Fortinet Stock Based Compensation vs Change To Account Receivables Analysis

FTNT Stock

USD 100.93 1.60 1.61%

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 Stock Based Compensation and its Change To Account Receivables 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.

Stock Based Compensation vs Change To Account Receivables

Stock Based Compensation vs Change To Account Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortinet Stock Based Compensation account and Change To Account Receivables. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Fortinet's Stock Based Compensation and Change To Account Receivables is -0.57. Overlapping area represents the amount of variation of Stock Based Compensation that can explain the historical movement of Change To Account Receivables in the same time period over historical financial statements of Fortinet, assuming nothing else is changed. The correlation between historical values of Fortinet's Stock Based Compensation and Change To Account Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Stock Based Compensation of Fortinet are associated (or correlated) with its Change To Account Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Account Receivables has no effect on the direction of Stock Based Compensation i.e., Fortinet's Stock Based Compensation and Change To Account Receivables go up and down completely randomly.

Correlation Coefficient

-0.57

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

Change To Account Receivables

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 Issuance Of Capital Stock is likely to drop slightly above 33.4 M in 2025.

	2022	2023	2024	2025 (projected)
Interest Expense	18M	21M	24.2M	13.6M
Depreciation And Amortization	104.3M	379.7M	436.7M	458.5M

Interest Expense Depreciation And Amortization

Fortinet fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	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	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Common Stock Shares Outstanding		0.24	0.17	0.19	0.32	0.16	0.15	0.19	-0.44	0.04	0.19	0.31	0.18	0.07	0.01	0.34	0.18	0.14	0.35	0.12	0.18	0.27	0.46	0.15	0.15	0.28
Total Assets	0.24		0.98	0.99	-0.58	0.99	0.99	0.99	-0.12	-0.89	0.97	0.93	0.99	0.97	0.27	0.97	0.99	0.9	0.91	0.98	0.94	0.96	0.95	0.99	0.97	1.0
Other Current Liab	0.17	0.98		1.0	-0.7	0.98	1.0	1.0	0.01	-0.94	0.96	0.88	0.99	0.95	0.15	0.91	0.99	0.94	0.86	1.0	0.97	0.94	0.89	1.0	0.99	0.97
Total Current Liabilities	0.19	0.99	1.0		-0.67	0.99	1.0	1.0	-0.06	-0.93	0.97	0.9	0.99	0.95	0.18	0.93	1.0	0.94	0.87	0.99	0.97	0.96	0.92	1.0	0.99	0.98
Total Stockholder Equity	0.32	-0.58	-0.7	-0.67		-0.63	-0.7	-0.66	-0.53	0.85	-0.61	-0.36	-0.64	-0.58	0.23	-0.36	-0.68	-0.81	-0.32	-0.71	-0.74	-0.58	-0.33	-0.69	-0.73	-0.53
Other Liab	0.16	0.99	0.98	0.99	-0.63		0.99	0.99	-0.11	-0.92	0.99	0.93	0.99	0.98	0.31	0.95	0.99	0.91	0.87	0.99	0.93	0.95	0.92	0.99	0.97	0.99
Property Plant And Equipment Net	0.15	0.99	1.0	1.0	-0.7	0.99		1.0	-0.02	-0.95	0.97	0.89	0.99	0.95	0.17	0.92	1.0	0.94	0.86	1.0	0.97	0.95	0.9	1.0	0.99	0.98
Current Deferred Revenue	0.19	0.99	1.0	1.0	-0.66	0.99	1.0		-0.07	-0.93	0.97	0.91	0.99	0.95	0.19	0.93	1.0	0.94	0.87	0.99	0.97	0.96	0.92	1.0	0.99	0.98
Net Debt	-0.44	-0.12	0.01	-0.06	-0.53	-0.11	-0.02	-0.07		-0.11	-0.16	-0.44	-0.01	-0.08	-0.49	-0.33	-0.07	0.09	-0.12	0.04	0.08	-0.13	-0.4	-0.01	0.04	-0.2
Retained Earnings	0.04	-0.89	-0.94	-0.93	0.85	-0.92	-0.95	-0.93	-0.11		-0.92	-0.78	-0.91	-0.88	-0.11	-0.77	-0.94	-0.95	-0.67	-0.95	-0.92	-0.87	-0.75	-0.94	-0.94	-0.87
Accounts Payable	0.19	0.97	0.96	0.97	-0.61	0.99	0.97	0.97	-0.16	-0.92		0.94	0.97	0.96	0.36	0.93	0.98	0.91	0.82	0.96	0.9	0.94	0.92	0.97	0.94	0.97
Cash	0.31	0.93	0.88	0.9	-0.36	0.93	0.89	0.91	-0.44	-0.78	0.94		0.89	0.91	0.48	0.97	0.91	0.77	0.82	0.88	0.79	0.87	0.97	0.89	0.85	0.95
Non Current Assets Total	0.18	0.99	0.99	0.99	-0.64	0.99	0.99	0.99	-0.01	-0.91	0.97	0.89		0.97	0.24	0.93	0.99	0.91	0.89	0.99	0.95	0.94	0.9	0.99	0.98	0.98
Non Currrent Assets Other	0.07	0.97	0.95	0.95	-0.58	0.98	0.95	0.95	-0.08	-0.88	0.96	0.91	0.97		0.42	0.93	0.95	0.85	0.87	0.96	0.86	0.9	0.88	0.96	0.92	0.96
Other Assets	0.01	0.27	0.15	0.18	0.23	0.31	0.17	0.19	-0.49	-0.11	0.36	0.48	0.24	0.42		0.39	0.2	0.03	0.22	0.2	-0.06	0.17	0.34	0.19	0.06	0.28
Cash And Short Term Investments	0.34	0.97	0.91	0.93	-0.36	0.95	0.92	0.93	-0.33	-0.77	0.93	0.97	0.93	0.93	0.39		0.92	0.77	0.93	0.91	0.84	0.91	0.98	0.92	0.89	0.98
Net Receivables	0.18	0.99	0.99	1.0	-0.68	0.99	1.0	1.0	-0.07	-0.94	0.98	0.91	0.99	0.95	0.2	0.92		0.95	0.84	0.99	0.96	0.96	0.91	1.0	0.99	0.98
Common Stock Total Equity	0.14	0.9	0.94	0.94	-0.81	0.91	0.94	0.94	0.09	-0.95	0.91	0.77	0.91	0.85	0.03	0.77	0.95		0.68	0.94	0.95	0.87	0.78	0.94	0.95	0.88
Short Term Investments	0.35	0.91	0.86	0.87	-0.32	0.87	0.86	0.87	-0.12	-0.67	0.82	0.82	0.89	0.87	0.22	0.93	0.84	0.68		0.86	0.81	0.88	0.9	0.86	0.85	0.91
Non Current Liabilities Total	0.12	0.98	1.0	0.99	-0.71	0.99	1.0	0.99	0.04	-0.95	0.96	0.88	0.99	0.96	0.2	0.91	0.99	0.94	0.86		0.96	0.94	0.88	1.0	0.99	0.97
Inventory	0.18	0.94	0.97	0.97	-0.74	0.93	0.97	0.97	0.08	-0.92	0.9	0.79	0.95	0.86	-0.06	0.84	0.96	0.95	0.81	0.96		0.93	0.84	0.97	0.99	0.92
Other Current Assets	0.27	0.96	0.94	0.96	-0.58	0.95	0.95	0.96	-0.13	-0.87	0.94	0.87	0.94	0.9	0.17	0.91	0.96	0.87	0.88	0.94	0.93		0.92	0.95	0.95	0.96
Other Stockholder Equity	0.46	0.95	0.89	0.92	-0.33	0.92	0.9	0.92	-0.4	-0.75	0.92	0.97	0.9	0.88	0.34	0.98	0.91	0.78	0.9	0.88	0.84	0.92		0.9	0.87	0.97
Total Liab	0.15	0.99	1.0	1.0	-0.69	0.99	1.0	1.0	-0.01	-0.94	0.97	0.89	0.99	0.96	0.19	0.92	1.0	0.94	0.86	1.0	0.97	0.95	0.9		0.99	0.98
Property Plant And Equipment Gross	0.15	0.97	0.99	0.99	-0.73	0.97	0.99	0.99	0.04	-0.94	0.94	0.85	0.98	0.92	0.06	0.89	0.99	0.95	0.85	0.99	0.99	0.95	0.87	0.99		0.96
Total Current Assets	0.28	1.0	0.97	0.98	-0.53	0.99	0.98	0.98	-0.2	-0.87	0.97	0.95	0.98	0.96	0.28	0.98	0.98	0.88	0.91	0.97	0.92	0.96	0.97	0.98	0.96

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Fortinet Account Relationship Matchups

Fortinet fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	838.5M	835.5M	805.3M	788.2M	906.4M	858.4M
Total Assets	4.0B	5.9B	6.2B	7.3B	8.3B	8.8B
Other Current Liab	204.8M	366M	452.5M	569M	654.4M	687.1M
Total Current Liabilities	1.8B	2.3B	3.1B	3.7B	4.3B	4.5B
Total Stockholder Equity	856M	781.7M	(281.6M)	(463.4M)	(532.9M)	(506.3M)
Other Liab	1.1B	1.4B	1.8B	2.4B	2.7B	2.9B
Property Plant And Equipment Net	448M	687.6M	898.5M	1.1B	1.3B	1.4B
Current Deferred Revenue	1.4B	1.8B	2.3B	2.8B	3.3B	3.4B
Net Debt	(1.0B)	(330.7M)	(692.5M)	(326.5M)	(293.9M)	(308.5M)
Retained Earnings	(352.1M)	(467.9M)	(1.5B)	(1.9B)	(1.7B)	(1.6B)
Accounts Payable	141.6M	148.4M	243.4M	204.3M	234.9M	246.7M
Cash	1.1B	1.3B	1.7B	1.4B	1.6B	1.7B
Non Current Assets Total	1.3B	2.3B	2.4B	2.8B	3.3B	3.4B
Non Currrent Assets Other	368M	659.1M	720.2M	637.4M	733.0M	769.7M
Other Assets	732M	1.0B	1.2B	1.0	1.15	1.09
Cash And Short Term Investments	1.8B	2.6B	2.2B	2.4B	2.8B	2.9B
Net Receivables	720M	807.7M	1.3B	1.4B	1.6B	1.7B
Short Term Investments	775.5M	1.2B	528.1M	1.0B	1.2B	1.3B
Liabilities And Stockholders Equity	4.0B	5.9B	6.2B	7.3B	8.3B	8.8B
Non Current Liabilities Total	1.4B	2.8B	3.4B	4.0B	4.6B	4.8B
Inventory	139.8M	175.8M	264.6M	484.8M	557.5M	585.4M
Other Current Assets	86.6M	65.4M	73.1M	101.1M	116.3M	122.1M
Other Stockholder Equity	1.2B	1.3B	1.3B	1.4B	1.6B	1.7B
Total Liab	3.2B	5.1B	6.5B	7.7B	8.9B	9.3B
Property Plant And Equipment Gross	448M	687.6M	898.5M	1.4B	1.6B	1.7B
Total Current Assets	2.7B	3.6B	3.8B	4.4B	5.1B	5.3B
Accumulated Other Comprehensive Income	700K	(4.8M)	(20.2M)	(18.9M)	(17.0M)	(16.2M)
Short Term Debt	19.1M	26.3M	33.2M	33.4M	38.4M	20.5M
Property Plant Equipment	344.3M	448M	687.6M	898.5M	1.0B	1.1B
Intangible Assets	31.6M	63.6M	56M	35.3M	40.6M	24.6M
Net Tangible Assets	1.2B	731.4M	593M	(281.6M)	(253.4M)	(240.8M)
Retained Earnings Total Equity	140.3M	(352.1M)	(467.9M)	(1.5B)	(1.4B)	(1.3B)
Capital Surpluse	1.2B	1.2B	1.3B	1.3B	1.5B	973.4M
Deferred Long Term Liab	962.3M	1.2B	423.3M	2.3B	2.6B	2.8B
Long Term Investments	67M	144.3M	118.3M	440.8M	45.5M	0.0
Non Current Liabilities Other	146.5M	59.2M	82M	124.7M	143.4M	92.3M

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