Smith Net Tangible Assets vs Intangible Assets Analysis
SNN Stock | USD 24.45 0.57 2.39% |
Smith Nephew financial indicator trend analysis is much more than just breaking down Smith Nephew SNATS prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Smith Nephew SNATS is a good investment. Please check the relationship between Smith Nephew Net Tangible Assets and its Intangible Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smith Nephew SNATS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Net Tangible Assets vs Intangible Assets
Net Tangible Assets vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Smith Nephew SNATS Net Tangible Assets account and Intangible Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Smith Nephew's Net Tangible Assets and Intangible Assets is 0.28. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Smith Nephew SNATS, assuming nothing else is changed. The correlation between historical values of Smith Nephew's Net Tangible Assets and Intangible 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 Net Tangible Assets of Smith Nephew SNATS are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Net Tangible Assets i.e., Smith Nephew's Net Tangible Assets and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Most indicators from Smith Nephew's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smith Nephew SNATS 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 Smith Nephew SNATS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. As of the 26th of April 2024, Selling General Administrative is likely to drop to about 364.8 M. In addition to that, Tax Provision is likely to drop to about 25.6 M
2021 | 2023 | 2024 (projected) | Interest Expense | 80M | 132M | 138.6M | Depreciation And Amortization | 466M | 527M | 553.4M |
Smith Nephew fundamental ratios Correlations
Click cells to compare fundamentals
Smith Nephew Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Smith Nephew fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.3B | 11.0B | 10.9B | 10.0B | 10.0B | 10.5B | |
Short Long Term Debt Total | 2.0B | 3.7B | 3.3B | 2.9B | 3.1B | 3.2B | |
Other Current Liab | 623M | 797M | 1.1B | 686M | 272M | 370.7M | |
Total Current Liabilities | 1.6B | 1.7B | 2.1B | 1.7B | 2.3B | 2.4B | |
Total Stockholder Equity | 5.1B | 5.3B | 5.6B | 5.3B | 5.2B | 5.5B | |
Property Plant And Equipment Net | 1.3B | 1.4B | 1.5B | 1.5B | 1.5B | 746.7M | |
Net Debt | 1.8B | 1.9B | 2.0B | 2.5B | 2.8B | 2.9B | |
Retained Earnings | 4.8B | 5.0B | 5.2B | 5.0B | 4.9B | 5.2B | |
Accounts Payable | 941M | 891M | 1.0B | 1.0B | 1.0B | 1.1B | |
Cash | 277M | 1.8B | 1.3B | 350M | 302M | 278.3M | |
Non Current Assets Total | 5.8B | 6.0B | 6.1B | 5.8B | 6.0B | 6.3B | |
Non Currrent Assets Other | (150M) | (202M) | (201M) | (177M) | 87M | 91.4M | |
Cash And Short Term Investments | 277M | 1.8B | 1.3B | 350M | 302M | 293.6M | |
Liabilities And Stockholders Equity | 9.3B | 11.0B | 10.9B | 10.0B | 10.0B | 10.5B | |
Non Current Liabilities Total | 1.9B | 3.2B | 2.7B | 2.6B | 2.5B | 2.6B | |
Inventory | 1.6B | 1.7B | 1.8B | 2.2B | 2.4B | 2.5B | |
Other Current Assets | 246M | 300M | 319M | 274M | 92M | 87.4M | |
Other Stockholder Equity | 115M | 144M | 166M | 58M | 521M | 547.1M | |
Total Liab | 4.2B | 5.7B | 5.4B | 4.7B | 4.8B | 5.0B | |
Total Current Assets | 3.2B | 4.7B | 4.4B | 3.9B | 4.0B | 4.2B | |
Short Term Debt | 72M | 337M | 491M | 160M | 765M | 803.3M | |
Intangible Assets | 1.6B | 1.5B | 1.4B | 1.2B | 1.1B | 817.0M | |
Other Liab | 619M | 692M | 373M | 280M | 322M | 358.7M | |
Other Assets | 291M | 368M | 398M | 330M | 379.5M | 222.3M | |
Long Term Debt | 1.8B | 3.2B | 2.7B | 2.6B | 2.2B | 1.2B | |
Good Will | 2.8B | 2.9B | 3.0B | 3.0B | 3.0B | 1.7B | |
Property Plant Equipment | 1.3B | 1.4B | 1.5B | 1.5B | 1.7B | 929.0M | |
Current Deferred Revenue | (72M) | (337M) | (491M) | (160M) | 218M | 228.9M | |
Net Receivables | 1.1B | 911M | 971M | 1.0B | 1.2B | 897.5M | |
Property Plant And Equipment Gross | 1.3B | 1.4B | 4.0B | 4.0B | 4.2B | 4.5B | |
Accumulated Other Comprehensive Income | (306M) | (311M) | (328M) | (439M) | (385M) | (404.3M) | |
Treasury Stock | (214M) | (189M) | (157M) | (120M) | (138M) | (144.9M) | |
Net Tangible Assets | 785M | 865M | 1.2B | 992M | 1.1B | 871.3M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Smith Nephew in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Smith Nephew's short interest history, or implied volatility extrapolated from Smith Nephew options trading.
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When determining whether Smith Nephew SNATS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Smith Nephew's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Smith Nephew Snats Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Smith Nephew Snats Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smith Nephew SNATS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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When running Smith Nephew's price analysis, check to measure Smith Nephew'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 Smith Nephew is operating at the current time. Most of Smith Nephew's value examination focuses on studying past and present price action to predict the probability of Smith Nephew's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smith Nephew's price. Additionally, you may evaluate how the addition of Smith Nephew to your portfolios can decrease your overall portfolio volatility.
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Is Smith Nephew's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Smith Nephew. If investors know Smith will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Smith Nephew listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.983 | Dividend Share 0.375 | Earnings Share 0.6 | Revenue Per Share 2.5484 | Quarterly Revenue Growth 0.076 |
The market value of Smith Nephew SNATS is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith Nephew's value that differs from its market value or its book value, called intrinsic value, which is Smith Nephew's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Smith Nephew's market value can be influenced by many factors that don't directly affect Smith Nephew's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Smith Nephew's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Nephew is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith Nephew's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.