Owens Good Will vs Current Deferred Revenue Analysis
OC Stock | USD 177.08 0.70 0.40% |
Owens Corning financial indicator trend analysis is much more than just breaking down Owens Corning prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Owens Corning is a good investment. Please check the relationship between Owens Corning Good Will and its Current Deferred Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.
Good Will vs Current Deferred Revenue
Good Will vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Owens Corning Good Will account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Owens Corning's Good Will and Current Deferred Revenue is 0.66. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Owens Corning, assuming nothing else is changed. The correlation between historical values of Owens Corning's Good Will and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Owens Corning are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Good Will i.e., Owens Corning's Good Will and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.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.Most indicators from Owens Corning's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Owens Corning 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 Owens Corning. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.At present, Owens Corning's Enterprise Value is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.2B | 2.6B | 2.7B | 2.8B | Total Revenue | 8.5B | 9.8B | 9.7B | 5.5B |
Owens Corning fundamental ratios Correlations
Click cells to compare fundamentals
Owens Corning Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Owens Corning fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 10.0B | 9.5B | 10.0B | 10.8B | 11.2B | 7.1B | |
Short Long Term Debt Total | 3.1B | 3.2B | 3.1B | 3.2B | 3.3B | 1.9B | |
Other Current Liab | 276M | 313M | 553M | 691M | 300M | 486.4M | |
Total Current Liabilities | 1.3B | 1.4B | 1.7B | 2.1B | 2.3B | 1.3B | |
Total Stockholder Equity | 4.6B | 3.9B | 4.3B | 4.6B | 5.2B | 5.4B | |
Property Plant And Equipment Net | 4.1B | 4.0B | 4.0B | 3.9B | 4.1B | 2.5B | |
Net Debt | 3.0B | 2.5B | 2.2B | 2.1B | 1.7B | 1.5B | |
Retained Earnings | 2.3B | 1.8B | 2.7B | 3.8B | 4.8B | 5.0B | |
Cash | 172M | 717M | 959M | 1.1B | 1.6B | 1.7B | |
Non Current Assets Total | 7.9B | 6.9B | 6.9B | 7.2B | 7.3B | 5.2B | |
Non Currrent Assets Other | 136M | 173M | 203M | 235M | 284M | 482.0M | |
Cash And Short Term Investments | 172M | 717M | 959M | 1.1B | 1.6B | 1.7B | |
Net Receivables | 770M | 919M | 939M | 961M | 987M | 629.4M | |
Common Stock Shares Outstanding | 110.1M | 108.6M | 104.3M | 97.7M | 91M | 89.1M | |
Liabilities And Stockholders Equity | 10.0B | 9.5B | 10.0B | 10.8B | 11.2B | 7.1B | |
Non Current Liabilities Total | 4.0B | 4.1B | 4.0B | 4.0B | 3.7B | 4.5B | |
Inventory | 1.0B | 855M | 1.1B | 1.3B | 1.2B | 656.4M | |
Other Current Assets | 86M | 115M | 121M | 117M | 105.3M | 111.8M | |
Other Stockholder Equity | 2.9B | 2.7B | 2.2B | 1.5B | 874M | 830.3M | |
Total Liab | 5.3B | 5.5B | 5.7B | 6.1B | 6.0B | 6.0B | |
Total Current Assets | 2.1B | 2.6B | 3.1B | 3.6B | 3.9B | 4.1B | |
Short Term Debt | 66M | 55M | 49M | 52M | 493M | 517.7M | |
Accounts Payable | 815M | 875M | 1.1B | 1.3B | 1.2B | 719.5M | |
Intangible Assets | 1.7B | 1.7B | 1.6B | 1.6B | 1.5B | 984.4M | |
Good Will | 1.9B | 989M | 990M | 1.4B | 1.4B | 1.0B | |
Accumulated Other Comprehensive Income | (610M) | (588M) | (581M) | (681M) | (503M) | (477.9M) | |
Other Liab | 882M | 875M | 914M | 883M | 794.7M | 755.0M | |
Other Assets | 162M | 410M | 280M | 124M | 111.6M | 106.0M | |
Long Term Debt | 3.0B | 3.1B | 3.0B | 2.9B | 2.6B | 2.0B | |
Property Plant Equipment | 3.9B | 3.8B | 3.9B | 3.7B | 4.3B | 3.1B | |
Property Plant And Equipment Gross | 4.1B | 4.0B | 3.9B | 3.7B | 7.7B | 8.1B | |
Current Deferred Revenue | (25M) | 172M | 197M | 16M | 315M | 330.8M | |
Treasury Stock | (1.1B) | (1.4B) | (1.9B) | (2.7B) | (2.4B) | (2.3B) | |
Net Tangible Assets | 3.0B | 2.3B | 2.8B | 3.0B | 3.4B | 2.0B | |
Retained Earnings Total Equity | 2.3B | 1.8B | 2.7B | 3.8B | 4.4B | 4.6B |
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 Owens Corning offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Owens Corning's 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 Owens Corning Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Owens Corning Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.Note that the Owens Corning information on this page should be used as a complementary analysis to other Owens Corning's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Owens Stock analysis
When running Owens Corning's price analysis, check to measure Owens Corning's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Owens Corning is operating at the current time. Most of Owens Corning's value examination focuses on studying past and present price action to predict the probability of Owens Corning's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Owens Corning's price. Additionally, you may evaluate how the addition of Owens Corning to your portfolios can decrease your overall portfolio volatility.
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
CEOs Directory Screen CEOs from public companies around the world | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Share Portfolio Track or share privately all of your investments from the convenience of any device |
Is Owens Corning's industry 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 Owens Corning. If investors know Owens 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 Owens Corning listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Dividend Share 2.24 | Earnings Share 12.36 | Revenue Per Share 108.26 | Quarterly Revenue Growth (0.01) |
The market value of Owens Corning is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Corning's value that differs from its market value or its book value, called intrinsic value, which is Owens Corning's 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 Owens Corning's market value can be influenced by many factors that don't directly affect Owens Corning's 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 Owens Corning's value and its price as these two are different measures arrived at by different means. Investors typically determine if Owens Corning is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Corning's 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.