Synnex Capital Expenditures vs Depreciation Analysis

SNX Stock  USD 120.97  2.15  1.81%   
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 Capital Expenditures and its Depreciation 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.

Capital Expenditures vs Depreciation

Capital Expenditures vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Synnex Capital Expenditures account and Depreciation. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Synnex's Capital Expenditures and Depreciation is 0.85. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of Synnex, assuming nothing else is changed. The correlation between historical values of Synnex's Capital Expenditures and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Synnex are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., Synnex's Capital Expenditures and Depreciation go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Capital Expenditures

Capital Expenditures are funds used by Synnex to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Synnex operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Depreciation

Depreciation indicates how much of Synnex value has been used up. For tax purposes Synnex can deduct the cost of the tangible assets it purchases as business expenses. However, Synnex 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.
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.
 2021 2022 2023 2024 (projected)
Total Revenue62.3B57.6B66.2B69.5B
Interest Expense222.6M288.3M331.6M348.1M

Synnex fundamental ratios Correlations

0.941.00.880.780.150.780.960.950.981.01.00.990.990.510.990.920.470.990.980.970.990.630.950.710.65
0.940.940.930.770.020.770.860.980.880.940.930.950.910.670.890.980.40.90.940.890.890.830.940.850.76
1.00.940.870.80.120.790.960.950.981.01.00.990.990.540.980.920.50.980.980.970.980.660.960.720.66
0.880.930.870.510.070.510.810.890.850.880.870.90.860.490.850.90.30.870.930.890.840.690.820.920.66
0.780.770.80.510.011.00.710.780.70.770.770.770.750.70.730.750.390.70.680.660.730.710.830.450.67
0.150.020.120.070.010.0-0.010.130.280.160.120.10.16-0.580.20.1-0.070.150.170.290.26-0.260.23-0.12-0.1
0.780.770.790.511.00.00.710.780.70.770.770.770.750.70.730.750.40.70.670.660.730.710.830.440.67
0.960.860.960.810.71-0.010.710.850.940.960.970.960.970.530.970.810.460.960.930.910.950.530.840.630.58
0.950.980.950.890.780.130.780.850.910.950.930.940.910.60.91.00.50.920.940.910.910.80.980.780.74
0.980.880.980.850.70.280.70.940.910.980.980.970.990.350.990.870.470.980.970.990.990.510.930.640.55
1.00.941.00.880.770.160.770.960.950.981.00.991.00.50.990.920.470.990.980.980.990.620.950.710.64
1.00.931.00.870.770.120.770.970.930.981.00.991.00.510.990.90.470.990.980.970.980.610.930.690.64
0.990.950.990.90.770.10.770.960.940.970.990.990.990.550.980.920.440.970.980.960.980.660.940.750.67
0.990.910.990.860.750.160.750.970.910.991.01.00.990.461.00.870.450.990.970.980.990.560.920.670.6
0.510.670.540.490.7-0.580.70.530.60.350.50.510.550.460.410.620.30.440.460.330.40.870.520.610.73
0.990.890.980.850.730.20.730.970.90.990.990.990.981.00.410.860.460.990.970.980.990.520.920.650.58
0.920.980.920.90.750.10.750.811.00.870.920.90.920.870.620.860.480.890.910.880.870.840.960.810.76
0.470.40.50.30.39-0.070.40.460.50.470.470.470.440.450.30.460.480.470.460.420.430.330.540.170.1
0.990.90.980.870.70.150.70.960.920.980.990.990.970.990.440.990.890.470.970.970.970.560.910.680.61
0.980.940.980.930.680.170.670.930.940.970.980.980.980.970.460.970.910.460.970.980.970.620.930.770.62
0.970.890.970.890.660.290.660.910.910.990.980.970.960.980.330.980.880.420.970.980.980.520.920.710.57
0.990.890.980.840.730.260.730.950.910.990.990.980.980.990.40.990.870.430.970.970.980.530.930.650.57
0.630.830.660.690.71-0.260.710.530.80.510.620.610.660.560.870.520.840.330.560.620.520.530.730.790.83
0.950.940.960.820.830.230.830.840.980.930.950.930.940.920.520.920.960.540.910.930.920.930.730.690.67
0.710.850.720.920.45-0.120.440.630.780.640.710.690.750.670.610.650.810.170.680.770.710.650.790.690.77
0.650.760.660.660.67-0.10.670.580.740.550.640.640.670.60.730.580.760.10.610.620.570.570.830.670.77
Click cells to compare fundamentals

Synnex Account Relationship Matchups

Synnex fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.5B27.7B29.7B29.4B33.8B35.5B
Short Long Term Debt Total2.7B4.1B4.1B4.1B4.7B4.9B
Total Stockholder Equity4.3B7.9B8.0B8.2B9.4B9.9B
Net Debt209.6M3.1B3.6B3.0B3.5B3.7B
Cash1.4B994.0M522.6M1.0B1.2B1.2B
Cash And Short Term Investments1.4B994.0M522.6M1.0B1.2B1.2B
Common Stock Shares Outstanding51.2M62.7M95.5M92.9M106.8M112.1M
Liabilities And Stockholders Equity13.5B27.7B29.7B29.4B33.8B35.5B
Non Current Liabilities Total3.5B5.5B5.3B4.5B5.2B5.4B
Other Stockholder Equity1.4B7.1B7.0B6.5B7.5B7.8B
Total Liab9.1B19.8B21.7B21.2B24.4B25.6B
Total Current Assets8.8B17.7B20.5B20.1B23.1B24.3B
Other Current Liab985.8M2.0B2.2B2.4B2.8B2.9B
Total Current Liabilities5.6B14.2B16.4B16.7B19.2B20.2B
Retained Earnings3.1B1.2B1.7B2.2B2.5B2.7B
Accounts Payable3.8B12.0B14.0B13.3B15.3B16.1B
Long Term Debt2.6B4.0B3.8B3.1B3.6B3.7B
Inventory2.7B6.6B9.1B7.1B8.2B8.6B
Other Current Assets173.9M668.3M671.5M642.2M738.6M775.5M
Intangible Assets186.0M4.9B4.4B4.2B4.9B5.1B
Common Stock53K54K98K99K113.9K119.5K
Property Plant Equipment569.9M609.3M483.4M421.1M484.2M508.4M
Other Liab584.1M891.6M1.6B1.1B1.3B1.3B
Property Plant And Equipment Net157.6M483.4M421.1M450.0M517.5M543.4M
Non Current Assets Total4.7B9.9B9.2B9.3B10.7B11.3B
Non Currrent Assets Other3.9B618.4M585.3M729.9M839.4M881.3M
Net Receivables3.1B9.4B10.2B11.3B13.0B13.6B
Property Plant And Equipment Gross609.3M708.5M727.7M859.5M988.4M1.0B
Accumulated Other Comprehensive Income(194.6M)(336.2M)(719.7M)(507.2M)(456.5M)(433.7M)
Short Term Debt125.0M181.3M268.1M983.6M1.1B1.2B
Good Will423.9M3.9B3.8B3.9B4.5B4.7B
Net Tangible Assets371.8M1.1B(924.4M)(201.2M)(181.1M)(172.0M)
Retained Earnings Total Equity2.6B3.1B1.2B1.7B2.0B1.9B
Long Term Debt Total2.7B2.6B4.0B3.8B4.4B4.6B

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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.