OmniAb Total Liab vs Non Current Assets 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 Total Liab and its Non Current Assets 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.

Total Liab vs Non Current Assets Total

Total Liab vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of OmniAb Inc Total Liab account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between OmniAb's Total Liab and Non Current Assets Total is 0.95. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Non Current Assets 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 Total Liab and Non Current Assets 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 Total Liab of OmniAb Inc are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Liab i.e., OmniAb's Total Liab and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
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

0.960.250.940.990.970.010.850.9-0.53-0.560.480.81-0.820.740.990.90.98-0.59-0.930.160.860.920.96-0.260.97
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0.250.070.340.190.1-0.01-0.080.41-0.160.10.520.21-0.10.520.210.440.160.360.010.110.120.050.060.020.08
0.940.940.340.90.950.310.890.92-0.38-0.50.550.86-0.880.80.920.960.89-0.46-0.790.40.660.790.940.040.83
0.990.950.190.90.97-0.080.840.85-0.53-0.570.40.81-0.760.650.980.840.99-0.62-0.960.050.90.960.96-0.360.99
0.971.00.10.950.970.120.940.82-0.48-0.510.450.83-0.810.650.970.860.97-0.57-0.90.260.810.920.99-0.140.93
0.010.17-0.010.31-0.080.120.390.260.53-0.210.020.36-0.430.22-0.070.29-0.11-0.050.120.67-0.49-0.220.170.81-0.17
0.850.96-0.080.890.840.940.390.74-0.21-0.560.260.87-0.80.50.830.760.84-0.6-0.810.340.590.810.950.040.8
0.90.810.410.920.850.820.260.74-0.29-0.680.440.82-0.90.870.820.950.78-0.59-0.790.250.60.690.84-0.050.8
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-0.56-0.520.1-0.5-0.57-0.51-0.21-0.56-0.68-0.260.35-0.760.6-0.3-0.43-0.44-0.460.930.740.28-0.36-0.53-0.580.33-0.62
0.480.430.520.550.40.450.020.260.44-0.760.350.07-0.470.760.550.670.460.32-0.140.680.370.250.390.330.32
0.810.840.210.860.810.830.360.870.820.05-0.760.07-0.70.470.740.730.75-0.65-0.810.060.530.760.85-0.140.76
-0.82-0.82-0.1-0.88-0.76-0.81-0.43-0.8-0.90.30.6-0.47-0.7-0.85-0.77-0.91-0.710.610.71-0.51-0.47-0.59-0.85-0.21-0.72
0.740.630.520.80.650.650.220.50.87-0.51-0.30.760.47-0.850.710.930.62-0.26-0.510.530.460.440.650.20.59
0.990.960.210.920.980.97-0.070.830.82-0.64-0.430.550.74-0.770.710.870.99-0.5-0.90.190.90.940.95-0.260.96
0.90.850.440.960.840.860.290.760.95-0.46-0.440.670.73-0.910.930.870.81-0.39-0.710.480.60.670.860.120.77
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
-0.59-0.570.36-0.46-0.62-0.57-0.05-0.6-0.59-0.040.930.32-0.650.61-0.26-0.5-0.39-0.540.810.28-0.49-0.62-0.640.4-0.7
-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
0.920.910.050.790.960.92-0.220.810.69-0.51-0.530.250.76-0.590.440.940.670.97-0.62-0.96-0.120.940.91-0.510.97
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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