Supremex Net Income vs Total Operating Expenses Analysis

SXP Stock

CAD 4.03 0.03 0.75%

Supremex financial indicator trend analysis is much more than just breaking down Supremex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Supremex is a good investment. Please check the relationship between Supremex Net Income and its Total Operating Expenses accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Supremex. 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.

Net Income vs Total Operating Expenses

Net Income vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Supremex Net Income account and Total Operating Expenses. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Supremex's Net Income and Total Operating Expenses is -0.05. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Supremex, assuming nothing else is changed. The correlation between historical values of Supremex's Net Income and Total Operating Expenses 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 Supremex are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Net Income i.e., Supremex's Net Income and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.05

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

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

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most indicators from Supremex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Supremex 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 Supremex. 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.

As of the 29th of November 2024, Selling General Administrative is likely to drop to about 25.8 M. In addition to that, Tax Provision is likely to drop to about 5.7 M

	2021	2022	2023	2024 (projected)
Gross Profit	53.1M	75.1M	87.2M	52.8M
Total Revenue	226.4M	272.5M	302.2M	198.5M

Gross Profit Total Revenue

Supremex fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Good Will	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	Intangible Assets	Short Term Debt	Current Deferred Revenue
Total Assets		0.62	0.86	0.63	0.94	0.57	0.64	0.92	0.26	0.7	0.98	0.26	0.7	0.65	0.8	0.09	0.78	0.43	0.66	0.29	0.8	0.38	0.68	0.94	-0.3	0.2
Short Long Term Debt Total	0.62		0.51	0.51	0.46	0.77	0.78	0.46	0.45	0.18	0.53	0.31	0.18	0.76	0.2	-0.23	0.74	0.7	0.72	0.03	0.74	0.5	0.77	0.56	0.21	-0.33
Other Current Liab	0.86	0.51		0.7	0.86	0.43	0.42	0.87	0.44	0.65	0.82	0.34	0.65	0.7	0.7	-0.03	0.53	0.44	0.51	0.16	0.6	0.42	0.7	0.77	-0.16	0.08
Total Current Liabilities	0.63	0.51	0.7		0.44	0.72	0.71	0.49	0.7	0.33	0.53	0.2	0.33	0.77	0.22	-0.38	0.68	0.69	0.55	-0.15	0.78	0.73	0.81	0.65	-0.44	0.0
Total Stockholder Equity	0.94	0.46	0.86	0.44		0.33	0.37	0.97	0.07	0.75	0.96	0.34	0.75	0.5	0.9	0.21	0.54	0.22	0.51	0.36	0.55	0.21	0.52	0.82	-0.17	0.23
Property Plant And Equipment Net	0.57	0.77	0.43	0.72	0.33		0.93	0.38	0.57	-0.01	0.44	0.44	-0.01	0.86	-0.02	-0.54	0.8	0.87	0.83	-0.22	0.82	0.81	0.88	0.55	-0.28	-0.39
Net Debt	0.64	0.78	0.42	0.71	0.37	0.93		0.39	0.52	0.12	0.54	0.22	0.12	0.76	0.11	-0.34	0.93	0.78	0.82	-0.06	0.93	0.65	0.81	0.69	-0.41	-0.16
Retained Earnings	0.92	0.46	0.87	0.49	0.97	0.38	0.39		0.14	0.7	0.94	0.4	0.7	0.55	0.87	0.02	0.54	0.26	0.56	0.13	0.55	0.36	0.56	0.82	-0.21	0.17
Accounts Payable	0.26	0.45	0.44	0.7	0.07	0.57	0.52	0.14		-0.15	0.13	0.08	-0.15	0.72	-0.16	-0.58	0.46	0.82	0.41	-0.37	0.53	0.69	0.76	0.33	-0.19	-0.25
Cash	0.7	0.18	0.65	0.33	0.75	-0.01	0.12	0.7	-0.15		0.76	-0.1	1.0	0.08	0.85	0.49	0.36	-0.17	0.15	0.5	0.39	-0.1	0.16	0.64	-0.17	0.4
Non Current Assets Total	0.98	0.53	0.82	0.53	0.96	0.44	0.54	0.94	0.13	0.76		0.19	0.76	0.51	0.88	0.17	0.72	0.27	0.57	0.32	0.72	0.28	0.55	0.94	-0.31	0.32
Non Currrent Assets Other	0.26	0.31	0.34	0.2	0.34	0.44	0.22	0.4	0.08	-0.1	0.19		-0.1	0.6	0.04	-0.41	0.01	0.44	0.56	-0.24	0.04	0.45	0.5	0.04	0.1	-0.65
Cash And Short Term Investments	0.7	0.18	0.65	0.33	0.75	-0.01	0.12	0.7	-0.15	1.0	0.76	-0.1		0.08	0.85	0.49	0.36	-0.17	0.15	0.5	0.39	-0.1	0.16	0.64	-0.17	0.4
Net Receivables	0.65	0.76	0.7	0.77	0.5	0.86	0.76	0.55	0.72	0.08	0.51	0.6	0.08		0.14	-0.5	0.65	0.91	0.82	-0.17	0.71	0.78	0.98	0.56	-0.14	-0.41
Good Will	0.8	0.2	0.7	0.22	0.9	-0.02	0.11	0.87	-0.16	0.85	0.88	0.04	0.85	0.14		0.43	0.37	-0.16	0.23	0.41	0.36	-0.08	0.16	0.73	-0.17	0.52
Common Stock Shares Outstanding	0.09	-0.23	-0.03	-0.38	0.21	-0.54	-0.34	0.02	-0.58	0.49	0.17	-0.41	0.49	-0.5	0.43		-0.16	-0.57	-0.39	0.92	-0.17	-0.86	-0.47	0.03	0.13	0.54
Non Current Liabilities Total	0.78	0.74	0.53	0.68	0.54	0.8	0.93	0.54	0.46	0.36	0.72	0.01	0.36	0.65	0.37	-0.16		0.62	0.74	0.08	0.99	0.55	0.72	0.87	-0.45	0.09
Inventory	0.43	0.7	0.44	0.69	0.22	0.87	0.78	0.26	0.82	-0.17	0.27	0.44	-0.17	0.91	-0.16	-0.57	0.62		0.71	-0.24	0.67	0.77	0.93	0.39	-0.17	-0.48
Other Current Assets	0.66	0.72	0.51	0.55	0.51	0.83	0.82	0.56	0.41	0.15	0.57	0.56	0.15	0.82	0.23	-0.39	0.74	0.71		-0.15	0.72	0.64	0.81	0.59	-0.29	-0.4
Other Stockholder Equity	0.29	0.03	0.16	-0.15	0.36	-0.22	-0.06	0.13	-0.37	0.5	0.32	-0.24	0.5	-0.17	0.41	0.92	0.08	-0.24	-0.15		0.09	-0.64	-0.14	0.21	0.09	0.39
Total Liab	0.8	0.74	0.6	0.78	0.55	0.82	0.93	0.55	0.53	0.39	0.72	0.04	0.39	0.71	0.36	-0.17	0.99	0.67	0.72	0.09		0.59	0.78	0.87	-0.46	0.09
Property Plant And Equipment Gross	0.38	0.5	0.42	0.73	0.21	0.81	0.65	0.36	0.69	-0.1	0.28	0.45	-0.1	0.78	-0.08	-0.86	0.55	0.77	0.64	-0.64	0.59		0.78	0.41	-0.31	-0.39
Total Current Assets	0.68	0.77	0.7	0.81	0.52	0.88	0.81	0.56	0.76	0.16	0.55	0.5	0.16	0.98	0.16	-0.47	0.72	0.93	0.81	-0.14	0.78	0.78		0.61	-0.21	-0.38
Intangible Assets	0.94	0.56	0.77	0.65	0.82	0.55	0.69	0.82	0.33	0.64	0.94	0.04	0.64	0.56	0.73	0.03	0.87	0.39	0.59	0.21	0.87	0.41	0.61		-0.47	0.34
Short Term Debt	-0.3	0.21	-0.16	-0.44	-0.17	-0.28	-0.41	-0.21	-0.19	-0.17	-0.31	0.1	-0.17	-0.14	-0.17	0.13	-0.45	-0.17	-0.29	0.09	-0.46	-0.31	-0.21	-0.47		-0.32
Current Deferred Revenue	0.2	-0.33	0.08	0.0	0.23	-0.39	-0.16	0.17	-0.25	0.4	0.32	-0.65	0.4	-0.41	0.52	0.54	0.09	-0.48	-0.4	0.39	0.09	-0.39	-0.38	0.34	-0.32

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Supremex Account Relationship Matchups

Supremex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	179.6M	186.6M	206.4M	260.6M	273.9M	163.1M
Short Long Term Debt Total	77.5M	75.7M	67.6M	88.1M	89.3M	56.1M
Other Current Liab	6.2M	14.5M	17.0M	18.8M	15.9M	13.6M
Total Current Liabilities	24.9M	32.4M	40.4M	42.7M	31.8M	31.1M
Total Stockholder Equity	76.5M	79.0M	97.4M	124.3M	134.7M	83.0M
Property Plant And Equipment Net	60.6M	55.3M	55.9M	74.2M	81.7M	46.7M
Net Debt	75.2M	72.6M	61.2M	86.2M	88.2M	49.5M
Retained Earnings	(210.7M)	(207.1M)	(185.3M)	(158.0M)	(145.9M)	(153.2M)
Accounts Payable	7.0M	9.5M	11.5M	16.3M	11.3M	11.6M
Cash	2.2M	3.0M	6.4M	1.9M	1.1M	1.0M
Non Current Assets Total	130.6M	133.3M	140.7M	171.9M	201.4M	124.2M
Non Currrent Assets Other	7.4M	4.4M	12.4M	14.7M	21.7M	22.7M
Cash And Short Term Investments	2.2M	3.0M	6.4M	1.9M	1.1M	1.0M
Net Receivables	24.1M	27.2M	33.0M	40.4M	36.1M	27.5M
Good Will	46.2M	49.1M	49.5M	51.2M	59.7M	64.5M
Common Stock Shares Outstanding	28.2M	28.1M	27.2M	26.2M	25.9M	23.0M
Liabilities And Stockholders Equity	179.6M	186.6M	206.4M	260.6M	273.9M	163.1M
Non Current Liabilities Total	78.3M	75.2M	68.6M	93.6M	107.5M	57.6M
Inventory	21.1M	21.7M	24.9M	44.9M	33.4M	21.0M
Other Current Assets	1.7M	1.3M	1.4M	1.5M	1.9M	1.4M
Other Stockholder Equity	277.3M	277.0M	274.2M	272.9M	271.6M	225.5M
Total Liab	103.2M	107.6M	109.0M	136.2M	139.2M	80.1M
Property Plant And Equipment Gross	60.6M	55.3M	125.5M	146.2M	158.2M	166.1M
Total Current Assets	49.1M	53.3M	65.6M	88.7M	72.5M	53.5M
Accumulated Other Comprehensive Income	175.9K	(493.2K)	(559.9K)	534.4K	261.1K	274.1K
Intangible Assets	16.4M	24.4M	22.9M	31.7M	38.2M	20.9M
Short Term Debt	11.7M	8.4M	7.8M	4.1M	4.6M	4.3M
Common Stock Total Equity	9.7M	9.7M	9.6M	9.5M	8.5M	7.8M
Common Stock	9.6M	9.5M	9.0M	8.9M	8.8M	7.6M
Other Liab	8.4M	7.9M	8.7M	9.6M	11.0M	7.2M
Net Tangible Assets	13.9M	5.4M	25.1M	41.4M	47.6M	50.0M
Other Assets	7.4M	4.4M	12.4M	14.7M	16.9M	17.8M
Long Term Debt	50.0M	52.9M	40.9M	54.4M	56.3M	45.8M
Property Plant Equipment	60.6M	55.3M	55.9M	74.2M	85.3M	46.4M
Long Term Debt Total	69.9M	67.3M	59.8M	84.0M	96.6M	59.6M
Capital Surpluse	277.3M	277.0M	274.2M	272.9M	245.6M	221.6M
Net Invested Capital	150.4M	131.9M	138.3M	178.7M	191.0M	164.9M
Net Working Capital	24.1M	20.9M	25.3M	46.0M	40.7M	33.4M

Pair Trading with Supremex

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 Supremex 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 Supremex will appreciate offsetting losses from the drop in the long position's value.

Moving against Supremex Stock

0.45

MSFT

Microsoft Corp CDR

Pair Corr

The ability to find closely correlated positions to Supremex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Supremex 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 Supremex - 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 Supremex to buy it.

The correlation of Supremex 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 Supremex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Supremex 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 Supremex 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 Correlation Correlation Matching

Other Information on Investing in Supremex Stock

Balance Sheet is a snapshot of the financial position of Supremex at a specified time, usually calculated after every quarter, six months, or one year. Supremex Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Supremex 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 Supremex currently owns. An asset can also be divided into two categories, current and non-current.

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Supremex Net Income vs Total Operating Expenses Analysis

Net Income vs Total Operating Expenses

Net Income vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Net Income

Total Operating Expenses

Supremex fundamental ratios Correlations

Supremex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Supremex fundamental ratios Accounts

Pair Trading with Supremex

Moving against Supremex Stock

Other Information on Investing in Supremex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Non Current Liabilities Total
Non Current Assets Total	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Net Receivables
Retained Earnings	+ 0.97	Total Stockholder Equity
Non Current Assets Total	+ 0.96	Total Stockholder Equity

Property Plant And Equipment Gross	- 0.86	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.65	Non Currrent Assets Other
Property Plant And Equipment Gross	- 0.64	Other Stockholder Equity
Common Stock Shares Outstanding	- 0.58	Accounts Payable
Inventory	- 0.57	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.54	Property Plant And Equipment Net