Veeva Total Assets vs Non Currrent Assets Other Analysis

VEEV Stock

USD 209.65 1.73 0.82%

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

Total Assets vs Non Currrent Assets Other

Total Assets vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Veeva Systems Class Total Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Veeva Systems' Total Assets and Non Currrent Assets Other is 0.96. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Veeva Systems Class, assuming nothing else is changed. The correlation between historical values of Veeva Systems' Total Assets and Non Currrent Assets Other 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 Assets of Veeva Systems Class are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Total Assets i.e., Veeva Systems' Total Assets and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Assets

Total assets refers to the total amount of Veeva Systems assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Veeva Systems Class books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

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

At this time, Veeva Systems' Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 113.51 in 2024, whereas Tax Provision is likely to drop slightly above 34.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.3B	1.5B	1.7B	1.8B
Total Revenue	1.9B	2.2B	2.4B	2.5B

Gross Profit Total Revenue

Veeva Systems fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Common Stock Shares Outstanding		0.62	0.7	0.66	0.61	0.66	0.81	0.65	-0.6	0.59	0.62	0.6	0.68	0.54	0.45	0.58	0.67	0.64	-0.41	0.56	0.62	0.66	0.76	0.6	-0.27	0.65
Total Assets	0.62		0.97	1.0	1.0	0.91	0.77	1.0	-0.83	1.0	0.95	0.77	0.95	0.96	0.39	0.99	0.99	0.97	-0.4	0.98	1.0	1.0	0.94	1.0	0.04	0.61
Other Current Liab	0.7	0.97		0.98	0.96	0.89	0.88	0.98	-0.89	0.96	0.95	0.85	0.98	0.93	0.5	0.94	0.99	0.99	-0.52	0.92	0.96	0.99	0.97	0.95	-0.04	0.76
Total Current Liabilities	0.66	1.0	0.98		0.99	0.91	0.82	1.0	-0.86	0.99	0.95	0.8	0.96	0.95	0.43	0.98	1.0	0.98	-0.42	0.97	0.99	1.0	0.96	0.99	0.03	0.66
Total Stockholder Equity	0.61	1.0	0.96	0.99		0.92	0.76	1.0	-0.82	1.0	0.94	0.76	0.94	0.96	0.38	1.0	0.99	0.97	-0.39	0.98	1.0	0.99	0.93	1.0	0.04	0.59
Other Liab	0.66	0.91	0.89	0.91	0.92		0.7	0.91	-0.72	0.9	0.84	0.65	0.83	0.88	0.36	0.92	0.89	0.85	-0.5	0.92	0.94	0.91	0.87	0.92	-0.22	0.48
Property Plant And Equipment Net	0.81	0.77	0.88	0.82	0.76	0.7		0.81	-0.84	0.75	0.82	0.87	0.9	0.7	0.62	0.71	0.84	0.85	-0.46	0.69	0.78	0.82	0.9	0.74	0.01	0.92
Current Deferred Revenue	0.65	1.0	0.98	1.0	1.0	0.91	0.81		-0.85	0.99	0.95	0.79	0.96	0.95	0.41	0.99	1.0	0.98	-0.42	0.97	0.99	1.0	0.96	0.99	0.03	0.65
Net Debt	-0.6	-0.83	-0.89	-0.86	-0.82	-0.72	-0.84	-0.85		-0.82	-0.82	-0.98	-0.84	-0.83	-0.59	-0.8	-0.88	-0.84	0.4	-0.75	-0.82	-0.86	-0.82	-0.82	-0.15	-0.72
Retained Earnings	0.59	1.0	0.96	0.99	1.0	0.9	0.75	0.99	-0.82		0.95	0.76	0.94	0.97	0.38	0.99	0.99	0.97	-0.39	0.98	0.99	0.99	0.92	1.0	0.05	0.59
Accounts Payable	0.62	0.95	0.95	0.95	0.94	0.84	0.82	0.95	-0.82	0.95		0.78	0.95	0.93	0.63	0.93	0.96	0.97	-0.4	0.95	0.93	0.96	0.9	0.94	0.1	0.69
Cash	0.6	0.77	0.85	0.8	0.76	0.65	0.87	0.79	-0.98	0.76	0.78		0.8	0.77	0.64	0.73	0.83	0.8	-0.39	0.68	0.76	0.8	0.78	0.75	0.17	0.76
Non Current Assets Total	0.68	0.95	0.98	0.96	0.94	0.83	0.9	0.96	-0.84	0.94	0.95	0.8		0.88	0.49	0.91	0.97	0.99	-0.47	0.89	0.94	0.97	0.98	0.92	0.03	0.82
Non Currrent Assets Other	0.54	0.96	0.93	0.95	0.96	0.88	0.7	0.95	-0.83	0.97	0.93	0.77	0.88		0.45	0.96	0.94	0.93	-0.34	0.95	0.95	0.95	0.85	0.96	0.08	0.53
Other Assets	0.45	0.39	0.5	0.43	0.38	0.36	0.62	0.41	-0.59	0.38	0.63	0.64	0.49	0.45		0.34	0.45	0.47	-0.3	0.41	0.37	0.43	0.4	0.36	0.1	0.57
Cash And Short Term Investments	0.58	0.99	0.94	0.98	1.0	0.92	0.71	0.99	-0.8	0.99	0.93	0.73	0.91	0.96	0.34		0.97	0.94	-0.36	0.98	0.99	0.98	0.91	1.0	0.04	0.53
Net Receivables	0.67	0.99	0.99	1.0	0.99	0.89	0.84	1.0	-0.88	0.99	0.96	0.83	0.97	0.94	0.45	0.97		0.98	-0.44	0.95	0.98	1.0	0.96	0.98	0.04	0.69
Non Current Liabilities Total	0.64	0.97	0.99	0.98	0.97	0.85	0.85	0.98	-0.84	0.97	0.97	0.8	0.99	0.93	0.47	0.94	0.98		-0.45	0.93	0.96	0.98	0.96	0.96	0.05	0.76
Inventory	-0.41	-0.4	-0.52	-0.42	-0.39	-0.5	-0.46	-0.42	0.4	-0.39	-0.4	-0.39	-0.47	-0.34	-0.3	-0.36	-0.44	-0.45		-0.36	-0.37	-0.43	-0.46	-0.38	0.74	-0.47
Other Current Assets	0.56	0.98	0.92	0.97	0.98	0.92	0.69	0.97	-0.75	0.98	0.95	0.68	0.89	0.95	0.41	0.98	0.95	0.93	-0.36		0.98	0.96	0.88	0.98	0.03	0.5
Other Stockholder Equity	0.62	1.0	0.96	0.99	1.0	0.94	0.78	0.99	-0.82	0.99	0.93	0.76	0.94	0.95	0.37	0.99	0.98	0.96	-0.37	0.98		0.99	0.95	0.99	0.04	0.6
Total Liab	0.66	1.0	0.99	1.0	0.99	0.91	0.82	1.0	-0.86	0.99	0.96	0.8	0.97	0.95	0.43	0.98	1.0	0.98	-0.43	0.96	0.99		0.96	0.99	0.03	0.67
Property Plant And Equipment Gross	0.76	0.94	0.97	0.96	0.93	0.87	0.9	0.96	-0.82	0.92	0.9	0.78	0.98	0.85	0.4	0.91	0.96	0.96	-0.46	0.88	0.95	0.96		0.92	-0.04	0.79
Total Current Assets	0.6	1.0	0.95	0.99	1.0	0.92	0.74	0.99	-0.82	1.0	0.94	0.75	0.92	0.96	0.36	1.0	0.98	0.96	-0.38	0.98	0.99	0.99	0.92		0.04	0.56
Short Term Debt	-0.27	0.04	-0.04	0.03	0.04	-0.22	0.01	0.03	-0.15	0.05	0.1	0.17	0.03	0.08	0.1	0.04	0.04	0.05	0.74	0.03	0.04	0.03	-0.04	0.04		0.02
Intangible Assets	0.65	0.61	0.76	0.66	0.59	0.48	0.92	0.65	-0.72	0.59	0.69	0.76	0.82	0.53	0.57	0.53	0.69	0.76	-0.47	0.5	0.6	0.67	0.79	0.56	0.02

Click cells to compare fundamentals

Veeva Systems Account Relationship Matchups

Veeva Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	158.3M	160.7M	162.3M	162.4M	163.5M	155.5M
Total Assets	2.3B	3.0B	3.8B	4.8B	5.9B	6.2B
Other Current Liab	52.9M	64.0M	77.7M	84.5M	88.3M	92.7M
Total Current Liabilities	551.2M	716.0M	840.8M	1.0B	1.2B	1.2B
Total Stockholder Equity	1.7B	2.3B	2.9B	3.7B	4.6B	4.9B
Other Liab	10.2M	12.4M	20.4M	31.6M	36.3M	38.1M
Property Plant And Equipment Net	103.9M	110.6M	104.1M	105.2M	104.1M	64.8M
Current Deferred Revenue	468.9M	617.0M	731.7M	869.3M	1.0B	1.1B
Net Debt	(421.9M)	(667.4M)	(1.1B)	(825.5M)	(647.7M)	(680.1M)
Retained Earnings	919.7M	1.3B	1.7B	2.2B	2.7B	2.9B
Accounts Payable	19.4M	23.3M	20.3M	41.7M	31.5M	33.1M
Cash	476.7M	730.5M	1.1B	886.5M	703.5M	473.6M
Non Current Assets Total	740.7M	735.2M	709.3M	835.0M	907.7M	953.1M
Non Currrent Assets Other	16.2M	17.9M	55.0M	67.6M	64.0M	67.2M
Other Assets	63.6M	74.1M	63.3M	207.5M	1.0	0.95
Cash And Short Term Investments	1.1B	1.7B	2.4B	3.1B	4.0B	4.2B
Net Receivables	422.5M	611.6M	694.4M	785.2M	888.5M	933.0M
Liabilities And Stockholders Equity	2.3B	3.0B	3.8B	4.8B	5.9B	6.2B
Non Current Liabilities Total	55.0M	63.8M	64.0M	81.2M	87.2M	91.6M
Other Current Assets	21.9M	35.6M	36.7M	81.5M	86.9M	91.3M
Other Stockholder Equity	745.5M	965.7M	1.2B	1.5B	1.9B	2.0B
Total Liab	606.2M	779.7M	904.8M	1.1B	1.3B	1.3B
Property Plant And Equipment Gross	103.9M	110.6M	104.1M	105.2M	140.9M	147.9M
Total Current Assets	1.5B	2.3B	3.1B	4.0B	5.0B	5.3B
Accumulated Other Comprehensive Income	460K	992K	(12.0M)	(31.1M)	(10.6M)	(10.1M)
Short Term Debt	10.0M	11.7M	11.0M	11.3M	9.3M	7.7M
Intangible Assets	134.6M	114.6M	101.9M	82.5M	63.0M	55.5M
Property Plant Equipment	54.8M	110.6M	104.1M	105.2M	120.9M	127.0M
Short Term Investments	610.0M	933.1M	1.2B	2.2B	3.3B	3.5B
Net Tangible Assets	1.1B	1.7B	2.4B	3.2B	3.7B	3.9B
Retained Earnings Total Equity	354.9M	619.2M	919.7M	1.3B	1.5B	1.6B
Capital Surpluse	515.3M	617.6M	745.5M	965.7M	1.1B	576.9M
Deferred Long Term Liab	2.4M	42.1M	33.1M	31.8M	36.6M	21.5M
Non Current Liabilities Other	52.6M	10.6M	18.2M	30.1M	38.7M	40.7M
Deferred Long Term Asset Charges	3.5M	36.8M	35.6M	42.1M	48.4M	26.4M
Net Invested Capital	1.7B	2.3B	2.9B	3.7B	4.6B	2.7B
Net Working Capital	980.0M	1.6B	2.3B	3.0B	3.8B	2.1B

Pair Trading with Veeva Systems

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 Veeva Systems 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 Veeva Systems will appreciate offsetting losses from the drop in the long position's value.

Moving together with Veeva Stock

0.76

Laboratory

Pair Corr

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

The correlation of Veeva Systems 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 Veeva Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Veeva Systems Class 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 Veeva Systems 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 Veeva Systems Class is a strong investment it is important to analyze Veeva Systems' 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 Veeva Systems' future performance. For an informed investment choice regarding Veeva Stock, refer to the following important reports:

How To Invest In Veeva

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Is Veeva Stock a good investment?

Details

What is Veeva Systems' Net Worth?

Details

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

Note that the Veeva Systems Class information on this page should be used as a complementary analysis to other Veeva Systems' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Veeva Stock analysis

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

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Is Veeva Systems' 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 Veeva Systems. If investors know Veeva 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 Veeva Systems 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

(0.23)

Earnings Share

3.21

Revenue Per Share

14.724

Quarterly Revenue Growth

0.119

Return On Assets

0.0501

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

Total Assets vs Non Currrent Assets Other

Total Assets vs Non Currrent Assets Other Correlation Analysis

Correlation Coefficient

Total Assets

Non Currrent Assets Other

Veeva Systems fundamental ratios Correlations

Veeva Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Veeva Systems fundamental ratios Accounts

Pair Trading with Veeva Systems

Moving together with Veeva Stock

Complementary Tools for Veeva Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Current Deferred Revenue	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets

Cash	- 0.98	Net Debt
Net Debt	- 0.89	Other Current Liab
Net Receivables	- 0.88	Net Debt
Total Liab	- 0.86	Net Debt
Net Debt	- 0.86	Total Current Liabilities
Net Debt	- 0.85	Current Deferred Revenue