EVgo Change In Working Capital vs Investments Analysis

EVGOW Stock

USD 0.68 0.02 2.86%

EVgo Equity financial indicator trend analysis is much more than just examining EVgo Equity Warrants latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EVgo Equity Warrants is a good investment. Please check the relationship between EVgo Equity Change In Working Capital and its Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EVgo Equity Warrants. 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.

Change In Working Capital vs Investments

Change In Working Capital vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EVgo Equity Warrants Change In Working Capital account and Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between EVgo Equity's Change In Working Capital and Investments is -0.75. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Investments in the same time period over historical financial statements of EVgo Equity Warrants, assuming nothing else is changed. The correlation between historical values of EVgo Equity's Change In Working Capital and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of EVgo Equity Warrants are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Change In Working Capital i.e., EVgo Equity's Change In Working Capital and Investments go up and down completely randomly.

Correlation Coefficient

-0.75

Relationship Direction	Negative
Relationship Strength	Weak

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Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Most indicators from EVgo Equity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EVgo Equity Warrants 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EVgo Equity Warrants. 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.

At this time, EVgo Equity's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 1.49 in 2024, whereas Selling General Administrative is likely to drop slightly above 87.1 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	83.0M	143.9M	163.1M	100.4M
Cost Of Revenue	29.0M	60.2M	151.2M	158.8M

Total Operating Expenses Cost Of Revenue

EVgo Equity fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Non Current Liabilities Other	Net Working Capital	Short Term Debt
Total Assets		0.98	0.89	-0.69	0.88	0.92	-0.83	-0.66	0.86	0.91	0.94	0.95	0.91	0.82	0.31	0.95	0.98	0.94	-0.67	0.97	-0.6	0.81	0.93	0.39	0.87	0.38
Other Current Liab	0.98		0.93	-0.65	0.85	0.95	-0.79	-0.62	0.86	0.88	0.93	0.93	0.88	0.78	0.14	0.9	0.94	0.95	-0.77	0.95	-0.55	0.79	0.9	0.22	0.83	0.48
Total Current Liabilities	0.89	0.93		-0.36	0.89	0.91	-0.53	-0.33	0.92	0.66	0.95	0.74	0.66	0.82	0.02	0.84	0.79	0.98	-0.71	0.94	-0.24	0.84	0.7	0.12	0.59	0.52
Total Stockholder Equity	-0.69	-0.65	-0.36		-0.29	-0.48	0.97	1.0	-0.24	-0.92	-0.4	-0.87	-0.92	-0.29	-0.14	-0.53	-0.78	-0.47	0.64	-0.48	0.99	-0.22	-0.9	-0.16	-0.94	-0.41
Property Plant And Equipment Net	0.88	0.85	0.89	-0.29		0.91	-0.48	-0.25	0.99	0.6	0.98	0.7	0.6	0.86	0.45	0.95	0.82	0.91	-0.39	0.96	-0.18	0.9	0.66	0.53	0.56	0.11
Current Deferred Revenue	0.92	0.95	0.91	-0.48	0.91		-0.64	-0.44	0.93	0.74	0.94	0.83	0.74	0.75	0.23	0.88	0.86	0.89	-0.64	0.93	-0.38	0.81	0.78	0.28	0.69	0.26
Net Debt	-0.83	-0.79	-0.53	0.97	-0.48	-0.64		0.96	-0.44	-0.99	-0.58	-0.96	-0.99	-0.49	-0.24	-0.7	-0.9	-0.63	0.65	-0.66	0.94	-0.43	-0.97	-0.27	-0.99	-0.39
Retained Earnings	-0.66	-0.62	-0.33	1.0	-0.25	-0.44	0.96		-0.21	-0.91	-0.36	-0.85	-0.91	-0.27	-0.12	-0.5	-0.76	-0.45	0.63	-0.45	0.99	-0.19	-0.88	-0.14	-0.93	-0.42
Accounts Payable	0.86	0.86	0.92	-0.24	0.99	0.93	-0.44	-0.21		0.57	0.98	0.68	0.57	0.84	0.35	0.91	0.78	0.92	-0.45	0.96	-0.13	0.9	0.63	0.43	0.52	0.16
Cash	0.91	0.88	0.66	-0.92	0.6	0.74	-0.99	-0.91	0.57		0.7	0.99	1.0	0.61	0.23	0.79	0.95	0.75	-0.69	0.77	-0.87	0.57	1.0	0.29	0.99	0.43
Non Current Assets Total	0.94	0.93	0.95	-0.4	0.98	0.94	-0.58	-0.36	0.98	0.7		0.79	0.7	0.87	0.32	0.95	0.87	0.97	-0.55	0.99	-0.29	0.9	0.75	0.41	0.65	0.29
Non Currrent Assets Other	0.95	0.93	0.74	-0.87	0.7	0.83	-0.96	-0.85	0.68	0.99	0.79		0.99	0.68	0.27	0.85	0.97	0.81	-0.69	0.84	-0.8	0.65	0.99	0.32	0.97	0.39
Cash And Short Term Investments	0.91	0.88	0.66	-0.92	0.6	0.74	-0.99	-0.91	0.57	1.0	0.7	0.99		0.61	0.23	0.79	0.95	0.75	-0.69	0.77	-0.87	0.57	1.0	0.29	0.99	0.43
Net Receivables	0.82	0.78	0.82	-0.29	0.86	0.75	-0.49	-0.27	0.84	0.61	0.87	0.68	0.61		0.39	0.87	0.74	0.86	-0.3	0.88	-0.18	0.98	0.66	0.51	0.58	0.23
Common Stock Shares Outstanding	0.31	0.14	0.02	-0.14	0.45	0.23	-0.24	-0.12	0.35	0.23	0.32	0.27	0.23	0.39		0.53	0.38	0.14	0.47	0.34	-0.14	0.41	0.26	0.99	0.29	-0.69
Non Current Liabilities Total	0.95	0.9	0.84	-0.53	0.95	0.88	-0.7	-0.5	0.91	0.79	0.95	0.85	0.79	0.87	0.53		0.94	0.91	-0.44	0.97	-0.44	0.87	0.83	0.61	0.77	0.16
Inventory	0.98	0.94	0.79	-0.78	0.82	0.86	-0.9	-0.76	0.78	0.95	0.87	0.97	0.95	0.74	0.38	0.94		0.87	-0.63	0.92	-0.71	0.72	0.97	0.45	0.93	0.32
Other Current Assets	0.94	0.95	0.98	-0.47	0.91	0.89	-0.63	-0.45	0.92	0.75	0.97	0.81	0.75	0.86	0.14	0.91	0.87		-0.69	0.98	-0.36	0.85	0.79	0.25	0.69	0.51
Other Stockholder Equity	-0.67	-0.77	-0.71	0.64	-0.39	-0.64	0.65	0.63	-0.45	-0.69	-0.55	-0.69	-0.69	-0.3	0.47	-0.44	-0.63	-0.69		-0.57	0.57	-0.28	-0.69	0.41	-0.64	-0.84
Total Liab	0.97	0.95	0.94	-0.48	0.96	0.93	-0.66	-0.45	0.96	0.77	0.99	0.84	0.77	0.88	0.34	0.97	0.92	0.98	-0.57		-0.38	0.89	0.81	0.43	0.72	0.32
Net Invested Capital	-0.6	-0.55	-0.24	0.99	-0.18	-0.38	0.94	0.99	-0.13	-0.87	-0.29	-0.8	-0.87	-0.18	-0.14	-0.44	-0.71	-0.36	0.57	-0.38		-0.1	-0.84	-0.14	-0.9	-0.36
Property Plant And Equipment Gross	0.81	0.79	0.84	-0.22	0.9	0.81	-0.43	-0.19	0.9	0.57	0.9	0.65	0.57	0.98	0.41	0.87	0.72	0.85	-0.28	0.89	-0.1		0.62	0.52	0.52	0.14
Total Current Assets	0.93	0.9	0.7	-0.9	0.66	0.78	-0.97	-0.88	0.63	1.0	0.75	0.99	1.0	0.66	0.26	0.83	0.97	0.79	-0.69	0.81	-0.84	0.62		0.32	0.99	0.43
Non Current Liabilities Other	0.39	0.22	0.12	-0.16	0.53	0.28	-0.27	-0.14	0.43	0.29	0.41	0.32	0.29	0.51	0.99	0.61	0.45	0.25	0.41	0.43	-0.14	0.52	0.32		0.34	-0.58
Net Working Capital	0.87	0.83	0.59	-0.94	0.56	0.69	-0.99	-0.93	0.52	0.99	0.65	0.97	0.99	0.58	0.29	0.77	0.93	0.69	-0.64	0.72	-0.9	0.52	0.99	0.34		0.38
Short Term Debt	0.38	0.48	0.52	-0.41	0.11	0.26	-0.39	-0.42	0.16	0.43	0.29	0.39	0.43	0.23	-0.69	0.16	0.32	0.51	-0.84	0.32	-0.36	0.14	0.43	-0.58	0.38

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EVgo Change In Working Capital vs Investments Analysis

Change In Working Capital vs Investments

Change In Working Capital vs Investments Correlation Analysis

Correlation Coefficient

Change In Working Capital

Investments

EVgo Equity fundamental ratios Correlations

EVgo Equity Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for EVgo Stock Analysis

COMMON DESTINATIONS

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COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Net Invested Capital	+ 0.99	Total Stockholder Equity
Accounts Payable	+ 0.99	Property Plant And Equipment Net

Net Working Capital	- 0.99	Net Debt
Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Total Current Assets	- 0.97	Net Debt
Non Currrent Assets Other	- 0.96	Net Debt
Net Working Capital	- 0.94	Total Stockholder Equity