Smartsheet Stock Based Compensation vs Change To Inventory Analysis

SMAR Stock

USD 56.46 0.16 0.28%

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

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

Stock Based Compensation vs Change To Inventory

Stock Based Compensation vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Smartsheet Stock Based Compensation account and Change To Inventory. At this time, the significance of the direction appears to have pay attention.

The correlation between Smartsheet's Stock Based Compensation and Change To Inventory is -0.78. Overlapping area represents the amount of variation of Stock Based Compensation that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Smartsheet, assuming nothing else is changed. The correlation between historical values of Smartsheet's Stock Based Compensation 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 Stock Based Compensation of Smartsheet 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 Stock Based Compensation i.e., Smartsheet's Stock Based Compensation and Change To Inventory go up and down completely randomly.

Correlation Coefficient

-0.78

Relationship Direction	Negative
Relationship Strength	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 Inventory

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

Most indicators from Smartsheet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smartsheet 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 Smartsheet. 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.

To learn how to invest in Smartsheet Stock, please use our How to Invest in Smartsheet guide.At this time, Smartsheet's Selling General Administrative is relatively stable compared to the past year. As of 01/18/2025, Tax Provision is likely to grow to about 10.3 M, while Sales General And Administrative To Revenue is likely to drop 0.14.

	2022	2023	2024	2025 (projected)
Gross Profit	601.6M	771.9M	887.7M	932.1M
Total Revenue	766.9M	958.3M	1.1B	1.2B

Gross Profit Total Revenue

Smartsheet fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Intangible Assets	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.91	0.98	0.98	0.66	0.85	-0.96	0.42	0.77	0.98	0.97	0.93	0.83	0.99	0.99	0.98	-0.62	1.0	0.8	0.68	0.83	0.89	0.97	-0.7	0.92	0.98
Other Current Liab	0.91		0.9	0.88	0.6	0.84	-0.94	0.36	0.71	0.91	0.9	0.97	0.77	0.9	0.91	0.91	-0.35	0.9	0.77	0.58	0.76	0.85	0.89	-0.63	0.95	0.9
Total Current Liabilities	0.98	0.9		0.93	0.59	0.75	-0.98	0.31	0.64	0.99	1.0	0.91	0.91	0.97	1.0	0.99	-0.68	0.98	0.72	0.54	0.72	0.8	1.0	-0.56	0.89	1.0
Total Stockholder Equity	0.98	0.88	0.93		0.71	0.91	-0.92	0.53	0.87	0.94	0.92	0.92	0.74	0.99	0.95	0.94	-0.55	0.98	0.83	0.78	0.89	0.93	0.91	-0.81	0.91	0.92
Other Liab	0.66	0.6	0.59	0.71		0.7	-0.61	0.34	0.73	0.62	0.58	0.63	0.34	0.66	0.61	0.62	-0.2	0.63	0.82	0.74	0.74	0.76	0.55	-0.69	0.74	0.57
Net Tangible Assets	0.85	0.84	0.75	0.91	0.7		-0.78	0.65	0.94	0.79	0.73	0.86	0.5	0.87	0.78	0.79	-0.23	0.85	0.82	0.83	0.91	0.94	0.71	-0.91	0.87	0.74
Retained Earnings	-0.96	-0.94	-0.98	-0.92	-0.61	-0.78		-0.27	-0.65	-0.99	-0.98	-0.93	-0.85	-0.95	-0.98	-0.99	0.51	-0.95	-0.78	-0.56	-0.76	-0.84	-0.97	0.58	-0.94	-0.97
Accounts Payable	0.42	0.36	0.31	0.53	0.34	0.65	-0.27		0.68	0.32	0.26	0.33	0.25	0.49	0.33	0.32	-0.18	0.47	0.2	0.5	0.42	0.44	0.27	-0.72	0.27	0.3
Cash	0.77	0.71	0.64	0.87	0.73	0.94	-0.65	0.68		0.68	0.61	0.75	0.33	0.79	0.67	0.68	-0.22	0.77	0.81	0.95	0.91	0.92	0.59	-0.99	0.77	0.62
Other Assets	0.98	0.91	0.99	0.94	0.62	0.79	-0.99	0.32	0.68		0.99	0.92	0.87	0.98	1.0	1.0	-0.63	0.98	0.77	0.59	0.77	0.84	0.99	-0.6	0.91	0.99
Net Receivables	0.97	0.9	1.0	0.92	0.58	0.73	-0.98	0.26	0.61	0.99		0.91	0.91	0.96	1.0	0.99	-0.67	0.97	0.73	0.53	0.71	0.79	1.0	-0.53	0.89	1.0
Common Stock Shares Outstanding	0.93	0.97	0.91	0.92	0.63	0.86	-0.93	0.33	0.75	0.92	0.91		0.74	0.92	0.92	0.92	-0.42	0.92	0.85	0.68	0.85	0.91	0.9	-0.66	0.97	0.9
Short Term Investments	0.83	0.77	0.91	0.74	0.34	0.5	-0.85	0.25	0.33	0.87	0.91	0.74		0.83	0.88	0.87	-0.75	0.85	0.4	0.17	0.4	0.51	0.93	-0.25	0.67	0.92
Other Stockholder Equity	0.99	0.9	0.97	0.99	0.66	0.87	-0.95	0.49	0.79	0.98	0.96	0.92	0.83		0.98	0.98	-0.61	1.0	0.77	0.68	0.82	0.88	0.96	-0.73	0.9	0.97
Total Liab	0.99	0.91	1.0	0.95	0.61	0.78	-0.98	0.33	0.67	1.0	1.0	0.92	0.88	0.98		1.0	-0.66	0.98	0.76	0.59	0.76	0.83	0.99	-0.6	0.91	1.0
Deferred Long Term Liab	0.98	0.91	0.99	0.94	0.62	0.79	-0.99	0.32	0.68	1.0	0.99	0.92	0.87	0.98	1.0		-0.63	0.98	0.77	0.59	0.77	0.84	0.99	-0.6	0.91	0.99
Long Term Investments	-0.62	-0.35	-0.68	-0.55	-0.2	-0.23	0.51	-0.18	-0.22	-0.63	-0.67	-0.42	-0.75	-0.61	-0.66	-0.63		-0.64	-0.21	-0.17	-0.24	-0.29	-0.69	0.17	-0.33	-0.69
Total Current Assets	1.0	0.9	0.98	0.98	0.63	0.85	-0.95	0.47	0.77	0.98	0.97	0.92	0.85	1.0	0.98	0.98	-0.64		0.76	0.66	0.8	0.87	0.96	-0.71	0.9	0.97
Intangible Assets	0.8	0.77	0.72	0.83	0.82	0.82	-0.78	0.2	0.81	0.77	0.73	0.85	0.4	0.77	0.76	0.77	-0.21	0.76		0.86	0.96	0.95	0.69	-0.75	0.92	0.71
Property Plant Equipment	0.68	0.58	0.54	0.78	0.74	0.83	-0.56	0.5	0.95	0.59	0.53	0.68	0.17	0.68	0.59	0.59	-0.17	0.66	0.86		0.93	0.9	0.49	-0.94	0.72	0.52
Short Long Term Debt Total	0.83	0.76	0.72	0.89	0.74	0.91	-0.76	0.42	0.91	0.77	0.71	0.85	0.4	0.82	0.76	0.77	-0.24	0.8	0.96	0.93		0.99	0.68	-0.87	0.89	0.7
Property Plant And Equipment Net	0.89	0.85	0.8	0.93	0.76	0.94	-0.84	0.44	0.92	0.84	0.79	0.91	0.51	0.88	0.83	0.84	-0.29	0.87	0.95	0.9	0.99		0.77	-0.87	0.94	0.78
Current Deferred Revenue	0.97	0.89	1.0	0.91	0.55	0.71	-0.97	0.27	0.59	0.99	1.0	0.9	0.93	0.96	0.99	0.99	-0.69	0.96	0.69	0.49	0.68	0.77		-0.51	0.87	1.0
Net Debt	-0.7	-0.63	-0.56	-0.81	-0.69	-0.91	0.58	-0.72	-0.99	-0.6	-0.53	-0.66	-0.25	-0.73	-0.6	-0.6	0.17	-0.71	-0.75	-0.94	-0.87	-0.87	-0.51		-0.69	-0.55
Non Current Assets Total	0.92	0.95	0.89	0.91	0.74	0.87	-0.94	0.27	0.77	0.91	0.89	0.97	0.67	0.9	0.91	0.91	-0.33	0.9	0.92	0.72	0.89	0.94	0.87	-0.69		0.88
Non Currrent Assets Other	0.98	0.9	1.0	0.92	0.57	0.74	-0.97	0.3	0.62	0.99	1.0	0.9	0.92	0.97	1.0	0.99	-0.69	0.97	0.71	0.52	0.7	0.78	1.0	-0.55	0.88

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Smartsheet Account Relationship Matchups

Smartsheet fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	911.8M	1.0B	1.1B	1.3B	1.5B	1.6B
Other Current Liab	48.1M	67.6M	76.6M	91.7M	105.5M	53.2M
Total Current Liabilities	307.7M	437.4M	574.7M	695.9M	800.2M	840.2M
Total Stockholder Equity	526.9M	504.8M	485.7M	605.9M	696.7M	731.6M
Other Liab	837K	5.2M	2.4M	2.3M	2.7M	2.1M
Net Tangible Assets	482.4M	347.2M	335.1M	343.2M	394.7M	205.2M
Retained Earnings	(371.4M)	(542.5M)	(758.2M)	(862.8M)	(776.5M)	(737.7M)
Accounts Payable	2.9M	1.5M	2.1M	2.9M	3.4M	3.4M
Cash	442.2M	449.1M	223.2M	282.1M	324.4M	271.1M
Other Assets	50.5M	64.0M	94.5M	125.0M	143.7M	150.9M
Net Receivables	102.6M	151.1M	198.6M	238.7M	274.5M	288.2M
Common Stock Shares Outstanding	120.7M	125.6M	130.1M	134.5M	154.7M	119.1M
Other Stockholder Equity	898.4M	1.0B	1.2B	1.5B	1.7B	1.8B
Total Liab	384.9M	498.1M	624.6M	731.6M	841.4M	883.4M
Deferred Long Term Liab	48.3M	60.5M	91.3M	121.8M	140.1M	147.1M
Total Current Assets	558.4M	634.6M	710.1M	931.9M	1.1B	1.1B
Intangible Assets	54.1M	44.1M	39.1M	28.0M	32.2M	22.5M
Property Plant Equipment	84.6M	109.7M	104.0M	39.4M	45.3M	53.3M
Short Long Term Debt Total	89.0M	76.2M	66.8M	49.8M	57.3M	50.2M
Property Plant And Equipment Net	109.7M	104.0M	93.7M	81.8M	94.1M	71.8M
Current Deferred Revenue	222.7M	332.3M	457.5M	568.7M	654.0M	686.7M
Net Debt	(353.2M)	(372.8M)	(156.4M)	(232.3M)	(209.1M)	(219.5M)
Non Current Assets Total	353.4M	368.2M	400.1M	405.6M	466.5M	249.0M
Non Currrent Assets Other	64.0M	94.5M	125.0M	154.3M	177.5M	186.4M
Cash And Short Term Investments	442.2M	449.1M	456.4M	628.8M	723.1M	391.4M
Liabilities And Stockholders Equity	911.8M	1.0B	1.1B	1.3B	1.5B	775.7M
Non Current Liabilities Total	77.1M	60.6M	49.9M	35.8M	41.1M	39.8M
Capital Surpluse	770.5M	898.4M	1.0B	1.2B	1.4B	1.5B
Capital Lease Obligations	89.0M	76.2M	66.8M	49.8M	57.3M	50.2M
Other Current Assets	13.4M	33.8M	55.1M	64.4M	74.0M	77.7M
Property Plant And Equipment Gross	109.7M	104.0M	93.7M	110.1M	126.7M	75.7M
Accumulated Other Comprehensive Income	(371.4M)	(542.5M)	101K	(146K)	(131.4K)	(138.0K)
Non Current Liabilities Other	3.9M	58.2M	47.6M	434K	499.1K	474.1K
Short Term Debt	34.1M	36.0M	38.4M	32.5M	37.4M	22.7M
Net Invested Capital	526.9M	504.8M	485.7M	605.9M	696.7M	428.0M
Net Working Capital	250.6M	197.2M	135.4M	236.0M	271.4M	208.5M
Retained Earnings Total Equity	(256.5M)	(371.4M)	(542.5M)	(758.2M)	(682.4M)	(648.2M)

Pair Trading with Smartsheet

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

Moving against Smartsheet Stock

0.31	BL	Blackline	Pair Corr
0.31	VMEO	Vimeo Inc	Pair Corr

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

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

When running Smartsheet's price analysis, check to measure Smartsheet'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 Smartsheet is operating at the current time. Most of Smartsheet's value examination focuses on studying past and present price action to predict the probability of Smartsheet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smartsheet's price. Additionally, you may evaluate how the addition of Smartsheet to your portfolios can decrease your overall portfolio volatility.

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