AYRO Retained Earnings vs Net Receivables Analysis
AYRO Stock | USD 1.12 0.01 0.90% |
AYRO financial indicator trend analysis is way more than just evaluating AYRO Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AYRO Inc is a good investment. Please check the relationship between AYRO Retained Earnings and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AYRO 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 metropolitan statistical area.
Retained Earnings vs Net Receivables
Retained Earnings vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AYRO Inc Retained Earnings account and Net Receivables. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between AYRO's Retained Earnings and Net Receivables is -0.01. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Receivables in the same time period over historical financial statements of AYRO Inc, assuming nothing else is changed. The correlation between historical values of AYRO's Retained Earnings 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 Retained Earnings of AYRO 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 Retained Earnings i.e., AYRO's Retained Earnings and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.01 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Net Receivables
Most indicators from AYRO's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AYRO 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AYRO 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 metropolitan statistical area. As of the 3rd of June 2024, Sales General And Administrative To Revenue is likely to grow to 30.27, while Selling General Administrative is likely to drop about 8.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.3K | 23.1M | 26.6M | 25.2M | Depreciation And Amortization | 785.7K | 1.1M | 1.2M | 962.1K |
AYRO fundamental ratios Correlations
Click cells to compare fundamentals
AYRO Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AYRO fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.8M | 42.0M | 78.1M | 55.0M | 52.9M | 55.5M | |
Short Long Term Debt Total | 1.3M | 1.1M | 1.1M | 859.5K | 699.5K | 664.5K | |
Other Current Liab | 612.1K | 665.1K | 3.0M | 964.9K | 1.7M | 1.6M | |
Total Current Liabilities | 2.4M | 1.6M | 3.8M | 2.2M | 4.3M | 8.3M | |
Total Stockholder Equity | 68.9K | 39.4M | 73.4M | 52.1M | 25.3M | 21.2M | |
Net Debt | 683.2K | (35.4M) | (68.1M) | (38.2M) | (42.7M) | (40.6M) | |
Retained Earnings | (14.0M) | (25.2M) | (58.2M) | (81.2M) | (115.3M) | (109.6M) | |
Non Current Assets Total | 782.2K | 1.9M | 2.0M | 3.1M | 3.9M | 4.1M | |
Common Stock Shares Outstanding | 367.6K | 1.9M | 4.4M | 4.6M | 4.8M | 5.0M | |
Liabilities And Stockholders Equity | 2.8M | 42.0M | 78.1M | 55.0M | 52.9M | 32.1M | |
Non Current Liabilities Total | 318.0K | 1.0M | 859.5K | 693.8K | 23.2M | 24.4M | |
Other Stockholder Equity | 5.0M | 64.5M | 131.7M | 133.2M | 140.7M | 147.7M | |
Total Liab | 2.7M | 2.6M | 4.7M | 2.9M | 27.5M | 28.9M | |
Short Term Debt | 1.0M | 130.7K | 206.4K | 165.8K | 196.7K | 186.8K | |
Common Stock | 395.0 | 2.7K | 3.7K | 3.7K | 492.0 | 467.4 | |
Accounts Payable | 772.1K | 767.2K | 647.1K | 1.1M | 2.5M | 1.5M | |
Property Plant And Equipment Net | 489.4K | 1.7M | 1.8M | 3.0M | 3.8M | 4.0M | |
Non Currrent Assets Other | 48.8K | 22.5K | 41.3K | 73.7K | 95.5K | 104.8K | |
Net Receivables | 71.1K | 765.9K | 969.4K | 510.1K | 219K | 208.1K | |
Other Current Assets | 164.4K | 1.6M | 2.3M | 1.5M | 1.9M | 1.6M | |
Total Current Assets | 2.0M | 40.1M | 76.2M | 51.9M | 49.0M | 28.0M | |
Cash | 641.8K | 36.5M | 69.2M | 39.1M | 43.4M | 24.3M | |
Other Assets | 397.6K | 292.9K | 22.5K | 41.3K | 37.2K | 35.3K | |
Cash And Short Term Investments | 641.8K | 36.5M | 69.2M | 48.9M | 43.4M | 25.5M | |
Net Tangible Assets | (4.2M) | (9.0M) | 39.2M | 73.3M | 84.3M | 88.6M | |
Inventory | 1.1M | 1.2M | 3.7M | 970.4K | 3.4M | 2.4M | |
Intangible Assets | 659.1K | 244.1K | 143.8K | 88.3K | 79.5K | 75.5K | |
Property Plant Equipment | 726.0K | 489.4K | 1.7M | 1.8M | 2.1M | 1.1M | |
Property Plant And Equipment Gross | 489.4K | 1.7M | 3.1M | 4.5M | 6.3M | 6.6M |
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Is AYRO'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 AYRO. If investors know AYRO 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 AYRO listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (8.48) | Revenue Per Share 0.092 | Quarterly Revenue Growth (0.48) | Return On Assets (0.35) | Return On Equity (0.94) |
The market value of AYRO Inc is measured differently than its book value, which is the value of AYRO that is recorded on the company's balance sheet. Investors also form their own opinion of AYRO's value that differs from its market value or its book value, called intrinsic value, which is AYRO'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 AYRO's market value can be influenced by many factors that don't directly affect AYRO'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 AYRO's value and its price as these two are different measures arrived at by different means. Investors typically determine if AYRO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AYRO'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.