OmniAb Property Plant And Equipment Net vs Other Current Assets 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 Other Current Assets 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 Other Current Assets

Property Plant And Equipment Net vs Other Current Assets 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 Other Current Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between OmniAb's Property Plant And Equipment Net and Other Current Assets is 0.97. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Other Current Assets 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 Other Current Assets 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 Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Property Plant And Equipment Net i.e., OmniAb's Property Plant And Equipment Net and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

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 Profit	19.8M	42.8M	14.7M	26.1M
Total Revenue	34.7M	59.1M	34.2M	37.3M

Gross Profit Total Revenue

OmniAb fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Current Deferred Revenue	Cash	Cash And Short Term Investments	Capital Lease Obligations	Inventory	Net Invested Capital
Total Assets		0.96	0.25	0.94	0.99	0.97	0.01	0.85	0.9	-0.53	-0.56	0.48	0.81	-0.82	0.74	0.99	0.9	0.98	-0.59	-0.93	0.16	0.86	0.92	0.96	-0.26	0.97
Short Long Term Debt Total	0.96		0.07	0.94	0.95	1.0	0.17	0.96	0.81	-0.45	-0.52	0.43	0.84	-0.82	0.63	0.96	0.85	0.96	-0.57	-0.89	0.28	0.78	0.91	1.0	-0.11	0.92
Other Current Liab	0.25	0.07		0.34	0.19	0.1	-0.01	-0.08	0.41	-0.16	0.1	0.52	0.21	-0.1	0.52	0.21	0.44	0.16	0.36	0.01	0.11	0.12	0.05	0.06	0.02	0.08
Total Current Liabilities	0.94	0.94	0.34		0.9	0.95	0.31	0.89	0.92	-0.38	-0.5	0.55	0.86	-0.88	0.8	0.92	0.96	0.89	-0.46	-0.79	0.4	0.66	0.79	0.94	0.04	0.83
Total Stockholder Equity	0.99	0.95	0.19	0.9		0.97	-0.08	0.84	0.85	-0.53	-0.57	0.4	0.81	-0.76	0.65	0.98	0.84	0.99	-0.62	-0.96	0.05	0.9	0.96	0.96	-0.36	0.99
Property Plant And Equipment Net	0.97	1.0	0.1	0.95	0.97		0.12	0.94	0.82	-0.48	-0.51	0.45	0.83	-0.81	0.65	0.97	0.86	0.97	-0.57	-0.9	0.26	0.81	0.92	0.99	-0.14	0.93
Net Debt	0.01	0.17	-0.01	0.31	-0.08	0.12		0.39	0.26	0.53	-0.21	0.02	0.36	-0.43	0.22	-0.07	0.29	-0.11	-0.05	0.12	0.67	-0.49	-0.22	0.17	0.81	-0.17
Accounts Payable	0.85	0.96	-0.08	0.89	0.84	0.94	0.39		0.74	-0.21	-0.56	0.26	0.87	-0.8	0.5	0.83	0.76	0.84	-0.6	-0.81	0.34	0.59	0.81	0.95	0.04	0.8
Non Current Assets Total	0.9	0.81	0.41	0.92	0.85	0.82	0.26	0.74		-0.29	-0.68	0.44	0.82	-0.9	0.87	0.82	0.95	0.78	-0.59	-0.79	0.25	0.6	0.69	0.84	-0.05	0.8
Non Currrent Assets Other	-0.53	-0.45	-0.16	-0.38	-0.53	-0.48	0.53	-0.21	-0.29		-0.26	-0.76	0.05	0.3	-0.51	-0.64	-0.46	-0.6	-0.04	0.39	-0.2	-0.72	-0.51	-0.42	0.23	-0.54
Other Assets	-0.56	-0.52	0.1	-0.5	-0.57	-0.51	-0.21	-0.56	-0.68	-0.26		0.35	-0.76	0.6	-0.3	-0.43	-0.44	-0.46	0.93	0.74	0.28	-0.36	-0.53	-0.58	0.33	-0.62
Net Receivables	0.48	0.43	0.52	0.55	0.4	0.45	0.02	0.26	0.44	-0.76	0.35		0.07	-0.47	0.76	0.55	0.67	0.46	0.32	-0.14	0.68	0.37	0.25	0.39	0.33	0.32
Good Will	0.81	0.84	0.21	0.86	0.81	0.83	0.36	0.87	0.82	0.05	-0.76	0.07		-0.7	0.47	0.74	0.73	0.75	-0.65	-0.81	0.06	0.53	0.76	0.85	-0.14	0.76
Common Stock Shares Outstanding	-0.82	-0.82	-0.1	-0.88	-0.76	-0.81	-0.43	-0.8	-0.9	0.3	0.6	-0.47	-0.7		-0.85	-0.77	-0.91	-0.71	0.61	0.71	-0.51	-0.47	-0.59	-0.85	-0.21	-0.72
Non Current Liabilities Total	0.74	0.63	0.52	0.8	0.65	0.65	0.22	0.5	0.87	-0.51	-0.3	0.76	0.47	-0.85		0.71	0.93	0.62	-0.26	-0.51	0.53	0.46	0.44	0.65	0.2	0.59
Other Current Assets	0.99	0.96	0.21	0.92	0.98	0.97	-0.07	0.83	0.82	-0.64	-0.43	0.55	0.74	-0.77	0.71		0.87	0.99	-0.5	-0.9	0.19	0.9	0.94	0.95	-0.26	0.96
Total Liab	0.9	0.85	0.44	0.96	0.84	0.86	0.29	0.76	0.95	-0.46	-0.44	0.67	0.73	-0.91	0.93	0.87		0.81	-0.39	-0.71	0.48	0.6	0.67	0.86	0.12	0.77
Total Current Assets	0.98	0.96	0.16	0.89	0.99	0.97	-0.11	0.84	0.78	-0.6	-0.46	0.46	0.75	-0.71	0.62	0.99	0.81		-0.54	-0.92	0.1	0.92	0.97	0.95	-0.34	0.97
Intangible Assets	-0.59	-0.57	0.36	-0.46	-0.62	-0.57	-0.05	-0.6	-0.59	-0.04	0.93	0.32	-0.65	0.61	-0.26	-0.5	-0.39	-0.54		0.81	0.28	-0.49	-0.62	-0.64	0.4	-0.7
Common Stock	-0.93	-0.89	0.01	-0.79	-0.96	-0.9	0.12	-0.81	-0.79	0.39	0.74	-0.14	-0.81	0.71	-0.51	-0.9	-0.71	-0.92	0.81		0.14	-0.88	-0.96	-0.91	0.49	-0.98
Current Deferred Revenue	0.16	0.28	0.11	0.4	0.05	0.26	0.67	0.34	0.25	-0.2	0.28	0.68	0.06	-0.51	0.53	0.19	0.48	0.1	0.28	0.14		-0.19	-0.12	0.25	0.88	-0.05
Cash	0.86	0.78	0.12	0.66	0.9	0.81	-0.49	0.59	0.6	-0.72	-0.36	0.37	0.53	-0.47	0.46	0.9	0.6	0.92	-0.49	-0.88	-0.19		0.94	0.78	-0.62	0.93
Cash And Short Term Investments	0.92	0.91	0.05	0.79	0.96	0.92	-0.22	0.81	0.69	-0.51	-0.53	0.25	0.76	-0.59	0.44	0.94	0.67	0.97	-0.62	-0.96	-0.12	0.94		0.91	-0.51	0.97
Capital Lease Obligations	0.96	1.0	0.06	0.94	0.96	0.99	0.17	0.95	0.84	-0.42	-0.58	0.39	0.85	-0.85	0.65	0.95	0.86	0.95	-0.64	-0.91	0.25	0.78	0.91		-0.13	0.93
Inventory	-0.26	-0.11	0.02	0.04	-0.36	-0.14	0.81	0.04	-0.05	0.23	0.33	0.33	-0.14	-0.21	0.2	-0.26	0.12	-0.34	0.4	0.49	0.88	-0.62	-0.51	-0.13		-0.45
Net Invested Capital	0.97	0.92	0.08	0.83	0.99	0.93	-0.17	0.8	0.8	-0.54	-0.62	0.32	0.76	-0.72	0.59	0.96	0.77	0.97	-0.7	-0.98	-0.05	0.93	0.97	0.93	-0.45

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OmniAb Property Plant And Equipment Net vs Other Current Assets Analysis

Property Plant And Equipment Net vs Other Current Assets

Property Plant And Equipment Net vs Other Current Assets Correlation Analysis

Correlation Coefficient

Property Plant And Equipment Net

Other Current Assets

OmniAb fundamental ratios Correlations

OmniAb Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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COMPANY

Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Capital Lease Obligations	+ 1.0	Short Long Term Debt Total
Total Stockholder Equity	+ 0.99	Total Assets
Other Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Net Invested Capital	+ 0.99	Total Stockholder Equity

Net Invested Capital	- 0.98	Common Stock
Cash And Short Term Investments	- 0.96	Common Stock
Common Stock	- 0.96	Total Stockholder Equity
Common Stock	- 0.93	Total Assets
Common Stock	- 0.92	Total Current Assets
Capital Lease Obligations	- 0.91	Common Stock