Steel Change To Netincome vs Capital Expenditures Analysis

SAIL Stock

117.11 0.83 0.71%

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

Change To Netincome vs Capital Expenditures

Change To Netincome vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Steel Authority Change To Netincome account and Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Steel Authority's Change To Netincome and Capital Expenditures is -0.46. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Steel Authority of, assuming nothing else is changed. The correlation between historical values of Steel Authority's Change To Netincome and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Steel Authority of are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Netincome i.e., Steel Authority's Change To Netincome and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.46

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Change To Netincome

Capital Expenditures

Capital Expenditures are funds used by Steel Authority to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Steel Authority operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

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

Selling General Administrative is likely to drop to about 1.4 B in 2024. Tax Provision is likely to drop to about 7.4 B in 2024

	2021	2022	2023	2024 (projected)
Other Operating Expenses	853.4B	1.0T	686.5B	503.8B
Gross Profit	485.1B	474.2B	487.4B	291.3B

Other Operating Expenses Gross Profit

Steel Authority fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Other Liab	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total
Total Assets		0.57	0.92	0.87	0.55	-0.35	0.59	0.28	0.51	0.24	0.64	0.47	0.94	0.68	0.23	0.98	0.69	0.53	0.97	0.71	0.98	0.35	-0.62	-0.78	0.23	0.82
Other Current Liab	0.57		0.52	0.39	0.32	-0.21	0.42	0.39	0.39	0.02	0.39	0.55	0.6	0.01	0.12	0.51	0.5	0.29	0.53	0.49	0.52	-0.03	-0.38	-0.42	0.12	0.63
Total Current Liabilities	0.92	0.52		0.67	0.53	-0.61	0.49	0.29	0.48	0.28	0.57	0.31	0.96	0.53	0.25	0.93	0.74	0.46	0.91	0.79	0.93	0.47	-0.78	-0.57	0.25	0.74
Total Stockholder Equity	0.87	0.39	0.67		0.54	0.02	0.61	-0.09	0.39	0.27	0.62	0.42	0.65	0.74	0.24	0.83	0.32	0.63	0.82	0.33	0.83	0.28	-0.27	-0.85	0.24	0.52
Accounts Payable	0.55	0.32	0.53	0.54		-0.52	0.89	-0.29	0.13	0.35	0.79	0.4	0.47	0.08	0.6	0.46	0.01	0.93	0.46	0.05	0.53	0.83	-0.56	-0.3	0.6	0.32
Cash	-0.35	-0.21	-0.61	0.02	-0.52		-0.4	-0.21	-0.13	-0.19	-0.33	0.02	-0.56	0.11	-0.24	-0.38	-0.41	-0.33	-0.38	-0.49	-0.43	-0.61	0.89	-0.13	-0.24	-0.4
Other Assets	0.59	0.42	0.49	0.61	0.89	-0.4		-0.16	0.27	0.25	0.77	0.33	0.49	0.13	0.54	0.51	0.08	0.89	0.5	0.1	0.56	0.67	-0.49	-0.39	0.54	0.42
Long Term Debt	0.28	0.39	0.29	-0.09	-0.29	-0.21	-0.16		0.33	-0.37	-0.06	0.22	0.49	0.22	-0.27	0.32	0.81	-0.41	0.38	0.78	0.3	-0.32	-0.4	-0.26	-0.27	0.72
Net Receivables	0.51	0.39	0.48	0.39	0.13	-0.13	0.27	0.33		-0.14	0.29	-0.01	0.51	0.31	0.11	0.49	0.51	0.16	0.49	0.49	0.47	0.1	-0.33	-0.4	0.11	0.49
Short Term Investments	0.24	0.02	0.28	0.27	0.35	-0.19	0.25	-0.37	-0.14		0.29	-0.04	0.18	0.02	-0.09	0.15	-0.06	0.34	0.17	-0.02	0.22	0.4	0.03	-0.03	-0.09	0.0
Inventory	0.64	0.39	0.57	0.62	0.79	-0.33	0.77	-0.06	0.29	0.29		0.28	0.56	0.31	0.73	0.54	0.33	0.88	0.53	0.3	0.56	0.74	-0.48	-0.54	0.73	0.49
Other Current Assets	0.47	0.55	0.31	0.42	0.4	0.02	0.33	0.22	-0.01	-0.04	0.28		0.43	0.14	0.09	0.4	0.22	0.26	0.39	0.22	0.41	0.04	-0.15	-0.4	0.09	0.53
Total Liab	0.94	0.6	0.96	0.65	0.47	-0.56	0.49	0.49	0.51	0.18	0.56	0.43		0.53	0.19	0.94	0.84	0.38	0.93	0.87	0.94	0.35	-0.77	-0.62	0.19	0.9
Intangible Assets	0.68	0.01	0.53	0.74	0.08	0.11	0.13	0.22	0.31	0.02	0.31	0.14	0.53		-0.05	0.72	0.5	0.18	0.75	0.48	0.7	0.03	-0.25	-0.87	-0.05	0.45
Common Stock	0.23	0.12	0.25	0.24	0.6	-0.24	0.54	-0.27	0.11	-0.09	0.73	0.09	0.19	-0.05		0.18	0.01	0.69	0.09	-0.01	0.13	0.71	-0.3	-0.1	1.0	0.08
Property Plant Equipment	0.98	0.51	0.93	0.83	0.46	-0.38	0.51	0.32	0.49	0.15	0.54	0.4	0.94	0.72	0.18		0.72	0.44	0.98	0.75	0.99	0.29	-0.66	-0.76	0.18	0.8
Short Long Term Debt Total	0.69	0.5	0.74	0.32	0.01	-0.41	0.08	0.81	0.51	-0.06	0.33	0.22	0.84	0.5	0.01	0.72		-0.04	0.74	0.99	0.69	0.05	-0.63	-0.53	0.01	0.85
Other Liab	0.53	0.29	0.46	0.63	0.93	-0.33	0.89	-0.41	0.16	0.34	0.88	0.26	0.38	0.18	0.69	0.44	-0.04		0.43	-0.03	0.49	0.79	-0.41	-0.4	0.69	0.21
Property Plant And Equipment Net	0.97	0.53	0.91	0.82	0.46	-0.38	0.5	0.38	0.49	0.17	0.53	0.39	0.93	0.75	0.09	0.98	0.74	0.43		0.76	0.99	0.26	-0.68	-0.81	0.09	0.81
Net Debt	0.71	0.49	0.79	0.33	0.05	-0.49	0.1	0.78	0.49	-0.02	0.3	0.22	0.87	0.48	-0.01	0.75	0.99	-0.03	0.76		0.73	0.07	-0.68	-0.48	-0.01	0.86
Non Current Assets Total	0.98	0.52	0.93	0.83	0.53	-0.43	0.56	0.3	0.47	0.22	0.56	0.41	0.94	0.7	0.13	0.99	0.69	0.49	0.99	0.73		0.33	-0.7	-0.77	0.13	0.79
Non Currrent Assets Other	0.35	-0.03	0.47	0.28	0.83	-0.61	0.67	-0.32	0.1	0.4	0.74	0.04	0.35	0.03	0.71	0.29	0.05	0.79	0.26	0.07	0.33		-0.54	-0.07	0.71	0.13
Cash And Short Term Investments	-0.62	-0.38	-0.78	-0.27	-0.56	0.89	-0.49	-0.4	-0.33	0.03	-0.48	-0.15	-0.77	-0.25	-0.3	-0.66	-0.63	-0.41	-0.68	-0.68	-0.7	-0.54		0.28	-0.3	-0.64
Good Will	-0.78	-0.42	-0.57	-0.85	-0.3	-0.13	-0.39	-0.26	-0.4	-0.03	-0.54	-0.4	-0.62	-0.87	-0.1	-0.76	-0.53	-0.4	-0.81	-0.48	-0.77	-0.07	0.28		-0.1	-0.6
Common Stock Shares Outstanding	0.23	0.12	0.25	0.24	0.6	-0.24	0.54	-0.27	0.11	-0.09	0.73	0.09	0.19	-0.05	1.0	0.18	0.01	0.69	0.09	-0.01	0.13	0.71	-0.3	-0.1		0.08
Non Current Liabilities Total	0.82	0.63	0.74	0.52	0.32	-0.4	0.42	0.72	0.49	0.0	0.49	0.53	0.9	0.45	0.08	0.8	0.85	0.21	0.81	0.86	0.79	0.13	-0.64	-0.6	0.08

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Steel Authority Account Relationship Matchups

Steel Authority fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3T	1.2T	1.2T	1.3T	1.4T	886.1B
Other Current Liab	174.4B	170.8B	139.2B	134.7B	147.9B	136.8B
Total Current Liabilities	449.6B	465.0B	393.4B	493.3B	534.6B	309.4B
Total Stockholder Equity	415.1B	454.1B	542.1B	547.5B	571.0B	357.3B
Accounts Payable	63.2B	80.4B	166.8B	143.4B	153.3B	161.0B
Cash	1.9B	5.2B	1.3B	570.9M	693.8M	659.1M
Other Assets	48.4B	71.8B	98.3B	82.5B	94.8B	99.6B
Long Term Debt	327.0B	197.3B	81.4B	61.1B	95.7B	137.2B
Net Receivables	126.6B	101.4B	66.5B	53.9B	83.6B	63.6B
Short Term Investments	446.6M	661.2M	664.5M	17.6B	756.7M	718.9M
Inventory	238.4B	153.3B	196.1B	277.6B	327.2B	343.6B
Other Current Assets	72.0B	66.7B	90.8B	46.8B	69.2B	41.3B
Total Liab	854.2B	738.4B	659.0B	757.3B	836.1B	529.0B
Intangible Assets	14.4B	14.3B	14.6B	15.2B	14.9B	11.6B
Property Plant Equipment	762.8B	750.1B	761.7B	769.1B	884.5B	504.7B
Short Long Term Debt Total	541.3B	376.8B	172.8B	307.7B	363.2B	270.0B
Other Liab	58.9B	58.9B	76.2B	148.1B	170.3B	178.9B
Property Plant And Equipment Net	763.4B	750.7B	762.3B	769.1B	770.3B	555.5B
Net Debt	539.4B	371.6B	171.5B	307.2B	362.5B	209.4B
Non Current Assets Total	858.0B	870.6B	912.2B	924.9B	925.7B	623.1B
Non Currrent Assets Other	27.5B	42.4B	45.6B	82.5B	94.1B	98.8B
Cash And Short Term Investments	2.4B	5.8B	2.0B	18.1B	1.5B	1.4B
Liabilities And Stockholders Equity	1.3T	1.2T	1.2T	1.3T	1.4T	945.7B
Non Current Liabilities Total	404.5B	273.4B	265.5B	264.0B	301.4B	230.8B
Total Current Assets	411.3B	321.8B	288.9B	379.9B	481.4B	322.6B
Accumulated Other Comprehensive Income	(431.9B)	69.6B	64.8B	65.2B	63.6B	66.7B
Current Deferred Revenue	191.2B	139.8B	167.8B	115.4B	16.2B	15.4B
Retained Earnings	297.9B	340.8B	433.6B	489.8B	463.8B	310.3B
Short Term Debt	195.7B	179.5B	55.4B	199.2B	215.2B	110.2B
Net Tangible Assets	382.0B	400.7B	439.8B	527.5B	606.7B	449.4B
Short Long Term Debt	192.4B	158.5B	52.5B	195.5B	210.3B	163.7B
Long Term Debt Total	345.6B	197.3B	117.4B	108.5B	97.6B	174.0B
Capital Surpluse	300.3B	343.2B	436.0B	441.0B	507.1B	355.8B
Capital Lease Obligations	21.8B	18.2B	39.0B	51.1B	57.2B	31.8B
Cash And Equivalents	195.3M	4.8B	487M	570.9M	656.5M	996.5M

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Steel Change To Netincome vs Capital Expenditures Analysis

Change To Netincome vs Capital Expenditures

Change To Netincome vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Change To Netincome

Capital Expenditures

Steel Authority fundamental ratios Correlations

Steel Authority Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Steel Authority fundamental ratios Accounts

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Additional Tools for Steel Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock Shares Outstanding	+ 1.0	Common Stock
Non Current Assets Total	+ 0.99	Property Plant Equipment
Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant Equipment	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets

Good Will	- 0.87	Intangible Assets
Good Will	- 0.85	Total Stockholder Equity
Good Will	- 0.81	Property Plant And Equipment Net
Cash And Short Term Investments	- 0.78	Total Current Liabilities
Good Will	- 0.78	Total Assets
Good Will	- 0.77	Non Current Assets Total