Snowflake Good Will vs Common Stock Total Equity Analysis
SNOW Stock | USD 163.68 4.36 2.74% |
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 Good Will and its Common Stock Total Equity 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.
Good Will vs Common Stock Total Equity
Good Will vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Snowflake Good Will account and Common Stock Total Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Snowflake's Good Will and Common Stock Total Equity is -0.26. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Snowflake, assuming nothing else is changed. The correlation between historical values of Snowflake's Good Will and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Snowflake are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Good Will i.e., Snowflake's Good Will and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | -0.26 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.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
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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 |
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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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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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.