Xos Total Assets vs Other Current Assets Analysis

XOS Stock  USD 3.32  0.20  6.41%   
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 Total Assets and its Other Current Assets 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.

Total Assets vs Other Current Assets

JavaScript chart by amCharts 3.21.1520142016201820202022202410M20M40M60M80M100M120M140M160M180M200M 100K1M10M100M
JavaScript chart by amCharts 3.21.15Total Assetstotal: 661.7MOther Current Assetstotal: 47.6M

Total Assets vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xos Inc Total Assets account and Other Current Assets. At this time, the significance of the direction appears to have almost identical trend.
Total AssetsOther Current AssetsDiversified AwayTotal AssetsOther Current AssetsDiversified Away100%
The correlation between Xos' Total Assets and Other Current Assets is 0.98. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Xos Inc, assuming nothing else is changed. The correlation between historical values of Xos' Total Assets and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Xos Inc are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Assets i.e., Xos' Total Assets and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Xos assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Xos Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
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
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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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Additional Tools for Xos Stock Analysis

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