Commercial Non Currrent Assets Other vs Property Plant And Equipment Gross Analysis

CVGI Stock  USD 2.46  0.02  0.81%   
Commercial Vehicle financial indicator trend analysis is way more than just evaluating Commercial Vehicle prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Commercial Vehicle is a good investment. Please check the relationship between Commercial Vehicle Non Currrent Assets Other and its Property Plant And Equipment Gross accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commercial Vehicle Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Non Currrent Assets Other vs Property Plant And Equipment Gross

Non Currrent Assets Other vs Property Plant And Equipment Gross Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Commercial Vehicle Non Currrent Assets Other account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Commercial Vehicle's Non Currrent Assets Other and Property Plant And Equipment Gross is -0.12. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Commercial Vehicle Group, assuming nothing else is changed. The correlation between historical values of Commercial Vehicle's Non Currrent Assets Other and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Commercial Vehicle Group are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Non Currrent Assets Other i.e., Commercial Vehicle's Non Currrent Assets Other and Property Plant And Equipment Gross go up and down completely randomly.

Correlation Coefficient

-0.12
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Property Plant And Equipment Gross

Most indicators from Commercial Vehicle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Commercial Vehicle 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 Commercial Vehicle Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
As of now, Commercial Vehicle's Tax Provision is increasing as compared to previous years. The Commercial Vehicle's current Sales General And Administrative To Revenue is estimated to increase to 0.07, while Selling General Administrative is projected to decrease to under 62 M.
 2021 2022 2023 2024 (projected)
Interest Expense11.2M9.8M10.7M17.0M
Depreciation And Amortization18.5M18.2M17.6M18.5M

Commercial Vehicle fundamental ratios Correlations

0.49-0.750.840.820.60.310.210.740.140.810.40.050.670.110.32-0.010.140.110.88-0.50.830.290.820.420.61
0.49-0.170.330.29-0.4-0.540.440.53-0.580.54-0.160.820.35-0.520.47-0.57-0.7-0.520.280.210.48-0.620.60.860.62
-0.75-0.17-0.95-0.96-0.63-0.4-0.24-0.58-0.5-0.7-0.150.27-0.62-0.460.01-0.01-0.36-0.46-0.790.83-0.91-0.48-0.63-0.25-0.35
0.840.33-0.951.00.580.310.260.70.320.760.12-0.190.710.360.1-0.110.210.360.86-0.80.970.350.770.350.33
0.820.29-0.961.00.60.340.220.680.350.740.12-0.220.710.390.09-0.090.250.390.85-0.820.960.380.730.30.3
0.6-0.4-0.630.580.60.83-0.180.290.680.360.57-0.710.380.59-0.10.520.790.590.68-0.710.430.870.32-0.350.07
0.31-0.54-0.40.310.340.83-0.59-0.20.60.090.52-0.7-0.120.75-0.010.550.950.750.28-0.620.180.95-0.08-0.57-0.1
0.210.44-0.240.260.22-0.18-0.590.460.050.43-0.080.310.42-0.420.01-0.14-0.49-0.420.30.050.33-0.370.480.630.41
0.740.53-0.580.70.680.29-0.20.46-0.110.6-0.040.140.96-0.14-0.05-0.32-0.31-0.140.82-0.30.7-0.190.860.570.44
0.14-0.58-0.50.320.350.680.60.05-0.110.170.32-0.690.040.58-0.120.50.720.580.26-0.610.210.79-0.09-0.41-0.12
0.810.54-0.70.760.740.360.090.430.60.170.370.120.54-0.10.60.02-0.06-0.10.68-0.340.810.140.680.520.53
0.4-0.16-0.150.120.120.570.52-0.08-0.040.320.37-0.290.01-0.140.410.710.49-0.140.35-0.10.070.560.22-0.250.27
0.050.820.27-0.19-0.22-0.71-0.70.310.14-0.690.12-0.29-0.03-0.650.35-0.63-0.79-0.65-0.180.64-0.04-0.770.130.720.53
0.670.35-0.620.710.710.38-0.120.420.960.040.540.01-0.03-0.08-0.13-0.22-0.18-0.080.83-0.40.66-0.070.820.380.28
0.11-0.52-0.460.360.390.590.75-0.42-0.140.58-0.1-0.14-0.65-0.08-0.360.160.761.00.14-0.730.250.73-0.19-0.44-0.3
0.320.470.010.10.09-0.1-0.010.01-0.05-0.120.60.410.35-0.13-0.360.0-0.18-0.360.020.20.19-0.050.10.260.23
-0.01-0.57-0.01-0.11-0.090.520.55-0.14-0.320.50.020.71-0.63-0.220.160.00.650.160.03-0.18-0.150.64-0.11-0.59-0.12
0.14-0.7-0.360.210.250.790.95-0.49-0.310.72-0.060.49-0.79-0.180.76-0.180.650.760.19-0.630.070.98-0.17-0.68-0.2
0.11-0.52-0.460.360.390.590.75-0.42-0.140.58-0.1-0.14-0.65-0.081.0-0.360.160.760.14-0.730.250.73-0.19-0.44-0.3
0.880.28-0.790.860.850.680.280.30.820.260.680.35-0.180.830.140.020.030.190.14-0.630.80.310.810.30.39
-0.50.210.83-0.8-0.82-0.71-0.620.05-0.3-0.61-0.34-0.10.64-0.4-0.730.2-0.18-0.63-0.73-0.63-0.71-0.68-0.380.160.09
0.830.48-0.910.970.960.430.180.330.70.210.810.07-0.040.660.250.19-0.150.070.250.8-0.710.210.780.490.43
0.29-0.62-0.480.350.380.870.95-0.37-0.190.790.140.56-0.77-0.070.73-0.050.640.980.730.31-0.680.21-0.06-0.58-0.11
0.820.6-0.630.770.730.32-0.080.480.86-0.090.680.220.130.82-0.190.1-0.11-0.17-0.190.81-0.380.78-0.060.540.57
0.420.86-0.250.350.3-0.35-0.570.630.57-0.410.52-0.250.720.38-0.440.26-0.59-0.68-0.440.30.160.49-0.580.540.72
0.610.62-0.350.330.30.07-0.10.410.44-0.120.530.270.530.28-0.30.23-0.12-0.2-0.30.390.090.43-0.110.570.72
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Commercial Vehicle Account Relationship Matchups

Commercial Vehicle fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets435.8M454.4M507.7M470.3M483.2M445.5M
Total Stockholder Equity128.7M95.4M126.7M120.0M172.9M102.9M
Other Assets17.2M27.5M29.5M19.8M1.00.95
Common Stock Shares Outstanding30.8M30.9M32.8M32.3M33.6M27.2M
Liabilities And Stockholders Equity435.8M454.4M507.7M470.3M483.2M445.5M
Other Stockholder Equity234.6M237.4M242.4M246.9M249.1M213.6M
Total Liab307.1M359.0M381.0M350.2M310.3M342.6M
Short Long Term Debt Total193.4M179.7M222.5M179.3M173.6M209.5M
Other Current Liab32.1M35.1M34.7M30.2M39.9M31.0M
Total Current Liabilities106.6M164.9M162.1M175.8M145.2M125.2M
Other Liab17.6M25.6M14.8M13.3M15.3M23.3M
Property Plant And Equipment Net108.6M92.8M89.2M94.2M104.8M82.6M
Net Debt153.9M129.2M187.6M147.5M135.8M154.2M
Retained Earnings(60.3M)(97.4M)(73.6M)(95.6M)(46.2M)(48.5M)
Accounts Payable63.1M112.4M101.9M122.1M77.3M78.8M
Cash39.5M50.5M35.0M31.8M37.8M48.8M
Non Current Assets Total179.9M143.8M137.0M130.7M155.5M123.7M
Non Currrent Assets Other3.3M2.3M5.1M7.8M4.8M6.3M
Long Term Debt153.1M144.1M185.6M141.5M126.2M190.2M
Cash And Short Term Investments39.5M50.5M35.0M31.8M37.8M48.8M
Net Receivables115.1M151.1M174.5M152.6M133.9M121.5M
Good Will8.0M7.6M27.8M21.8M19.6M34.3M
Common Stock Total Equity323K313K321K328K377.2K287.1K
Non Current Liabilities Total200.5M194.1M218.9M174.4M165.1M221.2M
Inventory82.9M91.2M141.0M142.5M128.1M91.0M
Other Current Assets18.5M17.7M20.2M12.6M27.9M17.6M
Property Plant And Equipment Gross108.6M92.8M261.8M94.2M292.7M307.3M
Total Current Assets256.0M310.5M370.7M339.6M327.7M280.1M
Accumulated Other Comprehensive Income(46.0M)(45.0M)(42.4M)(31.6M)(30.3M)(31.8M)
Short Term Debt10.9M12.0M19.1M18.5M22.9M16.8M
Intangible Assets25.3M21.8M18.3M14.6M11.2M10.7M
Common Stock323K313K321K328K333K290.7K
Property Plant Equipment73.7M93.6M89.2M67.8M78.0M77.8M
Treasury Stock(9.1M)(10.2M)(11.2M)(13.2M)(11.9M)(11.3M)
Net Tangible Assets128.7M73.6M108.4M105.4M121.2M68.9M
Retained Earnings Total Equity(70.6M)(60.3M)(73.6M)(95.6M)(109.9M)(115.4M)
Long Term Debt Total154.7M153.1M185.6M141.5M127.3M164.9M
Capital Surpluse243.0M245.9M255.6M261.4M300.6M262.2M

Currently Active Assets on Macroaxis

When determining whether Commercial Vehicle offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Commercial Vehicle'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 Commercial Vehicle Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Commercial Vehicle Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commercial Vehicle Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity 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 Commercial Vehicle. If investors know Commercial 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 Commercial Vehicle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.286
Earnings Share
0.82
Revenue Per Share
27.395
Quarterly Revenue Growth
(0.15)
Return On Assets
0.0346
The market value of Commercial Vehicle is measured differently than its book value, which is the value of Commercial that is recorded on the company's balance sheet. Investors also form their own opinion of Commercial Vehicle's value that differs from its market value or its book value, called intrinsic value, which is Commercial Vehicle'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 Commercial Vehicle's market value can be influenced by many factors that don't directly affect Commercial Vehicle'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 Commercial Vehicle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Commercial Vehicle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Commercial Vehicle'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.