Vicinity Motor Net Tangible Assets

Vicinity Motor posts a net tangible assets of $19M as of March 2024. That compares with $35M in the prior-year period — down 47.1% year over year. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Vicinity Motor's net tangible assets was $35M. The latest reading is $19M — a 47.1% year-over-year decrease (period ending March 2024). Use the history and growth charts on this page for a longer lookback.

Net Tangible Assets is one piece of Vicinity Motor's financial statement story. At $19M, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for VEV's net tangible assets usually means three checks: (1) trend versus prior periods, (2) level versus peers, and (3) consistency with growth and profitability. This page covers the first two; Vicinity Motor's other metric pages and overview cover the third.

Judging Vicinity Motor against Industrials peers is usually better than using a market-wide rule of thumb. Business models inside Industrials are more comparable, which makes gaps in net tangible assets easier to interpret. Start with $19M here, then scan peer and history charts to see if the gap is persistent.