Onex Net Receivables vs Property Plant And Equipment Net Analysis

ONEX Stock

CAD 113.93 1.31 1.14%

Onex Corp financial indicator trend analysis is much more than just breaking down Onex Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Onex Corp is a good investment. Please check the relationship between Onex Corp Net Receivables and its Property Plant And Equipment Net accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onex Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Receivables vs Property Plant And Equipment Net

Net Receivables vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Onex Corp Net Receivables account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Onex Corp's Net Receivables and Property Plant And Equipment Net is 0.97. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Onex Corp, assuming nothing else is changed. The correlation between historical values of Onex Corp's Net Receivables and Property Plant And Equipment 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 Receivables of Onex Corp are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Net Receivables i.e., Onex Corp's Net Receivables and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

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.

Most indicators from Onex Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Onex Corp 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 Onex Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Onex Corp's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 27th of November 2024, Enterprise Value Over EBITDA is likely to grow to 16.85, while Selling General Administrative is likely to drop about 57 M.

	2023	2024 (projected)
Interest Expense	2.3M	2.2M
Depreciation And Amortization	35M	33.3M

Interest Expense Depreciation And Amortization

Onex Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		0.93	0.71	0.92	-0.6	0.91	-0.51	0.9	-0.59	0.91	0.85	0.98	0.03	0.7	0.85	0.94	0.05	0.97	0.79	0.81	0.0	0.97	0.91	0.87	0.56	0.93
Short Long Term Debt Total	0.93		0.62	0.78	-0.58	0.75	-0.36	0.99	-0.57	0.77	0.76	0.97	-0.12	0.73	0.7	0.82	0.0	0.95	0.57	0.72	-0.01	0.93	0.75	0.69	0.53	0.96
Other Current Liab	0.71	0.62		0.79	-0.71	0.74	-0.32	0.6	-0.71	0.8	0.62	0.66	-0.02	0.35	0.66	0.78	0.24	0.75	0.77	0.73	0.11	0.77	0.74	0.76	0.46	0.71
Total Current Liabilities	0.92	0.78	0.79		-0.78	0.98	-0.37	0.73	-0.78	0.98	0.91	0.85	-0.05	0.6	0.93	0.98	0.3	0.92	0.94	0.89	0.08	0.95	0.98	0.96	0.62	0.87
Total Stockholder Equity	-0.6	-0.58	-0.71	-0.78		-0.74	-0.2	-0.54	1.0	-0.8	-0.73	-0.54	0.26	-0.36	-0.73	-0.79	-0.7	-0.73	-0.75	-0.69	-0.29	-0.75	-0.73	-0.71	-0.44	-0.74
Property Plant And Equipment Net	0.91	0.75	0.74	0.98	-0.74		-0.4	0.69	-0.74	0.99	0.89	0.84	-0.03	0.65	0.93	0.97	0.31	0.9	0.96	0.79	0.16	0.93	1.0	0.95	0.58	0.84
Current Deferred Revenue	-0.51	-0.36	-0.32	-0.37	-0.2	-0.4		-0.34	-0.2	-0.36	-0.37	-0.5	-0.08	-0.48	-0.4	-0.37	0.62	-0.39	-0.36	-0.26	0.21	-0.39	-0.41	-0.45	-0.31	-0.29
Net Debt	0.9	0.99	0.6	0.73	-0.54	0.69	-0.34		-0.54	0.72	0.69	0.95	-0.14	0.71	0.62	0.78	-0.04	0.93	0.51	0.67	-0.02	0.9	0.7	0.63	0.49	0.95
Retained Earnings	-0.59	-0.57	-0.71	-0.78	1.0	-0.74	-0.2	-0.54		-0.8	-0.72	-0.54	0.26	-0.36	-0.72	-0.79	-0.71	-0.72	-0.75	-0.69	-0.29	-0.74	-0.73	-0.71	-0.44	-0.74
Accounts Payable	0.91	0.77	0.8	0.98	-0.8	0.99	-0.36	0.72	-0.8		0.92	0.84	-0.05	0.63	0.94	0.99	0.34	0.92	0.96	0.82	0.18	0.95	0.99	0.96	0.57	0.88
Cash	0.85	0.76	0.62	0.91	-0.73	0.89	-0.37	0.69	-0.72	0.92		0.8	-0.15	0.67	0.99	0.92	0.26	0.87	0.84	0.82	0.08	0.89	0.89	0.9	0.58	0.83
Non Current Assets Total	0.98	0.97	0.66	0.85	-0.54	0.84	-0.5	0.95	-0.54	0.84	0.8		0.0	0.74	0.77	0.88	-0.03	0.96	0.69	0.76	-0.03	0.95	0.84	0.77	0.57	0.94
Non Currrent Assets Other	0.03	-0.12	-0.02	-0.05	0.26	-0.03	-0.08	-0.14	0.26	-0.05	-0.15	0.0		-0.37	-0.11	-0.04	-0.15	-0.13	0.01	0.02	-0.04	-0.12	-0.02	-0.11	-0.23	-0.18
Other Assets	0.7	0.73	0.35	0.6	-0.36	0.65	-0.48	0.71	-0.36	0.63	0.67	0.74	-0.37		0.63	0.63	-0.02	0.72	0.51	0.39	0.3	0.7	0.64	0.57	0.59	0.72
Cash And Short Term Investments	0.85	0.7	0.66	0.93	-0.73	0.93	-0.4	0.62	-0.72	0.94	0.99	0.77	-0.11	0.63		0.93	0.29	0.85	0.91	0.81	0.08	0.88	0.93	0.94	0.57	0.79
Net Receivables	0.94	0.82	0.78	0.98	-0.79	0.97	-0.37	0.78	-0.79	0.99	0.92	0.88	-0.04	0.63	0.93		0.28	0.95	0.93	0.83	0.14	0.97	0.97	0.95	0.57	0.91
Common Stock Shares Outstanding	0.05	0.0	0.24	0.3	-0.7	0.31	0.62	-0.04	-0.71	0.34	0.26	-0.03	-0.15	-0.02	0.29	0.28		0.14	0.41	0.21	0.4	0.18	0.3	0.23	0.12	0.16
Non Current Liabilities Total	0.97	0.95	0.75	0.92	-0.73	0.9	-0.39	0.93	-0.72	0.92	0.87	0.96	-0.13	0.72	0.85	0.95	0.14		0.78	0.8	0.04	1.0	0.9	0.86	0.57	0.99
Inventory	0.79	0.57	0.77	0.94	-0.75	0.96	-0.36	0.51	-0.75	0.96	0.84	0.69	0.01	0.51	0.91	0.93	0.41	0.78		0.75	0.22	0.83	0.96	0.94	0.54	0.71
Other Current Assets	0.81	0.72	0.73	0.89	-0.69	0.79	-0.26	0.67	-0.69	0.82	0.82	0.76	0.02	0.39	0.81	0.83	0.21	0.8	0.75		-0.14	0.83	0.79	0.81	0.6	0.77
Other Stockholder Equity	0.0	-0.01	0.11	0.08	-0.29	0.16	0.21	-0.02	-0.29	0.18	0.08	-0.03	-0.04	0.3	0.08	0.14	0.4	0.04	0.22	-0.14		0.05	0.15	0.09	0.1	0.09
Total Liab	0.97	0.93	0.77	0.95	-0.75	0.93	-0.39	0.9	-0.74	0.95	0.89	0.95	-0.12	0.7	0.88	0.97	0.18	1.0	0.83	0.83	0.05		0.93	0.89	0.59	0.98
Property Plant And Equipment Gross	0.91	0.75	0.74	0.98	-0.73	1.0	-0.41	0.7	-0.73	0.99	0.89	0.84	-0.02	0.64	0.93	0.97	0.3	0.9	0.96	0.79	0.15	0.93		0.95	0.57	0.84
Total Current Assets	0.87	0.69	0.76	0.96	-0.71	0.95	-0.45	0.63	-0.71	0.96	0.9	0.77	-0.11	0.57	0.94	0.95	0.23	0.86	0.94	0.81	0.09	0.89	0.95		0.52	0.8
Short Term Debt	0.56	0.53	0.46	0.62	-0.44	0.58	-0.31	0.49	-0.44	0.57	0.58	0.57	-0.23	0.59	0.57	0.57	0.12	0.57	0.54	0.6	0.1	0.59	0.57	0.52		0.54
Intangible Assets	0.93	0.96	0.71	0.87	-0.74	0.84	-0.29	0.95	-0.74	0.88	0.83	0.94	-0.18	0.72	0.79	0.91	0.16	0.99	0.71	0.77	0.09	0.98	0.84	0.8	0.54

Click cells to compare fundamentals

Onex Corp Account Relationship Matchups

Onex Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.8B	11.9B	12.9B	12.2B	12.9B	21.3B
Short Long Term Debt Total	4.4B	5.0B	3.8B	3.6B	3.9B	7.5B
Other Current Liab	410M	263M	609M	259M	326M	309.7M
Total Current Liabilities	449M	292M	634M	287M	350M	332.5M
Total Stockholder Equity	7.0B	7.2B	8.4B	8.3B	8.6B	9.0B
Property Plant And Equipment Net	181M	169M	148M	140M	119M	113.1M
Net Debt	3.4B	3.4B	3.3B	3.4B	3.7B	5.5B
Retained Earnings	6.6B	6.9B	8.1B	8.0B	8.3B	8.7B
Accounts Payable	39M	29M	25M	28M	24M	22.8M
Cash	988M	706M	547M	111M	265M	251.8M
Non Current Assets Total	34.5B	10.4B	10.9B	8.0B	11.8B	13.8B
Non Currrent Assets Other	82M	98M	11M	74M	3.9B	4.1B
Other Assets	4.2B	4.0B	3.8B	83M	95.5M	90.7M
Cash And Short Term Investments	988M	706M	790M	161M	265M	251.8M
Net Receivables	205M	261M	208M	346M	422M	400.9M
Common Stock Shares Outstanding	100M	96M	89M	85M	79M	102.0M
Liabilities And Stockholders Equity	11.8B	11.9B	12.9B	12.2B	12.9B	21.1B
Non Current Liabilities Total	4.4B	4.3B	3.9B	3.6B	4.0B	3.8B
Inventory	(209M)	(217M)	(277M)	(371M)	(426.7M)	(405.3M)
Other Current Assets	267M	91M	20M	17M	389M	369.6M
Other Stockholder Equity	170M	(14M)	14M	(1M)	(900K)	(855K)
Total Liab	4.8B	4.6B	4.5B	3.9B	4.3B	4.1B
Property Plant And Equipment Gross	4.9B	181M	169M	253M	262M	240.4M
Total Current Assets	1.4B	967M	4.9B	4.2B	1.1B	1.0B
Accumulated Other Comprehensive Income	14M	(75M)	15M	1M	900K	945K
Intangible Assets	158M	167M	139M	93M	34M	32.3M
Good Will	8.2B	261M	264M	257M	149M	141.6M
Short Term Investments	306M	146M	243M	50M	45M	42.8M
Common Stock Total Equity	321M	320M	342M	314M	282.6M	266.1M
Common Stock	342M	314M	304M	287M	281M	257.7M
Other Liab	4.3B	4.1B	3.8B	3.6B	3.2B	3.0B
Net Tangible Assets	6.6B	6.8B	8.0B	7.9B	9.1B	9.5B
Long Term Debt	4.2B	4.0B	3.8B	3.5B	3.9B	3.7B
Long Term Investments	9.8B	10.2B	7.5B	7.4B	7.6B	8.6B
Property Plant Equipment	181M	169M	148M	140M	126M	119.7M
Long Term Debt Total	4.4B	4.1B	3.8B	3.6B	3.2B	3.0B

Pair Trading with Onex Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Onex Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Onex Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Onex Stock

0.86	RY-PS	Royal Bank Earnings Call This Week	Pair Corr
0.69	RY	Royal Bank Earnings Call This Week	Pair Corr
0.82	RY-PM	Royal Bank Earnings Call This Week	Pair Corr
0.82	TD-PFI	Toronto Dominion Bank	Pair Corr

Moving against Onex Stock

0.48

Toronto Dominion Bank

Pair Corr

The ability to find closely correlated positions to Onex Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Onex Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Onex Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Onex Corp to buy it.

The correlation of Onex Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Onex Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onex Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Onex Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Onex Stock

Balance Sheet is a snapshot of the financial position of Onex Corp at a specified time, usually calculated after every quarter, six months, or one year. Onex Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Onex Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Onex currently owns. An asset can also be divided into two categories, current and non-current.

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Onex Net Receivables vs Property Plant And Equipment Net Analysis

Net Receivables vs Property Plant And Equipment Net

Net Receivables vs Property Plant And Equipment Net Correlation Analysis

Correlation Coefficient

Net Receivables

Property Plant And Equipment Net

Onex Corp fundamental ratios Correlations

Onex Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Onex Corp fundamental ratios Accounts

Pair Trading with Onex Corp

Moving together with Onex Stock

Moving against Onex Stock

Other Information on Investing in Onex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Non Current Liabilities Total
Net Debt	+ 0.99	Short Long Term Debt Total
Accounts Payable	+ 0.99	Property Plant And Equipment Net
Net Receivables	+ 0.99	Accounts Payable

Accounts Payable	- 0.8	Retained Earnings
Accounts Payable	- 0.8	Total Stockholder Equity
Net Receivables	- 0.79	Retained Earnings
Net Receivables	- 0.79	Total Stockholder Equity
Retained Earnings	- 0.78	Total Current Liabilities
Total Stockholder Equity	- 0.78	Total Current Liabilities