Shopify Capital Stock vs Accounts Payable Analysis

SHOP Stock

USD 59.70 0.55 0.93%

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

To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.

Capital Stock vs Accounts Payable

Capital Stock vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shopify Capital Stock account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Shopify's Capital Stock and Accounts Payable is 0.94. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Shopify, assuming nothing else is changed. The correlation between historical values of Shopify's Capital Stock and Accounts Payable 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 Stock of Shopify are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Capital Stock i.e., Shopify's Capital Stock and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

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Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

Accounts Payable

An accounting item on the balance sheet that represents Shopify obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Shopify are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

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

To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.At this time, Shopify's Selling General Administrative is relatively stable compared to the past year. As of 06/04/2024, Tax Provision is likely to grow to about 55.6 M, though Enterprise Value Multiple is likely to grow to (1.1 K).

	2021	2022	2023	2024 (projected)
Gross Profit	2.5B	2.8B	3.5B	3.7B
Total Revenue	4.6B	5.6B	7.1B	7.4B

Gross Profit Total Revenue

Shopify fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Common Stock Shares Outstanding		0.67	0.65	0.39	0.66	0.67	0.57	0.67	0.6	0.62	-0.45	0.15	0.67	0.63	0.6	0.68	0.62	0.47	0.69	0.69	0.64	0.37	0.53	0.56	0.65	0.66
Total Assets	0.67		0.98	0.59	0.97	1.0	0.93	0.98	0.79	0.95	-0.55	0.33	0.92	0.85	0.95	0.91	0.94	0.63	0.97	0.92	0.98	0.64	0.72	0.79	0.98	0.86
Short Long Term Debt Total	0.65	0.98		0.54	0.97	0.97	0.91	0.93	0.81	0.96	-0.51	0.22	0.93	0.85	0.94	0.88	0.93	0.73	0.95	0.87	1.0	0.69	0.75	0.75	0.99	0.88
Other Current Liab	0.39	0.59	0.54		0.71	0.59	0.65	0.51	0.18	0.71	0.01	-0.24	0.33	0.23	0.67	0.32	0.8	0.13	0.66	0.36	0.53	0.78	-0.04	0.74	0.59	0.36
Total Current Liabilities	0.66	0.97	0.97	0.71		0.96	0.94	0.91	0.78	0.99	-0.39	0.12	0.88	0.74	0.97	0.81	0.98	0.69	0.97	0.83	0.97	0.79	0.66	0.77	0.99	0.87
Total Stockholder Equity	0.67	1.0	0.97	0.59	0.96		0.93	0.99	0.78	0.94	-0.57	0.36	0.91	0.86	0.94	0.92	0.93	0.6	0.97	0.93	0.97	0.62	0.71	0.8	0.98	0.85
Other Liab	0.57	0.93	0.91	0.65	0.94	0.93		0.89	0.66	0.96	-0.25	0.32	0.81	0.63	0.99	0.73	0.93	0.59	0.85	0.77	0.93	0.75	0.58	0.65	0.94	0.76
Net Tangible Assets	0.67	0.98	0.93	0.51	0.91	0.99	0.89		0.76	0.88	-0.66	0.47	0.9	0.9	0.9	0.95	0.86	0.54	0.94	0.96	0.94	0.51	0.72	0.8	0.94	0.82
Property Plant And Equipment Net	0.6	0.79	0.81	0.18	0.78	0.78	0.66	0.76		0.74	-0.49	0.2	0.93	0.76	0.72	0.81	0.66	0.89	0.78	0.81	0.82	0.43	0.96	0.39	0.81	0.96
Current Deferred Revenue	0.62	0.95	0.96	0.71	0.99	0.94	0.96	0.88	0.74		-0.29	0.1	0.86	0.68	0.98	0.76	0.99	0.7	0.93	0.78	0.96	0.84	0.62	0.72	0.98	0.84
Net Debt	-0.45	-0.55	-0.51	0.01	-0.39	-0.57	-0.25	-0.66	-0.49	-0.29		-0.52	-0.57	-0.88	-0.28	-0.81	-0.3	-0.16	-0.59	-0.75	-0.49	0.17	-0.57	-0.63	-0.45	-0.45
Retained Earnings	0.15	0.33	0.22	-0.24	0.12	0.36	0.32	0.47	0.2	0.1	-0.52		0.31	0.45	0.25	0.47	0.05	-0.1	0.16	0.47	0.27	-0.35	0.35	0.13	0.22	0.14
Accounts Payable	0.67	0.92	0.93	0.33	0.88	0.91	0.81	0.9	0.93	0.86	-0.57	0.31		0.88	0.85	0.93	0.8	0.81	0.89	0.94	0.93	0.52	0.9	0.59	0.92	0.97
Cash	0.63	0.85	0.85	0.23	0.74	0.86	0.63	0.9	0.76	0.68	-0.88	0.45	0.88		0.67	0.98	0.66	0.53	0.85	0.95	0.83	0.25	0.79	0.74	0.81	0.78
Non Current Assets Total	0.6	0.95	0.94	0.67	0.97	0.94	0.99	0.9	0.72	0.98	-0.28	0.25	0.85	0.67		0.76	0.96	0.65	0.89	0.79	0.96	0.77	0.62	0.67	0.97	0.81
Cash And Short Term Investments	0.68	0.91	0.88	0.32	0.81	0.92	0.73	0.95	0.81	0.76	-0.81	0.47	0.93	0.98	0.76		0.73	0.57	0.9	0.99	0.87	0.34	0.81	0.75	0.86	0.84
Net Receivables	0.62	0.94	0.93	0.8	0.98	0.93	0.93	0.86	0.66	0.99	-0.3	0.05	0.8	0.66	0.96	0.73		0.6	0.94	0.76	0.93	0.85	0.52	0.79	0.96	0.78
Good Will	0.47	0.63	0.73	0.13	0.69	0.6	0.59	0.54	0.89	0.7	-0.16	-0.1	0.81	0.53	0.65	0.57	0.6		0.61	0.58	0.73	0.58	0.85	0.17	0.72	0.87
Common Stock Total Equity	0.69	0.97	0.95	0.66	0.97	0.97	0.85	0.94	0.78	0.93	-0.59	0.16	0.89	0.85	0.89	0.9	0.94	0.61		0.9	0.94	0.67	0.67	0.87	0.95	0.85
Short Term Investments	0.69	0.92	0.87	0.36	0.83	0.93	0.77	0.96	0.81	0.78	-0.75	0.47	0.94	0.95	0.79	0.99	0.76	0.58	0.9		0.88	0.38	0.8	0.73	0.87	0.86
Non Current Liabilities Total	0.64	0.98	1.0	0.53	0.97	0.97	0.93	0.94	0.82	0.96	-0.49	0.27	0.93	0.83	0.96	0.87	0.93	0.73	0.94	0.88		0.68	0.76	0.72	1.0	0.88
Inventory	0.37	0.64	0.69	0.78	0.79	0.62	0.75	0.51	0.43	0.84	0.17	-0.35	0.52	0.25	0.77	0.34	0.85	0.58	0.67	0.38	0.68		0.25	0.52	0.73	0.57
Other Current Assets	0.53	0.72	0.75	-0.04	0.66	0.71	0.58	0.72	0.96	0.62	-0.57	0.35	0.9	0.79	0.62	0.81	0.52	0.85	0.67	0.8	0.76	0.25		0.29	0.73	0.89
Other Stockholder Equity	0.56	0.79	0.75	0.74	0.77	0.8	0.65	0.8	0.39	0.72	-0.63	0.13	0.59	0.74	0.67	0.75	0.79	0.17	0.87	0.73	0.72	0.52	0.29		0.74	0.51
Total Liab	0.65	0.98	0.99	0.59	0.99	0.98	0.94	0.94	0.81	0.98	-0.45	0.22	0.92	0.81	0.97	0.86	0.96	0.72	0.95	0.87	1.0	0.73	0.73	0.74		0.88
Property Plant And Equipment Gross	0.66	0.86	0.88	0.36	0.87	0.85	0.76	0.82	0.96	0.84	-0.45	0.14	0.97	0.78	0.81	0.84	0.78	0.87	0.85	0.86	0.88	0.57	0.89	0.51	0.88

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Shopify Account Relationship Matchups

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Additional Tools for Shopify Stock Analysis

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Shopify Capital Stock vs Accounts Payable Analysis

Capital Stock vs Accounts Payable

Capital Stock vs Accounts Payable Correlation Analysis

Correlation Coefficient

Capital Stock

Accounts Payable

Shopify fundamental ratios Correlations

Shopify Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Shopify Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Non Current Liabilities Total
Total Liab	+ 0.99	Short Long Term Debt Total
Current Deferred Revenue	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Total Current Liabilities

Cash	- 0.88	Net Debt
Cash And Short Term Investments	- 0.81	Net Debt
Short Term Investments	- 0.75	Net Debt
Net Debt	- 0.66	Net Tangible Assets
Other Stockholder Equity	- 0.63	Net Debt
Common Stock Total Equity	- 0.59	Net Debt