Summit Total Current Liabilities vs Property Plant Equipment Analysis

SUMMITSEC   3,435  130.65  3.66%   
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 Liabilities and its Property Plant Equipment 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 Liabilities vs Property Plant Equipment

Total Current Liabilities vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Securities Total Current Liabilities account and Property Plant Equipment. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Summit Securities' Total Current Liabilities and Property Plant Equipment is -0.47. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Property Plant Equipment 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 Liabilities and Property Plant Equipment 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 Liabilities of Summit Securities Limited are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Current Liabilities i.e., Summit Securities' Total Current Liabilities and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

-0.47
Relationship DirectionNegative 
Relationship StrengthVery Weak

Total Current Liabilities

Total Current Liabilities is an item on Summit Securities balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Summit Securities Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Property Plant Equipment

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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