Sleep Net Income Per Share vs Income Quality Analysis

SNBR Stock

USD 20.24 0.17 0.83%

Sleep Number financial indicator trend analysis is much more than just breaking down Sleep Number Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sleep Number Corp is a good investment. Please check the relationship between Sleep Number Net Income Per Share and its Income Quality accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sleep Number Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Net Income Per Share vs Income Quality

Net Income Per Share vs Income Quality Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sleep Number Corp Net Income Per Share account and Income Quality. At this time, the significance of the direction appears to have strong relationship.

The correlation between Sleep Number's Net Income Per Share and Income Quality is 0.61. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Income Quality in the same time period over historical financial statements of Sleep Number Corp, assuming nothing else is changed. The correlation between historical values of Sleep Number's Net Income Per Share and Income Quality 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 Per Share of Sleep Number Corp are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Net Income Per Share i.e., Sleep Number's Net Income Per Share and Income Quality go up and down completely randomly.

Correlation Coefficient

0.61

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Income Per Share

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Most indicators from Sleep Number's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sleep Number Corp 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 Sleep Number Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

At this time, Sleep Number's Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 12/13/2024, Enterprise Value Over EBITDA is likely to grow to 10.31, though Tax Provision is likely to grow to (4.2 M).

	2021	2022	2023	2024 (projected)
Gross Profit	1.3B	1.2B	1.1B	637.5M
Total Revenue	2.2B	2.1B	1.9B	1.0B

Gross Profit Total Revenue

Sleep Number 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	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	Short Term Debt	Common Stock	Common Stock Total Equity	Short Term Investments
Total Assets		0.92	0.77	0.96	-0.83	0.98	0.92	-0.81	0.69	-0.57	0.99	0.39	-0.54	0.47	-0.34	0.95	0.92	0.92	-0.05	0.96	0.91	0.38	0.91	0.49	-0.46	0.53
Short Long Term Debt Total	0.92		0.74	0.96	-0.95	0.94	1.0	-0.95	0.5	-0.49	0.93	0.42	-0.51	0.22	-0.54	0.98	0.77	0.9	-0.14	0.98	0.94	0.18	0.99	0.22	-0.57	0.6
Other Current Liab	0.77	0.74		0.81	-0.77	0.79	0.77	-0.75	0.55	-0.71	0.81	0.38	-0.74	0.23	-0.46	0.78	0.8	0.82	0.28	0.8	0.82	-0.05	0.75	0.28	-0.56	0.29
Total Current Liabilities	0.96	0.96	0.81		-0.95	0.97	0.97	-0.94	0.66	-0.61	0.97	0.5	-0.62	0.35	-0.51	0.97	0.89	0.96	-0.04	1.0	0.92	0.22	0.97	0.32	-0.6	0.54
Total Stockholder Equity	-0.83	-0.95	-0.77	-0.95		-0.89	-0.96	1.0	-0.53	0.61	-0.88	-0.47	0.66	-0.18	0.72	-0.94	-0.73	-0.92	0.06	-0.95	-0.86	0.01	-0.94	-0.05	0.75	-0.49
Property Plant And Equipment Net	0.98	0.94	0.79	0.97	-0.89		0.96	-0.87	0.66	-0.65	1.0	0.35	-0.63	0.4	-0.49	0.99	0.88	0.94	-0.05	0.98	0.91	0.23	0.93	0.34	-0.6	0.5
Net Debt	0.92	1.0	0.77	0.97	-0.96	0.96		-0.95	0.53	-0.56	0.94	0.43	-0.57	0.24	-0.57	0.98	0.79	0.92	-0.12	0.98	0.94	0.14	0.99	0.2	-0.61	0.58
Retained Earnings	-0.81	-0.95	-0.75	-0.94	1.0	-0.87	-0.95		-0.5	0.57	-0.86	-0.47	0.63	-0.15	0.71	-0.93	-0.7	-0.9	0.08	-0.94	-0.85	0.02	-0.94	-0.03	0.73	-0.49
Accounts Payable	0.69	0.5	0.55	0.66	-0.53	0.66	0.53	-0.5		-0.56	0.69	0.17	-0.53	0.54	-0.19	0.57	0.8	0.63	0.27	0.63	0.45	0.43	0.52	0.55	-0.44	0.2
Cash	-0.57	-0.49	-0.71	-0.61	0.61	-0.65	-0.56	0.57	-0.56		-0.66	-0.29	0.95	-0.35	0.69	-0.6	-0.7	-0.65	-0.19	-0.61	-0.55	0.33	-0.52	0.11	0.79	-0.06
Non Current Assets Total	0.99	0.93	0.81	0.97	-0.88	1.0	0.94	-0.86	0.69	-0.66		0.38	-0.65	0.44	-0.46	0.97	0.91	0.94	-0.04	0.98	0.92	0.25	0.92	0.38	-0.57	0.48
Non Currrent Assets Other	0.39	0.42	0.38	0.5	-0.47	0.35	0.43	-0.47	0.17	-0.29	0.38		-0.29	0.25	-0.2	0.37	0.46	0.57	-0.4	0.45	0.49	0.11	0.5	0.12	-0.2	0.15
Cash And Short Term Investments	-0.54	-0.51	-0.74	-0.62	0.66	-0.63	-0.57	0.63	-0.53	0.95	-0.65	-0.29		-0.34	0.73	-0.62	-0.68	-0.66	-0.14	-0.62	-0.55	0.41	-0.53	0.14	0.82	0.09
Net Receivables	0.47	0.22	0.23	0.35	-0.18	0.4	0.24	-0.15	0.54	-0.35	0.44	0.25	-0.34		0.07	0.31	0.59	0.38	-0.09	0.34	0.27	0.49	0.26	0.49	-0.11	-0.01
Common Stock Shares Outstanding	-0.34	-0.54	-0.46	-0.51	0.72	-0.49	-0.57	0.71	-0.19	0.69	-0.46	-0.2	0.73	0.07		-0.57	-0.28	-0.53	-0.02	-0.54	-0.44	0.54	-0.52	0.59	0.94	-0.16
Non Current Liabilities Total	0.95	0.98	0.78	0.97	-0.94	0.99	0.98	-0.93	0.57	-0.6	0.97	0.37	-0.62	0.31	-0.57		0.81	0.94	-0.1	0.99	0.92	0.16	0.95	0.23	-0.64	0.52
Inventory	0.92	0.77	0.8	0.89	-0.73	0.88	0.79	-0.7	0.8	-0.7	0.91	0.46	-0.68	0.59	-0.28	0.81		0.84	0.05	0.87	0.83	0.29	0.81	0.52	-0.43	0.29
Other Current Assets	0.92	0.9	0.82	0.96	-0.92	0.94	0.92	-0.9	0.63	-0.65	0.94	0.57	-0.66	0.38	-0.53	0.94	0.84		-0.1	0.96	0.86	0.18	0.9	0.3	-0.63	0.46
Other Stockholder Equity	-0.05	-0.14	0.28	-0.04	0.06	-0.05	-0.12	0.08	0.27	-0.19	-0.04	-0.4	-0.14	-0.09	-0.02	-0.1	0.05	-0.1		-0.06	-0.12	-0.07	-0.12	0.08	-0.12	0.11
Total Liab	0.96	0.98	0.8	1.0	-0.95	0.98	0.98	-0.94	0.63	-0.61	0.98	0.45	-0.62	0.34	-0.54	0.99	0.87	0.96	-0.06		0.93	0.2	0.97	0.29	-0.62	0.53
Property Plant And Equipment Gross	0.91	0.94	0.82	0.92	-0.86	0.91	0.94	-0.85	0.45	-0.55	0.92	0.49	-0.55	0.27	-0.44	0.92	0.83	0.86	-0.12	0.93		0.15	0.96	0.27	-0.45	0.51
Total Current Assets	0.38	0.18	-0.05	0.22	0.01	0.23	0.14	0.02	0.43	0.33	0.25	0.11	0.41	0.49	0.54	0.16	0.29	0.18	-0.07	0.2	0.15		0.18	0.81	0.38	0.4
Short Term Debt	0.91	0.99	0.75	0.97	-0.94	0.93	0.99	-0.94	0.52	-0.52	0.92	0.5	-0.53	0.26	-0.52	0.95	0.81	0.9	-0.12	0.97	0.96	0.18		0.24	-0.54	0.6
Common Stock	0.49	0.22	0.28	0.32	-0.05	0.34	0.2	-0.03	0.55	0.11	0.38	0.12	0.14	0.49	0.59	0.23	0.52	0.3	0.08	0.29	0.27	0.81	0.24		0.37	0.23
Common Stock Total Equity	-0.46	-0.57	-0.56	-0.6	0.75	-0.6	-0.61	0.73	-0.44	0.79	-0.57	-0.2	0.82	-0.11	0.94	-0.64	-0.43	-0.63	-0.12	-0.62	-0.45	0.38	-0.54	0.37		-0.17
Short Term Investments	0.53	0.6	0.29	0.54	-0.49	0.5	0.58	-0.49	0.2	-0.06	0.48	0.15	0.09	-0.01	-0.16	0.52	0.29	0.46	0.11	0.53	0.51	0.4	0.6	0.23	-0.17

Click cells to compare fundamentals

Sleep Number Account Relationship Matchups

Sleep Number fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	806.0M	800.1M	919.5M	953.9M	950.9M	998.4M
Short Long Term Debt Total	588.7M	589.4M	791.1M	896.0M	972.7M	1.0B
Other Current Liab	135.4M	127.1M	101.3M	81.3M	161.8M	169.9M
Total Current Liabilities	594.8M	655.9M	906.8M	929.8M	936.1M	982.9M
Total Stockholder Equity	(159.4M)	(224.0M)	(425.0M)	(438.2M)	(441.9M)	(419.8M)
Property Plant And Equipment Net	524.4M	489.4M	566.3M	598.4M	574.9M	603.7M
Net Debt	587.1M	585.1M	788.7M	894.2M	970.1M	1.0B
Retained Earnings	(159.7M)	(224.2M)	(429.2M)	(443.6M)	(458.9M)	(435.9M)
Accounts Payable	134.6M	91.9M	162.5M	176.2M	135.9M	75.7M
Cash	1.6M	4.2M	2.4M	1.8M	2.5M	2.4M
Non Current Assets Total	645.7M	618.3M	711.9M	756.2M	744.8M	782.0M
Non Currrent Assets Other	(101.4M)	56.0M	75.2M	26.2M	81.8M	85.8M
Cash And Short Term Investments	1.6M	4.2M	2.4M	1.8M	2.5M	2.4M
Net Receivables	20.0M	31.9M	25.7M	26.0M	26.9M	17.6M
Common Stock Shares Outstanding	30.4M	28.4M	24.9M	22.9M	22.4M	35.6M
Liabilities And Stockholders Equity	806.0M	800.1M	919.5M	953.9M	950.9M	998.4M
Non Current Liabilities Total	370.7M	368.2M	437.7M	462.3M	456.7M	479.6M
Inventory	87.1M	81.4M	105.6M	114.0M	115.4M	121.2M
Other Current Assets	36.4M	64.3M	73.9M	55.9M	61.3M	64.4M
Total Liab	965.5M	1.0B	1.3B	1.4B	1.4B	1.5B
Property Plant And Equipment Gross	524.4M	489.4M	566.3M	598.4M	1.0B	1.1B
Total Current Assets	160.4M	181.8M	207.6M	197.8M	206.1M	139.7M
Short Term Debt	290.6M	306.3M	454.9M	539.1M	621.3M	652.3M
Common Stock	280K	254K	227K	220K	222K	233.1K
Common Stock Total Equity	280K	254K	227K	220K	253K	420.5K
Other Liab	72.6M	84.4M	101.0M	105.4M	121.2M	127.3M
Other Assets	48.0M	56.0M	75.2M	89.8M	(138.8M)	(131.8M)
Property Plant Equipment	197.4M	175.2M	566.3M	200.6M	230.7M	137.7M
Current Deferred Revenue	34.2M	72.0M	129.5M	73.2M	85.6M	89.8M
Intangible Assets	9.2M	8.9M	6.5M	4.1M	2.6M	2.5M
Net Tangible Assets	(232.7M)	(296.8M)	(495.4M)	(506.2M)	(455.6M)	(432.8M)
Retained Earnings Total Equity	(159.7M)	(224.2M)	(429.2M)	(443.6M)	(399.2M)	(379.3M)
Deferred Long Term Liab	3.8M	242K	688K	55.6M	63.9M	67.1M
Non Current Liabilities Other	366.9M	367.9M	100.8M	462.3M	105.3M	100.1M

Pair Trading with Sleep Number

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

Moving together with Sleep Stock

0.71

Wayfair

Pair Corr

Moving against Sleep Stock

0.45	BQ	Boqii Holding Limited	Pair Corr
0.38	WEYS	Weyco Group	Pair Corr
0.37	LB	LandBridge Company	Pair Corr

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

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

Additional Tools for Sleep Stock Analysis

When running Sleep Number's price analysis, check to measure Sleep Number'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 Sleep Number is operating at the current time. Most of Sleep Number's value examination focuses on studying past and present price action to predict the probability of Sleep Number's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sleep Number's price. Additionally, you may evaluate how the addition of Sleep Number to your portfolios can decrease your overall portfolio volatility.

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