Ree Non Current Liabilities Total vs Property Plant Equipment Analysis
REE Stock | USD 7.73 0.03 0.39% |
Ree Automotive financial indicator trend analysis is much more than just breaking down Ree Automotive Holding prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ree Automotive Holding is a good investment. Please check the relationship between Ree Automotive Non Current Liabilities Total and its Property Plant Equipment accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ree Automotive Holding. 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.
Non Current Liabilities Total vs Property Plant Equipment
Non Current Liabilities Total vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ree Automotive Holding Non Current Liabilities Total account and Property Plant Equipment. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Ree Automotive's Non Current Liabilities Total and Property Plant Equipment is 0.82. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Ree Automotive Holding, assuming nothing else is changed. The correlation between historical values of Ree Automotive's Non Current Liabilities Total and Property Plant Equipment 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 Current Liabilities Total of Ree Automotive Holding are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Non Current Liabilities Total i.e., Ree Automotive's Non Current Liabilities Total and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Non Current Liabilities Total
Property Plant Equipment
Most indicators from Ree Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ree Automotive Holding 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ree Automotive Holding. 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. The current year's Tax Provision is expected to grow to about (75 K). In addition to that, Selling General Administrative is expected to decline to about 35 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 423K | 2.8M | 2.6M | 1.8M | Net Interest Income | 423K | 2.8M | 2.6M | 1.8M |
Ree Automotive fundamental ratios Correlations
Click cells to compare fundamentals
Ree Automotive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ree Automotive fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 85K | 2.3M | 16.0M | 8.4M | 14.0M | 7.5M | |
Total Current Liabilities | 1.1M | 3.2M | 20.6M | 20.0M | 35.2M | 36.9M | |
Net Tangible Assets | 27.6M | 45.8M | 250.4M | 175.4M | 201.7M | 112.8M | |
Retained Earnings | (41.5M) | (109.2M) | (614.5M) | (721.9M) | (836.1M) | (794.3M) | |
Accounts Payable | 541K | 970K | 4.5M | 6.2M | 3.7M | 3.0M | |
Net Receivables | 228K | 261K | 12.2M | 2.7M | 740K | 703K | |
Inventory | 378K | 271K | (10.9M) | 9.2M | 463K | 486.2K | |
Other Current Assets | 93K | 1.0M | 138K | 9.3M | 6.7M | 7.0M | |
Total Current Assets | 28.4M | 47.9M | 288.1M | 165.7M | 93.5M | 116.9M | |
Property Plant Equipment | 283K | 755K | 2.7M | 43M | 49.5M | 51.9M |
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 Ree Automotive Holding is a strong investment it is important to analyze Ree Automotive's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ree Automotive's future performance. For an informed investment choice regarding Ree Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ree Automotive Holding. 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. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Apparel, Accessories & Luxury Goods 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 Ree Automotive. If investors know Ree 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 Ree Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (8.84) | Revenue Per Share 0.075 | Quarterly Revenue Growth (1.00) | Return On Assets (0.45) | Return On Equity (0.99) |
The market value of Ree Automotive Holding is measured differently than its book value, which is the value of Ree that is recorded on the company's balance sheet. Investors also form their own opinion of Ree Automotive's value that differs from its market value or its book value, called intrinsic value, which is Ree Automotive'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 Ree Automotive's market value can be influenced by many factors that don't directly affect Ree Automotive'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 Ree Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ree Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ree Automotive'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.