VEEV Stock | | | USD 226.88 0.07 0.03% |
Veeva Systems financial indicator trend analysis is much more than just breaking down Veeva Systems Class prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Veeva Systems Class is a good investment. Please check the relationship between Veeva Systems Net Debt and its Gross Profit Margin accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Veeva Systems Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Net Debt vs Gross Profit Margin
Net Debt vs Gross Profit Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Veeva Systems Class Net Debt account and
Gross Profit Margin. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Veeva Systems' Net Debt and Gross Profit Margin is -0.6. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Veeva Systems Class, assuming nothing else is changed. The correlation between historical values of Veeva Systems' Net Debt and Gross Profit Margin 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 Debt of Veeva Systems Class are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Net Debt i.e., Veeva Systems' Net Debt and Gross Profit Margin go up and down completely randomly.
Correlation Coefficient | -0.6 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Gross Profit Margin
Most indicators from Veeva Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Veeva Systems Class 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 Veeva Systems Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
At this time, Veeva Systems'
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 117.41 in 2024, whereas
Tax Provision is likely to drop slightly above 34.9
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 1.3B | 1.5B | 1.7B | 1.8B | Total Revenue | 1.9B | 2.2B | 2.4B | 2.5B |
Veeva Systems fundamental ratios Correlations
Click cells to compare fundamentals
Veeva Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Veeva Systems fundamental ratios Accounts
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