Envirotech Free Cash Flow Yield vs Capex To Depreciation Analysis

EVTV Stock

USD 1.71 0.01 0.59%

Envirotech Vehicles financial indicator trend analysis is much more than just examining Envirotech Vehicles latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Envirotech Vehicles is a good investment. Please check the relationship between Envirotech Vehicles Free Cash Flow Yield and its Capex To Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envirotech Vehicles. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Envirotech Stock please use our How to Invest in Envirotech Vehicles guide.

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Envirotech Vehicles Free Cash Flow Yield account and Capex To Depreciation. At this time, the significance of the direction appears to have no relationship.

The correlation between Envirotech Vehicles' Free Cash Flow Yield and Capex To Depreciation is 0.03. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Envirotech Vehicles, assuming nothing else is changed. The correlation between historical values of Envirotech Vehicles' Free Cash Flow Yield and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Envirotech Vehicles are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Free Cash Flow Yield i.e., Envirotech Vehicles' Free Cash Flow Yield and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.03

Relationship Direction	Positive
Relationship Strength	Insignificant

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Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Envirotech Vehicles' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Envirotech Vehicles 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 Envirotech Vehicles. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Envirotech Stock please use our How to Invest in Envirotech Vehicles guide.Selling General Administrative is likely to drop to about 6.9 M in 2024. Tax Provision is expected to grow at the current pace this year

	2021	2022	2023	2024 (projected)
Gross Profit	761.4K	1.7M	876.8K	841.7K
Total Revenue	2.0M	4.5M	2.9M	5.1M

Gross Profit Total Revenue

Envirotech Vehicles fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments	Current Deferred Revenue	Net Tangible Assets
Total Assets		-0.45	-0.12	-0.37	1.0	-0.03	-0.68	0.25	0.4	0.36	0.99	-0.51	0.59	0.51	-0.59	-0.79	0.53	0.79	0.61	-0.43	0.93	-0.47	0.54	0.54	-0.83	0.86
Short Long Term Debt Total	-0.45		-0.09	0.91	-0.49	-0.26	0.5	-0.48	-0.22	0.4	-0.49	0.79	0.13	-0.14	0.22	0.31	-0.41	-0.28	-0.5	0.92	-0.32	0.98	0.01	-0.03	0.53	-0.54
Other Current Liab	-0.12	-0.09		0.22	-0.13	-0.69	-0.35	0.81	-0.31	0.14	-0.03	0.32	0.34	-0.59	0.08	0.0	-0.67	0.39	-0.1	0.21	-0.31	0.02	0.31	-0.01	0.49	-0.44
Total Current Liabilities	-0.37	0.91	0.22		-0.43	-0.47	0.42	-0.24	-0.05	0.35	-0.41	0.75	0.24	-0.39	-0.02	0.11	-0.42	-0.11	-0.26	1.0	-0.27	0.9	0.0	-0.18	0.5	-0.5
Total Stockholder Equity	1.0	-0.49	-0.13	-0.43		-0.01	-0.69	0.26	0.39	0.34	0.99	-0.55	0.56	0.53	-0.57	-0.77	0.54	0.78	0.61	-0.48	0.93	-0.52	0.53	0.54	-0.83	0.86
Property Plant And Equipment Net	-0.03	-0.26	-0.69	-0.47	-0.01		0.28	-0.43	0.12	-0.67	-0.02	-0.44	-0.58	0.05	-0.03	0.26	0.54	-0.35	0.09	-0.44	-0.04	-0.37	-0.38	-0.13	-0.37	0.35
Net Debt	-0.68	0.5	-0.35	0.42	-0.69	0.28		-0.53	0.17	-0.49	-0.74	0.09	-0.75	-0.26	-0.05	0.3	0.1	-0.88	-0.11	0.44	-0.49	0.43	-0.82	-0.78	0.26	-0.33
Retained Earnings	0.25	-0.48	0.81	-0.24	0.26	-0.43	-0.53		-0.29	0.05	0.37	-0.17	0.27	-0.26	-0.1	-0.24	-0.37	0.56	0.07	-0.25	-0.03	-0.38	0.43	0.18	0.09	-0.04
Accounts Payable	0.4	-0.22	-0.31	-0.05	0.39	0.12	0.17	-0.29		-0.23	0.29	-0.54	-0.07	0.06	-0.82	-0.63	0.8	0.01	0.92	-0.1	0.61	-0.3	-0.43	-0.44	-0.71	0.7
Cash	0.36	0.4	0.14	0.35	0.34	-0.67	-0.49	0.05	-0.23		0.34	0.48	0.85	0.44	0.17	-0.22	-0.35	0.54	-0.25	0.33	0.38	0.46	0.77	0.72	0.09	-0.06
Non Current Assets Total	0.99	-0.49	-0.03	-0.41	0.99	-0.02	-0.74	0.37	0.29	0.34		-0.5	0.6	0.45	-0.54	-0.73	0.44	0.85	0.55	-0.46	0.86	-0.5	0.61	0.59	-0.77	0.81
Non Currrent Assets Other	-0.51	0.79	0.32	0.75	-0.55	-0.44	0.09	-0.17	-0.54	0.48	-0.5		0.35	-0.31	0.58	0.52	-0.78	-0.06	-0.71	0.78	-0.49	0.83	0.27	0.2	0.8	-0.78
Cash And Short Term Investments	0.59	0.13	0.34	0.24	0.56	-0.58	-0.75	0.27	-0.07	0.85	0.6	0.35		0.18	-0.06	-0.36	-0.25	0.86	0.04	0.2	0.51	0.18	0.87	0.75	-0.09	0.16
Net Receivables	0.51	-0.14	-0.59	-0.39	0.53	0.05	-0.26	-0.26	0.06	0.44	0.45	-0.31	0.18		0.0	-0.39	0.41	0.11	0.03	-0.41	0.62	-0.17	0.25	0.48	-0.51	0.46
Common Stock Shares Outstanding	-0.59	0.22	0.08	-0.02	-0.57	-0.03	-0.05	-0.1	-0.82	0.17	-0.54	0.58	-0.06	0.0		0.82	-0.7	-0.29	-0.89	0.05	-0.65	0.3	0.18	0.3	0.74	-0.73
Non Current Liabilities Total	-0.79	0.31	0.0	0.11	-0.77	0.26	0.3	-0.24	-0.63	-0.22	-0.73	0.52	-0.36	-0.39	0.82		-0.59	-0.5	-0.74	0.19	-0.84	0.36	-0.12	-0.04	0.74	-0.71
Inventory	0.53	-0.41	-0.67	-0.42	0.54	0.54	0.1	-0.37	0.8	-0.35	0.44	-0.78	-0.25	0.41	-0.7	-0.59		-0.04	0.77	-0.47	0.68	-0.53	-0.38	-0.22	-0.91	0.87
Other Current Assets	0.79	-0.28	0.39	-0.11	0.78	-0.35	-0.88	0.56	0.01	0.54	0.85	-0.06	0.86	0.11	-0.29	-0.5	-0.04		0.29	-0.15	0.6	-0.24	0.84	0.7	-0.35	0.43
Other Stockholder Equity	0.61	-0.5	-0.1	-0.26	0.61	0.09	-0.11	0.07	0.92	-0.25	0.55	-0.71	0.04	0.03	-0.89	-0.74	0.77	0.29		-0.32	0.69	-0.55	-0.23	-0.29	-0.8	0.82
Total Liab	-0.43	0.92	0.21	1.0	-0.48	-0.44	0.44	-0.25	-0.1	0.33	-0.46	0.78	0.2	-0.41	0.05	0.19	-0.47	-0.15	-0.32		-0.33	0.92	-0.01	-0.18	0.56	-0.55
Total Current Assets	0.93	-0.32	-0.31	-0.27	0.93	-0.04	-0.49	-0.03	0.61	0.38	0.86	-0.49	0.51	0.62	-0.65	-0.84	0.68	0.6	0.69	-0.33		-0.37	0.33	0.38	-0.88	0.88
Short Term Debt	-0.47	0.98	0.02	0.9	-0.52	-0.37	0.43	-0.38	-0.3	0.46	-0.5	0.83	0.18	-0.17	0.3	0.36	-0.53	-0.24	-0.55	0.92	-0.37		0.09	0.01	0.61	-0.61
Common Stock	0.54	0.01	0.31	0.0	0.53	-0.38	-0.82	0.43	-0.43	0.77	0.61	0.27	0.87	0.25	0.18	-0.12	-0.38	0.84	-0.23	-0.01	0.33	0.09		0.93	0.0	0.08
Short Term Investments	0.54	-0.03	-0.01	-0.18	0.54	-0.13	-0.78	0.18	-0.44	0.72	0.59	0.2	0.75	0.48	0.3	-0.04	-0.22	0.7	-0.29	-0.18	0.38	0.01	0.93		-0.11	0.17
Current Deferred Revenue	-0.83	0.53	0.49	0.5	-0.83	-0.37	0.26	0.09	-0.71	0.09	-0.77	0.8	-0.09	-0.51	0.74	0.74	-0.91	-0.35	-0.8	0.56	-0.88	0.61	0.0	-0.11		-0.99
Net Tangible Assets	0.86	-0.54	-0.44	-0.5	0.86	0.35	-0.33	-0.04	0.7	-0.06	0.81	-0.78	0.16	0.46	-0.73	-0.71	0.87	0.43	0.82	-0.55	0.88	-0.61	0.08	0.17	-0.99

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Envirotech Vehicles Account Relationship Matchups

Envirotech Vehicles fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.3M	2.4M	75.3M	33.5M	22.7M	25.2M
Short Long Term Debt Total	5.8M	152.8K	45.0K	806.6K	725.9K	1.4M
Other Current Liab	649.0K	2.0M	1.0M	(308.6K)	(277.7K)	(263.8K)
Total Current Liabilities	6.9M	2.7M	1.6M	1.5M	1.8M	2.3M
Total Stockholder Equity	3.3M	(472.2K)	73.7M	32.0M	20.6M	21.9M
Property Plant And Equipment Net	112K	227.6K	272.1K	368.5K	859.6K	902.6K
Net Debt	1.4M	16.6K	(4.8M)	349.8K	314.9K	330.6K
Retained Earnings	(59.2M)	(472.3K)	(8.1M)	(51.9M)	(64.6M)	(61.4M)
Accounts Payable	418K	345.4K	238.5K	603.7K	760.8K	430.3K
Cash	4.4M	136.2K	4.8M	2.8M	456.7K	433.9K
Non Current Assets Total	681K	469.6K	52.3M	15.1M	10.6M	12.7M
Non Currrent Assets Other	569K	242.0K	236.6K	93.4K	153.6K	249.6K
Cash And Short Term Investments	7.2M	136.2K	12.8M	456.7K	411.0K	390.5K
Net Receivables	701K	9K	1.4M	2.1M	692.1K	1.1M
Common Stock Shares Outstanding	3.6M	0.05	11.5M	15.0M	15.1M	14.3M
Liabilities And Stockholders Equity	10.3M	2.4M	75.3M	22.7M	26.1M	23.3M
Non Current Liabilities Total	148K	152.8K	15.7K	16.7K	246.0K	124.3K
Other Current Assets	1.2M	1.1M	4.9M	216.9K	776.4K	737.5K
Other Stockholder Equity	61.6M	62.5M	81.9M	85.2M	98.0M	74.0M
Total Liab	7.0M	2.9M	1.6M	1.5M	2.0M	2.4M
Total Current Assets	9.6M	1.9M	23.0M	18.3M	12.1M	12.5M
Short Term Debt	5.8M	204K	31.8K	560.5K	504.5K	479.2K
Short Term Investments	2.8M	0.0	8.0M	2.3M	2.1M	2.6M

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