Veracyte Begin Period Cash Flow vs Change To Inventory Analysis

VCYT Stock  USD 41.18  0.19  0.46%   
Veracyte financial indicator trend analysis is much more than just breaking down Veracyte prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Veracyte is a good investment. Please check the relationship between Veracyte Begin Period Cash Flow and its Change To Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veracyte. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Veracyte Stock please use our How to Invest in Veracyte guide.

Begin Period Cash Flow vs Change To Inventory

Begin Period 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 Veracyte Begin Period Cash Flow account and Change To Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Veracyte's Begin Period Cash Flow and Change To Inventory is -0.29. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Veracyte, assuming nothing else is changed. The correlation between historical values of Veracyte's Begin Period 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 Begin Period Cash Flow of Veracyte 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 Begin Period Cash Flow i.e., Veracyte's Begin Period Cash Flow and Change To Inventory go up and down completely randomly.

Correlation Coefficient

-0.29
Relationship DirectionNegative 
Relationship StrengthInsignificant

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from Veracyte's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Veracyte 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 Veracyte. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Veracyte Stock please use our How to Invest in Veracyte guide.At this time, Veracyte's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 392.7 K in 2024, whereas Enterprise Value Multiple is likely to drop (38.14) in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses227.0M236.0M333.9M350.6M
Cost Of Revenue74.4M101.6M112.9M118.5M

Veracyte fundamental ratios Correlations

0.980.981.00.760.96-0.68-0.880.90.610.98-0.490.310.630.970.90.850.280.950.970.990.840.880.730.810.96
0.981.00.970.740.95-0.57-0.850.950.50.98-0.510.20.530.960.890.810.310.960.970.960.870.870.640.80.97
0.981.00.980.730.94-0.57-0.850.960.50.99-0.490.180.530.950.880.80.280.960.970.970.850.880.640.780.97
1.00.970.980.750.96-0.68-0.870.90.610.98-0.480.30.630.970.890.840.260.940.970.990.830.880.730.80.96
0.760.740.730.750.81-0.7-0.730.610.740.7-0.550.50.740.780.770.840.530.660.780.760.860.560.810.840.71
0.960.950.940.960.81-0.71-0.940.850.660.93-0.420.340.680.980.960.90.440.960.930.980.870.880.770.880.96
-0.68-0.57-0.57-0.68-0.7-0.710.69-0.48-0.97-0.530.1-0.7-0.97-0.67-0.77-0.71-0.25-0.61-0.56-0.69-0.52-0.57-0.94-0.74-0.56
-0.88-0.85-0.85-0.87-0.73-0.940.69-0.75-0.65-0.830.25-0.34-0.67-0.94-0.95-0.92-0.5-0.91-0.83-0.94-0.82-0.86-0.75-0.87-0.91
0.90.950.960.90.610.85-0.48-0.750.40.92-0.410.070.420.850.820.680.190.920.910.890.780.850.520.70.91
0.610.50.50.610.740.66-0.97-0.650.40.46-0.170.771.00.630.730.750.330.530.50.630.570.450.980.790.49
0.980.980.990.980.70.93-0.53-0.830.920.46-0.540.180.490.950.830.790.230.930.980.960.830.860.610.740.96
-0.49-0.51-0.49-0.48-0.55-0.420.10.25-0.41-0.17-0.54-0.38-0.2-0.46-0.27-0.48-0.29-0.28-0.56-0.42-0.64-0.06-0.3-0.44-0.37
0.310.20.180.30.50.34-0.7-0.340.070.770.18-0.380.790.340.380.530.330.160.180.320.36-0.030.750.540.14
0.630.530.530.630.740.68-0.97-0.670.421.00.49-0.20.790.650.740.770.330.550.520.650.590.460.990.810.51
0.970.960.950.970.780.98-0.67-0.940.850.630.95-0.460.340.650.950.90.440.960.940.990.890.870.750.870.96
0.90.890.880.890.770.96-0.77-0.950.820.730.83-0.270.380.740.950.880.520.930.850.940.850.860.810.920.91
0.850.810.80.840.840.9-0.71-0.920.680.750.79-0.480.530.770.90.880.490.810.80.890.90.690.860.950.81
0.280.310.280.260.530.44-0.25-0.50.190.330.23-0.290.330.330.440.520.490.320.330.350.620.20.370.590.36
0.950.960.960.940.660.96-0.61-0.910.920.530.93-0.280.160.550.960.930.810.320.90.960.80.950.650.80.97
0.970.970.970.970.780.93-0.56-0.830.910.50.98-0.560.180.520.940.850.80.330.90.950.860.850.630.760.95
0.990.960.970.990.760.98-0.69-0.940.890.630.96-0.420.320.650.990.940.890.350.960.950.850.90.750.840.97
0.840.870.850.830.860.87-0.52-0.820.780.570.83-0.640.360.590.890.850.90.620.80.860.850.650.710.920.84
0.880.870.880.880.560.88-0.57-0.860.850.450.86-0.06-0.030.460.870.860.690.20.950.850.90.650.540.650.94
0.730.640.640.730.810.77-0.94-0.750.520.980.61-0.30.750.990.750.810.860.370.650.630.750.710.540.880.62
0.810.80.780.80.840.88-0.74-0.870.70.790.74-0.440.540.810.870.920.950.590.80.760.840.920.650.880.78
0.960.970.970.960.710.96-0.56-0.910.910.490.96-0.370.140.510.960.910.810.360.970.950.970.840.940.620.78
Click cells to compare fundamentals

Veracyte Account Relationship Matchups

Veracyte fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets275.2M457.2M1.2B1.2B1.1B1.2B
Other Current Liab13.7M10.1M38.8M40.0M36.1M37.9M
Total Current Liabilities17.5M16.8M64.2M62.6M61.2M64.3M
Total Stockholder Equity239.5M421.2M1.1B1.1B1.0B1.1B
Other Liab6.1M8.4M13.1M7.6M8.7M5.6M
Property Plant And Equipment Net17.7M16.8M31.1M30.9M30.9M32.4M
Net Debt(145.7M)(337.0M)(154.3M)(139.5M)(203.8M)(193.6M)
Retained Earnings(246.7M)(281.6M)(357.2M)(393.7M)(468.1M)(444.7M)
Accounts Payable2.3M3.1M12.4M11.9M12.9M13.6M
Cash159.3M349.4M173.2M154.2M216.5M117.7M
Non Current Assets Total87.5M81.5M944.7M907.8M829.3M870.7M
Non Currrent Assets Other2.0M2.0M(35.1M)(26.8M)6.8M7.2M
Other Assets2.0M9.8M2.9M6.2M1.00.95
Cash And Short Term Investments159.3M349.4M173.2M178.9M216.5M119.7M
Net Receivables19.3M18.5M41.5M44.0M40.4M42.4M
Common Stock Total Equity50K58K71K72K82.8K86.9K
Common Stock Shares Outstanding46.1M53.2M67.9M71.5M72.6M41.6M
Liabilities And Stockholders Equity275.2M457.2M1.2B1.2B1.1B1.2B
Non Current Liabilities Total18.3M19.2M27.2M18.6M9.6M17.6M
Inventory6.8M4.7M11.2M14.3M16.1M16.9M
Other Current Assets2.2M3.2M17.2M11.5M12.7M13.3M
Other Stockholder Equity486.1M702.8M1.5B1.5B1.5B1.6B
Total Liab35.8M35.9M91.3M81.2M70.8M44.5M
Property Plant And Equipment Gross17.7M9.0M31.1M30.9M63.7M66.9M
Total Current Assets187.7M375.7M243.1M248.6M285.6M148.7M
Accumulated Other Comprehensive Income(12.0M)0.0(15.1M)(31.3M)(24.0M)(22.8M)
Common Stock50K58K71K72K73K42.9K
Property Plant Equipment8.9M9.0M31.1M30.9M35.5M37.3M
Short Long Term Debt Total13.6M12.3M18.9M14.7M12.6M16.8M
Net Tangible Assets171.7M358.6M185.9M379.3M436.2M458.0M
Long Term Debt25.2M23.9M694K810K931.5K884.9K
Retained Earnings Total Equity(246.7M)(281.6M)(357.2M)(393.7M)(354.3M)(372.1M)
Long Term Debt Total25.2M23.9M694K810K931.5K884.9K
Capital Surpluse486.1M702.8M1.5B1.5B1.7B1.8B
Deferred Long Term Liab4.2M3.9M5.6M4.5M5.2M4.3M
Intangible Assets65.0M59.9M202.7M174.9M88.6M66.2M
Short Term Debt1.4M3.2M8.4M8.1M10.2M7.5M

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