SMA Common Stock vs Other Assets Analysis

0NIF Stock

14.98 0.06 0.40%

SMA Solar financial indicator trend analysis is much more than just breaking down SMA Solar Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SMA Solar Technology is a good investment. Please check the relationship between SMA Solar Common Stock and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SMA Solar Technology. 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.

Common Stock vs Other Assets

Common Stock vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SMA Solar Technology Common Stock account and Other Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between SMA Solar's Common Stock and Other Assets is -0.24. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Other Assets in the same time period over historical financial statements of SMA Solar Technology, assuming nothing else is changed. The correlation between historical values of SMA Solar's Common Stock and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of SMA Solar Technology are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Common Stock i.e., SMA Solar's Common Stock and Other Assets go up and down completely randomly.

Correlation Coefficient

-0.24

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Common Stock

Other Assets

Most indicators from SMA Solar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SMA Solar Technology 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in SMA Solar Technology. 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.

Tax Provision is likely to gain to about (736.2 K) in 2024. Selling General Administrative is likely to drop to about 127.3 M in 2024

	2019	2020	2023	2024 (projected)
Gross Profit	165.8M	166.8M	150.1M	139.5M
Total Revenue	915.1M	1.0B	1.2B	998.9M

Gross Profit Total Revenue

SMA Solar fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Cash	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Other Current Liab	Other Liab	Net Tangible Assets	Accounts Payable
Total Assets		-0.52	-0.61	0.94	0.89	0.79	-0.14	0.77	0.82	-0.65	0.91	-0.77	-0.78	-0.14	-0.7	-0.32	0.91	0.9	0.7	0.95	-0.55	-0.8	0.76	-0.68
Short Long Term Debt Total	-0.52		0.66	-0.6	-0.59	-0.87	0.59	0.09	-0.83	0.85	-0.63	0.84	0.87	0.09	0.34	0.47	-0.52	-0.52	-0.28	-0.63	0.47	0.79	-0.47	0.64
Total Current Liabilities	-0.61	0.66		-0.71	-0.64	-0.65	0.41	-0.29	-0.68	0.94	-0.68	0.56	0.86	0.09	0.61	0.84	-0.48	-0.66	-0.52	-0.7	0.95	0.72	-0.6	0.89
Total Stockholder Equity	0.94	-0.6	-0.71		0.99	0.88	-0.1	0.63	0.91	-0.71	0.99	-0.71	-0.87	-0.26	-0.76	-0.35	0.78	0.98	0.5	0.9	-0.63	-0.73	0.62	-0.82
Retained Earnings	0.89	-0.59	-0.64	0.99		0.88	-0.01	0.58	0.9	-0.64	0.99	-0.68	-0.85	-0.25	-0.78	-0.25	0.7	0.99	0.38	0.86	-0.55	-0.68	0.55	-0.79
Cash	0.79	-0.87	-0.65	0.88	0.88		-0.4	0.24	0.99	-0.77	0.89	-0.84	-0.92	-0.29	-0.53	-0.32	0.74	0.82	0.35	0.8	-0.48	-0.78	0.54	-0.72
Other Assets	-0.14	0.59	0.41	-0.1	-0.01	-0.4		0.3	-0.38	0.51	-0.07	0.39	0.42	-0.07	-0.13	0.41	-0.39	0.03	-0.24	-0.21	0.36	0.49	-0.3	0.07
Long Term Debt	0.77	0.09	-0.29	0.63	0.58	0.24	0.3		0.28	-0.21	0.59	-0.31	-0.32	0.09	-0.67	-0.12	0.6	0.65	0.65	0.69	-0.4	-0.4	0.57	-0.37
Cash And Short Term Investments	0.82	-0.83	-0.68	0.91	0.9	0.99	-0.38	0.28		-0.77	0.91	-0.82	-0.91	-0.34	-0.53	-0.35	0.77	0.85	0.38	0.81	-0.51	-0.78	0.56	-0.75
Net Receivables	-0.65	0.85	0.94	-0.71	-0.64	-0.77	0.51	-0.21	-0.77		-0.68	0.77	0.91	0.1	0.52	0.82	-0.59	-0.62	-0.59	-0.74	0.83	0.86	-0.69	0.87
Good Will	0.91	-0.63	-0.68	0.99	0.99	0.89	-0.07	0.59	0.91	-0.68		-0.72	-0.88	-0.21	-0.79	-0.27	0.72	0.99	0.41	0.9	-0.58	-0.71	0.56	-0.79
Short Term Investments	-0.77	0.84	0.56	-0.71	-0.68	-0.84	0.39	-0.31	-0.82	0.77	-0.72		0.82	-0.01	0.46	0.38	-0.78	-0.63	-0.62	-0.84	0.41	0.88	-0.75	0.62
Inventory	-0.78	0.87	0.86	-0.87	-0.85	-0.92	0.42	-0.32	-0.91	0.91	-0.88	0.82		0.05	0.71	0.54	-0.65	-0.83	-0.43	-0.88	0.75	0.85	-0.61	0.84
Other Current Assets	-0.14	0.09	0.09	-0.26	-0.25	-0.29	-0.07	0.09	-0.34	0.1	-0.21	-0.01	0.05		-0.32	0.14	-0.23	-0.21	-0.01	0.11	-0.1	-0.1	0.11	0.3
Other Stockholder Equity	-0.7	0.34	0.61	-0.76	-0.78	-0.53	-0.13	-0.67	-0.53	0.52	-0.79	0.46	0.71	-0.32		0.23	-0.38	-0.82	-0.31	-0.81	0.68	0.57	-0.5	0.64
Total Liab	-0.32	0.47	0.84	-0.35	-0.25	-0.32	0.41	-0.12	-0.35	0.82	-0.27	0.38	0.54	0.14	0.23		-0.33	-0.25	-0.62	-0.38	0.82	0.58	-0.59	0.71
Total Current Assets	0.91	-0.52	-0.48	0.78	0.7	0.74	-0.39	0.6	0.77	-0.59	0.72	-0.78	-0.65	-0.23	-0.38	-0.33		0.68	0.78	0.8	-0.41	-0.8	0.8	-0.49
Intangible Assets	0.9	-0.52	-0.66	0.98	0.99	0.82	0.03	0.65	0.85	-0.62	0.99	-0.63	-0.83	-0.21	-0.82	-0.25	0.68		0.39	0.88	-0.58	-0.64	0.52	-0.79
Common Stock	0.7	-0.28	-0.52	0.5	0.38	0.35	-0.24	0.65	0.38	-0.59	0.41	-0.62	-0.43	-0.01	-0.31	-0.62	0.78	0.39		0.66	-0.54	-0.71	0.9	-0.49
Property Plant Equipment	0.95	-0.63	-0.7	0.9	0.86	0.8	-0.21	0.69	0.81	-0.74	0.9	-0.84	-0.88	0.11	-0.81	-0.38	0.8	0.88	0.66		-0.66	-0.86	0.77	-0.72
Other Current Liab	-0.55	0.47	0.95	-0.63	-0.55	-0.48	0.36	-0.4	-0.51	0.83	-0.58	0.41	0.75	-0.1	0.68	0.82	-0.41	-0.58	-0.54	-0.66		0.66	-0.63	0.78
Other Liab	-0.8	0.79	0.72	-0.73	-0.68	-0.78	0.49	-0.4	-0.78	0.86	-0.71	0.88	0.85	-0.1	0.57	0.58	-0.8	-0.64	-0.71	-0.86	0.66		-0.87	0.65
Net Tangible Assets	0.76	-0.47	-0.6	0.62	0.55	0.54	-0.3	0.57	0.56	-0.69	0.56	-0.75	-0.61	0.11	-0.5	-0.59	0.8	0.52	0.9	0.77	-0.63	-0.87		-0.57
Accounts Payable	-0.68	0.64	0.89	-0.82	-0.79	-0.72	0.07	-0.37	-0.75	0.87	-0.79	0.62	0.84	0.3	0.64	0.71	-0.49	-0.79	-0.49	-0.72	0.78	0.65	-0.57

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SMA Solar Account Relationship Matchups

SMA Solar fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	989.3M	1.1B	1.1B	946.1M	892.0M
Short Long Term Debt Total	18.1M	15.0M	23.5M	29.7M	34.1M	23.5M
Total Current Liabilities	431.1M	341.6M	352.2M	382.2M	439.6M	389.7M
Total Stockholder Equity	611.5M	424.5M	416.9M	439.1M	395.2M	396.3M
Retained Earnings	257.7M	285.8M	250.0M	305.8M	275.2M	284.6M
Cash	460.3M	320.1M	286.9M	195.8M	176.2M	262.2M
Other Assets	59.1M	64.8M	81.2M	115.9M	133.3M	79.8M
Long Term Debt	18.1M	14.9M	18.8M	19.9M	17.9M	14.8M
Cash And Short Term Investments	473.5M	324.7M	296.1M	238.3M	214.5M	274.8M
Net Receivables	191.1M	178.7M	180.0M	183.2M	210.6M	190.2M
Short Term Investments	13.3M	4.5M	9.2M	42.5M	48.8M	51.3M
Inventory	279.9M	255.5M	273.0M	308.7M	355.0M	258.5M
Other Current Assets	41.5M	50.2M	28.9M	24.9M	28.7M	35.5M
Other Stockholder Equity	5.3M	(523K)	4.2M	3.8M	4.4M	3.0M
Total Liab	604.7M	564.8M	690.4M	612.0M	703.9M	681.5M
Total Current Assets	808.5M	722.7M	719.3M	723.4M	651.0M	608.3M
Intangible Assets	70.1M	35.9M	36.7M	43.8M	39.4M	41.4M
Property Plant Equipment	202.5M	200.1M	187.8M	175.6M	158.1M	160.7M
Other Current Liab	233.5M	164.0M	189.6M	204.1M	234.7M	213.9M
Other Liab	235.9M	240.8M	265.0M	247.9M	285.1M	268.2M
Net Tangible Assets	379.7M	394.9M	345.3M	374.6M	337.1M	301.2M
Accounts Payable	174.7M	144.2M	134.0M	133.4M	153.5M	153.4M

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SMA Common Stock vs Other Assets Analysis

Common Stock vs Other Assets

Common Stock vs Other Assets Correlation Analysis

Correlation Coefficient

Common Stock

Other Assets

SMA Solar fundamental ratios Correlations

SMA Solar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SMA Solar fundamental ratios Accounts

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Additional Tools for SMA Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 0.99	Total Stockholder Equity
Good Will	+ 0.99	Total Stockholder Equity
Good Will	+ 0.99	Retained Earnings
Intangible Assets	+ 0.99	Retained Earnings
Cash And Short Term Investments	+ 0.99	Cash
Intangible Assets	+ 0.99	Good Will

Inventory	- 0.92	Cash
Inventory	- 0.91	Cash And Short Term Investments
Property Plant Equipment	- 0.88	Inventory
Inventory	- 0.88	Good Will
Net Tangible Assets	- 0.87	Other Liab
Inventory	- 0.87	Total Stockholder Equity