Sumeet Change In Cash vs Change To Account Receivables Analysis

SUMEETINDS   97.80  0.00  0.00%   
Sumeet Industries financial indicator trend analysis is much more than just breaking down Sumeet Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sumeet Industries is a good investment. Please check the relationship between Sumeet Industries Change In Cash and its Change To Account Receivables accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sumeet Industries 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 income.

Change In Cash vs Change To Account Receivables

Change In Cash vs Change To Account Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sumeet Industries Change In Cash account and Change To Account Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.
Change In CashChange To Account ReceivablesDiversified AwayChange In CashChange To Account ReceivablesDiversified Away100%
The correlation between Sumeet Industries' Change In Cash and Change To Account Receivables is -0.31. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of Sumeet Industries Limited, assuming nothing else is changed. The correlation between historical values of Sumeet Industries' Change In Cash and Change To Account 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 Change In Cash of Sumeet Industries Limited are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Change In Cash i.e., Sumeet Industries' Change In Cash and Change To Account Receivables go up and down completely randomly.

Correlation Coefficient

-0.31
Relationship DirectionNegative 
Relationship StrengthInsignificant

Change In Cash

Change To Account Receivables

Most indicators from Sumeet Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sumeet Industries 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 Sumeet Industries 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 income.
The Sumeet Industries' current Selling General Administrative is estimated to increase to about 342.6 M, while Tax Provision is forecasted to increase to (38.1 M).
 2022 2023 2024 2025 (projected)
Interest Expense70.6M181K208.2K197.7K
Depreciation And Amortization274.9M239.1M275.0M246.5M

Sumeet Industries fundamental ratios Correlations

0.450.060.370.720.920.350.740.950.250.740.110.720.970.180.570.720.970.10.770.85-0.07-0.030.530.670.53
0.450.170.96-0.190.220.990.110.320.090.110.86-0.070.560.260.340.920.520.830.310.40.8-0.27-0.430.16-0.43
0.060.170.29-0.130.030.19-0.290.090.23-0.290.18-0.10.070.560.080.240.040.180.170.070.28-0.96-0.160.08-0.21
0.370.960.29-0.260.110.950.070.210.120.070.84-0.20.460.220.350.890.470.840.320.40.86-0.4-0.480.15-0.47
0.72-0.19-0.13-0.260.77-0.30.710.740.170.71-0.490.860.64-0.040.410.110.67-0.490.530.69-0.630.210.960.680.95
0.920.220.030.110.770.150.690.990.190.69-0.020.880.860.230.350.550.82-0.050.740.64-0.330.060.630.50.6
0.350.990.190.95-0.30.150.010.240.040.010.9-0.130.460.290.250.880.410.880.250.290.83-0.3-0.530.03-0.53
0.740.11-0.290.070.710.690.010.650.131.0-0.190.640.66-0.280.470.380.76-0.20.70.69-0.350.310.630.570.7
0.950.320.090.210.740.990.240.650.230.650.060.840.90.30.40.630.860.030.720.68-0.22-0.010.570.540.54
0.250.090.230.120.170.190.040.130.230.13-0.070.090.320.160.140.180.26-0.050.180.20.05-0.190.150.260.14
0.740.11-0.290.070.710.690.011.00.650.13-0.190.640.66-0.280.470.380.76-0.20.70.69-0.350.310.630.570.7
0.110.860.180.84-0.49-0.020.9-0.190.06-0.07-0.19-0.240.210.290.080.730.140.96-0.010.020.83-0.21-0.69-0.2-0.68
0.72-0.07-0.1-0.20.860.88-0.130.640.840.090.64-0.240.640.170.190.250.59-0.270.560.5-0.620.210.790.390.76
0.970.560.070.460.640.860.460.660.90.320.660.210.640.160.550.770.960.180.690.830.06-0.060.430.650.42
0.180.260.560.22-0.040.230.29-0.280.30.16-0.280.290.170.160.110.30.070.210.17-0.030.16-0.55-0.10.07-0.17
0.570.340.080.350.410.350.250.470.40.140.470.080.190.550.110.430.660.070.310.740.17-0.090.280.870.33
0.720.920.240.890.110.550.880.380.630.180.380.730.250.770.30.430.750.710.590.610.57-0.28-0.140.32-0.14
0.970.520.040.470.670.820.410.760.860.260.760.140.590.960.070.660.750.150.750.920.05-0.040.470.730.48
0.10.830.180.84-0.49-0.050.88-0.20.03-0.05-0.20.96-0.270.180.210.070.710.15-0.010.080.84-0.22-0.68-0.24-0.66
0.770.310.170.320.530.740.250.70.720.180.7-0.010.560.690.170.310.590.75-0.010.64-0.15-0.220.430.380.39
0.850.40.070.40.690.640.290.690.680.20.690.020.50.83-0.030.740.610.920.080.640.02-0.070.520.780.55
-0.070.80.280.86-0.63-0.330.83-0.35-0.220.05-0.350.83-0.620.060.160.170.570.050.84-0.150.02-0.38-0.79-0.08-0.77
-0.03-0.27-0.96-0.40.210.06-0.30.31-0.01-0.190.31-0.210.21-0.06-0.55-0.09-0.28-0.04-0.22-0.22-0.07-0.380.24-0.070.3
0.53-0.43-0.16-0.480.960.63-0.530.630.570.150.63-0.690.790.43-0.10.28-0.140.47-0.680.430.52-0.790.240.580.98
0.670.160.080.150.680.50.030.570.540.260.57-0.20.390.650.070.870.320.73-0.240.380.78-0.08-0.070.580.6
0.53-0.43-0.21-0.470.950.6-0.530.70.540.140.7-0.680.760.42-0.170.33-0.140.48-0.660.390.55-0.770.30.980.6
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Sumeet Industries Account Relationship Matchups

Sumeet Industries fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets6.3B6.0B4.5B4.3B4.9B6.8B
Short Long Term Debt Total5.8B5.4B4.9B4.9B5.6B4.3B
Other Current Liab76.1M84.3M64.4M288.0M331.2M557.1M
Total Current Liabilities6.0B5.6B4.9B5.3B6.1B3.9B
Total Stockholder Equity(543.7M)(528.2M)(1.2B)(1.8B)(1.6B)(1.5B)
Property Plant And Equipment Net2.4B2.1B1.8B1.6B1.9B2.9B
Net Debt5.5B5.1B4.8B4.7B5.4B4.0B
Cash8.3M3.1M46.3M211.1M190.0M146.6M
Non Current Assets Total2.9B2.4B2.0B1.8B2.0B3.1B
Non Currrent Assets Other455.3M239.0M(1.8B)153.3M138.0M144.9M
Cash And Short Term Investments8.3M3.1M46.3M211.1M190.0M146.6M
Liabilities And Stockholders Equity6.3B6.0B4.5B4.3B4.9B6.8B
Non Current Liabilities Total776.1M868.6M784.7M739.6M665.6M632.3M
Inventory1.6B1.6B1.0B1.0B1.2B1.5B
Other Current Assets886.1M106.5M422.6M457.5M526.1M896.8M
Total Liab6.8B6.5B5.7B6.0B7.0B5.7B
Total Current Assets3.4B3.6B2.5B2.5B2.9B3.7B
Accumulated Other Comprehensive Income152.9M130.7M82.8M(2.8B)(2.5B)(2.4B)
Accounts Payable357.4M493.0M384.1M527.8M607.0M820.8M
Net Receivables848.9M1.9B1.0B820.2M943.2M896.1M
Short Term Debt5.5B5.0B4.5B4.5B5.2B4.0B
Current Deferred Revenue73.6M69.2M1.3M9K8.1K8.5K
Retained Earnings(2.4B)(2.4B)(2.9B)(3.5B)(3.1B)(3.0B)
Other Liab511.6M456.7M404.0M372.3M335.0M414.3M
Net Tangible Assets845.9M(537.4M)(543.7M)(528.2M)(475.4M)(451.6M)
Other Assets(5.7M)(420.0)(1K)7.4B8.6B9.0B
Long Term Debt396.5M319.4M464.6M412.4M371.2M352.6M
Short Long Term Debt4.3B5.0B4.5B4.5B5.2B4.1B
Property Plant Equipment2.8B2.4B2.1B1.8B1.7B2.6B
Long Term Debt Total396.5M319.4M464.6M412.4M371.2M352.6M
Cash And Equivalents5.1M8.3M3.1M46.3M41.6M39.6M
Net Invested Capital4.1B5.0B3.7B3.1B2.8B4.0B
Non Current Liabilities Other22.9M27.4M46.1M45.5M52.3M54.9M
Net Working Capital(2.6B)(2.0B)(2.4B)(2.8B)(2.5B)(2.6B)
Property Plant And Equipment Gross5.9B5.9B1.8B1.6B1.4B1.4B

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Other Information on Investing in Sumeet Stock

Balance Sheet is a snapshot of the financial position of Sumeet Industries at a specified time, usually calculated after every quarter, six months, or one year. Sumeet Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sumeet Industries and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Sumeet currently owns. An asset can also be divided into two categories, current and non-current.

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