Scynexis Income Before Tax vs Gross Profit Analysis

SCYX Stock

USD 1.18 0.06 4.84%

Scynexis financial indicator trend analysis is much more than just breaking down Scynexis prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Scynexis is a good investment. Please check the relationship between Scynexis Income Before Tax and its Gross Profit accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scynexis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Scynexis Stock please use our How to Invest in Scynexis guide.

Income Before Tax vs Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Scynexis Income Before Tax account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Scynexis' Income Before Tax and Gross Profit is 0.86. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Scynexis, assuming nothing else is changed. The correlation between historical values of Scynexis' Income Before Tax and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Scynexis are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Before Tax i.e., Scynexis' Income Before Tax and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Scynexis income statement and is an important metric when analyzing Scynexis 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Scynexis minus its cost of goods sold. It is profit before Scynexis operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from Scynexis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Scynexis 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 Scynexis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Scynexis Stock please use our How to Invest in Scynexis guide.At this time, Scynexis' Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 1.25 in 2024, whereas Selling General Administrative is likely to drop slightly above 21.9 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	2.7M	5.2M	3.1M	2.0M
Depreciation And Amortization	577K	813K	810K	493.9K

Interest Expense Depreciation And Amortization

Scynexis fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.27	0.64	0.26	0.7	0.74	-0.5	0.48	-0.7	-0.88	0.82	0.8	0.42	0.31	0.73	0.45	0.95	0.42	0.72	0.77	-0.08	0.76	0.95	0.72	-0.47	0.99
Short Long Term Debt Total	0.27		0.25	0.36	-0.2	0.27	0.22	-0.01	0.04	-0.44	0.35	0.35	0.22	0.68	0.5	0.87	0.29	-0.08	0.46	0.72	-0.21	0.31	0.3	0.7	0.25	0.25
Other Current Liab	0.64	0.25		0.68	0.23	0.73	-0.15	0.68	-0.62	-0.63	0.42	0.7	0.16	0.18	0.46	0.38	0.67	0.15	0.41	0.66	0.04	0.45	0.61	0.72	-0.15	0.66
Total Current Liabilities	0.26	0.36	0.68		-0.22	0.68	0.41	0.52	-0.08	-0.35	0.32	0.28	0.4	0.39	0.49	0.33	0.18	0.17	0.33	0.53	-0.23	0.39	0.25	0.69	0.41	0.19
Total Stockholder Equity	0.7	-0.2	0.23	-0.22		0.4	-0.64	0.11	-0.61	-0.6	0.43	0.48	0.48	-0.15	0.54	-0.07	0.66	0.66	0.62	0.18	0.02	0.7	0.64	0.11	-0.63	0.71
Other Liab	0.74	0.27	0.73	0.68	0.4		-0.07	0.76	-0.53	-0.82	0.76	0.67	0.58	0.36	0.78	0.39	0.68	0.45	0.69	0.75	-0.11	0.76	0.75	0.8	-0.05	0.7
Property Plant And Equipment Net	-0.5	0.22	-0.15	0.41	-0.64	-0.07		-0.01	0.42	0.45	-0.33	-0.32	0.12	-0.11	-0.13	-0.07	-0.6	-0.12	-0.21	-0.12	0.19	-0.16	-0.58	-0.01	1.0	-0.57
Current Deferred Revenue	0.48	-0.01	0.68	0.52	0.11	0.76	-0.01		-0.56	-0.51	0.61	0.58	0.08	0.1	0.23	0.16	0.5	0.07	0.18	0.54	0.12	0.28	0.51	0.59	-0.01	0.49
Net Debt	-0.7	0.04	-0.62	-0.08	-0.61	-0.53	0.42	-0.56		0.5	-0.41	-0.91	0.02	0.0	-0.28	0.02	-0.8	-0.03	-0.21	-0.39	-0.28	-0.36	-0.6	-0.35	0.4	-0.76
Retained Earnings	-0.88	-0.44	-0.63	-0.35	-0.6	-0.82	0.45	-0.51	0.5		-0.87	-0.68	-0.52	-0.44	-0.83	-0.64	-0.86	-0.49	-0.85	-0.84	0.17	-0.81	-0.95	-0.8	0.43	-0.88
Accounts Payable	0.82	0.35	0.42	0.32	0.43	0.76	-0.33	0.61	-0.41	-0.87		0.59	0.44	0.51	0.69	0.55	0.76	0.36	0.66	0.81	-0.22	0.66	0.88	0.76	-0.3	0.79
Cash	0.8	0.35	0.7	0.28	0.48	0.67	-0.32	0.58	-0.91	-0.68	0.59		0.1	0.32	0.48	0.36	0.89	0.02	0.4	0.71	0.11	0.49	0.72	0.67	-0.28	0.84
Non Current Assets Total	0.42	0.22	0.16	0.4	0.48	0.58	0.12	0.08	0.02	-0.52	0.44	0.1		0.16	0.83	0.21	0.21	0.9	0.84	0.35	-0.38	0.89	0.37	0.39	0.12	0.31
Non Currrent Assets Other	0.31	0.68	0.18	0.39	-0.15	0.36	-0.11	0.1	0.0	-0.44	0.51	0.32	0.16		0.5	0.64	0.33	-0.13	0.32	0.61	-0.6	0.21	0.43	0.61	-0.08	0.28
Other Assets	0.73	0.5	0.46	0.49	0.54	0.78	-0.13	0.23	-0.28	-0.83	0.69	0.48	0.83	0.5		0.51	0.6	0.66	0.94	0.69	-0.31	0.93	0.74	0.7	-0.11	0.66
Long Term Debt	0.45	0.87	0.38	0.33	-0.07	0.39	-0.07	0.16	0.02	-0.64	0.55	0.36	0.21	0.64	0.51		0.47	0.05	0.56	0.85	-0.3	0.38	0.52	0.8	-0.05	0.44
Cash And Short Term Investments	0.95	0.29	0.67	0.18	0.66	0.68	-0.6	0.5	-0.8	-0.86	0.76	0.89	0.21	0.33	0.6	0.47		0.23	0.59	0.76	-0.02	0.62	0.92	0.69	-0.57	0.99
Net Receivables	0.42	-0.08	0.15	0.17	0.66	0.45	-0.12	0.07	-0.03	-0.49	0.36	0.02	0.9	-0.13	0.66	0.05	0.23		0.76	0.18	-0.29	0.83	0.37	0.19	-0.13	0.34
Common Stock Shares Outstanding	0.72	0.46	0.41	0.33	0.62	0.69	-0.21	0.18	-0.21	-0.85	0.66	0.4	0.84	0.32	0.94	0.56	0.59	0.76		0.66	-0.26	0.95	0.74	0.64	-0.2	0.66
Non Current Liabilities Total	0.77	0.72	0.66	0.53	0.18	0.75	-0.12	0.54	-0.39	-0.84	0.81	0.71	0.35	0.61	0.69	0.85	0.76	0.18	0.66		-0.22	0.61	0.78	0.98	-0.09	0.75
Inventory	-0.08	-0.21	0.04	-0.23	0.02	-0.11	0.19	0.12	-0.28	0.17	-0.22	0.11	-0.38	-0.6	-0.31	-0.3	-0.02	-0.29	-0.26	-0.22		-0.25	-0.12	-0.24	0.18	-0.02
Other Current Assets	0.76	0.31	0.45	0.39	0.7	0.76	-0.16	0.28	-0.36	-0.81	0.66	0.49	0.89	0.21	0.93	0.38	0.62	0.83	0.95	0.61	-0.25		0.7	0.61	-0.15	0.69
Other Stockholder Equity	0.95	0.3	0.61	0.25	0.64	0.75	-0.58	0.51	-0.6	-0.95	0.88	0.72	0.37	0.43	0.74	0.52	0.92	0.37	0.74	0.78	-0.12	0.7		0.72	-0.56	0.94
Total Liab	0.72	0.7	0.72	0.69	0.11	0.8	-0.01	0.59	-0.35	-0.8	0.76	0.67	0.39	0.61	0.7	0.8	0.69	0.19	0.64	0.98	-0.24	0.61	0.72		0.02	0.69
Property Plant And Equipment Gross	-0.47	0.25	-0.15	0.41	-0.63	-0.05	1.0	-0.01	0.4	0.43	-0.3	-0.28	0.12	-0.08	-0.11	-0.05	-0.57	-0.13	-0.2	-0.09	0.18	-0.15	-0.56	0.02		-0.55
Total Current Assets	0.99	0.25	0.66	0.19	0.71	0.7	-0.57	0.49	-0.76	-0.88	0.79	0.84	0.31	0.28	0.66	0.44	0.99	0.34	0.66	0.75	-0.02	0.69	0.94	0.69	-0.55

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Scynexis Account Relationship Matchups

Scynexis fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	57.2M	102.5M	119.8M	87.8M	128.4M	70.4M
Short Long Term Debt Total	14.9M	19.8M	43.6M	48.6M	15.1M	25.0M
Other Current Liab	3.8M	21.7M	5.6M	11.4M	7.3M	6.0M
Total Current Liabilities	11.0M	26.4M	13.6M	17.6M	16.3M	13.7M
Total Stockholder Equity	12.9M	22.8M	41.3M	3.2M	73.0M	76.6M
Other Liab	986K	21.6M	33.6M	21.4M	24.6M	25.8M
Property Plant And Equipment Net	3.6M	3.3M	2.9M	2.6M	2.4M	2.8M
Net Debt	(27.0M)	(73.2M)	(60.9M)	2.8M	(19.0M)	(19.9M)
Retained Earnings	(271.4M)	(326.6M)	(359.5M)	(422.3M)	(355.2M)	(373.0M)
Accounts Payable	7.2M	4.6M	7.8M	5.9M	7.1M	4.3M
Cash	41.9M	93.0M	104.5M	45.8M	34.1M	42.3M
Non Current Assets Total	4.8M	4.3M	10.5M	8.7M	26.3M	27.6M
Non Currrent Assets Other	882K	760K	6.5M	5.7M	338K	321.1K
Other Assets	1.2M	1.2M	4.0M	7.7M	8.8M	9.2M
Long Term Debt	11.5M	16.5M	28.7M	45.4M	12.2M	16.9M
Cash And Short Term Investments	48.4M	93.0M	104.5M	73.5M	74.4M	57.2M
Common Stock Shares Outstanding	5.6M	10.7M	26.4M	42.6M	48.4M	50.8M
Liabilities And Stockholders Equity	57.2M	102.5M	119.8M	87.8M	128.4M	70.4M
Non Current Liabilities Total	33.2M	53.4M	65.0M	67.0M	39.1M	30.3M
Inventory	725K	520K	1.9M	463K	899K	0.0
Other Current Assets	674K	2.3M	3.6M	2.6M	5.9M	6.2M
Other Stockholder Equity	284.2M	349.4M	400.7M	425.5M	428.2M	280.1M
Total Liab	44.3M	79.8M	78.6M	84.6M	55.5M	44.0M
Property Plant And Equipment Gross	3.6M	3.3M	3.4M	2.6M	2.4M	2.9M
Total Current Assets	52.4M	98.2M	109.4M	79.1M	102.1M	63.5M
Property Plant Equipment	516K	405K	3.3M	113K	101.7K	96.6K
Common Stock Total Equity	48K	97K	20K	32K	36.8K	33.5K
Common Stock	97K	20K	32K	36K	40K	35K
Net Tangible Assets	31.2M	12.9M	22.8M	40.2M	36.2M	23.9M
Retained Earnings Total Equity	(217.7M)	(271.4M)	(326.6M)	(359.5M)	(323.5M)	(339.7M)
Short Term Investments	32.4M	32.7M	6.5M	27.7M	40.3M	42.3M
Capital Surpluse	248.9M	284.2M	349.4M	400.7M	460.8M	284.3M
Deferred Long Term Liab	106K	70K	187K	150K	135K	128.3K
Long Term Debt Total	10.3M	15.1M	11.5M	28.7M	33.1M	17.6M
Non Current Liabilities Other	986K	33.2M	53.4M	36.2M	41.7M	24.6M

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Scynexis Income Before Tax vs Gross Profit Analysis

Income Before Tax vs Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

Correlation Coefficient

Income Before Tax

Gross Profit

Scynexis fundamental ratios Correlations

Scynexis Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Scynexis fundamental ratios Accounts

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Additional Tools for Scynexis Stock Analysis

COMMON DESTINATIONS

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COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Cash And Short Term Investments
Total Liab	+ 0.98	Non Current Liabilities Total
Cash And Short Term Investments	+ 0.95	Total Assets
Other Stockholder Equity	+ 0.95	Total Assets

Other Stockholder Equity	- 0.95	Retained Earnings
Cash	- 0.91	Net Debt
Total Current Assets	- 0.88	Retained Earnings
Retained Earnings	- 0.88	Total Assets
Accounts Payable	- 0.87	Retained Earnings
Cash And Short Term Investments	- 0.86	Retained Earnings