Sun Total Current Liabilities vs Operating Income Analysis
| SRES Stock | CAD 0.06 0.01 10.00% |
Sun Residential financial indicator trend analysis is much more than just breaking down Sun Residential Real prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sun Residential Real is a good investment. Please check the relationship between Sun Residential Total Current Liabilities and its Operating Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Residential Real. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Total Current Liabilities vs Operating Income
Total Current Liabilities vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sun Residential Real Total Current Liabilities account and Operating Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Sun Residential's Total Current Liabilities and Operating Income is -0.77. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Operating Income in the same time period over historical financial statements of Sun Residential Real, assuming nothing else is changed. The correlation between historical values of Sun Residential's Total Current Liabilities and Operating Income 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 Current Liabilities of Sun Residential Real are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Current Liabilities i.e., Sun Residential's Total Current Liabilities and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.77 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Sun Residential balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Sun Residential Real 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.Operating Income
Operating Income is the amount of profit realized from Sun Residential Real operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Sun Residential Real is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Sun Residential's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sun Residential Real 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 Sun Residential Real. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. Tax Provision is likely to climb to about (1.3 M) in 2024. Selling General Administrative is likely to drop to about 360 K in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.9M | 3.0M | 3.1M | 3.1M | Total Revenue | 4.9M | 5.5M | 5.8M | 5.6M |
Sun Residential fundamental ratios Correlations
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Sun Residential Account Relationship Matchups
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Additional Tools for Sun Stock Analysis
When running Sun Residential's price analysis, check to measure Sun Residential's 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 Sun Residential is operating at the current time. Most of Sun Residential's value examination focuses on studying past and present price action to predict the probability of Sun Residential's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sun Residential's price. Additionally, you may evaluate how the addition of Sun Residential to your portfolios can decrease your overall portfolio volatility.