OmniAb Capital Lease Obligations vs Current Deferred Revenue Analysis

OABIW Stock  USD 0.28  0.02  6.67%   
OmniAb financial indicator trend analysis is much more than just breaking down OmniAb Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OmniAb Inc is a good investment. Please check the relationship between OmniAb Capital Lease Obligations and its Current Deferred Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OmniAb Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Capital Lease Obligations vs Current Deferred Revenue

Capital Lease Obligations vs Current Deferred Revenue Correlation Analysis

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

Correlation Coefficient

0.25
Relationship DirectionPositive 
Relationship StrengthVery Weak

Capital Lease Obligations

OmniAb Inc capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to OmniAb asset purchases. For example, OmniAb can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as OmniAb control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from OmniAb's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OmniAb Inc 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in OmniAb Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Sales General And Administrative To Revenue is likely to climb to 1.02 in 2024, whereas Tax Provision is likely to drop (5.2 M) in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit19.8M42.8M14.7M26.1M
Total Revenue34.7M59.1M34.2M37.3M

OmniAb fundamental ratios Correlations

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OmniAb Account Relationship Matchups

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