Veeva Gross Profit vs Income Tax Expense Analysis

VEEV Stock

USD 234.00 0.15 0.06%

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 Gross Profit and its Income Tax Expense 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.

Gross Profit vs Income Tax Expense

Gross Profit vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Veeva Systems Class Gross Profit account and Income Tax Expense. At this time, the significance of the direction appears to have strong relationship.

The correlation between Veeva Systems' Gross Profit and Income Tax Expense is 0.77. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Tax Expense 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' Gross Profit and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Veeva Systems Class are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Gross Profit i.e., Veeva Systems' Gross Profit and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Veeva Systems Class minus its cost of goods sold. It is profit before Veeva Systems operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Income Tax Expense

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. Tax Provision is likely to climb to about 75.2 M in 2025, whereas Sales General And Administrative To Revenue is likely to drop 0.08 in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	1.5B	1.7B	1.9B	2.0B
Total Revenue	2.2B	2.4B	2.7B	2.9B

Gross Profit Total Revenue

Veeva Systems fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Common Stock Shares Outstanding		0.81	0.87	0.84	0.81	0.83	0.91	0.83	-0.78	0.78	0.79	0.82	0.84	0.74	0.33	0.79	0.84	0.81	-0.33	0.79	0.84	0.84	0.89	0.8	0.64	0.71
Total Assets	0.81		0.96	1.0	1.0	0.92	0.78	1.0	-0.76	1.0	0.96	0.75	0.96	0.97	0.23	1.0	0.99	0.98	-0.4	0.98	1.0	1.0	0.96	1.0	0.88	0.57
Other Current Liab	0.87	0.96		0.97	0.95	0.92	0.89	0.97	-0.82	0.95	0.95	0.82	0.99	0.91	0.38	0.93	0.98	0.98	-0.54	0.94	0.95	0.97	0.98	0.94	0.75	0.76
Total Current Liabilities	0.84	1.0	0.97		1.0	0.93	0.81	1.0	-0.79	0.99	0.96	0.78	0.97	0.97	0.26	0.99	1.0	0.99	-0.42	0.98	0.99	1.0	0.97	0.99	0.87	0.62
Total Stockholder Equity	0.81	1.0	0.95	1.0		0.92	0.76	1.0	-0.75	1.0	0.95	0.74	0.95	0.98	0.21	1.0	0.99	0.97	-0.39	0.97	1.0	1.0	0.95	1.0	0.88	0.56
Other Liab	0.83	0.92	0.92	0.93	0.92		0.74	0.93	-0.7	0.91	0.88	0.69	0.86	0.9	0.28	0.93	0.92	0.89	-0.51	0.88	0.94	0.92	0.9	0.93	0.69	0.5
Property Plant And Equipment Net	0.91	0.78	0.89	0.81	0.76	0.74		0.8	-0.83	0.76	0.82	0.88	0.88	0.71	0.5	0.73	0.83	0.84	-0.47	0.8	0.77	0.81	0.88	0.75	0.58	0.9
Current Deferred Revenue	0.83	1.0	0.97	1.0	1.0	0.93	0.8		-0.78	0.99	0.96	0.77	0.97	0.97	0.25	0.99	1.0	0.98	-0.42	0.98	1.0	1.0	0.97	0.99	0.87	0.61
Net Debt	-0.78	-0.76	-0.82	-0.79	-0.75	-0.7	-0.83	-0.78		-0.75	-0.78	-0.98	-0.79	-0.76	-0.56	-0.72	-0.81	-0.78	0.41	-0.82	-0.75	-0.79	-0.77	-0.74	-0.63	-0.73
Retained Earnings	0.78	1.0	0.95	0.99	1.0	0.91	0.76	0.99	-0.75		0.96	0.74	0.95	0.98	0.22	1.0	0.99	0.98	-0.39	0.98	0.99	0.99	0.94	1.0	0.89	0.56
Accounts Payable	0.79	0.96	0.95	0.96	0.95	0.88	0.82	0.96	-0.78	0.96		0.78	0.96	0.94	0.47	0.94	0.96	0.97	-0.41	0.95	0.94	0.96	0.92	0.95	0.83	0.66
Cash	0.82	0.75	0.82	0.78	0.74	0.69	0.88	0.77	-0.98	0.74	0.78		0.8	0.75	0.56	0.72	0.81	0.78	-0.41	0.82	0.74	0.78	0.77	0.74	0.63	0.76
Non Current Assets Total	0.84	0.96	0.99	0.97	0.95	0.86	0.88	0.97	-0.79	0.95	0.96	0.8		0.91	0.34	0.93	0.97	0.99	-0.47	0.95	0.95	0.97	0.98	0.94	0.81	0.78
Non Currrent Assets Other	0.74	0.97	0.91	0.97	0.98	0.9	0.71	0.97	-0.76	0.98	0.94	0.75	0.91		0.28	0.98	0.96	0.95	-0.35	0.96	0.97	0.97	0.89	0.98	0.87	0.51
Other Assets	0.33	0.23	0.38	0.26	0.21	0.28	0.5	0.25	-0.56	0.22	0.47	0.56	0.34	0.28		0.18	0.29	0.32	-0.27	0.31	0.21	0.27	0.25	0.2	0.08	0.53
Cash And Short Term Investments	0.79	1.0	0.93	0.99	1.0	0.93	0.73	0.99	-0.72	1.0	0.94	0.72	0.93	0.98	0.18		0.98	0.96	-0.36	0.96	0.99	0.99	0.93	1.0	0.89	0.5
Net Receivables	0.84	0.99	0.98	1.0	0.99	0.92	0.83	1.0	-0.81	0.99	0.96	0.81	0.97	0.96	0.29	0.98		0.99	-0.43	0.99	0.99	1.0	0.97	0.99	0.86	0.65
Non Current Liabilities Total	0.81	0.98	0.98	0.99	0.97	0.89	0.84	0.98	-0.78	0.98	0.97	0.78	0.99	0.95	0.32	0.96	0.99		-0.45	0.97	0.97	0.99	0.97	0.97	0.85	0.71
Inventory	-0.33	-0.4	-0.54	-0.42	-0.39	-0.51	-0.47	-0.42	0.41	-0.39	-0.41	-0.41	-0.47	-0.35	-0.27	-0.36	-0.43	-0.45		-0.4	-0.37	-0.42	-0.45	-0.38	-0.01	-0.48
Other Current Assets	0.79	0.98	0.94	0.98	0.97	0.88	0.8	0.98	-0.82	0.98	0.95	0.82	0.95	0.96	0.31	0.96	0.99	0.97	-0.4		0.97	0.98	0.94	0.97	0.89	0.62
Other Stockholder Equity	0.84	1.0	0.95	0.99	1.0	0.94	0.77	1.0	-0.75	0.99	0.94	0.74	0.95	0.97	0.21	0.99	0.99	0.97	-0.37	0.97		0.99	0.96	1.0	0.87	0.56
Total Liab	0.84	1.0	0.97	1.0	1.0	0.92	0.81	1.0	-0.79	0.99	0.96	0.78	0.97	0.97	0.27	0.99	1.0	0.99	-0.42	0.98	0.99		0.97	0.99	0.87	0.63
Property Plant And Equipment Gross	0.89	0.96	0.98	0.97	0.95	0.9	0.88	0.97	-0.77	0.94	0.92	0.77	0.98	0.89	0.25	0.93	0.97	0.97	-0.45	0.94	0.96	0.97		0.94	0.79	0.74
Total Current Assets	0.8	1.0	0.94	0.99	1.0	0.93	0.75	0.99	-0.74	1.0	0.95	0.74	0.94	0.98	0.2	1.0	0.99	0.97	-0.38	0.97	1.0	0.99	0.94		0.89	0.53
Short Term Debt	0.64	0.88	0.75	0.87	0.88	0.69	0.58	0.87	-0.63	0.89	0.83	0.63	0.81	0.87	0.08	0.89	0.86	0.85	-0.01	0.89	0.87	0.87	0.79	0.89		0.4
Intangible Assets	0.71	0.57	0.76	0.62	0.56	0.5	0.9	0.61	-0.73	0.56	0.66	0.76	0.78	0.51	0.53	0.5	0.65	0.71	-0.48	0.62	0.56	0.63	0.74	0.53	0.4

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Veeva Systems Account Relationship Matchups

Veeva Systems fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	160.7M	162.3M	162.4M	163.5M	188.0M	160.8M
Total Assets	3.0B	3.8B	4.8B	5.9B	6.8B	7.1B
Other Current Liab	49.7M	59.0M	68.3M	68.8M	79.1M	83.1M
Total Current Liabilities	716.0M	840.8M	1.0B	1.2B	1.4B	1.4B
Total Stockholder Equity	2.3B	2.9B	3.7B	4.6B	5.3B	5.6B
Other Liab	10.2M	12.4M	20.4M	31.6M	36.3M	38.1M
Property Plant And Equipment Net	110.6M	104.1M	105.2M	104.1M	119.8M	64.8M
Current Deferred Revenue	617.0M	731.7M	869.3M	1.0B	1.2B	1.3B
Net Debt	(667.4M)	(1.1B)	(825.5M)	(647.7M)	(582.9M)	(612.1M)
Retained Earnings	1.3B	1.7B	2.2B	2.7B	3.2B	3.3B
Accounts Payable	23.3M	20.3M	41.7M	31.5M	36.2M	38.1M
Cash	730.5M	1.1B	886.5M	703.5M	809.0M	473.6M
Non Current Assets Total	735.2M	709.3M	835.0M	907.7M	1.0B	1.1B
Non Currrent Assets Other	17.9M	55.0M	67.6M	67.2M	77.3M	81.2M
Other Assets	74.1M	63.3M	207.5M	1.0	1.15	1.09
Cash And Short Term Investments	1.7B	2.4B	3.1B	4.0B	4.6B	4.9B
Net Receivables	611.6M	694.4M	785.2M	888.5M	1.0B	1.1B
Liabilities And Stockholders Equity	3.0B	3.8B	4.8B	5.9B	6.8B	7.1B
Non Current Liabilities Total	63.8M	64.0M	81.2M	87.2M	100.3M	105.3M
Other Current Assets	70.8M	73.4M	81.5M	86.9M	100.0M	105.0M
Other Stockholder Equity	965.7M	1.2B	1.5B	1.9B	2.2B	2.3B
Total Liab	779.7M	904.8M	1.1B	1.3B	1.5B	1.5B
Property Plant And Equipment Gross	110.6M	104.1M	105.2M	140.9M	162.0M	170.1M
Total Current Assets	2.3B	3.1B	4.0B	5.0B	5.8B	6.0B
Accumulated Other Comprehensive Income	992K	(12.0M)	(31.1M)	(10.6M)	(9.6M)	(9.1M)
Short Term Debt	23.5M	22.0M	22.6M	29.8M	34.3M	36.0M
Intangible Assets	114.6M	101.9M	82.5M	63.0M	72.5M	55.5M
Property Plant Equipment	54.8M	110.6M	104.1M	105.2M	120.9M	127.0M
Short Term Investments	933.1M	1.2B	2.2B	3.3B	3.8B	4.0B
Net Tangible Assets	1.1B	1.7B	2.4B	3.2B	3.7B	3.9B
Deferred Long Term Liab	2.4M	42.1M	33.1M	31.8M	36.6M	21.5M
Non Current Liabilities Other	10.6M	18.2M	30.1M	38.7M	44.5M	46.8M
Net Invested Capital	2.3B	2.9B	3.7B	4.6B	5.3B	2.7B
Net Working Capital	1.6B	2.3B	3.0B	3.8B	4.4B	4.6B
Short Long Term Debt Total	63.1M	54.6M	61.0M	55.8M	50.2M	46.3M

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