Vicinity Good Will vs Common Stock Shares Outstanding Analysis

VEV Stock  USD 0  0.0002  11.76%   
Vicinity financial indicator trend analysis is much more than just breaking down Vicinity Motor Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vicinity Motor Corp is a good investment. Please check the relationship between Vicinity Good Will and its Common Stock Shares Outstanding accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vicinity Motor 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.

Good Will vs Common Stock Shares Outstanding

Good Will vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vicinity Motor Corp Good Will account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Vicinity's Good Will and Common Stock Shares Outstanding is -0.66. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Vicinity Motor Corp, assuming nothing else is changed. The correlation between historical values of Vicinity's Good Will and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Vicinity Motor Corp are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Good Will i.e., Vicinity's Good Will and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.66
Relationship DirectionNegative 
Relationship StrengthWeak

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Vicinity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vicinity Motor 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Vicinity Motor 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.
At this time, Vicinity's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.62 in 2024, whereas Tax Provision is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense716K2.3M5.0M5.3M
Depreciation And Amortization1.2M3.0M1.4M1.5M

Vicinity fundamental ratios Correlations

0.970.870.230.910.80.90.830.83-0.950.440.570.870.70.570.48-0.660.640.830.890.270.890.880.870.64-0.86
0.970.890.20.950.810.910.910.84-0.940.390.660.90.580.660.49-0.680.670.840.930.230.920.90.90.68-0.89
0.870.890.050.980.470.850.890.99-0.920.50.40.750.510.40.38-0.890.910.810.980.250.990.851.00.41-0.71
0.230.20.050.190.27-0.12-0.030.020.02-0.080.27-0.170.360.270.710.19-0.170.550.010.360.130.530.04-0.23-0.1
0.910.950.980.190.590.850.920.95-0.920.440.540.780.550.540.49-0.820.820.880.980.280.990.930.980.48-0.78
0.80.810.470.270.590.710.620.38-0.70.170.750.820.520.750.42-0.160.150.590.560.140.530.640.480.84-0.83
0.90.910.85-0.120.850.710.870.83-0.980.350.430.950.440.430.22-0.740.740.630.90.090.850.680.860.68-0.83
0.830.910.89-0.030.920.620.870.85-0.880.480.640.870.360.640.34-0.770.770.70.960.250.920.780.910.64-0.77
0.830.840.990.020.950.380.830.85-0.90.470.280.70.480.280.32-0.910.930.780.950.20.970.80.990.33-0.67
-0.95-0.94-0.920.02-0.92-0.7-0.98-0.88-0.9-0.44-0.45-0.92-0.55-0.45-0.280.76-0.77-0.75-0.94-0.17-0.91-0.78-0.92-0.640.86
0.440.390.5-0.080.440.170.350.480.47-0.440.410.360.450.410.14-0.410.440.220.530.740.450.330.470.32-0.15
0.570.660.40.270.540.750.430.640.28-0.450.410.60.361.00.57-0.150.160.440.530.440.490.60.410.72-0.49
0.870.90.75-0.170.780.820.950.870.7-0.920.360.60.430.60.18-0.610.580.560.830.080.770.620.760.86-0.87
0.70.580.510.360.550.520.440.360.48-0.550.450.360.430.360.46-0.320.190.570.50.450.50.610.490.36-0.47
0.570.660.40.270.540.750.430.640.28-0.450.411.00.60.360.57-0.150.160.440.530.440.490.60.410.72-0.49
0.480.490.380.710.490.420.220.340.32-0.280.140.570.180.460.57-0.140.210.550.370.440.450.690.380.06-0.16
-0.66-0.68-0.890.19-0.82-0.16-0.74-0.77-0.910.76-0.41-0.15-0.61-0.32-0.15-0.14-0.92-0.6-0.86-0.09-0.86-0.62-0.89-0.220.51
0.640.670.91-0.170.820.150.740.770.93-0.770.440.160.580.190.160.21-0.920.580.860.120.870.620.90.18-0.45
0.830.840.810.550.880.590.630.70.78-0.750.220.440.560.570.440.55-0.60.580.770.220.850.960.810.28-0.77
0.890.930.980.010.980.560.90.960.95-0.940.530.530.830.50.530.37-0.860.860.770.30.980.840.980.54-0.75
0.270.230.250.360.280.140.090.250.2-0.170.740.440.080.450.440.44-0.090.120.220.30.260.340.220.060.08
0.890.920.990.130.990.530.850.920.97-0.910.450.490.770.50.490.45-0.860.870.850.980.260.90.990.44-0.74
0.880.90.850.530.930.640.680.780.8-0.780.330.60.620.610.60.69-0.620.620.960.840.340.90.850.36-0.72
0.870.91.00.040.980.480.860.910.99-0.920.470.410.760.490.410.38-0.890.90.810.980.220.990.850.42-0.72
0.640.680.41-0.230.480.840.680.640.33-0.640.320.720.860.360.720.06-0.220.180.280.540.060.440.360.42-0.74
-0.86-0.89-0.71-0.1-0.78-0.83-0.83-0.77-0.670.86-0.15-0.49-0.87-0.47-0.49-0.160.51-0.45-0.77-0.750.08-0.74-0.72-0.72-0.74
Click cells to compare fundamentals

Vicinity Account Relationship Matchups

Vicinity fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding24.2M25.8M30.8M39.7M45.6M47.9M
Total Assets28.3M36.9M54.0M55.0M74.2M77.9M
Short Long Term Debt Total6.2M6.7M7.1M7.2M27.1M28.4M
Other Current Liab7.1M10.7M134K2.8M1.2M1.2M
Total Current Liabilities14.2M18.9M19.4M16.6M43.5M45.7M
Total Stockholder Equity12.8M17.5M34.2M36.8M21.2M13.8M
Property Plant And Equipment Net3.5M3.2M10.8M22.6M23.7M24.9M
Current Deferred Revenue980.9K1.5M3.2M2.4M4.4M4.7M
Net Debt5.6M5.7M2.7M5.6M25.1M26.3M
Retained Earnings(17.5M)(21.4M)(29.7M)(47.6M)(64.3M)(61.1M)
Cash579.7K1.0M4.4M1.6M2.0M1.6M
Non Current Assets Total4.7M4.9M33.2M36.9M33.5M35.2M
Cash And Short Term Investments579.7K1.0M4.4M1.6M2.0M1.6M
Net Receivables7.0M2.0M2.8M2.7M5.6M4.1M
Liabilities And Stockholders Equity28.3M36.9M54.0M55.0M74.2M77.9M
Non Current Liabilities Total1.3M418.8K347K1.6M9.5M10.0M
Inventory14.8M25.6M9.4M10.1M23.3M24.4M
Other Current Assets1.2M2.2M4.2M3.8M9.7M10.2M
Other Stockholder Equity1.8M2.6M6.0M7.1M8.3M8.3M
Total Liab15.5M19.3M19.7M18.2M53.0M55.6M
Total Current Assets23.6M32.0M20.8M18.1M40.6M42.7M
Short Term Debt6.2M6.7M7.1M7.2M27.1M28.4M
Intangible Assets1.2M1.7M22.4M14.3M9.8M7.2M
Other Liab1.8M1.2M256K255K229.5K218.0K
Net Tangible Assets19.2M15.1M20.2M11.9M10.7M13.0M
Net Invested Capital24.7M30.9M41.4M44.0M48.3M38.3M
Property Plant And Equipment Gross4.5M4.0M12.7M25.5M27.8M29.2M
Short Long Term Debt8.0M8.6M7.1M7.2M27.1M28.4M
Net Working Capital12.2M16.7M1.4M1.6M(2.9M)(2.7M)
Common Stock28.4M36.4M58.1M76.0M76.8M52.8M
Property Plant Equipment4.7M4.5M4.0M10.8M12.5M13.1M
Capital Stock28.4M36.4M58.1M76.0M76.8M55.4M

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