Synopsys Other Current Assets vs Total Stockholder Equity Analysis
SNPS Stock | USD 566.73 2.54 0.45% |
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 Other Current Assets and its Total Stockholder Equity 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.
Other Current Assets vs Total Stockholder Equity
Other Current Assets vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Synopsys Other Current Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Synopsys' Other Current Assets and Total Stockholder Equity is 0.96. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Synopsys, assuming nothing else is changed. The correlation between historical values of Synopsys' Other Current Assets and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Synopsys are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Current Assets i.e., Synopsys' Other Current Assets and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.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
0.56 | NN | Nextnav Acquisition Corp | 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 Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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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 9.07 | 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.