Asana Free Cash Flow vs Change To Inventory Analysis

ASAN Stock

USD 19.34 0.49 2.47%

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 Free Cash Flow and its Change To Inventory 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.

Free Cash Flow vs Change To Inventory

Free Cash Flow vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asana Inc Free Cash Flow account and Change To Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Asana's Free Cash Flow and Change To Inventory is -0.49. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Inventory 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 Free Cash Flow and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Asana Inc are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Free Cash Flow i.e., Asana's Free Cash Flow and Change To Inventory go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

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 19th of January 2025, Enterprise Value is likely to grow to about 5.3 B, while Tax Provision is likely to drop about 2.5 M.

	2022	2023	2024	2025 (projected)
Depreciation And Amortization	12.7M	14.3M	16.5M	14.6M
Interest Income	6.9M	21.1M	24.3M	25.5M

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	0.98	0.93	0.91	0.93	0.97	0.96	0.15	-0.94	0.82	0.87	0.97	0.92	0.94	0.98	0.96	0.97	0.91	0.62	0.23	-0.86	0.98	0.9	0.94	0.94
Other Current Liab	0.98		0.93	0.91	0.87	0.9	0.98	0.9	0.16	-0.89	0.88	0.91	0.98	0.87	0.88	0.95	0.91	0.97	0.81	0.51	0.3	-0.88	0.95	0.86	0.93	0.93
Total Current Liabilities	0.98	0.93		0.95	0.93	0.95	0.95	1.0	0.03	-0.96	0.73	0.8	0.94	0.98	0.99	0.95	1.0	0.94	0.96	0.65	0.02	-0.85	0.99	0.93	0.85	0.94
Total Stockholder Equity	0.93	0.91	0.95		0.98	1.0	0.92	0.95	0.0	-0.99	0.74	0.81	0.92	0.95	0.93	0.9	0.95	0.91	0.91	0.69	-0.04	-0.89	0.95	0.99	0.8	0.99
Other Liab	0.91	0.87	0.93	0.98		0.99	0.86	0.93	-0.03	-0.98	0.67	0.8	0.86	0.91	0.91	0.91	0.93	0.85	0.93	0.75	-0.03	-0.81	0.91	0.99	0.81	0.96
Net Tangible Assets	0.93	0.9	0.95	1.0	0.99		0.91	0.95	0.01	-0.99	0.73	0.79	0.91	0.94	0.93	0.9	0.95	0.91	0.91	0.72	-0.05	-0.88	0.95	0.99	0.8	0.99
Property Plant And Equipment Net	0.97	0.98	0.95	0.92	0.86	0.91		0.93	0.25	-0.91	0.86	0.81	1.0	0.9	0.9	0.92	0.94	1.0	0.85	0.59	0.21	-0.94	0.97	0.88	0.9	0.94
Current Deferred Revenue	0.96	0.9	1.0	0.95	0.93	0.95	0.93		0.03	-0.96	0.69	0.77	0.93	0.98	0.99	0.94	1.0	0.93	0.97	0.67	-0.01	-0.84	0.99	0.93	0.83	0.93
Net Debt	0.15	0.16	0.03	0.0	-0.03	0.01	0.25	0.03		-0.02	0.32	-0.12	0.26	-0.07	-0.11	0.09	0.01	0.28	0.02	0.4	0.57	-0.31	0.1	0.05	0.35	0.08
Retained Earnings	-0.94	-0.89	-0.96	-0.99	-0.98	-0.99	-0.91	-0.96	-0.02		-0.69	-0.78	-0.9	-0.95	-0.94	-0.92	-0.96	-0.9	-0.93	-0.73	0.03	0.86	-0.95	-0.98	-0.81	-0.96
Accounts Payable	0.82	0.88	0.73	0.74	0.67	0.73	0.86	0.69	0.32	-0.69		0.8	0.86	0.64	0.69	0.78	0.7	0.84	0.58	0.41	0.45	-0.74	0.76	0.67	0.85	0.82
Cash	0.87	0.91	0.8	0.81	0.8	0.79	0.81	0.77	-0.12	-0.78	0.8		0.81	0.73	0.79	0.9	0.78	0.78	0.68	0.3	0.36	-0.66	0.79	0.73	0.85	0.82
Non Current Assets Total	0.97	0.98	0.94	0.92	0.86	0.91	1.0	0.93	0.26	-0.9	0.86	0.81		0.9	0.9	0.92	0.94	1.0	0.85	0.59	0.22	-0.94	0.97	0.88	0.9	0.94
Non Currrent Assets Other	0.92	0.87	0.98	0.95	0.91	0.94	0.9	0.98	-0.07	-0.95	0.64	0.73	0.9		0.99	0.88	0.99	0.9	0.95	0.61	-0.16	-0.84	0.98	0.93	0.73	0.92
Other Assets	0.94	0.88	0.99	0.93	0.91	0.93	0.9	0.99	-0.11	-0.94	0.69	0.79	0.9	0.99		0.91	0.99	0.89	0.95	0.57	-0.09	-0.79	0.97	0.9	0.77	0.92
Cash And Short Term Investments	0.98	0.95	0.95	0.9	0.91	0.9	0.92	0.94	0.09	-0.92	0.78	0.9	0.92	0.88	0.91		0.93	0.91	0.9	0.61	0.29	-0.77	0.93	0.87	0.95	0.9
Net Receivables	0.96	0.91	1.0	0.95	0.93	0.95	0.94	1.0	0.01	-0.96	0.7	0.78	0.94	0.99	0.99	0.93		0.94	0.96	0.63	-0.03	-0.86	0.99	0.93	0.82	0.94
Common Stock Total Equity	0.97	0.97	0.94	0.91	0.85	0.91	1.0	0.93	0.28	-0.9	0.84	0.78	1.0	0.9	0.89	0.91	0.94		0.86	0.61	0.19	-0.95	0.97	0.88	0.89	0.93
Common Stock Shares Outstanding	0.91	0.81	0.96	0.91	0.93	0.91	0.85	0.97	0.02	-0.93	0.58	0.68	0.85	0.95	0.95	0.9	0.96	0.86		0.76	-0.08	-0.75	0.93	0.92	0.78	0.88
Short Term Investments	0.62	0.51	0.65	0.69	0.75	0.72	0.59	0.67	0.4	-0.73	0.41	0.3	0.59	0.61	0.57	0.61	0.63	0.61	0.76		-0.02	-0.6	0.63	0.79	0.61	0.69
Non Current Liabilities Total	0.23	0.3	0.02	-0.04	-0.03	-0.05	0.21	-0.01	0.57	0.03	0.45	0.36	0.22	-0.16	-0.09	0.29	-0.03	0.19	-0.08	-0.02		-0.06	0.04	-0.08	0.53	0.03
Inventory	-0.86	-0.88	-0.85	-0.89	-0.81	-0.88	-0.94	-0.84	-0.31	0.86	-0.74	-0.66	-0.94	-0.84	-0.79	-0.77	-0.86	-0.95	-0.75	-0.6	-0.06		-0.91	-0.87	-0.75	-0.89
Other Current Assets	0.98	0.95	0.99	0.95	0.91	0.95	0.97	0.99	0.1	-0.95	0.76	0.79	0.97	0.98	0.97	0.93	0.99	0.97	0.93	0.63	0.04	-0.91		0.93	0.85	0.95
Other Stockholder Equity	0.9	0.86	0.93	0.99	0.99	0.99	0.88	0.93	0.05	-0.98	0.67	0.73	0.88	0.93	0.9	0.87	0.93	0.88	0.92	0.79	-0.08	-0.87	0.93		0.78	0.97
Total Liab	0.94	0.93	0.85	0.8	0.81	0.8	0.9	0.83	0.35	-0.81	0.85	0.85	0.9	0.73	0.77	0.95	0.82	0.89	0.78	0.61	0.53	-0.75	0.85	0.78		0.84
Deferred Long Term Liab	0.94	0.93	0.94	0.99	0.96	0.99	0.94	0.93	0.08	-0.96	0.82	0.82	0.94	0.92	0.92	0.9	0.94	0.93	0.88	0.69	0.03	-0.89	0.95	0.97	0.84

Click cells to compare fundamentals

Asana Account Relationship Matchups

Asana fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	731.1M	707.0M	955.0M	962.0M	1.1B	713.3M
Other Current Liab	38.7M	37.2M	47.2M	36.4M	41.9M	33.6M
Total Current Liabilities	163.5M	255.2M	332.3M	367.2M	422.3M	231.3M
Total Stockholder Equity	(12.8M)	203.8M	356.6M	326.4M	375.4M	394.1M
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	257.4M	273.7M	271.2M	278.3M	320.0M	204.5M
Current Deferred Revenue	103.9M	170.1M	226.4M	265.3M	305.1M	157.7M
Net Debt	326.0M	15.2M	(255.0M)	41.2M	37.1M	39.0M
Retained Earnings	(541.4M)	(829.8M)	(1.2B)	(1.5B)	(1.3B)	(1.3B)
Accounts Payable	9.6M	11.6M	7.6M	6.9M	7.9M	8.6M
Cash	259.9M	240.4M	526.6M	236.7M	272.2M	292.1M
Non Current Assets Total	285.4M	295.6M	294.6M	302.2M	347.6M	225.4M
Non Currrent Assets Other	8.9M	19.2M	23.4M	24.0M	27.6M	16.0M
Other Assets	10.1M	8.9M	19.2M	23.4M	26.9M	15.0M
Cash And Short Term Investments	386.3M	312.0M	529.3M	519.5M	597.4M	400.8M
Net Receivables	32.2M	59.1M	82.4M	88.3M	101.6M	51.4M
Common Stock Shares Outstanding	161.5M	176.4M	200.0M	220.4M	253.5M	195.5M
Short Term Investments	126.4M	71.6M	2.7M	282.8M	325.2M	341.5M
Liabilities And Stockholders Equity	731.1M	707.0M	955.0M	962.0M	1.1B	713.3M
Non Current Liabilities Total	580.4M	248.0M	266.1M	268.4M	241.5M	277.5M
Capital Lease Obligations	205.2M	221.0M	224.8M	234.3M	269.4M	166.4M
Other Current Assets	27.3M	40.3M	48.7M	51.9M	59.7M	31.7M
Other Stockholder Equity	528.6M	1.0B	1.6B	1.8B	2.1B	2.2B
Total Liab	743.9M	503.2M	598.4M	635.6M	730.9M	612.9M
Net Invested Capital	367.9M	238.5M	403.3M	370.0M	425.5M	230.3M
Property Plant And Equipment Gross	257.4M	273.7M	271.2M	320.8M	368.9M	212.3M
Total Current Assets	445.8M	411.4M	660.4M	659.7M	758.7M	487.9M
Accumulated Other Comprehensive Income	39K	(626K)	(873K)	(236K)	(212.4K)	(223.0K)
Non Current Liabilities Other	3.0M	5.0M	2.2M	3.7M	4.3M	3.2M
Net Working Capital	282.3M	156.2M	328.1M	292.5M	336.4M	256.5M
Short Term Debt	8.4M	25.1M	29.7M	38.4M	44.1M	46.3M
Property Plant Equipment	30.9M	257.4M	273.7M	95.0M	109.2M	145.4M
Short Long Term Debt Total	585.9M	255.6M	271.5M	277.9M	250.1M	258.6M
Long Term Debt	380.7M	34.6M	46.7M	43.6M	39.3M	37.3M

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

0.62	U	Unity Software Aggressive Push	Pair Corr
0.83	AI	C3 Ai Inc	Pair Corr
0.72	AZ	A2Z Smart Technologies	Pair Corr
0.64	BL	Blackline	Pair Corr

Moving against Asana Stock

0.75	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.71	VTEX	VTEX	Pair Corr
0.47	DOMO	Domo Inc	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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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

(1.12)

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Asana Free Cash Flow vs Change To Inventory Analysis

Free Cash Flow vs Change To Inventory

Free Cash Flow vs Change To Inventory Correlation Analysis

Correlation Coefficient

Free Cash Flow

Change To Inventory

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
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Common Stock Total Equity	+ 1.0	Property Plant And Equipment Net
Net Receivables	+ 1.0	Current Deferred Revenue

Retained Earnings	- 0.99	Net Tangible Assets
Retained Earnings	- 0.99	Total Stockholder Equity
Other Stockholder Equity	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Other Liab
Deferred Long Term Liab	- 0.96	Retained Earnings
Net Receivables	- 0.96	Retained Earnings