Vicinity Average Payables vs Price To Sales Ratio Analysis

VMC Stock  CAD 0.07  0.00  0.00%   
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 Average Payables and its Price To Sales Ratio 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 board of governors.

Average Payables vs Price To Sales Ratio

Average Payables vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vicinity Motor Corp Average Payables account and Price To Sales Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Vicinity's Average Payables and Price To Sales Ratio is -0.41. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Price To Sales Ratio 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 Average Payables and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Vicinity Motor Corp are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Average Payables i.e., Vicinity's Average Payables and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.41
Relationship DirectionNegative 
Relationship StrengthVery Weak

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Vicinity Motor Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Vicinity sales, a figure that is much harder to manipulate than other Vicinity Motor Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
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 board of governors.
Sales General And Administrative To Revenue is likely to climb to 0.62 in 2024, whereas Selling General Administrative is likely to drop slightly above 9.5 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit4.2M440K2.1M3.7M
Total Revenue41.7M18.5M19.1M29.1M

Vicinity fundamental ratios Correlations

-0.240.640.41-0.58-0.820.7-0.83-0.63-0.130.760.62-0.580.820.67-0.04-0.340.690.890.73-0.15-0.790.570.820.740.82
-0.24-0.09-0.050.320.09-0.530.530.270.72-0.14-0.440.24-0.41-0.49-0.240.33-0.21-0.23-0.430.120.230.23-0.16-0.26-0.33
0.64-0.09-0.420.16-0.370.59-0.310.090.280.040.080.170.140.650.490.340.980.230.660.63-0.2-0.140.180.080.13
0.41-0.05-0.42-0.79-0.570.07-0.56-0.82-0.340.860.53-0.820.77-0.01-0.76-0.69-0.380.770.04-0.91-0.710.90.750.770.8
-0.580.320.16-0.790.64-0.480.770.90.69-0.81-0.860.98-0.85-0.30.290.890.04-0.82-0.40.80.79-0.73-0.8-0.84-0.85
-0.820.09-0.37-0.570.64-0.570.790.710.18-0.82-0.50.68-0.8-0.470.320.34-0.37-0.86-0.590.420.88-0.74-0.81-0.79-0.84
0.7-0.530.590.07-0.48-0.57-0.84-0.52-0.390.380.61-0.370.550.960.16-0.30.660.550.99-0.06-0.680.150.450.640.53
-0.830.53-0.31-0.560.770.79-0.840.860.53-0.8-0.80.71-0.9-0.780.250.61-0.39-0.88-0.80.490.93-0.58-0.81-0.93-0.89
-0.630.270.09-0.820.90.71-0.520.860.59-0.91-0.870.86-0.9-0.440.530.850.01-0.87-0.470.810.93-0.82-0.89-0.97-0.91
-0.130.720.28-0.340.690.18-0.390.530.59-0.35-0.740.63-0.52-0.23-0.060.80.14-0.34-0.240.560.38-0.13-0.38-0.45-0.47
0.76-0.140.040.86-0.81-0.820.38-0.8-0.91-0.350.73-0.830.950.32-0.57-0.680.080.960.36-0.71-0.910.910.970.920.97
0.62-0.440.080.53-0.86-0.50.61-0.8-0.87-0.740.73-0.790.820.51-0.1-0.910.210.750.53-0.56-0.750.540.810.810.79
-0.580.240.17-0.820.980.68-0.370.710.860.63-0.83-0.79-0.86-0.180.290.840.06-0.83-0.30.790.75-0.77-0.82-0.79-0.86
0.82-0.410.140.77-0.85-0.80.55-0.9-0.9-0.520.950.82-0.860.46-0.36-0.720.220.970.5-0.64-0.90.760.950.911.0
0.67-0.490.65-0.01-0.3-0.470.96-0.78-0.44-0.230.320.51-0.180.460.1-0.160.690.470.970.05-0.620.080.380.590.44
-0.04-0.240.49-0.760.290.320.160.250.53-0.06-0.57-0.10.29-0.360.10.290.56-0.380.140.720.49-0.72-0.39-0.53-0.41
-0.340.330.34-0.690.890.34-0.30.610.850.8-0.68-0.910.84-0.72-0.160.290.21-0.63-0.190.790.61-0.6-0.7-0.72-0.7
0.69-0.210.98-0.380.04-0.370.66-0.390.010.140.080.210.060.220.690.560.210.290.710.57-0.24-0.140.240.140.2
0.89-0.230.230.77-0.82-0.860.55-0.88-0.87-0.340.960.75-0.830.970.47-0.38-0.630.290.53-0.57-0.920.830.970.910.98
0.73-0.430.660.04-0.4-0.590.99-0.8-0.47-0.240.360.53-0.30.50.970.14-0.190.710.530.01-0.670.160.420.610.49
-0.150.120.63-0.910.80.42-0.060.490.810.56-0.71-0.560.79-0.640.050.720.790.57-0.570.010.63-0.76-0.59-0.71-0.66
-0.790.23-0.2-0.710.790.88-0.680.930.930.38-0.91-0.750.75-0.9-0.620.490.61-0.24-0.92-0.670.63-0.8-0.89-0.98-0.92
0.570.23-0.140.9-0.73-0.740.15-0.58-0.82-0.130.910.54-0.770.760.08-0.72-0.6-0.140.830.16-0.76-0.80.850.810.81
0.82-0.160.180.75-0.8-0.810.45-0.81-0.89-0.380.970.81-0.820.950.38-0.39-0.70.240.970.42-0.59-0.890.850.890.96
0.74-0.260.080.77-0.84-0.790.64-0.93-0.97-0.450.920.81-0.790.910.59-0.53-0.720.140.910.61-0.71-0.980.810.890.93
0.82-0.330.130.8-0.85-0.840.53-0.89-0.91-0.470.970.79-0.861.00.44-0.41-0.70.20.980.49-0.66-0.920.810.960.93
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Vicinity Account Relationship Matchups

Vicinity fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets36.9M47.0M54.0M55.0M74.2M55.7M
Other Current Liab2.7M2.1M9.2M449K1.2M1.2M
Total Current Liabilities18.6M19.0M19.4M16.6M43.5M25.4M
Total Stockholder Equity16.7M22.4M34.2M36.8M21.2M26.6M
Other Liab1.8M1.2M201K255K229.5K218.0K
Net Tangible Assets19.2M15.1M15.9M11.9M10.7M12.3M
Net Debt7.3M7.3M2.7M5.6M25.1M26.3M
Retained Earnings(22.8M)(22.2M)(29.7M)(47.6M)(64.3M)(61.1M)
Accounts Payable9.2M7.8M10.1M2.7M2.4M2.3M
Cash757.3K1.3M4.4M1.6M2.0M1.9M
Non Current Assets Total6.1M6.2M33.2M36.9M33.5M19.9M
Net Receivables9.2M1.6M1.3M1.1M2.6M4.9M
Common Stock Shares Outstanding24.8M28.7M34.9M44.7M45.7M35.7M
Non Current Liabilities Total1.6M534K347K1.6M9.5M10.0M
Inventory19.3M25.6M9.4M10.1M23.3M14.1M
Total Liab20.2M24.7M19.7M18.2M53.0M29.2M
Net Invested Capital24.7M30.9M41.4M44.0M48.3M38.3M
Short Long Term Debt8.0M8.6M7.1M7.2M27.1M28.4M
Total Current Assets30.8M32.1M20.8M18.1M40.6M25.0M
Net Working Capital12.2M16.7M1.4M1.6M(2.9M)(2.7M)
Intangible Assets1.6M2.2M22.4M14.3M9.8M8.4M
Common Stock36.0M37.1M37.2M58.1M66.8M44.5M
Property Plant Equipment4.7M4.5M3.2M10.8M12.5M13.1M
Capital Stock28.4M36.4M58.1M76.0M76.8M55.4M

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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.