Veritone Cash vs Other Current Assets Analysis
VERI Stock | USD 2.97 0.05 1.71% |
Veritone financial indicator trend analysis is much more than just breaking down Veritone prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Veritone is a good investment. Please check the relationship between Veritone Cash and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veritone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Veritone Stock please use our How to Invest in Veritone guide.
Cash vs Other Current Assets
Cash vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Veritone Cash account and Other Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Veritone's Cash and Other Current Assets is 0.91. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Veritone, assuming nothing else is changed. The correlation between historical values of Veritone's Cash and Other Current 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 Cash of Veritone are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash i.e., Veritone's Cash and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Veritone, which is listed under current asset account on Veritone balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Veritone customers. The amounts must be unrestricted with restricted cash listed in a different Veritone account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Veritone's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Veritone 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 Veritone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Veritone Stock please use our How to Invest in Veritone guide.As of now, Veritone's Tax Provision is increasing as compared to previous years. The Veritone's current Sales General And Administrative To Revenue is estimated to increase to 1.12, while Selling General Administrative is projected to decrease to under 40.4 M.
2020 | 2022 | 2023 | 2024 (projected) | Gross Profit | 42.0M | 122.3M | 73.2M | 41.0M | Total Revenue | 57.7M | 149.7M | 127.6M | 133.9M |
Veritone fundamental ratios Correlations
Click cells to compare fundamentals
Veritone Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Veritone fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 108.5M | 177.7M | 504.8M | 424.8M | 375.8M | 206.8M | |
Other Current Liab | 23.5M | 66.1M | 20.0M | 135.0M | 119.6M | 125.6M | |
Total Current Liabilities | 59.7M | 88.2M | 191.3M | 192.9M | 188.8M | 98.8M | |
Total Stockholder Equity | 47.4M | 88.2M | 80.6M | 80.2M | 38.1M | 42.4M | |
Other Liab | 1.4M | 1.2M | 37.8M | 12.3M | 14.1M | 7.4M | |
Net Tangible Assets | 24.4M | 70.6M | (41.7M) | (46.3M) | (41.7M) | (39.6M) | |
Retained Earnings | (232.5M) | (280.4M) | (351.0M) | (371.3M) | (429.9M) | (408.4M) | |
Accounts Payable | 17.0M | 15.6M | 46.7M | 36.7M | 32.8M | 25.9M | |
Cash | 44.1M | 114.8M | 254.7M | 184.4M | 79.4M | 87.4M | |
Net Receivables | 31.6M | 35.0M | 112.2M | 78.3M | 88.9M | 45.5M | |
Common Stock Shares Outstanding | 21.8M | 27.6M | 33.3M | 36.0M | 36.9M | 22.4M | |
Other Stockholder Equity | 279.8M | 368.5M | 431.6M | 451.5M | 468.0M | 253.3M | |
Total Liab | 61.1M | 89.4M | 424.2M | 344.6M | 337.7M | 354.6M | |
Total Current Assets | 81.1M | 156.6M | 379.1M | 278.0M | 182.8M | 145.8M | |
Intangible Assets | 16.1M | 10.7M | 88.2M | 79.7M | 83.4M | 87.6M | |
Common Stock | 26K | 32K | 35K | 36K | 38K | 23.2K | |
Property Plant Equipment | 3.2M | 2.4M | 1.6M | 5.3M | 6.1M | 6.4M | |
Property Plant And Equipment Net | 3.2M | 2.4M | 1.6M | 5.3M | 10.3M | 10.8M | |
Current Deferred Revenue | 19.2M | 6.5M | 10.6M | 19.0M | 28.3M | 29.7M | |
Net Debt | (44.1M) | (114.8M) | (59.6M) | (46.7M) | 63.6M | 66.8M | |
Non Current Assets Total | 27.4M | 21.1M | 125.7M | 146.7M | 193.0M | 202.7M | |
Cash And Short Term Investments | 44.1M | 114.8M | 254.7M | 184.4M | 79.4M | 101.3M | |
Common Stock Total Equity | 26K | 32K | 35K | 36K | 41.4K | 23.4K | |
Liabilities And Stockholders Equity | 108.5M | 177.7M | 504.8M | 424.8M | 375.8M | 226.1M | |
Non Current Liabilities Total | 1.4M | 1.2M | 232.9M | 151.6M | 148.8M | 156.3M | |
Capital Surpluse | 279.8M | 368.5M | 431.6M | 451.2M | 518.8M | 265.1M | |
Other Current Assets | 15.7M | 25.1M | 39.3M | 15.2M | 14.5M | 14.4M | |
Property Plant And Equipment Gross | 3.2M | 2.4M | 4.4M | 8.8M | 16.7M | 17.5M | |
Accumulated Other Comprehensive Income | 1K | 46K | 66K | (104K) | (10K) | (10.5K) | |
Non Currrent Assets Other | 1.2M | 1.1M | 1.8M | 15.3M | (68.0M) | (64.6M) | |
Other Assets | 1.2M | 1.1M | 345.8M | 13.5M | 15.6M | 14.8M | |
Non Current Liabilities Other | 1.4M | 1.2M | 37.8M | 13.9M | 14.3M | 11.0M | |
Retained Earnings Total Equity | (232.5M) | (280.4M) | (351.0M) | (371.3M) | (334.1M) | (350.9M) | |
Net Invested Capital | 47.4M | 88.2M | 195.1M | 137.8M | 178.5M | 120.8M | |
Net Working Capital | 21.4M | 68.3M | 187.8M | 85.1M | (6.1M) | (5.8M) |
Currently Active Assets on Macroaxis
When determining whether Veritone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Veritone'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 Veritone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Veritone Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veritone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Veritone Stock please use our How to Invest in Veritone guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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When running Veritone's price analysis, check to measure Veritone'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 Veritone is operating at the current time. Most of Veritone's value examination focuses on studying past and present price action to predict the probability of Veritone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veritone's price. Additionally, you may evaluate how the addition of Veritone to your portfolios can decrease your overall portfolio volatility.
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Is Veritone'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 Veritone. If investors know Veritone 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 Veritone 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 1.52 | Earnings Share (1.58) | Revenue Per Share 3.475 | Quarterly Revenue Growth 0.045 | Return On Assets (0.13) |
The market value of Veritone is measured differently than its book value, which is the value of Veritone that is recorded on the company's balance sheet. Investors also form their own opinion of Veritone's value that differs from its market value or its book value, called intrinsic value, which is Veritone'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 Veritone's market value can be influenced by many factors that don't directly affect Veritone'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 Veritone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Veritone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veritone'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.