Envirotech Vehicles Stock Return On Equity

EVTV Stock

USD 1.54 0.10 6.94%

Envirotech Vehicles fundamentals help investors to digest information that contributes to Envirotech Vehicles' financial success or failures. It also enables traders to predict the movement of Envirotech Stock. The fundamental analysis module provides a way to measure Envirotech Vehicles' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Envirotech Vehicles stock.

		Last Reported	Projected for Next Year
	Return On Equity	(0.61)	(0.65)

Return On Equity is likely to drop to -0.65 in 2024.

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Envirotech Vehicles Company Return On Equity Analysis

Envirotech Vehicles' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Return On Equity

Net Income

Total Equity

More About Return On Equity | All Equity Analysis

Current Envirotech Vehicles Return On Equity

-0.62

Most of Envirotech Vehicles' fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Envirotech Vehicles is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Envirotech Return On Equity Driver Correlations

Understanding the fundamental principles of building solid financial models for Envirotech Vehicles is extremely important. It helps to project a fair market value of Envirotech Stock properly, considering its historical fundamentals such as Return On Equity. Since Envirotech Vehicles' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Envirotech Vehicles' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Envirotech Vehicles' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments	Current Deferred Revenue	Net Tangible Assets	Long Term Debt	Net Invested Capital	Capital Stock	Net Working Capital	Property Plant Equipment	Short Long Term Debt	Intangible Assets
Total Assets		1.0	-0.68	0.25	0.4	0.51	-0.43	0.93	-0.46	0.54	0.54	-0.83	0.86	-0.79	0.98	0.89	0.92	0.81	0.32	-0.19
Total Stockholder Equity	1.0		-0.69	0.26	0.39	0.53	-0.48	0.93	-0.5	0.53	0.54	-0.83	0.86	-0.8	0.98	0.89	0.93	0.81	0.33	-0.19
Net Debt	-0.68	-0.69		-0.53	0.17	-0.26	0.44	-0.49	0.42	-0.82	-0.78	0.26	-0.33	0.22	-0.6	-0.86	-0.42	-0.27	0.29	-0.21
Retained Earnings	0.25	0.26	-0.53		-0.29	-0.26	-0.25	-0.03	-0.37	0.43	0.18	0.09	-0.04	0.13	0.22	0.54	0.06	-0.1	-0.49	0.43
Accounts Payable	0.4	0.39	0.17	-0.29		0.06	-0.1	0.61	-0.3	-0.43	-0.44	-0.71	0.7	-0.72	0.43	0.04	0.59	0.72	0.82	-0.49
Net Receivables	0.51	0.53	-0.26	-0.26	0.06		-0.41	0.62	-0.16	0.25	0.48	-0.51	0.46	-0.46	0.5	0.29	0.57	0.4	0.29	0.04
Total Liab	-0.43	-0.48	0.44	-0.25	-0.1	-0.41		-0.33	0.92	-0.01	-0.18	0.56	-0.55	0.54	-0.51	-0.32	-0.55	-0.54	-0.41	0.21
Total Current Assets	0.93	0.93	-0.49	-0.03	0.61	0.62	-0.33		-0.36	0.33	0.38	-0.88	0.88	-0.85	0.91	0.69	0.93	0.84	0.5	-0.26
Short Term Debt	-0.46	-0.5	0.42	-0.37	-0.3	-0.16	0.92	-0.36		0.11	0.03	0.6	-0.6	0.6	-0.55	-0.33	-0.59	-0.6	-0.46	0.35
Common Stock	0.54	0.53	-0.82	0.43	-0.43	0.25	-0.01	0.33	0.11		0.93	0.0	0.08	0.04	0.42	0.81	0.19	0.02	-0.55	0.42
Short Term Investments	0.54	0.54	-0.78	0.18	-0.44	0.48	-0.18	0.38	0.03	0.93		-0.11	0.17	-0.07	0.45	0.73	0.26	0.11	-0.38	0.26
Current Deferred Revenue	-0.83	-0.83	0.26	0.09	-0.71	-0.51	0.56	-0.88	0.6	0.0	-0.11		-0.99	1.0	-0.89	-0.5	-0.97	-0.98	-0.79	0.55
Net Tangible Assets	0.86	0.86	-0.33	-0.04	0.7	0.46	-0.55	0.88	-0.6	0.08	0.17	-0.99		-0.98	0.9	0.57	0.97	0.99	0.75	-0.51
Long Term Debt	-0.79	-0.8	0.22	0.13	-0.72	-0.46	0.54	-0.85	0.6	0.04	-0.07	1.0	-0.98		-0.87	-0.46	-0.95	-0.99	-0.82	0.63
Net Invested Capital	0.98	0.98	-0.6	0.22	0.43	0.5	-0.51	0.91	-0.55	0.42	0.45	-0.89	0.9	-0.87		0.83	0.96	0.86	0.42	-0.35
Capital Stock	0.89	0.89	-0.86	0.54	0.04	0.29	-0.32	0.69	-0.33	0.81	0.73	-0.5	0.57	-0.46	0.83		0.66	0.51	-0.1	0.08
Net Working Capital	0.92	0.93	-0.42	0.06	0.59	0.57	-0.55	0.93	-0.59	0.19	0.26	-0.97	0.97	-0.95	0.96	0.66		0.94	0.63	-0.43
Property Plant Equipment	0.81	0.81	-0.27	-0.1	0.72	0.4	-0.54	0.84	-0.6	0.02	0.11	-0.98	0.99	-0.99	0.86	0.51	0.94		0.8	-0.58
Short Long Term Debt	0.32	0.33	0.29	-0.49	0.82	0.29	-0.41	0.5	-0.46	-0.55	-0.38	-0.79	0.75	-0.82	0.42	-0.1	0.63	0.8		-0.68
Intangible Assets	-0.19	-0.19	-0.21	0.43	-0.49	0.04	0.21	-0.26	0.35	0.42	0.26	0.55	-0.51	0.63	-0.35	0.08	-0.43	-0.58	-0.68

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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.

Competition

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Return On Equity Over Time

Envirotech Total Stockholder Equity

Total Stockholder Equity

21.86 Million

At this time, Envirotech Vehicles' Total Stockholder Equity is fairly stable compared to the past year.

Based on the latest financial disclosure, Envirotech Vehicles has a Return On Equity of -0.6173. This is 117.15% lower than that of the Automobile Components sector and 94.07% lower than that of the Consumer Discretionary industry. The return on equity for all United States stocks is 99.13% higher than that of the company.

Envirotech Return On Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Envirotech Vehicles' direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Envirotech Vehicles could also be used in its relative valuation, which is a method of valuing Envirotech Vehicles by comparing valuation metrics of similar companies.

Envirotech Vehicles is currently under evaluation in return on equity category among its peers.

Envirotech Fundamentals

	Return On Equity	-0.62
	Return On Asset	-0.2
	Operating Margin	(1.63) %
	Current Valuation	26.13 M
	Shares Outstanding	16.62 M
	Shares Owned By Insiders	14.33 %
	Shares Owned By Institutions	5.46 %
	Number Of Shares Shorted	217.29 K
	Price To Book	1.35 X
	Price To Sales	13.99 X
	Revenue	2.86 M
	Gross Profit	1.73 M
	EBITDA	(7.49 M)
	Net Income	(12.68 M)
	Cash And Equivalents	4.6 M
	Cash Per Share	0.31 X
	Total Debt	806.55 K
	Current Ratio	16.08 X
	Book Value Per Share	1.36 X
	Cash Flow From Operations	(4.25 M)
	Short Ratio	11.31 X
	Earnings Per Share	(0.62) X
	Target Price	0.7
	Number Of Employees	14
	Beta	0.76
	Market Capitalization	25.6 M
	Total Asset	22.65 M
	Retained Earnings	(64.61 M)
	Working Capital	10.28 M
	Net Asset	22.65 M

About Envirotech Vehicles Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Envirotech Vehicles's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Envirotech Vehicles using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Envirotech Vehicles based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Envirotech Stock Analysis

When running Envirotech Vehicles' price analysis, check to measure Envirotech Vehicles' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Envirotech Vehicles is operating at the current time. Most of Envirotech Vehicles' value examination focuses on studying past and present price action to predict the probability of Envirotech Vehicles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envirotech Vehicles' price. Additionally, you may evaluate how the addition of Envirotech Vehicles to your portfolios can decrease your overall portfolio volatility.

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