Sumitomo Net Income vs Operating Income Analysis

SMFG Stock

USD 14.06 0.09 0.64%

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

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sumitomo Mitsui Financial Net Income account and Operating Income. At this time, the significance of the direction appears to have very week relationship.

The correlation between Sumitomo Mitsui's Net Income and Operating Income is 0.24. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Sumitomo Mitsui Financial, assuming nothing else is changed. The correlation between historical values of Sumitomo Mitsui's Net Income and Operating Income 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 Income of Sumitomo Mitsui Financial are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., Sumitomo Mitsui's Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.24

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Sumitomo Mitsui Financial financial statement analysis. It represents the amount of money remaining after all of Sumitomo Mitsui Financial operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Operating Income

Operating Income is the amount of profit realized from Sumitomo Mitsui Financial operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Sumitomo Mitsui Financial is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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

At this time, Sumitomo Mitsui's Tax Provision is most likely to decrease significantly in the upcoming years. The Sumitomo Mitsui's current Issuance Of Capital Stock is estimated to increase to about 270.1 M, while Selling General Administrative is projected to decrease to roughly 1.6 T.

	2021	2022	2023	2024 (projected)
Gross Profit	3.4T	3.8T	3.6T	3.4T
Total Revenue	2.8T	3.6T	3.6T	3.6T

Gross Profit Total Revenue

Sumitomo Mitsui fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Net Receivables	Good Will	Other Current Assets	Other Liab	Accounts Payable
Total Assets		0.96	0.21	0.98	-0.02	-0.81	0.86	0.85	0.34	-0.05	0.12	0.64	0.75	0.67	0.3	-0.72	1.0	0.02	0.57	0.06	0.69	-0.35	0.11	0.62	0.65	0.54
Short Long Term Debt Total	0.96		0.13	0.96	0.14	-0.73	0.78	0.79	0.24	0.03	0.23	0.72	0.82	0.57	0.2	-0.72	0.95	0.21	0.68	0.11	0.77	-0.28	0.23	0.51	0.49	0.38
Total Current Liabilities	0.21	0.13		0.15	-0.18	-0.26	0.44	0.34	0.97	-0.92	-0.69	-0.37	0.17	-0.01	0.97	-0.45	0.21	-0.2	0.16	0.23	0.09	-0.21	0.11	0.14	0.63	0.66
Total Stockholder Equity	0.98	0.96	0.15		0.07	-0.83	0.84	0.85	0.29	-0.01	0.17	0.67	0.72	0.59	0.26	-0.63	0.97	0.1	0.61	-0.06	0.65	-0.36	0.04	0.65	0.58	0.45
Property Plant And Equipment Net	-0.02	0.14	-0.18	0.07		0.09	-0.02	-0.02	-0.24	0.28	0.4	0.28	0.29	-0.37	-0.23	-0.2	-0.04	0.74	0.44	0.06	0.37	0.59	0.4	-0.37	-0.26	-0.35
Net Debt	-0.81	-0.73	-0.26	-0.83	0.09		-0.93	-0.98	-0.44	0.15	-0.09	-0.57	-0.33	-0.65	-0.44	0.38	-0.81	0.07	-0.37	0.34	-0.31	0.56	0.32	-0.8	-0.79	-0.63
Retained Earnings	0.86	0.78	0.44	0.84	-0.02	-0.93		0.97	0.6	-0.26	-0.03	0.56	0.54	0.57	0.57	-0.64	0.86	-0.01	0.48	-0.11	0.53	-0.44	-0.08	0.62	0.83	0.7
Cash	0.85	0.79	0.34	0.85	-0.02	-0.98	0.97		0.51	-0.2	0.06	0.6	0.46	0.63	0.5	-0.53	0.85	0.02	0.46	-0.21	0.44	-0.52	-0.17	0.71	0.8	0.66
Non Current Assets Total	0.34	0.24	0.97	0.29	-0.24	-0.44	0.6	0.51		-0.87	-0.65	-0.25	0.17	0.15	0.99	-0.45	0.35	-0.26	0.18	0.11	0.09	-0.3	-0.02	0.32	0.77	0.77
Non Currrent Assets Other	-0.05	0.03	-0.92	-0.01	0.28	0.15	-0.26	-0.2	-0.87		0.61	0.5	0.0	0.07	-0.87	0.26	-0.05	0.31	0.0	-0.13	0.09	0.27	-0.06	-0.11	-0.5	-0.57
Other Assets	0.12	0.23	-0.69	0.17	0.4	-0.09	-0.03	0.06	-0.65	0.61		0.5	0.14	0.12	-0.64	0.06	0.12	0.3	0.36	-0.04	0.21	0.23	0.12	0.04	-0.31	-0.31
Cash And Short Term Investments	0.64	0.72	-0.37	0.67	0.28	-0.57	0.56	0.6	-0.25	0.5	0.5		0.59	0.45	-0.28	-0.42	0.64	0.32	0.41	-0.1	0.67	-0.15	0.03	0.2	0.13	-0.1
Common Stock Total Equity	0.75	0.82	0.17	0.72	0.29	-0.33	0.54	0.46	0.17	0.0	0.14	0.59		0.2	0.12	-0.9	0.75	0.33	0.71	0.41	0.98	0.01	0.63	-0.02	0.22	0.14
Common Stock Shares Outstanding	0.67	0.57	-0.01	0.59	-0.37	-0.65	0.57	0.63	0.15	0.07	0.12	0.45	0.2		0.1	-0.25	0.67	-0.31	0.11	-0.09	0.18	-0.45	-0.17	0.72	0.64	0.58
Non Current Liabilities Total	0.3	0.2	0.97	0.26	-0.23	-0.44	0.57	0.5	0.99	-0.87	-0.64	-0.28	0.12	0.1		-0.39	0.31	-0.25	0.18	0.04	0.04	-0.31	-0.08	0.34	0.74	0.73
Other Stockholder Equity	-0.72	-0.72	-0.45	-0.63	-0.2	0.38	-0.64	-0.53	-0.45	0.26	0.06	-0.42	-0.9	-0.25	-0.39		-0.72	-0.28	-0.56	-0.52	-0.89	0.0	-0.62	-0.01	-0.47	-0.41
Total Liab	1.0	0.95	0.21	0.97	-0.04	-0.81	0.86	0.85	0.35	-0.05	0.12	0.64	0.75	0.67	0.31	-0.72		0.01	0.56	0.05	0.68	-0.35	0.11	0.63	0.66	0.54
Property Plant And Equipment Gross	0.02	0.21	-0.2	0.1	0.74	0.07	-0.01	0.02	-0.26	0.31	0.3	0.32	0.33	-0.31	-0.25	-0.28	0.01		0.37	0.01	0.41	0.19	0.45	-0.28	-0.23	-0.33
Total Current Assets	0.57	0.68	0.16	0.61	0.44	-0.37	0.48	0.46	0.18	0.0	0.36	0.41	0.71	0.11	0.18	-0.56	0.56	0.37		0.15	0.69	0.03	0.46	0.16	0.2	0.19
Short Term Debt	0.06	0.11	0.23	-0.06	0.06	0.34	-0.11	-0.21	0.11	-0.13	-0.04	-0.1	0.41	-0.09	0.04	-0.52	0.05	0.01	0.15		0.4	0.46	0.62	-0.44	-0.09	0.02
Common Stock	0.69	0.77	0.09	0.65	0.37	-0.31	0.53	0.44	0.09	0.09	0.21	0.67	0.98	0.18	0.04	-0.89	0.68	0.41	0.69	0.4		0.04	0.66	-0.11	0.17	0.08
Net Receivables	-0.35	-0.28	-0.21	-0.36	0.59	0.56	-0.44	-0.52	-0.3	0.27	0.23	-0.15	0.01	-0.45	-0.31	0.0	-0.35	0.19	0.03	0.46	0.04		0.3	-0.6	-0.45	-0.45
Good Will	0.11	0.23	0.11	0.04	0.4	0.32	-0.08	-0.17	-0.02	-0.06	0.12	0.03	0.63	-0.17	-0.08	-0.62	0.11	0.45	0.46	0.62	0.66	0.3		-0.5	-0.16	-0.02
Other Current Assets	0.62	0.51	0.14	0.65	-0.37	-0.8	0.62	0.71	0.32	-0.11	0.04	0.2	-0.02	0.72	0.34	-0.01	0.63	-0.28	0.16	-0.44	-0.11	-0.6	-0.5		0.7	0.65
Other Liab	0.65	0.49	0.63	0.58	-0.26	-0.79	0.83	0.8	0.77	-0.5	-0.31	0.13	0.22	0.64	0.74	-0.47	0.66	-0.23	0.2	-0.09	0.17	-0.45	-0.16	0.7		0.9
Accounts Payable	0.54	0.38	0.66	0.45	-0.35	-0.63	0.7	0.66	0.77	-0.57	-0.31	-0.1	0.14	0.58	0.73	-0.41	0.54	-0.33	0.19	0.02	0.08	-0.45	-0.02	0.65	0.9

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Sumitomo Mitsui Account Relationship Matchups

Sumitomo Mitsui fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	219.9T	242.6T	257.7T	270.4T	295.2T	172.3T
Short Long Term Debt Total	26.2T	30.4T	32.1T	29.4T	34.3T	18.0T
Total Current Liabilities	3.8T	4.9T	3.0T	4.9T	52.4T	55.0T
Total Stockholder Equity	10.7T	11.8T	12.1T	12.7T	14.7T	7.5T
Property Plant And Equipment Net	1.5T	1.5T	1.5T	1.5T	1.0T	1.8T
Net Debt	(35.5T)	(42.2T)	(42.7T)	(46.5T)	(43.9T)	(41.7T)
Retained Earnings	6.3T	6.5T	6.9T	7.4T	7.8T	8.2T
Cash	61.8T	72.6T	74.8T	75.9T	75.4T	79.2T
Non Current Assets Total	43.3T	50.0T	53.6T	49.9T	255.2T	267.9T
Non Currrent Assets Other	(26.3B)	(29.8B)	3.6T	(74.1B)	(51.7T)	(49.1T)
Other Assets	93.0T	88.8T	311.3T	144.4T	(125.2T)	(118.9T)
Cash And Short Term Investments	83.3T	103.5T	74.8T	75.9T	33.9T	41.5T
Common Stock Total Equity	2.3T	2.3T	2.3T	2.3T	2.7T	1.9T
Common Stock Shares Outstanding	1.4B	6.9B	6.9B	6.8B	4.0B	2.3B
Liabilities And Stockholders Equity	219.9T	242.6T	257.7T	270.4T	295.2T	172.3T
Non Current Liabilities Total	25.2T	29.3T	29.4T	4.9T	273.0T	286.6T
Other Stockholder Equity	680.1B	681.3B	681.7B	543.4B	443.4B	566.0B
Total Liab	209.1T	230.7T	245.5T	257.6T	280.4T	163.5T
Property Plant And Equipment Gross	1.8T	1.5T	1.5T	1.5T	1.0T	1.6T
Total Current Assets	83.5T	103.8T	204.1T	76.1T	165.2T	113.7T
Accumulated Other Comprehensive Income	1.4T	2.3T	2.2T	2.4T	4.0T	4.2T
Short Term Debt	1.4T	3.1T	3.0T	4.9T	5.6T	3.9T
Common Stock	2.3T	2.3T	2.3T	2.3T	2.3T	2.0T
Net Receivables	219.7B	236.4B	228.6B	226.3B	207.6B	197.3B
Good Will	194.3B	147.5B	320.6B	277.3B	268.8B	249.5B
Other Current Assets	97.7T	107.8T	129.1T	121.0T	131.3T	92.9T
Other Liab	3.3T	8.5T	10.1T	14.0T	16.1T	16.9T
Accounts Payable	2.3T	2.3T	161.7T	171.8T	197.6T	207.4T
Long Term Debt	26.0T	28.7T	29.1T	24.5T	28.7T	30.1T
Short Term Investments	21.5T	31.0T	3.6T	(41.6T)	(47.8T)	(45.4T)
Intangible Assets	559.3B	591.3B	578.2B	620.5B	707.9B	464.9B
Property Plant Equipment	1.8T	1.5T	1.5T	2.4T	2.8T	2.9T
Other Current Liab	(3.8T)	(5.4T)	(3.0T)	(4.9T)	(5.6T)	(5.3T)
Inventory	(1M)	(97.7T)	(107.8T)	(121.0T)	78.0T	81.9T
Net Tangible Assets	10.0T	11.1T	11.2T	12.7T	14.6T	9.9T
Long Term Investments	27.0T	47.8T	51.3T	47.5T	54.8T	33.4T
Short Long Term Debt	1.7T	1.7T	3.0T	4.9T	5.6T	5.0T

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When determining whether Sumitomo Mitsui Financial is a strong investment it is important to analyze Sumitomo Mitsui's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sumitomo Mitsui's future performance. For an informed investment choice regarding Sumitomo Stock, refer to the following important reports:

How To Invest In Sumitomo

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Is Sumitomo Stock a good investment?

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What is Sumitomo Mitsui's Net Worth?

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Is Diversified Banks 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 Sumitomo Mitsui. If investors know Sumitomo 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 Sumitomo Mitsui 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

0.525

Earnings Share

1.14

Revenue Per Share

567.4788

Quarterly Revenue Growth

0.183

Return On Assets

0.0035

The market value of Sumitomo Mitsui Financial is measured differently than its book value, which is the value of Sumitomo that is recorded on the company's balance sheet. Investors also form their own opinion of Sumitomo Mitsui's value that differs from its market value or its book value, called intrinsic value, which is Sumitomo Mitsui'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 Sumitomo Mitsui's market value can be influenced by many factors that don't directly affect Sumitomo Mitsui'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 Sumitomo Mitsui's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sumitomo Mitsui is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sumitomo Mitsui'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.

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Sumitomo Net Income vs Operating Income Analysis

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income

Operating Income

Sumitomo Mitsui fundamental ratios Correlations

Sumitomo Mitsui Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sumitomo Mitsui fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Non Current Liabilities Total	+ 0.99	Non Current Assets Total
Total Stockholder Equity	+ 0.98	Total Assets
Common Stock	+ 0.98	Common Stock Total Equity
Non Current Assets Total	+ 0.97	Total Current Liabilities
Non Current Liabilities Total	+ 0.97	Total Current Liabilities

Cash	- 0.98	Net Debt
Retained Earnings	- 0.93	Net Debt
Non Currrent Assets Other	- 0.92	Total Current Liabilities
Other Stockholder Equity	- 0.9	Common Stock Total Equity
Common Stock	- 0.89	Other Stockholder Equity
Non Current Liabilities Total	- 0.87	Non Currrent Assets Other