Synopsys Non Current Assets Total vs Net Receivables Analysis
SNPS Stock | USD 569.27 10.93 1.88% |
Synopsys financial indicator trend analysis is much more than just breaking down Synopsys prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Synopsys is a good investment. Please check the relationship between Synopsys Non Current Assets Total and its Net Receivables accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synopsys. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Synopsys Stock please use our How to Invest in Synopsys guide.
Non Current Assets Total vs Net Receivables
Non Current Assets Total vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Synopsys Non Current Assets Total account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Synopsys' Non Current Assets Total and Net Receivables is 0.98. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Synopsys, assuming nothing else is changed. The correlation between historical values of Synopsys' Non Current Assets Total and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Synopsys are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Non Current Assets Total i.e., Synopsys' Non Current Assets Total and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Net Receivables
Most indicators from Synopsys' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Synopsys 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 Synopsys. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Synopsys Stock please use our How to Invest in Synopsys guide.At this time, Synopsys' Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.09 in 2024, whereas Tax Provision is likely to drop slightly above 49.2 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.7M | 1.2M | 1.1M | 1.0M | Depreciation And Amortization | 252.5M | 247.1M | 284.2M | 298.4M |
Synopsys fundamental ratios Correlations
Click cells to compare fundamentals
Synopsys Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Synopsys fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.0B | 8.8B | 9.4B | 10.3B | 11.9B | 12.5B | |
Short Long Term Debt Total | 663.5M | 666.8M | 656.4M | 687.8M | 791.0M | 830.5M | |
Other Current Liab | 27.7M | 46.4M | 771.8M | 967.9M | 1.1B | 1.2B | |
Total Current Liabilities | 2.1B | 2.4B | 2.8B | 3.0B | 3.4B | 3.6B | |
Total Stockholder Equity | 4.9B | 5.3B | 5.5B | 6.1B | 7.1B | 7.4B | |
Property Plant And Equipment Net | 949.6M | 965.6M | 1.0B | 1.1B | 1.3B | 1.4B | |
Net Debt | (572.2M) | (766.1M) | (761.2M) | (751.1M) | (676.0M) | (709.8M) | |
Retained Earnings | 3.8B | 4.5B | 5.5B | 6.7B | 7.8B | 8.1B | |
Accounts Payable | 623.7M | 694.7M | 37.6M | 155.9M | 179.3M | 238.7M | |
Cash | 1.2B | 1.4B | 1.4B | 1.4B | 1.7B | 1.7B | |
Non Current Assets Total | 5.5B | 5.9B | 6.4B | 6.9B | 7.9B | 8.3B | |
Non Currrent Assets Other | 406.0M | 492.3M | (953.9M) | 470.2M | 540.8M | 567.8M | |
Cash And Short Term Investments | 1.2B | 1.6B | 1.6B | 1.6B | 1.8B | 1.9B | |
Net Receivables | 813.1M | 600.9M | 796.1M | 947.0M | 1.1B | 1.1B | |
Common Stock Shares Outstanding | 155.7M | 157.3M | 156.5M | 155.2M | 178.5M | 146.0M | |
Liabilities And Stockholders Equity | 8.0B | 8.8B | 9.4B | 10.3B | 11.9B | 12.5B | |
Non Current Liabilities Total | 977.8M | 1.0B | 1.1B | 1.2B | 1.3B | 1.4B | |
Other Current Assets | 290.1M | 308.2M | 397.6M | 567.5M | 652.6M | 685.3M | |
Other Stockholder Equity | 1.2B | 793.5M | 214.2M | (399.5M) | (459.4M) | (436.5M) | |
Total Liab | 3.1B | 3.5B | 3.9B | 4.1B | 4.8B | 5.0B | |
Total Current Assets | 2.5B | 2.8B | 3.0B | 3.4B | 3.9B | 4.1B | |
Short Term Debt | 100.3M | 154.7M | 54.3M | 85.7M | 98.5M | 83.8M | |
Intangible Assets | 254.3M | 279.1M | 386.4M | 374.2M | 430.3M | 324.9M | |
Property Plant And Equipment Gross | 949.6M | 965.6M | 1.0B | 1.1B | 1.3B | 1.4B | |
Accumulated Other Comprehensive Income | (54.1M) | (49.6M) | (234.3M) | (196.4M) | (176.8M) | (167.9M) | |
Good Will | 3.4B | 3.6B | 3.8B | 4.1B | 4.7B | 4.9B | |
Common Stock Total Equity | 1.5M | 1.5M | 1.5M | 1.5M | 1.8M | 1.5M | |
Common Stock | 1.5M | 1.5M | 1.5M | 1.5M | 1.7M | 1.5M | |
Other Liab | 443.7M | 414.5M | 527.7M | 482.3M | 554.6M | 280.2M | |
Other Assets | 775.2M | 898.6M | 1.1B | 1.1B | 1.3B | 1.4B | |
Long Term Debt | 100.8M | 25.1M | 20.8M | 18.1M | 20.8M | 19.8M | |
Treasury Stock | (597.7M) | (625.6M) | (488.6M) | (782.9M) | (704.6M) | (669.4M) | |
Property Plant Equipment | 429.5M | 483.8M | 965.6M | 1.0B | 1.2B | 1.3B | |
Current Deferred Revenue | 1.4B | 1.5B | 1.9B | 1.8B | 2.0B | 2.1B | |
Inventory | 192.3M | 229.0M | 211.9M | 325.6M | 374.4M | 393.1M | |
Net Tangible Assets | 632.5M | 1.3B | 1.4B | 1.3B | 1.5B | 1.6B | |
Retained Earnings Total Equity | 3.2B | 3.8B | 4.5B | 5.5B | 6.4B | 6.7B |
Pair Trading with Synopsys
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 Synopsys 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 Synopsys will appreciate offsetting losses from the drop in the long position's value.Moving against Synopsys Stock
0.55 | NN | Nextnav Acquisition Corp Buyout Trend | PairCorr |
The ability to find closely correlated positions to Synopsys could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synopsys 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 Synopsys - 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 Synopsys to buy it.
The correlation of Synopsys 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 Synopsys moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Synopsys 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 Synopsys 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synopsys. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Synopsys Stock please use our How to Invest in Synopsys guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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When running Synopsys' price analysis, check to measure Synopsys' 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 Synopsys is operating at the current time. Most of Synopsys' value examination focuses on studying past and present price action to predict the probability of Synopsys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synopsys' price. Additionally, you may evaluate how the addition of Synopsys to your portfolios can decrease your overall portfolio volatility.
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Is Synopsys' industry 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 Synopsys. If investors know Synopsys 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 Synopsys 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 0.651 | Earnings Share 9.05 | Revenue Per Share 40.3 | Quarterly Revenue Growth 0.211 | Return On Assets 0.0875 |
The market value of Synopsys is measured differently than its book value, which is the value of Synopsys that is recorded on the company's balance sheet. Investors also form their own opinion of Synopsys' value that differs from its market value or its book value, called intrinsic value, which is Synopsys' 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 Synopsys' market value can be influenced by many factors that don't directly affect Synopsys' 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 Synopsys' value and its price as these two are different measures arrived at by different means. Investors typically determine if Synopsys is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Synopsys' 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.