Zscaler Current Deferred Revenue vs Cash Analysis
| ZS Stock | USD 174.16 2.82 1.59% |
Zscaler financial indicator trend analysis is more than just analyzing Zscaler current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zscaler is a good investment. Please check the relationship between Zscaler Current Deferred Revenue and its Cash accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zscaler. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Zscaler Stock please use our How to Invest in Zscaler guide.
Current Deferred Revenue vs Cash
Current Deferred Revenue vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zscaler Current Deferred Revenue account and Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Zscaler's Current Deferred Revenue and Cash is 0.98. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Cash in the same time period over historical financial statements of Zscaler, assuming nothing else is changed. The correlation between historical values of Zscaler's Current Deferred Revenue and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Zscaler are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Current Deferred Revenue i.e., Zscaler's Current Deferred Revenue and Cash go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Cash
Cash refers to the most liquid asset of Zscaler, which is listed under current asset account on Zscaler balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Zscaler customers. The amounts must be unrestricted with restricted cash listed in a different Zscaler 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.Most indicators from Zscaler's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zscaler 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zscaler. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Zscaler Stock please use our How to Invest in Zscaler guide.At this time, Zscaler's Tax Provision is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 214.4 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (275.64) in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 4.6M | 60.5M | 69.5M | 73.0M | Tax Provision | 6.6M | 19.8M | 22.7M | 23.9M |
Zscaler fundamental ratios Correlations
Click cells to compare fundamentals
Zscaler Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zscaler fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.8B | 2.3B | 2.8B | 3.6B | 4.1B | 4.4B | |
| Other Current Liab | 65.8M | 116.5M | 158.4M | 201.8M | 232.0M | 243.6M | |
| Total Current Liabilities | 423.9M | 720.2M | 1.1B | 1.5B | 1.8B | 1.9B | |
| Total Stockholder Equity | 484.8M | 528.9M | 573.3M | 725.1M | 833.9M | 875.6M | |
| Other Liab | 35.1M | 63.8M | 105.3M | 169.7M | 195.1M | 204.9M | |
| Net Tangible Assets | 430.7M | 437.8M | 462.9M | 603.1M | 693.5M | 728.2M | |
| Retained Earnings | (339.6M) | (601.6M) | (991.9M) | (1.1B) | (981.3M) | (932.3M) | |
| Accounts Payable | 5.2M | 12.5M | 26.2M | 18.5M | 21.3M | 22.3M | |
| Cash | 141.9M | 275.9M | 1.0B | 1.3B | 1.5B | 1.5B | |
| Other Assets | 85.7M | 165.3M | 232.7M | 275.1M | 316.4M | 332.2M | |
| Cash And Short Term Investments | 1.4B | 1.5B | 1.7B | 2.1B | 2.4B | 2.5B | |
| Net Receivables | 147.6M | 257.1M | 399.7M | 582.6M | 670.0M | 703.5M | |
| Common Stock Shares Outstanding | 129.3M | 135.7M | 140.9M | 144.9M | 166.7M | 128.0M | |
| Capital Surpluse | 532.6M | 823.8M | 1.1B | 1.6B | 1.8B | 1.9B | |
| Other Current Assets | 31.4M | 31.3M | 39.4M | 91.6M | 105.4M | 110.6M | |
| Other Stockholder Equity | 823.8M | 1.1B | 1.6B | 1.8B | 2.1B | 2.2B | |
| Total Liab | 1.3B | 1.7B | 2.3B | 2.9B | 3.3B | 3.5B | |
| Deferred Long Term Liab | 77.7M | 149.7M | 210.8M | 259.4M | 298.3M | 313.2M | |
| Total Current Assets | 1.6B | 1.8B | 2.3B | 2.9B | 3.3B | 3.5B | |
| Common Stock | 133K | 139K | 143K | 147K | 169.1K | 105.1K | |
| Property Plant Equipment | 111.9M | 152.9M | 233.0M | 313.0M | 360.0M | 378.0M | |
| Property Plant And Equipment Net | 111.9M | 152.9M | 233.0M | 313.0M | 360.0M | 378.0M | |
| Current Deferred Revenue | 337.3M | 571.3M | 923.7M | 1.3B | 1.5B | 1.5B | |
| Net Debt | 763.4M | 688.7M | 32.5M | (51.7M) | (59.4M) | (56.4M) | |
| Non Current Assets Total | 251.7M | 409.3M | 576.0M | 718.0M | 825.7M | 867.0M | |
| Non Currrent Assets Other | 85.7M | 165.3M | 232.7M | 289.9M | 333.4M | 350.1M | |
| Common Stock Total Equity | 127K | 133K | 139K | 143K | 164.5K | 109.2K | |
| Liabilities And Stockholders Equity | 1.8B | 2.3B | 2.8B | 3.6B | 4.1B | 4.4B | |
| Non Current Liabilities Total | 924.7M | 1.0B | 1.1B | 1.3B | 1.5B | 1.6B | |
| Inventory | 32.2M | 57.4M | 86.2M | 115.8M | 133.2M | 139.9M | |
| Property Plant And Equipment Gross | 111.9M | 152.9M | 233.0M | 313.0M | 360.0M | 378.0M | |
| Accumulated Other Comprehensive Income | 463K | (650K) | (25.9M) | (1.6M) | (1.8M) | (1.9M) | |
| Non Current Liabilities Other | 2.6M | 4.5M | 7.9M | 12.7M | 14.6M | 15.4M | |
| Net Invested Capital | 1.3B | 1.4B | 1.5B | 1.9B | 2.1B | 2.2B | |
| Net Working Capital | 1.2B | 1.1B | 1.1B | 1.4B | 1.6B | 820.8M | |
| Good Will | 30.1M | 59.0M | 78.5M | 89.2M | 102.6M | 107.7M | |
| Retained Earnings Total Equity | (224.5M) | (339.6M) | (601.6M) | (991.9M) | (892.7M) | (848.1M) | |
| Short Term Investments | 1.2B | 1.2B | 718.1M | 838.0M | 963.7M | 817.8M |
Pair Trading with Zscaler
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 Zscaler 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 Zscaler will appreciate offsetting losses from the drop in the long position's value.Moving together with Zscaler Stock
| 0.9 | S | SentinelOne Earnings Call This Week | PairCorr |
| 0.88 | MQ | Marqeta | PairCorr |
Moving against Zscaler Stock
| 0.83 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.67 | GB | Global Blue Group | PairCorr |
| 0.44 | VERI | Veritone | PairCorr |
| 0.43 | BB | BlackBerry Financial Report 26th of June 2024 | PairCorr |
The ability to find closely correlated positions to Zscaler could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zscaler 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 Zscaler - 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 Zscaler to buy it.
The correlation of Zscaler 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 Zscaler moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zscaler 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 Zscaler 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.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zscaler. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Zscaler Stock please use our How to Invest in Zscaler guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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Is Zscaler'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 Zscaler. If investors know Zscaler 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 Zscaler listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.96) | Revenue Per Share 12.887 | Quarterly Revenue Growth 0.354 | Return On Assets (0.03) | Return On Equity (0.19) |
The market value of Zscaler is measured differently than its book value, which is the value of Zscaler that is recorded on the company's balance sheet. Investors also form their own opinion of Zscaler's value that differs from its market value or its book value, called intrinsic value, which is Zscaler'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 Zscaler's market value can be influenced by many factors that don't directly affect Zscaler'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 Zscaler's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zscaler is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zscaler'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.