Owens Long Term Investments vs Net Working Capital 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 Long Term Investments and its Net Working Capital 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.

Long Term Investments vs Net Working Capital

Long Term Investments vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Owens Corning Long Term Investments account and Net Working Capital. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Owens Corning's Long Term Investments and Net Working Capital is -0.59. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Working Capital 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 Long Term Investments and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Owens Corning are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Long Term Investments i.e., Owens Corning's Long Term Investments and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of Owens Corning balance sheet that represents investments Owens Corning intends to hold for over a year. Owens Corning long term investments may include different instruments such as stocks, bonds, real estate and cash.

Net Working Capital

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

Gross Profit Total Revenue

Owens Corning 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	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	Accounts Payable	Intangible Assets	Good Will	Common Stock	Other Liab
Total Assets		0.82	0.05	0.8	0.85	0.98	0.47	0.67	0.42	0.96	0.17	0.42	0.91	0.53	0.78	0.95	-0.05	0.18	0.82	0.63	0.01	0.74	0.95	0.75	-0.8	-0.8
Short Long Term Debt Total	0.82		0.04	0.77	0.48	0.85	0.66	0.55	0.39	0.74	-0.09	0.39	0.86	0.1	0.73	0.83	-0.3	-0.13	0.8	0.52	-0.02	0.84	0.89	0.57	-0.37	-0.36
Other Current Liab	0.05	0.04		0.26	0.04	-0.02	-0.17	0.22	0.28	-0.06	0.24	0.28	0.16	-0.16	0.16	0.24	0.09	-0.28	0.23	0.33	-0.08	0.38	0.0	-0.16	0.02	0.03
Total Current Liabilities	0.8	0.77	0.26		0.63	0.74	0.08	0.84	0.78	0.62	0.36	0.78	0.9	-0.01	0.67	0.83	-0.22	-0.39	0.85	0.84	0.4	0.95	0.69	0.37	-0.42	-0.42
Total Stockholder Equity	0.85	0.48	0.04	0.63		0.79	0.22	0.77	0.51	0.86	0.54	0.51	0.67	0.61	0.81	0.75	0.04	0.21	0.77	0.72	0.25	0.49	0.76	0.71	-0.92	-0.92
Property Plant And Equipment Net	0.98	0.85	-0.02	0.74	0.79		0.56	0.58	0.33	0.97	0.05	0.33	0.91	0.55	0.76	0.91	-0.1	0.25	0.77	0.54	-0.1	0.7	0.98	0.75	-0.78	-0.77
Net Debt	0.47	0.66	-0.17	0.08	0.22	0.56		-0.02	-0.32	0.59	-0.5	-0.32	0.34	0.34	0.45	0.45	-0.21	0.38	0.32	-0.12	-0.51	0.21	0.69	0.69	-0.28	-0.28
Retained Earnings	0.67	0.55	0.22	0.84	0.77	0.58	-0.02		0.9	0.54	0.7	0.9	0.67	-0.04	0.81	0.63	-0.26	-0.46	0.91	0.96	0.66	0.76	0.57	0.38	-0.47	-0.48
Cash	0.42	0.39	0.28	0.78	0.51	0.33	-0.32	0.9		0.22	0.78	1.0	0.54	-0.3	0.63	0.41	-0.19	-0.68	0.78	0.95	0.77	0.7	0.3	-0.03	-0.2	-0.21
Non Current Assets Total	0.96	0.74	-0.06	0.62	0.86	0.97	0.59	0.54	0.22		0.08	0.22	0.79	0.69	0.75	0.88	-0.05	0.4	0.71	0.47	-0.12	0.56	0.95	0.87	-0.87	-0.87
Non Currrent Assets Other	0.17	-0.09	0.24	0.36	0.54	0.05	-0.5	0.7	0.78	0.08		0.78	0.11	-0.05	0.49	0.13	0.09	-0.38	0.51	0.76	0.75	0.21	0.02	-0.07	-0.32	-0.32
Cash And Short Term Investments	0.42	0.39	0.28	0.78	0.51	0.33	-0.32	0.9	1.0	0.22	0.78		0.54	-0.3	0.63	0.41	-0.19	-0.68	0.78	0.95	0.77	0.7	0.3	-0.03	-0.2	-0.21
Net Receivables	0.91	0.86	0.16	0.9	0.67	0.91	0.34	0.67	0.54	0.79	0.11	0.54		0.27	0.69	0.87	-0.17	-0.06	0.81	0.68	0.07	0.88	0.87	0.5	-0.58	-0.58
Common Stock Shares Outstanding	0.53	0.1	-0.16	-0.01	0.61	0.55	0.34	-0.04	-0.3	0.69	-0.05	-0.3	0.27		0.24	0.41	0.37	0.9	0.09	-0.06	-0.45	-0.13	0.5	0.61	-0.86	-0.86
Non Current Liabilities Total	0.78	0.73	0.16	0.67	0.81	0.76	0.45	0.81	0.63	0.75	0.49	0.63	0.69	0.24		0.73	-0.17	-0.12	0.95	0.79	0.25	0.67	0.82	0.57	-0.63	-0.63
Inventory	0.95	0.83	0.24	0.83	0.75	0.91	0.45	0.63	0.41	0.88	0.13	0.41	0.87	0.41	0.73		0.02	0.09	0.79	0.63	-0.04	0.8	0.89	0.7	-0.68	-0.68
Other Current Assets	-0.05	-0.3	0.09	-0.22	0.04	-0.1	-0.21	-0.26	-0.19	-0.05	0.09	-0.19	-0.17	0.37	-0.17	0.02		0.39	-0.23	-0.09	-0.23	-0.32	-0.18	-0.15	-0.21	-0.21
Other Stockholder Equity	0.18	-0.13	-0.28	-0.39	0.21	0.25	0.38	-0.46	-0.68	0.4	-0.38	-0.68	-0.06	0.9	-0.12	0.09	0.39		-0.3	-0.48	-0.69	-0.45	0.22	0.42	-0.55	-0.55
Total Liab	0.82	0.8	0.23	0.85	0.77	0.77	0.32	0.91	0.78	0.71	0.51	0.78	0.81	0.09	0.95	0.79	-0.23	-0.3		0.9	0.38	0.84	0.81	0.5	-0.55	-0.55
Total Current Assets	0.63	0.52	0.33	0.84	0.72	0.54	-0.12	0.96	0.95	0.47	0.76	0.95	0.68	-0.06	0.79	0.63	-0.09	-0.48	0.9		0.63	0.77	0.52	0.21	-0.45	-0.45
Short Term Debt	0.01	-0.02	-0.08	0.4	0.25	-0.1	-0.51	0.66	0.77	-0.12	0.75	0.77	0.07	-0.45	0.25	-0.04	-0.23	-0.69	0.38	0.63		0.24	-0.12	-0.16	0.07	0.06
Accounts Payable	0.74	0.84	0.38	0.95	0.49	0.7	0.21	0.76	0.7	0.56	0.21	0.7	0.88	-0.13	0.67	0.8	-0.32	-0.45	0.84	0.77	0.24		0.7	0.34	-0.28	-0.28
Intangible Assets	0.95	0.89	0.0	0.69	0.76	0.98	0.69	0.57	0.3	0.95	0.02	0.3	0.87	0.5	0.82	0.89	-0.18	0.22	0.81	0.52	-0.12	0.7		0.78	-0.73	-0.72
Good Will	0.75	0.57	-0.16	0.37	0.71	0.75	0.69	0.38	-0.03	0.87	-0.07	-0.03	0.5	0.61	0.57	0.7	-0.15	0.42	0.5	0.21	-0.16	0.34	0.78		-0.71	-0.71
Common Stock	-0.8	-0.37	0.02	-0.42	-0.92	-0.78	-0.28	-0.47	-0.2	-0.87	-0.32	-0.2	-0.58	-0.86	-0.63	-0.68	-0.21	-0.55	-0.55	-0.45	0.07	-0.28	-0.73	-0.71		1.0
Other Liab	-0.8	-0.36	0.03	-0.42	-0.92	-0.77	-0.28	-0.48	-0.21	-0.87	-0.32	-0.21	-0.58	-0.86	-0.63	-0.68	-0.21	-0.55	-0.55	-0.45	0.06	-0.28	-0.72	-0.71	1.0

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Owens Corning Account Relationship Matchups

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

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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:

How To Invest In Owens

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Is Owens Stock a good investment?

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What is Owens Corning's Net Worth?

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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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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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.

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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.

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Owens Long Term Investments vs Net Working Capital Analysis

Long Term Investments vs Net Working Capital

Long Term Investments vs Net Working Capital Correlation Analysis

Correlation Coefficient

Long Term Investments

Net Working Capital

Owens Corning fundamental ratios Correlations

Owens Corning Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Owens Corning fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Other Liab	+ 1.0	Common Stock
Property Plant And Equipment Net	+ 0.98	Total Assets
Intangible Assets	+ 0.98	Property Plant And Equipment Net
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Non Current Assets Total	+ 0.96	Total Assets

Other Liab	- 0.92	Total Stockholder Equity
Common Stock	- 0.92	Total Stockholder Equity
Other Liab	- 0.87	Non Current Assets Total
Common Stock	- 0.87	Non Current Assets Total
Other Liab	- 0.86	Common Stock Shares Outstanding
Common Stock	- 0.86	Common Stock Shares Outstanding