Summit Net Receivables vs Retained Earnings Analysis

SUMMITSEC

3,126 34.10 1.10%

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

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Securities Net Receivables account and Retained Earnings. At this time, the significance of the direction appears to have weak relationship.

The correlation between Summit Securities' Net Receivables and Retained Earnings is 0.34. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Summit Securities Limited, assuming nothing else is changed. The correlation between historical values of Summit Securities' Net Receivables and Retained Earnings 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 Receivables of Summit Securities Limited are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Receivables i.e., Summit Securities' Net Receivables and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.34

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Receivables

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Summit Securities' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Summit Securities 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 Summit Securities 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 gross domestic product.

Selling General Administrative is likely to gain to about 8.5 M in 2024. Tax Provision is likely to gain to about 237.7 M in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	618.5M	478.4M	996.8M	1.0B
Total Revenue	643.6M	492.2M	1.0B	1.1B

Gross Profit Total Revenue

Summit Securities fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Other Current Liab	Total Current Liabilities	Retained Earnings	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Intangible Assets	Other Liab	Net Tangible Assets
Total Assets		1.0	0.03	-0.1	-0.82	0.24	-0.23	0.97	1.0	0.93	-0.21	-0.19	0.21	0.87	0.74	1.0	-0.21	-0.43	0.36	0.66	0.05	0.83	0.18	-0.72	0.92	0.88
Total Stockholder Equity	1.0		0.03	-0.09	-0.82	0.25	-0.23	0.97	1.0	0.93	-0.21	-0.19	0.21	0.87	0.74	1.0	-0.21	-0.44	0.36	0.66	0.05	0.83	0.18	-0.72	0.92	0.89
Net Debt	0.03	0.03		-0.95	-0.17	-0.38	0.01	0.05	0.07	0.01	0.01	0.51	-0.1	0.23	0.36	0.05	-0.35	0.5	-0.03	-0.13	-0.02	0.21	0.01	-0.38	-0.02	-0.06
Cash	-0.1	-0.09	-0.95		0.25	0.43	-0.04	-0.13	-0.13	-0.07	-0.05	-0.23	0.05	-0.31	-0.45	-0.12	0.12	-0.23	-0.02	0.15	0.19	-0.29	-0.04	0.39	-0.05	0.0
Other Assets	-0.82	-0.82	-0.17	0.25		0.23	0.16	-0.8	-0.83	-0.6	0.14	0.17	-0.16	-0.93	-0.64	-0.83	0.13	0.37	-0.32	-0.7	0.33	-0.73	-0.57	0.65	-0.74	-0.67
Cash And Short Term Investments	0.24	0.25	-0.38	0.43	0.23		-0.12	0.21	0.2	0.31	-0.12	-0.07	0.14	-0.26	-0.14	0.2	-0.17	-0.2	0.15	0.29	0.75	-0.19	-0.14	0.25	0.37	0.46
Common Stock Shares Outstanding	-0.23	-0.23	0.01	-0.04	0.16	-0.12		-0.24	-0.19	-0.18	1.0	0.27	0.88	-0.17	-0.13	-0.19	-0.14	0.01	0.27	-0.25	-0.17	-0.13	-0.04	0.17	-0.24	-0.25
Other Stockholder Equity	0.97	0.97	0.05	-0.13	-0.8	0.21	-0.24		0.96	0.9	-0.22	-0.22	0.17	0.86	0.74	0.97	-0.19	-0.47	0.37	0.64	0.13	0.82	0.16	-0.77	0.96	0.94
Total Liab	1.0	1.0	0.07	-0.13	-0.83	0.2	-0.19	0.96		0.93	-0.17	-0.17	0.24	0.89	0.76	1.0	-0.22	-0.42	0.37	0.63	0.0	0.86	0.17	-0.74	0.9	0.86
Total Current Assets	0.93	0.93	0.01	-0.07	-0.6	0.31	-0.18	0.9	0.93		-0.16	-0.16	0.22	0.77	0.78	0.93	-0.19	-0.38	0.3	0.41	0.11	0.87	-0.19	-0.76	0.8	0.78
Common Stock	-0.21	-0.21	0.01	-0.05	0.14	-0.12	1.0	-0.22	-0.17	-0.16		0.26	0.88	-0.15	-0.11	-0.17	-0.14	0.0	0.28	-0.25	-0.18	-0.1	-0.04	0.15	-0.22	-0.24
Short Long Term Debt Total	-0.19	-0.19	0.51	-0.23	0.17	-0.07	0.27	-0.22	-0.17	-0.16	0.26		0.16	-0.15	-0.09	-0.19	-0.78	0.89	-0.02	-0.07	0.35	-0.13	-0.09	-0.11	-0.24	-0.22
Property Plant And Equipment Net	0.21	0.21	-0.1	0.05	-0.16	0.14	0.88	0.17	0.24	0.22	0.88	0.16		0.14	0.13	0.24	-0.24	-0.23	0.48	0.12	-0.06	0.16	0.06	-0.05	0.18	0.17
Non Current Assets Total	0.87	0.87	0.23	-0.31	-0.93	-0.26	-0.17	0.86	0.89	0.77	-0.15	-0.15	0.14		0.81	0.89	-0.12	-0.33	0.27	0.51	-0.33	0.92	0.25	-0.85	0.73	0.65
Non Currrent Assets Other	0.74	0.74	0.36	-0.45	-0.64	-0.14	-0.13	0.74	0.76	0.78	-0.11	-0.09	0.13	0.81		0.76	-0.05	-0.23	0.15	0.16	-0.18	0.88	-0.13	-0.82	0.57	0.53
Non Current Liabilities Total	1.0	1.0	0.05	-0.12	-0.83	0.2	-0.19	0.97	1.0	0.93	-0.17	-0.19	0.24	0.89	0.76		-0.2	-0.44	0.37	0.63	0.0	0.85	0.17	-0.74	0.9	0.86
Other Current Liab	-0.21	-0.21	-0.35	0.12	0.13	-0.17	-0.14	-0.19	-0.22	-0.19	-0.14	-0.78	-0.24	-0.12	-0.05	-0.2		-0.52	-0.4	-0.34	-0.46	-0.11	-0.07	0.3	-0.21	-0.22
Total Current Liabilities	-0.43	-0.44	0.5	-0.23	0.37	-0.2	0.01	-0.47	-0.42	-0.38	0.0	0.89	-0.23	-0.33	-0.23	-0.44	-0.52		-0.31	-0.33	0.24	-0.29	-0.2	0.04	-0.5	-0.49
Retained Earnings	0.36	0.36	-0.03	-0.02	-0.32	0.15	0.27	0.37	0.37	0.3	0.28	-0.02	0.48	0.27	0.15	0.37	-0.4	-0.31		0.34	0.08	0.23	0.23	-0.21	0.42	0.41
Net Receivables	0.66	0.66	-0.13	0.15	-0.7	0.29	-0.25	0.64	0.63	0.41	-0.25	-0.07	0.12	0.51	0.16	0.63	-0.34	-0.33	0.34		0.18	0.26	0.67	-0.24	0.73	0.72
Short Term Investments	0.05	0.05	-0.02	0.19	0.33	0.75	-0.17	0.13	0.0	0.11	-0.18	0.35	-0.06	-0.33	-0.18	0.0	-0.46	0.24	0.08	0.18		-0.27	-0.2	0.05	0.28	0.38
Inventory	0.83	0.83	0.21	-0.29	-0.73	-0.19	-0.13	0.82	0.86	0.87	-0.1	-0.13	0.16	0.92	0.88	0.85	-0.11	-0.29	0.23	0.26	-0.27		-0.13	-0.92	0.63	0.57
Other Current Assets	0.18	0.18	0.01	-0.04	-0.57	-0.14	-0.04	0.16	0.17	-0.19	-0.04	-0.09	0.06	0.25	-0.13	0.17	-0.07	-0.2	0.23	0.67	-0.2	-0.13		0.17	0.3	0.26
Intangible Assets	-0.72	-0.72	-0.38	0.39	0.65	0.25	0.17	-0.77	-0.74	-0.76	0.15	-0.11	-0.05	-0.85	-0.82	-0.74	0.3	0.04	-0.21	-0.24	0.05	-0.92	0.17		-0.6	-0.56
Other Liab	0.92	0.92	-0.02	-0.05	-0.74	0.37	-0.24	0.96	0.9	0.8	-0.22	-0.24	0.18	0.73	0.57	0.9	-0.21	-0.5	0.42	0.73	0.28	0.63	0.3	-0.6		0.99
Net Tangible Assets	0.88	0.89	-0.06	0.0	-0.67	0.46	-0.25	0.94	0.86	0.78	-0.24	-0.22	0.17	0.65	0.53	0.86	-0.22	-0.49	0.41	0.72	0.38	0.57	0.26	-0.56	0.99

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Summit Securities Account Relationship Matchups

Summit Securities fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	24.6B	54.4B	49.4B	56.4B	100.8B	105.8B
Total Stockholder Equity	23.0B	49.4B	44.8B	51.1B	90.3B	94.8B
Net Debt	(308.0M)	(57.3M)	(306.4M)	(93.5M)	(33.2M)	(34.8M)
Cash	319.9M	71.9M	317.5M	97.9M	33.2M	31.5M
Other Assets	(2K)	(1K)	4.1M	(100.6B)	(90.6B)	(86.0B)
Cash And Short Term Investments	24.1B	53.5B	48.3B	264.5M	54.3M	51.6M
Liabilities And Stockholders Equity	24.6B	54.4B	49.4B	56.4B	100.8B	105.8B
Other Stockholder Equity	20.1B	46.4B	41.4B	47.3B	85.9B	90.2B
Total Liab	1.6B	5.0B	4.5B	5.3B	10.5B	11.0B
Total Current Assets	24.1B	53.5B	48.3B	265.0M	100.7B	105.7B
Short Long Term Debt Total	11.9M	14.6M	11.1M	4.5M	4.8M	4.5M
Property Plant And Equipment Net	2.1M	2.1M	1.9M	1.8M	2.3M	2.4M
Non Current Assets Total	526.4M	811.5M	1.1B	56.1B	100.7B	105.8B
Non Currrent Assets Other	523.9M	53.5B	(48.0B)	170.5M	100.8B	105.8B
Non Current Liabilities Total	1.6B	5.0B	4.5B	5.3B	10.5B	11.0B
Accumulated Other Comprehensive Income	(271K)	46.4B	41.4B	47.3B	90.2B	94.7B
Other Current Liab	11.0M	10.4M	(21.3M)	4.4M	3.4M	3.3M
Total Current Liabilities	36.3M	35.8M	29.4M	4.4M	3.4M	3.3M
Retained Earnings	2.8B	2.9B	3.3B	3.6B	4.2B	2.6B
Net Receivables	3.3M	2.0M	3.5M	6.4M	3.9M	2.1M
Short Term Investments	23.7B	53.5B	48.0B	166.6M	21.1M	20.1M
Inventory	(523.9M)	(809.4M)	(1.1B)	(1.4B)	100.6B	105.6B
Other Current Assets	15.0M	5.9M	7.2M	1.5B	4.4M	4.2M
Intangible Assets	(479.8M)	(534.1M)	(433.1M)	(340.0M)	(100.9B)	(95.9B)
Other Liab	1.6B	5.0B	4.5B	5.3B	6.1B	6.4B
Net Tangible Assets	36.7B	23.0B	49.4B	44.8B	51.5B	54.1B
Property Plant Equipment	2.1M	2.1M	1.9M	1.8M	2.1M	2.2M
Net Invested Capital	23.0B	49.4B	44.8B	51.1B	90.3B	94.8B
Net Working Capital	298.6M	81.0M	48.3B	267.1M	54.6M	51.9M
Good Will	239.9M	267.1M	216.5M	170.0M	169.9M	174.1M

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Summit Net Receivables vs Retained Earnings Analysis

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Receivables

Retained Earnings

Summit Securities fundamental ratios Correlations

Summit Securities Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Summit Securities fundamental ratios Accounts

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Additional Tools for Summit Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Stockholder Equity
Non Current Liabilities Total	+ 1.0	Total Stockholder Equity
Common Stock	+ 1.0	Common Stock Shares Outstanding

Cash	- 0.95	Net Debt
Non Current Assets Total	- 0.93	Other Assets
Intangible Assets	- 0.92	Inventory
Intangible Assets	- 0.85	Non Current Assets Total
Non Current Liabilities Total	- 0.83	Other Assets
Total Liab	- 0.83	Other Assets