0A1O Stock | | | 89.53 4.53 5.33% |
Zoom Video financial indicator trend analysis is more than just analyzing Zoom Video Communications current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zoom Video Communications is a good investment. Please check the relationship between Zoom Video Non Currrent Assets Other and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zoom Video Communications. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Non Currrent Assets Other vs Accounts Payable
Non Currrent Assets Other vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zoom Video Communications Non Currrent Assets Other account and
Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Zoom Video's Non Currrent Assets Other and Accounts Payable is 0.84. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Zoom Video Communications, assuming nothing else is changed. The correlation between historical values of Zoom Video's Non Currrent Assets Other and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Zoom Video Communications are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Currrent Assets Other i.e., Zoom Video's Non Currrent Assets Other and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.
Accounts Payable
An accounting item on the balance sheet that represents Zoom Video obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Zoom Video Communications are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Zoom Video's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoom Video Communications 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zoom Video Communications. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to drop to about 290.4
M in 2024
Zoom Video fundamental ratios Correlations
Click cells to compare fundamentals
Zoom Video Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zoom Video fundamental ratios Accounts
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Additional Tools for Zoom Stock Analysis
When running Zoom Video's price analysis, check to
measure Zoom Video'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 Zoom Video is operating at the current time. Most of Zoom Video's value examination focuses on studying past and present price action to
predict the probability of Zoom Video's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zoom Video's price. Additionally, you may evaluate how the addition of Zoom Video to your portfolios can decrease your overall portfolio volatility.