Smurfit Retained Earnings vs Total Assets Analysis
| SW Stock | 56.50 0.13 0.23% |
Smurfit WestRock financial indicator trend analysis is much more than just breaking down Smurfit WestRock plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Smurfit WestRock plc is a good investment. Please check the relationship between Smurfit WestRock Retained Earnings and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smurfit WestRock plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
Retained Earnings vs Total Assets
Retained Earnings vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Smurfit WestRock plc Retained Earnings account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Smurfit WestRock's Retained Earnings and Total Assets is 0.94. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Assets in the same time period over historical financial statements of Smurfit WestRock plc, assuming nothing else is changed. The correlation between historical values of Smurfit WestRock's Retained Earnings and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Smurfit WestRock plc are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Retained Earnings i.e., Smurfit WestRock's Retained Earnings and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Total Assets
Total assets refers to the total amount of Smurfit WestRock assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Smurfit WestRock plc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Smurfit WestRock's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smurfit WestRock plc 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 Smurfit WestRock plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. At this time, Smurfit WestRock's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.14 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.5 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 553M | 630M | 701.9M | 671.5M | Interest Income | 3.4M | 9.7M | 33.2M | 34.8M |
Smurfit WestRock fundamental ratios Correlations
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Smurfit WestRock Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Smurfit Stock Analysis
When running Smurfit WestRock's price analysis, check to measure Smurfit WestRock'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 Smurfit WestRock is operating at the current time. Most of Smurfit WestRock's value examination focuses on studying past and present price action to predict the probability of Smurfit WestRock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smurfit WestRock's price. Additionally, you may evaluate how the addition of Smurfit WestRock to your portfolios can decrease your overall portfolio volatility.