Snowflake Ebitda vs Income Before Tax Analysis
SNOW Stock | USD 158.13 5.63 3.69% |
Snowflake financial indicator trend analysis is much more than just breaking down Snowflake prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Snowflake is a good investment. Please check the relationship between Snowflake Ebitda and its Income Before Tax accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Snowflake. 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. For more information on how to buy Snowflake Stock please use our How to Invest in Snowflake guide.
Ebitda vs Income Before Tax
Ebitda vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Snowflake Ebitda account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Snowflake's Ebitda and Income Before Tax is 0.96. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Snowflake, assuming nothing else is changed. The correlation between historical values of Snowflake's Ebitda 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 Ebitda of Snowflake 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 Ebitda i.e., Snowflake's Ebitda and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Ebitda
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Snowflake income statement and is an important metric when analyzing Snowflake 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 Snowflake's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Snowflake 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 Snowflake. 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. For more information on how to buy Snowflake Stock please use our How to Invest in Snowflake guide.Tax Provision is likely to climb to about (10.7 M) in 2024. Selling General Administrative is likely to drop to about 220.7 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 760.9M | 1.3B | 1.9B | 2.0B | Total Revenue | 1.2B | 2.1B | 2.8B | 2.9B |
Snowflake fundamental ratios Correlations
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Snowflake Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Snowflake fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.0B | 5.9B | 6.6B | 7.7B | 8.2B | 8.6B | |
Short Long Term Debt Total | 211.3M | 204.5M | 206.3M | 251.7M | 288.0M | 258.1M | |
Total Current Liabilities | 416.5M | 789.3M | 1.4B | 2.0B | 2.7B | 2.9B | |
Net Debt | 84.1M | (615.6M) | (879.4M) | (688.2M) | (1.5B) | (1.4B) | |
Retained Earnings | (700.3M) | (1.2B) | (1.9B) | (2.7B) | (4.1B) | (3.9B) | |
Cash | 127.2M | 820.2M | 1.1B | 939.9M | 1.8B | 1.9B | |
Non Currrent Assets Other | 19.5M | 89.3M | 453.8M | 429.1M | 312.6M | 250.9M | |
Net Receivables | 179.5M | 294.0M | 545.6M | 715.8M | 951.1M | 998.7M | |
Common Stock Shares Outstanding | 276.7M | 283.2M | 300.3M | 318.7M | 328.0M | 292.4M | |
Short Term Investments | 306.8M | 3.1B | 2.8B | 3.1B | 2.1B | 1.5B | |
Liabilities And Stockholders Equity | 1.0B | 5.9B | 6.6B | 7.7B | 8.2B | 8.6B | |
Total Liab | 1.6B | 985.3M | 1.6B | 2.3B | 3.0B | 1.6B | |
Property Plant And Equipment Gross | 223.1M | 255.8M | 295.4M | 392.1M | 574.2M | 317.7M | |
Total Current Assets | 665.2M | 4.3B | 4.6B | 5.0B | 5.0B | 2.5B | |
Accumulated Other Comprehensive Income | 216K | 439K | (16.3M) | (38.3M) | (8.2M) | (7.8M) | |
Short Term Debt | 18.1M | 19.7M | 25.1M | 27.3M | 33.9M | 18.3M | |
Intangible Assets | 4.8M | 16.1M | 37.1M | 186.0M | 331.4M | 348.0M | |
Other Current Liab | 62.8M | 125.3M | 200.7M | 269.1M | 446.9M | 469.2M | |
Total Stockholder Equity | (544.8M) | 4.9B | 5.0B | 5.5B | 5.2B | 3.6B | |
Other Liab | 11.4M | 11.1M | 22.4M | 35.8M | 41.2M | 43.3M | |
Net Tangible Assets | (558.8M) | 4.9B | 5.0B | 4.6B | 5.3B | 3.0B | |
Property Plant And Equipment Net | 223.1M | 255.8M | 295.4M | 392.1M | 499.6M | 309.6M | |
Current Deferred Revenue | 327.1M | 638.7M | 1.2B | 1.7B | 2.2B | 1.1B | |
Accounts Payable | 8.5M | 5.6M | 13.4M | 23.7M | 51.7M | 54.3M | |
Non Current Assets Total | 347.5M | 1.6B | 2.1B | 2.7B | 3.3B | 1.9B | |
Other Assets | 89.0M | 134.0M | 453.8M | 226.2M | 260.1M | 208.0M | |
Cash And Short Term Investments | 434.1M | 3.9B | 3.9B | 4.0B | 3.8B | 3.1B | |
Non Current Liabilities Total | 1.1B | 196.0M | 203.6M | 260.2M | 301.6M | 404.6M | |
Capital Lease Obligations | 211.3M | 204.5M | 206.3M | 251.7M | 288.0M | 216.0M | |
Other Current Assets | 25.3M | 98.6M | 200.9M | 193.1M | 155.8M | 128.4M | |
Other Stockholder Equity | (781.1M) | 6.2B | 7.0B | 8.2B | 9.3B | 5.5B | |
Deferred Long Term Liab | 69.5M | 86.2M | 124.5M | 145.3M | 167.1M | 100.8M | |
Net Invested Capital | (544.8M) | 4.9B | 5.0B | 5.5B | 5.2B | 3.6B | |
Long Term Investments | 23.5M | 1.2B | 1.3B | 1.1B | 916.3M | 813.0M | |
Capital Stock | 6K | 28K | 31K | 32K | 34K | 24.9K | |
Non Current Liabilities Other | 8.5M | 6.9M | 11.2M | 24.4M | 33.1M | 34.8M | |
Net Working Capital | 248.7M | 3.5B | 3.2B | 3.0B | 2.3B | 2.3B |
Snowflake Investors Sentiment
The influence of Snowflake's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Snowflake. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Snowflake's public news can be used to forecast risks associated with an investment in Snowflake. The trend in average sentiment can be used to explain how an investor holding Snowflake can time the market purely based on public headlines and social activities around Snowflake. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Snowflake's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Snowflake's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Snowflake's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Snowflake.
Snowflake Implied Volatility | 50.66 |
Snowflake's implied volatility exposes the market's sentiment of Snowflake stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Snowflake's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Snowflake stock will not fluctuate a lot when Snowflake's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Snowflake in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Snowflake's short interest history, or implied volatility extrapolated from Snowflake options trading.
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When determining whether Snowflake is a strong investment it is important to analyze Snowflake's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Snowflake's future performance. For an informed investment choice regarding Snowflake Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Snowflake. 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. For more information on how to buy Snowflake Stock please use our How to Invest in Snowflake guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Snowflake Stock analysis
When running Snowflake's price analysis, check to measure Snowflake'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 Snowflake is operating at the current time. Most of Snowflake's value examination focuses on studying past and present price action to predict the probability of Snowflake's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snowflake's price. Additionally, you may evaluate how the addition of Snowflake to your portfolios can decrease your overall portfolio volatility.
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Is Snowflake's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Snowflake. If investors know Snowflake will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Snowflake listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.55) | Revenue Per Share 8.556 | Quarterly Revenue Growth 0.315 | Return On Assets (0.09) | Return On Equity (0.16) |
The market value of Snowflake is measured differently than its book value, which is the value of Snowflake that is recorded on the company's balance sheet. Investors also form their own opinion of Snowflake's value that differs from its market value or its book value, called intrinsic value, which is Snowflake's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Snowflake's market value can be influenced by many factors that don't directly affect Snowflake's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Snowflake's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snowflake is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snowflake's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.