Joby Cash vs Accounts Payable Analysis

JOBY-WT Stock   1.90  0.17  8.21%   
Joby Aviation financial indicator trend analysis is infinitely more than just investigating Joby Aviation recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Joby Aviation is a good investment. Please check the relationship between Joby Aviation Cash and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Joby Aviation. 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.
For more information on how to buy Joby Stock please use our How to Invest in Joby Aviation guide.

Cash vs Accounts Payable

Cash vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Joby Aviation Cash account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
CashAccounts PayableDiversified AwayCashAccounts PayableDiversified Away100%
The correlation between Joby Aviation's Cash and Accounts Payable is -0.4. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Joby Aviation, assuming nothing else is changed. The correlation between historical values of Joby Aviation's Cash and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Joby Aviation are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash i.e., Joby Aviation's Cash and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.4
Relationship DirectionNegative 
Relationship StrengthVery Weak

Cash

Cash refers to the most liquid asset of Joby Aviation, which is listed under current asset account on Joby Aviation balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Joby Aviation customers. The amounts must be unrestricted with restricted cash listed in a different Joby Aviation account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Accounts Payable

An accounting item on the balance sheet that represents Joby Aviation obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Joby Aviation are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Joby Aviation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Joby Aviation 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Joby Aviation. 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.
For more information on how to buy Joby Stock please use our How to Invest in Joby Aviation guide.Selling General Administrative is likely to drop to about 78.8 M in 2024. Sales General And Administrative To Revenue is likely to drop to 81.92 in 2024
 2021 2022 2023 2024 (projected)
Interest Expense2.4M118K106.2K100.9K
Depreciation And Amortization15.9M24.0M30.5M21.4M

Joby Aviation fundamental ratios Correlations

0.720.790.791.0-0.540.82-0.540.76-0.67-0.79-0.190.730.970.991.00.75-0.540.55-0.540.71-0.99-0.540.940.970.97
0.720.840.970.75-0.580.99-0.580.94-0.01-0.890.050.070.870.810.680.99-0.580.750.180.99-0.8-0.580.90.840.85
0.790.840.910.78-0.90.89-0.90.95-0.21-1.0-0.380.310.860.820.770.9-0.90.89-0.010.81-0.81-0.90.840.810.87
0.790.970.910.8-0.650.99-0.650.94-0.15-0.94-0.180.220.910.850.750.99-0.650.860.060.93-0.84-0.650.940.860.91
1.00.750.780.8-0.510.84-0.510.77-0.65-0.78-0.140.710.981.00.990.77-0.510.54-0.510.74-1.0-0.510.960.980.98
-0.54-0.58-0.9-0.65-0.51-0.621.0-0.80.050.870.48-0.15-0.58-0.54-0.52-0.651.0-0.8-0.11-0.550.541.0-0.53-0.53-0.6
0.820.990.890.990.84-0.62-0.620.95-0.16-0.92-0.040.230.940.890.780.99-0.620.770.030.97-0.88-0.620.950.910.92
-0.54-0.58-0.9-0.65-0.511.0-0.62-0.80.050.870.48-0.15-0.58-0.54-0.52-0.651.0-0.8-0.11-0.550.541.0-0.53-0.53-0.6
0.760.940.950.940.77-0.80.95-0.8-0.05-0.96-0.070.140.870.820.720.96-0.80.790.130.94-0.81-0.80.860.850.86
-0.67-0.01-0.21-0.15-0.650.05-0.160.05-0.050.180.38-0.99-0.48-0.58-0.72-0.050.05-0.050.970.030.580.05-0.45-0.5-0.52
-0.79-0.89-1.0-0.94-0.780.87-0.920.87-0.960.180.33-0.26-0.88-0.83-0.76-0.930.87-0.9-0.03-0.850.820.87-0.87-0.82-0.88
-0.190.05-0.38-0.18-0.140.48-0.040.48-0.070.380.33-0.4-0.12-0.12-0.21-0.070.48-0.590.220.170.090.48-0.12-0.01-0.2
0.730.070.310.220.71-0.150.23-0.150.14-0.99-0.26-0.40.550.640.770.12-0.150.12-0.950.04-0.64-0.150.510.560.59
0.970.870.860.910.98-0.580.94-0.580.87-0.48-0.88-0.120.550.990.950.89-0.580.66-0.320.86-0.99-0.580.990.991.0
0.990.810.820.851.0-0.540.89-0.540.82-0.58-0.83-0.120.640.990.980.82-0.540.59-0.430.8-1.0-0.540.980.990.99
1.00.680.770.750.99-0.520.78-0.520.72-0.72-0.76-0.210.770.950.980.7-0.520.52-0.590.66-0.98-0.520.920.950.96
0.750.990.90.990.77-0.650.99-0.650.96-0.05-0.93-0.070.120.890.820.7-0.650.820.150.97-0.81-0.650.910.850.87
-0.54-0.58-0.9-0.65-0.511.0-0.621.0-0.80.050.870.48-0.15-0.58-0.54-0.52-0.65-0.8-0.11-0.550.541.0-0.53-0.53-0.6
0.550.750.890.860.54-0.80.77-0.80.79-0.05-0.9-0.590.120.660.590.520.82-0.80.20.66-0.57-0.80.690.560.69
-0.540.18-0.010.06-0.51-0.110.03-0.110.130.97-0.030.22-0.95-0.32-0.43-0.590.15-0.110.20.180.44-0.11-0.27-0.36-0.35
0.710.990.810.930.74-0.550.97-0.550.940.03-0.850.170.040.860.80.660.97-0.550.660.18-0.79-0.550.870.850.82
-0.99-0.8-0.81-0.84-1.00.54-0.880.54-0.810.580.820.09-0.64-0.99-1.0-0.98-0.810.54-0.570.44-0.790.54-0.97-0.99-0.98
-0.54-0.58-0.9-0.65-0.511.0-0.621.0-0.80.050.870.48-0.15-0.58-0.54-0.52-0.651.0-0.8-0.11-0.550.54-0.53-0.53-0.6
0.940.90.840.940.96-0.530.95-0.530.86-0.45-0.87-0.120.510.990.980.920.91-0.530.69-0.270.87-0.97-0.530.970.99
0.970.840.810.860.98-0.530.91-0.530.85-0.5-0.82-0.010.560.990.990.950.85-0.530.56-0.360.85-0.99-0.530.970.98
0.970.850.870.910.98-0.60.92-0.60.86-0.52-0.88-0.20.591.00.990.960.87-0.60.69-0.350.82-0.98-0.60.990.98
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Joby Aviation Account Relationship Matchups

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