EZGO Historical Cash Flow
| EZGO Stock | USD 0.95 0.07 7.95% |
Analysis of EZGO Technologies cash flow over time is an excellent tool to project EZGO Technologies future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Stock Based Compensation of 743.8 K or Begin Period Cash Flow of 2.6 M as it is a great indicator of EZGO Technologies ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining EZGO Technologies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether EZGO Technologies is a good buy for the upcoming year.
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About EZGO Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in EZGO balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which EZGO's non-liquid assets can be easily converted into cash.
EZGO Technologies Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Capital Expenditures
Capital Expenditures are funds used by EZGO Technologies to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of EZGO Technologies operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most accounts from EZGO Technologies' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into EZGO Technologies current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EZGO 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 price. To learn how to invest in EZGO Stock, please use our How to Invest in EZGO Technologies guide.At this time, EZGO Technologies' Total Cash From Financing Activities is very stable compared to the past year. As of the 22nd of November 2024, End Period Cash Flow is likely to grow to about 20.8 M, though Change To Inventory is likely to grow to (437.7 K).
EZGO Technologies cash flow statement Correlations
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EZGO Technologies Account Relationship Matchups
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High Negative Relationship
EZGO Technologies cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 1.6M | (124.8K) | 327.3K | (511.9K) | (460.7K) | (437.7K) | |
| Change In Cash | (3.3M) | 5.5M | (1.5M) | 12.8M | 14.8M | 15.5M | |
| Free Cash Flow | 1.7M | (17.5M) | (12.1M) | (14.1M) | (12.7M) | (12.1M) | |
| Change In Working Capital | 3.3M | (3.6M) | (6.6M) | (7.3M) | (6.6M) | (6.3M) | |
| Begin Period Cash Flow | 3.6M | 340.5K | 5.9M | 4.4M | 5.1M | 2.6M | |
| Other Cashflows From Financing Activities | (3.3M) | 22.8M | 11.0M | 31.9M | 36.7M | 38.6M | |
| Depreciation | 1.0M | 469.8K | 1.0M | 1.2M | 1.4M | 956.7K | |
| Other Non Cash Items | (498.9K) | 744.7K | 1.6M | 3.1M | 3.6M | 3.8M | |
| Capital Expenditures | 2.3M | 11.2M | 1.8M | 5.0M | 5.7M | 4.3M | |
| Total Cash From Operating Activities | 4.0M | (6.3M) | (10.4M) | (9.1M) | (8.2M) | (7.8M) | |
| Change To Account Receivables | (6.3M) | (180.2K) | (2.5M) | 2.6M | 3.0M | 3.1M | |
| Net Income | 276.9K | (3.4M) | (7.4M) | (7.3M) | (6.5M) | (6.2M) | |
| Total Cash From Financing Activities | (4.0M) | 22.8M | 14.2M | 36.2M | 41.6M | 43.7M | |
| End Period Cash Flow | 340.5K | 5.9M | 4.4M | 17.3M | 19.8M | 20.8M |
Pair Trading with EZGO 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 EZGO 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 EZGO Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against EZGO Stock
| 0.73 | AS | Amer Sports, Upward Rally | PairCorr |
| 0.72 | VSTO | Vista Outdoor | PairCorr |
| 0.71 | HBI | Hanesbrands | PairCorr |
| 0.69 | RL | Ralph Lauren Corp | PairCorr |
| 0.65 | DOGZ | Dogness International | PairCorr |
The ability to find closely correlated positions to EZGO 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 EZGO 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 EZGO 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 EZGO Technologies to buy it.
The correlation of EZGO 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 EZGO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EZGO 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 EZGO 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EZGO 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 price. To learn how to invest in EZGO Stock, please use our How to Invest in EZGO Technologies guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Apparel, Accessories & Luxury Goods 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 EZGO Technologies. If investors know EZGO 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 EZGO Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.771 | Earnings Share (63.06) | Revenue Per Share 9.401 | Quarterly Revenue Growth 0.661 | Return On Assets (0.05) |
The market value of EZGO Technologies is measured differently than its book value, which is the value of EZGO that is recorded on the company's balance sheet. Investors also form their own opinion of EZGO Technologies' value that differs from its market value or its book value, called intrinsic value, which is EZGO Technologies' 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 EZGO Technologies' market value can be influenced by many factors that don't directly affect EZGO Technologies' 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 EZGO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if EZGO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EZGO Technologies' 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.