SNX Stock | | | USD 119.77 0.87 0.72% |
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 Cost Of Revenue and its Non Operating Income Net Other 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 closely tied 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.
Cost Of Revenue vs Non Operating Income Net Other
Cost Of Revenue vs Non Operating Income Net Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Synnex Cost Of Revenue account and
Non Operating Income Net Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Synnex's Cost Of Revenue and Non Operating Income Net Other is -0.23. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Non Operating Income Net Other in the same time period over historical financial statements of Synnex, assuming nothing else is changed. The correlation between historical values of Synnex's Cost Of Revenue and Non Operating Income Net Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Synnex are associated (or correlated) with its Non Operating Income Net Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Operating Income Net Other has no effect on the direction of Cost Of Revenue i.e., Synnex's Cost Of Revenue and Non Operating Income Net Other go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cost Of Revenue
Cost of Revenue is found on Synnex income statement and represents the costs associated with goods and services Synnex provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Non Operating Income Net Other
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 closely tied 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.
Synnex fundamental ratios Correlations
Click cells to compare fundamentals
Synnex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Synnex fundamental ratios Accounts
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Additional Tools for Synnex Stock Analysis
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.