Smart Sand Net Invested Capital vs Net Tangible Assets

SND Stock

USD 2.25 0.09 4.17%

Smart Sand financial indicator trend analysis is much more than just breaking down Smart Sand prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Smart Sand is a good investment. Please check the relationship between Smart Sand Net Invested Capital and its Net Tangible Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smart Sand. 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 information on how to trade Smart Stock refer to our How to Trade Smart Stock guide.

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Smart Sand Net Invested Capital account and Net Tangible Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Smart Sand's Net Invested Capital and Net Tangible Assets is 0.83. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Smart Sand, assuming nothing else is changed. The correlation between historical values of Smart Sand's Net Invested Capital and Net Tangible 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 Net Invested Capital of Smart Sand are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Invested Capital i.e., Smart Sand's Net Invested Capital and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Most indicators from Smart Sand's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smart Sand 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 Smart Sand. 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 information on how to trade Smart Stock refer to our How to Trade Smart Stock guide.The current year's Sales General And Administrative To Revenue is expected to grow to 0.18, whereas Selling General Administrative is forecasted to decline to about 24.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	2.0M	1.6M	1.3M	1.2M
Depreciation And Amortization	26.2M	27.3M	28.3M	14.4M

Interest Expense Depreciation And Amortization

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab
Total Assets		-0.08	0.02	0.77	0.97	0.98	0.97	0.99	0.02	-0.13	0.98	0.48	0.18	0.99	-0.35	0.88	-0.69	0.18	0.82	0.91	-0.26	0.86	0.75	0.89	0.25	0.79
Short Long Term Debt Total	-0.08		-0.01	-0.05	-0.3	-0.1	-0.32	-0.02	0.73	0.97	0.0	-0.59	-0.85	-0.01	-0.01	-0.05	0.68	-0.85	0.12	-0.16	0.9	0.0	-0.01	-0.52	0.91	0.19
Other Current Liab	0.02	-0.01		0.5	0.01	0.17	0.02	0.03	0.01	-0.06	-0.01	-0.01	0.14	0.05	0.78	0.05	-0.01	0.14	-0.1	0.31	-0.26	-0.16	-0.01	0.04	0.06	0.24
Total Current Liabilities	0.77	-0.05	0.5		0.73	0.81	0.74	0.8	0.02	-0.09	0.72	0.52	0.13	0.79	-0.03	0.7	-0.6	0.13	0.51	0.89	-0.38	0.61	0.59	0.67	0.28	0.86
Total Stockholder Equity	0.97	-0.3	0.01	0.73		0.95	1.0	0.95	-0.14	-0.34	0.94	0.56	0.36	0.94	-0.33	0.85	-0.81	0.36	0.77	0.89	-0.45	0.84	0.69	0.97	0.02	0.71
Other Liab	0.98	-0.1	0.17	0.81	0.95		0.95	0.97	0.0	-0.16	0.95	0.46	0.22	0.98	-0.24	0.9	-0.68	0.22	0.74	0.91	-0.29	0.81	0.76	0.88	0.24	0.78
Net Tangible Assets	0.97	-0.32	0.02	0.74	1.0	0.95		0.94	-0.17	-0.35	0.94	0.58	0.36	0.94	-0.34	0.86	-0.83	0.36	0.76	0.88	-0.48	0.85	0.68	0.96	0.0	0.72
Property Plant And Equipment Net	0.99	-0.02	0.03	0.8	0.95	0.97	0.94		0.06	-0.06	0.96	0.49	0.1	1.0	-0.37	0.88	-0.65	0.1	0.78	0.91	-0.21	0.87	0.75	0.85	0.32	0.81
Current Deferred Revenue	0.02	0.73	0.01	0.02	-0.14	0.0	-0.17	0.06		0.65	0.07	-0.56	-0.43	0.07	0.09	-0.12	0.5	-0.43	0.12	-0.07	0.73	-0.09	0.36	-0.31	0.71	0.14
Net Debt	-0.13	0.97	-0.06	-0.09	-0.34	-0.16	-0.35	-0.06	0.65		-0.06	-0.5	-0.95	-0.05	-0.01	-0.04	0.72	-0.95	0.09	-0.19	0.89	0.02	-0.13	-0.55	0.87	0.11
Retained Earnings	0.98	0.0	-0.01	0.72	0.94	0.95	0.94	0.96	0.07	-0.06		0.38	0.12	0.96	-0.37	0.91	-0.64	0.12	0.89	0.85	-0.18	0.85	0.74	0.82	0.3	0.8
Accounts Payable	0.48	-0.59	-0.01	0.52	0.56	0.46	0.58	0.49	-0.56	-0.5	0.38		0.33	0.48	-0.33	0.44	-0.65	0.33	0.21	0.64	-0.61	0.4	0.28	0.66	-0.29	0.22
Cash	0.18	-0.85	0.14	0.13	0.36	0.22	0.36	0.1	-0.43	-0.95	0.12	0.33		0.09	0.04	0.01	-0.69	1.0	-0.05	0.19	-0.78	-0.07	0.3	0.53	-0.73	-0.01
Non Current Assets Total	0.99	-0.01	0.05	0.79	0.94	0.98	0.94	1.0	0.07	-0.05	0.96	0.48	0.09		-0.35	0.88	-0.64	0.09	0.78	0.92	-0.21	0.87	0.74	0.85	0.33	0.8
Non Currrent Assets Other	-0.35	-0.01	0.78	-0.03	-0.33	-0.24	-0.34	-0.37	0.09	-0.01	-0.37	-0.33	0.04	-0.35		-0.27	0.35	0.04	-0.26	-0.12	-0.08	-0.45	-0.36	-0.26	-0.15	-0.28
Other Assets	0.88	-0.05	0.05	0.7	0.85	0.9	0.86	0.88	-0.12	-0.04	0.91	0.44	0.01	0.88	-0.27		-0.57	0.01	0.79	0.79	-0.22	0.84	0.59	0.75	0.24	0.7
Long Term Debt	-0.69	0.68	-0.01	-0.6	-0.81	-0.68	-0.83	-0.65	0.5	0.72	-0.64	-0.65	-0.69	-0.64	0.35	-0.57		-0.69	-0.43	-0.66	0.82	-0.59	-0.47	-0.89	0.41	-0.57
Cash And Short Term Investments	0.18	-0.85	0.14	0.13	0.36	0.22	0.36	0.1	-0.43	-0.95	0.12	0.33	1.0	0.09	0.04	0.01	-0.69		-0.05	0.19	-0.78	-0.07	0.3	0.53	-0.73	-0.01
Net Receivables	0.82	0.12	-0.1	0.51	0.77	0.74	0.76	0.78	0.12	0.09	0.89	0.21	-0.05	0.78	-0.26	0.79	-0.43	-0.05		0.68	-0.02	0.71	0.5	0.64	0.32	0.65
Common Stock Shares Outstanding	0.91	-0.16	0.31	0.89	0.89	0.91	0.88	0.91	-0.07	-0.19	0.85	0.64	0.19	0.92	-0.12	0.79	-0.66	0.19	0.68		-0.39	0.69	0.66	0.85	0.21	0.74
Non Current Liabilities Total	-0.26	0.9	-0.26	-0.38	-0.45	-0.29	-0.48	-0.21	0.73	0.89	-0.18	-0.61	-0.78	-0.21	-0.08	-0.22	0.82	-0.78	-0.02	-0.39		-0.21	-0.03	-0.64	0.77	-0.17
Inventory	0.86	0.0	-0.16	0.61	0.84	0.81	0.85	0.87	-0.09	0.02	0.85	0.4	-0.07	0.87	-0.45	0.84	-0.59	-0.07	0.71	0.69	-0.21		0.42	0.74	0.2	0.72
Other Current Assets	0.75	-0.01	-0.01	0.59	0.69	0.76	0.68	0.75	0.36	-0.13	0.74	0.28	0.3	0.74	-0.36	0.59	-0.47	0.3	0.5	0.66	-0.03	0.42		0.61	0.34	0.57
Other Stockholder Equity	0.89	-0.52	0.04	0.67	0.97	0.88	0.96	0.85	-0.31	-0.55	0.82	0.66	0.53	0.85	-0.26	0.75	-0.89	0.53	0.64	0.85	-0.64	0.74	0.61		-0.21	0.58
Total Liab	0.25	0.91	0.06	0.28	0.02	0.24	0.0	0.32	0.71	0.87	0.3	-0.29	-0.73	0.33	-0.15	0.24	0.41	-0.73	0.32	0.21	0.77	0.2	0.34	-0.21		0.45
Deferred Long Term Liab	0.79	0.19	0.24	0.86	0.71	0.78	0.72	0.81	0.14	0.11	0.8	0.22	-0.01	0.8	-0.28	0.7	-0.57	-0.01	0.65	0.74	-0.17	0.72	0.57	0.58	0.45

Click cells to compare fundamentals

High Positive Relationship

Net Tangible Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Other Liab	+ 0.98	Total Assets

High Negative Relationship

Cash And Short Term Investments	- 0.95	Net Debt
Cash	- 0.95	Net Debt
Other Stockholder Equity	- 0.89	Long Term Debt
Cash And Short Term Investments	- 0.85	Short Long Term Debt Total
Cash	- 0.85	Short Long Term Debt Total
Long Term Debt	- 0.83	Net Tangible Assets

		2019	2020	2021	2022	2023	2024 (projected)
Total Assets		361.6M	427.7M	374.0M	360.0M	346.3M	313.8M
Short Long Term Debt Total		63.0M	63.4M	55.2M	44.5M	43.8M	49.4M
Other Current Liab		9.1M	2.9M	10.1M	323K	10.2M	7.8M
Total Current Liabilities		40.0M	37.3M	48.6M	51.9M	54.5M	39.9M
Total Stockholder Equity		244.1M	288.8M	241.2M	243.5M	242.3M	198.4M
Other Liab		34.1M	52.1M	45.3M	37.2M	42.7M	32.2M
Net Tangible Assets		236.5M	280.6M	233.7M	236.8M	272.3M	184.9M
Property Plant And Equipment Net		258.6M	306.8M	292.3M	284.9M	278.4M	235.4M
Current Deferred Revenue		7.7M	6.9M	9.8M	7.0M	1.2M	1.1M
Net Debt		60.4M	51.7M	29.6M	39.0M	37.7M	34.2M
Retained Earnings		81.9M	121.3M	70.6M	69.9M	74.5M	55.5M
Accounts Payable		4.0M	3.3M	8.5M	14.4M	16.0M	9.7M
Cash		2.6M	11.7M	25.6M	5.5M	6.1M	11.1M
Non Current Assets Total		271.2M	315.6M	300.2M	291.9M	284.4M	244.3M
Non Currrent Assets Other		3.5M	563K	402K	303K	163K	154.9K
Other Assets		15.0M	32.7M	9.1M	22.9M	26.3M	15.2M
Long Term Debt		27.8M	22.4M	15.4M	9.3M	2.9M	2.8M
Cash And Short Term Investments		2.6M	11.7M	25.6M	5.5M	6.1M	11.1M
Net Receivables		64.8M	69.8M	19.4M	35.8M	26.6M	31.7M
Common Stock Shares Outstanding		40.3M	40.3M	41.8M	42.4M	39.0M	40.2M
Liabilities And Stockholders Equity		361.6M	427.7M	374.0M	360.0M	346.3M	313.8M
Non Current Liabilities Total		77.4M	101.6M	84.3M	64.6M	49.6M	54.9M
Inventory		21.4M	19.1M	15.0M	20.2M	26.8M	16.9M
Other Current Assets		1.5M	12.2M	13.9M	9.1M	2.4M	2.3M
Other Stockholder Equity		162.2M	167.1M	170.0M	173.3M	167.7M	150.1M
Total Liab		117.5M	138.9M	132.9M	116.5M	104.0M	115.4M
Property Plant And Equipment Gross		253.7M	306.8M	292.3M	284.9M	437.5M	250.4M
Short Long Term Debt		6.1M	6.8M	7.0M	5.8M	15.5M	16.2M
Total Current Assets		90.4M	112.1M	73.9M	68.1M	61.9M	69.5M
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Smart Net Invested Capital vs Net Tangible Assets Analysis

Net Invested Capital vs Net Tangible Assets

Net Invested Capital vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Tangible Assets

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