Luminar Net Income vs Net Income Per E B T Analysis

LAZR Stock

USD 8.95 1.91 17.59%

Luminar Technologies financial indicator trend analysis is infinitely more than just investigating Luminar Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Luminar Technologies is a good investment. Please check the relationship between Luminar Technologies Net Income and its Net Income Per E B T accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Luminar Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in Luminar Stock, please use our How to Invest in Luminar Technologies guide.

Net Income vs Net Income Per E B T

Net Income vs Net Income Per E B T Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Luminar Technologies Net Income account and Net Income Per E B T. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Luminar Technologies' Net Income and Net Income Per E B T is -0.16. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Income Per E B T in the same time period over historical financial statements of Luminar Technologies, assuming nothing else is changed. The correlation between historical values of Luminar Technologies' Net Income and Net Income Per E B T 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 Income of Luminar Technologies are associated (or correlated) with its Net Income Per E B T. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per E B T has no effect on the direction of Net Income i.e., Luminar Technologies' Net Income and Net Income Per E B T go up and down completely randomly.

Correlation Coefficient

-0.16

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Luminar Technologies financial statement analysis. It represents the amount of money remaining after all of Luminar Technologies operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Net Income Per E B T

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

To learn how to invest in Luminar Stock, please use our How to Invest in Luminar Technologies guide.As of 11/24/2024, Tax Provision is likely to grow to about 1.8 M, while Selling General Administrative is likely to drop slightly above 87.9 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	200.4M	382.1M	475.1M	498.9M
Cost Of Revenue	46.1M	101.0M	142.5M	149.6M

Total Operating Expenses Cost Of Revenue

Luminar Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	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	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets
Total Assets		0.87	0.76	0.81	0.14	0.76	0.78	0.55	0.67	0.67	-0.8	0.85	0.9	0.67	0.81	0.67	0.98	0.88	0.64	0.82	0.95	0.86	0.87	0.9	0.94	0.99
Short Long Term Debt Total	0.87		0.88	0.94	-0.16	0.72	0.45	0.72	0.71	0.9	-0.86	0.98	0.67	0.82	0.8	0.84	0.78	0.98	0.78	0.86	0.96	0.98	0.95	0.93	0.93	0.81
Other Current Liab	0.76	0.88		0.94	-0.45	0.43	0.26	0.93	0.9	0.94	-0.98	0.92	0.52	0.99	0.73	0.99	0.65	0.91	0.81	0.82	0.89	0.88	0.86	0.9	0.88	0.68
Total Current Liabilities	0.81	0.94	0.94		-0.35	0.46	0.32	0.8	0.81	0.88	-0.93	0.98	0.56	0.9	0.82	0.9	0.69	0.97	0.85	0.89	0.94	0.94	0.91	0.96	0.94	0.73
Total Stockholder Equity	0.14	-0.16	-0.45	-0.35		0.3	0.63	-0.63	-0.54	-0.45	0.43	-0.24	0.28	-0.55	-0.03	-0.53	0.27	-0.19	-0.23	-0.38	-0.14	-0.24	-0.08	-0.16	-0.17	0.24
Other Liab	0.76	0.72	0.43	0.46	0.3		0.69	0.29	0.34	0.51	-0.46	0.58	0.81	0.34	0.48	0.37	0.79	0.63	0.26	0.58	0.69	0.71	0.63	0.56	0.65	0.79
Net Tangible Assets	0.78	0.45	0.26	0.32	0.63	0.69		0.09	0.29	0.13	-0.36	0.41	0.9	0.16	0.4	0.15	0.86	0.48	0.13	0.35	0.57	0.46	0.43	0.56	0.56	0.84
Property Plant And Equipment Net	0.55	0.72	0.93	0.8	-0.63	0.29	0.09		0.94	0.87	-0.93	0.79	0.38	0.97	0.43	0.96	0.43	0.78	0.58	0.68	0.72	0.77	0.63	0.77	0.71	0.46
Current Deferred Revenue	0.67	0.71	0.9	0.81	-0.54	0.34	0.29	0.94		0.76	-0.96	0.78	0.59	0.91	0.48	0.89	0.59	0.78	0.5	0.79	0.79	0.79	0.6	0.83	0.81	0.61
Net Debt	0.67	0.9	0.94	0.88	-0.45	0.51	0.13	0.87	0.76		-0.88	0.9	0.4	0.94	0.7	0.96	0.55	0.88	0.81	0.77	0.82	0.87	0.88	0.8	0.8	0.59
Retained Earnings	-0.8	-0.86	-0.98	-0.93	0.43	-0.46	-0.36	-0.93	-0.96	-0.88		-0.92	-0.63	-0.97	-0.67	-0.96	-0.7	-0.92	-0.7	-0.85	-0.91	-0.9	-0.8	-0.93	-0.91	-0.73
Accounts Payable	0.85	0.98	0.92	0.98	-0.24	0.58	0.41	0.79	0.78	0.9	-0.92		0.62	0.89	0.78	0.89	0.74	1.0	0.81	0.85	0.96	0.97	0.93	0.97	0.94	0.77
Cash	0.9	0.67	0.52	0.56	0.28	0.81	0.9	0.38	0.59	0.4	-0.63	0.62		0.43	0.52	0.42	0.94	0.69	0.25	0.67	0.79	0.71	0.59	0.74	0.79	0.93
Non Current Assets Total	0.67	0.82	0.99	0.9	-0.55	0.34	0.16	0.97	0.91	0.94	-0.97	0.89	0.43		0.65	1.0	0.55	0.87	0.76	0.78	0.82	0.84	0.79	0.85	0.82	0.59
Non Currrent Assets Other	0.81	0.8	0.73	0.82	-0.03	0.48	0.4	0.43	0.48	0.7	-0.67	0.78	0.52	0.65		0.65	0.76	0.78	0.91	0.79	0.83	0.71	0.93	0.76	0.84	0.78
Other Assets	0.67	0.84	0.99	0.9	-0.53	0.37	0.15	0.96	0.89	0.96	-0.96	0.89	0.42	1.0	0.65		0.55	0.87	0.78	0.77	0.82	0.84	0.81	0.85	0.81	0.58
Cash And Short Term Investments	0.98	0.78	0.65	0.69	0.27	0.79	0.86	0.43	0.59	0.55	-0.7	0.74	0.94	0.55	0.76	0.55		0.79	0.53	0.74	0.88	0.77	0.79	0.82	0.87	1.0
Net Receivables	0.88	0.98	0.91	0.97	-0.19	0.63	0.48	0.78	0.78	0.88	-0.92	1.0	0.69	0.87	0.78	0.87	0.79		0.78	0.86	0.97	0.98	0.92	0.98	0.95	0.81
Good Will	0.64	0.78	0.81	0.85	-0.23	0.26	0.13	0.58	0.5	0.81	-0.7	0.81	0.25	0.76	0.91	0.78	0.53	0.78		0.66	0.74	0.67	0.91	0.73	0.73	0.56
Common Stock Shares Outstanding	0.82	0.86	0.82	0.89	-0.38	0.58	0.35	0.68	0.79	0.77	-0.85	0.85	0.67	0.78	0.79	0.77	0.74	0.86	0.66		0.92	0.89	0.81	0.85	0.95	0.76
Non Current Liabilities Total	0.95	0.96	0.89	0.94	-0.14	0.69	0.57	0.72	0.79	0.82	-0.91	0.96	0.79	0.82	0.83	0.82	0.88	0.97	0.74	0.92		0.96	0.92	0.97	0.99	0.9
Inventory	0.86	0.98	0.88	0.94	-0.24	0.71	0.46	0.77	0.79	0.87	-0.9	0.97	0.71	0.84	0.71	0.84	0.77	0.98	0.67	0.89	0.96		0.88	0.94	0.94	0.79
Other Current Assets	0.87	0.95	0.86	0.91	-0.08	0.63	0.43	0.63	0.6	0.88	-0.8	0.93	0.59	0.79	0.93	0.81	0.79	0.92	0.91	0.81	0.92	0.88		0.87	0.9	0.81
Other Stockholder Equity	0.9	0.93	0.9	0.96	-0.16	0.56	0.56	0.77	0.83	0.8	-0.93	0.97	0.74	0.85	0.76	0.85	0.82	0.98	0.73	0.85	0.97	0.94	0.87		0.96	0.84
Total Liab	0.94	0.93	0.88	0.94	-0.17	0.65	0.56	0.71	0.81	0.8	-0.91	0.94	0.79	0.82	0.84	0.81	0.87	0.95	0.73	0.95	0.99	0.94	0.9	0.96		0.89
Total Current Assets	0.99	0.81	0.68	0.73	0.24	0.79	0.84	0.46	0.61	0.59	-0.73	0.77	0.93	0.59	0.78	0.58	1.0	0.81	0.56	0.76	0.9	0.79	0.81	0.84	0.89

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Luminar Technologies Account Relationship Matchups

Luminar Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	51.9M	510.4M	883.5M	687.3M	512.4M	485.1M
Short Long Term Debt Total	9.6M	893K	619.5M	635.1M	660.7M	353.1M
Other Current Liab	3.3M	7.6M	19.8M	47.0M	48.6M	51.1M
Total Current Liabilities	14.8M	16.6M	39.0M	77.5M	83.9M	42.6M
Total Stockholder Equity	(211.7M)	148.7M	198.0M	(26.4M)	(224.7M)	(213.5M)
Other Liab	1.1M	826K	31.8M	7.0M	8.1M	9.4M
Net Tangible Assets	(212.4M)	148.0M	192.5M	(67.3M)	(77.4M)	(73.5M)
Property Plant And Equipment Net	7.9M	7.7M	20.2M	51.5M	109.0M	114.5M
Current Deferred Revenue	225K	2.3M	898K	2.0M	11.9M	12.5M
Net Debt	(17.4M)	(208.1M)	289.5M	565.6M	521.6M	547.6M
Retained Earnings	(222.2M)	(584.5M)	(822.5M)	(1.3B)	(1.8B)	(1.7B)
Accounts Payable	3.5M	6.0M	14.4M	18.6M	21.1M	12.4M
Cash	27.1M	208.9M	330.0M	69.6M	139.1M	142.0M
Non Current Assets Total	10.4M	9.5M	38.1M	132.7M	161.7M	169.8M
Non Currrent Assets Other	1.8M	1.2M	12.5M	36.3M	3.5M	3.3M
Other Assets	1.8M	1.2M	12.5M	36.3M	41.8M	43.9M
Cash And Short Term Investments	33.7M	485.7M	792.1M	488.9M	289.8M	383.2M
Net Receivables	2.0M	8.2M	22.9M	26.6M	31.6M	17.2M
Common Stock Shares Outstanding	323.9M	145.1M	346.3M	356.3M	389.4M	295.3M
Liabilities And Stockholders Equity	51.9M	510.4M	883.5M	687.3M	512.4M	485.1M
Non Current Liabilities Total	248.8M	345.0M	646.6M	636.2M	653.2M	488.4M
Inventory	4.0M	3.6M	10.3M	8.8M	12.2M	7.7M
Other Current Assets	1.7M	3.3M	20.0M	30.4M	17.0M	13.6M
Other Stockholder Equity	10.5M	733.2M	1.0B	1.2B	1.6B	848.1M
Total Liab	263.6M	361.6M	685.6M	713.7M	737.1M	506.4M
Total Current Assets	41.5M	500.8M	845.4M	554.6M	350.6M	420.4M
Short Term Debt	7.8M	1.5M	4.7M	11.9M	14.1M	7.4M
Common Stock	14K	33K	37K	39K	44K	30.8K
Property Plant Equipment	7.9M	7.7M	20.2M	51.5M	59.2M	62.2M

Pair Trading with Luminar Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Luminar Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Luminar Technologies will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Luminar Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Luminar Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Luminar Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Luminar Technologies to buy it.

The correlation of Luminar Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Luminar Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Luminar Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Luminar Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Luminar Stock Analysis

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

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Luminar Net Income vs Net Income Per E B T Analysis

Net Income vs Net Income Per E B T

Net Income vs Net Income Per E B T Correlation Analysis

Correlation Coefficient

Net Income

Net Income Per E B T

Luminar Technologies fundamental ratios Correlations

Luminar Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Luminar Technologies fundamental ratios Accounts

Pair Trading with Luminar Technologies

Additional Tools for Luminar Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Receivables	+ 1.0	Accounts Payable
Other Assets	+ 1.0	Non Current Assets Total
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Current Assets	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Other Current Liab
Other Assets	+ 0.99	Other Current Liab

Retained Earnings	- 0.98	Other Current Liab
Non Current Assets Total	- 0.97	Retained Earnings
Other Assets	- 0.96	Retained Earnings
Retained Earnings	- 0.96	Current Deferred Revenue
Other Stockholder Equity	- 0.93	Retained Earnings
Retained Earnings	- 0.93	Property Plant And Equipment Net