Canoo Historical Income Statement

GOEV Stock  USD 0.62  0.12  16.22%   
Historical analysis of Canoo income statement accounts such as Depreciation And Amortization of 11.2 M or Selling General Administrative of 113.5 M can show how well Canoo Inc performed in making a profits. Evaluating Canoo income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Canoo's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Canoo Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Canoo Inc is a good buy for the upcoming year.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo 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 income.

About Canoo Income Statement Analysis

Canoo Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Canoo shareholders. The income statement also shows Canoo investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Canoo Income Statement Chart

At this time, Canoo's Interest Expense is fairly stable compared to the past year. Other Operating Expenses is likely to climb to about 352.3 M in 2024, despite the fact that Net Loss is likely to grow to (417 M).

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Canoo Inc. It is also known as Canoo overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Canoo Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Canoo Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most accounts from Canoo's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canoo Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo 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 income.
At this time, Canoo's Interest Expense is fairly stable compared to the past year. Other Operating Expenses is likely to climb to about 352.3 M in 2024, despite the fact that Net Loss is likely to grow to (417 M).
 2021 2022 2023 2024 (projected)
Reconciled Depreciation8.9M11.6M13.2M10.0M
Total Operating Expenses449.9M506.8M252.5M348.6M

Canoo income statement Correlations

-0.94-0.82-0.950.24-0.960.970.82-0.910.96-0.96-0.790.84-0.50.690.820.88
-0.940.720.95-0.140.94-0.96-0.830.89-0.980.940.68-0.870.41-0.7-0.89-0.85
-0.820.720.89-0.560.84-0.81-0.880.72-0.740.820.99-0.830.13-0.8-0.46-0.94
-0.950.950.89-0.380.97-0.96-0.930.89-0.940.960.86-0.930.28-0.81-0.76-0.96
0.24-0.14-0.56-0.38-0.310.170.48-0.210.1-0.29-0.590.340.340.4-0.020.6
-0.960.940.840.97-0.31-0.99-0.90.97-0.971.00.79-0.930.36-0.81-0.75-0.9
0.97-0.96-0.81-0.960.17-0.990.88-0.960.99-0.99-0.760.92-0.410.790.780.86
0.82-0.83-0.88-0.930.48-0.90.88-0.860.82-0.89-0.840.990.050.960.510.93
-0.910.890.720.89-0.210.97-0.96-0.86-0.940.980.65-0.90.35-0.8-0.69-0.79
0.96-0.98-0.74-0.940.1-0.970.990.82-0.94-0.97-0.690.87-0.490.70.860.83
-0.960.940.820.96-0.291.0-0.99-0.890.98-0.970.77-0.920.37-0.8-0.75-0.89
-0.790.680.990.86-0.590.79-0.76-0.840.65-0.690.77-0.780.13-0.74-0.45-0.93
0.84-0.87-0.83-0.930.34-0.930.920.99-0.90.87-0.92-0.78-0.010.960.560.89
-0.50.410.130.280.340.36-0.410.050.35-0.490.370.13-0.010.21-0.67-0.14
0.69-0.7-0.8-0.810.4-0.810.790.96-0.80.7-0.8-0.740.960.210.30.8
0.82-0.89-0.46-0.76-0.02-0.750.780.51-0.690.86-0.75-0.450.56-0.670.30.64
0.88-0.85-0.94-0.960.6-0.90.860.93-0.790.83-0.89-0.930.89-0.140.80.64
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Canoo Account Relationship Matchups

Canoo income statement Accounts

201920202021202220232024 (projected)
Ebit(173.7M)(200.4M)(553.8M)(530.6M)(267.8M)(281.2M)
Net Income Applicable To Common Shares(182.4M)(89.8M)(346.8M)(487.7M)(438.9M)(417.0M)

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Additional Tools for Canoo Stock Analysis

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