Elastic Reconciled Depreciation vs Selling General Administrative Analysis

ESTC Stock

USD 107.43 2.64 2.52%

Elastic NV financial indicator trend analysis is much more than just examining Elastic NV latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elastic NV is a good investment. Please check the relationship between Elastic NV Reconciled Depreciation and its Selling General Administrative accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elastic NV. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.

Reconciled Depreciation vs Selling General Administrative

Reconciled Depreciation vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elastic NV Reconciled Depreciation account and Selling General Administrative. At this time, the significance of the direction appears to have totally related.

The correlation between Elastic NV's Reconciled Depreciation and Selling General Administrative is 0.99. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Elastic NV, assuming nothing else is changed. The correlation between historical values of Elastic NV's Reconciled Depreciation and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Elastic NV are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Reconciled Depreciation i.e., Elastic NV's Reconciled Depreciation and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Reconciled Depreciation

Selling General Administrative

Most indicators from Elastic NV's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elastic NV 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elastic NV. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.At present, Elastic NV's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 5 B, whereas Selling General Administrative is forecasted to decline to about 88.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	630.2M	772.4M	888.2M	932.6M
Total Revenue	862.4M	1.1B	1.2B	1.3B

Gross Profit Total Revenue

Elastic NV fundamental ratios Correlations

	Total Assets	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	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		1.0	1.0	0.83	0.88	0.62	0.76	0.99	-0.15	-0.98	0.98	0.9	0.91	0.96	0.99	0.99	1.0	0.99	0.87	0.91	0.81	0.84	0.98	0.9	0.87	0.98
Other Current Liab	1.0		1.0	0.86	0.9	0.67	0.79	0.99	-0.19	-0.98	0.97	0.9	0.91	0.94	0.99	0.99	1.0	0.99	0.89	0.91	0.8	0.8	0.99	0.89	0.89	0.99
Total Current Liabilities	1.0	1.0		0.83	0.88	0.63	0.76	1.0	-0.14	-0.98	0.97	0.88	0.9	0.95	1.0	0.99	1.0	0.98	0.87	0.91	0.83	0.82	0.99	0.9	0.87	0.99
Total Stockholder Equity	0.83	0.86	0.83		0.96	0.91	0.91	0.84	-0.61	-0.87	0.72	0.88	0.91	0.67	0.81	0.8	0.83	0.85	0.99	0.83	0.46	0.43	0.9	0.8	0.99	0.9
Other Liab	0.88	0.9	0.88	0.96		0.79	0.94	0.88	-0.5	-0.91	0.78	0.92	0.97	0.73	0.86	0.83	0.88	0.91	0.96	0.93	0.51	0.54	0.92	0.88	0.96	0.92
Net Tangible Assets	0.62	0.67	0.63	0.91	0.79		0.75	0.64	-0.78	-0.65	0.48	0.67	0.66	0.43	0.59	0.59	0.63	0.62	0.89	0.54	0.27	0.12	0.74	0.55	0.88	0.74
Property Plant And Equipment Net	0.76	0.79	0.76	0.91	0.94	0.75		0.76	-0.55	-0.79	0.65	0.78	0.9	0.58	0.73	0.69	0.76	0.85	0.87	0.83	0.36	0.39	0.82	0.71	0.86	0.82
Current Deferred Revenue	0.99	0.99	1.0	0.84	0.88	0.64	0.76		-0.15	-0.98	0.97	0.88	0.9	0.95	1.0	0.98	1.0	0.98	0.87	0.91	0.82	0.81	0.99	0.9	0.87	0.99
Net Debt	-0.15	-0.19	-0.14	-0.61	-0.5	-0.78	-0.55	-0.15		0.19	0.05	-0.36	-0.32	0.08	-0.12	-0.09	-0.14	-0.19	-0.54	-0.16	0.37	0.34	-0.27	-0.13	-0.54	-0.27
Retained Earnings	-0.98	-0.98	-0.98	-0.87	-0.91	-0.65	-0.79	-0.98	0.19		-0.95	-0.92	-0.94	-0.93	-0.98	-0.97	-0.98	-0.97	-0.9	-0.93	-0.78	-0.79	-0.98	-0.93	-0.9	-0.98
Accounts Payable	0.98	0.97	0.97	0.72	0.78	0.48	0.65	0.97	0.05	-0.95		0.85	0.85	0.99	0.97	0.99	0.97	0.95	0.77	0.87	0.88	0.91	0.94	0.87	0.78	0.94
Cash	0.9	0.9	0.88	0.88	0.92	0.67	0.78	0.88	-0.36	-0.92	0.85		0.95	0.85	0.89	0.9	0.88	0.89	0.92	0.9	0.55	0.71	0.89	0.91	0.93	0.89
Non Current Assets Total	0.91	0.91	0.9	0.91	0.97	0.66	0.9	0.9	-0.32	-0.94	0.85	0.95		0.81	0.89	0.88	0.9	0.94	0.93	0.97	0.6	0.67	0.91	0.94	0.92	0.91
Non Currrent Assets Other	0.96	0.94	0.95	0.67	0.73	0.43	0.58	0.95	0.08	-0.93	0.99	0.85	0.81		0.96	0.98	0.95	0.92	0.74	0.84	0.87	0.94	0.91	0.87	0.74	0.91
Other Assets	0.99	0.99	1.0	0.81	0.86	0.59	0.73	1.0	-0.12	-0.98	0.97	0.89	0.89	0.96		0.99	1.0	0.97	0.85	0.9	0.82	0.85	0.98	0.91	0.85	0.98
Cash And Short Term Investments	0.99	0.99	0.99	0.8	0.83	0.59	0.69	0.98	-0.09	-0.97	0.99	0.9	0.88	0.98	0.99		0.99	0.96	0.84	0.88	0.83	0.87	0.97	0.89	0.85	0.97
Net Receivables	1.0	1.0	1.0	0.83	0.88	0.63	0.76	1.0	-0.14	-0.98	0.97	0.88	0.9	0.95	1.0	0.99		0.98	0.87	0.9	0.83	0.82	0.99	0.9	0.87	0.99
Good Will	0.99	0.99	0.98	0.85	0.91	0.62	0.85	0.98	-0.19	-0.97	0.95	0.89	0.94	0.92	0.97	0.96	0.98		0.87	0.93	0.75	0.8	0.98	0.88	0.87	0.98
Common Stock Total Equity	0.87	0.89	0.87	0.99	0.96	0.89	0.87	0.87	-0.54	-0.9	0.77	0.92	0.93	0.74	0.85	0.84	0.87	0.87		0.85	0.53	0.5	0.92	0.86	1.0	0.92
Common Stock Shares Outstanding	0.91	0.91	0.91	0.83	0.93	0.54	0.83	0.91	-0.16	-0.93	0.87	0.9	0.97	0.84	0.9	0.88	0.9	0.93	0.85		0.69	0.74	0.9	0.95	0.85	0.9
Short Term Investments	0.81	0.8	0.83	0.46	0.51	0.27	0.36	0.82	0.37	-0.78	0.88	0.55	0.6	0.87	0.82	0.83	0.83	0.75	0.53	0.69		0.84	0.76	0.72	0.52	0.76
Non Current Liabilities Total	0.84	0.8	0.82	0.43	0.54	0.12	0.39	0.81	0.34	-0.79	0.91	0.71	0.67	0.94	0.85	0.87	0.82	0.8	0.5	0.74	0.84		0.73	0.75	0.51	0.73
Capital Surpluse	0.98	0.99	0.99	0.9	0.92	0.74	0.82	0.99	-0.27	-0.98	0.94	0.89	0.91	0.91	0.98	0.97	0.99	0.98	0.92	0.9	0.76	0.73		0.88	0.92	1.0
Inventory	0.9	0.89	0.9	0.8	0.88	0.55	0.71	0.9	-0.13	-0.93	0.87	0.91	0.94	0.87	0.91	0.89	0.9	0.88	0.86	0.95	0.72	0.75	0.88		0.86	0.88
Other Current Assets	0.87	0.89	0.87	0.99	0.96	0.88	0.86	0.87	-0.54	-0.9	0.78	0.93	0.92	0.74	0.85	0.85	0.87	0.87	1.0	0.85	0.52	0.51	0.92	0.86		0.92
Other Stockholder Equity	0.98	0.99	0.99	0.9	0.92	0.74	0.82	0.99	-0.27	-0.98	0.94	0.89	0.91	0.91	0.98	0.97	0.99	0.98	0.92	0.9	0.76	0.73	1.0	0.88	0.92

Click cells to compare fundamentals

Elastic NV Account Relationship Matchups

Elastic NV fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	803.9M	973.2M	1.6B	1.7B	2.0B	2.1B
Other Current Liab	70.6M	81.4M	121.9M	140.0M	161.0M	169.1M
Total Current Liabilities	321.4M	450.0M	593.3M	716.6M	824.1M	865.3M
Total Stockholder Equity	413.6M	450.8M	415.4M	398.9M	458.7M	260.8M
Other Liab	41.0M	52.7M	51.2M	46.5M	53.5M	36.0M
Net Tangible Assets	165.3M	215.7M	65.7M	66.2M	76.1M	66.8M
Property Plant And Equipment Net	40.5M	34.3M	32.6M	25.1M	28.9M	23.1M
Current Deferred Revenue	231.7M	352.8M	431.8M	528.7M	608.0M	638.4M
Net Debt	(261.6M)	(372.6M)	(266.7M)	(49.9M)	(44.9M)	(47.2M)
Retained Earnings	(484.3M)	(613.3M)	(817.2M)	(1.1B)	(948.0M)	(900.6M)
Accounts Payable	11.5M	7.2M	28.4M	35.2M	40.4M	42.4M
Cash	297.1M	400.8M	860.9M	644.2M	740.8M	410.4M
Non Current Assets Total	323.7M	336.0M	479.2M	469.2M	539.6M	273.2M
Non Currrent Assets Other	7.6M	12.5M	91.1M	104.0M	119.5M	125.5M
Other Assets	34.8M	66.5M	96.9M	111.4M	128.1M	134.5M
Cash And Short Term Investments	297.1M	400.8M	860.9M	915.2M	1.1B	1.1B
Net Receivables	128.7M	160.4M	215.2M	260.9M	300.1M	315.1M
Good Will	197.9M	198.9M	303.9M	303.6M	349.2M	366.6M
Common Stock Total Equity	856K	948K	990K	1.0M	1.2M	728.5K
Common Stock Shares Outstanding	78.8M	87.2M	92.5M	95.7M	110.1M	83.8M
Short Term Investments	0.0	1.3M	1.9M	271.0M	311.7M	327.3M
Liabilities And Stockholders Equity	803.9M	973.2M	1.6B	1.7B	2.0B	2.1B
Non Current Liabilities Total	68.8M	72.3M	634.2M	628.0M	722.2M	758.3M
Capital Surpluse	898.8M	1.1B	1.3B	1.5B	1.7B	1.8B
Inventory	21.8M	39.0M	46.3M	58.3M	67.0M	35.0M
Other Current Assets	32.6M	37.0M	41.2M	39.9M	45.8M	29.5M
Other Stockholder Equity	898.4M	1.1B	1.2B	1.5B	1.7B	1.8B
Total Liab	390.3M	522.3M	1.2B	1.3B	1.5B	1.6B
Deferred Long Term Liab	24.0M	50.3M	74.4M	95.9M	110.3M	115.8M
Net Invested Capital	413.6M	450.8M	982.0M	966.4M	1.1B	1.2B
Property Plant And Equipment Gross	40.5M	34.3M	32.6M	25.1M	28.9M	23.1M
Total Current Assets	480.2M	637.2M	1.2B	1.3B	1.5B	1.5B
Accumulated Other Comprehensive Income	(1.4M)	(8.1M)	(18.1M)	(20.0M)	(18.0M)	(17.1M)
Non Current Liabilities Other	13.0M	72.3M	17.6M	12.2M	14.1M	20.3M
Net Working Capital	158.8M	187.2M	570.4M	557.7M	641.3M	673.4M
Short Term Debt	7.6M	8.5M	11.2M	12.7M	11.5M	9.4M
Intangible Assets	50.5M	36.3M	45.8M	29.1M	33.5M	28.2M
Common Stock	856K	948K	990K	1.0M	1.2M	728.5K
Property Plant Equipment	40.5M	8.9M	32.6M	5.1M	5.9M	5.6M

Pair Trading with Elastic NV

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 Elastic NV 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 Elastic NV will appreciate offsetting losses from the drop in the long position's value.

Moving together with Elastic Stock

0.89	U	Unity Software Aggressive Push	Pair Corr
0.7	DT	Dynatrace Holdings LLC Financial Report 15th of May 2024	Pair Corr

Moving against Elastic Stock

0.86	ML	MoneyLion Downward Rally	Pair Corr
0.83	VERX	Vertex Financial Report 8th of May 2024	Pair Corr
0.73	DUOL	Duolingo Financial Report 14th of May 2024	Pair Corr
0.67	DJCO	Daily Journal Corp	Pair Corr
0.65	DSGX	Descartes Systems Financial Report 29th of May 2024	Pair Corr

The ability to find closely correlated positions to Elastic NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elastic NV 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 Elastic NV - 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 Elastic NV to buy it.

The correlation of Elastic NV 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 Elastic NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elastic NV 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 Elastic NV 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

When determining whether Elastic NV offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Elastic NV's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Elastic Nv Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Elastic Nv Stock:

How To Invest In Elastic

Details

Is Elastic Stock a good investment?

Details

What is Elastic NV's Net Worth?

Details

Largest Application Software Companies

View

Largest Software - Application Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elastic NV. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.

You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Complementary Tools for Elastic Stock analysis

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

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Is Elastic NV'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 Elastic NV. If investors know Elastic 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 Elastic NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

0.52

Revenue Per Share

12.3

Quarterly Revenue Growth

0.194

Return On Assets

(0.04)

Return On Equity

0.1027

The market value of Elastic NV is measured differently than its book value, which is the value of Elastic that is recorded on the company's balance sheet. Investors also form their own opinion of Elastic NV's value that differs from its market value or its book value, called intrinsic value, which is Elastic NV'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 Elastic NV's market value can be influenced by many factors that don't directly affect Elastic NV'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 Elastic NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elastic NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elastic NV'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.

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Elastic Reconciled Depreciation vs Selling General Administrative Analysis

Reconciled Depreciation vs Selling General Administrative

Reconciled Depreciation vs Selling General Administrative Correlation Analysis

Correlation Coefficient

Reconciled Depreciation

Selling General Administrative

Elastic NV fundamental ratios Correlations

Elastic NV Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Elastic NV fundamental ratios Accounts

Pair Trading with Elastic NV

Moving together with Elastic Stock

Moving against Elastic Stock

Complementary Tools for Elastic Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Current Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Net Receivables	+ 1.0	Other Current Liab
Current Deferred Revenue	+ 1.0	Total Current Liabilities

Other Stockholder Equity	- 0.98	Retained Earnings
Capital Surpluse	- 0.98	Retained Earnings
Net Receivables	- 0.98	Retained Earnings
Other Assets	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Current Deferred Revenue
Retained Earnings	- 0.98	Total Current Liabilities