Canoo Return On Equity from 2010 to 2024

GOEV Stock  USD 0.36  0.01  2.70%   
Canoo Return On Equity yearly trend continues to be fairly stable with very little volatility. Return On Equity is likely to outpace its year average in 2024. Return On Equity is a measure of the profitability of Canoo Inc in relation to the equity, calculated by dividing net income by shareholder's equity. View All Fundamentals
 
Return On Equity  
First Reported
2010-12-31
Previous Quarter
(1.21)
Current Value
(1.15)
Quarterly Volatility
1.1549434
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Canoo financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canoo's main balance sheet or income statement drivers, such as Interest Expense of 7 M, Tax Provision of 0.0 or Depreciation And Amortization of 11.2 M, as well as many indicators such as Price To Sales Ratio of 183, Dividend Yield of 0.0 or PTB Ratio of 0.56. Canoo financial statements analysis is a perfect complement when working with Canoo Valuation or Volatility modules.
  
Check out the analysis of Canoo Correlation against competitors.

Latest Canoo's Return On Equity Growth Pattern

Below is the plot of the Return On Equity of Canoo Inc over the last few years. Return on Equity is the amount of Canoo Inc net income returned as a percentage of Canoo equity. Return on equity measures Canoo profitability by revealing how much profit Canoo Inc generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Canoo's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canoo's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported -0.7310 Years Trend
Pretty Stable
   Return On Equity   
       Timeline  

Canoo Return On Equity Regression Statistics

Arithmetic Mean(0.20)
Geometric Mean0.30
Coefficient Of Variation(582.26)
Mean Deviation0.57
Median(0.14)
Standard Deviation1.15
Sample Variance1.33
Range5.4205
R-Value(0.25)
Mean Square Error1.35
R-Squared0.06
Significance0.37
Slope(0.06)
Total Sum of Squares18.67

Canoo Return On Equity History

2024 -1.15
2023 -1.21
2022 -1.97
2021 -0.71
2020 -0.16
2019 3.45

About Canoo Financial Statements

Canoo investors use historical fundamental indicators, such as Canoo's Return On Equity, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Canoo. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Return On Equity(1.21)(1.15)

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Additional Tools for Canoo Stock Analysis

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