AYRO Capital Expenditures vs Net Income Analysis
| AYRO Stock | USD 0.80 0.06 7.97% |
AYRO financial indicator trend analysis is way more than just evaluating AYRO Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AYRO Inc is a good investment. Please check the relationship between AYRO Capital Expenditures and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AYRO Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Capital Expenditures vs Net Income
Capital Expenditures vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AYRO Inc Capital Expenditures account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between AYRO's Capital Expenditures and Net Income is -0.65. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income in the same time period over historical financial statements of AYRO Inc, assuming nothing else is changed. The correlation between historical values of AYRO's Capital Expenditures and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of AYRO Inc are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Capital Expenditures i.e., AYRO's Capital Expenditures and Net Income go up and down completely randomly.
Correlation Coefficient | -0.65 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Capital Expenditures
Capital Expenditures are funds used by AYRO Inc to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of AYRO operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in AYRO Inc financial statement analysis. It represents the amount of money remaining after all of AYRO Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from AYRO's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AYRO Inc 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AYRO Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 30.27, while Selling General Administrative is likely to drop about 8.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.3K | 23.1M | 26.6M | 25.2M | Depreciation And Amortization | 734.0K | 955.7K | 1.2M | 942.3K |
AYRO fundamental ratios Correlations
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AYRO Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AYRO fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.8M | 42.0M | 78.1M | 55.0M | 52.9M | 55.5M | |
| Short Long Term Debt Total | 1.3M | 1.1M | 1.1M | 859.5K | 699.5K | 664.5K | |
| Other Current Liab | 612.1K | 418.8K | 2.8M | 799.2K | 1.5M | 1.4M | |
| Total Current Liabilities | 2.4M | 1.6M | 3.8M | 2.2M | 4.3M | 8.3M | |
| Total Stockholder Equity | 68.9K | 39.4M | 73.4M | 52.1M | 25.3M | 21.2M | |
| Net Debt | 683.2K | (35.4M) | (68.1M) | (38.2M) | (32.7M) | (31.1M) | |
| Retained Earnings | (14.0M) | (25.2M) | (58.2M) | (81.2M) | (115.3M) | (109.6M) | |
| Non Current Assets Total | 782.2K | 1.9M | 2.0M | 3.1M | 3.9M | 4.1M | |
| Common Stock Shares Outstanding | 367.6K | 1.9M | 4.4M | 4.6M | 4.8M | 5.0M | |
| Liabilities And Stockholders Equity | 2.8M | 42.0M | 78.1M | 55.0M | 52.9M | 32.1M | |
| Non Current Liabilities Total | 318.0K | 1.0M | 859.5K | 693.8K | 23.2M | 24.4M | |
| Other Stockholder Equity | 5.0M | 64.5M | 131.7M | 133.2M | 129.5M | 66.3M | |
| Total Liab | 2.7M | 2.6M | 4.7M | 2.9M | 27.5M | 28.9M | |
| Short Term Debt | 1.0M | 253.8K | 412.9K | 331.5K | 393.4K | 373.7K | |
| Common Stock | 395.0 | 2.7K | 3.7K | 3.7K | 492.0 | 467.4 | |
| Accounts Payable | 772.1K | 767.2K | 647.1K | 1.1M | 2.5M | 1.5M | |
| Property Plant And Equipment Net | 489.4K | 1.7M | 1.8M | 3.0M | 3.8M | 4.0M | |
| Non Currrent Assets Other | 48.8K | 22.5K | 41.3K | 73.7K | 95.5K | 104.8K | |
| Net Receivables | 71.1K | 765.9K | 969.4K | 510.1K | 219K | 208.1K | |
| Other Current Assets | 164.4K | 3.2M | 4.6M | 3.0M | 11.9M | 12.5M | |
| Total Current Assets | 2.0M | 40.1M | 76.2M | 51.9M | 49.0M | 28.0M | |
| Cash | 641.8K | 36.5M | 69.2M | 39.1M | 33.4M | 23.1M | |
| Other Assets | 397.6K | 292.9K | 22.5K | 41.3K | 37.2K | 35.3K | |
| Cash And Short Term Investments | 641.8K | 36.5M | 69.2M | 48.9M | 33.4M | 24.3M | |
| Net Tangible Assets | (4.2M) | (9.0M) | 39.2M | 73.3M | 84.3M | 88.6M | |
| Inventory | 1.1M | 1.2M | 3.7M | 970.4K | 3.4M | 2.4M | |
| Intangible Assets | 659.1K | 244.1K | 143.8K | 88.3K | 79.5K | 75.5K | |
| Property Plant Equipment | 726.0K | 489.4K | 1.7M | 1.8M | 2.1M | 1.1M | |
| Property Plant And Equipment Gross | 489.4K | 1.7M | 3.1M | 4.5M | 6.3M | 6.6M |
Pair Trading with AYRO
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AYRO position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AYRO will appreciate offsetting losses from the drop in the long position's value.Moving against AYRO Stock
| 0.71 | GM | General Motors | PairCorr |
| 0.65 | DORM | Dorman Products | PairCorr |
| 0.63 | WKSP | Worksport | PairCorr |
| 0.53 | GT | Goodyear Tire Rubber | PairCorr |
| 0.48 | WKHS | Workhorse Group | PairCorr |
The ability to find closely correlated positions to AYRO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AYRO when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AYRO - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AYRO Inc to buy it.
The correlation of AYRO is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AYRO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AYRO Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AYRO can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AYRO Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Automotive Parts & 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 AYRO. If investors know AYRO 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 AYRO listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.50) | Revenue Per Share 0.06 | Quarterly Revenue Growth (0.48) | Return On Assets (0.36) | Return On Equity (0.57) |
The market value of AYRO Inc is measured differently than its book value, which is the value of AYRO that is recorded on the company's balance sheet. Investors also form their own opinion of AYRO's value that differs from its market value or its book value, called intrinsic value, which is AYRO'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 AYRO's market value can be influenced by many factors that don't directly affect AYRO'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 AYRO's value and its price as these two are different measures arrived at by different means. Investors typically determine if AYRO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AYRO'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.