AYRO Gross Profit from 2010 to 2024
| AYRO Stock | USD 0.74 0.01 1.33% |
Gross Profit | First Reported 2005-12-31 | Previous Quarter -1.1 M | Current Value -280.6 K | Quarterly Volatility 3 M |
Check AYRO financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AYRO's main balance sheet or income statement drivers, such as Depreciation And Amortization of 942.3 K, Interest Expense of 25.2 M or Total Revenue of 474 K, as well as many indicators such as Price To Sales Ratio of 15.97, Dividend Yield of 3.8 K or PTB Ratio of 0.31. AYRO financial statements analysis is a perfect complement when working with AYRO Valuation or Volatility modules.
AYRO | Gross Profit |
Latest AYRO's Gross Profit Growth Pattern
Below is the plot of the Gross Profit of AYRO Inc over the last few years. Gross profit is a required income statement account that reflects total revenue of AYRO Inc minus its cost of goods sold. It is profit before AYRO operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. AYRO's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AYRO's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported (2.09 M) | 10 Years Trend |
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Gross Profit |
| Timeline |
AYRO Gross Profit Regression Statistics
| Arithmetic Mean | 3,199,410 | |
| Coefficient Of Variation | 199.43 | |
| Mean Deviation | 4,870,906 | |
| Median | 2,920,000 | |
| Standard Deviation | 6,380,660 | |
| Sample Variance | 40.7T | |
| Range | 22.6M | |
| R-Value | (0.90) | |
| Mean Square Error | 8.1T | |
| R-Squared | 0.82 | |
| Slope | (1,289,050) | |
| Total Sum of Squares | 570T |
AYRO Gross Profit History
Other Fundumenentals of AYRO Inc
AYRO Gross Profit component correlations
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About AYRO Financial Statements
AYRO investors utilize fundamental indicators, such as Gross Profit, to predict how AYRO Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Gross Profit | -4.6 M | -4.4 M | |
| Gross Profit Margin | (9.29) | (8.83) |
Pair Trading with AYRO
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AYRO position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AYRO will appreciate offsetting losses from the drop in the long position's value.Moving against AYRO Stock
| 0.71 | GM | General Motors | PairCorr |
| 0.67 | DORM | Dorman Products | PairCorr |
| 0.66 | WKSP | Worksport | PairCorr |
| 0.53 | GT | Goodyear Tire Rubber | PairCorr |
| 0.49 | WKHS | Workhorse Group | PairCorr |
The ability to find closely correlated positions to AYRO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AYRO when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AYRO - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AYRO Inc to buy it.
The correlation of AYRO is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AYRO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AYRO Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AYRO can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of AYRO Correlation against competitors. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Automotive Parts & 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 AYRO. If investors know AYRO 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 AYRO listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.50) | Revenue Per Share 0.06 | Quarterly Revenue Growth (0.48) | Return On Assets (0.36) | Return On Equity (0.57) |
The market value of AYRO Inc is measured differently than its book value, which is the value of AYRO that is recorded on the company's balance sheet. Investors also form their own opinion of AYRO's value that differs from its market value or its book value, called intrinsic value, which is AYRO'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 AYRO's market value can be influenced by many factors that don't directly affect AYRO'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 AYRO's value and its price as these two are different measures arrived at by different means. Investors typically determine if AYRO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AYRO'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.