Owlet Research Development vs Other Operating Expenses Analysis

OWLT Stock

USD 4.79 0.06 1.27%

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

Research Development vs Other Operating Expenses

Research Development vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Owlet Inc Research Development account and Other Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Owlet's Research Development and Other Operating Expenses is 0.97. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Owlet Inc, assuming nothing else is changed. The correlation between historical values of Owlet's Research Development and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Owlet Inc are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Research Development i.e., Owlet's Research Development and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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Research Development

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Owlet Inc. It is also known as Owlet overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

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

At this time, Owlet's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 76 M in 2024, whereas Tax Provision is likely to drop 5,700 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	35M	23.3M	22.6M	22.3M
Total Revenue	75.8M	69.2M	54.0M	71.3M

Gross Profit Total Revenue

Owlet fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	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	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		-0.57	0.97	0.83	0.75	0.94	0.43	0.21	-0.96	-0.51	0.81	0.92	0.56	0.64	-0.79	0.92	0.47	-0.64	0.03	0.84	0.99	0.72	0.83	1.0	0.16	0.61
Short Long Term Debt Total	-0.57		-0.69	-0.6	-0.18	-0.44	0.22	-0.34	0.5	0.84	-0.59	-0.36	-0.77	-0.78	0.89	-0.36	-0.67	0.02	-0.2	-0.61	-0.62	-0.86	-0.65	-0.55	-0.11	-0.86
Other Current Liab	0.97	-0.69		0.92	0.62	0.86	0.42	0.34	-0.88	-0.68	0.9	0.82	0.73	0.8	-0.9	0.82	0.66	-0.64	0.01	0.92	0.99	0.86	0.91	0.96	0.3	0.78
Total Current Liabilities	0.83	-0.6	0.92		0.35	0.64	0.6	0.49	-0.66	-0.78	0.98	0.6	0.84	0.9	-0.84	0.6	0.85	-0.77	-0.1	0.95	0.87	0.87	0.95	0.82	0.62	0.84
Total Stockholder Equity	0.75	-0.18	0.62	0.35		0.9	0.13	0.05	-0.87	0.12	0.38	0.9	0.11	0.17	-0.44	0.9	-0.12	-0.26	-0.16	0.49	0.73	0.23	0.3	0.76	-0.42	0.1
Other Liab	0.94	-0.44	0.86	0.64	0.9		0.33	0.01	-1.0	-0.27	0.61	1.0	0.33	0.43	-0.65	1.0	0.21	-0.51	0.1	0.67	0.92	0.55	0.66	0.95	-0.09	0.42
Net Tangible Assets	0.43	0.22	0.42	0.6	0.13	0.33		-0.02	-0.32	-0.22	0.52	0.37	0.18	0.27	-0.09	0.37	0.4	-0.96	0.03	0.43	0.41	0.27	0.6	0.43	0.74	0.22
Property Plant And Equipment Net	0.21	-0.34	0.34	0.49	0.05	0.01	-0.02		0.0	-0.35	0.63	-0.05	0.75	0.66	-0.54	-0.05	0.52	-0.07	-0.82	0.67	0.31	0.37	0.24	0.18	0.22	0.43
Net Debt	-0.96	0.5	-0.88	-0.66	-0.87	-1.0	-0.32	0.0		0.33	-0.62	-0.99	-0.36	-0.46	0.68	-0.99	-0.25	0.51	-0.15	-0.68	-0.93	-0.6	-0.69	-0.96	0.07	-0.47
Retained Earnings	-0.51	0.84	-0.68	-0.78	0.12	-0.27	-0.22	-0.35	0.33		-0.73	-0.2	-0.85	-0.88	0.79	-0.2	-0.93	0.4	-0.23	-0.67	-0.56	-0.92	-0.84	-0.48	-0.63	-0.95
Accounts Payable	0.81	-0.59	0.9	0.98	0.38	0.61	0.52	0.63	-0.62	-0.73		0.56	0.89	0.92	-0.86	0.56	0.83	-0.69	-0.27	0.99	0.86	0.84	0.89	0.79	0.55	0.81
Cash	0.92	-0.36	0.82	0.6	0.9	1.0	0.37	-0.05	-0.99	-0.2	0.56		0.25	0.35	-0.58	1.0	0.15	-0.54	0.12	0.62	0.89	0.49	0.63	0.93	-0.1	0.35
Non Current Assets Total	0.56	-0.77	0.73	0.84	0.11	0.33	0.18	0.75	-0.36	-0.85	0.89	0.25		0.99	-0.9	0.25	0.91	-0.36	-0.27	0.87	0.64	0.89	0.75	0.53	0.5	0.92
Non Currrent Assets Other	0.64	-0.78	0.8	0.9	0.17	0.43	0.27	0.66	-0.46	-0.88	0.92	0.35	0.99		-0.92	0.35	0.94	-0.46	-0.16	0.89	0.71	0.94	0.84	0.61	0.54	0.96
Other Assets	-0.79	0.89	-0.9	-0.84	-0.44	-0.65	-0.09	-0.54	0.68	0.79	-0.86	-0.58	-0.9	-0.92		-0.58	-0.76	0.33	0.08	-0.89	-0.84	-0.93	-0.8	-0.77	-0.23	-0.91
Cash And Short Term Investments	0.92	-0.36	0.82	0.6	0.9	1.0	0.37	-0.05	-0.99	-0.2	0.56	1.0	0.25	0.35	-0.58		0.15	-0.54	0.12	0.62	0.89	0.49	0.63	0.93	-0.1	0.35
Net Receivables	0.47	-0.67	0.66	0.85	-0.12	0.21	0.4	0.52	-0.25	-0.93	0.83	0.15	0.91	0.94	-0.76	0.15		-0.54	0.0	0.75	0.54	0.89	0.84	0.44	0.78	0.93
Common Stock Shares Outstanding	-0.64	0.02	-0.64	-0.77	-0.26	-0.51	-0.96	-0.07	0.51	0.4	-0.69	-0.54	-0.36	-0.46	0.33	-0.54	-0.54		-0.05	-0.62	-0.62	-0.47	-0.77	-0.64	-0.72	-0.41
Non Current Liabilities Total	0.03	-0.2	0.01	-0.1	-0.16	0.1	0.03	-0.82	-0.15	-0.23	-0.27	0.12	-0.27	-0.16	0.08	0.12	0.0	-0.05		-0.34	-0.03	0.16	0.2	0.05	0.08	0.13
Inventory	0.84	-0.61	0.92	0.95	0.49	0.67	0.43	0.67	-0.68	-0.67	0.99	0.62	0.87	0.89	-0.89	0.62	0.75	-0.62	-0.34		0.89	0.81	0.84	0.82	0.41	0.78
Other Current Assets	0.99	-0.62	0.99	0.87	0.73	0.92	0.41	0.31	-0.93	-0.56	0.86	0.89	0.64	0.71	-0.84	0.89	0.54	-0.62	-0.03	0.89		0.77	0.85	0.99	0.19	0.67
Other Stockholder Equity	0.72	-0.86	0.86	0.87	0.23	0.55	0.27	0.37	-0.6	-0.92	0.84	0.49	0.89	0.94	-0.93	0.49	0.89	-0.47	0.16	0.81	0.77		0.91	0.7	0.49	0.99
Total Liab	0.83	-0.65	0.91	0.95	0.3	0.66	0.6	0.24	-0.69	-0.84	0.89	0.63	0.75	0.84	-0.8	0.63	0.84	-0.77	0.2	0.84	0.85	0.91		0.82	0.63	0.86
Total Current Assets	1.0	-0.55	0.96	0.82	0.76	0.95	0.43	0.18	-0.96	-0.48	0.79	0.93	0.53	0.61	-0.77	0.93	0.44	-0.64	0.05	0.82	0.99	0.7	0.82		0.14	0.59
Short Term Debt	0.16	-0.11	0.3	0.62	-0.42	-0.09	0.74	0.22	0.07	-0.63	0.55	-0.1	0.5	0.54	-0.23	-0.1	0.78	-0.72	0.08	0.41	0.19	0.49	0.63	0.14		0.54
Intangible Assets	0.61	-0.86	0.78	0.84	0.1	0.42	0.22	0.43	-0.47	-0.95	0.81	0.35	0.92	0.96	-0.91	0.35	0.93	-0.41	0.13	0.78	0.67	0.99	0.86	0.59	0.54

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Owlet Research Development vs Other Operating Expenses Analysis

Research Development vs Other Operating Expenses

Research Development vs Other Operating Expenses Correlation Analysis

Correlation Coefficient

Research Development

Other Operating Expenses

Owlet fundamental ratios Correlations

Owlet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Total Current Assets	+ 1.0	Total Assets
Cash	+ 1.0	Other Liab
Cash And Short Term Investments	+ 1.0	Other Liab
Cash And Short Term Investments	+ 1.0	Cash
Other Current Assets	+ 0.99	Total Assets
Other Current Assets	+ 0.99	Other Current Liab

Net Debt	- 1.0	Other Liab
Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Total Current Assets	- 0.96	Net Debt
Common Stock Shares Outstanding	- 0.96	Net Tangible Assets
Net Debt	- 0.96	Total Assets