AYRO Operating Income vs Gross Profit Analysis

AYRO Stock

USD 0.74 0.01 1.33%

AYRO financial indicator trend analysis is way more than just evaluating AYRO Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AYRO Inc is a good investment. Please check the relationship between AYRO Operating Income and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AYRO Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AYRO Inc Operating Income account and Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between AYRO's Operating Income and Gross Profit is -0.03. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of AYRO Inc, assuming nothing else is changed. The correlation between historical values of AYRO's Operating Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of AYRO Inc are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., AYRO's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.03

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from AYRO Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of AYRO Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Gross Profit

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. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from AYRO's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AYRO Inc 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AYRO Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 30.27, while Selling General Administrative is likely to drop about 8.6 M.

	2021	2022	2023	2024 (projected)
Interest Expense	2.3K	23.1M	26.6M	25.2M
Depreciation And Amortization	734.0K	955.7K	1.2M	942.3K

Interest Expense Depreciation And Amortization

AYRO fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Non Current Assets Total	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Short Term Debt	Common Stock	Current Deferred Revenue	Accounts Payable	Property Plant And Equipment Net	Non Currrent Assets Other	Net Receivables	Other Current Assets	Total Current Assets	Cash	Other Assets	Cash And Short Term Investments	Net Tangible Assets	Inventory
Total Assets		-0.28	-0.4	-0.33	0.86	-0.97	-0.44	0.85	0.95	0.48	0.75	0.06	-0.36	0.78	-0.49	-0.08	0.84	0.0	-0.54	0.71	0.96	0.95	-0.3	0.95	0.95	-0.03
Short Long Term Debt Total	-0.28		0.79	0.84	-0.1	0.38	0.28	-0.29	-0.29	-0.15	-0.13	0.57	0.99	-0.22	0.18	-0.42	-0.29	-0.01	0.28	-0.25	-0.27	-0.24	-0.43	-0.24	-0.27	0.21
Other Current Liab	-0.4	0.79		0.96	-0.2	0.47	0.28	-0.42	-0.41	-0.22	-0.19	0.62	0.85	-0.35	0.44	-0.31	-0.41	0.04	0.47	-0.3	-0.37	-0.36	-0.39	-0.36	-0.38	0.38
Total Current Liabilities	-0.33	0.84	0.96		-0.22	0.45	0.17	-0.29	-0.33	-0.09	-0.15	0.73	0.89	-0.39	0.44	-0.23	-0.31	0.21	0.48	-0.14	-0.35	-0.35	-0.44	-0.36	-0.3	0.36
Total Stockholder Equity	0.86	-0.1	-0.2	-0.22		-0.9	-0.07	0.55	0.75	0.1	0.65	-0.11	-0.17	0.9	-0.42	-0.3	0.58	-0.18	-0.47	0.33	0.91	0.94	-0.34	0.95	0.75	-0.06
Net Debt	-0.97	0.38	0.47	0.45	-0.9		0.31	-0.74	-0.88	-0.33	-0.7	0.13	0.46	-0.85	0.52	0.12	-0.74	0.09	0.57	-0.57	-0.97	-0.98	0.2	-0.98	-0.88	0.06
Retained Earnings	-0.44	0.28	0.28	0.17	-0.07	0.31		-0.58	-0.53	-0.57	-0.61	-0.25	0.28	-0.03	0.05	-0.48	-0.55	-0.21	-0.01	-0.64	-0.34	-0.24	0.06	-0.25	-0.55	-0.3
Non Current Assets Total	0.85	-0.29	-0.42	-0.29	0.55	-0.74	-0.58		0.94	0.78	0.6	0.29	-0.34	0.46	-0.46	0.03	0.98	0.07	-0.59	0.91	0.74	0.68	-0.27	0.69	0.95	-0.18
Common Stock Shares Outstanding	0.95	-0.29	-0.41	-0.33	0.75	-0.88	-0.53	0.94		0.66	0.71	0.18	-0.36	0.64	-0.55	-0.11	0.96	-0.09	-0.63	0.8	0.87	0.84	-0.26	0.86	0.99	-0.08
Non Current Liabilities Total	0.48	-0.15	-0.22	-0.09	0.1	-0.33	-0.57	0.78	0.66		0.27	0.61	-0.17	-0.12	-0.35	0.02	0.8	-0.03	-0.41	0.91	0.31	0.26	-0.23	0.24	0.68	0.16
Other Stockholder Equity	0.75	-0.13	-0.19	-0.15	0.65	-0.7	-0.61	0.6	0.71	0.27		0.08	-0.17	0.61	-0.42	-0.06	0.59	0.09	-0.18	0.48	0.78	0.71	-0.09	0.73	0.71	0.18
Total Liab	0.06	0.57	0.62	0.73	-0.11	0.13	-0.25	0.29	0.18	0.61	0.08		0.6	-0.39	0.12	-0.17	0.29	0.14	0.11	0.5	-0.06	-0.1	-0.51	-0.12	0.23	0.42
Short Term Debt	-0.36	0.99	0.85	0.89	-0.17	0.46	0.28	-0.34	-0.36	-0.17	-0.17	0.6		-0.31	0.27	-0.37	-0.34	0.01	0.34	-0.27	-0.35	-0.33	-0.4	-0.33	-0.34	0.25
Common Stock	0.78	-0.22	-0.35	-0.39	0.9	-0.85	-0.03	0.46	0.64	-0.12	0.61	-0.39	-0.31		-0.45	-0.24	0.46	-0.13	-0.45	0.14	0.85	0.88	-0.19	0.91	0.63	-0.32
Current Deferred Revenue	-0.49	0.18	0.44	0.44	-0.42	0.52	0.05	-0.46	-0.55	-0.35	-0.42	0.12	0.27	-0.45		0.65	-0.54	0.53	0.75	-0.28	-0.46	-0.5	-0.33	-0.5	-0.51	0.35
Accounts Payable	-0.08	-0.42	-0.31	-0.23	-0.3	0.12	-0.48	0.03	-0.11	0.02	-0.06	-0.17	-0.37	-0.24	0.65		-0.08	0.62	0.44	0.17	-0.09	-0.18	-0.06	-0.18	-0.09	0.2
Property Plant And Equipment Net	0.84	-0.29	-0.41	-0.31	0.58	-0.74	-0.55	0.98	0.96	0.8	0.59	0.29	-0.34	0.46	-0.54	-0.08		-0.11	-0.67	0.87	0.72	0.68	-0.24	0.7	0.96	-0.17
Non Currrent Assets Other	0.0	-0.01	0.04	0.21	-0.18	0.09	-0.21	0.07	-0.09	-0.03	0.09	0.14	0.01	-0.13	0.53	0.62	-0.11		0.59	0.22	-0.01	-0.11	-0.25	-0.11	-0.07	0.14
Net Receivables	-0.54	0.28	0.47	0.48	-0.47	0.57	-0.01	-0.59	-0.63	-0.41	-0.18	0.11	0.34	-0.45	0.75	0.44	-0.67	0.59		-0.37	-0.48	-0.53	-0.21	-0.54	-0.59	0.51
Other Current Assets	0.71	-0.25	-0.3	-0.14	0.33	-0.57	-0.64	0.91	0.8	0.91	0.48	0.5	-0.27	0.14	-0.28	0.17	0.87	0.22	-0.37		0.57	0.5	-0.3	0.49	0.83	0.13
Total Current Assets	0.96	-0.27	-0.37	-0.35	0.91	-0.97	-0.34	0.74	0.87	0.31	0.78	-0.06	-0.35	0.85	-0.46	-0.09	0.72	-0.01	-0.48	0.57		0.99	-0.3	0.99	0.87	0.0
Cash	0.95	-0.24	-0.36	-0.35	0.94	-0.98	-0.24	0.68	0.84	0.26	0.71	-0.1	-0.33	0.88	-0.5	-0.18	0.68	-0.11	-0.53	0.5	0.99		-0.28	0.99	0.84	-0.02
Other Assets	-0.3	-0.43	-0.39	-0.44	-0.34	0.2	0.06	-0.27	-0.26	-0.23	-0.09	-0.51	-0.4	-0.19	-0.33	-0.06	-0.24	-0.25	-0.21	-0.3	-0.3	-0.28		-0.29	-0.33	-0.29
Cash And Short Term Investments	0.95	-0.24	-0.36	-0.36	0.95	-0.98	-0.25	0.69	0.86	0.24	0.73	-0.12	-0.33	0.91	-0.5	-0.18	0.7	-0.11	-0.54	0.49	0.99	0.99	-0.29		0.85	-0.08
Net Tangible Assets	0.95	-0.27	-0.38	-0.3	0.75	-0.88	-0.55	0.95	0.99	0.68	0.71	0.23	-0.34	0.63	-0.51	-0.09	0.96	-0.07	-0.59	0.83	0.87	0.84	-0.33	0.85		-0.03
Inventory	-0.03	0.21	0.38	0.36	-0.06	0.06	-0.3	-0.18	-0.08	0.16	0.18	0.42	0.25	-0.32	0.35	0.2	-0.17	0.14	0.51	0.13	0.0	-0.02	-0.29	-0.08	-0.03

Click cells to compare fundamentals

AYRO Account Relationship Matchups

AYRO fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.8M	42.0M	78.1M	55.0M	52.9M	55.5M
Short Long Term Debt Total	1.3M	1.1M	1.1M	859.5K	699.5K	664.5K
Other Current Liab	612.1K	418.8K	2.8M	799.2K	1.5M	1.4M
Total Current Liabilities	2.4M	1.6M	3.8M	2.2M	4.3M	8.3M
Total Stockholder Equity	68.9K	39.4M	73.4M	52.1M	25.3M	21.2M
Net Debt	683.2K	(35.4M)	(68.1M)	(38.2M)	(32.7M)	(31.1M)
Retained Earnings	(14.0M)	(25.2M)	(58.2M)	(81.2M)	(115.3M)	(109.6M)
Non Current Assets Total	782.2K	1.9M	2.0M	3.1M	3.9M	4.1M
Common Stock Shares Outstanding	367.6K	1.9M	4.4M	4.6M	4.8M	5.0M
Liabilities And Stockholders Equity	2.8M	42.0M	78.1M	55.0M	52.9M	32.1M
Non Current Liabilities Total	318.0K	1.0M	859.5K	693.8K	23.2M	24.4M
Other Stockholder Equity	5.0M	64.5M	131.7M	133.2M	129.5M	66.3M
Total Liab	2.7M	2.6M	4.7M	2.9M	27.5M	28.9M
Short Term Debt	1.0M	253.8K	412.9K	331.5K	393.4K	373.7K
Common Stock	395.0	2.7K	3.7K	3.7K	492.0	467.4
Accounts Payable	772.1K	767.2K	647.1K	1.1M	2.5M	1.5M
Property Plant And Equipment Net	489.4K	1.7M	1.8M	3.0M	3.8M	4.0M
Non Currrent Assets Other	48.8K	22.5K	41.3K	73.7K	95.5K	104.8K
Net Receivables	71.1K	765.9K	969.4K	510.1K	219K	208.1K
Other Current Assets	164.4K	3.2M	4.6M	3.0M	11.9M	12.5M
Total Current Assets	2.0M	40.1M	76.2M	51.9M	49.0M	28.0M
Cash	641.8K	36.5M	69.2M	39.1M	33.4M	23.1M
Other Assets	397.6K	292.9K	22.5K	41.3K	37.2K	35.3K
Cash And Short Term Investments	641.8K	36.5M	69.2M	48.9M	33.4M	24.3M
Net Tangible Assets	(4.2M)	(9.0M)	39.2M	73.3M	84.3M	88.6M
Inventory	1.1M	1.2M	3.7M	970.4K	3.4M	2.4M
Intangible Assets	659.1K	244.1K	143.8K	88.3K	79.5K	75.5K
Property Plant Equipment	726.0K	489.4K	1.7M	1.8M	2.1M	1.1M
Property Plant And Equipment Gross	489.4K	1.7M	3.1M	4.5M	6.3M	6.6M

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

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0.67	DORM	Dorman Products	Pair Corr
0.66	WKSP	Worksport	Pair Corr
0.53	GT	Goodyear Tire Rubber	Pair Corr
0.49	WKHS	Workhorse Group	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether AYRO Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AYRO's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ayro Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ayro Inc Stock:

How To Invest In AYRO

Details

Is AYRO Stock a good investment?

Details

What is AYRO's Net Worth?

Details

Largest Automotive Parts & Equipment Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AYRO Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global 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.

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AYRO Operating Income vs Gross Profit Analysis

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

AYRO fundamental ratios Correlations

AYRO Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AYRO fundamental ratios Accounts

Pair Trading with AYRO

Moving against AYRO Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Term Debt	+ 0.99	Short Long Term Debt Total
Net Tangible Assets	+ 0.99	Common Stock Shares Outstanding
Cash	+ 0.99	Total Current Assets
Cash And Short Term Investments	+ 0.99	Total Current Assets
Cash And Short Term Investments	+ 0.99	Cash
Property Plant And Equipment Net	+ 0.98	Non Current Assets Total

Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Total Current Assets	- 0.97	Net Debt
Net Debt	- 0.97	Total Assets
Net Debt	- 0.9	Total Stockholder Equity
Net Tangible Assets	- 0.88	Net Debt