Shopify Ebit vs Total Revenue Analysis

SHOP Stock

CAD 136.18 1.51 1.12%

Shopify financial indicator trend analysis is much more than just breaking down Shopify prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shopify is a good investment. Please check the relationship between Shopify Ebit and its Total Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. 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.

Ebit vs Total Revenue

Ebit vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shopify Ebit account and Total Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Shopify's Ebit and Total Revenue is -0.23. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Shopify, assuming nothing else is changed. The correlation between historical values of Shopify's Ebit and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Shopify are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Ebit i.e., Shopify's Ebit and Total Revenue go up and down completely randomly.

Correlation Coefficient

-0.23

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Ebit

Total Revenue

Total revenue comprises all receipts Shopify generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Shopify's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shopify 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. 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.

At this time, Shopify's Selling General Administrative is very stable compared to the past year. As of the 29th of April 2025, Tax Provision is likely to grow to about 219.4 M, while Sales General And Administrative To Revenue is likely to drop 0.04.

	2024	2025 (projected)
Interest Expense	1.3M	1.3M
Depreciation And Amortization	80.5M	84.5M

Interest Expense Depreciation And Amortization

Shopify fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	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	Cash And Short Term Investments	Net Receivables	Good Will	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
Common Stock Shares Outstanding		0.69	0.68	0.57	0.56	0.69	0.61	0.69	0.6	0.65	-0.41	0.31	0.68	0.65	0.61	0.7	0.63	0.49	0.72	0.72	0.62	0.37	0.69	0.6	0.69	0.69
Total Assets	0.69		0.98	0.6	0.9	1.0	0.95	0.96	0.7	0.97	-0.44	0.63	0.98	0.82	0.96	0.88	0.77	0.59	0.97	0.9	0.79	0.42	0.98	0.85	0.98	0.84
Short Long Term Debt Total	0.68	0.98		0.64	0.87	0.97	0.93	0.93	0.75	0.96	-0.42	0.53	0.98	0.83	0.94	0.87	0.81	0.7	0.96	0.88	0.85	0.52	0.97	0.8	1.0	0.87
Other Current Liab	0.57	0.6	0.64		0.23	0.59	0.51	0.73	0.87	0.49	-0.69	0.17	0.6	0.83	0.43	0.83	0.85	0.68	0.67	0.81	0.91	0.58	0.57	0.36	0.65	0.82
Total Current Liabilities	0.56	0.9	0.87	0.23		0.9	0.87	0.77	0.46	0.94	-0.14	0.59	0.89	0.54	0.95	0.63	0.5	0.45	0.86	0.66	0.48	0.25	0.92	0.84	0.87	0.66
Total Stockholder Equity	0.69	1.0	0.97	0.59	0.9		0.95	0.96	0.68	0.96	-0.44	0.65	0.97	0.81	0.96	0.88	0.75	0.57	0.97	0.9	0.77	0.39	0.97	0.86	0.98	0.83
Other Liab	0.61	0.95	0.93	0.51	0.87	0.95		0.89	0.64	0.96	-0.21	0.66	0.95	0.66	0.98	0.76	0.75	0.6	0.86	0.81	0.76	0.48	0.92	0.71	0.95	0.79
Net Tangible Assets	0.69	0.96	0.93	0.73	0.77	0.96	0.89		0.75	0.86	-0.63	0.69	0.9	0.91	0.86	0.95	0.78	0.55	0.95	0.96	0.84	0.34	0.89	0.8	0.93	0.83
Property Plant And Equipment Net	0.6	0.7	0.75	0.87	0.46	0.68	0.64	0.75		0.65	-0.49	0.22	0.73	0.76	0.6	0.77	0.76	0.89	0.75	0.78	0.85	0.56	0.71	0.36	0.76	0.93
Current Deferred Revenue	0.65	0.97	0.96	0.49	0.94	0.96	0.96	0.86	0.65		-0.21	0.51	0.99	0.67	0.99	0.76	0.76	0.65	0.93	0.8	0.74	0.54	0.98	0.8	0.97	0.83
Net Debt	-0.41	-0.44	-0.42	-0.69	-0.14	-0.44	-0.21	-0.63	-0.49	-0.21		-0.37	-0.3	-0.84	-0.18	-0.74	-0.39	-0.15	-0.54	-0.68	-0.54	0.08	-0.33	-0.5	-0.39	-0.41
Retained Earnings	0.31	0.63	0.53	0.17	0.59	0.65	0.66	0.69	0.22	0.51	-0.37		0.48	0.49	0.62	0.53	0.17	-0.01	0.51	0.55	0.32	-0.3	0.48	0.53	0.53	0.28
Accounts Payable	0.68	0.98	0.98	0.6	0.89	0.97	0.95	0.9	0.73	0.99	-0.3	0.48		0.75	0.97	0.83	0.83	0.69	0.95	0.86	0.82	0.58	0.99	0.8	0.99	0.88
Cash	0.65	0.82	0.83	0.83	0.54	0.81	0.66	0.91	0.76	0.67	-0.84	0.49	0.75		0.64	0.97	0.74	0.54	0.87	0.94	0.85	0.32	0.75	0.73	0.81	0.79
Non Current Assets Total	0.61	0.96	0.94	0.43	0.95	0.96	0.98	0.86	0.6	0.99	-0.18	0.62	0.97	0.64		0.73	0.71	0.58	0.89	0.77	0.69	0.45	0.96	0.78	0.96	0.78
Cash And Short Term Investments	0.7	0.88	0.87	0.83	0.63	0.88	0.76	0.95	0.77	0.76	-0.74	0.53	0.83	0.97	0.73		0.79	0.57	0.91	0.99	0.86	0.38	0.82	0.75	0.87	0.86
Net Receivables	0.63	0.77	0.81	0.85	0.5	0.75	0.75	0.78	0.76	0.76	-0.39	0.17	0.83	0.74	0.71	0.79		0.7	0.78	0.81	0.94	0.82	0.78	0.56	0.83	0.86
Good Will	0.49	0.59	0.7	0.68	0.45	0.57	0.6	0.55	0.89	0.65	-0.15	-0.01	0.69	0.54	0.58	0.57	0.7		0.62	0.58	0.77	0.75	0.66	0.21	0.7	0.86
Common Stock Total Equity	0.72	0.97	0.96	0.67	0.86	0.97	0.86	0.95	0.75	0.93	-0.54	0.51	0.95	0.87	0.89	0.91	0.78	0.62		0.92	0.79	0.43	0.97	0.88	0.96	0.87
Short Term Investments	0.72	0.9	0.88	0.81	0.66	0.9	0.81	0.96	0.78	0.8	-0.68	0.55	0.86	0.94	0.77	0.99	0.81	0.58	0.92		0.86	0.4	0.85	0.76	0.89	0.88
Non Current Liabilities Total	0.62	0.79	0.85	0.91	0.48	0.77	0.76	0.84	0.85	0.74	-0.54	0.32	0.82	0.85	0.69	0.86	0.94	0.77	0.79	0.86		0.7	0.76	0.51	0.85	0.88
Inventory	0.37	0.42	0.52	0.58	0.25	0.39	0.48	0.34	0.56	0.54	0.08	-0.3	0.58	0.32	0.45	0.38	0.82	0.75	0.43	0.4	0.7		0.51	0.17	0.55	0.66
Other Current Assets	0.69	0.98	0.97	0.57	0.92	0.97	0.92	0.89	0.71	0.98	-0.33	0.48	0.99	0.75	0.96	0.82	0.78	0.66	0.97	0.85	0.76	0.51		0.84	0.98	0.87
Other Stockholder Equity	0.6	0.85	0.8	0.36	0.84	0.86	0.71	0.8	0.36	0.8	-0.5	0.53	0.8	0.73	0.78	0.75	0.56	0.21	0.88	0.76	0.51	0.17	0.84		0.79	0.57
Total Liab	0.69	0.98	1.0	0.65	0.87	0.98	0.95	0.93	0.76	0.97	-0.39	0.53	0.99	0.81	0.96	0.87	0.83	0.7	0.96	0.89	0.85	0.55	0.98	0.79		0.89
Property Plant And Equipment Gross	0.69	0.84	0.87	0.82	0.66	0.83	0.79	0.83	0.93	0.83	-0.41	0.28	0.88	0.79	0.78	0.86	0.86	0.86	0.87	0.88	0.88	0.66	0.87	0.57	0.89

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Shopify Account Relationship Matchups

Pair Trading with Shopify

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

Moving together with Shopify Stock

0.68

PVF-UN

Partners Value Inves

Pair Corr

Moving against Shopify Stock

0.79	DOL	Dollarama	Pair Corr
0.74	CU	Canadian Utilities Earnings Call Shortly	Pair Corr
0.68	SPB	Superior Plus Corp	Pair Corr
0.68	KNT	K92 Mining	Pair Corr
0.68	KLD	Kenorland Minerals	Pair Corr

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

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

Other Information on Investing in Shopify Stock

Balance Sheet is a snapshot of the financial position of Shopify at a specified time, usually calculated after every quarter, six months, or one year. Shopify Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shopify and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Shopify currently owns. An asset can also be divided into two categories, current and non-current.

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Shopify Ebit vs Total Revenue Analysis

Ebit vs Total Revenue

Ebit vs Total Revenue Correlation Analysis

Correlation Coefficient

Ebit

Total Revenue

Shopify fundamental ratios Correlations

Shopify Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with Shopify

Moving together with Shopify Stock

Moving against Shopify Stock

Other Information on Investing in Shopify Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Short Long Term Debt Total
Accounts Payable	+ 0.99	Current Deferred Revenue
Non Current Assets Total	+ 0.99	Current Deferred Revenue
Other Current Assets	+ 0.99	Accounts Payable
Total Liab	+ 0.99	Accounts Payable

Cash	- 0.84	Net Debt
Cash And Short Term Investments	- 0.74	Net Debt
Net Debt	- 0.69	Other Current Liab
Short Term Investments	- 0.68	Net Debt
Net Debt	- 0.63	Net Tangible Assets
Non Current Liabilities Total	- 0.54	Net Debt