Vicinity Capex To Depreciation vs Ev To Sales 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 Capex To Depreciation and its Ev To Sales 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.

Capex To Depreciation vs Ev To Sales

Capex To Depreciation vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vicinity Motor Corp Capex To Depreciation account and Ev To Sales. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Vicinity's Capex To Depreciation and Ev To Sales is -0.19. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Ev To Sales 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 Capex To Depreciation and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Vicinity Motor Corp are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Capex To Depreciation i.e., Vicinity's Capex To Depreciation and Ev To Sales go up and down completely randomly.

Correlation Coefficient

-0.19
Relationship DirectionNegative 
Relationship StrengthInsignificant

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.
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
Click cells to compare fundamentals

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

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.