Asana Net Receivables vs Cash And Short Term Investments Analysis

ASAN Stock

USD 14.72 0.79 5.67%

Asana financial indicator trend analysis is way more than just evaluating Asana Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Asana Inc is a good investment. Please check the relationship between Asana Net Receivables and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asana Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Receivables vs Cash And Short Term Investments

Net Receivables vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asana Inc Net Receivables account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Asana's Net Receivables and Cash And Short Term Investments is 0.91. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Asana Inc, assuming nothing else is changed. The correlation between historical values of Asana's Net Receivables and Cash And Short Term Investments 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 Asana Inc are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Receivables i.e., Asana's Net Receivables and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Asana Inc balance sheet. This account contains Asana investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Asana Inc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Asana's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Asana Inc 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 Asana Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

At this time, Asana's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value is likely to grow to about 5.3 B, while Tax Provision is likely to drop about 2.5 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	25.1M	12.7M	14.3M	14.6M
Interest Income	506K	6.9M	21.1M	22.2M

Depreciation And Amortization Interest Income

Asana 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	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab
Total Assets		0.98	0.97	0.93	0.89	0.92	0.97	0.96	0.11	-0.91	0.84	0.9	0.97	0.89	0.91	0.98	0.95	0.96	0.91	0.5	0.34	-0.85	0.97	0.9	0.92	0.94
Other Current Liab	0.98		0.93	0.91	0.84	0.88	0.98	0.91	0.14	-0.86	0.89	0.92	0.98	0.86	0.85	0.95	0.92	0.95	0.84	0.4	0.38	-0.87	0.95	0.86	0.92	0.91
Total Current Liabilities	0.97	0.93		0.97	0.93	0.96	0.94	1.0	-0.02	-0.95	0.75	0.84	0.94	0.97	0.98	0.93	1.0	0.95	0.97	0.51	0.11	-0.85	0.99	0.94	0.81	0.96
Total Stockholder Equity	0.93	0.91	0.97		0.97	1.0	0.91	0.96	-0.05	-0.98	0.74	0.82	0.91	0.96	0.93	0.89	0.97	0.91	0.96	0.58	0.02	-0.88	0.96	0.99	0.76	0.99
Other Liab	0.89	0.84	0.93	0.97		0.98	0.83	0.93	-0.07	-0.99	0.64	0.79	0.83	0.9	0.89	0.89	0.92	0.84	0.97	0.68	0.03	-0.78	0.89	0.98	0.76	0.96
Net Tangible Assets	0.92	0.88	0.96	1.0	0.98		0.89	0.95	-0.02	-0.99	0.71	0.79	0.89	0.94	0.92	0.88	0.95	0.9	0.97	0.64	0.01	-0.87	0.94	1.0	0.76	0.99
Property Plant And Equipment Net	0.97	0.98	0.94	0.91	0.83	0.89		0.93	0.24	-0.87	0.87	0.81	1.0	0.89	0.86	0.9	0.93	0.99	0.85	0.48	0.3	-0.93	0.97	0.88	0.88	0.93
Current Deferred Revenue	0.96	0.91	1.0	0.96	0.93	0.95	0.93		-0.04	-0.95	0.71	0.81	0.92	0.98	0.98	0.92	1.0	0.94	0.98	0.53	0.08	-0.84	0.98	0.94	0.78	0.95
Net Debt	0.11	0.14	-0.02	-0.05	-0.07	-0.02	0.24	-0.04		0.01	0.31	-0.14	0.24	-0.15	-0.17	0.05	-0.06	0.26	-0.07	0.45	0.59	-0.29	0.06	0.0	0.35	0.05
Retained Earnings	-0.91	-0.86	-0.95	-0.98	-0.99	-0.99	-0.87	-0.95	0.01		-0.67	-0.77	-0.87	-0.93	-0.92	-0.89	-0.95	-0.88	-0.98	-0.69	-0.03	0.84	-0.93	-0.99	-0.77	-0.97
Accounts Payable	0.84	0.89	0.75	0.74	0.64	0.71	0.87	0.71	0.31	-0.67		0.79	0.87	0.65	0.66	0.8	0.71	0.81	0.62	0.35	0.49	-0.72	0.78	0.66	0.86	0.81
Cash	0.9	0.92	0.84	0.82	0.79	0.79	0.81	0.81	-0.14	-0.77	0.79		0.82	0.75	0.78	0.94	0.81	0.76	0.76	0.21	0.4	-0.64	0.81	0.75	0.86	0.8
Non Current Assets Total	0.97	0.98	0.94	0.91	0.83	0.89	1.0	0.92	0.24	-0.87	0.87	0.82		0.88	0.86	0.9	0.93	0.99	0.85	0.48	0.31	-0.93	0.97	0.87	0.88	0.93
Non Currrent Assets Other	0.89	0.86	0.97	0.96	0.9	0.94	0.89	0.98	-0.15	-0.93	0.65	0.75	0.88		0.98	0.83	0.99	0.9	0.95	0.46	-0.11	-0.84	0.97	0.93	0.66	0.93
Other Assets	0.91	0.85	0.98	0.93	0.89	0.92	0.86	0.98	-0.17	-0.92	0.66	0.78	0.86	0.98		0.88	0.98	0.88	0.96	0.45	-0.02	-0.76	0.95	0.9	0.7	0.91
Cash And Short Term Investments	0.98	0.95	0.93	0.89	0.89	0.88	0.9	0.92	0.05	-0.89	0.8	0.94	0.9	0.83	0.88		0.91	0.89	0.9	0.48	0.41	-0.74	0.91	0.85	0.94	0.89
Net Receivables	0.95	0.92	1.0	0.97	0.92	0.95	0.93	1.0	-0.06	-0.95	0.71	0.81	0.93	0.99	0.98	0.91		0.94	0.97	0.49	0.05	-0.86	0.99	0.94	0.77	0.95
Common Stock Total Equity	0.96	0.95	0.95	0.91	0.84	0.9	0.99	0.94	0.26	-0.88	0.81	0.76	0.99	0.9	0.88	0.89	0.94		0.88	0.55	0.26	-0.94	0.98	0.89	0.85	0.92
Common Stock Shares Outstanding	0.91	0.84	0.97	0.96	0.97	0.97	0.85	0.98	-0.07	-0.98	0.62	0.76	0.85	0.95	0.96	0.9	0.97	0.88		0.65	0.01	-0.79	0.93	0.96	0.74	0.94
Short Term Investments	0.5	0.4	0.51	0.58	0.68	0.64	0.48	0.53	0.45	-0.69	0.35	0.21	0.48	0.46	0.45	0.48	0.49	0.55	0.65		0.07	-0.54	0.5	0.68	0.51	0.63
Non Current Liabilities Total	0.34	0.38	0.11	0.02	0.03	0.01	0.3	0.08	0.59	-0.03	0.49	0.4	0.31	-0.11	-0.02	0.41	0.05	0.26	0.01	0.07		-0.11	0.13	-0.02	0.66	0.09
Inventory	-0.85	-0.87	-0.85	-0.88	-0.78	-0.87	-0.93	-0.84	-0.29	0.84	-0.72	-0.64	-0.93	-0.84	-0.76	-0.74	-0.86	-0.94	-0.79	-0.54	-0.11		-0.91	-0.88	-0.72	-0.87
Other Current Assets	0.97	0.95	0.99	0.96	0.89	0.94	0.97	0.98	0.06	-0.93	0.78	0.81	0.97	0.97	0.95	0.91	0.99	0.98	0.93	0.5	0.13	-0.91		0.93	0.81	0.95
Other Stockholder Equity	0.9	0.86	0.94	0.99	0.98	1.0	0.88	0.94	0.0	-0.99	0.66	0.75	0.87	0.93	0.9	0.85	0.94	0.89	0.96	0.68	-0.02	-0.88	0.93		0.73	0.97
Total Liab	0.92	0.92	0.81	0.76	0.76	0.76	0.88	0.78	0.35	-0.77	0.86	0.86	0.88	0.66	0.7	0.94	0.77	0.85	0.74	0.51	0.66	-0.72	0.81	0.73		0.8
Deferred Long Term Liab	0.94	0.91	0.96	0.99	0.96	0.99	0.93	0.95	0.05	-0.97	0.81	0.8	0.93	0.93	0.91	0.89	0.95	0.92	0.94	0.63	0.09	-0.87	0.95	0.97	0.8

Click cells to compare fundamentals

Asana Account Relationship Matchups

Asana fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	421.7M	731.1M	707.0M	955.0M	962.0M	713.3M
Other Current Liab	18.2M	38.7M	37.2M	47.2M	36.4M	33.6M
Total Current Liabilities	100.1M	163.5M	255.2M	332.3M	367.2M	231.3M
Total Stockholder Equity	(145.3M)	(12.8M)	203.8M	356.6M	326.4M	342.7M
Other Liab	2.7M	3.0M	5.0M	9.4M	10.8M	11.3M
Net Tangible Assets	(145.3M)	(12.8M)	203.8M	356.6M	410.1M	430.6M
Property Plant And Equipment Net	30.9M	257.4M	273.7M	271.2M	278.3M	204.5M
Current Deferred Revenue	62.7M	103.9M	170.1M	226.4M	265.3M	157.7M
Net Debt	(80.8M)	326.0M	15.2M	(255.0M)	41.2M	43.3M
Retained Earnings	(329.7M)	(541.4M)	(829.8M)	(1.2B)	(1.5B)	(1.4B)
Accounts Payable	7.5M	9.6M	11.6M	7.6M	6.9M	8.6M
Cash	306.0M	259.9M	240.4M	526.6M	236.7M	292.1M
Non Current Assets Total	41.1M	285.4M	295.6M	294.6M	302.2M	225.4M
Non Currrent Assets Other	5.5M	8.9M	19.2M	23.4M	24.0M	16.0M
Other Assets	10.1M	8.9M	19.2M	23.4M	26.9M	15.0M
Cash And Short Term Investments	351.3M	386.3M	312.0M	529.3M	519.5M	400.8M
Net Receivables	12.7M	32.2M	59.1M	82.4M	88.3M	51.4M
Common Stock Shares Outstanding	158.7M	161.5M	176.4M	200.0M	220.4M	195.5M
Short Term Investments	45.3M	126.4M	71.6M	2.7M	282.8M	296.9M
Liabilities And Stockholders Equity	421.7M	731.1M	707.0M	955.0M	962.0M	713.3M
Non Current Liabilities Total	466.9M	580.4M	248.0M	266.1M	268.4M	277.5M
Capital Lease Obligations	22.1M	205.2M	221.0M	224.8M	234.3M	166.4M
Other Current Assets	3.5M	27.3M	40.3M	48.7M	51.9M	31.7M
Other Stockholder Equity	(66.1M)	528.6M	1.0B	1.6B	1.8B	1.9B
Total Liab	567.0M	743.9M	503.2M	598.4M	635.6M	612.9M
Net Invested Capital	57.8M	367.9M	238.5M	403.3M	370.0M	230.3M
Property Plant And Equipment Gross	30.9M	257.4M	273.7M	271.2M	320.8M	212.3M
Total Current Assets	380.6M	445.8M	411.4M	660.4M	659.7M	487.9M
Accumulated Other Comprehensive Income	(102K)	39K	(626K)	(873K)	(236K)	(247.8K)
Non Current Liabilities Other	2.7M	3.0M	5.0M	2.2M	3.7M	3.2M
Net Working Capital	280.5M	282.3M	156.2M	328.1M	292.5M	256.5M
Short Term Debt	11.6M	8.4M	25.1M	29.7M	38.4M	21.2M
Property Plant Equipment	30.9M	257.4M	273.7M	95.0M	109.2M	145.4M

Pair Trading with Asana

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

Moving together with Asana Stock

0.67

DJCO

Daily Journal Corp

Pair Corr

Moving against Asana Stock

0.41	U	Unity Software Aggressive Push	Pair Corr
0.39	QH	Quhuo	Pair Corr

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

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

When determining whether Asana Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Asana's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Asana Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Asana Inc Stock:

How To Invest In Asana

Details

Is Asana Stock a good investment?

Details

What is Asana's Net Worth?

Details

Largest Systems Software Companies

View

Largest Software - Application Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asana Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Is Systems Software space 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 Asana. If investors know Asana 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 Asana listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(1.15)

Revenue Per Share

3.053

Quarterly Revenue Growth

0.103

Return On Assets

(0.18)

Return On Equity

(0.83)

The market value of Asana Inc is measured differently than its book value, which is the value of Asana that is recorded on the company's balance sheet. Investors also form their own opinion of Asana's value that differs from its market value or its book value, called intrinsic value, which is Asana'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 Asana's market value can be influenced by many factors that don't directly affect Asana'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 Asana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asana'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.

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Asana Net Receivables vs Cash And Short Term Investments Analysis

Net Receivables vs Cash And Short Term Investments

Net Receivables vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Receivables

Cash And Short Term Investments

Asana fundamental ratios Correlations

Asana Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Asana fundamental ratios Accounts

Pair Trading with Asana

Moving together with Asana Stock

Moving against Asana Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Current Deferred Revenue	+ 1.0	Total Current Liabilities
Net Receivables	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Other Stockholder Equity	+ 1.0	Net Tangible Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Receivables	+ 1.0	Current Deferred Revenue

Other Stockholder Equity	- 0.99	Retained Earnings
Retained Earnings	- 0.99	Net Tangible Assets
Retained Earnings	- 0.99	Other Liab
Common Stock Shares Outstanding	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Total Stockholder Equity
Deferred Long Term Liab	- 0.97	Retained Earnings