Synthomer Accounts Payable vs Inventory Analysis

SYNT Stock   169.40  0.60  0.36%   
Synthomer Plc financial indicator trend analysis is much more than just breaking down Synthomer plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Synthomer plc is a good investment. Please check the relationship between Synthomer Plc Accounts Payable and its Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synthomer plc. 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.

Accounts Payable vs Inventory

Accounts Payable vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Synthomer plc Accounts Payable account and Inventory. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Synthomer Plc's Accounts Payable and Inventory is 0.89. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Inventory in the same time period over historical financial statements of Synthomer plc, assuming nothing else is changed. The correlation between historical values of Synthomer Plc's Accounts Payable and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Synthomer plc are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Accounts Payable i.e., Synthomer Plc's Accounts Payable and Inventory go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Accounts Payable

An accounting item on the balance sheet that represents Synthomer Plc obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Synthomer plc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Inventory

Most indicators from Synthomer Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Synthomer plc 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 Synthomer plc. 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, Synthomer Plc's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 278.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 62.3 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense29.4M46.2M75.1M78.9M
Depreciation And Amortization95.3M129.1M153.7M161.4M

Synthomer Plc fundamental ratios Correlations

0.960.930.940.960.980.840.840.920.870.99-0.50.870.77-0.130.240.960.970.240.920.980.960.99-0.160.00.85
0.960.930.870.880.940.940.720.820.770.97-0.440.770.65-0.070.180.970.970.360.870.980.930.94-0.05-0.070.84
0.930.930.890.860.850.810.740.80.850.91-0.430.850.650.00.140.920.920.380.840.940.910.95-0.110.020.79
0.940.870.890.880.910.740.870.960.830.93-0.530.830.8-0.190.430.860.880.220.80.950.850.950.010.190.75
0.960.880.860.880.960.710.860.930.910.95-0.40.910.78-0.140.150.880.950.090.980.890.980.96-0.29-0.140.77
0.980.940.850.910.960.840.820.930.810.98-0.430.810.78-0.20.230.910.970.160.940.940.950.95-0.11-0.090.79
0.840.940.810.740.710.840.530.660.50.86-0.380.50.53-0.050.160.90.870.490.710.890.790.790.12-0.030.75
0.840.720.740.870.860.820.530.870.840.81-0.680.840.59-0.340.520.740.780.030.730.790.80.88-0.30.180.79
0.920.820.80.960.930.930.660.870.830.91-0.40.830.83-0.210.370.80.890.090.860.880.870.92-0.060.040.66
0.870.770.850.830.910.810.50.840.830.84-0.391.00.66-0.090.160.790.82-0.030.870.810.880.9-0.35-0.130.72
0.990.970.910.930.950.980.860.810.910.84-0.490.840.78-0.110.210.970.960.240.930.980.950.96-0.15-0.020.85
-0.5-0.44-0.43-0.53-0.4-0.43-0.38-0.68-0.4-0.39-0.49-0.39-0.280.24-0.63-0.55-0.36-0.27-0.25-0.54-0.34-0.510.36-0.63-0.8
0.870.770.850.830.910.810.50.840.831.00.84-0.390.66-0.090.160.790.82-0.030.870.810.880.9-0.35-0.130.72
0.770.650.650.80.780.780.530.590.830.660.78-0.280.66-0.10.060.660.710.090.780.740.690.73-0.110.190.48
-0.13-0.070.0-0.19-0.14-0.2-0.05-0.34-0.21-0.09-0.110.24-0.09-0.1-0.220.04-0.130.58-0.06-0.11-0.12-0.15-0.21-0.13-0.07
0.240.180.140.430.150.230.160.520.370.160.21-0.630.160.06-0.220.210.150.19-0.040.280.090.280.190.520.36
0.960.970.920.860.880.910.90.740.80.790.97-0.550.790.660.040.210.920.410.860.970.910.93-0.210.010.92
0.970.970.920.880.950.970.870.780.890.820.96-0.360.820.71-0.130.150.920.260.940.940.990.96-0.12-0.130.77
0.240.360.380.220.090.160.490.030.09-0.030.24-0.27-0.030.090.580.190.410.260.070.330.170.250.00.370.34
0.920.870.840.80.980.940.710.730.860.870.93-0.250.870.78-0.06-0.040.860.940.070.850.970.9-0.29-0.280.7
0.980.980.940.950.890.940.890.790.880.810.98-0.540.810.74-0.110.280.970.940.330.850.910.96-0.060.090.86
0.960.930.910.850.980.950.790.80.870.880.95-0.340.880.69-0.120.090.910.990.170.970.910.96-0.23-0.210.77
0.990.940.950.950.960.950.790.880.920.90.96-0.510.90.73-0.150.280.930.960.250.90.960.96-0.180.030.83
-0.16-0.05-0.110.01-0.29-0.110.12-0.3-0.06-0.35-0.150.36-0.35-0.11-0.210.19-0.21-0.120.0-0.29-0.06-0.23-0.180.0-0.38
0.0-0.070.020.19-0.14-0.09-0.030.180.04-0.13-0.02-0.63-0.130.19-0.130.520.01-0.130.37-0.280.09-0.210.030.00.17
0.850.840.790.750.770.790.750.790.660.720.85-0.80.720.48-0.070.360.920.770.340.70.860.770.83-0.380.17
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Synthomer Plc Account Relationship Matchups

Synthomer Plc fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.3B2.1B2.5B3.1B2.7B2.8B
Short Long Term Debt Total124.8M719M663M1.3B926.3M972.6M
Other Current Liab26.6M116.1M200.3M232.7M173.5M182.2M
Total Current Liabilities298.3M468.4M563.5M582.7M488.1M512.5M
Total Stockholder Equity649.4M615M1.0B1.0B1.1B1.2B
Property Plant And Equipment Net404.9M521.8M508.3M753.6M705.7M741.0M
Net Debt21.2M517.2M157.7M1.1B555M582.8M
Retained Earnings204.4M192.4M383.8M273.5M209.8M220.3M
Accounts Payable186.8M204.6M264M253.7M272.1M285.7M
Cash103.6M201.8M505.3M227.7M371.3M389.9M
Non Current Assets Total838.4M1.5B1.5B2.0B1.8B1.8B
Non Currrent Assets Other(324.4M)(493.4M)(487M)(474.9M)53.3M56.0M
Cash And Short Term Investments103.6M201.8M505.3M227.7M371.3M389.9M
Common Stock Shares Outstanding53.7M58.0M58.9M63.4M85.6M128.5M
Liabilities And Stockholders Equity1.3B2.1B2.5B3.1B2.7B2.8B
Non Current Liabilities Total290.6M1.0B952.8M1.5B1.1B1.1B
Inventory121.9M170.3M253.7M407.9M344.1M361.3M
Other Current Assets32.8M34.5M40.9M230.5M19.3M18.3M
Total Liab588.9M1.5B1.5B2.1B1.5B1.6B
Property Plant And Equipment Gross404.9M521.8M1.0B1.3B1.3B1.4B
Total Current Assets421M635.9M1.1B1.2B950.9M998.4M
Short Term Debt(31.2M)30.7M(36.4M)29.1M14.5M13.8M
Accumulated Other Comprehensive Income(18.6M)(41M)(31.2M)76.8M11.3M11.9M
Intangible Assets403.2M871M831M1.1B523.6M549.8M
Other Liab173.3M274.3M200.2M164.9M189.6M121.3M
Long Term Debt82.9M643.9M619.5M1.2B870.3M913.8M
Net Receivables162.7M229.3M275.1M298.3M216.2M154.9M
Good Will324.4M493.4M487M480.8M465.7M297.5M
Property Plant Equipment404.9M521.8M508.3M753.6M866.6M910.0M
Current Deferred Revenue38.7M58.5M45.2M33.6M28M29.4M
Other Assets22.8M23.8M29.2M56.2M1.00.95
Net Tangible Assets246.2M(256M)188.3M(48.3M)(55.5M)(52.8M)
Short Long Term Debt70.1M0.020.1M18.5M700K665K
Net Invested Capital732.3M1.3B1.6B2.3B2.0B1.5B
Net Working Capital122.7M167.5M511.5M581.7M462.8M311.2M

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