Electrovaya Change To Netincome vs Change To Operating Activities Analysis

ELVA Stock   2.58  0.15  5.49%   
Electrovaya Common financial indicator trend analysis is much more than just examining Electrovaya Common Shares latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electrovaya Common Shares is a good investment. Please check the relationship between Electrovaya Common Change To Netincome and its Change To Operating Activities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrovaya Common Shares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Change To Netincome vs Change To Operating Activities

Change To Netincome vs Change To Operating Activities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electrovaya Common Shares Change To Netincome account and Change To Operating Activities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Electrovaya Common's Change To Netincome and Change To Operating Activities is -0.6. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Change To Operating Activities in the same time period over historical financial statements of Electrovaya Common Shares, assuming nothing else is changed. The correlation between historical values of Electrovaya Common's Change To Netincome and Change To Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Electrovaya Common Shares are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Change To Netincome i.e., Electrovaya Common's Change To Netincome and Change To Operating Activities go up and down completely randomly.

Correlation Coefficient

-0.6
Relationship DirectionNegative 
Relationship StrengthWeak

Change To Netincome

Change To Operating Activities

Most indicators from Electrovaya Common's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electrovaya Common Shares 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 Electrovaya Common Shares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
At present, Electrovaya Common's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 129.82, whereas Selling General Administrative is forecasted to decline to about 3 M.
 2021 2022 2023 2024 (projected)
Total Revenue15.6M43.4M49.9M52.4M
Depreciation And Amortization464.4K900.4K810.3K663.7K

Electrovaya Common fundamental ratios Correlations

0.390.570.450.740.35-0.230.570.020.720.020.510.230.640.610.00.610.85-0.20.32-0.12-0.370.45-0.09-0.370.42
0.390.64-0.170.280.58-0.52-0.04-0.150.14-0.150.320.420.130.890.510.680.51-0.230.37-0.22-0.280.59-0.06-0.270.51
0.570.64-0.090.210.84-0.720.53-0.530.29-0.530.680.650.640.70.680.950.74-0.40.210.05-0.540.73-0.12-0.510.71
0.45-0.17-0.090.59-0.460.520.450.480.280.480.470.130.380.08-0.15-0.170.52-0.24-0.29-0.460.1-0.50.220.12-0.12
0.740.280.210.590.030.050.250.110.750.110.360.00.270.48-0.190.250.53-0.040.22-0.45-0.40.080.21-0.40.08
0.350.580.84-0.460.03-0.810.17-0.680.36-0.680.40.440.270.610.650.920.37-0.290.570.41-0.520.93-0.3-0.510.63
-0.23-0.52-0.720.520.05-0.81-0.120.62-0.120.62-0.33-0.51-0.26-0.38-0.57-0.74-0.280.05-0.31-0.140.72-0.770.160.71-0.72
0.57-0.040.530.450.250.17-0.12-0.30.22-0.30.550.380.920.120.120.410.7-0.16-0.21-0.11-0.30.04-0.16-0.280.23
0.02-0.15-0.530.480.11-0.680.62-0.3-0.091.0-0.25-0.31-0.25-0.11-0.42-0.51-0.010.17-0.1-0.230.45-0.50.140.45-0.43
0.720.140.290.280.750.36-0.120.22-0.09-0.090.260.010.170.4-0.170.450.380.070.640.24-0.470.430.02-0.470.07
0.02-0.15-0.530.480.11-0.680.62-0.31.0-0.09-0.25-0.31-0.25-0.11-0.42-0.51-0.010.17-0.1-0.230.45-0.50.140.45-0.43
0.510.320.680.470.360.4-0.330.55-0.250.26-0.250.80.550.460.660.570.73-0.64-0.12-0.18-0.350.230.23-0.320.64
0.230.420.650.130.00.44-0.510.38-0.310.01-0.310.80.340.430.680.540.5-0.35-0.12-0.02-0.370.280.2-0.340.66
0.640.130.640.380.270.27-0.260.92-0.250.17-0.250.550.340.250.240.530.81-0.28-0.15-0.21-0.320.18-0.29-0.310.4
0.610.890.70.080.480.61-0.380.12-0.110.4-0.110.460.430.250.480.760.68-0.340.45-0.14-0.260.61-0.16-0.240.46
0.00.510.68-0.15-0.190.65-0.570.12-0.42-0.17-0.420.660.680.240.480.610.39-0.650.030.04-0.20.43-0.07-0.170.6
0.610.680.95-0.170.250.92-0.740.41-0.510.45-0.510.570.540.530.760.610.68-0.310.490.2-0.570.85-0.25-0.550.64
0.850.510.740.520.530.37-0.280.7-0.010.38-0.010.730.50.810.680.390.68-0.430.07-0.28-0.310.33-0.14-0.290.5
-0.2-0.23-0.4-0.24-0.04-0.290.05-0.160.170.070.17-0.64-0.35-0.28-0.34-0.65-0.31-0.430.180.08-0.3-0.19-0.09-0.33-0.56
0.320.370.21-0.290.220.57-0.31-0.21-0.10.64-0.1-0.12-0.12-0.150.450.030.490.070.180.53-0.30.67-0.45-0.310.04
-0.12-0.220.05-0.46-0.450.41-0.14-0.11-0.230.24-0.23-0.18-0.02-0.21-0.140.040.2-0.280.080.530.090.45-0.250.08-0.04
-0.37-0.28-0.540.1-0.4-0.520.72-0.30.45-0.470.45-0.35-0.37-0.32-0.26-0.2-0.57-0.31-0.3-0.30.09-0.450.021.0-0.33
0.450.590.73-0.50.080.93-0.770.04-0.50.43-0.50.230.280.180.610.430.850.33-0.190.670.45-0.45-0.32-0.440.63
-0.09-0.06-0.120.220.21-0.30.16-0.160.140.020.140.230.2-0.29-0.16-0.07-0.25-0.14-0.09-0.45-0.250.02-0.320.020.02
-0.37-0.27-0.510.12-0.4-0.510.71-0.280.45-0.470.45-0.32-0.34-0.31-0.24-0.17-0.55-0.29-0.33-0.310.081.0-0.440.02-0.32
0.420.510.71-0.120.080.63-0.720.23-0.430.07-0.430.640.660.40.460.60.640.5-0.560.04-0.04-0.330.630.02-0.32
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Electrovaya Common Account Relationship Matchups

Electrovaya Common fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.6M15.0M22.2M36.5M32.9M16.7M
Other Current Liab5.5M3.5M3.7M3.9M4.5M4.7M
Total Current Liabilities16.5M13.5M22.7M26.6M30.6M32.1M
Total Stockholder Equity(8.7M)(1.7M)(6.7M)7.1M6.4M8.6M
Property Plant And Equipment Net2.5M2.9M7.3M10.1M9.1M5.7M
Net Debt11.7M7.3M22.5M18.0M20.7M21.7M
Retained Earnings(119.5M)(127.1M)(129.0M)(130.5M)(117.4M)(111.5M)
Accounts Payable2.2M1.0M1.5M6.0M7.0M7.3M
Cash1.1M4.2M626K1.0M928.8K882.4K
Non Current Assets Total2.6M2.9M7.4M10.6M9.5M6.2M
Cash And Short Term Investments1.1M4.2M626K1.0M928.8K882.4K
Net Receivables2.5M1.3M2.9M10.6M12.2M12.8M
Common Stock Shares Outstanding23.9M28.0M5.9M33.8M38.9M40.9M
Liabilities And Stockholders Equity10.6M15.0M22.2M36.5M32.9M16.7M
Inventory2.0M4.7M7.4M8.3M9.5M10.0M
Other Current Assets2.4M1.8M3.9M6.0M6.9M7.2M
Other Stockholder Equity11.3M9.6M13.6M14.0M12.6M23.7M
Total Liab19.4M16.7M28.9M29.4M33.8M35.5M
Total Current Assets8.1M12.0M14.8M25.9M23.3M24.5M
Non Current Liabilities Total2.9M3.2M6.2M2.8M3.2M3.3M
Accumulated Other Comprehensive Income13.4M13.3M6.1M8.6M9.9M7.1M
Short Long Term Debt Total12.8M11.5M23.1M19.0M21.9M12.4M
Current Deferred Revenue2.1M1.0M70K2.4M2.1M1.2M
Common Stock86.1M102.5M103.3M115.0M132.3M89.6M
Short Term Debt10.1M8.8M17.4M16.7M19.2M10.7M
Net Invested Capital1.2M6.9M10.7M23.5M27.0M28.3M
Short Long Term Debt10.0M8.6M16.6M16.3M18.7M14.1M
Capital Stock86.1M102.5M103.3M115.0M132.3M107.8M
Net Working Capital(8.4M)(1.4M)(5.7M)(705K)(810.8K)(851.3K)

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Electrovaya Common Shares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Electrovaya Common'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 Electrovaya Common Shares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Electrovaya Common Shares Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrovaya Common Shares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Electrical Components & 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 Electrovaya Common. If investors know Electrovaya 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 Electrovaya Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
0.02
Revenue Per Share
1.433
Quarterly Revenue Growth
(0.03)
Return On Assets
0.0318
Return On Equity
0.087
The market value of Electrovaya Common Shares is measured differently than its book value, which is the value of Electrovaya that is recorded on the company's balance sheet. Investors also form their own opinion of Electrovaya Common's value that differs from its market value or its book value, called intrinsic value, which is Electrovaya Common'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 Electrovaya Common's market value can be influenced by many factors that don't directly affect Electrovaya Common'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 Electrovaya Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electrovaya Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrovaya Common'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.