Skillz Net Invested Capital vs Net Working Capital Analysis

SKLZ Stock

USD 6.37 0.01 0.16%

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

For more information on how to buy Skillz Stock please use our How to Invest in Skillz Platform guide.

Net Invested Capital vs Net Working Capital

Net Invested Capital vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skillz Platform Net Invested Capital account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Skillz Platform's Net Invested Capital and Net Working Capital is 0.97. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Skillz Platform, assuming nothing else is changed. The correlation between historical values of Skillz Platform's Net Invested Capital and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Skillz Platform are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Invested Capital i.e., Skillz Platform's Net Invested Capital and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Working Capital

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

For more information on how to buy Skillz Stock please use our How to Invest in Skillz Platform guide.At this time, Skillz Platform's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.70 in 2024, whereas Selling General Administrative is likely to drop slightly above 86.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	359.4M	239.0M	134.7M	204.2M
Total Revenue	384.1M	269.7M	150.1M	220.9M

Gross Profit Total Revenue

Skillz Platform fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Common Stock Shares Outstanding	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Total Equity	Non Current Liabilities Total	Other Stockholder Equity	Total Liab
Other Current Liab		0.98	0.98	-0.82	0.43	0.92	0.94	0.84	0.97	0.89	0.74	0.95	0.87	0.93	0.94	0.84	-0.34	0.91	0.83	0.89	0.93	0.97	0.92	0.91	0.97	0.94
Total Current Liabilities	0.98		0.98	-0.72	0.6	0.91	0.91	0.93	0.97	0.87	0.81	0.96	0.91	0.97	0.92	0.86	-0.36	0.88	0.86	0.92	0.93	0.96	0.88	0.86	0.91	0.9
Net Tangible Assets	0.98	0.98		-0.77	0.55	0.95	0.94	0.9	0.97	0.94	0.75	0.93	0.92	0.93	0.88	0.8	-0.43	0.92	0.79	0.93	0.96	0.96	0.92	0.84	0.93	0.89
Retained Earnings	-0.82	-0.72	-0.77		0.05	-0.81	-0.92	-0.47	-0.77	-0.81	-0.26	-0.7	-0.68	-0.63	-0.69	-0.52	0.54	-0.89	-0.47	-0.78	-0.82	-0.8	-0.88	-0.76	-0.93	-0.78
Accounts Payable	0.43	0.6	0.55	0.05		0.5	0.33	0.79	0.49	0.41	0.71	0.5	0.64	0.63	0.37	0.5	-0.25	0.36	0.51	0.56	0.51	0.46	0.37	0.24	0.24	0.31
Other Assets	0.92	0.91	0.95	-0.81	0.5		0.97	0.77	0.91	0.92	0.53	0.81	0.92	0.81	0.73	0.63	-0.65	0.97	0.58	0.97	1.0	0.9	0.98	0.73	0.92	0.78
Common Stock Shares Outstanding	0.94	0.91	0.94	-0.92	0.33	0.97		0.73	0.92	0.92	0.5	0.85	0.89	0.82	0.79	0.66	-0.6	0.99	0.63	0.95	0.98	0.93	0.97	0.82	0.98	0.85
Other Current Assets	0.84	0.93	0.9	-0.47	0.79	0.77	0.73		0.84	0.78	0.9	0.88	0.85	0.94	0.81	0.86	-0.3	0.7	0.85	0.82	0.8	0.84	0.72	0.69	0.7	0.75
Total Current Assets	0.97	0.97	0.97	-0.77	0.49	0.91	0.92	0.84		0.87	0.74	0.98	0.94	0.95	0.91	0.75	-0.32	0.92	0.84	0.93	0.92	1.0	0.86	0.94	0.94	0.96
Common Stock	0.89	0.87	0.94	-0.81	0.41	0.92	0.92	0.78	0.87		0.55	0.79	0.85	0.78	0.73	0.63	-0.57	0.91	0.59	0.9	0.93	0.86	0.91	0.73	0.89	0.77
Property Plant Equipment	0.74	0.81	0.75	-0.26	0.71	0.53	0.5	0.9	0.74	0.55		0.84	0.64	0.89	0.85	0.88	0.14	0.45	0.94	0.57	0.57	0.72	0.48	0.7	0.56	0.73
Total Assets	0.95	0.96	0.93	-0.7	0.5	0.81	0.85	0.88	0.98	0.79	0.84		0.88	0.98	0.96	0.84	-0.17	0.82	0.93	0.86	0.85	0.97	0.77	0.95	0.89	0.97
Short Long Term Debt Total	0.87	0.91	0.92	-0.68	0.64	0.92	0.89	0.85	0.94	0.85	0.64	0.88		0.89	0.73	0.6	-0.52	0.92	0.69	0.98	0.93	0.94	0.83	0.78	0.83	0.82
Total Stockholder Equity	0.93	0.97	0.93	-0.63	0.63	0.81	0.82	0.94	0.95	0.78	0.89	0.98	0.89		0.93	0.87	-0.21	0.79	0.94	0.86	0.84	0.95	0.76	0.88	0.83	0.91
Other Liab	0.94	0.92	0.88	-0.69	0.37	0.73	0.79	0.81	0.91	0.73	0.85	0.96	0.73	0.93		0.92	-0.03	0.73	0.95	0.72	0.77	0.9	0.74	0.93	0.87	0.95
Property Plant And Equipment Net	0.84	0.86	0.8	-0.52	0.5	0.63	0.66	0.86	0.75	0.63	0.88	0.84	0.6	0.87	0.92		-0.05	0.56	0.9	0.6	0.67	0.75	0.67	0.71	0.71	0.76
Net Debt	-0.34	-0.36	-0.43	0.54	-0.25	-0.65	-0.6	-0.3	-0.32	-0.57	0.14	-0.17	-0.52	-0.21	-0.03	-0.05		-0.64	0.13	-0.63	-0.63	-0.35	-0.66	-0.05	-0.43	-0.11
Cash	0.91	0.88	0.92	-0.89	0.36	0.97	0.99	0.7	0.92	0.91	0.45	0.82	0.92	0.79	0.73	0.56	-0.64		0.57	0.97	0.98	0.92	0.95	0.79	0.95	0.83
Non Current Assets Total	0.83	0.86	0.79	-0.47	0.51	0.58	0.63	0.85	0.84	0.59	0.94	0.93	0.69	0.94	0.95	0.9	0.13	0.57		0.63	0.63	0.83	0.55	0.86	0.7	0.88
Non Currrent Assets Other	0.89	0.92	0.93	-0.78	0.56	0.97	0.95	0.82	0.93	0.9	0.57	0.86	0.98	0.86	0.72	0.6	-0.63	0.97	0.63		0.97	0.94	0.91	0.76	0.89	0.81
Long Term Debt	0.93	0.93	0.96	-0.82	0.51	1.0	0.98	0.8	0.92	0.93	0.57	0.85	0.93	0.84	0.77	0.67	-0.63	0.98	0.63	0.97		0.92	0.98	0.76	0.93	0.81
Cash And Short Term Investments	0.97	0.96	0.96	-0.8	0.46	0.9	0.93	0.84	1.0	0.86	0.72	0.97	0.94	0.95	0.9	0.75	-0.35	0.92	0.83	0.94	0.92		0.86	0.94	0.94	0.96
Common Stock Total Equity	0.92	0.88	0.92	-0.88	0.37	0.98	0.97	0.72	0.86	0.91	0.48	0.77	0.83	0.76	0.74	0.67	-0.66	0.95	0.55	0.91	0.98	0.86		0.7	0.94	0.76
Non Current Liabilities Total	0.91	0.86	0.84	-0.76	0.24	0.73	0.82	0.69	0.94	0.73	0.7	0.95	0.78	0.88	0.93	0.71	-0.05	0.79	0.86	0.76	0.76	0.94	0.7		0.9	1.0
Other Stockholder Equity	0.97	0.91	0.93	-0.93	0.24	0.92	0.98	0.7	0.94	0.89	0.56	0.89	0.83	0.83	0.87	0.71	-0.43	0.95	0.7	0.89	0.93	0.94	0.94	0.9		0.92
Total Liab	0.94	0.9	0.89	-0.78	0.31	0.78	0.85	0.75	0.96	0.77	0.73	0.97	0.82	0.91	0.95	0.76	-0.11	0.83	0.88	0.81	0.81	0.96	0.76	1.0	0.92

Click cells to compare fundamentals

Skillz Platform Account Relationship Matchups

Skillz Platform fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	7.5M	25.3M	64.7M	45.7M	51.8M	36.5M
Total Current Liabilities	10.5M	47.4M	86.8M	49.5M	54.8M	47.5M
Net Tangible Assets	18.7M	235.0M	457.7M	278.4M	320.2M	200.5M
Retained Earnings	(90.3M)	(215.3M)	(419.7M)	(873.1M)	(979.8M)	(930.8M)
Accounts Payable	2.9M	22.0M	19.8M	1.7M	1.7M	1.6M
Other Assets	116K	3.9M	3.5M	3.8M	4.3M	2.5M
Other Current Assets	4.4M	10.5M	16.7M	4.7M	6.4M	8.2M
Total Current Assets	35.1M	273.2M	590.6M	501.7M	324.4M	320.8M
Common Stock	29K	37K	40K	41K	47.2K	34.7K
Property Plant Equipment	3.6M	5.3M	24.5M	3.5M	4.0M	3.8M

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VWITX	Vanguard Intermediate Term Tax Exempt
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When determining whether Skillz Platform offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Skillz Platform'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 Skillz Platform Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Skillz Platform Stock:

How To Invest In Skillz

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Is Skillz Stock a good investment?

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What is Skillz Platform's Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skillz Platform. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Skillz Stock please use our How to Invest in Skillz Platform guide.

You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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

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Is Skillz Platform'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 Skillz Platform. If investors know Skillz 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 Skillz Platform 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

30.538

Earnings Share

(5.11)

Revenue Per Share

6.455

Quarterly Revenue Growth

(0.43)

Return On Assets

(0.14)

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

Net Invested Capital vs Net Working Capital

Net Invested Capital vs Net Working Capital Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Working Capital

Skillz Platform fundamental ratios Correlations

Skillz Platform Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Skillz Platform fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 1.0	Other Assets
Cash And Short Term Investments	+ 1.0	Total Current Assets
Total Liab	+ 1.0	Non Current Liabilities Total
Cash	+ 0.99	Common Stock Shares Outstanding
Total Current Liabilities	+ 0.98	Other Current Liab
Net Tangible Assets	+ 0.98	Other Current Liab

Other Stockholder Equity	- 0.93	Retained Earnings
Common Stock Shares Outstanding	- 0.92	Retained Earnings
Cash	- 0.89	Retained Earnings
Common Stock Total Equity	- 0.88	Retained Earnings
Long Term Debt	- 0.82	Retained Earnings
Retained Earnings	- 0.82	Other Current Liab