Lion Book Value Per Share vs Average Inventory Analysis

LEV Stock

USD 0.18 0.02 10.00%

Lion Electric financial indicator trend analysis is infinitely more than just investigating Lion Electric Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lion Electric Corp is a good investment. Please check the relationship between Lion Electric Book Value Per Share and its Average Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lion Electric 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 income.

Book Value Per Share vs Average Inventory

Book Value Per Share vs Average Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lion Electric Corp Book Value Per Share account and Average Inventory. At this time, the significance of the direction appears to have very week relationship.

The correlation between Lion Electric's Book Value Per Share and Average Inventory is 0.29. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Average Inventory in the same time period over historical financial statements of Lion Electric Corp, assuming nothing else is changed. The correlation between historical values of Lion Electric's Book Value Per Share and Average Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Lion Electric Corp are associated (or correlated) with its Average Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Inventory has no effect on the direction of Book Value Per Share i.e., Lion Electric's Book Value Per Share and Average Inventory go up and down completely randomly.

Correlation Coefficient

0.29

Relationship Direction	Positive
Relationship Strength	Very Weak

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Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

Most indicators from Lion Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lion Electric 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 Lion Electric 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 income.

Enterprise Value is likely to climb to about 1 B in 2024, whereas Selling General Administrative is likely to drop slightly above 44.6 M in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	5.3M	11.5M	21.4M	22.5M
Total Operating Expenses	106.1M	67.8M	108.6M	80.8M

Reconciled Depreciation Total Operating Expenses

Lion Electric fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Long Term Debt Total
Other Current Liab		0.69	-0.33	0.68	-0.69	0.36	-0.28	0.42	0.57	0.49	0.51	0.53	0.21	0.57	0.37	0.53	0.14	0.59	0.34	0.15	-0.82	0.56	0.27	0.78	0.48	0.53
Total Current Liabilities	0.69		0.09	0.95	-0.98	0.77	-0.14	0.85	0.98	0.82	0.96	0.79	0.76	0.97	0.86	0.97	0.73	0.98	0.7	0.79	-0.22	0.95	0.35	0.83	0.83	0.96
Other Liab	-0.33	0.09		0.18	-0.21	0.16	0.92	0.27	0.21	0.37	0.2	0.43	0.56	0.12	0.43	0.1	0.6	0.09	-0.31	0.4	0.59	-0.03	0.69	-0.08	0.15	0.09
Net Tangible Assets	0.68	0.95	0.18		-0.98	0.86	-0.01	0.9	0.96	0.93	0.95	0.92	0.84	0.96	0.91	0.88	0.81	0.95	0.49	0.77	-0.3	0.85	0.57	0.9	0.89	0.94
Retained Earnings	-0.69	-0.98	-0.21	-0.98		-0.8	-0.01	-0.89	-0.97	-0.9	-0.95	-0.89	-0.83	-0.95	-0.91	-0.92	-0.79	-0.96	-0.56	-0.79	0.24	-0.89	-0.52	-0.87	-0.87	-0.93
Accounts Payable	0.36	0.77	0.16	0.86	-0.8		-0.09	0.95	0.83	0.92	0.89	0.85	0.88	0.89	0.91	0.76	0.85	0.86	0.44	0.86	-0.11	0.74	0.47	0.84	0.96	0.88
Other Assets	-0.28	-0.14	0.92	-0.01	-0.01	-0.09		0.01	-0.06	0.19	-0.08	0.29	0.29	-0.15	0.17	-0.21	0.32	-0.18	-0.61	0.06	0.38	-0.33	0.72	-0.19	-0.09	-0.2
Net Receivables	0.42	0.85	0.27	0.9	-0.89	0.95	0.01		0.9	0.96	0.93	0.91	0.94	0.92	0.98	0.84	0.89	0.9	0.51	0.93	-0.04	0.81	0.5	0.86	0.99	0.91
Inventory	0.57	0.98	0.21	0.96	-0.97	0.83	-0.06	0.9		0.87	0.99	0.83	0.86	0.99	0.92	0.97	0.84	0.99	0.68	0.88	-0.08	0.95	0.41	0.8	0.87	0.98
Other Stockholder Equity	0.49	0.82	0.37	0.93	-0.9	0.92	0.19	0.96	0.87		0.88	0.99	0.93	0.88	0.96	0.75	0.89	0.85	0.29	0.83	-0.16	0.7	0.71	0.88	0.94	0.85
Deferred Long Term Liab	0.51	0.96	0.2	0.95	-0.95	0.89	-0.08	0.93	0.99	0.88		0.84	0.88	1.0	0.94	0.96	0.87	0.99	0.67	0.9	-0.06	0.94	0.41	0.81	0.9	0.99
Total Current Assets	0.53	0.79	0.43	0.92	-0.89	0.85	0.29	0.91	0.83	0.99	0.84		0.9	0.83	0.93	0.7	0.86	0.8	0.19	0.76	-0.21	0.63	0.8	0.86	0.89	0.79
Common Stock	0.21	0.76	0.56	0.84	-0.83	0.88	0.29	0.94	0.86	0.93	0.88	0.9		0.85	0.98	0.77	0.99	0.82	0.36	0.95	0.2	0.7	0.64	0.68	0.88	0.83
Property Plant Equipment	0.57	0.97	0.12	0.96	-0.95	0.89	-0.15	0.92	0.99	0.88	1.0	0.83	0.85		0.92	0.96	0.83	1.0	0.68	0.87	-0.14	0.94	0.38	0.84	0.9	1.0
Total Assets	0.37	0.86	0.43	0.91	-0.91	0.91	0.17	0.98	0.92	0.96	0.94	0.93	0.98	0.92		0.85	0.95	0.9	0.45	0.94	0.05	0.79	0.6	0.79	0.94	0.9
Short Long Term Debt Total	0.53	0.97	0.1	0.88	-0.92	0.76	-0.21	0.84	0.97	0.75	0.96	0.7	0.77	0.96	0.85		0.76	0.97	0.82	0.86	-0.02	0.99	0.2	0.72	0.81	0.97
Total Stockholder Equity	0.14	0.73	0.6	0.81	-0.79	0.85	0.32	0.89	0.84	0.89	0.87	0.86	0.99	0.83	0.95	0.76		0.8	0.34	0.93	0.27	0.68	0.63	0.6	0.82	0.82
Property Plant And Equipment Net	0.59	0.98	0.09	0.95	-0.96	0.86	-0.18	0.9	0.99	0.85	0.99	0.8	0.82	1.0	0.9	0.97	0.8		0.72	0.86	-0.15	0.96	0.34	0.83	0.88	1.0
Net Debt	0.34	0.7	-0.31	0.49	-0.56	0.44	-0.61	0.51	0.68	0.29	0.67	0.19	0.36	0.68	0.45	0.82	0.34	0.72		0.61	0.06	0.87	-0.39	0.4	0.5	0.73
Non Current Assets Total	0.15	0.79	0.4	0.77	-0.79	0.86	0.06	0.93	0.88	0.83	0.9	0.76	0.95	0.87	0.94	0.86	0.93	0.86	0.61		0.3	0.82	0.35	0.62	0.88	0.88
Non Currrent Assets Other	-0.82	-0.22	0.59	-0.3	0.24	-0.11	0.38	-0.04	-0.08	-0.16	-0.06	-0.21	0.2	-0.14	0.05	-0.02	0.27	-0.15	0.06	0.3		-0.08	-0.13	-0.55	-0.15	-0.1
Long Term Debt	0.56	0.95	-0.03	0.85	-0.89	0.74	-0.33	0.81	0.95	0.7	0.94	0.63	0.7	0.94	0.79	0.99	0.68	0.96	0.87	0.82	-0.08		0.1	0.72	0.79	0.96
Cash And Short Term Investments	0.27	0.35	0.69	0.57	-0.52	0.47	0.72	0.5	0.41	0.71	0.41	0.8	0.64	0.38	0.6	0.2	0.63	0.34	-0.39	0.35	-0.13	0.1		0.48	0.45	0.31
Common Stock Shares Outstanding	0.78	0.83	-0.08	0.9	-0.87	0.84	-0.19	0.86	0.8	0.88	0.81	0.86	0.68	0.84	0.79	0.72	0.6	0.83	0.4	0.62	-0.55	0.72	0.48		0.9	0.81
Short Term Investments	0.48	0.83	0.15	0.89	-0.87	0.96	-0.09	0.99	0.87	0.94	0.9	0.89	0.88	0.9	0.94	0.81	0.82	0.88	0.5	0.88	-0.15	0.79	0.45	0.9		0.89
Long Term Debt Total	0.53	0.96	0.09	0.94	-0.93	0.88	-0.2	0.91	0.98	0.85	0.99	0.79	0.83	1.0	0.9	0.97	0.82	1.0	0.73	0.88	-0.1	0.96	0.31	0.81	0.89

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Lion Electric Account Relationship Matchups

Lion Electric fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	3.7M	(64.8M)	17.3M	(635.0K)	36.1M	37.9M
Total Current Liabilities	31.4M	1.1M	61.2M	81.1M	145.7M	153.0M
Other Liab	21.5M	92.5M	106.2M	23.2M	26.7M	25.4M
Net Tangible Assets	(1.5M)	(102.7M)	360.1M	424.3M	487.9M	512.3M
Retained Earnings	(29.1M)	(1.5M)	(169.8M)	(152.0M)	(255.7M)	(243.0M)
Accounts Payable	4.4M	8.2M	25.5M	75.9M	54.4M	31.4M
Other Assets	20.7M	49.3M	87.4M	1.1M	1.2M	1.2M
Net Receivables	7.4M	18.5M	37.9M	63.0M	75.6M	38.4M
Inventory	12.0M	38.1M	116.0M	167.2M	249.6M	262.1M
Other Stockholder Equity	1.0	5.0M	122.6M	134.4M	139.6M	73.8M
Deferred Long Term Liab	20.7M	35.0M	73.3M	138.5M	159.3M	167.3M
Total Current Assets	29.2M	770.1K	401.0M	323.5M	356.7M	206.7M
Common Stock	32.6M	303.1M	418.7M	476.0M	489.4M	320.1M
Property Plant Equipment	9.6M	12.9M	93.6M	221.3M	254.5M	267.2M

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