Nikolacorp Stock Working Capital
| NKLA Stock | USD 0.54 0.01 1.89% |
NikolaCorp fundamentals help investors to digest information that contributes to NikolaCorp's financial success or failures. It also enables traders to predict the movement of NikolaCorp Stock. The fundamental analysis module provides a way to measure NikolaCorp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NikolaCorp stock.
| Last Reported | Projected for Next Year | ||
| Net Working Capital | 312.3 M | 260.6 M | |
| Change In Working Capital | -64.6 M | -61.4 M | |
| Working Capital | 0.00 | 0.00 |
NikolaCorp | Working Capital |
NikolaCorp Company Working Capital Analysis
NikolaCorp's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Current NikolaCorp Working Capital | 312.31 M |
Most of NikolaCorp's fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NikolaCorp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
NikolaCorp Working Capital Driver Correlations
Understanding the fundamental principles of building solid financial models for NikolaCorp is extremely important. It helps to project a fair market value of NikolaCorp Stock properly, considering its historical fundamentals such as Working Capital. Since NikolaCorp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NikolaCorp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NikolaCorp's interrelated accounts and indicators.
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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
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NikolaCorp Capital Surpluse
Capital Surpluse |
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Based on the company's disclosures, NikolaCorp has a Working Capital of 312.31 M. This is 3.08% lower than that of the Machinery sector and significantly higher than that of the Industrials industry. The working capital for all United States stocks is 78.87% higher than that of the company.
NikolaCorp Working Capital Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NikolaCorp's direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NikolaCorp could also be used in its relative valuation, which is a method of valuing NikolaCorp by comparing valuation metrics of similar companies.NikolaCorp is currently under evaluation in working capital category among related companies.
NikolaCorp Current Valuation Drivers
We derive many important indicators used in calculating different scores of NikolaCorp from analyzing NikolaCorp's financial statements. These drivers represent accounts that assess NikolaCorp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of NikolaCorp's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.7B | 5.1B | 3.9B | 954.3M | 699.9M | 664.9M | |
| Enterprise Value | 2.6B | 4.3B | 3.5B | 1.1B | 518.8M | 492.8M |
NikolaCorp Fundamentals
| Return On Equity | -1.53 | |||
| Return On Asset | -0.35 | |||
| Operating Margin | (19.39) % | |||
| Current Valuation | 647.45 M | |||
| Shares Outstanding | 1.36 B | |||
| Shares Owned By Insiders | 5.36 % | |||
| Shares Owned By Institutions | 32.25 % | |||
| Number Of Shares Shorted | 230.69 M | |||
| Price To Book | 1.30 X | |||
| Price To Sales | 26.10 X | |||
| Revenue | 35.84 M | |||
| Gross Profit | (104.76 M) | |||
| EBITDA | (606.6 M) | |||
| Net Income | (864.62 M) | |||
| Cash And Equivalents | 319.94 M | |||
| Cash Per Share | 0.67 X | |||
| Total Debt | 284.86 M | |||
| Debt To Equity | 0.54 % | |||
| Current Ratio | 1.75 X | |||
| Book Value Per Share | 0.44 X | |||
| Cash Flow From Operations | (501.14 M) | |||
| Short Ratio | 2.26 X | |||
| Earnings Per Share | (1.06) X | |||
| Price To Earnings To Growth | (0.10) X | |||
| Target Price | 1.64 | |||
| Number Of Employees | 870 | |||
| Beta | 2.1 | |||
| Market Capitalization | 714.9 M | |||
| Total Asset | 1.31 B | |||
| Retained Earnings | (3.07 B) | |||
| Working Capital | 312.31 M | |||
| Net Asset | 1.31 B |
About NikolaCorp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NikolaCorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NikolaCorp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NikolaCorp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether NikolaCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NikolaCorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nikolacorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikolacorp Stock:Check out NikolaCorp Piotroski F Score and NikolaCorp Altman Z Score analysis. For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
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When running NikolaCorp's price analysis, check to measure NikolaCorp'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 NikolaCorp is operating at the current time. Most of NikolaCorp's value examination focuses on studying past and present price action to predict the probability of NikolaCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NikolaCorp's price. Additionally, you may evaluate how the addition of NikolaCorp to your portfolios can decrease your overall portfolio volatility.
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Is NikolaCorp'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 NikolaCorp. If investors know NikolaCorp 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 NikolaCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.06) | Revenue Per Share 0.033 | Quarterly Revenue Growth (0.30) | Return On Assets (0.35) | Return On Equity (1.53) |
The market value of NikolaCorp is measured differently than its book value, which is the value of NikolaCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NikolaCorp's value that differs from its market value or its book value, called intrinsic value, which is NikolaCorp'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 NikolaCorp's market value can be influenced by many factors that don't directly affect NikolaCorp'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 NikolaCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NikolaCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NikolaCorp'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.