Evolv Total Assets vs Net Receivables Analysis

EVLV Stock

USD 2.54 0.03 1.17%

Evolv Technologies financial indicator trend analysis is much more than just examining Evolv Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evolv Technologies is a good investment. Please check the relationship between Evolv Technologies Total Assets and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evolv Technologies 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 bureau of economic analysis.

Total Assets vs Net Receivables

Total Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evolv Technologies Total Assets account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Evolv Technologies' Total Assets and Net Receivables is 0.83. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Evolv Technologies Holdings, assuming nothing else is changed. The correlation between historical values of Evolv Technologies' Total Assets and Net Receivables 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 Evolv Technologies Holdings are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Assets i.e., Evolv Technologies' Total Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

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Total Assets

Total assets refers to the total amount of Evolv Technologies 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 Evolv Technologies 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.

Net Receivables

Most indicators from Evolv Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evolv Technologies 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 Evolv Technologies 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 bureau of economic analysis.

Selling General Administrative is likely to climb to about 89.2 M in 2024, whereas Tax Provision is likely to drop slightly above 28.1 K in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	6.7M	712K	654K	621.3K
Depreciation And Amortization	2.9M	6.3M	9.9M	10.4M

Interest Expense Depreciation And Amortization

Evolv Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.4	0.93	0.82	0.99	0.95	0.92	0.7	0.67	-0.88	-0.75	0.85	0.87	0.73	0.99	0.95	0.95	0.83	-0.14	-0.75	0.67	0.91	0.76	0.99	0.57	0.99
Short Long Term Debt Total	0.4		0.33	0.28	0.39	0.26	0.5	-0.01	-0.03	-0.44	-0.12	0.47	0.52	0.03	0.47	0.3	0.42	0.51	-0.45	0.04	0.52	0.49	0.21	0.36	0.27	0.43
Other Current Liab	0.93	0.33		0.96	0.87	0.95	0.92	0.85	0.83	-0.65	-0.9	0.95	0.65	0.87	0.96	0.95	0.78	0.9	-0.13	-0.52	0.78	0.97	0.88	0.97	0.82	0.87
Total Current Liabilities	0.82	0.28	0.96		0.74	0.88	0.79	0.86	0.85	-0.47	-0.92	0.97	0.48	0.88	0.88	0.87	0.62	0.94	0.07	-0.4	0.88	0.96	0.92	0.9	0.91	0.74
Total Stockholder Equity	0.99	0.39	0.87	0.74		0.91	0.89	0.61	0.58	-0.94	-0.66	0.78	0.93	0.65	0.95	0.91	0.99	0.76	-0.15	-0.81	0.59	0.85	0.67	0.96	0.45	1.0
Other Liab	0.95	0.26	0.95	0.88	0.91		0.9	0.88	0.86	-0.72	-0.9	0.88	0.7	0.9	0.96	1.0	0.86	0.84	-0.12	-0.71	0.7	0.92	0.89	0.96	0.7	0.91
Net Tangible Assets	0.92	0.5	0.92	0.79	0.89	0.9		0.7	0.67	-0.76	-0.75	0.82	0.76	0.73	0.94	0.92	0.85	0.75	-0.47	-0.49	0.59	0.88	0.71	0.92	0.66	0.89
Property Plant And Equipment Net	0.7	-0.01	0.85	0.86	0.61	0.88	0.7		1.0	-0.3	-0.99	0.81	0.28	1.0	0.75	0.87	0.51	0.75	-0.01	-0.45	0.68	0.81	0.96	0.77	0.85	0.6
Current Deferred Revenue	0.67	-0.03	0.83	0.85	0.58	0.86	0.67	1.0		-0.27	-0.99	0.8	0.24	1.0	0.73	0.85	0.48	0.74	0.01	-0.42	0.67	0.79	0.95	0.74	0.86	0.57
Net Debt	-0.88	-0.44	-0.65	-0.47	-0.94	-0.72	-0.76	-0.3	-0.27		0.35	-0.54	-1.0	-0.35	-0.81	-0.72	-0.97	-0.55	0.21	0.81	-0.36	-0.64	-0.38	-0.81	-0.13	-0.94
Retained Earnings	-0.75	-0.12	-0.9	-0.92	-0.66	-0.9	-0.75	-0.99	-0.99	0.35		-0.89	-0.34	-0.99	-0.81	-0.9	-0.55	-0.83	0.03	0.43	-0.77	-0.88	-0.98	-0.82	-0.9	-0.66
Accounts Payable	0.85	0.47	0.95	0.97	0.78	0.88	0.82	0.81	0.8	-0.54	-0.89		0.56	0.83	0.92	0.88	0.68	0.99	0.01	-0.42	0.94	0.99	0.92	0.9	0.88	0.78
Cash	0.87	0.52	0.65	0.48	0.93	0.7	0.76	0.28	0.24	-1.0	-0.34	0.56		0.32	0.81	0.7	0.96	0.57	-0.23	-0.76	0.39	0.65	0.37	0.8	0.14	0.93
Non Current Assets Total	0.73	0.03	0.87	0.88	0.65	0.9	0.73	1.0	1.0	-0.35	-0.99	0.83	0.32		0.78	0.9	0.55	0.77	-0.02	-0.47	0.69	0.83	0.96	0.79	0.85	0.64
Non Currrent Assets Other	0.99	0.47	0.96	0.88	0.95	0.96	0.94	0.75	0.73	-0.81	-0.81	0.92	0.81	0.78		0.96	0.9	0.89	-0.18	-0.64	0.76	0.96	0.82	0.99	0.69	0.96
Other Assets	0.95	0.3	0.95	0.87	0.91	1.0	0.92	0.87	0.85	-0.72	-0.9	0.88	0.7	0.9	0.96		0.86	0.83	-0.2	-0.67	0.69	0.92	0.88	0.96	0.71	0.91
Cash And Short Term Investments	0.95	0.42	0.78	0.62	0.99	0.86	0.85	0.51	0.48	-0.97	-0.55	0.68	0.96	0.55	0.9	0.86		0.67	-0.22	-0.83	0.49	0.77	0.57	0.9	0.31	0.99
Net Receivables	0.83	0.51	0.9	0.94	0.76	0.84	0.75	0.75	0.74	-0.55	-0.83	0.99	0.57	0.77	0.89	0.83	0.67		0.1	-0.44	0.97	0.97	0.89	0.87	0.83	0.77
Common Stock Shares Outstanding	-0.14	-0.45	-0.13	0.07	-0.15	-0.12	-0.47	-0.01	0.01	0.21	0.03	0.01	-0.23	-0.02	-0.18	-0.2	-0.22	0.1		-0.18	0.2	-0.07	0.07	-0.1	-0.04	-0.17
Non Current Liabilities Total	-0.75	0.04	-0.52	-0.4	-0.81	-0.71	-0.49	-0.45	-0.42	0.81	0.43	-0.42	-0.76	-0.47	-0.64	-0.67	-0.83	-0.44	-0.18		-0.27	-0.49	-0.46	-0.69	-0.05	-0.79
Capital Lease Obligations	0.67	0.52	0.78	0.88	0.59	0.7	0.59	0.68	0.67	-0.36	-0.77	0.94	0.39	0.69	0.76	0.69	0.49	0.97	0.2	-0.27		0.89	0.85	0.73	0.83	0.61
Inventory	0.91	0.49	0.97	0.96	0.85	0.92	0.88	0.81	0.79	-0.64	-0.88	0.99	0.65	0.83	0.96	0.92	0.77	0.97	-0.07	-0.49	0.89		0.9	0.95	0.83	0.86
Other Current Assets	0.76	0.21	0.88	0.92	0.67	0.89	0.71	0.96	0.95	-0.38	-0.98	0.92	0.37	0.96	0.82	0.88	0.57	0.89	0.07	-0.46	0.85	0.9		0.82	0.89	0.67
Other Stockholder Equity	0.99	0.36	0.97	0.9	0.96	0.96	0.92	0.77	0.74	-0.81	-0.82	0.9	0.8	0.79	0.99	0.96	0.9	0.87	-0.1	-0.69	0.73	0.95	0.82		0.67	0.96
Total Liab	0.57	0.27	0.82	0.91	0.45	0.7	0.66	0.85	0.86	-0.13	-0.9	0.88	0.14	0.85	0.69	0.71	0.31	0.83	-0.04	-0.05	0.83	0.83	0.89	0.67		0.45
Net Invested Capital	0.99	0.43	0.87	0.74	1.0	0.91	0.89	0.6	0.57	-0.94	-0.66	0.78	0.93	0.64	0.96	0.91	0.99	0.77	-0.17	-0.79	0.61	0.86	0.67	0.96	0.45

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Evolv Total Assets vs Net Receivables Analysis

Total Assets vs Net Receivables

Total Assets vs Net Receivables Correlation Analysis

Correlation Coefficient

Total Assets

Net Receivables

Evolv Technologies fundamental ratios Correlations

Evolv Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Stockholder Equity
Other Assets	+ 1.0	Other Liab
Current Deferred Revenue	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 1.0	Current Deferred Revenue
Total Stockholder Equity	+ 0.99	Total Assets

Cash	- 1.0	Net Debt
Non Current Assets Total	- 0.99	Retained Earnings
Retained Earnings	- 0.99	Current Deferred Revenue
Retained Earnings	- 0.99	Property Plant And Equipment Net
Other Current Assets	- 0.98	Retained Earnings
Cash And Short Term Investments	- 0.97	Net Debt