Snowflake Total Current Assets vs Other Assets Analysis

SNOW Stock

USD 158.13 5.63 3.69%

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 Total Current Assets and its Other Assets 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.

Total Current Assets vs Other Assets

Total Current Assets vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Snowflake Total Current Assets account and Other Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Snowflake's Total Current Assets and Other Assets is 0.85. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Assets in the same time period over historical financial statements of Snowflake, assuming nothing else is changed. The correlation between historical values of Snowflake's Total Current Assets and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Snowflake are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Total Current Assets i.e., Snowflake's Total Current Assets and Other Assets go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Other Assets

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

Gross Profit Total Revenue

Snowflake fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Net Debt	Retained Earnings	Cash	Non Currrent Assets Other	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Inventory	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Current Liab	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Non Current Assets Total
Total Assets		-0.21	0.95	-0.91	-0.48	0.96	0.64	0.95	0.78	-0.51	0.89	0.87	-0.67	0.76	0.09	0.92	0.88	0.67	0.93	0.96	0.91	0.94	0.92	0.92	0.78	0.96
Short Long Term Debt Total	-0.21		-0.21	0.53	-0.68	-0.24	0.18	-0.26	0.0	0.93	-0.48	-0.4	0.11	-0.35	0.92	-0.35	-0.17	0.25	-0.19	-0.26	-0.18	-0.26	-0.27	-0.21	-0.12	-0.24
Total Current Liabilities	0.95	-0.21		-0.92	-0.55	0.98	0.58	1.0	0.91	-0.51	0.87	0.7	-0.83	0.84	0.1	0.8	0.84	0.8	1.0	0.84	0.99	0.81	0.91	0.93	0.93	0.92
Net Debt	-0.91	0.53	-0.92		0.22	-0.95	-0.42	-0.94	-0.73	0.76	-0.91	-0.79	0.76	-0.81	0.22	-0.86	-0.8	-0.57	-0.91	-0.86	-0.88	-0.85	-0.88	-0.87	-0.81	-0.89
Retained Earnings	-0.48	-0.68	-0.55	0.22		-0.5	-0.59	-0.5	-0.7	-0.44	-0.17	-0.1	0.58	-0.31	-0.82	-0.23	-0.39	-0.82	-0.57	-0.34	-0.57	-0.33	-0.37	-0.48	-0.63	-0.43
Cash	0.96	-0.24	0.98	-0.95	-0.5		0.53	0.98	0.84	-0.53	0.85	0.74	-0.84	0.78	0.06	0.82	0.82	0.75	0.98	0.87	0.94	0.86	0.89	0.89	0.89	0.91
Non Currrent Assets Other	0.64	0.18	0.58	-0.42	-0.59	0.53		0.57	0.47	0.01	0.48	0.54	-0.26	0.47	0.31	0.59	0.59	0.37	0.54	0.63	0.6	0.62	0.55	0.65	0.43	0.64
Net Receivables	0.95	-0.26	1.0	-0.94	-0.5	0.98	0.57		0.88	-0.56	0.89	0.73	-0.81	0.85	0.05	0.82	0.85	0.77	0.99	0.85	0.98	0.83	0.92	0.93	0.91	0.93
Good Will	0.78	0.0	0.91	-0.73	-0.7	0.84	0.47	0.88		-0.26	0.64	0.41	-0.87	0.74	0.27	0.54	0.64	0.93	0.92	0.6	0.94	0.57	0.73	0.8	0.97	0.74
Common Stock Total Equity	-0.51	0.93	-0.51	0.76	-0.44	-0.53	0.01	-0.56	-0.26		-0.76	-0.62	0.33	-0.61	0.74	-0.61	-0.5	-0.02	-0.49	-0.53	-0.47	-0.52	-0.6	-0.51	-0.37	-0.54
Common Stock Shares Outstanding	0.89	-0.48	0.87	-0.91	-0.17	0.85	0.48	0.89	0.64	-0.76		0.87	-0.56	0.9	-0.16	0.92	0.93	0.46	0.83	0.89	0.84	0.88	0.97	0.92	0.67	0.94
Short Term Investments	0.87	-0.4	0.7	-0.79	-0.1	0.74	0.54	0.73	0.41	-0.62	0.87		-0.29	0.64	-0.14	0.97	0.82	0.27	0.65	0.96	0.64	0.96	0.83	0.79	0.4	0.88
Inventory	-0.67	0.11	-0.83	0.76	0.58	-0.84	-0.26	-0.81	-0.87	0.33	-0.56	-0.29		-0.65	-0.14	-0.44	-0.55	-0.83	-0.88	-0.49	-0.81	-0.49	-0.64	-0.67	-0.95	-0.62
Total Liab	0.76	-0.35	0.84	-0.81	-0.31	0.78	0.47	0.85	0.74	-0.61	0.9	0.64	-0.65		0.01	0.78	0.88	0.59	0.82	0.73	0.85	0.72	0.91	0.94	0.75	0.88
Property Plant And Equipment Gross	0.09	0.92	0.1	0.22	-0.82	0.06	0.31	0.05	0.27	0.74	-0.16	-0.14	-0.14	0.01		-0.04	0.16	0.52	0.11	0.04	0.12	0.05	0.06	0.14	0.16	0.1
Total Current Assets	0.92	-0.35	0.8	-0.86	-0.23	0.82	0.59	0.82	0.54	-0.61	0.92	0.97	-0.44	0.78	-0.04		0.9	0.41	0.76	0.98	0.75	0.99	0.91	0.9	0.55	0.96
Short Term Debt	0.88	-0.17	0.84	-0.8	-0.39	0.82	0.59	0.85	0.64	-0.5	0.93	0.82	-0.55	0.88	0.16	0.9		0.54	0.81	0.89	0.81	0.89	0.97	0.94	0.64	0.95
Intangible Assets	0.67	0.25	0.8	-0.57	-0.82	0.75	0.37	0.77	0.93	-0.02	0.46	0.27	-0.83	0.59	0.52	0.41	0.54		0.83	0.49	0.83	0.46	0.6	0.68	0.89	0.62
Other Current Liab	0.93	-0.19	1.0	-0.91	-0.57	0.98	0.54	0.99	0.92	-0.49	0.83	0.65	-0.88	0.82	0.11	0.76	0.81	0.83		0.8	0.98	0.78	0.88	0.9	0.95	0.89
Total Stockholder Equity	0.96	-0.26	0.84	-0.86	-0.34	0.87	0.63	0.85	0.6	-0.53	0.89	0.96	-0.49	0.73	0.04	0.98	0.89	0.49	0.8		0.79	1.0	0.9	0.9	0.6	0.96
Other Liab	0.91	-0.18	0.99	-0.88	-0.57	0.94	0.6	0.98	0.94	-0.47	0.84	0.64	-0.81	0.85	0.12	0.75	0.81	0.83	0.98	0.79		0.76	0.88	0.92	0.93	0.89
Net Tangible Assets	0.94	-0.26	0.81	-0.85	-0.33	0.86	0.62	0.83	0.57	-0.52	0.88	0.96	-0.49	0.72	0.05	0.99	0.89	0.46	0.78	1.0	0.76		0.89	0.89	0.58	0.95
Property Plant And Equipment Net	0.92	-0.27	0.91	-0.88	-0.37	0.89	0.55	0.92	0.73	-0.6	0.97	0.83	-0.64	0.91	0.06	0.91	0.97	0.6	0.88	0.9	0.88	0.89		0.96	0.74	0.97
Current Deferred Revenue	0.92	-0.21	0.93	-0.87	-0.48	0.89	0.65	0.93	0.8	-0.51	0.92	0.79	-0.67	0.94	0.14	0.9	0.94	0.68	0.9	0.9	0.92	0.89	0.96		0.79	0.98
Accounts Payable	0.78	-0.12	0.93	-0.81	-0.63	0.89	0.43	0.91	0.97	-0.37	0.67	0.4	-0.95	0.75	0.16	0.55	0.64	0.89	0.95	0.6	0.93	0.58	0.74	0.79		0.74
Non Current Assets Total	0.96	-0.24	0.92	-0.89	-0.43	0.91	0.64	0.93	0.74	-0.54	0.94	0.88	-0.62	0.88	0.1	0.96	0.95	0.62	0.89	0.96	0.89	0.95	0.97	0.98	0.74

Click cells to compare fundamentals

Snowflake Account Relationship Matchups

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

Snowflake Investors Sentiment

The influence of Snowflake's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Snowflake. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Snowflake's public news can be used to forecast risks associated with an investment in Snowflake. The trend in average sentiment can be used to explain how an investor holding Snowflake can time the market purely based on public headlines and social activities around Snowflake. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Snowflake's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Snowflake's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Snowflake's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Snowflake.

Snowflake Implied Volatility

89.18

Snowflake's implied volatility exposes the market's sentiment of Snowflake stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Snowflake's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Snowflake stock will not fluctuate a lot when Snowflake's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Snowflake in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Snowflake's short interest history, or implied volatility extrapolated from Snowflake options trading.

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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:

How To Invest In Snowflake

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Is Snowflake Stock a good investment?

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What is Snowflake'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 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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

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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

(2.56)

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.

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Snowflake Total Current Assets vs Other Assets Analysis

Total Current Assets vs Other Assets

Total Current Assets vs Other Assets Correlation Analysis

Correlation Coefficient

Total Current Assets

Other Assets

Snowflake fundamental ratios Correlations

Snowflake Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Snowflake fundamental ratios Accounts

Snowflake Investors Sentiment

Snowflake Implied Volatility

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Receivables	+ 1.0	Total Current Liabilities
Other Current Liab	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Other Liab	+ 0.99	Total Current Liabilities
Other Current Liab	+ 0.99	Net Receivables
Net Tangible Assets	+ 0.99	Total Current Assets

Accounts Payable	- 0.95	Inventory
Cash	- 0.95	Net Debt
Net Receivables	- 0.94	Net Debt
Net Debt	- 0.92	Total Current Liabilities
Other Current Liab	- 0.91	Net Debt
Common Stock Shares Outstanding	- 0.91	Net Debt