Steel Net Income vs Quick Ratio Analysis

STCN Stock  USD 12.38  0.03  0.24%   
Steel Connect financial indicator trend analysis is much more than just breaking down Steel Connect prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Steel Connect is a good investment. Please check the relationship between Steel Connect Net Income and its Quick Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Connect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.

Net Income vs Quick Ratio

Net Income vs Quick Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Steel Connect Net Income account and Quick Ratio. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Steel Connect's Net Income and Quick Ratio is 0.55. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Quick Ratio in the same time period over historical financial statements of Steel Connect, assuming nothing else is changed. The correlation between historical values of Steel Connect's Net Income and Quick Ratio 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 Steel Connect are associated (or correlated) with its Quick Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Quick Ratio has no effect on the direction of Net Income i.e., Steel Connect's Net Income and Quick Ratio go up and down completely randomly.

Correlation Coefficient

0.55
Relationship DirectionPositive 
Relationship StrengthWeak

Net Income

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

Quick Ratio

A measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities.
Most indicators from Steel Connect's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Steel Connect 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 Steel Connect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.At this time, Steel Connect's Tax Provision is very stable compared to the past year. As of the 14th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.30, while Selling General Administrative is likely to drop about 35.9 M.
 2021 2022 2023 2024 (projected)
Interest Expense3.1M2.9M996K946.2K
Depreciation And Amortization11.6M2.8M5.4M5.1M

Steel Connect fundamental ratios Correlations

0.780.690.670.220.80.59-0.180.140.210.890.560.230.120.330.770.020.410.170.780.380.220.830.81-0.35-0.26
0.780.890.74-0.220.940.94-0.420.06-0.180.90.53-0.25-0.04-0.130.99-0.080.570.410.96-0.120.210.930.950.080.3
0.690.890.77-0.30.80.85-0.530.23-0.160.750.54-0.170.03-0.180.91-0.070.460.530.92-0.020.410.780.8-0.020.31
0.670.740.77-0.020.720.69-0.80.7-0.070.570.83-0.10.42-0.320.740.540.370.80.880.320.320.670.62-0.40.26
0.22-0.22-0.3-0.02-0.12-0.340.30.190.45-0.10.180.420.710.2-0.240.28-0.29-0.29-0.180.690.0-0.12-0.09-0.48-0.73
0.80.940.80.72-0.120.91-0.410.06-0.210.910.5-0.30.04-0.110.95-0.040.580.40.93-0.10.00.990.9-0.040.2
0.590.940.850.69-0.340.91-0.490.05-0.480.80.47-0.55-0.01-0.380.95-0.060.560.480.92-0.350.040.880.890.240.52
-0.18-0.42-0.53-0.80.3-0.41-0.49-0.720.26-0.14-0.650.29-0.330.58-0.45-0.61-0.3-1.0-0.6-0.1-0.2-0.33-0.220.38-0.49
0.140.060.230.70.190.060.05-0.720.03-0.130.650.060.69-0.390.060.87-0.130.730.290.560.280.0-0.07-0.570.14
0.21-0.18-0.16-0.070.45-0.21-0.480.260.03-0.10.090.920.020.62-0.220.01-0.09-0.26-0.180.670.26-0.2-0.21-0.49-0.69
0.890.90.750.57-0.10.910.8-0.14-0.13-0.10.36-0.13-0.150.220.89-0.230.50.130.84-0.080.060.940.950.010.02
0.560.530.540.830.180.50.47-0.650.650.090.360.130.46-0.290.550.550.280.650.680.490.250.450.41-0.390.16
0.23-0.25-0.17-0.10.42-0.3-0.550.290.060.92-0.130.13-0.020.69-0.280.01-0.13-0.29-0.240.770.39-0.25-0.28-0.51-0.7
0.12-0.040.030.420.710.04-0.01-0.330.690.02-0.150.46-0.02-0.42-0.030.64-0.20.340.130.570.06-0.02-0.04-0.5-0.22
0.33-0.13-0.18-0.320.2-0.11-0.380.58-0.390.620.22-0.290.69-0.42-0.17-0.38-0.11-0.59-0.240.30.08-0.010.01-0.27-0.73
0.770.990.910.74-0.240.950.95-0.450.06-0.220.890.55-0.28-0.03-0.17-0.090.630.440.97-0.130.130.940.920.070.32
0.02-0.08-0.070.540.28-0.04-0.06-0.610.870.01-0.230.550.010.64-0.38-0.09-0.120.620.130.50.09-0.09-0.17-0.560.1
0.410.570.460.37-0.290.580.56-0.3-0.13-0.090.50.28-0.13-0.2-0.110.63-0.120.290.58-0.11-0.120.570.45-0.020.18
0.170.410.530.8-0.290.40.48-1.00.73-0.260.130.65-0.290.34-0.590.440.620.290.590.110.20.330.22-0.380.49
0.780.960.920.88-0.180.930.92-0.60.29-0.180.840.68-0.240.13-0.240.970.130.580.590.020.20.90.88-0.090.32
0.38-0.12-0.020.320.69-0.1-0.35-0.10.560.67-0.080.490.770.570.3-0.130.5-0.110.110.020.38-0.09-0.17-0.79-0.63
0.220.210.410.320.00.00.04-0.20.280.260.060.250.390.060.080.130.09-0.120.20.20.380.00.1-0.21-0.05
0.830.930.780.67-0.120.990.88-0.330.0-0.20.940.45-0.25-0.02-0.010.94-0.090.570.330.9-0.090.00.91-0.030.15
0.810.950.80.62-0.090.90.89-0.22-0.07-0.210.950.41-0.28-0.040.010.92-0.170.450.220.88-0.170.10.910.110.16
-0.350.08-0.02-0.4-0.48-0.040.240.38-0.57-0.490.01-0.39-0.51-0.5-0.270.07-0.56-0.02-0.38-0.09-0.79-0.21-0.030.110.59
-0.260.30.310.26-0.730.20.52-0.490.14-0.690.020.16-0.7-0.22-0.730.320.10.180.490.32-0.63-0.050.150.160.59
Click cells to compare fundamentals

Steel Connect Account Relationship Matchups

Steel Connect fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets759.2M676.4M137.7M411.2M485.6M680.6M
Short Long Term Debt Total436.6M425.8M30.5M39.6M34.0M32.3M
Other Current Liab151.5M115.8M34.3M19.9M24.5M23.3M
Total Current Liabilities249.9M218.0M83.8M67.8M75.1M71.3M
Total Stockholder Equity84.0M41.4M26.0M306.4M154.2M146.5M
Property Plant And Equipment Net135.8M109.7M23.2M30.8M26.3M25.0M
Net Debt360.7M328.8M(22.7M)(81.8M)(214.7M)(203.9M)
Retained Earnings(7.4B)(7.5B)(7.5B)7.6M93.5M98.1M
Accounts Payable70.0M29.8M30.6M26.5M25.2M24.0M
Cash75.9M96.9M53.1M121.4M248.6M135.1M
Non Current Assets Total535.6M463.0M27.9M91.9M189.8M315.9M
Non Currrent Assets Other7.4M6.8M3.9M3.7M3.1M2.9M
Cash And Short Term Investments75.9M96.9M53.1M121.4M248.6M232.5M
Net Receivables93.1M37.2M40.1M183.1M33.4M31.8M
Common Stock Shares Outstanding6.6M6.7M6.4M6.3M28.6M30.0M
Liabilities And Stockholders Equity759.2M676.4M137.7M411.2M485.6M680.6M
Non Current Liabilities Total425.2M417.0M28.0M37.1M18.7M17.7M
Inventory15.4M16.2M8.2M8.6M6.7M6.4M
Other Current Assets20.5M109.7M8.5M6.2M7.0M6.7M
Other Stockholder Equity7.5B7.5B7.5B61.5M(175.6M)(166.8M)
Total Liab675.2M635.0M111.8M104.8M93.7M89.0M
Total Current Assets223.5M213.4M109.8M319.3M295.8M364.6M
Short Term Debt19.8M15.2M12.9M15.9M21.2M32.5M
Property Plant And Equipment Gross135.8M109.7M23.2M31.3M28.1M47.2M
Accumulated Other Comprehensive Income3.8M7.2M4.1M(587K)(1.5M)(1.4M)
Intangible Assets135.3M115.0M4.7M34.6M31.0M29.5M
Common Stock Total Equity608K618K628K605K544.5K517.3K
Common Stock628K632K605K65K58.5K55.6K
Other Liab10.9M8.5M10.5M4.0M3.6M3.4M
Other Assets7.3M7.4M6.8M4.7M4.3M4.0M
Long Term Debt373.5M367.5M11.0M12.5M14.3M13.6M
Property Plant Equipment91.3M135.8M109.7M3.5M3.2M3.0M
Current Deferred Revenue8.6M13.5M2.7M2.6M2.3M2.2M
Net Tangible Assets(331.8M)(343.6M)(340.3M)1.6M1.4M1.5M
Retained Earnings Total Equity(7.4B)(7.4B)(7.4B)(7.5B)(6.7B)(7.1B)
Long Term Debt Total447.6M375.9M373.5M11.0M12.7M12.1M
Capital Surpluse7.5B7.5B7.5B7.5B8.6B8.2B

Pair Trading with Steel Connect

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Steel Connect position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Steel Connect will appreciate offsetting losses from the drop in the long position's value.

Moving against Steel Stock

  0.32FC Franklin CoveyPairCorr
The ability to find closely correlated positions to Steel Connect could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steel Connect when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Steel Connect - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Steel Connect to buy it.
The correlation of Steel Connect is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Steel Connect moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steel Connect moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Steel Connect can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Steel Connect offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Steel Connect's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Steel Connect Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Steel Connect Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Connect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Data Processing & Outsourced Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Steel Connect. If investors know Steel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Steel Connect listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.20)
Earnings Share
3.03
Revenue Per Share
28.001
Quarterly Revenue Growth
0.124
Return On Assets
0.0104
The market value of Steel Connect is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Connect's value that differs from its market value or its book value, called intrinsic value, which is Steel Connect's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Steel Connect's market value can be influenced by many factors that don't directly affect Steel Connect's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Steel Connect's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Connect is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Connect's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.