| 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 Price To Sales Ratio and its Days Payables Outstanding 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.
Price To Sales Ratio vs Days Payables Outstanding
Price To Sales Ratio vs Days Payables Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Envirotech Vehicles Price To Sales Ratio account and
Days Payables Outstanding. At this time, the significance of the direction appears to have no relationship.
The correlation between Envirotech Vehicles' Price To Sales Ratio and Days Payables Outstanding is 0.06. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Days Payables Outstanding 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' Price To Sales Ratio and Days Payables Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Envirotech Vehicles are associated (or correlated) with its Days Payables Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Payables Outstanding has no effect on the direction of Price To Sales Ratio i.e., Envirotech Vehicles' Price To Sales Ratio and Days Payables Outstanding go up and down completely randomly.
Correlation Coefficient | 0.06 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Envirotech Vehicles stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Envirotech Vehicles sales, a figure that is much harder to manipulate than other Envirotech Vehicles multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
Days Payables Outstanding
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
Envirotech Vehicles fundamental ratios Correlations
Click cells to compare fundamentals
Envirotech Vehicles Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Envirotech Vehicles fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Envirotech Stock Analysis
When running Envirotech Vehicles' price analysis, check to
measure Envirotech Vehicles' 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 Envirotech Vehicles is operating at the current time. Most of Envirotech Vehicles' value examination focuses on studying past and present price action to
predict the probability of Envirotech Vehicles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envirotech Vehicles' price. Additionally, you may evaluate how the addition of Envirotech Vehicles to your portfolios can decrease your overall portfolio volatility.