Sysco Tax Provision vs Operating Income 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 Tax Provision and its Operating Income 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.
Tax Provision vs Operating Income
Tax Provision vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sysco Corp Tax Provision account and Operating Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Sysco Corp's Tax Provision and Operating Income is -0.64. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Operating Income 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 Tax Provision and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Sysco Corp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Tax Provision i.e., Sysco Corp's Tax Provision and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.64 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Operating Income
Operating Income is the amount of profit realized from Sysco Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Sysco Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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.