GreenPower Other Non Cash Items vs Change To Netincome Analysis

GPV Stock  CAD 1.26  0.05  4.13%   
GreenPower financial indicator trend analysis is much more than just examining GreenPower Motor latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GreenPower Motor is a good investment. Please check the relationship between GreenPower Other Non Cash Items and its Change To Netincome accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GreenPower Motor. 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.

Other Non Cash Items vs Change To Netincome

Other Non Cash Items vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GreenPower Motor Other Non Cash Items account and Change To Netincome. At this time, the significance of the direction appears to have very week relationship.
The correlation between GreenPower's Other Non Cash Items and Change To Netincome is 0.25. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of GreenPower Motor, assuming nothing else is changed. The correlation between historical values of GreenPower's Other Non Cash Items and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of GreenPower Motor are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Other Non Cash Items i.e., GreenPower's Other Non Cash Items and Change To Netincome go up and down completely randomly.

Correlation Coefficient

0.25
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Non Cash Items

Change To Netincome

Most indicators from GreenPower's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GreenPower Motor 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 GreenPower Motor. 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.
Selling General Administrative is likely to climb to about 17.2 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 494.8 K in 2024.

GreenPower fundamental ratios Correlations

0.820.47-0.920.310.930.670.310.820.941.00.570.880.840.970.490.850.880.810.50.980.730.930.870.750.82
0.82-0.08-0.570.610.660.710.610.670.650.840.20.460.760.70.620.40.50.580.430.790.240.870.470.260.36
0.47-0.08-0.67-0.560.590.11-0.560.450.560.440.590.810.330.630.090.840.720.540.130.450.890.230.760.860.88
-0.92-0.57-0.67-0.15-0.93-0.53-0.15-0.8-0.97-0.9-0.76-0.94-0.64-0.94-0.35-0.95-0.95-0.7-0.47-0.95-0.88-0.86-0.94-0.92-0.92
0.310.61-0.56-0.150.280.61.00.260.20.31-0.06-0.080.280.090.02-0.080.060.030.640.35-0.130.51-0.08-0.08-0.14
0.930.660.59-0.930.280.740.280.870.880.90.60.880.750.890.340.890.940.740.660.920.860.830.830.850.87
0.670.710.11-0.530.60.740.60.670.480.650.060.410.560.520.430.420.450.370.830.630.460.640.30.410.46
0.310.61-0.56-0.151.00.280.60.260.20.31-0.06-0.080.280.090.02-0.080.060.030.640.35-0.130.51-0.08-0.08-0.14
0.820.670.45-0.80.260.870.670.260.730.80.580.720.680.780.430.720.790.710.570.80.670.730.660.660.71
0.940.650.56-0.970.20.880.480.20.730.930.710.910.680.960.40.90.910.710.380.970.780.910.940.840.85
1.00.840.44-0.90.310.90.650.310.80.930.560.870.850.970.510.830.860.810.460.980.70.940.860.720.79
0.570.20.59-0.76-0.060.60.06-0.060.580.710.560.710.30.650.110.730.750.450.10.640.660.540.750.740.68
0.880.460.81-0.94-0.080.880.41-0.080.720.910.870.710.740.940.260.990.950.830.380.860.930.710.980.930.97
0.840.760.33-0.640.280.750.560.280.680.680.850.30.740.790.220.670.70.940.50.740.550.680.70.510.62
0.970.70.63-0.940.090.890.520.090.780.960.970.650.940.790.50.920.910.820.340.960.80.870.950.820.89
0.490.620.09-0.350.020.340.430.020.430.40.510.110.260.220.50.220.230.14-0.110.490.120.540.270.120.28
0.850.40.84-0.95-0.080.890.42-0.080.720.90.830.730.990.670.920.220.950.780.420.840.960.690.970.970.98
0.880.50.72-0.950.060.940.450.060.790.910.860.750.950.70.910.230.950.790.440.880.890.760.940.910.9
0.810.580.54-0.70.030.740.370.030.710.710.810.450.830.940.820.140.780.790.370.710.660.590.80.630.72
0.50.430.13-0.470.640.660.830.640.570.380.460.10.380.50.34-0.110.420.440.370.480.510.450.260.470.42
0.980.790.45-0.950.350.920.630.350.80.970.980.640.860.740.960.490.840.880.710.480.720.970.870.770.8
0.730.240.89-0.88-0.130.860.46-0.130.670.780.70.660.930.550.80.120.960.890.660.510.720.540.860.980.98
0.930.870.23-0.860.510.830.640.510.730.910.940.540.710.680.870.540.690.760.590.450.970.540.750.610.64
0.870.470.76-0.94-0.080.830.3-0.080.660.940.860.750.980.70.950.270.970.940.80.260.870.860.750.890.92
0.750.260.86-0.92-0.080.850.41-0.080.660.840.720.740.930.510.820.120.970.910.630.470.770.980.610.890.96
0.820.360.88-0.92-0.140.870.46-0.140.710.850.790.680.970.620.890.280.980.90.720.420.80.980.640.920.96
Click cells to compare fundamentals

GreenPower Account Relationship Matchups

GreenPower fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.2M39.6M49.6M63.5M45.2M47.5M
Total Stockholder Equity(1.2M)36.2M34.4M27.7M11.6M9.2M
Net Debt11.9M(14.0M)5.0M15.1M15.6M16.4M
Retained Earnings(23.9M)(31.6M)(46.4M)(60.8M)(79.0M)(75.1M)
Cash299.7K15.1M884.8K600.4K1.2M1.7M
Non Current Assets Total5.1M6.7M6.5M9.4M8.3M8.8M
Non Currrent Assets Other2.7M4.2M3.0M1.9M1.5M1.5M
Cash And Short Term Investments299.7K15.1M884.8K600.4K1.2M1.7M
Common Stock Shares Outstanding15.2M18.1M21.9M23.5M25.0M13.5M
Liabilities And Stockholders Equity13.2M39.6M49.6M63.5M45.2M47.5M
Other Stockholder Equity379.5K6.6M9.9M12.9M14.9M15.6M
Total Current Assets8.1M32.9M43.1M54.2M36.9M38.7M
Other Current Liab121.9K101.3K313.5K535.5K886.9K931.2K
Total Current Liabilities7.4M2.1M11.5M26.5M21.3M22.4M
Net Receivables1.1M4.8M3.5M11.6M2.9M2.2M
Inventory6.6M12.5M32.3M41.6M32.0M33.6M
Other Current Assets174.0K534.9K6.5M328.6K748.4K725.9K
Total Liab14.4M3.5M15.2M35.9M33.6M35.3M
Property Plant And Equipment Net2.4M2.5M3.6M7.5M6.9M7.2M
Accounts Payable1.0M1.3M1.7M7.3M3.0M1.6M
Other Assets2.7M4.2M(1.0)1.9M2.2M1.2M
Accumulated Other Comprehensive Income5.4M6.6M9.9M12.9M14.2M14.9M
Common Stock16.9M61.2M70.8M75.5M76.4M80.2M
Short Long Term Debt Total12.2M1.1M5.9M15.7M16.8M17.6M
Net Tangible Assets(1.2M)36.2M34.4M27.7M31.8M33.4M
Current Deferred Revenue426.2K125.0K3.6M8.1M7.1M7.4M
Non Current Liabilities Total7.0M1.3M3.7M9.4M12.3M13.0M
Short Long Term Debt5.5M346.2K5.8M9.9M9.7M10.2M
Short Term Debt5.8M612.2K5.9M10.6M10.4M10.9M
Property Plant Equipment2.4M2.5M3.6M7.5M8.6M9.0M
Long Term Debt4.1M6.0M365.3K608.8K2.4M2.5M
Non Current Liabilities Other251.9K573.2K42.8K34.3K1.3M1.3M
Other Liab573.2K848.5K3.7M4.2M4.8M5.1M
Net Invested Capital10.4M36.9M40.2M38.2M23.7M25.9M
Net Working Capital743.1K30.8M31.6M27.7M15.6M17.0M
Capital Lease Obligations659.1K386.7K120.6K5.2M4.6M4.9M
Capital Stock16.9M61.2M70.8M75.5M76.4M57.5M

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Additional Tools for GreenPower Stock Analysis

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