Sysco Change In Working Capital vs Depreciation Analysis
| 0LC6 Stock | 78.34 1.30 1.63% |
Sysco Corp financial indicator trend analysis is much more than just breaking down Sysco Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sysco Corp is a good investment. Please check the relationship between Sysco Corp Change In Working Capital and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sysco Corp. 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.
Change In Working Capital vs Depreciation
Change In Working Capital vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sysco Corp Change In Working Capital account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Sysco Corp's Change In Working Capital and Depreciation is -0.32. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Depreciation in the same time period over historical financial statements of Sysco Corp, assuming nothing else is changed. The correlation between historical values of Sysco Corp's Change In Working Capital 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 Change In Working Capital of Sysco Corp 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 Change In Working Capital i.e., Sysco Corp's Change In Working Capital and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.32 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Depreciation
Depreciation indicates how much of Sysco Corp value has been used up. For tax purposes Sysco Corp can deduct the cost of the tangible assets it purchases as business expenses. However, Sysco Corp 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 Sysco Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sysco Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Sysco Corp. 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. Selling General Administrative is likely to drop to about 5.7 B in 2024. Tax Provision is likely to drop to about 267.1 M in 2024
| 2010 | 2017 | 2023 | 2024 (projected) | Gross Profit | 9.8B | 13.8B | 14.6B | 11.3B | Total Revenue | 55.4B | 76.3B | 78.8B | 63.5B |
Sysco Corp fundamental ratios Correlations
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Sysco Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Sysco Corp's price analysis, check to measure Sysco Corp'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 Sysco Corp is operating at the current time. Most of Sysco Corp's value examination focuses on studying past and present price action to predict the probability of Sysco Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sysco Corp's price. Additionally, you may evaluate how the addition of Sysco Corp to your portfolios can decrease your overall portfolio volatility.