Canoo Total Assets vs Net Invested Capital Analysis
GOEVW Stock | USD 0.07 0 3.35% |
Canoo Holdings financial indicator trend analysis is way more than just evaluating Canoo Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canoo Holdings is a good investment. Please check the relationship between Canoo Holdings Total Assets and its Net Invested Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Canoo Stock please use our How to Invest in Canoo Holdings guide.
Total Assets vs Net Invested Capital
Total Assets vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canoo Holdings Total Assets account and Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Canoo Holdings' Total Assets and Net Invested Capital is 0.98. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Canoo Holdings, assuming nothing else is changed. The correlation between historical values of Canoo Holdings' Total Assets and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Canoo Holdings are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Assets i.e., Canoo Holdings' Total Assets and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of Canoo Holdings assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Canoo Holdings books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from Canoo Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canoo Holdings 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Canoo Stock please use our How to Invest in Canoo Holdings guide.Selling General Administrative is likely to drop to about 104 M in 2024. Tax Provision is likely to drop to 0.00 in 2024
2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 8.9M | 11.6M | 13.2M | 10.0M | Total Operating Expenses | 449.9M | 506.8M | 252.5M | 348.6M |
Canoo Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Canoo Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canoo Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 72.1M | 753.5M | 523.1M | 496.5M | 542.0M | 437.7M | |
Total Current Liabilities | 10.4M | 27.9M | 136.2M | 218.3M | 184.4M | 105.9M | |
Total Stockholder Equity | (55.9M) | 571.9M | 344.0M | 236.6M | 249.6M | 246.8M | |
Retained Earnings | (258.7M) | (348.5M) | (692.1M) | (1.2B) | (1.5B) | (1.4B) | |
Accounts Payable | 2.3M | 17.2M | 52.3M | 103.2M | 65.3M | 44.1M | |
Cash And Short Term Investments | 29.0M | 702.4M | 224.7M | 36.6M | 10.3M | 9.8M | |
Total Liab | 127.9M | 181.6M | 179.1M | 259.9M | 292.4M | 190.9M | |
Total Current Assets | 31.3M | 708.9M | 291.3M | 52.3M | 32.6M | 30.9M | |
Short Term Debt | 368K | 444K | 788K | 34.8M | 54.3M | 57.0M |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Canoo Stock please use our How to Invest in Canoo Holdings guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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When running Canoo Holdings' price analysis, check to measure Canoo Holdings' 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 Canoo Holdings is operating at the current time. Most of Canoo Holdings' value examination focuses on studying past and present price action to predict the probability of Canoo Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo Holdings' price. Additionally, you may evaluate how the addition of Canoo Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Canoo Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canoo Holdings. If investors know Canoo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canoo Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.035 | Return On Assets (0.32) | Return On Equity (1.26) |
The market value of Canoo Holdings is measured differently than its book value, which is the value of Canoo that is recorded on the company's balance sheet. Investors also form their own opinion of Canoo Holdings' value that differs from its market value or its book value, called intrinsic value, which is Canoo Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canoo Holdings' market value can be influenced by many factors that don't directly affect Canoo Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canoo Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Canoo Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canoo Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.