Synchrony Net Income vs Income Before Tax Analysis
| SYF-PB Stock | 26.17 0.06 0.23% |
Synchrony Financial financial indicator trend analysis is much more than just breaking down Synchrony Financial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Synchrony Financial is a good investment. Please check the relationship between Synchrony Financial Net Income and its Income Before Tax accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synchrony Financial. 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 information on how to trade Synchrony Stock refer to our How to Trade Synchrony Stock guide.
Net Income vs Income Before Tax
Net Income vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Synchrony Financial Net Income account and Income Before Tax. At this time, the significance of the direction appears to have totally related.
The correlation between Synchrony Financial's Net Income and Income Before Tax is 1.0. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Synchrony Financial, assuming nothing else is changed. The correlation between historical values of Synchrony Financial's Net Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Synchrony Financial are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Net Income i.e., Synchrony Financial's Net Income and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Synchrony Financial financial statement analysis. It represents the amount of money remaining after all of Synchrony Financial operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Synchrony Financial income statement and is an important metric when analyzing Synchrony Financial profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most indicators from Synchrony Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Synchrony Financial 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 Synchrony Financial. 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 information on how to trade Synchrony Stock refer to our How to Trade Synchrony Stock guide.At present, Synchrony Financial's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.25, whereas Selling General Administrative is forecasted to decline to about 2.3 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 14.2B | 15.6B | 17.0B | 16.8B | Tax Provision | 1.3B | 946M | 666M | 909.2M |
Synchrony Financial fundamental ratios Correlations
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Synchrony Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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