Oric Retained Earnings vs Non Current Assets Total Analysis

ORIC Stock  USD 9.59  0.47  5.15%   
Oric Pharmaceuticals financial indicator trend analysis is much more than just breaking down Oric Pharmaceuticals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oric Pharmaceuticals is a good investment. Please check the relationship between Oric Pharmaceuticals Retained Earnings 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 Oric Pharmaceuticals. 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.
For information on how to trade Oric Stock refer to our How to Trade Oric Stock guide.

Retained Earnings vs Non Current Assets Total

Retained Earnings vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oric Pharmaceuticals Retained Earnings account and Non Current Assets Total. At this time, the significance of the direction appears to have pay attention.
The correlation between Oric Pharmaceuticals' Retained Earnings and Non Current Assets Total is -0.8. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Oric Pharmaceuticals, assuming nothing else is changed. The correlation between historical values of Oric Pharmaceuticals' Retained Earnings 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 Retained Earnings of Oric Pharmaceuticals 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 Retained Earnings i.e., Oric Pharmaceuticals' Retained Earnings and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

-0.8
Relationship DirectionNegative 
Relationship StrengthSignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 Oric Pharmaceuticals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oric Pharmaceuticals 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 Oric Pharmaceuticals. 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.
For information on how to trade Oric Stock refer to our How to Trade Oric Stock guide.The current year's Enterprise Value is expected to grow to about 581.3 M, whereas Selling General Administrative is forecasted to decline to about 17.5 M.
 2021 2022 2023 2024 (projected)
Interest Income141K2.6M3.0M3.2M
Net Interest Income141K2.6M3.0M3.2M

Oric Pharmaceuticals fundamental ratios Correlations

0.99-0.940.88-0.930.33-0.020.890.990.190.910.920.61-0.280.330.840.520.880.95-0.880.960.860.97-0.850.920.88
0.99-0.890.88-0.930.450.10.850.980.30.890.890.61-0.290.340.890.580.850.96-0.830.970.890.99-0.790.890.93
-0.94-0.89-0.90.88-0.250.24-0.95-0.930.1-0.95-0.98-0.530.36-0.4-0.75-0.53-0.94-0.840.96-0.91-0.83-0.890.95-0.98-0.74
0.880.88-0.9-0.870.520.10.950.910.030.970.930.55-0.310.360.770.490.960.75-0.810.950.90.84-0.770.930.75
-0.93-0.930.88-0.87-0.35-0.09-0.79-0.92-0.33-0.83-0.83-0.810.05-0.11-0.8-0.41-0.79-0.930.8-0.89-0.8-0.930.75-0.83-0.89
0.330.45-0.250.52-0.350.610.350.360.250.450.350.07-0.520.540.710.690.380.34-0.130.50.710.46-0.090.350.57
-0.020.10.240.1-0.090.61-0.140.010.65-0.07-0.210.170.19-0.180.230.08-0.130.010.440.120.180.050.51-0.210.3
0.890.85-0.950.95-0.790.35-0.140.91-0.170.990.990.38-0.420.460.70.521.00.72-0.90.930.850.81-0.890.990.65
0.990.98-0.930.91-0.920.360.010.910.210.930.930.59-0.230.280.80.510.910.91-0.880.980.840.95-0.840.930.87
0.190.30.10.03-0.330.250.65-0.170.21-0.09-0.140.490.51-0.480.26-0.02-0.160.380.180.180.050.30.24-0.140.52
0.910.89-0.950.97-0.830.45-0.070.990.93-0.090.990.44-0.440.490.780.570.990.77-0.890.960.90.86-0.870.990.73
0.920.89-0.980.93-0.830.35-0.210.990.93-0.140.990.43-0.440.490.750.560.980.79-0.950.930.860.86-0.941.00.7
0.610.61-0.530.55-0.810.070.170.380.590.490.440.430.37-0.310.47-0.120.410.71-0.460.520.420.61-0.40.430.61
-0.28-0.290.36-0.310.05-0.520.19-0.42-0.230.51-0.44-0.440.37-1.0-0.53-0.74-0.4-0.20.37-0.32-0.6-0.310.39-0.44-0.21
0.330.34-0.40.36-0.110.54-0.180.460.28-0.480.490.49-0.31-1.00.580.750.440.25-0.410.360.640.37-0.430.490.26
0.840.89-0.750.77-0.80.710.230.70.80.260.780.750.47-0.530.580.780.690.87-0.660.840.950.92-0.610.750.92
0.520.58-0.530.49-0.410.690.080.520.51-0.020.570.56-0.12-0.740.750.780.50.51-0.480.580.740.64-0.470.560.65
0.880.85-0.940.96-0.790.38-0.131.00.91-0.160.990.980.41-0.40.440.690.50.71-0.90.930.850.8-0.880.980.65
0.950.96-0.840.75-0.930.340.010.720.910.380.770.790.71-0.20.250.870.510.71-0.80.860.790.98-0.760.790.93
-0.88-0.830.96-0.810.8-0.130.44-0.9-0.880.18-0.89-0.95-0.460.37-0.41-0.66-0.48-0.9-0.8-0.82-0.73-0.831.0-0.95-0.64
0.960.97-0.910.95-0.890.50.120.930.980.180.960.930.52-0.320.360.840.580.930.86-0.820.90.93-0.790.930.86
0.860.89-0.830.9-0.80.710.180.850.840.050.90.860.42-0.60.640.950.740.850.79-0.730.90.88-0.70.860.83
0.970.99-0.890.84-0.930.460.050.810.950.30.860.860.61-0.310.370.920.640.80.98-0.830.930.88-0.790.860.95
-0.85-0.790.95-0.770.75-0.090.51-0.89-0.840.24-0.87-0.94-0.40.39-0.43-0.61-0.47-0.88-0.761.0-0.79-0.7-0.79-0.94-0.58
0.920.89-0.980.93-0.830.35-0.210.990.93-0.140.991.00.43-0.440.490.750.560.980.79-0.950.930.860.86-0.940.7
0.880.93-0.740.75-0.890.570.30.650.870.520.730.70.61-0.210.260.920.650.650.93-0.640.860.830.95-0.580.7
Click cells to compare fundamentals

Oric Pharmaceuticals Account Relationship Matchups

Oric Pharmaceuticals fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab5.2M8.2M11.3M11.4M16.8M8.7M
Total Current Liabilities5.4M9.0M15.2M15.4M20.5M11.1M
Net Tangible Assets(90.1M)289.8M273.0M222.4M255.7M268.5M
Retained Earnings(92.7M)(166.4M)(245.1M)(334.2M)(434.9M)(413.2M)
Accounts Payable152K757K1.9M1.3M944K1.0M
Other Assets0.0319K521K517K594.6K433.8K
Total Current Assets90.0M296.7M240.5M210.5M212.6M176.1M
Property Plant Equipment2.2M2.0M2.4M3.3M3.7M2.8M
Total Assets94.1M299.0M298.6M247.2M252.0M226.9M
Total Stockholder Equity88.0M289.8M273.0M222.4M224.1M189.3M
Property Plant And Equipment Net2.2M2.0M2.4M3.3M12.0M12.6M
Net Debt(89.2M)(78.4M)(224.1M)(64.2M)(13.2M)(13.8M)
Cash89.2M78.4M226.0M66.8M23.4M22.2M
Non Current Assets Total4.1M2.3M58.1M36.7M39.4M26.3M
Non Currrent Assets Other1.9M319K12.3M11.5M552K524.4K
Cash And Short Term Investments89.2M293.6M237.0M206.3M208.2M197.4M
Common Stock Shares Outstanding29.9M21.9M38.0M39.7M51.5M36.7M
Liabilities And Stockholders Equity94.1M299.0M298.6M247.2M252.0M226.9M
Non Current Liabilities Total765K219K10.5M9.4M7.5M7.1M
Capital Surpluse2.6M456.2M518.2M557.9M641.5M338.0M
Other Current Assets840K3.1M7.1M4.2M4.4M3.8M
Other Stockholder Equity180.7M157.2M518.2M557.9M658.8M380.7M
Total Liab6.1M9.2M25.7M24.8M27.9M27.3M
Net Invested Capital88.0M289.8M273.0M222.4M224.1M189.3M
Property Plant And Equipment Gross2.2M2.0M7.4M9.0M9.4M6.0M
Accumulated Other Comprehensive Income(178.1M)(31K)(103K)(1.3M)258K270.9K
Net Working Capital84.6M287.7M225.4M195.1M192.1M188.1M

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.
When determining whether Oric Pharmaceuticals offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Oric Pharmaceuticals' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Oric Pharmaceuticals Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Oric Pharmaceuticals Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oric Pharmaceuticals. 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.
For information on how to trade Oric Stock refer to our How to Trade Oric Stock guide.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Biotechnology 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 Oric Pharmaceuticals. If investors know Oric 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 Oric Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.82)
Return On Assets
(0.29)
Return On Equity
(0.46)
The market value of Oric Pharmaceuticals is measured differently than its book value, which is the value of Oric that is recorded on the company's balance sheet. Investors also form their own opinion of Oric Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Oric Pharmaceuticals' 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 Oric Pharmaceuticals' market value can be influenced by many factors that don't directly affect Oric Pharmaceuticals' 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 Oric Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Oric Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oric Pharmaceuticals' 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.