Summit Total Current Assets vs Depreciation And Amortization Analysis

SUMMITSEC   3,566  139.00  4.06%   
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 Total Current Assets and its Depreciation And Amortization 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.

Total Current Assets vs Depreciation And Amortization

Total Current Assets vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Securities Total Current Assets account and Depreciation And Amortization. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Summit Securities' Total Current Assets and Depreciation And Amortization is -0.29. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Depreciation And Amortization 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' Total Current Assets and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Summit Securities Limited are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Current Assets i.e., Summit Securities' Total Current Assets and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

-0.29
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
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 Profit618.5M478.4M996.8M1.0B
Total Revenue643.6M492.2M1.0B1.1B

Summit Securities fundamental ratios Correlations

1.00.03-0.1-0.820.24-0.230.971.00.93-0.21-0.190.210.870.811.0-0.21-0.430.360.660.050.830.18-0.720.920.88
1.00.03-0.09-0.820.25-0.230.971.00.93-0.21-0.190.210.870.811.0-0.21-0.440.360.660.050.830.18-0.720.920.89
0.030.03-0.95-0.17-0.380.010.050.070.010.010.51-0.10.230.30.05-0.350.5-0.03-0.13-0.020.210.01-0.38-0.02-0.06
-0.1-0.09-0.950.250.43-0.04-0.13-0.13-0.07-0.05-0.230.05-0.31-0.38-0.120.12-0.23-0.020.150.19-0.29-0.040.39-0.050.0
-0.82-0.82-0.170.250.230.16-0.8-0.83-0.60.140.17-0.16-0.93-0.71-0.830.130.37-0.32-0.70.33-0.73-0.570.65-0.74-0.67
0.240.25-0.380.430.23-0.120.210.20.31-0.12-0.070.14-0.26-0.170.2-0.17-0.20.150.290.75-0.19-0.140.250.370.46
-0.23-0.230.01-0.040.16-0.12-0.24-0.19-0.181.00.270.88-0.17-0.13-0.19-0.140.010.27-0.25-0.17-0.13-0.040.17-0.24-0.25
0.970.970.05-0.13-0.80.21-0.240.960.9-0.22-0.220.170.860.80.97-0.19-0.470.370.640.130.820.16-0.770.960.94
1.01.00.07-0.13-0.830.2-0.190.960.93-0.17-0.170.240.890.831.0-0.22-0.420.370.630.00.860.17-0.740.90.86
0.930.930.01-0.07-0.60.31-0.180.90.93-0.16-0.160.220.770.850.93-0.19-0.380.30.410.110.87-0.19-0.760.80.78
-0.21-0.210.01-0.050.14-0.121.0-0.22-0.17-0.160.260.88-0.15-0.11-0.17-0.140.00.28-0.25-0.18-0.1-0.040.15-0.22-0.24
-0.19-0.190.51-0.230.17-0.070.27-0.22-0.17-0.160.260.16-0.15-0.11-0.19-0.780.89-0.02-0.070.35-0.13-0.09-0.11-0.24-0.22
0.210.21-0.10.05-0.160.140.880.170.240.220.880.160.140.150.24-0.24-0.230.480.12-0.060.160.06-0.050.180.17
0.870.870.23-0.31-0.93-0.26-0.170.860.890.77-0.15-0.150.140.890.89-0.12-0.330.270.51-0.330.920.25-0.850.730.65
0.810.810.3-0.38-0.71-0.17-0.130.80.830.85-0.11-0.110.150.890.83-0.08-0.270.20.22-0.230.97-0.13-0.890.620.57
1.01.00.05-0.12-0.830.2-0.190.971.00.93-0.17-0.190.240.890.83-0.2-0.440.370.630.00.850.17-0.740.90.86
-0.21-0.21-0.350.120.13-0.17-0.14-0.19-0.22-0.19-0.14-0.78-0.24-0.12-0.08-0.2-0.52-0.4-0.34-0.46-0.11-0.070.3-0.21-0.22
-0.43-0.440.5-0.230.37-0.20.01-0.47-0.42-0.380.00.89-0.23-0.33-0.27-0.44-0.52-0.31-0.330.24-0.29-0.20.04-0.5-0.49
0.360.36-0.03-0.02-0.320.150.270.370.370.30.28-0.020.480.270.20.37-0.4-0.310.340.080.230.23-0.210.420.41
0.660.66-0.130.15-0.70.29-0.250.640.630.41-0.25-0.070.120.510.220.63-0.34-0.330.340.180.260.67-0.240.730.72
0.050.05-0.020.190.330.75-0.170.130.00.11-0.180.35-0.06-0.33-0.230.0-0.460.240.080.18-0.27-0.20.050.280.38
0.830.830.21-0.29-0.73-0.19-0.130.820.860.87-0.1-0.130.160.920.970.85-0.11-0.290.230.26-0.27-0.13-0.920.630.57
0.180.180.01-0.04-0.57-0.14-0.040.160.17-0.19-0.04-0.090.060.25-0.130.17-0.07-0.20.230.67-0.2-0.130.170.30.26
-0.72-0.72-0.380.390.650.250.17-0.77-0.74-0.760.15-0.11-0.05-0.85-0.89-0.740.30.04-0.21-0.240.05-0.920.17-0.6-0.56
0.920.92-0.02-0.05-0.740.37-0.240.960.90.8-0.22-0.240.180.730.620.9-0.21-0.50.420.730.280.630.3-0.60.99
0.880.89-0.060.0-0.670.46-0.250.940.860.78-0.24-0.220.170.650.570.86-0.22-0.490.410.720.380.570.26-0.560.99
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Summit Securities Account Relationship Matchups

Summit Securities fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets24.6B54.4B49.4B56.4B100.8B105.8B
Total Stockholder Equity23.0B49.4B44.8B51.1B90.3B94.8B
Net Debt(308.0M)(57.3M)(306.4M)(93.5M)(33.2M)(34.8M)
Cash319.9M71.9M317.5M97.9M33.2M31.5M
Other Assets(2K)(1K)4.1M(100.6B)(90.6B)(86.0B)
Cash And Short Term Investments24.1B53.5B48.3B264.5M54.3M51.6M
Liabilities And Stockholders Equity24.6B54.4B49.4B56.4B100.8B105.8B
Other Stockholder Equity20.1B46.4B41.4B47.3B85.9B90.2B
Total Liab1.6B5.0B4.5B5.3B10.5B11.0B
Total Current Assets24.1B53.5B48.3B265.0M100.7B105.7B
Short Long Term Debt Total11.9M14.6M11.1M4.5M4.8M4.5M
Property Plant And Equipment Net2.1M2.1M1.9M1.8M2.3M2.4M
Non Current Assets Total526.4M811.5M1.1B56.1B100.7B105.8B
Non Currrent Assets Other523.9M53.5B(48.0B)170.5M201.4B211.5B
Non Current Liabilities Total1.6B5.0B4.5B5.3B10.5B11.0B
Accumulated Other Comprehensive Income(271K)46.4B41.4B47.3B90.2B94.7B
Other Current Liab11.0M10.4M(21.3M)4.4M3.4M3.3M
Total Current Liabilities36.3M35.8M29.4M4.4M3.4M3.3M
Retained Earnings2.8B2.9B3.3B3.6B4.2B2.6B
Net Receivables3.3M2.0M3.5M6.4M3.9M2.1M
Short Term Investments23.7B53.5B48.0B166.6M21.1M20.1M
Inventory(523.9M)(809.4M)(1.1B)(1.4B)100.6B105.6B
Other Current Assets15.0M5.9M7.2M1.5B4.4M4.2M
Intangible Assets(479.8M)(534.1M)(433.1M)(340.0M)(100.9B)(95.9B)
Other Liab1.6B5.0B4.5B5.3B6.1B6.4B
Net Tangible Assets36.7B23.0B49.4B44.8B51.5B54.1B
Property Plant Equipment2.1M2.1M1.9M1.8M2.1M2.2M
Net Invested Capital23.0B49.4B44.8B51.1B90.3B94.8B
Net Working Capital298.6M81.0M48.3B267.1M54.6M51.9M
Good Will239.9M267.1M216.5M170.0M169.9M174.1M

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