Salesforce Balance Sheet Analysis
CRM Stock | USD 270.37 1.55 0.57% |
Salesforce |
Most accounts from Salesforce's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Salesforce current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Salesforce Valuation and Salesforce Correlation analysis. To learn how to invest in Salesforce Stock, please use our How to Invest in Salesforce guide.At this time, Salesforce's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 19th of April 2024, Non Current Liabilities Total is likely to grow to about 17.4 B, while Other Current Liabilities is likely to drop about 2.4 B.
2021 | 2022 | 2023 | 2024 (projected) | Non Currrent Assets Other | 2.3B | 2.7B | 5.5B | 5.7B | Non Current Assets Total | 72.4B | 72.5B | 75.6B | 79.4B |
Salesforce balance sheet Correlations
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Salesforce Account Relationship Matchups
Salesforce balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 55.1B | 66.3B | 95.2B | 98.8B | 102.8B | 107.9B | |
Retained Earnings | 1.9B | 5.9B | 7.4B | 7.6B | 11.7B | 12.3B | |
Other Assets | 1.4B | 4.4B | 5.0B | 2.8B | 3.2B | 3.4B | |
Total Liab | 21.2B | 24.8B | 37.1B | 40.5B | 43.2B | 45.3B | |
Other Current Liab | 11.4B | 12.6B | 5.5B | 6.7B | 2.5B | 2.4B | |
Other Liab | 946M | 1.5B | 2.0B | 1.7B | 2.0B | 2.1B | |
Net Debt | 1.7B | 86M | 8.5B | 7.1B | 6.4B | 6.7B | |
Accounts Payable | 3.4B | 4.4B | 5.5B | 6.7B | 3.2B | 3.4B | |
Cash | 4.1B | 6.2B | 5.5B | 7.0B | 7.1B | 7.5B | |
Net Receivables | 6.2B | 7.8B | 9.7B | 10.8B | 11.4B | 12.0B | |
Inventory | 926M | 1.1B | 1.5B | 1.8B | 2.0B | 2.1B | |
Other Current Assets | 916M | 991M | 1.1B | 1.4B | 1.6B | 1.6B | |
Total Current Assets | 16.0B | 21.9B | 22.9B | 26.4B | 27.2B | 28.5B | |
Short Term Debt | 750M | 766M | 686M | 1.8B | 1.9B | 2.0B | |
Intangible Assets | 5.3B | 4.1B | 9.0B | 7.1B | 5.3B | 5.5B | |
Good Will | 25.1B | 26.3B | 47.9B | 48.6B | 48.6B | 51.1B | |
Net Tangible Assets | 4.0B | 11.1B | 1.2B | 2.7B | 3.1B | 1.8B | |
Capital Surpluse | 32.1B | 35.6B | 50.9B | 55.0B | 63.3B | 66.5B |
Pair Trading with Salesforce
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 Salesforce 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 Salesforce will appreciate offsetting losses from the drop in the long position's value.Moving together with Salesforce Stock
0.69 | DJCO | Daily Journal Corp | PairCorr |
0.64 | AI | C3 Ai Inc Financial Report 29th of May 2024 | PairCorr |
Moving against Salesforce Stock
0.82 | NOGWQ | Nogin Inc | PairCorr |
0.64 | DMAN | Innovativ Media Group | PairCorr |
0.62 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
0.54 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
0.49 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Salesforce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Salesforce 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 Salesforce - 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 Salesforce to buy it.
The correlation of Salesforce 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 Salesforce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Salesforce 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 Salesforce 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.Check out Salesforce Valuation and Salesforce Correlation analysis. To learn how to invest in Salesforce Stock, please use our How to Invest in Salesforce guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Salesforce Stock analysis
When running Salesforce's price analysis, check to measure Salesforce'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 Salesforce is operating at the current time. Most of Salesforce's value examination focuses on studying past and present price action to predict the probability of Salesforce's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Salesforce's price. Additionally, you may evaluate how the addition of Salesforce to your portfolios can decrease your overall portfolio volatility.
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Is Salesforce'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 Salesforce. If investors know Salesforce 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 Salesforce listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.952 | Earnings Share 4.19 | Revenue Per Share 35.787 | Quarterly Revenue Growth 0.108 | Return On Assets 0.0377 |
The market value of Salesforce is measured differently than its book value, which is the value of Salesforce that is recorded on the company's balance sheet. Investors also form their own opinion of Salesforce's value that differs from its market value or its book value, called intrinsic value, which is Salesforce'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 Salesforce's market value can be influenced by many factors that don't directly affect Salesforce'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 Salesforce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Salesforce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Salesforce'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.