Skillz Current Deferred Revenue vs Total Current Assets Analysis

SKLZ Stock

USD 5.07 0.56 9.95%

Skillz Platform financial indicator trend analysis is much more than just breaking down Skillz Platform prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skillz Platform is a good investment. Please check the relationship between Skillz Platform Current Deferred Revenue and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skillz Platform. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Skillz Stock please use our How to Invest in Skillz Platform guide.

Current Deferred Revenue vs Total Current Assets

Current Deferred Revenue vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skillz Platform Current Deferred Revenue account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Skillz Platform's Current Deferred Revenue and Total Current Assets is -0.33. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Skillz Platform, assuming nothing else is changed. The correlation between historical values of Skillz Platform's Current Deferred Revenue and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Skillz Platform are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Current Deferred Revenue i.e., Skillz Platform's Current Deferred Revenue and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.33

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Skillz Platform's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skillz Platform 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 Skillz Platform. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Skillz Stock please use our How to Invest in Skillz Platform guide.At this time, Skillz Platform's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.68 in 2024, whereas Selling General Administrative is likely to drop slightly above 86.5 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	1.2M	24.0M	3.2M	6.3M
Depreciation And Amortization	11.7M	13.2M	2.0M	1.9M

Interest Expense Depreciation And Amortization

Skillz Platform fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Common Stock Shares Outstanding	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Total Equity	Non Current Liabilities Total	Other Stockholder Equity	Total Liab
Other Current Liab		0.98	0.98	-0.82	0.43	0.92	0.94	0.84	0.97	0.89	0.74	0.95	0.87	0.93	0.94	0.84	-0.34	0.91	0.83	0.89	0.86	0.97	0.92	0.91	0.97	0.94
Total Current Liabilities	0.98		0.98	-0.72	0.6	0.91	0.91	0.93	0.97	0.87	0.81	0.96	0.91	0.97	0.92	0.86	-0.36	0.88	0.86	0.92	0.91	0.96	0.88	0.86	0.91	0.9
Net Tangible Assets	0.98	0.98		-0.77	0.55	0.95	0.94	0.9	0.97	0.94	0.75	0.93	0.92	0.93	0.88	0.8	-0.43	0.92	0.79	0.93	0.92	0.96	0.92	0.84	0.93	0.89
Retained Earnings	-0.82	-0.72	-0.77		0.05	-0.81	-0.92	-0.47	-0.77	-0.81	-0.26	-0.7	-0.68	-0.63	-0.69	-0.52	0.54	-0.89	-0.47	-0.78	-0.67	-0.8	-0.88	-0.76	-0.93	-0.78
Accounts Payable	0.43	0.6	0.55	0.05		0.5	0.33	0.79	0.49	0.41	0.71	0.5	0.64	0.63	0.37	0.5	-0.25	0.36	0.51	0.56	0.64	0.46	0.37	0.24	0.24	0.31
Other Assets	0.92	0.91	0.95	-0.81	0.5		0.97	0.77	0.91	0.92	0.53	0.81	0.92	0.81	0.73	0.63	-0.65	0.97	0.58	0.97	0.92	0.9	0.98	0.73	0.92	0.78
Common Stock Shares Outstanding	0.94	0.91	0.94	-0.92	0.33	0.97		0.73	0.92	0.92	0.5	0.85	0.89	0.82	0.79	0.66	-0.6	0.99	0.63	0.95	0.89	0.93	0.97	0.82	0.98	0.85
Other Current Assets	0.84	0.93	0.9	-0.47	0.79	0.77	0.73		0.84	0.78	0.9	0.88	0.85	0.94	0.81	0.86	-0.3	0.7	0.85	0.82	0.85	0.84	0.72	0.69	0.7	0.75
Total Current Assets	0.97	0.97	0.97	-0.77	0.49	0.91	0.92	0.84		0.87	0.74	0.98	0.94	0.95	0.91	0.75	-0.32	0.92	0.84	0.93	0.94	1.0	0.86	0.94	0.94	0.96
Common Stock	0.89	0.87	0.94	-0.81	0.41	0.92	0.92	0.78	0.87		0.55	0.79	0.85	0.78	0.73	0.63	-0.57	0.91	0.59	0.9	0.85	0.86	0.91	0.73	0.89	0.77
Property Plant Equipment	0.74	0.81	0.75	-0.26	0.71	0.53	0.5	0.9	0.74	0.55		0.84	0.64	0.89	0.85	0.88	0.14	0.45	0.94	0.57	0.64	0.72	0.48	0.7	0.56	0.73
Total Assets	0.95	0.96	0.93	-0.7	0.5	0.81	0.85	0.88	0.98	0.79	0.84		0.88	0.98	0.96	0.84	-0.17	0.82	0.93	0.86	0.88	0.97	0.77	0.95	0.89	0.97
Short Long Term Debt Total	0.87	0.91	0.92	-0.68	0.64	0.92	0.89	0.85	0.94	0.85	0.64	0.88		0.89	0.73	0.6	-0.52	0.92	0.69	0.98	1.0	0.94	0.83	0.78	0.83	0.82
Total Stockholder Equity	0.93	0.97	0.93	-0.63	0.63	0.81	0.82	0.94	0.95	0.78	0.89	0.98	0.89		0.93	0.87	-0.21	0.79	0.94	0.86	0.89	0.95	0.76	0.88	0.83	0.91
Other Liab	0.94	0.92	0.88	-0.69	0.37	0.73	0.79	0.81	0.91	0.73	0.85	0.96	0.73	0.93		0.92	-0.03	0.73	0.95	0.72	0.72	0.9	0.74	0.93	0.87	0.95
Property Plant And Equipment Net	0.84	0.86	0.8	-0.52	0.5	0.63	0.66	0.86	0.75	0.63	0.88	0.84	0.6	0.87	0.92		-0.05	0.56	0.9	0.6	0.59	0.75	0.67	0.71	0.71	0.76
Net Debt	-0.34	-0.36	-0.43	0.54	-0.25	-0.65	-0.6	-0.3	-0.32	-0.57	0.14	-0.17	-0.52	-0.21	-0.03	-0.05		-0.64	0.13	-0.63	-0.52	-0.35	-0.66	-0.05	-0.43	-0.11
Cash	0.91	0.88	0.92	-0.89	0.36	0.97	0.99	0.7	0.92	0.91	0.45	0.82	0.92	0.79	0.73	0.56	-0.64		0.57	0.97	0.92	0.92	0.95	0.79	0.95	0.83
Non Current Assets Total	0.83	0.86	0.79	-0.47	0.51	0.58	0.63	0.85	0.84	0.59	0.94	0.93	0.69	0.94	0.95	0.9	0.13	0.57		0.63	0.69	0.83	0.55	0.86	0.7	0.88
Non Currrent Assets Other	0.89	0.92	0.93	-0.78	0.56	0.97	0.95	0.82	0.93	0.9	0.57	0.86	0.98	0.86	0.72	0.6	-0.63	0.97	0.63		0.98	0.94	0.91	0.76	0.89	0.81
Long Term Debt	0.86	0.91	0.92	-0.67	0.64	0.92	0.89	0.85	0.94	0.85	0.64	0.88	1.0	0.89	0.72	0.59	-0.52	0.92	0.69	0.98		0.94	0.82	0.78	0.83	0.82
Cash And Short Term Investments	0.97	0.96	0.96	-0.8	0.46	0.9	0.93	0.84	1.0	0.86	0.72	0.97	0.94	0.95	0.9	0.75	-0.35	0.92	0.83	0.94	0.94		0.86	0.94	0.94	0.96
Common Stock Total Equity	0.92	0.88	0.92	-0.88	0.37	0.98	0.97	0.72	0.86	0.91	0.48	0.77	0.83	0.76	0.74	0.67	-0.66	0.95	0.55	0.91	0.82	0.86		0.7	0.94	0.76
Non Current Liabilities Total	0.91	0.86	0.84	-0.76	0.24	0.73	0.82	0.69	0.94	0.73	0.7	0.95	0.78	0.88	0.93	0.71	-0.05	0.79	0.86	0.76	0.78	0.94	0.7		0.9	1.0
Other Stockholder Equity	0.97	0.91	0.93	-0.93	0.24	0.92	0.98	0.7	0.94	0.89	0.56	0.89	0.83	0.83	0.87	0.71	-0.43	0.95	0.7	0.89	0.83	0.94	0.94	0.9		0.92
Total Liab	0.94	0.9	0.89	-0.78	0.31	0.78	0.85	0.75	0.96	0.77	0.73	0.97	0.82	0.91	0.95	0.76	-0.11	0.83	0.88	0.81	0.82	0.96	0.76	1.0	0.92

Click cells to compare fundamentals

Skillz Platform Account Relationship Matchups

Skillz Platform fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	7.5M	25.3M	64.7M	45.7M	51.8M	36.5M
Total Current Liabilities	10.5M	47.4M	86.8M	49.5M	54.8M	47.5M
Net Tangible Assets	18.7M	235.0M	457.7M	278.4M	320.2M	200.5M
Retained Earnings	(90.3M)	(215.3M)	(419.7M)	(873.1M)	(979.8M)	(930.8M)
Accounts Payable	2.9M	22.0M	19.8M	1.7M	1.7M	1.6M
Other Assets	116K	3.9M	3.5M	3.8M	4.3M	2.5M
Other Current Assets	4.4M	10.5M	16.7M	4.7M	6.4M	8.2M
Total Current Assets	35.1M	273.2M	590.6M	501.7M	324.4M	320.8M
Common Stock	29K	37K	40K	41K	47.2K	34.7K
Property Plant Equipment	3.6M	5.3M	24.5M	3.5M	4.0M	3.8M

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Skillz Current Deferred Revenue vs Total Current Assets Analysis

Current Deferred Revenue vs Total Current Assets

Current Deferred Revenue vs Total Current Assets Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Total Current Assets

Skillz Platform fundamental ratios Correlations

Skillz Platform Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Skillz Platform fundamental ratios Accounts

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Additional Tools for Skillz Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Total Current Assets
Long Term Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Non Current Liabilities Total
Cash	+ 0.99	Common Stock Shares Outstanding
Total Current Liabilities	+ 0.98	Other Current Liab
Net Tangible Assets	+ 0.98	Other Current Liab

Other Stockholder Equity	- 0.93	Retained Earnings
Common Stock Shares Outstanding	- 0.92	Retained Earnings
Cash	- 0.89	Retained Earnings
Common Stock Total Equity	- 0.88	Retained Earnings
Retained Earnings	- 0.82	Other Current Liab
Common Stock	- 0.81	Retained Earnings