Nikola Inventory vs Net Receivables Analysis

NKLA Stock

USD 3.76 0.17 4.33%

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

For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock guide.

Inventory vs Net Receivables

Inventory vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nikola Corp Inventory account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Nikola Corp's Inventory and Net Receivables is 0.9. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Nikola Corp, assuming nothing else is changed. The correlation between historical values of Nikola Corp's Inventory 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 Inventory of Nikola Corp 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 Inventory i.e., Nikola Corp's Inventory and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Inventory

Net Receivables

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

For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock guide.The current year's Selling General Administrative is expected to grow to about 202.3 M, whereas Tax Provision is forecasted to decline to 3,800.

	2023	2024 (projected)
Depreciation And Amortization	35.9M	37.7M
Interest Income	181.8K	172.7K

Depreciation And Amortization Interest Income

Nikola Corp fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock
Total Assets		0.85	0.89	0.9	0.19	0.93	-0.5	-0.87	0.86	0.84	0.38	0.87	0.9	0.84	0.78	0.95	-0.97	0.73	0.83	0.95	0.73	0.63	0.92	0.88	0.91	0.8
Other Current Liab	0.85		0.9	0.61	0.08	0.67	-0.12	-0.99	0.79	0.54	0.59	0.78	0.89	0.54	0.96	0.83	-0.81	0.7	1.0	0.95	0.81	0.7	0.96	0.91	0.64	0.93
Total Current Liabilities	0.89	0.9		0.61	0.19	0.7	-0.09	-0.86	0.94	0.52	0.64	0.85	0.85	0.52	0.89	0.87	-0.83	0.79	0.91	0.88	0.93	0.87	0.84	0.99	0.65	0.71
Total Stockholder Equity	0.9	0.61	0.61		0.2	0.97	-0.82	-0.67	0.65	0.99	0.03	0.73	0.76	0.99	0.48	0.82	-0.93	0.56	0.57	0.82	0.38	0.29	0.78	0.58	0.99	0.68
Other Liab	0.19	0.08	0.19	0.2		0.21	-0.3	-0.08	0.41	0.22	0.0	0.21	0.16	0.22	-0.13	0.21	-0.27	0.72	0.03	0.16	-0.09	0.09	0.12	0.13	0.17	0.01
Net Tangible Assets	0.93	0.67	0.7	0.97	0.21		-0.75	-0.72	0.74	0.97	0.02	0.87	0.87	0.97	0.56	0.92	-0.94	0.63	0.63	0.85	0.49	0.37	0.82	0.68	0.99	0.7
Net Debt	-0.5	-0.12	-0.09	-0.82	-0.3	-0.75		0.21	-0.23	-0.88	0.49	-0.4	-0.41	-0.88	0.07	-0.48	0.59	-0.27	-0.04	-0.39	0.2	0.25	-0.38	-0.05	-0.79	-0.31
Retained Earnings	-0.87	-0.99	-0.86	-0.67	-0.08	-0.72	0.21		-0.74	-0.61	-0.52	-0.78	-0.91	-0.61	-0.93	-0.85	0.83	-0.67	-0.98	-0.97	-0.74	-0.61	-0.98	-0.88	-0.69	-0.96
Accounts Payable	0.86	0.79	0.94	0.65	0.41	0.74	-0.23	-0.74		0.59	0.48	0.86	0.81	0.59	0.74	0.83	-0.86	0.91	0.79	0.83	0.81	0.84	0.77	0.89	0.69	0.58
Cash	0.84	0.54	0.52	0.99	0.22	0.97	-0.88	-0.61	0.59		-0.13	0.73	0.75	1.0	0.39	0.81	-0.88	0.52	0.48	0.76	0.28	0.17	0.73	0.5	0.99	0.64
Non Current Assets Total	0.38	0.59	0.64	0.03	0.0	0.02	0.49	-0.52	0.48	-0.13		0.15	0.22	-0.13	0.66	0.24	-0.31	0.41	0.62	0.44	0.74	0.8	0.38	0.68	0.0	0.33
Non Currrent Assets Other	0.87	0.78	0.85	0.73	0.21	0.87	-0.4	-0.78	0.86	0.73	0.15		0.96	0.73	0.73	0.95	-0.83	0.73	0.77	0.84	0.71	0.57	0.84	0.82	0.8	0.72
Other Assets	0.9	0.89	0.85	0.76	0.16	0.87	-0.41	-0.91	0.81	0.75	0.22	0.96		0.75	0.82	0.97	-0.86	0.71	0.88	0.93	0.69	0.53	0.95	0.84	0.82	0.89
Cash And Short Term Investments	0.84	0.54	0.52	0.99	0.22	0.97	-0.88	-0.61	0.59	1.0	-0.13	0.73	0.75		0.39	0.81	-0.88	0.52	0.48	0.76	0.28	0.17	0.73	0.5	0.99	0.64
Net Receivables	0.78	0.96	0.89	0.48	-0.13	0.56	0.07	-0.93	0.74	0.39	0.66	0.73	0.82	0.39		0.75	-0.71	0.57	0.98	0.88	0.9	0.78	0.88	0.91	0.52	0.85
Common Stock Total Equity	0.95	0.83	0.87	0.82	0.21	0.92	-0.48	-0.85	0.83	0.81	0.24	0.95	0.97	0.81	0.75		-0.89	0.71	0.81	0.91	0.7	0.53	0.91	0.87	0.87	0.81
Common Stock Shares Outstanding	-0.97	-0.81	-0.83	-0.93	-0.27	-0.94	0.59	0.83	-0.86	-0.88	-0.31	-0.83	-0.86	-0.88	-0.71	-0.89		-0.77	-0.78	-0.94	-0.63	-0.58	-0.9	-0.8	-0.93	-0.77
Short Term Investments	0.73	0.7	0.79	0.56	0.72	0.63	-0.27	-0.67	0.91	0.52	0.41	0.73	0.71	0.52	0.57	0.71	-0.77		0.67	0.75	0.58	0.67	0.69	0.74	0.57	0.53
Non Current Liabilities Total	0.83	1.0	0.91	0.57	0.03	0.63	-0.04	-0.98	0.79	0.48	0.62	0.77	0.88	0.48	0.98	0.81	-0.78	0.67		0.93	0.85	0.74	0.94	0.93	0.6	0.9
Capital Surpluse	0.95	0.95	0.88	0.82	0.16	0.85	-0.39	-0.97	0.83	0.76	0.44	0.84	0.93	0.76	0.88	0.91	-0.94	0.75	0.93		0.73	0.63	0.99	0.88	0.83	0.91
Inventory	0.73	0.81	0.93	0.38	-0.09	0.49	0.2	-0.74	0.81	0.28	0.74	0.71	0.69	0.28	0.9	0.7	-0.63	0.58	0.85	0.73		0.93	0.69	0.94	0.43	0.57
Other Current Assets	0.63	0.7	0.87	0.29	0.09	0.37	0.25	-0.61	0.84	0.17	0.8	0.57	0.53	0.17	0.78	0.53	-0.58	0.67	0.74	0.63	0.93		0.55	0.85	0.32	0.39
Other Stockholder Equity	0.92	0.96	0.84	0.78	0.12	0.82	-0.38	-0.98	0.77	0.73	0.38	0.84	0.95	0.73	0.88	0.91	-0.9	0.69	0.94	0.99	0.69	0.55		0.85	0.8	0.96
Total Liab	0.88	0.91	0.99	0.58	0.13	0.68	-0.05	-0.88	0.89	0.5	0.68	0.82	0.84	0.5	0.91	0.87	-0.8	0.74	0.93	0.88	0.94	0.85	0.85		0.63	0.74
Total Current Assets	0.91	0.64	0.65	0.99	0.17	0.99	-0.79	-0.69	0.69	0.99	0.0	0.8	0.82	0.99	0.52	0.87	-0.93	0.57	0.6	0.83	0.43	0.32	0.8	0.63		0.69
Common Stock	0.8	0.93	0.71	0.68	0.01	0.7	-0.31	-0.96	0.58	0.64	0.33	0.72	0.89	0.64	0.85	0.81	-0.77	0.53	0.9	0.91	0.57	0.39	0.96	0.74	0.69

Click cells to compare fundamentals

Nikola Corp Account Relationship Matchups

Nikola Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	229.4M	1.1B	989.8M	1.2B	1.3B	926.4M
Other Current Liab	10.8M	18.8M	85.2M	173.4M	196.5M	206.3M
Total Current Liabilities	16.5M	52.3M	180.6M	383.6M	260.1M	163.8M
Total Stockholder Equity	195.5M	987.5M	693.6M	526.5M	719.2M	615.6M
Other Liab	13.3M	8K	88.3M	6.7M	7.7M	7.4M
Net Tangible Assets	127.8M	932.2M	591.2M	526.5M	605.5M	454.9M
Net Debt	(80.9M)	(822.9M)	(469.8M)	149.6M	(181.1M)	(190.1M)
Retained Earnings	(188.5M)	(573.6M)	(1.3B)	(2.0B)	(3.1B)	(2.9B)
Accounts Payable	5.1M	29.4M	87.0M	117.9M	44.1M	52.0M
Cash	85.7M	840.9M	497.2M	233.4M	465.9M	389.5M
Non Current Assets Total	138.5M	156.8M	465.1M	799.7M	734.7M	507.0M
Non Currrent Assets Other	17.4M	4M	28.9M	162.9M	23.3M	24.4M
Other Assets	17.4M	21.7M	56.5M	159.5M	183.4M	192.6M
Cash And Short Term Investments	85.7M	840.9M	497.2M	233.4M	465.9M	389.5M
Net Receivables	658K	0.0	2.7M	31.9M	27.2M	28.6M
Common Stock Total Equity	27K	39K	41K	51K	58.7K	34.9K
Common Stock Shares Outstanding	262.5M	11.2M	13.3M	14.7M	26.7M	25.3M
Liabilities And Stockholders Equity	229.4M	1.1B	989.8M	1.2B	1.3B	926.4M
Non Current Liabilities Total	17.4M	14.0M	115.6M	326.6M	327.4M	343.7M
Capital Surpluse	5.0M	1.6B	1.9B	2.6B	2.9B	3.1B
Inventory	1.9M	0.0	11.6M	123.2M	62.6M	37.1M
Other Current Assets	2.7M	5.4M	15.9M	37.8M	16.2M	16.1M
Other Stockholder Equity	384.0M	1.6B	1.9B	2.6B	3.8B	4.0B
Total Liab	33.9M	66.2M	296.2M	710.2M	587.5M	310.8M
Total Current Assets	90.9M	896.9M	524.7M	436.9M	571.9M	462.5M
Accumulated Other Comprehensive Income	466.6M	239K	(198K)	(1.6M)	(162K)	(153.9K)
Common Stock	27K	39K	41K	51K	133K	139.7K
Property Plant Equipment	53.4M	71.4M	244.4M	467.7M	537.8M	564.7M

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When determining whether Nikola Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nikola Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nikola Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikola Corp Stock:

How To Invest In Nikola

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Is Nikola Stock a good investment?

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What is Nikola Corp's Net Worth?

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Largest Construction Machinery & Heavy Transportation Equipment Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nikola Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock guide.

You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Is Construction Machinery & Heavy Transportation Equipment space 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 Nikola Corp. If investors know Nikola 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 Nikola Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(12.34)

Revenue Per Share

1.247

Quarterly Revenue Growth

1.039

Return On Assets

(0.34)

Return On Equity

(1.65)

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

Inventory vs Net Receivables

Inventory vs Net Receivables Correlation Analysis

Correlation Coefficient

Inventory

Net Receivables

Nikola Corp fundamental ratios Correlations

Nikola Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nikola Corp fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Retained Earnings	- 0.99	Other Current Liab
Other Stockholder Equity	- 0.98	Retained Earnings
Non Current Liabilities Total	- 0.98	Retained Earnings
Capital Surpluse	- 0.97	Retained Earnings
Common Stock Shares Outstanding	- 0.97	Total Assets
Common Stock	- 0.96	Retained Earnings