Canoo Inc Stock Return On Asset

GOEV Stock

USD 0.42 0.03 6.67%

Canoo Inc fundamentals help investors to digest information that contributes to Canoo's financial success or failures. It also enables traders to predict the movement of Canoo Stock. The fundamental analysis module provides a way to measure Canoo's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Canoo stock.

Other Assets Accounts Payable

Return On Assets is likely to drop to -0.59 in 2024.

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Canoo Inc Company Return On Asset Analysis

Canoo's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

Net Income

Total Assets

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Current Canoo Return On Asset

-0.25

Most of Canoo's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Canoo Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Canoo Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Canoo is extremely important. It helps to project a fair market value of Canoo Stock properly, considering its historical fundamentals such as Return On Asset. Since Canoo's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Canoo's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Canoo's interrelated accounts and indicators.

	Net Tangible Assets	Retained Earnings	Accounts Payable	Total Current Assets	Property Plant Equipment	Total Assets	Total Stockholder Equity	Net Debt	Long Term Debt	Short Term Investments	Total Liab	Net Invested Capital	Capital Stock	Net Working Capital	Short Term Debt	Common Stock	Net Receivables	Capital Surpluse	Short Long Term Debt
Net Tangible Assets		-0.66	0.64	0.79	0.59	0.99	0.99	-0.77	-0.93	-0.94	0.71	0.99	0.79	0.47	0.45	0.56	0.44	0.56	-0.33
Retained Earnings	-0.66		-0.87	-0.07	-0.99	-0.76	-0.65	0.03	0.87	0.86	-0.96	-0.66	-0.93	0.34	-0.94	-0.93	-0.28	-0.94	0.75
Accounts Payable	0.64	-0.87		0.11	0.88	0.72	0.62	-0.08	-0.83	-0.83	0.91	0.61	0.91	-0.3	0.74	0.65	0.39	0.8	-0.37
Total Current Assets	0.79	-0.07	0.11		-0.01	0.69	0.79	-1.0	-0.53	-0.54	0.17	0.79	0.28	0.91	-0.14	0.02	0.29	-0.02	0.12
Property Plant Equipment	0.59	-0.99	0.88	-0.01		0.71	0.6	0.05	-0.84	-0.83	0.94	0.6	0.9	-0.42	0.94	0.92	0.32	0.94	-0.76
Total Assets	0.99	-0.76	0.72	0.69	0.71		0.99	-0.67	-0.97	-0.98	0.8	0.99	0.86	0.34	0.59	0.67	0.4	0.66	-0.45
Total Stockholder Equity	0.99	-0.65	0.62	0.79	0.6	0.99		-0.77	-0.93	-0.94	0.7	1.0	0.77	0.47	0.46	0.57	0.43	0.55	-0.38
Net Debt	-0.77	0.03	-0.08	-1.0	0.05	-0.67	-0.77		0.5	0.51	-0.14	-0.77	-0.26	-0.92	0.17	0.02	-0.27	0.06	-0.15
Long Term Debt	-0.93	0.87	-0.83	-0.53	-0.84	-0.97	-0.93	0.5		1.0	-0.88	-0.93	-0.92	-0.13	-0.7	-0.75	-0.48	-0.78	0.53
Short Term Investments	-0.94	0.86	-0.83	-0.54	-0.83	-0.98	-0.94	0.51	1.0		-0.88	-0.93	-0.92	-0.14	-0.69	-0.75	-0.47	-0.78	0.52
Total Liab	0.71	-0.96	0.91	0.17	0.94	0.8	0.7	-0.14	-0.88	-0.88		0.71	0.99	-0.24	0.89	0.87	0.21	0.92	-0.61
Net Invested Capital	0.99	-0.66	0.61	0.79	0.6	0.99	1.0	-0.77	-0.93	-0.93	0.71		0.77	0.47	0.48	0.59	0.38	0.56	-0.4
Capital Stock	0.79	-0.93	0.91	0.28	0.9	0.86	0.77	-0.26	-0.92	-0.92	0.99	0.77		-0.12	0.81	0.8	0.3	0.9	-0.51
Net Working Capital	0.47	0.34	-0.3	0.91	-0.42	0.34	0.47	-0.92	-0.13	-0.14	-0.24	0.47	-0.12		-0.49	-0.32	0.1	-0.39	0.36
Short Term Debt	0.45	-0.94	0.74	-0.14	0.94	0.59	0.46	0.17	-0.7	-0.69	0.89	0.48	0.81	-0.49		0.96	0.01	0.89	-0.86
Common Stock	0.56	-0.93	0.65	0.02	0.92	0.67	0.57	0.02	-0.75	-0.75	0.87	0.59	0.8	-0.32	0.96		0.12	0.9	-0.92
Net Receivables	0.44	-0.28	0.39	0.29	0.32	0.4	0.43	-0.27	-0.48	-0.47	0.21	0.38	0.3	0.1	0.01	0.12		0.36	-0.01
Capital Surpluse	0.56	-0.94	0.8	-0.02	0.94	0.66	0.55	0.06	-0.78	-0.78	0.92	0.56	0.9	-0.39	0.89	0.9	0.36		-0.69
Short Long Term Debt	-0.33	0.75	-0.37	0.12	-0.76	-0.45	-0.38	-0.15	0.53	0.52	-0.61	-0.4	-0.51	0.36	-0.86	-0.92	-0.01	-0.69

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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.

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Canoo Net Tangible Assets

Net Tangible Assets

220.24 Million

At this time, Canoo's Net Tangible Assets are fairly stable compared to the past year.

Based on the latest financial disclosure, Canoo Inc has a Return On Asset of -0.2517. This is 123.09% lower than that of the Automobiles sector and 62.99% lower than that of the Consumer Discretionary industry. The return on asset for all United States stocks is 79.79% higher than that of the company.

Canoo Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canoo's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canoo could also be used in its relative valuation, which is a method of valuing Canoo by comparing valuation metrics of similar companies.

Canoo is currently under evaluation in return on asset category among its peers.

Canoo Current Valuation Drivers

We derive many important indicators used in calculating different scores of Canoo from analyzing Canoo's financial statements. These drivers represent accounts that assess Canoo's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Canoo's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	381.2M	1.5B	1.8B	331.8M	148.3M	140.9M
Enterprise Value	452.3M	841.0M	1.5B	368.7M	228.0M	216.6M

Canoo Fundamentals

	Return On Equity	-0.73
	Return On Asset	-0.25
	Operating Margin	(48.41) %
	Current Valuation	129.96 M
	Shares Outstanding	96.78 M
	Shares Owned By Insiders	3.94 %
	Shares Owned By Institutions	21.00 %
	Number Of Shares Shorted	10.75 M
	Price To Book	0.20 X
	Price To Sales	23.36 X
	Revenue	886 K
	Gross Profit	1.88 M
	EBITDA	(282.64 M)
	Net Income	(302.02 M)
	Cash And Equivalents	36.48 M
	Cash Per Share	0.13 X
	Total Debt	89.99 M
	Debt To Equity	0.14 %
	Current Ratio	0.39 X
	Book Value Per Share	2.44 X
	Cash Flow From Operations	(251.13 M)
	Short Ratio	3.54 X
	Earnings Per Share	(1.72) X
	Target Price	3.35
	Number Of Employees	651
	Beta	1.29
	Market Capitalization	43.55 M
	Total Asset	542 M
	Retained Earnings	(1.48 B)
	Working Capital	(165.96 M)
	Net Asset	542 M

About Canoo Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Canoo Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canoo using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canoo Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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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.

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