Summit Accounts Payable from 2010 to 2024
| SMC Stock | 34.92 0.16 0.46% |
Accounts Payable | First Reported 2010-12-31 | Previous Quarter 22.7 M | Current Value 13.4 M | Quarterly Volatility 5.5 M |
Check Summit Midstream financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Summit Midstream's main balance sheet or income statement drivers, such as Depreciation And Amortization of 130.8 M, Selling General Administrative of 42.5 M or Selling And Marketing Expenses of 3.2 M, as well as many indicators such as Price To Sales Ratio of 0.79, Dividend Yield of 0.0179 or PTB Ratio of 0.5. Summit financial statements analysis is a perfect complement when working with Summit Midstream Valuation or Volatility modules.
Summit | Accounts Payable |
Latest Summit Midstream's Accounts Payable Growth Pattern
Below is the plot of the Accounts Payable of Summit Midstream over the last few years. An accounting item on the balance sheet that represents Summit Midstream obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Summit Midstream are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. It is the amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities. Summit Midstream's Accounts Payable historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Summit Midstream's overall financial position and show how it may be relating to other accounts over time.
| Accounts Payable | 10 Years Trend |
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Accounts Payable |
| Timeline |
Summit Accounts Payable Regression Statistics
| Arithmetic Mean | 21,110,741 | |
| Geometric Mean | 20,269,208 | |
| Coefficient Of Variation | 25.93 | |
| Mean Deviation | 4,619,446 | |
| Median | 24,415,000 | |
| Standard Deviation | 5,473,208 | |
| Sample Variance | 30T | |
| Range | 13.9M | |
| R-Value | (0.68) | |
| Mean Square Error | 17.4T | |
| R-Squared | 0.46 | |
| Significance | 0.01 | |
| Slope | (830,790) | |
| Total Sum of Squares | 419.4T |
Summit Accounts Payable History
About Summit Midstream Financial Statements
Summit Midstream stakeholders use historical fundamental indicators, such as Summit Midstream's Accounts Payable, to determine how well the company is positioned to perform in the future. Although Summit Midstream investors may analyze each financial statement separately, they are all interrelated. For example, changes in Summit Midstream's assets and liabilities are reflected in the revenues and expenses on Summit Midstream's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Summit Midstream. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Accounts Payable | 22.7 M | 13.4 M |
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Check out the analysis of Summit Midstream Correlation against competitors. For information on how to trade Summit Stock refer to our How to Trade Summit Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Oil & Gas Storage & Transportation space 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 Summit Midstream. If investors know Summit 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 Summit Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 6.19 | Revenue Per Share 44.885 | Quarterly Revenue Growth 0.035 | Return On Assets 0.0226 | Return On Equity 0.1084 |
The market value of Summit Midstream is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Midstream's value that differs from its market value or its book value, called intrinsic value, which is Summit Midstream'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 Summit Midstream's market value can be influenced by many factors that don't directly affect Summit Midstream'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 Summit Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Midstream'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.