Electrovaya Average Receivables from 2010 to 2024

ELVA Stock   2.72  0.36  15.25%   
Electrovaya Common's Average Receivables is increasing over the years with very volatile fluctuation. Average Receivables is expected to dwindle to about 435.1 K. From 2010 to 2024 Electrovaya Common Average Receivables quarterly data regression line had arithmetic mean of  850,103 and r-squared of  0. View All Fundamentals
 
Average Receivables  
First Reported
2010-12-31
Previous Quarter
842.4 K
Current Value
435.1 K
Quarterly Volatility
212.3 K
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Electrovaya Common financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Electrovaya Common's main balance sheet or income statement drivers, such as Depreciation And Amortization of 663.9 K, Total Revenue of 52.4 M or Gross Profit of 13.5 M, as well as many indicators such as Price To Sales Ratio of 2.41, Dividend Yield of 0.0 or PTB Ratio of 16.18. Electrovaya financial statements analysis is a perfect complement when working with Electrovaya Common Valuation or Volatility modules.
  
Check out the analysis of Electrovaya Common Correlation against competitors.

Latest Electrovaya Common's Average Receivables Growth Pattern

Below is the plot of the Average Receivables of Electrovaya Common Shares over the last few years. It is Electrovaya Common's Average Receivables historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Electrovaya Common's overall financial position and show how it may be relating to other accounts over time.
Average Receivables10 Years Trend
Very volatile
   Average Receivables   
       Timeline  

Electrovaya Average Receivables Regression Statistics

Arithmetic Mean850,103
Geometric Mean806,975
Coefficient Of Variation24.97
Mean Deviation137,471
Median936,022
Standard Deviation212,295
Sample Variance45.1B
Range694.3K
R-Value0.06
Mean Square Error48.4B
R-Squared0
Significance0.83
Slope2,830
Total Sum of Squares631B

Electrovaya Average Receivables History

2024435.1 K
2023842.4 K
2011936 K
2010241.7 K

About Electrovaya Common Financial Statements

Electrovaya Common stakeholders use historical fundamental indicators, such as Electrovaya Common's Average Receivables, to determine how well the company is positioned to perform in the future. Although Electrovaya Common investors may analyze each financial statement separately, they are all interrelated. For example, changes in Electrovaya Common's assets and liabilities are reflected in the revenues and expenses on Electrovaya Common's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Electrovaya Common Shares. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Average Receivables842.4 K435.1 K

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Electrovaya Common Shares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Electrovaya Common's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Electrovaya Common Shares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Electrovaya Common Shares Stock:
Check out the analysis of Electrovaya Common Correlation against competitors.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Electrical Components & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Electrovaya Common. If investors know Electrovaya will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Electrovaya Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
0.02
Revenue Per Share
1.433
Quarterly Revenue Growth
(0.03)
Return On Assets
0.0318
Return On Equity
0.087
The market value of Electrovaya Common Shares is measured differently than its book value, which is the value of Electrovaya that is recorded on the company's balance sheet. Investors also form their own opinion of Electrovaya Common's value that differs from its market value or its book value, called intrinsic value, which is Electrovaya Common's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Electrovaya Common's market value can be influenced by many factors that don't directly affect Electrovaya Common's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Electrovaya Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electrovaya Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrovaya Common's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.