Shopify Historical Financial Ratios

SHOP Stock

USD 115.60 3.06 2.72%

Shopify is promptly reporting on over 96 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Book Value Per Share of 7.43, Free Cash Flow Yield of 0.0095, Invested Capital of 0.0 or Operating Cash Flow Per Share of 0.77 will help investors to properly organize and evaluate Shopify financial condition quickly.

Quick Ratio Current Ratio

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 persons.

To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.

About Shopify Financial Ratios Analysis

ShopifyFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Shopify investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Shopify financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Shopify history.

Shopify Financial Ratios Chart

At this time, Shopify's Free Cash Flow Per Share is relatively stable compared to the past year. As of 12/02/2024, ROIC is likely to grow to 0.02, while Capex To Depreciation is likely to drop 0.53.

Price To Sales Ratio Ptb Ratio Days Sales Outstanding Book Value Per Share Days Of Inventory On Hand Fixed Asset Turnover

Add Fundamental

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Shopify stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Shopify sales, a figure that is much harder to manipulate than other Shopify multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most ratios from Shopify's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Shopify current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 persons.

To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.At this time, Shopify's Free Cash Flow Per Share is relatively stable compared to the past year. As of 12/02/2024, ROIC is likely to grow to 0.02, while Capex To Depreciation is likely to drop 0.53.

	2021	2022	2023	2024 (projected)
Days Sales Outstanding	54.39	57.68	59.71	32.25
PTB Ratio	15.42	5.33	11.01	15.57

Days Sales Outstanding Ptb Ratio

Shopify fundamentals Correlations

	Price To Sales Ratio	Ptb Ratio	Days Sales Outstanding	Book Value Per Share	Free Cash Flow Yield	Operating Cash Flow Per Share	Capex To Depreciation	Pb Ratio	Ev To Sales	Free Cash Flow Per Share	Roic	Inventory Turnover	Net Income Per Share	Days Of Inventory On Hand	Payables Turnover	Average Inventory	Capex To Revenue	Cash Per Share	Pocfratio	Interest Coverage	Capex To Operating Cash Flow	Pfcf Ratio	Days Payables Outstanding	Income Quality	Roe	Ev To Operating Cash Flow
Price To Sales Ratio		0.76	-0.09	-0.11	0.25	0.03	0.13	0.76	0.98	0.06	0.27	-0.45	0.39	0.51	-0.39	-0.16	0.05	-0.02	0.21	0.37	0.1	0.67	0.49	-0.24	0.41	0.41
Ptb Ratio	0.76		-0.33	-0.35	-0.15	-0.07	0.6	1.0	0.74	-0.03	-0.33	0.09	0.29	0.51	-0.53	-0.27	0.6	-0.31	-0.32	0.34	-0.51	0.51	0.59	-0.2	0.01	-0.11
Days Sales Outstanding	-0.09	-0.33		0.76	0.38	0.39	-0.7	-0.33	0.01	0.35	0.4	0.05	-0.05	-0.44	0.9	0.35	-0.68	0.79	0.08	-0.35	0.14	-0.36	-0.85	0.37	0.18	-0.05
Book Value Per Share	-0.11	-0.35	0.76		0.62	0.74	-0.78	-0.35	-0.08	0.72	0.55	0.01	0.14	-0.67	0.7	-0.06	-0.73	0.96	-0.08	-0.55	0.12	-0.43	-0.72	0.67	0.34	-0.21
Free Cash Flow Yield	0.25	-0.15	0.38	0.62		0.84	-0.71	-0.15	0.19	0.84	0.87	-0.57	0.3	-0.24	0.33	-0.06	-0.74	0.56	0.39	-0.49	0.53	0.04	-0.28	0.72	0.66	0.36
Operating Cash Flow Per Share	0.03	-0.07	0.39	0.74	0.84		-0.55	-0.07	0.01	1.0	0.55	-0.07	0.4	-0.49	0.44	-0.17	-0.51	0.67	-0.06	-0.55	0.07	-0.28	-0.44	0.91	0.54	-0.15
Capex To Depreciation	0.13	0.6	-0.7	-0.78	-0.71	-0.55		0.6	0.1	-0.53	-0.82	0.38	0.02	0.46	-0.66	-0.06	0.98	-0.79	-0.45	0.48	-0.62	0.33	0.66	-0.52	-0.41	-0.29
Pb Ratio	0.76	1.0	-0.33	-0.35	-0.15	-0.07	0.6		0.74	-0.03	-0.33	0.09	0.29	0.51	-0.53	-0.27	0.6	-0.31	-0.32	0.34	-0.51	0.51	0.59	-0.2	0.01	-0.11
Ev To Sales	0.98	0.74	0.01	-0.08	0.19	0.01	0.1	0.74		0.03	0.26	-0.38	0.43	0.44	-0.27	-0.11	0.04	0.05	0.21	0.45	0.08	0.55	0.38	-0.28	0.45	0.37
Free Cash Flow Per Share	0.06	-0.03	0.35	0.72	0.84	1.0	-0.53	-0.03	0.03		0.55	-0.09	0.41	-0.45	0.4	-0.2	-0.49	0.64	-0.06	-0.55	0.06	-0.24	-0.39	0.91	0.54	-0.13
Roic	0.27	-0.33	0.4	0.55	0.87	0.55	-0.82	-0.33	0.26	0.55		-0.75	0.27	-0.17	0.33	0.0	-0.88	0.56	0.69	-0.23	0.83	0.04	-0.27	0.38	0.71	0.63
Inventory Turnover	-0.45	0.09	0.05	0.01	-0.57	-0.07	0.38	0.09	-0.38	-0.09	-0.75		-0.01	-0.35	0.21	0.06	0.5	0.04	-0.78	0.07	-0.86	-0.5	-0.33	0.04	-0.41	-0.87
Net Income Per Share	0.39	0.29	-0.05	0.14	0.3	0.4	0.02	0.29	0.43	0.41	0.27	-0.01		0.0	-0.03	-0.03	0.0	0.2	0.13	0.5	0.01	0.01	0.02	0.06	0.86	0.12
Days Of Inventory On Hand	0.51	0.51	-0.44	-0.67	-0.24	-0.49	0.46	0.51	0.44	-0.45	-0.17	-0.35	0.0		-0.62	-0.02	0.4	-0.67	0.35	0.39	0.07	0.66	0.71	-0.49	-0.06	0.55
Payables Turnover	-0.39	-0.53	0.9	0.7	0.33	0.44	-0.66	-0.53	-0.27	0.4	0.33	0.21	-0.03	-0.62		0.36	-0.62	0.74	0.02	-0.37	0.1	-0.57	-0.97	0.46	0.16	-0.18
Average Inventory	-0.16	-0.27	0.35	-0.06	-0.06	-0.17	-0.06	-0.27	-0.11	-0.2	0.0	0.06	-0.03	-0.02	0.36		-0.15	0.01	0.33	0.17	0.18	-0.15	-0.37	-0.13	0.07	0.23
Capex To Revenue	0.05	0.6	-0.68	-0.73	-0.74	-0.51	0.98	0.6	0.04	-0.49	-0.88	0.5	0.0	0.4	-0.62	-0.15		-0.74	-0.54	0.43	-0.72	0.23	0.6	-0.46	-0.46	-0.41
Cash Per Share	-0.02	-0.31	0.79	0.96	0.56	0.67	-0.79	-0.31	0.05	0.64	0.56	0.04	0.2	-0.67	0.74	0.01	-0.74		-0.02	-0.37	0.15	-0.44	-0.76	0.54	0.4	-0.17
Pocfratio	0.21	-0.32	0.08	-0.08	0.39	-0.06	-0.45	-0.32	0.21	-0.06	0.69	-0.78	0.13	0.35	0.02	0.33	-0.54	-0.02		0.19	0.91	0.12	0.04	-0.14	0.51	0.94
Interest Coverage	0.37	0.34	-0.35	-0.55	-0.49	-0.55	0.48	0.34	0.45	-0.55	-0.23	0.07	0.5	0.39	-0.37	0.17	0.43	-0.37	0.19		-0.04	0.23	0.36	-0.79	0.28	0.24
Capex To Operating Cash Flow	0.1	-0.51	0.14	0.12	0.53	0.07	-0.62	-0.51	0.08	0.06	0.83	-0.86	0.01	0.07	0.1	0.18	-0.72	0.15	0.91	-0.04		0.11	-0.05	-0.01	0.47	0.86
Pfcf Ratio	0.67	0.51	-0.36	-0.43	0.04	-0.28	0.33	0.51	0.55	-0.24	0.04	-0.5	0.01	0.66	-0.57	-0.15	0.23	-0.44	0.12	0.23	0.11		0.68	-0.41	0.03	0.45
Days Payables Outstanding	0.49	0.59	-0.85	-0.72	-0.28	-0.44	0.66	0.59	0.38	-0.39	-0.27	-0.33	0.02	0.71	-0.97	-0.37	0.6	-0.76	0.04	0.36	-0.05	0.68		-0.47	-0.14	0.27
Income Quality	-0.24	-0.2	0.37	0.67	0.72	0.91	-0.52	-0.2	-0.28	0.91	0.38	0.04	0.06	-0.49	0.46	-0.13	-0.46	0.54	-0.14	-0.79	-0.01	-0.41	-0.47		0.21	-0.26
Roe	0.41	0.01	0.18	0.34	0.66	0.54	-0.41	0.01	0.45	0.54	0.71	-0.41	0.86	-0.06	0.16	0.07	-0.46	0.4	0.51	0.28	0.47	0.03	-0.14	0.21		0.47
Ev To Operating Cash Flow	0.41	-0.11	-0.05	-0.21	0.36	-0.15	-0.29	-0.11	0.37	-0.13	0.63	-0.87	0.12	0.55	-0.18	0.23	-0.41	-0.17	0.94	0.24	0.86	0.45	0.27	-0.26	0.47

Click cells to compare fundamentals

Shopify Account Relationship Matchups

Shopify fundamentals Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Price To Sales Ratio	28.47	46.2	37.23	7.85	14.14	26.28
Ptb Ratio	14.9	21.15	15.42	5.33	11.01	15.57
Days Sales Outstanding	55.67	52.52	54.39	57.68	59.71	32.25
Book Value Per Share	2.67	5.35	8.93	6.51	7.07	7.43
Free Cash Flow Yield	1.83E-4	0.002829	0.002642	(0.004242)	0.009065	0.009518
Operating Cash Flow Per Share	0.0625	0.36	0.4	(0.11)	0.74	0.77
Stock Based Compensation To Revenue	0.1	0.0843	0.0717	0.098	0.0871	0.0518
Capex To Depreciation	1.75	0.6	0.77	0.55	0.56	0.53
Pb Ratio	14.9	21.15	15.42	5.33	11.01	15.57
Ev To Sales	28.16	45.59	36.94	7.8	14.1	17.08
Free Cash Flow Per Share	0.007271	0.32	0.36	(0.15)	0.71	0.74
Roic	(0.061)	0.0167	0.0207	(0.0858)	0.0186	0.0195
Net Income Per Share	(0.11)	0.27	2.34	(2.73)	0.1	0.11
Payables Turnover	7.87	8.23	7.5	7.82	9.74	5.47
Capex To Revenue	0.0395	0.0143	0.011	0.008932	0.005524	0.005248
Cash Per Share	2.17	5.34	6.23	3.99	3.91	4.1
Pocfratio	636.37	318.49	340.39	(322.12)	105.76	100.47
Capex To Operating Cash Flow	0.88	0.0988	0.1	(0.37)	0.0413	0.0434
Pfcf Ratio	5.5K	353.42	378.5	(235.71)	110.31	104.8
Days Payables Outstanding	46.37	44.37	48.65	46.69	37.48	62.47
Income Quality	(0.57)	1.33	0.17	0.0394	7.15	7.51
Roe	(0.0414)	0.0499	0.26	(0.42)	0.0146	0.0153
Ev To Operating Cash Flow	629.31	314.28	337.76	(320.26)	105.48	100.2
Pe Ratio	(359.95)	423.61	58.91	(12.7)	756.31	794.13
Return On Tangible Assets	(0.0415)	0.0437	0.23	(0.41)	0.0122	0.0128
Ev To Free Cash Flow	5.4K	348.74	375.57	(234.36)	110.02	104.52
Earnings Yield	(0.002778)	0.002361	0.017	(0.0787)	0.001322	0.001388
Intangibles To Total Assets	0.14	0.0577	0.0371	0.21	0.0404	0.0514
Net Debt To E B I T D A	8.09	(11.18)	(3.97)	0.66	32.88	34.52
Current Ratio	8.68	15.69	12.15	7.07	6.99	7.33
Tangible Book Value Per Share	2.24	4.98	8.53	4.75	6.72	7.05
Receivables Turnover	6.56	6.95	6.71	6.33	6.11	5.81
Graham Number	2.58	5.67	21.68	20.0	4.05	4.22
Shareholders Equity Per Share	2.67	5.35	8.93	6.51	7.07	7.43
Capex Per Share	0.0552	0.0351	0.0407	0.0395	0.0304	0.0238

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

0.82	DJCO	Daily Journal Corp	Pair Corr
0.84	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.83	BL	Blackline	Pair Corr

Moving against Shopify Stock

0.66	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.58	VTEX	VTEX	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

Additional Tools for Shopify Stock Analysis

When running Shopify's price analysis, check to measure Shopify's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.

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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Operating Cycle	Price Book Value Ratio
Price Earnings To Growth Ratio	Days Of Payables Outstanding
Dividend Payout Ratio	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Cash Conversion Cycle
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity

Shopify Historical Financial Ratios

About Shopify Financial Ratios Analysis

Shopify Financial Ratios Chart

Price To Sales Ratio

Ptb Ratio

Book Value Per Share

Shopify fundamentals Correlations

Shopify Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shopify fundamentals Accounts

Pair Trading with Shopify

Moving together with Shopify Stock

Moving against Shopify Stock

Additional Tools for Shopify Stock Analysis

COMMON DESTINATIONS

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COMPANY

Pb Ratio	+ 1.0	Ptb Ratio
Free Cash Flow Per Share	+ 1.0	Operating Cash Flow Per Share
Ev To Sales	+ 0.98	Price To Sales Ratio
Capex To Revenue	+ 0.98	Capex To Depreciation
Cash Per Share	+ 0.96	Book Value Per Share
Ev To Operating Cash Flow	+ 0.94	Pocfratio

Days Payables Outstanding	- 0.97	Payables Turnover
Capex To Revenue	- 0.88	Roic
Ev To Operating Cash Flow	- 0.87	Inventory Turnover
Capex To Operating Cash Flow	- 0.86	Inventory Turnover
Days Payables Outstanding	- 0.85	Days Sales Outstanding
Roic	- 0.82	Capex To Depreciation