Synnex Cash And Short Term Investments vs Short Term Investments Analysis
SNX Stock | USD 121.29 0.34 0.28% |
Synnex financial indicator trend analysis is much more than just breaking down Synnex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Synnex is a good investment. Please check the relationship between Synnex Cash And Short Term Investments and its Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synnex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Synnex Stock please use our How to Invest in Synnex guide.
Cash And Short Term Investments vs Short Term Investments
Cash And Short Term Investments vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Synnex Cash And Short Term Investments account and Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Synnex's Cash And Short Term Investments and Short Term Investments is 0.4. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Synnex, assuming nothing else is changed. The correlation between historical values of Synnex's Cash And Short Term Investments and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Synnex are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Cash And Short Term Investments i.e., Synnex's Cash And Short Term Investments and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.4 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Synnex balance sheet. This account contains Synnex investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Synnex fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Short Term Investments
Short Term Investments is an item under the current assets section of Synnex balance sheet. It contains any investments Synnex undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Synnex can easily liquidate in the marketplace.Most indicators from Synnex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Synnex 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 Synnex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Synnex Stock please use our How to Invest in Synnex guide.Selling General Administrative is likely to rise to about 3.2 B in 2024, whereas Tax Provision is likely to drop slightly above 161.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 62.3B | 57.6B | 66.2B | 69.5B | Interest Expense | 222.6M | 288.3M | 331.6M | 348.1M |
Synnex fundamental ratios Correlations
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Synnex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Synnex fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.5B | 27.7B | 29.7B | 29.4B | 33.8B | 35.5B | |
Short Long Term Debt Total | 1.6B | 4.1B | 4.1B | 4.1B | 4.7B | 4.9B | |
Total Stockholder Equity | 4.3B | 7.9B | 8.0B | 8.2B | 9.4B | 9.9B | |
Net Debt | 209.6M | 3.1B | 3.6B | 3.0B | 3.5B | 3.7B | |
Cash | 1.4B | 994.0M | 522.6M | 1.0B | 1.2B | 1.2B | |
Cash And Short Term Investments | 1.4B | 994.0M | 522.6M | 1.0B | 1.2B | 1.2B | |
Common Stock Shares Outstanding | 51.2M | 62.7M | 95.5M | 92.9M | 106.8M | 112.1M | |
Liabilities And Stockholders Equity | 13.5B | 27.7B | 29.7B | 29.4B | 33.8B | 35.5B | |
Non Current Liabilities Total | 3.5B | 5.5B | 5.3B | 4.5B | 5.2B | 5.4B | |
Other Stockholder Equity | 1.4B | 7.1B | 7.0B | 6.5B | 7.5B | 7.8B | |
Total Liab | 9.1B | 19.8B | 21.7B | 21.2B | 24.4B | 25.6B | |
Total Current Assets | 8.8B | 17.7B | 20.5B | 20.1B | 23.1B | 24.3B | |
Other Current Liab | 985.8M | 2.0B | 2.2B | 2.4B | 2.8B | 2.9B | |
Total Current Liabilities | 5.6B | 14.2B | 16.4B | 16.7B | 19.2B | 20.2B | |
Retained Earnings | 3.1B | 1.2B | 1.7B | 2.2B | 2.5B | 2.7B | |
Accounts Payable | 3.8B | 12.0B | 14.0B | 13.3B | 15.3B | 16.1B | |
Long Term Debt | 2.6B | 4.0B | 3.8B | 3.1B | 3.6B | 3.7B | |
Inventory | 2.7B | 6.6B | 9.1B | 7.1B | 8.2B | 8.6B | |
Other Current Assets | 173.9M | 668.3M | 671.5M | 642.2M | 738.6M | 775.5M | |
Intangible Assets | 186.0M | 4.9B | 4.4B | 4.2B | 4.9B | 5.1B | |
Common Stock | 53K | 54K | 98K | 99K | 113.9K | 119.5K | |
Property Plant Equipment | 569.9M | 609.3M | 483.4M | 421.1M | 484.2M | 508.4M | |
Other Liab | 584.1M | 891.6M | 1.6B | 1.1B | 1.3B | 1.3B | |
Property Plant And Equipment Net | 157.6M | 483.4M | 421.1M | 450.0M | 517.5M | 543.4M | |
Non Current Assets Total | 4.7B | 9.9B | 9.2B | 9.3B | 10.7B | 11.3B | |
Non Currrent Assets Other | 3.9B | 618.4M | 585.3M | 729.9M | 839.4M | 881.3M | |
Net Receivables | 3.1B | 9.4B | 10.2B | 11.3B | 13.0B | 13.6B | |
Property Plant And Equipment Gross | 609.3M | 708.5M | 727.7M | 859.5M | 988.4M | 1.0B | |
Accumulated Other Comprehensive Income | (194.6M) | (336.2M) | (719.7M) | (507.2M) | (456.5M) | (433.7M) | |
Short Term Debt | 125.0M | 181.3M | 268.1M | 983.6M | 1.1B | 1.2B | |
Good Will | 423.9M | 3.9B | 3.8B | 3.9B | 4.5B | 4.7B | |
Net Tangible Assets | 371.8M | 1.1B | (924.4M) | (201.2M) | (181.1M) | (172.0M) | |
Retained Earnings Total Equity | 2.6B | 3.1B | 1.2B | 1.7B | 2.0B | 1.9B | |
Long Term Debt Total | 2.7B | 2.6B | 4.0B | 3.8B | 4.4B | 4.6B |
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When determining whether Synnex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Synnex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Synnex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Synnex Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synnex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Synnex Stock please use our How to Invest in Synnex guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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When running Synnex's price analysis, check to measure Synnex'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 Synnex is operating at the current time. Most of Synnex's value examination focuses on studying past and present price action to predict the probability of Synnex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synnex's price. Additionally, you may evaluate how the addition of Synnex to your portfolios can decrease your overall portfolio volatility.
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Is Synnex's 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 Synnex. If investors know Synnex 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 Synnex 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 0.104 | Dividend Share 1.5 | Earnings Share 6.88 | Revenue Per Share 619.975 | Quarterly Revenue Growth (0.08) |
The market value of Synnex is measured differently than its book value, which is the value of Synnex that is recorded on the company's balance sheet. Investors also form their own opinion of Synnex's value that differs from its market value or its book value, called intrinsic value, which is Synnex's 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 Synnex's market value can be influenced by many factors that don't directly affect Synnex's 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 Synnex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Synnex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Synnex's 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.