OmniAb Total Current Liabilities vs Net Invested Capital 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 Total Current Liabilities and its Net Invested Capital 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.
Total Current Liabilities vs Net Invested Capital
Total Current Liabilities vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of OmniAb Inc Total Current Liabilities account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.
The correlation between OmniAb's Total Current Liabilities and Net Invested Capital is 0.83. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Invested Capital 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 Total Current Liabilities and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of OmniAb Inc are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Current Liabilities i.e., OmniAb's Total Current Liabilities and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.83 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on OmniAb balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of OmniAb Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.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 |
OmniAb fundamental ratios Correlations
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OmniAb Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for OmniAb Stock Analysis
When running OmniAb's price analysis, check to measure OmniAb's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy OmniAb is operating at the current time. Most of OmniAb's value examination focuses on studying past and present price action to predict the probability of OmniAb's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OmniAb's price. Additionally, you may evaluate how the addition of OmniAb to your portfolios can decrease your overall portfolio volatility.