Fortinet Change In Working Capital vs Begin Period Cash Flow Analysis

FTNT Stock  USD 110.02  4.19  3.67%   
Fortinet financial indicator trend analysis is much more than just examining Fortinet latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortinet is a good investment. Please check the relationship between Fortinet Change In Working Capital and its Begin Period Cash Flow accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. 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.
For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.

Change In Working Capital vs Begin Period Cash Flow

JavaScript chart by amCharts 3.21.1520162018202020222024050M100M150M200M250M300M350M400M 100M200M300M400M500M600M700M800M900M1B1.1B1.2B1.3B1.4B1.5B1.6B1.7B
JavaScript chart by amCharts 3.21.15Change In Working Capitaltotal: 2.1BBegin Period Cash Flowtotal: 11.7B

Change In Working Capital vs Begin Period Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortinet Change In Working Capital account and Begin Period Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.
Change In Working CapitalBegin Period Cash FlowDiversified AwayChange In Working CapitalBegin Period Cash FlowDiversified Away100%
The correlation between Fortinet's Change In Working Capital and Begin Period Cash Flow is 0.47. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Begin Period Cash Flow in the same time period over historical financial statements of Fortinet, assuming nothing else is changed. The correlation between historical values of Fortinet's Change In Working Capital and Begin Period Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Fortinet are associated (or correlated) with its Begin Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Begin Period Cash Flow has no effect on the direction of Change In Working Capital i.e., Fortinet's Change In Working Capital and Begin Period Cash Flow go up and down completely randomly.

Correlation Coefficient

0.47
Relationship DirectionPositive 
Relationship StrengthWeak

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.
Most indicators from Fortinet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortinet 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 Fortinet. 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.
For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.At this time, Fortinet's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 69.8 M in 2025, whereas Enterprise Value Multiple is likely to drop 29.31 in 2025.
 2022 2023 2024 2025 (projected)
Gross Profit3.3B4.1B4.8B5.0B
Total Revenue4.4B5.3B6.0B6.3B

Fortinet fundamental ratios Correlations

-0.05-0.12-0.10.46-0.1-0.14-0.1-0.230.28-0.040.02-0.11-0.150.130.05-0.1-0.150.11-0.16-0.13-0.020.19-0.13-0.160.0
-0.050.830.990.310.980.990.99-0.73-0.460.910.970.990.930.190.980.980.910.90.980.890.960.760.980.981.0
-0.120.830.770.550.740.810.79-0.78-0.010.580.880.830.97-0.220.840.740.80.680.750.60.810.390.760.830.82
-0.10.990.770.170.991.01.0-0.67-0.580.950.940.990.890.210.951.00.930.860.990.940.960.771.00.990.98
0.460.310.550.170.160.190.2-0.720.670.020.450.250.45-0.120.460.130.070.420.1-0.060.30.210.130.190.34
-0.10.980.740.990.160.990.99-0.66-0.590.970.930.980.880.310.950.990.910.870.990.910.950.790.990.970.98
-0.140.990.811.00.190.991.0-0.67-0.540.920.940.990.920.160.950.990.940.860.990.920.960.731.01.00.98
-0.10.990.791.00.20.991.0-0.69-0.550.940.950.990.910.190.960.990.940.870.990.930.960.771.00.990.99
-0.23-0.73-0.78-0.67-0.72-0.66-0.67-0.69-0.06-0.58-0.87-0.67-0.77-0.06-0.82-0.66-0.6-0.63-0.59-0.47-0.74-0.62-0.63-0.66-0.77
0.28-0.46-0.01-0.580.67-0.59-0.54-0.55-0.06-0.71-0.31-0.48-0.2-0.39-0.32-0.62-0.56-0.31-0.62-0.73-0.45-0.52-0.6-0.52-0.44
-0.040.910.580.950.020.970.920.94-0.58-0.710.850.910.750.460.860.960.870.780.940.90.890.830.950.890.91
0.020.970.880.940.450.930.940.95-0.87-0.310.850.950.950.170.990.930.870.840.910.790.930.730.920.930.98
-0.110.990.830.990.250.980.990.99-0.67-0.480.910.950.940.170.960.970.920.890.980.890.950.720.990.980.98
-0.150.930.970.890.450.880.920.91-0.77-0.20.750.950.940.00.930.870.870.80.880.730.90.550.890.920.92
0.130.19-0.220.21-0.120.310.160.19-0.06-0.390.460.170.170.00.20.240.030.230.230.10.140.470.220.060.2
0.050.980.840.950.460.950.950.96-0.82-0.320.860.990.960.930.20.930.840.920.920.810.940.770.940.940.99
-0.10.980.741.00.130.990.990.99-0.66-0.620.960.930.970.870.240.930.940.840.990.940.950.780.990.980.97
-0.150.910.80.930.070.910.940.94-0.6-0.560.870.870.920.870.030.840.940.680.930.90.880.610.930.950.89
0.110.90.680.860.420.870.860.87-0.63-0.310.780.840.890.80.230.920.840.680.850.770.870.780.860.850.91
-0.160.980.750.990.10.990.990.99-0.59-0.620.940.910.980.880.230.920.990.930.850.930.930.741.00.980.96
-0.130.890.60.94-0.060.910.920.93-0.47-0.730.90.790.890.730.10.810.940.90.770.930.880.730.940.930.88
-0.020.960.810.960.30.950.960.96-0.74-0.450.890.930.950.90.140.940.950.880.870.930.880.750.950.950.96
0.190.760.390.770.210.790.730.77-0.62-0.520.830.730.720.550.470.770.780.610.780.740.730.750.760.70.79
-0.130.980.761.00.130.991.01.0-0.63-0.60.950.920.990.890.220.940.990.930.861.00.940.950.760.990.98
-0.160.980.830.990.190.971.00.99-0.66-0.520.890.930.980.920.060.940.980.950.850.980.930.950.70.990.97
0.01.00.820.980.340.980.980.99-0.77-0.440.910.980.980.920.20.990.970.890.910.960.880.960.790.980.97
Click cells to compare fundamentals

Fortinet Account Relationship Matchups

Fortinet fundamental ratios Accounts

202020212022202320242025 (projected)
Common Stock Shares Outstanding838.5M835.5M805.3M788.2M771.9M857.9M
Total Assets4.0B5.9B6.2B7.3B9.8B10.3B
Other Current Liab204.8M366M452.5M569M3.9B4.1B
Total Current Liabilities1.8B2.3B3.1B3.7B4.1B4.3B
Total Stockholder Equity856M781.7M(281.6M)(463.4M)1.5B1.6B
Other Liab1.1B1.4B1.8B2.4B2.7B2.9B
Property Plant And Equipment Net448M687.6M898.5M1.1B1.3B1.4B
Current Deferred Revenue1.4B1.8B2.3B2.8B3.3B3.4B
Net Debt(1.0B)(330.7M)(692.5M)(326.5M)(1.9B)(1.8B)
Retained Earnings(352.1M)(467.9M)(1.5B)(1.9B)(117.1M)(123.0M)
Accounts Payable141.6M148.4M243.4M204.3M190.9M200.4M
Cash1.1B1.3B1.7B1.4B2.9B3.0B
Non Current Assets Total1.3B2.3B2.4B2.8B3.8B4.0B
Non Currrent Assets Other368M659.1M720.2M637.4M2.1B2.2B
Other Assets732M1.0B1.2B1.01.151.09
Cash And Short Term Investments1.8B2.6B2.2B2.4B4.1B4.3B
Net Receivables720M807.7M1.3B1.4B1.5B1.5B
Short Term Investments775.5M1.2B528.1M1.0B1.2B1.3B
Liabilities And Stockholders Equity4.0B5.9B6.2B7.3B9.8B10.3B
Non Current Liabilities Total1.4B2.8B3.4B4.0B4.2B4.4B
Inventory139.8M175.8M264.6M484.8M315.5M331.3M
Other Current Assets86.6M65.4M73.1M101.1M126.1M132.4M
Other Stockholder Equity1.2B1.3B1.3B1.4B1.6B835.1M
Total Liab3.2B5.1B6.5B7.7B8.3B8.7B
Property Plant And Equipment Gross448M687.6M898.5M1.4B1.6B1.7B
Total Current Assets2.7B3.6B3.8B4.4B6.0B6.3B
Accumulated Other Comprehensive Income700K(4.8M)(20.2M)(18.9M)(26.1M)(24.8M)
Short Term Debt19.1M26.3M33.2M33.4M38.4M20.5M
Property Plant Equipment344.3M448M687.6M898.5M1.0B1.1B
Intangible Assets31.6M63.6M56M35.3M350.4M367.9M
Net Tangible Assets1.2B731.4M593M(281.6M)(253.4M)(240.8M)
Retained Earnings Total Equity140.3M(352.1M)(467.9M)(1.5B)(1.4B)(1.3B)
Capital Surpluse1.2B1.2B1.3B1.3B1.5B973.4M
Deferred Long Term Liab962.3M1.2B423.3M2.3B2.6B2.8B
Long Term Investments67M144.3M118.3M440.8M45.5M0.0
Non Current Liabilities Other146.5M59.2M82M124.7M143.4M92.3M

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Additional Tools for Fortinet Stock Analysis

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