98	Total Assets
Capital Lease Obligations	- 0.94	Capital Stock
Capital Lease Obligations	- 0.94	Long Term Investments
Common Stock Shares Outstanding	- 0.92	Net Tangible Assets
Other Current Liab	- 0.87	Other Current Assets