Aeva Asset Turnover vs Gross Profit Margin Analysis

AEVA-WT Stock

USD 0.07 0.01 10.66%

Aeva Technologies, financial indicator trend analysis is way more than just evaluating Aeva Technologies, prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aeva Technologies, is a good investment. Please check the relationship between Aeva Technologies, Asset Turnover and its Gross Profit Margin accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aeva Technologies, WT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Asset Turnover vs Gross Profit Margin

Asset Turnover vs Gross Profit Margin Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aeva Technologies, Asset Turnover account and Gross Profit Margin. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Aeva Technologies,'s Asset Turnover and Gross Profit Margin is 0.18. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Aeva Technologies, WT, assuming nothing else is changed. The correlation between historical values of Aeva Technologies,'s Asset Turnover and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Aeva Technologies, WT are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Asset Turnover i.e., Aeva Technologies,'s Asset Turnover and Gross Profit Margin go up and down completely randomly.

Correlation Coefficient

0.18

Relationship Direction	Positive
Relationship Strength	Insignificant

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Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Gross Profit Margin

Most indicators from Aeva Technologies,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aeva 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aeva Technologies, WT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Sales General And Administrative To Revenue is likely to gain to 7.62 in 2024, whereas Selling General Administrative is likely to drop slightly above 22.3 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	107.6M	147.7M	141.9M	98.1M
Cost Of Revenue	5.8M	8.4M	10.2M	6.2M

Total Operating Expenses Cost Of Revenue

Aeva Technologies, fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Retained Earnings Total Equity	Common Stock Shares Outstanding	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt
Total Assets		0.81	0.86	0.91	0.99	0.82	0.93	0.92	-0.2	-0.76	0.96	0.64	0.92	0.89	0.99	0.89	0.82	-0.84	0.21	0.82	0.91	0.88	0.95	0.38	1.0	0.77
Short Long Term Debt Total	0.81		0.79	0.83	0.71	0.96	0.75	0.78	0.29	-0.7	0.87	0.12	0.77	0.92	0.74	0.72	0.96	-0.99	0.25	0.96	0.86	0.96	0.81	0.85	0.8	0.97
Other Current Liab	0.86	0.79		0.99	0.82	0.89	0.95	0.92	0.04	-0.91	0.96	0.39	0.94	0.93	0.81	0.59	0.89	-0.88	0.52	0.89	0.99	0.92	0.95	0.52	0.85	0.85
Total Current Liabilities	0.91	0.83	0.99		0.88	0.91	0.97	0.95	0.02	-0.9	0.98	0.43	0.97	0.95	0.87	0.67	0.91	-0.9	0.47	0.91	1.0	0.95	0.98	0.52	0.9	0.87
Total Stockholder Equity	0.99	0.71	0.82	0.88		0.74	0.92	0.9	-0.3	-0.73	0.92	0.72	0.9	0.83	1.0	0.89	0.74	-0.75	0.18	0.74	0.87	0.81	0.93	0.24	0.99	0.68
Net Tangible Assets	0.82	0.96	0.89	0.91	0.74		0.85	0.9	0.35	-0.88	0.91	0.16	0.86	0.99	0.76	0.61	1.0	-0.98	0.51	1.0	0.93	0.99	0.88	0.77	0.82	0.98
Property Plant And Equipment Net	0.93	0.75	0.95	0.97	0.92	0.85		0.97	-0.04	-0.91	0.94	0.49	1.0	0.91	0.9	0.68	0.85	-0.82	0.46	0.85	0.95	0.89	0.99	0.36	0.92	0.8
Current Deferred Revenue	0.92	0.78	0.92	0.95	0.9	0.9	0.97		0.08	-0.95	0.94	0.47	0.97	0.96	0.89	0.65	0.9	-0.85	0.57	0.9	0.94	0.91	0.97	0.41	0.91	0.83
Net Debt	-0.2	0.29	0.04	0.02	-0.3	0.35	-0.04	0.08		-0.28	-0.06	-0.81	0.02	0.24	-0.29	-0.4	0.35	-0.26	0.53	0.35	0.04	0.22	-0.02	0.59	-0.21	0.41
Retained Earnings	-0.76	-0.7	-0.91	-0.9	-0.73	-0.88	-0.91	-0.95	-0.28		-0.84	-0.26	-0.92	-0.92	-0.71	-0.39	-0.88	0.8	-0.78	-0.88	-0.89	-0.85	-0.9	-0.44	-0.75	-0.81
Accounts Payable	0.96	0.87	0.96	0.98	0.92	0.91	0.94	0.94	-0.06	-0.84		0.51	0.93	0.95	0.92	0.78	0.91	-0.92	0.36	0.91	0.99	0.96	0.97	0.54	0.95	0.87
Cash	0.64	0.12	0.39	0.43	0.72	0.16	0.49	0.47	-0.81	-0.26	0.51		0.43	0.28	0.71	0.66	0.16	-0.18	-0.08	0.16	0.41	0.25	0.48	-0.35	0.65	0.04
Non Current Assets Total	0.92	0.77	0.94	0.97	0.9	0.86	1.0	0.97	0.02	-0.92	0.93	0.43		0.92	0.88	0.67	0.86	-0.83	0.47	0.86	0.95	0.9	0.99	0.4	0.91	0.82
Non Currrent Assets Other	0.89	0.92	0.93	0.95	0.83	0.99	0.91	0.96	0.24	-0.92	0.95	0.28	0.92		0.83	0.65	0.99	-0.96	0.53	0.99	0.96	0.98	0.94	0.66	0.88	0.95
Cash And Short Term Investments	0.99	0.74	0.81	0.87	1.0	0.76	0.9	0.89	-0.29	-0.71	0.92	0.71	0.88	0.83		0.91	0.76	-0.77	0.16	0.76	0.86	0.82	0.92	0.28	0.99	0.69
Net Receivables	0.89	0.72	0.59	0.67	0.89	0.61	0.68	0.65	-0.4	-0.39	0.78	0.66	0.67	0.65	0.91		0.61	-0.69	-0.24	0.61	0.68	0.69	0.73	0.33	0.9	0.59
Common Stock Total Equity	0.82	0.96	0.89	0.91	0.74	1.0	0.85	0.9	0.35	-0.88	0.91	0.16	0.86	0.99	0.76	0.61		-0.98	0.51	1.0	0.93	0.99	0.88	0.77	0.82	0.98
Retained Earnings Total Equity	-0.84	-0.99	-0.88	-0.9	-0.75	-0.98	-0.82	-0.85	-0.26	0.8	-0.92	-0.18	-0.83	-0.96	-0.77	-0.69	-0.98		-0.36	-0.98	-0.93	-0.99	-0.87	-0.81	-0.83	-0.98
Common Stock Shares Outstanding	0.21	0.25	0.52	0.47	0.18	0.51	0.46	0.57	0.53	-0.78	0.36	-0.08	0.47	0.53	0.16	-0.24	0.51	-0.36		0.51	0.46	0.42	0.42	0.21	0.19	0.43
Capital Surpluse	0.82	0.96	0.89	0.91	0.74	1.0	0.85	0.9	0.35	-0.88	0.91	0.16	0.86	0.99	0.76	0.61	1.0	-0.98	0.51		0.93	0.99	0.88	0.77	0.82	0.98
Inventory	0.91	0.86	0.99	1.0	0.87	0.93	0.95	0.94	0.04	-0.89	0.99	0.41	0.95	0.96	0.86	0.68	0.93	-0.93	0.46	0.93		0.96	0.97	0.57	0.9	0.89
Other Current Assets	0.88	0.96	0.92	0.95	0.81	0.99	0.89	0.91	0.22	-0.85	0.96	0.25	0.9	0.98	0.82	0.69	0.99	-0.99	0.42	0.99	0.96		0.92	0.74	0.87	0.98
Other Stockholder Equity	0.95	0.81	0.95	0.98	0.93	0.88	0.99	0.97	-0.02	-0.9	0.97	0.48	0.99	0.94	0.92	0.73	0.88	-0.87	0.42	0.88	0.97	0.92		0.43	0.94	0.84
Total Liab	0.38	0.85	0.52	0.52	0.24	0.77	0.36	0.41	0.59	-0.44	0.54	-0.35	0.4	0.66	0.28	0.33	0.77	-0.81	0.21	0.77	0.57	0.74	0.43		0.37	0.84
Total Current Assets	1.0	0.8	0.85	0.9	0.99	0.82	0.92	0.91	-0.21	-0.75	0.95	0.65	0.91	0.88	0.99	0.9	0.82	-0.83	0.19	0.82	0.9	0.87	0.94	0.37		0.76
Short Term Debt	0.77	0.97	0.85	0.87	0.68	0.98	0.8	0.83	0.41	-0.81	0.87	0.04	0.82	0.95	0.69	0.59	0.98	-0.98	0.43	0.98	0.89	0.98	0.84	0.84	0.76

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Aeva Asset Turnover vs Gross Profit Margin Analysis

Asset Turnover vs Gross Profit Margin

Asset Turnover vs Gross Profit Margin Correlation Analysis

Correlation Coefficient

Asset Turnover

Gross Profit Margin

Aeva Technologies, fundamental ratios Correlations

Aeva Technologies, Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Total Current Assets	+ 1.0	Total Assets
Inventory	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Total Stockholder Equity
Common Stock Total Equity	+ 1.0	Net Tangible Assets
Capital Surpluse	+ 1.0	Net Tangible Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Other Current Assets	- 0.99	Retained Earnings Total Equity
Retained Earnings Total Equity	- 0.99	Short Long Term Debt Total
Short Term Debt	- 0.98	Retained Earnings Total Equity
Capital Surpluse	- 0.98	Retained Earnings Total Equity
Retained Earnings Total Equity	- 0.98	Common Stock Total Equity
Retained Earnings Total Equity	- 0.98	Net Tangible Assets