Canoo Net Tangible Assets vs Net Invested Capital Analysis

GOEV Stock

USD 1.54 0.01 0.65%

Canoo financial indicator trend analysis is way more than just evaluating Canoo Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canoo Inc is a good investment. Please check the relationship between Canoo Net Tangible Assets and its Net Invested Capital accounts. 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.

Net Tangible Assets vs Net Invested Capital

Net Tangible Assets vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canoo Inc Net Tangible Assets account and Net Invested Capital. At this time, the significance of the direction appears to have totally related.

The correlation between Canoo's Net Tangible Assets and Net Invested Capital is 0.99. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Canoo Inc, assuming nothing else is changed. The correlation between historical values of Canoo's Net Tangible Assets and Net Invested Capital 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 Tangible Assets of Canoo Inc are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Tangible Assets i.e., Canoo's Net Tangible Assets and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Canoo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.

Tax Provision is expected to grow at the current pace this year. Selling General Administrative is likely to drop to about 113.5 M in 2024

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	8.9M	11.6M	13.2M	10.0M
Total Operating Expenses	449.9M	506.8M	252.5M	348.6M

Reconciled Depreciation Total Operating Expenses

Canoo fundamental ratios Correlations

	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Other Current Assets	Other Stockholder Equity	Total Current Assets	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations
Total Current Liabilities		0.59	-0.89	0.98	0.85	0.68	0.9	0.02	0.91	0.67	-0.39	0.95	0.56	-0.28	0.98	0.01	-0.06	0.97	0.89	-0.81	-0.06	0.83	0.77	-0.8	-0.78	0.8
Net Tangible Assets	0.59		-0.66	0.64	0.54	0.69	0.84	0.79	0.59	0.99	-0.89	0.64	0.99	0.57	0.58	-0.77	0.74	0.57	0.8	-0.93	0.74	0.92	0.59	-0.94	-0.29	0.45
Retained Earnings	-0.89	-0.66		-0.87	-0.97	-0.64	-0.92	-0.07	-0.99	-0.76	0.4	-0.86	-0.65	0.2	-0.95	0.03	0.01	-0.94	-0.96	0.87	0.01	-0.87	-0.96	0.86	0.62	-0.94
Accounts Payable	0.98	0.64	-0.87		0.83	0.65	0.9	0.11	0.88	0.72	-0.45	0.94	0.62	-0.18	0.94	-0.08	0.03	0.94	0.88	-0.83	0.03	0.84	0.73	-0.83	-0.78	0.78
Other Assets	0.85	0.54	-0.97	0.83		0.45	0.84	-0.05	0.97	0.67	-0.24	0.76	0.55	-0.26	0.9	0.08	-0.11	0.91	0.89	-0.78	-0.11	0.77	0.95	-0.78	-0.54	0.99
Other Current Assets	0.68	0.69	-0.64	0.65	0.45		0.72	0.35	0.65	0.69	-0.77	0.86	0.68	0.02	0.66	-0.32	0.25	0.62	0.78	-0.77	0.25	0.77	0.6	-0.77	-0.7	0.37
Other Stockholder Equity	0.9	0.84	-0.92	0.9	0.84	0.72		0.36	0.89	0.9	-0.61	0.87	0.82	0.08	0.92	-0.33	0.28	0.92	0.95	-0.95	0.28	0.98	0.83	-0.95	-0.54	0.78
Total Current Assets	0.02	0.79	-0.07	0.11	-0.05	0.35	0.36		-0.01	0.69	-0.84	0.11	0.79	0.94	-0.01	-1.0	0.99	-0.03	0.27	-0.53	0.99	0.51	0.03	-0.54	0.17	-0.15
Property Plant Equipment	0.91	0.59	-0.99	0.88	0.97	0.65	0.89	-0.01		0.71	-0.37	0.89	0.6	-0.29	0.95	0.05	-0.1	0.94	0.95	-0.84	-0.1	0.83	0.96	-0.83	-0.69	0.95
Total Assets	0.67	0.99	-0.76	0.72	0.67	0.69	0.9	0.69	0.71		-0.84	0.71	0.99	0.46	0.68	-0.67	0.64	0.67	0.87	-0.97	0.64	0.96	0.7	-0.98	-0.36	0.58
Short Long Term Debt Total	-0.39	-0.89	0.4	-0.45	-0.24	-0.77	-0.61	-0.84	-0.37	-0.84		-0.56	-0.9	-0.61	-0.33	0.82	-0.77	-0.3	-0.62	0.79	-0.77	-0.74	-0.35	0.79	0.36	-0.13
Other Current Liab	0.95	0.64	-0.86	0.94	0.76	0.86	0.87	0.11	0.89	0.71	-0.56		0.63	-0.22	0.92	-0.08	0.01	0.9	0.91	-0.84	0.01	0.84	0.76	-0.84	-0.87	0.71
Total Stockholder Equity	0.56	0.99	-0.65	0.62	0.55	0.68	0.82	0.79	0.6	0.99	-0.9	0.63		0.58	0.56	-0.77	0.74	0.54	0.8	-0.93	0.74	0.91	0.61	-0.94	-0.29	0.46
Other Liab	-0.28	0.57	0.2	-0.18	-0.26	0.02	0.08	0.94	-0.29	0.46	-0.61	-0.22	0.58		-0.29	-0.95	0.97	-0.3	-0.03	-0.25	0.97	0.24	-0.21	-0.26	0.47	-0.34
Property Plant And Equipment Net	0.98	0.58	-0.95	0.94	0.9	0.66	0.92	-0.01	0.95	0.68	-0.33	0.92	0.56	-0.29		0.04	-0.1	1.0	0.91	-0.81	-0.1	0.85	0.87	-0.8	-0.68	0.87
Net Debt	0.01	-0.77	0.03	-0.08	0.08	-0.32	-0.33	-1.0	0.05	-0.67	0.82	-0.08	-0.77	-0.95	0.04		-1.0	0.06	-0.24	0.5	-1.0	-0.48	0.01	0.51	-0.19	0.18
Cash	-0.06	0.74	0.01	0.03	-0.11	0.25	0.28	0.99	-0.1	0.64	-0.77	0.01	0.74	0.97	-0.1	-1.0		-0.11	0.19	-0.46	1.0	0.44	-0.05	-0.46	0.26	-0.2
Non Current Assets Total	0.97	0.57	-0.94	0.94	0.91	0.62	0.92	-0.03	0.94	0.67	-0.3	0.9	0.54	-0.3	1.0	0.06	-0.11		0.9	-0.79	-0.11	0.83	0.86	-0.79	-0.66	0.88
Non Currrent Assets Other	0.89	0.8	-0.96	0.88	0.89	0.78	0.95	0.27	0.95	0.87	-0.62	0.91	0.8	-0.03	0.91	-0.24	0.19	0.9		-0.96	0.19	0.95	0.92	-0.95	-0.65	0.84
Long Term Debt	-0.81	-0.93	0.87	-0.83	-0.78	-0.77	-0.95	-0.53	-0.84	-0.97	0.79	-0.84	-0.93	-0.25	-0.81	0.5	-0.46	-0.79	-0.96		-0.46	-0.98	-0.8	1.0	0.54	-0.7
Cash And Short Term Investments	-0.06	0.74	0.01	0.03	-0.11	0.25	0.28	0.99	-0.1	0.64	-0.77	0.01	0.74	0.97	-0.1	-1.0	1.0	-0.11	0.19	-0.46		0.44	-0.05	-0.46	0.26	-0.2
Common Stock Total Equity	0.83	0.92	-0.87	0.84	0.77	0.77	0.98	0.51	0.83	0.96	-0.74	0.84	0.91	0.24	0.85	-0.48	0.44	0.83	0.95	-0.98	0.44		0.8	-0.98	-0.49	0.69
Common Stock Shares Outstanding	0.77	0.59	-0.96	0.73	0.95	0.6	0.83	0.03	0.96	0.7	-0.35	0.76	0.61	-0.21	0.87	0.01	-0.05	0.86	0.92	-0.8	-0.05	0.8		-0.8	-0.5	0.93
Short Term Investments	-0.8	-0.94	0.86	-0.83	-0.78	-0.77	-0.95	-0.54	-0.83	-0.98	0.79	-0.84	-0.94	-0.26	-0.8	0.51	-0.46	-0.79	-0.95	1.0	-0.46	-0.98	-0.8		0.53	-0.7
Non Current Liabilities Total	-0.78	-0.29	0.62	-0.78	-0.54	-0.7	-0.54	0.17	-0.69	-0.36	0.36	-0.87	-0.29	0.47	-0.68	-0.19	0.26	-0.66	-0.65	0.54	0.26	-0.49	-0.5	0.53		-0.5
Capital Lease Obligations	0.8	0.45	-0.94	0.78	0.99	0.37	0.78	-0.15	0.95	0.58	-0.13	0.71	0.46	-0.34	0.87	0.18	-0.2	0.88	0.84	-0.7	-0.2	0.69	0.93	-0.7	-0.5

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Canoo Account Relationship Matchups

Canoo fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	10.4M	27.9M	136.2M	218.3M	184.4M	110.8M
Net Tangible Assets	(55.9M)	571.9M	344.0M	236.6M	272.1M	220.2M
Retained Earnings	(258.7M)	(348.5M)	(692.1M)	(1.2B)	(1.5B)	(1.4B)
Accounts Payable	2.3M	17.2M	52.3M	103.2M	65.3M	44.9M
Other Assets	1.3M	14.2M	15.2M	93.4M	107.4M	112.8M
Other Current Assets	1.8M	6.5M	36.1M	9.4M	16.1M	12.9M
Other Stockholder Equity	202.8M	917.2M	1.0B	1.4B	1.7B	967.7M
Total Current Assets	31.3M	708.9M	291.3M	52.3M	32.6M	30.9M
Property Plant Equipment	39.6M	43.3M	216.5M	350.7M	403.3M	423.5M

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