Suncor Net Receivables vs Inventory Analysis

SU Stock

USD 34.50 0.11 0.32%

Suncor Energy financial indicator trend analysis is much more than just breaking down Suncor Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Suncor Energy is a good investment. Please check the relationship between Suncor Energy Net Receivables and its Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Suncor Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Suncor Stock please use our How to Invest in Suncor Energy guide.

Net Receivables vs Inventory

Net Receivables vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Suncor Energy Net Receivables account and Inventory. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Suncor Energy's Net Receivables and Inventory is 0.93. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Inventory in the same time period over historical financial statements of Suncor Energy, assuming nothing else is changed. The correlation between historical values of Suncor Energy's Net Receivables and Inventory 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 Suncor Energy are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Receivables i.e., Suncor Energy's Net Receivables and Inventory go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Inventory

Most indicators from Suncor Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Suncor Energy 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 Suncor Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Suncor Stock please use our How to Invest in Suncor Energy guide.At this time, Suncor Energy's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.18 in 2024, whereas Enterprise Value Multiple is likely to drop 3.61 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	19.5B	28.8B	21.9B	23.0B
Total Revenue	39.1B	58.3B	52.2B	54.8B

Gross Profit Total Revenue

Suncor Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Assets	Other Current Assets	Common Stock Total Equity	Common Stock
Total Assets		0.89	0.32	0.89	0.98	0.99	0.76	0.74	0.63	0.43	0.99	0.16	0.43	0.41	0.87	0.97	0.54	-0.28	0.98	0.43	0.57	0.49	0.26	0.23	0.75	0.96
Short Long Term Debt Total	0.89		0.1	0.76	0.78	0.92	0.96	0.38	0.41	0.12	0.92	0.07	0.12	0.19	0.73	0.97	0.42	-0.4	0.95	0.4	0.3	0.71	0.42	0.23	0.73	0.92
Other Current Liab	0.32	0.1		0.49	0.35	0.23	0.0	0.53	0.78	0.37	0.25	0.08	0.37	0.82	0.2	0.21	0.78	-0.08	0.29	0.64	0.8	-0.02	0.33	0.3	0.46	0.19
Total Current Liabilities	0.89	0.76	0.49		0.84	0.84	0.65	0.64	0.72	0.36	0.85	0.24	0.36	0.56	0.76	0.83	0.63	-0.12	0.9	0.46	0.64	0.58	0.24	0.23	0.65	0.83
Total Stockholder Equity	0.98	0.78	0.35	0.84		0.95	0.61	0.86	0.64	0.56	0.96	0.17	0.56	0.42	0.88	0.9	0.51	-0.23	0.91	0.38	0.61	0.34	0.15	0.21	0.69	0.92
Property Plant And Equipment Net	0.99	0.92	0.23	0.84	0.95		0.81	0.67	0.55	0.35	1.0	0.08	0.35	0.3	0.87	0.98	0.48	-0.37	0.98	0.41	0.46	0.55	0.3	0.21	0.76	0.98
Net Debt	0.76	0.96	0.0	0.65	0.61	0.81		0.15	0.31	-0.17	0.81	0.06	-0.17	0.09	0.57	0.89	0.37	-0.4	0.86	0.43	0.12	0.77	0.57	0.22	0.71	0.83
Retained Earnings	0.74	0.38	0.53	0.64	0.86	0.67	0.15		0.66	0.79	0.68	0.12	0.79	0.55	0.66	0.57	0.49	-0.1	0.61	0.31	0.74	-0.08	-0.08	0.19	0.45	0.59
Accounts Payable	0.63	0.41	0.78	0.72	0.64	0.55	0.31	0.66		0.34	0.58	0.31	0.34	0.91	0.55	0.53	0.95	-0.03	0.59	0.78	0.91	0.09	0.49	0.39	0.79	0.57
Cash	0.43	0.12	0.37	0.36	0.56	0.35	-0.17	0.79	0.34		0.35	0.01	1.0	0.34	0.53	0.26	0.17	0.02	0.29	-0.13	0.6	-0.21	-0.51	0.04	0.06	0.28
Non Current Assets Total	0.99	0.92	0.25	0.85	0.96	1.0	0.81	0.68	0.58	0.35		0.14	0.35	0.33	0.87	0.98	0.5	-0.32	0.98	0.42	0.48	0.54	0.3	0.2	0.76	0.98
Non Currrent Assets Other	0.16	0.07	0.08	0.24	0.17	0.08	0.06	0.12	0.31	0.01	0.14		0.01	0.22	0.25	0.11	0.21	0.85	0.14	0.04	0.18	-0.03	-0.03	-0.3	0.13	0.17
Cash And Short Term Investments	0.43	0.12	0.37	0.36	0.56	0.35	-0.17	0.79	0.34	1.0	0.35	0.01		0.34	0.53	0.26	0.17	0.02	0.29	-0.13	0.6	-0.21	-0.51	0.04	0.06	0.28
Net Receivables	0.41	0.19	0.82	0.56	0.42	0.3	0.09	0.55	0.91	0.34	0.33	0.22	0.34		0.3	0.31	0.93	0.02	0.38	0.74	0.94	-0.04	0.41	0.54	0.62	0.31
Common Stock Shares Outstanding	0.87	0.73	0.2	0.76	0.88	0.87	0.57	0.66	0.55	0.53	0.87	0.25	0.53	0.3		0.81	0.39	-0.09	0.82	0.2	0.49	0.44	0.02	0.06	0.66	0.91
Non Current Liabilities Total	0.97	0.97	0.21	0.83	0.9	0.98	0.89	0.57	0.53	0.26	0.98	0.11	0.26	0.31	0.81		0.5	-0.36	0.99	0.43	0.44	0.59	0.38	0.24	0.77	0.97
Inventory	0.54	0.42	0.78	0.63	0.51	0.48	0.37	0.49	0.95	0.17	0.5	0.21	0.17	0.93	0.39	0.5		-0.14	0.55	0.89	0.87	0.16	0.67	0.54	0.83	0.49
Other Stockholder Equity	-0.28	-0.4	-0.08	-0.12	-0.23	-0.37	-0.4	-0.1	-0.03	0.02	-0.32	0.85	0.02	0.02	-0.09	-0.36	-0.14		-0.32	-0.34	-0.05	-0.3	-0.41	-0.45	-0.35	-0.29
Total Liab	0.98	0.95	0.29	0.9	0.91	0.98	0.86	0.61	0.59	0.29	0.98	0.14	0.29	0.38	0.82	0.99	0.55	-0.32		0.45	0.5	0.6	0.36	0.25	0.77	0.96
Property Plant And Equipment Gross	0.43	0.4	0.64	0.46	0.38	0.41	0.43	0.31	0.78	-0.13	0.42	0.04	-0.13	0.74	0.2	0.43	0.89	-0.34	0.45		0.64	0.23	0.87	0.65	0.82	0.42
Total Current Assets	0.57	0.3	0.8	0.64	0.61	0.46	0.12	0.74	0.91	0.6	0.48	0.18	0.6	0.94	0.49	0.44	0.87	-0.05	0.5	0.64		-0.03	0.25	0.52	0.63	0.45
Short Term Debt	0.49	0.71	-0.02	0.58	0.34	0.55	0.77	-0.08	0.09	-0.21	0.54	-0.03	-0.21	-0.04	0.44	0.59	0.16	-0.3	0.6	0.23	-0.03		0.31	0.18	0.42	0.59
Other Assets	0.26	0.42	0.33	0.24	0.15	0.3	0.57	-0.08	0.49	-0.51	0.3	-0.03	-0.51	0.41	0.02	0.38	0.67	-0.41	0.36	0.87	0.25	0.31		0.5	0.74	0.33
Other Current Assets	0.23	0.23	0.3	0.23	0.21	0.21	0.22	0.19	0.39	0.04	0.2	-0.3	0.04	0.54	0.06	0.24	0.54	-0.45	0.25	0.65	0.52	0.18	0.5		0.49	0.23
Common Stock Total Equity	0.75	0.73	0.46	0.65	0.69	0.76	0.71	0.45	0.79	0.06	0.76	0.13	0.06	0.62	0.66	0.77	0.83	-0.35	0.77	0.82	0.63	0.42	0.74	0.49		0.8
Common Stock	0.96	0.92	0.19	0.83	0.92	0.98	0.83	0.59	0.57	0.28	0.98	0.17	0.28	0.31	0.91	0.97	0.49	-0.29	0.96	0.42	0.45	0.59	0.33	0.23	0.8

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Suncor Energy Account Relationship Matchups

Suncor Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	89.4B	84.6B	83.7B	84.6B	88.5B	46.3B
Short Long Term Debt Total	18.0B	21.7B	18.4B	15.6B	15.8B	8.8B
Other Current Liab	310M	527M	779M	1.1B	983M	1.0B
Total Current Liabilities	10.5B	10.5B	10.4B	12.9B	9.6B	5.5B
Total Stockholder Equity	42.0B	35.8B	36.6B	39.4B	43.3B	22.4B
Property Plant And Equipment Net	75.1B	70.4B	67.8B	64.6B	69.4B	37.4B
Net Debt	16.0B	19.8B	16.1B	13.6B	14.1B	7.3B
Retained Earnings	15.4B	9.1B	11.5B	15.6B	20.0B	10.2B
Accounts Payable	6.6B	4.7B	6.5B	8.2B	7.7B	8.1B
Cash	2.0B	1.9B	2.2B	2.0B	1.7B	1.6B
Non Current Assets Total	79.5B	75.2B	72.8B	70.1B	74.7B	39.9B
Non Currrent Assets Other	905M	954M	916M	1.0B	1.2B	626.5M
Cash And Short Term Investments	2.0B	1.9B	2.2B	2.0B	1.7B	1.6B
Net Receivables	4.2B	3.9B	4.7B	6.3B	6.7B	7.1B
Common Stock Shares Outstanding	1.6B	1.5B	1.5B	1.4B	1.3B	1.3B
Liabilities And Stockholders Equity	89.4B	84.6B	83.7B	84.6B	88.5B	46.3B
Non Current Liabilities Total	36.9B	38.3B	36.7B	32.4B	35.7B	18.4B
Inventory	3.8B	3.6B	4.1B	5.1B	5.4B	5.6B
Other Stockholder Equity	566M	591M	612M	571M	569M	540.6M
Total Liab	47.4B	48.9B	47.1B	45.3B	45.3B	23.9B
Property Plant And Equipment Gross	75.1B	70.4B	67.8B	129.2B	127.3B	133.7B
Total Current Assets	9.9B	9.4B	11.0B	14.5B	13.8B	14.5B
Accumulated Other Comprehensive Income	899M	877M	814M	974M	1.0B	1.1B
Short Term Debt	2.5B	5.3B	1.8B	3.1B	842M	877.5M
Other Assets	1.1B	1.2B	1.5B	1.8B	2.1B	2.2B
Other Current Assets	227M	880M	251M	1.2B	1.0B	1.1B
Common Stock	25.2B	25.1B	23.7B	22.3B	21.7B	14.4B
Intangible Assets	166M	436M	631M	694M	636M	340.1M
Other Liab	21.4B	21.9B	20.2B	19.5B	22.4B	23.5B
Net Tangible Assets	39.0B	32.4B	33.1B	35.8B	41.1B	43.2B
Long Term Debt	12.9B	13.8B	14.0B	9.8B	11.1B	9.2B
Long Term Investments	289M	323M	391M	758M	490M	514.5M
Short Long Term Debt	2.2B	5.0B	1.5B	2.8B	494M	469.3M
Property Plant Equipment	75.1B	70.4B	67.8B	64.6B	74.3B	47.0B
Current Deferred Revenue	425M	535M	1.2B	41M	47.2M	44.8M
Long Term Debt Total	15.5B	16.4B	16.5B	12.5B	14.4B	14.3B
Capital Surpluse	566M	591M	612M	571M	656.7M	554.8M
Capital Lease Obligations	2.9B	2.9B	2.9B	3.0B	3.8B	2.2B

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