Vicinity Inventory vs Cash And Short Term Investments Analysis

VEV Stock  USD 0  0.0003  14.29%   
Vicinity financial indicator trend analysis is much more than just breaking down Vicinity Motor Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vicinity Motor Corp is a good investment. Please check the relationship between Vicinity Inventory and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vicinity Motor Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Inventory vs Cash And Short Term Investments

Inventory vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vicinity Motor Corp Inventory account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Vicinity's Inventory and Cash And Short Term Investments is 0.44. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Vicinity Motor Corp, assuming nothing else is changed. The correlation between historical values of Vicinity's Inventory and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Vicinity Motor Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Inventory i.e., Vicinity's Inventory and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.44
Relationship DirectionPositive 
Relationship StrengthWeak

Inventory

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Vicinity Motor Corp balance sheet. This account contains Vicinity investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Vicinity Motor Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Vicinity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vicinity Motor Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Vicinity Motor Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
At this time, Vicinity's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.62 in 2024, whereas Tax Provision is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense716K2.3M5.0M5.3M
Depreciation And Amortization1.2M3.0M1.4M1.5M

Vicinity fundamental ratios Correlations

0.970.870.230.910.80.90.830.83-0.950.440.570.870.70.570.48-0.660.640.830.890.270.890.880.870.64-0.86
0.970.890.20.950.810.910.910.84-0.940.390.660.90.580.660.49-0.680.670.840.930.230.920.90.90.68-0.89
0.870.890.050.980.470.850.890.99-0.920.50.40.750.510.40.38-0.890.910.810.980.250.990.851.00.41-0.71
0.230.20.050.190.27-0.12-0.030.020.02-0.080.27-0.170.360.270.710.19-0.170.550.010.360.130.530.04-0.23-0.1
0.910.950.980.190.590.850.920.95-0.920.440.540.780.550.540.49-0.820.820.880.980.280.990.930.980.48-0.78
0.80.810.470.270.590.710.620.38-0.70.170.750.820.520.750.42-0.160.150.590.560.140.530.640.480.84-0.83
0.90.910.85-0.120.850.710.870.83-0.980.350.430.950.440.430.22-0.740.740.630.90.090.850.680.860.68-0.83
0.830.910.89-0.030.920.620.870.85-0.880.480.640.870.360.640.34-0.770.770.70.960.250.920.780.910.64-0.77
0.830.840.990.020.950.380.830.85-0.90.470.280.70.480.280.32-0.910.930.780.950.20.970.80.990.33-0.67
-0.95-0.94-0.920.02-0.92-0.7-0.98-0.88-0.9-0.44-0.45-0.92-0.55-0.45-0.280.76-0.77-0.75-0.94-0.17-0.91-0.78-0.92-0.640.86
0.440.390.5-0.080.440.170.350.480.47-0.440.410.360.450.410.14-0.410.440.220.530.740.450.330.470.32-0.15
0.570.660.40.270.540.750.430.640.28-0.450.410.60.361.00.57-0.150.160.440.530.440.490.60.410.72-0.49
0.870.90.75-0.170.780.820.950.870.7-0.920.360.60.430.60.18-0.610.580.560.830.080.770.620.760.86-0.87
0.70.580.510.360.550.520.440.360.48-0.550.450.360.430.360.46-0.320.190.570.50.450.50.610.490.36-0.47
0.570.660.40.270.540.750.430.640.28-0.450.411.00.60.360.57-0.150.160.440.530.440.490.60.410.72-0.49
0.480.490.380.710.490.420.220.340.32-0.280.140.570.180.460.57-0.140.210.550.370.440.450.690.380.06-0.16
-0.66-0.68-0.890.19-0.82-0.16-0.74-0.77-0.910.76-0.41-0.15-0.61-0.32-0.15-0.14-0.92-0.6-0.86-0.09-0.86-0.62-0.89-0.220.51
0.640.670.91-0.170.820.150.740.770.93-0.770.440.160.580.190.160.21-0.920.580.860.120.870.620.90.18-0.45
0.830.840.810.550.880.590.630.70.78-0.750.220.440.560.570.440.55-0.60.580.770.220.850.960.810.28-0.77
0.890.930.980.010.980.560.90.960.95-0.940.530.530.830.50.530.37-0.860.860.770.30.980.840.980.54-0.75
0.270.230.250.360.280.140.090.250.2-0.170.740.440.080.450.440.44-0.090.120.220.30.260.340.220.060.08
0.890.920.990.130.990.530.850.920.97-0.910.450.490.770.50.490.45-0.860.870.850.980.260.90.990.44-0.74
0.880.90.850.530.930.640.680.780.8-0.780.330.60.620.610.60.69-0.620.620.960.840.340.90.850.36-0.72
0.870.91.00.040.980.480.860.910.99-0.920.470.410.760.490.410.38-0.890.90.810.980.220.990.850.42-0.72
0.640.680.41-0.230.480.840.680.640.33-0.640.320.720.860.360.720.06-0.220.180.280.540.060.440.360.42-0.74
-0.86-0.89-0.71-0.1-0.78-0.83-0.83-0.77-0.670.86-0.15-0.49-0.87-0.47-0.49-0.160.51-0.45-0.77-0.750.08-0.74-0.72-0.72-0.74
Click cells to compare fundamentals

Vicinity Account Relationship Matchups

Vicinity fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding24.2M25.8M30.8M39.7M45.6M47.9M
Total Assets28.3M36.9M54.0M55.0M74.2M77.9M
Short Long Term Debt Total6.2M6.7M7.1M7.2M27.1M28.4M
Other Current Liab7.1M10.7M134K2.8M1.2M1.2M
Total Current Liabilities14.2M18.9M19.4M16.6M43.5M45.7M
Total Stockholder Equity12.8M17.5M34.2M36.8M21.2M13.8M
Property Plant And Equipment Net3.5M3.2M10.8M22.6M23.7M24.9M
Current Deferred Revenue980.9K1.5M3.2M2.4M4.4M4.7M
Net Debt5.6M5.7M2.7M5.6M25.1M26.3M
Retained Earnings(17.5M)(21.4M)(29.7M)(47.6M)(64.3M)(61.1M)
Cash579.7K1.0M4.4M1.6M2.0M1.6M
Non Current Assets Total4.7M4.9M33.2M36.9M33.5M35.2M
Cash And Short Term Investments579.7K1.0M4.4M1.6M2.0M1.6M
Net Receivables7.0M2.0M2.8M2.7M5.6M4.1M
Liabilities And Stockholders Equity28.3M36.9M54.0M55.0M74.2M77.9M
Non Current Liabilities Total1.3M418.8K347K1.6M9.5M10.0M
Inventory14.8M25.6M9.4M10.1M23.3M24.4M
Other Current Assets1.2M2.2M4.2M3.8M9.7M10.2M
Other Stockholder Equity1.8M2.6M6.0M7.1M8.3M8.3M
Total Liab15.5M19.3M19.7M18.2M53.0M55.6M
Total Current Assets23.6M32.0M20.8M18.1M40.6M42.7M
Short Term Debt6.2M6.7M7.1M7.2M27.1M28.4M
Intangible Assets1.2M1.7M22.4M14.3M9.8M7.2M
Other Liab1.8M1.2M256K255K229.5K218.0K
Net Tangible Assets19.2M15.1M20.2M11.9M10.7M13.0M
Net Invested Capital24.7M30.9M41.4M44.0M48.3M38.3M
Property Plant And Equipment Gross4.5M4.0M12.7M25.5M27.8M29.2M
Short Long Term Debt8.0M8.6M7.1M7.2M27.1M28.4M
Net Working Capital12.2M16.7M1.4M1.6M(2.9M)(2.7M)
Common Stock28.4M36.4M58.1M76.0M76.8M52.8M
Property Plant Equipment4.7M4.5M4.0M10.8M12.5M13.1M
Capital Stock28.4M36.4M58.1M76.0M76.8M55.4M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Vicinity Stock Analysis

When running Vicinity's price analysis, check to measure Vicinity's 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 Vicinity is operating at the current time. Most of Vicinity's value examination focuses on studying past and present price action to predict the probability of Vicinity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vicinity's price. Additionally, you may evaluate how the addition of Vicinity to your portfolios can decrease your overall portfolio volatility.