Xos Other Non Cash Items vs Change To Inventory Analysis

XOS Stock  USD 3.21  0.00  0.00%   
Xos financial indicator trend analysis is more than just analyzing Xos Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xos Inc is a good investment. Please check the relationship between Xos Other Non Cash Items and its Change To Inventory accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xos Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Other Non Cash Items vs Change To Inventory

JavaScript chart by amCharts 3.21.15201420162018202020222024-70M-65M-60M-55M-50M-45M-40M-35M-30M-25M-20M-15M-10M-5M05M10M -30M-25M-20M-15M-10M-5M05M10M15M20M
JavaScript chart by amCharts 3.21.15Other Non Cash Itemstotal: -77.8MChange To Inventorytotal: -19.5M

Other Non Cash Items vs Change To Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xos Inc Other Non Cash Items account and Change To Inventory. At this time, the significance of the direction appears to have very strong relationship.
Other Non Cash ItemsChange To InventoryDiversified AwayOther Non Cash ItemsChange To InventoryDiversified Away100%
The correlation between Xos' Other Non Cash Items and Change To Inventory is 0.84. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Xos Inc, assuming nothing else is changed. The correlation between historical values of Xos' Other Non Cash Items and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Xos Inc are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Other Non Cash Items i.e., Xos' Other Non Cash Items and Change To Inventory go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Other Non Cash Items

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from Xos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xos Inc 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xos Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Selling General Administrative is likely to drop to about 25 M in 2024. Tax Provision is likely to drop to 6,050 in 2024
 2021 2022 2023 2024 (projected)
Total Operating Expenses50.8M81.3M63.7M46.8M
Cost Of Revenue7.4M66.4M45.8M27.0M

Xos fundamental ratios Correlations

0.90.920.59-0.730.40.710.610.450.710.590.760.470.720.270.760.480.430.440.690.840.650.50.690.850.69
0.90.860.57-0.60.390.80.730.680.680.690.850.570.780.180.930.50.730.610.570.830.670.570.680.930.9
0.920.860.81-0.770.630.80.780.510.880.790.680.70.760.150.830.720.40.60.80.90.840.730.830.920.57
0.590.570.81-0.680.830.870.910.540.970.940.490.930.79-0.070.760.930.40.750.790.860.980.930.960.830.26
-0.73-0.6-0.77-0.68-0.22-0.69-0.470.0-0.83-0.48-0.75-0.39-0.79-0.66-0.59-0.38-0.32-0.14-0.98-0.83-0.62-0.38-0.72-0.67-0.36
0.40.390.630.83-0.220.60.830.690.70.880.070.920.41-0.580.550.970.160.860.370.540.850.950.730.640.08
0.710.80.80.87-0.690.60.920.680.90.90.810.830.970.10.930.750.770.770.740.960.920.80.960.930.65
0.610.730.780.91-0.470.830.920.830.860.990.570.970.8-0.250.90.920.660.940.580.840.970.960.920.920.54
0.450.680.510.540.00.690.680.830.450.80.390.780.51-0.540.770.710.680.940.080.520.680.770.590.730.64
0.710.680.880.97-0.830.70.90.860.450.880.650.830.870.160.810.820.460.640.910.930.940.830.960.880.38
0.590.690.790.94-0.480.880.90.990.80.880.520.990.77-0.270.870.950.580.930.60.820.980.980.920.90.46
0.760.850.680.49-0.750.070.810.570.390.650.520.380.90.550.830.270.820.350.70.850.560.340.670.80.85
0.470.570.70.93-0.390.920.830.970.780.830.990.380.69-0.380.780.980.50.930.530.740.960.990.880.810.33
0.720.780.760.79-0.790.410.970.80.510.870.770.90.690.330.890.60.770.590.810.960.830.650.910.880.67
0.270.180.15-0.07-0.66-0.580.1-0.25-0.540.16-0.270.55-0.380.330.07-0.430.14-0.540.540.26-0.14-0.410.030.060.22
0.760.930.830.76-0.590.550.930.90.770.810.870.830.780.890.070.690.830.780.630.890.840.760.840.980.82
0.480.50.720.93-0.380.970.750.920.710.820.950.270.980.6-0.430.690.320.890.520.690.940.990.860.760.21
0.430.730.40.4-0.320.160.770.660.680.460.580.820.50.770.140.830.320.590.330.640.520.430.560.70.86
0.440.610.60.75-0.140.860.770.940.940.640.930.350.930.59-0.540.780.890.590.270.630.850.930.750.780.48
0.690.570.80.79-0.980.370.740.580.080.910.60.70.530.810.540.630.520.330.270.860.720.520.80.710.3
0.840.830.90.86-0.830.540.960.840.520.930.820.850.740.960.260.890.690.640.630.860.890.720.950.940.63
0.650.670.840.98-0.620.850.920.970.680.940.980.560.960.83-0.140.840.940.520.850.720.890.950.980.90.41
0.50.570.730.93-0.380.950.80.960.770.830.980.340.990.65-0.410.760.990.430.930.520.720.950.870.810.31
0.690.680.830.96-0.720.730.960.920.590.960.920.670.880.910.030.840.860.560.750.80.950.980.870.890.44
0.850.930.920.83-0.670.640.930.920.730.880.90.80.810.880.060.980.760.70.780.710.940.90.810.890.74
0.690.90.570.26-0.360.080.650.540.640.380.460.850.330.670.220.820.210.860.480.30.630.410.310.440.74
Click cells to compare fundamentals

Xos Account Relationship Matchups

Xos fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab3.5M12.5M5.4M10.0M11.8M7.9M
Total Current Liabilities6.0M32.9M16.0M45.8M19.6M22.3M
Net Tangible Assets(10.5M)(27.2M)174.4M112.1M128.9M135.3M
Retained Earnings(10.8M)(27.5M)(4.1M)(77.4M)(153.3M)(145.6M)
Accounts Payable1.5M1.2M10.1M2.9M2.8M3.5M
Inventory1.6M1.9M30.9M57.5M37.8M23.8M
Total Current Assets1.8M12.7M166.0M163.2M71.7M76.4M
Common Stock4K7K16K17K1K950.0

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