OmniAb Property Plant And Equipment Net vs Non Current Liabilities Total 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 Property Plant And Equipment Net and its Non Current Liabilities Total 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.

Property Plant And Equipment Net vs Non Current Liabilities Total

Property Plant And Equipment Net vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of OmniAb Inc Property Plant And Equipment Net account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between OmniAb's Property Plant And Equipment Net and Non Current Liabilities Total is 0.65. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Non Current Liabilities Total 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 Property Plant And Equipment Net and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of OmniAb Inc are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Property Plant And Equipment Net i.e., OmniAb's Property Plant And Equipment Net and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.65
Relationship DirectionPositive 
Relationship StrengthSignificant

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Non Current Liabilities Total

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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0.980.960.160.890.990.97-0.110.840.78-0.6-0.460.460.75-0.710.620.990.81-0.54-0.920.10.920.970.95-0.340.97
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-0.93-0.890.01-0.79-0.96-0.90.12-0.81-0.790.390.74-0.14-0.810.71-0.51-0.9-0.71-0.920.810.14-0.88-0.96-0.910.49-0.98
0.160.280.110.40.050.260.670.340.25-0.20.280.680.06-0.510.530.190.480.10.280.14-0.19-0.120.250.88-0.05
0.860.780.120.660.90.81-0.490.590.6-0.72-0.360.370.53-0.470.460.90.60.92-0.49-0.88-0.190.940.78-0.620.93
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0.961.00.060.940.960.990.170.950.84-0.42-0.580.390.85-0.850.650.950.860.95-0.64-0.910.250.780.91-0.130.93
-0.26-0.110.020.04-0.36-0.140.810.04-0.050.230.330.33-0.14-0.210.2-0.260.12-0.340.40.490.88-0.62-0.51-0.13-0.45
0.970.920.080.830.990.93-0.170.80.8-0.54-0.620.320.76-0.720.590.960.770.97-0.7-0.98-0.050.930.970.93-0.45
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OmniAb Account Relationship Matchups

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