Olaplex Current Deferred Revenue vs Total Current Liabilities Analysis
OLPX Stock | USD 2.11 0.03 1.44% |
Olaplex Holdings financial indicator trend analysis is much more than just breaking down Olaplex Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Olaplex Holdings is a good investment. Please check the relationship between Olaplex Holdings Current Deferred Revenue and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Olaplex Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Olaplex Stock please use our How to Invest in Olaplex Holdings guide.
Current Deferred Revenue vs Total Current Liabilities
Current Deferred Revenue vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Olaplex Holdings Current Deferred Revenue account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Olaplex Holdings' Current Deferred Revenue and Total Current Liabilities is 0.75. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Olaplex Holdings, assuming nothing else is changed. The correlation between historical values of Olaplex Holdings' Current Deferred Revenue and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Olaplex Holdings are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Current Deferred Revenue i.e., Olaplex Holdings' Current Deferred Revenue and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Total Current Liabilities
Total Current Liabilities is an item on Olaplex Holdings balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Olaplex Holdings 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.Most indicators from Olaplex Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Olaplex Holdings 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 Olaplex Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Olaplex Stock please use our How to Invest in Olaplex Holdings guide.Tax Provision is likely to rise to about 31.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 82.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 473.8M | 519.6M | 318.6M | 353.9M | Total Revenue | 598.4M | 704.3M | 458.3M | 482.1M |
Olaplex Holdings fundamental ratios Correlations
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Olaplex Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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