Owens Net Income vs Total Other Income Expense Net Analysis
| OC Stock | USD 202.77 5.19 2.63% |
Owens Corning financial indicator trend analysis is much more than just breaking down Owens Corning prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Owens Corning is a good investment. Please check the relationship between Owens Corning Net Income and its Total Other Income Expense Net accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.
Net Income vs Total Other Income Expense Net
Net Income vs Total Other Income Expense Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Owens Corning Net Income account and Total Other Income Expense Net. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Owens Corning's Net Income and Total Other Income Expense Net is -0.41. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Owens Corning, assuming nothing else is changed. The correlation between historical values of Owens Corning's Net Income and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Owens Corning are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Net Income i.e., Owens Corning's Net Income and Total Other Income Expense Net go up and down completely randomly.
Correlation Coefficient | -0.41 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Owens Corning financial statement analysis. It represents the amount of money remaining after all of Owens Corning operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Total Other Income Expense Net
Most indicators from Owens Corning's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Owens Corning 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 Owens Corning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.At present, Owens Corning's Enterprise Value is projected to increase significantly based on the last few years of reporting.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.2B | 2.6B | 2.7B | 2.8B | Total Revenue | 8.5B | 9.8B | 9.7B | 5.5B |
Owens Corning fundamental ratios Correlations
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Owens Corning Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Owens Corning fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 10.0B | 9.5B | 10.0B | 10.8B | 11.2B | 7.1B | |
| Short Long Term Debt Total | 3.1B | 3.2B | 3.1B | 3.2B | 3.3B | 1.9B | |
| Other Current Liab | 276M | 430M | 409M | 571M | 462M | 486.8M | |
| Total Current Liabilities | 1.3B | 1.4B | 1.7B | 2.1B | 2.3B | 1.3B | |
| Total Stockholder Equity | 4.6B | 3.9B | 4.3B | 4.6B | 5.2B | 5.4B | |
| Property Plant And Equipment Net | 4.1B | 4.0B | 4.0B | 3.9B | 4.1B | 2.5B | |
| Net Debt | 3.0B | 2.5B | 2.2B | 2.1B | 1.7B | 1.5B | |
| Retained Earnings | 2.3B | 1.8B | 2.7B | 3.8B | 4.8B | 5.0B | |
| Cash | 172M | 717M | 959M | 1.1B | 1.6B | 1.7B | |
| Non Current Assets Total | 7.9B | 6.9B | 6.9B | 7.2B | 7.3B | 5.2B | |
| Non Currrent Assets Other | 136M | 173M | 203M | 235M | 313M | 482.6M | |
| Cash And Short Term Investments | 172M | 717M | 959M | 1.1B | 1.6B | 1.7B | |
| Net Receivables | 770M | 919M | 939M | 961M | 987M | 629.4M | |
| Common Stock Shares Outstanding | 110.1M | 108.6M | 104.3M | 97.7M | 91M | 89.1M | |
| Liabilities And Stockholders Equity | 10.0B | 9.5B | 10.0B | 10.8B | 11.2B | 7.1B | |
| Non Current Liabilities Total | 4.0B | 4.1B | 4.0B | 4.0B | 3.7B | 4.5B | |
| Inventory | 1.0B | 855M | 1.1B | 1.3B | 1.2B | 656.4M | |
| Other Current Assets | 86M | 115M | 121M | 162M | 117M | 112.8M | |
| Other Stockholder Equity | 2.9B | 2.7B | 2.2B | 1.5B | 874M | 830.3M | |
| Total Liab | 5.3B | 5.5B | 5.7B | 6.1B | 6.0B | 6.0B | |
| Total Current Assets | 2.1B | 2.6B | 3.1B | 3.6B | 3.9B | 4.1B | |
| Short Term Debt | 66M | 74M | 123M | 80M | 555M | 582.8M | |
| Accounts Payable | 815M | 875M | 1.1B | 1.3B | 1.2B | 719.5M | |
| Intangible Assets | 1.7B | 1.7B | 1.6B | 1.6B | 1.5B | 984.4M | |
| Good Will | 1.9B | 989M | 990M | 1.4B | 1.4B | 1.0B | |
| Accumulated Other Comprehensive Income | (610M) | (588M) | (581M) | (681M) | (503M) | (477.9M) | |
| Other Liab | 882M | 875M | 914M | 883M | 794.7M | 755.0M | |
| Other Assets | 162M | 410M | 280M | 124M | 111.6M | 106.0M | |
| Long Term Debt | 3.0B | 3.1B | 3.0B | 2.9B | 2.6B | 2.0B | |
| Property Plant Equipment | 3.9B | 3.8B | 3.9B | 3.7B | 4.3B | 3.1B | |
| Property Plant And Equipment Gross | 4.1B | 4.0B | 3.9B | 3.7B | 7.7B | 8.1B | |
| Current Deferred Revenue | (25M) | 172M | 197M | 16M | 315M | 330.8M | |
| Treasury Stock | (1.1B) | (1.4B) | (1.9B) | (2.7B) | (2.4B) | (2.3B) | |
| Net Tangible Assets | 3.0B | 2.3B | 2.8B | 3.0B | 3.4B | 2.0B | |
| Retained Earnings Total Equity | 2.3B | 1.8B | 2.7B | 3.8B | 4.4B | 4.6B |
Also Currently Popular
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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Owens Corning. If investors know Owens will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Owens Corning listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.02) | Dividend Share 2.4 | Earnings Share 11.78 | Revenue Per Share 119.235 | Quarterly Revenue Growth 0.229 |
The market value of Owens Corning is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Corning's value that differs from its market value or its book value, called intrinsic value, which is Owens Corning's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Owens Corning's market value can be influenced by many factors that don't directly affect Owens Corning's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Owens Corning's value and its price as these two are different measures arrived at by different means. Investors typically determine if Owens Corning is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Corning's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.