Shopify Short Term Investments vs Property Plant And Equipment Net Analysis

SHOP Stock  USD 59.15  0.61  1.04%   
Shopify financial indicator trend analysis is much more than just breaking down Shopify prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shopify is a good investment. Please check the relationship between Shopify Short Term Investments and its Property Plant And Equipment Net accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. 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.
To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.

Short Term Investments vs Property Plant And Equipment Net

Short Term Investments vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shopify Short Term Investments account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Shopify's Short Term Investments and Property Plant And Equipment Net is 0.81. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Shopify, assuming nothing else is changed. The correlation between historical values of Shopify's Short Term Investments and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Shopify are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Short Term Investments i.e., Shopify's Short Term Investments and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Short Term Investments

Short Term Investments is an item under the current assets section of Shopify balance sheet. It contains any investments Shopify undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Shopify can easily liquidate in the marketplace.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Shopify's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shopify 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 Shopify. 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.
To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.At this time, Shopify's Selling General Administrative is relatively stable compared to the past year. As of 05/31/2024, Tax Provision is likely to grow to about 55.6 M, though Enterprise Value Multiple is likely to grow to (1.1 K).
 2021 2022 2023 2024 (projected)
Gross Profit2.5B2.8B3.5B3.7B
Total Revenue4.6B5.6B7.1B7.4B

Shopify fundamental ratios Correlations

0.670.650.390.660.670.570.670.60.62-0.450.150.670.630.60.680.620.470.690.690.640.370.530.560.650.66
0.670.980.590.971.00.930.980.790.95-0.550.330.920.850.950.910.940.630.970.920.980.640.720.790.980.86
0.650.980.540.970.970.910.930.810.96-0.510.220.930.850.940.880.930.730.950.871.00.690.750.750.990.88
0.390.590.540.710.590.650.510.180.710.01-0.240.330.230.670.320.80.130.660.360.530.78-0.040.740.590.36
0.660.970.970.710.960.940.910.780.99-0.390.120.880.740.970.810.980.690.970.830.970.790.660.770.990.87
0.671.00.970.590.960.930.990.780.94-0.570.360.910.860.940.920.930.60.970.930.970.620.710.80.980.85
0.570.930.910.650.940.930.890.660.96-0.250.320.810.630.990.730.930.590.850.770.930.750.580.650.940.76
0.670.980.930.510.910.990.890.760.88-0.660.470.90.90.90.950.860.540.940.960.940.510.720.80.940.82
0.60.790.810.180.780.780.660.760.74-0.490.20.930.760.720.810.660.890.780.810.820.430.960.390.810.96
0.620.950.960.710.990.940.960.880.74-0.290.10.860.680.980.760.990.70.930.780.960.840.620.720.980.84
-0.45-0.55-0.510.01-0.39-0.57-0.25-0.66-0.49-0.29-0.52-0.57-0.88-0.28-0.81-0.3-0.16-0.59-0.75-0.490.17-0.57-0.63-0.45-0.45
0.150.330.22-0.240.120.360.320.470.20.1-0.520.310.450.250.470.05-0.10.160.470.27-0.350.350.130.220.14
0.670.920.930.330.880.910.810.90.930.86-0.570.310.880.850.930.80.810.890.940.930.520.90.590.920.97
0.630.850.850.230.740.860.630.90.760.68-0.880.450.880.670.980.660.530.850.950.830.250.790.740.810.78
0.60.950.940.670.970.940.990.90.720.98-0.280.250.850.670.760.960.650.890.790.960.770.620.670.970.81
0.680.910.880.320.810.920.730.950.810.76-0.810.470.930.980.760.730.570.90.990.870.340.810.750.860.84
0.620.940.930.80.980.930.930.860.660.99-0.30.050.80.660.960.730.60.940.760.930.850.520.790.960.78
0.470.630.730.130.690.60.590.540.890.7-0.16-0.10.810.530.650.570.60.610.580.730.580.850.170.720.87
0.690.970.950.660.970.970.850.940.780.93-0.590.160.890.850.890.90.940.610.90.940.670.670.870.950.85
0.690.920.870.360.830.930.770.960.810.78-0.750.470.940.950.790.990.760.580.90.880.380.80.730.870.86
0.640.981.00.530.970.970.930.940.820.96-0.490.270.930.830.960.870.930.730.940.880.680.760.721.00.88
0.370.640.690.780.790.620.750.510.430.840.17-0.350.520.250.770.340.850.580.670.380.680.250.520.730.57
0.530.720.75-0.040.660.710.580.720.960.62-0.570.350.90.790.620.810.520.850.670.80.760.250.290.730.89
0.560.790.750.740.770.80.650.80.390.72-0.630.130.590.740.670.750.790.170.870.730.720.520.290.740.51
0.650.980.990.590.990.980.940.940.810.98-0.450.220.920.810.970.860.960.720.950.871.00.730.730.740.88
0.660.860.880.360.870.850.760.820.960.84-0.450.140.970.780.810.840.780.870.850.860.880.570.890.510.88
Click cells to compare fundamentals

Shopify Account Relationship Matchups

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When determining whether Shopify is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Shopify Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Shopify Stock. Highlighted below are key reports to facilitate an investment decision about Shopify Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. 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.
To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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When running Shopify's price analysis, check to measure Shopify'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 Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.
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Is Shopify'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 Shopify. If investors know Shopify 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 Shopify 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
4.858
Earnings Share
(0.16)
Revenue Per Share
5.773
Quarterly Revenue Growth
0.234
Return On Assets
0.031
The market value of Shopify is measured differently than its book value, which is the value of Shopify that is recorded on the company's balance sheet. Investors also form their own opinion of Shopify's value that differs from its market value or its book value, called intrinsic value, which is Shopify'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 Shopify's market value can be influenced by many factors that don't directly affect Shopify'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 Shopify's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shopify is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shopify'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.