Luminar Net Working Capital vs Net Tangible Assets Analysis

LAZR Stock

USD 1.43 0.02 1.38%

Luminar Technologies financial indicator trend analysis is infinitely more than just investigating Luminar Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Luminar Technologies is a good investment. Please check the relationship between Luminar Technologies Net Working Capital and its Net Tangible Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luminar Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in Luminar Stock, please use our How to Invest in Luminar Technologies guide.

Net Working Capital vs Net Tangible Assets

Net Working Capital vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Luminar Technologies Net Working Capital account and Net Tangible Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Luminar Technologies' Net Working Capital and Net Tangible Assets is 0.86. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Luminar Technologies, assuming nothing else is changed. The correlation between historical values of Luminar Technologies' Net Working Capital and Net Tangible 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 Net Working Capital of Luminar Technologies are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Working Capital i.e., Luminar Technologies' Net Working Capital and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Working Capital

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Luminar Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Luminar Technologies 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luminar Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in Luminar Stock, please use our How to Invest in Luminar Technologies guide.As of 06/09/2024, Tax Provision is likely to grow to about 1.8 M, while Selling General Administrative is likely to drop slightly above 100.7 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	7.6M	16.8M	33.6M	35.3M
Interest Income	3.5M	5.0M	13.1M	13.8M

Depreciation And Amortization Interest Income

Luminar Technologies fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Total Current Assets	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments
Other Current Liab		0.92	0.41	0.25	-0.98	0.92	0.99	0.89	0.87	0.67	0.99	0.78	0.89	0.2	0.92	0.84	0.95	0.48	0.98	0.58	0.89	0.66	0.85	0.87	0.36	0.72
Total Current Liabilities	0.92		0.4	0.2	-0.88	0.97	0.91	0.76	0.9	0.6	0.91	0.7	0.92	0.16	0.81	0.8	0.92	0.37	0.9	0.65	0.91	0.56	0.87	0.91	0.49	0.63
Other Liab	0.41	0.4		0.69	-0.45	0.58	0.37	0.42	0.71	0.79	0.35	0.77	0.72	0.63	0.29	0.26	0.52	0.82	0.32	0.36	0.73	0.8	0.27	0.67	0.3	0.73
Net Tangible Assets	0.25	0.2	0.69		-0.34	0.41	0.15	0.29	0.46	0.85	0.14	0.78	0.44	0.94	0.09	0.48	0.15	0.91	0.12	0.24	0.46	0.86	0.13	0.56	-0.43	0.78
Retained Earnings	-0.98	-0.88	-0.45	-0.34		-0.92	-0.97	-0.96	-0.89	-0.7	-0.97	-0.8	-0.88	-0.23	-0.95	-0.89	-0.9	-0.58	-0.97	-0.42	-0.87	-0.69	-0.72	-0.88	-0.29	-0.71
Accounts Payable	0.92	0.97	0.58	0.41	-0.92		0.89	0.8	0.97	0.77	0.89	0.85	0.98	0.36	0.8	0.84	0.91	0.59	0.87	0.64	0.97	0.73	0.81	0.98	0.39	0.77
Other Assets	0.99	0.91	0.37	0.15	-0.97	0.89		0.91	0.84	0.58	1.0	0.7	0.86	0.06	0.96	0.8	0.96	0.41	1.0	0.5	0.86	0.57	0.8	0.82	0.45	0.62
Net Receivables	0.89	0.76	0.42	0.29	-0.96	0.8	0.91		0.81	0.58	0.91	0.68	0.77	0.09	0.97	0.82	0.82	0.57	0.92	0.16	0.76	0.59	0.51	0.77	0.3	0.56
Inventory	0.87	0.9	0.71	0.46	-0.89	0.97	0.84	0.81		0.79	0.83	0.85	0.98	0.39	0.78	0.77	0.88	0.68	0.82	0.52	0.97	0.76	0.68	0.98	0.43	0.76
Total Current Assets	0.67	0.6	0.79	0.85	-0.7	0.77	0.58	0.58	0.79		0.57	0.99	0.81	0.84	0.46	0.69	0.6	0.92	0.54	0.58	0.82	1.0	0.57	0.85	-0.07	0.98
Property Plant Equipment	0.99	0.91	0.35	0.14	-0.97	0.89	1.0	0.91	0.83	0.57		0.69	0.85	0.05	0.96	0.8	0.96	0.4	1.0	0.49	0.85	0.55	0.8	0.81	0.44	0.61
Total Assets	0.78	0.7	0.77	0.78	-0.8	0.85	0.7	0.68	0.85	0.99	0.69		0.87	0.75	0.59	0.75	0.71	0.88	0.67	0.6	0.88	0.98	0.65	0.9	0.02	0.98
Short Long Term Debt Total	0.89	0.92	0.72	0.44	-0.88	0.98	0.86	0.77	0.98	0.81	0.85	0.87		0.4	0.75	0.73	0.92	0.64	0.84	0.66	1.0	0.78	0.79	0.97	0.47	0.81
Total Stockholder Equity	0.2	0.16	0.63	0.94	-0.23	0.36	0.06	0.09	0.39	0.84	0.05	0.75	0.4		-0.07	0.38	0.09	0.81	0.02	0.42	0.42	0.84	0.22	0.5	-0.47	0.8
Property Plant And Equipment Net	0.92	0.81	0.29	0.09	-0.95	0.8	0.96	0.97	0.78	0.46	0.96	0.59	0.75	-0.07		0.78	0.88	0.39	0.97	0.24	0.74	0.46	0.61	0.72	0.41	0.47
Current Deferred Revenue	0.84	0.8	0.26	0.48	-0.89	0.84	0.8	0.82	0.77	0.69	0.8	0.75	0.73	0.38	0.78		0.66	0.59	0.8	0.36	0.72	0.67	0.63	0.84	-0.07	0.67
Net Debt	0.95	0.92	0.52	0.15	-0.9	0.91	0.96	0.82	0.88	0.6	0.96	0.71	0.92	0.09	0.88	0.66		0.41	0.95	0.62	0.92	0.59	0.83	0.84	0.61	0.65
Cash	0.48	0.37	0.82	0.91	-0.58	0.59	0.41	0.57	0.68	0.92	0.4	0.88	0.64	0.81	0.39	0.59	0.41		0.38	0.21	0.65	0.93	0.22	0.71	-0.18	0.84
Non Current Assets Total	0.98	0.9	0.32	0.12	-0.97	0.87	1.0	0.92	0.82	0.54	1.0	0.67	0.84	0.02	0.97	0.8	0.95	0.38		0.47	0.83	0.53	0.78	0.8	0.43	0.59
Non Currrent Assets Other	0.58	0.65	0.36	0.24	-0.42	0.64	0.5	0.16	0.52	0.58	0.49	0.6	0.66	0.42	0.24	0.36	0.62	0.21	0.47		0.67	0.54	0.9	0.61	0.26	0.69
Long Term Debt	0.89	0.91	0.73	0.46	-0.87	0.97	0.86	0.76	0.97	0.82	0.85	0.88	1.0	0.42	0.74	0.72	0.92	0.65	0.83	0.67		0.79	0.78	0.97	0.46	0.82
Cash And Short Term Investments	0.66	0.56	0.8	0.86	-0.69	0.73	0.57	0.59	0.76	1.0	0.55	0.98	0.78	0.84	0.46	0.67	0.59	0.93	0.53	0.54	0.79		0.53	0.82	-0.1	0.98
Good Will	0.85	0.87	0.27	0.13	-0.72	0.81	0.8	0.51	0.68	0.57	0.8	0.65	0.79	0.22	0.61	0.63	0.83	0.22	0.78	0.9	0.78	0.53		0.74	0.36	0.68
Common Stock Total Equity	0.87	0.91	0.67	0.56	-0.88	0.98	0.82	0.77	0.98	0.85	0.81	0.9	0.97	0.5	0.72	0.84	0.84	0.71	0.8	0.61	0.97	0.82	0.74		0.29	0.83
Common Stock Shares Outstanding	0.36	0.49	0.3	-0.43	-0.29	0.39	0.45	0.3	0.43	-0.07	0.44	0.02	0.47	-0.47	0.41	-0.07	0.61	-0.18	0.43	0.26	0.46	-0.1	0.36	0.29		-0.05
Short Term Investments	0.72	0.63	0.73	0.78	-0.71	0.77	0.62	0.56	0.76	0.98	0.61	0.98	0.81	0.8	0.47	0.67	0.65	0.84	0.59	0.69	0.82	0.98	0.68	0.83	-0.05

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Luminar Technologies Account Relationship Matchups

Luminar Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	3.3M	8.2M	18.9M	51.0M	49.5M	52.0M
Total Current Liabilities	14.8M	16.6M	39.0M	77.5M	83.9M	45.9M
Other Liab	1.1M	826K	31.8M	7.0M	8.1M	9.4M
Net Tangible Assets	(212.4M)	148.0M	192.5M	(67.3M)	(77.4M)	(73.5M)
Retained Earnings	(222.2M)	(584.5M)	(822.5M)	(1.3B)	(1.8B)	(1.7B)
Accounts Payable	3.5M	6.0M	14.4M	18.6M	21.1M	12.4M
Other Assets	1.8M	1.2M	12.5M	36.3M	41.8M	43.9M
Net Receivables	2.0M	8.2M	13.0M	11.2M	31.6M	33.2M
Inventory	4.0M	3.6M	10.3M	8.8M	12.2M	7.7M
Total Current Assets	41.5M	500.8M	845.4M	554.6M	350.6M	423.5M
Property Plant Equipment	7.9M	7.7M	20.2M	51.5M	59.2M	62.2M

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Luminar Net Working Capital vs Net Tangible Assets Analysis

Net Working Capital vs Net Tangible Assets

Net Working Capital vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Net Working Capital

Net Tangible Assets

Luminar Technologies fundamental ratios Correlations

Luminar Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Luminar Technologies fundamental ratios Accounts

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

Additional Tools for Luminar Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant Equipment	+ 1.0	Other Assets
Non Current Assets Total	+ 1.0	Other Assets
Cash And Short Term Investments	+ 1.0	Total Current Assets
Non Current Assets Total	+ 1.0	Property Plant Equipment
Long Term Debt	+ 1.0	Short Long Term Debt Total
Other Assets	+ 0.99	Other Current Liab

Retained Earnings	- 0.98	Other Current Liab
Non Current Assets Total	- 0.97	Retained Earnings
Property Plant Equipment	- 0.97	Retained Earnings
Other Assets	- 0.97	Retained Earnings
Net Receivables	- 0.96	Retained Earnings
Property Plant And Equipment Net	- 0.95	Retained Earnings