Veeva Free Cash Flow vs Cash Conversion Cycle Analysis

VEEV Stock

USD 185.01 3.32 1.83%

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

Free Cash Flow vs Cash Conversion Cycle

Free Cash Flow vs Cash Conversion Cycle Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Veeva Systems Class Free Cash Flow account and Cash Conversion Cycle. At this time, the significance of the direction appears to have very week relationship.

The correlation between Veeva Systems' Free Cash Flow and Cash Conversion Cycle is 0.24. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Cash Conversion Cycle in the same time period over historical financial statements of Veeva Systems Class, assuming nothing else is changed. The correlation between historical values of Veeva Systems' Free Cash Flow and Cash Conversion Cycle is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Veeva Systems Class are associated (or correlated) with its Cash Conversion Cycle. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Conversion Cycle has no effect on the direction of Free Cash Flow i.e., Veeva Systems' Free Cash Flow and Cash Conversion Cycle go up and down completely randomly.

Correlation Coefficient

0.24

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Cash Conversion Cycle

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

At this time, Veeva Systems' Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 113.51 in 2024, whereas Tax Provision is likely to drop slightly above 34.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.3B	1.5B	1.7B	1.8B
Total Revenue	1.9B	2.2B	2.4B	2.5B

Gross Profit Total Revenue

Veeva Systems fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	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	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Common Stock Shares Outstanding		0.62	0.7	0.66	0.61	0.66	0.81	0.65	-0.6	0.59	0.62	0.6	0.68	0.54	0.45	0.58	0.67	0.64	-0.41	0.56	0.62	0.66	0.76	0.6	-0.27	0.65
Total Assets	0.62		0.97	1.0	1.0	0.91	0.77	1.0	-0.83	1.0	0.95	0.77	0.95	0.96	0.39	0.99	0.99	0.97	-0.4	0.98	1.0	1.0	0.94	1.0	0.04	0.61
Other Current Liab	0.7	0.97		0.98	0.96	0.89	0.88	0.98	-0.89	0.96	0.95	0.85	0.98	0.93	0.5	0.94	0.99	0.99	-0.52	0.92	0.96	0.99	0.97	0.95	-0.04	0.76
Total Current Liabilities	0.66	1.0	0.98		0.99	0.91	0.82	1.0	-0.86	0.99	0.95	0.8	0.96	0.95	0.43	0.98	1.0	0.98	-0.42	0.97	0.99	1.0	0.96	0.99	0.03	0.66
Total Stockholder Equity	0.61	1.0	0.96	0.99		0.92	0.76	1.0	-0.82	1.0	0.94	0.76	0.94	0.96	0.38	1.0	0.99	0.97	-0.39	0.98	1.0	0.99	0.93	1.0	0.04	0.59
Other Liab	0.66	0.91	0.89	0.91	0.92		0.7	0.91	-0.72	0.9	0.84	0.65	0.83	0.88	0.36	0.92	0.89	0.85	-0.5	0.92	0.94	0.91	0.87	0.92	-0.22	0.48
Property Plant And Equipment Net	0.81	0.77	0.88	0.82	0.76	0.7		0.81	-0.84	0.75	0.82	0.87	0.9	0.7	0.62	0.71	0.84	0.85	-0.46	0.69	0.78	0.82	0.9	0.74	0.01	0.92
Current Deferred Revenue	0.65	1.0	0.98	1.0	1.0	0.91	0.81		-0.85	0.99	0.95	0.79	0.96	0.95	0.41	0.99	1.0	0.98	-0.42	0.97	0.99	1.0	0.96	0.99	0.03	0.65
Net Debt	-0.6	-0.83	-0.89	-0.86	-0.82	-0.72	-0.84	-0.85		-0.82	-0.82	-0.98	-0.84	-0.83	-0.59	-0.8	-0.88	-0.84	0.4	-0.75	-0.82	-0.86	-0.82	-0.82	-0.15	-0.72
Retained Earnings	0.59	1.0	0.96	0.99	1.0	0.9	0.75	0.99	-0.82		0.95	0.76	0.94	0.97	0.38	0.99	0.99	0.97	-0.39	0.98	0.99	0.99	0.92	1.0	0.05	0.59
Accounts Payable	0.62	0.95	0.95	0.95	0.94	0.84	0.82	0.95	-0.82	0.95		0.78	0.95	0.93	0.63	0.93	0.96	0.97	-0.4	0.95	0.93	0.96	0.9	0.94	0.1	0.69
Cash	0.6	0.77	0.85	0.8	0.76	0.65	0.87	0.79	-0.98	0.76	0.78		0.8	0.77	0.64	0.73	0.83	0.8	-0.39	0.68	0.76	0.8	0.78	0.75	0.17	0.76
Non Current Assets Total	0.68	0.95	0.98	0.96	0.94	0.83	0.9	0.96	-0.84	0.94	0.95	0.8		0.88	0.49	0.91	0.97	0.99	-0.47	0.89	0.94	0.97	0.98	0.92	0.03	0.82
Non Currrent Assets Other	0.54	0.96	0.93	0.95	0.96	0.88	0.7	0.95	-0.83	0.97	0.93	0.77	0.88		0.45	0.96	0.94	0.93	-0.34	0.95	0.95	0.95	0.85	0.96	0.08	0.53
Other Assets	0.45	0.39	0.5	0.43	0.38	0.36	0.62	0.41	-0.59	0.38	0.63	0.64	0.49	0.45		0.34	0.45	0.47	-0.3	0.41	0.37	0.43	0.4	0.36	0.1	0.57
Cash And Short Term Investments	0.58	0.99	0.94	0.98	1.0	0.92	0.71	0.99	-0.8	0.99	0.93	0.73	0.91	0.96	0.34		0.97	0.94	-0.36	0.98	0.99	0.98	0.91	1.0	0.04	0.53
Net Receivables	0.67	0.99	0.99	1.0	0.99	0.89	0.84	1.0	-0.88	0.99	0.96	0.83	0.97	0.94	0.45	0.97		0.98	-0.44	0.95	0.98	1.0	0.96	0.98	0.04	0.69
Non Current Liabilities Total	0.64	0.97	0.99	0.98	0.97	0.85	0.85	0.98	-0.84	0.97	0.97	0.8	0.99	0.93	0.47	0.94	0.98		-0.45	0.93	0.96	0.98	0.96	0.96	0.05	0.76
Inventory	-0.41	-0.4	-0.52	-0.42	-0.39	-0.5	-0.46	-0.42	0.4	-0.39	-0.4	-0.39	-0.47	-0.34	-0.3	-0.36	-0.44	-0.45		-0.36	-0.37	-0.43	-0.46	-0.38	0.74	-0.47
Other Current Assets	0.56	0.98	0.92	0.97	0.98	0.92	0.69	0.97	-0.75	0.98	0.95	0.68	0.89	0.95	0.41	0.98	0.95	0.93	-0.36		0.98	0.96	0.88	0.98	0.03	0.5
Other Stockholder Equity	0.62	1.0	0.96	0.99	1.0	0.94	0.78	0.99	-0.82	0.99	0.93	0.76	0.94	0.95	0.37	0.99	0.98	0.96	-0.37	0.98		0.99	0.95	0.99	0.04	0.6
Total Liab	0.66	1.0	0.99	1.0	0.99	0.91	0.82	1.0	-0.86	0.99	0.96	0.8	0.97	0.95	0.43	0.98	1.0	0.98	-0.43	0.96	0.99		0.96	0.99	0.03	0.67
Property Plant And Equipment Gross	0.76	0.94	0.97	0.96	0.93	0.87	0.9	0.96	-0.82	0.92	0.9	0.78	0.98	0.85	0.4	0.91	0.96	0.96	-0.46	0.88	0.95	0.96		0.92	-0.04	0.79
Total Current Assets	0.6	1.0	0.95	0.99	1.0	0.92	0.74	0.99	-0.82	1.0	0.94	0.75	0.92	0.96	0.36	1.0	0.98	0.96	-0.38	0.98	0.99	0.99	0.92		0.04	0.56
Short Term Debt	-0.27	0.04	-0.04	0.03	0.04	-0.22	0.01	0.03	-0.15	0.05	0.1	0.17	0.03	0.08	0.1	0.04	0.04	0.05	0.74	0.03	0.04	0.03	-0.04	0.04		0.02
Intangible Assets	0.65	0.61	0.76	0.66	0.59	0.48	0.92	0.65	-0.72	0.59	0.69	0.76	0.82	0.53	0.57	0.53	0.69	0.76	-0.47	0.5	0.6	0.67	0.79	0.56	0.02

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Veeva Systems Account Relationship Matchups

Veeva Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	158.3M	160.7M	162.3M	162.4M	163.5M	155.5M
Total Assets	2.3B	3.0B	3.8B	4.8B	5.9B	6.2B
Other Current Liab	52.9M	64.0M	77.7M	84.5M	88.3M	92.7M
Total Current Liabilities	551.2M	716.0M	840.8M	1.0B	1.2B	1.2B
Total Stockholder Equity	1.7B	2.3B	2.9B	3.7B	4.6B	4.9B
Other Liab	10.2M	12.4M	20.4M	31.6M	36.3M	38.1M
Property Plant And Equipment Net	103.9M	110.6M	104.1M	105.2M	104.1M	64.8M
Current Deferred Revenue	468.9M	617.0M	731.7M	869.3M	1.0B	1.1B
Net Debt	(421.9M)	(667.4M)	(1.1B)	(825.5M)	(647.7M)	(680.1M)
Retained Earnings	919.7M	1.3B	1.7B	2.2B	2.7B	2.9B
Accounts Payable	19.4M	23.3M	20.3M	41.7M	31.5M	33.1M
Cash	476.7M	730.5M	1.1B	886.5M	703.5M	473.6M
Non Current Assets Total	740.7M	735.2M	709.3M	835.0M	907.7M	953.1M
Non Currrent Assets Other	16.2M	17.9M	55.0M	67.6M	64.0M	67.2M
Other Assets	63.6M	74.1M	63.3M	207.5M	1.0	0.95
Cash And Short Term Investments	1.1B	1.7B	2.4B	3.1B	4.0B	4.2B
Net Receivables	422.5M	611.6M	694.4M	785.2M	888.5M	933.0M
Liabilities And Stockholders Equity	2.3B	3.0B	3.8B	4.8B	5.9B	6.2B
Non Current Liabilities Total	55.0M	63.8M	64.0M	81.2M	87.2M	91.6M
Other Current Assets	21.9M	35.6M	36.7M	81.5M	86.9M	91.3M
Other Stockholder Equity	745.5M	965.7M	1.2B	1.5B	1.9B	2.0B
Total Liab	606.2M	779.7M	904.8M	1.1B	1.3B	1.3B
Property Plant And Equipment Gross	103.9M	110.6M	104.1M	105.2M	140.9M	147.9M
Total Current Assets	1.5B	2.3B	3.1B	4.0B	5.0B	5.3B
Accumulated Other Comprehensive Income	460K	992K	(12.0M)	(31.1M)	(10.6M)	(10.1M)
Short Term Debt	10.0M	11.7M	11.0M	11.3M	9.3M	7.7M
Intangible Assets	134.6M	114.6M	101.9M	82.5M	63.0M	55.5M
Property Plant Equipment	54.8M	110.6M	104.1M	105.2M	120.9M	127.0M
Short Term Investments	610.0M	933.1M	1.2B	2.2B	3.3B	3.5B
Net Tangible Assets	1.1B	1.7B	2.4B	3.2B	3.7B	3.9B
Retained Earnings Total Equity	354.9M	619.2M	919.7M	1.3B	1.5B	1.6B
Capital Surpluse	515.3M	617.6M	745.5M	965.7M	1.1B	576.9M
Deferred Long Term Liab	2.4M	42.1M	33.1M	31.8M	36.6M	21.5M
Non Current Liabilities Other	52.6M	10.6M	18.2M	30.1M	38.7M	40.7M
Deferred Long Term Asset Charges	3.5M	36.8M	35.6M	42.1M	48.4M	26.4M
Net Invested Capital	1.7B	2.3B	2.9B	3.7B	4.6B	2.7B
Net Working Capital	980.0M	1.6B	2.3B	3.0B	3.8B	2.1B

Pair Trading with Veeva Systems

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Veeva Systems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Veeva Systems will appreciate offsetting losses from the drop in the long position's value.

Moving together with Veeva Stock

0.73	DH	Definitive Healthcare Buyout Trend	Pair Corr
0.76	EW	Edwards Lifesciences Corp	Pair Corr
0.83	LH	Laboratory	Pair Corr

Moving against Veeva Stock

0.57	OM	Outset Medical Trending	Pair Corr
0.5	GH	Guardant Health	Pair Corr

The ability to find closely correlated positions to Veeva Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Veeva Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Veeva Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Veeva Systems Class to buy it.

The correlation of Veeva Systems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Veeva Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Veeva Systems Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Veeva Systems can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Veeva Stock Analysis

When running Veeva Systems' price analysis, check to measure Veeva Systems' 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 Veeva Systems is operating at the current time. Most of Veeva Systems' value examination focuses on studying past and present price action to predict the probability of Veeva Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veeva Systems' price. Additionally, you may evaluate how the addition of Veeva Systems to your portfolios can decrease your overall portfolio volatility.

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