Zoomcar Net Receivables vs Cash Analysis
ZCARW Stock | 0.02 0 14.39% |
Zoomcar Holdings financial indicator trend analysis is more than just analyzing Zoomcar Holdings current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zoomcar Holdings is a good investment. Please check the relationship between Zoomcar Holdings Net Receivables and its Cash accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zoomcar Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Zoomcar Stock please use our How to Invest in Zoomcar Holdings guide.
Net Receivables vs Cash
Net Receivables vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zoomcar Holdings Net Receivables account and Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Zoomcar Holdings' Net Receivables and Cash is 0.8. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Cash in the same time period over historical financial statements of Zoomcar Holdings, assuming nothing else is changed. The correlation between historical values of Zoomcar Holdings' Net Receivables and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Zoomcar Holdings are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Receivables i.e., Zoomcar Holdings' Net Receivables and Cash go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Receivables
Cash
Cash refers to the most liquid asset of Zoomcar Holdings, which is listed under current asset account on Zoomcar Holdings balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Zoomcar Holdings customers. The amounts must be unrestricted with restricted cash listed in a different Zoomcar Holdings account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Zoomcar Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoomcar Holdings 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 Zoomcar Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Zoomcar Stock please use our How to Invest in Zoomcar Holdings guide.Selling General Administrative is likely to drop to about 13 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 3.2M | 795.4K | 1.0M | 971.9K | Interest Income | 142.6K | 28.9K | 47.9K | 84.7K |
Zoomcar Holdings fundamental ratios Correlations
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Zoomcar Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Zoomcar Holdings' price analysis, check to measure Zoomcar Holdings' 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 Zoomcar Holdings is operating at the current time. Most of Zoomcar Holdings' value examination focuses on studying past and present price action to predict the probability of Zoomcar Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zoomcar Holdings' price. Additionally, you may evaluate how the addition of Zoomcar Holdings to your portfolios can decrease your overall portfolio volatility.