Onity Net Receivables vs Common Stock Shares Outstanding Analysis

ONIT Stock

30.89 0.10 0.32%

Onity financial indicator trend analysis is much more than just breaking down Onity Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Onity Group is a good investment. Please check the relationship between Onity Net Receivables and its Common Stock Shares Outstanding accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onity Group. 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.

Net Receivables vs Common Stock Shares Outstanding

Net Receivables vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Onity Group Net Receivables account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have no relationship.

The correlation between Onity's Net Receivables and Common Stock Shares Outstanding is 0.02. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Onity Group, assuming nothing else is changed. The correlation between historical values of Onity's Net Receivables and Common Stock Shares Outstanding 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 Onity Group are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Receivables i.e., Onity's Net Receivables and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.02

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Receivables

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Onity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Onity Group 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 Onity Group. 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.

At this time, Onity's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 5.9 M in 2024, whereas Enterprise Value Multiple is likely to drop 15.46 in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	1.1B	877.2M	1.1B	880.8M
Depreciation And Amortization	710.6M	459.5M	12.1M	11.5M

Total Revenue Depreciation And Amortization

Onity fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	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	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Short Term Investments	Current Deferred Revenue	Accounts Payable	Good Will	Inventory
Total Assets		0.07	0.06	-0.22	-0.92	0.16	0.08	-0.53	-0.59	0.29	0.38	0.44	-0.58	0.03	-0.91	-0.09	-0.23	-0.27	0.77	-0.89	-0.19	0.01	-0.07	-0.13	-0.26	0.6
Short Long Term Debt Total	0.07		-0.71	-0.79	-0.18	-0.95	1.0	-0.82	0.08	-0.26	0.61	-0.23	0.11	-0.94	0.01	0.95	-0.78	-0.72	0.61	-0.41	-0.82	0.48	-0.87	-0.87	-0.72	-0.37
Other Current Liab	0.06	-0.71		0.44	-0.04	0.62	-0.69	0.58	-0.48	0.18	-0.41	0.34	-0.49	0.63	-0.12	-0.74	0.42	0.35	-0.33	0.09	0.48	-0.25	0.56	0.56	0.43	0.3
Total Current Liabilities	-0.22	-0.79	0.44		0.18	0.77	-0.8	0.67	0.32	0.68	-0.32	-0.33	0.32	0.7	0.14	-0.82	1.0	0.99	-0.55	0.52	1.0	-0.69	0.98	0.98	0.76	0.55
Total Stockholder Equity	-0.92	-0.18	-0.04	0.18		0.01	-0.19	0.67	0.47	-0.42	-0.66	-0.15	0.45	0.18	0.94	0.03	0.19	0.2	-0.87	0.93	0.17	-0.01	0.06	0.14	0.21	-0.72
Property Plant And Equipment Net	0.16	-0.95	0.62	0.77	0.01		-0.94	0.71	-0.17	0.41	-0.57	0.32	-0.19	0.97	-0.15	-0.95	0.76	0.7	-0.46	0.26	0.8	-0.54	0.87	0.86	0.65	0.5
Net Debt	0.08	1.0	-0.69	-0.8	-0.19	-0.94		-0.82	0.05	-0.26	0.6	-0.21	0.08	-0.93	0.0	0.95	-0.79	-0.74	0.61	-0.43	-0.83	0.48	-0.87	-0.88	-0.73	-0.37
Retained Earnings	-0.53	-0.82	0.58	0.67	0.67	0.71	-0.82		0.1	0.0	-0.86	0.16	0.07	0.82	0.54	-0.7	0.66	0.62	-0.94	0.8	0.68	-0.33	0.67	0.72	0.64	-0.13
Cash	-0.59	0.08	-0.48	0.32	0.47	-0.17	0.05	0.1		0.11	0.15	-0.72	1.0	-0.17	0.51	0.15	0.35	0.42	-0.33	0.58	0.28	-0.15	0.15	0.16	0.32	-0.1
Non Current Assets Total	0.29	-0.26	0.18	0.68	-0.42	0.41	-0.26	0.0	0.11		0.25	-0.42	0.13	0.25	-0.28	-0.46	0.68	0.69	0.14	-0.11	0.67	-0.62	0.67	0.64	0.35	0.83
Non Currrent Assets Other	0.38	0.61	-0.41	-0.32	-0.66	-0.57	0.6	-0.86	0.15	0.25		-0.44	0.18	-0.71	-0.53	0.44	-0.31	-0.26	0.8	-0.65	-0.35	0.22	-0.35	-0.41	-0.23	0.39
Other Assets	0.44	-0.23	0.34	-0.33	-0.15	0.32	-0.21	0.16	-0.72	-0.42	-0.44		-0.74	0.43	-0.28	-0.22	-0.35	-0.44	0.01	-0.29	-0.28	0.34	-0.17	-0.17	-0.06	-0.16
Cash And Short Term Investments	-0.58	0.11	-0.49	0.32	0.45	-0.19	0.08	0.07	1.0	0.13	0.18	-0.74		-0.19	0.5	0.17	0.34	0.41	-0.3	0.56	0.27	-0.14	0.14	0.15	0.31	-0.09
Net Receivables	0.03	-0.94	0.63	0.7	0.18	0.97	-0.93	0.82	-0.17	0.25	-0.71	0.43	-0.19		0.02	-0.92	0.69	0.62	-0.6	0.38	0.73	-0.4	0.79	0.8	0.67	0.3
Common Stock Shares Outstanding	-0.91	0.01	-0.12	0.14	0.94	-0.15	0.0	0.54	0.51	-0.28	-0.53	-0.28	0.5	0.02		0.16	0.15	0.18	-0.77	0.88	0.11	0.05	0.0	0.07	0.14	-0.69
Non Current Liabilities Total	-0.09	0.95	-0.74	-0.82	0.03	-0.95	0.95	-0.7	0.15	-0.46	0.44	-0.22	0.17	-0.92	0.16		-0.8	-0.74	0.46	-0.25	-0.84	0.46	-0.91	-0.9	-0.79	-0.57
Other Current Assets	-0.23	-0.78	0.42	1.0	0.19	0.76	-0.79	0.66	0.35	0.68	-0.31	-0.35	0.34	0.69	0.15	-0.8		1.0	-0.55	0.53	1.0	-0.68	0.97	0.98	0.76	0.54
Other Stockholder Equity	-0.27	-0.72	0.35	0.99	0.2	0.7	-0.74	0.62	0.42	0.69	-0.26	-0.44	0.41	0.62	0.18	-0.74	1.0		-0.53	0.54	0.98	-0.69	0.95	0.95	0.74	0.53
Total Liab	0.77	0.61	-0.33	-0.55	-0.87	-0.46	0.61	-0.94	-0.33	0.14	0.8	0.01	-0.3	-0.6	-0.77	0.46	-0.55	-0.53		-0.95	-0.55	0.22	-0.49	-0.55	-0.57	0.37
Total Current Assets	-0.89	-0.41	0.09	0.52	0.93	0.26	-0.43	0.8	0.58	-0.11	-0.65	-0.29	0.56	0.38	0.88	-0.25	0.53	0.54	-0.95		0.5	-0.24	0.4	0.46	0.47	-0.42
Short Term Debt	-0.19	-0.82	0.48	1.0	0.17	0.8	-0.83	0.68	0.28	0.67	-0.35	-0.28	0.27	0.73	0.11	-0.84	1.0	0.98	-0.55	0.5		-0.68	0.99	0.99	0.76	0.55
Short Term Investments	0.01	0.48	-0.25	-0.69	-0.01	-0.54	0.48	-0.33	-0.15	-0.62	0.22	0.34	-0.14	-0.4	0.05	0.46	-0.68	-0.69	0.22	-0.24	-0.68		-0.68	-0.67	-0.14	-0.43
Current Deferred Revenue	-0.07	-0.87	0.56	0.98	0.06	0.87	-0.87	0.67	0.15	0.67	-0.35	-0.17	0.14	0.79	0.0	-0.91	0.97	0.95	-0.49	0.4	0.99	-0.68		1.0	0.75	0.62
Accounts Payable	-0.13	-0.87	0.56	0.98	0.14	0.86	-0.88	0.72	0.16	0.64	-0.41	-0.17	0.15	0.8	0.07	-0.9	0.98	0.95	-0.55	0.46	0.99	-0.67	1.0		0.76	0.56
Good Will	-0.26	-0.72	0.43	0.76	0.21	0.65	-0.73	0.64	0.32	0.35	-0.23	-0.06	0.31	0.67	0.14	-0.79	0.76	0.74	-0.57	0.47	0.76	-0.14	0.75	0.76		0.39
Inventory	0.6	-0.37	0.3	0.55	-0.72	0.5	-0.37	-0.13	-0.1	0.83	0.39	-0.16	-0.09	0.3	-0.69	-0.57	0.54	0.53	0.37	-0.42	0.55	-0.43	0.62	0.56	0.39

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Onity Account Relationship Matchups

Onity fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	963.6M	1.3B	1.1B	12.5B	13.1B
Short Long Term Debt Total	7.1B	7.9B	8.6B	8.4B	10.9B	8.0B
Other Current Liab	(7.9B)	120.2M	1.1B	210.6M	159.7M	151.7M
Total Current Liabilities	17.9B	262.1M	293.3M	264.9M	219.9M	208.9M
Total Stockholder Equity	10.4B	10.7B	12.1B	12.4B	401.8M	381.7M
Property Plant And Equipment Net	38.3M	16.9M	13.7M	20.2M	13.1M	23.5M
Net Debt	6.6B	7.5B	8.3B	8.2B	10.7B	7.7B
Retained Earnings	412.0M	415.4M	476.7M	456.7M	(151.6M)	(144.0M)
Cash	492.3M	357.3M	263.4M	274.2M	201.6M	250.2M
Non Current Assets Total	10.4B	1.8B	2.7B	3.1B	10.7B	5.4B
Non Currrent Assets Other	(1.7M)	496.0M	(9.4B)	(9.4B)	8.4B	8.8B
Other Assets	(20.3B)	(9.7B)	(10.8B)	(11.3B)	(11.5B)	(12.1B)
Cash And Short Term Investments	492.7M	357.3M	263.4M	274.2M	213.1M	252.0M
Net Receivables	203.4M	189.9M	181.9M	181.6M	154.8M	157.7M
Common Stock Shares Outstanding	9.0M	8.7M	9.4M	9.0M	7.6M	6.9M
Liabilities And Stockholders Equity	9.1B	9.3B	10.8B	11.3B	12.5B	10.2B
Non Current Liabilities Total	9.3B	10.0B	11.4B	11.7B	10.9B	10.4B
Other Current Assets	10.4B	948.8M	890.2M	819.1M	784.4M	745.2M
Other Stockholder Equity	9.7B	556.1M	592.6M	547M	554.5M	526.8M
Total Liab	1.3M	87K	92K	100K	12.1B	12.7B
Total Current Assets	11.1B	8.8B	9.4B	9.3B	1.8B	1.7B
Accumulated Other Comprehensive Income	412.0M	415.4M	476.7M	456.7M	(1.2M)	(1.1M)
Short Term Debt	7.8B	35.7M	44.9M	48.1M	52M	49.4M
Short Term Investments	390K	23.2M	20.4M	600K	11.5M	9.8M

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