Synalloy Depreciation vs Net Income Analysis

ACNT Stock  USD 11.76  0.20  1.67%   
Synalloy financial indicator trend analysis is much more than just breaking down Synalloy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Synalloy is a good investment. Please check the relationship between Synalloy Depreciation and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Synalloy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Synalloy Stock please use our How to Invest in Synalloy guide.

Depreciation vs Net Income

Depreciation vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Synalloy Depreciation account and Net Income. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Synalloy's Depreciation and Net Income is 0.12. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of Synalloy, assuming nothing else is changed. The correlation between historical values of Synalloy's Depreciation and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Synalloy are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation i.e., Synalloy's Depreciation and Net Income go up and down completely randomly.

Correlation Coefficient

0.12
Relationship DirectionPositive 
Relationship StrengthInsignificant

Depreciation

Depreciation indicates how much of Synalloy value has been used up. For tax purposes Synalloy can deduct the cost of the tangible assets it purchases as business expenses. However, Synalloy must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Synalloy financial statement analysis. It represents the amount of money remaining after all of Synalloy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Synalloy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Synalloy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Synalloy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Synalloy Stock please use our How to Invest in Synalloy guide.Selling General Administrative is likely to gain to about 42.2 M in 2024, despite the fact that Tax Provision is likely to grow to (3.6 M).
 2021 2022 2023 2024 (projected)
Interest Expense1.5M2.7M4.2M4.4M
Depreciation And Amortization10.8M8.3M7.7M4.5M

Synalloy fundamental ratios Correlations

0.880.490.860.860.90.880.570.81-0.150.820.510.910.950.510.50.950.960.20.390.390.730.62-0.540.440.38
0.880.440.680.540.881.00.260.75-0.10.690.50.990.850.520.450.970.840.180.360.360.560.38-0.460.260.33
0.490.440.470.410.390.440.20.42-0.110.190.40.440.440.460.330.470.45-0.310.210.210.150.31-0.090.350.35
0.860.680.470.720.70.680.470.68-0.30.770.410.720.830.210.420.820.840.270.170.170.910.51-0.490.420.62
0.860.540.410.720.730.540.780.69-0.120.680.420.590.780.490.460.650.810.190.320.320.580.74-0.460.490.31
0.90.880.390.70.730.880.340.870.030.620.640.880.790.480.620.880.780.210.310.310.590.69-0.590.280.42
0.881.00.440.680.540.880.250.75-0.10.680.50.990.850.520.440.970.840.190.350.350.560.37-0.460.250.34
0.570.260.20.470.780.340.250.42-0.20.61-0.160.310.520.32-0.090.370.590.20.150.150.320.24-0.110.570.16
0.810.750.420.680.690.870.750.420.330.60.560.750.660.360.690.770.670.120.350.350.530.68-0.570.550.53
-0.15-0.1-0.11-0.3-0.120.03-0.1-0.20.33-0.130.27-0.1-0.29-0.110.43-0.15-0.27-0.420.420.42-0.230.31-0.190.18-0.12
0.820.690.190.770.680.620.680.610.6-0.130.10.750.770.160.210.790.840.140.550.550.770.36-0.270.540.12
0.510.50.40.410.420.640.5-0.160.560.270.10.480.490.460.860.490.430.00.230.230.370.76-0.72-0.070.36
0.910.990.440.720.590.880.990.310.75-0.10.750.480.880.490.430.990.880.140.410.410.620.41-0.470.310.28
0.950.850.440.830.780.790.850.520.66-0.290.770.490.880.540.450.910.990.180.330.330.740.52-0.60.240.36
0.510.520.460.210.490.480.520.320.36-0.110.160.460.490.540.330.450.53-0.010.080.08-0.010.29-0.280.01-0.04
0.50.450.330.420.460.620.44-0.090.690.430.210.860.430.450.330.450.41-0.110.360.360.40.83-0.710.070.36
0.950.970.470.820.650.880.970.370.77-0.150.790.490.990.910.450.450.920.180.380.380.710.46-0.50.350.37
0.960.840.450.840.810.780.840.590.67-0.270.840.430.880.990.530.410.920.140.390.390.740.51-0.540.330.29
0.20.18-0.310.270.190.210.190.20.12-0.420.140.00.140.18-0.01-0.110.180.14-0.38-0.380.23-0.09-0.040.160.36
0.390.360.210.170.320.310.350.150.350.420.550.230.410.330.080.360.380.39-0.381.00.180.38-0.050.36-0.36
0.390.360.210.170.320.310.350.150.350.420.550.230.410.330.080.360.380.39-0.381.00.180.38-0.050.36-0.36
0.730.560.150.910.580.590.560.320.53-0.230.770.370.620.74-0.010.40.710.740.230.180.180.51-0.590.230.47
0.620.380.310.510.740.690.370.240.680.310.360.760.410.520.290.830.460.51-0.090.380.380.51-0.70.220.26
-0.54-0.46-0.09-0.49-0.46-0.59-0.46-0.11-0.57-0.19-0.27-0.72-0.47-0.6-0.28-0.71-0.5-0.54-0.04-0.05-0.05-0.59-0.70.15-0.43
0.440.260.350.420.490.280.250.570.550.180.54-0.070.310.240.010.070.350.330.160.360.360.230.220.150.17
0.380.330.350.620.310.420.340.160.53-0.120.120.360.280.36-0.040.360.370.290.36-0.36-0.360.470.26-0.430.17
Click cells to compare fundamentals

Synalloy Account Relationship Matchups

Synalloy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets257.2M207.0M266.0M269.0M175.9M116.0M
Short Long Term Debt Total113.4M95.1M105.2M105.4M31.4M27.7M
Other Current Liab11.5M10.0M9.8M13.9M8.0M6.4M
Total Current Liabilities40.6M31.1M50.5M33.5M24.8M22.3M
Total Stockholder Equity106.5M80.3M111.6M134.3M107.4M64.0M
Property Plant And Equipment Net76.5M66.9M74.5M71.6M57.5M30.0M
Net Debt112.8M94.8M103.2M104.0M29.5M26.8M
Retained Earnings70.6M42.8M63.1M85.1M58.5M52.8M
Non Current Assets Total110.1M80.1M106.0M98.7M86.5M90.8M
Non Currrent Assets Other348K455K4.5M4.0M20.5M21.5M
Net Receivables35.1M28.2M50.1M33.2M26.6M21.7M
Common Stock Shares Outstanding9.0M9.1M9.5M10.4M10.1M8.6M
Liabilities And Stockholders Equity257.2M207.0M266.0M269.0M163.3M115.6M
Non Current Liabilities Total110.1M95.6M103.9M101.3M43.7M29.7M
Inventory98.2M85.1M103.2M114.5M52.3M46.9M
Other Current Assets13.2M26.8M4.6M68.1M8.7M6.4M
Other Stockholder Equity25.7M27.2M37.4M38.0M37.8M39.7M
Total Liab150.7M126.7M154.4M134.8M68.5M52.0M
Total Current Assets147.1M126.9M160.0M170.4M89.4M74.2M
Short Term Debt7.8M886K3.8M4.1M360K342K
Cash626K236K2.0M1.4M1.9M956.9K
Cash And Short Term Investments626K236K2.0M1.4M1.9M956.9K
Accounts Payable21.2M19.7M32.3M14.1M16.4M12.9M
Current Deferred Revenue153K298K441K304K62K58.9K
Intangible Assets15.7M11.4M14.4M10.4M8.5M12.9M
Other Assets348K455K4.5M1.01.151.09
Long Term Debt71.6M60.5M67.9M69.1M62.2M55.3M
Capital Lease Obligations37.9M33.7M34.8M33.5M38.5M30.8M
Net Invested Capital182.1M140.8M179.5M203.7M234.3M194.7M
Non Current Liabilities Other3.7M379K89K68K61.2K58.1K
Net Working Capital106.5M95.8M109.5M136.9M157.4M127.4M

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Additional Tools for Synalloy Stock Analysis

When running Synalloy's price analysis, check to measure Synalloy'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 Synalloy is operating at the current time. Most of Synalloy's value examination focuses on studying past and present price action to predict the probability of Synalloy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synalloy's price. Additionally, you may evaluate how the addition of Synalloy to your portfolios can decrease your overall portfolio volatility.