Summit Materials Inc
Summit Materials, Inc. operates as a vertically integrated construction materials company in the United States and Canada. It operates in three segments: West, East, and Cement. The company offers aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides asphalt paving and related services. In addition, the company operat… Read more
Summit Materials Inc (SUM) - Total Assets
Latest total assets as of September 2024: $8.43 Billion USD
Based on the latest financial reports, Summit Materials Inc (SUM) holds total assets worth $8.43 Billion USD as of September 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Summit Materials Inc - Total Assets Trend (2012–2023)
This chart illustrates how Summit Materials Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Summit Materials Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Summit Materials Inc's total assets of $8.43 Billion consist of 33.6% current assets and 66.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 7.3% |
| Accounts Receivable | $287.25 Million | 5.6% |
| Inventory | $241.35 Million | 4.7% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $68.08 Million | 1.3% |
| Goodwill | $1.22 Billion | 23.8% |
Asset Composition Trend (2012–2023)
This chart illustrates how Summit Materials Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Summit Materials Inc's current assets represent 33.6% of total assets in 2023, an increase from 19.1% in 2012.
- Cash Position: Cash and equivalents constituted 7.3% of total assets in 2023, up from 2.4% in 2012.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 24.0% of total assets, an increase from 13.0% in 2012.
- Asset Diversification: The largest asset category is goodwill at 23.8% of total assets.
Summit Materials Inc Competitors by Total Assets
Key competitors of Summit Materials Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
CSG Holding Co Ltd
SHE:000012
|
China | CN¥31.27 Billion |
|
Tangshan Jidong Cement Co Ltd
SHE:000401
|
China | CN¥58.66 Billion |
|
Chosun Refractories Co Ltd
KO:000480
|
Korea | ₩1.60 Trillion |
|
Gansu Shangfeng Cement Co Ltd
SHE:000672
|
China | CN¥16.88 Billion |
|
Jiangxi Wannianqing Cement Co Ltd
SHE:000789
|
China | CN¥15.80 Billion |
|
Xinjiang Tianshan Cement Co Ltd
SHE:000877
|
China | CN¥289.73 Billion |
|
Sinostone Guangdong Co Ltd
SHE:001212
|
China | CN¥2.25 Billion |
|
Tongyang Inc
KO:001525
|
Korea | ₩1.31 Trillion |
Summit Materials Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Summit Materials Inc generates 0.51x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Summit Materials Inc generates $5.55 in net profit.
Summit Materials Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 3.10 | 2.51 | 2.66 |
| Quick Ratio | 2.48 | 1.82 | 1.98 |
| Cash Ratio | 0.00 | 0.57 | 0.00 |
| Working Capital | $1.16 Billion | $ 528.32 Million | $ 496.98 Million |
Summit Materials Inc - Advanced Valuation Insights
This section examines the relationship between Summit Materials Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.07 |
| Latest Market Cap to Assets Ratio | 1.22 |
| Asset Growth Rate (YoY) | 21.0% |
| Total Assets | $5.15 Billion |
| Market Capitalization | $6.29 Billion USD |
Valuation Analysis
Above Book Valuation: The market values Summit Materials Inc's assets above their book value (1.22 x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Summit Materials Inc's assets grew by 21.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Summit Materials Inc (2012–2023)
The table below shows the annual total assets of Summit Materials Inc from 2012 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $5.15 Billion | +21.00% |
| 2022-12-31 | $4.26 Billion | +0.39% |
| 2021-12-31 | $4.24 Billion | -1.60% |
| 2020-12-31 | $4.31 Billion | +5.91% |
| 2019-12-31 | $4.07 Billion | +5.44% |
| 2018-12-31 | $3.86 Billion | +1.86% |
| 2017-12-31 | $3.79 Billion | +36.16% |
| 2016-12-31 | $2.78 Billion | +16.08% |
| 2015-12-31 | $2.40 Billion | +38.53% |
| 2014-12-31 | $1.73 Billion | +38.26% |
| 2013-12-31 | $1.25 Billion | -2.60% |
| 2012-12-31 | $1.28 Billion | -- |