Standard Net Receivables vs Net Invested Capital Analysis

SMP Stock

USD 33.14 0.97 3.02%

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

Net Receivables vs Net Invested Capital

Net Receivables vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Standard Motor Products Net Receivables account and Net Invested Capital. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Standard's Net Receivables and Net Invested Capital is 0.52. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Standard Motor Products, assuming nothing else is changed. The correlation between historical values of Standard's Net Receivables and Net Invested Capital 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 Standard Motor Products are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Receivables i.e., Standard's Net Receivables and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Receivables

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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

At this time, Standard's Tax Provision is relatively stable compared to the past year. As of 11/25/2024, Sales General And Administrative To Revenue is likely to grow to 0.25, while Selling General Administrative is likely to drop slightly above 209.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	376.9M	382.5M	388.8M	255.5M
Total Revenue	1.3B	1.4B	1.4B	850.7M

Gross Profit Total Revenue

Standard 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	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 Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Good Will	Intangible Assets	Common Stock Total Equity
Total Assets		0.63	0.78	0.85	0.85	0.68	0.64	0.84	0.49	0.82	0.65	0.49	0.86	0.49	0.59	0.99	-0.1	-0.66	0.98	0.37	0.99	0.26	0.89	0.77	0.87	0.69
Short Long Term Debt Total	0.63		0.72	0.36	0.74	0.88	1.0	0.79	0.56	0.85	0.63	0.56	0.4	-0.08	0.95	0.63	-0.13	-0.79	0.75	0.73	0.6	-0.04	0.35	0.89	0.72	0.31
Other Current Liab	0.78	0.72		0.68	0.9	0.85	0.71	0.89	0.52	0.9	0.72	0.52	0.82	0.24	0.75	0.73	-0.08	-0.63	0.82	0.62	0.78	0.03	0.71	0.87	0.73	0.54
Total Current Liabilities	0.85	0.36	0.68		0.75	0.46	0.37	0.69	0.19	0.67	0.62	0.19	0.84	0.66	0.26	0.85	-0.01	-0.35	0.82	0.13	0.87	0.61	0.94	0.6	0.72	0.7
Total Stockholder Equity	0.85	0.74	0.9	0.75		0.89	0.73	0.99	0.43	0.97	0.64	0.43	0.86	0.35	0.77	0.82	-0.13	-0.63	0.87	0.66	0.85	0.03	0.77	0.91	0.74	0.64
Property Plant And Equipment Net	0.68	0.88	0.85	0.46	0.89		0.87	0.92	0.53	0.96	0.63	0.53	0.6	0.04	0.93	0.65	-0.2	-0.71	0.76	0.9	0.65	-0.2	0.52	0.93	0.66	0.47
Net Debt	0.64	1.0	0.71	0.37	0.73	0.87		0.78	0.52	0.84	0.65	0.52	0.41	-0.05	0.94	0.65	-0.12	-0.79	0.76	0.71	0.62	-0.02	0.35	0.88	0.72	0.33
Retained Earnings	0.84	0.79	0.89	0.69	0.99	0.92	0.78		0.51	0.99	0.58	0.51	0.82	0.2	0.81	0.8	-0.24	-0.74	0.86	0.68	0.82	0.0	0.73	0.96	0.79	0.52
Cash	0.49	0.56	0.52	0.19	0.43	0.53	0.52	0.51		0.5	0.15	1.0	0.3	-0.25	0.54	0.43	-0.2	-0.69	0.51	0.49	0.43	-0.13	0.34	0.61	0.61	0.07
Non Current Assets Total	0.82	0.85	0.9	0.67	0.97	0.96	0.84	0.99	0.5		0.65	0.51	0.76	0.18	0.86	0.79	-0.22	-0.74	0.87	0.75	0.8	0.01	0.7	0.97	0.78	0.54
Non Currrent Assets Other	0.65	0.63	0.72	0.62	0.64	0.63	0.65	0.58	0.15	0.65		0.15	0.57	0.54	0.6	0.68	0.23	-0.33	0.73	0.43	0.7	0.22	0.49	0.55	0.47	0.73
Cash And Short Term Investments	0.49	0.56	0.52	0.19	0.43	0.53	0.52	0.51	1.0	0.51	0.15		0.3	-0.25	0.54	0.42	-0.2	-0.69	0.51	0.5	0.43	-0.13	0.34	0.62	0.61	0.07
Net Receivables	0.86	0.4	0.82	0.84	0.86	0.6	0.41	0.82	0.3	0.76	0.57	0.3		0.53	0.44	0.82	-0.14	-0.48	0.81	0.3	0.88	0.17	0.88	0.68	0.66	0.65
Common Stock Shares Outstanding	0.49	-0.08	0.24	0.66	0.35	0.04	-0.05	0.2	-0.25	0.18	0.54	-0.25	0.53		-0.08	0.53	0.51	0.28	0.43	-0.12	0.58	0.38	0.54	0.01	0.13	0.88
Non Current Liabilities Total	0.59	0.95	0.75	0.26	0.77	0.93	0.94	0.81	0.54	0.86	0.6	0.54	0.44	-0.08		0.58	-0.13	-0.75	0.7	0.85	0.57	-0.32	0.3	0.87	0.6	0.35
Inventory	0.99	0.63	0.73	0.85	0.82	0.65	0.65	0.8	0.43	0.79	0.68	0.42	0.82	0.53	0.58		-0.07	-0.64	0.98	0.33	0.99	0.29	0.87	0.74	0.86	0.71
Other Current Assets	-0.1	-0.13	-0.08	-0.01	-0.13	-0.2	-0.12	-0.24	-0.2	-0.22	0.23	-0.2	-0.14	0.51	-0.13	-0.07		0.56	-0.09	-0.1	0.01	0.05	-0.11	-0.25	-0.3	0.43
Other Stockholder Equity	-0.66	-0.79	-0.63	-0.35	-0.63	-0.71	-0.79	-0.74	-0.69	-0.74	-0.33	-0.69	-0.48	0.28	-0.75	-0.64	0.56		-0.71	-0.48	-0.59	0.04	-0.45	-0.82	-0.8	-0.02
Total Liab	0.98	0.75	0.82	0.82	0.87	0.76	0.76	0.86	0.51	0.87	0.73	0.51	0.81	0.43	0.7	0.98	-0.09	-0.71		0.46	0.97	0.24	0.84	0.84	0.89	0.67
Property Plant And Equipment Gross	0.37	0.73	0.62	0.13	0.66	0.9	0.71	0.68	0.49	0.75	0.43	0.5	0.3	-0.12	0.85	0.33	-0.1	-0.48	0.46		0.34	-0.46	0.21	0.72	0.34	0.36
Total Current Assets	0.99	0.6	0.78	0.87	0.85	0.65	0.62	0.82	0.43	0.8	0.7	0.43	0.88	0.58	0.57	0.99	0.01	-0.59	0.97	0.34		0.27	0.89	0.74	0.82	0.75
Short Term Debt	0.26	-0.04	0.03	0.61	0.03	-0.2	-0.02	0.0	-0.13	0.01	0.22	-0.13	0.17	0.38	-0.32	0.29	0.05	0.04	0.24	-0.46	0.27		0.42	0.03	0.33	0.15
Accounts Payable	0.89	0.35	0.71	0.94	0.77	0.52	0.35	0.73	0.34	0.7	0.49	0.34	0.88	0.54	0.3	0.87	-0.11	-0.45	0.84	0.21	0.89	0.42		0.64	0.77	0.64
Good Will	0.77	0.89	0.87	0.6	0.91	0.93	0.88	0.96	0.61	0.97	0.55	0.62	0.68	0.01	0.87	0.74	-0.25	-0.82	0.84	0.72	0.74	0.03	0.64		0.83	0.38
Intangible Assets	0.87	0.72	0.73	0.72	0.74	0.66	0.72	0.79	0.61	0.78	0.47	0.61	0.66	0.13	0.6	0.86	-0.3	-0.8	0.89	0.34	0.82	0.33	0.77	0.83		0.34
Common Stock Total Equity	0.69	0.31	0.54	0.7	0.64	0.47	0.33	0.52	0.07	0.54	0.73	0.07	0.65	0.88	0.35	0.71	0.43	-0.02	0.67	0.36	0.75	0.15	0.64	0.38	0.34

Click cells to compare fundamentals

Standard Account Relationship Matchups

Standard fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	912.7M	956.5M	1.2B	1.3B	1.3B	673.1M
Short Long Term Debt Total	85.4M	32.7M	159.6M	280.3M	245.2M	257.4M
Other Current Liab	91.5M	192.4M	210.8M	178.9M	191.8M	201.4M
Total Current Liabilities	309.5M	302.6M	476.4M	323.1M	304.3M	234.6M
Total Stockholder Equity	504.2M	550.2M	601.6M	610.0M	635.1M	666.8M
Property Plant And Equipment Net	125.7M	119.1M	143.3M	157.0M	221.9M	233.0M
Net Debt	75.0M	13.2M	137.9M	259.2M	212.7M	223.3M
Retained Earnings	417.4M	463.6M	532.3M	564.2M	573.2M	601.9M
Cash	10.4M	19.5M	21.8M	21.2M	32.5M	17.2M
Non Current Assets Total	363.3M	358.0M	486.8M	492.5M	548.8M	576.3M
Non Currrent Assets Other	18.8M	21.8M	25.4M	27.5M	25.9M	24.8M
Cash And Short Term Investments	10.4M	19.5M	21.8M	21.2M	32.5M	17.4M
Net Receivables	135.5M	198.0M	180.6M	167.6M	160.3M	141.3M
Common Stock Shares Outstanding	22.8M	22.8M	22.6M	22.1M	22.2M	19.3M
Liabilities And Stockholders Equity	912.7M	956.5M	1.2B	1.3B	1.3B	673.1M
Non Current Liabilities Total	99.0M	103.7M	109.0M	310.8M	337.9M	354.8M
Inventory	387.9M	365.1M	491.0M	548.4M	525.3M	273.5M
Other Current Assets	15.6M	15.9M	17.8M	25.2M	26.1M	24.8M
Other Stockholder Equity	47.5M	44.4M	29.6M	10.4M	19.9M	39.3M
Total Liab	408.5M	406.3M	585.3M	633.9M	642.2M	372.4M
Property Plant And Equipment Gross	125.7M	119.1M	102.8M	107.1M	481.6M	505.7M
Total Current Assets	549.4M	598.5M	711.2M	762.4M	744.2M	458.7M
Accumulated Other Comprehensive Income	(8.6M)	(5.7M)	(8.2M)	(12.5M)	(6.0M)	(6.3M)
Short Term Debt	56.9M	10.1M	128.4M	55.0M	5.0M	4.8M
Accounts Payable	92.5M	100.0M	137.2M	89.2M	107.5M	65.1M
Good Will	77.8M	77.8M	131.7M	132.1M	134.7M	141.5M
Intangible Assets	64.9M	54.0M	106.2M	100.5M	92.3M	51.7M
Other Liab	70.5M	81.2M	77.7M	85.5M	98.3M	67.1M
Other Assets	56.1M	137.1M	3K	59.2M	(10K)	(9.5K)
Long Term Debt	129K	97K	21K	184.6M	151.2M	158.7M
Treasury Stock	(53.7M)	(55.2M)	(60.7M)	(75.8M)	(68.2M)	(64.8M)
Property Plant Equipment	89.6M	89.1M	143.3M	107.1M	123.2M	93.7M
Current Deferred Revenue	35.9M	88.7M	68.5M	33.7M	(5.0M)	(4.8M)
Net Tangible Assets	504.2M	550.2M	601.6M	610.0M	701.5M	487.9M
Retained Earnings Total Equity	417.4M	463.6M	532.3M	564.2M	648.9M	382.3M
Capital Surpluse	102.7M	105.1M	105.4M	105.6M	121.5M	105.7M

Pair Trading with Standard

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Standard position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Standard will appreciate offsetting losses from the drop in the long position's value.

Moving against Standard Stock

0.42

DAN

Dana Inc

Pair Corr

The ability to find closely correlated positions to Standard could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Standard when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Standard - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Standard Motor Products to buy it.

The correlation of Standard is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Standard moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Standard Motor Products moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Standard can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Standard Stock Analysis

When running Standard's price analysis, check to measure Standard'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 Standard is operating at the current time. Most of Standard's value examination focuses on studying past and present price action to predict the probability of Standard's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Standard's price. Additionally, you may evaluate how the addition of Standard to your portfolios can decrease your overall portfolio volatility.

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