DocuSign Net Receivables vs Non Currrent Assets Other Analysis

DOCU Stock

USD 53.54 0.34 0.64%

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

For more information on how to buy DocuSign Stock please use our How to Invest in DocuSign guide.

Net Receivables vs Non Currrent Assets Other

Net Receivables vs Non Currrent Assets Other Correlation Analysis

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

The correlation between DocuSign's Net Receivables and Non Currrent Assets Other is 0.8. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of DocuSign, assuming nothing else is changed. The correlation between historical values of DocuSign's Net Receivables 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 Net Receivables of DocuSign 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 Net Receivables i.e., DocuSign's Net Receivables and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Receivables

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 DocuSign's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DocuSign 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DocuSign. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy DocuSign Stock please use our How to Invest in DocuSign guide.At this time, DocuSign's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.19 in 2024, whereas Selling General Administrative is likely to drop slightly above 211.1 M in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	81.9M	86.3M	95.1M	64.6M
Interest Income	1.4M	4.5M	68.9M	72.3M

Depreciation And Amortization Interest Income

DocuSign fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	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	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		0.95	0.95	0.83	0.84	0.76	0.96	0.97	0.3	-0.95	0.66	0.92	1.0	0.72	0.9	0.98	0.98	0.99	0.93	0.94	-0.09	0.94	-0.93	0.99	0.86	0.94
Other Current Liab	0.95		0.94	0.72	0.76	0.58	0.98	0.97	0.27	-0.9	0.67	0.86	0.97	0.76	0.9	0.9	0.97	0.95	0.84	0.99	-0.03	0.86	-0.82	0.97	0.88	0.95
Total Current Liabilities	0.95	0.94		0.74	0.78	0.64	0.92	0.97	0.23	-0.89	0.57	0.91	0.94	0.81	0.9	0.92	0.98	0.92	0.84	0.92	-0.23	0.86	-0.8	0.96	0.84	0.93
Total Stockholder Equity	0.83	0.72	0.74		0.75	0.88	0.76	0.79	-0.09	-0.92	0.44	0.8	0.81	0.72	0.87	0.86	0.77	0.78	0.88	0.74	-0.45	0.95	-0.84	0.77	0.87	0.64
Other Liab	0.84	0.76	0.78	0.75		0.57	0.77	0.83	0.18	-0.86	0.69	0.86	0.83	0.58	0.78	0.84	0.83	0.87	0.88	0.7	-0.13	0.8	-0.76	0.8	0.71	0.75
Net Tangible Assets	0.76	0.58	0.64	0.88	0.57		0.66	0.65	0.1	-0.77	0.29	0.69	0.74	0.49	0.68	0.84	0.65	0.7	0.77	0.62	-0.27	0.87	-0.87	0.71	0.65	0.58
Property Plant And Equipment Net	0.96	0.98	0.92	0.76	0.77	0.66		0.95	0.35	-0.93	0.7	0.82	0.98	0.68	0.88	0.91	0.95	0.95	0.89	0.97	-0.01	0.89	-0.87	0.96	0.9	0.93
Current Deferred Revenue	0.97	0.97	0.97	0.79	0.83	0.65	0.95		0.18	-0.93	0.62	0.93	0.97	0.82	0.93	0.94	0.99	0.95	0.89	0.95	-0.18	0.89	-0.83	0.98	0.88	0.92
Net Debt	0.3	0.27	0.23	-0.09	0.18	0.1	0.35	0.18		-0.15	0.59	0.03	0.34	-0.24	-0.03	0.25	0.29	0.36	0.31	0.23	0.64	0.11	-0.35	0.3	0.02	0.42
Retained Earnings	-0.95	-0.9	-0.89	-0.92	-0.86	-0.77	-0.93	-0.93	-0.15		-0.69	-0.87	-0.95	-0.79	-0.96	-0.93	-0.93	-0.93	-0.93	-0.9	0.23	-0.97	0.9	-0.92	-0.94	-0.87
Accounts Payable	0.66	0.67	0.57	0.44	0.69	0.29	0.7	0.62	0.59	-0.69		0.44	0.69	0.41	0.59	0.58	0.69	0.73	0.7	0.64	0.33	0.58	-0.65	0.66	0.59	0.72
Cash	0.92	0.86	0.91	0.8	0.86	0.69	0.82	0.93	0.03	-0.87	0.44		0.89	0.74	0.87	0.94	0.9	0.91	0.84	0.82	-0.26	0.87	-0.81	0.91	0.76	0.83
Non Current Assets Total	1.0	0.97	0.94	0.81	0.83	0.74	0.98	0.97	0.34	-0.95	0.69	0.89		0.7	0.89	0.97	0.97	0.99	0.93	0.95	-0.04	0.93	-0.93	0.99	0.87	0.95
Non Currrent Assets Other	0.72	0.76	0.81	0.72	0.58	0.49	0.68	0.82	-0.24	-0.79	0.41	0.74	0.7		0.91	0.69	0.8	0.67	0.6	0.79	-0.46	0.76	-0.57	0.76	0.83	0.71
Other Assets	0.9	0.9	0.9	0.87	0.78	0.68	0.88	0.93	-0.03	-0.96	0.59	0.87	0.89	0.91		0.87	0.91	0.88	0.81	0.92	-0.29	0.94	-0.82	0.91	0.95	0.86
Cash And Short Term Investments	0.98	0.9	0.92	0.86	0.84	0.84	0.91	0.94	0.25	-0.93	0.58	0.94	0.97	0.69	0.87		0.94	0.96	0.93	0.88	-0.14	0.95	-0.95	0.96	0.81	0.89
Net Receivables	0.98	0.97	0.98	0.77	0.83	0.65	0.95	0.99	0.29	-0.93	0.69	0.9	0.97	0.8	0.91	0.94		0.96	0.89	0.95	-0.13	0.89	-0.85	0.99	0.87	0.96
Good Will	0.99	0.95	0.92	0.78	0.87	0.7	0.95	0.95	0.36	-0.93	0.73	0.91	0.99	0.67	0.88	0.96	0.96		0.91	0.92	0.03	0.91	-0.93	0.98	0.82	0.96
Common Stock Total Equity	0.93	0.84	0.84	0.88	0.88	0.77	0.89	0.89	0.31	-0.93	0.7	0.84	0.93	0.6	0.81	0.93	0.89	0.91		0.8	-0.18	0.9	-0.89	0.88	0.82	0.79
Common Stock Shares Outstanding	0.94	0.99	0.92	0.74	0.7	0.62	0.97	0.95	0.23	-0.9	0.64	0.82	0.95	0.79	0.92	0.88	0.95	0.92	0.8		-0.03	0.88	-0.84	0.96	0.91	0.95
Non Current Liabilities Total	-0.09	-0.03	-0.23	-0.45	-0.13	-0.27	-0.01	-0.18	0.64	0.23	0.33	-0.26	-0.04	-0.46	-0.29	-0.14	-0.13	0.03	-0.18	-0.03		-0.22	-0.04	-0.06	-0.33	0.11
Capital Surpluse	0.94	0.86	0.86	0.95	0.8	0.87	0.89	0.89	0.11	-0.97	0.58	0.87	0.93	0.76	0.94	0.95	0.89	0.91	0.9	0.88	-0.22		-0.95	0.91	0.9	0.84
Inventory	-0.93	-0.82	-0.8	-0.84	-0.76	-0.87	-0.87	-0.83	-0.35	0.9	-0.65	-0.81	-0.93	-0.57	-0.82	-0.95	-0.85	-0.93	-0.89	-0.84	-0.04	-0.95		-0.9	-0.77	-0.86
Other Current Assets	0.99	0.97	0.96	0.77	0.8	0.71	0.96	0.98	0.3	-0.92	0.66	0.91	0.99	0.76	0.91	0.96	0.99	0.98	0.88	0.96	-0.06	0.91	-0.9		0.84	0.96
Other Stockholder Equity	0.86	0.88	0.84	0.87	0.71	0.65	0.9	0.88	0.02	-0.94	0.59	0.76	0.87	0.83	0.95	0.81	0.87	0.82	0.82	0.91	-0.33	0.9	-0.77	0.84		0.79
Total Liab	0.94	0.95	0.93	0.64	0.75	0.58	0.93	0.92	0.42	-0.87	0.72	0.83	0.95	0.71	0.86	0.89	0.96	0.96	0.79	0.95	0.11	0.84	-0.86	0.96	0.79

Click cells to compare fundamentals

DocuSign Account Relationship Matchups

DocuSign fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	2.3B	2.5B	3.0B	3.0B	2.0B
Other Current Liab	137.5M	222.7M	251.5M	264.1M	299.3M	149.8M
Total Current Liabilities	694.0M	1.1B	1.4B	2.2B	1.7B	1.0B
Total Stockholder Equity	546.3M	325.7M	275.5M	617.3M	1.1B	1.2B
Other Liab	23.1M	55.3M	49.3M	45.8M	52.6M	41.9M
Net Tangible Assets	294.9M	(146.2M)	(178.4M)	193.4M	222.4M	233.5M
Property Plant And Equipment Net	278.1M	324.4M	310.7M	341.4M	368.4M	227.6M
Current Deferred Revenue	507.6M	779.6M	1.0B	1.2B	1.3B	706.1M
Net Debt	407.3M	349.7M	373.2M	166.4M	(654.0M)	(621.3M)
Retained Earnings	(1.1B)	(1.4B)	(1.4B)	(1.6B)	(1.7B)	(1.8B)
Accounts Payable	28.1M	37.4M	52.8M	24.4M	19.0M	29.0M
Cash	241.2M	566.1M	509.1M	721.9M	797.1M	492.4M
Non Current Assets Total	947.2M	1.2B	1.2B	1.4B	1.4B	892.1M
Non Currrent Assets Other	24.7M	24.9M	362.2M	430.4M	458.3M	481.3M
Other Assets	162.5M	279.1M	362.2M	417.9M	480.6M	504.6M
Cash And Short Term Investments	656.1M	773.5M	802.8M	1.0B	1.0B	703.3M
Net Receivables	250.3M	340.5M	453.5M	529.4M	455.2M	309.8M
Good Will	194.9M	350.2M	355.1M	353.6M	353.1M	233.3M
Common Stock Total Equity	17K	18K	19K	20K	23K	15.7K
Common Stock Shares Outstanding	176.7M	185.8M	196.7M	200.9M	209.0M	185.0M
Liabilities And Stockholders Equity	1.9B	2.3B	2.5B	3.0B	3.0B	2.0B
Non Current Liabilities Total	650.8M	917.6M	894.1M	187.1M	180.9M	171.9M
Capital Surpluse	1.7B	1.7B	1.7B	2.2B	2.6B	2.7B
Inventory	16.6M	367K	280K	2.0	1.0	0.95
Other Current Assets	37.1M	48.4M	63.2M	70.0M	67.0M	41.9M
Other Stockholder Equity	1.7B	1.7B	1.7B	2.2B	2.8B	3.0B
Total Liab	1.3B	2.0B	2.3B	2.4B	1.8B	1.6B
Deferred Long Term Liab	153.3M	260.1M	311.8M	10.7M	12.3M	11.7M
Property Plant And Equipment Gross	278.1M	324.4M	310.7M	341.4M	612.6M	643.3M
Total Current Assets	943.9M	1.2B	1.3B	1.6B	1.6B	1.1B
Accumulated Other Comprehensive Income	(1.7M)	5.0M	(4.8M)	(23.0M)	(19.4M)	(18.4M)
Short Term Debt	20.7M	53.4M	37.4M	746.9M	22.2M	21.1M
Intangible Assets	56.5M	121.8M	98.8M	70.3M	50.9M	66.3M
Common Stock	17K	18K	19K	20K	21K	16.5K
Property Plant Equipment	278.1M	324.4M	310.7M	199.9M	229.9M	186.0M
Short Term Investments	414.9M	207.5M	293.8M	309.8M	248.4M	237.4M
Non Current Liabilities Other	6.7M	32.3M	23.3M	18.1M	21.3M	16.1M
Net Invested Capital	1.0B	1.0B	994.0M	1.3B	1.1B	1.1B
Net Working Capital	249.9M	69.2M	(52.0M)	(577.3M)	(93.0M)	(88.3M)
Short Long Term Debt Total	648.5M	915.8M	882.2M	888.3M	143.1M	135.9M

Pair Trading with DocuSign

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

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

The correlation of DocuSign 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 DocuSign moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DocuSign 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 DocuSign 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

Additional Tools for DocuSign Stock Analysis

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

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DocuSign Net Receivables vs Non Currrent Assets Other Analysis

Net Receivables vs Non Currrent Assets Other

Net Receivables vs Non Currrent Assets Other Correlation Analysis

Correlation Coefficient

Net Receivables

Non Currrent Assets Other

DocuSign fundamental ratios Correlations

DocuSign Account Relationship Matchups

High Positive Relationship

High Negative Relationship

DocuSign fundamental ratios Accounts

Pair Trading with DocuSign

Additional Tools for DocuSign Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Good Will	+ 0.99	Total Assets
Other Current Assets	+ 0.99	Total Assets
Common Stock Shares Outstanding	+ 0.99	Other Current Liab
Net Receivables	+ 0.99	Current Deferred Revenue
Good Will	+ 0.99	Non Current Assets Total

Capital Surpluse	- 0.97	Retained Earnings
Other Assets	- 0.96	Retained Earnings
Inventory	- 0.95	Capital Surpluse
Inventory	- 0.95	Cash And Short Term Investments
Non Current Assets Total	- 0.95	Retained Earnings
Retained Earnings	- 0.95	Total Assets