Cenntro Intangible Assets vs Net Tangible Assets Analysis

CENN Stock  USD 1.15  0.07  5.74%   
Cenntro Electric financial indicator trend analysis is way more than just evaluating Cenntro Electric prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cenntro Electric is a good investment. Please check the relationship between Cenntro Electric Intangible Assets and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenntro Electric Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Intangible Assets vs Net Tangible Assets

Intangible Assets vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cenntro Electric Intangible Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Cenntro Electric's Intangible Assets and Net Tangible Assets is -0.73. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Cenntro Electric Group, assuming nothing else is changed. The correlation between historical values of Cenntro Electric's Intangible Assets and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Cenntro Electric Group are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Intangible Assets i.e., Cenntro Electric's Intangible Assets and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.73
Relationship DirectionNegative 
Relationship StrengthWeak

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Cenntro Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cenntro Electric 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 Cenntro Electric Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Cenntro Electric's Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 2.57, while Selling General Administrative is likely to drop about 22.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense1.1M844.2K402.4K382.3K
Depreciation And Amortization1.3M2.6M1.7M1.4M

Cenntro Electric fundamental ratios Correlations

0.680.840.750.980.52-0.77-0.70.280.90.6-0.360.90.660.760.510.620.580.870.780.970.61-0.040.6-0.720.6
0.680.420.90.520.64-0.15-0.740.360.390.76-0.550.390.520.560.650.70.560.650.960.540.950.060.56-0.620.72
0.840.420.680.820.43-0.66-0.610.650.730.540.030.740.740.650.340.560.50.690.650.810.340.350.57-0.650.42
0.750.90.680.60.54-0.31-0.680.660.520.72-0.330.520.670.550.480.650.470.630.950.640.90.350.52-0.660.57
0.980.520.820.60.41-0.88-0.60.160.950.47-0.30.960.60.730.410.510.50.840.630.990.45-0.120.54-0.670.5
0.520.640.430.540.410.03-0.950.320.20.97-0.290.210.430.720.930.960.960.820.670.370.47-0.120.95-0.70.95
-0.77-0.15-0.66-0.31-0.880.030.160.04-0.96-0.020.15-0.96-0.39-0.430.02-0.06-0.09-0.52-0.25-0.89-0.180.14-0.140.39-0.07
-0.7-0.74-0.61-0.68-0.6-0.950.16-0.39-0.4-0.960.28-0.41-0.65-0.86-0.9-0.98-0.95-0.91-0.79-0.57-0.580.04-0.940.78-0.95
0.280.360.650.660.160.320.04-0.390.060.490.270.060.530.210.170.440.260.180.550.170.350.830.32-0.320.21
0.90.390.730.520.950.2-0.96-0.40.060.27-0.281.00.510.60.220.30.30.710.480.970.41-0.120.34-0.550.31
0.60.760.540.720.470.97-0.02-0.960.490.27-0.310.280.510.720.920.980.930.810.810.450.620.080.9-0.690.94
-0.36-0.550.03-0.33-0.3-0.290.150.280.27-0.28-0.31-0.28-0.12-0.37-0.41-0.26-0.27-0.38-0.43-0.32-0.540.46-0.30.41-0.4
0.90.390.740.520.960.21-0.96-0.410.061.00.28-0.280.510.610.230.310.310.710.480.970.41-0.130.35-0.560.32
0.660.520.740.670.60.43-0.39-0.650.530.510.51-0.120.510.830.350.550.470.640.630.610.470.190.61-0.80.44
0.760.560.650.550.730.72-0.43-0.860.210.60.72-0.370.610.830.710.780.80.910.630.710.44-0.190.86-0.860.77
0.510.650.340.480.410.930.02-0.90.170.220.92-0.410.230.350.710.940.960.790.660.380.48-0.140.86-0.550.99
0.620.70.560.650.510.96-0.06-0.980.440.30.98-0.260.310.550.780.940.970.850.770.480.550.070.92-0.670.97
0.580.560.50.470.50.96-0.09-0.950.260.30.93-0.270.310.470.80.960.970.860.620.460.37-0.10.94-0.640.97
0.870.650.690.630.840.82-0.52-0.910.180.710.81-0.380.710.640.910.790.850.860.710.810.53-0.240.88-0.830.86
0.780.960.650.950.630.67-0.25-0.790.550.480.81-0.430.480.630.630.660.770.620.710.640.890.230.62-0.660.73
0.970.540.810.640.990.37-0.89-0.570.170.970.45-0.320.970.610.710.380.480.460.810.640.5-0.090.49-0.650.47
0.610.950.340.90.450.47-0.18-0.580.350.410.62-0.540.410.470.440.480.550.370.530.890.50.110.39-0.540.56
-0.040.060.350.35-0.12-0.120.140.040.83-0.120.080.46-0.130.19-0.19-0.140.07-0.1-0.240.23-0.090.11-0.170.22-0.14
0.60.560.570.520.540.95-0.14-0.940.320.340.9-0.30.350.610.860.860.920.940.880.620.490.39-0.17-0.840.89
-0.72-0.62-0.65-0.66-0.67-0.70.390.78-0.32-0.55-0.690.41-0.56-0.8-0.86-0.55-0.67-0.64-0.83-0.66-0.65-0.540.22-0.84-0.63
0.60.720.420.570.50.95-0.07-0.950.210.310.94-0.40.320.440.770.990.970.970.860.730.470.56-0.140.89-0.63
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Cenntro Electric Account Relationship Matchups

Cenntro Electric fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets42.2M22.8M291.4M267.8M185.5M96.8M
Short Long Term Debt Total19.6M7.2M3.5M66.1M31.0M15.9M
Other Current Liab5.0M4.0M19.7M8.1M13.0M7.0M
Total Current Liabilities33.3M14.5M26.4M70.2M29.3M24.5M
Total Stockholder Equity8.4M7.9M263.8M172.4M121.9M64.8M
Property Plant And Equipment Net14.9M1.5M3.0M23.1M40.4M42.5M
Net Debt18.4M2.6M(257.6M)(87.9M)1.7M1.7M
Retained Earnings(88.1M)(93.3M)(109.7M)(219.8M)(274.0M)(260.3M)
Accounts Payable7.2M3.7M3.7M3.4M6.8M4.8M
Cash1.2M4.5M261.1M154.0M29.4M50.7M
Non Current Assets Total31.0M2.6M10.3M64.8M80.6M84.6M
Non Currrent Assets Other110.1K1.1M7.0M(22.7M)2.2M1.3M
Cash And Short Term Investments1.2M4.5M261.1M154.0M33.6M51.1M
Net Receivables2.5M10.4M7.3M6.8M6.5M5.0M
Common Stock Shares Outstanding162.611.0K26.1M26.3M30.4M31.9M
Liabilities And Stockholders Equity42.2M22.8M291.4M267.8M185.5M96.8M
Non Current Liabilities Total456.6K356.1K1.2M25.7M34.4M36.1M
Inventory6.6M4.2M8.1M31.8M43.9M46.1M
Other Current Assets192.7K992.5K4.6M10.4M20.9M21.9M
Other Stockholder Equity99.7M103.1M374.9M397.5M402.3M422.5M
Total Liab33.8M14.9M27.6M96.0M63.7M32.1M
Total Current Assets11.2M20.1M281.1M203.0M104.9M72.7M
Accumulated Other Comprehensive Income(3.2M)(1.9M)(1.4M)(5.3M)(6.4M)(6.1M)
Short Term Debt19.1M6.8M3.0M58.7M9.5M12.5M
Current Deferred Revenue1.9M1.7M1.9M2.4M5.2M5.5M
When determining whether Cenntro Electric offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cenntro Electric'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 Cenntro Electric Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cenntro Electric Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenntro Electric Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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 Cenntro Electric. If investors know Cenntro 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 Cenntro Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.32)
Revenue Per Share
1.2
Quarterly Revenue Growth
1.903
Return On Assets
(0.15)
Return On Equity
(0.35)
The market value of Cenntro Electric is measured differently than its book value, which is the value of Cenntro that is recorded on the company's balance sheet. Investors also form their own opinion of Cenntro Electric's value that differs from its market value or its book value, called intrinsic value, which is Cenntro Electric'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 Cenntro Electric's market value can be influenced by many factors that don't directly affect Cenntro Electric'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 Cenntro Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenntro Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenntro Electric'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.