Evgo Cash vs Net Receivables Analysis
| EVGO Stock | USD 2.36 0.00 0.00% |
Evgo financial indicator trend analysis is much more than just examining Evgo Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evgo Inc is a good investment. Please check the relationship between Evgo Cash and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evgo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Cash vs Net Receivables
Cash vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evgo Inc Cash account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.
The correlation between Evgo's Cash and Net Receivables is 0.6. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Evgo Inc, assuming nothing else is changed. The correlation between historical values of Evgo's Cash and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Evgo Inc are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Cash i.e., Evgo's Cash and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.6 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Evgo Inc, which is listed under current asset account on Evgo Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Evgo customers. The amounts must be unrestricted with restricted cash listed in a different Evgo account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Net Receivables
Most indicators from Evgo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evgo Inc 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evgo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. As of the 17th of May 2024, Issuance Of Capital Stock is likely to grow to about 151.7 M, while Selling General Administrative is likely to drop about 87.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 83.0M | 143.9M | 154.5M | 98.5M | Cost Of Revenue | 29.0M | 60.2M | 171.3M | 179.9M |
Evgo fundamental ratios Correlations
Click cells to compare fundamentals
Evgo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Evgo fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 29.5K | 12.1M | 111K | 39.4M | 50.1M | 52.6M | |
| Total Current Liabilities | 14.3M | 63.6M | 46.9M | 87.3M | 89.3M | 58.0M | |
| Other Liab | 40.9M | 29.1M | 111.5M | 79.6M | 91.5M | 65.6M | |
| Net Tangible Assets | (84.4M) | (580.6K) | (1.5B) | (449.8M) | (404.8M) | (425.0M) | |
| Retained Earnings | (104.5M) | (47.8M) | (1.4B) | (375.7M) | (248.5M) | (261.0M) | |
| Accounts Payable | 1.8M | 3.0M | 2.9M | 9.1M | 10.1M | 6.2M | |
| Other Assets | 812.4K | 230.0M | 3.4M | 2.6M | 3.0M | 2.8M | |
| Net Receivables | 1.5M | 7.1M | 13.7M | 19.1M | 44.2M | 46.4M | |
| Inventory | 181.5K | 12.0K | 6.4M | 5.0M | 5.7M | 6.0M | |
| Other Current Assets | 94.1K | 333.4K | 1.4M | 5.3M | 13.3M | 13.9M | |
| Total Current Assets | 5.0M | 20.0M | 506.3M | 275.5M | 266.6M | 200.8M | |
| Property Plant Equipment | 61.0M | 71.3M | 133.3M | 360.0M | 414.0M | 434.7M |
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Try AI Portfolio ArchitectCheck out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evgo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Evgo Inc information on this page should be used as a complementary analysis to other Evgo's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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When running Evgo's price analysis, check to measure Evgo'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 Evgo is operating at the current time. Most of Evgo's value examination focuses on studying past and present price action to predict the probability of Evgo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evgo's price. Additionally, you may evaluate how the addition of Evgo to your portfolios can decrease your overall portfolio volatility.
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Is Evgo's 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 Evgo. If investors know Evgo 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 Evgo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.90) | Earnings Share (0.37) | Revenue Per Share 1.927 | Quarterly Revenue Growth 1.18 | Return On Assets (0.11) |
The market value of Evgo Inc is measured differently than its book value, which is the value of Evgo that is recorded on the company's balance sheet. Investors also form their own opinion of Evgo's value that differs from its market value or its book value, called intrinsic value, which is Evgo's 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 Evgo's market value can be influenced by many factors that don't directly affect Evgo's 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 Evgo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evgo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evgo's 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.