GreenPower Return On Assets vs Total Assets Analysis

GP Stock

USD 1.18 0.02 1.67%

GreenPower financial indicator trend analysis is much more than just examining GreenPower Motor latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GreenPower Motor is a good investment. Please check the relationship between GreenPower Return On Assets and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GreenPower Motor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

Return On Assets vs Total Assets

Return On Assets vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GreenPower Motor Return On Assets account and Total Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between GreenPower's Return On Assets and Total Assets is 0.33. Overlapping area represents the amount of variation of Return On Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of GreenPower Motor, assuming nothing else is changed. The correlation between historical values of GreenPower's Return On Assets and Total 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 Return On Assets of GreenPower Motor are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Return On Assets i.e., GreenPower's Return On Assets and Total Assets go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Return On Assets

A profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets.

Total Assets

Total assets refers to the total amount of GreenPower 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 GreenPower Motor 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.

Most indicators from GreenPower's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GreenPower Motor 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 GreenPower Motor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

At this time, GreenPower's Selling General Administrative is relatively stable compared to the past year. As of 05/31/2024, Issuance Of Capital Stock is likely to grow to about 10.3 M, while Sales General And Administrative To Revenue is likely to drop 0.45.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	13.4M	32.4M	37.3M	39.2M
Research Development	1.4M	2.1M	2.4M	2.5M

Cost Of Revenue Research Development

GreenPower fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Current Assets	Other Current Liab	Total Current Liabilities	Net Receivables	Other Current Assets	Total Liab	Property Plant And Equipment Net	Accounts Payable	Inventory	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Property Plant And Equipment Gross	Short Term Debt	Short Term Investments	Non Current Liabilities Total
Total Assets		0.92	0.6	-0.97	0.18	0.95	-0.14	0.18	0.91	0.99	1.0	0.7	0.93	0.96	0.37	0.92	0.93	0.92	0.98	0.99	0.82	0.93	0.95	0.89	-0.69	0.85
Total Stockholder Equity	0.92		0.26	-0.87	0.47	0.83	-0.23	0.47	0.81	0.94	0.93	0.55	0.72	0.82	0.51	0.7	0.76	0.73	0.86	0.96	0.55	0.74	0.78	0.66	-0.52	0.59
Net Debt	0.6	0.26		-0.64	-0.58	0.66	0.13	-0.58	0.6	0.54	0.59	0.6	0.83	0.67	0.07	0.85	0.75	0.75	0.7	0.51	0.9	0.78	0.76	0.88	-0.6	0.89
Retained Earnings	-0.97	-0.87	-0.64		-0.15	-0.96	0.03	-0.15	-0.94	-0.94	-0.96	-0.71	-0.9	-0.9	-0.41	-0.91	-0.92	-0.87	-0.95	-0.96	-0.85	-0.88	-0.92	-0.9	0.54	-0.87
Cash	0.18	0.47	-0.58	-0.15		0.19	0.1	1.0	0.18	0.22	0.18	-0.09	-0.12	0.1	0.02	-0.13	-0.01	-0.05	0.01	0.27	-0.17	-0.13	-0.07	-0.17	0.08	-0.15
Non Current Assets Total	0.95	0.83	0.66	-0.96	0.19		0.09	0.19	0.95	0.92	0.94	0.7	0.91	0.92	0.27	0.92	0.95	0.88	0.92	0.94	0.89	0.87	0.93	0.91	-0.66	0.91
Non Currrent Assets Other	-0.14	-0.23	0.13	0.03	0.1	0.09		0.1	0.03	-0.21	-0.18	-0.28	-0.1	-0.16	-0.13	-0.04	-0.1	-0.2	-0.2	-0.17	0.2	-0.23	-0.19	0.08	0.18	0.13
Cash And Short Term Investments	0.18	0.47	-0.58	-0.15	1.0	0.19	0.1		0.18	0.22	0.18	-0.09	-0.12	0.1	0.02	-0.13	-0.01	-0.05	0.01	0.27	-0.17	-0.13	-0.07	-0.17	0.08	-0.15
Common Stock Shares Outstanding	0.91	0.81	0.6	-0.94	0.18	0.95	0.03	0.18		0.87	0.89	0.76	0.85	0.83	0.36	0.86	0.91	0.82	0.88	0.91	0.82	0.81	0.87	0.84	-0.6	0.83
Other Stockholder Equity	0.99	0.94	0.54	-0.94	0.22	0.92	-0.21	0.22	0.87		0.99	0.68	0.9	0.95	0.37	0.89	0.91	0.91	0.97	0.99	0.77	0.92	0.94	0.85	-0.68	0.8
Total Current Assets	1.0	0.93	0.59	-0.96	0.18	0.94	-0.18	0.18	0.89	0.99		0.69	0.93	0.96	0.38	0.91	0.92	0.92	0.99	0.99	0.8	0.93	0.95	0.88	-0.69	0.84
Other Current Liab	0.7	0.55	0.6	-0.71	-0.09	0.7	-0.28	-0.09	0.76	0.68	0.69		0.74	0.7	0.15	0.74	0.78	0.75	0.73	0.67	0.67	0.75	0.76	0.69	-0.58	0.7
Total Current Liabilities	0.93	0.72	0.83	-0.9	-0.12	0.91	-0.1	-0.12	0.85	0.9	0.93	0.74		0.97	0.18	1.0	0.96	0.98	0.97	0.88	0.94	0.99	0.98	0.98	-0.76	0.95
Net Receivables	0.96	0.82	0.67	-0.9	0.1	0.92	-0.16	0.1	0.83	0.95	0.96	0.7	0.97		0.12	0.95	0.95	0.98	0.96	0.93	0.86	0.97	0.97	0.91	-0.77	0.89
Other Current Assets	0.37	0.51	0.07	-0.41	0.02	0.27	-0.13	0.02	0.36	0.37	0.38	0.15	0.18	0.12		0.16	0.17	0.07	0.38	0.43	0.09	0.2	0.24	0.22	0.0	0.1
Total Liab	0.92	0.7	0.85	-0.91	-0.13	0.92	-0.04	-0.13	0.86	0.89	0.91	0.74	1.0	0.95	0.16		0.96	0.97	0.95	0.87	0.96	0.97	0.97	0.99	-0.75	0.97
Property Plant And Equipment Net	0.93	0.76	0.75	-0.92	-0.01	0.95	-0.1	-0.01	0.91	0.91	0.92	0.78	0.96	0.95	0.17	0.96		0.96	0.94	0.9	0.9	0.95	0.98	0.93	-0.74	0.93
Accounts Payable	0.92	0.73	0.75	-0.87	-0.05	0.88	-0.2	-0.05	0.82	0.91	0.92	0.75	0.98	0.98	0.07	0.97	0.96		0.95	0.88	0.88	0.98	0.98	0.92	-0.79	0.91
Inventory	0.98	0.86	0.7	-0.95	0.01	0.92	-0.2	0.01	0.88	0.97	0.99	0.73	0.97	0.96	0.38	0.95	0.94	0.95		0.96	0.85	0.97	0.98	0.93	-0.72	0.88
Common Stock	0.99	0.96	0.51	-0.96	0.27	0.94	-0.17	0.27	0.91	0.99	0.99	0.67	0.88	0.93	0.43	0.87	0.9	0.88	0.96		0.76	0.88	0.92	0.84	-0.65	0.79
Short Long Term Debt Total	0.82	0.55	0.9	-0.85	-0.17	0.89	0.2	-0.17	0.82	0.77	0.8	0.67	0.94	0.86	0.09	0.96	0.9	0.88	0.85	0.76		0.88	0.89	0.98	-0.68	1.0
Current Deferred Revenue	0.93	0.74	0.78	-0.88	-0.13	0.87	-0.23	-0.13	0.81	0.92	0.93	0.75	0.99	0.97	0.2	0.97	0.95	0.98	0.97	0.88	0.88		0.99	0.94	-0.77	0.9
Property Plant And Equipment Gross	0.95	0.78	0.76	-0.92	-0.07	0.93	-0.19	-0.07	0.87	0.94	0.95	0.76	0.98	0.97	0.24	0.97	0.98	0.98	0.98	0.92	0.89	0.99		0.94	-0.76	0.91
Short Term Debt	0.89	0.66	0.88	-0.9	-0.17	0.91	0.08	-0.17	0.84	0.85	0.88	0.69	0.98	0.91	0.22	0.99	0.93	0.92	0.93	0.84	0.98	0.94	0.94		-0.71	0.98
Short Term Investments	-0.69	-0.52	-0.6	0.54	0.08	-0.66	0.18	0.08	-0.6	-0.68	-0.69	-0.58	-0.76	-0.77	0.0	-0.75	-0.74	-0.79	-0.72	-0.65	-0.68	-0.77	-0.76	-0.71		-0.71
Non Current Liabilities Total	0.85	0.59	0.89	-0.87	-0.15	0.91	0.13	-0.15	0.83	0.8	0.84	0.7	0.95	0.89	0.1	0.97	0.93	0.91	0.88	0.79	1.0	0.9	0.91	0.98	-0.71

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GreenPower Account Relationship Matchups

GreenPower fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.2M	39.6M	49.6M	63.5M	73.1M	76.7M
Total Stockholder Equity	(1.2M)	36.2M	34.4M	27.7M	31.8M	33.4M
Net Debt	11.9M	(14.0M)	5.0M	15.1M	17.4M	18.3M
Retained Earnings	(23.9M)	(31.6M)	(46.4M)	(60.8M)	(54.7M)	(52.0M)
Cash	299.7K	15.1M	884.8K	600.4K	690.5K	655.9K
Non Current Assets Total	5.1M	6.7M	6.5M	9.4M	10.8M	11.3M
Non Currrent Assets Other	1.1M	463.4K	5.2K	(1.3K)	(1.5K)	(1.4K)
Cash And Short Term Investments	299.7K	15.1M	884.8K	600.4K	690.5K	655.9K
Common Stock Shares Outstanding	15.2M	18.1M	21.9M	23.5M	27.1M	28.4M
Liabilities And Stockholders Equity	13.2M	39.6M	49.6M	63.5M	73.1M	76.7M
Other Stockholder Equity	379.5K	8.5M	9.9M	12.9M	14.9M	15.6M
Total Current Assets	8.1M	32.9M	43.1M	54.2M	62.3M	65.4M
Other Current Liab	121.9K	101.3K	316.6K	535.5K	615.8K	646.6K
Total Current Liabilities	7.4M	2.1M	11.5M	26.5M	30.5M	32.0M
Net Receivables	1.1M	4.8M	3.5M	11.6M	13.4M	14.0M
Other Current Assets	174.0K	534.9K	6.5M	328.6K	377.9K	718.4K
Total Liab	14.4M	3.5M	15.2M	35.9M	41.2M	43.3M
Property Plant And Equipment Net	2.4M	2.5M	3.6M	7.5M	8.6M	9.0M
Accounts Payable	1.0M	1.3M	1.7M	7.3M	8.4M	8.9M
Inventory	6.6M	12.5M	32.3M	41.6M	47.9M	50.2M
Accumulated Other Comprehensive Income	5.4M	6.6M	9.9M	12.9M	14.9M	15.6M
Common Stock	16.9M	61.2M	70.8M	75.5M	86.9M	91.2M
Short Long Term Debt Total	12.2M	1.1M	5.9M	15.7M	18.1M	19.0M
Current Deferred Revenue	426.2K	125.0K	3.6M	8.1M	9.3M	9.7M
Property Plant And Equipment Gross	2.4M	2.5M	6.2M	10.7M	12.3M	12.9M
Short Term Debt	5.8M	612.2K	5.9M	10.6M	12.2M	12.8M
Non Current Liabilities Total	7.0M	1.3M	3.7M	9.4M	10.8M	11.3M
Net Tangible Assets	(1.2M)	36.2M	34.4M	27.7M	31.8M	15.9M
Other Assets	2.7M	4.2M	(1.0)	1.9M	2.2M	1.9M
Long Term Debt	4.1M	6.0M	365.3K	608.8K	547.9K	520.5K
Short Long Term Debt	5.5M	346.2K	5.8M	9.9M	11.4M	12.0M
Non Current Liabilities Other	251.9K	573.2K	42.8K	34.3K	39.4K	37.4K
Property Plant Equipment	2.4M	2.5M	3.6M	7.5M	8.6M	9.0M
Other Liab	573.2K	848.5K	3.7M	4.2M	4.8M	5.1M
Net Invested Capital	10.4M	36.9M	40.2M	38.2M	43.9M	25.9M
Net Working Capital	743.1K	30.8M	31.6M	27.7M	31.8M	17.0M
Capital Lease Obligations	659.1K	386.7K	120.6K	5.2M	6.0M	6.3M
Capital Stock	16.9M	61.2M	70.8M	75.5M	86.9M	52.2M

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When determining whether GreenPower Motor is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if GreenPower Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Greenpower Motor Stock. Highlighted below are key reports to facilitate an investment decision about Greenpower Motor Stock:

How To Invest In GreenPower

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Is GreenPower Stock a good investment?

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What is GreenPower's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GreenPower Motor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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When running GreenPower's price analysis, check to measure GreenPower'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 GreenPower is operating at the current time. Most of GreenPower's value examination focuses on studying past and present price action to predict the probability of GreenPower's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GreenPower's price. Additionally, you may evaluate how the addition of GreenPower to your portfolios can decrease your overall portfolio volatility.

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Is GreenPower'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 GreenPower. If investors know GreenPower 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 GreenPower listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.62)

Revenue Per Share

1.995

Quarterly Revenue Growth

(0.36)

Return On Assets

(0.15)

Return On Equity

(0.69)

The market value of GreenPower Motor is measured differently than its book value, which is the value of GreenPower that is recorded on the company's balance sheet. Investors also form their own opinion of GreenPower's value that differs from its market value or its book value, called intrinsic value, which is GreenPower'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 GreenPower's market value can be influenced by many factors that don't directly affect GreenPower'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 GreenPower's value and its price as these two are different measures arrived at by different means. Investors typically determine if GreenPower is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GreenPower'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.

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GreenPower Return On Assets vs Total Assets Analysis

Return On Assets vs Total Assets

Return On Assets vs Total Assets Correlation Analysis

Correlation Coefficient

Return On Assets

Total Assets

GreenPower fundamental ratios Correlations

GreenPower Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GreenPower fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for GreenPower Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Total Current Liabilities
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Other Stockholder Equity	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Assets

Retained Earnings	- 0.97	Total Assets
Common Stock	- 0.96	Retained Earnings
Total Current Assets	- 0.96	Retained Earnings
Non Current Assets Total	- 0.96	Retained Earnings
Inventory	- 0.95	Retained Earnings
Other Stockholder Equity	- 0.94	Retained Earnings