Synex Total Current Assets vs Total Cash From Operating Activities Analysis

SXI Stock

CAD 1.71 0.03 1.79%

Synex International financial indicator trend analysis is much more than just breaking down Synex International prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Synex International is a good investment. Please check the relationship between Synex International Total Current Assets and its Total Cash From Operating Activities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synex International. 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.

Total Current Assets vs Total Cash From Operating Activities

Total Current Assets vs Total Cash From Operating Activities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Synex International Total Current Assets account and Total Cash From Operating Activities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Synex International's Total Current Assets and Total Cash From Operating Activities is 0.71. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Cash From Operating Activities in the same time period over historical financial statements of Synex International, assuming nothing else is changed. The correlation between historical values of Synex International's Total Current Assets and Total Cash From Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Synex International are associated (or correlated) with its Total Cash From Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Cash From Operating Activities has no effect on the direction of Total Current Assets i.e., Synex International's Total Current Assets and Total Cash From Operating Activities go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Total Cash From Operating Activities

Most indicators from Synex International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Synex International 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 Synex International. 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.

At this time, Synex International's Selling General Administrative is very stable compared to the past year. As of the 4th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.75, though Tax Provision is likely to grow to (4.1 K).

	2021	2022	2023	2024 (projected)
Gross Profit	3.2M	2.0M	2.2M	2.8M
Total Revenue	3.3M	2.2M	2.7M	2.9M

Gross Profit Total Revenue

Synex International fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Current Liab	Current Deferred Revenue	Good Will
Total Assets		0.91	0.43	0.94	0.9	0.84	0.78	-0.7	0.61	1.0	-0.3	0.61	0.25	0.29	0.28	0.0	0.65	0.67	0.86	-0.07	0.53	0.44	-0.28	0.24	0.28	0.28
Short Long Term Debt Total	0.91		0.39	0.78	0.93	0.96	0.64	-0.49	0.54	0.91	-0.28	0.54	0.31	0.41	0.02	0.11	0.51	0.67	0.98	0.22	0.52	0.39	-0.2	0.43	0.24	0.32
Total Current Liabilities	0.43	0.39		0.43	0.54	0.41	0.34	-0.58	0.28	0.46	-0.5	0.28	-0.36	0.27	0.11	-0.85	0.5	0.04	0.42	-0.24	0.04	1.0	-0.04	0.31	0.51	0.31
Total Stockholder Equity	0.94	0.78	0.43		0.81	0.76	0.89	-0.73	0.72	0.94	-0.25	0.72	0.22	0.23	0.41	-0.04	0.7	0.61	0.76	-0.2	0.6	0.45	-0.32	0.06	0.32	0.47
Property Plant And Equipment Net	0.9	0.93	0.54	0.81		0.93	0.58	-0.53	0.53	0.92	-0.53	0.53	0.1	0.57	0.12	-0.05	0.69	0.5	0.95	0.17	0.43	0.54	-0.01	0.41	0.34	0.39
Net Debt	0.84	0.96	0.41	0.76	0.93		0.62	-0.39	0.53	0.85	-0.36	0.53	0.2	0.54	0.02	0.12	0.51	0.64	0.99	0.33	0.49	0.41	-0.09	0.4	0.29	0.49
Retained Earnings	0.78	0.64	0.34	0.89	0.58	0.62		-0.63	0.77	0.76	0.13	0.77	0.47	-0.16	0.21	-0.02	0.53	0.58	0.6	-0.42	0.75	0.36	-0.69	-0.02	0.12	0.5
Accounts Payable	-0.7	-0.49	-0.58	-0.73	-0.53	-0.39	-0.63		-0.52	-0.69	0.26	-0.52	0.0	0.01	-0.39	0.42	-0.68	-0.35	-0.4	0.53	-0.34	-0.6	0.31	0.03	-0.5	-0.23
Cash	0.61	0.54	0.28	0.72	0.53	0.53	0.77	-0.52		0.57	0.15	1.0	0.54	-0.02	0.13	0.03	0.54	0.21	0.54	-0.2	0.93	0.3	-0.41	0.05	0.25	0.68
Non Current Assets Total	1.0	0.91	0.46	0.94	0.92	0.85	0.76	-0.69	0.57		-0.36	0.57	0.18	0.35	0.31	-0.02	0.65	0.68	0.87	-0.04	0.48	0.47	-0.23	0.24	0.3	0.3
Non Currrent Assets Other	-0.3	-0.28	-0.5	-0.25	-0.53	-0.36	0.13	0.26	0.15	-0.36		0.15	0.68	-0.83	-0.22	0.32	-0.55	0.02	-0.38	-0.27	0.36	-0.49	-0.66	-0.2	-0.49	-0.1
Cash And Short Term Investments	0.61	0.54	0.28	0.72	0.53	0.53	0.77	-0.52	1.0	0.57	0.15		0.54	-0.02	0.13	0.03	0.54	0.21	0.54	-0.2	0.93	0.3	-0.41	0.05	0.25	0.68
Net Receivables	0.25	0.31	-0.36	0.22	0.1	0.2	0.47	0.0	0.54	0.18	0.68	0.54		-0.46	-0.35	0.5	-0.02	0.25	0.22	-0.15	0.8	-0.35	-0.68	0.22	-0.23	0.03
Common Stock Total Equity	0.29	0.41	0.27	0.23	0.57	0.54	-0.16	0.01	-0.02	0.35	-0.83	-0.02	-0.46		0.15	0.04	0.35	0.11	0.56	0.7	-0.16	0.27	0.76	0.35	0.49	0.26
Common Stock Shares Outstanding	0.28	0.02	0.11	0.41	0.12	0.02	0.21	-0.39	0.13	0.31	-0.22	0.13	-0.35	0.15		-0.11	0.3	0.15	0.02	-0.14	-0.08	0.13	0.16	-0.37	0.24	0.09
Non Current Liabilities Total	0.0	0.11	-0.85	-0.04	-0.05	0.12	-0.02	0.42	0.03	-0.02	0.32	0.03	0.5	0.04	-0.11		-0.23	0.29	0.11	0.46	0.26	-0.85	0.02	-0.11	-0.37	-0.02
Other Current Assets	0.65	0.51	0.5	0.7	0.69	0.51	0.53	-0.68	0.54	0.65	-0.55	0.54	-0.02	0.35	0.3	-0.23		0.06	0.53	-0.29	0.4	0.51	-0.03	-0.02	0.55	0.41
Other Stockholder Equity	0.67	0.67	0.04	0.61	0.5	0.64	0.58	-0.35	0.21	0.68	0.02	0.21	0.25	0.11	0.15	0.29	0.06		0.61	0.1	0.26	0.04	-0.34	0.2	-0.02	0.07
Total Liab	0.86	0.98	0.42	0.76	0.95	0.99	0.6	-0.4	0.54	0.87	-0.38	0.54	0.22	0.56	0.02	0.11	0.53	0.61		0.33	0.5	0.42	-0.07	0.45	0.29	0.44
Property Plant And Equipment Gross	-0.07	0.22	-0.24	-0.2	0.17	0.33	-0.42	0.53	-0.2	-0.04	-0.27	-0.2	-0.15	0.7	-0.14	0.46	-0.29	0.1	0.33		-0.19	-0.25	0.65	0.33	0.05	0.07
Total Current Assets	0.53	0.52	0.04	0.6	0.43	0.49	0.75	-0.34	0.93	0.48	0.36	0.93	0.8	-0.16	-0.08	0.26	0.4	0.26	0.5	-0.19		0.06	-0.56	0.14	0.1	0.53
Short Term Debt	0.44	0.39	1.0	0.45	0.54	0.41	0.36	-0.6	0.3	0.47	-0.49	0.3	-0.35	0.27	0.13	-0.85	0.51	0.04	0.42	-0.25	0.06		-0.05	0.29	0.52	0.33
Common Stock	-0.28	-0.2	-0.04	-0.32	-0.01	-0.09	-0.69	0.31	-0.41	-0.23	-0.66	-0.41	-0.68	0.76	0.16	0.02	-0.03	-0.34	-0.07	0.65	-0.56	-0.05		0.07	0.28	-0.04
Other Current Liab	0.24	0.43	0.31	0.06	0.41	0.4	-0.02	0.03	0.05	0.24	-0.2	0.05	0.22	0.35	-0.37	-0.11	-0.02	0.2	0.45	0.33	0.14	0.29	0.07		0.26	-0.21
Current Deferred Revenue	0.28	0.24	0.51	0.32	0.34	0.29	0.12	-0.5	0.25	0.3	-0.49	0.25	-0.23	0.49	0.24	-0.37	0.55	-0.02	0.29	0.05	0.1	0.52	0.28	0.26		0.2
Good Will	0.28	0.32	0.31	0.47	0.39	0.49	0.5	-0.23	0.68	0.3	-0.1	0.68	0.03	0.26	0.09	-0.02	0.41	0.07	0.44	0.07	0.53	0.33	-0.04	-0.21	0.2

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Synex International Account Relationship Matchups

Synex International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	21.8M	23.1M	21.7M	19.8M	18.7M	23.8M
Short Long Term Debt Total	13.3M	15.4M	14.6M	13.7M	13.1M	13.6M
Total Current Liabilities	11.6M	1.5M	1.7M	1.5M	1.7M	1.7M
Total Stockholder Equity	5.9M	5.1M	4.5M	3.5M	2.9M	2.7M
Property Plant And Equipment Net	19.9M	19.2M	18.5M	17.9M	17.1M	16.3M
Net Debt	12.4M	14.4M	14.0M	13.4M	13.0M	10.6M
Retained Earnings	(10.1M)	(11.0M)	(11.7M)	(13.4M)	(14.6M)	(13.9M)
Accounts Payable	381.1K	403.9K	618.8K	729.8K	759.6K	387.0K
Cash	859.9K	1.1M	625.9K	318.7K	117.4K	111.5K
Non Current Assets Total	20.5M	21.2M	20.5M	19.3M	18.2M	21.7M
Non Currrent Assets Other	481.7K	1.8M	1.8M	1.2M	933.5K	1.8M
Cash And Short Term Investments	859.9K	1.1M	625.9K	318.7K	117.4K	111.5K
Net Receivables	254.2K	829.1K	538.8K	132.0K	363.0K	618.5K
Common Stock Shares Outstanding	3.9M	3.9M	4.0M	4.0M	4.6M	5.4M
Liabilities And Stockholders Equity	21.8M	23.1M	21.7M	19.8M	18.7M	23.8M
Non Current Liabilities Total	3.7M	16.0M	15.0M	14.3M	13.7M	9.7M
Other Current Assets	186.9K	62.4K	84.0K	9.6K	50.2K	47.7K
Other Stockholder Equity	(19.3M)	442.0K	(4.1M)	397.8K	457.4K	434.6K
Total Liab	15.2M	17.5M	16.7M	15.9M	15.5M	13.3M
Property Plant And Equipment Gross	19.9M	33.5M	33.8M	34.1M	34.2M	18.8M
Total Current Assets	1.3M	2.0M	1.2M	460.3K	530.6K	504.1K
Accumulated Other Comprehensive Income	388.6K	(13.4M)	442.0K	397.8K	358.0K	375.9K
Short Term Debt	10.9M	829.6K	878.5K	635.2K	487.9K	463.5K
Common Stock	15.6M	15.6M	15.8M	16.5M	17.1M	12.0M
Other Current Liab	139.7K	336.7K	83.9K	99.2K	389.6K	233.8K
Other Liab	1.3M	1.3M	1.3M	1.3M	1.1M	1.2M
Net Tangible Assets	5.9M	5.1M	4.5M	3.5M	3.1M	3.0M
Other Assets	481.7K	1.8M	1.0	1.2M	1.1M	1.0M
Long Term Debt	2.4M	14.6M	13.7M	13.1M	12.6M	9.2M
Long Term Investments	112.2K	134.1K	172.2K	184.5K	175.3K	166.6K
Short Long Term Debt	10.9M	829.6K	878.5K	635.2K	487.9K	463.5K
Property Plant Equipment	19.9M	19.2M	18.6M	17.9M	16.1M	17.9M
Long Term Debt Total	2.4M	14.6M	13.7M	13.1M	15.0M	9.6M
Net Invested Capital	19.1M	20.5M	19.2M	17.2M	16.0M	17.2M
Net Working Capital	(10.3M)	461.0K	(435.0K)	(1.1M)	(1.2M)	(1.3M)
Capital Stock	15.6M	15.6M	15.8M	16.5M	17.1M	17.6M

Pair Trading with Synex International

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 Synex International 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 Synex International will appreciate offsetting losses from the drop in the long position's value.

Moving against Synex Stock

0.84	GS	GOLDMAN SACHS CDR	Pair Corr
0.8	FFH-PD	Fairfax Financial	Pair Corr
0.78	FFH	Fairfax Financial	Pair Corr
0.67	FFH-PM	Fairfax Financial	Pair Corr
0.57	FFH-PH	Fairfax Financial	Pair Corr

The ability to find closely correlated positions to Synex International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synex International 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 Synex International - 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 Synex International to buy it.

The correlation of Synex International 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 Synex International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Synex International 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 Synex International 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.

Pair Correlation Correlation Matching

Other Information on Investing in Synex Stock

Balance Sheet is a snapshot of the financial position of Synex International at a specified time, usually calculated after every quarter, six months, or one year. Synex International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Synex International and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Synex currently owns. An asset can also be divided into two categories, current and non-current.

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Synex Total Current Assets vs Total Cash From Operating Activities Analysis

Total Current Assets vs Total Cash From Operating Activities

Total Current Assets vs Total Cash From Operating Activities Correlation Analysis

Correlation Coefficient

Total Current Assets

Total Cash From Operating Activities

Synex International fundamental ratios Correlations

Synex International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Synex International fundamental ratios Accounts

Pair Trading with Synex International

Moving against Synex Stock

Other Information on Investing in Synex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Net Debt
Total Liab	+ 0.98	Short Long Term Debt Total
Net Debt	+ 0.96	Short Long Term Debt Total

Short Term Debt	- 0.85	Non Current Liabilities Total
Non Current Liabilities Total	- 0.85	Total Current Liabilities
Common Stock Total Equity	- 0.83	Non Currrent Assets Other
Accounts Payable	- 0.73	Total Stockholder Equity
Accounts Payable	- 0.7	Total Assets
Non Current Assets Total	- 0.69	Accounts Payable