Zscaler Net Invested Capital vs Net Tangible Assets Analysis
| ZS Stock | USD 181.13 4.31 2.44% |
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 Net Invested Capital and its Net Tangible Assets 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.
Net Invested Capital vs Net Tangible Assets
Net Invested Capital vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zscaler Net Invested Capital account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Zscaler's Net Invested Capital and Net Tangible Assets is 0.97. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Zscaler, assuming nothing else is changed. The correlation between historical values of Zscaler's Net Invested Capital and Net Tangible 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 Net Invested Capital of Zscaler are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Invested Capital i.e., Zscaler's Net Invested Capital and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.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 |
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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 (0.95) | 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.