SurModics Asset Turnover vs Total Current Liabilities Analysis

SRDX Stock

USD 39.71 0.19 0.48%

SurModics financial indicator trend analysis is much more than just breaking down SurModics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SurModics is a good investment. Please check the relationship between SurModics Asset Turnover and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SurModics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy SurModics Stock please use our How to Invest in SurModics guide.

Asset Turnover vs Total Current Liabilities

Asset Turnover vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SurModics Asset Turnover account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.

The correlation between SurModics' Asset Turnover and Total Current Liabilities is 0.38. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of SurModics, assuming nothing else is changed. The correlation between historical values of SurModics' Asset Turnover and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of SurModics are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Asset Turnover i.e., SurModics' Asset Turnover and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Total Current Liabilities

Total Current Liabilities is an item on SurModics balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of SurModics are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from SurModics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SurModics 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 SurModics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy SurModics Stock please use our How to Invest in SurModics guide.At this time, SurModics' Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 1.3 M in 2025, despite the fact that Discontinued Operations is likely to grow to (150.5 K).

	2022	2023	2024	2025 (projected)
Gross Profit	61.0M	93.1M	107.0M	112.4M
Total Revenue	132.6M	126.1M	145.0M	75.8M

Gross Profit Total Revenue

SurModics fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	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	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock Total Equity	Short Term Investments	Common Stock	Other Liab	Other Assets
Total Assets		0.7	0.81	0.93	0.96	0.15	0.68	0.82	0.44	0.93	-0.59	0.54	0.79	-0.24	0.77	0.65	-0.14	0.37	0.85	0.73	0.89	0.6	0.16	0.63	0.9	0.53
Other Current Liab	0.7		0.8	0.55	0.77	0.32	0.24	0.67	0.33	0.65	-0.3	0.33	0.72	-0.18	0.73	0.67	-0.04	0.53	0.85	0.7	0.63	0.26	0.11	0.28	0.62	0.35
Total Current Liabilities	0.81	0.8		0.62	0.84	0.26	0.44	0.77	0.11	0.8	-0.24	0.3	0.67	-0.25	0.58	0.47	-0.15	0.21	0.8	0.62	0.66	0.38	0.22	0.39	0.88	0.36
Total Stockholder Equity	0.93	0.55	0.62		0.89	-0.07	0.85	0.65	0.53	0.85	-0.75	0.64	0.67	-0.14	0.63	0.53	-0.09	0.24	0.68	0.6	0.85	0.74	0.2	0.75	0.75	0.73
Property Plant And Equipment Net	0.96	0.77	0.84	0.89		0.16	0.66	0.8	0.36	0.88	-0.56	0.56	0.77	-0.3	0.75	0.61	-0.17	0.36	0.86	0.69	0.86	0.51	0.31	0.53	0.91	0.55
Net Debt	0.15	0.32	0.26	-0.07	0.16		-0.46	0.45	-0.44	0.39	0.3	-0.59	0.44	0.09	0.51	0.56	0.11	0.65	0.48	0.55	-0.18	-0.26	-0.19	-0.23	0.26	-0.54
Retained Earnings	0.68	0.24	0.44	0.85	0.66	-0.46		0.37	0.4	0.56	-0.79	0.74	0.26	-0.08	0.17	0.06	-0.13	-0.27	0.28	0.15	0.7	0.82	0.4	0.81	0.54	0.83
Accounts Payable	0.82	0.67	0.77	0.65	0.8	0.45	0.37		0.18	0.8	-0.45	0.26	0.73	-0.15	0.74	0.71	0.01	0.46	0.81	0.73	0.68	0.45	0.1	0.48	0.78	0.06
Cash	0.44	0.33	0.11	0.53	0.36	-0.44	0.4	0.18		0.22	-0.55	0.58	0.46	-0.32	0.45	0.47	-0.24	0.31	0.37	0.42	0.63	0.33	-0.33	0.35	0.16	0.49
Non Current Assets Total	0.93	0.65	0.8	0.85	0.88	0.39	0.56	0.8	0.22		-0.46	0.24	0.82	-0.11	0.76	0.68	-0.09	0.42	0.85	0.8	0.66	0.54	0.05	0.57	0.88	0.42
Non Currrent Assets Other	-0.59	-0.3	-0.24	-0.75	-0.56	0.3	-0.79	-0.45	-0.55	-0.46		-0.71	-0.28	0.06	-0.34	-0.28	0.04	-0.09	-0.34	-0.26	-0.64	-0.76	-0.27	-0.76	-0.38	-0.59
Cash And Short Term Investments	0.54	0.33	0.3	0.64	0.56	-0.59	0.74	0.26	0.58	0.24	-0.71		0.09	-0.32	0.22	0.01	-0.14	-0.16	0.26	0.0	0.8	0.49	0.56	0.49	0.42	0.68
Net Receivables	0.79	0.72	0.67	0.67	0.77	0.44	0.26	0.73	0.46	0.82	-0.28	0.09		-0.23	0.89	0.91	-0.17	0.7	0.91	0.97	0.59	0.27	-0.31	0.3	0.69	0.25
Common Stock Shares Outstanding	-0.24	-0.18	-0.25	-0.14	-0.3	0.09	-0.08	-0.15	-0.32	-0.11	0.06	-0.32	-0.23		-0.33	-0.18	0.87	-0.14	-0.33	-0.22	-0.35	0.37	-0.09	0.35	-0.39	0.02
Non Current Liabilities Total	0.77	0.73	0.58	0.63	0.75	0.51	0.17	0.74	0.45	0.76	-0.34	0.22	0.89	-0.33		0.92	-0.17	0.79	0.95	0.92	0.62	0.16	-0.11	0.2	0.69	0.11
Inventory	0.65	0.67	0.47	0.53	0.61	0.56	0.06	0.71	0.47	0.68	-0.28	0.01	0.91	-0.18	0.92		-0.09	0.86	0.86	0.95	0.48	0.19	-0.4	0.23	0.49	0.02
Other Current Assets	-0.14	-0.04	-0.15	-0.09	-0.17	0.11	-0.13	0.01	-0.24	-0.09	0.04	-0.14	-0.17	0.87	-0.17	-0.09		-0.05	-0.18	-0.16	-0.17	0.25	0.05	0.24	-0.26	-0.02
Other Stockholder Equity	0.37	0.53	0.21	0.24	0.36	0.65	-0.27	0.46	0.31	0.42	-0.09	-0.16	0.7	-0.14	0.79	0.86	-0.05		0.66	0.79	0.24	-0.12	-0.41	-0.08	0.27	-0.19
Total Liab	0.85	0.85	0.8	0.68	0.86	0.48	0.28	0.81	0.37	0.85	-0.34	0.26	0.91	-0.33	0.95	0.86	-0.18	0.66		0.91	0.67	0.25	0.0	0.28	0.82	0.24
Property Plant And Equipment Gross	0.73	0.7	0.62	0.6	0.69	0.55	0.15	0.73	0.42	0.8	-0.26	0.0	0.97	-0.22	0.92	0.95	-0.16	0.79	0.91		0.5	0.21	-0.37	0.24	0.64	0.12
Total Current Assets	0.89	0.63	0.66	0.85	0.86	-0.18	0.7	0.68	0.63	0.66	-0.64	0.8	0.59	-0.35	0.62	0.48	-0.17	0.24	0.67	0.5		0.55	0.25	0.58	0.74	0.57
Common Stock Total Equity	0.6	0.26	0.38	0.74	0.51	-0.26	0.82	0.45	0.33	0.54	-0.76	0.49	0.27	0.37	0.16	0.19	0.25	-0.12	0.25	0.21	0.55		0.15	1.0	0.35	0.64
Short Term Investments	0.16	0.11	0.22	0.2	0.31	-0.19	0.4	0.1	-0.33	0.05	-0.27	0.56	-0.31	-0.09	-0.11	-0.4	0.05	-0.41	0.0	-0.37	0.25	0.15		0.13	0.31	0.29
Common Stock	0.63	0.28	0.39	0.75	0.53	-0.23	0.81	0.48	0.35	0.57	-0.76	0.49	0.3	0.35	0.2	0.23	0.24	-0.08	0.28	0.24	0.58	1.0	0.13		0.37	0.62
Other Liab	0.9	0.62	0.88	0.75	0.91	0.26	0.54	0.78	0.16	0.88	-0.38	0.42	0.69	-0.39	0.69	0.49	-0.26	0.27	0.82	0.64	0.74	0.35	0.31	0.37		0.35
Other Assets	0.53	0.35	0.36	0.73	0.55	-0.54	0.83	0.06	0.49	0.42	-0.59	0.68	0.25	0.02	0.11	0.02	-0.02	-0.19	0.24	0.12	0.57	0.64	0.29	0.62	0.35

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SurModics Account Relationship Matchups

SurModics fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	194.6M	158.4M	185.7M	178.6M	205.3M	142.8M
Other Current Liab	12.9M	13.8M	15.7M	16.6M	19.1M	20.1M
Total Current Liabilities	29.8M	32.1M	24.0M	20.5M	23.6M	13.4M
Total Stockholder Equity	140.1M	108.4M	119.9M	118.9M	136.7M	116.6M
Property Plant And Equipment Net	30.1M	27.1M	26.0M	28.0M	32.2M	26.7M
Net Debt	(21.2M)	(5.2M)	(12.0M)	(2.9M)	(2.6M)	(2.7M)
Retained Earnings	116.1M	88.8M	87.3M	75.7M	87.1M	72.0M
Accounts Payable	1.8M	3.1M	3.0M	2.8M	3.2M	1.9M
Cash	31.2M	19.0M	41.4M	36.1M	41.5M	43.6M
Non Current Assets Total	124.3M	100.8M	99.0M	97.3M	111.8M	88.7M
Non Currrent Assets Other	3.7M	4.8M	3.9M	1.1M	958.5K	910.6K
Cash And Short Term Investments	38.9M	19.0M	45.4M	40.1M	46.1M	35.4M
Net Receivables	22.9M	24.2M	23.9M	23.2M	26.6M	28.0M
Common Stock Shares Outstanding	14.0M	13.9M	14.0M	14.2M	12.7M	13.6M
Liabilities And Stockholders Equity	194.6M	158.4M	185.7M	178.6M	205.3M	142.8M
Non Current Liabilities Total	24.7M	17.9M	41.9M	39.1M	45.0M	47.2M
Inventory	6.8M	11.8M	14.8M	15.2M	17.4M	18.3M
Other Current Assets	1.7M	2.6M	7.9M	2.9M	3.3M	3.1M
Other Stockholder Equity	21.6M	28.8M	36.7M	118.2M	106.4M	111.7M
Total Liab	54.5M	50.0M	65.8M	59.7M	68.6M	72.0M
Property Plant And Equipment Gross	80.2M	82.1M	85.5M	89.8M	103.3M	108.4M
Total Current Assets	70.3M	57.6M	86.7M	81.3M	93.5M	54.1M
Accumulated Other Comprehensive Income	3.2M	1.7M	(9.9M)	(4.8M)	(4.3M)	(4.1M)
Other Liab	17.1M	15.5M	24.7M	17.9M	20.6M	10.9M
Other Assets	7.8M	9.1M	9.6M	4.8M	5.5M	6.7M
Property Plant Equipment	29.7M	30.1M	30.1M	27.1M	31.2M	28.0M
Current Deferred Revenue	4.6M	4.2M	4.4M	1.6M	1.9M	2.4M
Intangible Assets	37.1M	28.1M	26.2M	23.6M	27.1M	17.5M
Short Term Debt	10.5M	11.0M	872K	1.0M	936K	889.2K
Good Will	45.6M	40.7M	42.9M	44.6M	51.3M	53.9M
Retained Earnings Total Equity	110.7M	111.8M	116.1M	88.8M	102.1M	87.6M
Capital Surpluse	10.7M	15.4M	21.6M	28.8M	25.9M	14.1M
Deferred Long Term Liab	11.6M	10.8M	13.0M	7.1M	8.2M	5.4M
Non Current Liabilities Other	14.4M	12.8M	10.1M	3.5M	4.0M	3.8M

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When running SurModics' price analysis, check to measure SurModics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SurModics is operating at the current time. Most of SurModics' value examination focuses on studying past and present price action to predict the probability of SurModics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SurModics' price. Additionally, you may evaluate how the addition of SurModics to your portfolios can decrease your overall portfolio volatility.

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SurModics Asset Turnover vs Total Current Liabilities Analysis

Asset Turnover vs Total Current Liabilities

Asset Turnover vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Asset Turnover

Total Current Liabilities

SurModics fundamental ratios Correlations

SurModics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SurModics fundamental ratios Accounts

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Additional Tools for SurModics Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Property Plant And Equipment Gross	+ 0.97	Net Receivables
Property Plant And Equipment Net	+ 0.96	Total Assets
Total Liab	+ 0.95	Non Current Liabilities Total
Property Plant And Equipment Gross	+ 0.95	Inventory
Total Stockholder Equity	+ 0.93	Total Assets

Non Currrent Assets Other	- 0.79	Retained Earnings
Common Stock	- 0.76	Non Currrent Assets Other
Common Stock Total Equity	- 0.76	Non Currrent Assets Other
Non Currrent Assets Other	- 0.75	Total Stockholder Equity
Cash And Short Term Investments	- 0.71	Non Currrent Assets Other
Total Current Assets	- 0.64	Non Currrent Assets Other